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Midas Edge

DoubleVerify Holdings, Inc.

For the period ended Sep 30, 2026. Filed Oct 30, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2026 · Filed Oct 30, 2026

DV$13.560.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Part IFINANCIAL INFORMATION

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

​​​​​​​
​ · ​ ​ ​ · As of · ​ ​ ​ · As of
(in thousands, except per share data) · ​ · September 30, 2026 · ​ · December 31, 2025
Assets: · ​ · ​ · ​ · ​
Current assets · ​ · ​ · ​ · ​
Cash and cash equivalents​$250,852​$259,038
Trade receivables, net of allowances for doubtful accounts of $8,307 and $8,096 as of September 30, 2026 and December 31, 2025, respectively​​228,009​​221,158
Prepaid expenses and other current assets​41,786​39,132
Total current assets​520,647​519,328
Property, plant and equipment, net​130,054​103,284
Operating lease right-of-use assets, net​​61,089​​66,908
Goodwill​511,084​516,002
Intangible assets, net​81,299​101,616
Deferred tax assets​29,714​30,920
Other non-current assets​16,051​16,024
Total assets​$1,349,938​$1,354,082
Liabilities and Stockholders' Equity:​​​​​
Current liabilities​​​​​
Trade payables​$14,860​$14,662
Accrued expenses​62,570​73,552
Operating lease liabilities, current​​7,349​​9,057
Income tax liabilities​1,742​3,829
Current portion of finance lease obligations​13,823​6,982
Other current liabilities​10,693​13,481
Total current liabilities​111,037​121,563
Operating lease liabilities, non-current​​72,634​​77,917
Finance lease obligations​14,557​5,595
Deferred tax liabilities​11,240​11,467
Other non-current liabilities​7,072​6,208
Total liabilities​​216,540​​222,750
Commitments and contingencies (Note 15)​​​​​
Stockholders’ equity​​​​​
Common stock, $0.001 par value, 1,000,000 shares authorized, 177,293 shares issued and 156,189 outstanding as of September 30, 2026; 1,000,000 shares authorized, 176,546 shares issued and 161,900 outstanding as of December 31, 2025​​177​​177
Additional paid-in capital​​1,082,656​​1,059,938
Treasury stock, at cost, 21,104 shares and 14,646 shares as of September 30, 2026 and December 31, 2025, respectively​​(297,856)​​(247,982)
Retained earnings​341,121​305,864
Accumulated other comprehensive income, net of income taxes​7,300​13,335
Total stockholders’ equity​1,133,398​1,131,332
Total liabilities and stockholders' equity​$1,349,938​$1,354,082

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)

​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · Three Months Ended September 30, · ​ · Nine Months Ended September 30,
(in thousands, except per share data) · ​ ​ ​ · 2026 · ​ ​ ​ · 2025 · ​ ​ ​ · 2026 · ​ ​ ​ · 2025
Revenue​$205,638​$188,621​$580,252​$542,703
Cost of revenue (exclusive of depreciation and amortization shown separately below)​38,542​​33,465​104,185​97,557
Product development​44,427​​44,842​136,201​136,762
Sales, marketing and customer support​47,981​​47,022​141,836​141,594
General and administrative​28,009​​26,997​80,691​83,100
Depreciation and amortization​18,334​​15,191​50,333​42,275
Income from operations​28,345​21,104​67,006​41,415
Interest expense​652​​467​1,540​​1,330
Other (income) expense, net​(251)​​99​1,386​​(5,185)
Income before income taxes​27,944​​20,538​64,080​45,270
Income tax expense​12,015​​10,336​28,823​​23,949
Net income​$15,929​$10,202​$35,257​$21,321
Earnings per share:​​​​​​​​​​
Basic​$0.10​$0.06​$0.23​$0.13
Diluted​$0.10​$0.06​$0.22​$0.13
Weighted-average common stock outstanding:​​​​​​​​
Basic​155,200​​162,031​​156,623​​163,285
Diluted​160,321​​166,497​​160,753​​167,368
Comprehensive income:​​​​​​​​​​
Net income​$15,929​$10,202​$35,257​$21,321
Other comprehensive (loss) income:​​​​​​​​​​
Foreign currency cumulative translation adjustment​(1,346)​839​(6,035)​27,715
Total comprehensive income​$14,583​$11,041​$29,222​$49,036

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)

​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated Other · ​ · ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · ​ · ​ · ​ · Comprehensive · ​ · Total
​ · ​ · Common Stock · ​ · Treasury Stock · ​ · Paid-in · ​ · Retained · ​ · Income (Loss) · ​ · Stockholders’
(in thousands) · ​ · Shares · ​ · Amount · ​ · Shares · ​ · Amount · ​ · Capital · ​ · Earnings · ​ · Net of Income Taxes · ​ · Equity
Balance as of January 1, 2026​176,546​$177​14,646​$(247,982)​$1,059,938​$305,864​$13,335​$1,131,332
Foreign currency translation adjustment​—​​—​—​​—​​—​​—​​(4,931)​​(4,931)
Shares repurchased for settlement of employee tax withholdings​—​​—​142​​(1,437)​​—​​—​​—​​(1,437)
Stock-based compensation expense​—​​—​—​​—​​25,613​​—​​—​​25,613
Common stock issued upon exercise of stock options​—​​—​—​​—​​43​​—​​—​​43
Common stock issued upon vesting of restricted stock units​90​​—​—​​—​​—​​—​​—​​—
Common stock issued upon vesting of performance stock units​53​​—​—​​—​​—​​—​​—​​—
Shares repurchased under authorized repurchase programs​—​​—​7,270​​(75,145)​​—​​—​​—​​(75,145)
Excise tax on shares repurchased​—​​—​—​​(618)​​—​​—​​—​​(618)
Treasury stock reissued upon settlement of equity awards​—​​—​(1,298)​​20,239​​(20,239)​​—​​—​​—
Net income​—​​—​—​​—​​—​​6,410​​—​​6,410
Balance as of March 31, 2026​176,689​​177​20,760​​(304,943)​​1,065,355​​312,274​​8,404​​1,081,267
Foreign currency translation adjustment​—​—​—​—​—​—​242​242
Shares repurchased for settlement of employee tax withholdings​—​—​392​(4,025)​—​—​—​(4,025)
Stock-based compensation expense​—​—​—​—​26,941​—​—​26,941
Common stock issued under employee purchase plan​—​—​—​—​1,031​—​—​1,031
Common stock issued upon exercise of stock options​—​—​—​—​1,223​—​—​1,223
Common stock issued upon vesting of restricted stock units​392​—​—​—​—​—​—​—
Common stock issued upon vesting of performance stock units​29​—​—​—​—​—​—​—
Shares repurchased under authorized repurchase programs​—​—​2,497​(25,050)​—​—​—​(25,050)
Excise tax on shares repurchased​—​—​—​(97)​—​—​—​(97)
Treasury stock reissued upon settlement of equity awards​—​—​(1,474)​20,870​(20,870)​—​—​—
Net income​—​—​—​—​—​12,918​—​12,918
Balance as of June 30, 2026​177,110​​177​22,175​​(313,245)​​1,073,680​​325,192​​8,646​​1,094,450
Foreign currency translation adjustment​—​—​—​—​—​—​(1,346)​(1,346)
Shares repurchased for settlement of employee tax withholdings​—​​—​183​​(2,453)​​—​​—​​—​​(2,453)
Stock-based compensation expense​—​​—​—​​—​​26,512​​—​​—​​26,512
Common stock issued upon exercise of stock options​—​​—​—​​—​​138​​—​​—​​138
Common stock issued upon vesting of restricted stock units​153​​—​—​​—​​—​​—​​—​​—
Common stock issued upon vesting of performance stock units​30​​—​—​​—​​—​​—​​—​​—
Excise tax on shares repurchased​—​​—​—​​168​​—​​—​​—​​168
Treasury stock reissued upon settlement of equity awards​—​​—​(1,254)​​17,674​​(17,674)​​—​​—​​—
Net income​—​​—​—​​—​​—​​15,929​​—​​15,929
Balance as of September 30, 2026​177,293​$177​21,104​$(297,856)​$1,082,656​$341,121​$7,300​$1,133,398

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (UNAUDITED)

​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated Other · ​ · ​ · ​
​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · ​ · ​ · ​ · Comprehensive · ​ · Total
​ · ​ · Common Stock · ​ · Treasury Stock · ​ · Paid-in · ​ · Retained · ​ · Income (Loss) · ​ · Stockholders’
(in thousands) · ​ · Shares · ​ · Amount · ​ · Shares · ​ · Amount · ​ · Capital · ​ · Earnings · ​ · Net of Income Taxes · ​ · Equity
Balance as of January 1, 2025​174,003​$174​6,934​$(131,620)​$974,383​$255,214​$(14,692)​$1,083,459
Foreign currency translation adjustment​—​​—​—​​—​​—​​—​​7,493​7,493
Shares repurchased for settlement of employee tax withholdings​—​​—​210​​(3,210)​​—​​—​​—​(3,210)
Stock-based compensation expense​—​​—​—​​—​​25,080​​—​​—​25,080
Common stock issued upon exercise of stock options​58​​—​—​​—​​222​​—​​—​​222
Common stock issued upon vesting of restricted stock units​641​​1​—​​—​​(1)​​—​​—​​—
Common stock issued upon vesting of performance stock units​71​​—​—​​—​​—​​—​​—​​—
Shares repurchased under authorized repurchase programs​—​​—​5,169​​(82,240)​​—​​—​​—​​(82,240)
Excise tax on shares repurchased​—​​—​—​​(64)​​(668)​​—​​—​​(732)
Treasury stock reissued upon settlement of equity awards​—​​—​(18)​​350​​(350)​​—​​—​​—
Net income​—​​—​—​​—​​—​​2,361​​—​2,361
Balance as of March 31, 2025​174,773​​175​12,295​​(216,784)​​998,666​​257,575​​(7,199)​​1,032,433
Foreign currency translation adjustment​—​​—​—​​—​​—​​—​​19,383​​19,383
Shares repurchased for settlement of employee tax withholdings​—​​—​35​​(494)​​—​​—​​—​​(494)
Stock-based compensation expense​—​​—​—​​—​​28,053​​—​​—​​28,053
Common stock issued under employee purchase plan​135​​—​—​​—​​1,577​​—​​—​​1,577
Common stock issued upon exercise of stock options​29​​—​—​​—​​148​​—​​—​​148
Common stock issued upon vesting of restricted stock units​954​​1​—​​—​​(1)​​—​​—​​—
Common stock issued upon vesting of performance stock units​14​​—​—​​—​​—​​—​​—​​—
Excise tax on shares repurchased​—​​—​—​​157​​—​​—​​—​​157
Net income​—​​—​—​​—​​—​​8,758​​—​​8,758
Balance as of June 30, 2025​175,905​​176​12,330​​(217,121)​​1,028,443​​266,333​​12,184​​1,090,015
Foreign currency translation adjustment​—​​—​—​​—​​—​​—​​839​​839
Shares repurchased for settlement of employee tax withholdings​—​​—​259​​(3,391)​​—​​—​​—​​(3,391)
Stock-based compensation expense​—​​—​—​​—​​28,786​​—​​—​​28,786
Common stock issued upon exercise of stock options​76​​—​—​​—​​260​​—​​—​​260
Common stock issued upon vesting of restricted stock units​313​​—​—​​—​​—​​—​​—​​—
Common stock issued upon vesting of performance stock units​6​​—​—​​—​​—​​—​​—​​—
Shares repurchased under authorized repurchase programs​—​​—​3,258​​(50,065)​​—​​—​​—​​(50,065)
Excise tax on shares repurchased​—​​—​—​​(396)​​—​​—​​—​​(396)
Treasury stock reissued upon settlement of equity awards​—​​—​(641)​​10,962​​(10,962)​​—​​—​​—
Net income​—​​—​—​​—​​—​​10,202​​—​​10,202
Balance as of September 30, 2025​176,300​$176​15,206​$(260,011)​$1,046,527​$276,535​$13,023​$1,076,250
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.