DoubleVerify Holdings, Inc.

For the period ended Mar 31, 2025. Filed May 8, 2025.

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.

Mar 31, 2025 · Filed May 8, 2025

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

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Contents

Part IFINANCIAL INFORMATION

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)


· As of · As of
(in thousands, except per share data) · · March 31, 2025 · · December 31, 2024
Assets: · ·
Current assets · ·
Cash and cash equivalents	$156,360	$292,820
Short-term investments	17,934	17,805
Trade receivables, net of allowances for doubtful accounts of $8,578 and $9,003 as of March 31, 2025 and December 31, 2024, respectively	213,358	226,225
Prepaid expenses and other current assets	34,140	22,201
Total current assets	421,792	559,051
Property, plant and equipment, net	85,994	70,195
Operating lease right-of-use assets, net	68,062	67,721
Goodwill	504,762	427,621
Intangible assets, net	121,865	110,356
Deferred tax assets	35,363	35,488
Other non-current assets	11,157	5,778
Total assets	$1,248,995	$1,276,210
Liabilities and Stockholders' Equity:
Current liabilities
Trade payables	$12,620	$11,598
Accrued expenses	42,297	54,532
Operating lease liabilities, current	11,934	11,048
Income tax liabilities	23,800	15,592
Current portion of finance lease obligations	7,206	2,512
Other current liabilities	15,656	8,200
Total current liabilities	113,513	103,482
Operating lease liabilities, non-current	76,805	77,297
Finance lease obligations	9,399	812
Deferred tax liabilities	8,351	8,509
Other non-current liabilities	8,494	2,651
Total liabilities	216,562	192,751
Commitments and contingencies (Note 15)
Stockholders’ equity
Common stock, $0.001 par value, 1,000,000 shares authorized, 174,773 shares issued and 162,478 outstanding as of March 31, 2025; 1,000,000 shares authorized, 174,003 shares issued and 167,069 outstanding as of December 31, 2024	175	174
Additional paid-in capital	998,666	974,383
Treasury stock, at cost, 12,295 shares and 6,934 shares as of March 31, 2025 and December 31, 2024, respectively	(216,784)	(131,620)
Retained earnings	257,575	255,214
Accumulated other comprehensive loss, net of income taxes	(7,199)	(14,692)
Total stockholders’ equity	1,032,433	1,083,459
Total liabilities and stockholders' equity	$1,248,995	$1,276,210

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)

· · · · · ·
· · Three Months Ended March 31,
(in thousands, except per share data) · 2025 · 2024
Revenue	$165,061	$140,782
Cost of revenue (exclusive of depreciation and amortization shown separately below)	30,966	26,618
Product development	44,717	36,394
Sales, marketing and customer support	43,701	37,872
General and administrative	26,527	22,075
Depreciation and amortization	12,387	10,928
Income from operations	6,763	6,895
Interest expense	420	232
Other income, net	(3,179)	(2,272)
Income before income taxes	9,522	8,935
Income tax expense	7,161	1,779
Net income	$2,361	$7,156
Earnings per share:
Basic	$0.01	$0.04
Diluted	$0.01	$0.04
Weighted-average common stock outstanding:
Basic	165,117	171,306
Diluted	168,941	176,124
Comprehensive income:
Net income	$2,361	$7,156
Other comprehensive income (loss):
Foreign currency cumulative translation adjustment	7,493	(4,625)
Total comprehensive income	$9,854	$2,531

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