DoubleVerify Holdings, Inc.

For the period ended Jun 30, 2025. Filed Aug 5, 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.

Jun 30, 2025 · Filed Aug 5, 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) · · June 30, 2025 · · December 31, 2024
Assets: · ·
Current assets · ·
Cash and cash equivalents	$211,784	$292,820
Short-term investments	5,002	17,805
Trade receivables, net of allowances for doubtful accounts of $8,395 and $9,003 as of June 30, 2025 and December 31, 2024, respectively	188,866	226,225
Prepaid expenses and other current assets	56,709	22,201
Total current assets	462,361	559,051
Property, plant and equipment, net	91,886	70,195
Operating lease right-of-use assets, net	67,547	67,721
Goodwill	516,587	427,621
Intangible assets, net	116,068	110,356
Deferred tax assets	31,298	35,488
Other non-current assets	11,181	5,778
Total assets	$1,296,928	$1,276,210
Liabilities and Stockholders' Equity:
Current liabilities
Trade payables	$13,123	$11,598
Accrued expenses	58,855	54,532
Operating lease liabilities, current	10,308	11,048
Income tax liabilities	683	15,592
Current portion of finance lease obligations	7,813	2,512
Other current liabilities	14,119	8,200
Total current liabilities	104,901	103,482
Operating lease liabilities, non-current	77,569	77,297
Finance lease obligations	7,937	812
Deferred tax liabilities	8,572	8,509
Other non-current liabilities	7,934	2,651
Total liabilities	206,913	192,751
Commitments and contingencies (Note 15)
Stockholders’ equity
Common stock, $0.001 par value, 1,000,000 shares authorized, 175,905 shares issued and 163,575 outstanding as of June 30, 2025; 1,000,000 shares authorized, 174,003 shares issued and 167,069 outstanding as of December 31, 2024	176	174
Additional paid-in capital	1,028,443	974,383
Treasury stock, at cost, 12,330 shares and 6,934 shares as of June 30, 2025 and December 31, 2024, respectively	(217,121)	(131,620)
Retained earnings	266,333	255,214
Accumulated other comprehensive income (loss), net of income taxes	12,184	(14,692)
Total stockholders’ equity	1,090,015	1,083,459
Total liabilities and stockholders' equity	$1,296,928	$1,276,210

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (UNAUDITED)

· · · · · · · · · · · ·
· · Three Months Ended June 30, · · Six Months Ended June 30,
(in thousands, except per share data) · 2025 · 2024 · 2025 · 2024
Revenue	$189,021	$155,890	$354,082	$296,672
Cost of revenue (exclusive of depreciation and amortization shown separately below)	33,126	26,102	64,092	52,720
Product development	47,203	39,806	91,920	76,200
Sales, marketing and customer support	50,871	44,863	94,572	82,735
General and administrative	29,576	23,066	56,103	45,141
Depreciation and amortization	14,697	11,004	27,084	21,932
Income from operations	13,548	11,049	20,311	17,944
Interest expense	443	233	863	465
Other income, net	(2,105)	(2,064)	(5,284)	(4,336)
Income before income taxes	15,210	12,880	24,732	21,815
Income tax expense	6,452	5,406	13,613	7,185
Net income	$8,758	$7,474	$11,119	$14,630
Earnings per share:
Basic	$0.05	$0.04	$0.07	$0.09
Diluted	$0.05	$0.04	$0.07	$0.08
Weighted-average common stock outstanding:
Basic	162,740	171,628	163,922	171,467
Diluted	166,697	175,961	167,813	176,850
Comprehensive income:
Net income	$8,758	$7,474	$11,119	$14,630
Other comprehensive income (loss):
Foreign currency cumulative translation adjustment	19,383	(1,814)	26,876	(6,439)
Total comprehensive income	$28,141	$5,660	$37,995	$8,191

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.