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DoubleVerify Holdings (DV) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 30, 2026 · DoubleVerify Holdings (DV) Q3 2026 earnings results →

Q3 2026 Revenue up 9% year over year to $206M · 8¢ of every $1 of revenue kept as net profit · operating margin 13.8%

DoubleVerify Holdings made $206M in Q3 2026 (+9% Y/Y). Operating margin 13.8%, net earnings $15.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 30, 2026.

Revenue$206M
Year over year+9%
Operating margin13.8%
Net earnings$15.9M
Operating cash flow$56.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $205.6M in Q3 2026, up 9% year over year and up 6% from the previous quarter.

Operating profit was $28.3M, a 13.8% margin (up 2.6 points year over year). Of the extra revenue versus Q3 2025, 43% reached operating profit, above the 11% margin then. Total costs grew 6% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $15.9M, up 56% year over year. The effective tax rate was 43.0%.

Operating cash flow was $56.0M (up 9% year over year), 351% of net earnings. Non-cash charges added back $18.3M of depreciation and amortization and $25.1M of share-based compensation. Working capital and other items used $3.4M. After purchase of property, plant and equipment ($10.3M), free cash flow as the company reports it was $45.7M.

Quarterly history

DoubleVerify Holdings revenue by quarterDoubleVerify Holdings revenue by quarter$165MQ1 2025$189MQ2 2025$189MQ3 2025$206MQ4 2025$181MQ1 2026$194MQ2 2026$206MQ3 2026
DoubleVerify Holdings net earnings by quarterDoubleVerify Holdings net earnings by quarter$2.4MQ1 2025$8.8MQ2 2025$10.2MQ3 2025$29.3MQ4 2025$6.4MQ1 2026$12.9MQ2 2026$15.9MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 30, 2026$206M+9%13.8%$15.9M$56.0M
Q2 202610-QAug 7, 2026$194M+2%11.9%$12.9M$76.2M
Q1 202610-QMay 6, 2026$181M+10%8.6%$6.4M$4.2M
Q4 202510-KFeb 26, 2026$206M+8%18.4%$29.3M$72.7M
Q3 202510-QNov 7, 2025$189M+11%11.2%$10.2M$51.2M
Q2 202510-QAug 5, 2025$189M+21%7.2%$8.8M$49.6M
Q1 202510-QMay 8, 2025$165M+17%4.1%$2.4M$37.7M

Charts

DoubleVerify Holdings: revenue growth, year over year and quarter over quarterDoubleVerify Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q+17%Q1 2025+21%+15%Q2 2025+11%0%Q3 2025+8%+9%Q4 2025+10%-12%Q1 2026+2%+7%Q2 2026+9%+6%Q3 2026
Latest (Q3 2026): Y/Y +9%, Q/Q +6%.
DoubleVerify Holdings: where the cash came from (+) and went (−), TTM to Q3 2026DoubleVerify Holdings: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$209MBuybacks−$100MCash drawn (+) / kept (−)−$50.1MCapital spending−$41.9MTaxes on employees’ shares−$10.6MNet borrowing (+) / repaid (−)−$7.4MShares issued$1.7MOther investing−$1.0MOther financing$1.0MExchange rates−$520K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
DoubleVerify Holdings: profit against cash, quarter by quarterDoubleVerify Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow$23.4M$37.4MQ4 2024$2.4M$37.7MQ1 2025$8.8M$49.6MQ2 2025$10.2M$51.2MQ3 2025$29.3M$72.7MQ4 2025$6.4M$4.2MQ1 2026$12.9M$76.2MQ2 2026$15.9M$56.0MQ3 2026
Latest (Q3 2026): Net income $15.9M, Operating cash flow $56.0M.
DoubleVerify Holdings: diluted shares by fiscal yearDoubleVerify Holdings: diluted shares by fiscal year145MFY2020160MFY2021171MFY2022173MFY2023175MFY2024167MFY2025
+14.6% since FY2020: more shares outstanding (issuance, stock pay).
DoubleVerify Holdings in its industry: growth against margin (51 companies, SIC 7370)DoubleVerify Holdings in its industry: growth against margin (51 companies, SIC 7370)revenue growth, year over year →↑ operating marginmedian +9%median -1%GOOGLMETASPCXFLUTAPPSNAPZMPINSNIQMTCHSABRTTDRXTFDSTBLATRIPPPLITEMDOCNCSQRTEADEVERBMBLMGNIGRNDZIPDSPHSTMNXDRPUBMHCATRUMBLNDCDLXSSTCEVAYYAIPODCIPMGOAIDJTCSAIIPDNCNETTWAVTRSOMITIRMXIGITSBBLRDV (+9%, 14%)
Services-Computer Programming, Data Processing, Etc.; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About DoubleVerify Holdings

We are one of the industry’s leading media effectiveness platforms that leverages artificial intelligence (“AI”) to drive superior outcomes for global brands. By creating more effective, transparent ad transactions, we make the digital advertising ecosystem stronger, safer and more secure, thereby preserving the fair value exchange between buyers and sellers of digital media. As the global digital advertising market has evolved, we have continued to expand our capabilities since our founding in 2008 through new product innovation and partnerships across emerging programmatic media buying platforms and digital media channels, including social and CTV.

In its own words, from its 10-K, filed Feb 26, 2026.

DoubleVerify Holdings against its Services-Computer Programming, Data Processing, Etc. peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +9% against the peers' median +14%. Operating margin: 13.8% against the peers' median 19.1%.

CompanyQuarterRevenueY/YOp. margin
DV DoubleVerify HoldingsQ3 2026$206M+9%13.8%
GOOGL AlphabetQ3 2026$127.6B+25%31.8%
META Meta PlatformsQ3 2026$64.6B+26%20.1%
SPCX Space Exploration TechnologiesQ3 2026$14.6B+161%19.1%
FLUT Flutter EntertainmentQ3 2026$3.9B+2%-30.7%
APP AppLovinQ3 2026$2.2B+56%78.2%
SNAP SnapQ3 2026$1.7B+14%4.5%
ZM Zoom CommunicationsQ2 FY27$1.3B+5%24.6%
PINS PinterestQ3 2026$1.2B+12%2.6%

Source: DoubleVerify Holdings 10-Q on SEC EDGAR · CIK 1819928 · Services-Computer Programming, Data Processing, Etc.

Guidance and outlook

DoubleVerify Holdings: what its forward-looking statements are about (10-Q filed 2026-10-30)DoubleVerify Holdings: what its forward-looking statements are about (10-Q filed 2026-10-30)Deals5Other2Demand1People1
9 statements; tone -0.56 (−1 all cautious, +1 all confident); 4 hedged.
DoubleVerify Holdings: outlook statements against the filing beforeDoubleVerify Holdings: outlook statements against the filing beforeCautious5

13F: who owns DV and who is buying

Largest holders of DV (13F)Largest holders of DV (13F)BlackRock$251MProvidence Equity Partners L.L.C.$199MVanguard Group$169MDisciplined Growth Investors$105MVanguard Portfolio Management LLC$96.9MAQR Capital Management LLC$83.4MVanguard Capital Management LLC$64.1MBurgundy Asset Management$58.7MDimensional Fund Advisors LP$58.5MState Street$58.3M
Funds' net buying of DV by quarter (13F)Funds' net buying of DV by quarter (13F)−$73.3M2024-09$36.2M2024-12−$251M2025-03$6.1M2025-06−$5.8M2025-09$101M2025-12−$49.7M2026-03$47.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on DV

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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