Filing Flows › DoubleVerify Holdings (DV) › Q1 2025
DoubleVerify Holdings (DV) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
DoubleVerify Holdings (DV) reported revenue of $165M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -13% from the quarter before. Operating margin was 4.1%, net earnings $2.4M (1.4% of revenue).
DoubleVerify Holdings, Q1 2025: revenue $165M (+17% year over year), operating margin 4.1%, net earnings $2.4M, operating cash flow $37.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $165M | -13% | +17% |
| Operating profit | $6.8M | -83% | -2% |
| Net earnings | $2.4M | -90% | -67% |
| Operating cash flow | $37.7M | +0.7% | +19% |
| Free cash flow | $31.4M | +4% | +24% |
What changed
Revenue was $165.1M in Q1 2025, up 17% year over year and down 13% from the previous quarter.
Operating profit was $6.8M, a 4.1% margin (down 0.8 points year over year). Operating profit fell $132K even though revenue rose $24.3M versus a year earlier, so costs grew faster than sales. Total costs grew 18% against revenue growth of 17%. The fastest-growing cost line was Research & development (+23%). Net earnings were $2.4M, down 67% year over year. The effective tax rate was 75.2%. Non-operating items added $2.8M, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $37.7M (up 19% year over year), 1595% of net earnings. Non-cash charges added back $12.4M of depreciation and amortization and $24.3M of share-based compensation. Capital expenditures of $6.3M left free cash flow of $31.4M.
Questions
What was DoubleVerify Holdings' revenue in the first quarter 2025?
DoubleVerify Holdings (DV) reported revenue of $165M for the first quarter 2025 (Q1 2025), +17% from a year earlier and -13% from the quarter before.
Was DoubleVerify Holdings profitable in the first quarter 2025?
Operating profit was $6.8M (4.1% of revenue) and net earnings $2.4M.