Filing Flows › DoubleVerify Holdings (DV) › Q2 2025
DoubleVerify Holdings (DV) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
DoubleVerify Holdings (DV) reported revenue of $189M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +15% from the quarter before. Operating margin was 7.2%, net earnings $8.8M (4.6% of revenue).
DoubleVerify Holdings, Q2 2025: revenue $189M (+21% year over year), operating margin 7.2%, net earnings $8.8M, operating cash flow $49.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $189M | +15% | +21% |
| Operating profit | $13.5M | +100% | +23% |
| Net earnings | $8.8M | +271% | +17% |
| Operating cash flow | $49.6M | +32% | +38% |
| Free cash flow | $40.1M | +28% | +40% |
What changed
Revenue was $189.0M in Q2 2025, up 21% year over year and up 15% from the previous quarter.
Operating profit was $13.5M, a 7.2% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 8% reached operating profit, above the 7% margin then. Total costs grew 21% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+34%). Net earnings were $8.8M, up 17% year over year. The effective tax rate was 42.4%.
Operating cash flow was $49.6M (up 38% year over year), 566% of net earnings. Non-cash charges added back $14.7M of depreciation and amortization and $27.0M of share-based compensation. Capital expenditures of $9.5M left free cash flow of $40.1M.
Questions
What was DoubleVerify Holdings' revenue in the second quarter 2025?
DoubleVerify Holdings (DV) reported revenue of $189M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +15% from the quarter before.
Was DoubleVerify Holdings profitable in the second quarter 2025?
Operating profit was $13.5M (7.2% of revenue) and net earnings $8.8M.