Filing Flows › DoubleVerify Holdings (DV) › Q3 2025
DoubleVerify Holdings (DV) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 7, 2025
DoubleVerify Holdings (DV) reported revenue of $189M for the third quarter 2025 (Q3 2025), +11% from a year earlier and -0.2% from the quarter before. Operating margin was 11.2%, net earnings $10.2M (5.4% of revenue).
DoubleVerify Holdings, Q3 2025: revenue $189M (+11% year over year), operating margin 11.2%, net earnings $10.2M, operating cash flow $51.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $189M | -0.2% | +11% |
| Operating profit | $21.1M | +56% | -18% |
| Net earnings | $10.2M | +16% | -44% |
| Operating cash flow | $51.2M | +3% | -6% |
| Free cash flow | $39.0M | -3% | -19% |
What changed
Revenue was $188.6M in Q3 2025, up 11% year over year and roughly flat from the previous quarter.
Operating profit was $21.1M, a 11.2% margin (down 4.0 points year over year). Operating profit fell $4.6M even though revenue rose $19.1M versus a year earlier, so costs grew faster than sales. Total costs grew 16% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+32%). Net earnings were $10.2M, down 44% year over year. The effective tax rate was 50.3%.
Operating cash flow was $51.2M (down 6% year over year), 502% of net earnings. Non-cash charges added back $15.2M of depreciation and amortization and $27.4M of share-based compensation. Capital expenditures of $12.1M left free cash flow of $39.0M.
Questions
What was DoubleVerify Holdings' revenue in the third quarter 2025?
DoubleVerify Holdings (DV) reported revenue of $189M for the third quarter 2025 (Q3 2025), +11% from a year earlier and -0.2% from the quarter before.
Was DoubleVerify Holdings profitable in the third quarter 2025?
Operating profit was $21.1M (11.2% of revenue) and net earnings $10.2M.