Filing Flows › DoubleVerify Holdings (DV) › Q4 2025
DoubleVerify Holdings (DV) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
DoubleVerify Holdings (DV) reported revenue of $206M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +9% from the quarter before. Operating margin was 18.4%, net earnings $29.3M (14.3% of revenue).
DoubleVerify Holdings, Q4 2025: revenue $206M (+8% year over year), operating margin 18.4%, net earnings $29.3M, operating cash flow $72.7M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $206M | +9% | +8% |
| Operating profit | $37.8M | +79% | -3% |
| Net earnings | $29.3M | +187% | +25% |
| Operating cash flow | $72.7M | +42% | +95% |
| Free cash flow | $62.1M | — | +107% |
What changed
Revenue was $205.6M in Q4 2025, up 8% year over year and up 9% from the previous quarter.
Operating profit was $37.8M, a 18.4% margin (down 2.0 points year over year). Operating profit fell $1.0M even though revenue rose $15.0M versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+21%). Net earnings were $29.3M, up 25% year over year. The effective tax rate was 21.7%.
Operating cash flow was $72.7M (up 95% year over year), 248% of net earnings. Non-cash charges added back $14.3M of depreciation and amortization and $25.5M of share-based compensation. After purchase of property, plant and equipment ($10.6M), free cash flow as the company reports it was $62.1M.
Questions
What was DoubleVerify Holdings' revenue in the fourth quarter 2025?
DoubleVerify Holdings (DV) reported revenue of $206M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +9% from the quarter before.
Was DoubleVerify Holdings profitable in the fourth quarter 2025?
Operating profit was $37.8M (18.4% of revenue) and net earnings $29.3M.