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DoubleVerify Holdings, Inc. logo

DoubleVerify Holdings, Inc.

doubleverify.com

What Do They Do?

Provides digital ad measurement and analytics to advertisers, publishers and ad platforms, helping them assess ad quality and campaign performance.

How Do They Make Money?

Advertisers pay a fee based on ads measured, typically priced per thousand impressions, and are billed monthly for that month’s services. Publishers and other ad inventory customers pay under monthly or annual contracts with minimum fees and additional charges above those minimums.

FY2025 revenue

Who Are Their Customers?

Advertisers use the service for ads they buy directly from publishers and social platforms, or through ad-buying platforms that collect and pass along fees. Publishers and other customers that sell ad inventory also use its analytics.

Do Revenues Turn Into Profits?

Yes. It kept 7 cents of every revenue dollar as net income in FY2025 and turned 23 cents into free cash flow.

Operating income, FY2025
11% of revenue
▼ −4% vs FY2024 ($82.4M, 13%)
Net income, FY2025
7% of revenue
▼ −10% vs FY2024 ($56.2M, 9%)
Free cash flow, FY2025
23% of revenue
▲ +30% vs FY2024 ($132.5M, 20%)

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q2 FY2026, the three months to Jun 30, 2026
Revenue
▲ +3%
vs $189M in Q2 FY2025
Net income
▲ +47%
vs $8.8M in Q2 FY2025
  • Aug 10, 2026 Nielsen agreed to acquire DoubleVerify If completed, the merger would make DoubleVerify a wholly owned subsidiary of Nielsen and delist its shares.
  • Aug 6, 2026 DoubleVerify withdrew its financial outlook and guidance The company also suspended future earnings and investor calls while the transaction is pending.

Growing. Revenue grew 2.2x in 4 years, from $332.7M in FY2021 to $748.3M in FY2025, about 22% a year.

Supply-side contracts The older report describes advertiser revenue tied to ad volume; the latest report also describes publisher and other ad inventory customers paying through contracts with minimum fees and tiered charges above them.

Campaign optimization The older report describes ad quality measurement and analytics; the latest report adds Scibids AI, which uses ad and cost data to build campaign optimization models.

Who Do They Compete With?

Competes with The Trade Desk, Meta, Google, Integral Ad Science, Scope3, Zefr, Nielson, Comscore, Protected Media, HUMAN, Peer 39, Mobian, and Pixability

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