DoubleVerify (NYSE:DV) Issues Earnings Results

DoubleVerify (NYSE:DV) posted its quarterly earnings results on Thursday. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02), FiscalAI reports. DoubleVerify had a net margin of 6.77% and a return on equity of 7.62%. The business had revenue of $205.59 million during the quarter, compared to analysts’ expectations of $208.77 million. During the same quarter last year, the firm earned $0.13 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year.

Here are the key takeaways from DoubleVerify’s conference call:

• DoubleVerify delivered strong profitability and cash generation in 2025, reporting $748 million in revenue, a 38% adjusted EBITDA margin in Q4 and $211 million of operating cash flow, and completed ~$132 million of buybacks with a new $300 million repurchase authorization.
• Management guided 2026 revenue of $810–$826 million (+8%–10% YoY) and an improved full‑year adjusted EBITDA margin of ~34%, while planning >40% reduction in equity grant value and lower stock‑based compensation, which should support margin expansion.
• Product‑led growth is accelerating — social activation grew ~60% YoY in Q4, Authentic AdVantage on YouTube carries ~$8M ACV, CTV measurement volumes and ABS Do Not Air controls are scaling, and AI tools (SlopStopper, Agent ID) are being trialed by top customers, positioning social/CTV/AI to become ~50% of revenue over time.
• Revenue came in below expectations in Q4 due to late‑quarter pullbacks in the retail vertical tied to agency changes (and a prior CPG suspension), creating near‑term pressure and make Q1 execution and sector diversification key risks to upside.

DoubleVerify Stock Up 11.0%

Shares of NYSE DV traded up $1.05 on Friday, hitting $10.58. The company had a trading volume of 5,411,460 shares, compared to its average volume of 2,780,579. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.01. DoubleVerify has a 12-month low of $7.64 and a 12-month high of $17.08. The firm has a market capitalization of $1.70 billion, a P/E ratio of 35.25, a PEG ratio of 0.63 and a beta of 0.98. The business has a 50 day moving average of $10.45 and a two-hundred day moving average of $11.66.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of DoubleVerify from $19.00 to $17.00 and set an “overweight” rating for the company in a report on Monday, November 10th. Barclays reissued an “equal weight” rating and set a $12.00 price objective on shares of DoubleVerify in a research note on Monday, January 12th. Truist Financial dropped their price objective on DoubleVerify from $22.00 to $17.00 and set a “buy” rating for the company in a report on Monday, November 10th. Zacks Research downgraded DoubleVerify from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Eleven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $15.94.

DoubleVerify News Summary

Here are the key news stories impacting DoubleVerify this week:

• Positive Sentiment: Board authorized a $300 million share‑repurchase program — the largest in company history — which supports buybacks and shareholder returns. DoubleVerify Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Strong profitability and cash generation: 2025 adjusted EBITDA of $245.6M (33% margin) and 2025 net income of $50.7M — helps offset near‑term revenue softness. DoubleVerify Reports Fourth Quarter and Full Year 2025 Financial Results
• Positive Sentiment: Management outlined an 8%–10% revenue growth target for 2026 and said it is accelerating AI and social-product innovation — a growth roadmap investors can trade on if execution continues. DoubleVerify outlines 8%–10% revenue growth target for 2026 while accelerating AI and social product innovation
• Neutral Sentiment: Several analysts trimmed price targets but kept constructive ratings — Canaccord lowered its PT to $16 (buy) and RBC cut to $14 (outperform), signaling continued analyst confidence despite revising expectations. Analyst Price Target Notes
• Negative Sentiment: Q4 results modestly missed Street estimates: EPS $0.31 vs. $0.33 expected and revenue $205.6M vs. ~$208.8M consensus; revenue growth was positive year‑over‑year but below expectations. DoubleVerify Q4 results and transcript
• Negative Sentiment: FY‑2026 and Q1 revenue guidance came in below consensus (FY: $810M–$826M vs. ~$828M est.; Q1: $177M–$183M vs. ~$180.6M), leaving some uncertainty about near‑term topline momentum. DoubleVerify Reports Fourth Quarter and Full Year 2025 Financial Results

Institutional Trading of DoubleVerify

Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in DoubleVerify by 154.5% during the 4th quarter. Quadrant Capital Group LLC now owns 2,458 shares of the company’s stock valued at $28,000 after purchasing an additional 1,492 shares in the last quarter. UMB Bank n.a. boosted its position in DoubleVerify by 124.3% in the 4th quarter. UMB Bank n.a. now owns 2,757 shares of the company’s stock valued at $32,000 after buying an additional 1,528 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of DoubleVerify by 253.6% during the second quarter. Tower Research Capital LLC TRC now owns 3,709 shares of the company’s stock valued at $56,000 after acquiring an additional 2,660 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of DoubleVerify by 93.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,248 shares of the company’s stock worth $60,000 after acquiring an additional 2,533 shares during the last quarter. Finally, Quarry LP increased its position in shares of DoubleVerify by 65.6% during the third quarter. Quarry LP now owns 5,472 shares of the company’s stock worth $66,000 after acquiring an additional 2,167 shares during the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About DoubleVerify

DoubleVerify, Inc is a leading digital media measurement and analytics company that helps advertisers, publishers and platforms ensure their digital advertising campaigns are viewable, fraud-free and brand-safe. The company’s platform integrates data science, machine learning and proprietary analytics to authenticate the quality of media across display, video, mobile, CTV and social channels. By delivering real-time insights into ad viewability, fraud detection and contextual relevance, DoubleVerify empowers marketers to optimize campaign performance and drive better return on ad spend.

At the core of DoubleVerify’s offering are solutions for viewability measurement, invalid traffic (IVT) detection, brand safety and suitability, contextual targeting and campaign performance analytics.