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DoubleVerify Holdings, Inc.

DoubleVerify Holdings, Inc.DV

Communication Services · Advertising Agencies
13.56USD
+0.15%
Nov 09, 2026
DV overview ready
Independent Digital Ad Quality and Performance Measurement Platform
DoubleVerify is a direct, independent measurement and optimization vendor to advertisers and agencies, assessing individual digital ad transactions for invalid traffic, viewability, brand suitability, geography and attention, then using those signals to improve media buying and performance measurement.
Theme not measured
Advertising Technology has no leadership state this session.
Consolidating price action
Longer-term context reads early recovery, with a near-term setup of breakout attempt.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Increased competition from other ad verification and measurement providers.
Market Nov 6Filing Sep 30Price action Nov 8Research Oct 18

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction7.7BusinessPerformance7.0BusinessQuality8.0Valuation9.8ThemeMomentum—Improving — Revenue is growing at a steady pace (+9.0% year over year). Diluted EPS is up 67% year over year at $0.10. That earnings comparison is against a weak year-ago quarter. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
Advertising Technology — Advertising Technology is tracked (3–4 priced members) — too few for a leadership state
Its economic family, Software, reads Weakening (+6.0pp vs SPY) — the family’s reading, not this theme’s.
Price
Loading price history…

Price Action

Consolidating price action
Longer-term context reads early recovery, with a near-term setup of breakout attempt.
EntryEarly recovery

The structure is repairing early: weekly fast averages are being reclaimed and the daily chart is recovering constructively — an early-recovery entry profile.

Key Financials

Market Cap
$2.1B
Avg Volume (60D)
2.7M
60 sessions
Revenue Growth YoY
+13.9%
FY2025 vs FY2024
Gross Margin
+82.2%
Operating Margin
+13.3%
Trailing twelve months
Free Cash Flow Yield
+7.9%
Distance from 200DMA
+19.0%
P/E
32.8x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue is growing at a steady pace (+9.0% year over year). Diluted EPS is up 67% year over year at $0.10. That earnings comparison is against a weak year-ago quarter.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthGrowing
+9.0%
$206M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +7.9%
  2. +9.6%
  3. +2.5%
  4. +9.0%
Earnings growthGrowing
+67%
Diluted EPS $0.10 vs $0.06 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +29%
  2. n/a
  3. +60%
  4. +67%
Operating marginExpanding
13.8%
+2.6 pp YoY
The comparison is against a weak year-ago quarter

Business Quality

8.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.
DoubleVerify Holdings, Inc. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces. It trades at a 7.9% free-cash-flow yield, which the underlying economics comfortably support.

What changed

Company Research

Thesis
DoubleVerify is a direct, independent measurement and optimization vendor to advertisers and agencies, assessing individual digital ad transactions for invalid traffic, viewability, brand suitability, geography and attention, then using those signals to improve media buying and performance measurement.
Opportunity
Moderate opportunity
Advertisers and agencies are increasing reliance on independent, privacy-resilient measurement of media quality, fraud, brand suitability, consumer attention and campaign outcomes as digital inventory fragments across social, connected TV, mobile, programmatic and AI-enabled environments.
Key risk
Increased competition from other ad verification and measurement providers.

Economic classification

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Business & Markets

Communication Services · Advertising Agencies
What they do

DoubleVerify provides digital media effectiveness platforms that independently measure and optimize the quality and performance of digital advertising campaigns across various channels in the United States.

How it earns

The company primarily generates revenue through subscription and usage-based fees for its measurement and optimization software solutions.

Products & services
DV Authentic Ad
DV Authentic Attention
Custom Contextual solution
Scibids AI
Rockerbox
Customers & end markets
Advertisers
Advertising agencies
Market position

Leader in independent digital advertising measurement and optimization services.

Demand drivers
Medium cyclicality

Advertising spending fluctuates with economic cycles, impacting demand for measurement services.

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