DoubleVerify (NYSE:DV) Releases Earnings Results, Misses Expectations By $0.02 EPS

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

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 Performance

Shares of DV stock traded up $1.05 during mid-day trading on Friday, reaching $10.58. 5,411,460 shares of the company’s stock traded hands, compared to its average volume of 2,780,579. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.98 and a current ratio of 3.98. The firm has a market capitalization of $1.70 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 0.63 and a beta of 0.98. DoubleVerify has a 12 month low of $7.64 and a 12 month high of $17.08. The firm has a 50 day moving average price of $10.45 and a two-hundred day moving average price of $11.66.

Institutional Trading of DoubleVerify

A number of hedge funds and other institutional investors have recently bought and sold shares of DV. Invesco Ltd. raised its position in shares of DoubleVerify by 28.0% during the fourth quarter. Invesco Ltd. now owns 656,655 shares of the company’s stock valued at $7,512,000 after buying an additional 143,716 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of DoubleVerify by 20.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 49,722 shares of the company’s stock worth $569,000 after acquiring an additional 8,285 shares during the last quarter. Veradace Capital Management LLC purchased a new position in DoubleVerify during the fourth quarter valued at $114,000. Mackenzie Financial Corp increased its holdings in DoubleVerify by 1.3% in the 4th quarter. Mackenzie Financial Corp now owns 5,662,133 shares of the company’s stock valued at $64,986,000 after acquiring an additional 74,051 shares during the last quarter. Finally, XTX Topco Ltd lifted its stake in DoubleVerify by 37.5% in the 4th quarter. XTX Topco Ltd now owns 47,115 shares of the company’s stock worth $539,000 after purchasing an additional 12,862 shares in the last quarter. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of DoubleVerify in a report on Wednesday, January 21st. Stifel Nicolaus lowered their price target on shares of DoubleVerify from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Barclays restated an “equal weight” rating and set a $12.00 price objective on shares of DoubleVerify in a research note on Monday, January 12th. Morgan Stanley raised their price objective on DoubleVerify from $15.00 to $15.50 and gave the company an “equal weight” rating in a report on Tuesday, January 13th. Finally, Truist Financial dropped their target price on DoubleVerify from $22.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, November 10th. Eleven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, DoubleVerify presently has an average rating of “Hold” and an average price target of $15.94.

Key Stories Impacting DoubleVerify

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

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.