DoubleVerify Holdings, Inc. (DV)

DoubleVerify Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	590.73	572.54	452.42	332.74	243.92	182.66
Revenue Growth (YoY)	23.51%	26.55%	35.97%	36.42%	33.53%	75.13%
Cost of Revenue	109.3	106.63	77.87	54.38	35.75	24.85
Gross Profit	481.43	465.91	374.55	278.36	208.17	157.82
Selling, General & Admin	227.97	213.92	186.08	158.69	115.21	65.3
Research & Development	133.22	125.38	95.12	62.7	47	31.6
Other Operating Expenses	42.83	40.89	34.33	30.29	24.6	21.81
Operating Expenses	404.02	380.19	315.53	251.68	186.81	118.71
Operating Income	77.42	85.73	59.02	26.68	21.36	39.1
Interest Expense / Income	1.04	1.07	0.91	1.17	4.93	5.2
Other Expense / Income	-10.75	-11.22	-1.25	-0.31	-0.89	-1.46
Pretax Income	87.13	95.88	59.37	25.82	17.31	35.36
Income Tax	20.68	24.41	16.1	-3.49	-3.14	12.05
Net Income	66.45	71.47	43.27	29.31	20.45	23.31
Net Income Growth	30.64%	65.17%	47.63%	43.29%	-12.25%	633.62%
Shares Outstanding (Basic)	171	168	164	148	138	140
Shares Outstanding (Diluted)	176	173	171	160	145	143
Shares Change	2.60%	1.57%	6.55%	10.19%	1.68%	2.48%
EPS (Basic)	0.40	0.43	0.26	0.20	0.15	0.17
EPS (Diluted)	0.38	0.41	0.25	0.18	0.14	0.16
EPS Growth	31.03%	64.00%	38.89%	28.57%	-12.50%	700.00%
Free Cash Flow	110.79	102.73	54.88	73.35	11.47	23.49
Free Cash Flow Per Share	0.65	0.61	0.34	0.49	0.08	0.17
Gross Margin	81.50%	81.38%	82.79%	83.66%	85.34%	86.40%
Operating Margin	13.11%	14.97%	13.05%	8.02%	8.76%	21.41%
Profit Margin	11.25%	12.48%	9.56%	8.81%	8.39%	12.76%
Free Cash Flow Margin	18.75%	17.94%	12.13%	22.04%	4.70%	12.86%
Effective Tax Rate	23.74%	25.46%	27.12%	-13.50%	-18.16%	34.09%
EBITDA	137.64	144.56	101.94	57.28	46.84	62.38
EBITDA Margin	23.30%	25.25%	22.53%	17.21%	19.20%	34.15%
Depreciation & Amortization	49.47	47.61	41.67	30.29	24.6	21.81
EBIT	88.17	96.94	60.27	26.99	22.24	40.56
EBIT Margin	14.93%	16.93%	13.32%	8.11%	9.12%	22.21%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).