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Income Statement
Balance Sheet
Cash Flow Statement

Common Size IS
Op Efficiency
Credit Analysis

DoubleVerify Holdings, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18
   10-K10-K10-K10-KS-1/A
Revenues  452.4332.7243.9182.7104.3
            Revenue growth  36.0%36.4%33.5%75.1% 
Cost of goods sold  77.954.435.824.818.5
Gross profit  374.6278.4208.2157.885.8
            Gross margin  82.8%83.7%85.3%86.4%82.2%
Selling, general and administrative   [+]186.1158.7115.265.314.6
Research and development  95.162.747.031.624.2
Other operating expenses      23.2
EBITDA   [+]93.457.046.060.923.7
            EBITDA margin  20.6%17.1%18.8%33.3%22.7%
Depreciation  9.211.56.74.718.6
EBITA  84.145.539.356.25.1
            EBITA margin  18.6%13.7%16.1%30.8%4.9%
Amortization of intangibles  25.118.817.917.1 
EBIT   [+]59.026.721.439.15.1
            EBIT margin  13.0%8.0%8.8%21.4%4.9%
Interest expense  0.91.24.95.23.1
Other income (expense), net  1.20.30.91.50.0
Pre-tax income  59.425.817.335.42.0
Income taxes  16.1-3.5-3.112.1-1.2
            Tax rate  27.1%  34.1% 
Net income  43.329.320.523.33.2
            Net margin  9.6%8.8%8.4%12.8%3.0%
   
Basic EPS   [+]$0.26$0.20$0.15$0.17$0.02
Diluted EPS   [+]$0.25$0.18$0.14$0.16$0.02
   
Shares outstanding (basic)   [+]163.9148.3138.1139.7139.6
Shares outstanding (diluted)   [+]170.8160.3145.4143.0139.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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