| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 46 | 37.4x | 17.6x | Around median | |
Growth | 76 | 7.6% | 7.1% | Top tier | |
Quality | 79 | 4.8% | 4.5% | Top tier | |
Safety | 92 | — | 2.6x | Top tier | |
Capital Return | 42 | — | 2.15% | Around median | |
Momentum | 68 | -12.9% | 2.3% | Top tier | |
Sentiment | 62 | 9 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
DoubleVerify Holdings, Inc. operates in digital advertising quality measurement, verification, and optimization, providing advertisers with an independent layer for verifying ad viewability, brand suitability, traffic validity, and fraud protection. The company generates revenue primarily from usage-based activation and measurement services paid for by advertisers; in Q1 fiscal 2026, advertiser revenue represented 90% of the total, while supply-side revenue accounted for 10%. Its business spans mobile, online video and display, social platforms, connected TV, and streaming television, with a target of increasing the contribution of social, streaming television, and AI-powered solutions from less than 30% of revenue to approximately 50% over the medium term.
DoubleVerify recorded Q1 fiscal 2026 revenue of $180.8 million, up 10% year over year, and gross profit of $147.7 million, equivalent to a gross margin of approximately 81.7%. Net income was $6.4 million and earnings per share were $0.04, while adjusted earnings before interest, taxes, depreciation, and amortization were $55 million, with a margin of 31%, up from 27% in Q1 fiscal 2025. For the twelve months ended in fiscal 2026, revenue was $764.1 million, gross profit was $628.4 million, and net income was $54.7 million.
Within the Q1 fiscal 2026 mix, measurement revenue grew 16% year over year, with social measurement growing 23% and reaching 49% of measurement revenue, while international revenue grew 18% to represent 27% of it. Activation revenue grew 6%, with ABS representing 53% of it, while supply-side revenue increased 12%. This reflects a gradual shift toward social platforms and streaming television, but the mobile, online video and display businesses remained a large and stable part of the business.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on DoubleVerify is “Neutral,” with an average target of $13.47 and a narrow range between $12 and $14, reflecting the absence of broad bullish conviction despite improving products and margins. The average target is approximately 17% below the 52-week range high of $16.28, while the range extends to a low of $7.64; no reported price-to-earnings ratio is available, so the valuation assessment rests on projected fiscal 2026 revenue growth of between 8% and 10%, a targeted adjusted earnings margin of approximately 34%, and the limited divergence among price targets.
Figures in the text are as of 2026-09-01; the live price is shown at the top of the page.
The primary drivers are activation and measurement on social platforms, streaming television verification, and protection tools for AI-generated content. Social activation grew 92% and social measurement grew 23% in Q1 fiscal 2026, while connected TV measurement volumes increased 28%. Meta activation also reached an annualized revenue run rate of $12 million, and Authentic Advantage on YouTube is tracking toward an expected annual contract value of $10 million in fiscal 2026.
Revenue was $180.8 million, up 10% year over year, and gross profit reached $147.7 million. The company recorded net income of $6.4 million and earnings per share of $0.04. Adjusted earnings before interest, taxes, depreciation, and amortization were $55 million, with a margin of 31%, compared with 27% in Q1 fiscal 2025.
Social activation has become the company's fastest-growing solution group, driven by Meta, YouTube, and TikTok products. 87 advertisers used Meta activation through the end of Q1 fiscal 2026, compared with 68 in Q4 fiscal 2025, and 31 of them were among the top 100 customers. On YouTube, Authentic Advantage users achieved reductions in cost per thousand impressions of up to 36% and a 64% increase in reach, according to management's presentation on the May 7, 2026 call.
DoubleVerify uses AI to reduce classification and verification costs and reported 40% faster software development, four times higher classification productivity, and approximately 2,000 times faster content labeling. These efficiencies helped raise the adjusted earnings before interest, taxes, depreciation, and amortization margin to 31% in Q1 fiscal 2026. On the product side, AI Slop Stopper is applied to more than 40% of measured impressions, but revenue from verifying ads on large language model platforms had not yet taken shape as of the May 7, 2026 call.
The company expects fiscal 2026 revenue of between $810 million and $826 million, representing year-over-year growth of between 8% and 10%. It is also targeting an adjusted earnings before interest, taxes, depreciation, and amortization margin of approximately 34% and free cash flow conversion of approximately 60%. For Q2 fiscal 2026, it expects revenue of between $199 million and $205 million and adjusted earnings before interest, taxes, depreciation, and amortization of between $63 million and $67 million.
Total activation grew only 6% in Q1 fiscal 2026 because rapid social activation growth is still coming from a smaller base, while fees per transaction declined 4%. Q2 fiscal 2026 guidance implies growth of approximately 7% at the midpoint, below the 10% growth in Q1. Operating cash flow was also only $4 million because of the timing of collections and payments, and stock-based compensation was $24 million in the quarter.
