← DoubleVerify Holdings, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Net income | $23.3m |
$20.5m
-12.25%
|
$29.3m
+43.29%
|
$43.3m
+47.63%
|
$71.5m
+65.17%
|
$56.2m
-21.32%
|
$50.6m
-9.93%
|
$58.9m
+16.21%
|
|
| Depreciation and amortization expense | $21.8m | $24.6m | $30.3m | $34.3m | $40.9m | $45.2m | $56.6m | $61.5m | |
| Amortization of debt issuance costs | $298k | $285k | $294k | $294k | $294k | $442k | $434k | — | |
| Deferred taxes | $2.0m | ($5.1m) | ($7.9m) | ($19.6m) | ($25.0m) | ($21.7m) | $3.8m | — | |
| Stock-based compensation expense | — | $6.0m | $21.9m | $42.3m | $59.2m | $90.7m | $104.2m | $102.7m | |
| Stock-based compensation included in capitalized software development costs | — | — | — | $480k | $1.1m | $2.1m | $4.6m | $102.7m | |
| Right-of-use assets obtained in exchange for new operating lease liabilities, net of impairments and tenant improvement allowances | — | — | — | $72.0m | $2.5m | $14.1m | $5.5m | — | |
| Trade receivables | ($32.7m) | ($30.4m) | ($22.0m) | ($49.8m) | ($43.7m) | ($26.7m) | $6.5m | — | |
| Trade payables | ($538k) | $2.5m | ($49k) | $2.9m | $5.5m | ($1.1m) | $2.3m | — | |
| Capital assets financed by accounts payable and accrued expenses | — | — | $36k | $12k | $261k | $6k | $99k | — | |
| Accrued expenses and other liabilities | — | $3.5m | $16.2m | $16.6m | $530k | $12.3m | ($6.5m) | — | |
| Accrued excise tax on net share repurchases | — | — | — | — | — | $668k | $884k | — | |
| Other | — | $673k | $733k | $87k | $492k | $3.3m | $992k | — | |
| Prepaid expenses and other assets | ($1.6m) | ($8.8m) | ($7.0m) | $9.1m | ($5.6m) | ($11.4m) | ($19.3m) | — | |
| Net cash provided by operating activities | $29.4m |
$21.2m
-27.92%
|
$82.7m
+290.03%
|
$94.9m
+14.64%
|
$119.7m
+26.23%
|
$159.7m
+33.34%
|
$211.2m
+32.27%
|
$204.3m
-3.25%
|
|
| Purchase of property, plant and equipment | ($5.9m) | ($9.8m) | ($9.4m) | ($40.0m) | ($17.0m) | ($27.1m) | ($38.5m) | — | |
| Acquisition of equipment under finance lease | $1.5m | $1.6m | $1.5m | — | $5.5m | — | $13.8m | — | |
| Purchase of short-term investments | — | — | — | — | — | ($99.6m) | — | — | |
| Proceeds from maturity of short-term investments | — | — | — | — | — | $81.9m | $17.8m | — | |
| Other investing activities | — | — | — | — | — | — | ($2.0m) | — | |
| Net cash used in investing activities | ($63.2m) | ($9.8m) | ($158.6m) | ($40.0m) | ($84.2m) | ($44.8m) | ($105.4m) | ($39.7m) | |
| Bad debt expense | $3.3m | $4.8m | ($711k) | $5.0m | $10.1m | $5.0m | $3.2m | — | |
| Proceeds from common stock issued upon exercise of stock options | $177k | $780k | $12.4m | $5.8m | $10.7m | $3.3m | $886k | — | |
| Proceeds from common stock issued under employee purchase plan | — | $424k | $404k | $1.7m | $2.7m | $3.5m | $2.5m | — | |
| Common stock issued in connection with acquisition | — | — | $22.5m | — | $52.9m | — | — | — | |
| Net cash (used in) provided by financing activities | $15.0m |
$10.4m
-30.97%
|
$264.4m
+2445.93%
|
($7.9m)
-102.98%
|
$6.5m
+182.31%
|
($129.4m)
-2094.91%
|
($143.9m)
-11.20%
|
— | |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | ($18.7m) | $22.1m | $188.3m | $46.2m | $42.3m | ($16.5m) | ($33.7m) | — | |
| Cash, cash equivalents, and restricted cash - Beginning of period | $11.3m | $33.4m | $221.7m | $267.9m | $310.3m | $293.7m | $260.0m | — | |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | $23k | $203k | ($200k) | ($784k) | $338k | ($1.9m) | $4.4m | ($930k) | |
| Additional Supplementary Disclosures | |||||||||
| Additional Supplementary Disclosures | |||||||||
| Non-cash lease expense | — | — | — | $7.3m | $6.7m | $7.2m | $7.9m | — | |
| Interest expense, net | ($119k) | ($12k) | $103k | $107k | $68k | $60k | $293k | — | |
| Loss on disposal of fixed assets | — | — | — | $1.4m | $5k | — | $101k | — | |
| Change in fair value of contingent consideration | ($1.1m) | ($949k) | $57k | — | ($1.2m) | — | — | — | |
| Acquisition of businesses, net of cash acquired | ($57.3m) | — | ($149.2m) | — | ($67.2m) | — | ($82.6m) | — | |
| Proceeds from revolving credit facility | — | — | — | — | $50.0m | — | — | — | |
| Payments to revolving credit facility | — | — | — | — | ($50.0m) | — | — | — | |
| Finance lease payments | — | ($1.4m) | ($1.9m) | ($1.9m) | ($2.3m) | ($2.5m) | ($4.6m) | — | |
| Shares repurchased under the Repurchase Program and New Repurchase Program | — | — | ($1.8m) | ($10.2m) | ($4.6m) | ($128.0m) | ($132.3m) | — | |
| Payment of excise tax on shares repurchased | — | — | — | — | — | — | ($668k) | — | |
| Shares repurchased for settlement of employee tax withholdings | — | — | — | ($10.2m) | ($4.6m) | ($5.8m) | ($9.8m) | — | |
| Cash paid for interest | $4.7m | $3.4m | $774k | $554k | $714k | $479k | $1.2m | — | |
| Liabilities for contingent consideration | — | — | — | — | $1.2m | — | — | — |