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DoubleVerify

Sell sideDV

DoubleVerify brought in $750M of revenue in fiscal 2025, growing 25% a year over five years at a 11% operating margin.

$750Mrevenue, FY2025
+25%growth a year, 5 years
11%operating margin

Revenue and margin

2019: $183M20192020: $244M2021: $333M20212022: $452M2023: $573M20232024: $657M2025: $748M202510.6%

Bars: revenue, $B (10-K). Line: operating margin.

What they told investors

“And third, we are digging into the massive potential ad market on LLM chatbots where many of our current advertisers are beginning to deploy their marketing dollars, yet have had little in the way of transparency and independent measurement.”Mark Zagorski · 2026 Q1 · transcript
“This is a problem we estimate impacts roughly 15% of CTV impressions and waste over $1 billion of media spend each quarter, eroding trust as well as ROI.”Mark Zagorski · 2025 Q3 · transcript
“On TikTok, we expanded our video exclusion list by 100x, significantly enhancing advertisers' ability to proactively avoid unsuitable content and reducing their rate of unsuitable content by 1/3.”Mark Zagorski · 2025 Q3 · transcript
“We already work with nearly half of the world's top 1,000 advertisers, yet our revenue contribution represents less than 0.5% of their total media spend, demonstrating the significant runway for growth within our existing customer base.”Mark S. Zagorski · 2024 Q4 · transcript
“it plays out our evolutionary story of being an end-to-end measurement solution that also addresses performance and outcomes”Mark S. Zagorski · 2024 Q4 · transcript