DoubleVerify Holdings, Inc. (DV)

NYSECommunication ServicesSoftware - ApplicationSnapshot 2026-10-23

$13.55-0.07%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge DoubleVerify Holdings, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

+1.9%

+10% or more+5%0%−5%−10% or less

0.57 → 0.58 EPS · FY ending Dec 31, 2027 · 9 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 9 to 9; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
Quarter ending 2026-12-30
Revenue	—	224.41M
EPS	—	0.191
Annual ending 2026-12-31
Revenue	—	805.73M
EPS	—	0.447
Annual ending 2027-12-31
Revenue	—	873.73M
EPS	—	0.579

Management figures unavailable.

What the Thesis Depends On

4 published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Gross margin near 34%	A primary condition in DoubleVerify Holdings, Inc.'s published investment case. The stated target is ~34% gross margin.	Intact	Gross margin falls below 30% in FY26	Gross margin: 83.24% FY2026-Q2; GAAP. Published target: ~34% gross margin. Target period is not explicitly aligned with this observation. Source published Aug 7, 202683.237439 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Net income grows to at least $6.4 million quarterly	Operating income rose to $15.6 million in Q1 2026.	Intact	Net income falls below $4 million in any quarter	Net income: $12.918M FY2026-Q2; GAAP. Published target: >= $6.4 million net income. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 7, 202612,918,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: c8945fe5-e5ac-400d-b7d5-c69e0ae66612. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Net income rose from $6.4 million in 2026-Q1 to $12.9 million in 2026-Q2. Management consistently highlights net income growth alongside revenue and margin expansion, and the financials show delivering progress. Delivery assessment Oct 24, 2026
Operating income improves to at least $15.6 million quarterly	Operating income rose to $15.6 million in Q1 2026.	Intact	Operating income falls below $10 million in any quarter	Operating income: $23.025M FY2026-Q2; GAAP. Published target: >= $15.6 million operating income. The stored target says 2026-Q1; this source reports FY2026-Q2. Fiscal/calendar alignment needs review. Source published Aug 7, 202623,025,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: c8945fe5-e5ac-400d-b7d5-c69e0ae66612. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Revenue grows 8% to 10% annually	A primary condition in DoubleVerify Holdings, Inc.'s published investment case. The stated target is >=8% YoY revenue growth.	Broken	YoY revenue growth falls below 8% in FY26	Revenue: $193.789M FY2026-Q2; GAAP. Published target: >=8% YoY revenue growth. Target and observation units differ. Source published Aug 7, 2026193,789,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: c8945fe5-e5ac-400d-b7d5-c69e0ae66612. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Stated as a priority in 4 of last 4 quarters. Revenue grew from $165.1 million in 2026-Q1 to $193.8 million in 2026-Q2 (+7%), with full year 2025 revenue up 14% to $748.3 million. Management consistently emphasizes durable growth driven by product innovation and market expansion, and the trajectory is delivering. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$0.58

$0.61 → $0.58 · observed estimates

FY2027 revenue$0.87B

$0.90B → $0.87B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$0.61	$897,684,925	9 / 13
2026-07-25	$1.23	$896,383,360	8 / 16
2026-07-26	$1.23	$896,383,360	8 / 16
2026-07-27	$1.23	$896,383,360	8 / 16
2026-07-28	$1.23	$896,383,360	8 / 16
2026-07-29	$1.23	$896,383,360	8 / 16
2026-07-30	$0.61	$897,684,925	9 / 13
2026-07-31	$0.61	$897,684,925	9 / 13
2026-08-01	$0.61	$897,684,925	9 / 13
2026-08-02	$1.23	$896,383,360	8 / 16
2026-08-03	$1.23	$896,383,360	8 / 16
2026-08-04	$1.23	$896,383,360	8 / 16
2026-08-05	$1.23	$896,383,360	8 / 16
2026-08-06	$0.61	$897,684,925	9 / 13
2026-08-07	$0.61	$897,684,927	9 / 13
2026-08-08	$1.20	$881,253,180	8 / 16
2026-08-09	$1.20	$881,253,180	8 / 16
2026-08-10	$1.20	$881,253,180	8 / 16
2026-08-11	$0.61	$897,684,927	9 / 13
2026-08-12	$1.18	$874,416,620	8 / 16
2026-08-13	$1.18	$874,416,620	8 / 16
2026-08-14	$0.61	$897,684,927	9 / 13
2026-08-15	$0.61	$897,684,927	9 / 13
2026-08-16	$0.61	$897,684,927	9 / 13
2026-08-17	$0.61	$897,684,927	9 / 13
2026-08-18	$0.61	$897,684,927	9 / 13
2026-08-19	$0.61	$897,684,927	9 / 13
2026-08-20	$0.58	$877,075,884	9 / 13
2026-08-21	$0.58	$877,073,222	9 / 13
2026-08-22	$0.57	$876,509,550	9 / 13
2026-08-23	$0.57	$876,509,550	9 / 13
2026-08-24	$0.57	$876,509,550	9 / 13
2026-08-25	$0.57	$876,509,550	9 / 13
2026-08-26	$0.57	$876,509,550	9 / 13
2026-08-27	$0.57	$876,509,550	9 / 13
2026-08-28	$0.57	$876,509,550	9 / 13
2026-08-29	$0.57	$876,509,550	9 / 13
2026-08-30	$0.57	$876,509,550	9 / 13
2026-08-31	$0.57	$876,509,550	9 / 13
2026-09-01	$0.57	$876,509,550	9 / 13
2026-09-02	$0.57	$876,509,550	9 / 13
2026-09-03	$0.57	$876,509,550	9 / 13
2026-09-04	$0.57	$876,421,877	9 / 13
2026-09-05	$0.57	$876,421,877	9 / 13
2026-09-06	$0.57	$876,421,877	9 / 13
2026-09-07	$0.57	$876,421,877	9 / 13
2026-09-08	$0.57	$876,421,877	9 / 13
2026-09-09	$0.57	$876,421,877	9 / 13
2026-09-10	$0.57	$876,421,877	9 / 13
2026-09-11	$0.57	$876,421,877	9 / 13
2026-09-12	$0.57	$876,421,877	9 / 13
2026-09-13	$0.57	$876,421,877	9 / 13
2026-09-14	$0.57	$876,421,877	9 / 13
2026-09-15	$0.57	$876,421,877	9 / 13
2026-09-16	$0.57	$876,421,877	9 / 13
2026-09-17	$0.57	$876,421,877	9 / 13
2026-09-18	$0.57	$876,421,877	9 / 13
2026-09-19	$0.57	$876,421,877	9 / 13
2026-09-20	$0.57	$876,421,877	9 / 13
2026-09-21	$0.57	$876,421,877	9 / 13
2026-09-22	$0.57	$876,421,877	9 / 13
2026-09-23	$0.57	$876,421,877	9 / 13
2026-09-24	$0.57	$876,421,877	9 / 13
2026-09-25	$0.57	$876,421,877	9 / 13
2026-09-26	$0.57	$876,421,877	9 / 13
2026-09-27	$0.57	$876,421,877	9 / 13
2026-09-28	$0.57	$876,421,877	9 / 13
2026-09-29	$0.57	$876,421,877	9 / 13
2026-09-30	$0.57	$876,421,877	9 / 13
2026-10-01	$0.57	$876,421,877	9 / 13
2026-10-02	$0.58	$873,698,244	9 / 13
2026-10-03	$0.58	$873,698,244	9 / 13
2026-10-04	$0.58	$873,698,244	9 / 13
2026-10-05	$0.58	$873,698,244	9 / 13
2026-10-06	$0.58	$873,698,244	9 / 13
2026-10-07	$0.58	$873,698,244	9 / 13
2026-10-08	$0.58	$873,698,244	9 / 13
2026-10-09	$0.58	$873,698,244	9 / 13
2026-10-10	$0.58	$873,698,244	9 / 13
2026-10-11	$0.58	$873,698,244	9 / 13
2026-10-12	$0.58	$873,698,244	9 / 13
2026-10-13	$0.58	$873,727,525	9 / 13
2026-10-14	$0.58	$873,727,525	9 / 13
2026-10-15	$0.58	$873,727,525	9 / 13
2026-10-16	$0.58	$873,727,525	9 / 13
2026-10-17	$0.58	$873,727,525	9 / 13
2026-10-18	$0.58	$873,727,525	9 / 13
2026-10-19	$0.58	$873,727,525	9 / 13
2026-10-20	$0.58	$873,727,525	9 / 13
2026-10-21	$0.58	$873,727,525	9 / 13
2026-10-22	$0.58	$873,727,525	9 / 13
2026-10-23	$0.58	$873,727,525	9 / 13
2026-10-24	$0.58	$873,727,525	9 / 13

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	11	8	1
2026-06-01	11	8	1
2026-07-01	10	7	1
2026-08-01	10	15	1
2026-09-01	10	15	1
2026-10-01	0	15	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 0 Buy / Strong Buy · 15 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Gross margin near 34%Gross margin: 83.24%
Net income grows to at least $6.4 million quarterlyNet income: $12.918M
Operating income improves to at least $15.6 million quarterlyOperating income: $23.025M
Revenue grows 8% to 10% annuallyPublished status: Broken

Next proof point

Nov 6, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

4 of 4 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.3%Typical daily move · historical

Downside history

-29.0%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

DoubleVerify Holdings, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

DV is a growth and profitability story, with robust earnings quality and stable management. Its multi-year view is intact, and recent financial performance is strong, but the sector backdrop is a headwind and the stock is expensive versus peers.

What's priced into DoubleVerify Holdings, Inc.

The valuation is expensive versus peers, with a 1.16 peer premium, while the expectations gap is broadly aligned. The priced-in signal is tagged as justified, with low fragility, so current expectations appear supported by the evidence rather than clearly stretched.

What the fundamentals likely do

Near-term results show progress: second-quarter revenue rose 7% from the first quarter, operating income increased, and adjusted EBITDA margin improved from 31% to 34%. Management has kept revenue growth, profitability, and net income as priorities, and the reported results are on track; however, the evidence flags recent peer misses and a possible guidance cut as risks.

What DoubleVerify Holdings, Inc. hinges on

The multi-year thesis hinges on management sustaining revenue growth and margin gains, including through product innovation and market expansion. Near-term guidance is a key swing factor, while rate cuts and continued earnings strength from sector bellwethers could improve the sector backdrop.