DoubleVerify Holdings, Inc.

DVNYSETechnology● Active

$10.22

$-0.04(-0.34%)

Market Cap$1.6B

P/E Ratio—

52W High$16.82

52W Low$7.64

Avg Volume2.9M

Open$10.26

Beta0.99

Free Cash Flow Financials Revenue

DoubleVerify Holdings, Inc. (DV) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DV · free cash flow · updated Jun 8, 2026

Core FCF metrics

DV · FCF · TTM · margin & CAGR

Free cash flow was $172.7M for FY2025 (fiscal year ending 2025-12-31), up 30.3% year-over-year The FCF margin was 23.1%. Five-year CAGR stands at +73.8%.

FY2025 Free Cash Flow$172.7M▲ +30.3% YoY

Trailing 12M (TTM)$134.9Mtrailing 4 quarters sum

FCF Margin23.1%$172.7M ÷ revenue

3-Year CAGR+46.5%FY2022 → FY2025

5-Year CAGR+73.8%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DV · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$211.2M(39M)$172.7M▲ +30.3%23.1%

FY2024$159.7M(27M)$132.5M▲ +29.0%20.2%

FY2023$119.7M(17M)$102.7M▲ +87.2%17.9%

FY2022$94.9M(40M)$54.9M▼ 25.2%12.1%

FY2021$82.7M(9M)$73.4M▲ +573.7%22.0%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DV · P/FCF · FCF yield · FCF per share

DoubleVerify Holdings, Inc. (DV) trades at a FCF yield of 8.58% and a price-to-free-cash-flow ratio of 12.3x. FCF per share stands at $0.83, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

8.58%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$0.83

TTM FCF ÷ Shares Outstanding

Price / FCF

x12.3

Share Price ÷ FCF per Share

EV / FCF (TTM)

x11.1

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DV · cash flow statement · operating / investing / financing

For FY2025, DoubleVerify Holdings, Inc. generated $211.2M in operating cash flow and spent 39M in capital expenditures, yielding $172.7M in free cash flow.

Operating Activities

+$211.2M

Cash from core business operations

2025-12-31

Investing Activities

−$105.4M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$143.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($211.2M) − |CapEx| (39M) = FCF ($172.7M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

DV vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

DoubleVerify Holdings, Inc.YOU

$172.7M+30.3%23.1%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

DoubleVerify Holdings, Inc. (DV) reported free cash flow of $172.7M for FY2025 (fiscal year ending 2025-12-31), up 30.3% year-over-year. The FCF margin was 23.1%.

Based on available data, DoubleVerify Holdings, Inc. has maintained positive free cash flow for at least 8 fiscal year(s). FCF peaked at $172.7M in FY2025. The 5-year CAGR stands at +73.8%.

DoubleVerify Holdings, Inc.'s FCF yield is 8.58% and price-to-FCF ratio is 12.3x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DV free cash flow · 8 questions

DoubleVerify Holdings, Inc. free cash flow was $172.7M for FY2025, up 30.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $134.9M.

DV free cash flowDV FCFDV FCF 2025DV free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · DoubleVerify Holdings, Inc. · DoubleVerify Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026