DoubleVerify (DV) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose 9% YoY to $205.6M; operating income increased 34% to $28.3M and net income rose 56% to $15.9M. Adjusted EBITDA was $75.4M at a 37% margin.

• Growth reflected higher measured ad volumes and adoption of Social, CTV and Scibids AI solutions; measured transaction fees declined 2% in Q3.

• Stockholders approved the $13.60-per-share cash merger on October 29, with ~94% of votes cast in favor; closing remains subject to conditions and regulatory approvals.

Financial highlights

• Q3 revenue was $205.6M vs. $188.6M YoY; 9M revenue was $580.3M vs. $542.7M, up 7%.

• Q3 operating income was $28.3M vs. $21.1M; 9M operating income was $67.0M vs. $41.4M.

• Q3 net income was $15.9M vs. $10.2M; 9M net income was $35.3M vs. $21.3M. Diluted EPS was $0.10 and $0.22, respectively, vs. $0.06 and $0.13.

• Q3 free cash flow was $45.7M vs. $39.0M; 9M free cash flow was $105.0M vs. $110.5M.

• 9M operating cash flow was $136.4M; cash and cash equivalents totaled $250.9M at September 30, 2026.

Outlook and guidance

• Previously issued financial outlook and guidance were withdrawn for the duration of the pending transaction; future updates will come through press releases and regulatory filings.

• Merger closing was expected by Q1 2027; the agreement deadline is May 6, 2027, with an automatic extension to August 6, 2027 if specified conditions are met.

• Remaining performance obligations were $38.2M at September 30, 2026, expected to be recognized over the next one to three years; primarily related to supply-side arrangements.

• Existing cash, operating cash generation and the undrawn $200.0M revolving facility were expected to fund working capital, capital expenditures, repurchases and acquisitions, subject to merger-agreement restrictions.