DoubleVerify Holdings Inc (DV)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	540,334	465,912	374,552	278,359	208,167
Revenue	US$ in thousands	656,849	572,543	452,418	332,741	243,917
Gross profit margin		82.26%	81.38%	82.79%	83.66%	85.34%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $540,334K ÷ $656,849K
= 82.26%

Based on the data provided, DoubleVerify Holdings Inc's gross profit margin has shown a gradual decline from 85.34% as of December 31, 2020, to 82.26% as of December 31, 2024. This downward trend indicates that the company's cost of goods sold relative to its revenue has been increasing over the years. While a gross profit margin above 80% is generally considered healthy, the decreasing trend may suggest potential challenges in managing production or procurement costs. It is essential for the company to closely monitor and potentially optimize its cost structure to maintain or improve its profitability in the future.