DoubleVerify Holdings Inc (DV)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Gross profit (ttm)	US$ in thousands	518,402	492,786	470,217	458,986	454,392	434,509	409,932	393,348	374,552	350,826	327,558	300,822	278,359	258,133	240,509	221,641	208,167	191,548	179,631
Revenue (ttm)	US$ in thousands	656,849	638,459	612,877	590,731	572,543	533,948	502,228	478,289	452,418	424,315	395,159	361,878	332,741	305,849	283,788	260,284	243,917	222,962	208,291
Gross profit margin		78.92%	77.18%	76.72%	77.70%	79.36%	81.38%	81.62%	82.24%	82.79%	82.68%	82.89%	83.13%	83.66%	84.40%	84.75%	85.15%	85.34%	85.91%	86.24%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $518,402K ÷ $656,849K
= 78.92%

DoubleVerify Holdings Inc's gross profit margin has shown a gradual decline over the analyzed period from June 30, 2020, to December 31, 2024. The company's gross profit margin started at a robust 86.24% in June 2020, gradually decreasing to 78.92% by December 2024.

The decline in gross profit margin indicates that DoubleVerify's cost of goods sold has been increasing relative to its revenue over time. This could be attributed to various factors such as rising production costs, pricing pressures, or inefficiencies in the manufacturing process.

Investors and analysts may view the decreasing gross profit margin as a concerning trend, as it may impact the company's overall profitability and financial health. It would be important for the company to closely monitor and address the factors contributing to this decline to ensure sustainable and profitable operations in the future.