DoubleVerify Holdings Inc (DV)

Net profit margin

		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
Net income (ttm)	US$ in thousands	71,466	56,429	53,413	50,864	43,268	53,508	51,101	28,243	29,308
Revenue (ttm)	US$ in thousands	571,983	533,023	501,366	476,373	450,505	423,463	394,017	361,473	332,256
Net profit margin		12.49%	10.59%	10.65%	10.68%	9.60%	12.64%	12.97%	7.81%	8.82%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $71,466K ÷ $571,983K
= 12.49%

The net profit margin of DoubleVerify Holdings Inc has shown fluctuations over the past eight quarters. In Q4 2023, the net profit margin stood at 12.48%, a slight increase compared to the previous quarter's figure of 10.57%. This improvement indicates that the company was able to convert a higher percentage of its revenues into profits during this period.

Looking at a longer trend, the net profit margin has generally been above 10% for the past two years, indicating a consistent profitability level for the company. However, there have been instances of variability, such as the dip to 7.80% in Q1 2022, which may require further investigation into the factors influencing profitability during that period.

Overall, DoubleVerify Holdings Inc has maintained relatively healthy net profit margins, which is a positive indicator of its ability to efficiently manage costs and generate profits from its operations. Analyzing the trend over time can provide valuable insights into the company's financial performance and potential areas for improvement.