DoubleVerify Holdings Inc (DV)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating income	US$ in thousands	85,727	59,024	26,684
Revenue	US$ in thousands	572,598	450,433	332,738
Operating profit margin		14.97%	13.10%	8.02%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $85,727K ÷ $572,598K
= 14.97%

The operating profit margin of DoubleVerify Holdings Inc has shown a positive trend over the past three years. It increased from 8.02% in 2021 to 13.05% in 2022 and further improved to 14.97% in 2023. This indicates that the company has been able to effectively control its operating expenses and generate more profit from its core operations. The consistent growth in operating profit margin signifies the company's improved operational efficiency and could be a positive signal for its overall financial health and performance.