DoubleVerify Holdings Inc (DV)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	88,790	93,152	83,137	87,130	95,877	84,183	78,542	74,469	59,368	45,781	43,035	19,965	25,821	12,372	5,607	21,961	17,309	25,862	32,085
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
Pretax margin		13.52%	14.59%	13.57%	14.75%	16.75%	15.77%	15.64%	15.57%	13.12%	10.79%	10.89%	5.52%	7.76%	4.05%	1.98%	8.44%	7.10%	11.60%	15.40%

December 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $88,790K ÷ $656,849K
= 13.52%

DoubleVerify Holdings Inc has shown fluctuations in its pretax margin over the past several quarters. The pretax margin, which measures the company's profitability before taxes, was at 15.40% as of June 30, 2020, showing a healthy level of profitability. However, the margin declined to 11.60% by September 30, 2020, and further decreased to 7.10% by December 31, 2020.

The company's profitability continued to face challenges in the following quarters, with a pretax margin of 1.98% as of June 30, 2021. There was a slight improvement in profitability to 4.05% by September 30, 2021, and further to 7.76% by December 31, 2021. The trend continued with a slight decrease to 5.52% by March 31, 2022, followed by an increase to 10.89% by June 30, 2022.

From September 30, 2022, to December 31, 2024, the pretax margin remained relatively stable, ranging between 10.79% and 16.75%. The company managed to maintain profitability levels within this range over the mentioned period.

Overall, while DoubleVerify Holdings Inc experienced fluctuations in its pretax margin, the company exhibited resilience by maintaining profitability levels within a reasonable range in the later quarters of the period analyzed.