DoubleVerify Holdings Inc (DV)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	95,843	84,149	78,542	74,459	59,358	45,771	43,055	19,997	25,860
Revenue (ttm)	US$ in thousands	571,983	533,023	501,366	476,373	450,505	423,463	394,017	361,473	332,256
Pretax margin		16.76%	15.79%	15.67%	15.63%	13.18%	10.81%	10.93%	5.53%	7.78%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $95,843K ÷ $571,983K
= 16.76%

DoubleVerify Holdings Inc has shown a consistent improvement in its pretax margin over the quarters, indicating efficient management of operating expenses and higher profitability before taxes. The pretax margin increased from 5.52% in Q1 2022 to 16.75% in Q4 2023. This upward trend suggests improving operational efficiency and cost control measures implemented by the company. The company's ability to generate higher earnings before taxes for each dollar of revenue has been steadily increasing, reflecting positively on its overall financial performance.