Activation was DoubleVerify Holdings’s largest revenue line in fiscal 2025, bringing in $427.31M of $748.29M (57%).
| Customer | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Activation | $251.20M | $328.94M | $373.10M | $427.31M | |||
| Measurement | $157.91M | $198.02M | $226.94M | $249.72M | |||
| Advertiser - Direct | — | — | — | — | |||
| Advertiser - Programmatic | — | — | — | — | |||
| Supply-Side | $43.31M | $45.58M | $56.81M | $71.26M | |||
| Supply-Side Customer | — | — | — | — | |||
| Supply - Side Customer | — | — | — | — | |||
| Total | $452.42M | $572.54M | $656.85M | $748.29M |
DoubleVerify Holdings brought in $748.29M from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 13.9% from $656.85M in fiscal 2024. Activation was the largest at $427.31M (57.1%), ahead of Measurement at $249.72M (33.4%) and Supply-Side at $71.26M (9.5%).
Compared with fiscal 2024, Supply-Side grew fastest, up 25.4% to $71.26M. Every revenue line above 2% of revenue grew. From fiscal 2022 to 2025, combined revenue from these revenue lines grew from $452.42M to $748.29M, a compound annual growth rate of 18.3%. Activation's share of the total rose from 55.5% to 57.1%.
DoubleVerify Holdings (DV) reports its revenue by customer. In fiscal 2025, Activation was its largest revenue line, bringing in $427.31M (57.1% of the total), followed by Measurement at $249.72M (33.4%).
Activation was DoubleVerify Holdings' largest revenue line in fiscal 2025, bringing in $427.31M, or 57.1% of the $748.29M total across its three revenue lines.
Among DoubleVerify Holdings' revenue lines that make up at least 2% of revenue, Supply-Side grew fastest in fiscal 2025, up 25.4% from $56.81M to $71.26M.
Every figure comes from DoubleVerify Holdings' annual financial filings, as reported. Each line keeps the name DoubleVerify Holdings gives it, and years follow its fiscal calendar.
DoubleVerify Holdings' revenue by customer goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.