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Side-by-side financial comparison of DoubleVerify Holdings, Inc. (DV) and Indivior Pharmaceuticals, Inc. (INDV). Click either name above to swap in a different company.

Indivior Pharmaceuticals, Inc. is the larger business by last-quarter revenue ($357.0M vs $205.6M, roughly 1.7× DoubleVerify Holdings, Inc.). Indivior Pharmaceuticals, Inc. runs the higher net margin — 28.9% vs 14.3%, a 14.6% gap on every dollar of revenue. DoubleVerify Holdings, Inc. produced more free cash flow last quarter ($62.1M vs $-245.0M).

Double Vision is a Malaysian production studio. Established in 1985, it has production hubs in Malaysia and Indonesia. Double Vision produces over 1,400 hours of television programming per year in various languages and genres for the regional market. It also houses international entertainment TV network, Channel [V], in its studios.

Indivior is a global specialty pharmaceutical company dedicated to developing and commercializing evidence-based treatments for substance use disorders such as opioid use disorder and alcohol dependence, as well as related mental health conditions. Its primary operating markets are North America and Europe, with a portfolio of approved therapies targeting unmet medical needs for underserved patient groups.

DV vs INDV — Head-to-Head

Bigger by revenue
INDV
INDV
1.7× larger
INDV
$357.0M
$205.6M
DV
Higher net margin
INDV
INDV
14.6% more per $
INDV
28.9%
14.3%
DV
More free cash flow
DV
DV
$307.1M more FCF
DV
$62.1M
$-245.0M
INDV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DV
DV
INDV
INDV
Revenue
$205.6M
$357.0M
Net Profit
$29.3M
$103.0M
Gross Margin
82.5%
82.1%
Operating Margin
18.4%
22.7%
Net Margin
14.3%
28.9%
Revenue YoY
7.9%
Net Profit YoY
25.3%
390.5%
EPS (diluted)
$0.18
$0.79

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DV
DV
INDV
INDV
Q4 25
$205.6M
$357.0M
Q3 25
$188.6M
$314.0M
Q2 25
$189.0M
$302.0M
Q1 25
$165.1M
$266.0M
Q4 24
$190.6M
Q3 24
$169.6M
$307.0M
Q2 24
$155.9M
$299.0M
Q1 24
$140.8M
Net Profit
DV
DV
INDV
INDV
Q4 25
$29.3M
$103.0M
Q3 25
$10.2M
$42.0M
Q2 25
$8.8M
$18.0M
Q1 25
$2.4M
$47.0M
Q4 24
$23.4M
Q3 24
$18.2M
$22.0M
Q2 24
$7.5M
$-97.0M
Q1 24
$7.2M
Gross Margin
DV
DV
INDV
INDV
Q4 25
82.5%
82.1%
Q3 25
82.3%
73.2%
Q2 25
82.5%
82.8%
Q1 25
81.2%
83.1%
Q4 24
82.0%
Q3 24
82.6%
78.5%
Q2 24
83.3%
73.6%
Q1 24
81.1%
Operating Margin
DV
DV
INDV
INDV
Q4 25
18.4%
22.7%
Q3 25
11.2%
13.7%
Q2 25
7.2%
23.8%
Q1 25
4.1%
24.8%
Q4 24
20.3%
Q3 24
15.2%
11.4%
Q2 24
7.1%
-39.5%
Q1 24
4.9%
Net Margin
DV
DV
INDV
INDV
Q4 25
14.3%
28.9%
Q3 25
5.4%
13.4%
Q2 25
4.6%
6.0%
Q1 25
1.4%
17.7%
Q4 24
12.3%
Q3 24
10.7%
7.2%
Q2 24
4.8%
-32.4%
Q1 24
5.1%
EPS (diluted)
DV
DV
INDV
INDV
Q4 25
$0.18
$0.79
Q3 25
$0.06
$0.33
Q2 25
$0.05
$0.14
Q1 25
$0.01
$0.38
Q4 24
$0.14
Q3 24
$0.10
$0.16
Q2 24
$0.04
$-0.72
Q1 24
$0.04

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DV
DV
INDV
INDV
Cash + ST InvestmentsLiquidity on hand
$259.0M
$195.0M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$-98.0M
Total Assets
$1.4B
$1.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DV
DV
INDV
INDV
Q4 25
$259.0M
$195.0M
Q3 25
$200.7M
$445.0M
Q2 25
$216.8M
$510.0M
Q1 25
$174.3M
$373.0M
Q4 24
$310.6M
Q3 24
$362.6M
Q2 24
$338.8M
Q1 24
$334.3M
Stockholders' Equity
DV
DV
INDV
INDV
Q4 25
$1.1B
$-98.0M
Q3 25
$1.1B
$-207.0M
Q2 25
$1.1B
$-257.0M
Q1 25
$1.0B
$-285.0M
Q4 24
$1.1B
Q3 24
$1.1B
$-310.0M
Q2 24
$1.1B
$-281.0M
Q1 24
$1.1B
Total Assets
DV
DV
INDV
INDV
Q4 25
$1.4B
$1.2B
Q3 25
$1.3B
$1.4B
Q2 25
$1.3B
$1.5B
Q1 25
$1.2B
$1.4B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 24
$1.3B
Q1 24
$1.3B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DV
DV
INDV
INDV
Operating Cash FlowLast quarter
$72.7M
$-221.0M
Free Cash FlowOCF − Capex
$62.1M
$-245.0M
FCF MarginFCF / Revenue
30.2%
-68.6%
Capex IntensityCapex / Revenue
5.1%
6.7%
Cash ConversionOCF / Net Profit
2.48×
-2.15×
TTM Free Cash FlowTrailing 4 quarters
$172.7M
$-93.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DV
DV
INDV
INDV
Q4 25
$72.7M
$-221.0M
Q3 25
$51.2M
$-39.0M
Q2 25
$49.6M
$158.0M
Q1 25
$37.7M
$75.0M
Q4 24
$37.4M
Q3 24
$54.6M
$2.0M
Q2 24
$35.9M
$88.0M
Q1 24
$31.8M
Free Cash Flow
DV
DV
INDV
INDV
Q4 25
$62.1M
$-245.0M
Q3 25
$39.0M
$-59.0M
Q2 25
$40.1M
$141.0M
Q1 25
$31.4M
$70.0M
Q4 24
$30.0M
Q3 24
$48.4M
$-5.0M
Q2 24
$28.7M
$84.0M
Q1 24
$25.4M
FCF Margin
DV
DV
INDV
INDV
Q4 25
30.2%
-68.6%
Q3 25
20.7%
-18.8%
Q2 25
21.2%
46.7%
Q1 25
19.0%
26.3%
Q4 24
15.8%
Q3 24
28.5%
-1.6%
Q2 24
18.4%
28.1%
Q1 24
18.0%
Capex Intensity
DV
DV
INDV
INDV
Q4 25
5.1%
6.7%
Q3 25
6.4%
6.4%
Q2 25
5.0%
5.6%
Q1 25
3.8%
1.9%
Q4 24
3.9%
Q3 24
3.7%
2.3%
Q2 24
4.6%
1.3%
Q1 24
4.5%
Cash Conversion
DV
DV
INDV
INDV
Q4 25
2.48×
-2.15×
Q3 25
5.02×
-0.93×
Q2 25
5.66×
8.78×
Q1 25
15.95×
1.60×
Q4 24
1.60×
Q3 24
3.00×
0.09×
Q2 24
4.80×
Q1 24
4.44×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DV
DV

Activation$116.5M57%
Measurement$69.6M34%
Supply Side$19.5M9%

INDV
INDV

Sublocade$233.0M65%
Sublingual And Other$69.0M19%
Other$49.0M14%
Perseris$6.0M2%

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