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

DoubleVerify Holdings, Inc. is the larger business by last-quarter revenue ($180.8M vs $92.0M, roughly 2.0× Liquidia Corp). Liquidia Corp runs the higher net margin — 15.8% vs 3.5%, a 12.3% gap on every dollar of revenue. On growth, Liquidia Corp posted the faster year-over-year revenue change (3054.6% vs 9.6%). Liquidia Corp produced more free cash flow last quarter ($42.2M vs $-6.4M).

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.

Liquidia Corp is a late-stage biopharmaceutical firm focused on developing and commercializing innovative inhaled therapies for respiratory and rare diseases. It uses its proprietary PRINT particle engineering tech to create optimized drug products, with core markets in North America covering pulmonary arterial hypertension and asthma indications.

DV vs LQDA — Head-to-Head

Bigger by revenue
DV
DV
2.0× larger
DV
$180.8M
$92.0M
LQDA
Growing faster (revenue YoY)
LQDA
LQDA
+3045.1% gap
LQDA
3054.6%
9.6%
DV
Higher net margin
LQDA
LQDA
12.3% more per $
LQDA
15.8%
3.5%
DV
More free cash flow
LQDA
LQDA
$48.6M more FCF
LQDA
$42.2M
$-6.4M
DV

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
DV
DV
LQDA
LQDA
Revenue
$180.8M
$92.0M
Net Profit
$6.4M
$14.6M
Gross Margin
Operating Margin
8.6%
21.5%
Net Margin
3.5%
15.8%
Revenue YoY
9.6%
3054.6%
Net Profit YoY
171.5%
137.9%
EPS (diluted)
$0.04
$0.18

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
LQDA
LQDA
Q1 26
$180.8M
Q4 25
$205.6M
$92.0M
Q3 25
$188.6M
$54.3M
Q2 25
$189.0M
Q1 25
$165.1M
Q4 24
$190.6M
Q3 24
$169.6M
Q2 24
$155.9M
Net Profit
DV
DV
LQDA
LQDA
Q1 26
$6.4M
Q4 25
$29.3M
$14.6M
Q3 25
$10.2M
$-3.5M
Q2 25
$8.8M
Q1 25
$2.4M
Q4 24
$23.4M
Q3 24
$18.2M
Q2 24
$7.5M
Gross Margin
DV
DV
LQDA
LQDA
Q1 26
Q4 25
82.5%
Q3 25
82.3%
Q2 25
82.5%
Q1 25
81.2%
Q4 24
82.0%
Q3 24
82.6%
Q2 24
83.3%
Operating Margin
DV
DV
LQDA
LQDA
Q1 26
8.6%
Q4 25
18.4%
21.5%
Q3 25
11.2%
3.3%
Q2 25
7.2%
Q1 25
4.1%
Q4 24
20.3%
Q3 24
15.2%
Q2 24
7.1%
Net Margin
DV
DV
LQDA
LQDA
Q1 26
3.5%
Q4 25
14.3%
15.8%
Q3 25
5.4%
-6.5%
Q2 25
4.6%
Q1 25
1.4%
Q4 24
12.3%
Q3 24
10.7%
Q2 24
4.8%
EPS (diluted)
DV
DV
LQDA
LQDA
Q1 26
$0.04
Q4 25
$0.18
$0.18
Q3 25
$0.06
$-0.04
Q2 25
$0.05
Q1 25
$0.01
Q4 24
$0.14
Q3 24
$0.10
Q2 24
$0.04

Balance Sheet & Financial Strength

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

Metric
DV
DV
LQDA
LQDA
Cash + ST InvestmentsLiquidity on hand
$173.8M
$190.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.1B
$44.7M
Total Assets
$1.3B
$327.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DV
DV
LQDA
LQDA
Q1 26
$173.8M
Q4 25
$259.0M
$190.7M
Q3 25
$200.7M
$157.5M
Q2 25
$216.8M
Q1 25
$174.3M
Q4 24
$310.6M
Q3 24
$362.6M
Q2 24
$338.8M
Stockholders' Equity
DV
DV
LQDA
LQDA
Q1 26
$1.1B
Q4 25
$1.1B
$44.7M
Q3 25
$1.1B
$22.1M
Q2 25
$1.1B
Q1 25
$1.0B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Total Assets
DV
DV
LQDA
LQDA
Q1 26
$1.3B
Q4 25
$1.4B
$327.9M
Q3 25
$1.3B
$276.0M
Q2 25
$1.3B
Q1 25
$1.2B
Q4 24
$1.3B
Q3 24
$1.3B
Q2 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
LQDA
LQDA
Operating Cash FlowLast quarter
$4.2M
$44.2M
Free Cash FlowOCF − Capex
$-6.4M
$42.2M
FCF MarginFCF / Revenue
-3.5%
45.9%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
0.65×
3.04×
TTM Free Cash FlowTrailing 4 quarters
$134.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DV
DV
LQDA
LQDA
Q1 26
$4.2M
Q4 25
$72.7M
$44.2M
Q3 25
$51.2M
$-9.8M
Q2 25
$49.6M
Q1 25
$37.7M
Q4 24
$37.4M
Q3 24
$54.6M
Q2 24
$35.9M
Free Cash Flow
DV
DV
LQDA
LQDA
Q1 26
$-6.4M
Q4 25
$62.1M
$42.2M
Q3 25
$39.0M
$-10.7M
Q2 25
$40.1M
Q1 25
$31.4M
Q4 24
$30.0M
Q3 24
$48.4M
Q2 24
$28.7M
FCF Margin
DV
DV
LQDA
LQDA
Q1 26
-3.5%
Q4 25
30.2%
45.9%
Q3 25
20.7%
-19.7%
Q2 25
21.2%
Q1 25
19.0%
Q4 24
15.8%
Q3 24
28.5%
Q2 24
18.4%
Capex Intensity
DV
DV
LQDA
LQDA
Q1 26
Q4 25
5.1%
2.2%
Q3 25
6.4%
1.7%
Q2 25
5.0%
Q1 25
3.8%
Q4 24
3.9%
Q3 24
3.7%
Q2 24
4.6%
Cash Conversion
DV
DV
LQDA
LQDA
Q1 26
0.65×
Q4 25
2.48×
3.04×
Q3 25
5.02×
Q2 25
5.66×
Q1 25
15.95×
Q4 24
1.60×
Q3 24
3.00×
Q2 24
4.80×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DV
DV

Activation$100.5M56%
Measurement$61.8M34%
Supply-side$18.5M10%

LQDA
LQDA

Segment breakdown not available.

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