DV
DoubleVerify Holdings, Inc.
Is DV Halal?
Digital-advertising measurement and verification software — generally permissible activity whose known asset-based ratios pass, with activity classification incomplete.
What You Should Know
DoubleVerify's March 31, 2026 Form 10-Q reports assets of $1,274.407 million, finance-lease debt of $10.981 million, cash of $173.802 million, receivables of $222.559 million and quarterly revenue of $180.825 million. Debt/assets is 0.86%, liquidity/assets is 13.64%, receivables plus cash/assets is 31.10% and disclosed interest income is 0.54% of revenue. Known ratios pass, but customer content and end-use revenue are not reduced to a universal prohibited-revenue numerator.
⚠️ Concerns
- •Known asset-based ratios pass, but no universal prohibited-revenue numerator is disclosed
- •Advertiser content and brand-safety categories
- •Measurement for alcohol, gambling and entertainment campaigns
- •Disclosed interest income is 0.54% of quarterly revenue; no fixed purification percentage asserted
- •Data privacy, identity and ad-tech practices
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
10.981 / 1,274.407
173.802 / 1,274.407
396.361 / 1,274.407
0.968 / 180.825
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 0.86%, liquidity/assets is 13.64%, receivables-plus-cash/assets is 31.10% and interest income is 0.54%; known ratios pass, while activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios pass; this is not an index-membership claim and activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and income ratios pass; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored.
Business-activity disclosure
DoubleVerify provides advertising measurement, fraud detection, brand-safety and verification technology. The software activity is generally permissible, while advertiser content, alcohol, gambling, entertainment and other customer end uses are not universally quantified.
Limitation: The filing does not provide a universal prohibited-content or customer-activity revenue numerator; the activity conclusion remains qualitative.
Purification
DoubleVerify discloses interest income of $0.968 million, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from DoubleVerify's March 31, 2026 Form 10-Q.
- Finance-lease obligations total $10.981 million and are included; the undrawn $200 million revolving facility and operating leases are excluded.
- Cash and cash equivalents are $173.802 million; no separately identified interest-bearing securities balance is added.
- Trade receivables, net of allowances, are $222.559 million and first-quarter revenue is $180.825 million.
- The filing discloses $0.968 million of interest income; no fixed purification percentage is prescribed.
- Advertising measurement and verification software is generally permissible, but customer content and end-use revenue are not reduced to a universal prohibited-revenue numerator.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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