DoubleVerify Holdings, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Property, Plant and Equipment

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2025

6. Property, Plant and Equipment

Property, plant and equipment, including equipment under finance lease obligations and capitalized software development costs, consisted of the following:


	As of
(in thousands)	March 31, 2025		December 31, 2024
Computers and peripheral equipment	$	41,572	$	27,552
Office furniture and equipment		5,219		4,943
Leasehold improvements		37,220		36,757
Capitalized software development costs		61,154		55,131
Less accumulated depreciation and amortization		(59,171)		(54,188)
Total property, plant and equipment, net	$	85,994	$	70,195

For the three months ended March 31, 2025 and March 31, 2024, total depreciation expense was $5.2 million and $3.6 million, respectively.

Property and equipment under finance lease obligations, consisting of computer equipment, totaled $31.6 million and $17.8 million as of March 31, 2025 and December 31, 2024, respectively. As of March 31, 2025 and December 31, 2024, accumulated depreciation related to property and equipment under finance lease obligations totaled $16.0 million and $15.0 million, respectively. Refer to Note 7 for further information.

There were no impairments of Property, plant and equipment identified during the three months ended March 31, 2025 and March 31, 2024.