Arohi’s Exit: A Software Saga

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Arohi’s Exit: A Software Saga

It appears Arohi Asset Management, those keen observers of the financial menagerie, have decided to abandon ship – or, more precisely, to divest themselves of 1,717,770 shares of DoubleVerify (NYSE: DV). A tidy sum, approximately $20.58 million, vanished from their portfolio in the last quarter. One might say they’ve traded digital verification for cold, hard cash. A perfectly rational decision, wouldn’t you agree? Especially when dealing with the ephemeral world of software and the fluctuating whims of the market.

The arithmetic is simple, yet telling. A complete exit, leaving Arohi with a stake of precisely 0% in this particular venture. It’s like a magician making a company disappear, only instead of a rabbit, it’s millions of dollars. Their current affections, if one can call them that, lie with GLBE ($148.60 million, a substantial 44.6% of their assets), SE ($144.38 million, or 43%), and a smattering of others – TEAM, AMZN, TOST – a portfolio diversified enough to withstand, perhaps, a slight digital apocalypse.

DoubleVerify itself, alas, is not faring so splendidly. Shares have plummeted a disheartening 58.5% over the past year, lagging the S&P 500 by a considerable 70.74 percentage points. A performance that would make even the most stoic investor reach for a stiff drink. Currently trading at $9.58, it seems the market has decided that verifying digital media is, at present, a less lucrative endeavor than, say, collecting antique thimbles.

A Brief Accounting

Metric Value
Price (as of market close 2/18/26) $9.58
Market Capitalization $1.57 billion
Revenue (TTM) $733.32 million
Net Income (TTM) $44.72 million

DoubleVerify, for the uninitiated, offers a platform for measuring the veracity of digital media – ensuring ads aren’t shown alongside unsavory content, and that those clicks aren’t the work of mischievous bots. They cater to a global clientele, from advertisers to publishers, offering a service that, in theory, is as essential as a good alibi. Founded in 2008, they’ve integrated themselves into the very fabric of the digital advertising ecosystem, a complex and often opaque world.

The Meaning of It All

One suspects Arohi’s departure is less about a fundamental flaw in DoubleVerify’s technology and more about a growing unease with the SaaS (Software-as-a-Service) model itself. The whispers are growing louder: the rise of artificial intelligence, the ease with which businesses can now build custom applications, and the looming threat of subscription fatigue. It’s a brave new world, and Arohi, it seems, prefers to navigate it with a full wallet and a healthy dose of skepticism.

The company’s upcoming fourth-quarter results (due after market close on February 26, 2026) are unlikely to inspire much optimism. While revenue grew by a respectable 16% year-over-year, expenses grew even faster, resulting in a 35% decline in net income. A rather stark reminder that growth, without profitability, is merely an illusion. They are pinning their hopes on the burgeoning market for streaming TV advertising, having launched a new solution – DV Authentic Streaming TV – in January. A clever move, perhaps, but one that requires a considerable amount of faith.

The market, dear readers, is a fickle beast. It rewards innovation, punishes complacency, and occasionally, simply throws a wrench in the works. Arohi’s exit is not necessarily a condemnation of DoubleVerify, but rather a testament to the inherent uncertainties of the financial world. A world where fortunes are made and lost, and where the only constant is change. And as any seasoned gambler knows, knowing when to fold is often as important as knowing when to bet.

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2026-02-22 21:33