Viant Technology Inc. DSP
We are an advertising technology company. Our cloud-based demand side platform ("DSP") enables the programmatic purchase of advertising, which is the electronification of the digital advertising buying process. Programmatic advertising is rapidly taking market share from traditional ad sales channels, which require more staffing, offer less transparency, and involve higher costs to buyers.
Our DSP is used by marketers and their advertising agencies to centralize the planning, buying and measurement of their digital advertising across most channels. Through our omnichannel platform, a marketer can easily buy ads on connected TV ("CTV"), streaming audio, digital out-of-home, mobile and desktop.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $344.2M | $289.2M | $222.9M | $197.2M | $224.1M | $165.3M | $164.9M | — |
| Cost of revenue | $186.6M | $157.2M | $120.5M | $116.7M | $129.6M | $88.3M | $94.1M | — |
| Gross profit | $157.6M | $132.1M | $102.5M | $80.4M | $94.5M | $77.0M | $70.8M | — |
| SG&A | $50.2M | $51.1M | $45.3M | $44.5M | $46.9M | $17.6M | $19.8M | — |
| Total operating expenses | $332.1M | $285.8M | $241.2M | $246.4M | $266.9M | $143.5M | $152.1M | — |
| Operating income | $12.1M | $3.5M | -$18.3M | -$49.3M | -$42.8M | $21.8M | $12.8M | — |
| Interest expense | — | — | — | $454.0K | $885.0K | $1.1M | $4.1M | — |
| Pre-tax income | $10.1M | $12.7M | -$9.8M | -$11.9M | -$7.7M | $20.6M | $9.9M | — |
| Income tax | $14.0M | $249.0K | $151.0K | $0 | $0 | $0 | $0 | — |
| Net income | $8.4M | $2.4M | -$3.4M | -$11.9M | -$7.7M | $20.6M | $9.9M | — |
| EPS, basic | 0.51 | 0.15 | -0.23 | -0.84 | -0.63 | 20.64 | 31.31 | — |
| EPS, diluted | 0.36 | 0.14 | -0.23 | -0.84 | -0.63 | 20.64 | 27.37 | — |
| Shares, diluted (wtd. avg.) | $67.0M | $20.5M | $15.2M | $14.2M | $12.4M | $1.0M | $1.0K | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Receivables | $177.1M | $147.0M | $117.5M | $101.7M | $110.7M | $89.8M | — | — |
| Total current assets | $376.2M | $362.5M | $340.4M | $314.9M | $352.2M | $103.9M | — | — |
| Property, plant and equipment | $35.1M | $31.5M | $28.3M | $23.1M | $22.3M | $13.8M | — | — |
| Goodwill | $19.2M | $19.2M | $12.4M | $12.4M | $12.4M | $12.4M | — | — |
| Other intangibles | $2.9M | $3.0M | $201.0K | $667.0K | $1.8M | $3.0M | — | — |
| Total assets | $474.7M | $440.8M | $404.9M | $377.9M | $389.1M | $133.5M | — | — |
| Accounts payable | $83.5M | $71.3M | $47.3M | $37.1M | $32.9M | $29.8M | — | — |
| Short-term debt | — | — | — | $0 | $0 | $3.4M | — | — |
| Total current liabilities | $157.0M | $145.5M | $108.8M | $87.1M | $83.1M | $79.7M | — | — |
| Long-term debt | $0 | $0 | $0 | $0 | $17.5M | $20.2M | — | — |
| Total liabilities | $185.9M | $166.7M | $130.5M | $112.1M | $106.6M | $105.9M | — | — |
| Retained earnings | -$91.8M | -$50.6M | -$43.5M | -$36.3M | -$20.1M | — | — | — |
| Total equity | $82.1M | $53.8M | $274.4M | $265.8M | $282.6M | $20.1M | $15.2M | -$83.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $52.6M | $51.8M | $37.8M | -$3.5M | $28.7M | $18.9M | $13.0M | — |
| Depreciation and amortisation | $18.7M | $16.5M | $14.7M | $13.1M | $11.1M | $10.1M | $10.2M | — |
| Stock-based compensation | $24.8M | $21.0M | $32.3M | $28.9M | $68.8M | $0 | $1.1M | — |
| Capital expenditure | $926.0K | $2.5M | $1.2M | $758.0K | $441.0K | $434.0K | $423.0K | — |
| Investing cash flow | -$22.3M | -$27.7M | -$13.5M | -$8.8M | -$7.4M | -$7.8M | -$7.8M | — |
| Financing cash flow | -$44.2M | -$35.4M | -$14.4M | -$19.6M | $207.6M | -$6.2M | -$3.1M | — |
| Dividends paid | — | — | — | $0 | $0 | $5.0M | — | — |
| Buybacks | $3.2M | $10.7M | $4.2M | $2.0M | $15.0M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001828791-26-000019.
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