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Viant Technology Inc. (DSP) Financials

DSP
Trailing 12 months to June 30, 2026
Revenue $388.5M +22.0% YoY
Net Income $8.7M +269.0% YoY
EPS (Diluted) $0.36 +157.1% YoY
Free Cash Flow $66.0M +36.4% YoY
Market Cap $824.4M as of Sep 12, 2026
Price / Sales 2.1x on $388.5M revenue, trailing 12 months to June 30, 2026
Price / Earnings 94.9x on $8.7M net income, trailing 12 months to June 30, 2026
Price / Book 7.3x on $113.4M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 10, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the DSP SEC filings page.

Viant Technology Inc. (DSP) reported $388.5M in revenue over the twelve months to Jun 30, 2026, up 22.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI DSP FY2025

Operating leverage is emerging as revenue expands, with gross margin stable and overhead growing more slowly.

The shift from a negative operating margin in FY2023 to 3.5% in FY2025, alongside nearly flat SG&A, points to fixed-cost absorption rather than a gross-margin-led story. That combination indicates the recent profit improvement came mainly from scaling the existing cost structure, not materially changing the economics of each revenue dollar.

FY2025 operating cash flow was $52.6M versus $8.4M of net income, so reported earnings understate the period’s cash generation. Free cash flow was $51.7M, nearly matching operating cash flow because capital expenditures were only $926K; cash conversion is strong but benefits from low reinvestment needs.

The company carries no long-term debt, yet total liabilities reached $392.5M against $82.1M of equity, so a debt-free label does not mean an unlevered balance sheet. The current ratio eased from 2.5x in FY2024 to 2.4x in FY2025, while receivables reached $177.1M, making customer collections increasingly important to short-term liquidity.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 67 / 100
Financial Health Score 67/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Viant Technology Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
34

Viant Technology Inc. has an operating margin of 3.5%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 34/100, indicating healthy but not exceptional operating efficiency. This is up from 1.2% the prior year.

Growth
86

Viant Technology Inc.'s revenue surged 19.0% year-over-year to $344.2M, reflecting rapid business expansion. This strong growth earns a score of 86/100.

Leverage
99

Viant Technology Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
68

With a current ratio of 2.40, Viant Technology Inc. holds $2.40 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 68/100.

Cash Flow
80

Viant Technology Inc. converts 15.0% of revenue into free cash flow ($51.7M). This strong cash generation earns a score of 80/100.

Returns
33

Viant Technology Inc.'s ROE of 10.2% shows moderate profitability relative to equity, earning a score of 33/100. This is up from 4.4% the prior year.

Altman Z-Score Grey Zone
2.35

Viant Technology Inc. scores 2.35, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($824.4M) relative to total liabilities ($392.5M). This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/8

Viant Technology Inc. passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
6.30x

For every $1 of reported earnings, Viant Technology Inc. generates $6.30 in operating cash flow ($52.6M OCF vs $8.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$104.3M
YoY+33.9%
QoQ+17.8%
5Y CAGR+15.6%

Viant Technology Inc. generated $104.3M in revenue in Q2 2026. This represents an increase of 33.9% from the same quarter a year earlier. Against the prior quarter it is up 17.8%.

EBITDA
$1.7M
YoY-62.5%
QoQ+13.0%

Viant Technology Inc.'s EBITDA was $1.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 62.5% from the same quarter a year earlier. Against the prior quarter it is up 13.0%.

Net Income
-$111K
YoY-138.3%
QoQ+75.6%

Viant Technology Inc. reported -$111K in net income in Q2 2026. This represents a decrease of 138.3% from the same quarter a year earlier. Against the prior quarter it is up 75.6%.

EPS (Diluted)
-$0.03

Viant Technology Inc. earned -$0.03 per diluted share (EPS) in Q2 2026.

Cash & Balance Sheet

Free Cash Flow
$27.6M
YoY+35.0%
QoQ+957.6%
5Y CAGR+26.0%

Viant Technology Inc. generated $27.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 35.0% from the same quarter a year earlier. Against the prior quarter it is up 957.6%.

Cash & Debt
$193.1M
YoY+11.7%
QoQ+4.0%
5Y CAGR-5.2%

Viant Technology Inc. held $193.1M in cash against $0 in long-term debt as of Q2 2026.

Shares Outstanding
Diluted avg 65M

Viant Technology Inc. had a weighted average of 65M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
43.7%
YoY-2.4pp
QoQ+2.6pp
5Y change+6.6pp

Viant Technology Inc.'s gross margin was 43.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 2.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 2.6 percentage points.

Operating Margin
-3.7%
YoY-3.7pp
QoQ+0.8pp
5Y change+43.9pp

Viant Technology Inc.'s operating margin was -3.7% in Q2 2026, reflecting core business profitability. This is down 3.7 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.8 percentage points.

Net Margin
-0.1%
YoY-0.5pp
QoQ+0.4pp
5Y change+7.1pp

Viant Technology Inc.'s net profit margin was -0.1% in Q2 2026, showing the share of revenue converted to profit. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Return on Equity
-0.1%
YoY-1.2pp
QoQ+0.4pp
5Y change+3.7pp

Viant Technology Inc.'s ROE was -0.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.4 percentage points.

Capital Allocation

Capital Expenditures
$716K
YoY+50.7%
QoQ+128.8%
5Y CAGR+48.5%

Viant Technology Inc. invested $716K in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 50.7% from the same quarter a year earlier. Against the prior quarter it is up 128.8%.

R&D Spending

Not reported for Q2 2026.

Share Buybacks

Not reported for Q2 2026.

DSP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DSP quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$104.3M+33.9%$88.5M+25.3%$110.1M+22.3%$85.6M+7.1%$77.9M+18.2%$70.6M+32.3%$90.1M+39.8%$79.9M+34.1%
Cost of Revenue$58.7M+39.9%$52.2M+30.2%$58.8M+23.7%$45.7M+2.6%$42.0M+19.5%$40.1M+34.1%$47.6M+45.7%$44.6M+44.0%
Gross Profit$45.5M+26.9%$36.4M+19.0%$51.3M+20.7%$39.8M+12.8%$35.9M+16.7%$30.6M+30.0%$42.5M+33.8%$35.3M+23.4%
SG&A Expenses$18.1M+42.4%$16.9M+18.5%$12.0M-18.5%$11.2M-11.7%$12.7M+0.7%$14.3M+29.0%$14.8M+26.4%$12.6M+13.5%
Operating Income-$3.9M-32200.0%-$4.0M+18.5%$12.7M+115.0%$4.2M+4.8%$12K+101.6%-$4.9M+14.6%$5.9M+569.3%$4.0M+243.2%
EBITDA$1.7M-62.5%$1.5M+383.2%$17.7M+76.8%$9.0M+11.9%$4.6M+34.6%-$535K+65.4%$10.0M+105.1%$8.1M+740.4%
Income Tax-$762K-161.9%-$406K-165.4%-$14.1M-5446.8%$541K+3964.3%-$291K-393.9%-$153K-54.5%$263K+976.7%-$14K-107.7%
Net Income-$111K-138.3%-$455K+61.8%$8.3M+372.6%$996K-33.9%$290K+427.3%-$1.2M-25.7%$1.7M+179.1%$1.5M+386.5%
EPS (Basic)-$0.01-150.0%-$0.03+57.1%$0.50+354.5%$0.06-33.3%$0.02-$0.07-16.7%$0.11+175.0%$0.09+400.0%
EPS (Diluted)-$0.03-$0.03+57.1%$0.36+260.0%$0.06-33.3%$0.02-$0.07-16.7%$0.10+150.0%$0.09+400.0%
Diluted Shares (Avg)65M63M+286.0%N/A19M-4.1%20M+3.5%16M+3.1%N/A20M+29.9%

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

DSP Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DSP quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$498.4M+25.2%$439.0M+11.3%$474.7M+7.7%$395.9M-7.9%$398.0M-2.6%$394.5M-0.1%$440.8M+8.9%$429.7M+13.5%
Current Assets$350.4M+11.0%$337.9M+7.0%$376.2M+3.8%$313.6M-13.0%$315.8M-7.5%$315.8M-3.6%$362.5M+6.5%$360.4M+14.8%
Cash & Equivalents$193.1M+11.7%$185.7M+6.8%$191.2M-6.8%$161.3M-24.9%$172.8M-17.6%$173.9M-15.6%$205.0M-5.3%$214.6M+5.7%
Short-Term Investments$0$0$0$0$0$0$0$0
Accounts Receivable$145.1M+7.2%$146.2M+11.4%$177.1M+20.5%$142.8M+5.3%$135.3M+10.1%$131.3M+15.7%$147.0M+25.1%$135.6M+27.9%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$32.6M+69.9%$19.2M0.0%$19.2M0.0%$19.2M+54.5%$19.2M+54.5%$19.2M+54.5%$19.2M+54.5%$12.4M0.0%
Total Liabilities$385.0M+3.9%$353.7M-1.2%$392.5M+1.4%$372.6M+0.6%$370.5M+7.2%$358.1M+8.7%$387.0M+14.9%$370.3M+18.0%
Current Liabilities$149.9M+21.5%$117.8M+1.0%$157.0M+8.0%$119.7M-8.0%$123.4M+8.2%$116.7M+15.5%$145.5M+33.6%$130.2M+49.2%
Non-Current Liabilities$235.1M-4.8%$235.9M-2.3%$235.5M-2.5%$252.8M+5.3%$247.1M+6.8%$241.3M+5.7%$241.5M+6.0%$240.1M+6.0%
Long-Term Debt$0$0$0$0$0$0$0$0
Total Equity$113.4M+312.9%$85.3M+134.0%$82.1M+52.6%$23.3M-60.8%$27.5M-56.4%$36.5M-44.4%$53.8M-21.1%$59.4M-8.2%
Retained Earnings-$104.5M-37.9%-$98.7M-52.7%-$91.8M-81.4%-$90.3M-80.4%-$75.8M-54.1%-$64.7M-41.8%-$50.6M-16.2%-$50.0M-16.4%

Not reported in any period shown, so not listed: Inventory.

DSP Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DSP quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$28.3M+35.4%$2.9M+165.7%$33.1M+100.6%$3.0M-82.1%$20.9M+45.7%-$4.5M-216.0%$16.5M-29.1%$17.1M+367.9%
Depreciation & Amortization$5.6M+22.0%$5.5M+26.6%$5.0M+21.9%$4.8M+19.0%$4.6M+9.4%$4.3M+4.3%$4.1M+2.8%$4.0M+6.8%
Stock-Based Compensation$9.9M+56.9%$6.6M+16.6%N/A$6.4M+20.6%$6.3M+14.6%$5.6M+27.0%N/A$5.3M-39.0%
Capital Expenditures$716K+50.7%$313K+152.4%$101K-53.7%$226K-71.6%$475K-50.2%$124K-76.6%$218K-54.2%$796K+114.6%
Free Cash Flow$27.6M+35.0%$2.6M+157.1%$33.0M+102.6%$2.8M-82.7%$20.5M+52.5%-$4.6M-238.3%$16.3M-28.5%$16.3M+396.6%
Investing Cash Flow-$21.4M-150.8%-$3.9M+2.7%-$4.9M+65.8%-$4.9M-4.5%-$8.5M-81.6%-$4.0M+0.6%-$14.3M-275.3%-$4.7M-45.8%
Financing Cash Flow$410K+103.0%-$4.5M+80.3%$1.7M+114.4%-$9.7M-29.1%-$13.5M-125.0%-$22.7M-122.9%-$11.8M-96.5%-$7.5M-459.4%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

DSP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

DSP quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin43.7%-2.4pp41.1%-2.2pp46.6%-0.6pp46.6%+2.4pp46.1%-0.6pp43.3%-0.8pp47.2%-2.1pp44.2%-3.8pp
Operating Margin-3.7%-3.7pp-4.5%+2.4pp11.5%+5.0pp4.9%-0.1pp0.0%+1.2pp-6.9%+3.8pp6.6%+5.2pp5.1%+9.8pp
Net Margin-0.1%-0.5pp-0.5%+1.2pp7.5%+5.6pp1.2%-0.7pp0.4%+0.3pp-1.7%+0.1pp1.9%+1.0pp1.9%+2.8pp
Return on Equity-0.1%-1.2pp-0.5%+2.7pp10.1%+6.8pp4.3%+1.7pp1.1%+1.0pp-3.3%-1.8pp3.2%+2.3pp2.5%+3.4pp
Return on Assets0.0%-0.1pp-0.1%+0.2pp1.7%+1.3pp0.3%-0.1pp0.1%+0.1pp-0.3%-0.1pp0.4%+0.3pp0.4%+0.5pp
Current Ratio2.34-0.2x2.87+0.2x2.40-0.1x2.62-0.1x2.56-0.4x2.71-0.5x2.49-0.6x2.77-0.8x
Debt-to-Equity0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x0.000.0x
Asset Turnover0.210.0x0.200.0x0.230.0x0.220.0x0.200.0x0.180.0x0.200.0x0.190.0x
FCF Margin26.5%+0.2pp2.9%+9.4pp29.9%+11.9pp3.3%-17.1pp26.3%+5.9pp-6.5%-12.7pp18.1%-17.3pp20.4%+14.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Viant Technology Inc. DSP FY2025 $344.2M $8.4M 2.4% $824.4M 67/100
Domo, Inc. DOMO FY2026 $318.9M -$59.3M -18.6% $180.1M 14/100
Ibotta, Inc. IBTA FY2025 $342.4M $3.6M 1.1% $828.9M 64/100
Ribbon Communications Inc. RBBN FY2025 $844.6M $40K 0.0% $355.9M 31/100
Red Violet, Inc. RDVT FY2025 $90.3M $13.2M 14.6% $1.2B 78/100
AMTD Digital Inc. American HKD FY2025 $136.1M $97.0M 71.3% $531.1M 58/100

Frequently Asked Questions

What is Viant Technology Inc.'s annual revenue?

Viant Technology Inc. (DSP) reported $344.2M in total revenue for fiscal year 2025. This represents a 19.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Viant Technology Inc.'s revenue growing?

Viant Technology Inc. (DSP) revenue grew by 19.0% year-over-year, from $289.2M to $344.2M in fiscal year 2025.

Is Viant Technology Inc. profitable?

Yes, Viant Technology Inc. (DSP) reported a net income of $8.4M in fiscal year 2025, with a net profit margin of 2.4%.

Viant Technology Inc. (DSP) reported diluted earnings per share of $0.36 for fiscal year 2025. This represents a 157.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Viant Technology Inc. (DSP) had EBITDA of $30.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Viant Technology Inc. (DSP) had $191.2M in cash and equivalents against $0 in long-term debt.

Viant Technology Inc. (DSP) had a gross margin of 45.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Viant Technology Inc. (DSP) had an operating margin of 3.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Viant Technology Inc. (DSP) had a net profit margin of 2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Viant Technology Inc. (DSP) has a return on equity of 10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Viant Technology Inc. (DSP) generated $51.7M in free cash flow during fiscal year 2025. This represents a 4.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Viant Technology Inc. (DSP) generated $52.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Viant Technology Inc. (DSP) had $474.7M in total assets as of fiscal year 2025, including both current and long-term assets.

Viant Technology Inc. (DSP) invested $926K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Viant Technology Inc. (DSP) had a current ratio of 2.40 as of fiscal year 2025, which is generally considered healthy.

Viant Technology Inc. (DSP) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Viant Technology Inc. (DSP) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Viant Technology Inc. (DSP) trades at 94.9x earnings, its market capitalization divided by net income of $8.7M net income, trailing 12 months to June 30, 2026. The market capitalization is $824.4M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Viant Technology Inc. (DSP) trades at 2.1x sales, its market capitalization divided by revenue of $388.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $824.4M as of Sep 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Viant Technology Inc. (DSP) has an Altman Z-Score of 2.35, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Viant Technology Inc. (DSP) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Viant Technology Inc. (DSP) has an earnings quality ratio of 6.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Viant Technology Inc. (DSP) scores 67 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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