Viant Technology Inc.
Rank #211Op. LeverageDSP · Nasdaq · Technology
Viant Technology Inc. (DSP) — Rank #211 by gross profitability (GP/assets 0.32) · ROE 7.4% · Piotroski F-Score 6 / 9.
As-of 2026-09-15 · CIK 0001828791 · all metrics point-in-time as of the filing date.
About
Viant Technology Inc. operates a cloud-based demand side platform (DSP) that enables the programmatic purchase of digital advertising across multiple channels, including connected TV (CTV), streaming audio, digital out-of-home, mobile, and desktop.
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It provides ViantAI, an artificial intelligence product suite; Holistic, Omnichannel DSP, an integrated platform that manages omnichannel campaigns and access metrics; Household ID, which combines digital and personal identifiers into a normalized household profile; IRIS_ID, a content identifier that allows partners to share video-level data to power planning, targeting, and measurement solutions in ad-supported streaming media; and Viant Data Platform, which offers the ability to integrate first-party data with data from top third-party data providers to obtain key insights, reporting, and attribution opportunities. The company also offers Direct Access, a supply path optimization program that creates a direct path to premium inventory; Advanced Reporting and Measurement that offers conversion lift, multitouch attribution, foot-traffic data reports, digital-out-of-home lift, sales reporting, and ROAS analytics; and Flexible Customer Engagement Model, which offers customers transparency and control over their advertising campaigns and underlying data infrastructure. The company sells its platform through a direct sales team focused on business development in various markets. It serves purchasers of programmatic advertising inventory and large, independent, and mid-market advertising agencies, as well as marketers. The company was formerly known as Interactive Media Holdings and changed its name to Viant Technology Inc. in January 2015.
The company was founded in 1999 and is headquartered in Irvine, California.
- Industry
- Software - Application
- Sector
- Technology
- State
- DE
- Filer Category
- Accelerated filerSmaller reporting companyEmerging growth company
- Fiscal Year End
- December 31
- Website
- viantinc.com
Price History
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
$848.42M
P/E (annual)
35.4
P/S (annual)
2.5
P/B
7.5
P/OCF (annual)
16.1
Shareholder Yield
-227.3%
Employees
470
Industry
Software - Application
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
1/2 passTerry Smith quality gate
Passes 1/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
5.1%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Dilution drag: 227.3% — per-share value needs a total required return of 232.3% once share-count change is priced in.
vs. own 6-year median revenue growth: 24.4%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
0.9%
r = 10% (base)
5.1%
r = 12%
8.7%
Net debt / market cap: -22.6%
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Operating margin expansion and free cash flow are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.32
Primary signal (Novy-Marx).
7th of 14 SIC 7370 peers
Return on equity
7.4%
Gross margin
45.8%
13th of 14 SIC 7370 peers
Revenue growth (YoY)
19.0%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
20.4%
Revenue CAGR (5Y)
15.8%
Earnings CAGR (3Y)
—
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.56
7th of 13 SIC 7370 peers (best = lowest)
Current ratio
2.34×
11th of 14 SIC 7370 peers
Quick ratio
2.26×
Net cash
$193.05M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$51.68M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
5.19
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
7.2%
Stock-based comp intensity.
Piotroski F-Score
F-Score
6 / 9
Fundamental-strength score (0-9).