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Nasdaq · Technology

Viant Technology Inc. (DSP)

As-reported financials and SEC filings for Viant Technology Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Viant Technology Inc.

Viant Technology Inc. is an advertising technology company that provides a cloud-based demand side platform (DSP) for programmatic digital advertising. Its platform enables marketers and advertising agencies to plan, buy, and measure ads across multiple channels including connected TV, streaming audio, digital out-of-home, mobile, and desktop. The company serves advertising buyers such as large holding companies, independent agencies, and mid-market organizations, offering tools for audience targeting, campaign automation, and return-on-ad-spend measurement.

Snapshot

Revenue
$344.2M
Revenue growth (YoY)
19.0%
Net income
$8.4M
Diluted EPS
$0.36
Gross margin
45.8%
Operating margin
3.5%
Net margin
2.4%
FCF margin
15.0%
ROE
2.9%
net income / fiscal-year-end equity
P/E
36.1×
trailing when available, otherwise FY EPS
Market cap
$841.8M
Long-term debt / equity
0.00×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Viant Technology

  • Revenue grew 19.0% to $344M in FY2025, slower than the 29.7% the year before.
  • Operating margin turned positive at 3.5% in FY2025, from a 19.1% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $104M, up 33.9% from Q2 FY2025.
  • Free cash flow was $52M in FY2025, 15.0% of revenue.
  • Net income rose 253.6% to $8M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Viant Technology’s fundamentals sit among the 332 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin45.8%
25th percentile of 264
Operating margin3.5%
55th percentile of 303
Net margin2.4%
51st percentile of 307
FCF margin15.0%
52nd percentile of 285
Revenue growth (YoY)+19.0%
72nd percentile of 325
ROE2.9%
50th percentile of 285
P/E36.1×
63rd percentile of 169
Long-term debt / equity0.00×
1st percentile of 127
Short interest3.22d
48th percentile of 330

Viant Technology’s long-term debt to equity of 0.00 ranks in the 1st percentile of the 127 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 31 insider sales totaling $3.1M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+5 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
3
2 trimmed, 1 exited
Combined position
$8.4M
reported long value
InvestorAs ofPosition valueSharesChange
Renaissance TechnologiesquantQ2 2026$5.4M425.7KReduced
Citadel AdvisorsquantQ2 2026$1.0M80.8KNew
Point72 Asset ManagementquantQ2 2026$873,28769.0KAdded
AQR Capital ManagementquantQ2 2026$775,95761.3KAdded
Two Sigma InvestmentsquantQ2 2026$346,58027.4KReduced

No longer held by: Millennium Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
31
$3.1M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-11
filed 2026-08-13
MADDEN LARRYChief Financial OfficerSell26.0K$13.03$339K
2026-08-11
filed 2026-08-13
MADDEN LARRYChief Financial OfficerSell1.4K$13.68$20K
2026-07-23
Capital V LLC10% ownerSell12.9K$10.47$135K
2026-07-23
Vanderhook TimothyCEO and ChairmanSell4.3K$10.47$45K
2026-07-23
Vanderhook ChristopherChief Operating OfficerSell4.3K$10.47$45K
2026-07-23
filed 2026-07-27
MADDEN LARRYChief Financial OfficerSell2.8K$10.69$30K
2026-07-22
filed 2026-07-23
Capital V LLC10% ownerSell15.0K$11.03$166K
2026-07-22
filed 2026-07-23
Vanderhook TimothyCEO and ChairmanSell5.0K$11.03$55K
2026-07-22
filed 2026-07-23
Vanderhook ChristopherChief Operating OfficerSell5.0K$11.03$55K
2026-07-21
filed 2026-07-23
Capital V LLC10% ownerSell9.6K$11.70$112K
2026-07-21
filed 2026-07-23
Vanderhook TimothyCEO and ChairmanSell3.2K$11.70$37K
2026-07-21
filed 2026-07-23
Vanderhook ChristopherChief Operating OfficerSell3.2K$11.70$37K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.3M
settled 2026-08-14
Change vs prior
+2.6%
vs previous settlement
Days to cover
3.22
at avg daily volume
Avg daily volume
417.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.3M+2.6%3.22
2026-07-311.3M+2.9%6.15
2026-07-151.3M+8.7%6.99
2026-06-301.2M-6.0%3.63
2026-06-151.2M+25.5%3.53
2026-05-29992.4K-2.4%3.83
2026-05-151.0M+8.3%3.51
2026-04-30938.6K+0.6%4.81

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$344.2M$289.2M$222.9M$197.2M$224.1M
Gross profit$157.6M$132.1M$102.5M$80.4M$94.5M
Operating income$12.1M$3.5M$-18.3M$-49.3M$-42.8M
Net income$8.4M$2.4M$-3.4M$-11.9M$-7.7M
Diluted EPS$0.36$0.14$-0.23$-0.84$-0.63

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$52.6M$51.8M$37.8M$-3.5M$28.7M
Capital expenditure$926,000$2.5M$1.2M$758,000$441,000
Free cash flow$51.7M$49.3M$36.6M$-4.3M$28.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$104.3M33.9%$-111,000
Q1 FY2026$88.5M25.3%$-455,000$-0.03
Q4 FY2025$110.1M22.3%$8.3M
Q3 FY2025$85.6M7.1%$996,000$0.06
Q2 FY2025$77.9M18.2%$290,000$0.02
Q1 FY2025$70.6M32.3%$-1.2M$-0.07
Q4 FY2024$90.1M39.8%$1.7M
Q3 FY2024$79.9M34.1%$1.5M$0.09

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryServices-Computer Programming, Data Processing, Etc.
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2020
SEC CIK1828791

Selected SEC filings

10-Q2026-08-10
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-06-05
View on EDGAR →
8-K2026-05-11
View on EDGAR →

Largest software peers

All software stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.