What is Viant Technology's operating income?

Viant Technology's total operating income in 2024 was $3.48 million, based on the following breakdown: Total Gross Profit: $132.07 million Total Operating Expenses: $128.59 million

Viant Technology (DSP) Financials

$11.58 -0.30 (-2.53%)

Closing price 06/10/2026 04:00 PM Eastern

Extended Trading

$11.60 +0.03 (+0.22%)

As of 06/10/2026 04:10 PM Eastern

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Annual Income Statements for Viant Technology

This table shows Viant Technology's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	0.00	0.00	-7.74	-12	-3.44	2.36
Consolidated Net Income / (Loss)	9.92	21	-38	-48	-9.94	12
Net Income / (Loss) Continuing Operations	9.92	21	-38	-48	-9.94	12
Total Pre-Tax Income	9.92	21	-38	-48	-9.79	13
Total Operating Income	13	22	-43	-49	-18	3.48
Total Gross Profit	71	77	95	80	102	132
Total Revenue	165	165	224	197	223	289
Operating Revenue	165	165	224	197	223	289
Total Cost of Revenue	94	88	130	117	120	157
Operating Cost of Revenue	94	88	130	117	120	157
Total Operating Expenses	58	55	137	130	121	129
Selling, General & Admin Expense	20	18	47	44	45	51
Marketing Expense	29	29	65	64	51	54
Research & Development Expense	9.24	8.70	25	21	25	24
Total Other Income / (Expense), net	-2.87	-1.13	5.19	1.17	8.50	9.22
Interest Expense	3.95	0.00	-6.11	0.00	0.00	0.00
Interest & Investment Income	-	-1.04	-0.86	1.48	8.59	9.24
Other Income / (Expense), net	1.08	-0.09	-0.06	-0.31	-0.09	-0.01
Income Tax Expense	-	-	0.00	0.00	0.15	0.25
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	-30	-36	-6.50	10
Basic Earnings per Share	$31.31	$20.64	($0.63)	($0.84)	($0.23)	$0.15
Weighted Average Basic Shares Outstanding	274.00	400K	12.36M	14.19M	15.22M	16.22M
Diluted Earnings per Share	$27.37	$20.64	($0.63)	($0.84)	($0.23)	$0.14
Weighted Average Diluted Shares Outstanding	1K	1M	12.36M	14.19M	15.22M	20.47M
Weighted Average Basic & Diluted Shares Outstanding	-	400.00	60.82M	61.73M	62.83M	63.07M

This table shows Viant Technology's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-1.06	-0.53	0.63	-0.95	0.06	1.51	1.75	-1.19	0.29	1.00	-0.46
Consolidated Net Income / (Loss)	-3.20	-0.67	3.31	-3.21	1.49	6.46	7.72	-3.31	1.79	5.15	-2.19
Net Income / (Loss) Continuing Operations	-3.20	-0.67	3.31	-3.21	1.49	6.46	7.72	-3.31	1.79	5.15	-2.19
Total Pre-Tax Income	-3.20	-0.49	3.28	-3.31	1.59	6.44	7.98	-3.46	1.50	5.69	-2.60
Total Operating Income	-5.25	-2.82	0.88	-5.69	-0.77	4.04	5.90	-4.86	0.01	4.23	-3.96
Total Gross Profit	24	29	32	24	31	35	42	31	36	40	36
Total Revenue	57	60	64	53	66	80	90	71	78	86	89
Operating Revenue	57	60	64	53	66	80	90	71	78	86	89
Total Cost of Revenue	34	31	33	30	35	45	48	40	42	46	52
Operating Cost of Revenue	34	31	33	30	35	45	48	40	42	46	52
Total Operating Expenses	29	31	31	29	32	31	37	35	36	36	40
Selling, General & Admin Expense	11	11	12	11	13	13	15	14	13	11	17
Marketing Expense	12	14	13	13	13	13	15	14	15	17	16
Research & Development Expense	6.17	6.15	6.54	5.23	5.82	5.63	7.06	6.91	7.69	7.70	7.14
Total Other Income / (Expense), net	2.05	2.33	2.40	2.38	2.36	2.41	2.08	1.40	1.48	1.46	1.36
Interest & Investment Income	2.05	2.33	2.40	2.38	2.36	2.41	2.09	1.72	1.48	1.46	1.36
Income Tax Expense	0.00	0.18	-0.03	-0.10	0.10	-0.01	0.26	-0.15	-0.29	0.54	-0.41
Net Income / (Loss) Attributable to Noncontrolling Interest	-2.14	-0.15	2.68	-2.27	1.43	4.95	5.97	-2.12	1.50	4.16	-1.74
Basic Earnings per Share	($0.07)	($0.03)	$0.04	($0.06)	$0.00	$0.09	$0.12	($0.07)	$0.02	$0.06	($0.03)
Weighted Average Basic Shares Outstanding	15.14M	15.39M	15.22M	15.95M	16.48M	16.29M	16.22M	16.44M	16.00M	16.33M	17.83M
Diluted Earnings per Share	($0.07)	($0.03)	$0.04	($0.06)	$0.00	$0.09	$0.11	($0.07)	$0.02	$0.06	($0.03)
Weighted Average Diluted Shares Outstanding	15.14M	15.39M	15.22M	15.95M	19.24M	19.99M	20.47M	16.44M	19.90M	19.18M	63.45M
Weighted Average Basic & Diluted Shares Outstanding	62.42M	62.62M	62.83M	63.49M	63.20M	62.85M	63.07M	62.57M	62.95M	62.43M	65.53M

This table details how cash moves in and out of Viant Technology's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	2.16	4.81	229	-32	9.89	-11
Net Cash From Operating Activities	13	19	29	-3.53	38	52
Net Cash From Continuing Operating Activities	13	19	29	-3.53	38	52
Net Income / (Loss) Continuing Operations	9.92	21	-38	-48	-9.94	12
Consolidated Net Income / (Loss)	9.92	21	-38	-48	-9.94	12
Depreciation Expense	10	10	11	13	15	16
Amortization Expense	-	0.00	0.00	2.86	3.95	4.02
Non-Cash Adjustments To Reconcile Net Income	1.72	-0.52	63	29	29	18
Changes in Operating Assets and Liabilities, net	-8.76	-11	-7.66	-0.62	0.29	0.47
Net Cash From Investing Activities	-7.81	-7.84	-7.37	-8.83	-13	-28
Net Cash From Continuing Investing Activities	-7.81	-7.84	-7.37	-8.83	-13	-28
Purchase of Property, Plant & Equipment	-7.81	-7.84	-7.37	-8.83	-13	-18
Acquisitions	-	-	-	0.00	0.00	-10
Net Cash From Financing Activities	-3.06	-6.22	208	-20	-14	-35
Net Cash From Continuing Financing Activities	-3.06	-6.22	208	-20	-14	-35
Repayment of Debt	-25	-1.71	-2.61	-18	0.00	-0.33
Repurchase of Preferred Equity	7.50	-	-	0.00	0.00	-22
Payment of Dividends	0.00	-11	-7.29	-0.02	-10	-5.95
Other Financing Activities, net	-3.56	6.04	-15	-2.04	-4.24	-7.58
Cash Interest Paid	0.01	1.07	0.66	0.24	0.22	0.28

This table details how cash moves in and out of Viant Technology's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Net Change in Cash & Equivalents	2.16	-0.89	13	-10	3.69	4.89	-9.58	-31	-1.06	-12	-5.46
Net Cash From Operating Activities	11	3.65	23	3.84	14	17	16	-4.45	21	3.05	2.93
Net Cash From Continuing Operating Activities	11	3.65	23	3.84	14	17	16	-4.45	21	3.05	2.93
Net Income / (Loss) Continuing Operations	-3.20	-0.67	3.31	-3.21	1.49	6.46	7.72	-3.31	1.79	5.15	-2.19
Consolidated Net Income / (Loss)	-3.20	-0.67	3.31	-3.21	1.49	6.46	7.72	-3.31	1.79	5.15	-2.19
Depreciation Expense	3.54	3.78	4.00	4.15	4.17	4.04	4.11	4.32	4.56	4.81	5.47
Non-Cash Adjustments To Reconcile Net Income	8.33	8.76	3.81	3.34	4.69	2.97	5.36	4.96	5.20	4.89	7.06
Changes in Operating Assets and Liabilities, net	0.81	-9.22	11	-1.42	4.03	0.62	-1.74	-12	8.41	-13	-7.42
Net Cash From Investing Activities	-3.79	-3.20	-3.82	-4.06	-4.70	-4.66	-14	-4.04	-8.53	-4.87	-3.93
Net Cash From Continuing Investing Activities	-3.79	-3.20	-3.82	-4.06	-4.70	-4.66	-14	-4.04	-8.53	-4.87	-3.93
Purchase of Property, Plant & Equipment	-3.79	-3.20	-3.82	-4.06	-4.70	-4.66	-4.32	-3.72	-4.80	-4.87	-3.93
Acquisitions	-	-	-	0.00	-	-	-	-0.32	-0.23	-0.01	0.00
Net Cash From Financing Activities	-5.47	-1.34	-5.98	-10	-5.99	-7.52	-12	-23	-13	-9.71	-4.46
Net Cash From Continuing Financing Activities	-5.47	-1.34	-5.98	-10	-5.99	-7.52	-12	-23	-13	-9.71	-4.46
Repurchase of Preferred Equity	-	-	-	-0.03	-5.27	-6.49	-9.78	-17	-11	-9.97	-0.99
Payment of Dividends	-4.82	-0.36	-4.95	-4.72	-0.45	-0.14	-0.65	-3.65	-2.98	0.00	-0.45
Other Financing Activities, net	-0.66	-0.98	-1.03	-5.43	-0.27	-0.89	-1.00	-2.01	0.60	0.26	-3.02
Cash Interest Paid	0.04	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.07
Cash Income Taxes Paid	-	-	-	-	-	-	-	0.24	-	-	0.17

This table presents Viant Technology's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	134	389	378	405	441	475
Total Current Assets	104	352	315	340	362	376
Cash & Equivalents	9.63	238	207	216	205	191
Accounts Receivable	90	111	102	117	147	177
Prepaid Expenses	4.49	2.97	6.63	6.49	10	7.90
Plant, Property, & Equipment, net	14	22	23	28	31	35
Total Noncurrent Assets	16	15	40	36	47	63
Goodwill	12	12	12	12	19	19
Intangible Assets	3.02	1.79	0.67	0.20	3.05	2.90
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	18
Other Noncurrent Operating Assets	0.37	0.41	27	24	25	24
Total Liabilities & Shareholders' Equity	134	389	378	405	441	475
Total Liabilities	106	107	112	131	167	186
Total Current Liabilities	80	83	87	109	145	157
Accounts Payable	30	33	37	47	71	84
Accrued Expenses	34	46	44	50	59	64
Current Deferred Revenue	2.73	1.32	0.12	0.32	0.58	0.58
Other Current Liabilities	2.55	2.53	5.71	11	15	9.12
Total Noncurrent Liabilities	26	23	25	22	21	29
Long-Term Debt	20	18	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	0.45	0.77	25	22	21	29
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	20	283	266	274	274	289
Total Preferred & Common Equity	20	60	59	68	54	82
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	20	60	59	68	54	82
Common Stock	92	83	96	113	125	183
Retained Earnings	-72	-20	-36	-44	-51	-92
Treasury Stock	0.00	-2.65	-0.48	-1.13	-21	-8.92
Noncontrolling Interest	0.00	222	207	206	220	207

This table presents Viant Technology's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	358	349	361	378	395	409	430	395	398	396	439
Total Current Assets	299	286	298	314	328	341	360	316	316	314	338
Cash & Equivalents	200	202	204	203	206	210	215	174	173	161	186
Accounts Receivable	94	81	90	106	114	123	136	131	135	143	146
Prepaid Expenses	6.01	3.77	4.19	5.03	7.98	8.68	10	11	7.60	9.50	6.00
Plant, Property, & Equipment, net	23	24	26	27	29	30	31	33	34	35	35
Total Noncurrent Assets	37	38	38	37	38	37	38	46	48	47	66
Goodwill	12	12	12	12	12	12	12	19	19	19	19
Intangible Assets	0.95	0.51	0.41	0.30	0.15	0.13	0.11	3.43	3.26	3.08	2.73
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	-	-	-	-	19
Other Noncurrent Operating Assets	23	26	25	25	26	25	26	23	26	25	25
Total Liabilities & Shareholders' Equity	358	349	361	378	395	409	430	395	398	396	439
Total Liabilities	93	87	97	110	125	137	153	137	142	137	149
Total Current Liabilities	71	63	74	87	101	114	130	117	123	120	118
Accounts Payable	30	21	32	32	52	63	66	60	67	61	54
Accrued Expenses	36	35	36	44	43	45	56	47	48	50	55
Current Deferred Revenue	0.07	1.06	0.18	1.30	0.18	0.21	0.35	0.25	0.59	0.61	0.55
Other Current Liabilities	4.24	6.42	6.41	10	2.02	2.30	3.83	9.44	7.37	7.93	8.30
Total Noncurrent Liabilities	22	24	23	23	24	23	22	20	19	18	31
Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Noncurrent Operating Liabilities	0.00	24	23	23	-	-	-	20	19	18	31
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	266	262	264	269	270	272	277	258	256	258	290
Total Preferred & Common Equity	59	60	60	65	66	63	59	36	27	23	85
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	59	60	60	65	66	63	59	36	27	23	85
Common Stock	93	101	103	109	117	120	122	129	129	134	190
Retained Earnings	-33	-39	-42	-43	-46	-49	-50	-65	-76	-90	-99
Treasury Stock	-0.70	-1.57	-1.07	-1.22	-5.46	-7.58	-12	-28	-26	-20	-6.11
Noncontrolling Interest	207	202	204	204	205	209	218	221	228	235	205

This table displays calculated financial ratios and metrics derived from Viant Technology's official financial filings.

Metric	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	0.22%	35.63%	-12.03%	13.07%	29.74%
EBITDA Growth	0.00%	32.28%	-199.79%	-5.88%	100.88%	7,962.63%
EBIT Growth	0.00%	56.26%	-297.71%	-15.67%	62.91%	118.85%
NOPAT Growth	0.00%	70.12%	-237.62%	-15.11%	62.86%	126.62%
Net Income Growth	0.00%	107.96%	-282.23%	-27.87%	79.32%	225.23%
EPS Growth	0.00%	-24.59%	-103.05%	-33.33%	72.62%	160.87%
Operating Cash Flow Growth	0.00%	44.82%	51.87%	-112.31%	1,169.46%	37.12%
Free Cash Flow Firm Growth	0.00%	0.00%	-153.23%	35.87%	64.02%	33.41%
Invested Capital Growth	0.00%	0.00%	48.34%	-3.89%	-2.14%	19.15%
Revenue Q/Q Growth	0.00%	0.00%	13.27%	-12.52%	4.65%	9.73%
EBITDA Q/Q Growth	0.00%	0.00%	-17.69%	-87.99%	102.82%	27.39%
EBIT Q/Q Growth	0.00%	0.00%	-14.52%	-51.66%	35.43%	323.90%
NOPAT Q/Q Growth	0.00%	0.00%	-14.71%	-52.18%	35.54%	319.78%
Net Income Q/Q Growth	0.00%	0.00%	-16.57%	-47.67%	53.23%	54.88%
EPS Q/Q Growth	0.00%	0.00%	-105.20%	-58.49%	45.24%	100.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-17.58%	76.04%	55.44%	-11.55%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	52.21%	-536.22%	69.65%
Invested Capital Q/Q Growth	0.00%	0.00%	40.89%	-32.88%	-11.80%	-22.84%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	42.96%	46.59%	42.17%	40.80%	45.96%	45.66%
EBITDA Margin	14.57%	19.23%	-14.15%	-17.03%	0.13%	8.28%
Operating Margin	7.76%	13.17%	-19.09%	-24.98%	-8.21%	1.20%
EBIT Margin	8.41%	13.12%	-19.12%	-25.14%	-8.25%	1.20%
Profit (Net Income) Margin	6.02%	12.49%	-16.78%	-24.39%	-4.46%	4.31%
Tax Burden Percent	100.00%	100.00%	100.00%	100.00%	101.54%	98.04%
Interest Burden Percent	71.54%	95.21%	87.76%	97.01%	53.26%	366.45%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	1.96%
Return on Invested Capital (ROIC)	0.00%	104.84%	-58.10%	-57.09%	-21.87%	5.37%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	88.61%	-50.71%	-50.73%	-23.22%	1.08%
Return on Net Nonoperating Assets (RNNOA)	0.00%	44.62%	33.85%	39.55%	18.19%	-0.83%
Return on Equity (ROE)	0.00%	149.46%	-24.25%	-17.54%	-3.68%	4.54%
Cash Return on Invested Capital (CROIC)	0.00%	-95.16%	-97.03%	-53.12%	-19.71%	-12.11%
Operating Return on Assets (OROA)	0.00%	16.23%	-16.40%	-12.93%	-4.70%	0.82%
Return on Assets (ROA)	0.00%	15.46%	-14.39%	-12.54%	-2.54%	2.94%
Return on Common Equity (ROCE)	0.00%	108.87%	-6.28%	-3.82%	-0.87%	1.01%
Return on Equity Simple (ROE_SIMPLE)	0.00%	102.59%	-62.51%	-81.17%	-14.57%	23.13%
Net Operating Profit after Tax (NOPAT)	13	22	-30	-34	-13	3.41
NOPAT Margin	7.76%	13.17%	-13.37%	-17.49%	-5.74%	1.18%
Net Nonoperating Expense Percent (NNEP)	0.00%	16.24%	-7.39%	-6.37%	1.35%	4.29%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-12.97%	-4.67%	1.24%
Cost of Revenue to Revenue	57.04%	53.41%	57.83%	59.20%	54.04%	54.34%
SG&A Expenses to Revenue	11.99%	10.67%	20.93%	22.55%	20.34%	17.67%
R&D to Revenue	5.60%	5.26%	11.32%	10.80%	11.10%	8.21%
Operating Expenses to Revenue	35.20%	33.42%	61.27%	65.78%	54.16%	44.46%
Earnings before Interest and Taxes (EBIT)	14	22	-43	-50	-18	3.47
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	24	32	-32	-34	0.30	24
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	12.43	9.78	4.18	6.32	22.17
Price to Tangible Book Value (P/TBV)	0.00	53.42	12.80	5.36	7.76	37.77
Price to Revenue (P/Rev)	1.52	1.51	2.62	1.25	1.94	4.13
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	505.32
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.20%
Enterprise Value to Invested Capital (EV/IC)	0.00	6.54	9.57	4.18	7.27	17.51
Enterprise Value to Revenue (EV/Rev)	0.00	1.64	2.63	1.25	1.89	4.18
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.54	0.00	0.00	1,418.01	50.48
Enterprise Value to EBIT (EV/EBIT)	0.00	12.52	0.00	0.00	0.00	348.74
Enterprise Value to NOPAT (EV/NOPAT)	0.00	12.47	0.00	0.00	0.00	354.49
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	14.38	20.57	0.00	11.16	23.35
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.00	0.85	0.06	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.73	0.06	0.00	0.00	0.00
Financial Leverage	0.00	0.50	-0.67	-0.78	-0.78	-0.77
Leverage Ratio	0.00	4.83	1.68	1.40	1.45	1.54
Compound Leverage Factor	0.00	4.60	1.48	1.36	0.77	5.65
Debt to Total Capital	0.00%	46.01%	5.83%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	6.56%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	39.46%	5.83%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	14.66%	74.12%	77.71%	75.12%	80.36%
Common Equity to Total Capital	0.00%	39.33%	20.05%	22.29%	24.88%	19.64%
Debt to EBITDA	0.00	0.74	-0.55	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.44	6.97	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.64	-0.55	0.00	0.00	0.00
Debt to NOPAT	0.00	1.08	-0.58	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.64	7.38	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.93	-0.58	0.00	0.00	0.00
Altman Z-Score	0.00	2.65	4.28	2.00	2.92	5.41
Noncontrolling Interest Sharing Ratio	0.00%	27.16%	74.12%	78.22%	76.39%	77.74%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	0.00	1.30	4.24	3.61	3.13	2.49
Quick Ratio	0.00	1.25	4.20	3.54	3.07	2.42
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-20	-50	-32	-12	-7.69
Operating Cash Flow to CapEx	166.81%	240.72%	388.84%	-40.00%	280.14%	291.74%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	3.30	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.32	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.00	1.24	0.86	0.51	0.57	0.68
Accounts Receivable Turnover	0.00	1.84	2.24	1.86	2.03	2.19
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	11.95	12.40	8.68	8.68	9.68
Accounts Payable Turnover	0.00	2.97	4.14	3.34	2.85	2.65
Days Sales Outstanding (DSO)	0.00	198.27	163.27	196.60	179.39	166.84
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	123.09	88.21	109.35	127.86	137.79
Cash Conversion Cycle (CCC)	0.00	75.19	75.06	87.24	51.53	29.05
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	0.00	42	62	59	58	69
Invested Capital Turnover	0.00	7.96	4.35	3.26	3.81	4.56
Increase / (Decrease) in Invested Capital	0.00	42	20	-2.40	-1.26	11
Enterprise Value (EV)	0.00	271	590	247	421	1,209
Market Capitalization	250	250	588	247	431	1,194
Book Value per Share	$0.00	$50.29	$0.99	$0.96	$1.09	$0.86
Tangible Book Value per Share	$0.00	$11.70	$0.76	$0.75	$0.89	$0.50
Total Capital	0.00	51	300	266	274	274
Total Debt	0.00	24	18	0.00	0.00	0.00
Total Long-Term Debt	0.00	20	18	0.00	0.00	0.00
Net Debt	0.00	14	-221	-207	-216	-205
Capital Expenditures (CapEx)	7.81	7.84	7.37	8.83	13	18
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	18	31	21	15	12
Debt-free Net Working Capital (DFNWC)	0.00	28	269	228	232	217
Net Working Capital (NWC)	0.00	24	269	228	232	217
Net Nonoperating Expense (NNE)	2.87	1.13	7.65	14	-2.86	-9.04
Net Nonoperating Obligations (NNO)	0.00	14	-221	-207	-216	-205
Total Depreciation and Amortization (D&A)	10	10	11	16	19	20
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	10.86%	13.67%	10.74%	6.78%	4.15%
Debt-free Net Working Capital to Revenue	0.00%	16.69%	120.08%	115.51%	103.87%	75.04%
Net Working Capital to Revenue	0.00%	14.66%	120.08%	115.51%	103.87%	75.04%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.63)	($0.84)	($0.23)	$0.15
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	12.36M	14.19M	15.22M	16.22M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.63)	($0.84)	($0.23)	$0.14
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	12.36M	14.19M	15.22M	20.47M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	60.82M	61.73M	62.83M	63.07M
Normalized Net Operating Profit after Tax (NOPAT)	8.96	15	-30	-34	-13	3.41
Normalized NOPAT Margin	5.43%	9.22%	-13.37%	-17.49%	-5.74%	1.18%
Pre Tax Income Margin	6.02%	12.49%	-16.78%	-24.39%	-4.39%	4.39%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	3.51	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	3.24	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.53	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	1.26	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	51.10%	-19.38%	-0.03%	-102.13%	47.81%
Augmented Payout Ratio	0.00%	51.10%	-19.38%	-0.03%	-102.13%	47.81%

This table displays calculated financial ratios and metrics derived from Viant Technology's official financial filings.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	62,433,606.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	62,433,606.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.01
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.76%	22.03%	18.16%	27.98%	15.10%	34.13%	39.82%	32.31%	18.20%	7.08%	25.33%
EBITDA Growth	83.19%	122.12%	219.71%	80.11%	298.19%	311.78%	87.39%	147.50%	27.47%	9.71%	469.55%
EBIT Growth	62.68%	78.11%	109.57%	49.14%	85.30%	243.16%	569.13%	8.96%	101.55%	4.81%	23.65%
NOPAT Growth	61.87%	78.10%	113.81%	48.76%	80.33%	305.08%	541.36%	14.63%	101.98%	-5.38%	18.54%
Net Income Growth	77.27%	94.59%	141.31%	65.72%	146.46%	1,061.01%	133.37%	-2.89%	20.09%	-20.21%	33.78%
EPS Growth	70.83%	86.36%	126.67%	64.71%	100.00%	400.00%	175.00%	-16.67%	0.00%	-33.33%	57.14%
Operating Cash Flow Growth	156.85%	176.08%	137.62%	779.29%	25.82%	367.90%	-29.07%	-216.00%	45.69%	-82.14%	165.70%
Free Cash Flow Firm Growth	97.03%	138.40%	153.25%	-1,322.61%	-3,159.68%	-196.04%	-350.11%	113.17%	120.50%	80.55%	-611.08%
Invested Capital Growth	-4.41%	-25.53%	-2.14%	52.15%	47.61%	36.20%	19.15%	-8.80%	-6.76%	8.57%	25.20%
Revenue Q/Q Growth	37.16%	4.13%	8.09%	-17.10%	23.36%	21.34%	12.68%	-21.56%	10.21%	9.93%	0.00%
EBITDA Q/Q Growth	77.99%	214.48%	200.46%	-126.27%	319.32%	137.85%	36.73%	-97.59%	1,984.96%	80.29%	0.00%
EBIT Q/Q Growth	53.09%	46.31%	131.24%	-746.31%	86.44%	622.93%	46.02%	-187.94%	100.23%	35,158.33%	0.00%
NOPAT Q/Q Growth	52.73%	46.32%	145.11%	-547.65%	81.86%	659.79%	41.06%	-159.58%	100.42%	26,612.36%	0.00%
Net Income Q/Q Growth	65.84%	79.02%	592.26%	-197.16%	146.30%	334.01%	19.54%	-142.84%	154.04%	188.36%	0.00%
EPS Q/Q Growth	58.82%	57.14%	233.33%	-250.00%	100.00%	0.00%	22.22%	-163.64%	128.57%	200.00%	0.00%
Operating Cash Flow Q/Q Growth	2,121.24%	-68.06%	537.31%	-83.49%	274.39%	18.79%	-3.39%	-127.00%	570.22%	-85.44%	0.00%
Free Cash Flow Firm Q/Q Growth	63.82%	2,380.64%	-89.51%	-52.14%	17.10%	32.80%	72.69%	186.60%	28.99%	-163.77%	0.00%
Invested Capital Q/Q Growth	-0.19%	9.19%	-11.80%	10.00%	-3.18%	0.75%	-22.84%	21.17%	-1.02%	17.32%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	41.42%	48.03%	49.30%	44.04%	46.68%	44.20%	47.18%	43.26%	46.09%	46.55%	41.08%
EBITDA Margin	-2.99%	3.29%	9.15%	-2.90%	5.15%	10.10%	12.26%	0.38%	7.12%	11.68%	1.71%
Operating Margin	-9.18%	-4.73%	1.37%	-10.66%	-1.17%	5.05%	6.56%	-6.88%	0.02%	4.94%	-4.47%
EBIT Margin	-9.18%	-4.73%	1.37%	-10.66%	-1.17%	5.05%	6.55%	-7.34%	0.02%	4.94%	-4.47%
Profit (Net Income) Margin	-5.60%	-1.13%	5.14%	-6.02%	2.26%	8.08%	8.57%	-4.68%	2.30%	6.02%	-2.47%
Tax Burden Percent	100.00%	136.86%	100.92%	97.01%	93.76%	100.22%	96.71%	95.58%	119.45%	90.50%	84.36%
Interest Burden Percent	60.99%	17.41%	372.08%	58.18%	-205.57%	159.62%	135.42%	66.74%	12,466.67%	134.58%	65.59%
Effective Tax Rate	0.00%	0.00%	-0.92%	0.00%	6.24%	-0.22%	3.29%	0.00%	-19.45%	9.50%	0.00%
Return on Invested Capital (ROIC)	-21.11%	-9.17%	5.26%	-23.04%	-3.58%	17.21%	28.88%	-16.83%	0.07%	15.54%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-21.34%	-9.85%	4.12%	-23.44%	-4.73%	15.97%	27.93%	-16.89%	-0.93%	14.79%	0.00%
Return on Net Nonoperating Assets (RNNOA)	16.43%	7.02%	-3.22%	16.75%	3.41%	-11.43%	-21.46%	11.28%	0.63%	-9.64%	0.00%
Return on Equity (ROE)	-4.69%	-2.15%	2.04%	-6.29%	-0.17%	5.77%	7.42%	-5.55%	0.69%	5.91%	0.00%
Cash Return on Invested Capital (CROIC)	-39.21%	3.44%	-19.71%	-53.23%	-48.13%	-32.65%	-12.11%	14.04%	13.03%	-2.73%	-22.38%
Operating Return on Assets (OROA)	-5.15%	-2.74%	0.78%	-6.72%	-0.74%	3.29%	4.48%	-5.70%	0.01%	3.88%	0.00%
Return on Assets (ROA)	-3.14%	-0.65%	2.93%	-3.80%	1.43%	5.27%	5.86%	-3.63%	1.81%	4.73%	0.00%
Return on Common Equity (ROCE)	-1.05%	-0.50%	0.48%	-1.48%	-0.04%	1.31%	1.65%	-1.07%	0.12%	0.91%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-54.80%	-32.86%	0.00%	-5.76%	1.44%	13.53%	0.00%	33.91%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-3.68	-1.97	0.89	-3.98	-0.72	4.05	5.71	-3.40	0.01	3.83	-2.77
NOPAT Margin	-6.42%	-3.31%	1.38%	-7.46%	-1.10%	5.06%	6.34%	-4.81%	0.02%	4.47%	-3.13%
Net Nonoperating Expense Percent (NNEP)	0.23%	0.68%	1.14%	0.40%	1.14%	1.23%	0.95%	0.05%	1.00%	0.76%	0.32%
Return On Investment Capital (ROIC_SIMPLE)	-	-	0.32%	-	-	-	2.08%	-1.32%	0.01%	1.48%	-0.95%
Cost of Revenue to Revenue	58.58%	51.97%	50.70%	55.96%	53.32%	55.80%	52.82%	56.74%	53.91%	53.45%	58.92%
SG&A Expenses to Revenue	19.38%	18.70%	18.15%	20.74%	19.15%	15.83%	16.40%	20.22%	16.31%	13.05%	19.11%
R&D to Revenue	10.79%	10.32%	10.15%	9.80%	8.83%	7.05%	7.84%	9.78%	9.88%	9.00%	8.06%
Operating Expenses to Revenue	50.59%	52.76%	47.93%	54.70%	47.85%	39.15%	40.63%	50.14%	46.08%	41.61%	45.55%
Earnings before Interest and Taxes (EBIT)	-5.25	-2.82	0.88	-5.69	-0.77	4.04	5.90	-5.18	0.01	4.23	-3.96
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-1.71	1.96	5.89	-1.55	3.40	8.08	11	0.27	5.55	10.00	1.52
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	4.76	5.40	6.32	10.21	9.94	11.77	22.17	21.47	30.13	23.30	0.00
Price to Tangible Book Value (P/TBV)	6.04	6.73	7.76	12.63	12.41	14.92	37.77	56.61	164.53	516.41	0.00
Price to Revenue (P/Rev)	1.42	1.64	1.94	2.85	2.58	2.65	4.13	2.55	2.60	1.68	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	563.75	505.32	369.39	351.64	294.77	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.18%	0.20%	0.27%	0.28%	0.34%	0.00%
Enterprise Value to Invested Capital (EV/IC)	4.76	5.34	7.27	7.59	7.35	8.16	17.51	9.92	10.67	6.35	0.00
Enterprise Value to Revenue (EV/Rev)	1.42	1.65	1.89	2.97	2.68	2.77	4.18	2.71	2.77	1.90	0.00
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	1,418.01	269.72	84.86	38.82	50.48	33.50	34.01	22.98	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	348.74	208.74	185.52	124.56	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	354.49	195.55	170.68	120.42	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.08	14.43	11.16	16.51	14.46	12.47	23.35	19.09	17.65	17.13	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	132.47	0.00	0.00	0.00	0.00	0.00	67.41	79.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.10	0.10	0.10	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.09	0.08	0.08	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.77	-0.71	-0.78	-0.71	-0.72	-0.72	-0.77	-0.67	-0.67	-0.65	-0.66
Leverage Ratio	1.35	1.38	1.45	1.40	1.44	1.48	1.54	1.50	1.53	1.54	1.52
Compound Leverage Factor	0.82	0.24	5.39	0.81	-2.95	2.36	2.09	1.00	190.59	2.07	1.00
Debt to Total Capital	0.00%	0.00%	0.00%	9.17%	8.91%	8.83%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	1.26%	1.36%	1.50%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	7.91%	7.55%	7.34%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	77.19%	75.92%	75.12%	68.80%	69.97%	71.62%	80.36%	85.85%	89.25%	90.98%	70.62%
Common Equity to Total Capital	22.81%	24.08%	24.88%	22.03%	21.12%	19.54%	19.64%	14.15%	10.75%	9.02%	29.38%
Debt to EBITDA	0.00	0.00	0.00	10.58	3.46	1.43	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	-69.28	-23.82	-9.99	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	9.13	2.93	1.19	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	-3.03	-3.69	-17.32	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	19.83	25.42	121.02	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	-2.61	-3.13	-14.38	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	2.86	3.01	3.08	4.30	3.84	3.88	5.43	4.54	4.60	3.49	0.00
Noncontrolling Interest Sharing Ratio	77.66%	76.91%	76.39%	76.41%	77.00%	77.26%	77.74%	80.67%	82.84%	84.55%	77.78%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.02	3.60	3.13	3.24	2.99	2.77	2.49	2.71	2.56	2.62	2.87
Quick Ratio	3.97	3.54	3.07	3.16	2.92	2.69	2.42	2.61	2.50	2.54	2.82
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-0.90	21	2.15	-35	-29	-20	-5.39	4.67	6.02	-3.84	-24
Operating Cash Flow to CapEx	301.40%	114.07%	609.25%	94.49%	305.98%	366.05%	381.47%	-119.58%	436.22%	62.65%	74.43%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.56	0.58	0.57	0.63	0.63	0.65	0.68	0.78	0.79	0.79	0.00
Accounts Receivable Turnover	2.21	2.13	2.03	2.41	2.29	2.18	2.19	2.50	2.47	2.33	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.37	8.55	8.68	8.75	8.72	9.04	9.68	9.89	9.97	9.77	0.00
Accounts Payable Turnover	3.88	3.90	2.85	3.49	2.73	2.92	2.65	2.99	2.69	2.76	0.00
Days Sales Outstanding (DSO)	165.51	171.03	179.39	151.16	159.72	167.34	166.84	145.77	148.00	156.78	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	94.05	93.59	127.86	104.53	133.93	125.15	137.79	122.09	135.76	132.06	0.00
Cash Conversion Cycle (CCC)	71.46	77.44	51.53	46.63	25.79	42.18	29.05	23.68	12.24	24.72	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	60	66	58	92	89	89	69	84	83	97	105
Invested Capital Turnover	3.29	2.77	3.81	3.09	3.27	3.40	4.56	3.50	3.71	3.47	0.00
Increase / (Decrease) in Invested Capital	-2.78	-23	-1.26	31	29	24	11	-8.07	-6.00	7.67	21
Enterprise Value (EV)	286	351	421	696	652	730	1,209	830	883	617	0.00
Market Capitalization	286	350	431	670	627	700	1,194	783	828	543	0.00
Book Value per Share	$0.97	$1.04	$1.09	$1.04	$0.99	$0.94	$0.86	$0.58	$0.44	$0.37	$4.79
Tangible Book Value per Share	$0.76	$0.83	$0.89	$0.84	$0.80	$0.74	$0.50	$0.22	$0.08	$0.02	$3.56
Total Capital	264	269	274	298	299	304	274	258	256	258	290
Total Debt	0.00	0.00	0.00	27	27	27	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	24	23	22	0.00	0.00	0.00	0.00	0.00
Net Debt	-204	-203	-216	-179	-183	-188	-205	-174	-173	-161	-186
Capital Expenditures (CapEx)	3.79	3.20	3.82	4.06	4.70	4.66	4.32	3.72	4.80	4.87	3.93
Debt-free, Cash-free Net Working Capital (DFCFNWC)	20	24	15	24	22	20	12	25	20	33	34
Debt-free Net Working Capital (DFNWC)	224	227	232	230	231	235	217	199	192	194	220
Net Working Capital (NWC)	224	227	232	227	227	230	217	199	192	194	220
Net Nonoperating Expense (NNE)	-0.47	-1.30	-2.42	-0.77	-2.21	-2.41	-2.01	-0.09	-1.77	-1.32	-0.58
Net Nonoperating Obligations (NNO)	-204	-203	-216	-179	-183	-188	-205	-174	-173	-161	-186
Total Depreciation and Amortization (D&A)	3.54	4.78	5.01	4.15	4.17	4.04	5.15	5.45	5.53	5.77	5.47
Debt-free, Cash-free Net Working Capital to Revenue	9.93%	11.17%	6.78%	10.32%	8.88%	7.64%	4.15%	8.21%	6.14%	10.04%	0.00%
Debt-free Net Working Capital to Revenue	110.73%	106.47%	103.87%	98.15%	95.10%	89.06%	75.04%	64.94%	60.40%	59.80%	0.00%
Net Working Capital to Revenue	110.73%	106.47%	103.87%	96.55%	93.43%	87.34%	75.04%	64.94%	60.40%	59.80%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.07)	($0.03)	$0.04	($0.06)	$0.00	$0.09	$0.12	($0.07)	$0.02	$0.06	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	15.14M	15.39M	15.22M	15.95M	16.48M	16.29M	16.22M	16.44M	16.00M	16.33M	17.83M
Adjusted Diluted Earnings per Share	($0.07)	($0.03)	$0.04	($0.06)	$0.00	$0.09	$0.11	($0.07)	$0.02	$0.06	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	15.14M	15.39M	15.22M	15.95M	19.24M	19.99M	20.47M	16.44M	19.90M	19.18M	63.45M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	62.42M	62.62M	62.83M	63.49M	63.20M	62.85M	63.07M	62.57M	62.95M	62.43M	65.53M
Normalized Net Operating Profit after Tax (NOPAT)	-3.68	-1.97	0.62	-3.98	-0.72	2.83	5.71	-3.40	0.01	3.83	-2.77
Normalized NOPAT Margin	-6.42%	-3.31%	0.96%	-7.46%	-1.10%	3.54%	6.34%	-4.81%	0.01%	4.47%	-3.13%
Pre Tax Income Margin	-5.60%	-0.82%	5.09%	-6.20%	2.41%	8.06%	8.86%	-4.90%	1.92%	6.65%	-2.93%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-14.67%	-24.49%	-102.13%	-392.81%	1,151.87%	127.54%	47.81%	39.44%	58.48%	63.98%	0.00%
Augmented Payout Ratio	-14.67%	-24.49%	-102.13%	-392.81%	1,151.87%	127.54%	47.81%	39.44%	58.48%	63.98%	0.00%

Financials Breakdown Chart

Key Financial Trends

Viant Technology (NASDAQ: DSP) showed a clear improvement in operating performance in Q1 2026 versus the prior year, but the quarter still ended in a small net loss for common shareholders. Revenue growth continued, margins improved somewhat, and the company remained debt-free, though working capital and noncontrolling interests make the balance sheet look more complex than a typical small-cap software ad business.

Q1 2026 revenue rose to $88.5 million, up from $70.6 million in Q1 2025 and $79.9 million in Q3 2024, showing continued top-line growth.
Gross profit increased to $36.4 million in Q1 2026, with gross margin of about 41.1%, a slight improvement from Q1 2025.
The company generated $2.9 million of operating cash flow in Q1 2026, compared with negative operating cash flow in Q1 2025, indicating better underlying cash generation.
Viant ended Q1 2026 with $185.7 million in cash and equivalents and no long-term debt, giving it a strong liquidity position.
Year-over-year operating leverage appears to be improving: operating loss narrowed to $4.0 million from a $4.9 million operating loss in Q1 2025.
The company continues to spend heavily on growth, with combined SG&A, marketing, and R&D totaling $40.3 million in Q1 2026.
Accounts receivable remained elevated at $146.2 million, which is common for an ad-tech business but still worth monitoring for collection trends.
Noncontrolling interests are very large relative to common equity, which makes the equity section harder to interpret for retail investors.
Despite better revenue and cash flow, Q1 2026 still produced a $455,000 loss attributable to common shareholders.
Free cash flow was negative once capital spending is included: operating cash flow of $2.9 million minus capex of $3.9 million leaves the quarter slightly negative.

Looking at the multi-year trend, Viant has moved from deeper losses in early 2023 and early 2024 toward much better profitability by late 2024 and 2025, when it posted several profitable quarters. Q1 2026 was weaker than those late-2024/2025 peaks, but still notably better than the company’s earlier loss-making periods.

On the balance sheet, total assets were $439.0 million against total liabilities of $148.6 million in Q1 2026, which suggests a reasonably solid financial foundation. The main watch items are profitability consistency, the high level of receivables, and whether revenue growth can translate into sustained earnings rather than just periodic improvements.

06/11/26 03:26 AM ETAI Generated. May Contain Errors.

Viant Technology Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Viant Technology's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

Viant Technology's net income appears to be on an upward trend, with a most recent value of $12.45 million in 2024, rising from $9.92 million in 2019. The previous period was -$9.94 million in 2023. See where experts think Viant Technology is headed by visiting Viant Technology's forecast page.

Viant Technology's total operating income in 2024 was $3.48 million, based on the following breakdown:

Total Gross Profit: $132.07 million
Total Operating Expenses: $128.59 million

Over the last 5 years, Viant Technology's total revenue changed from $164.89 million in 2019 to $289.24 million in 2024, a change of 75.4%.

Viant Technology's total liabilities were at $185.86 million at the end of 2025, a 11.5% increase from 2024, and a 75.5% increase since 2020.

In the past 5 years, Viant Technology's cash and equivalents has ranged from $9.63 million in 2020 to $238.48 million in 2021, and is currently $191.15 million as of their latest financial filing in 2025.

Over the last 5 years, Viant Technology's book value per share changed from 0.00 in 2019 to 0.86 in 2024, a change of 85.7%.

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Financial statements for NASDAQ:DSP last updated on 5/22/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Viant Technology (DSP) Financials

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Viant Technology (DSP) Financials

Annual Income Statements for Viant Technology

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Quarterly Cash Flow Statements for Viant Technology

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Quarterly Metrics And Ratios for Viant Technology

Financials Breakdown Chart

Key Financial Trends

Viant Technology Financials - Frequently Asked Questions

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