Viant Technology (DSP) AI Stock Analysis

• Market Cap: $653.06M
• Dividend Yield: N/A
• Average Volume (3M): 297.55K
• Price to Earnings (P/E): 396.2
• Beta (1Y): 1.56
• Revenue Growth: 22.97%
• EPS Growth: 49.49%
• Country: US
• Employees: 383
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.06
• Shares Outstanding: 16,678,890
• 10 Day Avg. Volume: 286,093
• 30 Day Avg. Volume: 297,554
• PEG Ratio: -0.79
• Price to Book (P/B): 5.72
• Price to Sales (P/S): 1.07
• P/FCF Ratio: 6.25
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 2.03
• Enterprise Value/Gross Profit: 4.41
• Enterprise Value/Ebitda: 26.75
• 1Y Price Target: $18.70
• Price Target Upside: 78.78% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 0.13
• Revenue Forecast (FY): $204.36M

• Rating: 64 Neutral
• Price Target: $11.00 ▲(5.16% Upside)

Viant Technology's overall stock score reflects a mix of positive earnings call sentiment and technical momentum, offset by high valuation concerns and moderate financial performance. The company's strategic partnerships and growth in CTV are promising, but profitability and cash flow management need improvement.

Positive Factors

Revenue Growth

The consistent revenue growth demonstrates Viant's expanding market reach and successful adoption of its platform, indicating strong business fundamentals.

Strategic Partnerships

The partnership with Molson Coors solidifies Viant's position in the programmatic ad space, enhancing its market presence and long-term growth potential.

CTV Growth

The surge in CTV ad spend reflects Viant's strong positioning in a growing market segment, supporting sustainable revenue growth and competitive advantage.

Negative Factors

Profitability Challenges

Low net profit margins indicate challenges in achieving profitability, which could impact long-term financial health and investment capacity.

Declining Free Cash Flow

A significant decline in free cash flow raises concerns about Viant's ability to fund operations and growth initiatives without external financing.

Non-GAAP Net Income Decline

The decline in non-GAAP net income suggests potential operational inefficiencies and could hinder Viant's ability to reinvest in growth opportunities.

Viant Technology Business Overview & Revenue Model

Company Description

Viant Technology is a leading advertising technology company that specializes in providing a robust demand-side platform (DSP) for digital advertising. The company operates within the AdTech sector, focusing on programmatic media buying across various channels, including display, video, and mobile advertising. Viant's core products include its proprietary DSP, which allows advertisers to efficiently manage their ad campaigns, optimize targeting, and analyze performance in real-time, as well as its audience data solutions that enhance targeting precision and campaign effectiveness.

How the Company Makes Money

Viant Technology generates revenue primarily through its demand-side platform by charging advertisers for access to its services, which include media buying, campaign management, and data analytics. The company earns money through a combination of transaction fees and service fees associated with the digital ads purchased through its platform. Additionally, Viant benefits from partnerships with media publishers and data providers, which allow it to enhance its inventory offerings and audience targeting capabilities. The company's revenue model is further supported by its ability to provide detailed insights and performance metrics to clients, incentivizing continued use of its platform and services.

Viant Technology Financial Statement Overview

Summary

Viant Technology shows a positive revenue growth trend with stable gross profit margins, but profitability remains a challenge with a low net profit margin. The balance sheet reflects improved leverage management, while cash flow statements highlight potential liquidity concerns due to declining free cash flow.

Income Statement

Viant Technology shows a positive revenue growth trend with a TTM growth rate of 1.78%, indicating recovery from previous declines. Gross profit margin remains stable around 45%, reflecting efficient cost management. However, net profit margin is low at 0.74%, suggesting limited profitability. The EBIT and EBITDA margins are modest, indicating room for operational efficiency improvements.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.86 in TTM, showing better leverage management compared to previous years. Return on equity is modest at 5.31%, indicating moderate returns on shareholder investments. The equity ratio is not provided, but the overall balance sheet suggests a cautious approach to debt management.

Cash Flow

Operating cash flow remains positive, but free cash flow has decreased by 40.16% in TTM, indicating potential cash management challenges. The free cash flow to net income ratio is healthy at 1.03, suggesting efficient cash conversion from profits. However, the decline in free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	324.13M	289.24M	222.93M	197.17M	224.13M	165.25M
Gross Profit	148.77M	132.07M	102.45M	80.44M	94.52M	74.22M
EBITDA	24.55M	19.94M	-3.56M	-36.13M	-31.65M	31.78M
Net Income	6.00M	2.36M	-3.44M	-11.91M	-7.74M	11.26M
Balance Sheet
Total Assets	395.89M	440.80M	404.91M	377.88M	389.13M	133.52M
Cash, Cash Equivalents and Short-Term Investments	161.29M	205.05M	216.46M	206.57M	238.48M	9.63M
Total Debt	22.63M	26.01M	25.43M	28.71M	17.50M	23.54M
Total Liabilities	137.48M	166.73M	130.52M	112.11M	106.56M	113.40M
Stockholders Equity	23.32M	53.84M	68.26M	59.25M	60.16M	20.12M
Cash Flow
Free Cash Flow	27.06M	49.27M	36.56M	-4.29M	21.29M	18.44M
Operating Cash Flow	36.02M	51.77M	37.75M	-3.53M	28.66M	18.88M
Investing Cash Flow	-31.76M	-27.74M	-13.48M	-8.83M	-7.37M	-7.84M
Financing Cash Flow	-57.61M	-35.43M	-14.39M	-19.55M	207.56M	-6.22M

Viant Technology Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.46
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DSP, the sentiment is Positive. The current price of 10.46 is above the 20-day moving average (MA) of 9.55, above the 50-day MA of 9.04, and below the 200-day MA of 12.47, indicating a neutral trend. The MACD of 0.33 indicates Negative momentum. The RSI at 61.96 is Neutral, neither overbought nor oversold. The STOCH value of 73.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DSP.

Viant Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RDVT	75 Outperform	$768.79M	70.85	11.58%	―	22.27%	117.93%
DSP	64 Neutral	$653.06M	396.21	4.45%	―	22.97%	49.49%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
PUBM	57 Neutral	$422.37M	―	-2.85%	―	-0.68%	-146.14%
ONTF	54 Neutral	$235.94M	―	-20.20%	―	-6.23%	28.57%
APPS	50 Neutral	$661.57M	―	-46.87%	―	6.82%	75.26%
BMBL	47 Neutral	$397.97M	―	-25.34%	―	-7.43%	61.36%

Viant Technology Corporate Events

Viant Technology’s Earnings Call Highlights Growth and Strategic Partnerships

The recent earnings call for Viant Technology, Inc. was marked by an optimistic tone, underscored by strong performances and strategic advancements. The company showcased notable growth in Connected TV (CTV) and announced a significant partnership with Molson Coors. Despite facing temporary challenges such as political ad spend and a client merger, Viant demonstrated robust revenue growth, with a positive outlook on its financial health and strategic direction.

Viant Technology Reports Record Q3 2025 Results

Viant Technology, Inc., a leader in AI-powered programmatic advertising, specializes in digital marketing solutions, particularly in the Connected TV (CTV) space, with a focus on autonomous advertising through its ViantAI platform.

Viant Technology’s Earnings Call: Growth Amid Challenges

Viant Technology, Inc. recently held its earnings call, revealing a mixed sentiment with strong financial performance and growth in AI and CTV offerings, yet facing challenges due to economic policies and client losses. The call highlighted significant achievements in revenue growth and strategic advancements, while also addressing temporary setbacks impacting short-term projections.