Education
About Us
Working with TipRanks
Follow Us
Viant Technology (DSP)
NASDAQ:DSP
Top Page
Viant Technology
(NASDAQ:DSP)
Select Model
Select Model
Rating:65Neutral
Price Target:
$11.50
▲(0.00% Upside)
Viant Technology's overall score is driven by strong earnings call performance and positive technical indicators, suggesting short-term momentum. However, high valuation concerns and profitability challenges weigh down the score. The company's strategic advancements and partnerships provide a positive outlook, but financial improvements are necessary for a higher score.
Positive Factors
Revenue Growth
The consistent revenue growth indicates a strong recovery trajectory and highlights the company's ability to expand its market presence and enhance its competitive positioning.
Strategic Partnerships
The partnership with Molson Coors positions Viant as a key player in programmatic ad campaigns, potentially driving long-term revenue and market share growth.
Cash Position
A strong cash position with no debt enhances financial flexibility, allowing for strategic investments and cushioning against market volatility.
Negative Factors
Profitability Challenges
Low profitability margins indicate challenges in converting revenue into profit, which could hinder long-term financial sustainability and growth potential.
Free Cash Flow Decline
The decline in free cash flow suggests potential cash management issues, impacting the company's ability to invest in growth opportunities and maintain operational flexibility.
Non-GAAP Net Income Decline
A decline in non-GAAP net income reflects challenges in maintaining profitability, which could affect investor confidence and the company's ability to fund future growth.
Viant Technology (DSP) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$724.85M
Dividend YieldN/A
Average Volume (3M)187.34K
Price to Earnings (P/E)439.8
Beta (1Y)1.59
Revenue Growth22.97%
EPS Growth49.49%
CountryUS
Employees386
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)0.06
Shares Outstanding16,678,890
10 Day Avg. Volume137,364
30 Day Avg. Volume187,344
Financial Highlights & Ratios
PEG Ratio-0.79
Price to Book (P/B)5.72
Price to Sales (P/S)1.07
P/FCF Ratio6.25
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.02
Enterprise Value/Ebitda0.09
Forecast
1Y Price Target
$18.70Price Target Upside62.61% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Viant Technology Business Overview & Revenue Model
Company DescriptionViant Technology Inc. operates as an advertising technology company. 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 in order 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, multi-touch 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 founded in 1999 and is headquartered in Irvine, California. Viant Inc. operates as a subsidiary of American Lifecare Holdings Inc.
How the Company Makes MoneyViant 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 Earnings Call Summary
Earnings Call Date:Nov 10, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Mar 09, 2026
Earnings Call Sentiment Positive
The earnings call for Viant Technology highlighted several strong performances and strategic advancements, particularly in CTV growth and the formation of a significant partnership with Molson Coors. The company demonstrated robust revenue growth despite temporary challenges related to political ad spend and a client merger. While non-GAAP net income saw a decline, the overall financial health and strategic direction appear positive.Q3-2025 Updates
Positive Updates
Record-Breaking Revenue and Growth
Viant Technology Inc. reported a 7% year-over-year increase in revenue and a 12% increase in contribution ex TAC, both exceeding the midpoint of their guidance range. Excluding temporary items like political advertising, revenue and contribution ex TAC increased by 19-22% respectively.
Strong Performance in CTV
CTV ad spend reached an all-time high, accounting for 46% of total advertiser spend on Viant's platform. Nearly half of this spend was directed through their direct access publisher program.
Molson Coors Partnership
Viant secured a multiyear partnership with Molson Coors, designating Viant as the advertising platform for their programmatic ad campaigns across the US starting in 2026.
Viant AI Product Suite Advancements
The Viant AI product suite has rolled out three of its four phases, with AI bidding automating 85% of ad spend and contributing x TAC doubling year-over-year. AI planning and AI measurement and analysis have been enhanced, and AI decisioning is set to launch by year-end.
Increased Customer Engagement
A 39% increase in customers generating over $1 million in contribution ex TAC was reported, with top 100 customers showing an 18% growth in contribution ex TAC.
Strong Financial Position
Viant ended the quarter with $161 million in cash and no debt, with a share repurchase program returning $59.6 million to shareholders.
Negative Updates
Temporary Political Ad Spend Impact
Political ad spend from the prior election cycle notably weighed on revenue growth by approximately 600 basis points and contribution ex TAC growth by approximately 400 basis points.
Impact of Client Merger
The departure of a seasonal advertiser due to a corporate merger weighed on growth by approximately 600 basis points, primarily impacting Q3.
Non-GAAP Net Income Decline
Non-GAAP net income decreased by 9% year-over-year to $11.2 million, primarily due to lower interest income and higher income tax expenses.
Company Guidance
During Viant Technology Inc.'s third quarter 2025 earnings call, the company reported record performance across key financial metrics and provided guidance for Q4 2025. Revenue increased by 7% year over year and contribution ex-TAC rose by 12% year over year, with adjusted EBITDA up 9% to $16 million, surpassing the high end of their guidance range. The company highlighted significant growth drivers such as new customer wins, increased CTV and streaming audio demand, and the adoption of Viant's addressability solutions, including Household ID and Iris ID. Viant's strategic partnership with Molson Coors was a major highlight, positioning Viant as a key player in the autonomous advertising platform space. Looking ahead to Q4 2025, Viant anticipates revenue between $101.5 million and $104.5 million, contribution ex-TAC of $62 million to $64 million, and adjusted EBITDA between $22.5 million and $23.5 million, reflecting continued strong growth and margin expansion despite temporary headwinds from prior-year political ad spend.Viant Technology Financial Statement Overview
Summary
Viant Technology shows a recovering revenue trajectory with stable gross margins, yet profitability remains a challenge. Improved leverage management is noted, but declining free cash flow raises liquidity concerns. Overall, the company is on a recovery path but needs to enhance profitability and cash management.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.65
Positive
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.58
Neutral
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.60
Neutral
| 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 | 1.84M | 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 | 27.62M |
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
Positive
11.50
Price Trends
10.92
Positive
10.03
Positive
11.68
Negative
Market Momentum
0.14
Positive
52.64
Neutral
36.01
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 11.5 is below the 20-day moving average (MA) of 11.77, above the 50-day MA of 10.92, and below the 200-day MA of 11.68, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 52.64 is Neutral, neither overbought nor oversold. The STOCH value of 36.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DSP.
Viant Technology Risk Analysis
Viant Technology disclosed 54 risk factors in its most recent earnings report. Viant Technology reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Viant Technology Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $716.67M | 66.05 | 11.58% | ― | 22.27% | 117.93% | |
65 Neutral | $724.85M | 439.77 | 4.45% | ― | 22.97% | 49.49% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $338.43M | -10.78 | -20.20% | ― | -6.23% | 28.57% | |
59 Neutral | $367.60M | -43.30 | -2.85% | ― | -0.68% | -146.14% | |
51 Neutral | $404.73M | -1.88 | -25.34% | ― | -7.43% | 61.36% | |
50 Neutral | $587.66M | -7.19 | -46.87% | ― | 6.82% | 75.26% |
* Technology Sector Average
DSP
Viant Technology
11.61
-6.95
-37.45%
APPS
Digital Turbine
5.24
3.27
165.99%
RDVT
Red Violet
50.87
16.12
46.39%
PUBM
PubMatic
7.92
-6.49
-45.04%
ONTF
ON24
7.97
1.52
23.57%
BMBL
Bumble
3.59
-4.23
-54.09%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.