Viant Technology Inc. (DSP) 10-Year Financial Performance & Capital Metrics

DSP •

TechnologyApplication SoftwareMarketing automation and ad technology

AboutViant Technology Inc. operates as an advertising software company. It provides Adelphic, an enterprise software platform that enables marketers and their advertising agencies to plan, buy, and measure advertising across channels, including desktop, mobile, connected and linear TV, in-game, streaming audio, and digital billboards. The company also offers Holistic, an omnichannel demand side platform for marketers and their agencies to manage omnichannel campaigns and access metrics from each channel to inform decisions in other channels; Viant Household ID, a household profile, which provides household insights for optimized bid decisions and touchpoint collection across consumer pathways, as well as offers holistic targeting and measurement across channels; World Without Cookies software to manage reach and frequency at the household level; and Viant Identity Graph, which reduces or eliminates the need for cookies by enabling matching of people-based identifiers that anchor digital identifiers that allows marketers to reach targeted consumers in a privacy-conscious manner. In addition, it provides Data lake, a software and self-service enables customers with differentiated insights, including conversion lift, multi-touch attribution, foot-traffic data reports, digital-out-of-home lift, sales reporting, and ROAS analytics; onboarding data integrations provides marketers with high match rates to audience insights for segmentation, targeting, and measuring outcomes; and self-service interface that provides customers with 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. The company was founded in 1999 and is headquartered in Irvine, California.Show more

Revenue $289M +29.7%
EBITDA $20M +659.3%
Net Income $2M +168.6%
EPS (Diluted) 0.12 +152.2%
Gross Margin 45.66% -0.6%
EBITDA Margin 6.89% +531.1%
Operating Margin 1.2% +114.7%
Net Margin 0.82% +152.9%
ROE 0.86% +167.6%
ROIC 2.92% +118.2%
Debt/Equity 0.09 +2.4%
Interest Coverage 8.70 +119.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 17.0% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.9%
✓Trading at only 0.8x book value

✗Weaknesses

✗Profits declining 13.6% over 5 years
✗Shares diluted 34.4% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y11.89%

3Y8.87%

TTM22.97%

Profit (Net Income) CAGR

10Y-

5Y-13.58%

3Y-

TTM383.09%

EPS CAGR

10Y-

5Y7.63%

3Y-

TTM-64.85%

ROCE

10Y Avg-3.25%

5Y Avg-0.33%

3Y Avg-7.19%

Latest1.18%

Peer Comparison

Marketing automation and ad technology

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SEMRSemrush Holdings, Inc.	248.45M	11.82	213.74	22.47%	-1.05%	-1.51%	17.39%	0.05
IBTAIbotta, Inc.	807.89M	24.97	208.08	-6.77%	4.71%	5.6%	9.28%	0.09
SRADSportradar Group AG	3.97B	18.26	154.81	26.09%	7.72%	9.63%	3.72%	0.05
DSPViant Technology Inc.	463.5M	10.13	84.42	29.74%	1.85%	2.32%	10.63%	0.09
APPAppLovin Corporation	133.89B	434.77	44.59	16.38%	60.83%	156.17%	2.97%	1.66
DVDoubleVerify Holdings, Inc.	1.71B	10.54	35.13	13.92%	6.77%	4.48%	10.12%	0.09
TTDThe Trade Desk, Inc.	11.55B	23.82	26.18	18.47%	15.31%	17.84%	6.89%	0.18
GTMZoomInfo Technologies Inc.	1.91B	6.21	15.92	2.9%	9.94%	8.23%	20.37%	1.20

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	108.36M	164.89M	165.25M	224.13M	197.17M	222.93M	289.24M
Revenue Growth %	-	52.18%	0.22%	35.63%	-12.03%	13.07%	29.74%
Cost of Goods Sold+	74.34M	94.06M	91.03M	129.6M	116.72M	120.48M	157.16M
COGS % of Revenue	68.61%	57.04%	55.08%	57.83%	59.2%	54.04%	54.34%
Gross Profit+	34.01M	70.83M	74.22M	94.52M	80.44M	102.45M	132.07M
Gross Margin %	31.39%	42.96%	44.92%	42.17%	40.8%	45.96%	45.66%
Gross Profit Growth %	-	108.26%	4.79%	27.35%	-14.9%	27.36%	28.91%
Operating Expenses+	54.68M	58.04M	52.46M	137.32M	129.7M	120.75M	128.59M
OpEx % of Revenue	50.46%	35.2%	31.74%	61.27%	65.78%	54.16%	44.46%
Selling, General & Admin	45.09M	48.8M	45.37M	111.95M	108.41M	96M	104.85M
SG&A % of Revenue	41.62%	29.59%	27.45%	49.95%	54.98%	43.06%	36.25%
Research & Development	9.59M	9.24M	7.09M	25.37M	21.29M	24.76M	23.74M
R&D % of Revenue	8.85%	5.6%	4.29%	11.32%	10.8%	11.1%	8.21%
Other Operating Expenses	-507K	0	0	0	0	0	0
Operating Income+	-20.67M	12.79M	21.77M	-42.8M	-49.26M	-18.3M	3.48M
Operating Margin %	-19.07%	7.76%	13.17%	-19.09%	-24.98%	-8.21%	1.2%
Operating Income Growth %	-	161.91%	70.12%	-296.61%	-15.11%	62.86%	119.01%
EBITDA+	-10.04M	22.95M	31.87M	-31.65M	-36.13M	-3.56M	19.94M
EBITDA Margin %	-9.26%	13.92%	19.29%	-14.12%	-18.32%	-1.6%	6.89%
EBITDA Growth %	-	328.63%	38.88%	-199.31%	-14.14%	90.13%	659.3%
D&A (Non-Cash Add-back)	10.63M	10.15M	10.11M	11.14M	13.13M	14.73M	16.46M
EBIT	-21.17M	12.79M	21.68M	-42.8M	-49.26M	-18.3M	3.48M
Net Interest Income+	-4.36M	-3.95M	-1.04M	-864K	1.48M	8.59M	9.23M
Interest Income	0	0	0	0	1.48M	8.99M	9.63M
Interest Expense	4.36M	3.95M	1.04M	864K	0	400K	400K
Other Income/Expense	-4.87M	-2.87M	-1.13M	5.19M	1.17M	8.5M	9.22M
Pretax Income+	-25.54M	9.92M	20.64M	-37.61M	-48.09M	-9.79M	12.7M
Pretax Margin %	-23.57%	6.02%	12.49%	-16.78%	-24.39%	-4.39%	4.39%
Income Tax+	0	0	0	0	0	151K	249K
Effective Tax Rate %	100%	49.37%	54.54%	20.59%	24.77%	35.16%	18.6%
Net Income+	-25.54M	4.9M	11.26M	-7.74M	-11.91M	-3.44M	2.36M
Net Margin %	-23.57%	2.97%	6.81%	-3.45%	-6.04%	-1.54%	0.82%
Net Income Growth %	-	119.19%	129.74%	-168.79%	-53.87%	71.1%	168.6%
Net Income (Continuing)	-25.54M	9.92M	20.64M	-37.61M	-48.09M	-9.94M	12.45M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	222.41M	206.52M	206.13M	220.24M
EPS (Diluted)+	-0.43	0.08	0.11	-0.62	-0.65	-0.23	0.12
EPS Growth %	-	119.33%	32.37%	-663.64%	-4.84%	64.62%	152.17%
EPS (Basic)	-0.43	0.08	0.11	-0.62	-0.65	-0.23	0.15
Diluted Shares Outstanding	58.94M	58.94M	58.94M	13.7M	14.19M	15.22M	20.47M
Basic Shares Outstanding	58.94M	58.94M	58.94M	13.7M	14.19M	15.22M	16.22M
Dividend Payout Ratio	-	-	44.42%	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	52.88M	74.79M	103.88M	352.19M	314.86M	340.42M	362.49M
Cash & Short-Term Investments	2.65M	4.82M	9.63M	238.48M	206.57M	216.46M	205.05M
Cash Only	2.65M	4.82M	9.63M	238.48M	206.57M	216.46M	205.05M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	48.5M	68.08M	89.77M	110.74M	101.66M	117.47M	146.95M
Days Sales Outstanding	163.36	150.71	198.27	180.34	188.19	192.33	185.44
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	0	0	0	2.97M	6.63M	6.49M	0
Total Non-Current Assets+	33.78M	32.07M	29.64M	36.95M	63.02M	64.49M	78.31M
Property, Plant & Equipment	15.71M	14.92M	13.83M	22.33M	49.55M	51.26M	55.15M
Fixed Asset Turnover	6.90x	11.05x	11.95x	10.04x	3.98x	4.35x	5.24x
Goodwill	12.42M	12.42M	12.42M	12.42M	12.42M	12.42M	19.19M
Intangible Assets	5.47M	4.24M	3.02M	1.79M	667K	201K	3.05M
Long-Term Investments	0	0	0	0	0	0	0
Other Non-Current Assets	178K	478K	371K	406K	385K	615K	932K
Total Assets+	86.66M	106.86M	133.52M	389.13M	377.88M	404.91M	440.8M
Asset Turnover	1.25x	1.54x	1.24x	0.58x	0.52x	0.55x	0.66x
Asset Growth %	-	23.3%	24.95%	191.44%	-2.89%	7.15%	8.86%
Total Current Liabilities+	45.86M	61.06M	79.66M	83.06M	87.12M	108.85M	145.45M
Accounts Payable	17.75M	20.48M	29.76M	32.88M	37.06M	47.34M	71.32M
Days Payables Outstanding	87.16	79.47	119.34	92.59	115.9	143.43	165.63
Short-Term Debt	0	0	3.35M	0	0	0	0
Deferred Revenue (Current)	4.77M	5.26M	2.73M	1.32M	123K	316K	0
Other Current Liabilities	13.84M	26.93M	12.26M	36.62M	37.06M	46.51M	50.52M
Current Ratio	1.15x	1.22x	1.30x	4.24x	3.61x	3.13x	2.49x
Quick Ratio	1.15x	1.22x	1.30x	4.24x	3.61x	3.13x	2.49x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	124M	23.09M	33.75M	23.5M	25M	21.67M	21.28M
Long-Term Debt	65.95M	17.5M	20.18M	17.5M	0	0	0
Capital Lease Obligations	-45M	0	0	0	25M	21.67M	21.28M
Deferred Tax Liabilities	45M	0	0	0	0	0	0
Other Non-Current Liabilities	-41.82M	822K	7.95M	765K	0	0	0
Total Liabilities	169.86M	84.15M	113.4M	106.56M	112.11M	130.52M	166.73M
Total Debt+	65.95M	17.5M	23.54M	17.5M	28.71M	25.43M	26.01M
Net Debt	63.3M	12.69M	13.91M	-220.98M	-177.86M	-191.02M	-179.04M
Debt / Equity	-	0.77x	1.17x	0.06x	0.11x	0.09x	0.09x
Debt / EBITDA	-	0.76x	0.74x	-	-	-	1.30x
Net Debt / EBITDA	-	0.55x	0.44x	-	-	-	-8.98x
Interest Coverage	-4.74x	3.24x	20.97x	-49.53x	-	-45.74x	8.70x
Total Equity+	-83.2M	22.7M	20.12M	282.57M	265.77M	274.39M	274.07M
Equity Growth %	-	127.29%	-11.4%	1304.65%	-5.95%	3.24%	-0.11%
Book Value per Share	-1.41	0.39	0.34	20.62	18.74	18.02	13.39
Total Shareholders' Equity	-83.2M	22.7M	20.12M	60.16M	59.25M	68.26M	53.84M
Common Stock	0	0	0	61K	62K	63K	65K
Retained Earnings	-85.21M	-76.98M	-72.07M	-20.14M	-36.26M	-43.51M	-50.57M
Treasury Stock	0	0	0	-2.65M	-475K	-1.13M	-21.05M
Accumulated OCI	-19K	0	0	0	0	0	0
Minority Interest	0	0	0	222.41M	206.52M	206.13M	220.24M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.46M	13.03M	18.88M	28.66M	-3.53M	37.75M	51.77M
Operating CF Margin %	3.2%	7.9%	11.42%	12.79%	-1.79%	16.93%	17.9%
Operating CF Growth %	-	276.35%	44.82%	51.87%	-112.31%	1169.46%	37.12%
Net Income	-25.54M	9.92M	11.26M	-37.61M	-11.91M	-3.44M	2.36M
Depreciation & Amortization	10.63M	10.15M	10.11M	11.14M	13.13M	14.73M	16.46M
Stock-Based Compensation	647K	1.09M	0	68.82M	28.9M	32.29M	21.03M
Deferred Taxes	0	0	0	0	0	0	0
Other Non-Cash Items	923K	-1.24M	8.86M	-6.03M	-33.68M	7.9M	39.51M
Working Capital Changes	16.8M	-6.9M	-11.35M	-7.66M	31K	-13.72M	-27.6M
Change in Receivables	14.87M	-20.2M	-21.1M	-20.86M	7.82M	-16.12M	-30.23M
Change in Inventory	-2.85M	0	0	0	0	0	0
Change in Payables	-4.81M	0	8.99M	3.4M	0	0	0
Cash from Investing+	-8.77M	-7.81M	-7.84M	-7.37M	-8.83M	-13.48M	-27.74M
Capital Expenditures	-8.77M	-423K	-7.84M	-441K	-758K	-1.2M	-2.5M
CapEx % of Revenue	8.1%	0.26%	4.74%	0.2%	0.38%	0.54%	0.86%
Acquisitions	0	0	0	0	0	0	-10M
Investments	-	-	-	-	-	-	-
Other Investing	-8.38M	-7.39M	0	-6.93M	-8.07M	-12.28M	-15.25M
Cash from Financing+	2.57M	-3.06M	-6.22M	207.56M	-19.55M	-14.39M	-35.43M
Debt Issued (Net)	2.57M	-7M	6.04M	0	-17.5M	0	0
Equity Issued (Net)	0	0	-1000K	1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	-5M	0	0	0	0
Share Repurchases	0	0	0	0	-2.04M	-4.25M	-32.23M
Other Financing	0	3.94M	-5.55M	-24.94M	-15K	-10.14M	-3.21M
Net Change in Cash	-2.75M	2.16M	4.81M	228.85M	-31.91M	9.88M	-11.41M
Free Cash Flow+	-5.31M	12.61M	18.44M	21.29M	-4.29M	36.56M	49.27M
FCF Margin %	-4.9%	7.65%	11.16%	9.5%	-2.17%	16.4%	17.03%
FCF Growth %	-	337.48%	46.24%	15.47%	-120.14%	952.54%	34.77%
FCF per Share	-0.09	0.21	0.31	1.55	-0.30	2.40	2.41
FCF Conversion (FCF/Net Income)	-0.14x	2.66x	1.68x	-3.70x	0.30x	-10.96x	21.92x
Interest Paid	0	12K	0	660K	238K	215K	282K
Taxes Paid	0	0	0	0	0	0	0

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	21.58%	52.57%	-5.12%	-4.35%	-1.27%	0.86%
Return on Invested Capital (ROIC)	-	123.88%	47.04%	-67.14%	-49.43%	-16.02%	2.92%
Gross Margin	31.39%	42.96%	44.92%	42.17%	40.8%	45.96%	45.66%
Net Margin	-23.57%	2.97%	6.81%	-3.45%	-6.04%	-1.54%	0.82%
Debt / Equity	-	0.77x	1.17x	0.06x	0.11x	0.09x	0.09x
Interest Coverage	-4.74x	3.24x	20.97x	-49.53x	-	-45.74x	8.70x
FCF Conversion	-0.14x	2.66x	1.68x	-3.70x	0.30x	-10.96x	21.92x
Revenue Growth	-	52.18%	0.22%	35.63%	-12.03%	13.07%	29.74%

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Viant Technology Inc. (DSP) 10-Year Financial Performance & Capital Metrics

DSP •

TechnologyApplication SoftwareMarketing automation and ad technology

Revenue $289M +29.7%
EBITDA $20M +659.3%
Net Income $2M +168.6%
EPS (Diluted) 0.12 +152.2%
Gross Margin 45.66% -0.6%
EBITDA Margin 6.89% +531.1%
Operating Margin 1.2% +114.7%
Net Margin 0.82% +152.9%
ROE 0.86% +167.6%
ROIC 2.92% +118.2%
Debt/Equity 0.09 +2.4%
Interest Coverage 8.70 +119.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓FCF machine: 17.0% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 11.9%
✓Trading at only 0.8x book value

✗Weaknesses

✗Profits declining 13.6% over 5 years
✗Shares diluted 34.4% in last year
✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y11.89%

3Y8.87%

TTM22.97%

Profit (Net Income) CAGR

10Y-

5Y-13.58%

3Y-

TTM383.09%

EPS CAGR

10Y-

5Y7.63%

3Y-

TTM-64.85%

ROCE

10Y Avg-3.25%

5Y Avg-0.33%

3Y Avg-7.19%

Latest1.18%

Peer Comparison

Marketing automation and ad technology

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SEMRSemrush Holdings, Inc.	248.45M	11.82	213.74	22.47%	-1.05%	-1.51%	17.39%	0.05
IBTAIbotta, Inc.	807.89M	24.97	208.08	-6.77%	4.71%	5.6%	9.28%	0.09
SRADSportradar Group AG	3.97B	18.26	154.81	26.09%	7.72%	9.63%	3.72%	0.05
DSPViant Technology Inc.	463.5M	10.13	84.42	29.74%	1.85%	2.32%	10.63%	0.09
APPAppLovin Corporation	133.89B	434.77	44.59	16.38%	60.83%	156.17%	2.97%	1.66
DVDoubleVerify Holdings, Inc.	1.71B	10.54	35.13	13.92%	6.77%	4.48%	10.12%	0.09
TTDThe Trade Desk, Inc.	11.55B	23.82	26.18	18.47%	15.31%	17.84%	6.89%	0.18
GTMZoomInfo Technologies Inc.	1.91B	6.21	15.92	2.9%	9.94%	8.23%	20.37%	1.20

Profit & Loss

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	108.36M	164.89M	165.25M	224.13M	197.17M	222.93M	289.24M
Revenue Growth %	-	52.18%	0.22%	35.63%	-12.03%	13.07%	29.74%
Cost of Goods Sold+	74.34M	94.06M	91.03M	129.6M	116.72M	120.48M	157.16M
COGS % of Revenue	68.61%	57.04%	55.08%	57.83%	59.2%	54.04%	54.34%
Gross Profit+	34.01M	70.83M	74.22M	94.52M	80.44M	102.45M	132.07M
Gross Margin %	31.39%	42.96%	44.92%	42.17%	40.8%	45.96%	45.66%
Gross Profit Growth %	-	108.26%	4.79%	27.35%	-14.9%	27.36%	28.91%
Operating Expenses+	54.68M	58.04M	52.46M	137.32M	129.7M	120.75M	128.59M
OpEx % of Revenue	50.46%	35.2%	31.74%	61.27%	65.78%	54.16%	44.46%
Selling, General & Admin	45.09M	48.8M	45.37M	111.95M	108.41M	96M	104.85M
SG&A % of Revenue	41.62%	29.59%	27.45%	49.95%	54.98%	43.06%	36.25%
Research & Development	9.59M	9.24M	7.09M	25.37M	21.29M	24.76M	23.74M
R&D % of Revenue	8.85%	5.6%	4.29%	11.32%	10.8%	11.1%	8.21%
Other Operating Expenses	-507K	0	0	0	0	0	0
Operating Income+	-20.67M	12.79M	21.77M	-42.8M	-49.26M	-18.3M	3.48M
Operating Margin %	-19.07%	7.76%	13.17%	-19.09%	-24.98%	-8.21%	1.2%
Operating Income Growth %	-	161.91%	70.12%	-296.61%	-15.11%	62.86%	119.01%
EBITDA+	-10.04M	22.95M	31.87M	-31.65M	-36.13M	-3.56M	19.94M
EBITDA Margin %	-9.26%	13.92%	19.29%	-14.12%	-18.32%	-1.6%	6.89%
EBITDA Growth %	-	328.63%	38.88%	-199.31%	-14.14%	90.13%	659.3%
D&A (Non-Cash Add-back)	10.63M	10.15M	10.11M	11.14M	13.13M	14.73M	16.46M
EBIT	-21.17M	12.79M	21.68M	-42.8M	-49.26M	-18.3M	3.48M
Net Interest Income+	-4.36M	-3.95M	-1.04M	-864K	1.48M	8.59M	9.23M
Interest Income	0	0	0	0	1.48M	8.99M	9.63M
Interest Expense	4.36M	3.95M	1.04M	864K	0	400K	400K
Other Income/Expense	-4.87M	-2.87M	-1.13M	5.19M	1.17M	8.5M	9.22M
Pretax Income+	-25.54M	9.92M	20.64M	-37.61M	-48.09M	-9.79M	12.7M
Pretax Margin %	-23.57%	6.02%	12.49%	-16.78%	-24.39%	-4.39%	4.39%
Income Tax+	0	0	0	0	0	151K	249K
Effective Tax Rate %	100%	49.37%	54.54%	20.59%	24.77%	35.16%	18.6%
Net Income+	-25.54M	4.9M	11.26M	-7.74M	-11.91M	-3.44M	2.36M
Net Margin %	-23.57%	2.97%	6.81%	-3.45%	-6.04%	-1.54%	0.82%
Net Income Growth %	-	119.19%	129.74%	-168.79%	-53.87%	71.1%	168.6%
Net Income (Continuing)	-25.54M	9.92M	20.64M	-37.61M	-48.09M	-9.94M	12.45M
Discontinued Operations	0	0	0	0	0	0	0
Minority Interest	0	0	0	222.41M	206.52M	206.13M	220.24M
EPS (Diluted)+	-0.43	0.08	0.11	-0.62	-0.65	-0.23	0.12
EPS Growth %	-	119.33%	32.37%	-663.64%	-4.84%	64.62%	152.17%
EPS (Basic)	-0.43	0.08	0.11	-0.62	-0.65	-0.23	0.15
Diluted Shares Outstanding	58.94M	58.94M	58.94M	13.7M	14.19M	15.22M	20.47M
Basic Shares Outstanding	58.94M	58.94M	58.94M	13.7M	14.19M	15.22M	16.22M
Dividend Payout Ratio	-	-	44.42%	-	-	-	-

Balance Sheet

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	52.88M	74.79M	103.88M	352.19M	314.86M	340.42M	362.49M
Cash & Short-Term Investments	2.65M	4.82M	9.63M	238.48M	206.57M	216.46M	205.05M
Cash Only	2.65M	4.82M	9.63M	238.48M	206.57M	216.46M	205.05M
Short-Term Investments	0	0	0	0	0	0	0
Accounts Receivable	48.5M	68.08M	89.77M	110.74M	101.66M	117.47M	146.95M
Days Sales Outstanding	163.36	150.71	198.27	180.34	188.19	192.33	185.44
Inventory	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-
Other Current Assets	0	0	0	2.97M	6.63M	6.49M	0
Total Non-Current Assets+	33.78M	32.07M	29.64M	36.95M	63.02M	64.49M	78.31M
Property, Plant & Equipment	15.71M	14.92M	13.83M	22.33M	49.55M	51.26M	55.15M
Fixed Asset Turnover	6.90x	11.05x	11.95x	10.04x	3.98x	4.35x	5.24x
Goodwill	12.42M	12.42M	12.42M	12.42M	12.42M	12.42M	19.19M
Intangible Assets	5.47M	4.24M	3.02M	1.79M	667K	201K	3.05M
Long-Term Investments	0	0	0	0	0	0	0
Other Non-Current Assets	178K	478K	371K	406K	385K	615K	932K
Total Assets+	86.66M	106.86M	133.52M	389.13M	377.88M	404.91M	440.8M
Asset Turnover	1.25x	1.54x	1.24x	0.58x	0.52x	0.55x	0.66x
Asset Growth %	-	23.3%	24.95%	191.44%	-2.89%	7.15%	8.86%
Total Current Liabilities+	45.86M	61.06M	79.66M	83.06M	87.12M	108.85M	145.45M
Accounts Payable	17.75M	20.48M	29.76M	32.88M	37.06M	47.34M	71.32M
Days Payables Outstanding	87.16	79.47	119.34	92.59	115.9	143.43	165.63
Short-Term Debt	0	0	3.35M	0	0	0	0
Deferred Revenue (Current)	4.77M	5.26M	2.73M	1.32M	123K	316K	0
Other Current Liabilities	13.84M	26.93M	12.26M	36.62M	37.06M	46.51M	50.52M
Current Ratio	1.15x	1.22x	1.30x	4.24x	3.61x	3.13x	2.49x
Quick Ratio	1.15x	1.22x	1.30x	4.24x	3.61x	3.13x	2.49x
Cash Conversion Cycle	-	-	-	-	-	-	-
Total Non-Current Liabilities+	124M	23.09M	33.75M	23.5M	25M	21.67M	21.28M
Long-Term Debt	65.95M	17.5M	20.18M	17.5M	0	0	0
Capital Lease Obligations	-45M	0	0	0	25M	21.67M	21.28M
Deferred Tax Liabilities	45M	0	0	0	0	0	0
Other Non-Current Liabilities	-41.82M	822K	7.95M	765K	0	0	0
Total Liabilities	169.86M	84.15M	113.4M	106.56M	112.11M	130.52M	166.73M
Total Debt+	65.95M	17.5M	23.54M	17.5M	28.71M	25.43M	26.01M
Net Debt	63.3M	12.69M	13.91M	-220.98M	-177.86M	-191.02M	-179.04M
Debt / Equity	-	0.77x	1.17x	0.06x	0.11x	0.09x	0.09x
Debt / EBITDA	-	0.76x	0.74x	-	-	-	1.30x
Net Debt / EBITDA	-	0.55x	0.44x	-	-	-	-8.98x
Interest Coverage	-4.74x	3.24x	20.97x	-49.53x	-	-45.74x	8.70x
Total Equity+	-83.2M	22.7M	20.12M	282.57M	265.77M	274.39M	274.07M
Equity Growth %	-	127.29%	-11.4%	1304.65%	-5.95%	3.24%	-0.11%
Book Value per Share	-1.41	0.39	0.34	20.62	18.74	18.02	13.39
Total Shareholders' Equity	-83.2M	22.7M	20.12M	60.16M	59.25M	68.26M	53.84M
Common Stock	0	0	0	61K	62K	63K	65K
Retained Earnings	-85.21M	-76.98M	-72.07M	-20.14M	-36.26M	-43.51M	-50.57M
Treasury Stock	0	0	0	-2.65M	-475K	-1.13M	-21.05M
Accumulated OCI	-19K	0	0	0	0	0	0
Minority Interest	0	0	0	222.41M	206.52M	206.13M	220.24M

Cash Flow

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.46M	13.03M	18.88M	28.66M	-3.53M	37.75M	51.77M
Operating CF Margin %	3.2%	7.9%	11.42%	12.79%	-1.79%	16.93%	17.9%
Operating CF Growth %	-	276.35%	44.82%	51.87%	-112.31%	1169.46%	37.12%
Net Income	-25.54M	9.92M	11.26M	-37.61M	-11.91M	-3.44M	2.36M
Depreciation & Amortization	10.63M	10.15M	10.11M	11.14M	13.13M	14.73M	16.46M
Stock-Based Compensation	647K	1.09M	0	68.82M	28.9M	32.29M	21.03M
Deferred Taxes	0	0	0	0	0	0	0
Other Non-Cash Items	923K	-1.24M	8.86M	-6.03M	-33.68M	7.9M	39.51M
Working Capital Changes	16.8M	-6.9M	-11.35M	-7.66M	31K	-13.72M	-27.6M
Change in Receivables	14.87M	-20.2M	-21.1M	-20.86M	7.82M	-16.12M	-30.23M
Change in Inventory	-2.85M	0	0	0	0	0	0
Change in Payables	-4.81M	0	8.99M	3.4M	0	0	0
Cash from Investing+	-8.77M	-7.81M	-7.84M	-7.37M	-8.83M	-13.48M	-27.74M
Capital Expenditures	-8.77M	-423K	-7.84M	-441K	-758K	-1.2M	-2.5M
CapEx % of Revenue	8.1%	0.26%	4.74%	0.2%	0.38%	0.54%	0.86%
Acquisitions	0	0	0	0	0	0	-10M
Investments	-	-	-	-	-	-	-
Other Investing	-8.38M	-7.39M	0	-6.93M	-8.07M	-12.28M	-15.25M
Cash from Financing+	2.57M	-3.06M	-6.22M	207.56M	-19.55M	-14.39M	-35.43M
Debt Issued (Net)	2.57M	-7M	6.04M	0	-17.5M	0	0
Equity Issued (Net)	0	0	-1000K	1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	-5M	0	0	0	0
Share Repurchases	0	0	0	0	-2.04M	-4.25M	-32.23M
Other Financing	0	3.94M	-5.55M	-24.94M	-15K	-10.14M	-3.21M
Net Change in Cash	-2.75M	2.16M	4.81M	228.85M	-31.91M	9.88M	-11.41M
Free Cash Flow+	-5.31M	12.61M	18.44M	21.29M	-4.29M	36.56M	49.27M
FCF Margin %	-4.9%	7.65%	11.16%	9.5%	-2.17%	16.4%	17.03%
FCF Growth %	-	337.48%	46.24%	15.47%	-120.14%	952.54%	34.77%
FCF per Share	-0.09	0.21	0.31	1.55	-0.30	2.40	2.41
FCF Conversion (FCF/Net Income)	-0.14x	2.66x	1.68x	-3.70x	0.30x	-10.96x	21.92x
Interest Paid	0	12K	0	660K	238K	215K	282K
Taxes Paid	0	0	0	0	0	0	0

Key Ratios

Metric	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-	21.58%	52.57%	-5.12%	-4.35%	-1.27%	0.86%
Return on Invested Capital (ROIC)	-	123.88%	47.04%	-67.14%	-49.43%	-16.02%	2.92%
Gross Margin	31.39%	42.96%	44.92%	42.17%	40.8%	45.96%	45.66%
Net Margin	-23.57%	2.97%	6.81%	-3.45%	-6.04%	-1.54%	0.82%
Debt / Equity	-	0.77x	1.17x	0.06x	0.11x	0.09x	0.09x
Interest Coverage	-4.74x	3.24x	20.97x	-49.53x	-	-45.74x	8.70x
FCF Conversion	-0.14x	2.66x	1.68x	-3.70x	0.30x	-10.96x	21.92x
Revenue Growth	-	52.18%	0.22%	35.63%	-12.03%	13.07%	29.74%

Viant Technology Inc. (DSP) 10-Year Financial Performance & Capital Metrics

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Viant Technology Inc. (DSP) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare DSP vs Peers

vs APP

vs TTD

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

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Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios