Last 23 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Viant Technology Inc.'s quarterly P/E stands at 36.0x, up 315.8% year-over-year — indicating the stock has re-rated higher or earnings have softened. EV/EBITDA has compressed 28.5% YoY to 0.7x, reflecting multiple compression or accelerating EBITDA.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 84.42 | 35.96 | 182.73 | — | 47.47 | 8.65 | 850.86 | — | 46.30 | — | — | — | — |
| — | +315.8% | -78.5% | — | +2.5% | — | — | — | — | — | — | — | — | |
| P/S Ratio | 1.60 | 0.48 | 0.85 | 0.72 | 1.08 | 0.69 | 0.72 | 0.80 | 0.45 | 0.36 | 0.30 | 0.38 | 0.27 |
| — | -30.2% | +17.3% | -9.3% | +139.6% | +91.5% | +136.4% | +107.1% | +68.4% | +17.3% | -12.9% | -27.5% | -32.7% | |
| P/B Ratio | 0.76 | 0.64 | 1.03 | 0.79 | 1.42 | 0.80 | 0.70 | 0.63 | 0.42 | 0.32 | 0.26 | 0.24 | 0.22 |
| — | -19.8% | +47.6% | +26.0% | +235.5% | +148.9% | +164.2% | +156.7% | +92.7% | +41.6% | -0.4% | -25.2% | -52.9% | |
| P/FCF | 9.41 | 14.66 | 4.08 | — | 5.97 | 4.46 | 4.91 | — | 1.27 | 6.57 | 2.29 | — | 1.52 |
| — | +228.6% | -16.9% | — | +368.9% | -32.2% | +114.7% | — | -16.3% | — | — | — | — | |
| EV / EBITDA | 14.27 | 0.74 | 6.25 | — | 5.23 | 1.04 | 0.49 | — | -3.84 | -23.54 | — | — | — |
| — | -28.5% | +1166.8% | — | +236.2% | +104.4% | — | — | — | — | — | — | — | |
| EV / EBIT | 81.79 | 1.18 | 2379.49 | — | 8.88 | 2.08 | — | — | -21.27 | — | — | — | — |
| — | -43.2% | — | — | +141.7% | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Viant Technology Inc.'s operating margin was 4.9% in Q3 2025, up 4.9 pp QoQ and down 0.1 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 1.2% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 5.3% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.7% | 46.6% | 46.1% | 43.3% | 47.2% | 44.2% | 46.7% | 44.0% | 49.3% | 48.0% | 41.4% | 44.1% | 41.2% |
| — | +5.3% | -1.3% | -1.8% | -4.3% | -8.0% | +12.7% | -0.1% | +19.7% | +10.1% | +4.7% | +14.3% | -10.6% | |
| Operating Margin | 1.2% | 4.9% | 0.0% | -6.9% | 6.6% | 5.1% | -1.2% | -10.7% | 1.4% | -4.7% | -9.2% | -26.6% | -16.9% |
| — | -2.1% | +101.3% | +35.5% | +378.7% | +206.8% | +87.2% | +60.0% | +108.1% | +82.1% | +65.9% | +15.3% | -281.8% | |
| Net Margin | 0.8% | 6.0% | 0.4% | -1.7% | 1.9% | 1.9% | 0.1% | -1.8% | 1.0% | -0.9% | -1.9% | -5.9% | -4.0% |
| — | +219.3% | +346.1% | +5.0% | +99.3% | +313.6% | +104.5% | +70.2% | +124.2% | +86.2% | +72.0% | +20.6% | -314.0% |
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 0.9% | 2.0% | 0.1% | -0.4% | 0.6% | 0.5% | 0.0% | -0.3% | 0.2% | -0.2% | -0.4% | -0.9% | -0.8% |
| — | +265.3% | +456.7% | -28.8% | +174.5% | +377.9% | +105.0% | +63.0% | +128.0% | +83.1% | +67.5% | +17.7% | -246.2% | |
| ROA | 0.6% | 1.3% | 0.1% | -0.3% | 0.4% | 0.4% | 0.0% | -0.2% | 0.2% | -0.1% | -0.3% | -0.7% | -0.6% |
| — | +261.1% | +434.3% | -20.3% | +150.7% | +352.8% | +104.6% | +65.3% | +126.9% | +83.7% | +67.1% | +16.9% | -242.3% | |
| ROIC | 2.9% | 2.8% | 0.0% | -3.6% | 4.8% | 3.4% | -0.6% | -4.9% | 0.8% | -2.4% | -4.5% | -9.5% | -7.7% |
| — | -17.5% | +101.3% | +26.6% | +536.3% | +244.2% | +85.7% | +48.4% | +109.8% | +78.7% | +67.1% | +39.3% | -170.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Viant Technology Inc.'s Debt/EBITDA ratio is 2.5x, down from 5.2x last quarter — at a moderate level that warrants monitoring. The current ratio has weakened 5.4% YoY to 2.62x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.09 | 0.09 | 0.09 | 0.10 | 0.09 | 0.10 | 0.10 | 0.10 | 0.09 | 0.10 | 0.10 | 0.11 | 0.11 |
| — | -9.6% | -5.1% | -3.9% | +2.4% | -1.2% | -5.2% | -5.4% | -14.2% | +5.2% | +32.7% | -24.4% | +74.4% | |
| Debt / EBITDA | 1.30 | 2.50 | 5.19 | — | 2.60 | 3.33 | 7.83 | — | 5.21 | 27.41 | — | — | — |
| — | -24.7% | -33.7% | — | -50.1% | -87.9% | — | — | — | — | — | — | — | |
| Current Ratio | 2.49 | 2.62 | 2.56 | 2.71 | 2.49 | 2.77 | 2.99 | 3.24 | 3.13 | 3.60 | 4.02 | 4.54 | 3.61 |
| — | -5.4% | -14.5% | -16.6% | -20.3% | -23.1% | -25.6% | -28.6% | -13.5% | -15.1% | -6.3% | +3.0% | -14.8% | |
| Quick Ratio | 2.49 | 2.62 | 2.56 | 2.71 | 2.49 | 2.77 | 2.99 | 3.24 | 3.13 | 3.60 | 4.02 | 4.54 | 3.61 |
| — | -5.4% | -14.5% | -16.6% | -20.3% | -23.1% | -25.6% | -28.6% | -13.5% | -15.1% | -6.3% | +3.0% | -14.8% | |
| Interest Coverage | 8.70 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 23 years · Updated daily
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Start ComparisonViant Technology Inc.'s current P/E is 84.4x. The average P/E over the last 3 quarters is 88.7x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Viant Technology Inc.'s current operating margin is 1.2%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Viant Technology Inc.'s business trajectory between earnings reports.