What is Viant Technology Inc.'s earnings per share (EPS)?

Viant Technology Inc. (DSP) reported diluted earnings per share of $0.36 for fiscal year 2025. This represents a 157.1% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Viant Technology Inc. Financials

DSP

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Viant Technology Inc. (DSP) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 56/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Viant Technology Inc. has an operating margin of 3.5%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is up from 1.2% the prior year.

Growth

Viant Technology Inc.'s revenue surged 19.0% year-over-year to $344.2M, reflecting rapid business expansion. This strong growth earns a score of 65/100.

Leverage

100

Viant Technology Inc. carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Viant Technology Inc.'s current ratio of 2.40 indicates adequate short-term liquidity, earning a score of 45/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Viant Technology Inc. has a free cash flow margin of 15.0%, earning a moderate score of 63/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Viant Technology Inc.'s ROE of 10.2% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 4.4% the prior year.

Altman Z-Score Distress

1.40

Viant Technology Inc. scores 1.40, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Neutral

6/9

Viant Technology Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

6.30x

For every $1 of reported earnings, Viant Technology Inc. generates $6.30 in operating cash flow ($52.6M OCF vs $8.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$344.2M

YoY+19.0%

5Y CAGR+15.8%

Viant Technology Inc. generated $344.2M in revenue in fiscal year 2025. This represents an increase of 19.0% from the prior year.

EBITDA

$30.8M

YoY+54.4%

5Y CAGR-0.7%

Viant Technology Inc.'s EBITDA was $30.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 54.4% from the prior year.

Net Income

$8.4M

YoY+253.6%

5Y CAGR-16.6%

Viant Technology Inc. reported $8.4M in net income in fiscal year 2025. This represents an increase of 253.6% from the prior year.

EPS (Diluted)

$0.36

YoY+157.1%

5Y CAGR-55.5%

Viant Technology Inc. earned $0.36 per diluted share (EPS) in fiscal year 2025. This represents an increase of 157.1% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$51.7M

YoY+4.9%

5Y CAGR+22.9%

Viant Technology Inc. generated $51.7M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 4.9% from the prior year.

Cash & Debt

$191.2M

YoY-6.8%

5Y CAGR+81.8%

Viant Technology Inc. held $191.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

45.8%

YoY+0.1pp

5Y CAGR-0.8pp

Viant Technology Inc.'s gross margin was 45.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin

3.5%

YoY+2.3pp

5Y CAGR-9.7pp

Viant Technology Inc.'s operating margin was 3.5% in fiscal year 2025, reflecting core business profitability. This is up 2.3 percentage points from the prior year.

Net Margin

2.4%

YoY+1.6pp

5Y CAGR-10.1pp

Viant Technology Inc.'s net profit margin was 2.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.6 percentage points from the prior year.

Return on Equity

10.2%

YoY+5.8pp

5Y CAGR-92.4pp

Viant Technology Inc.'s ROE was 10.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 5.8 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

$926K

YoY-62.9%

5Y CAGR+16.4%

Viant Technology Inc. invested $926K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 62.9% from the prior year.

DSP Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$344.2M+19.0%	$289.2M+29.7%	$222.9M+13.1%	$197.2M-12.0%	$224.1M+35.6%	$165.3M
Cost of Revenue	$186.6M+18.7%	$157.2M+30.4%	$120.5M+3.2%	$116.7M-9.9%	$129.6M+46.8%	$88.3M
Gross Profit	$157.6M+19.3%	$132.1M+28.9%	$102.5M+27.4%	$80.4M-14.9%	$94.5M+22.8%	$77.0M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$50.2M-1.8%	$51.1M+12.7%	$45.3M+2.0%	$44.5M-5.2%	$46.9M+165.9%	$17.6M
Operating Income	$12.1M+247.3%	$3.5M+119.0%	-$18.3M+62.9%	-$49.3M-15.1%	-$42.8M-296.6%	$21.8M
Interest Expense	N/A	N/A	N/A	$454K-48.7%	$885K-18.5%	$1.1M
Income Tax	-$14.0M-5708.4%	$249K+64.9%	$151K	$0	$0	$0
Net Income	$8.4M+253.6%	$2.4M+168.6%	-$3.4M+71.1%	-$11.9M-53.9%	-$7.7M-137.5%	$20.6M
EPS (Diluted)	$0.36+157.1%	$0.14+160.9%	$-0.23+72.6%	$-0.84-33.3%	$-0.63-103.1%	$20.64

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$110.1M+28.7%	$85.6M+9.9%	$77.9M+10.2%	$70.6M-21.6%	$90.1M+12.7%	$79.9M+21.3%	$65.9M+23.4%	$53.4M
Cost of Revenue	$58.8M+28.6%	$45.7M+9.0%	$42.0M+4.7%	$40.1M-15.7%	$47.6M+6.7%	$44.6M+27.0%	$35.1M+17.5%	$29.9M
Gross Profit	$51.3M+28.8%	$39.8M+11.0%	$35.9M+17.4%	$30.6M-28.1%	$42.5M+20.3%	$35.3M+14.9%	$30.7M+30.8%	$23.5M
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$12.0M+7.7%	$11.2M-12.1%	$12.7M-11.1%	$14.3M-3.3%	$14.8M+16.8%	$12.6M+0.3%	$12.6M+13.9%	$11.1M
Operating Income	$12.7M+200.0%	$4.2M+35158.3%	$12K+100.2%	-$4.9M-182.3%	$5.9M+46.2%	$4.0M+623.7%	-$771K+86.5%	-$5.7M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$14.1M-2699.3%	$541K+285.9%	-$291K-90.2%	-$153K-158.2%	$263K+1978.6%	-$14K-114.1%	$99K+200.0%	-$99K
Net Income	$8.3M+728.9%	$996K+243.4%	$290K+124.4%	-$1.2M-168.1%	$1.7M+15.9%	$1.5M+2640.0%	$55K+105.8%	-$947K
EPS (Diluted)	N/A	$0.06+200.0%	$0.02+128.6%	$-0.07	N/A	$0.09	$0.00+100.0%	$-0.06

DSP Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$474.7M+7.7%	$440.8M+8.9%	$404.9M+7.2%	$377.9M-2.9%	$389.1M+191.4%	$133.5M
Current Assets	$376.2M+3.8%	$362.5M+6.5%	$340.4M+8.1%	$314.9M-10.6%	$352.2M+239.0%	$103.9M
Cash & Equivalents	$191.2M-6.8%	$205.0M-5.3%	$216.5M+4.8%	$206.6M-13.4%	$238.5M+2376.7%	$9.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$177.1M+20.5%	$147.0M+25.1%	$117.5M+15.6%	$101.7M-8.2%	$110.7M+23.4%	$89.8M
Goodwill	$19.2M0.0%	$19.2M+54.5%	$12.4M0.0%	$12.4M0.0%	$12.4M0.0%	$12.4M
Total Liabilities	$392.5M+1.4%	$387.0M+14.9%	$336.7M+5.7%	$318.6M-3.1%	$329.0M+210.6%	$105.9M
Current Liabilities	$157.0M+8.0%	$145.5M+33.6%	$108.8M+24.9%	$87.1M+4.9%	$83.1M+4.3%	$79.7M
Long-Term Debt	$0	$0	$0	$0-100.0%	$17.5M-13.3%	$20.2M
Total Equity	$82.1M+52.6%	$53.8M-21.1%	$68.3M+15.2%	$59.2M-1.5%	$60.2M+199.1%	$20.1M
Retained Earnings	-$91.8M-81.4%	-$50.6M-16.2%	-$43.5M-20.0%	-$36.3M-80.1%	-$20.1M	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$474.7M+19.9%	$395.9M-0.5%	$398.0M+0.9%	$394.5M-10.5%	$440.8M+2.6%	$429.7M+5.2%	$408.6M+3.4%	$395.0M
Current Assets	$376.2M+20.0%	$313.6M-0.7%	$315.8M0.0%	$315.8M-12.9%	$362.5M+0.6%	$360.4M+5.6%	$341.3M+4.2%	$327.5M
Cash & Equivalents	$191.2M+18.5%	$161.3M-6.7%	$172.8M-0.6%	$173.9M-15.2%	$205.0M-4.5%	$214.6M+2.3%	$209.7M+1.8%	$206.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$177.1M+24.0%	$142.8M+5.5%	$135.3M+3.1%	$131.3M-10.7%	$147.0M+8.3%	$135.6M+10.4%	$122.9M+8.3%	$113.5M
Goodwill	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M0.0%	$19.2M+54.5%	$12.4M0.0%	$12.4M0.0%	$12.4M
Total Liabilities	$392.5M+5.4%	$372.6M+0.6%	$370.5M+3.5%	$358.1M-7.5%	$387.0M+4.5%	$370.3M+7.2%	$345.5M+4.9%	$329.5M
Current Liabilities	$157.0M+31.1%	$119.7M-2.9%	$123.4M+5.7%	$116.7M-19.8%	$145.5M+11.7%	$130.2M+14.1%	$114.1M+12.9%	$101.0M
Long-Term Debt	$0	$0	$0	$0	$0	$0	$0	$0
Total Equity	$82.1M+252.2%	$23.3M-15.1%	$27.5M-24.6%	$36.5M-32.3%	$53.8M-9.4%	$59.4M-5.8%	$63.1M-3.8%	$65.6M
Retained Earnings	-$91.8M-1.6%	-$90.3M-19.2%	-$75.8M-17.2%	-$64.7M-27.9%	-$50.6M-1.0%	-$50.0M-1.8%	-$49.2M-7.8%	-$45.6M

DSP Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$52.6M+1.6%	$51.8M+37.1%	$37.8M+1169.5%	-$3.5M-112.3%	$28.7M+51.9%	$18.9M
Capital Expenditures	$926K-62.9%	$2.5M+109.0%	$1.2M+57.7%	$758K+71.9%	$441K+1.6%	$434K
Free Cash Flow	$51.7M+4.9%	$49.3M+34.8%	$36.6M+952.5%	-$4.3M-115.2%	$28.2M+53.1%	$18.4M
Investing Cash Flow	-$22.3M+19.5%	-$27.7M-105.9%	-$13.5M-52.7%	-$8.8M-19.7%	-$7.4M+6.0%	-$7.8M
Financing Cash Flow	-$44.2M-24.6%	-$35.4M-146.2%	-$14.4M+26.4%	-$19.6M-109.4%	$207.6M+3436.9%	-$6.2M
Dividends Paid	N/A	N/A	N/A	$0	$0-100.0%	$5.0M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$33.1M+984.8%	$3.0M-85.4%	$20.9M+570.2%	-$4.5M-127.0%	$16.5M-3.4%	$17.1M+18.8%	$14.4M+274.4%	$3.8M
Capital Expenditures	$101K-55.3%	$226K-52.4%	$475K+283.1%	$124K-43.1%	$218K-72.6%	$796K-16.6%	$954K+80.0%	$530K
Free Cash Flow	$33.0M+1068.1%	$2.8M-86.2%	$20.5M+547.1%	-$4.6M-128.1%	$16.3M0.0%	$16.3M+21.3%	$13.4M+305.5%	$3.3M
Investing Cash Flow	-$4.9M-0.7%	-$4.9M+42.9%	-$8.5M-111.2%	-$4.0M+71.8%	-$14.3M-207.2%	-$4.7M+0.7%	-$4.7M-15.6%	-$4.1M
Financing Cash Flow	$1.7M+117.4%	-$9.7M+27.9%	-$13.5M+40.6%	-$22.7M-93.0%	-$11.8M-56.3%	-$7.5M-25.6%	-$6.0M+41.2%	-$10.2M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

DSP Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	45.8%+0.1pp	45.7%-0.3pp	46.0%+5.2pp	40.8%-1.4pp	42.2%-4.4pp	46.6%
Operating Margin	3.5%+2.3pp	1.2%+9.4pp	-8.2%+16.8pp	-25.0%-5.9pp	-19.1%-32.3pp	13.2%
Net Margin	2.4%+1.6pp	0.8%+2.4pp	-1.5%+4.5pp	-6.0%-2.6pp	-3.5%-15.9pp	12.5%
Return on Equity	10.2%+5.8pp	4.4%+9.4pp	-5.0%+15.1pp	-20.1%-7.2pp	-12.9%-115.5pp	102.6%
Return on Assets	1.8%+1.2pp	0.5%+1.4pp	-0.9%+2.3pp	-3.1%-1.2pp	-2.0%-17.4pp	15.5%
Current Ratio	2.40-0.1	2.49-0.6	3.13-0.5	3.61-0.6	4.24+2.9	1.30
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.00-0.3	0.29-0.7	1.00
FCF Margin	15.0%-2.0pp	17.0%+0.6pp	16.4%+18.6pp	-2.2%-14.8pp	12.6%+1.4pp	11.2%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	46.6%+0.0pp	46.6%+0.5pp	46.1%+2.8pp	43.3%-3.9pp	47.2%+3.0pp	44.2%-2.5pp	46.7%+2.6pp	44.0%
Operating Margin	11.5%+6.6pp	4.9%+4.9pp	0.0%+6.9pp	-6.9%-13.4pp	6.6%+1.5pp	5.1%+6.2pp	-1.2%+9.5pp	-10.7%
Net Margin	7.5%+6.3pp	1.2%+0.8pp	0.4%+2.0pp	-1.7%-3.6pp	1.9%+0.1pp	1.9%+1.8pp	0.1%+1.8pp	-1.8%
Return on Equity	10.1%+5.8pp	4.3%+3.2pp	1.1%+4.3pp	-3.3%-6.5pp	3.2%+0.7pp	2.5%+2.4pp	0.1%+1.5pp	-1.4%
Return on Assets	1.7%+1.5pp	0.3%+0.2pp	0.1%+0.4pp	-0.3%-0.7pp	0.4%+0.1pp	0.4%+0.3pp	0.0%+0.2pp	-0.2%
Current Ratio	2.40-0.2	2.62+0.1	2.56-0.1	2.71+0.2	2.49-0.3	2.77-0.2	2.99-0.2	3.24
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.00
FCF Margin	29.9%+26.6pp	3.3%-23.0pp	26.3%+32.8pp	-6.5%-24.6pp	18.1%-2.3pp	20.4%0.0pp	20.4%+14.2pp	6.2%

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Frequently Asked Questions

What is Viant Technology Inc.'s annual revenue?

Viant Technology Inc. (DSP) reported $344.2M in total revenue for fiscal year 2025. This represents a 19.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Viant Technology Inc.'s revenue growing?

Viant Technology Inc. (DSP) revenue grew by 19% year-over-year, from $289.2M to $344.2M in fiscal year 2025.

Is Viant Technology Inc. profitable?

Yes, Viant Technology Inc. (DSP) reported a net income of $8.4M in fiscal year 2025, with a net profit margin of 2.4%.

What is Viant Technology Inc.'s EBITDA?

Viant Technology Inc. (DSP) had EBITDA of $30.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Viant Technology Inc. have?

As of fiscal year 2025, Viant Technology Inc. (DSP) had $191.2M in cash and equivalents against $0 in long-term debt.

What is Viant Technology Inc.'s gross margin?

Viant Technology Inc. (DSP) had a gross margin of 45.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Viant Technology Inc.'s operating margin?

Viant Technology Inc. (DSP) had an operating margin of 3.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Viant Technology Inc.'s net profit margin?

Viant Technology Inc. (DSP) had a net profit margin of 2.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Viant Technology Inc.'s return on equity (ROE)?

Viant Technology Inc. (DSP) has a return on equity of 10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Viant Technology Inc.'s free cash flow?

Viant Technology Inc. (DSP) generated $51.7M in free cash flow during fiscal year 2025. This represents a 4.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Viant Technology Inc.'s operating cash flow?

Viant Technology Inc. (DSP) generated $52.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Viant Technology Inc.'s total assets?

Viant Technology Inc. (DSP) had $474.7M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Viant Technology Inc.'s capital expenditures?

Viant Technology Inc. (DSP) invested $926K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

What is Viant Technology Inc.'s current ratio?

Viant Technology Inc. (DSP) had a current ratio of 2.40 as of fiscal year 2025, which is generally considered healthy.

What is Viant Technology Inc.'s debt-to-equity ratio?

Viant Technology Inc. (DSP) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Viant Technology Inc.'s return on assets (ROA)?

Viant Technology Inc. (DSP) had a return on assets of 1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Viant Technology Inc.'s Altman Z-Score?

Viant Technology Inc. (DSP) has an Altman Z-Score of 1.40, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Viant Technology Inc.'s Piotroski F-Score?

Viant Technology Inc. (DSP) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Viant Technology Inc.'s earnings high quality?

Viant Technology Inc. (DSP) has an earnings quality ratio of 6.30x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Viant Technology Inc.?

Viant Technology Inc. (DSP) scores 56 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.