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Viant Technology Inc.
DSPCIK 0001828791NasdaqAcceleratedSmaller ReportingEmerging GrowthServices-Computer Programming, Data Processing, Etc.DelawareFY ends Dec 31
Period
FY 2025
Revenue
$344.20M
Net Income
$8.35M
Total Assets
$474.66M
Equity
$82.14M
Shares Out
—
Op. Cash Flow
$52.61M
Business
Viant Technology Inc. is an advertising technology company that operates a cloud-based demand side platform (DSP) for programmatic digital advertising. It offers an omnichannel, self-service platform with forecasting, reporting, automation and identity solutions, including a proprietary Household ID (HHID), IRIS_ID and the Viant Data Platform. Key business segments include its holistic omnichannel DSP, ViantAI suite, HHID identity services, IRIS_ID content identifier and Direct Access supply path optimization. Viant primarily serves the U.S. market through direct sales to advertisers and agencies and via integrations with publishers, supply-side platforms and data partners.
Summary from filing dated 2025-03-03
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 344 | 289 | 223 | 197 | 224 | |
| Platform operations | 187 | 157 | 120 | 117 | 130 | |
| Sales and marketing | 65 | 54 | 51 | 64 | 65 | |
| Technology and development | 31 | 24 | 25 | 21 | 25 | |
| General and administrative | 50 | 51 | 45 | 44 | 47 | |
| Total operating expenses | 332 | 286 | 241 | 246 | 267 | |
| Income (loss) from operations | 12 | 3 | −18 | −49 | −43 | |
| Interest income, net | −6 | −9 | −9 | −1 | 864,000 | |
| Other expense, net | 1,000 | 12,000 | 90,000 | 310,000 | 60,000 | |
| TRA remeasurement expense | 11 | 0 | 0 | — | — | |
| Employee retention credit | −3 | 0 | 0 | — | — | |
| Total other expense (income), net | 2 | −9 | −9 | −1 | −5 | |
| Income (loss) before income taxes | 10 | 13 | −10 | −48 | −38 | |
| Provision for (benefit from) income taxes | −14 | 249,000 | 200,000 | 0 | 0 | |
| Income (loss) before income taxes | 24 | 12 | −10 | −48 | −38 | |
| Less: Net income (loss) attributable to noncontrolling interests | 16 | 10 | −7 | −36 | −30 | |
| Net income (loss) attributable to Viant Technology Inc. | 8 | 2 | −3 | −12 | −8 | |
| Basic (dollars per share) | 0.51 | 0.15 | −0.23 | −0.84 | −0.63 | |
| Diluted (dollars per share) | 0.36 | 0.14 | −0.23 | −0.84 | −0.63 | |
| Basic (shares) | 16 | 16 | 15 | 14 | 12 | |
| Diluted (shares) | 67 | 20 | 15 | 14 | 12 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 191 | 205 | 216 | 207 | 238 | |
| Accounts receivable, net of allowances | 177 | 147 | 117 | 102 | 111 | |
| Prepaid expenses and other current assets | 8 | 10 | 6 | 7 | 3 | |
| Total current assets | 376 | 362 | 340 | 315 | 352 | |
| Property, equipment, and software, net | 35 | 31 | 28 | 23 | 22 | |
| Operating lease assets, net | 20 | 24 | 23 | 26 | 21 | |
| Intangible assets, net | 3 | 3 | 201,000 | 667,000 | 2 | |
| Goodwill | 19 | 19 | 12 | 12 | 12 | |
| Deferred tax assets | 18 | 0 | — | — | — | |
| Other assets | 4 | 932,000 | 615,000 | 385,000 | 406,000 | |
| Total assets | 475 | 441 | 405 | 378 | 389 | |
| Accounts payable | 84 | 71 | 47 | 37 | 33 | |
| Accrued liabilities | 51 | 47 | 39 | 35 | 34 | |
| Accrued compensation | 13 | 12 | 11 | 9 | 12 | |
| Deferred revenue | 600,000 | 600,000 | 316,000 | 123,000 | 1 | |
| Current portion of operating lease liabilities | 5 | 5 | 4 | 4 | 0 | |
| Other current liabilities | 4 | 10 | 7 | 2 | 3 | |
| Total current liabilities | 157 | 145 | 109 | 87 | 83 | |
| Long-term debt | 0 | 0 | 0 | 0 | 18 | |
| Long-term portion of operating lease liabilities | 17 | 21 | 22 | 25 | 0 | |
| Tax receivable agreement, liability, non-current | 12 | 0 | — | — | — | |
| Total liabilities | 186 | 167 | 131 | 112 | 107 | |
| Commitments and contingencies (Note 13) | — | — | — | — | — | |
| Preferred stock, $0.001 par value | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 183 | 125 | 113 | 96 | 83 | |
| Accumulated deficit | −92 | −51 | −44 | −36 | −20 | |
| Treasury stock, at cost; 678,095 and 1,565,373 shares held | −9 | −21 | −1 | −475,000 | −3 | |
| Total stockholders' equity attributable to Viant Technology Inc. | 82 | 54 | 68 | 59 | 60 | |
| Noncontrolling interests | 207 | 220 | 206 | 207 | 222 | |
| Total equity | 289 | 274 | 274 | 266 | 283 | |
| Total liabilities and stockholders equity | 475 | 441 | 405 | 378 | 389 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 19 | 16 | 15 | 13 | 11 | |
| Stock-based compensation | 25 | 21 | 32 | 29 | 69 | |
| Provision for doubtful accounts | 622,000 | 1 | 100,000 | 1 | −107,000 | |
| Loss on disposal of assets | 94,000 | 25,000 | 115,000 | 588,000 | 188,000 | |
| Noncash lease expense | 4 | 4 | 4 | 3 | 0 | |
| Deferred taxes | −15 | 0 | 0 | — | — | |
| Accounts receivable | −31 | −30 | −16 | 8 | −21 | |
| Prepaid expenses and other assets | 3 | −4 | −87,000 | −4 | −750,000 | |
| Accounts payable | 12 | 24 | 10 | 4 | 3 | |
| Accrued liabilities | 4 | 8 | 4 | 860,000 | 10 | |
| Accrued compensation | 2 | 939,000 | 1 | −3 | 2 | |
| Deferred revenue | 2,000 | 161,000 | 193,000 | −6 | −2 | |
| Operating lease liabilities | −4 | −4 | −4 | −2 | 0 | |
| Other liabilities | −1 | 2 | 704,000 | −329,000 | 290,000 | |
| Net cash provided by operating activities | 53 | 52 | 38 | −4 | 29 | |
| Purchases of property and equipment | −926,000 | −2 | −1 | −758,000 | −441,000 | |
| Capitalized software development costs | −17 | −15 | −12 | −8 | −7 | |
| Cash paid for acquisitions | −549,000 | −10 | 0 | — | — | |
| Cash paid for investments | −4 | 0 | 0 | — | — | |
| Net cash used in investing activities | −22 | −28 | −13 | −9 | −7 | |
| Repurchase of stock related to tax withholdings on vested equity awards | −3 | −11 | −4 | −2 | −15 | |
| Repurchase of stock related to the stock repurchase program | −38 | −22 | 0 | — | — | |
| Payment of member tax distributions | −7 | −6 | −10 | −15,000 | −7 | |
| Proceeds from the exercise of stock options | 4 | 3 | 12,000 | 0 | 0 | |
| Payment of offering costs | 0 | −326,000 | 0 | 0 | −3 | |
| Net cash used in financing activities | −44 | −35 | −14 | −20 | 208 | |
| Net increase (decrease) in cash and cash equivalents | −14 | −11 | 10 | −32 | 229 | |
| Cash paid for interest | 282,000 | 282,000 | 215,000 | 238,000 | 660,000 | |
| Stock-based compensation included in capitalized software development costs | 3 | 2 | 5 | 4 | 11 | |
| Operating lease assets obtained in exchange for operating lease liabilities including adjustments | 233,000 | 5 | 505,000 | 8 | 0 | |
| Capitalized assets financed by accounts payable and accrued liabilities | 550,000 | 599,000 | 1 | 503,000 | 356,000 | |
| Accrued member tax distributions | 293,000 | 5 | 5 | 0 | 5,000 |
Filings
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