DSPNasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends December 31
Viant Technology Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 10, 2026
$12.80+0.16 (+1.27%)
Close on Oct 19, 2026
- Market cap
- $834.47M
- P/E (TTM)
- 35.6
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
45.8%−0.8 pts over 5 years
Operating margin
3.5%−9.7 pts over 5 years
Net margin
2.4%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.0% | +20.4% | +15.8% | – | |
| Gross profit | +19.3% | +25.1% | +15.4% | – | |
| Operating income | +247.3% | – | -11.1% | – | |
| Net income | +253.6% | – | – | – | |
| EPS, diluted | +157.1% | – | -55.5% | – | |
| Free cash flow | +4.9% | – | +22.9% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 12.3% | |
| Return on assets | – | – | 1.8% | |
| Current ratio | – | 1.30 | 2.40 | |
| Debt to equity | – | 1.17 | 0.00 | |
| Net debt to EBITDA | – | 0.44× | -6.21× | |
| Interest coverage | 3.1× | 20.0× | – | |
| Capex to revenue | 0.3% | 0.3% | 0.3% | |
| Diluted shares | 0M | 1M | 67M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Viant Technology generated $174.32M from operations and spent $5.82M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$174.32M
Used
$5.82M
Capital expenditure$5.82M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin2.4%
×Asset turnover0.75×
×Equity multiplier6.73×
=Return on equity, FY202512.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 2.4% | 0.75× | 6.73× | 12.3% |
| FY2024 | 0.8% | 0.68× | 6.93× | 3.9% |
| FY2023 | -1.5% | 0.57× | 6.14× | -5.4% |
| FY2022 | -6.0% | 0.51× | 6.42× | -20.0% |
| FY2021 | -3.5% | 0.86× | 6.51× | -19.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$8.35M
- Cash generatingOperating cash flow above zero$52.61M
- Return on assets improvedROA up on the prior year0.6% → 1.9%
- Earnings backed by cashOperating cash flow above net income$52.61M vs $8.35M
- Less leverageLong-term debt to assets fell0.0% → 0.0%
- Better liquidityCurrent ratio rose2.49 → 2.40
- No dilutionShare count did not rise20M → 67M
- Gross margin improvedGross margin up on the prior year45.66% → 45.78%
- More efficientAsset turnover rose0.71 → 0.78