Viant Technology (DSP) AI Stock Analysis

• Market Cap: $559.01M
• Dividend Yield: N/A
• Average Volume (3M): 306.39K
• Price to Earnings (P/E): 264.3
• Beta (1Y): 1.51
• Revenue Growth: 30.92%
• EPS Growth: N/A
• Country: US
• Employees: 383
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.02
• Shares Outstanding: 16,254,640
• 10 Day Avg. Volume: 260,978
• 30 Day Avg. Volume: 306,392
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.72
• Enterprise Value/Revenue: 3.01
• Enterprise Value/Gross Profit: 6.66
• Enterprise Value/Ebitda: 53.08
• 1Y Price Target: $18.94
• Price Target Upside: 113.29% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 59 Neutral
• Price Target: $10.00 ▲(12.61% Upside)

Viant Technology's overall stock score is primarily driven by its solid financial performance and strong cash flow generation. However, the stock's technical indicators and high P/E ratio suggest caution, as they indicate bearish momentum and potential overvaluation. The earnings call provided a mixed outlook with strong growth in certain areas but highlighted temporary challenges impacting short-term growth.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategies, enhancing long-term financial health and competitive positioning.

Cash Flow Generation

Robust cash generation supports operational needs and strategic investments, ensuring financial flexibility and sustainability in the long run.

AI and CTV Advancements

Advancements in AI and CTV offerings enhance product capabilities, attracting more clients and driving future growth in a competitive digital advertising landscape.

Negative Factors

Temporary Disruption Due to Economic Policies

Economic policy disruptions can create short-term revenue volatility, impacting financial performance and potentially delaying strategic initiatives.

Impact of Client Loss

Losing key clients can affect revenue streams and growth projections, highlighting the need for diversification and client retention strategies.

Margin Improvement Needs

Low profit margins indicate potential inefficiencies in cost management, which could hinder profitability and require strategic focus to enhance long-term financial performance.

Viant Technology Business Overview & Revenue Model

Company Description

Viant Technology is a leading advertising technology company that specializes in providing a robust demand-side platform (DSP) for digital advertising. The company operates within the AdTech sector, focusing on programmatic media buying across various channels, including display, video, and mobile advertising. Viant's core products include its proprietary DSP, which allows advertisers to efficiently manage their ad campaigns, optimize targeting, and analyze performance in real-time, as well as its audience data solutions that enhance targeting precision and campaign effectiveness.

How the Company Makes Money

Viant Technology generates revenue primarily through its demand-side platform by charging advertisers for access to its services, which include media buying, campaign management, and data analytics. The company earns money through a combination of transaction fees and service fees associated with the digital ads purchased through its platform. Additionally, Viant benefits from partnerships with media publishers and data providers, which allow it to enhance its inventory offerings and audience targeting capabilities. The company's revenue model is further supported by its ability to provide detailed insights and performance metrics to clients, incentivizing continued use of its platform and services.

Viant Technology Financial Statement Overview

Summary

Viant Technology demonstrates a solid financial performance with notable improvements in revenue growth and cash flow generation. While profitability margins are improving, they remain an area for further enhancement. The balance sheet is stable, though leverage should be monitored. Overall, the company is on a positive trajectory with strong cash flow capabilities supporting its growth strategy.

Income Statement

Viant Technology's income statement shows a positive trajectory with a revenue growth rate of 3.91% in the TTM period, indicating a recovery from previous years. The gross profit margin remains stable at around 45%, which is healthy for the industry. However, the net profit margin is relatively low at 1.21%, suggesting room for improvement in cost management. The EBIT and EBITDA margins have improved, reflecting better operational efficiency.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 0.86 in the TTM period, indicating manageable leverage. The return on equity has improved to 8.69%, showing better profitability. However, the equity ratio is not explicitly calculated, which could provide more insight into the company's financial stability. Overall, the balance sheet reflects a stable financial position with some leverage concerns.

Cash Flow

Cash flow analysis shows strong free cash flow growth of 38.66% in the TTM period, indicating robust cash generation. The operating cash flow to net income ratio is healthy at 0.41, and the free cash flow to net income ratio is over 1, suggesting efficient cash conversion. These metrics highlight the company's strong cash flow management and ability to support operations and growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	318.47M	289.24M	222.93M	197.17M	224.13M	165.25M
Gross Profit	144.26M	132.07M	102.45M	80.44M	94.52M	76.99M
EBITDA	18.09M	19.94M	-3.56M	-36.13M	-31.65M	31.87M
Net Income	2.35M	2.36M	-3.44M	-9.26M	-8.55M	20.64M
Balance Sheet
Total Assets	397.97M	440.80M	404.91M	377.88M	389.13M	133.52M
Cash, Cash Equivalents and Short-Term Investments	172.82M	205.05M	216.46M	206.57M	238.48M	9.63M
Total Debt	23.71M	26.01M	25.43M	28.71M	17.50M	23.54M
Total Liabilities	142.37M	166.73M	130.52M	112.11M	106.56M	113.40M
Stockholders Equity	27.48M	53.84M	68.26M	59.25M	60.16M	20.12M
Cash Flow
Free Cash Flow	51.60M	49.27M	24.28M	-12.36M	21.29M	11.03M
Operating Cash Flow	50.04M	51.77M	37.75M	-3.53M	28.66M	18.88M
Investing Cash Flow	-31.55M	-27.74M	-13.48M	-8.83M	-7.37M	-7.84M
Financing Cash Flow	-55.42M	-35.43M	-14.39M	-19.55M	207.56M	-6.22M

Viant Technology Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 8.88
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DSP, the sentiment is Neutral. The current price of 8.88 is above the 20-day moving average (MA) of 8.65, below the 50-day MA of 9.15, and below the 200-day MA of 13.56, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 50.33 is Neutral, neither overbought nor oversold. The STOCH value of 30.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for DSP.

Viant Technology Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RDVT	―	$749.63M	89.07	9.45%	―	22.14%	-45.14%
PUBM	―	$382.28M	―	-0.65%	―	3.53%	-109.03%
Sector *	―	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
DSP	―	$559.01M	264.29	5.20%	―	30.92%	―
APPS	―	$697.33M	―	-46.55%	―	-2.45%	82.00%
ONTF	―	$233.53M	―	-22.60%	―	-6.88%	15.83%
BMBL	―	$577.26M	―	-75.71%	―	-5.06%	-2318.18%

Viant Technology Corporate Events

Viant Technology’s Earnings Call: Growth Amid Challenges

Viant Technology, Inc. recently held its earnings call, revealing a mixed sentiment with strong financial performance and growth in AI and CTV offerings, yet facing challenges due to economic policies and client losses. The call highlighted significant achievements in revenue growth and strategic advancements, while also addressing temporary setbacks impacting short-term projections.

Viant Technology Reports Strong Q2 2025 Results

Viant Technology Inc., a leader in AI-powered programmatic advertising, specializes in digital marketing solutions with a focus on connected TV (CTV) advertising. The company recently reported its second-quarter 2025 financial results, showcasing significant growth across key financial metrics.