Viant Technology AI Stock Analysis
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Viant Technology (DSP) AI Stock Analysis
Viant Technology
(NASDAQ:DSP)
The score is driven primarily by improving fundamentals—especially strong free cash flow and a conservatively levered balance sheet—plus a highly upbeat earnings outlook with strong growth and margin expansion guidance. Offsetting factors are still-thin operating/net margins, only neutral near-term technical momentum, and a relatively elevated P/E without dividend support.
Viant Technology (DSP) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $792.37M
- Dividend Yield
- ―
- Average Volume (3M)
- 430.65K
- Price to Earnings (P/E)
- 32.6
- Beta (1Y)
- 1.42
- Revenue Growth
- 27.52%
- EPS Growth
- 318.58%
- Country
- US
- Employees
- 463
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Application
Viant Technology Business Overview & Revenue Model
Company Description
Viant Technology Inc. specializes in providing advanced advertising technology solutions. Among its key offerings is ViantAI, an artificial intelligence product suite. The company also provides Holistic, an integrated Omnichannel Demand-Side Platform...
Viant Technology Earnings Call Summary
The call was strongly positive, characterized by record Q3 results, accelerating contribution ex-TAC growth, robust CTV and proprietary-data adoption, expanding AI capabilities, strong cash generation and favorable Q4 and 2027 outlooks. The main drawbacks were limited near-term financial contribution from Waymark, early-stage TVision adoption, pending enterprise pipeline decisions and broader weakness in open internet traffic. Highlights significantly outweighed lowlights.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
For the fourth quarter of 2026, Viant expects revenue of $130.5 million to $133.5 million, up 20% year-over-year and 20% sequentially; contribution ex-TAC of $80.5 million to $82.5 million, up 26% year-over-year and 21% sequentially; non-GAAP operating expenses of $49.5 million to $50.5 million, up 25% year-over-year and 5% sequentially, or excluding acquisitions, up 14% year-over-year and 3% sequentially; adjusted EBITDA of $31 million to $32 million, up 27% year-over-year and 59% sequentially; and adjusted EBITDA margin as a percentage of contribution ex-TAC of 39%, up approximately 40 basis points year-over-year. At the midpoint of Q4 guidance, full year 2026 revenue is expected to be approximately $435 million, up 26% year-over-year; contribution ex-TAC approximately $259 million, up 24% year-over-year; non-GAAP operating expenses approximately $184 million, up 22% year-over-year, or excluding acquisitions, up 15% year-over-year; adjusted EBITDA approximately $75 million, up 31% year-over-year; and adjusted EBITDA margin as a percentage of contribution ex-TAC 29%, up approximately 150 basis points year-over-year. Viant expects contributions to revenue and contribution ex-TAC from TVision and Waymark to be immaterial in Q4, political advertising to be a minimal contributor, Waymark’s stand-alone top line contribution in 2027 to remain modest, and 20% or more annual growth in contribution ex-TAC and meaningful adjusted EBITDA margin expansion in 2027.
Viant Technology Financial Statement Overview
Summary
Financial profile is improving, led by strong cash generation (TTM operating cash flow $68.8M and free cash flow $55.4M) and low leverage (TTM debt $21.0M vs. equity $114.7M; debt-to-equity 0.18). Revenue has scaled (to $413.3M TTM) and profitability has turned positive, but operating and net margins remain thin (TTM operating income $6.8M; net margin ~2.5%), which limits downside cushion.
Income Statement
66PositiveBalance Sheet
72PositiveCash Flow
81Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 413.34M | 344.20M | 289.24M | 222.93M | 197.17M | 224.13M |
| Gross Profit | 184.83M | 157.59M | 132.07M | 102.45M | 80.44M | 94.52M |
| EBITDA | 25.05M | 30.78M | 29.56M | 5.34M | -36.44M | -25.60M |
| Net Income | 7.76M | 8.35M | 2.36M | -3.44M | -11.91M | -7.74M |
Balance Sheet | ||||||
| Total Assets | 516.76M | 474.66M | 440.80M | 404.91M | 377.88M | 389.13M |
| Cash, Cash Equivalents and Short-Term Investments | 183.21M | 191.15M | 205.05M | 216.46M | 206.57M | 238.48M |
| Total Debt | 21.03M | 21.75M | 26.01M | 25.43M | 28.71M | 17.50M |
| Total Liabilities | 193.49M | 185.86M | 166.73M | 130.52M | 112.11M | 106.56M |
| Stockholders Equity | 114.67M | 82.14M | 53.84M | 68.26M | 59.25M | 60.16M |
Cash Flow | ||||||
| Free Cash Flow | 55.38M | 51.68M | 49.27M | 36.56M | -4.29M | 21.29M |
| Operating Cash Flow | 68.79M | 52.61M | 51.77M | 37.75M | -3.53M | 28.66M |
| Investing Cash Flow | -35.28M | -22.34M | -27.74M | -13.48M | -8.83M | -7.37M |
| Financing Cash Flow | -11.58M | -44.16M | -35.43M | -14.39M | -19.55M | 207.56M |
Viant Technology Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DSP, the sentiment is Negative. The current price of 11.92 is below the 20-day moving average (MA) of 13.09, below the 50-day MA of 12.77, and above the 200-day MA of 11.77, indicating a neutral trend. The MACD of -0.21 indicates Positive momentum. The RSI at 42.33 is Neutral, neither overbought nor oversold. The STOCH value of 29.73 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DSP.
Viant Technology Risk Analysis
Viant Technology disclosed 57 risk factors in its most recent earnings report. Viant Technology reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksViant Technology Peers Comparison
Overall Rating
- DSP71Outperform
PUBM70Outperform
MNTN69Neutral
APPS56Neutral
INUV42Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| DSP | 71Outperform | $759.50M | 32.62 | 7.84% | ― | 27.52% | 318.58% |
| PUBM | 70Outperform | $865.86M | -515.25 | -0.60% | ― | 4.30% | 83.10% |
| MNTN | 69Neutral | $373.27M | 6.46 | 17.53% | ― | 18.60% | ― |
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| APPS | 56Neutral | $889.84M | -685.59 | -1.24% | ― | 21.62% | 96.41% |
| INUV | 42Neutral | $6.35M | -0.60 | -83.61% | ― | -62.78% | -53.28% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| DSP | Viant Technology, Inc. | 11.92 | 2.18 | 22.38% | |
| INUV | Inuvo Inc | 0.28 | -2.37 | -89.55% | |
| APPS | Digital Turbine Inc. | 7.61 | 2.88 | 60.89% | |
| PUBM | Pubmatic Inc | 20.61 | 11.42 | 124.27% | |
| MNTN | MNTN, Inc Class A | 5.04 | -8.60 | -63.05% |
Viant Technology Corporate Events
Viant Technology Expands Share Repurchase Authorization to $150 Million
PositiveViant reported third-quarter 2026 results for the period ended September 30, with revenue up 29% year over year to $110.428 million, gross profit up 30% to $51.608 million, contribution ex-TAC up 27% to $67.234 million and adjusted EBITDA up 24% to $...
Viant Withdraws Planned Equity Offering Amid Market Volatility
NeutralOn September 17, 2026, Viant Technology Inc. and a selling stockholder decided not to move forward with a previously announced underwritten public offering of 8,500,000 shares of Class A common stock, along with a 30-day option for underwriters to pu...
Viant Technology Appoints Craig Abrahams to Board
PositiveOn August 5, 2026, Viant Technology Inc.’s Board of Directors elected Craig Abrahams as a Class I director, with his appointment becoming effective on August 10, 2026. Abrahams was also named to the Board’s Audit Committee, strengthening the company’...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 10, 2026