Viant Technology (DSP) financial statements
Viant Technology reported revenue of $344M in fiscal 2025, up 13.0% a year over 6 years.
Net income was $8M and the operating margin 3.5%, against 7.8% in 2019.
Free cash flow was $34M.
The diluted share count rose 6697500% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Viant Technology's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $165M | $165M | $224M | $197M | $223M | $289M | $344M |
| Cost of revenue | $94M | $88M | $130M | $117M | $120M | $157M | $187M |
| Gross profit | $71M | $77M | $95M | $80M | $102M | $132M | $158M |
| Selling, general and admin | $49M | $47M | $112M | $108M | $96M | $105M | $115M |
| Operating income | $13M | $22M | -$43M | -$49M | -$18M | $3M | $12M |
| Interest expense | $4M | $1M | $864,000 | $454,000 | — | — | — |
| Pre-tax income | — | — | — | — | -$10M | $13M | $10M |
| Income tax | $0 | $0 | $0 | $0 | $151,000 | $249,000 | -$14M |
| Net income | $10M | $21M | -$8M | -$12M | -$3M | $2M | $8M |
| EPS (diluted) | $27.37 | $20.64 | -$0.63 | -$0.84 | -$0.23 | $0.14 | $0.36 |
| Diluted shares | 0M | 1M | 12M | 14M | 15M | 20M | 67M |
| Gross margin | 43.0% | 46.6% | 42.2% | 40.8% | 46.0% | 45.7% | 45.8% |
| Operating margin | 7.8% | 13.2% | -19.1% | -25.0% | -8.2% | 1.2% | 3.5% |
| Net margin | 6.0% | 12.5% | -3.5% | -6.0% | -1.5% | 0.8% | 2.4% |
Balance sheet
Fiscal years, from Viant Technology's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | — | $10M | $238M | $207M | $216M | $205M | $191M |
| Receivables | — | $90M | $111M | $102M | $117M | $147M | $177M |
| Total current assets | — | $104M | $352M | $315M | $340M | $362M | $376M |
| Property, plant and equipment | — | $14M | $22M | $23M | $28M | $31M | $35M |
| Goodwill | — | $12M | $12M | $12M | $12M | $19M | $19M |
| Total assets | — | $134M | $389M | $378M | $405M | $441M | $475M |
| Total current liabilities | — | $80M | $83M | $87M | $109M | $145M | $157M |
| Long-term debt | — | $20M | $18M | $0 | $0 | $0 | $0 |
| Total liabilities | — | $106M | $107M | $112M | $131M | $167M | $186M |
| Shareholders' equity | $15M | $20M | $60M | $59M | $68M | $54M | $82M |
| Net debt | — | $14M | -$221M | -$207M | -$216M | -$205M | -$191M |
Cash flow
Fiscal years, from Viant Technology's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $13M | $19M | $29M | -$4M | $38M | $52M | $53M |
| Capital spending | $8M | $8M | $7M | $9M | $13M | $18M | $18M |
| Free cash flow | $5M | $11M | $21M | -$12M | $24M | $34M | $34M |
| Stock-based compensation | $1M | $0 | $69M | $29M | $32M | $21M | $25M |
| Dividends paid | — | $5M | $0 | $0 | — | — | — |
| Free cash flow margin | 3.2% | 6.7% | 9.5% | -6.3% | 10.9% | 11.8% | 10.0% |
| Dividends per share | — | $5.00 | — | — | — | — | — |
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Open DSP in InvestinglyQuestions
What was Viant Technology's revenue in 2025?
$344M in fiscal 2025, from its 10-K filing.
How much free cash flow does Viant Technology generate?
$34M in fiscal 2025 (operating cash flow minus capital spending).
From Viant Technology's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.