DSP Technology

Viant Technology Inc.

$12.96+1.89%

Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026

Basics

Sector: Technology
Industry: Software - Application
Country: United States
Market cap: 862.1M USD
Enterprise value: 631.0M USD
Full-time employees: 470

Overall health

Strength: growing faster than most peersgrowing faster than peers
Drawback: less profitable than most peersless profitable than peers
About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #553 of 1,612 technology companies (top 35%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 81% of peers on free cash flow, but only 36% on earnings.
Relative to its free cash flow, Viant Technology looks cheaper than 81% of peers; relative to its earnings, cheaper than only 36%. The valuation score blends the two, so look at which measure fits this business best.
Cash flow well above reported profit. Free cash flow is 7.6× reported profit.
Free cash flow is 7.6× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Little borrowing. Debt is 0.00× equity vs a peer median of 0.2×.Debt is 0.00× equity vs peers 0.2×.
Viant Technology has among the least debt in its peer group relative to shareholders' equity.

StockQuotient Score

58/ 100

Oct 5 60 → Nov 4 58 (-2)

Valuation

Is the price right?

54/100

Moderate▲ 3 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 51 → 54

Share price -8.3%+3
Company's reported figures updated+3
Peer companies moved-3

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Mixed versus peers:

▲ FCF yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield1.0%

SEC filings · 12 months to Jun 2026Reported value30% base weight · Z-score -0.54Sector median: 0.0225 · MAD: 0.0225

EBITDA yield4.4%

SEC filings · 12 months to Jun 2026Reported value50% base weight · Z-score 0.05Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield7.8%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score 1.85Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield13.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

79/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

12-month revenue up 7.3%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth12.6%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.05Sector median: 0.1108 · MAD: 0.3050

3-year revenue growth24.3%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 2.46Sector median: 0.0483 · MAD: 0.0793

Revenue growth22.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 1.32Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

34/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin2.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.56Sector median: 0.0631 · MAD: 0.0710

Return on assets1.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.33Sector median: 0.0293 · MAD: 0.0362

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin44.5%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity7.7%

SEC filings · 12 months to Jun 2026Reported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Moderate

Moderate relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Mixed versus peers:

▲ Debt / equity
▲ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.11

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -0.64Sector median: 0.8710 · MAD: 0.3700

Current ratio2.34×

SEC filings · latest balance sheetReported value33% base weight · Z-score 0.74Sector median: 1.8295 · MAD: 0.6848

Debt / equity0.00×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score 1.08Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Viant Technology

Is Viant Technology getting weaker?: Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 58/100 since Oct 28, 2026.
How is Viant Technology valued vs its peers?: Priced about in line with its peers. Valuation scores 54/100 against 1,711 technology peers. Free cash flow yield 7.8% vs a peer median of 2.7% (stronger than 81% of peers).Free cash flow yield 7.8% vs peers 2.7% (stronger than 81% of peers). Earnings yield 1.0% vs a peer median of 2.2% (weaker than 64% of peers).Earnings yield 1.0% vs peers 2.2% (weaker than 64% of peers).
Is Viant Technology growing?: Yes, faster than most of its peers. Growth scores 79/100 against 1,711 technology peers. 3-year revenue growth 24.3% vs a peer median of 4.8% (stronger than 90% of peers).3-year revenue growth 24.3% vs peers 4.8% (stronger than 90% of peers).
How profitable is Viant Technology?: Less profitable than most of its peers. Profitability scores 34/100 against 1,711 technology peers. Operating margin 2.3% vs a peer median of 6.3% (weaker than 68% of peers).Operating margin 2.3% vs peers 6.3% (weaker than 68% of peers).
How risky is Viant Technology?: Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.00× vs a peer median of 0.25× (stronger than 95% of peers).Debt / equity 0.00× vs peers 0.25× (stronger than 95% of peers). Beta 1.11 vs a peer median of 0.87 (weaker than 66% of peers).Beta 1.11 vs peers 0.87 (weaker than 66% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 10, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	362.1M USD	388.5M USD	+7.3%
Net income (12 months)	9.1M USD	8.7M USD	−4.4%
Operating margin	3.6%	2.3%	−1.2 pts
Free cash flow (12 months)	58.9M USD	66.0M USD	+12.2%
Debt	0 USD	0 USD	—
Cash	185.7M USD	193.1M USD	+4.0%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Application · 81 companies

Valuations in Software - Application are near the bottom of their range since 2016.

6% of months since 2016 were valued lower than now.
8% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −16% and earnings +31% (medians): earnings grew faster than prices.
Median price-to-sales is +85% vs the whole market, against a usual +235%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	42.2%	40.8%	46.0%	45.7%	45.8%	▲ 0.1 pts
Operating margin	-19.1%	-25.0%	-8.2%	1.2%	3.5%	▲ 2.3 pts
Net margin	-3.5%	-6.0%	-1.5%	0.8%	2.4%	▲ 1.6 pts
Return on assets (ROA)	-2.0%	-3.2%	-0.9%	0.5%	1.8%	▲ 1.2 pts
Return on equity (ROE)	-12.9%	-20.1%	-5.0%	4.4%	10.2%	▲ 5.8 pts
Free cash flow margin	12.6%	-2.2%	16.4%	17.0%	15.0%	▼ 2.0 pts
Current ratio	4.24×	3.61×	3.13×	2.49×	2.40×	▼ 3.9%
Debt to equity	0.29×	0.00×	0.00×	0.00×	0.00×	—
Interest coverage	-48.36×	-108.50×	—	—	—	—

DSP price history

Price history is added with the daily price update and will appear after the next one.

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Sector leaderboards

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Bringing the fundamentals into focus…

Overall health

Strength: growing faster than most peersgrowing faster than peers

Drawback: less profitable than most peersless profitable than peers

About average: valuation and risk (debt, liquidity and share-price swings)valuation and risk

Ranks #553 of 1,612 technology companies (top 35%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 81% of peers on free cash flow, but only 36% on earnings.

Relative to its free cash flow, Viant Technology looks cheaper than 81% of peers; relative to its earnings, cheaper than only 36%. The valuation score blends the two, so look at which measure fits this business best.

Cash flow well above reported profit. Free cash flow is 7.6× reported profit.

Free cash flow is 7.6× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Little borrowing. Debt is 0.00× equity vs a peer median of 0.2×.Debt is 0.00× equity vs peers 0.2×.

Viant Technology has among the least debt in its peer group relative to shareholders' equity.

Questions investors ask about Viant Technology

Is Viant Technology getting weaker?

Its latest SEC filing (Aug 10, 2026) showed no major changes. Its overall score is unchanged at 58/100 since Oct 28, 2026.

How is Viant Technology valued vs its peers?

Priced about in line with its peers. Valuation scores 54/100 against 1,711 technology peers. Free cash flow yield 7.8% vs a peer median of 2.7% (stronger than 81% of peers).Free cash flow yield 7.8% vs peers 2.7% (stronger than 81% of peers). Earnings yield 1.0% vs a peer median of 2.2% (weaker than 64% of peers).Earnings yield 1.0% vs peers 2.2% (weaker than 64% of peers).

Is Viant Technology growing?

Yes, faster than most of its peers. Growth scores 79/100 against 1,711 technology peers. 3-year revenue growth 24.3% vs a peer median of 4.8% (stronger than 90% of peers).3-year revenue growth 24.3% vs peers 4.8% (stronger than 90% of peers).

How profitable is Viant Technology?

Less profitable than most of its peers. Profitability scores 34/100 against 1,711 technology peers. Operating margin 2.3% vs a peer median of 6.3% (weaker than 68% of peers).Operating margin 2.3% vs peers 6.3% (weaker than 68% of peers).

How risky is Viant Technology?

Moderate risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Debt / equity 0.00× vs a peer median of 0.25× (stronger than 95% of peers).Debt / equity 0.00× vs peers 0.25× (stronger than 95% of peers). Beta 1.11 vs a peer median of 0.87 (weaker than 66% of peers).Beta 1.11 vs peers 0.87 (weaker than 66% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

362.1M USD

388.5M USD

+7.3%

Net income (12 months)

9.1M USD

8.7M USD

−4.4%

Operating margin

3.6%

2.3%

−1.2 pts

Free cash flow (12 months)

58.9M USD

66.0M USD

+12.2%

Debt

0 USD

0 USD

—

Cash

185.7M USD

193.1M USD

+4.0%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

42.2%

40.8%

46.0%

45.7%

45.8%

▲ 0.1 pts

Operating margin

-19.1%

-25.0%

-8.2%

1.2%

3.5%

▲ 2.3 pts

Net margin

-3.5%

-6.0%

-1.5%

0.8%

2.4%

▲ 1.6 pts

Return on assets (ROA)

-2.0%

-3.2%

-0.9%

0.5%

1.8%

▲ 1.2 pts

Return on equity (ROE)

-12.9%

-20.1%

-5.0%

4.4%

10.2%

▲ 5.8 pts

Free cash flow margin

12.6%

-2.2%

16.4%

17.0%

15.0%

▼ 2.0 pts

Current ratio

4.24×

3.61×

3.13×

2.49×

2.40×

▼ 3.9%

Debt to equity

0.29×

0.00×

—

Interest coverage

-48.36×

-108.50×

—