Viant Technology Inc. (DSP) AI Stock Analysis

Viant Technology Inc. provides advertising software solutions that enable marketers and advertising agencies to plan, execute, and measure campaigns across multiple channels. Its core offering is Adelphic, an enterprise platform supporting advertising on desktop, mobile, connected and linear TV, in-game environments, streaming audio, and digital billboards. Complementing this is Holistic, an omnichannel demand side platform providing real-time channel metrics. Viant also utilizes proprietary technologies such as Viant Household ID for optimized bidding and targeting, alongside identity solutions like World Without Cookies software and the Viant Identity Graph to address privacy regulations without relying heavily on cookies.

Between FY2021 and FY2025, Viant delivered a 5-year revenue CAGR of 15.8%. Revenue fell 12.0% in FY2022 to $197.2M, before rebounding 13.1% in FY2023 to $222.9M, 29.7% in FY2024 to $289.2M, and 19.0% in FY2025 to $344.2M. Net income turned positive in FY2024 at $2.4M and expanded to $8.4M in FY2025, with net margin reaching 2.4%. Gross margin stood at 45.8% in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue growth reached 33.9% year-over-year, and quarterly earnings grew 255.1% year-over-year, bringing trailing twelve month EPS to $0.36.

As of June 30, 2026, Viant held $193.1M in cash and short-term investments against total debt of $22.1M, yielding net cash of $170.9M. The company maintains a current ratio of 2.34 and a debt-to-equity ratio of 0.20, with total assets of $498.4M and shareholders' equity of $113.4M. In FY2025, operating cash flow was $52.6M and free cash flow reached $51.7M. Capital deployment in FY2025 included $926,000 in capital expenditures and $38.1M spent on share buybacks.

Trading at $12.64 as of October 16, 2026, Viant has a market cap of $840.9M and an enterprise value of $89.4M. It trades at a trailing P/E of 35.1x, above the 28.1x median of its US-listed Technology peers, but its forward P/E of 12.9x sits below the peer median of 18.8x. Its EV to EBITDA is 3.0x compared to the peer median of 16.6x, and its PEG ratio is 0.96. Over the past year, DSP returned 52.5% compared to 16.8% for the S&P 500, though its 5-year return of -5.0% trails the S&P 500 return of 83.0%.

Wall Street analysts track Viant with 8 Strong Buy and 3 Buy ratings, with zero Hold, Sell, or Strong Sell ratings. The mean price target of $19.50 represents an upside of 54.3% over the last close of $12.64. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $442.6M and EPS of $0.60, representing EPS growth of 33.7%. Over the last four quarters, Viant posted 1 EPS beat. The company's next earnings date is scheduled for November 9, 2026.

This page is an AI-written research summary of Viant Technology Inc. (DSP). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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