Viant Technology Inc. (DSP) Key Metrics
DSP valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $840.9M
- Enterprise value
- $89.4M
- P/E (TTM)
- 35.1
- Forward P/E
- 12.9
- PEG ratio
- 0.96
- Price / sales
- 2.2 10-yr median 0.6
- Price / book
- 2.3 10-yr median 1.5
- EV / EBITDA
- 3.0
- Dividend yield
- —
- Beta
- 1.11
DSP key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsDSP valuation Price multiples at each fiscal year-end price.
DSP returns How much profit the business earns on the capital it uses.
DSP per-share figures Results divided by the shares outstanding at year-end.
DSP financial health Debt, liquidity and how easily interest is covered.
DSP efficiency & capital use Working capital cycle and where the cash goes.
DSP valuation history
DSP returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DSP debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DSP cash returned to shareholders
DSP price vs earnings per share
DSP key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $806.4M | $388.6M | $104.9M | $57.0M | $133.0M | — | — | — |
| Enterprise value | $637.0M | $209.6M | −$86.1M | −$120.8M | −$41.6M | — | — | — |
| P/E ratio | 96.6 | 164.5 | — | — | — | — | — | — |
| Price / sales | 2.3 | 1.3 | 0.5 | 0.3 | 0.6 | — | — | — |
| Price / book | 9.8 | 7.2 | 1.5 | 1.0 | 0.5 | — | — | — |
| Price / free cash flow | 15.6 | 7.9 | 2.9 | — | 6.2 | — | — | — |
| Price / operating cash flow | 15.3 | 7.5 | 2.8 | — | 4.6 | — | — | — |
| EV / sales | 1.9 | 0.7 | -0.4 | -0.6 | -0.2 | — | — | — |
| EV / EBITDA | 20.7 | 7.1 | — | — | — | — | — | — |
| EV / free cash flow | 12.3 | 4.3 | — | — | — | — | — | — |
| Earnings yield | 1.0% | 0.6% | −3.3% | −20.9% | −5.8% | — | — | — |
| Free cash flow yield | 6.4% | 12.7% | 34.9% | −7.5% | 16.0% | — | — | — |
| Dividend yield | — | — | — | 0.0% | 0.0% | — | — | — |
| Shareholder yield (dividends + buybacks) | 4.7% | 8.3% | 4.0% | 3.6% | 11.3% | — | — | — |
| Share price at fiscal year-end | $12.04 | $18.99 | $6.89 | $4.02 | $9.71 | — | — | — |
| Per share | ||||||||
| Revenue per share | $5.14 | $14.13 | $14.64 | $13.90 | $16.35 | $16.53 | $2.80 | $1.84 |
| Earnings per share | $0.12 | $0.12 | −$0.23 | −$0.84 | −$0.56 | $1.13 | $0.17 | −$0.43 |
| Operating cash flow per share | $0.79 | $2.53 | $2.48 | −$0.25 | $2.09 | $1.89 | $0.22 | $0.06 |
| Free cash flow per share | $0.77 | $2.41 | $2.40 | −$0.30 | $1.55 | $1.10 | $0.21 | −$0.09 |
| Cash per share | $2.85 | $10.02 | $14.22 | $14.56 | $17.40 | $0.96 | $0.08 | $0.05 |
| Book value per share | $1.23 | $2.63 | $4.48 | $4.18 | $20.62 | $2.01 | $0.39 | −$1.41 |
| Tangible book value per share | $0.90 | $1.54 | $3.65 | $3.25 | $19.58 | $0.47 | $0.10 | −$1.72 |
| Dividends per share | — | — | — | $0.00 | $0.00 | $0.50 | $0.08 | $0.08 |
| Capex per share | $0.01 | $0.12 | $0.08 | $0.05 | $0.54 | $0.78 | $0.01 | $0.15 |
| Debt per share | $0.32 | $1.27 | $1.67 | $2.02 | $4.66 | $2.35 | $0.30 | $1.12 |
| Shares outstanding | 67.0M | 20.5M | 15.2M | 14.2M | 13.7M | 10.0M | 58.9M | 58.9M |
| Change in shares outstanding | +227.3% | +34.4% | +7.3% | +3.5% | +37.0% | −83.0% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | 12.3% | 3.9% | −5.4% | −7.0% | −5.1% | 52.6% | — | — |
| Return on invested capital (ROIC) | — | — | — | — | −47.6% | 32.6% | 82.6% | — |
| Return on assets (ROA) | 1.8% | 0.6% | −0.9% | −3.1% | −3.0% | 9.4% | 10.3% | −29.5% |
| Return on tangible assets | 1.8% | 0.6% | −0.9% | −3.3% | −2.1% | 9.5% | 11.0% | −37.1% |
| Free cash flow margin | 15.0% | 17.0% | 16.4% | −2.2% | 9.5% | 6.7% | 7.6% | −4.9% |
| Income quality (OCF / net income) | 6.30 | 21.92 | — | — | — | 1.68 | 1.31 | — |
| Financial health | ||||||||
| Total debt | $21.7M | $26.0M | $25.4M | $28.7M | $63.8M | $23.5M | $17.5M | $66.0M |
| Cash & short-term investments | $191.2M | $205.0M | $216.5M | $206.6M | $238.5M | $9.6M | $4.8M | $2.7M |
| Net debt | −$169.4M | −$179.0M | −$191.0M | −$177.9M | −$174.6M | $13.9M | $12.7M | $63.3M |
| Debt / equity | 0.26 | 0.48 | 0.37 | 0.48 | 0.23 | 1.17 | 0.77 | — |
| Debt / assets | 0.05 | 0.06 | 0.06 | 0.08 | 0.16 | 0.18 | 0.16 | 0.76 |
| Net debt / EBITDA | −5.50 | −6.06 | −35.78 | — | — | 0.44 | 0.55 | — |
| Current ratio | 2.40 | 2.49 | 3.13 | 3.61 | 4.24 | 1.30 | 1.22 | 1.15 |
| Quick ratio | 2.40 | 2.49 | 3.13 | 3.61 | 4.24 | 1.30 | 1.22 | 1.15 |
| Interest coverage | — | 8.7 | -45.7 | -33.3 | -49.5 | 21.0 | 3.2 | -4.7 |
| Working capital | $219.2M | $217.0M | $231.6M | $227.7M | $269.1M | $24.2M | $13.7M | $7.0M |
| Invested capital | −$87.3M | −$125.2M | −$122.8M | −$118.6M | $107.9M | $34.0M | $35.4M | −$19.9M |
| Tangible asset value | $266.7M | $251.8M | $261.8M | $252.7M | $268.4M | $4.7M | $6.0M | −$56.1M |
| Net current asset value | $190.3M | $195.8M | $209.9M | $202.7M | $245.6M | −$9.5M | −$9.4M | −$72.0M |
| Graham number | $1.85 | $2.61 | — | — | — | $7.14 | $1.21 | — |
| Graham net-net per share | $2.06 | $7.26 | $11.43 | $12.03 | $15.69 | −$3.64 | −$0.48 | −$1.46 |
| Capital allocation | ||||||||
| Dividends paid | — | — | — | $0 | $0 | $5.0M | $5.0M | $5.0M |
| Share buybacks (net) | $38.1M | $32.2M | $4.2M | $2.0M | $15.0M | $4.3M | — | — |
| Dividend payout ratio | — | — | — | — | — | 44.4% | 50.4% | — |
| Dividends + buybacks / free cash flow | 73.7% | 65.4% | 11.6% | — | 70.7% | 84.5% | 39.7% | — |
| Capex / revenue | 0.3% | 0.9% | 0.5% | 0.4% | 3.3% | 4.7% | 0.3% | 8.1% |
| Capex / operating cash flow | 1.8% | 4.8% | 3.2% | — | 25.7% | 41.5% | 3.2% | 253.3% |
| Capex / depreciation | 0.05 | 0.15 | 0.08 | 0.06 | 0.66 | 0.78 | 0.04 | 0.83 |
| Stock-based compensation / revenue | 7.2% | 7.3% | 14.5% | 14.7% | 30.7% | 0.8% | 0.7% | 0.6% |
| R&D / revenue | 8.9% | 8.2% | 11.1% | 10.8% | 11.3% | 4.3% | 5.6% | 8.8% |
| SG&A / revenue | 33.4% | 36.3% | 43.1% | 55.0% | 49.9% | 10.7% | 29.6% | 41.6% |
| Efficiency | ||||||||
| Days sales outstanding | 171.8 | 166.8 | 179.4 | 196.6 | 163.3 | 174.3 | 129.0 | 163.4 |
| Days of inventory on hand | — | — | 0.0 | — | 0.0 | 0.0 | — | 0.0 |
| Days payables outstanding | 151.4 | 137.8 | 127.9 | 109.4 | 88.2 | 100.7 | 74.2 | 87.2 |
| Cash conversion cycle (days) | 20.4 | 29.1 | 51.5 | 87.2 | 75.1 | 73.6 | 54.8 | 76.2 |
| Receivables turnover | 2.12 | 2.19 | 2.03 | 1.86 | 2.24 | 2.09 | 2.83 | 2.23 |
| Payables turnover | 2.41 | 2.65 | 2.85 | 3.34 | 4.14 | 3.62 | 4.92 | 4.19 |
| Inventory turnover | — | — | 120,479,000.00 | — | 129,604,000.00 | 91,028,000.00 | — | 74,344,000.00 |
| Asset turnover | 0.75 | 0.68 | 0.57 | 0.51 | 0.86 | 1.37 | 1.70 | 1.25 |
| Average receivables | $162.0M | $132.2M | $109.6M | $106.2M | $100.3M | $78.9M | $58.3M | $48.5M |
| Average payables | $77.4M | $59.3M | $42.2M | $35.0M | $31.3M | $25.1M | $19.1M | $17.8M |
| Average inventory | — | — | $1 | — | $1 | $1 | — | $1 |
| Intangibles / total assets | 4.7% | 5.0% | 3.1% | 3.5% | 3.7% | 11.6% | 15.6% | 20.7% |
Computed from DSP's annual financial statements (latest annual report filed March 11, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DSP valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Viant Technology traded at 96.6 times earnings. Based on the latest twelve months, the trailing P/E is 35.1 and the forward P/E is 12.9. Viant Technology earned a return on equity of 12.3% in fiscal 2025. It ended the year with $21.7 million of debt and $191.2 million in cash and short-term investments, a net cash position of $169.4 million. It returned $38.1 million to shareholders: $0 in dividends and $38.1 million in share buybacks, 74% of free cash flow. The share count rose 13.6% from 58.9M to 67.0M over 7 years.
See the DSP income statement, the DSP chart for price history, or the DSP stock overview for the latest quote and news.
DSP key metrics FAQ
What is Viant Technology's P/E ratio?
Viant Technology's trailing P/E ratio is 35.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 12.9. At the end of fiscal 2025 it was 96.6.
What is Viant Technology's EV/EBITDA?
Viant Technology's enterprise value was 20.7 times EBITDA at the end of fiscal 2025 (enterprise value $637.0 million, EBITDA $30.8 million); the current EV/EBITDA is 3.0.
What is Viant Technology's return on equity?
Viant Technology's return on equity (ROE) was 12.3% in fiscal 2025: net income of $8.4 million on average shareholders' equity of $68.0 million.
How much debt does Viant Technology have?
Viant Technology had total debt of $21.7 million at the end of fiscal 2025, a debt-to-equity ratio of 0.26 and more cash than debt.
Does Viant Technology buy back its shares?
Yes. Viant Technology spent $38.1 million on net share repurchases in fiscal 2025 Shares outstanding changed +227.3% over the year, to 67.0M..
What is Viant Technology's free cash flow yield?
Viant Technology generated $51.7 million of free cash flow in fiscal 2025, a free cash flow yield of 6.4% on its market value at year-end ($806.4 million).
What is Viant Technology's current ratio?
Viant Technology's current ratio was 2.40 at the end of fiscal 2025: current assets were 2.40 times current liabilities.