DSP Stock Analysis: Viant Technology | NASDAQ
Software - Application | NASDAQ, USA | Market Cap: 774m USD | 12M Return: -4.3% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 3.73M
Qual. Beats: 0
Rev. Trend: 99.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 5.4 years of data
Average return per month, with how dependable it is below — did the month move the same way every year (high) or randomly (low). Above 60 is a pattern worth trusting; under 40 is noise.
Viant Technology Inc. (NASDAQ: DSP) operates a cloud-based demand side platform (DSP) that enables programmatic purchasing of digital advertising across channels including connected TV (CTV), streaming audio, digital out-of-home, mobile, and desktop. Its product suite spans ViantAI (artificial intelligence tools), the Holistic Omnichannel DSP, Household ID (a household-level identity graph), IRIS_ID (a content identifier for ad-supported streaming), and the Viant Data Platform for first- and third-party data integration. The company also offers supply path optimization through Direct Access, advanced reporting and measurement capabilities, and a flexible engagement model that gives customers transparency into campaign data and infrastructure. Viant sells primarily through a direct sales team and serves advertisers, large independent and mid-market agencies, and programmatic buyers. The company was founded in 1999, is headquartered in Irvine, California, and went public in February 2021.
As a demand side platform, Viant sits within the broader ad-technology stack that automates the buying and optimization of digital ad inventory in real time, an industry that has grown alongside the migration of advertising budgets from linear TV and traditional media into digital channels. The companys emphasis on CTV, identity resolution, and data integration reflects two prevailing trends in the sector: the rapid shift of ad spend into streaming and the increasing importance of first-party data and identity solutions in a privacy-conscious, cookieless advertising environment.
- CTV ad spend growth accelerates revenue mix
- ViantAI suite drives operating margin expansion
- Google and Trade Desk competition pressures market share
| Net Income: 9.09m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.11 > 0.02 and ΔFCF/TA 2.90 > 1.0 |
| NWC/Revenue: 60.78% < 20% (prev 64.94%; Δ -4.16% < -1%) |
| CFO/TA 0.14 > 3% & CFO 60.0m > Net Income 9.09m |
| Net Debt (-162.3m) to EBITDA (30.8m): -5.26 < 3 |
| Current Ratio: 2.87 > 1.5 & < 3 |
| Outstanding Shares: last quarter (63.5m) vs 12m ago 0.46% < -2% |
| Gross Margin: 55.50% > 18% (prev 45.39%; Δ 10.11% > 0.5%) |
| Asset Turnover: 86.88% > 50% (prev 77.69%; Δ 9.20% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.50 (Total Current Assets 337.9m - Total Current Liabilities 117.8m) / Total Assets 439.0m |
| B: -0.22 (Retained Earnings -98.7m / Total Assets 439.0m) |
| C: 0.03 (EBIT TTM 11.0m / Avg Total Assets 416.8m) |
| D: 0.57 (Book Value of Equity 85.3m / Total Liabilities 148.6m) |
| Altman-Z'' = 3.34 = A |
| DSRI: 0.94 (Receivables 146.2m/131.3m, Revenue 362.1m/306.5m) |
| GMI: 0.82 (GM 45.39% / 55.50%) |
| AQI: 1.70 (AQ_t 0.10 / AQ_t-1 0.06) |
| SGI: 1.18 (Revenue 362.1m / 306.5m) |
| TATA: -0.12 (NI 9.09m - CFO 60.0m) / TA 439.0m) |
| Beneish M = -2.71 (Cap -4..+1) = A |
As of July 01, 2026, the stock is trading at USD 12.66 with a total of 218,464 shares traded. Over the past week, the price has changed by +14.16%, over one month by -6.91%, over three months by +13.04% and over the past year by -4.31%.
Current recommended Stop Loss: 11.60 (which is 8.4% or 1.3 ATR below the current price).
Viant Technology has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy DSP.
- StrongBuy: 4
- Buy: 4
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 17.8 | 40.4% |
P/E Trailing = 29.475
P/E Forward = 15.7233
P/S = 2.1366
P/B = 2.767
P/EG = 0.8062
Revenue TTM = 362.1m USD
EBIT TTM = 11.0m USD
EBITDA TTM = 30.8m USD
Long Term Debt = 18.3m USD (estimated: total debt 23.4m - short term 5.10m)
Short Term Debt = 5.10m USD (from shortTermDebt, last quarter)
Debt = 23.4m USD (from shortLongTermDebtTotal, last quarter) (leases 23.4m already included)
Net Debt = -162.3m USD (calculated: Debt 23.4m - CCE 185.7m)
Enterprise Value = 611.3m USD (773.6m + Debt 23.4m - CCE 185.7m)
Interest Coverage Ratio = unknown (Ebit TTM 11.0m / Interest Expense TTM 0.0)
EV/FCF = 13.20x (Enterprise Value 611.3m / FCF TTM 46.3m)
FCF Yield = 7.57% (FCF TTM 46.3m / Enterprise Value 611.3m)
FCF Margin = 12.79% (FCF TTM 46.3m / Revenue TTM 362.1m)
Net Margin = 2.51% (Net Income TTM 9.09m / Revenue TTM 362.1m)
Gross Margin = 55.50% ((Revenue TTM 362.1m - Cost of Revenue TTM 161.1m) / Revenue TTM)
Gross Margin QoQ = 83.53% (prev 46.58%)
Tobins Q-Ratio = 1.39 (Enterprise Value 611.3m / Total Assets 439.0m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 23.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 8.69m (EBIT 11.0m * (1 - 21.00%))
Current Ratio = 2.87 (Total Current Assets 337.9m / Total Current Liabilities 117.8m)
Debt / Equity = 0.27 (Debt 23.4m / totalStockholderEquity, last quarter 85.3m)
Debt / EBITDA = -5.26 (Net Debt -162.3m / EBITDA 30.8m)
Debt / FCF = -3.51 (Net Debt -162.3m / FCF TTM 46.3m)
Total Stockholder Equity = 54.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.18% (Net Income 9.09m / Total Assets 439.0m)
RoE = 16.65% (Net Income TTM 9.09m / Total Stockholder Equity 54.6m)
RoCE = 15.09% (EBIT 11.0m / Capital Employed (Equity 54.6m + L.T.Debt 18.3m))
RoIC = 2.82% (NOPAT 8.69m / Invested Capital 308.2m)
WACC = 11.49% (E(773.6m)/V(797.0m) * Re(11.84%) + D(23.4m)/V(797.0m) * Rd(0.0%) * (1-Tc(0.21)))
Discount Rate = 11.84% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 2.22 | Cagr: 0.45%
[DCF] Terminal Value 68.50% ; FCFF base≈39.9m ; Y1≈45.7m ; Y5≈67.2m
[DCF] Fair Price = 40.54 (EV 649.4m - Net Debt -162.3m = Equity 811.7m / Shares 20.0m; r=11.49% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: 99.46 | Revenue CAGR: 24.48% | SUE: 0.71 | # QB: 0
EPS next Quarter (2026-09-30): EPS=0.17 | Chg30d=-10.57% | Revisions=-43% | Analysts=6
EPS current Year (2026-12-31): EPS=0.68 | Chg30d=-6.51% | Revisions=-25% | GrowthEPS=+50.0% | GrowthRev=+27.3%
EPS next Year (2027-12-31): EPS=0.80 | Chg30d=-2.63% | Revisions=-25% | GrowthEPS=+17.9% | GrowthRev=+19.7%
[Analyst] Revisions Ratio: -43%