Viant Technology Inc. · Internet and software services

DSP

Moderate riskNext report: Around Nov 9 (est.)

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The short version

A profitable company with growing sales. Institutions are adding.

Going well

Sales up 34% in the latest quarter vs a year ago
Profitable
Sales up 19% last year

Watch out for

Share count growing 67.8% a year (dilution)
1 offering filing in 6 months (may sell new shares)

Money moves

Insiders sold $272K in the last 30 days, all through pre-planned sales
Institutions added 15% to their holdings in the quarter ending June 2026 (78 bought, 44 sold)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$13.83+0.1% that day

Company value: $902M; Share price times all shares
Price vs profit (P/E): 38.4x; You pay about $38 for each $1 of yearly profit
Price vs sales: 2.3x; Company value is 2.3 times a year of sales
Cash vs value: 21%; Cash as a share of company value

From DSP's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jun '26

$104.3M+34% vs a year earlier

Sep '23Tap a barJun '26

Last 12 months: $388.5M, up 22% from the 12 months before. Over 5 years, sales grew about 16% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of DSP. Starting points are the company's recent numbers.

Sales growth+22% a yearRecently: +22% a yearProfit margin2%Last 12 months: 2.2%P/E at the end38xToday: 38.4x. Many steady companies trade at 12x to 25xShare count change+10% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$1.0B

Profit in 5 years$21M

Price these guesses point to$7.60-45% vs $13.83 todayAbout -11% a year, before dividends

What today's price needs: with a 2% margin and a 38x P/E, sales would have to grow about 38% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

2/6Weak

MissReturn on equity 15%+Earns a lot on the money owners have in the business.12.3%
PassDebt under half of equityNot relying on borrowed money.0.00x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.2.4%
MissProfitable every yearSteady profits, not one good year.4 of 7 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$51.7M
MissShare count not growingNot diluting owners. Falling means buybacks.+372.2% in 3 years

Revenue: $344.2M; +19.0% vs prior year
5-year growth: +15.8%/yr; revenue, per year
Total debt: None; 0.00x equity
Current ratio: 2.40x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.