Viant Technology Inc. specializes in providing advanced advertising technology solutions. Among its key offerings is ViantAI, an artificial intelligence product suite. The ...
Viant Technology Inc. is a prominent player in the digital advertising technology sector, headquartered in Irvine, California. Founded in 1999 by the Vanderhook brothers (Tim, Chris, and Russ), the company has evolved into a leader in AI-powered programmatic advertising, with a strong emphasis on privacy-centric, cookieless solutions. The company went ...Viant Technology Inc. is a prominent player in the digital advertising technology sector, headquartered in Irvine, California. Founded in 1999 by the Vanderhook brothers (Tim, Chris, and Russ), the company has evolved into a leader in AI-powered programmatic advertising, with a strong emphasis on privacy-centric, cookieless solutions. The company went public in February 2021 on the NASDAQ under the ticker DSP.
Viant's core offering is its Omnichannel Demand-Side Platform (DSP), which enables advertisers to plan, execute, and measure campaigns across various channels, including CTV, display, mobile, and digital out-of-home (DOOH). Key products include ViantAI, an AI suite that automates and optimizes campaign management; Household ID, a solution that unifies identifiers for consistent household-level targeting; and IRIS_ID, a content identifier for granular video data exchange, particularly in streaming. The platform also includes a Data Platform for merging first-party and third-party data, Direct Access for streamlined supply path optimization, and advanced analytics for attribution and return on ad spend (ROAS).
Viant serves a diverse clientele, including programmatic advertisers, advertising agencies (from large enterprises to independents), and individual marketers. The company's revenue is primarily generated through platform subscriptions and usage fees. With a team of approximately 408 employees, Viant maintains a culture of innovation and has been recognized as a Great Place to Work.
Financially, Viant has shown resilience, with a market cap around $868 million and a focus on free cash flow generation. The company's commitment to transparency and data-driven performance positions it well in the evolving digital advertising landscape, particularly with the deprecation of third-party cookies.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$344.2M
+19.0%
+17.8%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$8.4M
+253.6%
+75.6%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+45.8%
+0.3%
+6.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+3.5%
+191.8%
+17.3%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+2.4%
+197.1%
+79.3%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$51.7M
+4.9%
+2848.7%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+15.0%
-11.9%
+2434.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
26.5%
-45.2%
-28.8%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.40x
-3.9%
-18.5%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, everyone, and welcome to Viant Technologies' Second Quarter 2026 Earnings Conference Call. My name is David, and I will be your operator today. Before I hand the call over to the Viant leadership team, I'd like to go over a few housekeeping notes for the program. As a reminder, this call is being recorded. [Operator Instructions] Thank you for your attendance today. I would now like to turn the call over to Nick Zangler, SVP of Investor Relations for Viant.
Nicholas Zangler: Thank you. Good afternoon, and welcome to Viant Technologies' Second Quarter 2026 Earnings Conference Call. On the call today are Tim Vanderhook, Co-Founder and Chief Executive Officer; Chris Vanderhook, Co-Founder and Chief Operating Officer; and Larry Madden, Chief Financial Officer. I'd like to remind you that we will make forward-looking statements on our call today, including, but not limited to, statements regarding our guidance for Q3 2026 and other future financial results, our strategy, our growth opportunities, performance and benefits of our products, our platform development initiatives, including Viant AI, expected benefits of our acquisition of TVision, our pipeline and potential partnership opportunities, our share repurchase program, potential tailwinds and industry trends that are based on assumptions and subject to future events, risks and uncertainties that could cause actual results to differ materially from those projected. These forward-looking statements speak only as of today, and we undertake no obligation to update or revise these statements, except as required by law. For more information about factors that may cause actual results to differ materially from forward-looking statements and our entire safe harbor statement, please refer to the news release issued today as well as the risks and uncertainties described in our quarterly report on Form 10-Q for the quarter ended June 30, 2026, under the heading Risk Factors and in our other filings with the SEC. During today's call, we will also present both GAAP and non-GAAP financial measures. Additional disclosures regarding these non-GAAP measures, including a reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures are included in the news release issued today and in our earnings presentation, which have been posted on the Investor Relations page of the company's website and in our filings with the SEC. I would now like to turn the call over to Tim Vanderhook, Chief Executive Officer of Viant. Tim?
Tim Vanderhook: Thanks, Nick, and thanks to everyone for joining us today. We delivered strong second quarter performance achieving new company second quarter records across all key metrics. Revenue increased 34% year-over-year, well above the high end of our quarterly guidance range and contribution ex-TAC increased 24% year-over-year. Growth was broad-based across most verticals, driven by strong CTV demand, increased utilization of our …
