Viant Technology Inc.
DSP · Services-Computer Programming, Data Processing, Etc. · 15.2M shares · +98%/yr ↑ dilution · EDGAR filings ↗
Reference price $10.96 · est. market cap ~$167M — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B66Programmatic ad-tech (demand-side platform) — profitable and growing with positive free cash flow.
Strengths
- Profitable and growing — operating margin 4% (36th), ROE 10% (50th), revenue +19% (82nd)
- Positive free cash flow — FCF $52M, FCF margin 15%
Risks
- Thin margins — net margin 2%
- Ad-market cyclicality — per 10-K
- Competition (walled gardens) — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Chronic dilutionShare count +98%/yr over 4y (dilution, book value/share -91%)
- Revenue declineRevenue -19.6% YoY
- Notable holderHeld by 5 notable fund(s): RENAISSANCE TECHNOLOGIES LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
- Insider sellingInsider selling — 72 open-market sale(s) by 5 insider(s) (cluster of 5 insiders, ~$6M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
45.8%
Operating margin
3.5%
Net margin
2.4%
Return on equity
10.2%
Return on assets
1.8%
ROIC
11.6%
Revenue growth (QoQ)
-19.6%
Net-income growth
253.6%
Debt / equity
0.0×
Current ratio
2.4×
Free cash flow
$52M
EBITDA
$31M
Tangible book value
$60M
Stock comp / revenue
7.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Vanderhook Christopher | Sell | 2.5K | $10.96 |
| 2026-06-18 | Capital V LLC | Sell | 7.5K | $10.96 |
| 2026-06-18 | Vanderhook Timothy | Sell | 2.5K | $10.96 |
| 2026-06-17 | Capital V LLC | Sell | 15K | $11.09 |
| 2026-06-17 | Vanderhook Christopher | Sell | 5.0K | $11.09 |
| 2026-06-17 | Vanderhook Timothy | Sell | 5.0K | $11.09 |
| 2026-06-16 | Vanderhook Timothy | Option exercise | 12K | — |
| 2026-06-16 | Vanderhook Timothy | Disposition | 12K | — |
| 2026-06-16 | Vanderhook Timothy | Sell | 5.0K | $11.17 |
| 2026-06-16 | Capital V LLC | Sell | 15K | $11.17 |
| 2026-06-16 | Capital V LLC | Disposition | 38K | — |
| 2026-06-16 | Capital V LLC | Option exercise | 38K | — |
| 2026-06-16 | Vanderhook Christopher | Option exercise | 12K | — |
| 2026-06-16 | Vanderhook Christopher | Disposition | 12K | — |
| 2026-06-16 | Vanderhook Christopher | Sell | 5.0K | $11.17 |
| 2026-06-15 | MADDEN LARRY | Sell | 25K | $11.10 |
| 2026-06-15 | Vanderhook Christopher | Sell | 9.1K | $11.10 |
| 2026-06-15 | Vanderhook Timothy | Sell | 9.1K | $11.10 |
| 2026-06-09 | Vanderhook Christopher | Gift | 52K | — |
| 2026-06-09 | Vanderhook Christopher | Gift | 52K | — |
| 2026-06-09 | Vanderhook Christopher | Gift | 52K | — |
| 2026-06-09 | Vanderhook Christopher | Gift | 52K | — |
| 2026-06-09 | Vanderhook Christopher | Grant | 52K | — |
| 2026-06-09 | Vanderhook Christopher | Grant | 52K | — |
| 2026-06-09 | Vanderhook Christopher | Grant | 52K | — |
| 2026-06-09 | Vanderhook Christopher | Grant | 52K | — |
| 2026-06-09 | Vanderhook Timothy | Gift | 52K | — |
| 2026-06-09 | Vanderhook Timothy | Gift | 52K | — |
| 2026-06-09 | Vanderhook Timothy | Gift | 52K | — |
| 2026-06-09 | Vanderhook Timothy | Gift | 52K | — |
| 2026-06-09 | Vanderhook Timothy | Grant | 52K | — |
| 2026-06-09 | Vanderhook Timothy | Grant | 52K | — |
| 2026-06-09 | Vanderhook Timothy | Grant | 52K | — |
| 2026-06-09 | Vanderhook Timothy | Grant | 52K | — |
| 2026-06-09 | VALDES MAX O | Sell | 3.4K | $11.97 |
| 2026-06-08 | MADDEN LARRY | Sell | 15K | $12.10 |
| 2026-06-08 | VALDES MAX O | Sell | 3.3K | $12.10 |
| 2026-06-05 | MADDEN LARRY | Sell | 19K | $12.24 |
| 2026-06-04 | Wilson Brett | Grant | 16K | — |
| 2026-06-04 | Yang Vivian | Grant | 15K | — |
| 2026-06-04 | Wilson Brett | Grant | 15K | — |
| 2026-06-04 | Yang Vivian | Grant | 16K | — |
| 2026-06-04 | VALDES MAX O | Grant | 16K | — |
| 2026-05-21 | Vanderhook Timothy | Sell | 2.5K | $10.79 |
| 2026-05-21 | Vanderhook Christopher | Sell | 2.5K | $10.79 |
| 2026-05-21 | Capital V LLC | Sell | 7.5K | $10.79 |
| 2026-05-20 | Vanderhook Christopher | Sell | 5.0K | $10.60 |
| 2026-05-20 | Vanderhook Timothy | Sell | 5.0K | $10.60 |
| 2026-05-20 | Capital V LLC | Sell | 15K | $10.60 |
| 2026-05-19 | Capital V LLC | Option exercise | 38K | — |
| 2026-05-19 | Capital V LLC | Disposition | 38K | — |
| 2026-05-19 | Capital V LLC | Sell | 15K | $10.89 |
| 2026-05-19 | Vanderhook Christopher | Option exercise | 12K | — |
| 2026-05-19 | Vanderhook Christopher | Disposition | 12K | — |
| 2026-05-19 | Vanderhook Christopher | Sell | 5.0K | $10.89 |
| 2026-05-19 | Vanderhook Timothy | Option exercise | 12K | — |
| 2026-05-19 | Vanderhook Timothy | Disposition | 12K | — |
| 2026-05-19 | Vanderhook Timothy | Sell | 5.0K | $10.89 |
| 2026-05-11 | MADDEN LARRY | Sell | 14K | $11.29 |
| 2026-05-11 | MADDEN LARRY | Sell | 3.5K | $11.95 |
| 2026-05-08 | MADDEN LARRY | Sell | 19K | $11.85 |
| 2026-04-23 | MADDEN LARRY | Sell | 13K | $10.16 |
| 2026-04-22 | MADDEN LARRY | Sell | 13K | $10.74 |
| 2026-04-22 | Capital V LLC | Sell | 8.4K | $10.74 |
| 2026-04-22 | Vanderhook Christopher | Sell | 2.8K | $10.74 |
| 2026-04-22 | Vanderhook Timothy | Sell | 2.8K | $10.74 |
| 2026-04-21 | Vanderhook Timothy | Sell | 4.7K | $10.91 |
| 2026-04-21 | MADDEN LARRY | Sell | 13K | $10.91 |
| 2026-04-21 | Capital V LLC | Sell | 14K | $10.91 |
| 2026-04-21 | Vanderhook Christopher | Sell | 4.7K | $10.91 |
| 2026-04-20 | Vanderhook Timothy | Option exercise | 12K | — |
| 2026-04-20 | Vanderhook Timothy | Disposition | 12K | — |
| 2026-04-20 | Vanderhook Timothy | Sell | 5.0K | $11.12 |
| 2026-04-20 | Capital V LLC | Disposition | 38K | — |
| 2026-04-20 | Vanderhook Christopher | Option exercise | 12K | — |
| 2026-04-20 | Vanderhook Christopher | Disposition | 12K | — |
| 2026-04-20 | Vanderhook Christopher | Sell | 5.0K | $11.12 |
| 2026-04-20 | Capital V LLC | Option exercise | 38K | — |
| 2026-04-20 | Capital V LLC | Sell | 15K | $11.12 |
| 2026-04-06 | MADDEN LARRY | Sell | 7.3K | $11.31 |
| 2026-04-02 | MADDEN LARRY | Sell | 10K | $10.94 |
| 2026-04-01 | MADDEN LARRY | Sell | 7.4K | $11.27 |
| 2026-03-19 | Vanderhook Christopher | Sell | 2.9K | $11.42 |
| 2026-03-19 | Capital V LLC | Sell | 8.8K | $11.42 |
| 2026-03-19 | Vanderhook Timothy | Sell | 2.9K | $11.42 |
| 2026-03-18 | Capital V LLC | Sell | 15K | $12.00 |
| 2026-03-18 | Vanderhook Christopher | Sell | 5.0K | $12.00 |
| 2026-03-18 | Vanderhook Timothy | Sell | 5.0K | $12.00 |
| 2026-03-17 | Vanderhook Timothy | Disposition | 12K | — |
| 2026-03-17 | Vanderhook Christopher | Sell | 5.0K | $11.80 |
| 2026-03-17 | Capital V LLC | Option exercise | 38K | — |
| 2026-03-17 | Vanderhook Timothy | Option exercise | 12K | — |
| 2026-03-17 | Vanderhook Timothy | Sell | 5.0K | $11.80 |
| 2026-03-17 | Capital V LLC | Disposition | 38K | — |
| 2026-03-17 | Capital V LLC | Sell | 15K | $11.80 |
| 2026-03-17 | Vanderhook Christopher | Option exercise | 12K | — |
| 2026-03-17 | Vanderhook Christopher | Disposition | 12K | — |
| 2026-03-15 | MADDEN LARRY | Grant | 249K | — |
| 2026-03-13 | MADDEN LARRY | Sell | 1.7K | $13.03 |
| 2026-03-10 | Vanderhook Christopher | Disposition | 44K | $10.50 |
| 2026-03-10 | Vanderhook Timothy | Disposition | 44K | $10.50 |
| 2026-03-10 | MADDEN LARRY | Tax withheld | 35K | $10.50 |
| 2026-02-19 | Vanderhook Timothy | Sell | 3.3K | $9.17 |
| 2026-02-19 | Vanderhook Christopher | Sell | 3.3K | $9.17 |
| 2026-02-19 | Capital V LLC | Sell | 9.8K | $9.17 |
| 2026-02-18 | Vanderhook Christopher | Sell | 4.7K | $9.19 |
| 2026-02-18 | Capital V LLC | Sell | 14K | $9.19 |
| 2026-02-18 | Vanderhook Timothy | Sell | 4.7K | $9.19 |
| 2026-02-17 | Vanderhook Christopher | Sell | 4.1K | $9.26 |
| 2026-02-17 | Capital V LLC | Option exercise | 38K | — |
| 2026-02-17 | Capital V LLC | Disposition | 38K | — |
| 2026-02-17 | Capital V LLC | Sell | 12K | $9.26 |
| 2026-02-17 | Vanderhook Christopher | Option exercise | 12K | — |
| 2026-02-17 | Vanderhook Christopher | Disposition | 12K | — |
| 2026-02-17 | Vanderhook Timothy | Option exercise | 12K | — |
| 2026-02-17 | Vanderhook Timothy | Disposition | 12K | — |
| 2026-02-17 | Vanderhook Timothy | Sell | 4.1K | $9.26 |
| 2026-01-22 | MADDEN LARRY | Sell | 4.2K | $13.09 |
| 2026-01-22 | Capital V LLC | Sell | 7.7K | $12.87 |
| 2026-01-22 | Vanderhook Christopher | Sell | 2.6K | $12.87 |
| 2026-01-22 | Vanderhook Timothy | Sell | 2.6K | $12.87 |
| 2026-01-21 | Capital V LLC | Sell | 15K | $12.24 |
| 2026-01-21 | Vanderhook Christopher | Sell | 4.9K | $12.24 |
| 2026-01-21 | Vanderhook Timothy | Sell | 4.9K | $12.24 |
| 2026-01-20 | Vanderhook Christopher | Disposition | 12K | — |
| 2026-01-20 | Vanderhook Christopher | Sell | 5.0K | $11.94 |
| 2026-01-20 | Capital V LLC | Disposition | 38K | — |
| 2026-01-20 | Capital V LLC | Sell | 15K | $11.94 |
| 2026-01-20 | Vanderhook Timothy | Option exercise | 12K | — |
| 2026-01-20 | Vanderhook Timothy | Disposition | 12K | — |
| 2026-01-20 | Capital V LLC | Option exercise | 38K | — |
| 2026-01-20 | Vanderhook Timothy | Sell | 5.0K | $11.94 |
| 2026-01-20 | Vanderhook Christopher | Option exercise | 12K | — |
| 2025-12-19 | Capital V LLC | Sell | 7.5K | $11.79 |
| 2025-12-19 | Vanderhook Christopher | Sell | 2.5K | $11.79 |
| 2025-12-19 | Vanderhook Timothy | Sell | 2.5K | $11.79 |
| 2025-12-18 | Vanderhook Timothy | Gift | 85K | — |
| 2025-12-18 | Vanderhook Timothy | Sell | 5.0K | $11.93 |
| 2025-12-18 | Vanderhook Christopher | Sell | 5.0K | $11.93 |
| 2025-12-18 | Capital V LLC | Sell | 15K | $11.93 |
| 2025-12-17 | Vanderhook Christopher | Sell | 9.1K | $11.70 |
| 2025-12-17 | Vanderhook Christopher | Sell | 5.0K | $11.74 |
| 2025-12-17 | MADDEN LARRY | Sell | 13K | $11.70 |
| 2025-12-17 | Vanderhook Timothy | Sell | 9.1K | $11.70 |
| 2025-12-17 | Vanderhook Timothy | Sell | 5.0K | $11.74 |
| 2025-12-17 | Capital V LLC | Sell | 15K | $11.74 |
| 2025-12-16 | Capital V LLC | Disposition | 38K | — |
| 2025-12-16 | Vanderhook Christopher | Option exercise | 12K | — |
| 2025-12-16 | Capital V LLC | Option exercise | 38K | — |
| 2025-12-16 | Vanderhook Christopher | Disposition | 12K | — |
| 2025-12-16 | Vanderhook Timothy | Option exercise | 12K | — |
| 2025-12-16 | Vanderhook Timothy | Disposition | 12K | — |
| 2025-09-17 | Vanderhook Timothy | Disposition | 314K | $9.56 |
| 2025-09-17 | Vanderhook Christopher | Disposition | 314K | $9.56 |
| 2025-09-17 | Capital V LLC | Disposition | 942K | $9.56 |
| 2025-09-16 | Vanderhook Timothy | Option exercise | 314K | — |
| 2025-09-16 | Capital V LLC | Option exercise | 942K | — |
| 2025-09-16 | Capital V LLC | Disposition | 942K | — |
| 2025-09-16 | Vanderhook Christopher | Option exercise | 314K | — |
| 2025-09-16 | Vanderhook Christopher | Disposition | 314K | — |
| 2025-09-16 | Vanderhook Timothy | Disposition | 314K | — |
| 2025-09-15 | Vanderhook Timothy | Sell | 8.8K | $9.73 |
| 2025-09-15 | Vanderhook Christopher | Sell | 8.8K | $9.73 |
| 2025-09-15 | MADDEN LARRY | Sell | 13K | $9.73 |
| 2025-06-13 | Vanderhook Timothy | Sell | 9.0K | $13.08 |
| 2025-06-13 | MADDEN LARRY | Sell | 13K | $13.08 |
| 2025-06-13 | Vanderhook Christopher | Sell | 9.0K | $13.08 |
| 2025-06-06 | VALDES MAX O | Sell | 4.8K | $14.29 |
| 2025-06-05 | VALDES MAX O | Grant | 12K | — |
| 2025-06-05 | Yang Vivian | Grant | 12K | — |
| 2025-06-05 | VALDES MAX O | Sell | 5.1K | $13.87 |
| 2025-06-05 | Wilson Brett | Grant | 12K | — |
| 2025-05-20 | VALDES MAX O | Gift | 44K | — |
| 2025-05-12 | Wilson Brett | Grant | 23K | — |
| 2025-05-12 | Wilson Brett | Grant | 749 | — |
| 2025-03-18 | MADDEN LARRY | Grant | 51K | — |
| 2025-03-15 | MADDEN LARRY | Grant | 112K | — |
| 2025-03-10 | MADDEN LARRY | Tax withheld | 58K | $13.32 |
| 2025-03-10 | Vanderhook Timothy | Disposition | 92K | $13.32 |
| 2025-03-10 | Vanderhook Christopher | Disposition | 92K | $13.32 |
| 2025-02-05 | MADDEN LARRY | Sell | 14K | $23.12 |
| 2025-01-02 | MADDEN LARRY | Sell | 14K | $18.76 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-06-04 | 0001828791-26-000045 ↗ |
| 8-K | 2026-05-11 | 2026-05-11 | 0001828791-26-000034 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001828791-26-000036 ↗ |
| 8-K | 2026-04-15 | 2026-04-14 | 0001828791-26-000029 ↗ |
| 8-K | 2026-03-11 | 2026-03-11 | 0001828791-26-000018 ↗ |
| 10-K | 2026-03-11 | 2025-12-31 | 0001828791-26-000019 ↗ |
| 10-K/A | 2025-12-11 | 2024-12-31 | 0001828791-25-000084 ↗ |
| 10-Q | 2025-11-10 | 2025-09-30 | 0001828791-25-000078 ↗ |
| 8-K | 2025-11-10 | 2025-11-10 | 0001828791-25-000077 ↗ |
| 8-K | 2025-08-11 | 2025-08-11 | 0001828791-25-000054 ↗ |
| 10-Q | 2025-08-11 | 2025-06-30 | 0001828791-25-000056 ↗ |
| 8-K | 2025-06-09 | 2025-06-05 | 0001828791-25-000034 ↗ |