Viant Technology Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Viant Technology Inc. has submitted its 2023 annual report (10-K) detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

Viant Technology Inc. (DSP) filed a Annual Report (10-K) with the SEC on March 4, 2024. Viant Technology Inc. filed its 2023 Form 10-K on March 4, 2024. The filing covers the fiscal year ending December 31, 2023. The company's principal business address is 2722 Michelson Drive, Suite 100, Irvine, CA 92612. Viant Technology Inc. is incorporated in Delaware. The SIC code for the company is 7370, related to computer programming and data processing services.

Why It Matters

For investors and stakeholders tracking Viant Technology Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Viant's financial health, operational strategies, and risk factors for investors and stakeholders. The detailed financial data and disclosures within the report are crucial for understanding the company's market position and future prospects in the digital advertising technology sector.

Risk Assessment

Risk Level: medium — Viant Technology Inc. shows moderate risk based on this filing. The company operates in the highly competitive and rapidly evolving digital advertising technology industry, which presents significant market and operational risks.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to assess Viant's competitive positioning and long-term growth potential.

Key Players & Entities

• Viant Technology Inc. (company) — Filer of the 10-K report
• 2722 Michelson Drive, Suite 100, Irvine, CA 92612 (company) — Business address
• DE (company) — State of incorporation
• 7370 (company) — Standard Industrial Classification code

FAQ

Industry Context

Viant Technology Inc. operates within the digital advertising technology industry, providing a platform for advertisers and publishers.

Regulatory Implications

The company is subject to SEC regulations governing public company filings, including the requirement to submit annual reports like the 10-K.

What Investors Should Do

1. Analyze Viant's revenue streams and growth drivers for FY2023.
2. Evaluate the company's competitive landscape and market share.
3. Assess the identified risks and management's mitigation strategies.

Key Dates

• 2024-03-04: 10-K Filing — Submission of the annual report for the fiscal year ended December 31, 2023.

Year-Over-Year Comparison

This is the initial 10-K filing for Viant Technology Inc. as a public company, providing a baseline for future comparisons.

Key Financial Figures

• $0.001 — stered Class A common stock, par value $0.001 per share DSP The Nasdaq Stock Market L
• $121.8 billion — rtising market is expected to grow from $121.8 billion in 2022 to $178.3 billion in 2025, a 14
• $178.3 billion — to grow from $121.8 billion in 2022 to $178.3 billion in 2025, a 14% compound annual growth r
• $222.9 m — ket opportunity. Our total revenue was $222.9 million, $197.2 million and $224.1 millio
• $197.2 million — Our total revenue was $222.9 million, $197.2 million and $224.1 million for the fiscal years
• $224.1 million — was $222.9 million, $197.2 million and $224.1 million for the fiscal years ended December 31,
• $9.9 m — fiscal 2022. We recorded net losses of $9.9 million, $48.1 million and $37.6 million,
• $48.1 million — We recorded net losses of $9.9 million, $48.1 million and $37.6 million, and adjusted EBITDA
• $37.6 m — sses of $9.9 million, $48.1 million and $37.6 million, and adjusted EBITDA of $29.1 mil
• $29.1 m — d $37.6 million, and adjusted EBITDA of $29.1 million, $(6.1) million, and $37.1 millio
• $37.1 million — A of $29.1 million, $(6.1) million, and $37.1 million for the years ended December 31, 2023,
• $157.3 billion — a 14% CAGR from 2022 to 2025, reaching $157.3 billion in 2024 and $178.3 billion by 2025. U.S
• $20.5 billion — ed TV ad spend is expected to grow from $20.5 billion in 2022 to $42.4 billion in 2027, a 16%
• $42.4 billion — d to grow from $20.5 billion in 2022 to $42.4 billion in 2027, a 16% CAGR. Strong marketer d
• $992 billion — h eMarketer has forecasted to grow from $992 billion in 2024 to $1.15 trillion in 2026, an 8

Filing Documents

• dsp-20231231.htm (10-K) — 2491KB
• dsp-20231231xex1017.htm (EX-10.17) — 51KB
• dsp-20231231xex1018.htm (EX-10.18) — 46KB
• dsp-20231231xex1020.htm (EX-10.20) — 46KB
• dsp-20231231xex1022.htm (EX-10.22) — 19KB
• dsp-20231231xex231.htm (EX-23.1) — 2KB
• dsp-20231231xex311.htm (EX-31.1) — 8KB
• dsp-20231231xex312.htm (EX-31.2) — 8KB
• dsp-20231231xex321.htm (EX-32.1) — 5KB
• dsp-20231231xex322.htm (EX-32.2) — 5KB
• dsp-20231231xex971.htm (EX-97.1) — 34KB
• dsp-20231231_g1.jpg (GRAPHIC) — 7KB
• dsp-20231231_g2.jpg (GRAPHIC) — 208KB
• 0001828791-24-000011.txt (&nbsp;) — 9972KB
• dsp-20231231.xsd (EX-101.SCH) — 63KB
• dsp-20231231_cal.xml (EX-101.CAL) — 88KB
• dsp-20231231_def.xml (EX-101.DEF) — 361KB
• dsp-20231231_lab.xml (EX-101.LAB) — 783KB
• dsp-20231231_pre.xml (EX-101.PRE) — 537KB
• dsp-20231231_htm.xml (XML) — 1069KB

Business

Business 5 Item 1A.

Risk Factors

Risk Factors 16 Item 1B. Unresolved Staff Comments 41 I tem 1C . C yber security 41 Item 2.

Properties

Properties 42 Item 3.

Legal Proceedings

Legal Proceedings 42 Item 4. Mine Safety Disclosures 42 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 43 Item 6. Reserved. 44 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 45 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 73 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 74 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 103 Item 9A.

Controls and Procedures

Controls and Procedures 103 Item 9B. Other Information 104 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 104 PART III Item 10. Directors, Executive Officers and Corporate Governance 105 Item 11.

Executive Compensation

Executive Compensation 105 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 105 Item 13. Certain Relationships and Related Transactions, and Director Independence 105 Item 14. Principal Accountant Fees and Services 105 PART IV Item 15. Exhibits and Financial Statement Schedules 106 Item 16. Form 10-K Summary 108

Signatures

Signatures 109 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K ("Annual Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") , which statements involve substantial risks and uncertainties . In some cases, you can identify forward-looking statements by words such as "may," "will," "should," "could," "intend," "consider," "expect," "plan," "anticipate," "believe," "estimate," "predict" or "continue" or the negative or plural of these words or other similar terms or expressions . All statements other than statements of historical fact are forward-looking statements, which speak only as of the date they are made, and are not guarantees of future performance. Forward-looking statements contained in this Annual Report include, but are not limited to, statements about: our future financial performance, including our revenue, cost of revenue, gross profit, contribution excluding traffic acquisition costs ("contribution ex-TAC"), adjusted EBITDA, and operating expenses; trends in our key business measures; the sufficiency of our cash and cash equivalents and cash provided by sales of our products and services to meet our liquidity needs; market trends; our market position and opportunity; our growth strategy and business aspirations for our demand side platform in enabling the programmatic purchase of advertising in the digital advertising industry; our product strategy; our efforts to enhance the security and privacy of our platform; our plans regarding our enterprise risk management program and our cybersecurity risk management program; the impact of information and data privacy trends and regulations on our business and competitors; the potential impacts of macroeconomic and geopolitical events on our business and the business of our customers, supplier

Business

Item 1. Business. Our Company We are an advertising technology company. Our cloud-based demand side platform ("DSP") enables the programmatic purchase of advertising, which is the electronification of the digital advertising buying process. Programmatic advertising is rapidly taking market share from traditional ad sales channels, which require more staffing, offer less transparency, and involve higher costs to buyers. Our DSP is used by marketers and their advertising agencies to centralize the planning, buying and measurement of their digital advertising across most channels. Through our omnichannel platform, a marketer can easily buy ads on desktop, mobile, connected TV ("CTV"), linear TV, in-game, streaming audio and digital billboards. Our DSP is an easy-to-use self-service platform that provides our customers with transparency and control over their advertising campaigns. Our platform offers customers unique visibility across a variety of inventory, allowing them to create customized audience segments and leverage our people-based and strategic partner data to reach target audiences at scale. Our platform delivers a full suite of forecasting, reporting and built-in automation that provides our customers with insights into available inventory based on the desired target audience. We offer advanced forecasting and reporting that empowers our customers with functionality designed to ensure they can accurately measure and improve their return-on-advertising spend ("ROAS") across channels. Marketers use our platform to deliver advertising campaigns to their desired target audience across channels and formats. Through platform integrations, we offer our customers access to omnichannel advertising inventory, which refers to media available across devices, channels and formats. This includes access to approximately 300 million unique desktop and mobile users, approximately 115 million CTV households, approximately 112 million linear TV households, over 200 millio