Viant Technology Inc. Files Q2 2024 10-Q Report

TL;DR

Viant Tech filed its Q2 10-Q. Financials are in. Check it out.

AI Summary

Viant Technology Inc. filed its 10-Q report for the period ending June 30, 2024. The filing covers the second quarter of 2024 and provides financial details for the company. Key financial data and operational updates are detailed within the report.

Why It Matters

This filing provides investors with the latest financial performance and operational status of Viant Technology Inc., crucial for understanding the company's trajectory and making informed investment decisions.

Risk Assessment

Risk Level: medium — As a public company filing quarterly reports, Viant Technology Inc. faces inherent risks related to market performance, competition, and regulatory changes, which are detailed in its SEC filings.

Key Players & Entities

• Viant Technology Inc. (company) — Filer of the 10-Q report
• 20240630 (date) — End of the reporting period
• 20240812 (date) — Date of filing

FAQ

Key Financial Figures

• $0.001 — stered Class A common stock, par value $0.001 per share DSP The Nasdaq Stock Market L
• $1.235 billion — g growth company" is one with less than $1.235 billion in annual gross revenues, has issued le
• $1 billion — al gross revenues, has issued less than $1 billion of non-convertible debt over a three-ye

Filing Documents

• dsp-20240630.htm (10-Q) — 1913KB
• dsp-20240630xexx311.htm (EX-31.1) — 8KB
• dsp-20240630xexx312.htm (EX-31.2) — 8KB
• dsp-20240630xexx321.htm (EX-32.1) — 5KB
• dsp-20240630xexx322.htm (EX-32.2) — 5KB
• dsp-20240630_g1.jpg (GRAPHIC) — 7KB
• 0001828791-24-000041.txt ( ) — 7171KB
• dsp-20240630.xsd (EX-101.SCH) — 47KB
• dsp-20240630_cal.xml (EX-101.CAL) — 63KB
• dsp-20240630_def.xml (EX-101.DEF) — 264KB
• dsp-20240630_lab.xml (EX-101.LAB) — 627KB
• dsp-20240630_pre.xml (EX-101.PRE) — 438KB
• dsp-20240630_htm.xml (XML) — 742KB

Financial Statements

Financial Statements 4 A. Condensed Consolidated Statements of Operations 4 B. Condensed Consolidated Balance Sheets 5 C. Condensed Consolidated Statements of Equity 6 D. Condensed Consolidated Statements of Cash Flows 8 E. Notes to the Condensed Consolidated Financial Statements 9 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 42 Item 4.

Controls and Procedures

Controls and Procedures 43 PART II. OTHER INFORMATION 44 Item 1.

Legal Proceedings

Legal Proceedings 44 Item 1A.

Risk Factors

Risk Factors 44 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 70 Item 3. Defaults Upon Senior Securities 71 Item 4. Mine Safety Disclosures 71 Item 5. Other Information 71 Item 6. Exhibits 72

Signatures

Signatures 73 2 Special Note Regarding Forward-Looking Statements This Quarterly Report on Form 10-Q ( " Quarterly 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 Quarterly 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; 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, suppliers and channel partners, and the economy; our ability to attract new customers and retain existi

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements VIANT TECHNOLOGY INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited; in thousands, except per share data) Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenue $ 65,866 $ 57,223 $ 119,259 $ 98,943 Operating expenses: Platform operations 35,122 33,523 65,002 56,860 Sales and marketing 13,088 11,691 25,987 23,860 Technology and development 5,815 6,172 11,047 12,066 General and administrative 12,612 11,088 23,686 22,516 Total operating expenses 66,637 62,474 125,722 115,302 Loss from operations ( 771 ) ( 5,251 ) ( 6,463 ) ( 16,359 ) Other expense (income), net: Interest income, net ( 2,359 ) ( 2,049 ) ( 4,740 ) ( 3,868 ) Other expense, net 1 1 3 88 Total other expense (income), net ( 2,358 ) ( 2,048 ) ( 4,737 ) ( 3,780 ) Income (loss) before income taxes 1,587 ( 3,203 ) ( 1,726 ) ( 12,579 ) Provision for income taxes 99 — — — Net income (loss) 1,488 ( 3,203 ) ( 1,726 ) ( 12,579 ) Less: Net income (loss) attributable to noncontrolling interests 1,433 ( 2,140 ) ( 834 ) ( 9,036 ) Net income (loss) attributable to Viant Technology Inc. $ 55 $ ( 1,063 ) $ ( 892 ) $ ( 3,543 ) Earnings (loss) per share of Class A common stock: Basic $ 0.00 $ ( 0.07 ) $ ( 0.05 ) $ ( 0.24 ) Diluted $ 0.00 $ ( 0.07 ) $ ( 0.05 ) $ ( 0.24 ) Weighted-average shares of Class A common stock outstanding: Basic 16,480 15,135 16,214 14,943 Diluted 19,235 15,135 16,214 14,943 The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. 4 VIANT TECHNOLOGY INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited; in thousands, except share and per share data) As of June 30, As of December 31, 2024 2023 Assets Current assets: Cash and cash equivalents $ 209,744 $ 216,458 Accounts receivable, net of allowances 122,922 117,473 Prepaid expenses and other current assets 8,683 6,486 Total current assets 341,349 340,417 Property, equipment, and software,