Viant Technology Inc. (DSP) intrinsic value & 10-year financials
Viant Technology Inc. (DSP) has a Graham intrinsic value of $11.96 per share. At $12.64 on Oct 17, 2026, the stock trades 6% above that value. Over the last 8 fiscal years revenue grew 13.1% a year to $344.2M, with an average return on invested capital of 19.3%.
- Graham intrinsic value
- $11.96
- Share price (Oct 17, 2026)
- $12.64
- Price vs Graham value
- 6% above
- Market cap
- $846.6M
- Revenue (FY2025)
- $344.2M
- Revenue growth (8-yr CAGR)
- 13.1%
- ROIC (10-yr avg)
- 19.3%
- Free cash flow (FY2025)
- $51.7M
DSP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $344.2M | $8.4M | $0.36 | $51.7M | 3.5% | -5.4% |
| FY2024 | $289.2M | $2.4M | $0.14 | $49.3M | 1.2% | -2.5% |
| FY2023 | $222.9M | -$3.4M | -$0.23 | $36.6M | -8.2% | 14.7% |
| FY2022 | $197.2M | -$11.9M | -$0.84 | -$4.3M | -25.0% | 34.8% |
| FY2021 | $224.1M | -$7.7M | -$0.00 | $28.2M | -19.1% | 67.8% |
| FY2020 | $165.3M | $20.6M | $0.00 | $18.4M | 13.2% | 63.1% |
| FY2019 | $164.9M | $9.9M | $0.00 | $12.6M | 7.8% | -37.6% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Viant Technology Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Viant Technology Inc. has earned high returns on invested capital, averaging 28.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Viant Technology Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Viant Technology Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $11.96 per share.