Key Highlights

  • Revenue was USD 110.4 million, up 29%.
  • Gross profit was USD 51.6 million, up 30%.
  • Adjusted EBITDA was USD 19.8 million, up 24%.
  • Net income was USD 2.6 million, compared with USD 5.2 million.

Viant Technology Inc. (NASDAQ:DSP) reported third quarter 2026 Revenue of USD 110.4 million, compared with USD 85.6 million in the third quarter of 2025, an increase of USD 24.8 million, or 29%. Reported EPS was USD 0.00 and revenue was USD 110.43 million, compared with estimates of EPS of USD 0.05 and revenue of USD 66.16 million.

Gross profit was USD 51.6 million, compared with USD 39.8 million, an increase of 30%. Contribution ex-TAC was USD 67.2 million, compared with USD 53.0 million, an increase of 27%. Adjusted EBITDA was USD 19.8 million, compared with USD 16.0 million, an increase of 24%.

Earnings Measures

Net income was USD 2.6 million, compared with USD 5.2 million, a decrease of 49%. Net Income attributable to Viant Technology Inc. was USD 67 thousand, compared with USD 996 thousand. Non-GAAP net income was USD 13.4 million, compared with USD 11.2 million, an increase of 20%. Income from operations was USD 1.9 million, compared with USD 4.2 million, and income before income taxes was USD 3.3 million, compared with USD 5.7 million.

The company attributed the revenue increase primarily to an 81% increase in revenue from marketers in the healthcare and public services industry verticals, while revenue attributable to marketers across its remaining industry verticals increased 7%.

Expense Detail

Platform operations expense increased USD 13.1 million, or 29%. This increase was primarily due to a USD 10.6 million increase in TAC, a variable function of revenue related to its fixed CPM pricing option and certain arrangements related to its percentage of spend pricing option. Other platform operations expense also increased, driven by a USD 1.2 million increase in Depreciation and amortization from continued Investment in developed technology, a USD 0.7 million increase in personnel costs, a USD 0.4 million increase in technology costs in support of its DSP and a USD 0.2 million increase in cloud and Data Center services.

Sales and Marketing expense increased USD 4.9 million, or 29%.

Nine Month Results

For the nine months ended September 30, 2026, revenue was USD 303.2 million, compared with USD 234.1 million, an increase of 30%. Gross Profit was USD 133.5 million, compared with USD 106.3 million, an increase of 26%. Contribution ex-TAC was USD 177.7 million, compared with USD 144.1 million, an increase of 23%. Adjusted EBITDA was USD 43.8 million, compared with USD 32.7 million, an increase of 34%. Non-GAAP net income was USD 28.9 million, compared with USD 22.0 million.

The company reported a net loss of USD 1.4 million for the nine months, compared with net income of USD 3.6 million. The loss from operations was USD 5.9 million, compared with USD 0.6 million.

Platform Measures and Reconciliations

Viant is a Demand side platform serving advertisers, and its filing reports revenue of USD 110.4 million, gross profit of USD 51.6 million and adjusted EBITDA of USD 19.8 million in thousands of dollars. The filing also covers vertical level revenue growth, the TAC increase, contribution excluding TAC and the reconciliation of non GAAP net income and adjusted EBITDA for three and nine month periods.