2021 Q1 Form 10-Q Financial Statement
#000156459021027966 Filed on May 14, 2021
Income Statement
| Concept | 2021 Q1 | 2020 Q1 |
|---|---|---|
| Revenue | $40.14M | $38.16M |
| YoY Change | 5.2% | 18.14% |
| Cost Of Revenue | $24.34M | $23.60M |
| YoY Change | 3.14% | 20.18% |
| Gross Profit | $15.80M | $14.56M |
| YoY Change | 8.54% | 15.08% |
| Gross Profit Margin | 39.36% | 38.15% |
| Selling, General & Admin | $24.61M | $11.79M |
| YoY Change | 108.76% | 5.51% |
| % of Gross Profit | 155.73% | 80.96% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $2.427M | $2.614M |
| YoY Change | -7.15% | 308.44% |
| % of Gross Profit | 15.36% | 17.96% |
| Operating Expenses | $24.61M | $11.79M |
| YoY Change | 108.76% | -12.24% |
| Operating Profit | -$14.71M | $621.0K |
| YoY Change | -2467.95% | -179.62% |
| Interest Expense | $200.0K | $300.0K |
| YoY Change | -33.33% | -126.79% |
| % of Operating Profit | 48.31% | |
| Other Income/Expense, Net | -$165.0K | -$292.0K |
| YoY Change | -43.49% | -324.62% |
| Pretax Income | -$14.87M | $330.0K |
| YoY Change | -4606.06% | -118.64% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$3.104M | $329.0K |
| YoY Change | -1043.47% | -118.59% |
| Net Earnings / Revenue | -7.73% | 0.86% |
| Basic Earnings Per Share | -$0.27 | $0.33 |
| Diluted Earnings Per Share | -$0.27 | $0.33 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 11.50K | 400.0 |
| Diluted Shares Outstanding | 11.50K | 1.000K |
Balance Sheet
| Concept | 2021 Q1 | 2020 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $246.6M | |
| YoY Change | ||
| Cash & Equivalents | $246.6M | $6.385M |
| Short-Term Investments | ||
| Other Short-Term Assets | $5.044M | |
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | $58.25M | |
| Other Receivables | $0.00 | |
| Total Short-Term Assets | $309.9M | |
| YoY Change | ||
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $16.42M | |
| YoY Change | ||
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | ||
| YoY Change | ||
| Other Assets | $371.0K | |
| YoY Change | ||
| Total Long-Term Assets | $31.92M | |
| YoY Change | ||
| TOTAL ASSETS | ||
| Total Short-Term Assets | $309.9M | |
| Total Long-Term Assets | $31.92M | |
| Total Assets | $341.8M | |
| YoY Change | ||
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $27.22M | |
| YoY Change | ||
| Accrued Expenses | $20.88M | |
| YoY Change | ||
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | |
| YoY Change | ||
| Long-Term Debt Due | $5.365M | |
| YoY Change | ||
| Total Short-Term Liabilities | $56.59M | |
| YoY Change | ||
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $18.17M | |
| YoY Change | ||
| Other Long-Term Liabilities | $6.284M | |
| YoY Change | ||
| Total Long-Term Liabilities | $24.45M | |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $56.59M | |
| Total Long-Term Liabilities | $24.45M | |
| Total Liabilities | $277.2M | |
| YoY Change | ||
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | ||
| YoY Change | ||
| Common Stock | ||
| YoY Change | ||
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $64.61M | |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $341.8M | |
| YoY Change |
Cashflow Statement
| Concept | 2021 Q1 | 2020 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$3.104M | $329.0K |
| YoY Change | -1043.47% | -118.59% |
| Depreciation, Depletion And Amortization | $2.427M | $2.614M |
| YoY Change | -7.15% | 308.44% |
| Cash From Operating Activities | $14.76M | $3.507M |
| YoY Change | 320.96% | |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $167.0K | $30.00K |
| YoY Change | 456.67% | |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | ||
| YoY Change | ||
| Cash From Investing Activities | -$2.060M | -$1.937M |
| YoY Change | 6.35% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | $232.5M | |
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 224.3M | |
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | 14.76M | 3.507M |
| Cash From Investing Activities | -2.060M | -1.937M |
| Cash From Financing Activities | 224.3M | |
| Net Change In Cash | 237.0M | 1.570M |
| YoY Change | 14992.74% | |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $14.76M | $3.507M |
| Capital Expenditures | $167.0K | $30.00K |
| Free Cash Flow | $14.60M | $3.477M |
| YoY Change | 319.79% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2020Q4 | dsp |
Common Units No Par Value
CommonUnitsNoParValue
|
0 | |
| CY2021Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2020Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
||
| CY2021Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2020Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
||
| CY2021Q1 | us-gaap |
Cash
Cash
|
246585000 | |
| CY2020Q4 | us-gaap |
Cash
Cash
|
9629000 | |
| CY2021Q1 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
58253000 | |
| CY2020Q4 | us-gaap |
Accounts Receivable Net Current
AccountsReceivableNetCurrent
|
89767000 | |
| CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
64611000 | |
| CY2021Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | |
| CY2021Q1 | us-gaap |
Minority Interest
MinorityInterest
|
196152000 | |
| CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
260763000 | |
| CY2020Q4 | us-gaap |
Common Unit Issued
CommonUnitIssued
|
400000 | |
| CY2021Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | |
| CY2021Q1 | us-gaap |
Common Unit Outstanding
CommonUnitOutstanding
|
0 | |
| CY2021Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
| CY2021Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
341802000 | |
| CY2020Q4 | us-gaap |
Common Unit Authorized
CommonUnitAuthorized
|
400000 | |
| CY2021Q1 | us-gaap |
Common Unit Issued
CommonUnitIssued
|
0 | |
| CY2020Q4 | us-gaap |
Common Unit Outstanding
CommonUnitOutstanding
|
400000 | |
| CY2021Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
| CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
40144000 | |
| CY2020Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
38160000 | |
| CY2020Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
3353000 | |
| CY2020Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
2725000 | |
| CY2021Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
24344000 | |
| CY2020Q1 | us-gaap |
Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
|
23603000 | |
| CY2021Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
14185000 | |
| CY2020Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
7130000 | |
| CY2021Q1 | dsp |
Technology And Development Expenses
TechnologyAndDevelopmentExpenses
|
5900000 | |
| CY2020Q1 | dsp |
Technology And Development Expenses
TechnologyAndDevelopmentExpenses
|
2150000 | |
| CY2021Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10420000 | |
| CY2020Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4656000 | |
| CY2021Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
54849000 | |
| CY2020Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
37539000 | |
| CY2021Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-14705000 | |
| CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
621000 | |
| CY2021Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
235000 | |
| CY2020Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
281000 | |
| CY2021Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
70000 | |
| CY2020Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-11000 | |
| CY2021Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-165000 | |
| CY2020Q1 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-292000 | |
| CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-14870000 | |
| CY2020Q1 | us-gaap |
Profit Loss
ProfitLoss
|
329000 | |
| CY2021Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-11766000 | |
| CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-3104000 | |
| CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
329000 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.27 | |
| CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.33 | |
| CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.27 | |
| CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.33 | |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11500 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
400 | |
| CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11500 | |
| CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
1000 | |
| CY2021Q1 | dsp |
Net Income Loss Prior To Reorganization Transactions
NetIncomeLossPriorToReorganizationTransactions
|
669000 | |
| CY2021Q1 | dsp |
Stock Issued During Period Value Effect Of Reorganization Transactions
StockIssuedDuringPeriodValueEffectOfReorganizationTransactions
|
7500000 | |
| CY2021Q1 | dsp |
Value Of Class A Common Stock Issued And Class A Common Stock Converted From Class B Common Stock During Period Including Those Related To Reorganization Transactions And Initial Public Offering Net Of Underwriting And Offering Costs
ValueOfClassACommonStockIssuedAndClassACommonStockConvertedFromClassBCommonStockDuringPeriodIncludingThoseRelatedToReorganizationTransactionsAndInitialPublicOfferingNetOfUnderwritingAndOfferingCosts
|
228185000 | |
| CY2021Q1 | dsp |
Adjustments To Additional Paid In Capital Accrued Member Tax Distributions
AdjustmentsToAdditionalPaidInCapitalAccruedMemberTaxDistributions
|
75000 | |
| CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
19756000 | |
| CY2021Q1 | dsp |
Net Income Loss Subsequent To Reorganization Transactions
NetIncomeLossSubsequentToReorganizationTransactions
|
-15539000 | |
| CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
15205000 | |
| CY2020Q1 | dsp |
Adjustments To Additional Paid In Capital Accrued Member Tax Distributions
AdjustmentsToAdditionalPaidInCapitalAccruedMemberTaxDistributions
|
-390000 | |
| CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
15144000 | |
| CY2021Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2427000 | |
| CY2020Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
2614000 | |
| CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
17090000 | |
| CY2021Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-194000 | |
| CY2020Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-197000 | |
| CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-3416000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
3640000 | |
| CY2021Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-11213000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-4859000 | |
| CY2021Q1 | dsp |
Increase Decrease In Accrued Compensation
IncreaseDecreaseInAccruedCompensation
|
-2055000 | |
| CY2020Q1 | dsp |
Increase Decrease In Accrued Compensation
IncreaseDecreaseInAccruedCompensation
|
-1019000 | |
| CY2021Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-547000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-792000 | |
| CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1382000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1293000 | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
14763000 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3507000 | |
| CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
167000 | |
| CY2020Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
30000 | |
| CY2021Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
1893000 | |
| CY2021Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-8000 | |
| CY2021Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-31708000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-5042000 | |
| CY2021Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
2793000 | |
| CY2020Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-42000 | |
| CY2020Q1 | us-gaap |
Payments To Develop Software
PaymentsToDevelopSoftware
|
1907000 | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-2060000 | |
| CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1937000 | |
| CY2021Q1 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
232500000 | |
| CY2021Q1 | dsp |
Payment Of Member Tax Distributions
PaymentOfMemberTaxDistributions
|
6805000 | |
| CY2021Q1 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
1442000 | |
| CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
224253000 | |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
236956000 | |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1570000 | |
| CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
9629000 | |
| CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
4815000 | |
| CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
246585000 | |
| CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
6385000 | |
| CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
175000 | |
| CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
429000 | |
| CY2021Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
2666000 | |
| CY2020Q1 | dsp |
Accrued Member Tax Distributions Recorded In Other Current Liabilities
AccruedMemberTaxDistributionsRecordedInOtherCurrentLiabilities
|
2089000 | |
| CY2021Q1 | dsp |
Offering Costs Recorded In Accounts Payable
OfferingCostsRecordedInAccountsPayable
|
1167000 | |
| CY2021Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">1. Nature of Operations</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;color:#231F20;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Viant<font style="letter-spacing:0.05pt;"> </font>Technology<font style="letter-spacing:0.05pt;"> </font>Inc. (the<font style="letter-spacing:0.05pt;"> </font>“Company,”<font style="letter-spacing:0.05pt;"> </font>“we,” “us,”<font style="letter-spacing:0.05pt;"> </font>“our”<font style="letter-spacing:0.05pt;"> </font>or “Viant”)<font style="letter-spacing:0.05pt;"> </font>was incorporated in the State of Delaware<font style="letter-spacing:0.05pt;"> </font>on October<font style="letter-spacing:0.05pt;"> </font>9, 2020 <font style="Background-color:#FFFFFF;color:#000000;">for the purpose of facilitating an Initial Public Offering and other related transactions. </font>The Company operates<font style="letter-spacing:0.1pt;"> </font>a demand<font style="letter-spacing:0.05pt;"> </font>side<font style="letter-spacing:0.05pt;"> </font>platform<font style="letter-spacing:0.1pt;"> </font>(“DSP”), Adelphic,<font style="letter-spacing:0.05pt;"> </font>an enterprise<font style="letter-spacing:0.1pt;"> </font>software<font style="letter-spacing:0.05pt;"> </font>platform<font style="letter-spacing:0.1pt;"> </font>that<font style="letter-spacing:0.05pt;"> </font>is<font style="letter-spacing:0.05pt;"> </font>used by marketers and their<font style="letter-spacing:0.05pt;"> </font>advertising<font style="letter-spacing:0.1pt;"> </font>agencies<font style="letter-spacing:0.05pt;"> </font>to centralize<font style="letter-spacing:0.15pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>planning,<font style="letter-spacing:0.05pt;"> </font>buying and measurement<font style="letter-spacing:0.15pt;"> </font>of their<font style="letter-spacing:0.05pt;"> </font>advertising<font style="letter-spacing:0.1pt;"> </font>across channels,<font style="letter-spacing:0.05pt;"> </font>including<font style="letter-spacing:0.05pt;"> </font>desktop,<font style="letter-spacing:0.05pt;"> </font>mobile,<font style="letter-spacing:0.05pt;"> </font>connected<font style="letter-spacing:0.05pt;"> </font>TV,<font style="letter-spacing:-0.05pt;"> </font>linear<font style="letter-spacing:0.1pt;"> </font>TV,<font style="letter-spacing:-0.05pt;"> </font>streaming<font style="letter-spacing:0.1pt;"> </font>audio<font style="letter-spacing:0.05pt;"> </font>and digital<font style="letter-spacing:0.1pt;"> </font>billboards.</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#231F20;letter-spacing:-0.1pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On February 9, 2021, the Company’s Form S-1 was declared effective by the SEC related to the IPO of its Class A common stock. The closing date of the IPO was February 12, 2021, and in connection with the closing and the corporate reorganization (the “Reorganization Transactions”), the following actions were taken:</p> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;color:#231F20;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;color:#231F20;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;color:#231F20;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company amended and restated its certificate of incorporation, under which the Company is authorized to issue up to 450,000,000 shares of Class A common stock, up to 150,000,000 shares of Class B common stock, and up to 10,000,000 shares of preferred stock;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">The limited liability company agreement of Viant Technology LLC was amended and restated (as amended and restated, the “Viant Technology LLC Agreement”) to, among other things, provide for Class A units and Class B units and appoint the Company as the sole managing member of Viant Technology LLC;</font></p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Viant Technology LLC Agreement classifies the interests acquired by the Company as Class A units and reclassified the interests held by the continuing members of Viant Technology LLC as Class B units, and permits the continuing members of Viant Technology LLC to exchange Class B units for shares of Class A common stock on a one-for-one basis or, at the election of Viant Technology Inc., for cash <font style="color:#000000;">at the current fair value on the date of the exchange</font>. Immediately following such reclassification, the continuing members held 48,935,559 Class B units.<font style="Background-color:#FFFFFF;color:#000000;"> For each membership unit of Viant Technology LLC that is reclassified as a Class B unit, the Company issued one corresponding share of our Class B common stock to the continuing members, or 48,935,559 shares of Class B common stock in total;</font></p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">The Company issued and sold 10,000,000 shares of its Class A common stock to the underwriters at an initial public offering price of $25.00 per share, for gross proceeds of $250.0 million before deducting underwriting discounts and commissions of $17.5 million;</font></p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company used the net proceeds of $232.5 million <font style="Background-color:#FFFFFF;color:#000000;">to acquire 10,000,000 newly issued Class A units of Viant Technology LLC at a per-unit price equal to the per-share price paid by the underwriters for shares of our Class A common stock;</font></p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The underwriters exercised their option to purchase 1,500,000 additional shares of Class A common stock from the selling stockholders. The Company did not receive any proceeds from the sale of shares by the selling stockholders. Pursuant to such exercise, the selling stockholders exchanged the corresponding number of Class B units for the shares of Class A common stock, the corresponding number of shares of Class B common stock were automatically retired, and 1,500,000 Class A units were issued to the Company;</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Class B stockholders and Class A stockholders will initially have 80.5% and 19.5%, respectively, of the combined voting power of the Company’s common stock. The Class A common stock outstanding will represent 100% of the rights of the holders of all classes of the Company’s outstanding common stock to share in distributions from the Company, except for the right of Class B stockholders to receive the par value of the Class B common stock upon our liquidation, dissolution or winding up or an exchange of Class B units.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;color:#231F20;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;color:#231F20;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;color:#231F20;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The Company entered into a Registration Rights Agreement with the Class B stockholders to provide for certain rights and restrictions after the IPO.</p></td></tr></table></div> <div align="left"> <table border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse; width:100%;"> <tr> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;color:#231F20;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> </p></td> <td valign="top" style="width:4.54%;white-space:nowrap"> <p style="margin-top:6pt;margin-bottom:0pt;font-family:'Times New Roman';font-size:15pt;line-height:11pt;color:#231F20;">•</p></td> <td valign="top"> <p style="margin-top:6pt;margin-bottom:0pt;color:#231F20;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The 2020 Equity Based Incentive Compensation Plan (the “Phantom Unit Plan”) under Viant Technology LLC, was terminated and replaced in conjunction with the adoption of the Company’s 2021 Long Term Incentive Plan (the “LITP”)</p></td></tr></table></div> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="Background-color:#FFFFFF;">Immediately following the closing of the IPO, Viant Technology LLC is the predecessor of the Company for financial reporting purposes. The Company is a holding company, and its sole material asset is its equity interest in Viant Technology LLC. As the sole managing member of Viant Technology LLC, the Company operates and controls all of the business and affairs of Viant Technology LLC. The Reorganization Transactions are accounted for as a reorganization of entities under common control. As a result, the condensed consolidated financial statements of the Company recognize the assets and liabilities received in the Reorganization Transactions at their historical carrying amounts, as reflected in the historical consolidated financial statements of Viant Technology LLC. The Company will consolidate Viant Technology LLC on its condensed consolidated financial statements and record a noncontrolling interest related to the Class B units held by the Class B stockholders on its condensed consolidated balance sheet and statement of operations.</font></p> | |
| CY2021Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
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<p style="margin-top:18pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Use of Estimates</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#231F20;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. <font style="color:#000000;">On an on-going</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">basis,</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">management</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">evaluates</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">its</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">estimates,</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">primarily</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">those</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">related</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">to revenue recognition,</font><font style="letter-spacing:0.1pt;color:#000000;"> stock-based compensation, income taxes, </font><font style="color:#000000;">allowances</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">for</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">doubtful</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">accounts,</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">the</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">useful</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">lives</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">of capitalized</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">software</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">development</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">costs</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">and other</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">property,</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">equipment</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">and software,</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">assumptions</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">used in the</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">impairment</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">analyses</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">of long-lived</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">assets</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">and goodwill,</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">deferred</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">revenue and</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">accrued</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">liabilities.</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">These estimates</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">are</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">based</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">on historical</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">data</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">and experience,</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">as well</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">as various</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">other factors</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">that</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">management</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">believes</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">to be reasonable</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">under</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">the</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">circumstances,</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">the</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">results</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">of which form</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">the</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">basis for</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">making</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">judgments</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">about</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">the</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">carrying</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">amount</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">of assets</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">and liabilities</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">that</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">are</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">not readily</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">apparent</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">from</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">other sources.</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">Actual</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">results</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">may</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">differ</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">from</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">these</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">estimates</font><font style="letter-spacing:0.15pt;color:#000000;"> </font><font style="color:#000000;">under</font><font style="letter-spacing:0.05pt;color:#000000;"> </font><font style="color:#000000;">different</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">assumptions</font><font style="letter-spacing:0.1pt;color:#000000;"> </font><font style="color:#000000;">or conditions.</font></p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of March 31, 2021, the impact of the COVID-19 pandemic on our business continues to evolve. As a result, many of our estimates and assumptions consider macro-economic factors in the market, which require increased judgment and carry a higher degree of variability and volatility. As events continue to evolve and additional information becomes available, our estimates may change materially in future periods.</p> | |
| CY2021Q1 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="margin-top:12pt;margin-bottom:0pt;text-indent:0%;font-weight:bold;font-style:italic;font-family:Times New Roman;font-size:10pt;text-transform:none;font-variant: normal;">Concentration<font style="letter-spacing:0.05pt;"> </font>of Risk</p> <p style="margin-top:12pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial<font style="letter-spacing:0.1pt;"> </font>instruments<font style="letter-spacing:0.15pt;"> </font>that<font style="letter-spacing:0.05pt;"> </font>potentially<font style="letter-spacing:0.1pt;"> </font>subject<font style="letter-spacing:0.05pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>Company to concentration<font style="letter-spacing:0.1pt;"> </font>of credit<font style="letter-spacing:0.1pt;"> </font>risk<font style="letter-spacing:0.05pt;"> </font>consist principally<font style="letter-spacing:0.1pt;"> </font>of cash<font style="letter-spacing:0.05pt;"> </font>and accounts<font style="letter-spacing:0.05pt;"> </font>receivable.<font style="letter-spacing:0.1pt;"> </font>The Company maintains<font style="letter-spacing:0.1pt;"> </font>its<font style="letter-spacing:0.05pt;"> </font>cash<font style="letter-spacing:0.05pt;"> </font>with financial<font style="letter-spacing:0.1pt;"> </font>institutions<font style="letter-spacing:0.15pt;"> </font>and its cash<font style="letter-spacing:0.05pt;"> </font>levels<font style="letter-spacing:0.05pt;"> </font>exceed<font style="letter-spacing:0.05pt;"> </font>the<font style="letter-spacing:0.05pt;"> </font>Federal<font style="letter-spacing:0.05pt;"> </font>Deposit<font style="letter-spacing:0.05pt;"> </font>Insurance<font style="letter-spacing:0.1pt;"> </font>Corporation<font style="letter-spacing:0.05pt;"> </font>(FDIC) federally<font style="letter-spacing:0.1pt;"> </font>insured<font style="letter-spacing:0.05pt;"> </font>limits.<font style="letter-spacing:0.1pt;"> </font>Accounts receivable<font style="letter-spacing:0.1pt;"> </font>include<font style="letter-spacing:0.05pt;"> </font>amounts<font style="letter-spacing:0.05pt;"> </font>due from<font style="letter-spacing:0.05pt;"> </font>customers<font style="letter-spacing:0.1pt;"> </font>with principal<font style="letter-spacing:0.1pt;"> </font>operations<font style="letter-spacing:0.1pt;"> </font>primarily<font style="letter-spacing:0.15pt;"> </font>in the<font style="letter-spacing:0.05pt;"> </font>United<font style="letter-spacing:0.05pt;"> </font>States.</p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">As of March 31, 2021, one individual customer accounted for 14.6<font style="font-size:8pt;"></font>% of consolidated accounts receivable. As of December 31, 2020, one individual customer accounted for 13.7% of consolidated accounts receivable. For the three months ended March 31, 2021, two individual customers accounted for 17.2% and 11.1% of consolidated revenue, respectively. For the three months ended March 31, 2020, no individual customers accounted for more than 10% of consolidated revenue. For the three months ended March 31, 2021, one advertising agency holding company accounted for 13.5% <font style="font-size:8pt;"></font>of consolidated revenue. For the three months ended March 31, 2020, three advertising agency holding companies accounted for 13.9%, 11.7%, and 11.4% <font style="font-size:8pt;"></font>of consolidated revenue, respectively. As of March 31, 2021, one individual supplier accounted for 13.3% <font style="font-size:8pt;"></font>of consolidated accounts payable and accrued liabilities. As of December 31, 2020, three suppliers accounted for 15.5%, 11.5%, and 10.9% of consolidated accounts payable and accrued liabilities, respectively. <font style="letter-spacing:0.05pt;"> </font> <font style="letter-spacing:0.05pt;"> </font> <font style="letter-spacing:0.1pt;"> </font></p> | |
| CY2021Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | |
| CY2021Q1 | us-gaap |
Common Stock Voting Rights
CommonStockVotingRights
|
The Class B stockholders and Class A stockholders will initially have 80.5% and 19.5%, respectively, of the combined voting power of the Company’s common stock. The Class A common stock outstanding will represent 100% of the rights of the holders of all classes of the Company’s outstanding common stock to share in distributions from the Company, except for the right of Class B stockholders to receive the par value of the Class B common stock upon our liquidation, dissolution or winding up or an exchange of Class B units | |
| CY2021Q1 | dsp |
Share Based Compensation Arrangement By Share Based Payment Award Initial Public Offering Lock Up Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardInitialPublicOfferingLockUpPeriod
|
P180D | |
| CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
335000 | |
| CY2021Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
126000 | |
| CY2021Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
15000 | |
| CY2021Q1 | dsp |
Tax Receivable Agreement Required To Make Payments To Shareholders Realized Percentage Of Tax Benefits In Event That Exchange Of Units To Shares
TaxReceivableAgreementRequiredToMakePaymentsToShareholdersRealizedPercentageOfTaxBenefitsInEventThatExchangeOfUnitsToShares
|
0.85 | |
| CY2021Q1 | dsp |
Tax Receivable Agreement Expected Remaining Tax Benefit Percentage
TaxReceivableAgreementExpectedRemainingTaxBenefitPercentage
|
0.15 | |
| CY2021Q1 | us-gaap |
Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
|
500000 | |
| CY2021Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
53139000 | |
| CY2020Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
48436000 | |
| CY2021Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
36720000 | |
| CY2020Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
34607000 | |
| CY2021Q1 | us-gaap |
Depreciation
Depreciation
|
2120000 | |
| CY2020Q1 | us-gaap |
Depreciation
Depreciation
|
2307000 | |
| CY2021Q1 | us-gaap |
Interest Expense
InterestExpense
|
200000 | |
| CY2020Q1 | us-gaap |
Interest Expense
InterestExpense
|
300000 | |
| CY2021Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
8627000 | |
| CY2021Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
5919000 | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
8627000 | |
| CY2020Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
5612000 | |
| CY2021Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
307000 | |
| CY2020Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
307000 | |
| CY2021Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
923000 | |
| CY2021Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
1119000 | |
| CY2021Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
467000 | |
| CY2021Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
107000 | |
| CY2021Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
80000 | |
| CY2021Q1 | dsp |
Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
|
12000 | |
| CY2021Q1 | dsp |
Accrued Traffic Acquisition Costs
AccruedTrafficAcquisitionCosts
|
11337000 | |
| CY2020Q4 | dsp |
Accrued Traffic Acquisition Costs
AccruedTrafficAcquisitionCosts
|
22667000 | |
| CY2021Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
1883000 | |
| CY2020Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
2010000 | |
| CY2021Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
23535000 | |
| CY2020Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
23535000 | |
| CY2021Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
17090000 | |
| CY2021Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | |
| CY2021Q1 | dsp |
Percentage Of Exclusive Of Non Controlling Interest Due To Income Tax Expense Benefit Not Recognize On Share Of Pre Tax Book Income Loss
PercentageOfExclusiveOfNonControllingInterestDueToIncomeTaxExpenseBenefitNotRecognizeOnShareOfPreTaxBookIncomeLoss
|
0.805 | |
| CY2021Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.00 | |
| CY2021Q1 | dsp |
Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
|
9100000 | |
| CY2020Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
197000 | |
| CY2021Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-3104000 | |
| CY2020Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
132000 | |
| CY2020Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Preferred Stock
IncrementalCommonSharesAttributableToConversionOfPreferredStock
|
600 | |
| CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
53632 | |
| CY2021Q1 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
continuing members of Viant Technology LLC to exchange Class B units for shares of Class A common stock on a one-for-one basis | |
| CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
2548000 | |
| CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
2002000 | |
| CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
991000 | |
| CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
124000 | |
| CY2021Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
5665000 | |
| CY2021Q1 | us-gaap |
Contractual Obligation
ContractualObligation
|
0 |
