← Viant Technology Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $40.9m ($31.2m) ($45.4m) $9.9m $20.6m ($7.7m) ($11.9m) ($3.4m) $2.4m $8.4m
Net Income (Loss) Available to Common Stockholders, Basic $40.9m ($31.2m) ($45.4m) $9.9m $6.3m ($7.7m) ($11.9m) ($9.9m) $12.5m $8.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — $20.6m ($37.6m) ($48.1m) ($9.9m) $12.5m $24.1m
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — ($29.9m) ($36.2m) ($6.5m) $10.1m $15.7m
Depreciation, Depletion and Amortization $955k $857k $1.1m $10.2m $10.1m $11.1m $13.1m $14.7m $16.5m $18.7m
Amortization of Intangible Assets — — — — $1.2m $1.2m $1.1m $466k $183k $699k
Depreciation $955k $857k $1.1m $10.2m $8.9m $9.9m $12.0m $14.3m $16.3m $18.0m
Amortization of offering cost of warrants — — — — $0 $12.6m $0 $1.5m $0 —
Amortization of right of use assets — — $0 $0 $1.4m $1.9m — — — —
Deferred Income Tax Expense (Benefit) ($1.2m) $0 $0 $0 $0 ($426k) ($624k) $0 $0 ($14.7m)
Deferred taxes $1.7m $0 $0 — — — — $0 $0 ($14.7m)
Deferred tax benefit ($1.2m) $0 $0 $0 $0 ($426k) ($624k) $0 — —
Share-based Payment Arrangement, Noncash Expense — — — — — $68.8m $28.9m $32.3m $21.0m $24.8m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — $15.0m $2.0m $4.2m $10.7m $3.2m
Share-based Payment Arrangement, Expense — — — — — $68.8m $28.9m $32.3m $21.0m $24.8m
Goodwill, Impairment Loss — — — — $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets (Excluding Goodwill) — — — — $0 $0 $0 $0 $0 $0
Impairment loss on goodwill and intangible assets — — — — — $0 $2.3m $10.0m $0 $0
Impairment loss on goodwill — — — — $0 $0 $2.3m — — —
Impairment loss of investment in unconsolidated entity $0 $0 $4.0m $0 — — — — — —
Gain (Loss) on Extinguishment of Debt — — — — — $6.1m $0 $0 — —
Gain (Loss) on Disposition of Assets — — — — ($61k) ($188k) ($588k) ($115k) ($25k) ($94k)
Income Tax Expense (Benefit) $546k $308k — — $0 — $0 $151k $249k ($14.0m)
Other Nonoperating Income (Expense) — — — — ($91k) ($60k) ($310k) ($90k) ($12k) ($1k)
Operating lease liabilities — — $0 $0 $0 $0 ($1.6m) ($3.8m) ($4.1m) ($4.5m)
Operating lease assets obtained in exchange for operating lease liabilities including adjustments — — $0 $0 $0 $0 $8.3m $505k $4.7m $233k
Loss (gain) from disposal of property and equipment ($41k) ($36k) ($78k) $0 ($89k) $20k $49k ($13k) $35k $12k
Reduction of right-of-use assets and operating lease obligations due to early termination of lease agreement — — — — — $0 $0 $62k $61k $1.9m
Interest expenses related to convertible notes — — — $0 $0 $430k $0 — — —
Reversal of interest expense — — $0 $0 ($81k) — — — — —
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — — — $21.1m $20.9m ($7.8m) $16.1m $30.2m $30.8m
Increase (Decrease) in Accounts Payable — — — — $9.0m $3.4m $4.2m $10.0m $23.8m $12.2m
Accounts Receivable, Credit Loss Expense (Reversal) — — — — ($584k) ($107k) $1.3m $100k $1.4m $622k
Proceeds from Stock Options Exercised — — — — — $0 $0 $12k $3.1m $3.8m
Purchases of property and equipment, accrued but unpaid $181k $638k $1.5m $355k $434k $441k $758k $1.2m $2.5m $926k
General and Administrative Expense — — — — $17.6m $46.9m $44.5m $45.3m $51.1m $50.2m
Goodwill — — — — $12.4m $12.4m $12.4m $12.4m $19.2m $19.2m
Nonoperating Income (Expense) — — — — ($1.1m) $5.2m $1.2m $8.5m $9.2m ($1.9m)
Stock-based compensation $2.1m $2.0m $840k $1.1m $0 $68.8m $28.9m $32.3m $21.0m $24.8m
Provision for doubtful accounts $14.5m $1.8m ($841k) $613k ($584k) ($107k) $1.3m $100k $1.4m $622k
Loss on disposal of assets — — — $13k $61k $188k $588k $115k $25k $94k
Noncash lease expense — — — — $0 $0 $2.9m $4.0m $4.0m $4.2m
TRA remeasurement expense — — — — — — — $0 $0 $10.9m
Accounts receivable $14.7m ($245k) $12.0m ($20.2m) ($21.1m) ($20.9m) $7.8m ($16.1m) ($30.2m) ($30.8m)
Prepaid expenses and other assets — — — ($467k) ($252k) ($750k) ($3.6m) ($87k) ($3.9m) $2.9m
Accounts payable — — — $2.7m $9.0m $3.4m $4.2m $10.0m $23.8m $12.2m
Accrued liabilities — — $0 $15.8m $1.7m $9.7m $860k $4.2m $7.9m $3.6m
Accrued compensation — — — ($1.1m) $1.3m $2.3m ($3.1m) $1.4m $939k $1.6m
Deferred revenue ($1.9m) $853k ($1.2m) ($4.6m) ($1.7m) ($1.8m) ($6.4m) $193k $161k $2k
Other liabilities — — — ($953k) ($355k) $290k ($329k) $704k $1.8m ($1.1m)
Capitalized software development costs — — — ($7.4m) ($7.4m) ($6.9m) ($8.1m) ($12.3m) ($15.2m) ($17.4m)
Cash paid for acquisitions — — — $0 $0 $472k $0 $0 ($10.0m) ($549k)
Cash paid for investments — — — — — — — $0 $0 ($3.5m)
Repurchase of stock related to tax withholdings on vested equity awards — — — — $0 ($15.0m) ($2.0m) ($4.2m) ($10.7m) ($3.2m)
Repurchase of stock related to the stock repurchase program — — — — — — $0 $0 ($21.6m) ($38.1m)
Payment of member tax distributions — — — — ($5.5m) ($7.3m) ($15k) ($10.2m) ($6.0m) ($6.6m)
Proceeds from the exercise of stock options — — — — — $0 $0 $12k $3.1m $3.8m
Payment of offering costs — — — — ($1.7m) ($2.6m) $0 $0 ($326k) $0
Stock-based compensation included in capitalized software development costs — — — — $0 $11.0m $4.4m $5.4m $2.3m $3.4m
Capitalized assets financed by accounts payable and accrued liabilities — — — — $0 $356k $503k $1.1m $599k $550k
Accrued member tax distributions — — — $1.7m $6.9m $5k $0 $4.5m $5.4m $293k
(Gain) loss in fair value changes of warrants liability $0 $0 — — $0 ($35.4m) ($174.5m) ($6.1m) $934k ($6k)
Allowance (reversal) for slow moving inventories $2.4m $0 $65k $65k $57k $655k $266k $485k $887k ($1.3m)
Restricted shares issued for management and employees — — ($15.5m) $21.3m $7.9m $6.1m $39.3m $26.2m $22.4m $10.3m
Restricted shares issued for services $2.3m $8.4m $3.1m $846k $34k $0 $8.9m $5.8m $1.1m —
Accrued interest income from loans to third parties — — — — $0 $0 ($271k) ($8.0m) ($7.0m) ($5.3m)
Accrued interest income from short-term investment — — — — — $0 $0 ($2.9m) ($885k) ($17k)
Notes receivable ($455k) ($1.5m) $2.1m $922k ($1.1m) ($2.1m) ($4.5m) $7.1m $2.4m $1.3m
Inventories $1.2m $3.6m ($5.0m) ($1.2m) ($1.1m) ($2.5m) ($689k) ($2.4m) $5.6m $267k
Other receivables ($1.8m) $4.6m ($1.7m) ($929k) ($287k) ($338k) $286k ($1.3m) $32k ($531k)
Other receivables-related parties — — — — — $0 $0 ($64k) ($276k) $208k
Purchase advances $4.9m ($10.5m) ($297k) $5.8m $1.2m ($899k) $865k ($2.6m) ($2.4m) ($5.1m)
Contract costs — — ($127k) $7.6m ($26.9m) ($21.9m) $15.4m ($14.2m) ($4.4m) ($364k)
Prepaid expense $716k ($718k) $319k $317k ($5k) $143k ($274k) $70k ($51k) $12k
Prepaid expense - related parties — — — ($218k) $218k ($433k) $158k $275k $0 —
Other payables $713k ($189k) ($180k) ($862k) ($14k) $5.7m ($6.3m) $2.3m ($3.0m) $3.4m
Other payables-related parties — — — ($921k) $2.2m ($2.6m) $969k $352k ($293k) $628k
Contract liabilities — — — — $3.4m $4.2m ($5.6m) $641k ($928k) $2.9m
Accrued payroll and employees' welfare $134k $1.6m $141k $784k $533k ($1.6m) $296k $132k $855k ($25k)
Taxes payable $790k ($79k) ($269k) $1.7m ($1.1m) $76k $962k ($1.0m) ($172k) ($198k)
Purchase of land use right — — — — — — $0 $0 ($15.0m) —
Repayments of loans to third parties — $14.2m $435k $1.0m $11.2m $5.2m $171.4m $40.1m $117.5m $100.5m
Payments made for loans to third parties — ($1.1m) ($2.0m) ($4.0m) ($9.5m) ($51.6m) ($171.1m) ($103.1m) ($196.4m) ($140.5m)
Payments and prepayments for construction in progress $0 $0 ($9.2m) ($4.6m) ($3.8m) $0 $0 $0 ($219k) ($8.9m)
Payments for short-term investments — — — — — $0 $0 ($290.1m) ($203.5m) ($3.6m)
Redemption of short-term investments — — — — — $0 $0 $108.8m $300.9m $87.2m
Proceeds from short-term bank loans $500k $0 $45k $2.5m $9.5m $16.0m $10.0m $13.5m $11.6m $10.5m
Repayments of short-term bank loans ($7.5m) $0 ($45k) $0 ($2.5m) ($10.5m) ($15.0m) ($11.0m) ($11.6m) ($11.3m)
Repayments of short-term borrowings $0 ($1.3m) ($4.9m) $0 ($1.0m) ($3.4m) ($530k) $0 $0 —
Proceeds from short-term borrowings-related parties — — — $5.0m $17.4m $18.4m $11.1m $15.0m $10.0m —
Repayments of short-term borrowings-related parties — — — ($5.0m) ($16.2m) ($15.9m) ($14.8m) ($9.0m) ($10.0m) —
Repayments of long-term borrowings-related party $0 $0 ($372k) ($684k) ($748k) ($817k) ($893k) ($1.5m) $0 —
Proceeds from warrants issued with ordinary shares — — — — — — — $17.5m $0 —
Proceeds from sale of ordinary shares, net of issuance costs $172k $0 $65.0m $0 $26.1m $81.1m $0 $28.2m $77.7m ($2.5m)
Proceeds from sale of prefunded warrants, net of issuance costs — — — $0 $0 $30.3m $93k $3.8m $0 —
Redemption of warrants — — — — — — $0 $0 ($32.6m) $0
Capital contribution by controlling shareholders — — — — — — — $0 $0 $100k
Cash — — — — $4.5m $30.3m $344.0m $104.1m $110.0m $98.9m
Inventories transferred to and used as fixed assets $1.0m $0 $0 $0 $410k $303k $0 ($65k) $0 —
Payable for construction in progress $0 $0 $3.1m $5.7m $733k $0 — $0 $0 $7.3m
Capital contribution receivable due from non-controlling Interest — — — $0 $0 $50.0m $0 $0 $0 $724k
Income from investment in unconsolidated entity — $0 $0 $960k ($463k) $267k ($15k) $0 $0 —
Cancellation of shares issued to Starry Lab — — — — $0 $0 ($27.7m) $0 — —
Other payable due to non-controlling interest converted into capital contribution — — — — $0 $0 $1.1m $0 — —
Remeasurement gain of previously held equity interests in connection with step acquisition — — — $0 $0 ($979k) $0 — — —
Accounts receivable-related party — — — ($3.4m) $0 $3.4m $0 — — —
Proceeds from disposal of equipment $60k $52k $32k $0 $900 $0 $0 $32k — —
Proceeds from short-term borrowings $530k $1.1m $4.6m $1.1m $200k $3.7m $0 — — —
Proceeds from long-term borrowings-related party $0 $0 $10.0m $0 — $0 $0 — — —
Proceeds from stock issuance for warrants exercised — — — $0 $0 $21.1m $0 — — —
Proceeds from issuance of convertible notes — — — $0 $0 $42.0m $0 — — —
Capital contribution by non-controlling shareholders $0 $0 $3.7m $850k $405k $50k $0 $0 — —
Conversion of convertible notes to 9,225,338 shares of ordinary shares — — — $0 $0 $42.4m $0 — — —
Trade accounts payable ($9.6m) $812k ($2.7m) ($400k) $8.2m ($2.1m) ($5.5m) — — —
Payable for issuance cost of common share — — $0 $0 $375k $0 — — — —
Advance from customers — — $28k ($38k) $3.4m $4.2m — — — —
Investment in unconsolidated entity $0 $0 ($4.0m) ($4.2m) $0 — — — — —
Refund of capital contribution by a non-controlling shareholder — $0 $0 ($200k) $0 — — — — —
Cash at beginning of year $12.3m $1.8m $45.3m $45.3m $4.5m $30.3m — — — —
Investment payable in exchange of interest of FGS — $0 $0 $6.4m $0 — — — — —
Payments for land use right $0 $0 ($1.4m) $0 — — — — — —
Shares issued to settle salary payable $0 $0 $1.6m $0 — — — — — —
Restricted shares issued for management $3.6m $12.9m $14.6m $11.6m — — — — — —
AR and short-term borrowings-related parties offset $200k $0 $0 — — — — — — —
Loss from warrants redemption $0 $0 — — — — — — — —
Income tax benefit $546k $308k — — — — — — — —
Repayment of short-term borrowings $0 ($1.3m) — — — — — — — —
Net Cash Provided by (Used in) Operating Activities ($286k) ($7.4m) ($19.6m) $13.0m $18.9m $28.7m ($3.5m) $37.8m $51.8m $52.6m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($181k) ($638k) ($1.5m) $355k $434k $441k $758k $1.2m $2.5m $926k
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — — $549k
Payments to Acquire Investments — — — — — — — — — $3.5m
Net cash (used in) provided by investing activities ($121k) $12.5m ($17.6m) ($13.5m) ($2.1m) ($46.5m) ($329k) ($245.2m) $3.0m $33.7m
Net Cash Provided by (Used in) Investing Activities ($121k) ($86k) ($17.6m) ($7.8m) ($7.8m) ($7.4m) ($8.8m) ($13.5m) ($27.7m) ($22.3m)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock — — — $0 $0 $232.5m $0 $0 — —
Proceeds from warrants issued with common stock — — — $0 $0 $212.1m $0 $17.5m — —
Issuance of common stock in exchange of shares of FGS, net of issuance costs — $0 $0 $21.4m $0 $1.7m $0 — — —
Cancellation of common stock issued prior years in exchange of shares of FGS , net of issuance costs — — — $0 $0 ($1.7m) $0 — — —
Issuance of common stock in exchange of shares of Starry, net of issuance costs — — — $0 $0 $27.7m $0 — — —
Issuance of unvested common stock to senior managers $0 $56k $0 — — — — — — —
Issuance of common stock to redeem warrants $0 $0 — — — — — — — —
Dividends paid — — — — $5.0m — $0 — — —
Net cash (used in) provided by financing activities ($10.2m) ($3.1m) $76.9m $3.5m $33.2m $394.0m ($10.0m) $56.4m $45.0m ($3.3m)
Net Cash Provided by (Used in) Financing Activities ($10.2m) ($3.1m) $76.9m ($3.1m) ($6.2m) $207.6m ($19.6m) ($14.4m) ($35.4m) ($44.2m)
Effect of exchange rate fluctuation on cash and restricted cash — — — — ($84k) $224k $10.3m $27.7m $1.7m ($8.6m)
Effect of exchange rate fluctuation on cash $63k ($16k) $1.8m $1.4m ($84k) $224k — — — —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — — $4.8m $228.9m ($31.9m) $9.9m ($11.4m) ($13.9m)
Net increase (decrease) in cash and cash equivalents — $2.0m $41.5m $2.2m $4.8m $228.9m ($31.9m) $9.9m ($11.4m) ($13.9m)
Net increase (decrease) in cash ($10.5m) $2.0m $41.5m — — — — — — —
Cash and cash equivalents at beginning of period — — — $4.8m $9.6m $238.5m $206.6m $216.5m $205.0m $191.2m
Cash and restricted cash at beginning of year — — — — $4.5m $30.3m $344.0m $317.7m $104.9m $110.8m
Restricted cash — — — — $0 $0 $0 $732k $849k $8k
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $903k $571k $868k $12k $1.1m $660k $238k $215k $282k $282k
Income Taxes Paid, Net $142k $284k ($23k) $2k $282k ($98k) $10k $18k $0 $412k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.