Viant Technology (DSP) 10-Q 14 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 13, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity Registrant Name	Viant Technology Inc.
Entity Central Index Key	0001828791
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	85-3447553
Entity File Number	001-40015
Entity Address, Address Line One	2722 Michelson Drive
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Irvine
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92612
Local Phone Number	861-8888
City Area Code	949
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Emerging Growth Company	true
Entity Small Business	false
Entity Ex Transition Period	false
Entity Shell Company	false
Title of 12(b) Security	Class A common stock, par value $0.001 per share
Trading Symbol	DSP
Name of each exchange on which registered	NASDAQ
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		11,500,000
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		47,435,559

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash	$ 246,585	$ 9,629
Accounts receivable, net of allowances	58,253	89,767
Prepaid expenses and other current assets	5,044	4,487
Total current assets	309,882	103,883
Property, equipment, and software, net	16,419	13,829
Intangible assets, net	2,708	3,015
Goodwill	12,422	12,422
Other assets	371	371
Total assets	341,802	133,520
Current liabilities:
Accounts payable	27,219	29,763
Accrued liabilities	13,220	24,677
Accrued compensation	7,656	9,711
Current portion of long-term debt	5,365	3,353
Current portion of deferred revenue	1,887	2,725
Accrued member tax distributions		6,878
Other current liabilities	1,238	2,549
Total current liabilities	56,585	79,656
Long-term debt	18,170	20,182
Long-term portion of deferred revenue	5,902	5,612
Other long-term liabilities	382	453
Total liabilities	81,039	105,903
Commitments and contingencies (Note 12)
Convertible preferred units
2019 convertible preferred units, no par value; none issued and outstanding as of March 31, 2021 and 600,000 units authorized, issued and outstanding as of December 31, 2020; liquidation preference $5,444 as of December 31, 2020		7,500
Members' equity
Additional paid-in capital		92,187
Accumulated deficit		(72,070)
Stockholders’ equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized, none issued and outstanding as of March 31, 2021
Additional paid-in capital	67,656
Accumulated deficit	(3,104)
Total stockholders' equity attributable to Viant Technology Inc./members' equity	64,611	20,117
Noncontrolling interests	196,152
Total equity	260,763	20,117
Total liabilities, convertible preferred units and stockholders' equity/members' equity	341,802	$ 133,520
Class A Common Stock
Stockholders’ equity
Common stock	12
Total equity	12
Class B Common Stock
Stockholders’ equity
Common stock	47
Total equity	$ 47

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Common units no par value		$ 0
Common units, units authorized		400,000
Common units, units issued	0	400,000
Common units, units outstanding	0	400,000
Preferred stock, par value per share	$ 0.001
Preferred stock, shares authorized	10,000,000
Preferred stock, shares issued	0
Preferred stock, shares outstanding	0
2019 Convertible Preferred Units
Convertible preferred units, no par value		$ 0
Convertible preferred units, units authorized		600,000
Convertible preferred units, units issued	0	600,000
Convertible preferred units, units outstanding	0	600,000
Convertible preferred units, liquidation preference		$ 5,444
Class A Common Stock
Common stock, par value per share	$ 0.001
Common stock, shares authorized	450,000,000
Common stock, shares issued	11,500,000
Common stock, shares outstanding	11,500,000
Class B Common Stock
Common stock, par value per share	$ 0.001
Common stock, shares authorized	150,000,000
Common stock, shares issued	47,435,559
Common stock, shares outstanding	47,435,559

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenue	$ 40,144	$ 38,160
Operating expenses:
Platform operations	24,344	23,603
Sales and marketing	14,185	7,130
Technology and development	5,900	2,150
General and administrative	10,420	4,656
Total operating expenses	54,849	37,539
Income (loss) from operations	(14,705)	621
Interest expense, net	235	281
Other expense (income), net	(70)	11
Total other expense, net	165	292
Net income (loss)	(14,870)	329
Less: Net loss attributable to noncontrolling interests	(11,766)
Net income (loss) attributable to Viant Technology Inc.	$ (3,104)	$ 329
Earnings (loss) per Class A common stock/unit:
Basic	$ (0.27)	$ 0.33
Diluted	$ (0.27)	$ 0.33
Weighted-average Class A common stock/units outstanding:
Basic	11,500	400
Diluted	11,500	1,000

CONSOLIDATED STATEMENTS OF CONV

CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED UNITS AND MEMBERS' EQUITY/STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Convertible Preferred Units	Class A Common Stock	Class B Common Stock	Common Units	Additional Paid-in Capital	Accumulated Deficit	Total Members’ Equity (Deficit)	Noncontrolling Interest
Temporary Equity, Balance at Dec. 31, 2019		$ 7,500
Temporary Equity, Balance, Share at Dec. 31, 2019		600
Balance at Dec. 31, 2019	$ 15,205					$ 92,187	$ (76,982)
Balance, Shares at Dec. 31, 2019					400
Accrued member tax distributions	(390)						(390)
Net income	329						329
Temporary Equity, Balance at Mar. 31, 2020		$ 7,500
Temporary Equity, Balance, Share at Mar. 31, 2020		600
Balance at Mar. 31, 2020	15,144					92,187	(77,043)
Balance, Shares at Mar. 31, 2020					400
Temporary Equity, Balance at Dec. 31, 2020		$ 7,500
Temporary Equity, Balance, Share at Dec. 31, 2020		600
Balance at Dec. 31, 2020	20,117							$ 20,117
Balance, Shares at Dec. 31, 2020					400
Net income prior to Reorganization Transactions	669							669
Effect of Reorganization Transactions	7,500			$ 49		28,237		$ (20,786)
Temporary Equity, Effect of Reorganization Transactions, Shares		(600)
Temporary Equity, Effect of Reorganization Transactions		$ (7,500)
Effect of Reorganization Transactions, Shares				48,936	(400)
Issuance of Class A common stock in initial public offering, net of underwriting and offering costs	228,185		$ 12	$ (2)		228,175
Issuance of Class A common stock in initial public offering, net of underwriting and offering costs, Shares			11,500	(1,500)
Allocation of equity to noncontrolling interests						(208,587)			$ 208,587
Accrued member tax distributions	75					75
Stock-based compensation	19,756					19,756
Net income	(3,104)
Net loss subsequent to Reorganization Transactions	(15,539)						(3,104)		(12,435)
Balance at Mar. 31, 2021	$ 260,763		$ 12	$ 47		$ 67,656	$ (3,104)		$ 196,152
Balance, Shares at Mar. 31, 2021			11,500	47,436

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ (14,870)	$ 329
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	2,427	2,614
Stock-based compensation	17,090
Recovery of doubtful accounts	(194)	(197)
Loss on disposal of assets	8
Changes in operating assets and liabilities:
Accounts receivable	31,708	5,042
Prepaid expenses and other assets	(2,793)	42
Accounts payable	(3,416)	3,640
Accrued liabilities	(11,213)	(4,859)
Accrued compensation	(2,055)	(1,019)
Deferred revenue	(547)	(792)
Other liabilities	(1,382)	(1,293)
Net cash provided by operating activities	14,763	3,507
Cash flows from investing activities:
Purchases of property and equipment	(167)	(30)
Capitalized software development costs	(1,893)	(1,907)
Net cash used in investing activities	(2,060)	(1,937)
Cash flows from financing activities:
Proceeds from issuance of common stock, net of underwriting discounts	232,500
Payment of member tax distributions	(6,805)
Payment of offering costs	(1,442)
Net cash provided by financing activities	224,253
Net increase in cash	236,956	1,570
Cash at beginning of period	9,629	4,815
Cash at end of period	246,585	6,385
Supplemental disclosure of cash flow information:
Cash paid for interest	175	429
Supplemental disclosure of non-cash investing and financing activities:
Stock-based compensation included in capitalized software development costs	2,666
Accrued member tax distributions recorded in other current liabilities		$ 2,089
Offering costs recorded in accounts payable	$ 1,167

Nature of Operations

Nature of Operations	3 Months Ended
	Mar. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Nature of Operations	1. Nature of Operations Viant for the purpose of facilitating an Initial Public Offering and other related transactions. 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: • 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; • 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; • 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 at the current fair value on the date of the exchange 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; • 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; • The Company used the net proceeds of $232.5 million 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; • 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; • 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. • The Company entered into a Registration Rights Agreement with the Class B stockholders to provide for certain rights and restrictions after the IPO. • 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”) 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.

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Basis of Presentation and Summary of Significant Accounting Policies	2. Basis of Presentation Basis of Presentation The condensed consolidated financial statements for interim financial information which are unaudited Viant Technology LLC is considered a variable interest entity, or VIE. The Company is the primary beneficiary and sole managing member of Viant Technology LLC and has decision making authority that significantly affects the economic performance of the entity. As a result, the Company consolidates Viant Technology LLC. All intercompany balances and transactions have been eliminated in consolidation Viant Technology LLC has been determined to be the predecessor for accounting purposes and, accordingly, the condensed consolidated financial statements for periods prior to the IPO and the related organizational transactions have been adjusted to combine the previously separate entities for presentation purposes. Amounts for the period from January 1, 2020 through February 11, 2021 presented in the condensed consolidated financial statements and notes to condensed consolidated financial statements herein represent the historical operations of Viant Technology LLC. The amounts as of March 31, 2021 and for the period from February 12, 2021 reflect the consolidated operations of the Company. Management believes that the accompanying condensed consolidated financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of its balance sheet as of March 31, 2021, results of operations for the three months ended March 31,2021 and 2020, and cash flows for the three months ended March 31, 2021 and 2020. The balance sheet as of December 31, 2020 was derived from the audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been omitted. Accordingly, these condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2020. The consolidated results of operations for the three months ended March 31, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021, or for any other future annual or interim period. Use of Estimates 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. On an on-going basis, management evaluates its estimates, primarily those related to revenue recognition, stock-based compensation, income taxes, allowances for doubtful accounts, the useful lives of capitalized software development costs and other property, equipment and software, assumptions used in the impairment analyses of long-lived assets and goodwill, deferred revenue and accrued liabilities. These estimates are based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amount of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. 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. Fair Value of Financial Instruments Financial instruments consist of cash, accounts receivable, accounts payable and accrued liabilities. The carrying amounts of the Company’s current financial assets and current financial liabilities are considered to be representative of their respective fair values because of the short- term nature of those instruments. Stock-Based Compensation Stock-based compensation relates to equity awards granted under the Company’s 2021 LTIP, which is measured and recognized in the condensed consolidated financial statements based on the fair value of the equity award granted. Since inception of the 2021 LTIP, the Company has only granted restricted stock units (“RSUs”). The fair value of RSUs is calculated using the closing market price of the Company’s common stock on the date of grant. Stock-based compensation is related to RSUs granted in connection with our recent IPO to certain employees and board members, pursuant to the 2021 LTIP, where a of RSUs awarded to employees will vest upon expiration of the 180 day IPO lock-up period and the remainder of which will continue to vest through the applicable vesting dates, subject to continued employment for employee grants. RSUs awarded to board members will vest quarterly and annually through the applicable vesting dates. Comprehensive Income (Loss) For the periods presented, net income (loss) is equal to comprehensive income (loss). Noncontrolling Interests The noncontrolling interests represent the economic interests of Viant Technology LLC held by Class B common stockholders. Income or loss is attributed to the noncontrolling interests based on the weighted average LLC interests outstanding during the period. The noncontrolling interests’ ownership percentage can fluctuate over time as the Class B common stockholders elect to exchange their shares of Class B common stock for Class A common stock. Earnings (Loss) Basic number of Shares of our Class B common stock do not share in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings (loss) per share of Class B common stock under the two-class method has not been presented. Diluted Earnings (Loss) Per Unit Basic earnings (loss) per unit is calculated by dividing the earnings (loss) attributable to common unitholders by the number of weighted-average common units outstanding. The Company applies the two-class method to allocate earnings between common and convertible preferred units. Diluted earnings (loss) per unit adjusts the basic earnings (loss) per unit attributable to common unitholders and the weighted-average number of units of common units outstanding for the potential dilutive impact of common units, using the treasury-stock method, and convertible preferred units using the as-if-converted method. Diluted earnings (loss) per unit considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common units would have an anti-dilutive effect. Accounts Receivable, The following (in thousands) Balance as of December 31, 2020 $ 335 Recovery of doubtful accounts (194 ) Write-offs, net of recoveries (126 ) Balance as of March 31, 2021 $ 15 Deferred Deferred $2.2 million . Upon of $4.3 million Concentration Financial As of March 31, 2021, one individual customer accounted for 14.6 Income The Company is the managing member of Viant Technology LLC and, as a result, consolidates the financial results of Viant Technology LLC in the unaudited condensed consolidated financial statements. Viant Technology LLC is a pass-through entity for U.S. federal and most applicable state and local income tax purposes following a corporate reorganization effected in connection with our initial public offering. As an entity classified as a partnership for tax purposes, Viant Technology LLC is not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by Viant Technology LLC is passed through to, and included in the taxable income or loss of its members, including us. The Company is taxed as a corporation and pays corporate federal, state and local taxes with respect to income allocated from Viant Technology LLC, based on Viant Technology Inc.'s 19.5% economic interest in Viant Technology LLC. The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities (“DTAs” and “DTLs”) for the expected future tax consequences of events that have been included in the financial statements. Under this method, we determine DTAs and DTLs on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on DTAs and DTLs is recognized in income in the period that includes the enactment date. We recognize DTAs to the extent that we believe that these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, carryback potential if permitted under the tax law, and results of recent operations. If we determine that we would be able to realize our DTAs in the future in excess of their net recorded amount, we would make an adjustment to the DTA valuation allowance, which would reduce the provision for income taxes. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. Tax Receivable Agreement The Company expects to obtain an increase in its share of tax basis in the net assets of Viant Technology LLC when Class B units are exchanged by the holders of Class B units for shares of Class A common stock of the Company and upon other qualifying transactions. Each change in outstanding shares of Class A common stock of the Company results in a corresponding increase or decrease in the Company's ownership of Class A units of Viant Technology LLC. The Company intends to treat any exchanges of Class B units as direct purchases of LLC interests for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that Viant Technology Inc. would otherwise pay in the future to various taxing authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. In connection with the IPO, the Company entered into a Tax Receivable Agreement (“TRA”) with Viant Technology LLC and the holders of Class B units of Viant Technology LLC (the “Members”). In the event that such parties exchange any or all of their Class B units for Class A common stock, the TRA requires the Company to make payments to such holders for 85% of the tax benefits realized, or in some cases deemed to be realized, by the Company by such exchange as a result of (i) increases in the Company’s tax basis of its ownership interest in the net assets of Viant Technology LLC resulting from any redemptions or exchanges of noncontrolling interest, (ii) tax basis increases attributable to payments made under the TRA, and (iii) deductions attributable to imputed interest pursuant to the TRA (the “TRA Payments”). The annual tax benefits are computed by calculating the income taxes due, including such tax benefits, and the income taxes due without such benefits. The Company expects to benefit from the remaining 15% of any tax benefits that it may actually realize. The TRA Payments are not conditioned upon any continued ownership interest in Viant Technology LLC or the Company. To the extent that the Company is unable to timely make payments under the TRA for any reason, such payments generally will be deferred and will accrue interest until paid. The timing and amount of aggregate payments due under the TRA may vary based on a number of factors, including the amount and timing of the taxable income the Company generates each year and the tax rate then applicable. The Company calculates the liability under the TRA using a complex TRA model, which includes an assumption related to the fair market value of assets. The payment obligations under the TRA are obligations of Viant Technology Inc. and not of Viant Technology LLC. Payments are generally due under the TRA within a specified period of time following the filing of the Company’s tax return for the taxable year with respect to which the payment obligation arises, although interest on such payments will begin to accrue at a rate of the Secured Overnight Financing Rate (“SOFR”) plus 500 basis points from the due date (without extensions) of such tax return. The TRA provides that if (i) certain mergers, asset sales, other forms of business combinations, or other changes of control were to occur, (ii) there is a material breach of any material obligations under the TRA; or (iii) the Company elects an early termination of the TRA, then the TRA will terminate and the Company's obligations, or the Company's successor’s obligations, under the TRA will accelerate and become due and payable, based on certain assumptions, including an assumption that the Company would have sufficient taxable income to fully utilize all potential future tax benefits that are subject to the TRA and that any Class B units that have not been exchanged are deemed exchanged for the fair market value of the Company's Class A common stock at the time of termination. Recent Issued On April The Company has elected condensed In February Financial Accounting Standards Board (“ condensed In June 2016, the condensed In September prospectively In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU 2019-12"). ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. This guidance is effective for the Company’s annual reporting period beginning after December 15, 2020. The Company adopted ASU 2019-12 prospectively on January 1, 2021, and the adoption of this ASU did not have a material impact on the condensed consolidated financial statements. In October 2020, the FASB issued ASU No. 2020-10, Codification Improvements , The guidance is effective for the Company’s annual reporting period beginning after December 15, 2021. The Company is currently assessing the impact this guidance will have on the condensed consolidated financial statements.

Revenue

Revenue	3 Months Ended
	Mar. 31, 2021
Revenue From Contract With Customer [Abstract]
Revenue	3. Revenue The disaggregation Three Months Ended March 31, 2021 2020 (in thousands) Over-time revenue $ 1,105 $ 1,273 Point-in-time revenue 39,039 36,887 Total revenue $ 40,144 $ 38,160 Remaining n n During the three months ended March 31, 2021, we recognized $0.5 million of revenue related to amounts that were included in deferred revenue as of December 31, 2020. The revenue

Property, Equipment and Softwar

Property, Equipment and Software, Net	3 Months Ended
	Mar. 31, 2021
Property Plant And Equipment [Abstract]
Property, Equipment and Software, Net	4. Property, Major As of March 31, As of December 31, 2021 2020 (in thousands) Capitalized software development costs $ 48,187 $ 43,627 Computer equipment 1,708 1,575 Purchased software 32 32 Furniture, fixtures and office equipment 1,087 1,087 Leasehold improvements 2,125 2,115 Total property, equipment and software 53,139 48,436 Less: Accumulated depreciation (36,720 ) (34,607 ) Total property, equipment and software, net $ 16,419 $ 13,829 Depreciation Three Months Ended March 31, 2021 2020 (in thousands) Platform operations $ 1,578 $ 1,762 Sales and marketing — — Technology and development 381 401 General and administrative 161 144 Total $ 2,120 $ 2,307 For the three months ended March 31, 2021 and 2020, total interest cost incurred was $0.2 million and $0.3 million, respectively. The Company capitalized interest costs of $5,000 to capitalized software development costs for the three months ended March 31, 2021.

Intangible Assets, Net

Intangible Assets, Net	3 Months Ended
	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Intangible Assets, Net	5. Intangible The balances As of March 31, 2021 Remaining Weighted Average Useful Life Gross Amount Accumulated Amortization Net Carrying Amount (in years) (in thousands) Developed technology 1.8 $ 4,927 $ (3,643 ) $ 1,284 Customer relationships 2.8 2,300 (1,369 ) 931 Trademarks/tradenames 4.1 1,400 (907 ) 493 Total $ 8,627 $ (5,919 ) $ 2,708 As of December 31, 2020 Remaining Weighted Average Useful Life Gross Amount Accumulated Amortization Net Carrying Amount (in years) (in thousands) Developed technology 2.1 $ 4,927 $ (3,469 ) $ 1,458 Customer relationships 3.1 2,300 (1,287 ) 1,013 Trademarks/tradenames 4.2 1,400 (856 ) 544 Total $ 8,627 $ (5,612 ) $ 3,015 Amortization condensed Three Months Ended March 31, 2021 2020 (in thousands) Platform operations $ 175 $ 175 Sales and marketing — — Technology and development — — General and administrative 132 132 Total $ 307 $ 307 Estimated amortization As of March 31, 2021 Year (in thousands) Remainder of 2021 $ 923 2022 1,119 2023 467 2024 107 2025 80 Thereafter 12 Total $ 2,708

Accrued Liabilities

Accrued Liabilities	3 Months Ended
	Mar. 31, 2021
Payables And Accruals [Abstract]
Accrued Liabilities	6. Accrued Liabilities The Company’s As of March 31, As of December 31, 2021 2020 (in thousands) Accrued traffic acquisition costs $ 11,337 $ 22,667 Other accrued liabilities 1,883 2,010 Total accrued liabilities $ 13,220 $ 24,677

Long-Term Debt and Revolving Cr

Long-Term Debt and Revolving Credit Facility	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Long-Term Debt and Revolving Credit Facility	7. Long-Term Debt and Revolving Credit The Company’s As of March 31, As of December 31, 2021 2020 (in thousands) Revolving credit facility $ 17,500 $ 17,500 Paycheck Protection Program Loan 6,035 6,035 Total debt 23,535 23,535 Less: Current portion of long-term debt (5,365 ) (3,353 ) Total long-term debt $ 18,170 $ 20,182 As of March 31, 2021 and December 31, 2020, Revolving Credit Facility On October 31, 2019, we entered into an asset-based revolving credit and security agreement with PNC Bank (the “Loan Agreement”). The Loan Agreement provides a senior secured revolving credit facility of up to $40.0 million with a maturity date of October 31, 2024. The Loan Agreement is collateralized by security interests in substantially all of our assets. Advances under the Loan Agreement bear interest through maturity at a variable rate based upon our selection of either a Domestic Rate or a LIBOR Rate, plus an applicable margin (“Domestic Rate Loans” and “LIBOR Rate Loans”). The Domestic Rate is defined as a fluctuating interest rate equal to the greater of (1) the base commercial lending rate of PNC Bank, (2) the overnight federal funds rate plus 0.50% and (3) the Daily LIBOR Rate plus 1.00%. The effective weighted average interest rate as of March 31, 2021 was 3.63%. The applicable margin commencing January 1, 2021 is between 1.50% to 2.25% for Domestic Rate Loans and between 3.50% and 4.25% for LIBOR Rate Loans based on maintaining certain undrawn availability ratios. The facility fee for undrawn amounts under the Loan Agreement is 0.375% per annum. We will also be required to pay customary letter of credit fees, as necessary. The Loan Agreement contains customary conditions to borrowings, events of default and covenants, including covenants that restrict our ability to sell assets, make changes to the nature of the business, engage in mergers or acquisitions, incur, assume or permit to exist additional indebtedness and guarantees, create or permit to exist liens, pay dividends, issue equity instruments, make distributions or redeem or repurchase capital stock or make other investments, and engage in transactions with affiliates. The Loan Agreement also requires that we maintain compliance with a minimum Fixed Charge Coverage Ratio (as defined in the Loan Agreement) of 1.40 to 1.00 at any time undrawn availability under the Loan Agreement is less than 25%. As of March 31, 2021, we are in compliance with all covenants.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	8. Stock-Based Compensation In connection with the IPO, which occurred on February 12, 2021, the Phantom Unit Plan was replaced by the 2021 LTIP, and 6.2 million RSUs were granted. The Company is authorized to grant RSUs, incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, and performance stock awards under its 2021 LTIP. As of March 31, 2021, the Company has currently only granted RSUs. Under the Company’s 2021 LTIP, 5.6 million shares remained available for grant as of March 31, 2021. Stock-Based Compensation Stock-based compensation recorded in the condensed consolidated statements of operations was as follows: Three Months Ended March 31, 2021 2020 (in thousands) Platform operations $ 3,161 $ — Sales and marketing 6,813 — Technology and development 2,939 — General and administrative 4,177 — Total $ 17,090 $ — Restricted Stock Units (“RSUs”) The following summarizes RSU activity during the three months ended March 31, 2021: Number of Shares (in thousands) RSUs outstanding as of December 31, 2020 $ — Granted 6,208 Vested — Canceled/forfeited (26 ) RSUs outstanding as of March 31, 2021 $ 6,182 As of March 31, 2021, the Company had unrecognized stock-based compensation relating to RSUs of approximately $134.8 million, which is expected to be recognized over a weighted-average period of 2.2 years.

Income Taxes and Tax Receivable

Income Taxes and Tax Receivable Agreement	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes and Tax Receivable Agreement	9. Income Taxes and Tax Receivable Agreement The provision for income taxes differs from the amount of income tax computed by applying the applicable U.S. statutory federal income tax rate of 21% to income before provision of income taxes due to Viant Technology LLC’s pass-through structure for U.S. income tax purposes and the valuation allowance against the deferred tax asset. Viant Technology Inc. did not recognize an income tax expense/(benefit) on its share of pre-tax book income (loss), exclusive of the noncontrolling interest of 80.5%, due to the full valuation allowance against its deferred tax assets, resulting in an effective tax rate ("ETR") of 0%, for the three months ended March 31, 2021. As of March 31, 2021, management determined based on applicable accounting standards and the weight of all available evidence, it was not more likely than not ("MLTN") that the Company will generate sufficient taxable income to realize our deferred tax assets including the difference in our tax basis in excess of the financial reporting value for our investment in Viant Technology LLC. Consequently, we have established a full valuation allowance against our deferred tax assets as of March 31, 2021. In the event that management subsequently determines that it is MLTN that we will realize our deferred tax assets in the future over the recorded amount, a decrease to the valuation allowance will be made, which will reduce the provision for income taxes. The Company has concluded based on applicable accounting standards and the weight of all available evidence, that it was more likely than not that its deferred tax assets subject to the TRA would not be realized as of March 31, 2021. Therefore, the Company has not recorded a liability related to the tax savings it may realize from utilization of such deferred tax assets after concluding it was not probable that such TRA liability would be paid based on its estimates of future taxable income. As of March 31, 2021, the total unrecorded TRA liability is approximately $9.1 million. If utilization of the deferred tax assets subject to the TRA becomes more likely than not in the future, the Company will record a liability related to the TRA, to the extent probable at that time, which will be recognized as an expense within its condensed consolidated statements of operations.

Earnings (Loss) Per Share_Unit

Earnings (Loss) Per Share/Unit	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Earnings (Loss) Per Share/Unit	10. Earnings (Loss) Prior to the Reorganization Transactions that occurred on February 12, 2021, the Viant Technology LLC membership structure included certain convertible preferred units and common units. As a result of the Reorganization Transactions, Class B units of Viant Technology LLC are exchangeable in the future for Class A common stock of the Company. As the conversion of Viant Technology LLC preferred and common units to Class B units was not done in a proportionate manner with respect to the rights and economic interests of the former Viant Technology LLC unit holders compared to those of the new Class B unit/shareholders in Viant Technology LLC and Viant Technology Inc, we do not believe it is appropriate to retrospectively adjust these units. Accordingly, the earnings per unit calculation presented for March 31, 2020 reflects units of the membership structure prior to the Reorganization Transactions. For the three months ended March 31, 2021, basic net loss per share has been calculated by dividing net loss attributable to Class A common stockholders for the period subsequent to the Reorganization Transactions, by the weighted average number of shares of Class A common stock outstanding for the same period. Shares of Class A common stock are weighted for the portion of the period in which the shares were outstanding. Diluted net loss per share has been calculated in a manner consistent with that of basic net loss per share while giving effect to all potentially dilutive shares of Class A common stock outstanding during the period. For the three months ended March 31, 2020, diluted earnings per unit represents net income attributable to all unitholders divided by the weighted-average number of units outstanding, inclusive of the convertible preferred units using the as-if-converted method and the incentive common units using the treasury stock method, if dilutive. For the three months ended March 31, 2020, there were no potential dilutive units related to incentive common units as they were all issued as of the beginning of the year. The potential dilutive units related to the convertible preferred units were included in the computation of dilutive earnings per unit. The undistributed earnings for the three months ended March 31, 2020 have been allocated based on the participation rights of the convertible preferred and common units as if the earnings for the period have been distributed. As the participation in distributed and undistributed earnings is identical for both classes, the distributed and undistributed earnings are allocated on a proportionate basis. The following table presents the calculation of basic and diluted net earnings (loss) per share/unit for the three months ended March 31, 2021, the period following the Reorganization Transactions, and for the three months ended March 31, 2020. See Note 2 for additional information related to basic and diluted net loss per share/unit. Three Months Ended March 31, 2021 2020 (in thousands, except per share/unit data) Numerator Net income (loss) $ (14,870 ) $ 329 Less: Net loss attributable to noncontrolling interests (11,766 ) — Less: Undistributed earnings attributable to participating securities — (197 ) Net loss attributable to Viant Technology Inc./common unitholders $ (3,104 ) $ 132 Denominator Weighted-average shares of Class A common stock/units outstanding—basic 11,500 400 Effect of dilutive securities: Convertible preferred units — 600 Restricted stock units — — Weighted-average shares of Class A common stock/units outstanding—diluted 11,500 1,000 Earnings (loss) per share of Class A common stock/unit—basic $ (0.27 ) $ 0.33 Earnings (loss) per share of Class A common stock/unit—diluted $ (0.27 ) $ 0.33 Anti-dilutive shares/units excluded from earnings (loss) per share of Class A common stock/unit—diluted: Restricted stock units 6,196 — Shares of Class B common stock 47,436 — Total shares excluded from earnings (loss) per share of Class A common stock/unit—diluted 53,632 —

Noncontrolling Interests

Noncontrolling Interests	3 Months Ended
	Mar. 31, 2021
Noncontrolling Interest [Abstract]
Noncontrolling Interests	11. Noncontrolling Interests We are the sole managing member of Viant Technology LLC and, as a result, consolidate the financial results of Viant Technology LLC. We report noncontrolling interests representing the economic interests in Viant Technology LLC held by the other members of Viant Technology LLC. The Viant Technology LLC Agreement classifies the interests acquired by the Company as Class A units, 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 at the current fair value on the date of the exchange. The following table summarizes the ownership of Viant Technology LLC as of March 31, 2021: As of March 31, 2021 Owner Units Owned Ownership Percentage Viant Technology Inc. 11,500,000 19.5 % Noncontrolling interests 47,435,559 80.5 % Total 58,935,559 100.0 %

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments Lease Commitments Future operating As of March 31, 2021 Year (in thousands) Remainder of 2021 $ 2,548 2022 2,002 2023 991 2024 124 2025 and thereafter — Total minimum payments $ 5,665 Legal Matters From Guarantees and Indemnities The Company has made condensed

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	13. Subsequent Events On April 12, 2021, the Company submitted an application

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation The condensed consolidated financial statements for interim financial information which are unaudited Viant Technology LLC is considered a variable interest entity, or VIE. The Company is the primary beneficiary and sole managing member of Viant Technology LLC and has decision making authority that significantly affects the economic performance of the entity. As a result, the Company consolidates Viant Technology LLC. All intercompany balances and transactions have been eliminated in consolidation Viant Technology LLC has been determined to be the predecessor for accounting purposes and, accordingly, the condensed consolidated financial statements for periods prior to the IPO and the related organizational transactions have been adjusted to combine the previously separate entities for presentation purposes. Amounts for the period from January 1, 2020 through February 11, 2021 presented in the condensed consolidated financial statements and notes to condensed consolidated financial statements herein represent the historical operations of Viant Technology LLC. The amounts as of March 31, 2021 and for the period from February 12, 2021 reflect the consolidated operations of the Company. Management believes that the accompanying condensed consolidated financial statements reflect all adjustments, which include only normal recurring adjustments, necessary for the fair statement of its balance sheet as of March 31, 2021, results of operations for the three months ended March 31,2021 and 2020, and cash flows for the three months ended March 31, 2021 and 2020. The balance sheet as of December 31, 2020 was derived from the audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been omitted. Accordingly, these condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and related notes included in its Annual Report on Form 10-K for the year ended December 31, 2020. The consolidated results of operations for the three months ended March 31, 2021 are not necessarily indicative of the results to be expected for the year ending December 31, 2021, or for any other future annual or interim period.
Use of Estimates	Use of Estimates 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. On an on-going basis, management evaluates its estimates, primarily those related to revenue recognition, stock-based compensation, income taxes, allowances for doubtful accounts, the useful lives of capitalized software development costs and other property, equipment and software, assumptions used in the impairment analyses of long-lived assets and goodwill, deferred revenue and accrued liabilities. These estimates are based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying amount of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions. 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.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial instruments consist of cash, accounts receivable, accounts payable and accrued liabilities. The carrying amounts of the Company’s current financial assets and current financial liabilities are considered to be representative of their respective fair values because of the short- term nature of those instruments.
Stock-Based Compensation	Stock-Based Compensation Stock-based compensation relates to equity awards granted under the Company’s 2021 LTIP, which is measured and recognized in the condensed consolidated financial statements based on the fair value of the equity award granted. Since inception of the 2021 LTIP, the Company has only granted restricted stock units (“RSUs”). The fair value of RSUs is calculated using the closing market price of the Company’s common stock on the date of grant. Stock-based compensation is related to RSUs granted in connection with our recent IPO to certain employees and board members, pursuant to the 2021 LTIP, where a of RSUs awarded to employees will vest upon expiration of the 180 day IPO lock-up period and the remainder of which will continue to vest through the applicable vesting dates, subject to continued employment for employee grants. RSUs awarded to board members will vest quarterly and annually through the applicable vesting dates.
Comprehensive Income (Loss)	Comprehensive Income (Loss) For the periods presented, net income (loss) is equal to comprehensive income (loss).
Noncontrolling Interests	Noncontrolling Interests The noncontrolling interests represent the economic interests of Viant Technology LLC held by Class B common stockholders. Income or loss is attributed to the noncontrolling interests based on the weighted average LLC interests outstanding during the period. The noncontrolling interests’ ownership percentage can fluctuate over time as the Class B common stockholders elect to exchange their shares of Class B common stock for Class A common stock.
Earnings (Loss) Per Share	Earnings (Loss) Basic number of Shares of our Class B common stock do not share in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings (loss) per share of Class B common stock under the two-class method has not been presented. Diluted
Earnings (Loss) Per Unit	Earnings (Loss) Per Unit Basic earnings (loss) per unit is calculated by dividing the earnings (loss) attributable to common unitholders by the number of weighted-average common units outstanding. The Company applies the two-class method to allocate earnings between common and convertible preferred units. Diluted earnings (loss) per unit adjusts the basic earnings (loss) per unit attributable to common unitholders and the weighted-average number of units of common units outstanding for the potential dilutive impact of common units, using the treasury-stock method, and convertible preferred units using the as-if-converted method. Diluted earnings (loss) per unit considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common units would have an anti-dilutive effect.
Accounts Receivable, Net of Allowances	Accounts Receivable, The following (in thousands) Balance as of December 31, 2020 $ 335 Recovery of doubtful accounts (194 ) Write-offs, net of recoveries (126 ) Balance as of March 31, 2021 $ 15
Deferred Offering Costs	Deferred Deferred $2.2 million . Upon of $4.3 million
Concentration of Risk	Concentration Financial As of March 31, 2021, one individual customer accounted for 14.6
Income Taxes	Income The Company is the managing member of Viant Technology LLC and, as a result, consolidates the financial results of Viant Technology LLC in the unaudited condensed consolidated financial statements. Viant Technology LLC is a pass-through entity for U.S. federal and most applicable state and local income tax purposes following a corporate reorganization effected in connection with our initial public offering. As an entity classified as a partnership for tax purposes, Viant Technology LLC is not subject to U.S. federal and certain state and local income taxes. Any taxable income or loss generated by Viant Technology LLC is passed through to, and included in the taxable income or loss of its members, including us. The Company is taxed as a corporation and pays corporate federal, state and local taxes with respect to income allocated from Viant Technology LLC, based on Viant Technology Inc.'s 19.5% economic interest in Viant Technology LLC. The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities (“DTAs” and “DTLs”) for the expected future tax consequences of events that have been included in the financial statements. Under this method, we determine DTAs and DTLs on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on DTAs and DTLs is recognized in income in the period that includes the enactment date. We recognize DTAs to the extent that we believe that these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, carryback potential if permitted under the tax law, and results of recent operations. If we determine that we would be able to realize our DTAs in the future in excess of their net recorded amount, we would make an adjustment to the DTA valuation allowance, which would reduce the provision for income taxes. The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (1) we determine whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position and (2) for those tax positions that meet the more-likely-than-not recognition threshold, we recognize the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.
Tax Receivable Agreement	Tax Receivable Agreement The Company expects to obtain an increase in its share of tax basis in the net assets of Viant Technology LLC when Class B units are exchanged by the holders of Class B units for shares of Class A common stock of the Company and upon other qualifying transactions. Each change in outstanding shares of Class A common stock of the Company results in a corresponding increase or decrease in the Company's ownership of Class A units of Viant Technology LLC. The Company intends to treat any exchanges of Class B units as direct purchases of LLC interests for U.S. federal income tax purposes. These increases in tax basis may reduce the amounts that Viant Technology Inc. would otherwise pay in the future to various taxing authorities. They may also decrease gains (or increase losses) on future dispositions of certain capital assets to the extent tax basis is allocated to those capital assets. In connection with the IPO, the Company entered into a Tax Receivable Agreement (“TRA”) with Viant Technology LLC and the holders of Class B units of Viant Technology LLC (the “Members”). In the event that such parties exchange any or all of their Class B units for Class A common stock, the TRA requires the Company to make payments to such holders for 85% of the tax benefits realized, or in some cases deemed to be realized, by the Company by such exchange as a result of (i) increases in the Company’s tax basis of its ownership interest in the net assets of Viant Technology LLC resulting from any redemptions or exchanges of noncontrolling interest, (ii) tax basis increases attributable to payments made under the TRA, and (iii) deductions attributable to imputed interest pursuant to the TRA (the “TRA Payments”). The annual tax benefits are computed by calculating the income taxes due, including such tax benefits, and the income taxes due without such benefits. The Company expects to benefit from the remaining 15% of any tax benefits that it may actually realize. The TRA Payments are not conditioned upon any continued ownership interest in Viant Technology LLC or the Company. To the extent that the Company is unable to timely make payments under the TRA for any reason, such payments generally will be deferred and will accrue interest until paid. The timing and amount of aggregate payments due under the TRA may vary based on a number of factors, including the amount and timing of the taxable income the Company generates each year and the tax rate then applicable. The Company calculates the liability under the TRA using a complex TRA model, which includes an assumption related to the fair market value of assets. The payment obligations under the TRA are obligations of Viant Technology Inc. and not of Viant Technology LLC. Payments are generally due under the TRA within a specified period of time following the filing of the Company’s tax return for the taxable year with respect to which the payment obligation arises, although interest on such payments will begin to accrue at a rate of the Secured Overnight Financing Rate (“SOFR”) plus 500 basis points from the due date (without extensions) of such tax return. The TRA provides that if (i) certain mergers, asset sales, other forms of business combinations, or other changes of control were to occur, (ii) there is a material breach of any material obligations under the TRA; or (iii) the Company elects an early termination of the TRA, then the TRA will terminate and the Company's obligations, or the Company's successor’s obligations, under the TRA will accelerate and become due and payable, based on certain assumptions, including an assumption that the Company would have sufficient taxable income to fully utilize all potential future tax benefits that are subject to the TRA and that any Class B units that have not been exchanged are deemed exchanged for the fair market value of the Company's Class A common stock at the time of termination.
Recent Issued Accounting Pronouncements	Recent Issued On April The Company has elected condensed In February Financial Accounting Standards Board (“ condensed In June 2016, the condensed In September prospectively In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ("ASU 2019-12"). ASU 2019-12 removes certain exceptions to the general principles in Topic 740 and also clarifies and amends existing guidance to improve consistent application. This guidance is effective for the Company’s annual reporting period beginning after December 15, 2020. The Company adopted ASU 2019-12 prospectively on January 1, 2021, and the adoption of this ASU did not have a material impact on the condensed consolidated financial statements. In October 2020, the FASB issued ASU No. 2020-10, Codification Improvements , The guidance is effective for the Company’s annual reporting period beginning after December 15, 2021. The Company is currently assessing the impact this guidance will have on the condensed consolidated financial statements.

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2021
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Summary of Changes in Allowance for Doubtful Accounts	The following (in thousands) Balance as of December 31, 2020 $ 335 Recovery of doubtful accounts (194 ) Write-offs, net of recoveries (126 ) Balance as of March 31, 2021 $ 15

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue From Contract With Customer [Abstract]
Summary of Disaggregation of Revenue	The disaggregation Three Months Ended March 31, 2021 2020 (in thousands) Over-time revenue $ 1,105 $ 1,273 Point-in-time revenue 39,039 36,887 Total revenue $ 40,144 $ 38,160

Property, Equipment and Softw_2

Property, Equipment and Software, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Property Plant And Equipment [Abstract]
Schedule of Major Classes of Property, Equipment and Software	Major As of March 31, As of December 31, 2021 2020 (in thousands) Capitalized software development costs $ 48,187 $ 43,627 Computer equipment 1,708 1,575 Purchased software 32 32 Furniture, fixtures and office equipment 1,087 1,087 Leasehold improvements 2,125 2,115 Total property, equipment and software 53,139 48,436 Less: Accumulated depreciation (36,720 ) (34,607 ) Total property, equipment and software, net $ 16,419 $ 13,829
Schedule of Depreciation	Depreciation Three Months Ended March 31, 2021 2020 (in thousands) Platform operations $ 1,578 $ 1,762 Sales and marketing — — Technology and development 381 401 General and administrative 161 144 Total $ 2,120 $ 2,307

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Balances of Intangibles Assets and Accumulated Amortization	The balances As of March 31, 2021 Remaining Weighted Average Useful Life Gross Amount Accumulated Amortization Net Carrying Amount (in years) (in thousands) Developed technology 1.8 $ 4,927 $ (3,643 ) $ 1,284 Customer relationships 2.8 2,300 (1,369 ) 931 Trademarks/tradenames 4.1 1,400 (907 ) 493 Total $ 8,627 $ (5,919 ) $ 2,708 As of December 31, 2020 Remaining Weighted Average Useful Life Gross Amount Accumulated Amortization Net Carrying Amount (in years) (in thousands) Developed technology 2.1 $ 4,927 $ (3,469 ) $ 1,458 Customer relationships 3.1 2,300 (1,287 ) 1,013 Trademarks/tradenames 4.2 1,400 (856 ) 544 Total $ 8,627 $ (5,612 ) $ 3,015
Summary of Amortization Recorded in Consolidated Statements of Operations	Amortization condensed Three Months Ended March 31, 2021 2020 (in thousands) Platform operations $ 175 $ 175 Sales and marketing — — Technology and development — — General and administrative 132 132 Total $ 307 $ 307
Summary of Estimated Future Amortization of Intangible Assets	Estimated amortization As of March 31, 2021 Year (in thousands) Remainder of 2021 $ 923 2022 1,119 2023 467 2024 107 2025 80 Thereafter 12 Total $ 2,708

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Payables And Accruals [Abstract]
Summary of Accrued Liabilities	The Company’s As of March 31, As of December 31, 2021 2020 (in thousands) Accrued traffic acquisition costs $ 11,337 $ 22,667 Other accrued liabilities 1,883 2,010 Total accrued liabilities $ 13,220 $ 24,677

Long-Term Debt and Revolving _2

Long-Term Debt and Revolving Credit Facility (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of Debt and Revolving Credit Facilities	The Company’s As of March 31, As of December 31, 2021 2020 (in thousands) Revolving credit facility $ 17,500 $ 17,500 Paycheck Protection Program Loan 6,035 6,035 Total debt 23,535 23,535 Less: Current portion of long-term debt (5,365 ) (3,353 ) Total long-term debt $ 18,170 $ 20,182

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Stock-based Compensation	Stock-based compensation recorded in the condensed consolidated statements of operations was as follows: Three Months Ended March 31, 2021 2020 (in thousands) Platform operations $ 3,161 $ — Sales and marketing 6,813 — Technology and development 2,939 — General and administrative 4,177 — Total $ 17,090 $ —
Summary of RSU Activity	The following summarizes RSU activity during the three months ended March 31, 2021: Number of Shares (in thousands) RSUs outstanding as of December 31, 2020 $ — Granted 6,208 Vested — Canceled/forfeited (26 ) RSUs outstanding as of March 31, 2021 $ 6,182

Earnings (Loss) Per Share_Unit

Earnings (Loss) Per Share/Unit (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Net Earnings (Loss) Per Share/Unit	The following table presents the calculation of basic and diluted net earnings (loss) per share/unit for the three months ended March 31, 2021, the period following the Reorganization Transactions, and for the three months ended March 31, 2020. See Note 2 for additional information related to basic and diluted net loss per share/unit. Three Months Ended March 31, 2021 2020 (in thousands, except per share/unit data) Numerator Net income (loss) $ (14,870 ) $ 329 Less: Net loss attributable to noncontrolling interests (11,766 ) — Less: Undistributed earnings attributable to participating securities — (197 ) Net loss attributable to Viant Technology Inc./common unitholders $ (3,104 ) $ 132 Denominator Weighted-average shares of Class A common stock/units outstanding—basic 11,500 400 Effect of dilutive securities: Convertible preferred units — 600 Restricted stock units — — Weighted-average shares of Class A common stock/units outstanding—diluted 11,500 1,000 Earnings (loss) per share of Class A common stock/unit—basic $ (0.27 ) $ 0.33 Earnings (loss) per share of Class A common stock/unit—diluted $ (0.27 ) $ 0.33 Anti-dilutive shares/units excluded from earnings (loss) per share of Class A common stock/unit—diluted: Restricted stock units 6,196 — Shares of Class B common stock 47,436 — Total shares excluded from earnings (loss) per share of Class A common stock/unit—diluted 53,632 —

Noncontrolling Interests (Table

Noncontrolling Interests (Tables)	3 Months Ended
	Mar. 31, 2021
Noncontrolling Interest [Abstract]
Summary Ownership of Viant Technology LLC	The following table summarizes the ownership of Viant Technology LLC as of March 31, 2021: As of March 31, 2021 Owner Units Owned Ownership Percentage Viant Technology Inc. 11,500,000 19.5 % Noncontrolling interests 47,435,559 80.5 % Total 58,935,559 100.0 %

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Future Minimum Payments Under Non-cancelable Operating Leases	Future operating As of March 31, 2021 Year (in thousands) Remainder of 2021 $ 2,548 2022 2,002 2023 991 2024 124 2025 and thereafter — Total minimum payments $ 5,665

Nature of Operations - Addition

Nature of Operations - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Feb. 12, 2021	Mar. 31, 2021	Dec. 31, 2020
Nature Of Operations [Line Items]
Preferred stock, shares authorized	10,000,000	10,000,000
Common units, units outstanding		0	400,000
Proceeds from issuance of common stock, net of underwriting discounts		$ 232,500
Common stock, voting rights		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
Underwriters
Nature Of Operations [Line Items]
Common stock shares issued and sold	10,000,000
Sale of stock, price per share	$ 25
Proceeds from issuance of common stock, net of underwriting discounts	$ 250,000
Payments of stock issuance costs	$ 17,500
Class A Common Stock
Nature Of Operations [Line Items]
Common stock, shares authorized	450,000,000	450,000,000
Underwrites options exercised shares issued	1,500,000
Common stock voting rights percentage	19.50%
Percentage of voting rights of outstanding common stock	100.00%
Class B Common Stock
Nature Of Operations [Line Items]
Common stock, shares authorized	150,000,000	150,000,000
Common stock voting rights percentage	80.50%
Class B Common Stock | Viant Technology LLC
Nature Of Operations [Line Items]
Common stock shares issued for each membership unit	1
Common stock shares issued to continuing members	48,935,559
Continuing Members Class B Units | Viant Technology LLC
Nature Of Operations [Line Items]
Continuing members units exchange description		one-for-one basis
Common units, units outstanding	48,935,559
Class A Units
Nature Of Operations [Line Items]
Members equity units received in exchange of units	1,500,000
Class A Units | Viant Technology LLC
Nature Of Operations [Line Items]
Payments to acquire units	$ 232,500
Member units acquired, units	10,000,000

Basis of Presentation and Sum_4

Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2021CustomerAgencySupplier	Mar. 31, 2020CustomerAgency	Dec. 31, 2020USD ($)CustomerSupplier	Feb. 28, 2021USD ($)
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Share-based compensation arrangement by share-based payment award, initial public offering lock-up period	180 days
Tax receivable agreement required to make payments to shareholders realized percentage of tax benefits in event that exchange of units to shares	85.00%
Tax receivable agreement expected remaining tax benefit percentage	15.00%
ASU 2018-15
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle, accounting standards update, adoption date	Jan. 1, 2021
Change in accounting principle, accounting standards update, immaterial effect [true false]	true
ASU 2019-12
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Change in accounting principle, accounting standards update, adopted [true false]	true
Change in accounting principle, accounting standards update, adoption date	Jan. 1, 2021
Change in accounting principle, accounting standards update, immaterial effect [true false]	true
SOFR
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Tax receivable agreement interest payments accrued basis spread rate	5.00%
Viant Technology LLC
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Percentage of economic interest held	19.50%
Credit Concentration Risk | Accounts Receivable
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of customer	1		1
Credit Concentration Risk | Customer One | Accounts Receivable
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	14.60%		13.70%
Customer Concentration Risk | Consolidated Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of customer	2	0
Concentration risk, percentage		10.00%
Customer Concentration Risk | Customer One | Consolidated Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	17.20%
Customer Concentration Risk | Customer Two | Consolidated Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	11.10%
Advertising Agency Risk | Consolidated Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of advertising agency | Agency	1	3
Advertising Agency Risk | Consolidated Revenue | Advertising Agency One
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	13.50%	13.90%
Advertising Agency Risk | Consolidated Revenue | Advertising Agency Two
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage		11.70%
Advertising Agency Risk | Consolidated Revenue | Advertising Agency Three
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage		11.40%
Supplier Concentration Risk | Accounts Payable and Accrued Liabilities
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of supplier | Supplier	1		3
Supplier Concentration Risk | Accounts Payable and Accrued Liabilities | Supplier One
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	13.30%		15.50%
Supplier Concentration Risk | Accounts Payable and Accrued Liabilities | Supplier Two
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage			11.50%
Supplier Concentration Risk | Accounts Payable and Accrued Liabilities | Supplier Three
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage			10.90%
IPO
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Deferred offering costs capitalized | $			$ 2.2	$ 4.3

Basis of Presentation and Sum_5

Basis of Presentation and Summary of Significant Accounting Policies - Summary of Changes in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Balance as of December 31, 2020	$ 335
Recovery of doubtful accounts	(194)	$ (197)
Write-offs, net of recoveries	(126)
Balance as of March 31, 2021	$ 15

Revenue - Summary of Disaggrega

Revenue - Summary of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Disaggregation Of Revenue [Line Items]
Revenue	$ 40,144	$ 38,160
Over-Time Revenue
Disaggregation Of Revenue [Line Items]
Revenue	1,105	1,273
Point-in-Time Revenue
Disaggregation Of Revenue [Line Items]
Revenue	$ 39,039	$ 36,887

Revenue - Additional Informatio

Revenue - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Contract with customer, liability, revenue recognized	$ 0.5
Expected Duration of Greater Than One Year
Disaggregation Of Revenue [Line Items]
Revenue, remaining performance obligation amount	7.8	$ 8.3
Expected to be Recognized within One Year
Disaggregation Of Revenue [Line Items]
Revenue, remaining performance obligation amount	$ 1.9	$ 3.6

Property, Equipment and Softw_3

Property, Equipment and Software, Net - Schedule of Major Classes of Property, Equipment and Software (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Total property, equipment and software	$ 53,139	$ 48,436
Less: Accumulated depreciation	(36,720)	(34,607)
Total property, equipment and software, net	16,419	13,829
Capitalized Software Development Costs
Property Plant And Equipment [Line Items]
Total property, equipment and software	48,187	43,627
Computer Equipment
Property Plant And Equipment [Line Items]
Total property, equipment and software	1,708	1,575
Purchased Software
Property Plant And Equipment [Line Items]
Total property, equipment and software	32	32
Furniture, Fixtures and Office Equipment
Property Plant And Equipment [Line Items]
Total property, equipment and software	1,087	1,087
Leasehold Improvements
Property Plant And Equipment [Line Items]
Total property, equipment and software	$ 2,125	$ 2,115

Property, Equipment and Softw_4

Property, Equipment and Software, Net - Schedule of Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property Plant And Equipment [Line Items]
Depreciation	$ 2,120	$ 2,307
Platform Operations
Property Plant And Equipment [Line Items]
Depreciation	1,578	1,762
Technology and Development
Property Plant And Equipment [Line Items]
Depreciation	381	401
General and Administrative
Property Plant And Equipment [Line Items]
Depreciation	$ 161	$ 144

Property, Equipment and Softw_5

Property, Equipment and Software, Net - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property Plant And Equipment [Line Items]
Interest cost incurred	$ 200,000	$ 300,000
Capitalized Software Development Costs
Property Plant And Equipment [Line Items]
Interest cost incurred	$ 5,000

Intangible Assets, Net - Summar

Intangible Assets, Net - Summary of Balances of Intangibles Assets and Accumulated Amortization (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Finite Lived Intangible Assets [Line Items]
Gross Amount	$ 8,627	$ 8,627
Accumulated Amortization	(5,919)	(5,612)
Net Carrying Amount	$ 2,708	$ 3,015
Developed Technology
Finite Lived Intangible Assets [Line Items]
Remaining Weighted Average Useful Life	1 year 9 months 18 days	2 years 1 month 6 days
Gross Amount	$ 4,927	$ 4,927
Accumulated Amortization	(3,643)	(3,469)
Net Carrying Amount	$ 1,284	$ 1,458
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Remaining Weighted Average Useful Life	2 years 9 months 18 days	3 years 1 month 6 days
Gross Amount	$ 2,300	$ 2,300
Accumulated Amortization	(1,369)	(1,287)
Net Carrying Amount	$ 931	$ 1,013
Trademarks/Tradenames
Finite Lived Intangible Assets [Line Items]
Remaining Weighted Average Useful Life	4 years 1 month 6 days	4 years 2 months 12 days
Gross Amount	$ 1,400	$ 1,400
Accumulated Amortization	(907)	(856)
Net Carrying Amount	$ 493	$ 544

Intangible Assets, Net - Summ_2

Intangible Assets, Net - Summary of Amortization Recorded in Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Finite Lived Intangible Assets [Line Items]
Amortization	$ 307	$ 307
Platform Operations
Finite Lived Intangible Assets [Line Items]
Amortization	175	175
General and Administrative
Finite Lived Intangible Assets [Line Items]
Amortization	$ 132	$ 132

Intangible Assets, Net - Summ_3

Intangible Assets, Net - Summary of Estimated Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2021	$ 923
2022	1,119
2023	467
2024	107
2025	80
Thereafter	12
Net Carrying Amount	$ 2,708	$ 3,015

Accrued Liabilities - Summary o

Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Payables And Accruals [Abstract]
Accrued traffic acquisition costs	$ 11,337	$ 22,667
Other accrued liabilities	1,883	2,010
Total accrued liabilities	$ 13,220	$ 24,677

Long-Term Debt and Revolving _3

Long-Term Debt and Revolving Credit Facility - Schedule of Debt and Revolving Credit Facilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total debt	$ 23,535	$ 23,535
Less: Current portion of long-term debt	(5,365)	(3,353)
Total long-term debt	18,170	20,182
Revolving Credit Facility
Debt Instrument [Line Items]
Total debt	17,500	17,500
Paycheck Protection Program Loan
Debt Instrument [Line Items]
Total debt	$ 6,035	$ 6,035

Long-Term Debt and Revolving _4

Long-Term Debt and Revolving Credit Facility - Additional Information (Details) - Revolving Credit Facility - Loan Agreement - PNC Bank - USD ($)	Oct. 31, 2019	Mar. 31, 2021
Line Of Credit Facility [Line Items]
Senior secured revolving credit facility initiation date	Oct. 31, 2019
Senior secured revolving credit facility, maximum borrowing capacity	$ 40,000,000
Senior secured revolving credit facility maturity date	Oct. 31, 2024
Weighted average interest rate		3.63%
Facility fee for undrawn amounts		0.375%
Line of credit facility, covenant terms		The Loan Agreement also requires that we maintain compliance with a minimum Fixed Charge Coverage Ratio (as defined in the Loan Agreement) of 1.40 to 1.00 at any time undrawn availability under the Loan Agreement is less than 25%.
Line of credit facility, covenant compliance		As of March 31, 2021, we are in compliance with all covenants
Domestic Rate Loans
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin		0.50%
Domestic Rate Loans | Minimum
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin		1.50%
Domestic Rate Loans | Maximum
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin		2.25%
LIBOR Rate Loans
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin		1.00%
LIBOR Rate Loans | Minimum
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin		3.50%
LIBOR Rate Loans | Maximum
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin		4.25%

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) shares in Thousands, $ in Millions	Feb. 12, 2021	Mar. 31, 2021
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based payment award equity instruments other than options grants in period		6,208
Unrecognized stock-based compensation expected to be recognized		$ 134.8
Unrecognized stock-based compensation expected to be recognized over a weighted-average period		2 years 2 months 12 days
2021 LTIP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares remained available for grant		5,600
2021 LTIP | Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based payment award equity instruments other than options grants in period	6,200

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock-based Compensation (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	$ 17,090
Platform Operations
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	3,161
Sales and Marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	6,813
Technology and Development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	2,939
General and Administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	$ 4,177

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of RSU Activity (Details) - Restricted Stock Units shares in Thousands	3 Months Ended
	Mar. 31, 2021shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted	6,208
Canceled/forfeited	(26)
RSUs outstanding as of March 31, 2021	6,182

Income Taxes and Tax Receivab_2

Income Taxes and Tax Receivable Agreement - Additional Information (Details) $ in Millions	3 Months Ended
	Mar. 31, 2021USD ($)
Income Tax Disclosure [Abstract]
U.S. statutory federal income tax rate	21.00%
Percentage of exclusive of non-controlling interest due to income tax expense/(benefit) not recognize on share of pre-tax book income (loss)	80.50%
Effective tax rate	0.00%
TRA liability	$ 9.1

Earnings (Loss) Per Share_Uni_2

Earnings (Loss) Per Share/Unit - Calculation of Basic and Diluted Net Earnings (Loss) Per Share/Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Numerator
Net income (loss)	$ (14,870)	$ 329
Less: Net loss attributable to noncontrolling interests	(11,766)
Less: Undistributed earnings attributable to participating securities		(197)
Net loss attributable to Viant Technology Inc./common unitholders	$ (3,104)	$ 132
Weighted-average Class A common stock/units outstanding:
Weighted-average shares of Class A common stock/units outstanding—basic	11,500	400
Effect of dilutive securities:
Convertible preferred units		600
Weighted-average shares of Class A common stock/units outstanding—diluted	11,500	1,000
Earnings (loss) per share of Class A common stock/unit—basic	$ (0.27)	$ 0.33
Earnings (loss) per share of Class A common stock/unit—diluted	$ (0.27)	$ 0.33
Anti-dilutive shares/units excluded from earnings (loss) per share of Class A common stock/unit—diluted:
Total shares excluded from earnings (loss) per share of Class A common stock/unit—diluted	53,632
Class A Common Stock
Weighted-average Class A common stock/units outstanding:
Weighted-average shares of Class A common stock/units outstanding—basic	11,500	400
Effect of dilutive securities:
Weighted-average shares of Class A common stock/units outstanding—diluted	11,500	1,000
Earnings (loss) per share of Class A common stock/unit—basic	$ (0.27)	$ 0.33
Earnings (loss) per share of Class A common stock/unit—diluted	$ (0.27)	$ 0.33
Class B Common Stock
Anti-dilutive shares/units excluded from earnings (loss) per share of Class A common stock/unit—diluted:
Total shares excluded from earnings (loss) per share of Class A common stock/unit—diluted	47,436
Restricted Stock Units
Anti-dilutive shares/units excluded from earnings (loss) per share of Class A common stock/unit—diluted:
Total shares excluded from earnings (loss) per share of Class A common stock/unit—diluted	6,196

Noncontrolling Interests - Addi

Noncontrolling Interests - Additional Information (Details)	3 Months Ended
	Mar. 31, 2021shares
Minority Interest [Line Items]
Common stock, conversion basis	continuing members of Viant Technology LLC to exchange Class B units for shares of Class A common stock on a one-for-one basis
Class A Common Stock
Minority Interest [Line Items]
Exchange units for shares of common stock	1

Noncontrolling Interests - Summ

Noncontrolling Interests - Summary Ownership of Viant Technology LLC (Details) - Viant Technology LLC	3 Months Ended
	Mar. 31, 2021shares
Minority Interest [Line Items]
Units Owned	58,935,559
Ownership Percentage	100.00%
Viant Technology Inc.
Minority Interest [Line Items]
Units Owned	11,500,000
Ownership percentage by Viant Technology Inc.	19.50%
Noncontrolling Interest
Minority Interest [Line Items]
Units Owned	47,435,559
Ownership percentage by non-controlling interests	80.50%

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Payments Under Non-cancelable Operating Leases (Details) $ in Thousands	Mar. 31, 2021USD ($)
Commitments And Contingencies Disclosure [Abstract]
Remainder of 2021	$ 2,548
2022	2,002
2023	991
2024	124
Total minimum payments	$ 5,665

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Details)	Mar. 31, 2021USD ($)
Commitments And Contingencies Disclosure [Abstract]
Contractual obligation amount	$ 0