0001564590-21-044231 | 10-Q | XBRL Viewer

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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2021	Aug. 11, 2021
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Document Fiscal Period Focus	Q2
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		12,819,561
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		47,435,559

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash	$ 252,271	$ 9,629
Accounts receivable, net of allowances	63,747	89,767
Prepaid expenses and other current assets	4,219	4,487
Total current assets	320,237	103,883
Property, equipment, and software, net	20,946	13,829
Intangible assets, net	2,400	3,015
Goodwill	12,422	12,422
Other assets	373	371
Total assets	356,378	133,520
Current liabilities:
Accounts payable	24,537	29,763
Accrued liabilities	19,440	24,677
Accrued compensation	7,880	9,711
Current portion of long-term debt		3,353
Current portion of deferred revenue	1,637	2,725
Accrued member tax distributions	192	6,878
Other current liabilities	2,118	2,549
Total current liabilities	55,804	79,656
Long-term debt	17,500	20,182
Long-term portion of deferred revenue	5,617	5,612
Other long-term liabilities	405	453
Total liabilities	79,326	105,903
Commitments and contingencies (Note 12)
Convertible preferred units
2019 convertible preferred units, no par value; none issued and outstanding as of June 30, 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 June 30, 2021
Additional paid-in capital	102,040
Accumulated deficit	(6,759)
Total stockholders' equity attributable to Viant Technology Inc./members' equity	95,340	20,117
Noncontrolling interests	181,712
Total equity	277,052	20,117
Total liabilities, convertible preferred units and stockholders' equity/members' equity	356,378	$ 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 BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 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 STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Statement [Abstract]
Revenue	$ 50,411	$ 30,425	$ 90,555	$ 68,585
Operating expenses:
Platform operations	31,715	18,589	56,059	42,192
Sales and marketing	20,553	5,742	34,738	12,872
Technology and development	8,031	1,984	13,931	4,134
General and administrative	14,075	3,891	24,495	8,547
Total operating expenses	74,374	30,206	129,223	67,745
Income (loss) from operations	(23,963)	219	(38,668)	840
Interest expense, net	241	244	476	525
Other expense (income), net	1	5	(68)	16
Gain on extinguishment of debt	(6,110)		(6,110)
Total other expense (income), net	(5,868)	249	(5,702)	541
Net income (loss)	(18,095)	(30)	(32,966)	299
Less: Net loss attributable to noncontrolling interests	(14,440)		(26,206)
Net income (loss) attributable to Viant Technology Inc.	$ (3,655)	$ (30)	$ (6,760)	$ 299
Earnings (loss) per Class A common stock/unit:
Basic	$ (0.32)	$ (0.08)	$ (0.59)	$ 0.30
Diluted	$ (0.32)	$ (0.08)	$ (0.59)	$ 0.30
Weighted-average Class A common stock/units outstanding:
Basic	11,500	400	11,500	400
Diluted	11,500	400	11,500	1,000

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 Interests
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 (loss)	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, 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
Net income (loss)	299
Temporary Equity, Balance at Jun. 30, 2020		$ 7,500
Temporary Equity, Balance, Share at Jun. 30, 2020		600
Balance at Jun. 30, 2020	14,758					92,187	(77,429)
Balance, Shares at Jun. 30, 2020					400
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
Accrued member tax distributions	(356)						(356)
Net income (loss)	(30)						(30)
Temporary Equity, Balance at Jun. 30, 2020		$ 7,500
Temporary Equity, Balance, Share at Jun. 30, 2020		600
Balance at Jun. 30, 2020	14,758					92,187	(77,429)
Balance, Shares at Jun. 30, 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 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
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 (loss)	(32,966)
Balance at Jun. 30, 2021	277,052		$ 12	$ 47		102,040	(6,759)		181,712
Balance, Shares at Jun. 30, 2021			11,500	47,436
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
Accrued member tax distributions	(192)					(192)
Stock-based compensation	34,576					34,576
Net income (loss)	(18,095)						(3,655)		(14,440)
Balance at Jun. 30, 2021	$ 277,052		$ 12	$ 47		$ 102,040	$ (6,759)		$ 181,712
Balance, Shares at Jun. 30, 2021			11,500	47,436

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ (32,966)	$ 299
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	5,051	5,154
Stock-based compensation	46,777
Recovery of doubtful accounts	(200)	(140)
Loss on disposal of assets	8
Gain on extinguishment of debt	(6,110)
Changes in operating assets and liabilities:
Accounts receivable	26,220	16,307
Prepaid expenses and other assets	(1,753)	(13)
Accounts payable	(5,126)	2,204
Accrued liabilities	(4,939)	(9,122)
Accrued compensation	(1,831)	(1,012)
Deferred revenue	(1,082)	(958)
Other liabilities	(478)	(1,176)
Net cash provided by operating activities	23,571	11,543
Cash flows from investing activities:
Purchases of property and equipment	(266)	(159)
Capitalized software development costs	(3,750)	(3,678)
Net cash used in investing activities	(4,016)	(3,837)
Cash flows from financing activities:
Proceeds from Paycheck Protection Program Loan		6,035
Proceeds from issuance of common stock, net of underwriting discounts	232,500
Payment of member tax distributions	(6,805)
Payment of offering costs	(2,608)
Net cash provided by financing activities	223,087	6,035
Net increase in cash	242,642	13,741
Cash at beginning of period	9,629	4,815
Cash at end of period	252,271	18,556
Supplemental disclosure of cash flow information:
Cash paid for interest	360	650
Supplemental disclosure of non-cash investing and financing activities:
Stock-based compensation included in capitalized software development costs	7,556
Accrued member tax distributions	192	2,445
Capitalized assets financed by accounts payable and accrued liabilities	215	$ 97
Noncash gain on extinguishment of debt related to Paycheck Protection Program loan	$ 6,110

Nature of Operations

6 Months Ended

Jun. 30, 2021

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Nature of Operations

1. Nature of Operations

Viant Technology Inc. (the “Company,” “we,” “us,” “our” or “Viant”) was incorporated in the State of Delaware on October 9, 2020 for the purpose of facilitating an Initial Public Offering and other related transactions. The Company operates a demand side platform (“DSP”), Adelphic, an enterprise software platform that is used by marketers and their advertising agencies to centralize the planning, buying and measurement of their advertising across channels, including desktop, mobile, connected TV, linear TV, streaming audio and digital billboards.

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, 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. Immediately following such reclassification, the continuing members held 48,935,559 Class B units. 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 initially had 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; and

•

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 “LTIP”)

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 Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2021

Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]

Basis of Presentation and Summary of Significant Accounting Policies

2. Basis of Presentation and Summary of Significant Accounting Policies

Basis of Presentation and Principles of Consolidation

The accompanying condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information which are unaudited and include the operations of the Company, Viant Technology LLC and its wholly owned subsidiaries. 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 June 30, 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 necessary for the fair statement of its condensed consolidated balance sheet as of June 30, 2021, results of operations for the three and six months ended June 30, 2021 and 2020, and cash flows for the six months ended June 30, 2021 and 2020. The condensed consolidated 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 condensed consolidated results of operations for the three and six months ended June 30, 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 June 30, 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, accrued liabilities and debt. 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 awards granted. Since inception of the 2021 LTIP, the Company has only granted restricted stock units (“RSUs”) and nonqualified stock options. The fair value of RSUs is calculated using the closing market price of the Company’s common stock on the date of grant. The fair value of non-qualified stock options is estimated using the Black Scholes option pricing model. The Black Scholes option pricing model is impacted by the fair value of the Company’s common stock, as well as changes in certain assumptions, including but not limited to, the expected common stock price volatility over the term of the nonqualified stock options, the expected term of the nonqualified stock options, the risk-free interest rate, and the expected dividend yield.

A portion of RSUs granted as of June 30, 2021 to certain employees and board members, pursuant to the 2021 LTIP, will vest upon expiration of the 180 day IPO lock-up period and the remainder of RSUs and nonqualified stock options will 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) Per Share

Basic earnings (loss) per share is calculated by dividing the earnings (loss) attributable to Class A common stockholders by the number of weighted-average shares of Class A common stock outstanding. The Company’s RSUs, nonqualified stock options and shares of 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 RSUs, nonqualified stock options and Class B common stock under the two-class method has not been presented.

Diluted earnings (loss) per share adjusts the basic earnings (loss) per share calculation for the potential dilutive impact of common shares such as equity awards using the treasury-stock method. Diluted earnings (loss) per share considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect. Shares of our Class B common stock, RSUs, and nonqualified stock options are considered potentially dilutive shares of Class A common stock; however, related amounts have been excluded from the computation of diluted earnings (loss) per share of Class A common stock because the effect would have been anti-dilutive under the if-converted method.

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 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

The following table presents changes in the allowance for doubtful accounts for the three and six months ended June 30, 2021:

	(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
Recovery of doubtful accounts		(6	)
Write-offs, net of recoveries		(1	)
Balance as of June 30, 2021	$	8

Deferred Offering Costs

Deferred offering costs consisted primarily of accounting, legal, and other costs related to our IPO. As of December 31, 2020, the Company capitalized $2.2 million of deferred offering costs within prepaid expenses and other current assets in the condensed consolidated balance sheet. Upon consummation of the IPO which occurred in February 2021, total deferred offering costs of $4.3 million were reclassified as additional paid-in capital within stockholders’ equity and recorded against the proceeds from the offering.

Concentration of Risk

Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash and accounts receivable. The Company maintains its cash with financial institutions and its cash levels exceed the Federal Deposit Insurance Corporation (FDIC) federally insured limits. Accounts receivable include amounts due from customers with principal operations primarily in the United States.

As of June 30, 2021, no individual customers accounted for 10% of consolidated accounts receivable. As of December 31, 2020, one individual customer accounted for 13.7% of consolidated accounts receivable. For the three months ended June 30, 2021, no individual customers accounted for more than 10% of consolidated revenue. For the three months ended June 30, 2020, two individual customers accounted 13.8% and 12.8% of consolidated revenue, respectively. For the three months ended June 30, 2021, two advertising agency holding companies accounted for 14.7% and 10.0% of consolidated revenue, respectively. For the three months ended June 30, 2020, two advertising agency holding companies accounted for 16.4% and 16.2% of consolidated revenue, respectively. For the six months ended June 30, 2021, one individual customer accounted for 11.3% of consolidated revenue. For the six months ended June 30, 2020, no individual customers accounted for more than 10% of consolidated revenue. For the six months ended June 30, 2021, one advertising agency holding company accounted for 14.2% of consolidated revenue. For the six months ended June 30, 2020, two advertising agency holding companies accounted for 14.9% and 12.3% of consolidated revenue, respectively. As of June 30, 2021, one individual supplier accounted for 16.4% of consolidated accounts payable and accrued liabilities. As of December 31, 2020, three suppliers accounted for 15.5%, 11.5%, and 10.9% of consolidated accounts payable and accrued liabilities, respectively.

Income Taxes

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 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 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

On April 5, 2012, the Jumpstart Our Business Startups Act (the “JOBS Act”) was signed into law. The JOBS Act contains provisions that, among other things, reduce certain reporting requirements for qualifying public companies. As an “emerging growth

company,” the Company may, under Section 7(a)(2)(B) of the Securities Act, delay adoption of new or revised accounting standards applicable to public companies until such standards would otherwise apply to private companies. An “emerging growth company” is one with less than $1.07 billion in annual sales, has less than $700 million in market value of its shares of common stock held by non-affiliates and issues less than $1 billion of non-convertible debt over a three year period. The Company may take advantage of this extended transition period until the first to occur of the date that it (i) is no longer an “emerging growth company” or (ii) affirmatively and irrevocably opts out of this extended transition period.

The Company has elected to take advantage of the benefits of this extended transition period. Until the date that the Company is no longer an “emerging growth company” or affirmatively and irrevocably opts out of the exemption provided by Securities Act Section 7(a)(2)(B), upon issuance of a new or revised accounting standard that applies to its condensed consolidated financial statements and that has a different effective date for public and private companies, the Company will disclose the date on which it will adopt the recently issued accounting standard.

In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (Topic 842), which requires an entity to recognize right-of-use assets and lease liabilities on its balance sheet and disclose key information about leasing arrangements. The guidance offers specific accounting guidance for a lessee, lessor, and sale and leaseback transactions. Lessees and lessors are required to disclose qualitative and quantitative information about leasing arrangements to enable a user of the financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the income statement. In March 2019, the FASB issued ASU No. 2019-01 which made further targeted improvements including clarification regarding the determination of fair value of lease assets and liabilities and statement of cash flows and presentation guidance. In June 2020, FASB issued ASU 2020-05, which extended the effective date of this guidance for non-public entities to fiscal years beginning after December 15, 2021. As a part of the Company’s election under the JOBS Act, the guidance is effective for the Company’s annual reporting period beginning after December 15, 2021 and interim reporting periods within the annual period beginning after December 15, 2022. The Company is currently assessing the impact this guidance will have on the condensed consolidated financial statements.

In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326). ASU 2016-13 revises the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in more timely recognition of losses on financial instruments, including, but not limited to, available for sale debt securities and accounts receivable. The guidance is effective for the Company’s annual reporting period beginning after December 15, 2022 and interim reporting periods within that annual reporting period. The Company does not expect the adoption of this ASU to have a material impact on the condensed consolidated financial statements.

In October 2020, the FASB issued ASU No. 2020-10, Codification Improvements, which updates various codification topics by clarifying disclosure requirements to align with the SEC's regulations. The guidance is effective for the Company’s annual reporting period beginning after December 15, 2021 and interim reporting periods within the annual period beginning after December 15, 2022. The Company is currently assessing the impact this guidance will have on the condensed consolidated financial statements.

In May 2021, the FASB issued ASU No. 2021-04, Earnings Per Share (Topic 260), Debt—Modifications and Extinguishments (Subtopic 470-50), Compensation—Stock Compensation (Topic 718), and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40). The purpose of ASU 2021-04 is to clarify and reduce diversity in an issuer’s accounting for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after modification or exchange. The ASU requires issuers to account for modifications or exchanges of freestanding equity-classified written call options that remain equity classified after the modification or exchange based on the economic substance of the modification or exchange. In accordance with ASU 2021-04, an issuer determines the accounting for the modification or exchange based on whether the transaction was done to issue equity, to issue or modify debt, or for other reasons. The guidance is effective for the Company’s annual reporting period beginning after December 15, 2021 and interim reporting periods within that annual reporting period. The Company is currently assessing the impact this guidance will have on the condensed consolidated financial statements.

Recent Adopted Accounting Pronouncements

In September 2018, the FASB issued ASU No. 2018-15, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Implementation Costs Incurred in a Cloud Computing Arrangement That Is a Service Contract (a consensus of the FASB Emerging Issues Task Force), which aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. Early adoption is permitted and can be applied prospectively to all implementation costs incurred after the date of adoption or retrospectively. This guidance is effective for the Company’s annual reporting period beginning after

December 15, 2020. The Company adopted this ASU prospectively on January 1, 2021, and the adoption of this ASU did not have a material impact on the condensed consolidated financial statements.

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.

Revenue

6 Months Ended

Jun. 30, 2021

Revenue From Contract With Customer [Abstract]

Revenue

3. Revenue

The disaggregation of revenue was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Over-time revenue	$	1,105	$	1,071	$	2,209	$	2,343
Point-in-time revenue		49,306		29,354		88,346		66,242
Total revenue	$	50,411	$	30,425	$	90,555	$	68,585

Remaining performance obligations for contracts with an original expected duration of greater than one year amounted to $7.3 million and $9.2 million as of June 30, 2021 and December 31, 2020, respectively, which primarily relate to deferred revenue and analytic services. As of June 30, 2021 and December 31, 2020, $1.6 million and $3.6 million, respectively, is expected to be recognized within one year, with the remaining amounts expected to be recognized thereafter.

During the six months ended June 30, 2021, we recognized $1.1 million of revenue related to amounts that were included in deferred revenue as of December 31, 2020. The revenue recognized from the contract liabilities consisted of the Company satisfying performance obligations during the normal course of business. Deferred revenue that is anticipated to be recognized during the succeeding 12-month period is recorded in the current portion of deferred revenue and the remaining amount is recorded as non-current portion of deferred revenue within the condensed consolidated balance sheets.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI http://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Property, Equipment and Software, Net

6 Months Ended

Jun. 30, 2021

Property Plant And Equipment [Abstract]

Property, Equipment and Software, Net

4. Property, Equipment and Software, Net

Major classes of property, equipment and software were as follows:

	As of June 30,			As of December 31,
	2021			2020
	(in thousands)
Capitalized software development costs	$	54,933		$	43,627
Computer equipment		1,794			1,575
Purchased software		32			32
Furniture, fixtures and office equipment		1,097			1,087
Leasehold improvements		2,125			2,115
Total property, equipment and software		59,981			48,436
Less: Accumulated depreciation		(39,035	)		(34,607	)
Total property, equipment and software, net	$	20,946		$	13,829

Depreciation recorded in the condensed consolidated statements of operations was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Platform operations	$	1,766	$	1,678	$	3,344	$	3,440
Sales and marketing		—		—		—		—
Technology and development		383		402		763		803
General and administrative		168		153		330		297
Total	$	2,317	$	2,233	$	4,437	$	4,540

For the three months ended June 30, 2021 and 2020, total interest cost incurred was $0.2 million and $0.3 million, respectively. For the six months ended June 30, 2021 and 2020, total interest cost incurred was $0.5 million and $0.6 million, respectively. Interest costs capitalized during the three and six months ended June 30, 2021 and 2020 were de minimis.

Intangible Assets, Net

6 Months Ended

Jun. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

5. Intangible Assets, Net

The balances of intangibles assets and accumulated amortization are as follows:

	As of June 30, 2021
	Remaining Weighted Average Useful Life		Gross Amount		Accumulated Amortization			Net Carrying Amount
	(in years)		(in thousands)
Developed technology		1.6	$	4,927	$	(3,819	)	$	1,108
Customer relationships		2.6		2,300		(1,451	)		849
Trademarks/tradenames		4.0		1,400		(957	)		443
Total			$	8,627	$	(6,227	)	$	2,400

	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 recorded in the condensed consolidated statements of operations was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Platform operations	$	175	$	175	$	350	$	350
Sales and marketing		—		—		—		—
Technology and development		—		—		—		—
General and administrative		132		132		264		264
Total	$	307	$	307	$	614	$	614

Estimated future amortization of intangible assets as of June 30, 2021 is as follows:

	As of June 30, 2021
Year	(in thousands)
Remainder of 2021	$	615
2022		1,119
2023		467
2024		107
2025		80
Thereafter		12
Total	$	2,400

Accrued Liabilities

6 Months Ended

Jun. 30, 2021

Payables And Accruals [Abstract]

Accrued Liabilities

6. Accrued Liabilities

The Company’s accrued liabilities consisted of the following:

	As of June 30,		As of December 31,
	2021		2020
	(in thousands)
Accrued traffic acquisition costs	$	17,276	$	22,667
Other accrued liabilities		2,164		2,010
Total accrued liabilities	$	19,440	$	24,677

Long-Term Debt and Revolving Credit Facility

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Long-Term Debt and Revolving Credit Facility

7. Long-Term Debt and Revolving Credit Facility

The Company’s debt and revolving credit facilities consisted of the following:

	As of June 30,		As of December 31,
	2021		2020
	(in thousands)
Revolving credit facility	$	17,500	$	17,500
Paycheck Protection Program Loan		—		6,035
Total debt		17,500		23,535
Less: Current portion of long-term debt		—		(3,353	)
Total long-term debt	$	17,500	$	20,182

As of December 31, 2020, the current portion of long-term debt related to the Paycheck Protection Program (“PPP”) Loan. The carrying value of the revolving credit facility as of June 30, 2021 and December 31, 2020 approximated its fair value as the interest rate is variable and approximates prevailing market interest rates for similar debt arrangements. The carrying value of the PPP Loan as of December 31, 2020 approximated its fair value which was estimated using quoted market prices, based on estimated incremental borrowing rates for similar types of borrowing arrangements.

PPP Loan

On April 14, 2020, the Company received the proceeds from a loan in the amount of approximately $6.0 million (the “PPP Loan”) from PNC Bank, as lender, pursuant to the PPP of the Coronavirus Aid, Relief, and Economic Security Act. The Company accounted for the PPP Loan as a financial liability in accordance with ASC Topic 470, Debt. Accordingly, the PPP Loan was recognized within long-term debt and current portion of long-term debt in the Company’s consolidated balance sheet and the related accrued interest was included within accrued liabilities in the Company’s consolidated balance sheet as of December 31, 2020. In June 2021, the Company received notice of forgiveness of the PPP Loan in whole, including all accrued unpaid interest. The Company recorded the forgiveness of approximately $6.0 million of principal and $0.1 million of accrued interest, which is included in gain on extinguishment of debt on the condensed consolidated statements of operations for the three and six months ended June 30, 2021.

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 for the three and six months ended June 30, 2021 was 3.61% and 3.64%, respectively. 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 June 30, 2021, we are in compliance with all covenants.

Stock-Based Compensation

6 Months Ended

Jun. 30, 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. On February 12, 2021, 6.2 million RSUs were granted under the Company’s 2021 LTIP. 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 June 30, 2021, the Company has currently only granted RSUs and nonqualified stock options. Under the Company’s 2021 LTIP, 5.6 million shares remained available for grant as of June 30, 2021.

Stock-Based Compensation

Stock-based compensation recorded in the condensed consolidated statements of operations was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Platform operations	$	5,540	$	—	$	8,701	$	—
Sales and marketing		11,914		—		18,727		—
Technology and development		5,029		—		7,968		—
General and administrative		7,203		—		11,381		—
Total	$	29,686	$	—	$	46,777	$	—

RSUs

The following summarizes RSU activity:

	Number of Shares
	(in thousands)			Weighted-Average Grant-Date Fair Value
RSUs outstanding as of December 31, 2020		—		$	—
Granted		6,208			25.00
Vested		—			—
Canceled/forfeited		(26	)		25.00
RSUs outstanding as of March 31, 2021		6,182			25.00
Granted		66			26.10
Vested		—			—
Canceled/forfeited		(64	)		25.01
RSUs outstanding as of June 30, 2021		6,184		$	25.01

As of June 30, 2021, the Company had unrecognized stock-based compensation relating to RSUs of approximately $100.4 million, which is expected to be recognized over a weighted-average period of 2.4 years.

Nonqualified Stock Options

The following summarizes nonqualified stock option activity:

	Number of Options		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
	(in thousands)				(in years)		(in thousands)
Options outstanding as of December 31, 2020		—	$	—
Granted		—		—
Exercised		—		—
Canceled		—		—
Expired		—		—
Options outstanding as of March 31, 2021		—		—
Granted		67		26.09
Exercised		—		—
Canceled		—		—
Expired		—		—
Options outstanding as of June 30, 2021		67	$	26.09		9.9	$	250

The weighted-average grant-date fair value of the nonqualified stock options granted during the three and six months ended June 30, 2021 was $13.04. As of June 30, 2021, there were no nonqualified stock options vested or exercisable. The Company had unrecognized stock-based compensation relating to unvested nonqualified stock options of approximately $0.8 million, which is expected to be recognized over a weighted-average period of 3.7 years, as of June 30, 2021.

The following table presents the assumptions used in the Black-Scholes model to determine the fair value of nonqualified stock options for the three and six months ended June 30, 2021. Black-Scholes assumptions have not been disclosed for any other periods presented as there were no nonqualified stock options granted in those periods.

	Three Months Ended June 30,			Six Months Ended June 30,
	2021			2021
Risk free interest rate		1.2	%		1.2	%
Expected volatility		61.1	%		61.1	%
Expected term (in years)		5.9			5.9
Expected dividend yield		0.0	%		0.0	%

Risk-Free Interest Rate. The Company bases the risk-free interest rate assumption for equity awards on the rates for U.S. Treasury securities with maturities similar to those of the expected term of the award being valued.

Expected Volatility. Due to the limited trading history of the Company’s common stock, the expected volatility assumption is based on volatilities of a peer group of similar companies whose share prices are publicly available. The Company will continue to apply this process until a sufficient amount of historical information regarding the volatility of the Company’s own stock price becomes available.

Expected Term. Given the insufficient historical data relating to nonqualified stock option exercises, the expected term assumption is based on expected terms of a peer group of similar companies whose expected terms are publicly available. The Company will continue to apply this process until a sufficient amount of historical information regarding the Company’s nonqualified stock option exercises becomes available.

Expected Dividend Yield. The Company’s expected dividend yield assumption is zero as it has never paid dividends and has no present intention to do so in the future.

Income Taxes and Tax Receivable Agreement

6 Months Ended

Jun. 30, 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, pass-through permanent differences related to forgiveness of the PPP Loan and the valuation allowance against the deferred tax asset. The Company 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 of 0.0% for the six months ended June 30, 2021.

As of June 30, 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 June 30, 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 MLTN that its deferred tax assets subject to the TRA would not be realized as of June 30, 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 June 30, 2021, the total unrecorded TRA liability is approximately $9.1 million. If utilization of the deferred tax assets subject to the TRA becomes MLTN 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.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Earnings (Loss) Per Share/Unit

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Earnings (Loss) Per Share/Unit

10. Earnings (Loss) Per Share/Unit

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 the three and six months ended June 30, 2020 reflects units of the membership structure prior to the Reorganization Transactions.

For the three and six months ended June 30, 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 considering all potentially dilutive shares of Class A common stock outstanding during the period.

For the three and six months ended June 30, 2020, basic earnings (loss) per unit represents net income (loss) divided by the weighted-average number of units outstanding. Diluted net income (loss) per share has been computed in a manner consistent with that of basic net loss per share while considering all shares of potentially dilutive common units that were outstanding during the period, inclusive of the convertible preferred units using the if-converted method and the incentive common units using the treasury stock method, if dilutive. For the three and six months ended June 30, 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 undistributed earnings for the three and six months ended June 30, 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 and six months ended June 30, 2021, the period following the Reorganization Transactions, and for the three and six months ended June 30, 2020. See Note 2 for additional information related to basic and diluted net loss per share/unit.

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
	(in thousands, except per share/unit data)						(in thousands, except per share/unit data)
Numerator
Net income (loss)	$	(18,095	)	$	(30	)	$	(32,966	)	$	299
Less: Net loss attributable to noncontrolling interests		(14,440	)		—			(26,206	)		—
Less: Undistributed earnings attributable to participating securities		—			—			—			(179	)
Net income (loss) attributable to Viant Technology Inc./common unitholders	$	(3,655	)	$	(30	)	$	(6,760	)	$	120
Denominator
Weighted-average shares of Class A common stock/units outstanding—basic		11,500			400			11,500			400
Convertible preferred units		—			—			—			600
Weighted-average shares of Class A common stock/units outstanding—diluted		11,500			400			11,500			1,000

Earnings (loss) per share of Class A common stock/unit—basic	$	(0.32	)	$	(0.08	)	$	(0.59	)	$	0.30
Earnings (loss) per share of Class A common stock/unit—diluted	$	(0.32	)	$	(0.08	)	$	(0.59	)	$	0.30

Anti-dilutive shares/units excluded from earnings (loss) per share of Class A common stock/unit—diluted:
Convertible preferred units		—			600			—			—
Restricted stock units		6,184			—			6,184			—
Non-qualified stock options		67			—			67			—
Shares of Class B common stock		47,436			—			47,436			—
Total shares excluded from earnings (loss) per share of Class A common stock/unit—diluted		53,687			600			53,687			—

Noncontrolling Interests

6 Months Ended

Jun. 30, 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. Changes in the Company’s ownership interest in Viant Technology LLC while retaining control of Viant Technology LLC will be accounted for as equity transactions. As such, future redemptions or direct exchanges of Class B units in Viant Technology LLC by the other members will result in a change in ownership, reduce the amount recorded as noncontrolling interest and increase additional paid-in capital.

The following table summarizes the ownership of Viant Technology LLC:

	As of June 30, 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

6 Months Ended

Jun. 30, 2021

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

12. Commitments and Contingencies

Lease Commitments

The Company conducts its operations in 10 office spaces around the United States that are under operating leases that expire over the next ten years. Rent expense on operating leases was $1.0 million and $1.0 million for the three months ended June 30, 2021 and 2020, respectively, and $2.0 million and $2.1 million for the six months ended June 30, 2021 and 2020, respectively. The current portion of deferred rent of $0.2 million and $0.4 million as of June 30, 2021 and December 31, 2020, respectively, is included in other current liabilities. The non-current portion of deferred rent of $0.4 million and $0.5 million as of June 30, 2021 and December 31, 2020, respectively, is included in other long-term liabilities.

Future minimum payments under the Company’s non-cancelable operating leases, which are primarily related to office leases, as of June 30, 2021 are as follows:

	As of June 30, 2021
Year	(in thousands)
Remainder of 2021	$	1,735
2022		2,190
2023		1,156
2024		273
2025 and thereafter		217
Total minimum payments	$	5,571

Legal Matters

From time to time, the Company is subject to various legal proceedings and claims, either asserted or unasserted, that arise in the ordinary course of business. Although the outcome of the various legal proceedings and claims cannot be predicted with certainty, management does not believe that any of these proceedings or other claims will have a material effect on the Company’s business, financial condition, results of operations or cash flows.

Guarantees and Indemnities

The Company has made no significant contractual guarantees for the benefit of third parties. However, in the ordinary course of business, the Company may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners and other parties with respect to certain matters, including, but not limited to, losses arising out of breach of such agreements, services to be provided by the Company or intellectual property infringement claims made by third parties. In addition, the Company has entered into indemnification agreements with directors and certain officers and employees that will require the Company, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors, officers or employees. The Company is not aware of indemnification claims that could have a material effect on the Company’s condensed consolidated financial statements. Accordingly, no amounts for any obligation have been recorded as of June 30, 2021.

Subsequent Events

6 Months Ended

Jun. 30, 2021

Subsequent Events [Abstract]

Subsequent Events

13. Subsequent Events

On August 5, 2021, the Board of Directors approved the Company to purchase Class A common stock at fair value upon vesting of RSUs to satisfy minimum statutory tax obligations paid by the Company on behalf of plan participants.

On August 9, 2021, 2.1 million RSUs vested upon expiration of the IPO lockup period. In connection with the minimum tax withholding paid on behalf of employees for the vested RSUs, the Company paid $13.7 million for the repurchase of 0.8 million Class A common shares at an average fair value price of $17.73.

Basis of Presentation and Summary of Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2021

Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]

Basis of Presentation and Principles of Consolidation

Use of Estimates

Fair Value of Financial Instruments

Stock-Based Compensation

Comprehensive Income (Loss)

For the periods presented, net income (loss) is equal to comprehensive income (loss).

Noncontrolling Interests

Earnings (Loss) Per Share

Earnings (Loss) Per Unit

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

The following table presents changes in the allowance for doubtful accounts for the three and six months ended June 30, 2021:

	(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
Recovery of doubtful accounts		(6	)
Write-offs, net of recoveries		(1	)
Balance as of June 30, 2021	$	8

Deferred Offering Costs

Concentration of Risk

Income Taxes

Tax Receivable Agreement

Recent Issued Accounting Pronouncements

Recent Adopted Accounting Pronouncements

December 15, 2020. The Company adopted this ASU prospectively on January 1, 2021, and the adoption of this ASU did not have a material impact on the condensed consolidated financial statements.

Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2021

Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]

Summary of Changes in Allowance for Doubtful Accounts

The following table presents changes in the allowance for doubtful accounts for the three and six months ended June 30, 2021:

	(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
Recovery of doubtful accounts		(6	)
Write-offs, net of recoveries		(1	)
Balance as of June 30, 2021	$	8

Revenue (Tables)

6 Months Ended

Jun. 30, 2021

Revenue From Contract With Customer [Abstract]

Summary of Disaggregation of Revenue

The disaggregation of revenue was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Over-time revenue	$	1,105	$	1,071	$	2,209	$	2,343
Point-in-time revenue		49,306		29,354		88,346		66,242
Total revenue	$	50,411	$	30,425	$	90,555	$	68,585

Property, Equipment and Software, Net (Tables)

6 Months Ended

Jun. 30, 2021

Property Plant And Equipment [Abstract]

Schedule of Major Classes of Property, Equipment and Software

Major classes of property, equipment and software were as follows:

	As of June 30,			As of December 31,
	2021			2020
	(in thousands)
Capitalized software development costs	$	54,933		$	43,627
Computer equipment		1,794			1,575
Purchased software		32			32
Furniture, fixtures and office equipment		1,097			1,087
Leasehold improvements		2,125			2,115
Total property, equipment and software		59,981			48,436
Less: Accumulated depreciation		(39,035	)		(34,607	)
Total property, equipment and software, net	$	20,946		$	13,829

Schedule of Depreciation

Depreciation recorded in the condensed consolidated statements of operations was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Platform operations	$	1,766	$	1,678	$	3,344	$	3,440
Sales and marketing		—		—		—		—
Technology and development		383		402		763		803
General and administrative		168		153		330		297
Total	$	2,317	$	2,233	$	4,437	$	4,540

Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Balances of Intangibles Assets and Accumulated Amortization

The balances of intangibles assets and accumulated amortization are as follows:

	As of June 30, 2021
	Remaining Weighted Average Useful Life		Gross Amount		Accumulated Amortization			Net Carrying Amount
	(in years)		(in thousands)
Developed technology		1.6	$	4,927	$	(3,819	)	$	1,108
Customer relationships		2.6		2,300		(1,451	)		849
Trademarks/tradenames		4.0		1,400		(957	)		443
Total			$	8,627	$	(6,227	)	$	2,400

	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 recorded in the condensed consolidated statements of operations was as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Platform operations	$	175	$	175	$	350	$	350
Sales and marketing		—		—		—		—
Technology and development		—		—		—		—
General and administrative		132		132		264		264
Total	$	307	$	307	$	614	$	614

Summary of Estimated Future Amortization of Intangible Assets

Estimated future amortization of intangible assets as of June 30, 2021 is as follows:

	As of June 30, 2021
Year	(in thousands)
Remainder of 2021	$	615
2022		1,119
2023		467
2024		107
2025		80
Thereafter		12
Total	$	2,400

Accrued Liabilities (Tables)

6 Months Ended

Jun. 30, 2021

Payables And Accruals [Abstract]

Summary of Accrued Liabilities

The Company’s accrued liabilities consisted of the following:

	As of June 30,		As of December 31,
	2021		2020
	(in thousands)
Accrued traffic acquisition costs	$	17,276	$	22,667
Other accrued liabilities		2,164		2,010
Total accrued liabilities	$	19,440	$	24,677

Long-Term Debt and Revolving Credit Facility (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of Debt and Revolving Credit Facilities

The Company’s debt and revolving credit facilities consisted of the following:

	As of June 30,		As of December 31,
	2021		2020
	(in thousands)
Revolving credit facility	$	17,500	$	17,500
Paycheck Protection Program Loan		—		6,035
Total debt		17,500		23,535
Less: Current portion of long-term debt		—		(3,353	)
Total long-term debt	$	17,500	$	20,182

Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
	(in thousands)				(in thousands)
Platform operations	$	5,540	$	—	$	8,701	$	—
Sales and marketing		11,914		—		18,727		—
Technology and development		5,029		—		7,968		—
General and administrative		7,203		—		11,381		—
Total	$	29,686	$	—	$	46,777	$	—

Summary of RSU Activity

The following summarizes RSU activity:

	Number of Shares
	(in thousands)			Weighted-Average Grant-Date Fair Value
RSUs outstanding as of December 31, 2020		—		$	—
Granted		6,208			25.00
Vested		—			—
Canceled/forfeited		(26	)		25.00
RSUs outstanding as of March 31, 2021		6,182			25.00
Granted		66			26.10
Vested		—			—
Canceled/forfeited		(64	)		25.01
RSUs outstanding as of June 30, 2021		6,184		$	25.01

Summary of Nonqualified Stock Option Activity

The following summarizes nonqualified stock option activity:

	Number of Options		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
	(in thousands)				(in years)		(in thousands)
Options outstanding as of December 31, 2020		—	$	—
Granted		—		—
Exercised		—		—
Canceled		—		—
Expired		—		—
Options outstanding as of March 31, 2021		—		—
Granted		67		26.09
Exercised		—		—
Canceled		—		—
Expired		—		—
Options outstanding as of June 30, 2021		67	$	26.09		9.9	$	250

Summary of Assumptions used in Black-Scholes Model to Determine Fair Value of Nonqualified Stock Options Granted

	Three Months Ended June 30,			Six Months Ended June 30,
	2021			2021
Risk free interest rate		1.2	%		1.2	%
Expected volatility		61.1	%		61.1	%
Expected term (in years)		5.9			5.9
Expected dividend yield		0.0	%		0.0	%

Earnings (Loss) Per Share/Unit (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

Calculation of Basic and Diluted Net Earnings (Loss) Per Share/Unit

	Three Months Ended June 30,						Six Months Ended June 30,
	2021			2020			2021			2020
	(in thousands, except per share/unit data)						(in thousands, except per share/unit data)
Numerator
Net income (loss)	$	(18,095	)	$	(30	)	$	(32,966	)	$	299
Less: Net loss attributable to noncontrolling interests		(14,440	)		—			(26,206	)		—
Less: Undistributed earnings attributable to participating securities		—			—			—			(179	)
Net income (loss) attributable to Viant Technology Inc./common unitholders	$	(3,655	)	$	(30	)	$	(6,760	)	$	120
Denominator
Weighted-average shares of Class A common stock/units outstanding—basic		11,500			400			11,500			400
Convertible preferred units		—			—			—			600
Weighted-average shares of Class A common stock/units outstanding—diluted		11,500			400			11,500			1,000

Earnings (loss) per share of Class A common stock/unit—basic	$	(0.32	)	$	(0.08	)	$	(0.59	)	$	0.30
Earnings (loss) per share of Class A common stock/unit—diluted	$	(0.32	)	$	(0.08	)	$	(0.59	)	$	0.30

Anti-dilutive shares/units excluded from earnings (loss) per share of Class A common stock/unit—diluted:
Convertible preferred units		—			600			—			—
Restricted stock units		6,184			—			6,184			—
Non-qualified stock options		67			—			67			—
Shares of Class B common stock		47,436			—			47,436			—
Total shares excluded from earnings (loss) per share of Class A common stock/unit—diluted		53,687			600			53,687			—

Noncontrolling Interests (Tables)

6 Months Ended

Jun. 30, 2021

Noncontrolling Interest [Abstract]

Summary Ownership of Viant Technology LLC

The following table summarizes the ownership of Viant Technology LLC:

	As of June 30, 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 (Tables)

6 Months Ended

Jun. 30, 2021

Commitments And Contingencies Disclosure [Abstract]

Future Minimum Payments Under Non-cancelable Operating Leases

Future minimum payments under the Company’s non-cancelable operating leases, which are primarily related to office leases, as of June 30, 2021 are as follows:

	As of June 30, 2021
Year	(in thousands)
Remainder of 2021	$	1,735
2022		2,190
2023		1,156
2024		273
2025 and thereafter		217
Total minimum payments	$	5,571

Nature of Operations - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands		6 Months Ended
	Feb. 12, 2021	Jun. 30, 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 initially had 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	$ 25.00
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 Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021 Customer Agency Supplier	Jun. 30, 2020 Customer Agency	Jun. 30, 2021 Customer Agency Supplier	Jun. 30, 2020 Customer Agency	Dec. 31, 2020 USD ($) Customer Supplier	Feb. 28, 2021 USD ($)
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		true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2021		Jan. 01, 2021
Change in accounting principle, accounting standards update, immaterial effect [true false]	true		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		true
Change in accounting principle, accounting standards update, adoption date	Jan. 01, 2021		Jan. 01, 2021
Change in accounting principle, accounting standards update, immaterial effect [true false]	true		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%		19.50%
Credit Concentration Risk \| Accounts Receivable
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of customer			0		1
Concentration risk, percentage			10.00%
Credit Concentration Risk \| Customer One \| Accounts Receivable
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage					13.70%
Customer Concentration Risk \| Consolidated Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of customer	0	2	1	0
Concentration risk, percentage	10.00%			10.00%
Customer Concentration Risk \| Customer One \| Consolidated Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage		13.80%	11.30%
Customer Concentration Risk \| Customer Two \| Consolidated Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage		12.80%
Advertising Agency Risk \| Consolidated Revenue
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of advertising agency \| Agency	2	2	1	2
Advertising Agency Risk \| Consolidated Revenue \| Advertising Agency One
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	14.70%	16.40%	14.20%	14.90%
Advertising Agency Risk \| Consolidated Revenue \| Advertising Agency Two
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Concentration risk, percentage	10.00%	16.20%		12.30%
Supplier Concentration Risk \| Accounts Payable and Accrued Liabilities
Basis Of Presentation And Summary Of Significant Accounting Policies [Line Items]
Number of supplier \| Supplier	1		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			16.40%		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 Summary of Significant Accounting Policies - Summary of Changes in Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020
Basis Of Presentation And Summary Of Significant Accounting Policies [Abstract]
Balance as of December 31, 2020	$ 15	$ 335	$ 335
Recovery of doubtful accounts	(6)	(194)	(200)	$ (140)
Write-offs, net of recoveries	(1)	(126)
Balance as of March 31, 2021	$ 8	$ 15	$ 8

Revenue - Summary of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation Of Revenue [Line Items]
Revenue	$ 50,411	$ 30,425	$ 90,555	$ 68,585
Over-Time Revenue
Disaggregation Of Revenue [Line Items]
Revenue	1,105	1,071	2,209	2,343
Point-in-Time Revenue
Disaggregation Of Revenue [Line Items]
Revenue	$ 49,306	$ 29,354	$ 88,346	$ 66,242

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Revenue - Additional Information (Details) - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Disaggregation Of Revenue [Line Items]
Contract with customer, liability, revenue recognized	$ 1.1
Expected Duration of Greater Than One Year
Disaggregation Of Revenue [Line Items]
Revenue, remaining performance obligation amount	7.3	$ 9.2
Expected to be Recognized within One Year
Disaggregation Of Revenue [Line Items]
Revenue, remaining performance obligation amount	$ 1.6	$ 3.6

Property, Equipment and Software, Net - Schedule of Major Classes of Property, Equipment and Software (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Property Plant And Equipment [Line Items]
Total property, equipment and software	$ 59,981	$ 48,436
Less: Accumulated depreciation	(39,035)	(34,607)
Total property, equipment and software, net	20,946	13,829
Capitalized Software Development Costs
Property Plant And Equipment [Line Items]
Total property, equipment and software	54,933	43,627
Computer Equipment
Property Plant And Equipment [Line Items]
Total property, equipment and software	1,794	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	1,097	1,087
Leasehold Improvements
Property Plant And Equipment [Line Items]
Total property, equipment and software	$ 2,125	$ 2,115

Property, Equipment and Software, Net - Schedule of Depreciation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property Plant And Equipment [Line Items]
Depreciation	$ 2,317	$ 2,233	$ 4,437	$ 4,540
Platform Operations
Property Plant And Equipment [Line Items]
Depreciation	1,766	1,678	3,344	3,440
Technology and Development
Property Plant And Equipment [Line Items]
Depreciation	383	402	763	803
General and Administrative
Property Plant And Equipment [Line Items]
Depreciation	$ 168	$ 153	$ 330	$ 297

Property, Equipment and Software, Net - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Property Plant And Equipment [Abstract]
Interest cost incurred	$ 0.2	$ 0.3	$ 0.5	$ 0.6

Intangible Assets, Net - Summary of Balances of Intangibles Assets and Accumulated Amortization (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2020
Finite Lived Intangible Assets [Line Items]
Gross Amount	$ 8,627	$ 8,627
Accumulated Amortization	(6,227)	(5,612)
Net Carrying Amount	$ 2,400	$ 3,015
Developed Technology
Finite Lived Intangible Assets [Line Items]
Remaining Weighted Average Useful Life	1 year 7 months 6 days	2 years 1 month 6 days
Gross Amount	$ 4,927	$ 4,927
Accumulated Amortization	(3,819)	(3,469)
Net Carrying Amount	$ 1,108	$ 1,458
Customer Relationships
Finite Lived Intangible Assets [Line Items]
Remaining Weighted Average Useful Life	2 years 7 months 6 days	3 years 1 month 6 days
Gross Amount	$ 2,300	$ 2,300
Accumulated Amortization	(1,451)	(1,287)
Net Carrying Amount	$ 849	$ 1,013
Trademarks/Tradenames
Finite Lived Intangible Assets [Line Items]
Remaining Weighted Average Useful Life	4 years	4 years 2 months 12 days
Gross Amount	$ 1,400	$ 1,400
Accumulated Amortization	(957)	(856)
Net Carrying Amount	$ 443	$ 544

Intangible Assets, Net - Summary of Amortization Recorded in Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Finite Lived Intangible Assets [Line Items]
Amortization	$ 307	$ 307	$ 614	$ 614
Platform Operations
Finite Lived Intangible Assets [Line Items]
Amortization	175	175	350	350
General and Administrative
Finite Lived Intangible Assets [Line Items]
Amortization	$ 132	$ 132	$ 264	$ 264

Intangible Assets, Net - Summary of Estimated Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2021	$ 615
2022	1,119
2023	467
2024	107
2025	80
Thereafter	12
Net Carrying Amount	$ 2,400	$ 3,015

Accrued Liabilities - Summary of Accrued Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Payables And Accruals [Abstract]
Accrued traffic acquisition costs	$ 17,276	$ 22,667
Other accrued liabilities	2,164	2,010
Total accrued liabilities	$ 19,440	$ 24,677

Long-Term Debt and Revolving Credit Facility - Schedule of Debt and Revolving Credit Facilities (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Total debt	$ 17,500	$ 23,535
Less: Current portion of long-term debt		(3,353)
Total long-term debt	17,500	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

Long-Term Debt and Revolving Credit Facility - Additional Information (Details) - USD ($)			3 Months Ended	6 Months Ended
	Apr. 14, 2021	Oct. 31, 2019	Jun. 30, 2021	Jun. 30, 2021
Revolving Credit Facility \| Loan Agreement \| PNC Bank
Line Of Credit Facility [Line Items]
Senior secured revolving credit facility initiation date		Oct. 31, 2019
Senior secured revolving credit facility, maximum borrowing capacity		$ 40,000,000.0
Senior secured revolving credit facility maturity date		Oct. 31, 2024
Weighted average interest rate			3.61%	3.64%
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 June 30, 2021, we are in compliance with all covenants
Revolving Credit Facility \| Loan Agreement \| PNC Bank \| Domestic Rate Loans
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin				0.50%
Revolving Credit Facility \| Loan Agreement \| PNC Bank \| Domestic Rate Loans \| Minimum
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin				1.50%
Revolving Credit Facility \| Loan Agreement \| PNC Bank \| Domestic Rate Loans \| Maximum
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin				2.25%
Revolving Credit Facility \| Loan Agreement \| PNC Bank \| LIBOR Rate Loans
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin				1.00%
Revolving Credit Facility \| Loan Agreement \| PNC Bank \| LIBOR Rate Loans \| Minimum
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin				3.50%
Revolving Credit Facility \| Loan Agreement \| PNC Bank \| LIBOR Rate Loans \| Maximum
Line Of Credit Facility [Line Items]
Debt instrument, basis spread on variable rate plus margin				4.25%
Paycheck Protection Program Loan
Line Of Credit Facility [Line Items]
Proceeds from loan amount	$ 6,000,000.0
Paycheck Protection Program Loan \| Principal Forgiveness
Line Of Credit Facility [Line Items]
Debt instrument forgiveness			$ 6,000,000.0	$ 6,000,000.0
Paycheck Protection Program Loan \| Accrued Interest Forgiveness
Line Of Credit Facility [Line Items]
Debt instrument forgiveness			$ 100,000	$ 100,000

Stock-Based Compensation - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended		6 Months Ended
	Feb. 12, 2021	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected dividend yield assumption		0.00%		0.00%
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		66,000	6,208,000
Unrecognized stock-based compensation expected to be recognized		$ 100.4		$ 100.4
Unrecognized stock-based compensation expected to be recognized over a weighted-average period				2 years 4 months 24 days
Nonqualified Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized stock-based compensation expected to be recognized		$ 0.8		$ 0.8
Unrecognized stock-based compensation expected to be recognized over a weighted-average period				3 years 8 months 12 days
Weighted-average grant-date fair value of stock options granted				$ 13.04
Weighted-average grant-date stock options vested				0
Weighted-average grant-date stock options exercisable		0		0
2021 LTIP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares remained available for grant		5,600,000		5,600,000
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	6,200,000

Stock-Based Compensation - Summary of Stock-based Compensation (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	$ 29,686	$ 46,777
Platform Operations
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	5,540	8,701
Sales and Marketing
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	11,914	18,727
Technology and Development
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	5,029	7,968
General and Administrative
Employee Service Share Based Compensation Allocation Of Recognized Period Costs [Line Items]
Stock-Based Compensation expense	$ 7,203	$ 11,381

Stock-Based Compensation - Summary of RSU Activity (Details) - Restricted Stock Units - $ / shares shares in Thousands	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
RSUs outstanding, beginning balance	6,182
Number of Shares, Granted	66	6,208
Number of Shares, Canceled/forfeited	(64)	(26)
RSUs outstanding, ending balance	6,184	6,182
Weighted-Average Grant-Date Fair Value of RSUs outstanding, beginning balance	$ 25.00
Weighted-Average Grant-Date Fair Value of RSUs, Granted	26.10	$ 25.00
Weighted-Average Grant-Date Fair Value of RSUs, Canceled/forfeited	25.01	25.00
Weighted-Average Grant-Date Fair Value of RSUs outstanding, ending balance	$ 25.01	$ 25.00

Stock-Based Compensation - Summary of Nonqualified Stock Option Activity (Details) - Nonqualified Stock Options $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Options, Granted \| shares	67
Number of Options outstanding, ending balance \| shares	67	67
Weighted-Average Exercise Price of Options, Granted \| $ / shares	$ 26.09
Weighted-Average Exercise Price of Options outstanding, ending balance \| $ / shares	$ 26.09	$ 26.09
Weighted-Average Remaining Contractual Term of Options outstanding		9 years 10 months 24 days
Aggregate Intrinsic Value of Options outstanding \| $	$ 250	$ 250

Stock-Based Compensation - Summary of Assumptions used in Black-Scholes Model to Determine Fair Value of Nonqualified Stock Options Granted (Details)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Risk free interest rate	1.20%	1.20%
Expected volatility	61.10%	61.10%
Expected term (in years)	5 years 10 months 24 days	5 years 10 months 24 days
Expected dividend yield	0.00%	0.00%

Income Taxes and Tax Receivable Agreement - Additional Information (Details) $ in Millions	6 Months Ended
	Jun. 30, 2021 USD ($)
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/Unit - Calculation of Basic and Diluted Net Earnings (Loss) Per Share/Unit (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator
Net income (loss)	$ (18,095)	$ (30)	$ 329	$ (32,966)	$ 299
Less: Net loss attributable to noncontrolling interests	(14,440)			(26,206)
Less: Undistributed earnings attributable to participating securities					(179)
Net income (loss) attributable to Viant Technology Inc./common unitholders	$ (3,655)	$ (30)		$ (6,760)	$ 120
Weighted-average Class A common stock/units outstanding:
Weighted-average shares of Class A common stock/units outstanding—basic	11,500	400		11,500	400
Convertible preferred units					600
Weighted-average shares of Class A common stock/units outstanding—diluted	11,500	400		11,500	1,000
Earnings (loss) per share of Class A common stock/unit—basic	$ (0.32)	$ (0.08)		$ (0.59)	$ 0.30
Earnings (loss) per share of Class A common stock/unit—diluted	$ (0.32)	$ (0.08)		$ (0.59)	$ 0.30
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	53,687	600		53,687
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		11,500	400
Weighted-average shares of Class A common stock/units outstanding—diluted	11,500	400		11,500	1,000
Earnings (loss) per share of Class A common stock/unit—basic	$ (0.32)	$ (0.08)		$ (0.59)	$ 0.30
Earnings (loss) per share of Class A common stock/unit—diluted	$ (0.32)	$ (0.08)		$ (0.59)	$ 0.30
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			47,436
Convertible Preferred 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		600
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	6,184			6,184
Non-qualified Stock Options
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	67			67

Noncontrolling Interests - Additional Information (Details)	6 Months Ended
	Jun. 30, 2021 shares
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 - Summary Ownership of Viant Technology LLC (Details) - Viant Technology LLC	6 Months Ended
	Jun. 30, 2021 shares
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 Interests
Minority Interest [Line Items]
Units Owned	47,435,559
Ownership percentage by non-controlling interests	80.50%

Commitments and Contingencies - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Commitments And Contingencies [Line Items]
Operating lease, description			The Company conducts its operations in 10 office spaces around the United States that are under operating leases that expire over the next ten years.
Lease expiration period			10 years
Rent expense	$ 1,000,000.0	$ 2,000,000.0	$ 1,000,000.0	$ 2,100,000
Contractual obligation amount	0		0
Other Current Liabilities
Commitments And Contingencies [Line Items]
Current portion of deferred rent	200,000		200,000		$ 400,000
Other Long-Term Liabilities
Commitments And Contingencies [Line Items]
Noncurrent portion of deferred rent	$ 400,000		$ 400,000		$ 500,000

Commitments and Contingencies - Future Minimum Payments Under Non-cancelable Operating Leases (Details) $ in Thousands	Jun. 30, 2021 USD ($)
Commitments And Contingencies Disclosure [Abstract]
Remainder of 2021	$ 1,735
2022	2,190
2023	1,156
2024	273
2025 and thereafter	217
Total minimum payments	$ 5,571

Subsequent Events - Additional Information (Details) - Subsequent Event shares in Millions, $ in Millions	Aug. 09, 2021 USD ($) $ / shares shares
Subsequent Event [Line Items]
RSUs vested	2.1
Class A Common Stock
Subsequent Event [Line Items]
Shares repurchased, value \| $	$ 13.7
Shares repurchased	0.8
Share repurchase, average fair value price \| $ / shares	17.73