DSPMEDIUM SIGNALOPPORTUNITY10-K

DSP demonstrated strong operational leverage with net income surging 254% to $8.4M while revenue grew 19% to $344.2M, indicating improving profitability and business momentum.

The company is showing clear signs of scaling efficiency as operating income jumped 247% on modest revenue growth, suggesting better cost control and margin expansion. The significant increase in stockholders' equity (+53%) combined with reduced interest expense indicates strengthening financial health and reduced leverage risk.

Comparing 2026-03-11 vs 2025-03-03View on EDGAR →
FINANCIAL ANALYSIS

DSP's financial performance shows strong operational leverage with net income increasing 254% to $8.4M and operating income rising 247% to $12.1M on 19% revenue growth to $344.2M. The balance sheet strengthened considerably with stockholders' equity rising 53% to $82.1M while interest expense was cut in half, though total liabilities increased 12% and accounts receivable grew 21% in line with revenue expansion. Overall, the financial picture signals improving profitability, operational efficiency, and reduced financial risk as the company scales its advertising technology platform.

FINANCIAL STATEMENT CHANGES
Net Income
P&L
+253.6%
$2.4M$8.4M

Net income grew 253.6% — bottom-line growth signals improving overall business health.

Operating Income
P&L
+247.3%
$3.5M$12.1M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Capital Expenditure
Cash Flow
-62.9%
$2.5M$926K

Capex reduced 62.9% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Stockholders Equity
Balance Sheet
+52.6%
$53.8M$82.1M

Equity base grew 52.6% — retained earnings accumulation or equity issuance strengthening the balance sheet.

Interest Expense
P&L
-48.7%
$885K$454K

Interest expense declined — debt repayment or refinancing at lower rates improving earnings quality.

Accounts Receivable
Balance Sheet
+20.5%
$147.0M$177.1M

Receivables grew 20.5% — monitor days sales outstanding for collection efficiency.

Revenue
P&L
+19%
$289.2M$344.2M

Revenue growing 19% — solid top-line momentum, watch margins for quality of growth.

Total Liabilities
Balance Sheet
+11.5%
$166.7M$185.9M

Liabilities increased 11.5% — monitor debt-to-equity ratio and interest coverage.

LANGUAGE CHANGES
NEW — 2026-03-11
PRIOR — 2025-03-03
ADDED
As of March 10, 2026, there were 17,755,759 shares and 45,597,216 shares of the registrant s Class A and Class B common stock, respectively, each $0.001 par value per share, outstanding.
Particularly in the environmental, social and governance ("ESG") context, for example, there are various approaches to materiality that differ from, and in many cases are more expansive than, the definition under U.S.
Once a marketer describes their campaign objectives, they can choose to maintain hands-on control over every campaign detail or have our platform autonomously execute, optimize, and measure their advertising investments.
Leveraging patented technology, our HHID technology cuts through more than 1.8 billion IP addresses and other identifiers and translates them into 125 million households.
We are a trusted partner to our customers as exemplified by our customer satisfaction rating of over 90% in 2025 based on Viant s Annual Customer Satisfaction Survey.
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REMOVED
As of February 28, 2025, there were 16,353,549 shares and 46,720,212 shares of the registrant s Class A and Class B common stock, respectively, each $0.001 par value per share, outstanding.
Particularly in the ESG context, for example, there are various approaches to materiality that differ from, and in many cases are more expansive than, the definition under U.S.
Leveraging patented technology, our HHID technology cuts through more than 1.5 billion IP addresses and other identifiers and translates them into 115 million households.
We are a trusted partner to our customers as exemplified by our customer satisfaction rating of 95% in 2024 based on Viant s Annual Customer Satisfaction Survey.
99% of respondents described their overall experience with Viant as positive, demonstrating trust and satisfaction.
+7 more — sign up free →
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