olivLaw · US equity research
Veritone, Inc. VERI
Services-Computer Processing & Data Preparation · SIC 7374 · Vertical: Services-Computer Processing & Data Preparation (SIC 7374)
Veritone is a provider of AI computing solutions that uses its aiWARE operating system to turn structured and unstructured data into usable insights. In 2026 the company is in a cost restructuring while revenue from VDR and the public sector grows, which could support an operating recovery if this pace holds.
At the close of 04 Nov 2026, Veritone, Inc. (VERI) stock was 0.56 USD (+1.73% on the day), with market capitalisation 56.7 m USD, beta 2.30, 52-week range 0.53–6.69 USD. Latest reported quarter (Q2 2026): revenue of 24.3 m USD (+4.6% YoY), net income of -22.2 m USD, diluted EPS -0.24 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 37.3
- weak (30–45)
- Bollinger (20, 2)
- 0.51 – 0.66
- in the lower half of the band · %B 0.36 · band width 26.0%
- SMA 50 / 200
- 0.83 / 1.81
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.07 / -0.09
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −22.2% | −1.1% | −21.1 pp | — |
| 3 months | −52.9% | −0.5% | −52.5 pp | — |
| 6 months | −73.9% | +4.4% | −78.3 pp | — |
| Year to date | −87.9% | +12.3% | −100.2 pp | — |
| 1 year | −90.8% | +13.5% | −104.4 pp | −24.6% |
| 3 years | −78.3% | +76.4% | −154.7 pp | −19.7% |
| 5 years | −98.2% | +63.7% | −161.9 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22.0 m | 22.4 m | 22.5 m | 23.2 m | 26.6 m | 19.9 m | 20.3 m | 24.3 m |
| Cost of revenue | 6.3 m | 7.6 m | 7.8 m | 6.4 m | 8.4 m | 7.0 m | 6.6 m | 8.8 m |
| Research & development | 6.8 m | 5.5 m | 5.2 m | 4.9 m | 5.5 m | 5.1 m | 5.8 m | 5.9 m |
| Operating income | -22.5 m | -21.0 m | -21.6 m | -19.0 m | -18.2 m | -22.4 m | -19.4 m | -22.1 m |
| Depreciation & amortisation | 7.2 m | 7.1 m | 6.9 m | 7.2 m | 7.4 m | 5.7 m | 5.8 m | 5.8 m |
| Pre-tax income | -25.1 m | -24.4 m | -20.2 m | -25.6 m | -29.5 m | -36.6 m | -20.1 m | -22.5 m |
| Income tax | -2.6 m | -148.0 k | -326.0 k | 884.0 k | -283.0 k | -503.0 k | -613.0 k | -313.0 k |
| Net income | -21.7 m | 31.8 m | -19.9 m | -26.5 m | -29.2 m | -36.1 m | -19.5 m | -22.2 m |
| Diluted EPS | -0.57 | 0.82 ≈ | -0.41 | -0.53 | -0.45 | -0.40 ≈ | -0.21 | -0.24 |
| Operating cash flow | 3.6 m ≈ | -500.0 k | -17.0 m | -8.2 m ≈ | -15.9 m ≈ | -12.0 m | -11.5 m | -10.6 m ≈ |
| Capex | 1.7 m ≈ | 1.2 m | 1.4 m | 958.0 k ≈ | 1.2 m ≈ | 1.4 m | 534.0 k | 1.5 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27.0 m | 49.6 m | 57.7 m | 115.3 m | 149.7 m | 100.0 m | 92.6 m | 92.2 m |
| Revenue YoY | +87.7% | +83.6% | +16.2% | +99.8% | +29.9% | −33.2% | −7.4% | −0.5% |
| Net income | -61.1 m | -62.1 m | -47.9 m | -64.7 m | -25.6 m | -58.6 m | -37.4 m | -111.7 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | unavailable | -1.94 | -0.71 | -1.59 | -0.98 | -1.76 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -225.9% | -125.0% | -83.0% | -56.1% | -17.1% | -58.6% | -40.4% | -121.2% |
| Free cash flow | -45.5 m | -30.7 m | 1.3 m | 6.2 m | -1.0 m | -81.1 m | -30.8 m | -58.2 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 27.4 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 68.1 m USD
- Total assets
- 182.3 m USD
- Debt / equity
- unavailable
- Current ratio
- 0.71x
- ROE
- -273.9%
- ROA
- -58.8%
- FCF margin
- -63.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 57.7 m | 115.3 m | 149.7 m | 100.0 m | 92.6 m | 92.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Cost of revenue | 15.7 m | 22.1 m | 27.4 m | 28.3 m | 27.3 m | 29.6 m | SEC (XBRL)· 15 Apr 2026verified |
| Gross profit | 42.0 m ≈ | 93.2 m ≈ | 122.3 m ≈ | 71.7 m ≈ | 65.4 m ≈ | 62.6 m ≈ | SEC (XBRL)· 15 Apr 2026derived |
| Research & development | 14.4 m | 25.1 m | 43.6 m | 40.6 m | 26.8 m | 20.7 m | SEC (XBRL)· 15 Apr 2026verified |
| Operating income | -47.7 m | -61.4 m | -38.0 m | -99.6 m | -88.2 m | -81.3 m | SEC (XBRL)· 15 Apr 2026verified |
| Depreciation & amortisation | 6.4 m | 9.4 m | 22.5 m | 25.2 m | 28.5 m | 27.2 m | SEC (XBRL)· 15 Apr 2026verified |
| EBITDA | -41.3 m ≈ | -52.0 m ≈ | -15.5 m ≈ | -74.4 m ≈ | -59.7 m ≈ | -54.1 m ≈ | SEC (XBRL)· 15 Apr 2026derived |
| Pre-tax income | -47.8 m | -62.0 m | -23.2 m | -69.0 m | -100.2 m | -112.0 m | SEC (XBRL)· 15 Apr 2026verified |
| Income tax | 76.0 k | 2.7 m | 2.3 m | -3.3 m | -3.9 m | -228.0 k | SEC (XBRL)· 15 Apr 2026verified |
| Net income | -47.9 m | -64.7 m | -25.6 m | -58.6 m | -37.4 m | -111.7 m | SEC (XBRL)· 15 Apr 2026verified |
| Diluted EPS | — | -1.94 | -0.71 | -1.59 | -0.98 | -1.76 | SEC (XBRL)· 15 Apr 2026verified |
| Weighted average diluted shares | — | — | 36.0 m | 36.9 m | 38.0 m | 63.3 m | SEC (XBRL)· 15 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 114.8 m | 254.7 m | 184.4 m | 46.6 m | 16.9 m | 27.4 m | SEC (XBRL)· 15 Apr 2026verified |
| Receivables | 16.7 m | 85.1 m | 56.0 m | 33.9 m | 32.0 m | 36.8 m | SEC (XBRL)· 15 Apr 2026verified |
| Current assets | 156.6 m | 379.1 m | 278.0 m | 185.8 m | 59.4 m | 73.9 m | SEC (XBRL)· 15 Apr 2026verified |
| Property, plant & equipment, net | 2.4 m | 1.6 m | 5.3 m | 8.1 m | 10.1 m | 9.6 m | SEC (XBRL)· 15 Apr 2026verified |
| Goodwill | 6.9 m | 42.0 m | 46.5 m | 53.5 m | 53.1 m | 54.3 m | SEC (XBRL)· 15 Apr 2026verified |
| Intangibles (excl. goodwill) | 10.7 m | 93.9 m | 79.7 m | 83.4 m | 59.5 m | 38.6 m | SEC (XBRL)· 15 Apr 2026verified |
| Total assets | 177.7 m | 518.3 m | 424.8 m | 378.9 m | 198.1 m | 182.3 m | SEC (XBRL)· 15 Apr 2026verified |
| Accounts payable | 15.6 m | 46.7 m | 36.7 m | 16.6 m | 11.0 m | 16.5 m | SEC (XBRL)· 15 Apr 2026verified |
| Long-term debt | — | — | — | 77.5 m | 41.2 m | — | SEC (XBRL)· 01 Apr 2025verified |
| Current liabilities | 88.2 m | 191.3 m | 193.3 m | 191.9 m | 61.0 m | 103.8 m | SEC (XBRL)· 15 Apr 2026verified |
| Total liabilities | 89.4 m | 431.8 m | 344.9 m | 340.7 m | 184.6 m | 114.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Equity | 88.2 m † | 86.5 m † | 79.9 m † | 38.1 m † | 13.5 m † | 68.1 m † | SEC (XBRL)· 15 Apr 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 1.4 m | 7.2 m | 3.7 m | -76.4 m | -24.7 m | -53.2 m | SEC (XBRL)· 15 Apr 2026verified |
| Capex | 175.0 k | 1.0 m | 4.8 m | 4.7 m | 6.1 m | 5.0 m | SEC (XBRL)· 15 Apr 2026verified |
| Free cash flow | 1.3 m ≈ | 6.2 m ≈ | -1.0 m ≈ | -81.1 m ≈ | -30.8 m ≈ | -58.2 m ≈ | SEC (XBRL)· 15 Apr 2026derived |
| Investing cash flow | -119.0 k | -53.8 m | -12.1 m | -54.9 m | -1.6 m | -5.0 m | SEC (XBRL)· 15 Apr 2026verified |
| Financing cash flow | 69.4 m | 186.5 m | -61.9 m | 26.3 m | -37.1 m | 69.4 m | SEC (XBRL)· 15 Apr 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 56.7 m USD
Key indicators
Coverage and freshness
Score by group
72% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · the reported interest expense is far older than the latest period (the filer changed its XBRL tag): a stale figure is not used
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 66.2% | 65 (on a fixed band) | 15% |
| EBIT margin · Quality | -90.2% | 24 (vs peers) | 12% |
| FCF margin · Quality | -60.1% | 0 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | -14.9% | 0 (on a fixed band) | 24% |
| Revenue growth (YoY) · Growth | -0.5% | 13 (vs peers) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.5x | 0 (on a fixed band) | 9% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | -96.5% | 0 (on a fixed band) | 18% |
| Shareholder yield (distributions) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/2 factors with a value
- Growth4/100 · 2/2 factors with a value
- Quality33/100 · 3/3 factors with a value
- Returns· partialunavailable · 0/1 factors with a value
- Valuation· partial0/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Veritone, Inc. (VERI). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 92.2 m USD in 2025; YoY growth -0.5%; net margin -117.5%; ROE -517.7%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.
What contradicts it
- EBIT margin: -90.2%
- FCF margin: -60.1%
- Revenue CAGR 3Y: -14.9%
- Revenue growth (YoY): -0.5%
- Current ratio: 0.5x
- FCF yield: -96.5%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales, Shareholder yield (distributions).
Versus the vertical median
Services-Computer Processing & Data Preparation (SIC 7374) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| ADPAutomatic Data Processing, Inc. | 119.8 bn | 27.7 | 77.0% | 20.1% | +6.7% | +19% / +32% |
| WDAYWorkday, Inc. | 44.4 bn | 40.9 | 16.0% | 12.3% | +13.1% | −6% / −25% |
| VRSKVerisk Analytics, Inc. | 25.9 bn | 30.1 | — | 29.3% | +6.6% | −12% / −18% |
| ATHMAutohome Inc. | 10.4 bn | 53.5 | 6.3% | 443.2% | +11.1% | −5% / −18% |
| PEGAPegasystems Inc. | 5.6 bn | 21.3 | 51.4% | 16.9% | +16.6% | −37% / +32% |
| FAFirst Advantage Corp | 3.9 bn | 160.5 | 1.9% | 1.5% | +83.0% | +62% / +45% |
| QBTSD-Wave Quantum Inc. | 3.8 bn | — | -28.0% | -2,001.6% | +178.5% | −54% / +1,166% |
| RAMPLiveRamp Holdings, Inc. | 2.3 bn | 15.8 | 16.2% | 18.7% | +9.0% | +41% / +39% |
| GLOBGlobant S.A. | 2.1 bn | 21.0 | 5.1% | 4.2% | +1.6% | −25% / −78% |
| INODInnodata Inc | 1.5 bn | 32.8 | 37.7% | 14.7% | +47.6% | −25% / +541% |
| LZLegalZoom.com, Inc. | 1.1 bn | 56.0 | 12.1% | 2.6% | +10.9% | −26% / −40% |
| NRDSNerdWallet, Inc. | 754.4 m | 13.3 | 18.2% | 7.6% | +21.7% | −21% / +1% |
| NXTTNext Technology Holding Inc. | 736.5 m | — | -59.4% | -2,356.0% | +545.3% | −99% / −100% |
| CARSCars.com Inc. | 682.5 m | 22.4 | 7.4% | 4.7% | +0.6% | +10% / −32% |
| IBEXIBEX Limited | 593.6 m | 14.3 | 30.4% | 7.2% | +15.4% | +27% / +152% |
| SOPHSOPHiA GENETICS SA | 477.3 m | — | -110.0% | -102.2% | +18.6% | +42% / +73% |
| GRVYGravity Co., Ltd. | 475.7 m | 0.0 | 16.5% | 17.0% | −31.0% | +19% / −6% |
| EGHT8x8, Inc. | 326.4 m | 55.5 | 3.5% | 0.6% | +2.9% | +16% / −27% |
| TCXTucows Inc | 140.3 m | — | — | -21.2% | +7.7% | −42% / −41% |
| TRAKRepositrak, Inc. | 132.7 m | 18.7 | 14.9% | 32.5% | +3.0% | −46% / −29% |
| BIRDSmartbird, Inc. | 92.1 m | — | -164.0% | -72.8% | −19.7% | −68% / −91% |
| VERIVeritone, Inc. | 56.7 m | — | -517.7% | -117.5% | −0.5% | −91% / −78% |
| GMHSGamehaus Holdings Inc. | 51.4 m | 8.5 | 11.8% | 4.1% | −11.3% | −35% / −93% |
| DGNXDiginex Limited | 38.7 m | — | — | -255.5% | +57.0% | −99% / unavailable |
| CHRCheer Holding, Inc. | 14.0 m | 0.1 | 7.6% | 17.2% | +1.1% | −77% / −100% |
1- and 3-year price returns: for VERI from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Veritone is a provider of AI computing solutions that uses its aiWARE operating system to turn structured and unstructured data into usable insights. In 2026 the company is in a cost restructuring while revenue from VDR and the public sector grows, which could support an operating recovery if this pace holds.
SWOT
Strengths
- The aiWARE platform offers an open architecture that allows new AI models and applications to be added quickly 1.
- The company holds contracts with several hyperscalers for VDR and government certifications that support its entry into the public sector 23.
- Gross revenue retention has stayed above 90%, indicating a relatively stable customer base 3.
Weaknesses
- The company has recorded repeated net losses and a significant accumulated deficit, which limits financial flexibility 1.
- The number of software customers has declined in recent quarters, and the recruitment segment depends on economic conditions 2.
- Gross margins have fallen due to a mix of lower-margin revenue, which weighs on profitability 3.
Opportunities
- Rising demand for VDR and iDEMS could lift revenue if large projects become long-term recurring contracts 1.
- Partnerships with public institutions and media companies, such as those announced in 2026, could open new markets 3.
- Cost reductions could lead to operating profitability if savings are retained and revenue grows 3.
Threats
- The maturity of the convertible notes in November 2026 raises the risk of additional financing or shareholder dilution 1.
- AI regulation and facial recognition rules could raise compliance costs and limit products 1.
- Larger and better financed competitors could launch products with cost or performance advantages 1.
Risks
- Going concernhigh
Management has flagged substantial doubt about the company's ability to continue as a going concern, linked to the convertible notes maturity. If financing or asset sales do not materialize, asset values could be lower than their carrying amounts 1.
- Recurring losseshigh
The company has reported net losses in several consecutive years and expects significant ongoing spending. If revenue does not grow enough, profitability could remain out of reach 1.
- AI regulationmedium
AI legislation is developing quickly. New requirements on transparency and biometric data could raise costs and change how the company operates 1.
- Dependence on recruitmentmedium
The talent acquisition segment depends on labor demand and the economic health of employers. A drop in hiring could reduce consumption-based revenue 12.
- Long sales cycleslow
Public sector sales are slow and complex, and revenue can arrive later than development spending 1.
Investment thesis
What would need to be true (bull case)
- If VDR and iDEMS projects become large recurring contracts, software growth could continue and support an operating recovery 13.
- Cost reductions and debt reduction could meaningfully strengthen the company's financial structure over the coming years 13.
- Its position in the government market and security certifications could provide an advantage in public contracts if they expand 12.
What would break the thesis
- If the convertible notes cannot be refinanced, the company could be forced into asset sales or share issues that dilute shareholders 1.
- Falling customer numbers and declining margins could prevent a quick return to profitability, even with cost savings 23.
- Competition from larger companies and AI regulation could slow product adoption and raise costs 1.
What to watch
- Quarterly revenue trends for VDR and the public sectorQ3 2026
- Progress of the second phase of cost reductions and the savings achieved2026
- How the company repays or refinances the convertible notesnext 10-K
- Trends in gross margin and adjusted net lossQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
Veritone, Inc. describes itself as a provider of AI computing solutions whose proprietary aiWARE platform orchestrates AI models and applications to extract insights from structured and unstructured data. It generates most revenue from Software Products & Services, followed by Managed Services including content licensing and representation. According to the annual report, total revenue was 92.2 million USD in fiscal 2025, versus 92.6 million USD in 2024 1.
Operations are organized into two divisions: Commercial Enterprise, serving media, entertainment, sports, advertising and talent acquisition, and Public Sector, serving government, law enforcement and legal and compliance customers. The commercial division generates most revenue, while the public sector is treated as a near- and long-term growth area 1. The divestiture of Veritone One, completed in October 2024, moved advertising services out of continuing operations 1.
The financial position is marked by recurring losses and a going-concern assessment linked to the maturity of convertible notes in November 2026. Management reported a net loss of 111.7 million USD in fiscal 2025 1, and restructuring and cost reductions continued in the first half of 2026 23.
Segments
Managed Services
This segment includes content licensing, influencer representation and VeriAds Network. It declined in 2025, but in the second quarter of 2026 it grew year over year according to the results release 3.
Public Sector
The government and law enforcement division uses iDEMS for digital evidence management and public disclosure workflows. Management indicated that a partnership with a defense investigative division is in early deployment stages 1.
Market context
The company operates in the market for AI applied to unstructured data, which management describes as relatively new, with size and trajectory difficult to estimate 1. Total revenue has been broadly flat, and revenue for the first half of 2026 was 44.5 million USD 2. If demand for VDR and public sector solutions grows as projected, revenue could move ahead of this trend.
Market relevance also depends on AI regulation, which is expanding across several US states and the European Union. Compliance could raise costs and limit the use of certain technologies, particularly facial recognition 1.
Trends
- Growth in VDR and the public sectortailwind
Veritone Data Refinery sales and the expansion of iDEMS drove software growth in 2025, and management expects these products to support future revenue 1. If these contracts become large deployments, they could support growth figures.
- Cost reduction and recruitmentmixed
Restructuring has lowered operating costs, with annualized savings of 11.3 million USD by August 2026 23. However, the number of software customers has fallen, and demand in recruitment remains sensitive to economic conditions 2.
- Improved capital structuremixed
The company repurchased part of its convertible notes and repaid its term loan, reducing debt, and raised funds through a registered direct offering in October 2025 1. These steps could reduce liquidity risk if enough funds remain for the rest of the notes.
Competitive position
Veritone competes with larger, better financed companies that can launch competitive offerings for AI platforms handling unstructured data 1. In recruitment, competition comes from job advertising platforms and applicant tracking systems, and in media from licensing and content management providers 1.
The company's advantage could come from integrations with several cloud platforms and its FedRAMP authorization for government customers, if these remain differentiating in large contracts 12.
- Large cloud and AI providers (hyperscalers)
Major infrastructure and AI model providers could launch competitive products, as described in the risk factors.
- Large recruitment advertising platforms
Applicant tracking and job advertising programs compete for clients' recruitment budgets.
- Media content management providers
Media licensing and archive companies compete with Digital Media Hub in the media sector.
- Digital evidence management providers
Digital evidence platforms compete with iDEMS in the public and legal sectors.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report01 Oct 2026Other events · Financial statements and exhibits
- Current report01 Oct 2026Material agreement · Regulation FD disclosure · Financial statements and exhibits
- Current report (amendment)13 Aug 2026Exit or disposal costs
- Quarterly report13 Aug 2026
- Current report13 Aug 2026Results of operations · Financial statements and exhibits
- Current report16 Jul 2026Other events
- Current report10 Jul 2026Departure or appointment of officers · Amendments to articles or bylaws · Shareholder vote · Financial statements and exhibits
- Current report10 Jun 2026Exit or disposal costs
- Proxy statement26 May 2026
- Current report21 May 2026Material agreement · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Veritone, Inc. · 15 Apr 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Veritone, Inc. · 13 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Veritone, Inc. · 13 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.