Veritone, Inc.
6.37-0.30 (-4.5%)
Oct 29, 4:00:01 PM EDT · NasdaqGM · VERI · USD
Key Stats
Market Cap
446.55MP/E (TTM)
-Basic EPS (TTM)
-2.16Dividend Yield
0%Recent Filings
8-K
VDR wins boost Veritone pipeline
Veritone secured major VDR contract wins with leading hyperscalers, doubling its pipeline and bookings to nearly $40 million since August, fueling AI training data momentum. Preliminary Q3 2025 results show revenue of $28.5 million to $28.7 million, up 30.5% from last year, yet non-GAAP net loss widened to $5.5 million to $6.0 million. VDR positions Veritone as a key player in unstructured data monetization. Debt servicing remains a pressing risk.
8-K
Veritone nets $26.8M in offering
Veritone closed a public offering on September 12, 2025, selling 9,505,705 shares at $2.63 each, plus the full over-allotment of 1,425,855 shares, netting $26.8 million after fees. Funds will support working capital, debt service, and repayment. The raise bolsters liquidity amid market pressures. Yet risks like market volatility loom.
8-K
Credit covenant eased temporarily
Veritone amended its credit agreement on August 29, 2025, easing the minimum Consolidated Liquidity covenant to $5 million through September 12, 2025, before raising it to $15 million thereafter. This temporary relief, amid prior amendments, signals ongoing liquidity pressures while maintaining lender commitments. No default exists post-amendment. Lenders hold firm.
10-Q
Q2 FY2025 results
Veritone's Q2 revenue held steady at $24.0M, flat y/y but up from Q1's $22.5M (derived), with Software Products & Services climbing 11.8% y/y to $17.5M on iDEMs and VDR momentum in public sector, while Managed Services dipped 22.3% y/y to $6.5M amid softer representation demand. Operating loss narrowed to $19.3M from $20.3M y/y, thanks to 18.9% cuts in R&D spend, though gross margin slipped to 63.9% from 68.2% on a heavier mix of lower-margin VDR deals. Cash burned $25.3M in operations for the half, offset by $29.4M in equity raises, leaving $13.6M on hand against $37.3M Term Loan (due 2027) and $91.3M Convertibles (due 2026); covenants eased to $5M liquidity through August. The October 2024 Veritone One sale for up to $104M (cash, with $18M earnout) sharpened focus on AI core. Yet debt overhang and going concern doubts loom large.
8-K
Veritone Q2 revenue flat, software up 12%
Veritone hit Q2 revenue of $24.0 million, flat year over year, but software products and services surged 12% to $17.5 million—over 45% excluding Hire—fueled by a sole-source U.S. Air Force contract for aiWARE and iDEMS deployment across the DoD. Cost cuts initiated in June promise up to $10.0 million in annual savings, with $8.0 million already locked in, while a $10.0 million equity raise bolsters liquidity. Pipeline momentum shines: Data Refinery at $20.0 million, up 100% from Q1. Guidance points to $108–115 million full-year revenue and profitability by late 2026, yet managed services dipped 22%. Equity raise shores up cash amid ongoing losses.
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