VERI

MKT CAP:$112M

Veritone, Inc.

Market Cap

$112M

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Technology·Software Infra·🇺🇸·NASDAQ

Stock Price

$2.36-$2.43 (-50.73%)

Apr 21, 2026

Company Details

Veritone, Inc., together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom. It develops and operates aiWARE platform, an AI operating system that uses machine learni...

CEO

Ryan Scott Steelberg

IPO Date

May 12, 2017

Website

www.veritone.com

Key Metrics TTM

Revenue

$94M

-13.4% YoY

Net Income

-$111M

EPS (Diluted)

-$1.81

Free Cash Flow

-$45M

Revenue / Share

$1.04

Gross Margin

54.4%

Operating Margin

-85.4%

Net Margin

-118.0%

FCF Margin

-47.7%

P/S

1.2x

P/E

—

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Mar 26, 2026

$94MEPS -$1.75

Q4 2025

Mar 26, 2026

$18MEPS -$0.41

Q3 2025

Nov 7, 2025

$29M+32.4%EPS -$0.41

Q2 2025

Aug 8, 2025

$24MEPS -$0.54

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$16M	$11M	-$11M
Q4 20	$17M	$13M	-$12M
Q1 21	$18M	$13M	-$31M
Q2 21	$19M	$14M	-$13M
Q3 21	$23M	$17M	-$11M
Q1 22	$34M	$27M	-$21M
Q2 22	$34M	$28M	-$4M
Q3 22	$37M	$30M	-$4M
Q1 23	$30M	$23M	-$24M
Q2 23	$28M	$20M	-$28M
Q3 23	$28M	$21M	-$25M
Q3 24	$22M	$16M	-$22M
Q1 25	$22M	$15M	-$22M
Q2 25	$24M	$17M	-$19M
Q3 25	$29M	$13M	-$16M
Q4 25	$18M	$7M	-$23M

Valuation

Quarter	P/S	P/E
Q3 20	4.7x	—
Q4 20	14.7x	—
Q1 21	10.8x	—
Q2 21	9.9x	—
Q3 21	11.0x	—
Q1 22	6.8x	—
Q2 22	2.1x	—
Q3 22	1.7x	—
Q1 23	1.6x	—
Q2 23	1.1x	—
Q3 23	0.8x	—
Q3 24	1.3x	—
Q1 25	0.9x	—
Q2 25	0.6x	—
Q3 25	2.4x	—
Q4 25	2.8x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$4M	$4M
Q4 20	$151.0K	$37.0K
Q1 21	$6M	$6M
Q2 21	-$7M	-$7M
Q3 21	-$3M	-$3M
Q1 22	$10M	$9M
Q2 22	-$14M	-$16M
Q3 22	-$20M	-$22M
Q1 23	-$34M	-$35M
Q2 23	-$25M	-$26M
Q3 23	$10M	$9M
Q3 24	$4M	$2M
Q1 25	-$17M	-$18M
Q2 25	-$8M	-$9M
Q3 25	-$16M	-$17M
Q4 25	$0	$0

Capital Expenditures

Quarter	CapEx
Q3 20	$31.0K
Q4 20	$114.0K
Q1 21	$100.0K
Q2 21	$172.0K
Q3 21	$176.0K
Q1 22	$735.0K
Q2 22	$2M
Q3 22	$2M
Q1 23	$1M
Q2 23	$1M
Q3 23	$1M
Q3 24	$2M
Q1 25	$1M
Q2 25	$958.0K
Q3 25	$1M
Q4 25	$0

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+22.7%	-8.0%
Q4 20	+35.1%	+7.6%
Q1 21	+53.7%	+97.6%
Q2 21	+44.8%	+28.3%
Q3 21	+44.1%	+26.4%
Q1 22	+104.6%	+89.4%
Q2 22	+87.1%	-22.5%
Q3 22	+93.7%	+28.1%
Q1 23	+33.6%	+59.6%
Q2 23	-18.7%	+1.7%
Q3 23	-18.3%	+40.4%
Q3 24	-40.9%	+9.0%
Q1 25	-25.8%	-18.1%
Q2 25	-14.1%	-22.8%
Q3 25	+4.1%	-15.5%
Q4 25	-17.7%	-6.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$5M	32.5%
Q4 20	$6M	34.7%
Q1 21	$22M	118.1%
Q2 21	$7M	34.4%
Q3 21	$0	0.0%
Q1 22	$5M	14.1%
Q2 22	$0	0.0%
Q3 22	$5M	13.9%
Q1 23	$4M	12.9%
Q2 23	$3M	9.6%
Q3 23	$0	0.0%
Q3 24	$2M	9.9%
Q1 25	$2M	7.8%
Q2 25	$2M	7.1%
Q3 25	$0	0.0%
Q4 25	$2M	8.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 20	$4M	$12M	$5M
Q4 20	$4M	$15M	$5M
Q1 21	$5M	$32M	$6M
Q2 21	$5M	$16M	$5M
Q3 21	$5M	$15M	$6M
Q1 22	$10M	$22M	$11M
Q2 22	$11M	$2M	$13M
Q3 22	$12M	$3M	$14M
Q1 23	$12M	$17M	$13M
Q2 23	$11M	$19M	$13M
Q3 23	$10M	$18M	$11M
Q3 24	$8M	$14M	$10M
Q1 25	$5M	$14M	$10M
Q2 25	$5M	$13M	$11M
Q3 25	$5M	$13M	$11M
Q4 25	$5M	$14M	$11M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 20	22.7%	-59.6%	-36.8
Q4 20	35.1%	-63.9%	-28.8
Q1 21	53.7%	-160.1%	-106.4
Q2 21	44.8%	-59.8%	-15.1
Q3 21	44.1%	-41.1%	3.1
Q1 22	104.6%	-44.6%	60.0
Q2 22	87.1%	6.0%	93.1
Q3 22	93.7%	6.2%	99.9
Q1 23	33.6%	-53.6%	-20.0
Q2 23	-18.7%	-61.5%	-80.3
Q3 23	-18.3%	-68.2%	-86.5
Q3 24	-40.9%	-66.8%	-107.7
Q1 25	-25.8%	-46.4%	-72.2
Q2 25	-14.1%	-63.7%	-77.9
Q3 25	4.1%	-58.0%	-53.9
Q4 25	-17.7%	-57.4%	-75.1

Rule of 40

Revenue Segments

Quarter	Advertising	Ai W A R E Content Licensing And Media Services	Ai W A R E Saa S Solutions	Commercial Enterprise	Government And Regulated Industries
Q1 21	$10M	$3M	$5M	—	—
Q2 21	$10M	$4M	$6M	—	—
Q1 23	—	—	—	$29M	$1M
Q2 23	—	—	—	$26M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 21	$255M	$0	$255M
Q1 22	$238M	$0	$238M
Q2 22	$220M	$0	$220M
Q3 22	$196M	$0	$196M
Q4 22	$184M	$0	$184M
Q1 23	$140M	$0	$140M
Q2 23	$63M	$0	$63M
Q3 23	$72M	$0	$72M
Q4 23	$47M	$0	$47M
Q1 24	$91M	$0	$91M
Q2 24	$46M	$0	$46M
Q3 24	$11M	$0	$11M
Q4 24	$17M	$0	$17M
Q1 25	$16M	$0	$16M
Q2 25	$14M	$0	$14M
Q3 25	$36M	$0	$36M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	28M	+1.8%	+23.5%
Q4 20	29M	+4.7%	+17.8%
Q1 21	32M	+11.4%	+20.2%
Q2 21	33M	+1.8%	+20.7%
Q3 21	33M	+1.8%	+20.8%
Q1 22	35M	+6.4%	+22.8%
Q2 22	36M	+1.7%	+12.2%
Q3 22	36M	+0.3%	+10.6%
Q1 23	37M	+1.1%	+9.8%
Q2 23	37M	+0.7%	+3.9%
Q3 23	37M	+0.4%	+2.5%
Q3 24	38M	+3.0%	+5.2%
Q1 25	45M	+17.1%	+21.9%
Q2 25	50M	+11.3%	+34.7%
Q3 25	54M	+9.6%	+47.0%
Q4 25	90M	+65.3%	+136.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$56.7K	277
Q4 20	$54.6K	308
Q1 21	$59.4K	308
Q2 21	$62.4K	308
Q3 21	$73.6K	308
Q1 22	$63.0K	546
Q2 22	$62.7K	546
Q3 22	$68.1K	546
Q1 23	$45.8K	661
Q2 23	$42.3K	661
Q3 23	$42.3K	661
Q3 24	$305.5K	72
Q1 25	$46.1K	487
Q2 25	$49.3K	487
Q3 25	$59.8K	487
Q4 25	$37.2K	487

Revenue / Employee