Veritone, Inc.
- Open
- 0.76
- Day high
- 0.82
- Day low
- 0.76
- Prev close
- 0.80
- Volume
- 2.7M
- Mkt cap
- $80M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 2.1
- P/S
- 0.9
- Yield
- —
- Per share
- —
- ▲Insiders net buying $127K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions accumulating (13F)
Veritone, Inc. (VERI) is a Technology company listed on NASDAQ. The stock is down 75% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4). Drillr has 1 published research article covering VERI.
Veritone, Inc. (VERI) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
VERI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 13, 2026 | $-0.11 | $-0.11 | +0.3% | $24M | -14.2% |
| May 12, 2026 | $-0.12 | $-0.13 | -13.0% | $20M | -20.7% |
| Mar 12, 2026 | $-0.06 | $-0.15 | -150.0% | $18M | -45.6% |
| Nov 6, 2025 | $-0.11 | $-0.08 | +27.3% | $29M | -15.1% |
| Aug 7, 2025 | $-0.19 | $-0.18 | +5.3% | $24M | -16.3% |
| May 8, 2025 | $-0.18 | $-0.24 | -33.3% | $23M | -10.7% |
| Mar 13, 2025 | $-0.22 | $-0.21 | +4.5% | $22M | -2.1% |
| Aug 8, 2024 | $-0.15 | $-0.18 | -20.0% | $31M | -0.0% |
| Mar 12, 2024 | $-0.16 | $-0.16 | +0.0% | $34M | +1.2% |
| May 2, 2023 | $-0.24 | $-0.26 | -8.3% | $30M | -6.8% |
| Mar 2, 2023 | $0.07 | $0.05 | -28.6% | $44M | -2.0% |
| May 3, 2022 | $-0.10 | $-0.15 | -50.0% | $34M | +3.4% |
VERI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 24, 2026 | Steelberg Ryandirector, officer: PRESIDENT AND CEO | Buy | 148,810 | $0.85 |
| Jul 16, 2026 | Steelberg Ryandirector, officer: PRESIDENT AND CEO | Grant | 925,000 | — |
| Jul 9, 2026 | Zilis Michaeldirector | Grant | 120,000 | — |
| Jul 9, 2026 | Taketa Richard Hdirector | Grant | 120,000 | — |
| Jul 9, 2026 | Morales Franciscodirector | Grant | 120,000 | — |
| Jul 9, 2026 | Keithley Michaeldirector | Grant | 120,000 | — |
| Jul 9, 2026 | KURTZ KNUTE P.director | Grant | 120,000 | — |
| Feb 23, 2026 | Zemetra Michael Leonardofficer: EVP, CFO & TREASURER | Grant | 137,500 | — |
| Feb 23, 2026 | Steelberg Ryandirector, officer: PRESIDENT AND CEO | Grant | 443,333 | — |
| Jan 6, 2026 | Steelberg Ryandirector, officer: PRESIDENT AND CEO | Tax | 73,538 | $4.79 |
| Jan 6, 2026 | Zemetra Michael Leonardofficer: EVP, CFO & TREASURER | Tax | 35,981 | $4.79 |
| Aug 13, 2025 | Steelberg Ryandirector, 10 percent owner, officer: PRESIDENT AND CEO | Grant | 366,300 | $2.73 |
| Jun 13, 2025 | KURTZ KNUTE P.director | Grant | 30,000 | — |
| Jun 13, 2025 | Morales Franciscodirector | Grant | 30,000 | — |
| Jun 13, 2025 | Zilis Michaeldirector | Grant | 30,000 | — |
Source: VERI SEC Form 4 filings, latest Aug 24, 2026. For informational purposes only — not investment advice.
See the full VERI insider & 13F page →Veritone, Inc. company profile
Overview
Veritone, Inc. (NASDAQ:VERI) is an artificial intelligence software company founded in 2014 and headquartered in Denver, Colorado. The company went public in May 2017 and has evolved from a diversified AI and media services provider into a focused enterprise AI software company. In recent years, Veritone has undergone significant strategic transformation, divesting its media agency business (Veritone One) in 2024 to concentrate exclusively on AI software solutions and services.
Business
Veritone operates in the enterprise artificial intelligence software industry, developing and operating its proprietary aiWARE platform - an AI operating system that serves as the foundation for various AI applications. The aiWARE platform uses machine learning algorithms and AI models to process vast amounts of structured and unstructured data, performing cognitive functions such as transcription, language translation, face and object recognition, sentiment analysis, audio/video fingerprinting, and optical character recognition. The company's business is organized around several key offerings: 1. Software Products and Services (approximately 65-70% of revenue): This segment includes the core aiWARE platform and various AI applications built on top of it. Key products include Veritone Hire (a talent acquisition platform), Intelligent Digital Evidence Management System (iDEMS) for law enforcement, and the newly launched Veritone Data Refinery (VDR) for data processing and analytics. 2. Managed Services (approximately 30-35% of revenue): This segment provides AI-powered advertising and media services, helping clients with media planning, buying, and campaign optimization using AI-driven insights. 3. Public Sector Solutions: A rapidly growing vertical focusing on government and law enforcement applications, particularly digital evidence management and public safety AI solutions. The company serves multiple vertical markets including media and entertainment, government and public safety, legal and compliance, energy, and human resources, providing AI solutions that help organizations extract insights from their data and automate complex processes.
Revenue model
Veritone generates revenue through multiple business models. The primary revenue streams include software subscriptions, professional services, and managed advertising services. The company has been transitioning toward a more predictable subscription-based model, with 81% of its Annual Recurring Revenue (ARR) now coming from subscription-based customers, up from 61% in the previous year. Software Products and Services revenue comes from licensing the aiWARE platform and AI applications on a subscription basis, along with professional services for implementation and customization. Customers pay recurring fees for access to AI capabilities, with pricing often based on usage metrics such as data processing volumes or number of users. Managed Services revenue is generated through advertising services where Veritone acts as a media agency, earning commissions and fees from media buying and campaign management. This business model is more transactional and tied to client advertising spending. Several factors influence Veritone's margins and profitability. Positive factors include the shift toward higher-margin subscription revenue, economies of scale as the aiWARE platform serves more customers, and the company's recent cost reduction initiatives that eliminated over $40 million in annualized expenses. The public sector market expansion also presents opportunities for higher-margin government contracts. Negative margin pressures include competitive pricing in the AI software market, the need for continued R&D investment to keep pace with rapidly evolving AI technologies, and customer concentration risks. The company has historically faced challenges with large customer dependencies, though it has successfully reduced its reliance on Amazon from 25% to 11% of total revenue.
Competitive moat
Veritone's competitive moat is relatively narrow and faces significant challenges in the rapidly evolving AI landscape. The company's primary defensive position comes from its aiWARE platform, which provides a model-agnostic AI operating system that can integrate multiple AI engines and models. This approach allows customers to avoid vendor lock-in with specific AI providers and gives Veritone flexibility to incorporate new AI technologies as they emerge. The company has built some competitive advantages in specific verticals, particularly in public sector and digital evidence management, where it has established relationships with government agencies and law enforcement. The specialized nature of these applications and the regulatory requirements create some switching costs for customers. However, Veritone's moat is under pressure from several directions. Large technology companies like Microsoft, Google, and Amazon offer comprehensive AI platforms with significantly greater resources for R&D and market penetration. The commoditization of many AI capabilities and the rapid advancement of generative AI technologies threaten to erode Veritone's differentiation. The company's small scale (under $100 million in annual revenue) limits its ability to compete on price and invest in cutting-edge AI research compared to tech giants. Additionally, the AI software market is becoming increasingly crowded with both established players and well-funded startups offering specialized solutions. Veritone's best defensive strategy appears to be focusing on specific vertical markets where it can develop deep domain expertise and build switching costs through integrated workflows and regulatory compliance features.
Risks & safety
Veritone presents significant financial risks with a narrow margin of safety: • Cash Position: $16.9 million in cash and short-term investments as of Q4 2024, down from $90.7 million a year earlier, indicating rapid cash burn • Debt and Solvency: High debt-to-equity ratio of 8.9x, total liabilities of $184.6 million against total assets of $198.1 million, creating solvency concerns • Cash Flow: Negative free cash flow of -$30.8 million for fiscal 2024, though the company projects cash flow neutrality by second half of 2026 • Valuation Metrics: Trading at 0.7x enterprise value to revenue, which appears cheap but reflects the company's financial distress • Current Ratio: 0.97x indicates potential liquidity issues with current liabilities nearly matching current assets • Profitability: Consistent losses with -$96.3 million net income in 2024, though the company has implemented significant cost reduction measures The divestiture of Veritone One for up to $104 million provides some financial cushion, but the company's high burn rate and debt levels create substantial downside risk for equity holders.
Recent development
Over the past few years, Veritone has undergone a dramatic strategic transformation from a diversified AI and media services company to a focused enterprise AI software provider. The most significant move was the divestiture of Veritone One, its media agency business, for up to $104 million in 2024, allowing the company to position itself as a pure-play AI software company. The company has aggressively pursued cost reduction initiatives, implementing over $40 million in annualized cost savings and reducing its global workforce by 15%. This restructuring effort aims to achieve profitability by fiscal 2026, with management targeting cash flow neutrality in the second half of 2026. Product development has focused on expanding the aiWARE platform's capabilities and launching new solutions. Key developments include the launch of Veritone Data Refinery (VDR), a data processing and analytics platform, and the expansion of the Intelligent Digital Evidence Management System (iDEMS) for law enforcement applications. The company has also enhanced its AI consulting services, achieving AWS Advanced Tier Services Partner status. Market expansion has been particularly strong in the public sector, with management projecting 100-150% growth in this vertical for 2025. The company has secured significant contracts including a multiyear agreement with the NCAA worth up to $40 million and a $15 million blanket purchase agreement with the Department of Justice. The company has also focused on reducing customer concentration risk, successfully decreasing Amazon's contribution from 25% of revenue to 11% while building a more diversified customer base across government, media, and enterprise clients.
VERI company profile · for informational purposes only — not investment advice.
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