Veritone ( (VERI) ) has released its Q3 earnings. Here is a breakdown of the information Veritone presented to its investors.
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Veritone, Inc. is a company specializing in human-centered enterprise AI solutions, serving sectors such as media, entertainment, public sector, and talent acquisition with its aiWARE platform. In the third quarter of 2025, Veritone reported a total revenue of $29.1 million, marking a 32% increase compared to the same period in the previous year. This growth was primarily driven by a significant rise in Software Products & Services revenue, which saw a 55% increase year over year.
The company’s financial performance was bolstered by strategic initiatives such as the Veritone Data Refinery, which achieved a substantial increase in qualified bookings and pipeline. Despite a decrease in Managed Services revenue, Veritone managed to improve its operating loss by 30% year over year. The company also completed two equity capital transactions, raising over $100 million, which strengthened its liquidity position.
Key financial highlights include a GAAP gross profit of $18.7 million, a 28% increase year over year, and a non-GAAP net loss from continuing operations of $5.8 million, which improved by 48% compared to the previous year. The company also announced agreements to pay down its senior secured term debt and convertible notes, reflecting a strategic move to optimize its capital structure.
Looking ahead, Veritone remains optimistic about its growth trajectory, with expectations to reach profitability by the latter part of 2026. The company’s focus on expanding its AI software offerings and strategic partnerships is expected to drive further growth in high-demand sectors.