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Veritone
(NASDAQ:VERI)
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Rating:40Underperform
Price Target:
$0.98
▼(-54.47% Downside)
Action:Downgraded
Date:07/18/26
VERI scores low primarily due to very weak financial performance (sharp TTM revenue decline, large ongoing losses, and deep negative operating/free cash flow) and a strongly bearish technical setup (price below all major moving averages with negative MACD). Corporate events show active cost-cutting and alignment measures, but restructuring and potential dilution risks temper the benefit, while valuation provides limited support given the negative P/E and no dividend yield data.
Positive Factors
Recurring SaaS / usage revenue model
Veritone’s primary monetization via recurring SaaS subscriptions and metered usage creates durable revenue visibility and customer stickiness. Platform billing tied to content processing encourages long-term contracts and upsell as customers scale media/voice workloads, supporting predictable LTV and retention.
Negative Factors
Persistent negative cash flow
Large and ongoing negative operating and free cash flow indicate structural cash burn that undermines self-funding. Continued negative cash generation increases reliance on external financing or equity raises, constraining reinvestment and stressing the company’s ability to scale sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring SaaS / usage revenue model
Veritone’s primary monetization via recurring SaaS subscriptions and metered usage creates durable revenue visibility and customer stickiness. Platform billing tied to content processing encourages long-term contracts and upsell as customers scale media/voice workloads, supporting predictable LTV and retention.
Read all positive factors
Veritone Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how revenue is distributed across different business segments, highlighting which areas are driving growth and which may need strategic adjustments.
Shows how revenue is distributed across different business segments, highlighting which areas are driving growth and which may need strategic adjustments.
Data provided by:
The Fly
The FlyVeritone (VERI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$94.81M
Dividend YieldN/A
Average Volume (3M)2.60M
Price to Earnings (P/E)―
Beta (1Y)3.07
Revenue Growth-9.07%
EPS Growth35.07%
CountryUS
Employees446
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.57
Shares Outstanding92,954,400
10 Day Avg. Volume2,228,670
30 Day Avg. Volume2,602,830
Financial Highlights & Ratios
PEG Ratio-0.03
Price to Book (P/B)4.32
Price to Sales (P/S)3.19
P/FCF Ratio-5.06
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price Target
$6.25Price Target Upside190.70% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.3
Revenue Forecast (FY)$135.03M
Veritone Business Overview & Revenue Model
Company Description
Veritone, Inc., together with its affiliates, specializes in providing artificial intelligence (AI) computing solutions to clients in both the United States and the United Kingdom. A core offering is its aiWARE platform, an advanced AI operating s...
How the Company Makes Money
Veritone primarily makes money by selling access to its AI software platform and applications, generally on a recurring basis (e.g., SaaS subscriptions) and/or through usage-based arrangements tied to the volume of content processed (such as minut...
Veritone Earnings Call Summary
Earnings Call Date:Mar 26, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Aug 11, 2026
Earnings Call Sentiment Positive
The call presented a broadly positive strategic narrative: Veritone announced major partnerships (Oracle), a transformative data transaction providing access to >50M hours of data with potential for >$100M in VDR revenue over three years, a $50M+ VDR pipeline, strong public sector momentum (68% YoY) and multiple commercial growth metrics (licensing +~10% YoY, software deals +14% YoY). The company also materially strengthened its balance sheet by exiting secured debt and cutting annual interest costs by ~90%, and provided revenue guidance of $130M–$145M for 2026. Key risks and lowlights include near-term GAAP uncertainty on a $12.9M Q4 transaction that widened Q4 revenue guidance ($18.1M–$30M), supply constraints that caused management to turn down >$10M of orders in 2025, continued near-term non-GAAP losses (forecast -$13.5M to -$22.5M for 2026), gross margin pressure from revenue mix, and limited visibility on consumption-based VDR revenue and government timing. Overall, the strategic wins, pipeline, marketplace launch and balance sheet improvements outweigh the operational and accounting risks discussed, but execution and timing remain critical to realizing the plan.Positive Updates
Strategic Oracle Partnership
Signed a multiyear strategic partnership with Oracle to deploy aiWARE on Oracle Cloud Infrastructure (OCI), providing financial incentives, higher-performance AI super clusters, improved cost efficiency for compute/storage, enhanced security/data sovereignty, and a scalable cloud foundation for Veritone's next-generation AI solutions.
Negative Updates
Q4 2025 Preliminary Revenue Recognition Uncertainty
Preliminary Q4 revenue range was wide ($18.1M to $30M) and largely driven by the single $12.9M non-monetary transaction where GAAP fair-value recognition is uncertain; management warned the transaction accounting is binary and the recognized revenue could land at the lower end of the range.
Read all updates
Q4-2025 Updates
Positive
Negative
Strategic Oracle Partnership
Signed a multiyear strategic partnership with Oracle to deploy aiWARE on Oracle Cloud Infrastructure (OCI), providing financial incentives, higher-performance AI super clusters, improved cost efficiency for compute/storage, enhanced security/data sovereignty, and a scalable cloud foundation for Veritone's next-generation AI solutions.
Read all positive updates
Company Guidance
Veritone guided fiscal 2026 revenue of $130 million to $145 million (midpoint implying roughly a 47% increase versus the low end of their 2025 range), with public sector revenue targeted to grow 60%–70% year‑over‑year and managed services expected to rise 10%–15%; gross margins are forecast at 60%–65% and non‑GAAP net loss is projected at $13.5 million–$22.5 million (midpoint representing about a 54% improvement versus the low end of preliminary 2025 results). They expect sequential quarter‑over‑quarter revenue growth in 2026 (Q1 ~ Q1 2025, H1 flat to slightly down for certain product lines), a more pronounced VDR ramp starting in Q2, and the earliest path to profitability in Q4 2026 (dependent on VDR and public sector growth). Operational posture: S&M and G&A planned roughly flat to 2025, R&D slightly higher beginning Q1; pipelines/backlog include a VDR pipeline >50 million (hours/units cited) and a core AI platform backlog/sales pipeline in excess of $200 million (and an earlier referenced $50+ million VDR pipeline to convert to recurring revenue). Balance sheet improvements: retired 100% of senior secured term debt, repurchased ~50% of convertible notes, reduced annual debt carry from ~$14 million to ~$0.8 million, closed 2025 with $27.7 million in unencumbered cash, $45 million of 1.75% convertible debt and ~92.6 million shares outstanding.Veritone Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
45
Neutral
Cash Flow
16
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.99M | 92.19M | 92.64M | 99.99M | 149.73M | 115.31M |
| Gross Profit | 48.52M | 35.41M | 65.38M | 72.22M | 122.30M | 93.18M |
| EBITDA | -77.89M | -73.70M | -58.78M | -39.52M | 5.16M | -52.02M |
| Net Income | -111.36M | -111.73M | -37.38M | -58.63M | -25.56M | -64.67M |
Balance Sheet | ||||||
| Total Assets | 155.20M | 182.28M | 198.06M | 378.86M | 424.75M | 518.35M |
| Cash, Cash Equivalents and Short-Term Investments | 15.09M | 27.43M | 16.91M | 46.61M | 184.42M | 254.72M |
| Total Debt | 45.39M | 47.22M | 119.90M | 142.75M | 139.88M | 195.08M |
| Total Liabilities | 106.20M | 114.16M | 184.61M | 340.71M | 344.90M | 431.85M |
| Stockholders Equity | 49.00M | 68.12M | 13.45M | 38.15M | 79.85M | 86.50M |
Cash Flow | ||||||
| Free Cash Flow | -51.81M | -58.18M | -30.82M | -81.54M | -1.03M | 6.22M |
| Operating Cash Flow | -47.66M | -53.20M | -24.72M | -76.42M | 3.74M | 7.23M |
| Investing Cash Flow | -4.16M | -4.98M | -1.61M | -54.88M | -12.10M | -53.84M |
| Financing Cash Flow | 51.08M | 69.42M | -37.06M | 26.33M | -61.93M | 186.51M |
Veritone Technical Analysis
Negative
2.15
Price Trends
1.65
Negative
2.04
Negative
3.44
Negative
Market Momentum
-0.17
Positive
26.17
Positive
7.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For VERI, the sentiment is Negative. The current price of 2.15 is above the 20-day moving average (MA) of 1.25, above the 50-day MA of 1.65, and below the 200-day MA of 3.44, indicating a bearish trend. The MACD of -0.17 indicates Positive momentum. The RSI at 26.17 is Positive, neither overbought nor oversold. The STOCH value of 7.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for VERI.
Veritone Risk Analysis
Veritone disclosed 38 risk factors in its most recent earnings report. Veritone reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Veritone Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | $409.25M | -13.92 | -11.00% | ― | 10.11% | 57.87% | |
54 Neutral | $1.05B | -6.84 | 12.31% | ― | -0.49% | 52.70% | |
52 Neutral | $334.20M | -7.00 | -26.16% | ― | ― | ― | |
48 Neutral | $230.55M | -8.06 | -40.48% | ― | 16.83% | 66.05% | |
42 Neutral | $84.78M | -0.40 | -144.52% | ― | 596.62% | -1642.34% | |
40 Underperform | $94.81M | ― | -331.54% | ― | -9.07% | 35.07% |
* Technology Sector Average
VERI
Veritone
1.02
-1.78
-63.57%
LSAK
Lesaka Technologies
4.77
0.27
6.00%
RXT
Rackspace Technology
4.15
2.73
192.25%
PDYN
Palladyne AI Corp
4.88
-5.92
-54.81%
GRRR
Gorilla Technology Group Inc.
12.04
-5.83
-32.62%
DFDV
DeFi Development Corporation
2.82
-20.71
-88.03%
Veritone Corporate Events
Business Operations and StrategyExecutive/Board Changes
Veritone CEO Halves Salary Amid Cost Realignment
Positive
Jul 17, 2026
On July 14, 2026, Veritone President, Chief Executive Officer and Chairman Ryan Steelberg voluntarily cut his annual salary by 50%, lowering it from $665,000 to $332,500. The reduction is intended to support Veritone’s ongoing cost reduction...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Veritone Shareholders Expand Equity Plan and Authorized Stock
Positive
Jul 10, 2026
At its annual meeting held on July 7, 2026, Veritone shareholders approved an expansion of the company’s 2023 Equity Incentive Plan, adding 3,000,000 shares of common stock for issuance under the Second Amended 2023 Plan, which became effect...
Business Operations and Strategy
Veritone Announces Major Workforce Reduction and Restructuring Plan
Negative
Jun 10, 2026
On June 1, 2026, Veritone, Inc. approved a restructuring plan that includes a workforce reduction initiated on June 10, 2026 and cuts to certain third-party operating costs, aiming to realign its business and cost structure. The company expects th...
Private Placements and FinancingRegulatory Filings and Compliance
Veritone Establishes $50 Million At-The-Market Equity Program
Neutral
May 22, 2026
On May 21, 2026, Veritone, Inc. entered into a sales agreement with UBS Securities, Needham Company and Craig-Hallum Capital Group, allowing the company to sell up to $50 million of its common stock from time to time through an at-the-market equi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.