VERI · Veritone, Inc.
Veritone, Inc., together with its subsidiaries, engages in the provision of artificial intelligence (AI) computing solutions and services in the United States, the United Kingdom, France, Australia, Israel, and India. It develops and operates aiWARE platform, an AI operating system, that uses machine learning algorithms or AI models designed to mimic human cognitive functions, such as perception, prediction, and problem solving and optimization, as well as enables users to transform unstructured data into structured data, analyze and optimize data to drive business processes and insights. The company also offers software products and services to commercial enterprise and public sector customers; and managed services, including cloud-native digital content management solutions; and content licensing and representation services. It serves media and entertainment, government, legal and compliance, energy, and other vertical markets. The company has a strategic partnership with LeoSight for the development of an AI-based public safety platform. The company was formerly known as Veritone Delaware, Inc. and changed its name to Veritone, Inc. in July 2014. Veritone, Inc. was incorporated in 2014 and is headquartered in Irvine, California.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $0.86 |
| SO | 100.5M |
| Options | 7.9M |
| Warrants | 1.6M |
| FD SO | 109.9M |
| MC | $94.1M |
| Cash | $12.4M |
| Total debt | $45.5M |
| EV | $127.1M |
| TTM Multiples | |
|---|---|
| EV / Revenue | — |
| EV / EBITDA | — |
| MC / Net Income | — |
| EV / FCF | — |
| MC / FCF | — |
| Ownership & coverage | |
|---|---|
| Institutional | 28.2% |
| Insiders | 10.5% |
| # Institutions | 124 |
| Analysts | 3 |
| Consensus | Buy |
| Avg target | $5.17 |
| Short % float | 14.1% |
| Days to cover | 5.44 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-08-11. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-08-25 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-07-31; the float denominator can be unreliable on tiny floats.
Financial statements
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Total Revenue | 24.26 | 20.26 | — | 26.63 |
| Revenue YoY % | 4.6% | (9.8%) | — | 21.1% |
| Cost of Revenue | 8.81 | 6.55 | 6.98 | 8.44 |
| Gross Profit | 15.46 | 13.71 | — | 18.19 |
| Gross Profit YoY % | (8.2%) | (6.3%) | — | 16.1% |
| Gross Margin % | 63.7% | 67.7% | — | 68.3% |
| SG&A | 21.43 | 21.60 | 24.61 | 23.49 |
| R&D | 5.87 | 5.75 | 5.08 | 5.49 |
| Operating Expense | 37.59 | 33.13 | — | 36.35 |
| Operating Income | (22.14) | (19.42) | (22.45) | (18.16) |
| Operating Income YoY % | (16.4%) | 10.2% | (6.7%) | 19.3% |
| Operating Margin % | (91.2%) | (95.9%) | — | (68.2%) |
| EBITDA | (16.37) | (13.64) | (16.76) | (10.79) |
| EBITDA Margin % | (67.5%) | (67.4%) | — | (40.5%) |
| Interest Expense | (0.27) | (0.18) | — | (2.91) |
| Other Income / (Expense) | (0.61) | (0.88) | (14.18) | (14.27) |
| Pretax Income | (22.47) | (20.12) | (36.63) | (29.52) |
| Tax Provision | (0.31) | (0.61) | (0.50) | (0.28) |
| Net Income | (22.16) | (19.51) | (36.13) | (29.24) |
| Net Margin % | (91.3%) | (96.3%) | — | (109.8%) |
| Diluted EPS | -$0.24 | -$0.21 | — | — |
| Basic EPS | -$0.24 | -$0.21 | -$0.37 | -$0.45 |
| Diluted Avg Shares | 94.0 | 92.9 | — | 64.9 |
| Basic Avg Shares | 94.0 | 92.9 | — | — |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 91.06 | 92.19 | 92.64 | 99.99 | 149.73 |
| Revenue YoY % | (1.2%) | (0.5%) | (7.4%) | (33.2%) | — |
| Cost of Revenue | 30.78 | 29.61 | 27.25 | 28.26 | 27.43 |
| Gross Profit | 60.28 | 62.58 | 65.38 | 71.73 | 122.30 |
| Gross Profit YoY % | (3.7%) | (4.3%) | (8.8%) | (41.3%) | — |
| Gross Margin % | 66.2% | 67.9% | 70.6% | 71.7% | 81.7% |
| SG&A | 91.13 | 95.95 | 98.26 | 106.01 | 95.52 |
| R&D | 22.20 | 20.71 | 26.82 | 40.59 | 43.59 |
| Operating Expense | 142.44 | 143.84 | 153.59 | 171.30 | 160.29 |
| Operating Income | (82.17) | (81.25) | (88.21) | (99.57) | (37.99) |
| Operating Income YoY % | (1.1%) | 7.9% | 11.4% | (162.1%) | — |
| Operating Margin % | (90.2%) | (88.1%) | (95.2%) | (99.6%) | (25.4%) |
| EBITDA | (57.57) | (54.08) | (59.70) | (74.38) | (15.50) |
| EBITDA Margin % | (63.2%) | (58.7%) | (64.4%) | (74.4%) | (10.4%) |
| Interest Expense | — | — | (12.07) | (2.77) | (4.86) |
| Other Income / (Expense) | (26.58) | (30.71) | 34.89 | 34.85 | 9.88 |
| Pretax Income | (108.75) | (111.96) | (41.24) | (61.95) | (23.25) |
| Tax Provision | (1.71) | (0.23) | (3.86) | (3.32) | 2.31 |
| Net Income | (107.03) | (111.73) | (37.38) | (58.62) | (25.56) |
| Net Margin % | (117.5%) | (121.2%) | (40.4%) | (58.6%) | (17.1%) |
| Diluted EPS | -$1.27 | -$1.76 | -$0.98 | -$1.59 | -$0.71 |
| Basic EPS | -$1.27 | -$1.76 | -$0.98 | -$1.59 | -$0.71 |
| Diluted Avg Shares | 94.0 | 63.3 | 38.0 | 36.9 | 36.0 |
| Basic Avg Shares | 94.0 | 63.3 | 38.0 | 36.9 | 36.0 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 12.42 | 15.09 | 27.43 | 36.23 |
| Receivables | 28.04 | 26.72 | 36.77 | 34.26 |
| Other Current Assets | 7.02 | 8.65 | 9.72 | 13.17 |
| Total Current Assets | 47.48 | 50.45 | 73.91 | 83.66 |
| Net PPE | 9.11 | 9.14 | 9.58 | 9.95 |
| Operating Lease ROU | 2.29 | 1.62 | 1.79 | 1.92 |
| Goodwill | 54.01 | 53.98 | 54.26 | 54.12 |
| Intangible Assets | 29.69 | 34.06 | 38.64 | 42.85 |
| Other Assets | 5.92 | 5.94 | 4.09 | 6.10 |
| Total Assets | 148.49 | 155.20 | 182.28 | 198.60 |
| Accounts Payable | 15.05 | 12.95 | 16.49 | 11.46 |
| Current Lease Liabilities | 0.54 | 0.53 | 0.62 | 0.70 |
| Other Current Liabilities | 84.95 | 82.78 | 86.67 | 51.40 |
| Total Current Liabilities | 100.54 | 96.26 | 103.78 | 63.56 |
| Long-term Debt | — | — | — | 35.36 |
| Long-term Lease Liabilities | 1.81 | 1.20 | 1.28 | — |
| Other Liabilities | 8.28 | 8.74 | 9.09 | 84.18 |
| Total Liabilities | 110.62 | 106.20 | 114.16 | 183.11 |
| Retained Earnings | (620.68) | (598.52) | (579.01) | (542.89) |
| Total Equity | 37.87 | 49.00 | 68.12 | 15.49 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 12.42 | 27.43 | 16.91 | 46.61 | 184.42 |
| Receivables | 28.04 | 36.77 | 32.00 | 33.90 | 56.00 |
| Other Current Assets | 7.02 | 9.72 | 10.50 | 105.31 | 37.58 |
| Total Current Assets | 47.48 | 73.91 | 59.41 | 185.81 | 278.00 |
| Net PPE | 9.11 | 9.58 | 10.05 | 8.08 | 5.29 |
| Operating Lease ROU | 2.29 | 1.79 | 0.84 | 1.67 | — |
| Goodwill | 54.01 | 54.26 | 53.11 | 53.53 | 46.50 |
| Intangible Assets | 29.69 | 38.64 | 59.50 | 83.42 | 79.66 |
| Other Assets | 5.92 | 4.09 | 15.15 | 46.34 | 15.29 |
| Total Assets | 148.49 | 182.28 | 198.06 | 378.86 | 424.75 |
| Accounts Payable | 15.05 | 16.49 | 11.02 | 16.62 | 36.74 |
| Current Lease Liabilities | 0.54 | 0.62 | 0.70 | 2.35 | 2.11 |
| Other Current Liabilities | 84.95 | 86.67 | 49.24 | 172.90 | 154.47 |
| Total Current Liabilities | 100.54 | 103.78 | 60.96 | 191.87 | 193.32 |
| Long-term Debt | — | — | 41.18 | 77.50 | — |
| Long-term Lease Liabilities | 1.81 | 1.28 | 0.15 | 0.31 | 1.51 |
| Other Liabilities | 8.28 | 9.09 | 82.33 | 71.03 | 150.07 |
| Total Liabilities | 110.62 | 114.16 | 184.61 | 340.71 | 344.90 |
| Retained Earnings | (620.68) | (579.01) | (467.28) | (429.90) | (371.27) |
| Total Equity | 37.87 | 68.12 | 13.45 | 38.15 | 79.85 |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Net Income | (22.16) | (19.51) | (36.13) | (29.24) |
| D&A | 5.77 | 5.78 | 5.68 | 7.37 |
| Stock-Based Comp | 1.48 | 1.19 | 1.59 | 1.64 |
| Δ Working Cap & Other | 4.28 | 1.04 | 16.81 | 4.34 |
| Operating Cash Flow | (10.63) | (11.49) | (12.04) | (15.89) |
| CapEx | (1.50) | (0.53) | (1.45) | (1.22) |
| Investing Cash Flow | (1.50) | (0.53) | (1.45) | (1.22) |
| Debt Repayment | 0.00 | 0.00 | — | (1.94) |
| Other Financing | 9.35 | — | 4.55 | 41.55 |
| Financing Cash Flow | 9.35 | (0.49) | 4.55 | 39.62 |
| Effect of FX on Cash | 0.12 | 0.17 | 0.13 | 0.16 |
| Free Cash Flow | (12.13) | (12.03) | (13.49) | (17.11) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | (107.03) | (111.73) | (37.38) | (58.62) | (25.56) |
| D&A | 24.60 | 27.17 | 28.51 | 25.19 | 22.49 |
| Stock-Based Comp | 5.91 | 6.69 | 8.13 | 10.83 | 19.11 |
| Δ Working Cap & Other | 26.47 | 24.67 | (23.98) | (53.81) | (12.31) |
| Operating Cash Flow | (50.05) | (53.20) | (24.72) | (76.42) | 3.74 |
| CapEx | (4.70) | (4.98) | (6.10) | (4.73) | (4.76) |
| Acquisitions | — | — | — | (50.27) | (4.59) |
| Other Investing | — | — | 4.49 | — | (2.75) |
| Investing Cash Flow | (4.70) | (4.98) | (1.61) | (54.88) | (12.10) |
| Debt Repayment | — | — | — | — | (0.38) |
| Stock Issuance | — | — | 4.50 | — | — |
| Other Financing | 53.03 | 69.42 | (41.56) | 26.33 | (61.55) |
| Financing Cash Flow | 53.03 | 69.42 | (37.06) | 26.33 | (61.93) |
| Effect of FX on Cash | 0.58 | (0.84) | 0.41 | — | — |
| Free Cash Flow | (54.75) | (58.18) | (30.82) | (81.15) | (1.03) |
| 6/30/26 | 3/31/26 | 12/31/25 | 9/30/25 | |
|---|---|---|---|---|
| Current Ratio | 0.47 | 0.52 | 0.71 | 1.32 |
| Quick Ratio | — | — | — | — |
| Debt / Equity | — | — | — | 2.28 |
| EBITDA Margin % | (67.5%) | (67.4%) | — | (40.5%) |
| Working Capital | (53.06) | (45.81) | (29.87) | 20.10 |
| Net Debt | — | — | — | (0.87) |
| ROE % | (58.5%) | (39.8%) | (53.0%) | (188.7%) |
| ROA % | (14.9%) | (12.6%) | (19.8%) | (14.7%) |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | 0.47 | 0.71 | 0.97 | 0.97 | 1.44 |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | — | — | 3.06 | 2.03 | — |
| EBITDA Margin % | (63.2%) | (58.7%) | (64.4%) | (74.4%) | (10.4%) |
| Working Capital | (53.06) | (29.87) | (1.55) | (6.05) | 84.68 |
| Net Debt | — | — | 24.27 | 30.89 | — |
| ROE % | (282.6%) | (164.0%) | (277.9%) | (153.7%) | (32.0%) |
| ROA % | (72.1%) | (61.3%) | (18.9%) | (15.5%) | (6.0%) |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-08-24 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO) | 2026-08-21 | P | 148,810 | $0.85 | $126,637 |
| 2026-07-16 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO) | 2026-07-14 | A | 925,000 | — | $0 |
| 2026-07-16 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO) | 2026-07-14 | A | 925,000 | — | $0 |
| 2026-07-09 | Zilis Michael | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-07-09 | Zilis Michael | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-07-09 | Morales Francisco | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-07-09 | Morales Francisco | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-07-09 | KURTZ KNUTE P. | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-07-09 | KURTZ KNUTE P. | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-07-09 | Keithley Michael | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-07-09 | Keithley Michael | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-07-09 | Taketa Richard H | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-07-09 | Taketa Richard H | Director | 2026-07-07 | A | 120,000 | — | $0 |
| 2026-02-23 | Zemetra Michael Leonard | Officer (EVP, CFO & TREASURER) | 2026-02-19 | A | 137,500 | — | $0 |
| 2026-02-23 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO) | 2026-02-19 | A | 443,333 | — | $0 |
| 2026-01-06 | Zemetra Michael Leonard | Officer (EVP, CFO & TREASURER) | 2026-01-02 | F | (35,981) | $4.79 | -$172,349 |
| 2026-01-06 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO) | 2026-01-02 | F | (73,538) | $4.79 | -$352,247 |
| 2025-08-13 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO), 10% Owner | 2025-08-12 | A | 366,300 | $2.73 | $999,999 |
| 2025-06-13 | Taketa Richard H | Director | 2025-06-13 | A | 30,000 | — | $0 |
| 2025-06-13 | Morales Francisco | Director | 2025-06-13 | A | 30,000 | — | $0 |
| 2025-06-13 | Zilis Michael | Director | 2025-06-13 | A | 30,000 | — | $0 |
| 2025-06-13 | KURTZ KNUTE P. | Director | 2025-06-13 | A | 30,000 | — | $0 |
| 2025-06-13 | Keithley Michael | Director | 2025-06-13 | A | 30,000 | — | $0 |
| 2025-03-26 | Morales Francisco | Director | 2025-03-20 | A | 7,500 | — | $0 |
| 2025-02-12 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO), 10% Owner | 2025-02-10 | A | 240,000 | — | $0 |
| 2025-02-12 | Zemetra Michael Leonard | Officer (EVP, CFO & TREASURER) | 2025-02-10 | A | 82,500 | — | $0 |
| 2025-01-15 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO), 10% Owner | 2025-01-02 | F | (18,848) | $3.20 | -$60,314 |
| 2025-01-06 | Zemetra Michael Leonard | Officer (EVP, CFO & TREASURER) | 2025-01-02 | F | (26,885) | $3.20 | -$86,032 |
| 2025-01-02 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO), 10% Owner | 2025-01-02 | F | (26,703) | $3.20 | -$85,450 |
| 2025-01-02 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO), 10% Owner | 2024-12-31 | F | (5,040) | $3.28 | -$16,531 |
| 2024-12-17 | Steelberg Chad | Director, 10% Owner | 2024-12-13 | S | (504,657) | $2.52 | -$1,269,212 |
| 2024-12-03 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO), 10% Owner | 2024-11-30 | F | (5,040) | $2.64 | -$13,306 |
| 2024-11-04 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO), 10% Owner | 2024-10-31 | F | (5,040) | $3.25 | -$16,380 |
| 2024-10-01 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO), 10% Owner | 2024-09-30 | F | (5,040) | $3.59 | -$18,094 |
| 2024-09-03 | Steelberg Ryan | Director, Officer (PRESIDENT AND CEO), 10% Owner | 2024-08-31 | F | (5,040) | $3.10 | -$15,624 |