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Veritone
(NASDAQ:VERI)
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Rating:45Neutral
Price Target:
$1.50
▲(44.23% Upside)
Action:Upgraded
Date:08/12/26
The score is held down primarily by weak financial performance (sharp TTM revenue decline, persistent large losses, and substantial negative operating/free cash flow). Technicals add modest support via a short-term rebound above key short-term averages, but the longer-term trend remains bearish and momentum is near overbought. Valuation is difficult to justify with negative earnings and no dividend, while recent corporate actions provide some cost-cutting positives but also highlight restructuring and dilution risk.
Positive Factors
Improved leverage
Material reduction in leverage improves financial flexibility and lowers interest and refinancing pressure, giving management more time to execute a turnaround. Better debt metrics reduce bankruptcy risk and support sustaining core operations while restructuring takes effect.
Negative Factors
Severe cash burn
Persistent negative operating and free cash flow erodes runway and forces reliance on external financing. Ongoing cash burn increases dilution and creditor risk, constraining investments in product development and sales necessary for durable revenue recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
Material reduction in leverage improves financial flexibility and lowers interest and refinancing pressure, giving management more time to execute a turnaround. Better debt metrics reduce bankruptcy risk and support sustaining core operations while restructuring takes effect.
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
$115.53M
Dividend YieldN/A
Average Volume (3M)2.60M
Price to Earnings (P/E)―
Beta (1Y)3.08
Revenue Growth-1.81%
EPS Growth46.29%
CountryUS
Employees442
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)-1.27
Shares Outstanding100,457,070
10 Day Avg. Volume2,247,105
30 Day Avg. Volume2,604,789
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
$3.75Price Target Upside260.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.3
Revenue Forecast (FY)$135.04M
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 AI-powered applications, typically through recurring software subscriptions and usage-based fees tied to processing volumes (e.g., minutes/hours of audio or video ana...
Veritone Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 10, 2026
Earnings Call Sentiment Neutral
The call presented a mix of meaningful operational progress (strong sequential revenue growth, accelerating VDR traction, new product launches, strategic public sector wins, partnerships, and substantial cost and debt reductions) alongside material near-term challenges (DoD-driven public sector timing delays, gross margin compression, continued net losses on a non-GAAP basis, and constrained cash). Management emphasized disciplined cost actions and a clear path to breakeven in early 2027 contingent on executing remaining cost reductions and VDR/public sector revenue ramp. Overall, positives (pipeline, product momentum, and structural cost/debt improvements) are balanced by financial and timing risks in the near term.Positive Updates
Quarterly Revenue Growth
Q2 revenue of $24.3M, up $4.0M or 20% sequentially from Q1 2026 and up $1.0M or 5% year-over-year, driven by increased VDR and licensing services.
Negative Updates
Public Sector Timing Delays (DoD)
Revenue and expectations tempered by delayed DoD contract extension due to budget reallocation to support the Iran conflict; this reduced near-term public sector revenue and prompted a more modest public sector growth outlook for FY2026.
Read all updates
Q2-2026 Updates
Positive
Negative
Quarterly Revenue Growth
Q2 revenue of $24.3M, up $4.0M or 20% sequentially from Q1 2026 and up $1.0M or 5% year-over-year, driven by increased VDR and licensing services.
Read all positive updates
Company Guidance
Veritone updated full‑year FY2026 guidance to revenue of $100M–$115M (midpoint ≈ +17% YoY) with Q3 revenue guided to $24M to in excess of $28M (high point >5% YoY), non‑GAAP gross margins forecasted at 60%–65%, and full‑year non‑GAAP net loss of $22M–$32M (midpoint ~34% improvement YoY); the company has executed ~$11.3M of annualized cost reductions to date (~11% of annualized OpEx) and targets $15M–$20M by year‑end 2026 (up to 20% of OpEx) with up to 30% relative savings into early 2027, is aiming for breakeven/operating profitability as early as H1 2027 if revenue reaches roughly $125M–$130M, and highlighted key operating figures including Q2 revenue $24.3M (up 20% QoQ, +5% YoY), ARR $62M, a VDR pipeline >$65M with >$15M of near‑term opportunities (average VDR deals high‑six to mid‑seven figures), managed services growth expected +10%–15% YoY, cash and restricted cash $12.7M, total debt ≈ $45M at 1.75%, >$40M remaining ATM availability, and 99.1M 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 | 90.24M | 92.19M | 92.64M | 99.99M | 149.73M | 115.31M |
| Gross Profit | 47.44M | 35.41M | 65.38M | 72.22M | 122.30M | 93.18M |
| EBITDA | -78.89M | -73.70M | -58.78M | -39.52M | 5.16M | -52.02M |
| Net Income | -106.73M | -111.73M | -37.38M | -58.63M | -25.56M | -64.67M |
Balance Sheet | ||||||
| Total Assets | 148.49M | 182.28M | 198.06M | 378.86M | 424.75M | 518.35M |
| Cash, Cash Equivalents and Short-Term Investments | 12.42M | 27.43M | 16.91M | 46.61M | 184.42M | 254.72M |
| Total Debt | 45.47M | 47.22M | 119.90M | 142.75M | 139.88M | 195.08M |
| Total Liabilities | 110.63M | 114.16M | 184.61M | 340.71M | 344.90M | 431.85M |
| Stockholders Equity | 37.87M | 68.12M | 13.45M | 38.15M | 79.85M | 86.50M |
Cash Flow | ||||||
| Free Cash Flow | -54.75M | -58.18M | -30.82M | -81.54M | -1.03M | 6.22M |
| Operating Cash Flow | -50.05M | -53.20M | -24.72M | -76.42M | 3.74M | 7.23M |
| Investing Cash Flow | -4.70M | -4.98M | -1.61M | -54.88M | -12.10M | -53.84M |
| Financing Cash Flow | 53.03M | 69.42M | -37.06M | 26.33M | -61.93M | 186.51M |
Veritone Technical Analysis
Negative
1.04
Price Trends
1.30
Negative
1.70
Negative
2.98
Negative
Market Momentum
0.03
Negative
43.56
Neutral
62.45
Neutral
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 1.04 is below the 20-day moving average (MA) of 1.19, below the 50-day MA of 1.30, and below the 200-day MA of 2.98, indicating a bearish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 43.56 is Neutral, neither overbought nor oversold. The STOCH value of 62.45 is Neutral, 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% | |
56 Neutral | $406.25M | -13.82 | -11.00% | ― | 10.11% | 57.87% | |
52 Neutral | $326.13M | -9.79 | -45.15% | ― | 171.79% | 62.11% | |
52 Neutral | $454.39M | -9.51 | -26.16% | ― | ― | ― | |
48 Neutral | $1.07B | -6.51 | 12.97% | ― | 0.34% | 60.08% | |
45 Neutral | $115.53M | -0.91 | -249.64% | ― | -1.81% | 46.29% | |
42 Neutral | $95.16M | -0.33 | -233.42% | ― | 328.63% | -819.20% |
* Technology Sector Average
VERI
Veritone
1.15
-1.42
-55.25%
LSAK
Lesaka Technologies
4.74
-0.01
-0.32%
RXT
Rackspace Technology
4.21
3.01
250.83%
PDYN
Palladyne AI Corp
6.61
-0.81
-10.92%
GRRR
Gorilla Technology Group Inc.
16.37
-1.60
-8.90%
DFDV
DeFi Development Corporation
3.07
-14.98
-82.99%
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.