Veritone Inc
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
Red describes the company here, not the share price — and the finding rests on documented balance-sheet risks, several at once, not on valuation. The quarterly report as of June 30, 2026 itself cites "substantial doubt" about going concern; $12.424 million of cash stands against $45.58 million repayable on November 15, 2026, with a working capital deficit of $53.058 million and $22.126 million of cash burn in the first half alone. Cash runway is therefore well short of four quarters. On top of that comes a reporting finding that would suffice on its own: five material weaknesses in internal control, the oldest from fiscal 2022, not one remediated as of December 31, 2025, one withdrawn quarter, and an auditor who tied the effect of those weaknesses to "substantially all consolidated financial statement account balances and disclosures" and was dismissed eight days after the annual report. Tangible equity is negative at minus $45.826 million. Explicitly excluded from this judgment: the low share price and the cheap multiple — those are price arguments, not quality arguments. Equally explicit: the product is real, the data business is growing, management is cutting hard and buying its own stock. If the refinancing succeeds, this judgment can change. Until then the maturity weighs more than the product quality. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Veritone is the rare case where the AI label is earned and the stock still hangs on something else entirely: aiWARE runs at U.S. police and judicial agencies, the data business grew 71.2 percent, and the chief executive halved his own salary and bought shares in the open market. Against that stands a convertible note of $45.58 million maturing on November 15, 2026, while only $12.424 million of cash was on hand as of June 30, 2026 — plus an explicit statement of substantial doubt about going concern, five unremediated material weaknesses dating back to 2022, one withdrawn quarter, and an auditor dismissed eight days after writing its second going-concern paragraph. Anyone buying here is not buying a valuation but a bet that the refinancing succeeds — and a bet on how much of their own stake survives it. Not investment advice.
Product and market access
aiWARE is a real, deployed AI operating system with FedRAMP accreditation for the secure government cloud; the second quarter of 2026 added a multi-year contract with the California Highway Patrol and more than 100 further agency contracts (earnings release of August 13, 2026). The Veritone Data Refinery data business grew recurring revenue from $10.957 million to $18.757 million within twelve months.
Liquidity and maturity
As of June 30, 2026, $12.424 million of cash stood against a convertible note of $45.580 million maturing on November 15, 2026 and a working capital deficit of $53.058 million. The 10-Q explicitly cites "substantial doubt" about going concern; a further $22.126 million flowed out of operations in the first half of 2026.
Reporting quality and controls
Five material weaknesses in internal control, the oldest from fiscal 2022/2023, were all unremediated as of December 31, 2025; the auditor classified their effect as a critical audit matter because it affects "substantially all consolidated financial statement account balances and disclosures." The third-quarter 2025 figures were withdrawn on April 8, 2026 and Grant Thornton LLP was dismissed on April 23, 2026.
Growth and customer base
Revenue has moved sideways for three years ($99.986 million, $92.637 million and $92.192 million for 2023 through 2025 on a continuing-operations basis). Predictable subscription revenue fell 15.1 percent within twelve months to $43.245 million, the software customer count declined for five consecutive quarters from 3,066 to 2,829, and gross margin fell from 67.5 percent to 58.5 percent in the second quarter of 2026.
Dilution
Shares outstanding rose from 37.186 million (December 31, 2023) to 100,457,068 (August 11, 2026), up roughly 170 percent; revenue per share fell from about $2.69 to about $1.00. Authorized capital was raised to 225 million shares on July 7, 2026, and roughly $39 million of the $50 million at-the-market program is still undrawn — about 39 percent of additional shares at a price near a dollar.
Cost discipline and management commitment
Veritone says it has removed more than $60 million of annualized cost since January 1, 2023, including $11.3 million from the June 2026 cut (as of August 13, 2026) with roughly 14 percent fewer employees. Operating loss fell from $99.570 million (2023) to $81.254 million (2025). The chief executive halved his base salary from $665,000 to $332,500 in July 2026 and bought 148,810 shares at a weighted average of $0.851 on August 21, 2026.
Worth Noting
VERI reached our research list through the attention screen of our in-house stock scanner (tickers mentioned most often in the large retail investor forums, as of September 6, 2026) — not through a fundamental metric.
Every figure in this analysis comes from primary SEC documents (10-K for 2024 and 2025, 10-Q as of 06/30/2026, Forms 8-K of 04/14, 04/28, 06/10, 07/16 and 08/13/2026, Form 8-K/A of 08/13/2026, Form 4 of 08/24/2026). The price anchor of $0.907 is the closing price on September 4, 2026 and deliberately not a daily quote.
Revenue and earnings series are deliberately limited to 2023 through 2025: the sale of advertising agency subsidiary Veritone One in October 2024 is treated retrospectively as a discontinued operation, so older figures measure something different.
Possible confusion: Veritone, Inc. (Nasdaq: VERI) should not be mistaken for similarly named consulting or staffing firms. The Broadbean brand belongs to the talent acquisition business; the divested advertising agency Veritone One has not been part of the group since October 2024.
Stock Watch
This analysis is as of September 7, 2026. Stock Watch will tell you what's changed at VERI since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 0.785 $ to 8.40 $ · Last price: 1.10 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Software - Infrastructure
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Veritone Inc VERI | 0.1 | – | -7.6 | 66.2 | – | -0.5 | -73.7 |
| Microsoft Corporation MSFT | 3,632.6 | 30.8 | 17.6 | 67.9 | 46.3 | 14.9 | -1.6 |
| Oracle Corporation ORCL | 435.3 | 24.7 | 14.8 | 64.0 | 36.2 | 17.4 | -49.5 |
| Palantir Technologies Inc. PLTR | 432.5 | 199.0 | 147.5 | 84.8 | 46.2 | 56.2 | 4.7 |
| Palo Alto Networks Inc PANW | 305.7 | 302.6 | 194.0 | 70.4 | -2.5 | 14.9 | 84.7 |
| Crowdstrike Holdings Inc CRWD | 248.2 | – | 490.1 | 75.2 | -2.2 | 21.7 | 120.6 |
| Fortinet Inc FTNT | 124.2 | 61.8 | 39.6 | 80.2 | 31.3 | 14.2 | 115.0 |
| Cloudflare Inc NET | 115.1 | – | 2,805.8 | 72.6 | -9.7 | 29.9 | 56.1 |
| Synopsys Inc SNPS | 73.0 | 77.0 | 22.3 | 82.9 | 10.4 | 15.1 | -10.4 |
| Median of companies shown | 248.2 | 69.4 | 39.6 | 72.6 | 20.8 | 15.1 | 4.7 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 9 | -24 | -27 | -3.98 | -27 | -46 | 22 |
| 2017 | 14 | -47 | -60 | -5.77 | -32 | 61 | 89 |
| 2018 | 27 | -62 | -61 | -3.48 | -38 | 62 | 120 |
| 2019 | 50 | -64 | -62 | -2.85 | -30 | 47 | 109 |
| 2020 | 58 | -48 | -48 | -1.74 | 1 | 88 | 178 |
| 2021 | 58 | -48 | -48 | -1.44 | 7 | 81 | 505 |
| 2022 | 150 | -38 | -26 | -0.71 | 4 | 80 | 425 |
| 2023 | 100 | -100 | -59 | -1.59 | -76 | 38 | 379 |
| 2024 | 93 | -88 | -37 | -0.98 | -25 | 13 | 198 |
| 2025 | 92 | -76 | -112 | -1.76 | -53 | 68 | 182 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 0.34 | 161.10 | 22 | -34.40 | 141.70 | -1 | -2 |
| 2025: Q1 | -0.21 | – | 23 | -7.00 | -88.50 | -17 | -18 |
| 2025: Q2 | -0.53 | – | 24 | -0.20 | -111.60 | -8 | -9 |
| 2025: Q3 | -0.29 | – | 27 | 20.90 | -109.90 | -16 | -17 |
| 2025: Q4 | -0.40 | -216.40 | 18 | -19.30 | -204.40 | -12 | -14 |
| 2026: Q1 | -0.21 | – | 20 | -9.80 | -96.30 | -12 | -12 |
| 2026: Q2 | -0.24 | 54.70 | 24 | 1.30 | -91.40 | -11 | -12 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 14 of our scanner strategies — each hit links to the scanner.
Momentum & Trend
Research
Risk & Weakness
- Bankruptcy Study: Stacked Warning Signals
- Below the 50- & 200-SMA
- Downward Momentum
- Going Concern (Distress Proxy)
- Insolvency Radar: Cash Running Low
- Near 52-Week Low
- RS Weakness (≤10)
- Stage 4 (Downtrend)
- Stan Weinstein: Stage 4
- Stan Weinstein: Stage 4B-
- Weakness Cluster
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.35 | -0.41 – -0.29 | 103 | 45.9% | 2 |
| 12/31/2027 | -0.12 | -0.17 – -0.06 | 137 | 66.3% | 2 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Veritone verkauft Künstliche Intelligenz als Kernprodukt: Das hauseigene KI-Betriebssystem aiWARE ist die Grundlage praktisch des gesamten Umsatzes, von der Behörden-Software Redact bis zur Datenaufbereitung Veritone Data Refinery.
View the full file — quotes, sources, reviewed filings
„Veritone, Inc., a Delaware corporation (“Veritone,” and together with its subsidiaries, collectively, the “Company”), is a provider of artificial intelligence (“AI”) computing solutions. The Company’s proprietary AI operating system, aiWARE, uses machine learning algorithms, or AI models, together with a suite of powerful applications, to reveal valuable insights from vast amounts of structured and unstructured data."
Veritone, Inc., eine Gesellschaft nach dem Recht von Delaware, ist ein Anbieter von Rechenlösungen der Künstlichen Intelligenz (KI). Das hauseigene KI-Betriebssystem aiWARE nutzt Algorithmen des maschinellen Lernens, also KI-Modelle, zusammen mit einer Reihe leistungsfähiger Anwendungen, um wertvolle Erkenntnisse aus großen Mengen strukturierter und unstrukturierter Daten zu gewinnen.
10-Q · 2026-08-13 · View SEC filing
„We are a leader in AI-based Software Products & Services. Our proprietary AI operating system, aiWARE, uses machine learning algorithms, or AI models, together with a suite of powerful applications, to reveal valuable insights from vast amounts of structured and unstructured data."
Wir sind ein führender Anbieter von KI-gestützten Softwareprodukten und -diensten. Unser eigenes KI-Betriebssystem aiWARE nutzt Algorithmen des maschinellen Lernens, also KI-Modelle, zusammen mit einer Reihe leistungsfähiger Anwendungen, um wertvolle Erkenntnisse aus großen Mengen strukturierter und unstrukturierter Daten zu gewinnen.
10-K · 2026-04-15 · View SEC filing
„To address the ever-growing challenges surrounding unstructured data, we developed aiWARE, our proprietary AI operating system. aiWARE orchestrates AI models, together with a suite of powerful applications on a secure open platform to reveal valuable insights from vast amounts of structured and unstructured data."
Um die stetig wachsenden Herausforderungen rund um unstrukturierte Daten zu bewältigen, haben wir aiWARE entwickelt, unser eigenes KI-Betriebssystem. aiWARE orchestriert KI-Modelle gemeinsam mit einer Reihe leistungsfähiger Anwendungen auf einer sicheren, offenen Plattform, um wertvolle Erkenntnisse aus großen Mengen strukturierter und unstrukturierter Daten zu gewinnen.
10-K · 2026-04-15 · View SEC filing
Filings Reviewed: 10-Q 2026-08-13 · 10-K 2026-04-15 · 10-K 2025-04-01 · 10-Q 2026-05-14 · 8-K 2026-08-13 · 8-K 2026-04-28
Rated on September 7, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -14.9%
- More than 10% revenue growth is expected for the coming year 20.3%
- Share count grows by less than 3% a year 20.7%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -63.6%
- Gross margin at 40% or higher and without meaningful erosion 38.4%
- Goodwill from acquisitions does not grow faster than revenue 29.8%
- Net debt below twice EBITDA failed
- Operating cash flow covers the profits of the last three years 53 m
- Return on capital at 15% or higher, or up versus two years ago -97.0%
- Insiders hold at least 10% or are net buyers 11.1%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
3/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 29.6%
- Exp. sales growth 3Y > 5% 21.7%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 21.7%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% –
- ROCE > 15% -97.0%
- Expected return > 10% -47.1%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Steelberg Ryan | PRESIDENT AND CEO | Buy | 148,810 | 0.851 | 126,637 |
| Jul 14, 2026 | Steelberg Ryan | PRESIDENT AND CEO | Other | 925,000 | 0.00 | – |
| Jul 7, 2026 | Keithley Michael | Director | Other | 120,000 | 0.00 | – |
| Jul 7, 2026 | Taketa Richard H | Director | Other | 120,000 | 0.00 | – |
| Jul 7, 2026 | Kurtz Knute P. | Director | Other | 120,000 | 0.00 | – |
| Jul 7, 2026 | Zilis Michael | Director | Other | 120,000 | 0.00 | – |
| Jul 7, 2026 | Morales Francisco | Director | Other | 120,000 | 0.00 | – |
The company
About the Company
Veritone, Inc. befasst sich zusammen mit seinen Tochtergesellschaften mit der Bereitstellung von KI-Computing-Lösungen und -dienstleistungen in den USA, dem Vereinigten Königreich, Frankreich, Australien, Israel und Indien.
- Employees
- 437
- Headquarters
- Irvine, CA
- Address
- 5291 California Avenue, 92617 Irvine, United States
- Phone
- 888 507 1737
- Website
- veritone.com
- IPO Date
- 05/12/2017
- ISIN
- US92347M1009
- Stock Split
- 0.6:1 on 04/20/2017
Management
| Name | Title | Birth Year |
|---|---|---|
| Ryan Scott Steelberg | Co-Founder, President, CEO & Chairman | 1974 |
| Michael L. Zemetra CPA | Executive VP, CFO & Treasurer | 1971 |
| Craig S. Gatarz | Chief Legal Officer | 1962 |
| Thor Valdmanis | Senior Vice President of Corporate Communications | – |
| Julie Harding | Chief People Officer | – |
| John A. Ganley Jr. | Senior Advisor to the Chief Executive Officer | 1948 |
| Albert C. Brown | CTO of aiWARE | – |
| Matthew O'Connor | Chief Revenue Officer of Veritone HR Solutions | – |
| Sean Patrick King | Chief Revenue Officer & GM of Veritone Commercial | – |
| Chris Doe | Senior Vice President of Product | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 08/13/2026 Veritone, Inc. (VERI): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
- 07/16/2026 Veritone, Inc. (VERI): Other Events SEC ↗
- 07/10/2026 Veritone, Inc. (VERI): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year; Submission of Matters to a Vote of Security Holders; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.