VERINasdaqServices-Computer Processing & Data PreparationUS GAAP · USD

Veritone, Inc.

Veritone, Inc. is a U.S.-based software and services company centered on its aiWARE platform, which applies artificial intelligence to help organizations search, analyze, and manage audio, video, and other data. The company also offers Veritone Hire talent acquisition solutions, VDR, and related support, implementation, and managed services for commercial enterprise and public sector customers.

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Revenue92.2m USD
−0.5 %y/y
Operating profit (EBIT)-81.3m USD
+7.9 %y/y
EBIT margin-88.1%
+7.1 ppy/y
Net income-112m USD
−198.9 %y/y
Free cash flow-58.2m USD
−88.8 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-100-50050100150m USD2020: 58 m USD2020: EBIT -48 m USD20202021: 115 m USD2021: EBIT -61 m USD20212022: 150 m USD2022: EBIT -38 m USD20222023: 128 m USD2023: EBIT -92 m USD20232024: 93 m USD2024: EBIT -88 m USD20242025: 92 m USD2025: EBIT -81 m USD202592-81
RevenueOperating profit (EBIT)
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Business

Share of revenue
Software Products & Services69 %

Revenue from aiWARE, VDR, Veritone Hire, support, maintenance, and implementation services.

Managed Services31 %

Revenue from content licensing, representation services, and related advertising services.

Products

Reported · share of revenue
71.4%21.2%FY2025100 %
  • Software Products and Services71.4 %
  • Licensing21.2 %
  • Representation Services7.4 %

Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.

Customers

Veritone serves two main customer groups: Commercial Enterprise and Public Sector. Commercial Enterprise includes media and entertainment, representation, and talent acquisition customers, while Public Sector includes state, local, and federal government, legal, and compliance customers.

Commercial Enterprise

Buys aiWARE, VDR, Veritone Hire, and managed services for media, talent, and content workflows.

Public Sector

Buys software tools for government, legal, and compliance use cases.

Media and Entertainment

Uses AI software and managed services to organize, search, and monetize media assets.

Talent Acquisition

Uses Veritone Hire and Broadbean to source and manage recruiting workflows.

Government, Legal, and Compliance

Uses software to support public-sector workflows, evidence handling, and compliance tasks.

Strategy

Veritone’s stated strategy is to focus on its core software business, especially Software Products & Services, while reducing exposure to non-core operations. The company is emphasizing organic growth, product development, and more efficient capital allocation around aiWARE, VDR, and Veritone Hire.

Grow Software Products & ServicesShort term

This is the core recurring software engine and the main focus of the business.

Deepen focus on core end marketsMedium term

Commercial enterprise and public sector are the main customer groups supporting the platform strategy.

Simplify the portfolio through divestituresMedium term

Reducing non-core operations can lower complexity and sharpen management focus.

Geography

The company is headquartered in the United States and its reported customer mix is organized by end market rather than by country. Based on the disclosed customer groups, its business is primarily tied to U.S. commercial enterprise and public sector demand, with operations and sales exposure concentrated in those domestic markets.

Risks

Veritone depends on continued customer adoption of its AI platform and related software, so product relevance and technology execution are central risks. The business also faces concentration in a small number of end markets, plus legal, regulatory, and contract risks typical of software, media, and public-sector technology providers.

Sorted by severity
Technology and product relevance riskHigh

Demand depends on maintaining the attractiveness of aiWARE, VDR, and Hire solutions.

Exposure: aiWARE platform and related software products

Leverage and refinancing riskHigh

Debt maturities and covenant compliance can affect financial flexibility.

Litigation and legal expense riskMedium

The company may face claims arising from normal operations, creating defense and settlement costs.

Customer concentration by end marketMedium

Revenue is tied to a limited set of commercial and public-sector use cases.

ExposureMediaHiringGovernmentLegalCompliance customers
Public-sector procurement riskMedium

Government customers can face budget timing, approval, and contract renewal delays.

ExposureStateLocalFederal government customers
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Accounting

Judgemental items
Revenue recognition

Software, support, implementation, licensing, and managed services may be recognized differently and affect quarterly comparability.

Impact: Can shift revenue timing between periods

Uncertain tax positions

The company recorded a gross liability for uncertain tax positions, which may change with audit outcomes.

Impact: Can affect tax expense and liabilities

Debt and convertible notes

Term loan and convertible notes require interest, discount, and maturity-related accounting judgments.

Impact: Affects interest expense, balance sheet classification, and liquidity analysis

Discontinued operations

Divested businesses are excluded from continuing operations and can change trend analysis.

Impact: Affects comparability of revenue and margins

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Last updated: 24/09/2026