Veritone, Inc.VERIEarnings & Financial Report
Veritone, Inc. is an American artificial intelligence technology company based in Irvine, California founded in 2014. It serves a variety of industries including media, professional sports teams, federal government agencies, energy utilities, and state and local police departments.
Revenue
$24.1M
Gross Profit
$17.5M
Operating Profit
$-20.3M
Net Profit
$-22.2M
Gross Margin
72.6%
Operating Margin
-84.4%
Net Margin
-92.4%
YoY Growth
-14.0%
EPS
$-0.59
Veritone, Inc. Q2 FY2024 Financial Summary
Veritone, Inc. reported revenue of $24.1M (down 14.0% YoY) for Q2 FY2024, with a net profit of $-22.2M (up 4.6% YoY) (-92.4% margin). Cost of goods sold was $6.6M, operating expenses totaled $37.8M.
Key Financial Metrics
| Total Revenue | $24.1M |
|---|---|
| Net Profit | $-22.2M |
| Gross Margin | 72.6% |
| Operating Margin | -84.4% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Veritone, Inc. Q2 FY2024 revenue of $24.1M breaks down across 4 segments, led by Software Products And Services at $14.5M (60.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Software Products And Services | $14.5M | 60.3% |
| License | $4.9M | 20.3% |
| Other | $3.5M | 14.7% |
| Public Sector | $1.1M | 4.7% |
Veritone, Inc. Revenue by Segment — Quarterly Trend
Veritone, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Software Products And Services and License) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Software Products And Services | $20.9M | $15.3M | $13.1M | $14.1M |
| License | — | $5.0M | $5.2M | — |
| Other | $2.3M | $1.3M | — | — |
| Public Sector | $2.0M | — | $1.3M | $1.4M |
Veritone, Inc. Annual Revenue by Year
Veritone, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $92.6M).
| Year | Annual Revenue |
|---|---|
| 2024 | $92.6M |
| 2023 | $100.0M |
| 2022 | $149.7M |
Veritone, Inc. Quarterly Revenue & Net Profit History
Veritone, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $26.6M | +21.1% | $-29.2M | -109.8% |
| Q2 FY2025 | $23.2M | -3.6% | $-26.5M | -114.2% |
| Q1 FY2025 | $22.5M | -7.0% | $-19.9M | -88.5% |
| Q4 FY2024 | $22.4M | +62.7% | $31.8M | 141.7% |
| Q3 FY2024 | $22.0M | -21.4% | $-21.7M | -98.9% |
| Q2 FY2024 | $24.1M | -14.0% | $-22.2M | -92.4% |
| Q1 FY2024 | $24.2M | -20.2% | $-25.2M | -104.3% |
| Q4 FY2023 | $13.8M | -68.6% | $12.2M | 88.3% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.8M | $24.2M | $24.1M | $22.0M | $22.4M | $22.5M | $23.2M | $26.6M |
| YoY Growth | -68.6% | -20.2% | -14.0% | -21.4% | 62.7% | -7.0% | -3.6% | 21.1% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $378.9M | $359.6M | $321.8M | $336.4M | $198.1M | $199.6M | $188.1M | $198.6M |
| Liabilities | $340.7M | $344.8M | $327.5M | $361.6M | $184.6M | $184.9M | $184.6M | $183.1M |
| Equity | $38.1M | $14.9M | $-5.7M | $-25.2M | $13.5M | $14.8M | $3.5M | $15.5M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-28.3M | $14.9M | $-42.7M | $3.6M | $-500000 | $-17.0M | $-8.2M | $-15.9M |