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Side-by-side financial comparison of Farmland Partners Inc. (FPI) and Veritone, Inc. (VERI). Click either name above to swap in a different company.

Veritone, Inc. is the larger business by last-quarter revenue ($26.6M vs $20.7M, roughly 1.3× Farmland Partners Inc.). Farmland Partners Inc. runs the higher net margin — 103.4% vs -109.8%, a 213.2% gap on every dollar of revenue. On growth, Veritone, Inc. posted the faster year-over-year revenue change (21.1% vs -3.5%). Over the past eight quarters, Veritone, Inc.'s revenue compounded faster (39.0% CAGR vs 31.4%).

Farmland Industries was the largest agricultural cooperative in North America when it eventually sold all of its assets in 2002–04. During its 74-year history, Farmland served its farmer membership as a diversified, integrated organization, playing a significant role in agricultural markets both domestically and worldwide.

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.

FPI vs VERI — Head-to-Head

Bigger by revenue
VERI
VERI
1.3× larger
VERI
$26.6M
$20.7M
FPI
Growing faster (revenue YoY)
VERI
VERI
+24.6% gap
VERI
21.1%
-3.5%
FPI
Higher net margin
FPI
FPI
213.2% more per $
FPI
103.4%
-109.8%
VERI
Faster 2-yr revenue CAGR
VERI
VERI
Annualised
VERI
39.0%
31.4%
FPI

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
FPI
FPI
VERI
VERI
Revenue
$20.7M
$26.6M
Net Profit
$21.4M
$-29.2M
Gross Margin
Operating Margin
-68.2%
Net Margin
103.4%
-109.8%
Revenue YoY
-3.5%
21.1%
Net Profit YoY
-63.5%
-34.5%
EPS (diluted)
$0.44

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FPI
FPI
VERI
VERI
Q4 25
$20.7M
Q3 25
$11.3M
$26.6M
Q2 25
$10.0M
$23.2M
Q1 25
$10.3M
$22.5M
Q4 24
$21.5M
$22.4M
Q3 24
$13.3M
$22.0M
Q2 24
$11.4M
$24.1M
Q1 24
$12.0M
$24.2M
Net Profit
FPI
FPI
VERI
VERI
Q4 25
$21.4M
Q3 25
$483.0K
$-29.2M
Q2 25
$7.6M
$-26.5M
Q1 25
$2.0M
$-19.9M
Q4 24
$58.7M
$31.8M
Q3 24
$1.8M
$-21.7M
Q2 24
$-2.0M
$-22.2M
Q1 24
$1.4M
$-25.2M
Gross Margin
FPI
FPI
VERI
VERI
Q4 25
Q3 25
Q2 25
72.6%
Q1 25
Q4 24
Q3 24
71.2%
Q2 24
72.6%
Q1 24
70.8%
Operating Margin
FPI
FPI
VERI
VERI
Q4 25
Q3 25
4.3%
-68.2%
Q2 25
78.2%
-82.0%
Q1 25
20.6%
-96.3%
Q4 24
-93.8%
Q3 24
13.9%
-102.3%
Q2 24
-17.9%
-84.4%
Q1 24
11.9%
-100.9%
Net Margin
FPI
FPI
VERI
VERI
Q4 25
103.4%
Q3 25
4.3%
-109.8%
Q2 25
76.3%
-114.2%
Q1 25
19.9%
-88.5%
Q4 24
273.6%
141.7%
Q3 24
13.5%
-98.9%
Q2 24
-17.5%
-92.4%
Q1 24
11.5%
-104.3%
EPS (diluted)
FPI
FPI
VERI
VERI
Q4 25
$0.44
Q3 25
$0.00
Q2 25
$0.14
$-0.53
Q1 25
$0.03
$-0.41
Q4 24
$1.09
$0.85
Q3 24
$0.02
$-0.57
Q2 24
$-0.06
$-0.59
Q1 24
$0.01
$-0.67

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FPI
FPI
VERI
VERI
Cash + ST InvestmentsLiquidity on hand
$36.2M
Total DebtLower is stronger
$161.6M
$35.4M
Stockholders' EquityBook value
$467.4M
$15.5M
Total Assets
$719.1M
$198.6M
Debt / EquityLower = less leverage
0.35×
2.28×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FPI
FPI
VERI
VERI
Q4 25
Q3 25
$36.2M
Q2 25
$13.6M
Q1 25
$16.1M
Q4 24
$16.9M
Q3 24
$11.4M
Q2 24
$46.0M
Q1 24
$90.7M
Total Debt
FPI
FPI
VERI
VERI
Q4 25
$161.6M
Q3 25
$170.4M
$35.4M
Q2 25
$193.4M
$37.3M
Q1 25
$202.6M
$39.2M
Q4 24
$204.6M
$41.2M
Q3 24
$394.0M
$73.6M
Q2 24
$393.0M
$75.6M
Q1 24
$383.0M
$77.5M
Stockholders' Equity
FPI
FPI
VERI
VERI
Q4 25
$467.4M
Q3 25
$457.3M
$15.5M
Q2 25
$473.5M
$3.5M
Q1 25
$492.2M
$14.8M
Q4 24
$494.6M
$13.5M
Q3 24
$519.4M
$-25.2M
Q2 24
$521.5M
$-5.7M
Q1 24
$526.7M
$14.9M
Total Assets
FPI
FPI
VERI
VERI
Q4 25
$719.1M
Q3 25
$738.5M
$198.6M
Q2 25
$776.7M
$188.1M
Q1 25
$810.5M
$199.6M
Q4 24
$869.6M
$198.1M
Q3 24
$1.0B
$336.4M
Q2 24
$1.0B
$321.8M
Q1 24
$1.0B
$359.6M
Debt / Equity
FPI
FPI
VERI
VERI
Q4 25
0.35×
Q3 25
0.37×
2.28×
Q2 25
0.41×
10.71×
Q1 25
0.41×
2.66×
Q4 24
0.41×
3.06×
Q3 24
0.76×
Q2 24
0.75×
Q1 24
0.73×
5.21×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FPI
FPI
VERI
VERI
Operating Cash FlowLast quarter
$17.4M
$-15.9M
Free Cash FlowOCF − Capex
$-17.1M
FCF MarginFCF / Revenue
-64.2%
Capex IntensityCapex / Revenue
4.6%
Cash ConversionOCF / Net Profit
0.81×
TTM Free Cash FlowTrailing 4 quarters
$-46.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FPI
FPI
VERI
VERI
Q4 25
$17.4M
Q3 25
$-2.0M
$-15.9M
Q2 25
$-2.2M
$-8.2M
Q1 25
$6.4M
$-17.0M
Q4 24
$16.1M
$-500.0K
Q3 24
$-4.3M
$3.6M
Q2 24
$-6.1M
$-42.7M
Q1 24
$11.9M
$14.9M
Free Cash Flow
FPI
FPI
VERI
VERI
Q4 25
Q3 25
$-17.1M
Q2 25
$-9.2M
Q1 25
$-18.4M
Q4 24
$-1.7M
Q3 24
$1.9M
Q2 24
$-44.1M
Q1 24
$13.1M
FCF Margin
FPI
FPI
VERI
VERI
Q4 25
Q3 25
-64.2%
Q2 25
-39.6%
Q1 25
-81.9%
Q4 24
-7.4%
Q3 24
8.6%
Q2 24
-183.4%
Q1 24
54.2%
Capex Intensity
FPI
FPI
VERI
VERI
Q4 25
Q3 25
4.6%
Q2 25
4.1%
Q1 25
6.0%
Q4 24
5.2%
Q3 24
7.7%
Q2 24
5.9%
Q1 24
7.6%
Cash Conversion
FPI
FPI
VERI
VERI
Q4 25
0.81×
Q3 25
-4.04×
Q2 25
-0.29×
Q1 25
3.12×
Q4 24
0.27×
-0.02×
Q3 24
-2.39×
Q2 24
Q1 24
8.66×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FPI
FPI

Segment breakdown not available.

VERI
VERI

Software Products And Services$20.9M78%
Other$2.3M9%
Public Sector$2.0M7%
Representation Services$1.5M6%

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