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what it is
Veritone sells software that turns audio, video, and text into searchable answers.
how it gets paid
Last year Veritone made $93M in revenue. Commercial enterprise AI software was the main engine at $36M, or 39% of sales.
what just happened
Revenue hit $76M in the latest quarter, while EPS stayed at -$0.95.
At a glance
C balance sheet — red flag territory — real financial stress
55/100 earnings predictability — expect surprises
-$2.53 fy2024 eps est
$93M fy2024 rev est
95.2% operating margin
xvary composite: 27/100 — weak
What they do
Veritone sells software that turns audio, video, and text into searchable answers.
aiWARE handles structured data and messy files in one system. That means your spreadsheets, audio, and video do not need three different tools. The absurd part is scale: Veritone did $93M of annual revenue with 469 employees.
How they make money
$93M
annual revenue
Commercial enterprise AI software
$36M
+22.0%
Public sector AI solutions
$27M
+18.0%
Media and entertainment tools
$15M
+12.0%
Data licensing marketplace
$10M
+9.0%
Services and support
$5M
+6.0%
The products that matter
enterprise AI operating system
aiWARE
$93M revenue base
it's the platform underneath the company's $93M annual revenue base, but that base shrank 27.4% last year. the product matters because the rest of the story depends on it becoming stickier than the numbers currently show.
core platform
data processing and enrichment
Veritone Data Refinery (VDR)
$15M+ qualified pipeline
this is the main growth bet. the qualified pipeline moved from $10M to more than $15M, which sounds good because it is. it also means execution still has to turn pipeline into booked revenue.
main growth bet
Key numbers
$93M
annual revenue
You are looking at a tiny sales base for a public software company. That makes every contract win matter more than the headline sounds.
95.2%
op margin
The business is still spending almost all its operating revenue. That is why growth alone does not fix the stock.
$108M
debt
Debt is bigger than a lot of small software companies' market caps. That keeps pressure on the equity.
160%
q3 revenue growth
The latest quarter grew fast enough to grab attention. The catch is that fast growth still came with a loss.
Financial health
C
strength
- balance sheet grade C — very weak — significant financial distress
- risk rank 5 — safer than 5% of stocks
- price stability 5 / 100
- long-term debt $108M (29% of capital)
C — below average. watch for debt servicing and cash burn.
Total return vs. market
Return history isn't available for VERI right now.
source: institutional data · return history unavailable
What just happened
missed estimates
Revenue hit $76M in the latest quarter, while EPS stayed at -$0.95.
Revenue rose 160% vs. prior year. The profit line still did not join the party.
$76M
revenue
$0.95
eps
n/a
n/a
revenue jump
The $76M quarter matters because it shows demand is real, but the company still lost $0.95 per share.
source: company earnings report, 2026
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What could go wrong
the #1 risk is cash burn against a capital structure that already carries $108M in long-term debt.
med
balance sheet stress
A C-grade balance sheet is not a cosmetic issue. Veritone carries $108M in long-term debt, equal to more than its $93M annual revenue estimate. That leaves little room for another operating stumble.
If losses stay near $5.8M a quarter, financing becomes part of the story, not background noise.
med
pipeline conversion risk
The bull case leans hard on a qualified pipeline above $15M, up from $10M. That is progress. It is also only roughly 16% of the current $93M revenue base, so even full conversion would not solve everything.
If pipeline growth does not translate into reported sales, the AI story starts looking like a sales-deck story.
med
violent stock behavior
The stock has traded between $1 and $9 over the last 52 weeks and scores 5 / 100 on price stability. You are not buying calm here. You are buying a name that reprices fast when the narrative changes.
That volatility can amplify upside and downside, especially when fundamentals are still trying to catch up.
A company doing $93M in annual revenue with $108M in long-term debt and a recent $5.8M quarterly loss does not have much room for execution misses.
source: institutional data · regulatory filings · risk analysis
Pay attention to
metric
VDR pipeline conversion
The pipeline grew from $10M to more than $15M. That got the market's attention. The only part that matters next is how much becomes booked revenue.
calendar
Q4 and full-year 2025 earnings
This is the next hard checkpoint. You want to see revenue hold up better and losses narrow again from the $5.8M quarterly level.
risk
balance sheet pressure
A quick ratio of 1.31 buys some time. It does not remove $108M in long-term debt. Watch for any sign that operating losses force the company back to the capital markets.
trend
narrative versus business
The stock is up 60% this year, but sales still fell 27.4% last year. If business traction does not catch up, the chart can give back gains just as fast as it made them.
Analyst rankings
earnings predictability
55 / 100
In human-speak: analysts do not have a clean read on the next few quarters, so surprises are part of the package.
risk rank
5
Safer than just 5% of stocks. Translation: the market sees this as a high-risk name, and the balance sheet explains why.
price stability
5 / 100
This is volatility, not steadiness. If you own it, expect the stock to react hard to every earnings print and financing concern.
source: institutional data
Institutional activity
institutional ownership data for VERI is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$5
current price
n/a
target midpoint · n/a from current
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