Veritone (NASDAQ:VERI) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

by · The Cerbat Gem

Veritone (NASDAQ:VERI – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02), Zacks reports. Veritone had a negative return on equity of 266.00% and a negative net margin of 115.52%.

Here are the key takeaways from Veritone’s conference call:

  • Veritone said Q1 momentum in its VDR business accelerated, with Google and NVIDIA now signed as customers and the near-term pipeline rising to nearly $70 million. Management reiterated full-year 2026 revenue guidance of $130 million-$145 million.
  • The company announced a strategic Oracle partnership to scale aiWARE, VDR, and its applications on OCI, which it says should lower compute costs by more than 20% and support future growth. Veritone also expects to use the partnership as a co-selling and enterprise/public sector sales advantage.
  • Veritone highlighted strong public sector momentum, with revenue in that segment growing 69% year over year in Q1. Management said demand is broadening across federal, state, local, and international agencies, with record pipeline levels and expansion expected through 2026.
  • Management said it is actively reducing the company’s breakeven floor by about 30% through operating efficiency initiatives, and still sees a path to operating profitability as early as Q4 2026. The company also plans to keep investing in R&D for VDR and public sector products.
  • Q1 revenue was $20.3 million, down year over year, as several large hyperscaler and public sector deals were delayed into later quarters. Cash and restricted cash ended the quarter at $15.4 million, while total debt was about $45 million after prior debt paydown.

Veritone Stock Down 14.6%

NASDAQ:VERI traded down $0.33 during mid-day trading on Tuesday, hitting $1.91. 3,409,417 shares of the company traded hands, compared to its average volume of 2,462,860. The firm has a market cap of $177.07 million, a price-to-earnings ratio of -2.84 and a beta of 2.25. The stock’s fifty day moving average price is $2.38 and its 200-day moving average price is $3.82. Veritone has a one year low of $1.22 and a one year high of $9.42.

Analyst Upgrades and Downgrades

Several analysts recently commented on VERI shares. HC Wainwright reaffirmed a “buy” rating and issued a $9.00 price objective on shares of Veritone in a report on Monday, March 30th. Wall Street Zen lowered Veritone from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Veritone in a report on Wednesday, April 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Veritone in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $9.00.

Read Our Latest Stock Analysis on Veritone

Hedge Funds Weigh In On Veritone

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Veritone by 63.1% in the third quarter. Vanguard Group Inc. now owns 2,754,165 shares of the company’s stock worth $13,275,000 after acquiring an additional 1,065,460 shares during the period. Cooper Creek Partners Management LLC bought a new position in shares of Veritone in the third quarter worth about $11,718,000. Marshall Wace LLP boosted its stake in shares of Veritone by 16,314.3% in the third quarter. Marshall Wace LLP now owns 1,676,397 shares of the company’s stock worth $8,080,000 after acquiring an additional 1,666,184 shares during the period. Geode Capital Management LLC lifted its position in shares of Veritone by 81.4% in the fourth quarter. Geode Capital Management LLC now owns 984,749 shares of the company’s stock worth $4,581,000 after buying an additional 441,875 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Veritone by 106.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 669,515 shares of the company’s stock worth $3,113,000 after buying an additional 345,178 shares in the last quarter. Institutional investors own 39.18% of the company’s stock.

Veritone Company Profile

(Get Free Report)

Veritone, Inc (NASDAQ: VERI) is a technology company specializing in artificial intelligence solutions for media, legal, government and enterprise applications. Its flagship offering, aiWARE™, is a cloud-based operating system that orchestrates and automates an ecosystem of machine learning models to transform unstructured data—such as audio, video and text—into actionable intelligence. By providing a modular AI environment, Veritone enables organizations to deploy, manage and scale cognitive engines that address diverse use cases from transcription and translation to sentiment analysis and facial recognition.

Through aiWARE and its suite of purpose-built applications, the company delivers turnkey solutions for content licensing, media monitoring, eDiscovery, compliance and public safety.

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