secwatch.observer — SEC 8-K summary
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Issuer:     Veritone, Inc. (VERI)
CIK:        0001615165
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0000950170-25-067024
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Veritone Q1 2025 revenue $22.5M, down 7% YoY; net loss $19.9M improves from $25.2M
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- Total revenue $22.5M, down 7% YoY; Software Products & Services $14.5M (-4.8% YoY), Managed Services $8.0M (-10.7% YoY).
- GAAP gross margin 61.1% vs 67.6% YoY; Non-GAAP gross margin 65.1% vs 71.2% YoY.
- Total ARR (SaaS & Consumption) $58.7M from 3,156 customers; SaaS ARR $47.5M (81% of total).
- New bookings $15.8M, up 22% YoY; VDR pipeline >$10M, up from $5M in March 2025.
- Net loss $19.9M vs $25.2M in Q1 2024; non-GAAP net loss from continuing ops $11.1M (up 7.6% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1615165/000095017025067024/0000950170-25-067024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1615165/000095017025067024/veri-20250508.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-067024

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer