Veritone Q2 revenue flat at $24M; net loss widens to $26.8M; secures USAF contract

Veritone, Inc.

2025-Q2 EPS reported -$0.95 vs consensus -$0.19 ▼ miss (-410.2%)

Total revenue $24.0M (flat YoY); Software Products & Services up 11.8% to $17.5M; Managed Services down 22.3% to $6.5M.
GAAP net loss $26.8M ($4.6M worse YoY) due to non-cash earnout adjustment; Non-GAAP net loss from cont. ops $8.7M (10.2% improvement).
Secured sole-source contract with US Air Force to deploy aiWARE & iDEMS across portions of DoD.
Cost reduction program targets $10M annualized savings; $8M already achieved in Q2 2025.
Closed $10M equity raise ($9M registered direct + $1M CEO private placement) for working capital and AI platform development.

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