earnings
confidence high
sentiment neutral
materiality 0.70
Veritone Q2 revenue $24.3M up 5% YoY; net loss $22.2M, cost cuts $11.3M
Veritone, Inc.
- Q2 2026 revenue $24.3M, up 4.6% YoY; ARR $62.0M, up slightly YoY.
- GAAP net loss $22.2M (improved 16.4% YoY); non-GAAP net loss $10.0M, up 18.4% YoY.
- Operating loss $22.1M, up 16.4% YoY, including $4.5M restructuring expenses.
- First phase restructuring delivered $11.3M annualized cost cuts (~11% of opex); targeting $3.5-8.5M more by year-end 2026.
- CEO Ryan Steelberg targets operating profitability as early as H1 2027.