Highest-materiality recent filing
Veritone shareholders approve 50% increase in authorized shares and new equity plan
Authorized common shares increased from 150M to 225M via Charter Amendment filed July 10.
Veritone announces restructuring: 25% workforce reduction, expects up to 30% annual expense cut
Workforce reduction of at least 25% of employees as of March 31, 2026, initiated June 10, 2026.
Veritone Q1 revenue $20.3M (-9.8% YoY); VDR pipeline >$68M, signs Google, NVIDIA
Revenue $20.3M (-9.8% YoY); GAAP net loss $19.5M; non-GAAP net loss $11.9M.
Veritone dismisses Grant Thornton, appoints CBIZ; discloses material weaknesses
Dismissed Grant Thornton as auditor on April 23, 2026; Audit Committee approved.
Errors include $2.2M revenue overstatement from on-premise software deal, ~8% of Q3 revenue.
Veritone reports preliminary Q4 2025 revenue $18.1M-$30M, announces Oracle deal
Q4 preliminary revenue $18.1M-$30.0M; GAAP net loss from cont ops $37.0M-$25.1M; non-GAAP net loss $13.9M-$2.0M.
Veritone clarifies Q3 $8M non-cash earnout; adjusted EPS loss improves to $(0.09) from $(0.29)
The $8.0M Q3 expense was non-cash and non-operational, reflecting estimated change in earnout from Oct 2024 Veritone One divestiture.
Veritone Q3 revenue $29.1M (+32% YoY); non-GAAP net loss improves 48%, debt paydown announced
Revenue $29.1M, +32.4% YoY; Software Products & Services $22.8M (+55.5% YoY, ex-Hire >200%).
Veritone repays $36.7M term loan, buys back ~$45.7M convertible notes with cash and stock
Term loan repayment of $36.7M on Nov 12, 2025 includes $31.8M principal, $0.5M interest, and 14% prepayment premium.
Veritone announces registered direct offering of 12.86M shares
Offering of 12,864,494 shares of common stock at $0.001 par value.
Veritone prelim Q3 revenue $28.5-28.7M (+30.5% YoY), net loss widens 7.9%
Revenue $28.5-28.7M, up ~30.5% YoY at midpoint vs $21.9M in Q3 2024.
Veritone prices $75M registered direct offering of 12.86M shares at $5.83
Issued 12,864,494 shares at $5.83 per share in a registered direct offering.
Veritone Q3 prelim revenue $28.5-28.7M (+30% YoY), VDR pipeline hits $40M
Preliminary Q3 2025 revenue $28.5M-$28.7M, up ~30.5% YoY at midpoint.
Veritone closes $25M public offering at $2.63/share; over-allotment fully exercised
Offered 9,505,705 shares at $2.63 per share; gross proceeds ~$25M.
Minimum Consolidated Liquidity covenant reduced to $5M from June 13 to Sept 12, 2025; increases to $15M thereafter.
Veritone Q2 revenue flat at $24M; net loss widens to $26.8M; secures USAF contract
Total revenue $24.0M (flat YoY); Software Products & Services up 11.8% to $17.5M; Managed Services down 22.3% to $6.5M.
Registered direct offering of 6.5M shares and 1.8M pre-funded warrants at $1.09/share for ~$9M gross; CEO invests $1M via private placement at min $1.41/share.
Veritone reduces minimum liquidity covenant to $5M; issues 253,744 shares to consenting lenders
Minimum liquidity covenant reduced to $5M through June 30, 2025, then $10M through Aug 31, then $15M thereafter.
Veritone Q1 2025 revenue $22.5M, down 7% YoY; net loss $19.9M improves from $25.2M
Total revenue $22.5M, down 7% YoY; Software Products & Services $14.5M (-4.8% YoY), Managed Services $8.0M (-10.7% YoY).
Minimum liquidity covenant reduced from $15M to $10M through June 16, 2025.
Paid $1M cash to consenting lenders for waiver of Unqualified Audit Requirement in credit agreement.
Veritone FY2024 revenue $92.6M (-7% YoY); ARR down 27% to $58.8M
FY2024 revenue $92.6M (-7% YoY); net loss $37.4M improved from $58.6M loss in FY2023.
Veritone raises $20.3M via 4.4M shares and 3.6M pre-funded warrants in registered direct offering
Veritone entered agreement with Esousa Group Holdings for $20.3M gross proceeds via 4.4M shares and 3.6M pre-funded warrants at $2.53/$2.52 per unit.
Q3 total revenue $22.0M (-21% YoY); Software & Services $14.7M (-28%), Managed Services $7.3M.
Veritone sells Veritone One for up to $104M; uses proceeds to repay $30.5M term loan
Sold Veritone One to Oxford Buyer LLC (Insignia Capital) for up to $104M; received $59.1M cash at closing.
Veritone divests media agency Veritone One for up to $104M, repays term loan
Up to $104M total consideration; $59.1M cash received at close after adjustments and escrows.
Veritone Q2 revenue $31M (+11% YoY); announces formal divestiture process for non-software asset
Total revenue $31.0M, up 11% YoY; Software Products & Services revenue $15.6M, Managed Services $15.4M.
Veritone Q1 revenue $31.6M beats guidance; ARR drops 36% YoY to $72.1M
Q1 total revenue $31.6M (+4.5% YoY), above high end of guidance; net loss $25.2M vs $23.0M YoY.
Veritone Q4 revenue falls 22% to $34.2M, guides FY2024 revenue up 5-11%
Q4 2023 revenue $34.2M (-22% YoY); FY2023 revenue $127.6M (-15% YoY). Non-GAAP net loss Q4 $6.8M vs +$2.2M prior year.
Veritone closes $77.5M senior secured term loan, repurchases $50M of convertible notes at discount
Term loan of $77.5M fully drawn; interest at Term SOFR + 8.50% (3% floor), matures Dec 13, 2027.
Veritone Q3 rev $35.1M, net loss $20.9M; secures $77.5M term loan to repurchase notes at discount
Q3 2023: revenue $35.1M (down 6% YoY); net loss $20.9M vs $4.9M prior year.
Veritone enters $30M accounts receivable financing facility with Alterna Capital Solutions
Up to $30M (potential increase to $50M) for purchase of eligible accounts receivable.
Veritone Q2 revenue down 18% to $28M, net loss widens to $23.3M
Revenue $28.0M (-18% YoY); Software rev $14.1M (-23%); Managed Services $13.9M (-13%).
Veritone closes $52M cash acquisition of Broadbean from CareerBuilder
Total consideration $52M cash on cash/debt-free basis; expected to be immediately additive to operations.
Veritone acquires Broadbean for $52M cash; Amazon revenue cut of $4-5M, withdraws 2023 guidance
Acquisition of Broadbean for $52M cash; expected close late Q2 or early Q3 2023.
Veritone Q1 revenue down 12% YoY to $30.3M, net loss widens to $22.8M
Revenue $30.3M, down 12% YoY; Software Products & Services revenue $14.1M, down 22%.
On March 12, 2025, the Board appointed Francisco Morales as a member of the Board, effective as of March 20, 2025, to fill the vacancy created by Mr. Steelberg’s resignation
On March 12, 2025, Chad Steelberg informed Veritone, Inc. (the “Company”) of his decision to resign as a member of the Board of Directors of the Company (the “Board”), and any committee of the Board on which he serves, effective as of March 12, 2025.
On April 12, 2024, Jeffrey P. Gehl informed Veritone, Inc. (the “Company”) of his decision not to stand for re-election as a Class I Director at the Company’s 2024 annual meeting of stockholders, currently scheduled to be held on June 13, 2024 (the “Annual Meeting”).
The Board has nominated Michael Keithley to stand for election as a Class I Director at the Annual Meeting.
On November 6, 2023, the Board of Directors (the “Board”) of the Company increased the size of the Board from five to six members and appointed Michael Zilis as a member of the Board, effective November 8, 2023
on January 1, 2023, the Company appointed Ryan Steelberg as President and Chief Executive Officer.
Chad Steelberg resigned as Chief Executive Officer of the Company effective as of December 31, 2022,
On December 4, 2022, Nayaki R. Nayyar, a member of the Board of Directors of Veritone, Inc. (the “Company”) and a member of the Compensation Committee thereof, notified the Company of her intention to resign from the Company's Board of Directors, effective as of December 31, 2022.
The Company intends to appoint Ryan Steelberg, the Company’s current President and a member of the Board of Directors of the Company, as President and Chief Executive Officer of the Company, effective as of January 1, 2023.
On November 4, 2022, Chad Steelberg informed the Company of his intention to resign as Chief Executive Officer of the Company, effective as of January 1, 2023.
Max materiality 0.90 · Median 0.70 · Most common event other_material