Veritone, Inc. income statement
In fiscal 2025, Veritone, Inc. reported revenue of $92.2m, down 0.5% on the year before, operating income of −$81.3m (a -88.1% margin) and net income of −$112m, or −$1.76 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 14 | 27 | 50 | 58 | 115 | 150 | 100 | 93 | 92 | 91 |
| Cost of revenue | 2 | 1 | 6 | 15 | 16 | 22 | 27 | 28 | — | — | — |
| Gross profit | 7 | 13 | 21 | 32 | 42 | 93 | 122 | 72 | — | — | — |
| Research and development | 8 | 14 | 22 | 23 | 14 | 25 | 44 | 41 | 27 | 21 | 22 |
| Selling and marketing | 8 | 15 | 22 | 24 | 20 | 29 | 51 | 45 | 40 | 43 | 42 |
| General and administrative | 15 | 31 | 38 | 47 | 50 | 92 | 44 | 61 | 58 | 53 | 49 |
| Operating income | −24 | −47 | −62 | −64 | −48 | −61 | −38 | −100 | −88 | −81 | −82 |
| Interest expense | 4 | 4 | — | — | — | — | — | — | — | — | — |
| Net interest income | — | −4 | 1 | 1 | 0 | −1 | −5 | −3 | −12 | — | — |
| Income before tax | −27 | −60 | −61 | −64 | −48 | −62 | −23 | −69 | −100 | −112 | −109 |
| Income tax | 0 | 0 | 0 | −1 | 0 | 3 | 2 | −3 | −4 | −0 | −2 |
| Net income | −27 | −60 | −61 | −62 | −48 | 65 | −26 | −59 | −37 | −112 | −107 |
| Diluted EPS | −$2.92 | −$6.20 | −$3.48 | −$2.85 | −$1.73 | −$1.94 | −$0.71 | −$1.59 | −$0.98 | −$1.76 | — |
| Diluted shares (average) | 10m | 10m | 18m | 22m | 28m | 33m | 36m | 37m | 38m | 63m | — |
| EBITDA | −24 | −47 | −58 | −58 | −41 | −52 | −16 | −74 | −60 | −54 | −58 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 22 | 22 | 22 | 23 | 27 | 20 | 20 | 24 |
| Cost of revenue | 6 | — | — | 6 | — | — | — | — |
| Gross profit | 16 | — | — | 17 | — | — | — | — |
| Research and development | 7 | 6 | 5 | 5 | 5 | 5 | 6 | 6 |
| Selling and marketing | 10 | 8 | 10 | 11 | 11 | 11 | 11 | 10 |
| General and administrative | 14 | 15 | 14 | 13 | 13 | 14 | 11 | 11 |
| Operating income | −22 | −21 | −22 | −19 | −18 | −22 | −19 | −22 |
| Net interest income | −3 | −4 | −3 | −3 | −3 | — | −0 | −0 |
| Income before tax | −25 | −24 | −20 | −26 | −30 | −37 | −20 | −22 |
| Income tax | −3 | −0 | −0 | 1 | −0 | −1 | −1 | −0 |
| Net income | −22 | 32 | −20 | −26 | −29 | −36 | −20 | −22 |
| Diluted EPS | −$0.57 | $0.85 | −$0.41 | −$0.53 | — | — | −$0.21 | −$0.24 |
| EBITDA | −15 | −14 | −15 | −12 | −11 | −17 | −14 | −16 |
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