GICS Sector : Technology
Veritone, Inc., together with its subsidiaries, provides artificial intelligence (AI) computing solutions in the United States and the United Kingdom.It develops and operates aiWARE platform, an AI operating system that uses machine learning algorithms or AI models, such as perception, prediction, and problem solving and optimization, as well as cognitive processes, including transcription, language translation, face detection and recognition, object detection and recognition, logo recognition, sentiment analysis, text keyword/topic analysis, audio/video fingerprinting, geolocation, visual moderation, and optical character recognition to reveal valuable insights from vast amounts of structured and unstructured data.The company also provides media advertising agency services, including media planning and strategy, media buying and placement, campaign messaging, clearance verification and attribution, and custom analytics directly to advertisers through outbound sales networking, and client and partner referrals, as well as indirectly through advertising agencies or marketing consultants.
Veritone reported a robust Q3 2025, with revenue reaching $29.1 million, a 32% increase from Q3 2024, driven by a significant growth in Software Products & Services revenue, which rose by 55% year-over-year. The non-GAAP net loss improved by 48% year-over-year, demonstrating the company's focus on cost management. The actual EPS came out at -$0.08, beating estimates of -$0.11. The company's ARR reached $68.8 million, up 9% from Q2 2024 and 12% sequentially from Q2 2025, driven by increased consumption-based revenue, largely from VDR and stable recurring SaaS-based revenue.
Publication Date: Nov -26
The Commercial Enterprise applications business saw significant progress, with 27 commercial agreements signed, including partnerships with ESPN, the NCAA, and Newsmax. The Public Sector also performed well, with 82 contracts closed from new and existing customers across federal, state, and local agencies, and 30 new agencies added during the quarter. The Public Sector pipeline now approaches $218 million in qualified opportunities, up from $110 million earlier this year.
Veritone secured over $100 million in equity capital in September and October 2025, substantially improving its longer-term liquidity position. The company has agreed to pay off 100% of its senior secured term debt and buy back 50% of its convertible notes, reducing its consolidated debt principal by approximately $77.5 million. Immediately following this debt payoff, Veritone's unencumbered consolidated cash is approximately $34 million.
For Q4 2025, Veritone expects revenue to be between $33.4 million and $39.4 million, a 63% increase at the midpoint and 25% sequentially from Q3 2025. The company expects its Public Sector revenue to grow close to 50% year-over-year, and its Commercial Enterprise revenue led by VDR to grow more than 75%. Analysts estimate next year's revenue growth at 19.1%.
Veritone's current P/S Ratio is 2.17, and its EV/EBITDA is -5.18, indicating that the market is pricing in significant growth expectations. With a ROE of -367.59% and ROIC of -65.32%, the company's profitability metrics are still negative, but the improvement in non-GAAP net loss and the expected growth in revenue suggest a potential turnaround. The Net Debt / EBITDA ratio is -1.17, indicating a relatively healthy debt position.
Veritone and Armada Announce Strategic Partnership to Deliver Mission-Critical Edge Intelligence for Public Safety, National Security, and Live Events
Dec -04
Veritone, Inc. (VERI) Discusses Vision and Strategy for AI and Data Economy, Product Innovations, and Go-to-Market Approach Transcript
Dec -01
SoundHound vs. Veritone: Which AI Stock Has More Upside Right Now?
Nov -24
Veritone to Host AI and Data Economy Investor Forum on December 1, 2025
Nov -20
Veritone Announces Majority Debt Reduction, Fully Retires Senior Secured Credit Facility
Nov -13
Veritone Statement on Q3 Results
Nov -10
Wall Street Analysts Think Veritone (VERI) Could Surge 65.88%: Read This Before Placing a Bet
Nov -07
Veritone, Inc. (VERI) Q3 2025 Earnings Call Transcript
Nov -07
Veritone's software products and services growth is driven by increasing demand for AI-powered solutions, expansion into new markets, and strategic partnerships. The company's proprietary aiWARE platform, which offers a suite of AI tools, is a key growth driver. Additionally, the growing need for media and entertainment companies to leverage AI for content analysis and monetization is also fueling growth.
Veritone's advertising growth is driven by increasing demand for AI-powered ad analytics, expansion into new markets, and strategic partnerships. The company's proprietary aiWARE platform provides a competitive edge, enabling clients to optimize ad spend and improve ROI. Additionally, the growing need for brands to measure and attribute their advertising efforts effectively contributes to the segment's 8% growth.
Veritone's licensing growth is driven by increasing adoption of AI-powered solutions, expansion into new industries, and strategic partnerships. The company's proprietary aiWARE platform, which offers a suite of AI engines, is a key differentiator. Additionally, the growing demand for media analytics, content recognition, and metadata enrichment solutions is fueling growth.
aiWARE is a operating system for artificial intelligence that enables organizations to integrate and operationalize AI models at scale.
Veritone Core is a cloud-based platform that enables organizations to ingest, process, and analyze large volumes of data from various sources.
Veritone Illuminate is a media analytics platform that provides real-time insights and analytics for media and entertainment companies.
Veritone Attribute is an attribution platform that enables organizations to measure the effectiveness of their advertising campaigns.
Veritone Discovery is a search and discovery platform that enables organizations to search, analyze, and discover insights from large volumes of data.
Veritone's AI-powered solutions are highly specialized, making it difficult for substitutes to emerge. However, the company's reliance on cloud infrastructure and open-source software may make it vulnerable to substitutes in the long run.
Veritone's customers are primarily media and entertainment companies, which have limited bargaining power due to the company's unique AI-powered solutions and high switching costs.
Veritone's suppliers are primarily cloud infrastructure providers and open-source software developers, which have limited bargaining power due to the company's ability to switch to alternative suppliers.
The AI-powered solutions market is highly competitive, and new entrants with significant resources and expertise may pose a significant threat to Veritone's market share.
The AI-powered solutions market is highly competitive, with several established players and new entrants vying for market share, leading to a high intensity of rivalry.
| Value | |
|---|---|
| Debt Weight | 78.91% |
| Debt Cost | 3.95% |
| Equity Weight | 21.09% |
| Equity Cost | 19.09% |
| WACC | 7.14% |
| Leverage | 374.20% |
Value: 6.0
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Yield: 2.0
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