Veritone, Inc. (VERI) Income Statement
VERI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsVERI revenue and net income
Where VERI's revenue goes
2025Each bar shows an amount and its share of revenue. VERI kept −121.2% of revenue as net income.
VERI profit margins
VERI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −0.5% | −14.9% | +9.8% | +20.8% |
| Gross profit | −45.8% | −33.8% | −3.4% | +11.4% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −469.2% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
VERI quarterly EPS vs estimates
Veritone beat the analyst EPS estimate in 3 of the last 8 quarters. Next report: November 5, 2026.
VERI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $92.2M | $92.6M | $100.0M | $149.7M | $57.7M | $57.7M | $49.6M | $27.0M | $14.4M | $8.9M |
| Cost of revenue | $56.8M | $27.3M | $27.8M | $27.4M | $15.7M | $15.7M | $15.3M | $6.5M | $1.1M | $1.6M |
| Gross profit | $35.4M | $65.4M | $72.2M | $122.3M | $42.0M | $42.0M | $34.4M | $20.6M | $13.3M | $7.3M |
| Research & development | $20.8M | $26.8M | $40.6M | $43.6M | $14.4M | $14.4M | $22.8M | $22.1M | $14.0M | $7.9M |
| Sales, general & admin | $53.5M | $98.3M | $106.0M | $95.5M | $70.0M | $70.0M | $70.8M | $60.5M | $46.1M | $23.2M |
| Total operating expenses | $111.5M | $153.6M | $171.8M | $160.3M | $84.3M | $89.7M | $98.5M | $82.6M | $60.1M | $31.1M |
| Operating income | −$76.1M | −$88.2M | −$99.6M | −$38.0M | −$47.7M | −$47.7M | −$64.1M | −$62.0M | −$46.8M | −$23.8M |
| Interest income | — | — | — | — | — | $85,000 | $549,000 | $803,000 | $211,000 | $3.9M |
| Interest expense | $10.2M | $12.1M | $2.4M | $4.9M | $9,000 | $127,000 | $541,000 | $0 | $4.2M | $3.9M |
| Income before taxes | −$112.0M | −$100.2M | −$69.0M | −$23.2M | −$47.8M | −$47.8M | −$63.5M | −$61.1M | −$59.6M | −$27.0M |
| Income taxes | −$228,000 | −$3.9M | −$3.3M | $2.3M | $2.7M | $76,000 | −$1.5M | $22,000 | $6,000 | $6,000 |
| Net income | −$111.7M | −$37.4M | −$58.6M | −$25.6M | −$47.8M | −$47.9M | −$62.1M | −$61.1M | −$59.6M | −$27.0M |
| EBITDA | −$73.7M | −$58.8M | −$39.5M | $5.2M | −$38.6M | −$41.3M | −$58.1M | −$57.4M | −$46.5M | −$22.9M |
| EPS (diluted) | −$0.96 | $0.26 | −$0.98 | −$0.46 | $0.06 | −$0.75 | −$1.68 | −$3.34 | −$5.54 | −$3.63 |
| Gross margin | 38.4% | 70.6% | 72.2% | 81.7% | 72.9% | 72.9% | 69.3% | 76.0% | 92.6% | 82.3% |
| Operating margin | −82.6% | −95.2% | −99.6% | −25.4% | −82.6% | −82.6% | −129.1% | −229.2% | −324.4% | −266.9% |
| Net margin | −121.2% | −40.4% | −58.6% | −17.1% | −82.8% | −83.0% | −125.0% | −225.9% | −413.5% | −302.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.3M | $20.3M | $18.1M | $29.1M | $24.0M | $22.5M | $22.4M | $22.0M | $24.1M | $24.2M | $34.2M | $28.0M |
| Cost of revenue | $8.8M | $12.3M | $11.5M | $15.9M | $7.5M | $7.8M | $6.7M | $6.3M | $6.3M | $6.9M | $13.8M | $7.0M |
| Gross profit | $15.5M | $7.9M | $6.6M | $13.2M | $16.5M | $14.6M | $15.7M | $15.7M | $17.7M | $17.2M | $20.4M | $20.9M |
| Research & development | $5.9M | $5.8M | $5.1M | $5.5M | $4.9M | $5.2M | $5.5M | $7.5M | $6.1M | $8.4M | $8.9M | $10.4M |
| Sales, general & admin | $21.4M | $21.6M | $24.8M | $23.5M | $23.7M | $24.1M | $22.8M | $24.6M | $25.1M | $25.7M | $16.3M | $29.3M |
| Total operating expenses | $37.6M | $26.9M | $29.9M | $29.0M | $35.9M | $36.3M | $35.4M | $38.2M | $38.0M | $41.6M | $35.5M | $46.1M |
| Operating income | −$22.1M | −$19.0M | −$23.3M | −$15.8M | −$19.3M | −$21.6M | −$19.7M | −$22.5M | −$20.3M | −$24.4M | −$15.1M | −$25.2M |
| Interest expense | $272,000 | $178,000 | $1.7M | $2.9M | $2.8M | $2.8M | $3.6M | $3.0M | $4.5M | $4.0M | $704,000 | $314,000 |
| Income before taxes | −$22.5M | −$20.1M | −$37.5M | −$27.2M | −$25.9M | −$20.2M | −$24.4M | −$25.1M | −$23.5M | −$27.2M | $11.7M | −$27.7M |
| Income taxes | −$313,000 | −$613,000 | −$500,000 | −$283,000 | $884,000 | −$326,000 | −$148,000 | −$2.6M | −$78,000 | −$1.0M | −$426,000 | −$1.0M |
| Net income | −$22.2M | −$19.5M | −$37.0M | −$26.9M | −$26.8M | −$19.9M | $31.8M | −$21.7M | −$22.2M | −$25.2M | $12.2M | −$24.5M |
| EBITDA | −$16.3M | −$14.1M | −$10.4M | −$16.9M | −$15.5M | −$10.4M | $35.1M | −$14.5M | −$13.5M | −$17.1M | −$7.8M | −$19.1M |
| EPS (diluted) | −$0.13 | −$0.13 | −$0.41 | −$0.09 | −$0.21 | −$0.25 | $0.83 | −$0.19 | −$0.18 | −$0.20 | −$0.16 | −$0.21 |
| Gross margin | 63.7% | 39.1% | 36.5% | 45.3% | 68.9% | 65.1% | 70.2% | 71.2% | 73.6% | 71.2% | 59.7% | 74.9% |
| Operating margin | −91.2% | −93.7% | −128.7% | −54.3% | −80.4% | −96.3% | −87.7% | −102.3% | −84.4% | −100.9% | −44.1% | −90.0% |
| Net margin | −91.3% | −96.3% | −204.4% | −92.3% | −111.6% | −88.5% | 141.7% | −98.9% | −92.4% | −104.3% | 35.6% | −87.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in VERI's financial statements (latest annual report filed April 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
VERI financial results
In fiscal year 2025 (ended December 31, 2025), Veritone reported revenue of $92.2 million, down 0.5% from the year before. It had a net loss of $111.7 million, a net profit margin of −121.2%. Diluted earnings per share came to −$0.96. Over five years revenue grew at an average rate of 9.8% a year.
See the VERI stock overview for the latest quote and news, or the VERI chart for price history and technical indicators.
VERI income statement FAQ
What is Veritone's annual revenue?
Veritone reported total revenue of $92.2 million for fiscal year 2025, which ended on December 31, 2025. That was down 0.5% from $92.6 million the previous year.
Is Veritone profitable?
No. Veritone reported a net loss of $111.7 million in fiscal 2025, a net profit margin of −121.2%; its operating margin was −82.6%.
What is Veritone's gross margin?
Veritone's gross margin was 38.4% in fiscal 2025: for every $100 of revenue, Veritone kept $38 after the direct cost of its products and services.
How much does Veritone spend on research and development?
Veritone spent $20.8 million on research and development in fiscal 2025, 22.6% of revenue.
How fast is Veritone growing?
Revenue grew 9.8% a year on average over the last five fiscal years, from $57.7 million to $92.2 million.
What are Veritone's earnings per share?
Veritone earned $-0.96 per diluted share in fiscal 2025, compared with $0.26 a year earlier.
When will Veritone report its next earnings?
Veritone is expected to report results for the quarter ending September 30, 2026 on November 5, 2026.
When does Veritone's fiscal year end?
Veritone's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on April 15, 2026.