What is Veritone's earnings per share (EPS)?

Veritone (VERI) reported diluted earnings per share of $-0.98 for fiscal year 2024. This represents a 38.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Veritone Financials

VERI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Veritone (VERI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 13/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Veritone has an operating margin of -95.2%, meaning the company retains $-95 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -99.6% the prior year.

Growth

Veritone's revenue declined 7.4% year-over-year, from $100.0M to $92.6M. This contraction results in a growth score of 21/100.

Leverage

Veritone has a moderate D/E ratio of 3.06. This balance of debt and equity financing earns a leverage score of 40/100.

Liquidity

Veritone's current ratio of 0.97 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 14/100, which could limit financial flexibility.

Cash Flow

While Veritone generated -$24.7M in operating cash flow, capex of $6.1M consumed most of it, leaving -$30.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns

Veritone generates a -277.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is down from -153.7% the prior year.

Piotroski F-Score Weak

3/9

Veritone passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Low Quality

0.66x

For every $1 of reported earnings, Veritone generates $0.66 in operating cash flow (-$24.7M OCF vs -$37.4M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-7.3x

Veritone earns $-7.3 in operating income for every $1 of interest expense (-$88.2M vs $12.1M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$92.6M

YoY-7.4%

5Y CAGR+13.3%

Veritone generated $92.6M in revenue in fiscal year 2024. This represents a decrease of 7.4% from the prior year.

EBITDA

-$59.7M

YoY+19.7%

Veritone's EBITDA was -$59.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 19.7% from the prior year.

Net Income

-$37.4M

YoY+36.2%

Veritone reported -$37.4M in net income in fiscal year 2024. This represents an increase of 36.2% from the prior year.

EPS (Diluted)

$-0.98

YoY+38.4%

Veritone earned $-0.98 per diluted share (EPS) in fiscal year 2024. This represents an increase of 38.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$30.8M

YoY+62.0%

Veritone generated -$30.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 62.0% from the prior year.

Cash & Debt

$16.9M

YoY-63.7%

5Y CAGR-17.4%

Veritone held $16.9M in cash against $41.2M in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

40M

YoY+8.2%

5Y CAGR+9.4%

Veritone had 40M shares outstanding in fiscal year 2024. This represents an increase of 8.2% from the prior year.

Margins & Returns

Gross Margin

70.6%

YoY-1.2pp

5Y CAGR+5.4pp

Veritone's gross margin was 70.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 1.2 percentage points from the prior year.

Operating Margin

-95.2%

YoY+4.4pp

5Y CAGR+33.8pp

Veritone's operating margin was -95.2% in fiscal year 2024, reflecting core business profitability. This is up 4.4 percentage points from the prior year.

Net Margin

-40.4%

YoY+18.3pp

5Y CAGR+84.7pp

Veritone's net profit margin was -40.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 18.3 percentage points from the prior year.

Return on Equity

-277.9%

YoY-124.2pp

5Y CAGR-147.0pp

Veritone's ROE was -277.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 124.2 percentage points from the prior year.

Capital Allocation

R&D Spending

$26.8M

YoY-33.9%

5Y CAGR+3.3%

Veritone invested $26.8M in research and development in fiscal year 2024. This represents a decrease of 33.9% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$6.1M

YoY+29.0%

5Y CAGR+83.5%

Veritone invested $6.1M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 29.0% from the prior year.

VERI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$92.6M-7.4%	$100.0M-33.2%	$149.7M+29.9%	$115.3M+99.8%	$57.7M+16.2%	$49.6M
Cost of Revenue	$27.3M-3.5%	$28.3M+3.0%	$27.4M+24.0%	$22.1M+41.3%	$15.7M+2.6%	$15.3M
Gross Profit	$65.4M-8.8%	$71.7M-41.3%	$122.3M+31.3%	$93.2M+121.6%	$42.0M+29.9%	$32.4M
R&D Expenses	$26.8M-33.9%	$40.6M-6.9%	$43.6M+73.8%	$25.1M+74.4%	$14.4M-36.9%	$22.8M
SG&A Expenses	$58.4M-4.9%	$61.5M+39.1%	$44.2M-51.8%	$91.7M+83.0%	$50.1M+5.8%	$47.3M
Operating Income	-$88.2M+11.4%	-$99.6M-162.1%	-$38.0M+38.1%	-$61.4M-28.7%	-$47.7M+25.6%	-$64.1M
Interest Expense	-$12.1M-336.2%	-$2.8M+43.1%	-$4.9M-803.7%	-$538K-732.9%	$85K-84.5%	$549K
Income Tax	-$3.9M-16.2%	-$3.3M-243.9%	$2.3M-14.4%	$2.7M+3451.3%	$76K+105.2%	-$1.5M
Net Income	-$37.4M+36.2%	-$58.6M-129.4%	-$25.6M-139.5%	$64.7M+235.1%	-$47.9M+22.9%	-$62.1M
EPS (Diluted)	$-0.98+38.4%	$-1.59-123.9%	$-0.71+63.4%	$-1.94	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Revenue	$29.1M+21.3%	$24.0M+6.9%	$22.5M+0.1%	$22.4M+2.0%	$22.0M-8.6%	$24.1M-0.4%	$24.2M+75.2%	$13.8M
Cost of Revenue	$8.6M+14.6%	$7.5M-4.5%	$7.8M+7.3%	$7.3M+15.5%	$6.3M-3.9%	$6.6M-6.6%	$7.0M+5.9%	$6.7M
Gross Profit	$20.6M+24.3%	$16.5M+13.0%	$14.6M-3.3%	$15.1M-3.4%	$15.7M-10.4%	$17.5M+2.2%	$17.1M+139.9%	$7.1M
R&D Expenses	$5.5M+11.4%	$4.9M-5.3%	$5.2M-6.2%	$5.5M-18.0%	$6.8M+11.2%	$6.1M-27.8%	$8.4M+3.6%	$8.1M
SG&A Expenses	$13.0M+2.6%	$12.7M-9.6%	$14.0M-5.3%	$14.8M+5.6%	$14.0M+1.1%	$13.9M-12.2%	$15.8M+132.7%	$6.8M
Operating Income	-$15.8M+18.2%	-$19.3M+10.7%	-$21.6M-2.8%	-$21.0M+6.5%	-$22.5M-10.8%	-$20.3M+16.7%	-$24.4M-7.7%	-$22.6M
Interest Expense	-$2.9M+15.3%	-$3.4M-30.7%	-$2.6M+74.0%	-$10.1M-238.4%	-$3.0M+1.5%	-$3.0M-174.8%	$4.1M+537.2%	-$928K
Income Tax	-$283K-132.0%	$884K+371.2%	-$326K-100.0%	-$163K+93.7%	-$2.6M-3201.3%	-$78K+92.5%	-$1.0M-54.8%	-$675K
Net Income	-$26.9M-0.3%	-$26.8M-34.8%	-$19.9M-162.5%	$31.8M+246.2%	-$21.7M+2.2%	-$22.2M+11.8%	-$25.2M-307.0%	$12.2M
EPS (Diluted)	N/A	$-0.54-31.7%	$-0.41	N/A	$-0.57+3.4%	$-0.59+11.9%	$-0.67	N/A

VERI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$198.1M-47.7%	$378.9M-10.8%	$424.8M-18.1%	$518.3M+191.8%	$177.7M+63.7%	$108.5M
Current Assets	$59.4M-68.0%	$185.8M-33.2%	$278.0M-26.7%	$379.1M+142.1%	$156.6M+93.0%	$81.1M
Cash & Equivalents	$16.9M-63.7%	$46.6M-74.7%	$184.4M-27.6%	$254.7M+121.9%	$114.8M+160.6%	$44.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$32.0M-5.6%	$33.9M-39.5%	$56.0M-34.2%	$85.1M+410.4%	$16.7M-21.9%	$21.4M
Goodwill	$53.1M-0.8%	$53.5M+15.1%	$46.5M+10.6%	$42.0M+508.7%	$6.9M0.0%	$6.9M
Total Liabilities	$184.6M-45.8%	$340.7M-1.2%	$344.9M-20.1%	$431.8M+382.8%	$89.4M+46.4%	$61.1M
Current Liabilities	$61.0M-68.2%	$191.9M-0.8%	$193.3M+1.0%	$191.3M+116.8%	$88.2M+47.7%	$59.7M
Long-Term Debt	$41.2M-46.9%	$77.5M	N/A	N/A	N/A	N/A
Total Equity	$13.5M-64.7%	$38.1M-52.2%	$79.9M-7.7%	$86.5M-1.9%	$88.2M+86.1%	$47.4M
Retained Earnings	-$467.3M-8.7%	-$429.9M-15.8%	-$371.3M-7.6%	-$345.0M-23.1%	-$280.4M-20.6%	-$232.5M

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Total Assets	$200.2M+7.2%	$186.8M-6.4%	$199.6M+0.8%	$198.1M-41.1%	$336.4M+4.5%	$321.8M-10.5%	$359.6M-5.1%	$378.9M
Current Assets	$84.7M+46.2%	$57.9M-5.5%	$61.3M+3.2%	$59.4M-64.1%	$165.4M+16.6%	$141.9M-17.7%	$172.4M-7.2%	$185.8M
Cash & Equivalents	$36.2M+167.0%	$13.6M-15.6%	$16.1M-4.9%	$16.9M+48.1%	$11.4M-75.2%	$46.0M-49.3%	$90.7M+94.7%	$46.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$35.2M+10.4%	$31.9M-5.8%	$33.8M+5.7%	$32.0M-5.5%	$33.9M-37.2%	$53.9M+17.9%	$45.7M+35.0%	$33.9M
Goodwill	$53.1M0.0%	$53.1M0.0%	$53.1M0.0%	$53.1M0.0%	$53.1M-33.5%	$79.8M0.0%	$79.8M+49.1%	$53.5M
Total Liabilities	$184.2M-0.7%	$185.6M+0.4%	$184.9M+0.2%	$184.6M-48.9%	$361.6M+10.4%	$327.5M-5.0%	$344.8M+1.2%	$340.7M
Current Liabilities	$64.7M-0.3%	$64.8M+4.5%	$62.1M+1.8%	$61.0M-75.5%	$249.3M+37.2%	$181.7M-8.1%	$197.7M+3.0%	$191.9M
Long-Term Debt	$35.4M-5.2%	$37.3M-4.9%	$39.2M-4.7%	$41.2M-44.1%	$73.6M-2.6%	$75.6M-2.5%	$77.5M0.0%	$77.5M
Total Equity	$16.0M+1215.1%	$1.2M-91.7%	$14.8M+9.7%	$13.5M+153.5%	-$25.2M-341.9%	-$5.7M-138.3%	$14.9M-61.0%	$38.1M
Retained Earnings	-$540.8M-5.2%	-$514.0M-5.5%	-$487.2M-4.3%	-$467.3M+6.4%	-$499.1M-4.6%	-$477.3M-4.9%	-$455.1M-5.9%	-$429.9M

VERI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	-$24.7M+67.6%	-$76.4M-2145.0%	$3.7M-48.3%	$7.2M+404.8%	$1.4M+104.7%	-$30.4M
Capital Expenditures	$6.1M+29.0%	$4.7M-0.8%	$4.8M+369.0%	$1.0M+480.6%	$175K-40.3%	$293K
Free Cash Flow	-$30.8M+62.0%	-$81.1M-7793.8%	-$1.0M-116.5%	$6.2M+394.3%	$1.3M+104.1%	-$30.7M
Investing Cash Flow	-$1.6M+97.1%	-$54.9M-353.4%	-$12.1M+77.5%	-$53.8M-45146.2%	-$119K-101.0%	$12.0M
Financing Cash Flow	-$37.1M-240.8%	$26.3M+142.5%	-$61.9M-133.2%	$186.5M+168.6%	$69.4M+182.1%	$24.6M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Operating Cash Flow	-$15.9M-93.0%	-$8.2M+51.7%	-$17.0M-3308.8%	-$500K-114.0%	$3.6M+108.4%	-$42.7M-386.1%	$14.9M+152.7%	-$28.3M
Capital Expenditures	$1.2M+27.6%	$958K-29.2%	$1.4M+16.0%	$1.2M-30.8%	$1.7M+19.6%	$1.4M-23.3%	$1.8M+172.7%	$674K
Free Cash Flow	-$17.1M-86.1%	-$9.2M+50.0%	-$18.4M-1004.3%	-$1.7M-188.5%	$1.9M+104.3%	-$44.1M-437.1%	$13.1M+145.2%	-$29.0M
Investing Cash Flow	-$1.2M-27.6%	-$958K+29.2%	-$1.4M-178.4%	$1.7M+199.5%	-$1.7M-674.5%	$302K+115.9%	-$1.9M-66.8%	-$1.1M
Financing Cash Flow	$39.6M+435.5%	$7.4M-58.6%	$17.9M+157.3%	-$31.2M-1509.9%	-$1.9M+15.3%	-$2.3M-36.5%	-$1.7M-104.5%	$36.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

VERI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	70.6%-1.2pp	71.7%-9.9pp	81.7%+0.9pp	80.8%+8.0pp	72.9%+7.7pp	65.2%
Operating Margin	-95.2%+4.4pp	-99.6%-74.2pp	-25.4%+27.8pp	-53.2%+29.4pp	-82.6%+46.4pp	-129.1%
Net Margin	-40.4%+18.3pp	-58.6%-41.6pp	-17.1%-73.2pp	56.1%+139.0pp	-83.0%+42.1pp	-125.0%
Return on Equity	-277.9%-124.2pp	-153.7%-121.7pp	-32.0%-106.8pp	74.8%+129.1pp	-54.3%+76.7pp	-130.9%
Return on Assets	-18.9%-3.4pp	-15.5%-9.4pp	-6.0%-18.5pp	12.5%+39.4pp	-27.0%+30.2pp	-57.2%
Current Ratio	0.970.0	0.97-0.5	1.44-0.5	1.98+0.2	1.77+0.4	1.36
Debt-to-Equity	3.06+1.0	2.03-2.3	4.32-0.7	4.99+4.0	1.01-0.3	1.29
FCF Margin	-33.3%+47.9pp	-81.2%-80.5pp	-0.7%-6.1pp	5.4%+3.2pp	2.2%+64.1pp	-61.9%

Metric	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24	Q4'23
Gross Margin	70.6%+1.7pp	68.9%+3.7pp	65.1%-2.3pp	67.5%-3.8pp	71.2%-1.4pp	72.7%+1.8pp	70.8%+19.1pp	51.7%
Operating Margin	-54.3%+26.2pp	-80.5%+15.9pp	-96.3%-2.5pp	-93.8%+8.5pp	-102.3%-17.9pp	-84.4%+16.5pp	-100.9%+63.1pp	-164.0%
Net Margin	-92.3%+19.3pp	-111.6%-23.1pp	-88.5%-230.2pp	141.7%+240.6pp	-98.9%-6.5pp	-92.4%+11.9pp	-104.3%-192.6pp	88.3%
Return on Equity	-167.8%+2032.3pp	-2200.2%-2065.4pp	-134.7%-371.0pp	236.3%	N/A	N/A	-169.5%-201.4pp	31.9%
Return on Assets	-13.4%+0.9pp	-14.3%-4.4pp	-10.0%-26.0pp	16.1%+22.5pp	-6.5%+0.4pp	-6.9%+0.1pp	-7.0%-10.2pp	3.2%
Current Ratio	1.31+0.4	0.89-0.1	0.99+0.0	0.97+0.3	0.66-0.1	0.78-0.1	0.87-0.1	0.97
Debt-to-Equity	2.21-28.4	30.62+28.0	2.66-0.4	3.06+6.0	-2.93+10.3	-13.27-18.5	5.21+3.2	2.03
FCF Margin	-58.8%-20.5pp	-38.3%+43.6pp	-81.9%-74.5pp	-7.4%-16.0pp	8.6%+192.0pp	-183.4%-237.7pp	54.2%+264.4pp	-210.2%

Note: The current ratio is below 1.0 (0.97), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Veritone's annual revenue?

Veritone (VERI) reported $92.6M in total revenue for fiscal year 2024. This represents a -7.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Veritone's revenue growing?

Veritone (VERI) revenue declined by 7.4% year-over-year, from $100.0M to $92.6M in fiscal year 2024.

Is Veritone profitable?

No, Veritone (VERI) reported a net income of -$37.4M in fiscal year 2024, with a net profit margin of -40.4%.

What is Veritone's EBITDA?

Veritone (VERI) had EBITDA of -$59.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Veritone have?

As of fiscal year 2024, Veritone (VERI) had $16.9M in cash and equivalents against $41.2M in long-term debt.

What is Veritone's gross margin?

Veritone (VERI) had a gross margin of 70.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Veritone's operating margin?

Veritone (VERI) had an operating margin of -95.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Veritone's net profit margin?

Veritone (VERI) had a net profit margin of -40.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Veritone's return on equity (ROE)?

Veritone (VERI) has a return on equity of -277.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Veritone's free cash flow?

Veritone (VERI) generated -$30.8M in free cash flow during fiscal year 2024. This represents a 62.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Veritone's operating cash flow?

Veritone (VERI) generated -$24.7M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Veritone's total assets?

Veritone (VERI) had $198.1M in total assets as of fiscal year 2024, including both current and long-term assets.

What are Veritone's capital expenditures?

Veritone (VERI) invested $6.1M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Veritone spend on research and development?

Veritone (VERI) invested $26.8M in research and development during fiscal year 2024.

How many shares does Veritone have outstanding?

Veritone (VERI) had 40M shares outstanding as of fiscal year 2024.

What is Veritone's current ratio?

Veritone (VERI) had a current ratio of 0.97 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Veritone's debt-to-equity ratio?

Veritone (VERI) had a debt-to-equity ratio of 3.06 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Veritone's return on assets (ROA)?

Veritone (VERI) had a return on assets of -18.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Veritone's cash runway?

Based on fiscal year 2024 data, Veritone (VERI) had $16.9M in cash against an annual operating cash burn of $24.7M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

What is Veritone's Piotroski F-Score?

Veritone (VERI) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Veritone's earnings high quality?

Veritone (VERI) has an earnings quality ratio of 0.66x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Veritone cover its interest payments?

Veritone (VERI) has an interest coverage ratio of -7.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Veritone?

Veritone (VERI) scores 13 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.