Veritone 2025 Q2 Earnings Loss Narrows but Net Loss Widens

Veritone reported its fiscal 2025 Q2 earnings on Aug 08th, 2025. The company narrowly its per-share losses but recorded a wider net loss. The results fall in line with updated guidance, and CEO Ryan Steelberg expressed confidence in the company's path to profitability by late 2026.

Revenue
Veritone’s total revenue for 2025 Q2 declined slightly by 0.2% to $24.01 million compared to $24.06 million in the prior-year quarter. The Commercial Enterprise segment remained the company’s core driver, generating $21.88 million, while the Public Sector segment contributed $2.13 million.

Earnings/Net Income
The company narrowed its per-share loss to $0.54 in 2025 Q2, a 8.5% improvement from $0.59 in 2024 Q2. However, the net loss expanded to $-26.80 million, representing a 20.5% increase from $-22.23 million in the previous year. Veritone has reported losses for 10 consecutive years during this quarter, underscoring ongoing financial challenges.

Price Action
Veritone’s stock experienced a sharp rebound in the wake of the earnings report. The shares rose 12.25% in a single trading day, surged 32.71% over the past full trading week, and climbed 93.20% month-to-date.

Post Earnings Price Action Review
A strategy of purchasing Veritone shares after a revenue increase quarter-over-quarter and holding for 30 days has historically underperformed. Over the past three years, this approach yielded a -71.59% return, significantly lagging the benchmark by 121.77%. The strategy’s Sharpe ratio was -0.31, indicating poor risk-adjusted performance, while the maximum drawdown of 0% suggests no room for loss.

CEO Commentary
CEO Ryan Steelberg highlighted that Veritone reached the top end of its updated June revenue guidance of $24 million. He emphasized strong demand for its AI-powered solutions, including a new contract with the U.S. Air Force and a 100% year-over-year increase in the Veritone Data Refinery pipeline to $20 million. Steelberg expressed confidence in the company’s ability to achieve profitability by the second half of 2026.

Guidance
Veritone expects to reach profitability by the second half of 2026. The company has already realized $8.0 million in annualized cost savings from restructuring initiatives and anticipates up to $10.0 million in total savings. Additionally, it has secured $10.0 million in equity financing, including a $1.0 million investment from the CEO.

Additional News
In the three weeks following Veritone’s earnings release, there were notable developments in the tech and finance sectors. OpenAI officially launched GPT-5, a significant advancement in AI capabilities. Additionally, Tesla announced plans to begin production of its Cybercab prototype in the second quarter of 2025. Meanwhile, in the financial space, Apple faced legal challenges over allegations of stealing business secrets to develop ApplePay.