Veritone (NASDAQ: VERI) Shares Plunge 10.64% on $8M Non-Cash Divestiture Charge, Q3 Net Loss $26.9M Despite 32% Revenue Surge

On November 10, 2025, Veritone (NASDAQ: VERI) shares fell 10.64% in pre-market trading amid revelations of a $8 million non-cash expense linked to the 2024 divestiture of Veritone One. The AI solutions firm reported a Q3 net loss of $26.9 million, driven by the one-time adjustment and a $2.2 million tax provision shift, though operating losses improved by $6.7 million. Non-GAAP net loss narrowed to $5.8 million, a 47.8% improvement year-over-year, with adjusted loss per share at -$0.09, down 69% from -$0.29 in Q3 2024.

The company emphasized that the Veritone One earnout adjustment, tied to a transaction closed over a year ago, does not affect ongoing operations. Despite a 32% revenue increase to $29.1 million—surpassing analyst estimates—EPS of -$0.41 missed forecasts, signaling investor skepticism. Veritone reaffirmed Q4 2025 non-GAAP guidance of a $1.5–$5.0 million loss, projecting a 66% improvement at the midpoint versus Q4 2024, and full-year 2025 losses of $26.0–$31.6 million, reflecting disciplined cost management and gross profit growth.

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