Veritone (VERI) Q4 2025 earnings summary

Executive summary

• Preliminary Q4 2025 revenue is estimated between $18.1 million and $30 million, influenced by a complex, non-monetary transaction involving a $12.9 million software sale and ongoing accounting review, with full-year 2025 revenue between $93.7 million and $105.6 million, reflecting a year-over-year decline.

• Strategic multi-year partnership with Oracle announced to accelerate aiWARE and enterprise AI deployment on Oracle Cloud Infrastructure, providing financial incentives and improved scalability.

• Transformation to a focused, platform-driven company is complete, with operational, financial, and technical strength now established.

• Expanded access to over 50 million hours of monetizable datasets, positioning for significant VDR revenue growth.

• Ended FY 2025 with $27.4 million in cash and cash equivalents and $45.6 million in convertible debt after significant debt reduction.

Financial highlights

• Q4 2025 revenue range is wide due to the accounting treatment of a $12.9 million non-monetary transaction; FY 2025 revenue: $93.7M–$105.6M vs. $92.6M in FY 2024.

• Q4 2025 GAAP net loss from continuing operations ranges from $37.0 million to $25.1 million; non-GAAP net loss from continuing operations ranges from $13.9 million to $2.0 million.

• Public sector division achieved 68% year-over-year growth in Q4.

• Licensing team executed 224 orders in Q4, up nearly 10% year-over-year; software deal volume grew 14% to 33 deals.

• Broadbean division distributed over 7.6 million unique jobs in 2025, driving 132 million engagements.

Outlook and guidance

• Fiscal 2026 revenue guidance is $130 million–$145 million, representing a 47% year-over-year increase at the midpoint.

• Public sector revenue expected to grow 60%–70% year-over-year in 2026.

• Gross margins projected to fluctuate between 60%–65%; non-GAAP net loss expected between $13.5 million–$22.5 million, a 54% improvement at the midpoint.

• Profitability could be achieved as early as Q4 2026, contingent on VDR and public sector growth.

• Sequential quarterly revenue growth expected in 2026, with a pronounced ramp in VDR revenue starting Q2.