Veritone, Inc. (VERI) SEC Filings

Veritone, Inc. approved a restructuring plan that includes a workforce reduction and reductions in certain third-party operating costs. The company now estimates it will incur $3.9 million to $4.5 million of employee transition costs, severance payments and related benefits, and $0.7 million to $0.8 million of exit costs related to terminating or renegotiating certain third-party operating agreements.

Veritone reports that it has incurred $4.5 million of these restructuring-related costs through June 30, 2026, recorded as restructuring charges for the three and six months ended June 30, 2026. The company expects to incur the remaining costs through the first half of 2027, and states that the ultimate amount and timing of total costs and charges under the plan may vary based on final workforce reductions and third-party agreement changes.

Veritone, Inc. reports that for the quarter ended June 30, 2026 it generated $24.3 million in revenue, slightly above the prior-year quarter, but recorded a net loss of $22.2 million and an operating loss of $22.1 million. For the first six months of 2026, revenue was $44.5 million with a net loss of $41.7 million. Cash used in operating activities was $22.1 million in the first half.

Liquidity remains strained: as of June 30, 2026 Veritone held $12.4 million of cash and cash equivalents, a working capital deficit of $53.1 million, and $45.6 million of 1.75% convertible senior notes maturing in November 2026. Management states there is substantial doubt about the company’s ability to continue as a going concern without generating significant cash flows, securing additional financing, and addressing the notes before maturity. To reduce expenses, Veritone launched a restructuring plan in June 2026 targeting at least a 25% workforce reduction and estimates $4.5–$5.3 million of related pre-tax charges, realizing about $11.3 million of annualized savings to date. The company is also raising equity through a $50 million at-the-market program, under which it sold shares for $9.4 million of net proceeds in the first half.

Veritone, Inc. reported second quarter 2026 revenue of $24.3 million, up 4.6% year over year and 20% sequentially. Software Products & Services contributed $16.7 million, essentially flat, while Managed Services grew 15.2% to $7.5 million. Annual Recurring Revenue was $62.0 million, roughly flat year over year, with SaaS ARR down 15.1% to $43.2 million and consumption ARR up 71.2% to $18.8 million.

Profitability remains weak. GAAP gross margin fell to 58.5% from 67.5% a year earlier as mix shifted to lower-margin revenue. Operating loss widened to $22.1 million, driven by $4.5 million of restructuring expense, while GAAP net loss improved to $22.2 million from $26.5 million mainly on lower interest expense. Non‑GAAP net loss increased to $10.0 million. For the first half, revenue declined 2.5% to $44.5 million and GAAP net loss was $41.7 million.

Management completed the first phase of restructuring, achieving $11.3 million in annualized cost reductions (about 11% of operating expenses) and targets total reductions of 15%–20% by year‑end 2026, with more in 2027. Year‑end 2026 guidance calls for revenue of $100–$115 million (vs. $92.6 million in 2025) and non‑GAAP net loss of $22–$32 million (vs. $40.8 million). On the balance sheet, cash and cash equivalents were $12.4 million against $45.5 million of current convertible notes, and the company highlights its ability to continue as a going concern and to repay its 1.75% convertible senior notes due November 2026 as key risks.

BlackRock, Inc. reports beneficial ownership of Veritone, Inc. common stock on a Schedule 13G. BlackRock and certain of its business units collectively hold 6,571,304 shares of Veritone common stock, representing 7.1% of the outstanding class.

BlackRock has sole voting power over 6,502,934 shares and sole dispositive power over 6,571,304 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends and sale proceeds, but no single client holds more than five percent of Veritone’s total outstanding common shares.

Veritone, Inc. investor Ryan Steelberg reports beneficial ownership of 6,204,910 shares of common stock, representing 6.5% of the class. He holds sole voting and sole dispositive power over these shares.

Amendment No. 12 to his Schedule 13D also describes new equity awards granted on July 14, 2026. Steelberg received 925,000 restricted stock units that vest in three equal installments on July 7, 2027, July 7, 2028, and July 7, 2029, subject to continued service. He also received 925,000 performance stock units vesting in three equal tranches upon achievement of stock-price milestones of $1.8825, $3.7650, and $5.6475 per share, based on a 90-day volume-weighted average price and certification by the compensation committee.

Steelberg Ryan reported acquisition or exercise transactions in this Form 4 filing.

Veritone, Inc. president and CEO Ryan Steelberg received equity compensation of 925,000 restricted stock units and 925,000 performance stock units on July 14, 2026. The RSUs vest one‑third on July 7, 2027, 2028 and 2029, conditioned on continued service. The PSUs vest in three equal tranches upon stock‑price milestones of $1.8825, $3.7650 and $5.6475 per share, based on 90‑day volume‑weighted average prices certified by the compensation committee. After these awards he holds 2,200,868 shares directly, plus additional indirect holdings through RVH, LLC and The RSS Living Trust, for which he partially disclaims beneficial ownership.

Veritone, Inc. reported that on July 14, 2026, its President, Chief Executive Officer and Chairman, Ryan Steelberg, voluntarily reduced his annual salary by 50%, from $665,000 to $332,500. The change applies to his cash compensation as a senior executive.

The company links this salary reduction to its ongoing cost reduction initiatives and a broader realignment of its business and operating cost structure. The move reflects an adjustment in top executive pay in the context of these restructuring and cost-management efforts.

Veritone, Inc. reported results of its July 7, 2026 annual stockholder meeting and related corporate actions. Stockholders approved an amendment to the certificate of incorporation increasing authorized common stock from 150,000,000 to 225,000,000 shares, effective upon filing in Delaware on July 10, 2026.

Stockholders also approved an amendment and restatement of the company’s 2023 equity incentive plan, adding 3,000,000 shares of common stock available for equity awards. A time-based and a performance-based RSU grant to President, CEO and Chairman Ryan Steelberg were approved.

At the meeting, 47,523,454 shares of common stock were present in person or by proxy out of 92,954,401 shares outstanding and entitled to vote, representing approximately 51.12% of eligible shares. All six proposals on the agenda, including director elections, auditor ratification and advisory say‑on‑pay, received majority support.

Zilis Michael reported acquisition or exercise transactions in this Form 4 filing.

Veritone director Michael Zilis reported receiving equity awards in the form of restricted stock units (RSUs). He was granted 120,000 RSUs that will vest in full on the earlier of July 7, 2027, or the day immediately before Veritone’s 2027 annual meeting of stockholders.

A separate grant of 120,000 RSUs was also reported. For this award, 50% will vest on the earlier of July 7, 2027, or the day immediately before the 2027 annual meeting, and the remaining 50% will vest on March 14, 2028. These RSUs represent the right to receive shares of Veritone common stock upon vesting and reflect stock-based compensation rather than open-market purchases.