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Veritone 8-K Filings

VERI NASDAQ

Every 8-K that Veritone (VERI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow VERI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VERI filings page.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

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.

Rhea-AI Summary

Veritone, Inc. announced a restructuring plan that includes a significant workforce reduction and cuts to third-party operating costs. The plan is expected to reduce the company’s workforce by at least 25% compared to its employee count as of March 31, 2026.

The restructuring, which began on June 10, 2026 and is expected to be substantially completed by late July 2026, aims to achieve an annualized reduction of up to 30% in operating expenses versus the trailing twelve months ended March 31, 2026. Veritone cannot yet estimate the total charges, which will mainly relate to severance, transition costs, certain contract exit costs and continued employee benefits.

Rhea-AI Summary

Veritone, Inc. entered into a sales agreement with UBS Securities, Needham & Company, and Craig-Hallum to sell up to $50.0 million of common stock from time to time in an at-the-market equity offering under its existing Form S-3 shelf registration.

The sales agents will use commercially reasonable efforts to execute sales on The Nasdaq Global Market or other trading venues, for a commission of up to 3.0% of the gross sales price, plus reimbursed expenses. Veritone is not obligated to sell any shares, and the agreement can be terminated by either side on ten days’ notice, upon certain adverse events, or by mutual agreement.

Rhea-AI Summary

Veritone reported mixed Q1 2026 results but reaffirmed strong full-year guidance. Revenue was $20.3 million, down 9.8% from Q1 2025, while Annual Recurring Revenue rose to $64.2 million, up 9.4% with nearly 50% growth in consumption-based ARR.

GAAP gross margin improved slightly to 61.4%, and operating loss narrowed to $19.4 million, a 10.2% improvement year over year. GAAP net loss was $19.5 million, while non-GAAP net loss increased modestly to $11.9 million.

The company highlighted rapid momentum in Veritone Data Refinery, exiting Q1 with qualified bookings and near-term pipeline above $68.0 million, up 500% year over year, plus new hyperscaler contracts with Google and NVIDIA and a multi-year Oracle partnership. Management is pursuing a targeted 30% operating expense reduction and still expects operating profitability as early as Q4 2026.

For full-year 2026, Veritone reaffirmed expected revenue of $130–$145 million versus $92.6 million in 2025 and a reduced non-GAAP net loss of $13.5–$22.5 million compared with $40.8 million in 2025.

Rhea-AI Summary

Veritone, Inc. has dismissed Grant Thornton LLP as its principal independent registered public accounting firm, effective April 23, 2026, following approval by the board’s Audit Committee. Grant Thornton’s audit reports for the years ended December 31, 2024 and 2025 were unqualified but included explanatory paragraphs about substantial doubt regarding Veritone’s ability to continue as a going concern.

The company reports that during those periods and through April 23, 2026 there were no disagreements with Grant Thornton on accounting principles, disclosures, or audit scope, and no reportable events other than multiple material weaknesses in internal control over financial reporting previously disclosed in Veritone’s 2024 and 2025 annual reports.

The Audit Committee has engaged CBIZ CPAs P.C. as the new principal accountant effective April 23, 2026. Veritone states it did not consult CBIZ on accounting principles, potential audit opinions, or any disagreements or reportable events before this appointment. Grant Thornton will provide a letter to the SEC agreeing or disagreeing with these disclosures, filed as an exhibit.

Rhea-AI Summary

Veritone, Inc. determined that its previously issued unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2025 should no longer be relied upon. The company found multiple errors in revenue recognition, cost of revenue, asset valuations, and foreign currency translation.

After adjustments, Q3 2025 revenue decreased from $29,118 thousand to $26,632 thousand and net loss widened from $26,880 thousand to $29,239 thousand. For the nine months ended September 30, 2025, revenue fell from $75,594 thousand to $72,288 thousand and net loss increased from $73,553 thousand to $75,606 thousand.

The company will file an amended Q3 2025 Form 10-Q to restate these figures and revise Q2 2025 interim results for immaterial errors. Management also identified a new material weakness in internal control over financial reporting related to revenue recognition, and concluded that its disclosure controls and internal control over financial reporting were not effective as of December 31, 2025.

Rhea-AI Summary

Veritone, Inc. reported preliminary, unaudited results for Q4 and full-year 2025 and outlined a strategic shift toward partner-led AI growth. Q4 2025 revenue is estimated between $18.1 million and $30.0 million, with a GAAP net loss from continuing operations between $37.0 million and $25.1 million and non-GAAP net loss between $13.9 million and $2.0 million.

For 2025, revenue is expected between $93.7 million and $105.6 million versus $92.6 million in 2024, with GAAP net loss from continuing operations between $110.5 million and $98.6 million and non-GAAP net loss between $39.5 million and $27.6 million compared with $40.8 million in 2024. Veritone announced a multi-year strategic agreement with Oracle to support enterprise and generative AI on Oracle Cloud Infrastructure and highlighted Veritone Data Refinery bookings and near-term pipeline of over $50.0 million, more than 250% above Q4 2024.

The company strengthened its balance sheet by repaying $36.7 million under its senior secured credit facility and repurchasing about $45.7 million of 1.75% convertible notes, reducing debt by roughly $77.5 million, saving about $13.0 million annually in debt costs, and ending 2025 with $27.4 million in cash and $45.6 million of convertible debt. For full-year 2026, Veritone projects revenue of $130 million to $145 million and a non-GAAP net loss of $22.5 million to $13.5 million.

Rhea-AI Summary

Veritone, Inc. (VERI) furnished an Item 2.02 Form 8‑K to clarify its third‑quarter commentary and provide context on certain non‑cash and non‑operational expenses that affected the third quarter of 2025. The company issued a related press release, furnished as Exhibit 99.1.

The company stated that the clarification was provided in light of certain published reports. The information was furnished under Item 2.02 and is not deemed filed or incorporated by reference unless specifically noted.

Rhea-AI Summary

Veritone, Inc. (VERI) announced plans to repay in full its Term Loan Facility and repurchase a significant portion of its 2026 convertible notes. The company intends to repay $36.7 million on November 12, 2025, comprising $31.8 million principal, $0.5 million accrued interest, and a prepayment premium equal to 14% of principal. Following repayment, obligations under the facility are terminated.

Veritone also entered into privately negotiated transactions to repurchase approximately $45.7 million aggregate principal amount (about 50%) of its 1.75% Convertible Senior Notes due 2026, using approximately $39.0 million in cash and issuing 625,000 shares of common stock. After canceling the repurchased notes, approximately $45.6 million principal will remain outstanding. The repurchases are expected to close on or about November 12, 2025 and could affect the market price of the company’s common stock.

Rhea-AI Summary

Veritone, Inc. (VERI) furnished an update on its business, announcing financial results for the third quarter ended September 30, 2025. The company provided details in a press release attached as Exhibit 99.1.

The information was furnished under Item 2.02 of Form 8-K and is not deemed filed for liability purposes under Section 18 of the Exchange Act, nor incorporated by reference unless specifically stated.

Rhea-AI Summary

Veritone, Inc. announced a registered direct offering of 12,864,494 shares of common stock. The shares are being sold to purchasers named in a securities purchase agreement dated October 15, 2025. The transaction was made pursuant to Veritone’s effective Form S-3 shelf registration (No. 333-280148), using a base prospectus and a prospectus supplement. The company also filed the related legal opinion and consent as exhibits.

Rhea-AI Summary

Veritone, Inc. announced a registered direct offering of 12,864,494 shares of common stock at $5.83 per share, for expected gross proceeds of approximately $75.0 million. The transaction is expected to close on or about October 17, 2025, subject to customary closing conditions.

The company plans to use net proceeds, together with existing cash and cash equivalents, for working capital and general corporate purposes including capital expenditures, debt service, and repayment of indebtedness. The offering is being made under an effective Form S-3 shelf with a related base prospectus and prospectus supplement.

Rhea-AI Summary

Veritone, Inc. announced preliminary, unaudited results for the quarter ended September 30, 2025. The company expects a GAAP net loss of $(29.3)M to $(19.3)M for Q3 2025, and a non-GAAP net loss of $(6.0)M to $(5.5)M. For the nine months ended September 30, 2025, Veritone forecasts a GAAP net loss of $(76.0)M to $(66.0)M and a non-GAAP net loss of $(25.8)M to $(25.3)M.

The reconciliation lists Q3 adjustments including interest expense of $2.9M, depreciation and amortization of $7.4M, stock-based compensation of $1.6M, and other non‑recurring items of $2.0M to $1.5M. These figures are estimates and may change upon filing the Form 10‑Q.

The company includes forward‑looking statements and notes risks such as its ability to continue as a going concern and to service or refinance debt, alongside execution priorities in expanding its aiWARE SaaS business and integrating prior transactions.

Rhea-AI Summary

Veritone, Inc. (VERI) furnished an update on its business by announcing preliminary, unaudited financial results for the quarter ended September 30, 2025. The company disclosed the information via a press release attached as Exhibit 99.1.

The press release is furnished under Item 2.02 and is not deemed filed or incorporated by reference, limiting related liabilities. Veritone’s common stock trades on the Nasdaq Global Market under the symbol VERI.

Rhea-AI Summary

Veritone, Inc. amended its existing Credit and Guaranty Agreement through a Fourth Amendment dated August 29, 2025. The change adjusts the financial covenant that governs the company’s minimum Consolidated Liquidity. The covenant requires liquidity to be at least $5 million for the period beginning on June 13, 2025 and extending through September 12, 2025. Starting September 13, 2025, the minimum Consolidated Liquidity level increases to $15 million and will remain at that level through the loan’s maturity. All other terms of the underlying credit agreement remain in effect, with the detailed amendment set out in the attached exhibit.