VERI 8-K SEC Filing Analysis

Latest settled — T+5d

VERI ▲ +1.52% at T+5d

NEUTRAL call ✓ call won +1.52% · α vs SPY +1.45% · entry $1.97 → $2.00

Next anchor: T+20d in 17d

Last close $2.14 (close May 22) · +8.63% from $1.97 entry

Entry anchored
May 11, 03:59 PM ET
via Databento tick

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call +2.28% · α +1.71%

$2.02

settled 11d ago

T+5d

+1.52%

call +1.52% · α +1.45%

$2.00

settled 5d ago

T+20d

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call — · α —

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in 17d

T+60d

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in 2mo

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Executive Summary

Veritone reported Q1 2026 revenue of $20.3M, a 9.8% decline YoY, and a GAAP net loss of $19.5M ($0.21/share), slightly narrower than the $19.9M loss in Q1 2025. The company reaffirmed its FY 2026 revenue guidance of $130M-$145M and announced a 30% operating expense reduction initiative targeting profitability as early as Q4 2026. While VDR pipeline growth and new hyperscaler contracts (Google, NVIDIA, Oracle) are positive, the top-line decline and continued cash burn ($11.5M operating cash outflow) keep the outlook mixed.

Key Financial Metrics

Guidance

$130M-$145M

maintained

Free Cash Flow

-$12.0M

Gross Margin

61.4%

Actionable Insight

Revenue decline and cash burn are concerning, but the VDR pipeline growth, new hyperscaler contracts, and cost reduction plan provide a potential catalyst. Monitor Q2 2026 for evidence of operating expense reduction and progress toward Q4 2026 profitability target. The $45.4M convertible note maturity in November 2026 is a key refinancing risk.

Key Facts

Q1 2026 revenue $20.3M, down 9.8% YoY from $22.5M
GAAP net loss $19.5M ($0.21/share) vs $19.9M ($0.41/share) in Q1 2025
Non-GAAP net loss $11.9M, up 6.8% YoY from $11.1M
ARR grew 9.4% YoY to $64.2M, driven by 49.7% growth in consumption-based ARR
VDR qualified bookings and near-term pipeline exceeded $68M, up 500% YoY
Reaffirmed FY 2026 revenue guidance of $130M-$145M and non-GAAP net loss of $13.5M-$22.5M
Announced targeted 30% operating expense reduction, targeting profitability as early as Q4 2026
Cash and cash equivalents fell to $15.1M from $27.4M at year-end 2025; operating cash flow used $11.5M
Convertible notes of $45.4M due November 2026 remain outstanding

Financial Impact

Revenue declined $2.2M YoY; operating loss improved $2.2M; cash burn continues at $11.5M/quarter

revenuenet lossoperating cash flowARR

Risk Factors

Revenue declined 9.8% YoY, driven by managed services and talent acquisition weakness
Cash burn continues: operating cash flow used $11.5M in Q1, cash balance down to $15.1M
$45.4M convertible notes due November 2026 create refinancing risk
Non-GAAP net loss widened 6.8% YoY despite cost cuts
Customer count declined 8.2% YoY to 2,897

Market Snapshot

Exchange

Nasdaq

Sector

Services-Computer Processing & Data Preparation

Analyst Consensus

82% bullish (11 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001628280-26-033862
Document: veri-20260512.htm	0001628280-26-033862
Document: 0001628280-26-033862-index-headers.html	0001628280-26-033862
Document: 0001628280-26-033862-index.html	0001628280-26-033862
Document: 0001628280-26-033862.txt	0001628280-26-033862
8-K Data (Synthetic)	0001628280-26-033862

3 reports for VERI

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for VERI — sortable, filterable
	Type				Now
May 21, 2026 2d ago	8-K NEUTRAL ★ 4/10	$2.10 awaiting T+5	awaiting T+5	—	$2.14 (+1.90%)
May 12, 2026 11d ago	8-K MIXED ★ 5/10	$1.97 $2.00	▲ +1.52%	▲ +1.45%	$2.14 (+8.63%)
Apr 15, 2026 5w ago	10-Q/A BEARISH ★ 7/10	$2.09 $2.39	▼ −14.35%	▼ −12.71%	$2.14 (−2.39%)

US Market Status

Market Closed — Opens Tue (35h 15m)

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