Veritone stock soars 22% on FY2026 revenue outlook

LootboxPhobia · 2026-03-27T04:05:09+00:00

Veritone Inc. Q4 results fell short of expectations, with revenue of $18.1 million, down 19% year-over-year. Nevertheless, the fiscal year 2026 revenue guidance is between $130 million and $145 million, exceeding analyst expectations, and the stock price rose 22%. The company emphasized entering a new phase and actively seizing opportunities in the artificial intelligence and data markets.

LootboxPhobia

2026-03-27 04:05:09

Abstract generation in progress

Irvine, California - Veritone Inc. (NASDAQ:VERI) reported fourth-quarter results that fell short of analyst expectations, but the revenue guidance for fiscal year 2026 exceeded forecasts, driving the stock price up by 22%.

The artificial intelligence and data solutions company reported fourth-quarter revenue of $18.1 million, below the consensus estimate of $34.29 million, a 19% decrease year-over-year from $22.4 million in the same period last year. The adjusted earnings per share were -$0.41, missing the expected -$0.09. Due to the company finalizing the accounting treatment for certain revenue transactions, it provided a broad revenue range of $18.1 million to $30 million for the quarter.

For fiscal year 2026, Veritone expects revenue of $130 million to $145 million. The midpoint of $137.5 million exceeds the consensus estimate of $129.3 million from analysts. The company anticipates an adjusted net loss for the year to be between $22.5 million and $13.5 million. The stock price rose following the guidance announcement.

“We are entering a new phase for Veritone characterized by execution, scalability, and financial discipline,” said President and CEO Ryan Steelberg. “We believe that with an improved balance sheet, a growing VDR pipeline, and continued momentum in the public sector, we are well-positioned to capture significant opportunities in the artificial intelligence and data economy.”

At the end of fiscal year 2025, the company’s Veritone Data Refinery had total new signed orders and an active pipeline exceeding $50 million, representing over a 25% increase from the estimate in November 2024 and a 250% increase from the fourth quarter of 2024. Veritone announced a strategic agreement with Oracle Financial Software to accelerate the deployment of enterprise artificial intelligence solutions.

At the end of fiscal year 2025, Veritone had $27.4 million in cash and cash equivalents and $45.6 million in convertible debt, having previously repaid 100% of its senior secured term loan and approximately 50% of its convertible notes in the fourth quarter.

This article was assisted by artificial intelligence. For more information, please refer to our terms of use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes