Veritone Q1 Revenue $20.3M; ARR $64.2M; Reaffirms 2026 Guide
Veritone, Inc. announced its first quarter 2026 financial results, reporting total revenue of $20.3 million, a 9.8% decrease year over year, and a net loss of $19.5 million, which improved by 1.8% from Q1 2025. Despite the revenue decline, Annual Recurring Revenue (ARR) grew 9.4% to $64.2 million, driven by a 69% increase in Public Sector Revenue and 50% growth in consumption-based ARR. The company highlighted significant progress in its Veritone Data Refinery (VDR) with a pipeline exceeding $68.0 million, new contracts with Google and NVIDIA, and a strategic agreement with Oracle, while also reaffirming its full-year 2026 revenue guidance of $130 million to $145 million and announcing a 30% operating expense reduction initiative aimed at achieving operating profitability by Q4 2026.
Key Highlights
- Q1 Total Revenue: $20.3 million, a 9.8% decrease year over year.
- Q1 Net Loss: $19.5 million, an improvement of 1.8% year over year.
- Annual Recurring Revenue (ARR): $64.2 million, up 9.4% year over year.
- Public Sector Revenue: Increased 69% year over year in Q1.
- Veritone Data Refinery (VDR) pipeline: Exceeded $68.0 million, up 500% YoY.
- Strategic agreements: Signed Google and NVIDIA for VDR, and Oracle for enterprise AI.
- Operating Expense reduction: Targeted 30% initiative for Q4 2026 operating profitability.
- Full Year 2026 Revenue Guidance: Reaffirmed at $130 million to $145 million.