Quarterly ResultAug 13, 2026, 04:24 PM
Veritone Q2 Revenue $24.3M, Net Loss $22.2M; $11.3M Cost Cuts
AI Summary
Veritone announced its second quarter 2026 financial results, reporting total revenue of $24.3 million, a 4.6% increase from the prior year, and a net loss of $22.2 million, which improved by 16.4% year-over-year. The company also completed the first phase of its restructuring, achieving $11.3 million in annualized cost reductions, with plans for further reductions. Veritone provided a full-year 2026 revenue outlook of $100 million to $115 million and targets operating profitability as early as the first half of 2027.
Key Highlights
- Q2 2026 total revenue was $24.3 million, up 4.6% from Q2 2025.
- Q2 2026 net loss was $22.2 million, an improvement of 16.4% year-over-year.
- Annual Recurring Revenue (ARR) reached $62.0 million, up 0.2% year-over-year.
- Completed first phase of restructuring, delivering $11.3 million in annualized cost reductions.
- Targeting additional cost reductions of $3.5 million to $8.5 million by year-end 2026.
- Full-year 2026 revenue guidance is $100 million to $115 million.
- Full-year 2026 non-GAAP net loss guidance is $22.0 million to $32.0 million.
Price Impact
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