| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 20.26 | 9.8% |
| Total Income | 20.26 | 9.8% |
| Expenditure | 39.68 | 10.0% |
| PBT | -20.12 | 0.4% |
| Net Profit | -19.51 | 1.9% |
| OPM | -95.87% | 0.44pp |
| NPM | -96.29% | 7.81pp |
| EPS | -0.21 | 48.8% |
Veritone Reports Q1 2026 Revenue of $20.3 Million
12 May 2026 · 12 May, 4:41 pm
Summary
Veritone, Inc. announced its first quarter 2026 results, reporting a total revenue of $20.3 million. The company's Annual Recurring Revenue (ARR) reached $64.2 million, a 9.4% increase year over year. Veritone Data Refinery (VDR) exited Q1 with significant growth in qualified bookings and near-term pipeline. The company reaffirmed its full year 2026 revenue guidance of $130-$145 million and announced a targeted 30% operating expense reduction initiative.
Key Highlights
- 1
Veritone's Q1 total revenue reached $20.3 million.
- 2
Public Sector Revenue increased by 69% year over year in Q1 2026.
- 3
Annual Recurring Revenue (ARR) increased by 9.4% year over year to $64.2 million.
- 4
Veritone Data Refinery (VDR) exited Q1 2026 with Qualified Bookings and Near-Term Pipeline in excess of $68.0 million, representing an over 150% increase from the mid-2025 estimate and up 500% year over year.
- 5
The company signed contracts with Google and NVIDIA for VDR in Q1 2026.
- 6
Veritone reaffirmed its 2026 revenue guide of $130-$145 million.
- 7
A targeted 30% Operating Expense reduction initiative was announced, reinforcing forecasted operating profitability as early as Q4 2026.
Management Comments
Ryan Steelberg
During the first quarter, we accelerated the commercialization of Veritone Data Refinery, expanded public sector adoption, and further strengthened the foundation of our AI platform. With additional leading hyperscalers now under contract, supporting a large and growing VDR pipeline with future support and scale through the Oracle partnership, we believe Veritone is uniquely positioned to support next-generation AI training and enterprise AI deployment at scale. At the same time, we are taking proactive measures to streamline operations and reduce our cost structure through restructuring and AI initiatives, as early as the end of Q2 2026, which reinforce our forecasted operating profitability as early as Q4 2026.
Informational and educational content only. Not investment advice.