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.
Price Chart
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
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
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
Investment Themes
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 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 1, 2026 25d ago | 8-K | $0.7490 $0.5530 | ▲ +26.17% | ▲ +27.33% | $0.5877 (+21.54%) |
Oct 1, 2026 25d ago | 424B5 | $0.7490 $0.5530 | ▲ +26.17% | ▲ +27.33% | $0.5877 (+21.54%) |
Oct 1, 2026 26d ago | 8-K | $0.7490 $0.5850 | ▲ +21.90% | ▲ +23.20% | $0.5877 (+21.54%) |
Jun 11, 2026 19w ago | Institutional Cluster | $1.57 $1.45 | ▼ −7.64% | ▼ −8.08% | $0.5877 (−62.57%) |
Jun 11, 2026 19w ago | Institutional Cluster | $1.57 $1.45 | ▼ −7.64% | ▼ −8.08% | $0.5877 (−62.57%) |
Jun 10, 2026 19w ago | 8-K | $1.57 $1.45 | ▲ +7.64% | ▲ +8.08% | $0.5877 (+62.57%) |
May 26, 2026 22w ago | DEFA14A | $2.09 $1.99 | ▼ −4.78% | ▼ −6.00% | $0.5877 (−71.88%) |
May 21, 2026 22w ago | 8-K | $2.14 $2.08 | ▼ −2.80% | ▼ −4.48% | $0.5877 (−72.54%) |
May 12, 2026 24w ago | 8-K | $1.97 $2.00 | ▲ +1.52% | ▲ +1.45% | $0.5877 (−70.17%) |
Apr 15, 2026 27w ago | 10-Q/A | $2.09 $2.39 | ▼ −14.35% | ▼ −12.71% | $0.5877 (+71.88%) |
US Market Status
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