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Veritone Q1 2025 Earnings Report
Veritone reported its first quarter 2025 results, with revenue of $22.5 million, a decrease of 7% compared to Q1 2024, and a net loss of $19.9 million, an improvement from a loss of $25.2 million in Q1 2024.
Key Takeaways
Veritone delivered solid topline performance in Q1 2025, with revenue of $22.5 million, despite a 7% decrease year-over-year. The company improved its financial condition, reducing net loss to $19.9 million from $25.2 million in Q1 2024, and saw accelerated adoption of its Veritone Data Refinery offering.
Total Revenue for Q1 2025 was $22.5 million, in line with preliminary outlook.
Net loss improved to $19.9 million in Q1 2025 from $25.2 million in Q1 2024.
Veritone Data Refinery (VDR) exited the quarter with a qualified and near-term pipeline of over $10.0 million, up from $5.0 million in March 2025.
Annual Recurring Revenue (ARR) was $58.7 million, with SaaS contributing $47.5 million (81%) from subscription-based customers.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Veritone expects revenue for Q2 2025 to be between $23.0 million and $25.0 million, and full-year 2025 revenue between $104 million and $115 million, representing an 18% implied annual increase at the midpoint.
Positive Outlook
- Q2 2025 revenue expected to be in the range of $23.0 million to $25.0 million, compared to $24.1 million for Q2 2024.
- Full Year 2025 revenue expected to be in the range of $104 million to $115 million, compared to $92.6 million for fiscal 2024.
- Full Year 2025 revenue guidance implies an 18% annual increase at the midpoint.
- Non-GAAP net loss for Q2 2025 expected to improve to $9.0 million to $8.0 million, compared to $9.7 million for Q2 2024.
- Non-GAAP net loss for Full Year 2025 expected to improve to $30.0 million to $20.0 million, compared to $40.8 million for fiscal 2024, implying a 39% annual increase at the midpoint.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text, as the outlook focuses on positive growth and improved financial metrics.
- The guidance supersedes any previously disclosed financial guidance, indicating potential changes from prior expectations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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