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Jun 30, 2025
Veritone Q2 2025 Earnings Report
Veritone achieved the top end of its updated revenue guidance, grew core AI software revenue, and expanded its Data Refinery pipeline in Q2 2025.
Key Takeaways
Veritone reported Q2 2025 total revenue of $24.0 million, meeting the high end of its updated guidance. The company saw significant growth in its core AI software revenue, which increased by 45% excluding Veritone Hire, and expanded its Veritone Data Refinery pipeline to over $20.0 million. Despite a net loss of $26.8 million, the company initiated cost reduction efforts and secured a significant contract with the United States Air Force.
Total revenue for Q2 2025 was $24.0 million, aligning with the top end of updated guidance.
Software Products & Services revenue grew 11.8% year-over-year to $17.5 million, with core AI software revenue (excluding Veritone Hire) increasing over 45%.
Veritone Data Refinery's qualified and near-term pipeline expanded to over $20.0 million, a 33% increase from June 2025 estimates and 100% from Q1 2025.
The company secured a sole source contract with the United States Air Force for deploying aiWARE & iDEMS across portions of the Department of Defense.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Veritone expects revenue for Q3 2025 to be between $28.0 million and $30.0 million, and full-year 2025 revenue to be in the range of $108 million to $115 million. Non-GAAP net loss is projected to improve for both periods.
Positive Outlook
- Q3 2025 revenue expected to increase significantly to $28.0 million - $30.0 million, up from $22.0 million in Q3 2024.
- Full-year 2025 revenue expected to be $108 million - $115 million, implying a 20% annual increase at the midpoint compared to fiscal 2024.
- Non-GAAP net loss for Q3 2025 is expected to improve to $6.5 million - $6.0 million, from $11.1 million in Q3 2024.
- Full-year 2025 non-GAAP net loss is projected to decrease to $30.0 million - $25.0 million, implying a 33% annual decrease at the midpoint compared to fiscal 2024.
- The company remains on track to achieve profitability by the second half of 2026.
Challenges Ahead
- The company still anticipates a net loss for both Q3 2025 and the full year 2025.
- The forward guidance supersedes any previously disclosed financial guidance, indicating potential shifts in 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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