Veritone Q2 revenue up 5% to $24.3 million; operating loss widens on restructuring
Veritone reported second-quarter 2026 revenue of $24.3 million, up 4.6% from a year earlier, while its operating loss widened 16.4% to $22.1 million, including $4.5 million in restructuring expenses. Net loss narrowed to $22.2 million, mainly due to lower interest expense, and the company is targeting $3.5 million to $8.5 million in additional cost reductions by year-end 2026. For shareholders, revenue and full-year guidance point up, but gross margin fell and the operating loss grew.
Key points
- Q2 2026 revenue was $24.3 million, up $1.1 million from Q2 2025; Annual Recurring Revenue was $62.0 million, up 0.2%.
- Operating loss was $22.1 million versus $19.0 million a year earlier; net loss was $22.2 million versus $26.5 million, helped by $3.2 million lower interest expense.
- GAAP gross margin fell to 58.5% from 67.5%, and total Software Products & Services customers declined 7.7% to 2,829.
- Full-year 2026 outlook: revenue of $100 million to $115 million versus $92.6 million in fiscal 2025; non-GAAP net loss of $22.0 million to $32.0 million versus $40.8 million.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.