Veritone stock (US92343X1063): Q1 2026 non-GAAP results and 57% YTD decline

Veritone released Q1 2026 non-GAAP supplement showing $20.3M revenue, down from $22.5M prior year, with gross margin at 65%. Shares down 57.6% YTD to $1.97.

Veritone Inc. published its quarterly non-GAAP supplement for Q1 2026 on May 14, 2026, reporting total revenue of $20,259 thousand, a decline from $22,463 thousand in Q1 2025. Non-GAAP gross profit stood at $13,709 thousand with a 65.1% margin, compared to 61.4% GAAP margin. The stock has fallen 57.6% year-to-date from $4.65, trading at $1.97 as of recent data, according to MarketBeat as of 05/14/2026.

As of: 14.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Veritone, Inc.
• Sector/industry: Technology / AI software
• Headquarters/country: United States
• Core markets: Media, government, legal
• Key revenue drivers: aiWARE platform subscriptions, services
• Home exchange/listing venue: Nasdaq (VERI)
• Trading currency: USD

Veritone: core business model

Veritone operates an AI operating system called aiWARE, which orchestrates machine learning models for data processing in media, entertainment, government, and legal sectors. The platform enables applications like content monetization, evidence management, and public safety solutions. Revenue stems primarily from software subscriptions and professional services, with a focus on cloud-based AI inference.

Founded in 2014 and headquartered in Irvine, California, Veritone went public on Nasdaq in 2017. It serves over 2,000 customers, including media broadcasters and law enforcement agencies, leveraging partnerships with AWS and Google Cloud for scalability relevant to US investors tracking AI adoption in content and justice systems.

Main revenue and product drivers for Veritone

Key revenue drivers include aiWARE platform licensing, making up the bulk of sales, alongside media monetization tools and government solutions. Q1 2026 revenue of $20.3 million reflected softer demand, per the Marketscreener report as of 05/14/2026. Non-GAAP adjustments added back $915 thousand in stock-based compensation.

Gross margins improved to 65.1% non-GAAP from 61.1% GAAP year-over-year, driven by higher-margin software sales. The company guides net loss between $(43.3) and $(53.8) million for full-year 2026, with depreciation at $21.5-$22.5 million.

Industry trends and competitive position

Veritone competes in the AI software space against players like SoundHound AI and BigBear.ai, focusing on vertical-specific applications. Analyst consensus targets $9.00, implying upside from $2.00 levels, based on three buy and one sell rating as of May 2026, per MarketBeat as of 05/14/2026. The stock's YTD drop of 57.6% trails broader tech declines amid AI hype cooling.

Why Veritone matters for US investors

Listed on Nasdaq, Veritone offers US investors exposure to AI in media and public sectors, key to the $500B+ US digital content market. Its government contracts provide defense-adjacent revenue stability amid rising federal AI spending.

Conclusion

Veritone's Q1 2026 results highlight revenue pressure but margin gains amid AI market dynamics. With shares down sharply YTD and analyst targets pointing higher, the stock reflects volatility in emerging tech. Investors monitor upcoming quarters for aiWARE traction in core verticals.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.