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Veritone

VERI
27
Software - Application · Technology
Also trades as: 0LP5.L
Price
$1.52
+0.03 (+2.01%)
Market Cap
$141.3M
Exchange
NASDAQ
Winston Score
27
Winston is worried
Below-average fundamentals — multiple weak pillars.
Data as of Aug 13, 2026 · filings through Mar 31, 2026
How the score breaks down
Quality
Weak
Growth
Mixed
Cash Flow
Weak
Stability
Mixed
Valuation
Data not available

Share count rising — dilution

+90.1% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 33.3M (2021) → 63.3M (2025)

Winston Score History

The full picture

Veritone is a software company that builds artificial intelligence tools for businesses and government agencies. Its main product is the aiWARE platform, which uses AI to process and analyze large amounts of audio, video, and text data. Customers include media companies, broadcasters, law enforcement agencies, and federal government clients who need to search and manage large libraries of content.

Veritone earns money through software subscriptions, licensing fees, and services contracts. It also runs a talent and media licensing business that connects brands with celebrities and athletes for advertising. The company operates mainly in the United States and had a market cap of roughly $100 million as of mid-2026, reflecting years of heavy losses — its operating margin was deeply negative. The biggest risk Veritone faces is burning through cash before it can scale its AI platform enough to reach profitability, especially as larger, better-funded competitors crowd the enterprise AI market.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-9.8% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+53.3% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$21M/ year

Declining (-22% vs prior year)

22.6% of revenue

1.5x the sector average (15%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

18.2%ownership

Rising

Insiders increasing their stake — aligned with shareholders

Cash Runway

~4 months

$15M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Short runway — potential dilution ahead through share issuance

Cash watch

Veritone has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Gross Margin
39.1%
Modest — 39.1% gross margin
Operating Margin
-93.7%
Losing money on operations — -93.7%
ROCE
-20.1%
Weak — -20.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
-1.1%
Shrinking sales (-1.1% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
7/8 quarters
Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-57.6%
Burning cash (-57.6%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.93
Moderate — manageable debt (0.93)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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