Veritone Inc (0LP5.L) Q3 2025 Earnings Report

Veritone (0LP5.L) reported Q3 2025 revenue of $29.081 million, up 32.2% year over year and 21.1% quarter over quarter, signaling meaningful demand for the aiWARE platform and related AI-enabled services. Despite the top-line strength, profitability remains under substantial pressure, with an operating loss of $26.88 million and a net loss of $26.86 million for the quarter. EBITDA was negative at $16.58 million, underscoring that gross margin expansion is not yet translating into earnings power due to high operating expenses. The company continues to invest aggressively in R&D and SG&A to scale its AI capabilities and go-to-market footprint, which is prudent for growth but heightens near-term profitability risk. Balance sheet metrics show elevated leverage and modest liquidity, indicating that ongoing execution and cost discipline will be critical to sustain operations and funding through the current investment phase. The outlook hinges on monetization of aiWARE at scale, enterprise deals, and managing the cost base as product wins convert to recurring revenue.