Filing Flows › Veritone (VERI) › Q4 2024
Veritone (VERI) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Apr 1, 2025
Veritone (VERI) reported revenue of $22.4M for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and +2% from the quarter before. Operating margin was -93.8%, net earnings $31.8M (141.7% of revenue).
Veritone, Q4 2024: revenue $22.4M (-17% year over year), operating margin -93.8%, net earnings $31.8M, operating cash flow −$500K. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.4M | +2% | -17% |
| Operating profit | −$21.0M | — | — |
| Net earnings | $31.8M | — | — |
| Operating cash flow | −$500K | — | — |
What changed
Revenue was $22.4M in Q4 2024, down 17% year over year and up 2% from the previous quarter. Software Products and Services was the largest line at 69% of revenue.
Operating costs exceeded revenue by $21.0M, an operating margin of -93.8%. Total costs fell 7% while revenue fell 17%. The fastest-growing cost line was General & admin (+17%). Net earnings were $31.8M, up 161% year over year. The effective tax rate was -0.5%. Non-operating items added $52.7M, 166% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$500K. Non-cash charges added back $7.1M of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items used $41.5M. Capital expenditures of $1.2M exceeded it, leaving free cash flow of −$1.7M.
Questions
What was Veritone's revenue in the fourth quarter 2024?
Veritone (VERI) reported revenue of $22.4M for the fourth quarter 2024 (Q4 2024), -17% from a year earlier and +2% from the quarter before.
Was Veritone profitable in the fourth quarter 2024?
Operating loss was $21.0M (-93.8% of revenue) and net earnings $31.8M.
Source: Veritone 10-K on SEC EDGAR.