Slide 1: Investor Presentation
Investor Presentation May 2025 Copyright © 2025 Veritone, Inc. All rights reserved. Copyright © 2025 Veritone, Inc. All rights reserved. Trademarks are the property of their respective owners.
Slide 2: Forward-Looking Statements & Disclaimers
Forward-Looking Statements & Disclaimers This presentation of Veritone, Inc. (the “Company”) contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve substantial risks and uncertainties. Without limiting the generality of the foregoi
Slide 3: The enterprise AI company that makes humans even better
The enterprise AI company that makes humans even better. Veritone is a leading enterprise AI software, applications and services provider with one mission – to advance the capabilities of AI to empower people to do more than they ever thought possible. Software, products & Founded in NASDAQ: Employe
Slide 4: A decade of leading the way
• Acquires Machine Box; company exceeds 300 full-time employees A decade • aiWARE applications include IDentify, Redact and Attribute • Completes registered • Acquires Performance Bridge Media direct offering of • Acquires Wazee Digital common stock and pre- • First $1M quarter for aiWARE funded war
Slide 5: The Data Problem
It all starts with The Data Problem data. We’re committed to Every day, enterprises generate a advancing AI technology massive volume of data—much of it to help transform unstructured. unstructured data into actionable Vast amounts of audio, video and text Intelligence. without pre-defined models or
Slide 6: Unstructured data in, intelligence out.
Unstructured data in, intelligence out. 862 Unique AI Models Used Entertainment archives • Bodycam footage • Sports broadcasts Drone footage • CCTV • News broadcasts • Courtroom recordings Radio broadcast • Podcasts • Interviews • Phone call recordings Audio books • Legal Proceedings • Air Traffic C
Slide 7: Veritone aiWARE Enterprise AI OS
Our Platform Solution Veritone aiWARE Enterprise AI OS ● AI Platform: A proprietary AI operating system that supports and offers hundreds of cognitive and generative AI models to analyze, Industry Applications Application Layer organize, and act on data in near real-time. ● Multi-Engine Flexibility:
Slide 8: Empowering a robust partner & customer ecosystem
Empowering a robust partner & customer ecosystem. Copyright © 2025 Veritone, Inc. All rights reserved. 8 Copyright © 2025 Veritone, Inc. All rights reserved. Trademarks are the property of their respective owners.
Slide 9: Problems we solve
Problems we solve Data Fragmented AI explosion solutions Organizations struggle to manage Single-purpose models fall and leverage vast amounts of short—integrating multiple unstructured data—audio, video, cognitive engines is expensive and text. and slow. High cost & complexity of Slow & inefficient
Slide 10: An Operating system for AI
An Operating system for AI …compare to a computational OS Veritone Application suite Office 365 Suite Industry Applications Industry Applications API API aiWARE Windows Copyright © 2025 Veritone, Inc. All rights reserved. 10
Slide 11: Commercial Enterprise
Our AI applications and custom-built SELECT CUSTOMERS Commercial Enterprise AI solutions unlock tremendous value for commercial enterprise. Veritone enables enterprises to leverage AI to transform workflows and unlock value across functions in many industries through both pre-built AI applications a
Slide 12: Public Sector
AI-powered solutions to help government SELECT CUSTOMERS Public Sector agencies and law enforcement to automate processes, enhance compliance, and improve operational efficiency. Veritone’s public sector offerings can greatly accelerate workflows for law enforcement, government, and public safety ag
Slide 13: Veritone Data Refinery
Transform data. Power Veritone Data Refinery Intelligence. Meet Veritone Data Refinery (VDR). Designed to help enterprises transform vast amounts of unstructured data into high-quality, AI-ready assets. Through aiWARE’s advanced capabilities, VDR transforms disparate data silos into a centralized an
Slide 14: Premium training data is essential
Premium training data is essential. Veritone Data Refinery As AI models’ data needs advance from Text, to Images, to Audio & Video, Veritone is uniquely and strategically positioned to capitalize on this audio and video market demand. Veritone aiWARE* TEXT IMAGE VIDEO 862 500B-1T Tokens 1B+ Images 1
Slide 15: Significant revenue opportunities.
Significant revenue opportunities. Veritone Data Refinery Veritone’s targeted CAGR of 345% from 2024 to 2027 to address the large and growing training data market. $17B Training Data Market1 Direct Veritone Revenue Opportunity2 $60M $17.04 $30M $2.39 $5-10M+ 2025 $2.8M booked3 2026 1Sources: Fortune
Slide 16: The depth, breadth and experience to win.
The depth, Veritone Data Refinery breadth and experience to win. For over ten years, Veritone has successfully transformed unstructured data, including licensing, monetization and management of IP rights, for over 3,200 customers in the commercial and public sectors. Logos represent existing Veriton
Slide 17: Veritone's Growth Drivers
Veritone’s Growth Drivers Unlock the potential of Capitalize on data & Harness expanding existing customers integration capabilities market opportunity • Showcase expanding market • Deliver product ecosystem • Expand our offerings to meet applications of solutions across designed to drive operationa
Slide 18: Earnings Results Snapshot
Earnings Financials Results $22.5M 1Q25 Total Revenue $14.5M 1Q25 Software Products & $16.1M Cash & Cash Equivalents2 Snapshot Services Revenue KPIs Key indicators in 1Q251 3,156 $58.7M >90% 1Q25 Total Software 1Q25 Annual 1Q25 Gross Revenue Products & Services Recurring Revenue3 Retention2,3 Custom
Slide 19: Recent Business Highlights
Recent Business Mar 18 Carahsoft Canada Awarded Veritone Supply Arrangement for SaaS Under the Government of Canada Cloud Initiative Highlights Announced that Veritone’s AI solutions and software have been added to Carahsoft Canada’s Supply Arrangement for Software as a Service (SaaS) Government of
Slide 20: Financial Update
Financial Update Copyright © 2025 Veritone, Inc. All rights reserved.
Slide 21: 1Q25 Financial Highlights
1Q25 Financial Highlights $ in Millions QUARTERLY REVENUE ANNUAL RECURRING REVENUE (ARR) $24.2 $24.1 $72.6 $67.9 $63.3 $58.8 $58.7 $22.4 $22.5 $22.0 1Q24 2Q24 3Q24 4Q24 1Q25 1Q24 2Q24 3Q24 4Q24 1Q25 Total Software Products & Gross Revenue Retention(1) Revenue CAGR (2017-2025E)(2) Services Customers(
Slide 22: Quarterly Key Performance Indicators
Quarterly Key Performance Indicators Three Months Ended Three Months Ended Percent Change March 31, 2025 March 31, 2024 $ in Thousands Revenue $22,463 $24,153 (7)% Loss from Operations $(20,201) $(27,245) (26)% Net Loss $(19,875) $(26,200) (24)% Gross Profit $13,714 $16,327 (16)% Non-GAAP Gross Prof
Slide 23: Diverse Revenue Mix
Diverse Revenue Mix SaaS and consumption-based sales model provides earnings stability and flexibility to contract with companies of various sizes and preferences across industries. $ in Millions Annual Recurring Revenue (SaaS) Annual Recurring Revenue (Consumption) SaaS Revenue as % of Total ARR $7
Slide 24: Software Products & Services
Software Products & Services 1Q HIGHLIGHTS REVENUE PERFORMANCE $ in Millions • Software Products & 18 Services Revenue of $15.6 $14.5 million 16 $15.2 $15.5 $14.7 $14.5 $1.1 14 $1.5 $1.6 $1.4 $1.3 • Total ARR (SaaS and Consumption) of $58.7 12 $15.2 $15.6 $14.7 $15.5 $14.5 million from 3,156 Total 1
Slide 25: Managed Services
Managed Services 1Q HIGHLIGHTS REVENUE PERFORMANCE $ in Millions • Revenue of $8.0 million $8.9 $8.0 $5.4 $5.2 $3.5 $2.8 1Q24 1Q25 1Q25 YoY Change Licensing (3.7)% Representation Services (20.0)% Copyright © 2025 Veritone, Inc. All rights reserved. 25
Slide 26: Balance Sheet Summary
Balance Sheet Summary Three Months Ended Three Months Ended March 31, 2025 December 31, 2024 $ in Thousands Cash and Cash Equivalents $16,082 $16,911 Current Assets $61,289 $59,406 Total Assets $199,647 $198,060 Current Liabilities $62,058 $60,957 Total Liabilities $184,893 $184,608 Stockholders’ Eq
Slide 27: Appendix
Appendix Copyright © 2025 Veritone, Inc. All rights reserved.
Slide 28: FY25 Outlook
FY25 Outlook Revenue and Non-GAAP Net Loss $ in Thousands FY25 E 2Q25 E Revenue $104.0M – $115.0M $23.0M – $25.0M 1 Non-GAAP Net Loss $(30.0)M – $(20.0)M $(9.0)M – $(8.0)M (1) See Appendix for reconciliation of Non-GAAP Gross Profit to Loss from Operations and Non-GAAP Net Loss to Net Loss. Copyrigh
Slide 29: Quarterly GAAP to Non-GAAP Reconciliation (Unaudited)
Quarterly GAAP to Non-GAAP Reconciliation (Unaudited) Three Months Ended Three Months Ended $ in Thousands March 31, 2024 March 31, 2025 Net loss $ (25,198) $ (19,875) Net income from discontinued operations, net of income taxes (1,002) — Interest expense, net 2,462 2,628 Income taxes (1,045) (326)
Slide 30: Reconciliation of GAAP Net Income from Discontinued Operations to Non-GAAP
Reconciliation of GAAP Net Income from Discontinued Operations to Non-GAAP Net Income from Discontinued Operations (Unaudited) Three Months Ended $ in Thousands March 31, 2024 Net income from discontinued operations $ 1,002 Interest expense, net 1,528 Depreciation and amortization 77 Stock-based com
Slide 31: Reconciliation of Expected Non-GAAP Net Loss Range to Expected GAAP Net Loss Range
Reconciliation of Expected Non-GAAP Net Loss Range to Expected GAAP Net Loss Range (Unaudited) Three Months Ending Year Ending $ in Millions June 30, 2025 December 31, 2025 Net loss $ (21.5) to $ (18.5) $ (80.0) to $ (62.0) Interest expense, net $3.0 to $2.5 $12.0 to $10.0 Income taxes $— to $(0.5)
Slide 32: Quarterly Reconciliation of Non-GAAP Gross Profit to GAAP Gross Profit
Quarterly Reconciliation of Non-GAAP Gross Profit to GAAP Gross Profit Three Months Ended: Three Months Ended: March 31, 2025 March 31, 2024 $ in Thousands Revenues $22,463 $24,153 Cost of revenue (exclusive of depreciation and $7,834 $6,947 amortization) Depreciation and amortization related to cos
Slide 33: First Quarter 2025 Revenue Summary
First Quarter 2025 Revenue Summary 1Q25 CHANGE $ in Thousands 1Q24 1Q25 Q/Q Y/Y Commercial Enterprise Software Products & Services $13,703 $13,149 (7)% (4)% Managed Services $8,933 $7,980 15% (11)% Subtotal $22,636 $21,129 - (7)% Public Sector Software Products & Services $1,517 $1,334 (5)% (12)% Ma
Slide 34: Supplemental Financial Information
Supplemental Financial Information Our customer composition is diverse and includes various segments across our verticals, each with different purchasing trends and pricing models. In order to provide enhanced visibility into our growth composition and broad customer base, we have added ARR as a key
Slide 35: Thank you.
Thank you. Copyright © 2025 Veritone, Inc. All rights reserved.