Veritone, Inc. (VERI) intrinsic value & 10-year financials

Veritone, Inc. (VERI) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 29.6% a year to $92.2M, with an average return on invested capital of -102.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.54
Market cap
$34.2M
Revenue (FY2025)
$92.2M
Revenue growth (10-yr CAGR)
29.6%
ROIC (10-yr avg)
-102.6%
Free cash flow (FY2025)
-$58.2M

VERI 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $92.2M -$111.7M -$1.76 -$58.2M -88.1% -203.1%
FY2024 $92.6M -$37.4M -$0.98 -$30.8M -95.2% -215.0%
FY2023 $127.6M -$58.6M -$1.59 -$81.5M -72.4% 263.8%
FY2022 $149.7M -$25.6M -$0.71 -$1.0M -25.4% 36.9%
FY2021 $115.3M -$70.6M -$1.94 $6.2M -58.3% -79.7%
FY2020 $57.7M -$47.9M — $1.3M -82.6% -70.3%
FY2019 $49.6M -$62.1M — -$30.4M -129.1% -116.3%
FY2018 $27.0M -$61.1M — -$45.9M -229.2% -102.0%
FY2017 $14.4M -$59.6M — -$32.6M -324.4% -592.8%
FY2016 $8.9M -$27.0M — -$26.8M -266.9% 52.2%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Veritone, Inc. is a consistent compounder, expanding top-line revenue at 29.6% annually over the past decade.

Veritone, Inc. has historically struggled to out-earn its cost of capital, averaging just -28.7% ROIC.

Veritone, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Veritone, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-58.46 per share.

VERI stock: frequently asked questions

What is the intrinsic value of Veritone, Inc. (VERI) stock?

Graham's formula only works with positive earnings. Veritone, Inc. reported diluted EPS of -$1.76 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Veritone, Inc. grown?

Revenue went from $8.9M in fiscal 2016 to $92.2M in fiscal 2025, a compound annual growth rate of 29.6%. Net income was -$111.7M in fiscal 2025.

Does Veritone, Inc. generate free cash flow?

Veritone, Inc. generated -$58.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 10 reported years.

What is VERI's return on invested capital?

Average ROIC over the last 10 fiscal years was -102.6%, and average return on equity was -161.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this VERI data come from?

From Veritone, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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