Veritone, Inc. (NASDAQ: VERI)

This lawsuit is for anyone who acquired securities in Veritone, Inc. (NASDAQ: VERI) from October 14, 2025 through April 14, 2026.

The lawsuit alleges that the Company and certain of its executives violated federal law. Specifically, the lawsuit alleges that, throughout the time period mentioned above, the Company misled investors regarding its financial condition. More specifically, the lawsuit alleges that the Company misled investors by telling investors that the Company had in place financial controls sufficient to prevent the Company from overstating revenue when the Company lacked such controls.

On March 26, 2026, after the market closed, Veritone released its preliminary fourth quarter 2025 financial results, expecting revenue between $18.1 and $30 million. The Company explained that the range in expected revenue was because it was “currently finalizing its accounting determination for certain revenue transactions under ASC 606.” On this news, the price of the Company’s stock dropped precipitously on unusually heavy trading volume. Then, on April 14, 2026, after the market closed, Veritone disclosed that it had “determined that the Company’s previously issued unaudited condensed consolidated financial statements as of and for the three and nine months ended September 30, 2025 should no longer be relied upon” due to errors resulting in significant overstatement of revenue and understatement of net loss. On this news, the price of the Company’s stock again dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Veritone, Inc. (NASDAQ: VERI) from October 14, 2025 through April 14, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.