Moore Law PLLC is investigating potential claims against officers and directors of Veritone, Inc. The investigation concerns allegations that the company made false or misleading statements and failed to disclose that it inaccurately recorded or misclassified certain revenue and costs, overstated revenue, assets, accounts receivable, royalties and other comprehensive income, maintained deficient internal controls, and would be forced to restate financial statements. On March 26, 2026, Veritone released preliminary fourth quarter 2025 financial results expecting revenue between $18.1 and $30 million, citing ongoing accounting determinations, and its stock fell 29.5% to $1.84 per share the next day. On April 14, 2026, the company disclosed that its unaudited condensed consolidated financial statements for the three and nine months ended September 30, 2025 should no longer be relied upon due to errors that significantly overstated revenue and understated net loss. Shareholders may be able to seek monetary damages and other remedies on a contingency fee basis with no out-of-pocket costs.
Veritone IncVeritone disclosed accounting errors, overstated revenue, and will restate financials, causing a 29.5% stock drop.