The Portnoy Law Firm has announced a class action lawsuit on behalf of Veritone, Inc. investors who purchased securities between October 14, 2025 and April 14, 2026. The lawsuit follows a series of disclosures that caused Veritone's stock price to decline significantly. On March 26, 2026, the company announced preliminary fourth quarter 2025 revenue of $18.1 million to $30.0 million and stated it was finalizing accounting for certain revenue transactions, leading to a 29.5% drop in share price. On April 1, 2026, Veritone filed a Form NT 10-K disclosing delays due to accounting analysis of barter revenue transactions, which could result in a reduction of previously reported revenue for the quarter ended September 30, 2025 by $1.5 million to $2.5 million, causing a further 9.14% decline. On April 14, 2026, the company filed a Form 8-K stating that its previously issued unaudited financial statements for the three and nine months ended September 30, 2025 should no longer be relied upon due to errors including overstatement of revenue and understatement of net loss, resulting in an additional 8.3% drop. Investors have until July 20, 2026 to file a lead plaintiff motion.
Veritone IncClass action lawsuit and accounting errors causing stock price declines