The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed on behalf of investors who acquired Veritone, Inc. (“Veritone” or the “Company”) (NASDAQ: VERI) securities during the period of October 14, 2025 through April 14, 2026, inclusive (“the Class Period”).

If you suffered a loss on your Veritone investments, you have until July 20, 2026 to request lead plaintiff appointment. Courts do not consider lead plaintiff applications submitted after this deadline. If you choose to take no action, you may remain an absent class member. For more information about the lawsuit:

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What Is This Lawsuit About? The lawsuit alleges that (1) the Company inaccurately recorded and/or misclassified certain revenue and costs; (2) that, as a result, the Company overstated its revenue, assets, accounts receivable, royalties and other comprehensive income; (3) that Veritone maintained deficient internal controls over accounting and financial reporting; and (4) that, as a result of the foregoing, the Company would be forced to restate certain of its financial statements,

On March 26, 2026, Veritone filed an 8-K with the U.S. Securities and Exchange Commission (“SEC”) announcing preliminary, unaudited financial results for the fourth quarter 2025 and revenue expectations 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 Veritone shares declined by $0.77 per share, or approximately 30%, from $2.61 per share on March 26, 2026 to close at $1.84 on March 27, 2026.

On April 1, 2026, the Company filed a Form NT 10-K with the SEC, disclosing the Company “was unable, without unreasonable effort or expense, to file its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 . . . within the prescribed time period primarily due to delays in finalizing the Company’s accounting determination of certain barter revenue transactions under ASC 606.” The filing further stated the “ongoing accounting analysis” may “result in out-of-period adjustments, the largest of which may result in a reduction in revenue for the quarter ended September 30, 2025 of $1.5 million to $2.5 million, or 5.2% to 8.6%, of the total $29.1 million of revenue previously reported for such quarter.” The Company disclosed it was evaluating “whether the previously issued financial statements for the quarters ended June 30, 2025 and September 30, 2025 may need to be revised or restated.” On this news, the price of Veritone shares declined by $0.18 per share, or approximately 9%, from $1.97 per share on March 31, 2026 to close at $1.79 on April 1, 2026.

On April 14, 2026, Veritone disclosed in a filing with the SEC “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”, citing five categories of errors with a “collective impact . . . of reducing the company’s quarterly revenue $2.48 million (8.53%) to $26.63 million.” On this news, the price of Veritone shares declined by $0.19 per share, or approximately 8.3%, from $2.28 per share on April 14, 2026 to close at $2.09 on April 15, 2026.

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The Lead Plaintiff Appointment Process. The federal securities laws permit any investor who acquired eligible securities during the class period to seek appointment as lead plaintiff in a class action lawsuit. Courts typically appoint the investor(s) with the largest financial loss in the case and the ability to represent the class rather than investors with simply the largest investment portfolio. Courts regularly appoint individual investors, whether acting alone or as a group, as lead plaintiffs. The rights of any investor who bought shares during the class period are generally already protected. However, lead plaintiffs have the power to influence case strategy and have a say in settlement decisions, as well as decisions concerning allocation of settlement funds among class members.

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What Should I Do? If you purchased or otherwise acquired Veritone securities, have information, or would like to learn more about this investigation, please contact Lauren Molinaro of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to these matters at no cost.

Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP’s website.

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