Overview

A class action lawsuit has been filed against Veritone, Inc. (“Veritone” or the “Company”) (NASDAQ: VERI) and certain of the Company’s senior executive officers (collectively, “Defendants”) alleging violations of the federal securities laws. The Veritone lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Veritone securities between October 14, 2025, and April 14, 2026, inclusive (the “Class Period”). Investors have until July 20, 2026, to seek appointment as lead plaintiff of the Veritone class action lawsuit.

Veritone provides artificial intelligence computing solutions and services.

The complaint alleges that throughout the Class Period, Veritone and certain of its senior executives made materially false and misleading statements regarding the Company’s financial reporting, revenue recognition practices, and internal accounting controls. Specifically, Defendants failed to disclose to investors: (1) that 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; and (3) that Veritone maintained deficient internal controls over accounting and financial reporting.

The truth began to emerge on March 26, 2026, when Veritone announced that it was finalizing accounting determinations related to certain revenue transactions under ASC 606 and disclosed a broad range for expected fourth-quarter and full-year 2025 revenue. Following this announcement, Veritone’s stock price declined nearly 30%.

Then, on April 1, 2026, the Company disclosed that it could not timely file its Annual Report on Form 10-K due to delays in finalizing accounting determinations related to certain barter revenue transactions and warned that prior quarterly financial statements might need to be revised or restated. On this news, Veritone’s stock price fell by more than 9%.

Finally, on April 14, 2026, Veritone disclosed that previously issued financial statements for the three- and nine-month periods ended September 30, 2025, should no longer be relied upon because of accounting errors that overstated revenue and understated net loss. The Company also disclosed multiple accounting errors involving revenue recognition, asset valuation, and cost classifications under ASC 606. Furthermore, Veritone told investors that it intended to restate the relevant financial statements.  On this news, Veritone’s stock price declined more than 8%.

*          *          *

If you purchased or otherwise acquired Veritone securities between October 14, 2025, and April 14, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Veritone class action lawsuit is July 20, 2026.