Veritone, Inc. (NASDAQ:
VERI) is one of the
12 hot penny stocks to invest in right now.
On November 13, 2025, Veritone, Inc. (NASDAQ:VERI) announced a significant financial restructuring, successfully closing a transaction with its lenders to repay approximately $77.5 million in debt. This includes the full repayment of its $31.8 million senior secured credit facility and 50% of its $45.7 million convertible notes.
This move reduced the company’s annual debt costs by roughly $13 million and freed up $15 million in previously restricted cash. CEO Ryan Steelberg emphasized the cleaner capital structure, which will better position Veritone, Inc. (NASDAQ:VERI) to capitalize on growing demand for its AI-powered solutions.
Previously, on November 6, 2025, Veritone Inc. (NASDAQ:VERI) announced its results for the third quarter. The company’s revenue grew 32% to $29.1 million, thanks to robust growth in its Software Products & Services segment. Growth was particularly significant in its VDR solution, offsetting declines in its Managed Services segment.
The quarter also saw a stabilization of gross profit margins, improving the company’s financial health. Despite operating losses, the company’s strong revenue growth and strategic debt reduction are expected to improve its future profitability. Veritone, Inc. (NASDAQ:VERI) reported $5.8 million in non-GAAP net loss, an improvement over an $11.1 million loss in Q3 2024.
Veritone, Inc. (NASDAQ:VERI) focuses on building human-centered AI solutions, enhancing efficiency, profitability, and decision-making capabilities of customers in media, entertainment, public sector, and talent acquisition.
While we acknowledge the potential of VERI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the
best short-term AI stock.
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Disclosure: None.
