Veritone (VERI) 10-Q 12 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 11, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Trading Symbol	VERI
Entity Registrant Name	Veritone, Inc.
Entity Central Index Key	0001615165
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	001-38093
Entity Tax Identification Number	47-1161641
Entity Address, Address Line One	1615 Platte Street
Entity Address, Address Line Two	2nd Floor
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80202
City Area Code	888
Local Phone Number	507-1737
Entity Common Stock, Shares Outstanding		38,241,762
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, par value $0.001 per share
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 11,422	$ 46,609
Accounts receivable, net	33,859	33,895
Prepaid expenses and other current assets	6,162	7,864
Current assets of discontinued operations	113,972	97,446
Total current assets	165,415	185,814
Property, equipment and improvements, net	9,864	8,079
Intangible assets, net	65,488	83,423
Goodwill	53,110	53,529
Long-term restricted cash	936	867
Other assets	7,022	9,164
Non-current assets of discontinued operations	34,590	37,982
Total assets	336,425	378,858
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Accounts payable	9,356	16,620
Deferred revenue	12,836	12,813
Term Loan, current portion (Note 4)	38,262	5,813
Accrued purchase consideration, current	983	1,000
Accrued media payments	2,906	2,220
Client advances	17	17
Other accrued liabilities	26,387	26,493
Current liabilities of discontinued operations	158,540	126,893
Total current liabilities	249,287	191,869
Convertible Notes, non-current	89,990	89,572
Term Loan, non-current (Note 4)	12,906	45,012
Accrued purchase consideration, non-current	750	633
Other non-current liabilities	8,653	13,625
Total liabilities	361,586	340,711
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)
Common stock, par value $0.001 per share; 75,000,000 shares authorized; 38,209,430 and 37,186,348 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	39	38
Additional paid-in capital	473,871	468,015
Accumulated deficit	(499,071)	(429,896)
Accumulated other comprehensive loss		(10)
Total stockholders' equity (deficit)	(25,161)	38,147
Total liabilities and stockholders' equity (deficit)	$ 336,425	$ 378,858

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	38,209,430	37,186,348
Common stock, shares outstanding	38,209,430	37,186,348

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Revenue	$ 21,993	$ 27,968	$ 70,204	$ 72,883
Operating expenses:
Cost of revenue	6,325	7,026	19,614	21,381
Sales and marketing	10,186	10,997	31,230	32,895
Research and development	7,528	10,410	23,388	32,456
General and administrative	14,421	18,264	45,133	48,837
Amortization	6,025	6,454	18,006	17,087
Total operating expenses	44,485	53,151	137,371	152,656
Loss from operations	(22,492)	(25,183)	(67,167)	(79,773)
Other income (expense), net	(2,594)	(2,552)	(8,618)	1,088
Loss from continuing operations before provision for income taxes	(25,086)	(27,735)	(75,785)	(78,685)
(Benefit from) provision for income taxes	(2,575)	(1,003)	(3,713)	(2,673)
Net loss from continuing operations	(22,511)	(26,732)	(72,072)	(76,012)
Net income from discontinued operations	765	2,191	2,897	5,212
Net loss	$ (21,746)	$ (24,541)	$ (69,175)	$ (70,800)
Net (loss) income per share:
Basic net loss from continuing operations	$ (0.59)	$ (0.72)	$ (1.91)	$ (2.06)
Diluted net loss from continuing operations	(0.59)	(0.72)	(1.91)	(2.06)
Basic net income from discontinued operations	0.02	0.06	0.08	0.14
Diluted net income from discontinued operations	0.02	0.06	0.08	0.14
Net loss per share, basic	(0.57)	(0.66)	(1.83)	(1.92)
Net loss per share, diluted	$ (0.57)	$ (0.66)	$ (1.83)	$ (1.92)
Weighted average shares outstanding:
Weighted average shares outstanding, basic	38,086,765	36,991,650	37,752,562	36,810,878
Weighted average shares outstanding, diluted	38,086,765	36,991,650	37,752,562	36,810,878
Comprehensive loss:
Net loss	$ (21,746)	$ (24,541)	$ (69,175)	$ (70,800)
Foreign currency translation gain (loss), net of income taxes	11	1,749	10	(14)
Total comprehensive loss	$ (21,735)	$ (22,792)	$ (69,165)	$ (70,814)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2022	$ 79,851	$ 36	$ 451,162	$ (371,271)	$ (76)
Beginning balance, shares at Dec. 31, 2022		36,321,222
Common stock issued under employee stock plans	1,063	$ 1	1,062
Common stock issued under employee stock plans, shares		816,690
Common stock withheld for employee taxes	(1,088)		(1,088)
Common stock withheld for employee taxes, shares		(191,568)
Common stock issued as part of contingent consideration	756		756
Common stock issued as part of contingent consideration, shares		135,800
Stock-based compensation expense	8,935		8,935
Net loss	(70,800)			(70,800)
Other comprehensive gain (loss)	(14)				(14)
Ending balance at Sep. 30, 2023	18,703	$ 37	460,827	(442,071)	(90)
Ending balance, shares at Sep. 30, 2023		37,082,144
Beginning balance at Dec. 31, 2022	79,851	$ 36	451,162	(371,271)	(76)
Beginning balance, shares at Dec. 31, 2022		36,321,222
Net loss	(58,625)
Ending balance at Dec. 31, 2023	38,147	$ 38	468,015	(429,896)	(10)
Ending balance, shares at Dec. 31, 2023		37,186,348
Beginning balance at Jun. 30, 2023	39,053	$ 37	458,385	(417,530)	(1,839)
Beginning balance, shares at Jun. 30, 2023		36,889,862
Common stock issued under employee stock plans	420		420
Common stock issued under employee stock plans, shares		222,927
Common stock withheld for employee taxes	(85)		(85)
Common stock withheld for employee taxes, shares		(30,645)
Stock-based compensation expense	2,107		2,107
Net loss	(24,541)			(24,541)
Other comprehensive gain (loss)	1,749				1,749
Ending balance at Sep. 30, 2023	18,703	$ 37	460,827	(442,071)	(90)
Ending balance, shares at Sep. 30, 2023		37,082,144
Beginning balance at Dec. 31, 2023	38,147	$ 38	468,015	(429,896)	(10)
Beginning balance, shares at Dec. 31, 2023		37,186,348
Common stock issued under employee stock plans	433	$ 1	432
Common stock issued under employee stock plans, shares		920,130
Common stock withheld for employee taxes and other	(803)		(803)
Common stock withheld for employee taxes and other, shares		(195,158)
Common stock issued in connection with warrant exercises, shares		298,110
Stock-based compensation expense	6,227		6,227
Net loss	(69,175)			(69,175)
Other comprehensive gain (loss)	10				10
Ending balance at Sep. 30, 2024	(25,161)	$ 39	473,871	(499,071)
Ending balance, shares at Sep. 30, 2024		38,209,430
Beginning balance at Jun. 30, 2024	(5,694)	$ 39	471,603	(477,325)	(11)
Beginning balance, shares at Jun. 30, 2024		37,964,361
Common stock issued under employee stock plans	198		198
Common stock issued under employee stock plans, shares		305,202
Common stock withheld for employee taxes and other	(198)		(198)
Common stock withheld for employee taxes and other, shares		(60,133)
Stock-based compensation expense	2,268		2,268
Net loss	(21,746)			(21,746)
Other comprehensive gain (loss)	11				$ 11
Ending balance at Sep. 30, 2024	$ (25,161)	$ 39	$ 473,871	$ (499,071)
Ending balance, shares at Sep. 30, 2024		38,209,430

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Cash flows from operating activities:
Net loss	$ (69,175)	$ (70,800)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	21,699	20,154
Provision for credit losses	673	168
Less stock-based compensation expense from discontinued operations	5,928	8,646
Gain on sale of energy group		(2,572)
Change in fair value of contingent consideration		1,468
Change in deferred taxes	(4,968)	(2,858)
Amortization of debt issuance costs and debt discounts	4,636	649
Amortization of right-of-use assets	399	1,127
Imputed non-cash interest income	(263)	(108)
Changes in assets and liabilities:
Accounts receivable	2,959	14,052
Expenditures billable to clients	(17,550)	(2,108)
Prepaid expenses and other assets	407	1,224
Other assets	3,425	(1,300)
Accounts payable	(8,346)	2,405
Deferred revenue	23	(913)
Accrued media payments	14,033	(17,718)
Client advances	19,697	(1,567)
Other accrued liabilities	2,130	4,714
Other liabilities	70	(2,774)
Net cash used in operating activities	(24,223)	(48,111)	$ (76,421)
Cash flows from investing activities:
Proceeds from sale of energy group	1,800	504
Capital expenditures	(5,134)	(4,054)
Acquisitions, net of cash acquired		(50,195)
Net cash used in investing activities	(3,334)	(53,745)
Cash flows from financing activities:
Payment of debt principal	(3,875)
Payment of purchase consideration		(7,772)
Taxes paid related to net share settlement of equity awards	(653)	(1,088)
Proceeds from issuances of stock under employee stock plans, net	433	1,063
Settlement of deferred consideration for acquisitions	(1,800)	(2,690)
Net cash used in financing activities	(5,895)	(10,487)
Net decrease in cash and cash equivalents and restricted cash	(33,452)	(112,343)
Cash and cash equivalents and restricted cash, beginning of period	80,306	185,282	185,282
Cash and cash equivalents and restricted cash, end of period	46,854	72,939	$ 80,306
Less: Cash and cash equivalents and restricted cash included in discontinued operations	34,496	63,964
Cash and cash equivalents and restricted cash included in continuing operations	12,358	8,975
Non-cash investing and financing activities:
Fair value of shares issued for acquisition of businesses and earn-out consideration		756
Stock-based compensation capitalized for software development	$ 299	289
Lease liabilities arising from right-of-use assets		1,436
Shares received for sale of energy group		$ 2,021

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (21,746)	$ (24,541)	$ (69,175)	$ (70,800)	$ (58,625)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of Business

Description of Business	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Description of Business	NOTE 1. DESCRIPTION OF BUSINESS Veritone, Inc., a Delaware corporation (“Veritone,” and together with its subsidiaries, collectively, the “Company”), is a provider of artificial intelligence (“AI”) computing solutions. The Company’s proprietary AI operating system, aiWARE TM , uses machine learning algorithms, or AI models, together with a suite of powerful applications, to reveal valuable insights from vast amounts of structured and unstructured data. The aiWARE platform offers capabilities that mimic human cognitive functions such as perception, prediction and problem solving, enabling users to quickly, efficiently and cost effectively transform unstructured data into structured data, and analyze and optimize data to drive business processes and insights. aiWARE is based on an open architecture that enables new AI models, applications and workflows to be added quickly and efficiently, resulting in a scalable and evolving solution that can be leveraged by organizations across a broad range of business sectors, serving commercial enterprises as well as public sector industries. The Company offers Software Products & Services to Commercial Enterprise and Public Sector customers using the Company’s aiWARE platform and Veritone Hire solutions, any related support and maintenance services, and any related professional services associated with the deployment and/or implementation of such solutions. The Company also offers Managed Services, which include cloud-native digital content management solutions and content licensing services and representation services, through amongst other things, its VeriAds Network, which is comprised of programs that enable broadcasters, podcasters and social media influencers to generate incremental revenue. These offerings leverage the Company’s aiWARE technologies, providing customers with unique capabilities to enrich and drive expanded revenue opportunities from their content. Through October 17, 2024 (the “Divestiture Closing Date”), the Company operated a full-service advertising agency to provide differentiated Managed Services to its customers. On October 17, 2024, the Company entered into an Equity Purchase Agreement (the “Purchase Agreement”), by and among the Company, Veritone One, LLC, a wholly-owned subsidiary of the Company (“Veritone One”), and Oxford Buyer, LLC (“Purchaser”), an affiliate of Insignia Capital Group L.P., pursuant to which, among other things, Purchaser acquired from the Company all of the issued and outstanding equity of Veritone One (such transaction, the “Divestiture”). Veritone One’s services included media planning and strategy, advertisement buying and placement, campaign messaging, clearance verification and attribution, and custom analytics, specializing in host-endorsed and influencer advertising across primarily radio, podcasting, streaming audio, social media and other digital media channels. The Company determined that the Divestiture represents a strategic shift that will have a material effect on the Company’s operations and financial results. Therefore, the historical financial results of Veritone One are reflected in these condensed consolidated financial statements as discontinued operations and, as such, have been excluded from continuing operations for all periods presented on a retrospective basis, unless otherwise stated. Refer to Note 3 on Discontinued Operations for further details. On June 13, 2023, the Company acquired Broadbean (as defined in Note 3), a global leader of talent acquisition software-as-a-service technology. For further details on this acquisition, refer to Note 3.

Presentation and Summary of Sig

Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Presentation and Summary of Significant Accounting Policies	NOTE 2. PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial statements and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not contain all information and footnotes required by GAAP for annual financial statements. Such unaudited condensed consolidated financial statements and accompanying notes are based on the representations of the Company’s management, who is responsible for their integrity and objectivity. The information included in this Form 10-Q should be read in conjunction with the information included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on April 1, 2024. Interim results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results the Company will have for the full year ending December 31, 2024. The accompanying condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and, in the opinion of management, reflect all adjustments that are normal, recurring and necessary to fairly state the Company’s financial position, results of operations and cash flows. All significant intercompany transactions have been eliminated in consolidation. The financial data and the other information disclosed in these notes to the condensed consolidated financial statements reflected in the three and nine month periods presented are unaudited. The December 31, 2023 balance sheet included herein was derived from the audited financial statements but does not include all disclosures or notes required by GAAP for complete financial statements. The Company determined that Veritone One met the criteria to be classified as discontinued operations. As a result, the historical financial results of Veritone One are reflected in these condensed consolidated financial statements as discontinued operations and, as such, have been excluded from continuing operations for all periods presented on a retrospective basis, unless otherwise stated. Refer to Note 3 on Discontinued Operations for further details. Liquidity, Capital Resources and Going Concern These consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles assuming the Company will continue as a going concern over the next twelve months through November 2025. During the year ended December 31, 2023 and nine months ended September 30, 2024, the Company used cash in operations of $ 76,421 and $ 24,223 , respectively, and incurred net losses of $ 58,625 and $ 69,175 , respectively. As of September 30, 2024, the Company had an accumulated deficit of $ 499,071 and negative working capital of $ 83,872 . Based on the Company’s liquidity position at September 30, 2024 after giving effect to the impact of the Divestiture and the repayment of a portion of our term loan, and the Company’s current forecast of operating results and cash flows, absent any other action, management determined that there is substantial doubt about the Company’s ability to continue as a going concern over the twelve months following the filing of this Quarterly Report on Form 10-Q, principally driven by the Company’s current debt service obligations, historical negative cash flows and recurring losses. The Company will require additional liquidity to continue its operations over the next twelve months. On the Divestiture Closing Date, the Company completed the sale of Veritone One for total consideration up to $ 104,000 , subject to purchase price adjustments and the achievement of certain earnout targets as described below. Net proceeds from the transaction were $ 59,053 in cash, which reflected the aggregate purchase price of $ 104,000 , less $ 18,000 subject to an earnout described below, $ 20,297 of purchase price adjustments, and $ 6,650 placed in escrow accounts described below. The Company may receive the earnout of up to $ 18,000 in cash proceeds based on the achievement of certain net revenue targets by Veritone One between January 1, 2025 and December 31, 2025 (the “Earnout”). Of the amounts placed in escrow, $ 1,500 was placed in an escrow account for potential purchase price adjustments and an aggregate of $ 5,150 was placed in escrow accounts for the potential satisfaction of post-closing indemnification claims, in each case subject to the terms and limitations set forth in the Purchase Agreement. Net cash proceeds from the Divestiture were used to repay $ 30,512 principal amount of the Company’s outstanding Term Loan (defined in Note 4), plus accrued interest and a prepayment premium in an aggregate amount of $ 3,303 , and to pay $ 3,875 in deal-related expenses. Immediately following the Divestiture and the repayment of a portion of its Term Loan, the Company reported cash on hand of $ 27,289 , and the Company improved its negative working capital as compared to September 30, 2024. Potential future consideration from the Divestiture in the form of cash held in escrow and the Earnout is up to $ 24,650 . With respect to the escrowed amounts, $ 1,500 is expected to be settled and may be released within 90 to 120 days after the Divestiture Closing Date, $ 3,650 is expected to settle and may be released 12 months after the Divestiture Closing Date, and $ 1,500 is expected to settle and may be released 24 months after the Divestiture Closing Date. The Earnout, if applicable, is anticipated to be payable in part no later than March 2, 2026, with the remainder, if applicable, payable in the second quarter of 2026. While management believes a large portion of this potential future consideration will be earned and paid back to the Company over the next two years , both the escrowed amounts and Earnout are subject to future negotiation and financial performance of Veritone One, a portion of which the Company will have no direct control over. As a result, there is no guarantee that any of the deferred consideration will be earned and or paid back to the Company. Given the Company’s forecast over the next twelve months, the Company will require additional liquidity to continue its operations over the next twelve months. In the near term, and to meet its obligations as they come due, the Company is evaluating additional strategies to obtain funding for future operations. These strategies may include, but are not limited to, obtaining equity financing, debt and/or further restructuring of operations to grow revenues and decrease operating expenses, which include capturing past cost reductions and potential future cost synergies from the Company’s past acquisitions. The going concern assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business, including having sufficient liquidity in the future to meet, amongst other things, its covenants under the Term Loan Credit Agreement (as defined in Note 4). The Company may not be able to access additional equity under acceptable terms, and may not be successful in future operational restructurings, earning any of its deferred purchase consideration, meeting its minimum liquidity threshold under its Credit Agreement or growing its revenue base. If the Company becomes unable to continue as a going concern, it may have to dispose of other or additional assets and might realize significantly less value than the values at which they are carried on its condensed consolidated financial statements. These actions may cause the Company’s stockholders to lose all or part of their investment in the Company’s common stock. The condensed consolidated financial statements do not include any adjustments that might result from the Company being unable to continue as a going concern. If the Company cannot continue as a going concern, adjustments to the carrying values and classification of its assets and liabilities and the reported amounts of income and expenses could be required and could be material. Use of Accounting Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the accompanying condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. The principal estimates relate to the accounting recognition and presentation of revenue, allowance for credit losses, purchase accounting, impairment of goodwill and long-lived assets, the valuation of senior secured debt, the valuation of non-cash consideration received in barter transactions and the evaluation of its realizability, the valuation of certain assets, liabilities and costs allocated to discontinued operations, the valuation of stock awards and stock warrants and income taxes, where applicable. There has been uncertainty and disruption in the global economy and financial markets due to a number of factors including the wars in Ukraine and Israel, the global inflationary environment and high interest rates. The war in Israel has also adversely impacted the Company’s business operations because the Company has an office and personnel based in Herzliya, Israel. The Company is not aware of any specific event or circumstance that would require an update to its estimates or assumptions or a revision of the carrying value of its assets or liabilities as of the date of filing of this Quarterly Report on Form 10-Q. These estimates and assumptions may change as new events occur and additional information is obtained. As a result, actual results could differ materially from these estimates and assumptions. Significant Customers During the three and nine months ended September 30, 2024, in each case, no individual customer accounted for more than 10 % of the Company’s revenue. No individual customer accounted for 10 % or more of the Company’s revenue during the three months ended September 30, 2023 and one individual customer accounted for 10 % or more of the Company’s revenue for the nine months ended September 30, 2023. As of September 30, 2024 and December 31, 2023 , in each case, no individual customer accounted for 10 % or more of the Company’s accounts receivable. Contract Balances Contract liabilities are recorded as deferred revenue when customer payments are received in advance of the Company meeting all the revenue recognition criteria. The Compan y recognized $ 10,780 of reve nue during the nine months ended September 30, 2024 that was included in the deferred revenue balance as of December 31, 2023. Remaining Performance Obligations As of September 30, 2024 , the aggregate amount of the transaction prices under the Company’s contracts allocated to the Company’s remaining performance obligations was $ 36,488 , approximately 55 % of which the Company expects to recognize as revenue over the next twelve months , and the remainder thereafter to be recognized over the next five years . This aggregate amount excludes amounts allocated to remaining performance obligations under contracts that have an original duration of one year or less and variable consideration that is allocated to remaining performance obligations. Excluded based on this policy are balances related to Veritone Hire solutions representing gross purchase orders to be satisfied in less than one year. Revenues will be recognized net of costs to fulfill these orders. Segment Information The Company operates as one reportable segment. The Company reports segment information based on the internal reporting used by the chief operating decision maker for making decisions and assessing performance as the source of the Company’s reportable segment. Seasonality The Company experiences seasonal fluctuations in its revenue and operating performance as a result of the utilization of its platform and associated revenues from its Software Products & Services. In particular, certain Commercial Enterprise solutions, including Veritone Hire revenues, have historically been higher in the second half of each fiscal year, consistent with the hiring and spending cycles of the Company’s larger customers. The Company also experiences seasonality as a result of factors such as the timing of large projects, the length and complexity of sales cycles, trends impacting the Company’s target vertical markets and the Company’s revenue recognition policies and any changes to those policies. Within a given quarter, a higher proportion of the Company’s agreements are signed toward the end of such quarter. Although these seasonal factors are common in the technology industry, historical patterns should not be considered a reliable indicator of our future sales activity or performance. Discontinued Operations During the third quarter of 2024, the Company determined that Veritone One (as defined above in Note 1) met the criteria to be classified as held for sale and discontinued operations. As a result, the historical financial results of Veritone One are reflected in these condensed consolidated financial statements as discontinued operations and, as such, have been excluded from continuing operations for all periods presented on a retrospective basis, unless otherwise stated. Refer to Note 3 on Discontinued Operations for further details. Significant Accounting Policies There have been no material changes in the Company’s significant accounting policies from those disclosed in its Annual Report on Form 10-K for the year ended December 31, 2023. Recently Adopted Accounting Pronouncements In September 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) which requires measurement and recognition of expected credit losses for financial assets held. This standard was effective for the Company beginning in the first quarter of fiscal year 2023. The Company adopted this guidance on January 1, 2023 and the impact of the adoption was not material to our condensed consolidated financial statements as credit losses are not expected to be significant based on historical collection trends, the financial condition of payment partners, and external market factors. In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires entities to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC Topic 606, Revenue from Contracts with Customers , in order to align the recognition of a contract liability with the definition of a performance obligation. The Company adopted this guidance on January 1, 2023. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements.

Discontinued Operations, Busine

Discontinued Operations, Business Combinations and Divestiture	9 Months Ended
	Sep. 30, 2024
Business Combinations [Abstract]
Discontinued Operations, Business Combinations and Divestiture	NOTE 3. DISCONTINUED OPERATIONS, BUSINESS COMBINATIONS AND DIVESTITURE Discontinued Operations On August 8, 2024, the Company announced it was undertaking a formal process and had committed to a plan to sell Veritone One (defined in Note 1), which was signed and closed on the Divestiture Closing Date. Veritone One operated the Company’s full-service advertising agency business and its disposal represents a strategic shift that would have a major impact on the Company’s operations and financial results, as it enables the Company to focus on its core software and applications and reduce its dependency on advertising related services. As a result, Veritone One met both the held for sale and discontinued operations presentation criteria and comprised operations and cash flows that could be distinguished, operationally and for financial reporting purposes, from the rest of the Company. See Note 13 on Subsequent Events for further details on the Divestiture and certain related transactions. In connection with the Divestiture, the Company and the Purchaser entered into a transition services agreement. The transition services agreement outlines the information technology, people, and facility support the Company expects to provide to the Purchaser for a period of six months after the Divestiture Closing Date with options to be extended. The total service fee amount for each service will not exceed the actual costs to provide such service. Veritone One’s results of operations for the three and nine months ended September 30, 2024, and 2023 and its balances as of September 30, 2024 and December 31, 2023, are disclosed as discontinued operations and excluded from continuing operations within the Company’s condensed consolidated financial statements and notes thereto, with the resulting gain or loss from the sale to be accounted for during the reporting period in which the Divestiture was closed (see Note 13). Since the Company operates as one reporting unit, the Company allocated goodwill to discontinued operations on a relative fair value basis in comparison to the value of the overall company (see Note 7). The carrying amounts of the major classes of assets and liabilities of the Company's discontinued operations as of September 30, 2024 and December 31, 2023 were as follows (unaudited): As of September 30, December 31, Assets of discontinued operations Cash and cash equivalents $ 34,496 $ 32,830 Accounts receivable, net 34,167 38,415 Expenditures billable to clients 37,158 19,608 Prepaid expenses and other current assets 8,151 6,593 Total current assets 113,972 97,446 Property, equipment and improvements, net 533 577 Goodwill 26,718 26,718 Other assets 7,339 10,687 Total assets $ 148,562 $ 135,428 Liabilities of discontinued operations Accounts payable $ 15,321 $ 16,272 Accrued media payments 107,149 94,584 Client advances 34,937 15,240 Other accrued liabilities 1,133 797 Total current liabilities 158,540 126,893 Total liabilities 158,540 126,893 Net assets (liabilities) ( 9,978 ) 8,535 Intercompany Balances As of September 30, 2024, the Company had an intercompany balance due to the Divesture of $ 29,105 , which was eliminated in consolidation as the amount was settled and disposed of in full at the closing of the Divestiture. At the closing, the total amount of intercompany settlement was $ 20,297 , which was netted against the purchase consideration received. Due to the nature of transactions between Veritone One and our representation services, certain intercompany transactions that are planned to continue and were not settled at the closing date were reinstated in the corresponding financial periods, including certain accounts receivable from continuing operations and accrued media from discontinued operations, which were collectively $ 2,588 at September 30, 2024 and $ 3,239 at December 31, 2023. The operating results of the Company's discontinued operations for the three and nine months ended September 30, 2024 and 2023 are as follows (unaudited): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Revenue $ 8,615 $ 7,165 $ 23,032 $ 20,480 Operating expenses: Cost of revenue 342 161 679 380 Sales and marketing 1,744 1,895 5,178 5,811 Research and development 32 — 32 — General and administrative 4,008 2,818 9,481 8,667 Amortization — 170 — 680 Total operating expenses 6,126 5,044 15,370 15,538 Income from operations 2,489 2,121 7,662 4,942 Other (expense) income, net ( 1,698 ) 96 ( 4,689 ) 321 Income from discontinued operations before provision for income taxes 791 2,217 2,973 5,263 Provision for income taxes 26 26 76 51 Net income from discontinued operations $ 765 $ 2,191 $ 2,897 $ 5,212 The significant operating and investing cash and noncash items of the discontinued operations included in the condensed consolidated statements of cash flows for the nine months ended September 30, 2024 and 2023 were as follows (unaudited): Nine Months Ended 2024 2023 Net cash flows provided by (used in) operating activities 1,868 ( 28,614 ) Net cash flows used in investing activities ( 202 ) ( 330 ) Net cash flows used in financing activities — — Depreciation and amortization allocated to discontinued operations during the nine months ended September 30, 2024 and 2023 was $ 245 and $ 837 , respectively. Interest expense (income), net allocated to discontinued operations during the nine months ended September 30, 2024 and 2023 was $ 4,689 and ($ 321 ), respectively. Stock based compensation expense from discontinued operations was $ 237 and $ 443 for the nine months ended September 30, 2024 and 2023, respectively. Broadbean Acquisition On June 13, 2023 , the Company acquired Broadbean (as defined below), a global leader of talent acquisition software-as-a-service technology, pursuant to a securities and asset purchase agreement whereby the Company acquired (i) 100 % of the issued and outstanding share capital of (a) Broadbean Technology Pty Ltd , (b) Broadbean Technology Limited, (c) Broadbean, Inc., and (d) CareerBuilder France S.A.R.L., and (ii) certain assets and liabilities related thereto (the foregoing clauses (i) and (ii) together, “Broadbean”). The acquisition is intended to strengthen Veritone’s AI-driven human resources product suite, building on the Company’s previous acquisition of PandoLogic. The total purchase consideration was $ 53,301 (the “Broadbean Acquisition Consideration”), which consisted of cash payments of $ 53,301 at closing. During the year ended December 31, 2023, the Company incurred $ 4,214 in acquisition-related expenses. The following table summarizes the fair value of the Broadbean Acquisition Consideration: Broadbean Acquisition Consideration Amount Cash consideration at closing $ 53,301 The allocation of the Broadbean Acquisition Consideration to tangible and intangible assets acquired and liabilities assumed is based on estimated fair values and is as follows: Allocation of Broadbean Acquisition Consideration** Amount Cash and cash equivalents $ 3,033 Accounts receivable, net 7,817 Prepaid expenses and other current assets 1,007 Property, equipment and improvements, net 343 Intangible assets 27,500 Other assets 3,486 Total assets acquired 43,186 Accounts payable 1,107 Deferred revenue 10,029 Other accrued liabilities 5,054 Other non-current liabilities 6,618 Total liabilities assumed 22,808 Identifiable net assets acquired 20,378 Goodwill 32,923 Total purchase consideration $ 53,301 **The excess of the total consideration over the tangible assets, identifiable intangible assets, and assumed liabilities is recorded as goodwill. Goodwill is primarily attributable to opportunities to cross-sell into our Commercial Enterprise customer base and to the assembled workforce. Tax deductible goodwill generated from the acquisition is $ 3,728 . Identifiable Intangible Assets The identifiable intangible assets acquired consisted of the customer relationships and developed technology with estimated useful lives of four to five years . The Company amortizes the fair value of these intangible assets on a straight-line basis over their respective useful lives. Developed technology relates to Broadbean’s internally developed software. The Company valued the developed technology using the relief- from- royalty method under the income approach. This method is based on the application of a royalty rate to forecasted revenue that is expected to be generated by the existing developed technology. The economic useful life was determined based on the technology cycle related to the developed technology, as well as the timing of cash flows over the forecast period. Customer relationships relate to the sales of products and services to Broadbean’s existing customer base. The Company valued the customer relationships using the multi-period excess earnings method under the income approach. This method reflects the present value of the projected cash flows that are expected to be generated by the existing customer relationships less charges representing the contribution of other assets to those cash flows. The economic useful life was determined based on historical customer turnover rates, as well as the timing of cash flows over the forecast period. The valuation of the intangible assets acquired, along with their estimated useful lives, is as follows: Estimated Estimated Useful Lives (in years) Customer relationships $ 17,200 5 Developed technology 10,300 4 Total intangible assets $ 27,500 Taxes In connection with the acquisition of Broadbean, a net deferred tax liability of $ 3,741 was established primarily relating to non-goodwill intangible assets and recorded within other non-current liabilities on the Company’s condensed consolidated balance sheets. The amount of tax-deductible goodwill as of the purchase date is $ 3,728 . Unaudited Pro Forma Results The unaudited pro forma financial information in the table below summarizes the combined results of operations for the Company and Broadbean as if the companies were combined for the three and nine months ended September 30, 2024 and 2023. The unaudited pro forma financial information for all periods presented included the business combination accounting effects resulting from this acquisition, including adjustments to reflect recognition of intangible asset amortization. The unaudited pro forma financial information as presented below is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the acquisition had taken place at the beginning of January 1, 2023 or the results that may occur in the future. The unaudited pro forma financial information is as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net revenue $ 21,993 $ 27,968 $ 70,204 $ 87,946 Loss from continuing operations before provision for income taxes ( 25,086 ) ( 27,735 ) ( 75,785 ) ( 77,149 ) Net loss ( 22,511 ) ( 26,732 ) ( 72,072 ) ( 73,855 ) Energy Group Sale On June 30, 2023, the Company completed the sale of its energy group (the “Energy Sale”) to GridBeyond Limited, an Ireland-based privately held company (“GridBeyond”) that delivers AI-powered energy solutions, pursuant to an asset purchase agreement. The Company received 4,160,644 shares of Series B Preference Shares in GridBeyond valued at approximately $ 2,021 as of June 30, 2023, as well as $ 549 to be paid in cash. The Energy Sale resulted in a pre-tax gain of $ 2,572 in the second quarter of 2023. The energy group did not meet the criteria of discontinued operations because the disposal does not have a major effect on the Company’s operations and financial results. In April 2024, the Company sold its interest in GridBeyond for $ 1,800 in cash, resulting in a loss on sale of $ 172 and a foreign exchange loss of $ 49 , recorded in other income (expense), net.

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	NOTE 4. DEBT Senior Secured Term Loan On December 13, 2023 (the “Term Loan Closing Date”), the Company and certain of its subsidiaries, as guarantors, entered into a Credit and Guaranty Agreement (the “Credit Agreement”) with certain funds managed by Highbridge Capital Management, LLC and with certain other lenders (collectively, the “Lenders”) and Wilmington Savings Fund Society, FSB, as administrative agent and collateral agent. The Credit Agreement provides for a $ 77,500 senior secured term loan (the “Term Loan”), which was fully drawn by the Company on the Term Loan Closing Date. On the Term Loan Closing Date, the Company used $ 37,500 of the Term Loan proceeds to repurchase $ 50,000 principal amount of its Convertible Notes (as defined below). As a result of the collective transactions at the Term Loan Closing Date, the Company recorded the Term Loan at fair value and recognized a one-time gain of $ 30,000 on the extinguishment of convertible debt. The initial discount on the Term Loan of $ 23,807 along with the capitalized issuance costs of $ 3,120 each will be amortized to interest expense over the term of the loan using the effective interest method. During the three and nine months ended September 30, 2024, $ 1,465 and $ 4,217 , respectively, was recognized as the amortization of initial discounts and issuance costs. The Company is the borrower under the Credit Agreement and all indebtedness outstanding under the Credit Agreement is guaranteed by each of the Company’s direct and indirect material subsidiaries (the Company and the guarantors, collectively, the “Credit Parties”). Pursuant to a Pledge and Security Agreement, dated December 13, 2023 (the “Pledge and Security Agreement”), the Term Loan is secured by a first-priority security interest in and lien on substantially all tangible and intangible property of the Credit Parties and a pledge of equity interests held by the Credit Parties. The Credit Agreement has certain customary default provisions, representations and warranties and affirmative and negative covenants, including a covenant to maintain unrestricted cash and cash equivalents of at least $ 15,000 at all times. The Company was in compliance with the financial covenants at September 30, 2024. The Term Loan accrues interest at a rate of Term SOFR plus 8.50 % per annum, with a 3.00 % floor for Term SOFR, payable quarterly. A default interest rate of an additional 3.00 % per annum applies on all outstanding obligations after the occurrence and during the continuance of an event of default. The Credit Agreement has a term of four years from the Term Loan Closing Date, with a scheduled maturity date of December 13, 2027, and requires quarterly amortization payments of 2.50 % of the principal amount, commencing in June 2024 , with the outstanding balance of the Term Loan payable on the scheduled maturity date. The Credit Agreement requires mandatory prepayments from the net cash proceeds received by the Credit Parties for among other things (i) certain asset sales, but only to the extent net cash proceeds therefrom exceed $ 10,000 in the aggregate, and (ii) insurance recoveries on loss of property that are not otherwise reinvested in other assets of the Credit Parties at a 10 % prepayment premium. The Credit Agreement also requires prepayment of the Term Loan in f ull if $ 30,000 or more of aggregate principal amount of the Convertible Notes are outstanding on August 14, 2026. The Co mpany may elect to prepay the Term Loan, in whole or in part, in cash, subject to a make-whole premium during the first year of the Term Loan, a 14.0 % prepayment premium during the second year of the Term Loan, and a 7.0 % premium during the third year of the Term Loan. The Term Loan is not repayable with the Company’s common stock, $ 0.001 per share (the “Common Stock”) as was initially set forth in the Commitment Letter dated November 7, 2023, by and among the Company, certain funds managed by Highbridge Capital Management, LLC and certain other lenders.. On the Term Loan Closing Date, the Company issued warrants (the “Warrants”) to the Lenders (in such capacity, the “Warrant Holders”) to purchase up to 3,008,540 shares of the Company’s Common Stock at an exercise price of $ 2.576 per share with a termination date of December 12, 2028 . Refer to Note 6 for further details about the Warrants. For the three and nine months ended September 30, 2024, interest expense related to the Term Loan, including amortization of initial discounts and issuance costs, was $ 2,443 and $ 7,402 , respectively. The effective annual interest rate was approximately 31.3 % . Interest expense was allocated to discontinued operations based on certain key elements of the underlying debt arrangement and transaction structure. Interest on debt that is required to be repaid as a result of a disposal is allocated to discontinued operations, as is the case under the Credit Agreement. As a result, the Company allocated interest expense and amortization of discounts and issuance costs relating to repayment of the Term Loan, as required by the Divestiture, to discontinued operations. For the three and nine months ended September 30, 2024, the Company allocated $ 1,698 and $ 4,931 , respectively, of interest expense, including amortization of initial discounts and issuance costs, to discontinued operations as a result of the Divestiture. The scheduled principal payments on the Term Loan as of September 30, 2024 are as follows: Remainder of 2024 $ 1,938 2025 7,750 2026 7,750 2027 56,188 Total 73,626 In October 2024, and in conjunction with the Divestiture, the Company used net proceeds from the sale to pay down $ 30,512 in principal and $ 3,303 in prepayment premiums and accrued interest on the Term Loan. Due to the classification of held-for-sale at September 30, 2024, and the proximity of the October 17, 2024 Divestiture to the September 30, 2024 balance sheet, the Company classified the $ 30,512 million of debt paid down through the Divestiture as Term Loan, current portion on the September 30, 2024 balance sheet. As of the Repayment Date, after giving effect to the Term Loan Repayment, $ 43,114 aggregate principal amount remained outstanding under the Term Loan and the Company had approximately $ 27,289 of cash and cash equivalents (see Note 13). Convertible Notes In November 2021, the Company issued, at par value, $ 201,250 aggregate principal amount of 1.75 % convertible senior notes due 2026 (the “Convertible Notes”). The issuance included the full exercise of an option granted by the Company to the initial purchasers of the Convertible Notes to purchase an additional $ 26,250 aggregate principal amount of Convertible Notes. The Convertible Notes were issued pursuant to and are subject to the terms and conditions of an indenture, which is referred to as the Indenture, between the Company and U.S. Bank National Association, as trustee. The Convertible Notes were offered and sold in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. In December 2022, the Company repurchased $ 60,000 aggregate principal amount of the Convertible Notes at approximately 65 % of par (the “2022 Repurchase Transaction”). In December 2023, the Company repurchased $ 50,000 aggregate principal amount of the Convertible Notes at approximately 75 % of par (the “2023 Repurchase Transaction”). The Company has $ 91,250 in aggregate principal amount of the Convertible Notes outstanding as of September 30, 2024. The Convertible Notes are senior, unsecured obligations of the Company and bear interest at a rate of 1.75 % per year. Interest accrues from November 19, 2021 and is payable semi-annually in arrears on May 15 and November 15 of each year, beginning on May 15, 2022 . The Convertible Notes will mature on November 15, 2026 , unless earlier converted, redeemed, or repurchased in accordance with the terms of the Convertible Notes. Holders of the Convertible Notes may convert all or any portion of their Convertible Notes at their option at any time prior to the close of business on the business day immediately preceding May 15, 2026, only under the following conditions: (1) during any calendar quarter commencing after the calendar quarter ending on March 31, 2022 (and only during such calendar quarter), if the last reported sale price of the Company’s common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price per $ 1,000 principal amount of Convertible Notes for each trading day of the measurement period was less than 98 % of the product of the last reported sale price of the Company’s common stock and the conversion rate for the Convertible Notes on each such trading day; (3) if the Company calls such Convertible Notes for redemption, at any time prior to the close of business on the second scheduled trading day immediately preceding the applicable redemption date; or (4) upon the occurrence of specified corporate events. On or after May 15, 2026 , holders may convert all or any portion of their Convertible Notes at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date regardless of the foregoing conditions. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of its common stock or a combination of cash and shares of its common stock, at the Company’s election. The conversion rate for the Convertible Notes initially is 27.2068 shares of the Company’s common stock per $1,000 principal amount of Convertible Notes (equivalent to an initial conversion price of approximately $ 36.76 per share of common stock). The conversion rate is subject to adjustment in some events but will not be adjusted for any accrued and unpaid interest. In addition, following certain corporate events that occur prior to the maturity date or following the Company’s issuance of a notice of redemption, the Company will, in certain circumstances, increase the conversion rate for a holder who elects to convert its Convertible Notes in connection with such a corporate event or who elects to convert its Convertible Notes called (or deemed called) for redemption during the related redemption period, as the case may be. The Company may not redeem the Convertible Notes prior to November 20, 2024 . The Company may redeem for cash all or any portion of the Convertible Notes (subject to certain limitations), at its option, on or after November 20, 2024 if the last reported sale price of the Company’s common stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100 % of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the Convertible Notes. If the Company undergoes a fundamental change prior to the maturity date, subject to certain conditions, holders may require the Company to repurchase for cash all or any portion of their Convertible Notes. The fundamental change repurchase price will be equal to 100 % of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. The Convertible Notes are the Company’s senior unsecured obligations and rank senior in right of payment to all of the Company’s indebtedness that is expressly subordinated in right of payment to the Convertible Notes; equal in right of payment with all existing and future liabilities of the Company that are not so subordinated; effectively junior to any of secured indebtedness of the Company to the extent of the value of the assets securing such indebtedness; and structurally junior to all indebtedness and other liabilities (including trade payables) and any preferred equity of the Company’s current or future subsidiaries. The net proceeds from the issuance of the Convertible Notes were approximately $ 194,945 , after deducting debt issuance costs. The total debt issuance costs incurred and recorded by the Company amounted to $ 6,304 , which were recorded as a reduction to the face amount of the Convertible Notes and are being amortized to interest expense using the effective interest method over the contractual term of the Convertible Notes. The Convertible Notes are recorded as a liability within convertible senior notes, non-current. For the three and nine months ended September 30, 2024 , interest expense related to the Convertible Notes, including amortization of issuance costs, was $ 543 and $ 1,627 , respectively. For the three and nine months ended September 30, 2023, interest expense related to the Convertible Notes, including amortization of issuance costs, was $ 836 and $ 2,503 , respectively. The effective annual interest rate for the three and nine months ended September 30, 2024 and 2023 was approximately 2.42 %. As of September 30, 2024 , the if-converted value of the Convertible Notes did no t exceed the outstanding principal amount. As of September 30, 2024 , the total estimated fair value of the Convertible Notes was $ 29,890 , which was determined based on a market approach using actual bids and offers of the Convertible Notes in an over-the-counter market during the period. The Company considers these assumptions to be Level 2 inputs in accordance with the fair value hierarchy described in Note 6. Capped Calls In connection with the 2022 pricing of the Convertible Notes, with the full exercise by the initial purchasers of their option to purchase additional Convertible Notes in November 2021, the Company used approximately $ 18,616 of the net proceeds from the issuance of the Convertible Notes to enter into privately negotiated capped call transactions, which are referred to as the capped calls, with various financial institutions. The capped call transactions cover, subject to anti-dilution adjustments substantially similar to those applicable to the Convertible Notes, the number of shares of the Company’s common stock underlying the Convertible Notes. The capped call transactions are expected generally to reduce the potential dilution to the Company’s common stock upon conversion of the Convertible Notes and/or offset some or all of any cash payments the Company is required to make in excess of the principal amount of converted Convertible Notes, as the case may be, in the event that the market price per share of the Company’s common stock, as measured under the terms of the capped call transactions, is greater than the strike price of the capped call transactions, which initially corresponds to the conversion price of the Convertible Notes and is subject to anti-dilution adjustments substantially similar to those applicable to the conversion rate of the Convertible Notes. If, however, the market price per share of the Company’s common stock, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions. The initial cap price of the capped calls is $ 48.55 per share of common stock, which represents a premium of 75 % over the last reported sale price of the Company’s common stock of $ 27.74 per share on November 16, 2021, and is subject to certain customary adjustments under the terms of the capped calls; provided that the cap price will not be reduced to an amount less than the strike price of $ 35.76 per share. The capped call transactions are separate transactions and are not part of the terms of the Convertible Notes. The capped calls met the criteria for classification as equity and, as such, are not remeasured each reporting period and are included as a reduction to additional paid-in-capital within stockholders’ equity. In connection with the 2022 Repurchase Transaction, the Company entered into transactions to unwind a portion of the capped calls. As a result, the Company received $ 276 in net proceeds from the proceeds of the unwinding of the capped calls. In connection with the 2023 Repurchase Transaction, the Company entered into transactions to unwind a portion of the capped calls. The Company did no t receive any proceeds from the unwinding of the capped calls in 2023. Credit Facility In August 2023, the Company entered into a three year credit agreement with Alterna Capital Solutions, LLC (“ACS”) pursuant to which the Company might have borrowed up to $ 30,000 (the “ACS Credit Facility”). Loans under the ACS Credit Facility were secured by certain domestic receivables and other assets as determined by ACS. The ACS Credit Facility bore interest at the greater of Prime rate plus 1.0 % or 9.5 %, and minimum annual interest of $ 250 if no funds are drawn under the ACS Credit Facility in a given year. ACS was a senior secured creditor. On December 12, 2023, in connection with the Company’s entry into the Credit Agreement (as defined above), the ACS Credit Facility and the related Commercial Guarantee, dated August 8, 2023, were terminated. Immediately prior to its termination, no amounts were outstanding under the ACS Credit Facility. The Company did no t incur any early termination penalties in connection with the termination of the ACS Credit Facility and related agreements.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	NOTE 5. NET LOSS PER SHARE The following table presents the computation of basic and diluted net loss per share: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Numerator Net loss from continuing operations $ ( 22,511 ) $ ( 26,732 ) $ ( 72,072 ) $ ( 76,012 ) Net income from discontinued operations 765 2,191 2,897 5,212 Net loss $ ( 21,746 ) $ ( 24,541 ) $ ( 69,175 ) $ ( 70,800 ) Denominator Weighted-average common shares outstanding 38,086,765 36,991,650 37,752,562 36,810,878 Less: Weighted-average shares subject to repurchase — — — — Denominator for basic and diluted net (loss) income per share 38,086,765 36,991,650 37,752,562 36,810,878 Basic and diluted net loss per share from continuing operations $ ( 0.59 ) $ ( 0.72 ) $ ( 1.91 ) $ ( 2.06 ) Basic and diluted net income per share from discontinued operations 0.02 0.06 0.08 0.14 Basic and diluted net loss per share $ ( 0.57 ) $ ( 0.66 ) $ ( 1.83 ) $ ( 1.92 ) The Company reported net losses for all periods presented and, as such, all potentially dilutive shares of common stock would have been antidilutive for such periods. The table below presents the weighted-average securities (in common equivalent shares) outstanding during the periods presented that have been excluded from the calculation of diluted net loss per share because their effect would be anti-dilutive: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Common stock options, restricted stock units and performance stock units 10,555,192 11,058,562 10,729,798 10,909,888 Warrants to purchase common stock 2,654,628 496,612 2,820,462 496,612 Common stock issuable in connection with convertible senior notes 2,482,621 3,842,961 2,482,621 3,842,961 15,692,441 15,398,135 16,032,881 15,249,461

Financial Instruments

Financial Instruments	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
Financial Instruments	NOTE 6. FINANCIAL INSTRUMENTS Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. The fair value hierarchy is based on three levels of inputs that may be used to measure fair value. Level 1 and Level 2 are considered observable and Level 3 is considered unobservable, as follows: • Level 1—quoted prices (unadjusted) in active markets for identical assets or liabilities; • Level 2—inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or • Level 3—unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Cash and Cash Equivalents The Company’s money market funds are categorized as Level 1 within the fair value hierarchy. As of September 30, 2024, the Company’s cash and cash equivalents were as follows: Gross Cash and Unrealized Fair Cash Cost Losses Value Equivalents Cash from continuing operations $ 11,422 $ — $ 11,422 $ 11,422 Cash from discontinued operations 34,496 — 34,496 34,496 Total $ 45,918 $ — $ 45,918 $ 45,918 As of December 31, 2023, the Company’s cash and cash equivalents balances were as follows: Gross Cash and Unrealized Fair Cash Cost Losses Value Equivalents Cash from continuing operations $ 46,609 $ — $ 46,609 $ 46,609 Cash from discontinued operations 32,830 — 32,830 32,830 Total $ 79,439 $ — $ 79,439 $ 79,439 Purchase Consideration On September 14, 2021 , the Company acquired 100 % of PandoLogic, Ltd. (“PandoLogic”) , a company incorporated under the laws of the state of Israel, pursuant to an Agreement and Plan of Merger, dated as of July 21, 2021 (the “PandoLogic Merger Agreement”). The total purchase consideration for PandoLogic included up to $ 65,000 in contingent consideration based on achieving certain contingent consideration tied to financial performance of PandoLogic in fiscal 2021 and 2022, which amounts were payable in a combination of cash and common stock (the “PandoLogic Contingent Consideration”). At December 31, 2023, all Pandologic Contingent Consideration had been paid. All of the Company’s contingent consideration liabilities are categorized as Level 3 within the fair value hierarchy, except when the amount of the payout is determined to be fixed. Contingent consideration for the PandoLogic acquisition was valued at the time of acquisition using Monte Carlo simulation models. These models incorporate contractual terms and assumptions regarding financial forecasts for PandoLogic, discount rates, and volatility of forecasted revenue. The value of the Company’s contingent consideration would increase if a lower discount rate was used and would decrease if a higher discount rate was used. Similarly, a higher revenue volatility assumption would increase the value of the contingent consideration, and a lower revenue volatility assumption would decrease the value of the contingent consideration. Contingent consideration for the March 2022 Acquisition (as defined below) was valued at the time of acquisition using a simple probability of achievement model, with the probability of achievement based on management’s forecasted outcomes for 2022 and 2023 fiscal year results for the acquired entity. The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management with the assistance of a third-party valuation specialist when deemed necessary. In September 2022, the Company and PandoLogic’s former owners entered into an amendment to the PandoLogic Merger Agreement. This amendment provides that the PandoLogic Contingent Consideration would be no less than $ 10,825 , irrespective of the actual financial performance of PandoLogic for the PandoLogic Contingent Consideration period. All of the PandoLogic Contingent Consideration was paid during the year ended December 31, 2023 in a combination of cash consideration and stock consideration, with the number of shares paid equal to that stock consideration portion of the contingent consideration amount divided by a price per share of $ 20.53 in accordance with the terms of the PandoLogic Merger Agreement. On March 1, 2022 , the Company acquired 100 % of an influencer-based management company (the “March 2022 Acquisition”). As part of the consideration, the seller was eligible to receive up to $ 4,500 in cash (the “March 2022 Acquisition Consideration”). In July 2023, the Company entered into an agreement amending the March 2022 Acquisition Consideration (the “March 2022 Acquisition Amendment”). The March 2022 Acquisition Amendment provides that the March 2022 Acquisition Consideration was reduced to $ 3,500 and payment of the March 2022 Acquisition Consideration amount is now tied to employment status of the seller through December 31, 2025, irrespective of the actual financial performance of the acquired company, the remainder of which is to be paid ratably over the service period. As the amount became fixed under the March 2022 Acquisition Amendment, the Company determined that the March 2022 Acquisition Consideration amount should no longer be categorized as Level 3 within the fair value hierarchy at the time of the amendment. There are no contingent consideration liabilities outstanding as of September 30, 2024. As of December 31, 2023, the Company’s contingent consideration liabilities current and non-current balances were as follows: Fair Value as of Changes in Amount Paid Fair Value as of January 1, 2023 Fair Value To Date December 31, 2023 Level 3: Contingent consideration, current $ 8,067 $ 1,651 $ ( 8,718 ) $ 1,000 Contingent consideration, non-current — 633 — 633 Total $ 8,067 $ 2,284 $ ( 8,718 ) $ 1,633 Stock Warrants On the Term Loan Closing Date (as defined in Note 4 above), the Company issued warrants to the Lenders (in such capacity, the “Warrant Holders”) to purchase up to 3,008,540 shares of the Company’s Common Stock. During the three and nine months ended September 30, 2024 , 0 and 499,857 of these warrants were net settled in exchange for 0 and 298,110 shares of Common Stock, respectively. As of September 30, 2024 , the Warrant Holders held warrants to purchase 2,508,683 shares of Common Stock. All of the Company’s outstanding stock warrants are categorized as Level 3 within the fair value hierarchy. Stock warrants are equity classified and have been recorded at their fair value, on their issuance date of December 13, 2023, using either a probability weighted expected return model, the Monte Carlo simulation model or the Black-Scholes option-pricing model. These models incorporate contractual terms, maturity, risk-free interest rates and volatility. The value of the Company’s stock warrants would increase if a higher risk-free interest rate was used and would decrease if a lower risk-free interest rate was used. Similarly, a higher volatility assumption would increase the value of the stock warrants, and a lower volatility assumption would decrease the value of the stock warrants. The development and determination of the unobservable inputs for Level 3 fair value measurements and fair value calculations are the responsibility of the Company’s management with the assistance of a third-party valuation specialist. Investments The Company holds a strategic investment in a technology company that was determined to not have a readily determinable fair value. This investment is carried at a cost of $ 2,750 on the Company’s condensed consolidated balance sheets within other assets as of September 30, 2024 and December 31, 2023 and is categorized as Level 3 within the fair value hierarchy. As part of the Energy Sale, the Company acquired a strategic investment in GridBeyond that was determined not to have a readily determinable fair value. This investment was carried at a cost equal to its initial estimated fair value of $ 2,021 on the Company’s condensed consolidated balance sheets within other assets as of December 31, 2023 , with that initial estimated fair value based on third party valuation at the time of the transaction and was categorized as Level 3 within the fair value hierarchy. In April 2024, the Company sold its investment in GridBeyond for $ 1,800 in cash , resulting in a loss on sale of $ 172 and a foreign exchange loss of $ 49 , recorded in other income (expense), net. Because these investments do not have readily determinable fair values, the Company has elected to measure these investments under ASC 321, Investments – Equity Securities , at cost minus impairments, if any, plus or minus changes resulting from observable price changes in orderly transactions for identical or similar investments. No impairment was recorded for the three and nine months ended September 30, 2024. The Company re-measures its investments if there is an observable transaction in a class of security similar to the Company’s investments and there were no such re-measurements for the three and nine months ended September 30, 2024 .

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	NOTE 7. GOODWILL AND INTANGIBLE ASSETS, NET Goodwill The carrying amount of goodwill was $ 53,110 as of September 30, 2024 and $ 53,529 as of December 31, 2023. Goodwill Balance at December 31, 2023 $ 53,529 Foreign currency translation ( 419 ) Balance at September 30, 2024 $ 53,110 The Company has only one reporting unit and evaluates goodwill for impairment at the single reporting unit level. As a result, there is no goodwill assigned specifically to Veritone One and goodwill pertaining to discontinued operations is allocated based on the relative fair value of Veritone One and the remaining business. As of September 30, 2024 and December 31, 2023, goodwill allocated to continuing operations was $ 53,110 and $ 53,529 , respectively, while goodwill allocated to discontinued operations was $ 26,718 in both periods. Intangible Assets The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which continue to be amortized: September 30, December 31, Weighted Gross Accumulated Net Gross Accumulated Net Software and technology 0.0 $ 3,582 $ ( 3,582 ) $ — $ 3,582 $ ( 3,582 ) $ — Licensed technology 0.0 500 ( 500 ) — 500 ( 500 ) — Developed technology 1.1 44,100 ( 31,318 ) 12,782 44,100 ( 24,601 ) 19,499 Customer and supplier relationships 3.3 99,000 ( 47,226 ) 51,774 99,000 ( 36,323 ) 62,677 Noncompete agreements 0.0 800 ( 800 ) — 800 ( 800 ) — Trademarks and trade names 2.3 2,300 ( 1,368 ) 932 2,300 ( 1,053 ) 1,247 Total 2.8 $ 150,282 $ ( 84,794 ) $ 65,488 $ 150,282 $ ( 66,859 ) $ 83,423 The following table presents future amortization of the Company’s finite-lived intangible assets as of September 30, 2024: 2024 (three months) $ 6,018 2025 21,427 2026 16,569 2027 13,541 2028 7,870 Thereafter 63 Total $ 65,488 Impairment Assessment The Company determined that an indicator of impairment was present driven by the determination that the Divestiture met the criteria for held for sale and discontinued operations, and as a result, the Company performed a quantitative goodwill impairment assessment as of September 30, 2024 using a market approach, which estimates fair value based on the Company’s market capitalization and an estimate of a reasonable range of values of a control premium. The Company determined that goodwill was not impaired, as the estimated fair value of the Company’s reporting unit exceeded its carrying value. Additionally, as of June 30, 2024, the Company performed a quantitative analysis of the recoverability of each of the Company’s asset groups. The result of the analyses was that the assets were not impaired, as the expected cash flows exceeded the carrying value for each asset group.

Consolidated Financial Statemen

Consolidated Financial Statements Details	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Consolidated Financial Statements Details	NOTE 8. CONSOLIDATED FINANCIAL STATEMENTS DETAILS Consolidated Balance Sheets Details Cash and cash equivalents As of September 30, 2024 and December 31, 2023, the Company had cash and cash equivalents of $ 11,422 and $ 46,609 , respectively. Accounts Receivable, Net and Allowance for Credit Losses Accounts receivable consisted of the following: As of September 30, December 31, Accounts receivable — Managed Services (1) $ 9,018 $ 3,436 Accounts receivable — Software Products & Services (2) 23,177 29,290 Accounts receivable — Other 2,750 2,349 34,945 35,075 Less: allowance for expected credit losses ( 1,086 ) ( 1,180 ) Accounts receivable, net $ 33,859 $ 33,895 (1) Accounts receivable – Managed Services reflects the amounts due from the Company’s representation services and licensing customers. (2) Accounts receivable – Software Products & Services reflects the amounts due from the Company’s Veritone Hire solutions customers. Allowance for Credit Losses Accounting The Company maintains an allowance for expected credit losses to record accounts receivable at their net realizable value. Inherent in the assessment of the allowance for credit losses are certain judgments and estimates relating to, among other things, the Company’s customers’ access to capital, customers’ willingness and ability to pay, general economic conditions and the ongoing relationship with customers. The Company calculates the expected credit losses on a pool basis for those receivables that have similar risk characteristics aligned with the types of accounts receivable listed in the accounts receivable table above. Allowances have been recorded for receivables believed to be uncollectible, including amounts for the resolution of potential credit and other collection issues. The allowance for expected credit losses is determined by analyzing the Company’s historical write-offs and the current aging of receivables. Adjustments to the allowance may be required in future periods depending on how issues considered such as the financial condition of customers and the general economic climate may change or if the financial condition of the Company’s customers were to deteriorate resulting in an impairment of their ability to make payments. The Company has not historically had material write-offs due to uncollectible accounts receivable. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following: As of September 30, December 31, Prepaid assets $ 5,092 $ 5,513 Other receivables 327 1,664 Other current assets 743 687 Prepaid expenses and other current assets $ 6,162 $ 7,864 Other Assets Other assets consisted of the following: As of September 30, December 31, Investments 2,990 4,771 Other non-current assets 4,032 4,393 Other assets $ 7,022 $ 9,164 Property, Equipment and Improvements, Net Property, equipment and improvements, net consisted of the following: As of September 30, December 31, Property and equipment $ 6,351 $ 6,076 Internal use software development costs placed in service 11,518 8,058 Leasehold improvements 1,694 1,639 19,563 15,773 Less: accumulated depreciation ( 9,699 ) ( 7,694 ) Property, equipment and improvements, net $ 9,864 $ 8,079 Depreciation expense was $ 1,127 and $ 3,448 for the three and nine months ended September 30, 2024 , respectively. Depreciation expense was $ 1,168 and $ 2,230 for the three and nine months ended September 30, 2023, respectively. Of the $ 6,351 in property and equipment as of September 30, 2024 , $ 2,215 consisted of work in progress not yet placed in service for internal use software development costs. Depreciation of internal use software development costs was $ 1,684 and $ 3,123 for the three and nine months ended September 30, 2024 , respectively. Depreciation of internal use software development costs was $ 520 and $ 1,144 for the three and nine months ended September 30, 2023, respectively. Accounts Payable Accounts payable consisted of the following: As of September 30, December 31, Accounts payable — Veritone Hire $ 4,591 $ 9,220 Accounts payable — Other 4,765 7,400 Accounts payable $ 9,356 $ 16,620 Other Accrued Liabilities Other accrued liabilities consisted of the following: As of September 30, December 31, Accrued compensation $ 4,507 $ 4,052 Taxes payable 6,019 5,450 Current portion of operating lease liabilities 1,236 2,348 Accrued trade payables 13,585 13,504 Other 1,040 1,139 Other accrued liabilities $ 26,387 $ 26,493 Contract Liabilities Contract liabilities consist of deferred revenue. Deferred revenue represents billings under non-cancelable contracts before the related product or service is transferred to the customer. The portion of deferred revenue that is anticipated to be recognized as revenue during the succeeding twelve-month period is recorded as deferred revenue within the Company's condensed consolidated balance sheets. Deferred revenue was comprised of the following: Three Months Ended Nine Months Ended 2024 2024 Deferred revenue beginning balance $ 13,466 $ 12,813 Less: revenue recognized 9,183 10,780 Additions to deferred revenue 8,553 10,803 Ending balance of deferred revenue $ 12,836 $ 12,836 Consolidated Statements of Operations and Comprehensive Loss Details Revenue Revenue for the periods presented were comprised of the following: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Commercial Enterprise $ 20,397 $ 26,492 $ 65,968 $ 68,411 Public Sector 1,596 1,476 4,236 4,472 Total revenue $ 21,993 $ 27,968 $ 70,204 $ 72,883 The Company serves two customer groups: (1) Commercial Enterprise, which consists of customers in the commercial sector; and (2) Public Sector, which consists of customers in the public sector industries, including state, local and federal government, legal, and compliance customers. Software Products & Services consists of revenues generated from the Company’s aiWARE platform and talent applications, any related support and maintenance services, and any related professional services associated with the deployment and / or implementation of such solutions. Managed Services consists of revenues generated from content licensing customers and certain representation services customers and related services. The table below illustrates the presentation of our revenues based on the above definitions: Three Months Ended September 30, 2024 2023 Commercial Public Commercial Public Enterprise Sector Total Enterprise Sector Total Total Software Products & Services $ 13,098 $ 1,596 $ 14,694 $ 18,885 $ 1,476 $ 20,361 Managed Services Representation Services 2,730 — 2,730 2,828 — 2,828 Licensing 4,569 — 4,569 4,779 — 4,779 Total Managed Services 7,299 — 7,299 7,607 — 7,607 Total Revenue $ 20,397 $ 1,596 $ 21,993 $ 26,492 $ 1,476 $ 27,968 Nine Months Ended September 30, 2024 2023 Commercial Public Commercial Public Enterprise Sector Total Enterprise Sector Total Total Software Products & Services $ 41,310 $ 4,236 $ 45,546 $ 44,109 $ 4,472 $ 48,581 Managed Services Representation Services 9,763 — 9,763 8,465 — 8,465 Licensing 14,895 — 14,895 15,837 — 15,837 Total Managed Services 24,658 — 24,658 24,302 — 24,302 Total Revenue $ 65,968 $ 4,236 $ 70,204 $ 68,411 $ 4,472 $ 72,883 With the June 2023 acquisition of Broadbean, the Company expanded its customer base throughout Europe and Asia Pacific. During the three and nine months ended September 30, 2024 , 28.9 % and 28.4 %, respectively, of the Company’s consolidated revenue was from customers outside of the U.S., principally from customers located throughout Western Europe, as compared to 23.5 % and 10.8 % during the three and nine months ended September 30, 2023, respectively. Other Income (Expense), Net Other income (expense), net for the periods presented was comprised of the following: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Interest expense, net $ ( 2,987 ) $ ( 314 ) $ ( 8,485 ) $ ( 2,064 ) Gain (loss) on sale — — ( 172 ) 2,572 Other 393 ( 2,238 ) 39 580 Other income (expense), net $ ( 2,594 ) $ ( 2,552 ) $ ( 8,618 ) $ 1,088 Other in the table above consists of foreign exchange gains of $ 393 and losses of $ 2,294 for the three months ended September 30, 2024 and 2023, respectively, and foreign exchange gains of $ 29 and $ 526 for the nine months ended September 30, 2024 and 2023, respectively. Provision for Income Taxes In accordance with ASC 740-270, Income Taxes , the provision or benefit from income taxes for interim periods is determined using an estimate of the Company’s annual effective tax rate, adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates the estimate of the annual effective tax rate, and if the estimated tax rate changes, the Company records a cumulative adjustment. A separate estimated annual effective tax rate is applied for jurisdictions where an entity anticipates an ordinary loss or has an ordinary loss for the year to date for which no tax benefit can be recognized. The Company’s effective tax rate for the three and nine months ended September 30, 2024 was 10.3 % and 4.9 %, respectively. The difference between the effective tax rate and the U.S. federal statutory rate of 21% is primarily due to a valuation allowance established on the Company’s domestic federal and state net deferred tax assets, as well as the impact of foreign operations subject to tax in foreign jurisdictions. The Company’s effective tax rate for the three and nine months ended September 30, 2023 was 3 .6 % and 3.4 %, respectively. The change in the effective tax rates for the three and nine months ended September 30, 2024 as compared to the comparable prior year periods is primarily due to the impact of taxes on foreign operations and valuation allowances against domestic net deferred tax assets. As of September 30, 2024 and December 31, 2023, t he Company had net deferred tax liabilities of $ 4,387 and $ 9,504 , respectively, which is included in other non-current liabilities in the condensed consolidated balance sheets. As of September 30, 2024, the Company continues to provide a valuation allowance against federal and state deferred tax assets that are not expected to be realizable. The Company continues to evaluate the realizability of deferred tax assets and the related valuation allowance. If the Company’s assessment of the deferred tax assets or the corresponding valuation allowance were to change, the Company would record the related adjustment to income during the period in which the determination is made. As a result of the Broadbean acquisition, the Company expects to be subject to taxation in France and Australia, in addition to already being subject to taxation in the United States, Israel, and the United Kingdom. The United States, Israel, and the United Kingdom comprise the majority of the Company’s operations. In general, the U.S. federal statute of limitations is three years. However, the Internal Revenue Service may still adjust a tax loss or credit carryover in the year the tax loss or credit carryover is utilized. As such, the Company’s U.S. federal tax returns and state tax returns are open for examination since inception. The Israeli statute of limitations period is generally four years commencing at the end of the year in which the return was filed. The UK statute of limitations period is typically twelve months following the date on which the return is filed. The Company’s 2022 U.S. federal tax return for Pandologic, Inc. is currently under examination. There are no other ongoing examinations from income tax authorities in the jurisdictions in which the Company does business.

Leases, Commitments and Conting

Leases, Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Leases Commitments And Contingencies [Abstract]
Leases, Commitments and Contingencies	NOTE 9. LEASES, COMMITMENTS AND CONTINGENCIES Leases Lease Costs As of September 30, 2024, on its condensed consolidated balance she et the Company had right-of-use assets of $ 1,270 recorded within other assets , the current portion of operating lease liabilities of $ 1,236 recorded within other accrued liabilities , and the non-current portion of operating lease liabilities of $308 recorded within other non-current liabilities . As of December 31, 2023 , on its condensed consolidated balance sheet the Company had right-of-use assets of $ 1,669 recorded within other assets , the current portion of operating lease liabilities of $ 2,348 recorded within other accrued liabilities , and the non-current portion of operating lease liabilities of $ 308 recorded within other non-current liabilities . The Company made cash payments for its operating leases of $ 736 and $ 2,189 for the three and nine months ended September 30, 2024 , respectively, and $ 820 and $ 2,070 for the three and nine months ended September 30, 2023, respectively, all of which were included in cash flows from operating activities within the condensed consolidated statements of cash flows. The Company’s operating leases have a weighted average remaining lease term of 1.1 years and weighted average discount rate of 8.3 %. The total rent expense for all operating leases was $ 542 and $ 1,827 for the three and nine months ended September 30, 2024 , respectively, and $ 612 and $ 1,704 for the three and nine months ended September 30, 2023, respectively, with short-term leases making up an immaterial portion of such expenses. For its sublease, the Company recorded sublease income of $ 277 and $ 831 for the three and nine months ended September 30, 2024 , respectively, and $ 277 and 831 for the three and nine months ended September 30, 2023, respectively. Lease Commitments Future undiscounted lease payments for the Company’s operating lease liabilities, a reconciliation of these payments to its operating lease liabilities, and related sublease income at September 30, 2024 are as follows: Years ended December 31, 2024 (three months) $ 728 2025 753 2026 206 Total future minimum lease payments, including short-term leases 1,687 Less: future minimum lease payments for short-term leases ( 9 ) Less: imputed interest ( 134 ) Present value of future minimum lease payments, excluding short-term leases $ 1,544 Less: current portion of operating lease liabilities ( 1,236 ) Non-current portion of operating lease liabilities 308 Years ended December 31, Sublease Income 2024 (three months) 310 Total sublease income $ 310 Purchase Consideration In connection with the March 2022 Acquisition, the Company committed to make purchase consideration payments of $ 1,500 within ten days of the first anniversary of the closing date of the March 2022 Acquisition and an additional $ 1,500 within ten days of the second anniversary of the closing date of the March 2022 Acquisition. The first payment of $ 1,500 was made during the first quarter of 2023 and the second payment of $ 1,500 was made during the first quarter of 2024. On June 10, 2022 , the Company acquired VocaliD, Inc. (“VocaliD”), a U.S.-based company that pioneered the creation of personalized synthetic voices. In connection with its acquisition of VocaliD, the Company committed to make purchase consideration payments of $ 1,000 on the first anniversary of the closing date of the acquisition and an additional $ 1,000 on the 18-month anniversary of the closing date of the acquisition. The first payment of $ 1,000 was made during the second quarter of 2023 and the second payment of $ 1,000 was made during the fourth quarter of 2023. On August 11, 2022 , the Company acquired certain assets of Vision Semantics Limited (“VSL”), a U.K.-based company focused on AI-powered video analytics and surveillance software solutions. In connection with its acquisition of VSL in August 2022, the Company committed to make a purchase consideration payment of $ 300 on the 18-month anniversary of the closing date of the acquisition, which the Company paid during the first quarter of 2024. Payment of deferred consideration for the nine months ended September 30, 2024 and 2023 are reflected on the Company’s statements of cash flows. Other Contingencies From time to time, the Company may be involved in litigation relating to claims arising out of its operations in the normal course of business. The Company currently is not a party to any legal proceedings, the adverse outcome of which, in management’s opinion, individually or in the aggregate, would have a material adverse effect on the Company’s results of operations, financial position or cash flows.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
Stockholders' Equity	NOTE 10. STOCKHOLDERS’ EQUITY Common Stock Issuances During the nine months ended September 30, 2024 and 2023 , the Company issued an aggregate of 724,972 and 816,690 shares of its common stock, respectively, in connection with the exercise of stock options, issuance of stock awards and vesting of restricted stock units under its stock incentive plans and stock purchases under its Employee Stock Purchase Plan (the “ESPP”). During the nine months ended September 30, 2024 and 2023 , the Company issued a total of 298,110 and 0 shares of its common stock, respectively, in connection with warrant exercises (see Note 6). During the nine months ended September 30, 2023, the Company issued a total of 135,800 shares of its common stock in connection with the contingent consideration arrangement related to the acquisition of PandoLogic.

Stock Plans

Stock Plans	9 Months Ended
	Sep. 30, 2024
Share-Based Payment Arrangement [Abstract]
Stock Plans	NOTE 11. STOCK PLANS Stock-Based Compensation During the nine months ended September 30, 2024 and 2023, the Company granted options to purc hase an aggregate of 0 and 288,893 shares of its common stock that are subject to time-based vesting conditions, respectively. The Company valued these stock options using the Black-Scholes Merton option pricing model. The assumptions used to compute the grant date fair values of the stock options granted during the nine months ended September 30, 2024 and 2023 are set forth in the table below: Nine Months Ended 2024 2023 Expected term (in years) N/A 6.0 - 6.8 Expected volatility N/A 91 % - 100 % Risk-free interest rate N/A 3.6 % - 4.1 % The assumptions used in calculating the fair values of purchase rights granted under the ESPP during the nine months ended September 30, 2024 and 2023 are set forth in the table below: Nine Months Ended 2024 2023 Expected term (in years) 0.5 - 2.0 0.5 - 2.0 Expected volatility 106 % - 139 % 71 % - 101 % Risk-free interest rate 4.6 % - 5.2 % 0.1 % - 5.5 % The Company’s stock-based compensation expense by type of award and by operating expense grouping are presented below: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Stock-based compensation expense by type of award: Restricted stock units $ 1,415 $ 1,084 $ 3,989 $ 4,476 Performance-based stock units — 112 ( 352 ) 582 Stock options 464 759 1,592 2,811 Employee stock purchase plan 302 77 699 777 Total stock-based compensation expense $ 2,181 $ 2,032 $ 5,928 $ 8,646 Stock-based compensation expense by operating expense grouping: Cost of revenue $ — $ ( 5 ) $ ( 1 ) $ 32 Sales and marketing 271 208 753 913 Research and development 439 953 1,067 3,622 General and administrative 1,471 876 4,109 4,079 Total stock-based compensation expense 2,181 2,032 5,928 8,646 Less stock-based compensation expense from discontinued operations 82 79 237 443 Stock-based compensation expense from continuing operations $ 2,099 $ 1,953 $ 5,691 $ 8,203 Stock-based compensation capitalized for internal-use so ftware was $ 87 and $ 75 for the three months ended September 30, 2024 and 2023, respectively. Stock-based compensation capitalized for internal-use so ftware was $ 299 and $ 289 for the nine months ended September 30, 2024 and 2023, respectively. Equity Award Activity Under Stock Plans Performance Stock Units In connection with the Steel Holdings Consulting Agreement (as defined and further described in Note 12), on January 11, 2023, the Compensation Committee (the “Compensation Committee”) of the Company’s Board of Directors (the “Board”) approved a grant of 118,460 performance stock units (the “Steel Holdings Consulting PSUs”) that were to vest upon the achievement of certain performance milestones. During the year ended December 31, 2023, certain performance milestones were achieved resulting in the vesting of 19,743 shares of the Steel Holdings Consulting PSUs on April 22, 2023 and 39,486 shares on November 15, 2023. In January 2024, the Company entered into an amended and restated independent contractor services agreement with Steel Holdings, LLC (the “Amended Consulting Agreement”), which supersedes and replaces the Steel Holdings Consulting Agreement. Under the Amended Consulting Agreement, all equity grants that were made, other than vested Steel Holdings Consulting PSUs but including unvested Steel Holdings Consulting PSUs, or contemplated under the Steel Holdings Consulting Agreement were terminated as of the effective date of the Amended Consulting Agreement and no further performance stock units will be issued under the Amended Consulting Agreement. On March 16, 2023, the Compensation Committee approved a grant of 170,402 target performance stock units to be granted to the Company’s named executive officers (the “2023 Senior Executive PSUs”). The awards had a grant date of March 31, 2023 and were to vest based on the achievement of revenue and non-GAAP net income targets (each equally weighted) for 2023, which achievement shall then be modified (up to a 20 % increase or decrease) based on the Company’s relative total stockholder return over a three-year performance period (the “TSR Modifier”), as compared with the S&P Software and Services Select Industry Index. Based on the Company’s performance, the Company’s named executive officers were to earn from 0 % to 200 % of the target number of shares of the 2023 Senior Executive PSUs. The 2023 Senior Executive PSUs, to the extent earned, were to vest on the date the Board certifies the TSR Modifier for the three-year performance period ending December 31, 2025 and the number of 2023 Senior Executive PSUs that were to vest as of such certification, all of which was to occur within 90 days of the end of the performance period ending December 31, 2025 . Compensation costs recognized on the 2023 Senior Executive PSUs were to be adjusted, as applicable, for performance above or below the target specified in the award. On April 8, 2024, the Compensation Committee determined that, as of December 31, 2023, the revenue and non-GAAP net income targets were not achieved and the 2023 Senior Executive PSUs were forfeited. On April 8, 2024, the Compensation Committee approved grants of 200,000 and 48,000 target performance stock units to be granted to the Company’s named executive officers, Ryan Steelberg and Michael Zemetra, respectively (the “2024 Senior Executive PSUs”). The awards had a grant date of April 8, 2024 and vest based on the achievement of revenue and non-GAAP net income targets (each equally weighted) for 2024, which achievement shall then be modified (up to a 20 % increase or decrease) based on the Company’s relative total stockholder return over a three-year performance period (the “TSR Modifier”), as compared with the S&P Software and Services Select Industry Index. Based on the Company’s performance, the Company’s named executive officers may earn from 0 % to 200 % of the target number of shares of the 2024 Senior Executive PSUs. The 2024 Senior Executive PSUs, to the extent earned, vest on the date the Board certifies the TSR Modifier for the three-year performance period ending December 31, 2026 and the number of 2024 Senior Executive PSUs that vest as of such certification, all of which shall occur within 90 days of the end of the performance period ending December 31, 2026 . Compensation costs recognized on the 2024 Senior Executive PSUs shall be adjusted, as applicable, for performance above or below the target specified in the award. The Company’s performance stock unit activity for the nine months ended September 30, 2024 was as follows: Weighted Average Grant Shares Date Fair Value Unvested at December 31, 2023 229,633 $ 5.86 Granted 248,000 $ 6.97 Forfeited ( 229,633 ) $ 5.86 Unvested at September 30, 2024 248,000 $ 6.97 Restricted Stock Units The Company’s restricted stock unit activity for the nine months ended September 30, 2024 was as follows: Weighted Average Grant Shares Date Fair Value Unvested at December 31, 2023 1,949,514 $ 5.40 Granted 820,865 $ 5.59 Forfeited ( 337,272 ) $ 6.54 Vested ( 647,373 ) $ 6.94 Unvested at September 30, 2024 1,785,734 $ 4.67 As of September 30, 2024, total unrecognized compens ation cost related to restricted stock units was $ 6,260 , which is expected to be recognized over a weighted average period of 1.7 years. Performance-Based Stock Options The activity during the nine months ended September 30, 2024 related to stock options that are subject to performance-based vesting conditions tied to the achievement of stock price goals by the Company was as follows: Weighted-Average Remaining Aggregate Exercise Contractual Intrinsic Options Price Term Value Unvested at December 31, 2023 3,671,310 $ 11.29 Expired ( 48,486 ) $ 5.94 Outstanding at September 30, 2024 3,622,824 $ 11.36 5.7 years $ — Exercisable at September 30, 2024 3,622,824 $ 11.36 5.7 years $ — The aggregate intrinsic value of the options exercised during the nine months ended September 30, 2024 and 2023 was $ 0 and $ 5 , respectively. No performance-based stock options were granted during the nine months ended September 30, 2024 and 2023 and no performance-based stock options vested during the nine months ended September 30, 2024 and 2023. Stock Options The activity during the nine months ended September 30, 2024 related to all other stock options was as follows: Weighted-Average Remaining Aggregate Exercise Contractual Intrinsic Options Price Term Value Outstanding at December 31, 2023 5,506,374 $ 13.81 Exercised ( 53,521 ) $ 2.07 Forfeited ( 229,210 ) $ 11.63 Expired ( 292,720 ) $ 14.39 Outstanding at September 30, 2024 4,930,923 $ 14.00 3.5 years $ 338 Exercisable at September 30, 2024 4,667,656 $ 14.13 3.3 years $ 338 No stock options were granted during the nine months ended September 30, 2024. The weighted average grant date fair value of stock options granted during the nine months ended September 30, 2023 wa s $ 3.99 p er share. The aggregate intrinsic value of the stock options exercised during the nine months ended September 30, 2024 and 2023 was $ 80 and $ 12 , respectively. The total grant date fair value of stock options vested during the nine months ended September 30, 2024 and 2023 was $ 2,891 and $ 4,524 , respectively. At September 30, 2024 , total unrecognized compensation expense related to stock options was $ 2,087 and is expected to be recognized over a weighted average period of 1.7 years. The aggregate intrinsic values in the tables above represent the difference between the fair market value of the Company’s common stock and the average option exercise price of in-the-money options, multiplied by the number of such stock options. Employee Stock Purchase Plan As of September 30, 2024 and December 31, 2023 , employee payroll deductions accrued under the ESPP totaled $ 107 and $ 357 , respectively. During the nine months ended September 30, 2024 , a total of 227,773 shares of common stock were purchased under the ESPP.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 12. RELATED PARTY TRANSACTIONS On January 4, 2023, the Company entered into an independent contractor services agreement with Steel Holdings, LLC, effective as of January 1, 2023 the Steel Holdings Consulting Agreement. Steel Holdings, LLC is an entity affiliated with Chad Steelberg, currently a director serving on the Company’s Board, and formerly its Chairman of the Board and Chief Executive Officer. Under the Steel Holdings Consulting Agreement, the Company retained Mr. Steelberg as a consultant to provide ongoing Chief Executive Officer transition services and to manage and oversee the further development of the Company’s aiWARE platform. In January 2024, the Company entered into the Amended Consulting Agreement, which supersedes and replaces the Steel Holdings Consulting Agreement. Pursuant to the Amended Consulting Agreement, Mr. Steelberg will provide technical advisory services related to the Company’s software, software architecture and technology strategy as requested by the Company’s Chief Executive Officer until December 31, 2025, the termination date of the Amended Consulting Agreement. In consideration for such services, the Company agreed to pay to Steel Holdings, LLC (i) $ 1,000 in cash on July 1, 2024 and (ii) $ 50 per month in cash for the period from January 2024 through December 2025. The Company will reimburse Steel Holdings, LLC for reasonable and documented expenses incurred in connection with providing the services in accordance with the Company’s standard travel and expense policies. All equity grants that were made, including the unvested Steel Holdings Consulting PSUs, or contemplated under the Steel Holdings Consulting Agreement were terminated as of the effective date of the Amended Consulting Agreement and no further performance stock units will be issued under the Amended Consulting Agreement, except that the vested Steel Holdings Consulting PSUs remained outstanding. The Amended Consulting Agreement may be terminated by either party with 90 days’ notice. If the Company terminates the Amended Consulting Agreement for any reason other than Steel Holdings, LLC’s material breach, then any remaining cash compensation payments under the Amended Consulting Agreement will become due and payable. In the event of a Change in Control (as defined in the 2017 Stock Incentive Plan), the Amended Consulting Agreement will terminate as of the effective date of the Change in Control and any remaining cash compensation payments will become due and payable. The Company has determined that all future payments under the Amended Consulting Agreement are probable and estimable, and that substantially all benefits earned under the agreement relate to past services rendered. As such, the Company has accrued a liability for all future cash payments under the agreement on its condensed consolidated balance sheet as of September 30, 2024, and recognized a resulting acceleration charge of $ 0 and $ 1,484 to general and administrative expenses to its condensed consolidated income statement during the three and nine months ended September 30, 2024, respectively. During the second quarter of 2024, one of the Company’s subsidiaries rented a property owned by the Company’s Chief Executive Officer in connection with certain promotional event services on behalf of one of its customers. Total consideration paid was less than $ 100 .

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	NOTE 13. SUBSEQUENT EVENTS The Divestiture On the Divestiture Closing Date, the Company entered into the Purchase Agreement, by and among the Company, Veritone One and the Purchaser, an affiliate of Insignia Capital Group L.P., pursuant to which, among other things, the Purchaser acquired from the Company all of the issued and outstanding equity of Veritone One for a total purchase price of up to $ 104,000 , subject to purchase price adjustments and the achievement of the Earnout targets described below. The Divestiture was structured as a simultaneous “sign and close” transaction and closed on the Divestiture Closing Date. On the Divestiture Closing Date, the Company received cash proceeds of $ 59,053 , which reflected the aggregate purchase price of $ 104,000 , less $ 18,000 subject to the Earnout described below, $ 20,297 of purchase price adjustments, and $ 6,650 placed in escrow accounts described below. Of the amounts placed in escrow, $ 1,500 was placed in an escrow account for potential purchase price adjustments and an aggregate of $ 5,150 was placed in escrow accounts for the potential satisfaction of post-closing indemnification claims (the “Indemnity Escrow”), in each case subject to the terms and limitations set forth in the Purchase Agreement. The Company may receive up to an additional $ 18,000 in cash proceeds in the Earnout, subject to the achievement of certain net revenue targets by Veritone One between January 1, 2025 and December 31, 2025 (as further described in the Purchase Agreement). The Purchase Agreement contains customary representations, warranties and covenants of each of the parties to the Agreement. The Purchase Agreement also includes indemnification provisions whereby the Company will indemnify the Purchaser and other related indemnified parties for losses arising out of, among other things, inaccuracies in, or breaches of, the representations, warranties and covenants of the Company or Veritone One. The Purchaser and the other related indemnified parties will be able to make post-closing indemnification claims against the Indemnity Escrow, subject to the terms and limitations set forth in the Purchase Agreement. In addition, under the Purchase Agreement, the Company is subject to non-competition and non-solicitation provisions pursuant to which, among other things, the Company agreed not to engage in certain competitive activities with respect to Veritone One’s business or solicit Veritone One employees or customers for a period of four years following the Divestiture. Term Loan Repayment On October 22, 2024 (the “Repayment Date”), the Company used net cash proceeds from the Divestiture to repay $ 30,512 principal amount of its outstanding Term Loan, plus accrued interest and a prepayment premium in of $ 3,303 (collectively, the “Term Loan Repayment”). As of the Repayment Date, after giving effect to the Term Loan Repayment, $ 43,114 aggregate principal amount remained outstanding under the Term Loan and the Company had approximately $ 27,289 of cash and cash equivalents. Due to the classification of held-for-sale at September 30, 2024, and the proximity of the October 17, 2024 Divestiture to the September 30, 2024 balance sheet, the Company classified the $ 30,512 million of debt paid down through the Divestiture as Term Loan, current portion on the September 30, 2024 balance sheet.

Presentation and Summary of S_2

Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) for interim financial statements and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not contain all information and footnotes required by GAAP for annual financial statements. Such unaudited condensed consolidated financial statements and accompanying notes are based on the representations of the Company’s management, who is responsible for their integrity and objectivity. The information included in this Form 10-Q should be read in conjunction with the information included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on April 1, 2024. Interim results for the three and nine months ended September 30, 2024 are not necessarily indicative of the results the Company will have for the full year ending December 31, 2024. The accompanying condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and, in the opinion of management, reflect all adjustments that are normal, recurring and necessary to fairly state the Company’s financial position, results of operations and cash flows. All significant intercompany transactions have been eliminated in consolidation. The financial data and the other information disclosed in these notes to the condensed consolidated financial statements reflected in the three and nine month periods presented are unaudited. The December 31, 2023 balance sheet included herein was derived from the audited financial statements but does not include all disclosures or notes required by GAAP for complete financial statements. The Company determined that Veritone One met the criteria to be classified as discontinued operations. As a result, the historical financial results of Veritone One are reflected in these condensed consolidated financial statements as discontinued operations and, as such, have been excluded from continuing operations for all periods presented on a retrospective basis, unless otherwise stated. Refer to Note 3 on Discontinued Operations for further details.
Liquidity, Capital Resources and Going Concern	Liquidity, Capital Resources and Going Concern These consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles assuming the Company will continue as a going concern over the next twelve months through November 2025. During the year ended December 31, 2023 and nine months ended September 30, 2024, the Company used cash in operations of $ 76,421 and $ 24,223 , respectively, and incurred net losses of $ 58,625 and $ 69,175 , respectively. As of September 30, 2024, the Company had an accumulated deficit of $ 499,071 and negative working capital of $ 83,872 . Based on the Company’s liquidity position at September 30, 2024 after giving effect to the impact of the Divestiture and the repayment of a portion of our term loan, and the Company’s current forecast of operating results and cash flows, absent any other action, management determined that there is substantial doubt about the Company’s ability to continue as a going concern over the twelve months following the filing of this Quarterly Report on Form 10-Q, principally driven by the Company’s current debt service obligations, historical negative cash flows and recurring losses. The Company will require additional liquidity to continue its operations over the next twelve months. On the Divestiture Closing Date, the Company completed the sale of Veritone One for total consideration up to $ 104,000 , subject to purchase price adjustments and the achievement of certain earnout targets as described below. Net proceeds from the transaction were $ 59,053 in cash, which reflected the aggregate purchase price of $ 104,000 , less $ 18,000 subject to an earnout described below, $ 20,297 of purchase price adjustments, and $ 6,650 placed in escrow accounts described below. The Company may receive the earnout of up to $ 18,000 in cash proceeds based on the achievement of certain net revenue targets by Veritone One between January 1, 2025 and December 31, 2025 (the “Earnout”). Of the amounts placed in escrow, $ 1,500 was placed in an escrow account for potential purchase price adjustments and an aggregate of $ 5,150 was placed in escrow accounts for the potential satisfaction of post-closing indemnification claims, in each case subject to the terms and limitations set forth in the Purchase Agreement. Net cash proceeds from the Divestiture were used to repay $ 30,512 principal amount of the Company’s outstanding Term Loan (defined in Note 4), plus accrued interest and a prepayment premium in an aggregate amount of $ 3,303 , and to pay $ 3,875 in deal-related expenses. Immediately following the Divestiture and the repayment of a portion of its Term Loan, the Company reported cash on hand of $ 27,289 , and the Company improved its negative working capital as compared to September 30, 2024. Potential future consideration from the Divestiture in the form of cash held in escrow and the Earnout is up to $ 24,650 . With respect to the escrowed amounts, $ 1,500 is expected to be settled and may be released within 90 to 120 days after the Divestiture Closing Date, $ 3,650 is expected to settle and may be released 12 months after the Divestiture Closing Date, and $ 1,500 is expected to settle and may be released 24 months after the Divestiture Closing Date. The Earnout, if applicable, is anticipated to be payable in part no later than March 2, 2026, with the remainder, if applicable, payable in the second quarter of 2026. While management believes a large portion of this potential future consideration will be earned and paid back to the Company over the next two years , both the escrowed amounts and Earnout are subject to future negotiation and financial performance of Veritone One, a portion of which the Company will have no direct control over. As a result, there is no guarantee that any of the deferred consideration will be earned and or paid back to the Company. Given the Company’s forecast over the next twelve months, the Company will require additional liquidity to continue its operations over the next twelve months. In the near term, and to meet its obligations as they come due, the Company is evaluating additional strategies to obtain funding for future operations. These strategies may include, but are not limited to, obtaining equity financing, debt and/or further restructuring of operations to grow revenues and decrease operating expenses, which include capturing past cost reductions and potential future cost synergies from the Company’s past acquisitions. The going concern assumption contemplates the realization of assets and satisfaction of liabilities in the normal course of business, including having sufficient liquidity in the future to meet, amongst other things, its covenants under the Term Loan Credit Agreement (as defined in Note 4). The Company may not be able to access additional equity under acceptable terms, and may not be successful in future operational restructurings, earning any of its deferred purchase consideration, meeting its minimum liquidity threshold under its Credit Agreement or growing its revenue base. If the Company becomes unable to continue as a going concern, it may have to dispose of other or additional assets and might realize significantly less value than the values at which they are carried on its condensed consolidated financial statements. These actions may cause the Company’s stockholders to lose all or part of their investment in the Company’s common stock. The condensed consolidated financial statements do not include any adjustments that might result from the Company being unable to continue as a going concern. If the Company cannot continue as a going concern, adjustments to the carrying values and classification of its assets and liabilities and the reported amounts of income and expenses could be required and could be material.
Use of Accounting Estimates	Use of Accounting Estimates The preparation of the accompanying condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the accompanying condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. The principal estimates relate to the accounting recognition and presentation of revenue, allowance for credit losses, purchase accounting, impairment of goodwill and long-lived assets, the valuation of senior secured debt, the valuation of non-cash consideration received in barter transactions and the evaluation of its realizability, the valuation of certain assets, liabilities and costs allocated to discontinued operations, the valuation of stock awards and stock warrants and income taxes, where applicable. There has been uncertainty and disruption in the global economy and financial markets due to a number of factors including the wars in Ukraine and Israel, the global inflationary environment and high interest rates. The war in Israel has also adversely impacted the Company’s business operations because the Company has an office and personnel based in Herzliya, Israel. The Company is not aware of any specific event or circumstance that would require an update to its estimates or assumptions or a revision of the carrying value of its assets or liabilities as of the date of filing of this Quarterly Report on Form 10-Q. These estimates and assumptions may change as new events occur and additional information is obtained. As a result, actual results could differ materially from these estimates and assumptions.
Significant Customers	Significant Customers During the three and nine months ended September 30, 2024, in each case, no individual customer accounted for more than 10 % of the Company’s revenue. No individual customer accounted for 10 % or more of the Company’s revenue during the three months ended September 30, 2023 and one individual customer accounted for 10 % or more of the Company’s revenue for the nine months ended September 30, 2023. As of September 30, 2024 and December 31, 2023 , in each case, no individual customer accounted for 10 % or more of the Company’s accounts receivable.
Contract Balances	Contract Balances Contract liabilities are recorded as deferred revenue when customer payments are received in advance of the Company meeting all the revenue recognition criteria. The Compan y recognized $ 10,780 of reve nue during the nine months ended September 30, 2024 that was included in the deferred revenue balance as of December 31, 2023.
Remaining Performance Obligations	Remaining Performance Obligations As of September 30, 2024 , the aggregate amount of the transaction prices under the Company’s contracts allocated to the Company’s remaining performance obligations was $ 36,488 , approximately 55 % of which the Company expects to recognize as revenue over the next twelve months , and the remainder thereafter to be recognized over the next five years . This aggregate amount excludes amounts allocated to remaining performance obligations under contracts that have an original duration of one year or less and variable consideration that is allocated to remaining performance obligations. Excluded based on this policy are balances related to Veritone Hire solutions representing gross purchase orders to be satisfied in less than one year. Revenues will be recognized net of costs to fulfill these orders.
Segment Information	Segment Information The Company operates as one reportable segment. The Company reports segment information based on the internal reporting used by the chief operating decision maker for making decisions and assessing performance as the source of the Company’s reportable segment.
Seasonality	Seasonality The Company experiences seasonal fluctuations in its revenue and operating performance as a result of the utilization of its platform and associated revenues from its Software Products & Services. In particular, certain Commercial Enterprise solutions, including Veritone Hire revenues, have historically been higher in the second half of each fiscal year, consistent with the hiring and spending cycles of the Company’s larger customers. The Company also experiences seasonality as a result of factors such as the timing of large projects, the length and complexity of sales cycles, trends impacting the Company’s target vertical markets and the Company’s revenue recognition policies and any changes to those policies. Within a given quarter, a higher proportion of the Company’s agreements are signed toward the end of such quarter. Although these seasonal factors are common in the technology industry, historical patterns should not be considered a reliable indicator of our future sales activity or performance.
Discontinued Operations	Discontinued Operations During the third quarter of 2024, the Company determined that Veritone One (as defined above in Note 1) met the criteria to be classified as held for sale and discontinued operations. As a result, the historical financial results of Veritone One are reflected in these condensed consolidated financial statements as discontinued operations and, as such, have been excluded from continuing operations for all periods presented on a retrospective basis, unless otherwise stated. Refer to Note 3 on Discontinued Operations for further details.
Significant Accounting Policies	Significant Accounting Policies There have been no material changes in the Company’s significant accounting policies from those disclosed in its Annual Report on Form 10-K for the year ended December 31, 2023.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In September 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) which requires measurement and recognition of expected credit losses for financial assets held. This standard was effective for the Company beginning in the first quarter of fiscal year 2023. The Company adopted this guidance on January 1, 2023 and the impact of the adoption was not material to our condensed consolidated financial statements as credit losses are not expected to be significant based on historical collection trends, the financial condition of payment partners, and external market factors. In October 2021, the FASB issued ASU No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires entities to recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with ASC Topic 606, Revenue from Contracts with Customers , in order to align the recognition of a contract liability with the definition of a performance obligation. The Company adopted this guidance on January 1, 2023. The adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements.
Allowance for Credit Losses Accounting	Allowance for Credit Losses Accounting The Company maintains an allowance for expected credit losses to record accounts receivable at their net realizable value. Inherent in the assessment of the allowance for credit losses are certain judgments and estimates relating to, among other things, the Company’s customers’ access to capital, customers’ willingness and ability to pay, general economic conditions and the ongoing relationship with customers. The Company calculates the expected credit losses on a pool basis for those receivables that have similar risk characteristics aligned with the types of accounts receivable listed in the accounts receivable table above. Allowances have been recorded for receivables believed to be uncollectible, including amounts for the resolution of potential credit and other collection issues. The allowance for expected credit losses is determined by analyzing the Company’s historical write-offs and the current aging of receivables. Adjustments to the allowance may be required in future periods depending on how issues considered such as the financial condition of customers and the general economic climate may change or if the financial condition of the Company’s customers were to deteriorate resulting in an impairment of their ability to make payments. The Company has not historically had material write-offs due to uncollectible accounts receivable.

Discontinued Operations, Busi_2

Discontinued Operations, Business Combinations and Divestiture (Tables)	9 Months Ended
	Sep. 30, 2024
Disposal Groups, Including Discontinued Operations	The carrying amounts of the major classes of assets and liabilities of the Company's discontinued operations as of September 30, 2024 and December 31, 2023 were as follows (unaudited): As of September 30, December 31, Assets of discontinued operations Cash and cash equivalents $ 34,496 $ 32,830 Accounts receivable, net 34,167 38,415 Expenditures billable to clients 37,158 19,608 Prepaid expenses and other current assets 8,151 6,593 Total current assets 113,972 97,446 Property, equipment and improvements, net 533 577 Goodwill 26,718 26,718 Other assets 7,339 10,687 Total assets $ 148,562 $ 135,428 Liabilities of discontinued operations Accounts payable $ 15,321 $ 16,272 Accrued media payments 107,149 94,584 Client advances 34,937 15,240 Other accrued liabilities 1,133 797 Total current liabilities 158,540 126,893 Total liabilities 158,540 126,893 Net assets (liabilities) ( 9,978 ) 8,535 The operating results of the Company's discontinued operations for the three and nine months ended September 30, 2024 and 2023 are as follows (unaudited): Three Months Ended Nine Months Ended 2024 2023 2024 2023 Revenue $ 8,615 $ 7,165 $ 23,032 $ 20,480 Operating expenses: Cost of revenue 342 161 679 380 Sales and marketing 1,744 1,895 5,178 5,811 Research and development 32 — 32 — General and administrative 4,008 2,818 9,481 8,667 Amortization — 170 — 680 Total operating expenses 6,126 5,044 15,370 15,538 Income from operations 2,489 2,121 7,662 4,942 Other (expense) income, net ( 1,698 ) 96 ( 4,689 ) 321 Income from discontinued operations before provision for income taxes 791 2,217 2,973 5,263 Provision for income taxes 26 26 76 51 Net income from discontinued operations $ 765 $ 2,191 $ 2,897 $ 5,212 The significant operating and investing cash and noncash items of the discontinued operations included in the condensed consolidated statements of cash flows for the nine months ended September 30, 2024 and 2023 were as follows (unaudited): Nine Months Ended 2024 2023 Net cash flows provided by (used in) operating activities 1,868 ( 28,614 ) Net cash flows used in investing activities ( 202 ) ( 330 ) Net cash flows used in financing activities — —
Broadbean Acquisition [Member]
Summary of Allocation of Acquisition & Merger Consideration	The following table summarizes the fair value of the Broadbean Acquisition Consideration: Broadbean Acquisition Consideration Amount Cash consideration at closing $ 53,301 The allocation of the Broadbean Acquisition Consideration to tangible and intangible assets acquired and liabilities assumed is based on estimated fair values and is as follows: Allocation of Broadbean Acquisition Consideration** Amount Cash and cash equivalents $ 3,033 Accounts receivable, net 7,817 Prepaid expenses and other current assets 1,007 Property, equipment and improvements, net 343 Intangible assets 27,500 Other assets 3,486 Total assets acquired 43,186 Accounts payable 1,107 Deferred revenue 10,029 Other accrued liabilities 5,054 Other non-current liabilities 6,618 Total liabilities assumed 22,808 Identifiable net assets acquired 20,378 Goodwill 32,923 Total purchase consideration $ 53,301 **The excess of the total consideration over the tangible assets, identifiable intangible assets, and assumed liabilities is recorded as goodwill. Goodwill is primarily attributable to opportunities to cross-sell into our Commercial Enterprise customer base and to the assembled workforce. Tax deductible goodwill generated from the acquisition is $ 3,728 .
Summary of Valuation of Intangible Assets	The valuation of the intangible assets acquired, along with their estimated useful lives, is as follows: Estimated Estimated Useful Lives (in years) Customer relationships $ 17,200 5 Developed technology 10,300 4 Total intangible assets $ 27,500
Summary of Unaudited Proforma Information	The unaudited pro forma financial information is as follows: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Net revenue $ 21,993 $ 27,968 $ 70,204 $ 87,946 Loss from continuing operations before provision for income taxes ( 25,086 ) ( 27,735 ) ( 75,785 ) ( 77,149 ) Net loss ( 22,511 ) ( 26,732 ) ( 72,072 ) ( 73,855 )

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Scheduled Principal Payments on Term Loan	The scheduled principal payments on the Term Loan as of September 30, 2024 are as follows: Remainder of 2024 $ 1,938 2025 7,750 2026 7,750 2027 56,188 Total 73,626

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss Per Common Share	The following table presents the computation of basic and diluted net loss per share: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Numerator Net loss from continuing operations $ ( 22,511 ) $ ( 26,732 ) $ ( 72,072 ) $ ( 76,012 ) Net income from discontinued operations 765 2,191 2,897 5,212 Net loss $ ( 21,746 ) $ ( 24,541 ) $ ( 69,175 ) $ ( 70,800 ) Denominator Weighted-average common shares outstanding 38,086,765 36,991,650 37,752,562 36,810,878 Less: Weighted-average shares subject to repurchase — — — — Denominator for basic and diluted net (loss) income per share 38,086,765 36,991,650 37,752,562 36,810,878 Basic and diluted net loss per share from continuing operations $ ( 0.59 ) $ ( 0.72 ) $ ( 1.91 ) $ ( 2.06 ) Basic and diluted net income per share from discontinued operations 0.02 0.06 0.08 0.14 Basic and diluted net loss per share $ ( 0.57 ) $ ( 0.66 ) $ ( 1.83 ) $ ( 1.92 )
Effect of Anti-dilutive Securities	The table below presents the weighted-average securities (in common equivalent shares) outstanding during the periods presented that have been excluded from the calculation of diluted net loss per share because their effect would be anti-dilutive: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Common stock options, restricted stock units and performance stock units 10,555,192 11,058,562 10,729,798 10,909,888 Warrants to purchase common stock 2,654,628 496,612 2,820,462 496,612 Common stock issuable in connection with convertible senior notes 2,482,621 3,842,961 2,482,621 3,842,961 15,692,441 15,398,135 16,032,881 15,249,461

Financial Instruments (Tables)

Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
Schedule of Cash and Cash Equivalents	The Company’s money market funds are categorized as Level 1 within the fair value hierarchy. As of September 30, 2024, the Company’s cash and cash equivalents were as follows: Gross Cash and Unrealized Fair Cash Cost Losses Value Equivalents Cash from continuing operations $ 11,422 $ — $ 11,422 $ 11,422 Cash from discontinued operations 34,496 — 34,496 34,496 Total $ 45,918 $ — $ 45,918 $ 45,918 As of December 31, 2023, the Company’s cash and cash equivalents balances were as follows: Gross Cash and Unrealized Fair Cash Cost Losses Value Equivalents Cash from continuing operations $ 46,609 $ — $ 46,609 $ 46,609 Cash from discontinued operations 32,830 — 32,830 32,830 Total $ 79,439 $ — $ 79,439 $ 79,439
Schedule of Contingent Consideration Liabilities Current and Non-current Balances	As of December 31, 2023, the Company’s contingent consideration liabilities current and non-current balances were as follows: Fair Value as of Changes in Amount Paid Fair Value as of January 1, 2023 Fair Value To Date December 31, 2023 Level 3: Contingent consideration, current $ 8,067 $ 1,651 $ ( 8,718 ) $ 1,000 Contingent consideration, non-current — 633 — 633 Total $ 8,067 $ 2,284 $ ( 8,718 ) $ 1,633

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Carrying Amount of Goodwill	The carrying amount of goodwill was $ 53,110 as of September 30, 2024 and $ 53,529 as of December 31, 2023. Goodwill Balance at December 31, 2023 $ 53,529 Foreign currency translation ( 419 ) Balance at September 30, 2024 $ 53,110
Summary of Finite-Lived Intangible Assets Resulting from Business Acquisitions and Other Purchases	The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which continue to be amortized: September 30, December 31, Weighted Gross Accumulated Net Gross Accumulated Net Software and technology 0.0 $ 3,582 $ ( 3,582 ) $ — $ 3,582 $ ( 3,582 ) $ — Licensed technology 0.0 500 ( 500 ) — 500 ( 500 ) — Developed technology 1.1 44,100 ( 31,318 ) 12,782 44,100 ( 24,601 ) 19,499 Customer and supplier relationships 3.3 99,000 ( 47,226 ) 51,774 99,000 ( 36,323 ) 62,677 Noncompete agreements 0.0 800 ( 800 ) — 800 ( 800 ) — Trademarks and trade names 2.3 2,300 ( 1,368 ) 932 2,300 ( 1,053 ) 1,247 Total 2.8 $ 150,282 $ ( 84,794 ) $ 65,488 $ 150,282 $ ( 66,859 ) $ 83,423
Summary of Future Amortization of Finite-Lived Intangible Assets	The following table presents future amortization of the Company’s finite-lived intangible assets as of September 30, 2024: 2024 (three months) $ 6,018 2025 21,427 2026 16,569 2027 13,541 2028 7,870 Thereafter 63 Total $ 65,488

Consolidated Financial Statem_2

Consolidated Financial Statements Details (Tables)	9 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Accounts Receivable, Net	Accounts receivable consisted of the following: As of September 30, December 31, Accounts receivable — Managed Services (1) $ 9,018 $ 3,436 Accounts receivable — Software Products & Services (2) 23,177 29,290 Accounts receivable — Other 2,750 2,349 34,945 35,075 Less: allowance for expected credit losses ( 1,086 ) ( 1,180 ) Accounts receivable, net $ 33,859 $ 33,895 (1) Accounts receivable – Managed Services reflects the amounts due from the Company’s representation services and licensing customers. (2) Accounts receivable – Software Products & Services reflects the amounts due from the Company’s Veritone Hire solutions customers.
Summary of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following: As of September 30, December 31, Prepaid assets $ 5,092 $ 5,513 Other receivables 327 1,664 Other current assets 743 687 Prepaid expenses and other current assets $ 6,162 $ 7,864
Summary of Other Assets	Other assets consisted of the following: As of September 30, December 31, Investments 2,990 4,771 Other non-current assets 4,032 4,393 Other assets $ 7,022 $ 9,164
Summary of Property Equipment and Improvements, Net	Property, equipment and improvements, net consisted of the following: As of September 30, December 31, Property and equipment $ 6,351 $ 6,076 Internal use software development costs placed in service 11,518 8,058 Leasehold improvements 1,694 1,639 19,563 15,773 Less: accumulated depreciation ( 9,699 ) ( 7,694 ) Property, equipment and improvements, net $ 9,864 $ 8,079
Summary of Accounts Payable	Accounts payable consisted of the following: As of September 30, December 31, Accounts payable — Veritone Hire $ 4,591 $ 9,220 Accounts payable — Other 4,765 7,400 Accounts payable $ 9,356 $ 16,620
Summary of Other Accrued Liabilities	Other accrued liabilities consisted of the following: As of September 30, December 31, Accrued compensation $ 4,507 $ 4,052 Taxes payable 6,019 5,450 Current portion of operating lease liabilities 1,236 2,348 Accrued trade payables 13,585 13,504 Other 1,040 1,139 Other accrued liabilities $ 26,387 $ 26,493
Summary of Deferred Revenue	Deferred revenue was comprised of the following: Three Months Ended Nine Months Ended 2024 2024 Deferred revenue beginning balance $ 13,466 $ 12,813 Less: revenue recognized 9,183 10,780 Additions to deferred revenue 8,553 10,803 Ending balance of deferred revenue $ 12,836 $ 12,836
Summary of Revenue	Revenue for the periods presented were comprised of the following: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Commercial Enterprise $ 20,397 $ 26,492 $ 65,968 $ 68,411 Public Sector 1,596 1,476 4,236 4,472 Total revenue $ 21,993 $ 27,968 $ 70,204 $ 72,883
Summary of Presentation of Revenues	The table below illustrates the presentation of our revenues based on the above definitions: Three Months Ended September 30, 2024 2023 Commercial Public Commercial Public Enterprise Sector Total Enterprise Sector Total Total Software Products & Services $ 13,098 $ 1,596 $ 14,694 $ 18,885 $ 1,476 $ 20,361 Managed Services Representation Services 2,730 — 2,730 2,828 — 2,828 Licensing 4,569 — 4,569 4,779 — 4,779 Total Managed Services 7,299 — 7,299 7,607 — 7,607 Total Revenue $ 20,397 $ 1,596 $ 21,993 $ 26,492 $ 1,476 $ 27,968 Nine Months Ended September 30, 2024 2023 Commercial Public Commercial Public Enterprise Sector Total Enterprise Sector Total Total Software Products & Services $ 41,310 $ 4,236 $ 45,546 $ 44,109 $ 4,472 $ 48,581 Managed Services Representation Services 9,763 — 9,763 8,465 — 8,465 Licensing 14,895 — 14,895 15,837 — 15,837 Total Managed Services 24,658 — 24,658 24,302 — 24,302 Total Revenue $ 65,968 $ 4,236 $ 70,204 $ 68,411 $ 4,472 $ 72,883 With the June 2023 acquisition of Broadbean, the Company expanded its customer base throughout Europe and Asia Pacific. During the three and nine months ended September 30, 2024 , 28.9 % and 28.4 %, respectively, of the Company’s consolidated revenue was from customers outside of the U.S., principally from customers located throughout Western Europe, as compared to 23.5 % and 10.8 % during the three and nine months ended September 30, 2023, respectively.
Schedule of Other Income (Expense), Net	Other income (expense), net for the periods presented was comprised of the following: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Interest expense, net $ ( 2,987 ) $ ( 314 ) $ ( 8,485 ) $ ( 2,064 ) Gain (loss) on sale — — ( 172 ) 2,572 Other 393 ( 2,238 ) 39 580 Other income (expense), net $ ( 2,594 ) $ ( 2,552 ) $ ( 8,618 ) $ 1,088

Leases, Commitments and Conti_2

Leases, Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2024
Leases Commitments And Contingencies [Abstract]
Summary of Future Minimum Lease Payments	Future undiscounted lease payments for the Company’s operating lease liabilities, a reconciliation of these payments to its operating lease liabilities, and related sublease income at September 30, 2024 are as follows: Years ended December 31, 2024 (three months) $ 728 2025 753 2026 206 Total future minimum lease payments, including short-term leases 1,687 Less: future minimum lease payments for short-term leases ( 9 ) Less: imputed interest ( 134 ) Present value of future minimum lease payments, excluding short-term leases $ 1,544 Less: current portion of operating lease liabilities ( 1,236 ) Non-current portion of operating lease liabilities 308 Years ended December 31, Sublease Income 2024 (three months) 310 Total sublease income $ 310

Stock Plans (Tables)

Stock Plans (Tables)	9 Months Ended
	Sep. 30, 2024
Schedule of Stock-based Compensation Expense	The Company’s stock-based compensation expense by type of award and by operating expense grouping are presented below: Three Months Ended Nine Months Ended 2024 2023 2024 2023 Stock-based compensation expense by type of award: Restricted stock units $ 1,415 $ 1,084 $ 3,989 $ 4,476 Performance-based stock units — 112 ( 352 ) 582 Stock options 464 759 1,592 2,811 Employee stock purchase plan 302 77 699 777 Total stock-based compensation expense $ 2,181 $ 2,032 $ 5,928 $ 8,646 Stock-based compensation expense by operating expense grouping: Cost of revenue $ — $ ( 5 ) $ ( 1 ) $ 32 Sales and marketing 271 208 753 913 Research and development 439 953 1,067 3,622 General and administrative 1,471 876 4,109 4,079 Total stock-based compensation expense 2,181 2,032 5,928 8,646 Less stock-based compensation expense from discontinued operations 82 79 237 443 Stock-based compensation expense from continuing operations $ 2,099 $ 1,953 $ 5,691 $ 8,203
Schedule of Performance Stock Unit Activity	The Company’s performance stock unit activity for the nine months ended September 30, 2024 was as follows: Weighted Average Grant Shares Date Fair Value Unvested at December 31, 2023 229,633 $ 5.86 Granted 248,000 $ 6.97 Forfeited ( 229,633 ) $ 5.86 Unvested at September 30, 2024 248,000 $ 6.97
Schedule of Restricted Stock Unit Activity	The Company’s restricted stock unit activity for the nine months ended September 30, 2024 was as follows: Weighted Average Grant Shares Date Fair Value Unvested at December 31, 2023 1,949,514 $ 5.40 Granted 820,865 $ 5.59 Forfeited ( 337,272 ) $ 6.54 Vested ( 647,373 ) $ 6.94 Unvested at September 30, 2024 1,785,734 $ 4.67
Schedule of Stock Option Activity	The activity during the nine months ended September 30, 2024 related to all other stock options was as follows: Weighted-Average Remaining Aggregate Exercise Contractual Intrinsic Options Price Term Value Outstanding at December 31, 2023 5,506,374 $ 13.81 Exercised ( 53,521 ) $ 2.07 Forfeited ( 229,210 ) $ 11.63 Expired ( 292,720 ) $ 14.39 Outstanding at September 30, 2024 4,930,923 $ 14.00 3.5 years $ 338 Exercisable at September 30, 2024 4,667,656 $ 14.13 3.3 years $ 338
Employee Stock Purchase Plan [Member]
Summary of Fair Value Assumptions of Stock Purchase Plan	The assumptions used in calculating the fair values of purchase rights granted under the ESPP during the nine months ended September 30, 2024 and 2023 are set forth in the table below: Nine Months Ended 2024 2023 Expected term (in years) 0.5 - 2.0 0.5 - 2.0 Expected volatility 106 % - 139 % 71 % - 101 % Risk-free interest rate 4.6 % - 5.2 % 0.1 % - 5.5 %
Stock Options [Member]
Schedule of Fair Value Assumptions	The assumptions used to compute the grant date fair values of the stock options granted during the nine months ended September 30, 2024 and 2023 are set forth in the table below: Nine Months Ended 2024 2023 Expected term (in years) N/A 6.0 - 6.8 Expected volatility N/A 91 % - 100 % Risk-free interest rate N/A 3.6 % - 4.1 %
Performance-based Stock Options [Member]
Schedule of Stock Option Activity	The activity during the nine months ended September 30, 2024 related to stock options that are subject to performance-based vesting conditions tied to the achievement of stock price goals by the Company was as follows: Weighted-Average Remaining Aggregate Exercise Contractual Intrinsic Options Price Term Value Unvested at December 31, 2023 3,671,310 $ 11.29 Expired ( 48,486 ) $ 5.94 Outstanding at September 30, 2024 3,622,824 $ 11.36 5.7 years $ — Exercisable at September 30, 2024 3,622,824 $ 11.36 5.7 years $ —

Presentation and Summary of S_3

Presentation and Summary of Significant Accounting Policies - Additional Information (Details)		3 Months Ended		9 Months Ended		12 Months Ended
	Oct. 17, 2024 USD ($)	Sep. 30, 2024 USD ($) Customer	Sep. 30, 2023 USD ($) Customer	Sep. 30, 2024 USD ($) Segment Customer	Sep. 30, 2023 USD ($) Customer	Dec. 31, 2023 USD ($) Customer
Significant Accounting Policies [Line Items]
Positive (negative) cash flows from operations				$ (24,223,000)	$ (48,111,000)	$ (76,421,000)
Positive (negative) cash flows from investing activities				(3,334,000)	(53,745,000)
Positive (negative) cash flows from financing activities				(5,895,000)	(10,487,000)
Net loss		$ 21,746,000	$ 24,541,000	69,175,000	$ 70,800,000	58,625,000
Accumulated deficit		499,071,000		499,071,000		$ 429,896,000
Working capital deficit		83,872,000		83,872,000
Repayment of term loan				3,875,000
Revenue recognized		9,183,000		10,780,000
Transaction price remaining performance obligations		$ 36,488,000		$ 36,488,000
Transaction price remaining performance obligations percentage		55%		55%
Number of reportable segment | Segment				1
Veritone One [Member]
Significant Accounting Policies [Line Items]
Settlement and release period description				With respect to the escrowed amounts, $1,500 is expected to be settled and may be released within 90 to 120 days after the Divestiture Closing Date, $3,650 is expected to settle and may be released 12 months after the Divestiture Closing Date, and $1,500 is expected to settle and may be released 24 months after the Divestiture Closing Date.
Earnout payment description				The Earnout, if applicable, is anticipated to be payable in part no later than March 2, 2026, with the remainder, if applicable, payable in the second quarter of 2026.
Subsequent Event [Member]
Significant Accounting Policies [Line Items]
Repayment of term loan	$ 30,512,000
Accrued interest and prepayment premiums	3,303,000
Subsequent Event [Member] | Veritone One [Member]
Significant Accounting Policies [Line Items]
Total consideration	104,000,000
Earnout payments	18,000,000
Proceeds from transaction	59,053,000
Cash held in escrow	6,650,000
Purchase price adjustments	20,297,000
Amount placed in escrow account for potential purchase price adjustments	1,500,000
Amount placed in escrow accounts for potential satisfaction of post-closing indemnification claims	5,150,000
Repayment of term loan	30,512,000
Accrued interest and prepayment premiums	3,303,000
Deal related expense	3,875,000
Cash on hand	27,289,000
Escrow amounts expected to be settled and released within 90 to 120 days after divestiture closing date	1,500,000
Escrow amounts expected to be settled and released 12 months after divestiture closing date	3,650,000
Escrow amounts expected to be settled and released 24 months after divestiture closing date	$ 1,500,000
Purchase consideration period	2 years
Maximum [Member] | Subsequent Event [Member] | Veritone One [Member]
Significant Accounting Policies [Line Items]
Total consideration	$ 104,000,000
Expected additional cash proceeds receivable as earnout on achievement of net revenue targets	18,000,000
Expected consideration from divestiture in form of cash held in escrow and earnout	$ 24,650,000
Sales Revenue [Member] | Customer Concentration Risk [Member] | Significant Customer [Member]
Significant Accounting Policies [Line Items]
Number of major customers | Customer		0	0	0	1
Concentration risk percentage		10%	10%	10%	10%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Significant Customer [Member]
Significant Accounting Policies [Line Items]
Number of major customers | Customer				0		0
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Advertising Customers [Member] | Significant Customer [Member]
Significant Accounting Policies [Line Items]
Concentration risk percentage				10%		10%

Presentation and Summary of S_4

Presentation and Summary of Significant Accounting Policies - Additional Information (Details 1)	Sep. 30, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-10-01
Significant Accounting Policies [Line Items]
Expected Recognition of revenue over remaining contract terms	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2025-10-01
Significant Accounting Policies [Line Items]
Expected Recognition of revenue over remaining contract terms	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2026-10-01
Significant Accounting Policies [Line Items]
Expected Recognition of revenue over remaining contract terms	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2027-10-01
Significant Accounting Policies [Line Items]
Expected Recognition of revenue over remaining contract terms	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2028-10-01
Significant Accounting Policies [Line Items]
Expected Recognition of revenue over remaining contract terms	1 year

Discontinued Operations, Busi_3

Discontinued Operations, Business Combinations and Divestiture - Schedule of Major Classes of Assets and Liabilities of Discontinued Operations (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets of discontinued operations
Cash and cash equivalents	$ 34,496	$ 32,830
Accounts receivable, net	34,167	38,415
Expenditures billable to clients	37,158	19,608
Prepaid expenses and other current assets	8,151	6,593
Total current assets	113,972	97,446
Property, equipment and improvements, net	533	577
Goodwill	26,718	26,718
Other assets	7,339	10,687
Total assets	148,562	135,428
Liabilities of discontinued operations
Accounts payable	15,321	16,272
Accrued media payments	107,149	94,584
Client advances	34,937	15,240
Other accrued liabilities	1,133	797
Total current liabilities	158,540	126,893
Total liabilities	158,540	126,893
Net assets (liabilities)	$ (9,978)	$ 8,535

Discontinued Operations, Busi_4

Discontinued Operations, Business Combinations and Divestiture - Additional Information (Detail) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended			9 Months Ended		12 Months Ended
	Jun. 13, 2023	Apr. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Due to divestiture			$ 29,105			$ 29,105
Intercompany settlement amount						20,297
Revenue			8,615	$ 7,165		23,032	$ 20,480
Accounts receivable, net			34,167			34,167		$ 38,415
Accounts receivable from continuing operations and accrued media from discontinued operations			$ 2,588			2,588		3,239
Depreciation and amortization						245	837
Interest expense (income) to discontinued operations						4,689	(321)
Stock based compensation expense from discontinued operations						$ 237	$ 443
GridBeyond Limited [Member]
Business Acquisition [Line Items]
Cash proceeds from sale of interest		$ 1,800
Loss on sale of interest		(172)
Foreign exchange loss		(49)
Broadbean Acquisition [Member]
Business Acquisition [Line Items]
Cash payment	$ 53,301
Tax deductible goodwill, acquisition	3,728
Deferred tax liability	3,741
Goodwill deductible for tax purposes	$ 3,728
Broadbean Acquisition [Member] | Maximum [Member]
Business Acquisition [Line Items]
Estimated useful lives	5 years
Broadbean Acquisition [Member] | Minimum [Member]
Business Acquisition [Line Items]
Estimated useful lives	4 years
Energy Divestiture [Member]
Business Acquisition [Line Items]
Disposal group including discontinued operation consideration					$ 549
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]					Nonoperating Income (Expense)
Pre-tax Gain					$ 2,572
Energy Divestiture [Member] | GridBeyond Limited [Member]
Business Acquisition [Line Items]
Cash proceeds from sale of interest		1,800
Loss on sale of interest		(172)
Foreign exchange loss		$ (49)
Energy Divestiture [Member] | Series B Preferred Stock [Member]
Business Acquisition [Line Items]
Number of shares received from divestiture of business					4,160,644
Disposal group including discontinued operation consideration					$ 2,021
Stock Purchase Agreement [Member] | Broadbean Acquisition [Member]
Business Acquisition [Line Items]
Business acquisition, effective date of acquisition	Jun. 13, 2023
Business acquisition, percentage of ownership interests acquired	100%
Business acquisition, name of acquired entity	Broadbean Technology Pty Ltd
Total consideration	$ 53,301
Cash payment	$ 53,301
Acquisition related expenses								$ 4,214

Discontinued Operations, Busi_5

Discontinued Operations, Business Combinations and Divestiture - Schedule of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue	$ 8,615	$ 7,165	$ 23,032	$ 20,480
Operating expenses:
Cost of revenue	342	161	679	380
Sales and marketing	1,744	1,895	5,178	5,811
Research and development	32		32
General and administrative	4,008	2,818	9,481	8,667
Amortization		170		680
Total operating expenses	6,126	5,044	15,370	15,538
Income from operations	2,489	2,121	7,662	4,942
Other (expense) income, net	(1,698)	96	(4,689)	321
Income from discontinued operations before provision for income taxes	791	2,217	2,973	5,263
Provision for income taxes	26	26	76	51
Net income from discontinued operations	$ 765	$ 2,191	$ 2,897	$ 5,212

Discontinued Operations, Busi_6

Discontinued Operations, Business Combinations and Divestiture - Schedule of Operating and Investing Cash and Noncash Items of the Discontinued Operations (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Discontinued Operation, Alternative Cash Flow Information [Abstract]
Net cash flows provided by (used in) operating activities	$ 1,868	$ (28,614)
Net cash flows used in investing activities	$ (202)	$ (330)

Discontinued Operations, Busi_7

Discontinued Operations, Business Combinations and Divestiture - Summary of Fair Value of Acquisition Consideration (Details) $ in Thousands	Jun. 13, 2023 USD ($)
Broadbean Acquisition [Member]
Business Acquisition [Line Items]
Cash consideration at closing	$ 53,301

Discontinued Operations, Busi_8

Discontinued Operations, Business Combinations and Divestiture - Summary of Allocation of Acquisition Consideration (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Jun. 13, 2023
Business Acquisition [Line Items]
Goodwill	$ 53,110	$ 53,529
Broadbean Acquisition [Member]
Business Acquisition [Line Items]
Cash			$ 3,033
Accounts receivable, net			7,817
Prepaid and other current assets			1,007
Property, equipment and improvements, net			343
Intangible assets			27,500
Other assets			3,486
Total assets acquired			43,186
Accounts payable			1,107
Deferred revenue			10,029
Other accrued liabilities			5,054
Other non-current liabilities			6,618
Total liabilities assumed			22,808
Identifiable net assets acquired			20,378
Goodwill			32,923
Total purchase consideration			$ 53,301

Discontinued Operations, Busi_9

Discontinued Operations, Business Combinations and Divestiture - Summary of Valuation of Intangible Assets (Details) - Broadbean Acquisition [Member] $ in Thousands	Jun. 13, 2023 USD ($)
Business Acquisition [Line Items]
Total intangible assets	$ 27,500
Minimum [Member]
Business Acquisition [Line Items]
Estimated useful lives	4 years
Maximum [Member]
Business Acquisition [Line Items]
Estimated useful lives	5 years
Customer Relationships [Member]
Business Acquisition [Line Items]
Total intangible assets	$ 17,200
Estimated useful lives	5 years
Developed Technology [Member]
Business Acquisition [Line Items]
Total intangible assets	$ 10,300
Estimated useful lives	4 years

Discontinued Operations, Bus_10

Discontinued Operations, Business Combinations and Divestiture - Summary of Unaudited Proforma Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Business Combinations [Abstract]
Net revenue	$ 21,993	$ 27,968	$ 70,204	$ 87,946
Loss from continuing operations before provision for income taxes	(25,086)	(27,735)	(75,785)	(77,149)
Net loss	$ (22,511)	$ (26,732)	$ (72,072)	$ (73,855)

Debt - Additional Information (

Debt - Additional Information (Detail)

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Oct. 22, 2024 USD ($)

Oct. 17, 2024 USD ($)

Dec. 13, 2023 USD ($) $ / shares shares

Aug. 31, 2023 USD ($)

Nov. 30, 2021 USD ($) Days $ / shares

Sep. 30, 2024 USD ($) $ / shares

Sep. 30, 2023 USD ($)

Sep. 30, 2024 USD ($) $ / shares shares

Sep. 30, 2023 USD ($)

Dec. 31, 2023 USD ($) $ / shares

Dec. 31, 2022 USD ($)

Nov. 16, 2021 $ / shares

Debt Instrument [Line Items]

Aggregate principal amount

$ 91,250,000

$ 91,250,000

Common stock, par value | $ / shares

$ 0.001

$ 0.001

$ 0.001

Amortization of initial discounts and issuance costs

$ 4,636,000

$ 649,000

Convertible debt, if-converted value in excess of principal

$ 0

Payment for capped call transactions

$ 18,616,000

Initial cap price | $ / shares

48.55

$ 48.55

Premium over last reported sale price, percentage

75%

Sale price of common stock | $ / shares

$ 27.74

Strike price | $ / shares

$ 35.76

$ 35.76

Repayment of term loan

$ 3,875,000

Cash and cash equivalents

$ 11,422,000

$ 11,422,000

$ 46,609,000

Subsequent Event [Member]

Debt Instrument [Line Items]

Repayment of term loan

$ 30,512,000

Accrued interest and prepayment premiums

3,303,000

Senior Secured Term Loan [Member]

Debt Instrument [Line Items]

Aggregate principal amount outstanding

$ 43,114,000

Cash and cash equivalents

27,289,000

Senior Secured Term Loan [Member] | Subsequent Event [Member]

Debt Instrument [Line Items]

Repayment of term loan

30,512,000

$ 30,512,000

Aggregate principal amount outstanding

43,114,000

Cash and cash equivalents

27,289,000

Accrued interest and prepayment premiums

$ 3,303,000

1.75% Convertible Senior Notes Due 2026 [Member]

Debt Instrument [Line Items]

Aggregate principal amount

$ 201,250,000

Debt instrument, interest rate

1.75%

1.75%

1.75%

Additional principal amount

$ 26,250,000

Debt instrument, frequency of periodic payment

semi-annually

Debt instrument, payment terms

is payable semi-annually in arrears on May 15 and November 15 of each year, beginning on May 15, 2022

Debt Instrument, maturity date, description

The Convertible Notes will mature on November 15, 2026, unless earlier converted, redeemed, or repurchased in accordance with the terms of the Convertible Notes.

Debt Instrument, maturity date

Nov. 15, 2026

Number of trading days (whether or not consecutive) | Days

20

Number of consecutive trading days | Days

30

Percentage of conversion price

130%

Debt instrument convertible principal amount

$ 1,000,000

Debt instrument convertible measurement period percentage

98%

Debt instrument, convertible, Date

May 15, 2026

Initial conversion rate

0.0272068

Initial conversion price | $ / shares

$ 36.76

Redemption date

Nov. 20, 2024

Percentage of conversion stock price, Redemption

130%

Debt instrument, Redeemable, Number of trading days | Days

20

Debt instrument, Redeemable, Number of consecutive trading days | Days

30

Redemption price, Percentage of principal amount to be redeemed

100%

Sinking fund

$ 0

Debt instrument repurchase price due to fundamental change

100%

Net proceeds from issuance of notes

$ 194,945,000

Debt issuance costs

$ 6,304,000

6,304,000

Interest expense

$ 543,000

$ 836,000

$ 1,627,000

$ 2,503,000

Effective annual interest rate

2.42%

2.42%

2.42%

2.42%

Estimated fair value of convertible notes

$ 29,890,000

$ 29,890,000

Unwinding of capped calls related to convertible notes repurchase

0

ACS Credit Facility

Debt Instrument [Line Items]

Aggregate principal amount

$ 0

Term Loan Facility [Member]

Debt Instrument [Line Items]

Interest expense

$ 2,443,000

$ 7,402,000

Effective annual interest rate

31.30%

31.30%

Interest expense, including amortization of initial discounts and issuance costs, to discontinued operations

$ 1,698,000

$ 4,931,000

Term Loan Facility [Member] | Senior Secured Term Loan [Member]

Debt Instrument [Line Items]

Aggregate principal amount

$ 77,500,000

Debt instrument, interest rate

3%

Consideration on convertible notes

$ 37,500,000

Debt instrument, percentage of principal amount amortized.

2.50%

Debt instrument, date of first required payment

Jun. 01, 2024

Debt instrument, minimum convertible principal amount required for prepayment in full

$ 30,000,000

Percentage of prepayment premium during second year

14%

Percentage of prepayment premium during third year

7%

Debt instrument, term

4 years

Percentage of prepayment premium in shares of common stock

10%

Gain (Loss) on Extinguishment of Debt

$ 30,000,000

Debt issuance costs

23,807,000

Amortization of initial discounts and issuance costs

$ 1,465,000

$ 4,217,000

Repurchase of debt instrument

50,000,000

Unrestricted cash and cash equivalents required to maintain under covenant

15,000,000

Capitalized issuance costs

$ 3,120,000

Term Loan Facility [Member] | Commitment Letter [Member] | Senior Secured Term Loan [Member]

Debt Instrument [Line Items]

Common stock, par value | $ / shares

$ 0.001

Term Loan Facility [Member] | Credit Parties [Member] | Senior Secured Term Loan [Member]

Debt Instrument [Line Items]

Debt instrument, minimum net cash proceeds required for mandatory prepayments

$ 10,000,000

Term Loan Facility [Member] | Lenders [Member]

Debt Instrument [Line Items]

Shares of common stock purchased for issuance of warrants | shares

2,508,683

Term Loan Facility [Member] | Lenders [Member] | Commitment Letter [Member]

Debt Instrument [Line Items]

Debt Instrument, maturity date

Dec. 12, 2028

Warrent exercise price | $ / shares

$ 2.576

Term Loan Facility [Member] | Lenders [Member] | Minimum [Member]

Debt Instrument [Line Items]

Shares of common stock purchased for issuance of warrants | shares

3,008,540

Term Loan Facility [Member] | Lenders [Member] | Minimum [Member] | Commitment Letter [Member] | Senior Secured Term Loan [Member]

Debt Instrument [Line Items]

Shares of common stock purchased for issuance of warrants | shares

3,008,540

Term Loan Facility [Member] | SOFR [Member] | Senior Secured Term Loan [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

8.50%

Debt Instrument Floor Interest Rate

3%

Alterna Capital Solutions, LLC | ACS Credit Facility | Credit Agreement

Debt Instrument [Line Items]

Credit agreement term

3 years

Maximum borrowing capacity

$ 30,000,000

Line of credit facility collateral

domestic receivables and other assets as determined by ACS.

Credit facility interest rate description

The ACS Credit Facility bore interest at the greater of Prime rate plus 1.0% or 9.5%, and minimum annual interest of $250 if no funds are drawn under the ACS Credit Facility in a given year.

Interest rate

9.50%

Minimum annual interest amount on line of credit

$ 250,000

Early termination penalties

$ 0

Alterna Capital Solutions, LLC | ACS Credit Facility | Credit Agreement | Prime Rate [Member]

Debt Instrument [Line Items]

Interest rate

1%

2022 Repurchase Transaction [Member] | 1.75% Convertible Senior Notes Due 2026 [Member]

Debt Instrument [Line Items]

Unwinding of capped calls related to convertible notes repurchase

$ 276,000

2022 Repurchase Transaction [Member] | 65 % Convertible Notes [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

65%

Repurchase of debt instrument

$ 60,000,000

2023 Repurchase Transaction [Member]

Debt Instrument [Line Items]

Repurchase of debt instrument

$ 50,000,000

2023 Repurchase Transaction [Member] | Seventy Five Persentage Convertible Notes [Member]

Debt Instrument [Line Items]

Debt instrument, interest rate

75%

Debt - Schedule of Scheduled Pr

Debt - Schedule of Scheduled Principal Payments on Term Loan (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Long-Term Debt, Fiscal Year Maturity [Abstract]
Remainder of 2024	$ 1,938
2025	7,750
2026	7,750
2027	56,188
Total	$ 73,626

Net Loss Per Share - Computatio

Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Numerator
Net loss from continuing operations	$ (22,511)	$ (26,732)	$ (72,072)	$ (76,012)
Net income from discontinued operations	765	2,191	2,897	5,212
Net loss	$ (21,746)	$ (24,541)	$ (69,175)	$ (70,800)	$ (58,625)
Denominator
Weighted-average common shares outstanding	38,086,765	36,991,650	37,752,562	36,810,878
Denominator for basic net (loss) income per share	38,086,765	36,991,650	37,752,562	36,810,878
Denominator for diluted net (loss) income per share	38,086,765	36,991,650	37,752,562	36,810,878
Basic net loss per share from continuing operations	$ (0.59)	$ (0.72)	$ (1.91)	$ (2.06)
Diluted net loss per share from continuing operations	(0.59)	(0.72)	(1.91)	(2.06)
Basic net income per share from discontinued operations	0.02	0.06	0.08	0.14
Diluted net income per share from discontinued operations	0.02	0.06	0.08	0.14
Net loss per share, basic	(0.57)	(0.66)	(1.83)	(1.92)
Net loss per share, diluted	$ (0.57)	$ (0.66)	$ (1.83)	$ (1.92)

Net Loss Per Share - Effect of

Net Loss Per Share - Effect of Anti-dilutive Securities (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of Anti-dilutive Securities	15,692,441	15,398,135	16,032,881	15,249,461
Employee Stock Option, Restricted Stock Units and Performance Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of Anti-dilutive Securities	10,555,192	11,058,562	10,729,798	10,909,888
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of Anti-dilutive Securities	2,654,628	496,612	2,820,462	496,612
Common Stock Issuable in Connection with Convertible Senior Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Effect of Anti-dilutive Securities	2,482,621	3,842,961	2,482,621	3,842,961

Financial Instruments - Schedul

Financial Instruments - Schedule of Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale Securities [Line Items]
Total Cash and Debt Securities	$ 45,918	$ 79,439
Total Fair Value, Cash and Debt Securities	45,918	79,439
Cash and cash equivalents	11,422	46,609
Total, cash and cash equivalents	45,918	79,439
Cash from Continuing Operations [Member]
Schedule Of Available For Sale Securities [Line Items]
Cash and cash equivalents	11,422	46,609
Fair Value, Cash	11,422	46,609
Cash from Discontinued Operations [Member]
Schedule Of Available For Sale Securities [Line Items]
Cash and cash equivalents	34,496	32,830
Fair Value, Cash	$ 34,496	$ 32,830

Financial Instruments - Additio

Financial Instruments - Additional Information (Detail) - USD ($)				1 Months Ended			3 Months Ended	9 Months Ended
	Dec. 13, 2023	Mar. 01, 2022	Sep. 14, 2021	Apr. 30, 2024	Jul. 31, 2023	Sep. 30, 2022	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Nov. 16, 2021
Schedule Of Available For Sale Securities [Line Items]
Contingent consideration liabilities							$ 0	$ 0
Common stock, par value							$ 0.001	$ 0.001		$ 0.001
Common stock issued								298,110	0
Contingent consideration, current							$ 983,000	$ 983,000		$ 1,000,000
Sale price of common stock											$ 27.74
Impairment							0	0
GridBeyond [Member]
Schedule Of Available For Sale Securities [Line Items]
Sale of investment in GridBeyond for cash				$ 1,800,000
Loss on sale of investment				(172,000)
Foreign exchange loss				$ (49,000)
Other Noncurrent Assets [Member] | Level 2
Schedule Of Available For Sale Securities [Line Items]
Investment at fair value										2,021,000
Other Noncurrent Assets [Member] | Level 3 [Member]
Schedule Of Available For Sale Securities [Line Items]
Strategic investment							$ 2,750,000	$ 2,750,000		$ 2,750,000
Pandologic Ltd [Member]
Schedule Of Available For Sale Securities [Line Items]
Business acquisition, effective date of acquisition			Sep. 14, 2021
Business acquisition, percentage of ownership interests acquired			100%
Business acquisition, name of acquired entity			PandoLogic, Ltd. (“PandoLogic”)
Business acquisition, date of acquisition agreement			Jul. 21, 2021
March 2022 Acquisition [Member]
Schedule Of Available For Sale Securities [Line Items]
Contingent compensation					$ 3,500,000
Business acquisition, effective date of acquisition		Mar. 01, 2022
Business acquisition, percentage of ownership interests acquired		100%
Stock Consideration [Member] | PandoLogic Merger Agreement [Member]
Schedule Of Available For Sale Securities [Line Items]
Sale price of common stock										$ 20.53
Term Loan Facility [Member] | Lenders [Member]
Schedule Of Available For Sale Securities [Line Items]
Shares of common stock purchased for issuance of warrants								2,508,683
Warrants net settled							0	499,857
Common stock issued							0	298,110
Minimum [Member]
Schedule Of Available For Sale Securities [Line Items]
Contingent consideration						$ 10,825,000
Minimum [Member] | Term Loan Facility [Member] | Lenders [Member]
Schedule Of Available For Sale Securities [Line Items]
Shares of common stock purchased for issuance of warrants	3,008,540
Maximum [Member] | Pandologic Ltd [Member]
Schedule Of Available For Sale Securities [Line Items]
Contingent consideration, current			$ 65,000,000
Maximum [Member] | March 2022 Acquisition [Member]
Schedule Of Available For Sale Securities [Line Items]
Contingent consideration		$ 4,500,000

Financial Instruments - Sched_2

Financial Instruments - Schedule of Contingent Consideration Liabilities Current and Non-current Balances (Details) - Level 3 [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Contingent Consideration Liabilities [Line Items]
Fair Value beginning balance	$ 8,067
Changes in Fair Value	2,284
Amount Paid To Date	(8,718)
Fair Value ending balance	1,633
Contingent Consideration, Current [Member]
Contingent Consideration Liabilities [Line Items]
Fair Value beginning balance	8,067
Changes in Fair Value	1,651
Amount Paid To Date	(8,718)
Fair Value ending balance	1,000
Contingent Consideration, Noncurrent [Member]
Contingent Consideration Liabilities [Line Items]
Changes in Fair Value	633
Fair Value ending balance	$ 633

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying amount of goodwill	$ 53,110	$ 53,529
Goodwill allocated to continuing operations	53,110	53,529
Goodwill allocated to discontinued operations	$ 26,718	$ 26,718

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Schedule of Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Finite Lived Intangible Assets [Line Items]
Goodwill, Beginning Balance	$ 53,529
Foreign currency translation	(419)
Goodwill, Ending Balance	$ 53,110

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Summary of Finite-Lived Intangible Assets Resulting from Business Acquisitions and Other Purchases (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (in years)	2 years 9 months 18 days
Gross Carrying Amount	$ 150,282	$ 150,282
Accumulated Amortization	(84,794)	(66,859)
Net Carrying Amount	$ 65,488	83,423
Software and Technology [Member]
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (in years)	0 years
Gross Carrying Amount	$ 3,582	3,582
Accumulated Amortization	$ (3,582)	(3,582)
Licensed Technology [Member]
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (in years)	0 years
Gross Carrying Amount	$ 500	500
Accumulated Amortization	$ (500)	(500)
Developed Technology [Member]
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (in years)	1 year 1 month 6 days
Gross Carrying Amount	$ 44,100	44,100
Accumulated Amortization	(31,318)	(24,601)
Net Carrying Amount	$ 12,782	19,499
Customer and Supplier Relationships [Member]
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (in years)	3 years 3 months 18 days
Gross Carrying Amount	$ 99,000	99,000
Accumulated Amortization	(47,226)	(36,323)
Net Carrying Amount	$ 51,774	62,677
Noncompete Agreements [Member]
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (in years)	0 years
Gross Carrying Amount	$ 800	800
Accumulated Amortization	$ (800)	(800)
Trademarks and Trade Names [Member]
Finite Lived Intangible Assets [Line Items]
Weighted Average Remaining Useful Life (in years)	2 years 3 months 18 days
Gross Carrying Amount	$ 2,300	2,300
Accumulated Amortization	(1,368)	(1,053)
Net Carrying Amount	$ 932	$ 1,247

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets, Net - Summary of Future Amortization of Finite-Lived Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024 (three months)	$ 6,018
2025	21,427
2026	16,569
2027	13,541
2028	7,870
Thereafter	63
Net Carrying Amount	$ 65,488	$ 83,423

Consolidated Financial Statem_3

Consolidated Financial Statements Details - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Condensed Financial Statements, Captions [Line Items]
Cash and cash equivalents	$ 11,422		$ 11,422		$ 46,609
Depreciation Expense	1,127	$ 1,168	3,448	$ 2,230
Property and equipment	6,351	6,351	6,351	6,351	6,076
Property and equipment, work in progress not yet placed in service	2,215		2,215
Depreciation of internal use software development cost	$ 1,684	$ 520	$ 3,123	$ 1,144
Effective tax rate	10.30%	0.60%	4.90%	3.40%
Percentage of consolidated revenue	28.90%	23.50%		10.80%
Deferred tax liabilities net	$ 4,387		$ 4,387		$ 9,504
Foreign exchange gains (loss)	$ 393	$ (2,294)	$ 29	$ 526
Maximum [Member]
Condensed Financial Statements, Captions [Line Items]
Percentage of consolidated revenue			28.40%

Consolidated Financial Statem_4

Consolidated Financial Statements Details - Summary of Accounts Receivable,Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accounts receivable, gross	$ 34,945	$ 35,075
Less: allowance for expected credit losses	(1,086)	(1,180)
Accounts receivable, net	33,859	33,895
Managed Services [Member]
Accounts receivable, gross	9,018	3,436
Software Products & Services [Member]
Accounts receivable, gross	23,177	29,290
Other [Member]
Accounts receivable, gross	$ 2,750	$ 2,349

Consolidated Financial Statem_5

Consolidated Financial Statements Details - Summary of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Prepaid assets	$ 5,092	$ 5,513
Other receivables	327	1,664
Other current assets	743	687
Prepaid expenses and other current assets	$ 6,162	$ 7,864

Consolidated Financial Statem_6

Consolidated Financial Statements Details - Summary of Other Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Assets, Noncurrent Disclosure [Abstract]
Investments	$ 2,990	$ 4,771
Other non-current assets	4,032	4,393
Other assets	$ 7,022	$ 9,164

Consolidated Financial Statem_7

Consolidated Financial Statements Details - Summary of Property Equipment and Improvements, Net (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Property and equipment	$ 6,351	$ 6,076	$ 6,351
Internal use software development costs placed in service	11,518	8,058
Leasehold improvements	1,694	1,639
Property, equipment and improvements, gross	19,563	15,773
Less: accumulated depreciation	(9,699)	(7,694)
Property, equipment and improvements, net	$ 9,864	$ 8,079

Consolidated Financial Statem_8

Consolidated Financial Statements Details - Accounts Payable (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Accounts payable _ Veritone Hire	$ 13,585	$ 13,504
Accounts payable	9,356	16,620
Accounts payable - Veritone Hire [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Accounts payable _ Veritone Hire	4,591	9,220
Accounts Payable - Other [Member]
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Accounts payable — Other	$ 4,765	$ 7,400

Consolidated Financial Statem_9

Consolidated Financial Statements Details - Summary of Other Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Accrued compensation	$ 4,507	$ 4,052
Taxes payable	6,019	5,450
Current portion of operating lease liabilities	$ 1,236	$ 2,348
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other accrued liabilities	Other accrued liabilities
Accrued trade payables	$ 13,585	$ 13,504
Other	1,040	1,139
Other accrued liabilities	$ 26,387	$ 26,493

Consolidated Financial State_10

Consolidated Financial Statements Details - Summary of Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Contract with Customer, Liability [Abstract]
Deferred revenue beginning balance	$ 13,466	$ 12,813
Less: revenue recognized	9,183	10,780
Additions to deferred revenue	8,553	10,803
Ending balance of deferred revenue	$ 12,836	$ 12,836

Consolidated Financial State_11

Consolidated Financial Statements Details - Summary of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenue	$ 21,993	$ 27,968	$ 70,204	$ 72,883
Commercial Enterprise [Member]
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenue	20,397	26,492	65,968	68,411
Public Sector [Member]
Segment Reporting Revenue Reconciling Item [Line Items]
Total revenue	$ 1,596	$ 1,476	$ 4,236	$ 4,472

Consolidated Financial State_12

Consolidated Financial Statements Details - Summary of Presentation of Revenues (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue Presentation
Revenue	$ 21,993	$ 27,968	$ 70,204	$ 72,883
Commercial Enterprise [Member]
Revenue Presentation
Revenue	20,397	26,492	65,968	68,411
Public Sector [Member]
Revenue Presentation
Revenue	1,596	1,476	4,236	4,472
Software Products & Services [Member]
Revenue Presentation
Revenue	14,694	20,361	45,546	48,581
Software Products & Services [Member] | Commercial Enterprise [Member]
Revenue Presentation
Revenue	13,098	18,885	41,310	44,109
Software Products & Services [Member] | Public Sector [Member]
Revenue Presentation
Revenue	1,596	1,476	4,236	4,472
Advertising [Member] | Commercial Enterprise [Member]
Revenue Presentation
Revenue				8,465
Representation Services [Member]
Revenue Presentation
Revenue	2,730	2,828	9,763	8,465
Representation Services [Member] | Commercial Enterprise [Member]
Revenue Presentation
Revenue	2,730	2,828	9,763
Licensing [Member]
Revenue Presentation
Revenue	4,569	4,779	14,895	15,837
Licensing [Member] | Commercial Enterprise [Member]
Revenue Presentation
Revenue	4,569	4,779	14,895	15,837
Total Managed Services [Member]
Revenue Presentation
Revenue	7,299	7,607	24,658	24,302
Total Managed Services [Member] | Commercial Enterprise [Member]
Revenue Presentation
Revenue	$ 7,299	$ 7,607	$ 24,658	$ 24,302

Consolidated Financial State_13

Consolidated Financial Statements Details - Schedule of Other Income (Expense) , Net (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Income and Expenses [Abstract]
Interest expense, net	$ (2,987)	$ (314)	$ (8,485)	$ (2,064)
Gain (loss) on sale			(172)	2,572
Other	393	(2,238)	39	580
Other income (expense), net	$ (2,594)	$ (2,552)	$ (8,618)	$ 1,088

Leases, Commitments and Conti_3

Leases, Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands				3 Months Ended						9 Months Ended
	Aug. 11, 2022	Jun. 10, 2022	Mar. 01, 2022	Sep. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Other Commitments [Line Items]
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]				Other Assets, Noncurrent		Other Assets, Noncurrent				Other Assets, Noncurrent
Current portion of operating lease liabilities				$ 1,236		$ 2,348				$ 1,236
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]				Other Accrued Liabilities, Current		Other Accrued Liabilities, Current				Other Accrued Liabilities, Current
Non-current portion of operating lease liabilities						$ 308
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]				Other Liabilities, Noncurrent		Other Liabilities, Noncurrent				Other Liabilities, Noncurrent
Operating lease, cash payments				$ 736			$ 820			$ 2,189	$ 2,070
Operating lease, weighted average remaining lease term				1 year 1 month 6 days						1 year 1 month 6 days
Operating lease, weighted average discount rate				8.30%						8.30%
Sublease income				$ 277			277			$ 831	831
March 2022 Acquisition [Member]
Other Commitments [Line Items]
Purchase consideration payment within ten days of first anniversary of acquisition				1,500						1,500
Purchase consideration payment within ten days of second anniversary of acquisition				1,500						1,500
Cash payment					$ 1,500				$ 1,500
Business acquisition, effective date of acquisition			Mar. 01, 2022
VocaliD [Member]
Other Commitments [Line Items]
Cash payment						$ 1,000		$ 1,000
Business acquisition, effective date of acquisition		Jun. 10, 2022
Purchase consideration payments on first anniversary of acquisition				1,000						1,000
Purchase consideration payments on 18-month anniversary of acquisition				1,000						1,000
VSL Acquisition [Member]
Other Commitments [Line Items]
Business acquisition, effective date of acquisition	Aug. 11, 2022
Purchase consideration payments on 18-month anniversary of acquisition					$ 300
Office Sublease [Member]
Other Commitments [Line Items]
Rent expense				542			$ 612			1,827	$ 1,704
Minimum [Member]
Other Commitments [Line Items]
Operating lease right-of-use assets				1,270		1,669				1,270
Current portion of operating lease liabilities				$ 1,236		$ 2,348				$ 1,236

Leases, Commitments and Conti_4

Leases, Commitments and Contingencies - Summary of Future Minimum Lease Payments (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Less: current portion of operating lease liabilities	$ (1,236)	$ (2,348)
Non-current portion of operating lease liabilities		$ 308
Building Lease Agreement [Member]
Other Commitments [Line Items]
2024 (three months)	728
2025	753
2026	206
Total future minimum lease payments, including short-term leases	1,687
Less: future minimum lease payments for short-term leases	(9)
Less: imputed interest	(134)
Present value of future minimum lease payments, excluding short-term leases	1,544
Less: current portion of operating lease liabilities	(1,236)
Non-current portion of operating lease liabilities	308
2024 (three months)	310
Total sublease income	$ 310

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Class of Stock [Line Items]
Common stock issued in connection with warrant exercises	298,110	0
Common Stock [Member] | Pandologic Ltd [Member]
Class of Stock [Line Items]
Business acquisition, shares issued or issuable		135,800
Common Stock and Employee Stock Purchase Plan [Member]
Class of Stock [Line Items]
Shares issued in connection with stock option exercise	724,972	816,690

Stock Plans - Additional Inform

Stock Plans - Additional Information (Detail) - USD ($)					1 Months Ended	3 Months Ended		9 Months Ended
	Apr. 08, 2024	Nov. 15, 2023	Apr. 22, 2023	Jan. 11, 2023	Jan. 31, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Class of Stock [Line Items]
Amount capitalized to internal-use software						$ 87,000	$ 75,000	$ 299,000	$ 289,000
Employee Stock Purchase Plan [Member]
Class of Stock [Line Items]
Common stock were purchased under ESPP								227,773
Accrued employee contributions						107,000		$ 107,000		$ 357,000
Timebased Stock Option [Member]
Class of Stock [Line Items]
Options granted								0	288,893
Restricted Stock Units [Member]
Class of Stock [Line Items]
Unrecognized cost of share-based compensation awards						6,260,000		$ 6,260,000
Cost of share-based compensation awards, recognition period								1 year 8 months 12 days
Common stock vesting								647,373
Performance-based Stock Options [Member]
Class of Stock [Line Items]
Total grant date fair value of stock options granted								$ 0	$ 0
Total grant date fair value of stock options vested								0	0
Aggregate intrinsic value of the options exercised								$ 0	5,000
Performance Stock Units [Member]
Class of Stock [Line Items]
Common stock granted					0
Performance Stock Units [Member] | Steel Holdings Consulting Agreement [Member] | Board of Directors Chairman [Member]
Class of Stock [Line Items]
Common stock granted				118,460
Common stock vesting		39,486	19,743
Performance Stock Units [Member] | Senior Executive PSUs [Member]
Class of Stock [Line Items]
Common stock granted								170,402
Shareholder return performance period	3 years							3 years
Performance period ending date	Dec. 31, 2026							Dec. 31, 2025
Description of performance period	within 90 days of the end of the performance period ending December 31, 2026							within 90 days of the end of the performance period ending December 31, 2025
Performance Stock Units [Member] | Senior Executive PSUs [Member] | Maximum [Member]
Class of Stock [Line Items]
Pecentage of revenue and net income targets increase (decrease)	20%							20%
Performance Stock Units [Member] | Senior Executive PSUs [Member] | Executive Officer [Member] | Minimum [Member]
Class of Stock [Line Items]
Earning percentage of number of shares	0%							0%
Performance Stock Units [Member] | Senior Executive PSUs [Member] | Executive Officer [Member] | Maximum [Member]
Class of Stock [Line Items]
Earning percentage of number of shares	200%							200%
Performance Stock Units [Member] | Senior Executive PSUs [Member] | Ryan Steelberg [Member]
Class of Stock [Line Items]
Common stock granted	200,000
Performance Stock Units [Member] | Senior Executive PSUs [Member] | Michael Zemetra [Member]
Class of Stock [Line Items]
Common stock granted	48,000
Stock Options [Member]
Class of Stock [Line Items]
Options granted								0
Cost of share-based compensation awards, recognition period								1 year 8 months 12 days
Total grant date fair value of stock options vested								$ 2,891,000	4,524,000
Unrecognized compensation expense related to stock options						$ 2,087,000		2,087,000
Aggregate intrinsic value of the options exercised								$ 80,000	$ 12,000
Weighted Average Grant Date Fair Value, Granted									$ 3.99

Stock Plans - Schedule of Fair

Stock Plans - Schedule of Fair Value Assumptions (Detail) - Stock Options [Member]	9 Months Ended
	Sep. 30, 2023
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years
Expected volatility	91%
Risk-free interest rate	3.60%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 years 9 months 18 days
Expected volatility	100%
Risk-free interest rate	4.10%

Stock Plans - Summary of Fair V

Stock Plans - Summary of Fair Value Assumptions of Stock Purchase Plan (Detail) - Employee Stock Purchase Plan [Member]	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 months	6 months
Expected volatility, minimum	106%	71%
Risk-free interest rate, minimum	4.60%	0.10%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years	2 years
Expected volatility, maximum	139%	101%
Risk-free interest rate, maximum	5.20%	5.50%

Stock Plans - Schedule of Stock

Stock Plans - Schedule of Stock-based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 2,181	$ 2,032	$ 5,928	$ 8,646
Discontinued Operations [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	82	79	237	443
Continuing Operations [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	2,099	1,953	5,691	8,203
Cost of Revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense		(5)	(1)	32
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	271	208	753	913
Research and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	439	953	1,067	3,622
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	1,471	876	4,109	4,079
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	1,415	1,084	3,989	4,476
Performance-based Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense		112	(352)	582
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	464	759	1,592	2,811
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation expense	$ 302	$ 77	$ 699	$ 777

Stock Plans - Schedule of Perfo

Stock Plans - Schedule of Performance Stock Unit Activity (Details) - Performance Stock Units [Member]	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares, Unvested, Beginning Balance | shares	229,633
Shares, Granted | shares	248,000
Shares, Forfeited | shares	(229,633)
Shares, Unvested, Ending Balance | shares	248,000
Weighted Average Grant Date Fair Value, Unvested, Beginning Balance | $ / shares	$ 5.86
Weighted Average Grant Date Fair Value, Granted | $ / shares	6.97
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	5.86
Weighted Average Grant Date Fair Value, Unvested, Ending Balance | $ / shares	$ 6.97

Stock Plans - Schedule of Restr

Stock Plans - Schedule of Restricted Stock Unit Activity (Detail) - Restricted Stock Units [Member]	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Unvested, Beginning Balance | shares	1,949,514
Shares, Granted | shares	820,865
Shares, Forfeited | shares	(337,272)
Shares, Vested | shares	(647,373)
Shares, Unvested, Ending Balance | shares	1,785,734
Weighted Average Grant Date Fair Value, Unvested, Beginning Balance | $ / shares	$ 5.4
Weighted Average Grant Date Fair Value, Granted | $ / shares	5.59
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	6.54
Weighted Average Grant Date Fair Value, Vested | $ / shares	6.94
Weighted Average Grant Date Fair Value, Unvested, Ending Balance | $ / shares	$ 4.67

Stock Plans - Schedule of Per_2

Stock Plans - Schedule of Performance-Based Stock Options Activity (Detail) - Performance-based Stock Options [Member]	9 Months Ended
	Sep. 30, 2024 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Unvested, Beginning Balance | shares	3,671,310
Options Expired | shares	(48,486)
Options, Outstanding, Ending Balance | shares	3,622,824
Options Exercisable at June 30, 2024 | shares	3,622,824
Weighted-Average Exercise Price, Unvested, Beginning Balance | $ / shares	$ 11.29
Weighted-Average Exercise Price, Options Expired | $ / shares	5.94
Weighted-Average Exercise Price, Outstanding, Ending Balance | $ / shares	11.36
Weighted-Average Exercise Price, Exercisable | $ / shares	$ 11.36
Weighted-Average Remaining Contractual Term, Outstanding	5 years 8 months 12 days
Weighted-Average Remaining Exercisable	5 years 8 months 12 days

Stock Plans - Schedule of Sto_2

Stock Plans - Schedule of Stock Option Activity (Detail) - Stock Options [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding, Beginning Balance | shares	5,506,374
Options Exercised | shares	(53,521)
Options Forfeited | shares	(229,210)
Options Expired | shares	(292,720)
Options, Outstanding, Ending Balance | shares	4,930,923
Options Exercisable at June 30, 2024 | shares	4,667,656
Weighted-Average Exercise Price, Outstanding, Beginning Balance | $ / shares	$ 13.81
Weighted-Average Exercise Price, Options Exercised | $ / shares	2.07
Weighted-Average Exercise Price, Options Forfeited | $ / shares	11.63
Weighted-Average Exercise Price, Options Expired | $ / shares	14.39
Weighted-Average Exercise Price, Outstanding, Ending Balance | $ / shares	14
Weighted-Average Exercise Price, Exercisable | $ / shares	$ 14.13
Weighted-Average Remaining Contractual Term, Outstanding	3 years 6 months
Weighted-Average Remaining Exercisable	3 years 3 months 18 days
Weighted-Average Aggregate Intrinsic Value | $	$ 338
Weighted-Average Aggregate Intrinsic Value, Exercisable | $	$ 338

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($)			1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 01, 2024	Jan. 24, 2024	Jan. 31, 2024	Sep. 30, 2024	Sep. 30, 2024	Jun. 30, 2024
Performance Stock Units [Member]
Related Party Transaction [Line Items]
Performance stock units issued			0
Maximum [Member]
Related Party Transaction [Line Items]
Total consideration paid						$ 100,000
Steel Holdings, LLC [Member]
Related Party Transaction [Line Items]
Consideration for technical advisory services	$ 1,000,000
Monthly payment for technical advisory services		$ 50,000
Acceleration charge related to technical advisory services				$ 0	$ 1,484,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($)			9 Months Ended
	Oct. 22, 2024	Oct. 17, 2024	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Subsequent Event [Line Items]
Divestiture description			On the Divestiture Closing Date, the Company entered into the Purchase Agreement, by and among the Company, Veritone One and the Purchaser, an affiliate of Insignia Capital Group L.P., pursuant to which, among other things, the Purchaser acquired from the Company all of the issued and outstanding equity of Veritone One for a total purchase price of up to $104,000, subject to purchase price adjustments and the achievement of the Earnout targets described below. The Divestiture was structured as a simultaneous “sign and close” transaction and closed on the Divestiture Closing Date. On the Divestiture Closing Date, the Company received cash proceeds of $59,053, which reflected the aggregate purchase price of $104,000, less $18,000 subject to the Earnout described below, $20,297 of purchase price adjustments, and $6,650 placed in escrow accounts described below. Of the amounts placed in escrow, $1,500 was placed in an escrow account for potential purchase price adjustments and an aggregate of $5,150 was placed in escrow accounts for the potential satisfaction of post-closing indemnification claims (the “Indemnity Escrow”), in each case subject to the terms and limitations set forth in the Purchase Agreement. The Company may receive up to an additional $18,000 in cash proceeds in the Earnout, subject to the achievement of certain net revenue targets by Veritone One between January 1, 2025 and December 31, 2025 (as further described in the Purchase Agreement).The Purchase Agreement contains customary representations, warranties and covenants of each of the parties to the Agreement. The Purchase Agreement also includes indemnification provisions whereby the Company will indemnify the Purchaser and other related indemnified parties for losses arising out of, among other things, inaccuracies in, or breaches of, the representations, warranties and covenants of the Company or Veritone One. The Purchaser and the other related indemnified parties will be able to make post-closing indemnification claims against the Indemnity Escrow, subject to the terms and limitations set forth in the Purchase Agreement. In addition, under the Purchase Agreement, the Company is subject to non-competition and non-solicitation provisions pursuant to which, among other things, the Company agreed not to engage in certain competitive activities with respect to Veritone One’s business or solicit Veritone One employees or customers for a period of four years following the Divestiture.
Cash proceeds received			$ 1,800,000	$ 504,000
Repayment of term loan			3,875,000
Cash and cash equivalents			$ 11,422,000		$ 46,609,000
Term Loan [Member]
Subsequent Event [Line Items]
Aggregate principal amount outstanding	$ 43,114,000
Cash and cash equivalents	27,289,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Repayment of term loan		$ 30,512,000
Accrued interest and prepayment premiums		3,303,000
Subsequent Event [Member] | Term Loan [Member]
Subsequent Event [Line Items]
Repayment of term loan	30,512,000	30,512,000
Accrued interest and prepayment premiums	3,303,000
Aggregate principal amount outstanding	43,114,000
Cash and cash equivalents	$ 27,289,000
Subsequent Event [Member] | Veritone One, LLC [Member]
Subsequent Event [Line Items]
Total consideration		104,000,000
Earnout payments		18,000,000
Purchase price adjustments		20,297,000
Cash held in escrow		6,650,000
Amount placed in escrow account for potential purchase price adjustments		1,500,000
Repayment of term loan		30,512,000
Accrued interest and prepayment premiums		3,303,000
Subsequent Event [Member] | Veritone One, LLC [Member] | Maximum [Member]
Subsequent Event [Line Items]
Total consideration		104,000,000
Expected additional cash proceeds receivable as earnout on achievement of net revenue targets		18,000,000
Subsequent Event [Member] | Veritone One, LLC [Member] | Purchase Agreement [Member]
Subsequent Event [Line Items]
Total consideration		104,000,000
Earnout payments		18,000,000
Purchase price adjustments		20,297,000
Cash held in escrow		6,650,000
Cash proceeds received		59,053,000
Amount placed in escrow account for potential purchase price adjustments		1,500,000
Amount placed in specified escrow accounts for potential satisfaction of post-closing indemnification claims		5,150,000
Subsequent Event [Member] | Veritone One, LLC [Member] | Purchase Agreement [Member] | Maximum [Member]
Subsequent Event [Line Items]
Total purchase price		104,000,000
Expected additional cash proceeds receivable as earnout on achievement of net revenue targets		$ 18,000,000