v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (111,732) $ (37,384)
Less: net income from discontinued operations, net of income taxes 0 (58,948)
Net loss from continuing operations (111,732) (96,332)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities from continuing operations:    
Depreciation and amortization 27,174 28,510
Stock-based compensation 6,686 7,705
Non-cash interest expense 4,456 4,206
Deferred income taxes (1,338) (4,892)
Provision for credit losses 915 1,144
Reduction in carrying amount of operating lease right-of-use assets 886 829
Gain on troubled debt restructuring (3,548) 0
Loss on debt extinguishment 14,443 0
Non-cash barter revenue (1,511) 0
Change in fair value of earnout receivable 7,667 (1,357)
Changes in operating assets and liabilities:    
Accounts receivable (5,686) 948
Prepaid expenses and other current assets 2,323 1,332
Other assets 2,334 180
Accounts payable 5,356 (5,461)
Deferred revenue 234 (757)
Accrued expenses and other current liabilities (1,804) 2,134
Other non-current liabilities (60) 2,504
Net cash used in operating activities from continuing operations (53,205) (59,307)
Net cash provided by operating activities from discontinued operations 0 34,584
Net cash used in operating activities (53,205) (24,723)
Cash flows from investing activities:    
Capital expenditures (4,978) (6,098)
Proceeds from sale of Veritone One, net of cash divested 0 2,850
Sale of non-marketable equity investment 0 1,800
Net cash used in investing activities from continuing operations (4,978) (1,448)
Net cash used in investing activities from discontinued operations 0 (160)
Net cash used in investing activities (4,978) (1,608)
Cash flows from financing activities:    
Repayment of principal on senior secured term loan (41,176) (36,324)
Repayment of principal on convertible debt (38,656) 0
Proceeds from issuance of stock and pre-funded warrants under registered direct offerings and at-the-market offering, net of offering costs 154,700 4,501
Debt issuance and extinguishment costs (5,367) 0
Proceeds from issuance of stock under employee stock plans, net 545 555
Taxes paid related to net share settlement of equity awards (622) (943)
Settlement of deferred consideration for acquisitions 0 (1,800)
Net cash provided by (used in) financing activities from continuing operations 69,424 (34,011)
Net cash used in financing activities from discontinued operations 0 (3,051)
Net cash provided by (used in) financing activities 69,424 (37,062)
Effect of exchange rates on cash, cash equivalents, and restricted cash (844) 405
Net change in cash, cash equivalents, and restricted cash 10,397 (62,988)
Cash, cash equivalents, and restricted cash, beginning of period 17,318 80,306
Cash, cash equivalents, and restricted cash, end of period 27,715 17,318
Cash, cash equivalents, and restricted cash included in continuing operations 27,715 17,318
Cash paid during the period for:    
Income taxes paid 2,008 563
Interest paid 6,299 11,366
Non-cash investing and financing activities:    
Stock-based compensation capitalized as part of internal-use software 192 375
Lease liabilities arising from right-of-use assets 1,840 0
Shares issued for debt issuance costs 873 0
Common stock issued in connection with repurchase of convertible senior notes 3,162 0
Fair value of earnout receivable - sale of Veritone One 0 6,310
Fair value of indemnification receivable - sale of Veritone One 0 5,150
Capital expenditures included in accounts payable $ 108 $ 0

Source

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