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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Assumptions Utilized to Determine Fair Value of Earnout Receivable

The following table sets forth the significant assumptions utilized to determine the fair value of the earnout receivable related to the sale of Veritone One as of March 31, 2025 and December 31, 2024:

 

 

 

March 31,
2025

 

 

December 31,
2024

 

Internal rate of return

 

 

23.0

%

 

 

23.0

%

Risk-free rate

 

 

4.6

%

 

 

4.9

%

Revenue volatility

 

 

10.0

%

 

 

10.0

%

Summary of Changes in Fair Value of Earnout Receivable Primarily Driven by Passage of Time and Included in Other Assets

The following table presents a summary of the changes in the fair value of the earnout receivable, which was primarily driven by the passage of time and is included in Other assets within the Company's consolidated balance sheets as of March 31, 2025 and December 31, 2024:

 

 

 

Veritone One Earnout Receivable

 

Fair value as of December 31, 2024

 

$

7,667

 

Change in fair value included in Other income (expense), net

 

 

3,654

 

Fair value as of March 31, 2025

 

$

11,321