NASDAQ : SOUN
SoundHound AI, Inc. — Financial statements
Technology · Software - Application · United States
Last price 4.22 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.87B
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Financial statements
SoundHound AI, Inc. (SOUN) reported revenue of 203.20M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 203.20M | 168.92M | 84.69M | 45.87M | 31.13M | 21.20M |
| Cost of Revenue | 117.26M | 97.37M | 43.31M | 11.31M | 9.60M | 6.58M |
| Gross Profit | 85.94M | 71.55M | 41.38M | 34.57M | 21.53M | 14.61M |
| Selling, General & Admin | 160.36M | 137.83M | 75.50M | 46.08M | 50.81M | 20.76M |
| Research & Development | 101.02M | 98.25M | 70.56M | 51.44M | 76.39M | 59.18M |
| Amortization of Goodwill & Intangibles | 18.82M | 15.87M | 7.12M | |||
| Operating Expenses | 280.20M | 251.95M | 153.17M | 97.52M | 127.20M | 79.94M |
| Operating Income | -194.26M | -180.40M | -111.78M | -62.95M | -105.67M | -65.33M |
| Interest Expense | -398.00K | -670.00K | -12.17M | -16.73M | -6.89M | -8.34M |
| Interest & Investment Income | 8.68M | 9.80M | 8.37M | 2.87M | 390.00K | 7.00K |
| Currency Exchange Gain (Loss) | -800.00K | -800.00K | -700.00K | -500.00K | -700.00K | -500.00K |
| Other Non Operating Income (Expenses) | 380.00K | 5.67M | 329.00K | -1.21M | -949.00K | -4.92M |
| EBT Excluding Unusual Items | -186.40M | -166.40M | -115.95M | -78.53M | -113.82M | -79.08M |
| Merger & Restructuring Charges | -6.50M | -6.00M | -6.90M | -5.66M | ||
| Other Unusual Items | 61.48M | 163.13M | -237.08M | -837.00K | ||
| Pretax Income | -131.42M | -9.27M | -359.93M | -85.02M | -113.82M | -79.08M |
| Income Tax Expense | 5.64M | 4.73M | -9.25M | 3.91M | 2.89M | 456.00K |
| Net Income | -137.06M | -14.01M | -350.68M | -88.94M | -116.71M | -79.54M |
| Preferred Dividends & Other Adjustments | -297.00K | 416.00K | 2.77M | |||
| Net Income to Common | -136.76M | -14.01M | -351.10M | -91.71M | -116.71M | -79.54M |
| Shares Outstanding (Basic) | 419.92M | 405.42M | 338.46M | 229.26M | 157.32M | 67.26M |
| Shares Outstanding (Diluted) | 419.92M | 405.42M | 338.46M | 229.26M | 157.32M | 67.26M |
| EPS (Basic) | -0.33 | -0.03 | -1.04 | -0.40 | -0.74 | -1.18 |
| EPS (Diluted) | -0.38 | -0.03 | -1.04 | -0.40 | -0.74 | -1.18 |
| Free Cash Flow | -142.38M | -99.12M | -109.52M | -68.66M | -95.35M | -66.81M |
| Free Cash Flow Per Share | -0.34 | -0.24 | -0.32 | -0.30 | -0.61 | -0.99 |
| Gross Margin | 42.30% | 42.36% | 48.86% | 75.35% | 69.16% | 68.93% |
| Operating Margin | -95.60% | -106.80% | -131.99% | -137.23% | -339.46% | -308.19% |
| Profit Margin | -67.30% | -8.29% | -414.55% | -199.92% | -374.93% | -375.24% |
| Free Cash Flow Margin | -70.07% | -58.68% | -129.31% | -149.67% | -306.30% | -315.20% |
| EBITDA | -154.59M | -146.27M | -95.73M | -60.64M | -101.64M | -59.83M |
| EBITDA Margin | -76.08% | -86.59% | -113.03% | -132.19% | -282.23% | |
| D&A For EBITDA | 39.67M | 34.13M | 16.05M | 2.31M | 4.04M | 5.50M |
| EBIT | -194.26M | -180.40M | -111.78M | -62.95M | -105.67M | -65.33M |
| EBIT Margin | -95.60% | -106.80% | -131.99% | -137.23% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 202.78M | 248.49M | 198.24M | 95.26M | 9.24M | 21.63M |
| Cash & Short-Term Investments | 202.78M | 248.49M | 198.24M | 95.26M | 9.24M | 21.63M |
| Receivables | 61.91M | 70.53M | 49.80M | 15.83M | 5.08M | 2.11M |
| Prepaid Expenses | 2.51M | 1.28M | ||||
| Restricted Cash | 460.00K | |||||
| Other Current Assets | 12.36M | 10.11M | 7.48M | 2.45M | 859.00K | 2.00M |
| Total Current Assets | 277.05M | 329.13M | 255.52M | 113.54M | 17.70M | 27.47M |
| Property, Plant & Equipment | 7.74M | 6.72M | 5.93M | 6.72M | 11.57M | 16.45M |
| Goodwill | 122.28M | 122.28M | 101.70M | |||
| Other Intangible Assets | 190.21M | 187.79M | 174.94M | |||
| Long-Term Accounts Receivable | 48.07M | 29.91M | 12.88M | 16.49M | 7.04M | |
| Long-Term Deferred Tax Assets | 28.00K | 29.00K | 4.00K | 11.00K | 55.00K | 2.17M |
| Other Long-Term Assets | 22.52M | 12.32M | 2.97M | 14.35M | 1.62M | 3.12M |
| Total Assets | 667.89M | 688.17M | 553.95M | 151.12M | 37.99M | 49.20M |
| Accounts Payable | 7.57M | 10.56M | 5.56M | 1.65M | 2.80M | 3.76M |
| Accrued Expenses | 28.37M | 23.28M | 24.54M | 13.88M | 8.54M | 7.30M |
| Short-Term Debt | 16.67M | 45.49M | ||||
| Current Portion of Long-Term Debt | 14.34M | |||||
| Current Portion of Leases | 2.68M | 2.14M | 1.95M | 2.76M | 3.44M | 4.58M |
| Current Income Taxes Payable | 3.83M | 2.66M | 2.75M | 1.62M | 1.31M | 2.74M |
| Current Unearned Revenue | 23.74M | 24.04M | 23.88M | 4.31M | 5.81M | 6.04M |
| Other Current Liabilities | 4.69M | 9.05M | 9.07M | 3.49M | ||
| Total Current Liabilities | 70.88M | 71.74M | 67.74M | 24.22M | 38.57M | 87.74M |
| Long-Term Debt | 84.31M | 18.30M | ||||
| Long-Term Leases | 2.76M | 2.21M | 2.40M | 3.09M | 5.71M | 8.90M |
| Long-Term Unearned Revenue | 5.16M | 8.20M | 6.86M | 4.91M | 7.54M | 14.96M |
| Long-Term Deferred Tax Liabilities | 1.40M | 1.36M | ||||
| Other Long-Term Liabilities | 97.26M | 140.88M | 294.29M | 6.42M | 4.42M | 1.34M |
| Total Liabilities | 177.46M | 224.39M | 371.30M | 122.95M | 74.55M | 112.94M |
| Common Stock | 41.00K | 40.00K | 38.00K | 26.00K | 20.00K | 1.00K |
| Additional Paid-In Capital | 1.52B | 1.42B | 1.13B | 606.13M | 466.86M | 43.49M |
| Retained Earnings | -1.02B | -957.07M | -943.06M | -592.38M | -503.44M | -386.73M |
| Comprehensive Income & Other | 159.00K | 140.00K | 205.00K | 199.00K | ||
| Total Common Equity | 490.43M | 463.79M | 182.65M | 13.98M | -36.56M | -343.24M |
| Shareholders' Equity | 490.43M | 463.79M | 182.65M | 28.17M | -36.56M | -63.73M |
| Total Liabilities & Equity | 667.89M | 688.17M | 553.95M | 151.12M | 37.99M | 49.20M |
| Total Debt | 5.44M | 4.36M | 4.35M | 90.16M | 44.12M | 73.32M |
| Net Cash (Debt) | 197.34M | 244.13M | 193.89M | 5.10M | -34.88M | -51.69M |
| Net Cash Per Share | 0.47 | 0.60 | 0.57 | 0.02 | -0.22 | -0.77 |
| Filing Date Shares Outstanding | 444.11M | 422.81M | 398.96M | 309.11M | 219.91M | 12.28M |
| Total Common Shares Outstanding | 435.82M | 422.61M | 393.63M | 254.43M | 200.03M | 12.28M |
| Working Capital | 206.17M | 257.39M | 187.78M | 89.32M | -20.87M | -60.27M |
| Book Value Per Share | 1.13 | 1.10 | 0.46 | 0.05 | -0.18 | -27.95 |
| Tangible Book Value | 177.95M | 153.71M | -93.99M | 13.98M | -36.56M | -343.24M |
| Tangible Book Value Per Share | 0.41 | 0.36 | -0.24 | 0.05 | -0.18 | -27.95 |
| Machinery | 18.40M | 20.63M | 20.05M | 21.71M | 21.30M | |
| Construction In Progress | 15.00K | |||||
| Leasehold Improvements | 4.62M | 3.87M | 3.88M | 3.85M | 3.57M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -137.06M | -14.01M | -350.68M | -88.94M | -116.71M | -79.54M |
| Depreciation & Amortization | 42.85M | 37.04M | 18.67M | 5.66M | 7.23M | 9.09M |
| Other Amortization | 2.63M | 1.63M | 1.62M | 5.40M | 2.29M | 4.75M |
| Loss (Gain) From Sale of Assets | 42.00K | |||||
| Stock-Based Compensation | 78.54M | 80.62M | 33.15M | 27.93M | 28.79M | 6.32M |
| Other Operating Activities | -59.38M | -165.46M | 225.51M | 3.00M | 3.81M | 5.03M |
| Change in Accounts Receivable | -32.90M | -23.72M | -17.57M | -20.20M | -10.01M | 1.51M |
| Change in Accounts Payable | -5.62M | 1.93M | -7.64M | -1.16M | 302.00K | 424.00K |
| Change in Unearned Revenue | -7.40M | -4.96M | -6.19M | -4.13M | -7.65M | -10.28M |
| Change in Other Net Operating Assets | 361.00K | -11.33M | -5.75M | 4.18M | -2.06M | -3.48M |
| Operating Cash Flow | -114.51M | -98.22M | -108.88M | -68.27M | -94.02M | -66.18M |
| Capital Expenditures | -27.87M | -902.00K | -640.00K | -392.00K | -1.33M | -636.00K |
| Cash Acquisitions | -54.60M | -54.60M | -11.73M | |||
| Sale (Purchase) of Intangibles | -9.40M | -4.00M | ||||
| Investing Cash Flow | -91.88M | -59.50M | -12.37M | -392.00K | -1.33M | -636.00K |
| Long-Term Debt Issued | 85.09M | 44.74M | ||||
| Long-Term Debt Repaid | -169.00K | -215.50M | -35.19M | -12.85M | -2.58M | |
| Net Debt Issued (Repaid) | -337.00K | -169.00K | -215.50M | 49.90M | -12.85M | 42.16M |
| Issuance of Common Stock | 186.53M | 212.47M | 436.98M | 93.40M | 4.16M | 2.49M |
| Other Financing Activities | -8.03M | -4.23M | -10.57M | 90.69M | ||
| Financing Cash Flow | 178.17M | 208.07M | 210.91M | 168.24M | 82.00M | 44.65M |
| Foreign Exchange Rate Adjustments | 395.00K | -98.00K | 225.00K | -20.00K | ||
| Net Cash Flow | -27.82M | 50.25M | 89.88M | 99.56M | -13.35M | -22.16M |
| Free Cash Flow | -142.38M | -99.12M | -109.52M | -68.66M | -95.35M | -66.81M |
| Free Cash Flow Margin | -70.07% | -58.68% | -129.31% | -149.67% | -306.30% | -315.20% |
| Free Cash Flow Per Share | -0.34 | -0.24 | -0.32 | -0.30 | -0.61 | -0.99 |
| Levered Free Cash Flow | -45.50M | -18.35M | -19.34M | -18.02M | -40.85M | -25.98M |
| Unlevered Free Cash Flow | -47.87M | -19.55M | -13.36M | -12.97M | -38.83M | -25.51M |
| Cash Interest Paid | 52.00K | 26.00K | 6.34M | 11.98M | 4.36M | 2.63M |
| Cash Income Tax Paid | 3.77M | 4.37M | 2.72M | 2.36M | 1.04M | 263.00K |
| Change in Working Capital | -45.56M | -38.08M | -37.14M | -21.32M | -19.42M | -11.82M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.94B | 4.19B | 7.34B | 523.48M | 350.31M | |
| Enterprise Value | 1.74B | 3.92B | 7.24B | 531.60M | 365.80M | |
| Last Close Price | 4.22 | 9.97 | 19.84 | 2.12 | 1.77 | |
| PS Ratio | 9.57 | 24.80 | 86.62 | 11.41 | 11.25 | |
| PB Ratio | 3.75 | 9.03 | 40.16 | 18.58 | -9.58 | |
| P/TBV Ratio | 10.93 | 27.25 | 37.44 | |||
| EV/Sales Ratio | 8.60 | 23.23 | 85.53 | 11.59 | 11.75 | |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.02 | 3.20 | -1.21 | -1.15 |
| Net Debt / Equity Ratio | -0.40 | -0.53 | -1.06 | -0.18 | -0.95 | -0.81 |
| Net Debt / EBITDA Ratio | 1.28 | 1.67 | 2.02 | 0.08 | -0.34 | -0.86 |
| Net Debt / FCF Ratio | 1.39 | 2.46 | 1.77 | 0.07 | -0.37 | -0.77 |
| Asset Turnover | 0.33 | 0.27 | 0.24 | 0.48 | 0.71 | 0.38 |
| Quick Ratio | 3.73 | 4.45 | 3.66 | 4.59 | 0.37 | 0.27 |
| Current Ratio | 3.91 | 4.59 | 3.77 | 4.69 | 0.46 | 0.31 |
| Return on Equity (ROE) | -32.24% | -4.33% | -332.68% | |||
| Return on Assets (ROA) | -19.47% | -18.15% | -19.82% | -41.61% | -151.50% | -72.37% |
| Return on Capital Employed (ROCE) | -32.50% | -29.30% | -23.00% | -49.60% | 18,063.60% | 169.50% |
| Earnings Yield | -8.74% | -0.33% | -4.78% | -16.99% | -33.32% | |
| FCF Yield | -7.32% | -2.37% | -1.49% | -13.12% | -27.22% | |
| Buyback Yield / Dilution | -9.82% | -19.78% | -47.63% | -45.73% | -133.91% | -470.93% |