SOUNDHOUND AI, INC. SOUN
SoundHound's mission is to voice-enable the world with conversational intelligence through an independent AI platform enabling humans to interact with products and services like they interact with each other — by speaking naturally.
We are a global leader in conversational intelligence, offering independent Voice AI solutions that enable businesses to deliver high-quality conversational experiences to their customers. Built on proprietary technology, SoundHound's voice AI delivers best-in-class speed and accuracy in numerous languages to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction™, and Employee Assist. Along with SoundHound Chat AI, a powerful voice assistant with integrated Generative AI, SoundHound powers millions of products and services, and processes billions of interactions each year for world class businesses.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $168.9M | $84.7M | $45.9M | $31.1M | $21.2M | — |
| Cost of revenue | $97.4M | $43.3M | $11.3M | $9.6M | $6.6M | — |
| Gross profit | $71.6M | $41.4M | $34.6M | $21.5M | $14.6M | — |
| R&D | $98.2M | $70.6M | $51.4M | $76.4M | $59.2M | — |
| SG&A | $82.2M | $53.3M | $28.3M | $30.4M | $16.5M | — |
| Total operating expenses | $192.2M | $426.0M | $114.5M | $136.8M | $86.5M | — |
| Operating income | -$23.3M | -$341.4M | -$68.6M | -$105.7M | -$65.3M | — |
| Interest expense | $670.0K | $12.2M | $16.7M | $6.9M | $8.3M | — |
| Pre-tax income | -$9.3M | -$359.9M | -$85.0M | -$113.8M | -$79.1M | — |
| Income tax | $4.7M | $9.2M | $3.9M | $2.9M | $456.0K | — |
| Net income | -$14.0K | -$350.7K | -$88.9K | -$116.7K | -$79.5M | — |
| EPS, basic | -0.03 | -1.04 | -0.40 | -0.74 | -1.18 | — |
| EPS, diluted | -0.28 | -1.04 | -0.40 | -0.74 | -1.18 | — |
| Shares, diluted (wtd. avg.) | $409.5M | $338.5M | $229.3M | $157.3M | $67.3M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $248.5M | $198.2M | $95.3M | $9.5M | $22.8M | $45.0M |
| Total current assets | $329.1M | $255.5M | $113.5M | $17.7M | $27.5M | — |
| Goodwill | $122.3M | $101.7M | $0 | — | — | — |
| Other intangibles | $181.4M | $174.9M | $0 | — | — | — |
| Total assets | $688.2M | $554.0M | $151.1M | $38.0M | $49.2M | — |
| Accounts payable | $10.6M | $5.6M | $1.7M | $2.8M | $3.8M | — |
| Short-term debt | — | — | $0 | $16.7M | — | — |
| Total current liabilities | $71.7M | $67.7M | $24.2M | $38.6M | $87.7M | $716 |
| Long-term debt | — | $0 | $84.3M | $18.3M | — | — |
| Total liabilities | $224.4M | $371.3M | $123.0M | $74.6M | $112.9M | $716 |
| Retained earnings | -$957.1M | -$943.1M | -$592.4M | -$503.4M | -$386.7M | -$716 |
| Total equity | $463.8M | $182.7M | $28.2M | -$36.6M | -$343.2M | -$276.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$98.2M | -$108.9M | -$68.3M | -$94.0M | -$66.2M | — |
| Depreciation and amortisation | $1.0M | $1.2M | $2.3M | $4.0M | $5.5M | — |
| Stock-based compensation | $80.6M | $33.1M | $27.9M | $28.8M | $6.3M | — |
| Capital expenditure | $902.0K | $640.0K | $392.0K | $1.3M | $636.0K | — |
| Investing cash flow | -$59.5M | -$12.4M | -$392.0K | -$1.3M | -$636.0K | — |
| Financing cash flow | $208.1M | $210.9M | $168.2M | $82.0M | $44.7M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-041978.
Others in SIC 7372
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.71T | 27.8x | 17.8% |
| ORCL | ORACLE CORP | $457.36B | 27.2x | 17.3% |
| PLTR | Palantir Technologies Inc. | $418.36B | 276.7x | 56.2% |
| CRWD | CrowdStrike Holdings, Inc. | $218.20B | — | 21.7% |
| CRM | Salesforce, Inc. | $213.35B | 33.2x | 9.6% |
| SHOP | SHOPIFY INC. | $187.92B | 154.4x | 30.1% |
| NOW | ServiceNow, Inc. | $146.06B | 84.6x | 20.9% |
| SNOW | Snowflake Inc. | $118.96B | — | 29.2% |