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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- Other
- Korea
- France
| Region | FY2025 | FY2024 |
|---|---|---|
| United States | $108.4M | $46.8M |
| Other | $42.9M | $16.9M |
| Korea | $10.3M | $12.3M |
| France | $7.3M | $8.8M |
As the company reported it, from the “REVENUE RECOGNITION (Details) - Schedule of Disaggregates Revenue by Geographic Location (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $21.2M | $31.1M | $45.9M | $84.7M | $168.9M |
| Gross profit | — | $14.6M | $21.5M | $34.6M | $41.4M | $71.6M |
| Net income | — | -$79.5M | -$116.7K | -$88.9K | -$350.7K | -$14.0K |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Other event Item 8.01
- Unregistered share sale Item 3.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Other event Item 8.01
- Material agreement signed Item 1.01
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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