SOUNDTHINKING, INC. SSTI
We are a leading public safety technology company that combines data-driven solutions and strategic advisory services for law enforcement, security teams and civic leadership. As of December 31, 2025, we had approximately 319 customers and to date have worked with approximately 2,100 agencies to help drive more efficient, effective, and equitable public safety outcomes.
Our SafetySmartTM platform includes six data-driven tools consisting of: (i) our flagship product, ShotSpotter®, the leading outdoor gunshot detection, location and alerting system trusted by 178 cities and 22 universities and corporations as of December 31, 2025; (ii) CrimeTracerTM, an agency-wide crime data and intelligence platform that enables investigators, analysts, patrol officers and command staff to search through more than one billion criminal justice records from across jurisdictions, leverage dashboards and AI-assisted tools to generate tactical leads and quickly make intelligent connections to solve cases; (iii) CaseBuilderTM, a one-stop investigative case management system for tracking, reporting and collaborating on cases; (iv) ResourceRouterTM, which directs the deployment of patrol and community anti-violence resources in an objective way to help maximize the impact of limited resources and improve community safety; (v) PlateRangerTM powered by Rekor®, an automatic license plate recognition ("ALPR") and vehicle identification solution that leverages artificial intelligence ("AI") and machine learning to enhance investigative efficiency and provide real-time data sharing for law enforcement; and (vi) SafePointeTM, an AI-based weapons detection system designed to provide discreet, high-throughput screening that complements physical security measures without compromising visitor experience. These solutions may operate independently or together as an integrated system that connects detection, data analysis, resource deployment and case management workflows. We also offer other use-case specific solutions including ShotSpotter for Campus and ShotSpotter for Corporate, which are typically smaller-scale deployments of ShotSpotter gunshot detection vertically marketed to universities, corporate campuses and key infrastructure centers to mitigate risk and enhance security by notifying authorities of outdoor gunfire incidents, saving critical minutes for first responders to arrive. We offer the majority of our solutions on a software-as-a-service subscription model to our customers. In the first quarter of 2025, we rolled out a perimeter-based sniper gunshot detection solution targeting utility substations, with initial pilots aimed at utility customers, conducted through SoundThinking Labs. SoundThinking Labs supports innovative use cases of the Company's technology.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $104.1M | $102.0M | $92.7M | $81.0M | $58.2M | $45.7M | $40.8M | $34.8M | $23.8M | $15.5M |
| Cost of revenue | $47.5M | $44.1M | $40.0M | $34.2M | $25.6M | $18.8M | $16.4M | $15.5M | $12.2M | $9.5M |
| Gross profit | $56.6M | $57.9M | $52.7M | $46.8M | $32.5M | $27.0M | $24.3M | $19.2M | $11.6M | $6.0M |
| R&D | $15.9M | $13.9M | $12.1M | $10.0M | $7.0M | $5.6M | $5.3M | $5.0M | $4.2M | $4.1M |
| SG&A | $23.2M | $23.9M | $20.6M | $15.8M | $12.7M | $9.7M | $7.4M | $8.4M | $5.6M | $2.4M |
| Total operating expenses | $65.4M | $65.7M | $54.0M | $39.0M | $36.6M | $25.7M | $22.7M | $21.8M | $15.9M | $10.9M |
| Operating income | -$8.7M | -$7.9M | -$1.2M | $7.7M | -$4.1M | $1.3M | $1.6M | -$2.6M | -$4.3M | -$5.0M |
| Pre-tax income | -$9.3M | -$8.4M | -$1.5M | $7.6M | -$4.4M | $1.1M | $1.8M | -$2.7M | -$9.8M | -$6.9M |
| Income tax | $113.0K | $778.0K | $1.2M | $1.2M | $56.0K | $90.0K | $41.0K | $13.0K | $160.0K | — |
| Net income | -$9.4M | -$9.2M | -$2.7M | $6.4M | -$4.4M | $1.2M | $1.8M | -$2.7M | -$10.0M | -$6.9M |
| EPS, basic | -0.74 | -0.72 | -0.22 | 0.52 | -0.38 | 0.11 | 0.16 | -0.26 | -1.61 | — |
| EPS, diluted | -0.74 | -0.72 | -0.22 | 0.52 | -0.38 | 0.10 | 0.15 | -0.26 | -1.61 | -4.28 |
| Shares, diluted (wtd. avg.) | 12.7M | 12.7M | 12.4M | 12.3M | 11.6M | 11.7M | 11.8M | 10.6M | 6.2M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $15.8M | $13.2M | $5.7M | $10.5M | $15.6M | $16.0M | $24.6M | $10.3M | $19.6M | $3.9M |
| Receivables | $23.5M | $19.6M | $24.6M | $28.8M | $16.2M | $12.5M | $13.8M | — | $3.9M | $2.4M |
| Total current assets | $48.6M | $43.5M | $40.3M | $44.7M | $34.3M | $31.1M | $40.2M | $27.1M | $24.4M | $6.9M |
| Property, plant and equipment | $18.8M | $20.1M | $21.0M | $22.0M | $17.4M | $15.3M | $16.6M | $16.5M | $11.6M | $9.0M |
| Goodwill | $34.2M | $34.2M | $34.2M | $23.0M | $2.8M | $2.8M | $1.4M | $1.4M | — | — |
| Other intangibles | $29.3M | $33.2M | $36.9M | $27.3M | $13.6M | $14.5M | $249.0K | $242.0K | $95.0K | $66.0K |
| Total assets | $135.8M | $136.8M | $138.7M | $122.7M | $72.3M | $66.3M | $60.6M | $47.1M | $36.2M | $16.1M |
| Accounts payable | $3.8M | $3.4M | $3.0M | $1.6M | $1.6M | $1.2M | $1.2M | $1.3M | $1.6M | $1.3M |
| Total current liabilities | $57.4M | $56.1M | $59.8M | $53.5M | $34.5M | $31.0M | $32.4M | $28.8M | $21.2M | $15.2M |
| Total liabilities | $63.6M | $64.4M | $64.0M | $61.8M | $38.5M | $32.0M | $33.3M | $30.0M | $24.0M | $31.2M |
| Retained earnings | -$113.7M | -$104.3M | -$95.1M | -$92.4M | -$98.8M | -$94.4M | -$95.6M | -$97.4M | -$97.6M | -$87.6M |
| Total equity | $72.2M | $72.4M | $74.8M | $60.9M | $33.8M | $34.3M | $27.3M | $17.1M | $12.2M | -$57.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.3M | $22.2M | $11.0M | $12.2M | $9.8M | $11.2M | $13.7M | -$1.4M | $3.4M | $2.3M |
| Depreciation and amortisation | $6.0M | $6.2M | $6.7M | $6.4M | $5.8M | $5.4M | $4.9M | $3.9M | $3.1M | $2.6M |
| Stock-based compensation | $11.4M | $12.1M | $10.0M | $8.3M | $5.9M | $4.5M | $3.1M | $2.5M | $628.0K | $83.0K |
| Capital expenditure | $4.4M | $6.3M | $5.1M | $10.9M | $7.8M | $4.1M | $4.8M | $8.4M | $6.4M | $4.5M |
| Investing cash flow | -$4.5M | -$6.4M | -$16.5M | -$15.5M | -$7.9M | -$18.8M | -$4.9M | -$10.2M | -$6.5M | -$4.6M |
| Financing cash flow | -$2.4M | -$8.2M | $795.0K | -$1.7M | -$2.3M | -$956.0K | $5.5M | $2.4M | $18.8M | $2.0M |
| Buybacks | $3.0M | $6.0M | $5.6M | $3.1M | $3.6M | $1.6M | $6.7M | — | — | — |
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 0001193125-26-170312.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.5M | $23.8M | $34.8M | $40.8M | $45.7M | $58.2M | $81.0M | $92.7M | $102.0M | $104.1M |
| Gross profit | $6.0M | $11.6M | $19.2M | $24.3M | $27.0M | $32.5M | $46.8M | $52.7M | $57.9M | $56.6M |
| Net income | -$6.9M | -$10.0M | -$2.7M | $1.8M | $1.2M | -$4.4M | $6.4M | -$2.7M | -$9.2M | -$9.4M |
Recent filings and events
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- 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
- Results announced Item 2.02
- Results announced Item 2.02
- 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
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Results announced Item 2.02
- Shareholder vote Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
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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