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SOUN

SoundHound AI, Inc.

SOUN

SoundHound AI, Inc. • NASDAQ
$12.12 ▲ 2.54% (+0.30)
Market Cap $5.09 B
52w High $24.98
52w Low $6.52
Dividend Yield 0%
P/E -13.47
Volume 234.41K
Outstanding Shares 420.21M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $42.049M ▼ $133.812M ▲ $-109.271M ▼ -259.866% ▼ $-0.27 ▼ $-91.974M ▼
Q2-2025 $42.683M ▲ $94.713M ▲ $-74.724M ▼ -175.067% ▼ $-0.19 ▼ $-64.801M ▼
Q1-2025 $29.129M ▼ $-117.479M ▼ $129.932M ▲ 446.057% ▲ $0.33 ▲ $139.405M ▲
Q4-2024 $34.543M ▲ $270.856M ▲ $-258.599M ▼ -748.629% ▼ $-0.69 ▼ $-246.427M ▼
Q3-2024 $25.094M $45.96M $-21.751M -86.678% $-0.06 $-27.213M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $268.936M ▲ $702.217M ▲ $302.981M ▲ $399.236M ▲
Q2-2025 $230.34M ▼ $579.494M ▼ $219.735M ▲ $359.759M ▼
Q1-2025 $245.809M ▲ $587.536M ▲ $190.543M ▼ $396.993M ▲
Q4-2024 $198.24M ▲ $553.953M ▲ $371.3M ▲ $182.653M ▼
Q3-2024 $135.606M $499.654M $203.667M $295.987M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-109.271M ▼ $-32.654M ▼ $-56.611M ▼ $127.908M ▲ $38.596M ▲ $-32.826M ▼
Q2-2025 $-74.724M ▼ $-24.497M ▼ $-192K ▼ $9.596M ▼ $-15.209M ▼ $-24.689M ▼
Q1-2025 $129.932M ▲ $-19.185M ▲ $-162K ▼ $67.01M ▼ $47.569M ▼ $-19.347M ▲
Q4-2024 $-258.599M ▼ $-33.123M ▲ $-80K ▲ $95.461M ▲ $62.499M ▲ $-33.203M ▲
Q3-2024 $-21.751M $-35.315M $-7.504M $-21.585M $-64.55M $-35.54M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Hosted Services
Hosted Services
 $30.00M ▲$20.00M ▼$20.00M ▲$30.00M ▲
Licensing
Licensing
 $10.00M ▲$0 ▼$20.00M ▲$10.00M ▼
Professional Service
Professional Service
 $10.00M ▲$0 ▼$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing steadily over the past several years, growing from a very small base to something more meaningful, which suggests rising customer adoption. The core business appears to create value, as shown by positive gross profit, but the company is still spending far more on operating costs than it brings in. As a result, operating losses and net losses remain large, and in the most recent year they widened again after a period of gradual improvement. Overall, SoundHound is clearly in an investment and scale‑up phase, prioritizing growth and product development over near‑term profitability.

Balance Sheet

Balance Sheet The balance sheet has strengthened recently. Total assets and cash have increased significantly compared with prior years, giving the company more financial breathing room. Debt has been reduced to effectively zero, which simplifies the capital structure and lowers financial risk. Equity has moved from negative to solidly positive, reversing an earlier position of accumulated deficits. That said, the overall capital base is still relatively modest, so the cushion against setbacks is not especially large, and continued discipline around cash and funding remains important.

Cash Flow

Cash Flow SoundHound continues to use cash rather than generate it. Operating activities have produced consistent cash outflows over the past several years, reflecting heavy investment in people, technology, and go‑to‑market efforts. Free cash flow is also negative, although there is little spending on physical assets, so most of the cash burn is tied to operating and R&D costs rather than big infrastructure projects. The company has relied on external funding and balance‑sheet improvements to support this burn, and the historical numbers do not yet show a clear path to being self‑funded.

Competitive Edge

Competitive Edge Competitively, SoundHound occupies a distinctive niche as an independent voice and conversational AI provider, rather than as a consumer assistant tied to a big tech ecosystem. Its own technology stack, focus on natural and fast “speech‑to‑meaning,” and ability to run AI on the device (particularly in vehicles) are meaningful differentiators. The company has built beachheads in specific verticals such as automotive, restaurants, and healthcare, supported by long‑term, software‑style contracts and a sizeable backlog of booked business. Against this, it competes in a crowded field that includes very large technology firms and many new AI entrants, so execution, partner relationships, and the ability to scale deployments from pilots to broad rollouts will be critical.

Innovation and R&D

Innovation and R&D Innovation is clearly the centerpiece of SoundHound’s strategy. The company has spent many years building proprietary voice‑understanding technology and more recently has layered in generative AI, agentic “digital employees,” and vision capabilities that combine audio and visual understanding. Partnerships with chip and automotive companies, and products like in‑vehicle voice commerce and automated drive‑thru ordering, show how its R&D is turning into concrete use cases. This innovation push explains the high operating and cash costs. The key uncertainty is whether the company can convert this technology lead into durable, large‑scale revenue before competitors narrow the gap or funding constraints appear.

Summary

SoundHound is an early‑stage, high‑growth AI software company with promising technology and a clearer strategic focus than many peers. Its revenue trend and contract backlog suggest growing commercial traction, but the historical financials still show deep losses and ongoing cash burn, with profitability not yet in sight. The balance sheet has improved meaningfully—more cash, no debt, and positive equity—which helps support continued investment, though the overall financial buffer is not huge. The long‑term story depends on turning its voice, agentic, and vision AI innovations—especially in cars, restaurants, and healthcare—into scaled, recurring revenue that can eventually cover its sizable cost base. Until that transition shows up in the numbers, both the potential upside and the risks remain high and closely tied to execution and access to capital.

NEWS

November 25, 2025 · 9:04 AM UTC

SoundHound AI and Parkopedia Launch Voice AI-Powered Parking Search and Payment Agent

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November 6, 2025 · 4:04 PM UTC

SoundHound AI Reports Record Q3 Revenue of $42 Million, Up 68%, Raises Full Year Outlook; $269 Million in Cash

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October 27, 2025 · 9:03 AM UTC

Research Finds Two in Three US Banking Executives Believe Agentic AI Will Change How the Industry Operates

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October 22, 2025 · 4:10 PM UTC

SoundHound AI To Report 2025 Third Quarter Financial Results, Host Conference Call and Webcast on November 6

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October 22, 2025 · 9:03 AM UTC

SoundHound AI and Telarus Announce Strategic Partnership to Bring Amelia 7 and Autonomics to the Enterprise CX & EX Landscape

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