SOUN

MKT CAP:$3B

SoundHound AI, Inc.

Market Cap

$3B

Technology·Software - Application·🇺🇸 United States·NASDAQ

Technology·Software App·🇺🇸·NASDAQ

Stock Price

$8.32-$2.28 (-21.51%)

Apr 20, 2026

Company Details

SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform tha...

CEO

Keyvan Mohajer

IPO Date

Apr 28, 2022

Website

www.soundhound.com

Key Metrics TTM

Revenue

$169M

+99.4% YoY

Net Income

-$14M

EPS (Diluted)

-$0.05

Free Cash Flow

-$77M

Revenue / Share

$0.40

Gross Margin

42.4%

Operating Margin

-13.8%

Net Margin

-8.3%

FCF Margin

-45.5%

P/S

20.7x

P/E

—

Earnings Reports

Q1 2026

May 14, 2026

PENDING

FY 2025

Mar 2, 2026

$169M+99.4%EPS -$0.03

Q4 2025

Mar 2, 2026

$55M+59.4%EPS $0.10

Q3 2025

Nov 10, 2025

$42M+67.6%EPS -$0.27

Q2 2025

Aug 11, 2025

$43M+217.1%EPS -$0.19

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 21	$8M	$7M	-$12M
Q3 21	$4M	$2M	-$17M
Q4 21	$5M	$3M	-$19M
Q1 22	$4M	$3M	-$21M
Q2 22	$6M	$4M	-$29M
Q4 22	$10M	$7M	-$29M
Q2 23	$9M	$7M	-$16M
Q4 23	$17M	$13M	-$12M
Q1 24	$12M	$7M	-$29M
Q2 24	$13M	$8M	-$22M
Q3 24	$25M	$12M	-$34M
Q4 24	$35M	$14M	-$257M
Q1 25	$29M	$11M	$128M
Q2 25	$43M	$17M	-$78M
Q3 25	$42M	$18M	-$116M
Q4 25	$55M	$26M	$43M

Valuation

Quarter	P/S	P/E
Q2 21	—	—
Q3 21	—	—
Q4 21	161.2x	—
Q1 22	160.6x	—
Q2 22	178.0x	—
Q4 22	139.2x	—
Q2 23	121.7x	—
Q4 23	84.1x	—
Q1 24	74.3x	—
Q2 24	68.5x	—
Q3 24	51.9x	—
Q4 24	41.2x	—
Q1 25	34.2x	—
Q2 25	26.6x	—
Q3 25	23.5x	—
Q4 25	20.7x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 21	-$32M	-$33M
Q3 21	-$18M	-$19M
Q4 21	-$15M	-$15M
Q1 22	-$15M	-$16M
Q2 22	-$32M	-$32M
Q4 22	-$20M	-$21M
Q2 23	-$20M	-$20M
Q4 23	-$14M	-$14M
Q1 24	-$22M	-$22M
Q2 24	-$18M	-$19M
Q3 24	-$35M	-$36M
Q4 24	-$33M	-$33M
Q1 25	-$19M	-$19M
Q2 25	-$24M	-$25M
Q3 25	-$33M	-$33M
Q4 25	-$22M	$0

Capital Expenditures

Quarter	CapEx
Q2 21	$111.0K
Q3 21	$123.0K
Q4 21	$402.0K
Q1 22	$611.0K
Q2 22	$371.0K
Q4 22	$141.0K
Q2 23	$278.0K
Q4 23	$58.0K
Q1 24	$99.0K
Q2 24	$236.0K
Q3 24	$225.0K
Q4 24	$80.0K
Q1 25	$162.0K
Q2 25	$192.0K
Q3 25	$172.0K
Q4 25	$22M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+1.9%	+27.5%
Q2 22	-25.7%	+68.8%
Q4 22	+135.9%	+80.5%
Q2 23	+69.9%	+4.3%
Q4 23	+299.7%	+18.1%
Q1 24	+88.5%	+14.4%
Q2 24	+41.7%	-7.3%
Q3 24	+186.8%	+133.3%
Q4 24	+101.5%	+887.2%
Q1 25	+151.2%	-346.7%
Q2 25	+217.1%	+240.6%
Q3 25	+67.6%	+168.3%
Q4 25	+59.4%	-95.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 21	$0	0.0%
Q3 21	$1M	32.6%
Q4 21	$0	0.0%
Q1 22	$2M	57.4%
Q2 22	$8M	127.8%
Q4 22	$9M	97.8%
Q2 23	$6M	65.1%
Q4 23	$7M	42.5%
Q1 24	$7M	60.2%
Q2 24	$7M	53.9%
Q3 24	$9M	36.1%
Q4 24	$10M	28.5%
Q1 25	$17M	59.9%
Q2 25	$24M	55.8%
Q3 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 21	$14M	$4M	$1M
Q3 21	$14M	$4M	$1M
Q4 21	$16M	$5M	$981.0K
Q1 22	$17M	$4M	$3M
Q2 22	$19M	$9M	$4M
Q4 22	$22M	$7M	$7M
Q2 23	$12M	$6M	$5M
Q4 23	$13M	$8M	$4M
Q1 24	$15M	$10M	$6M
Q2 24	$16M	$9M	$6M
Q3 24	$20M	$17M	$8M
Q4 24	$20M	$16M	$10M
Q1 25	$25M	$18M	$12M
Q2 25	$26M	$18M	$16M
Q3 25	$23M	$24M	$16M
Q4 25	$25M	$21M	$17M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 21	—	-148.7%	—
Q3 21	—	-445.7%	—
Q4 21	—	-343.0%	—
Q1 22	1.9%	-457.7%	-455.8
Q2 22	-25.7%	-464.5%	-490.2
Q4 22	135.9%	-277.4%	-141.5
Q2 23	69.9%	-190.1%	-120.2
Q4 23	299.7%	-42.1%	257.6
Q1 24	88.5%	-214.2%	-125.8
Q2 24	41.7%	-227.4%	-185.7
Q3 24	186.8%	-108.4%	78.3
Q4 24	101.5%	-713.4%	-611.9
Q1 25	151.2%	478.6%	629.8
Q2 25	217.1%	-151.8%	65.2
Q3 25	67.6%	-218.7%	-151.2
Q4 25	59.4%	153.0%	212.4

Rule of 40

Revenue Segments

Quarter	Hosted Services	Licensing	Professional Service
Q4 22	$5M	$3M	$2M
Q2 23	$4M	$559.0K	$4M
Q4 23	$6M	$10M	$1M
Q1 24	$9M	$1M	$1M
Q2 24	$9M	$3M	$1M
Q3 24	$18M	$5M	$3M
Q1 25	$22M	$4M	$3M
Q2 25	$21M	$18M	$3M
Q3 25	$28M	$10M	$4M
Q4 25	$38M	$13M	$5M

Revenue by Geography

Quarter	France	Germany	Gsx Korea	Japan	Other Countries	United States	Korea, Republic Of	Ireland	China
Q2 23	$847.0K	$4M	$2M	$922.0K	$142.0K	$704.0K	—	—	—
Q4 23	$2M	$153.0K	$9M	$926.0K	$1M	$4M	—	—	—
Q1 24	$3M	—	—	$923.0K	$973.0K	$4M	$3M	—	—
Q2 24	$5M	$140.0K	—	$922.0K	$309.0K	$4M	$4M	—	—
Q3 24	$852.0K	$33.0K	—	—	$8M	$13M	$3M	—	—
Q4 24	$650.0K	$23.0K	—	$2M	$4M	$26M	$2M	—	—
Q1 25	$950.0K	—	—	—	$7M	$19M	$3M	—	—
Q2 25	$992.0K	—	—	—	$4M	$23M	$2M	$5M	$7M
Q3 25	$907.0K	—	$3M	—	$4M	$30M	—	—	$4M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$18.1K	$0	$18.1K
Q2 22	$65M	$0	$65M
Q3 22	$33M	$0	$33M
Q4 22	$9M	$0	$9M
Q1 23	$46M	$0	$46M
Q2 23	$116M	$0	$116M
Q3 23	$96M	$0	$96M
Q4 23	$95M	$0	$95M
Q1 24	$212M	$0	$212M
Q2 24	$200M	$0	$200M
Q3 24	$136M	$0	$136M
Q4 24	$198M	$0	$198M
Q1 25	$246M	$0	$246M
Q2 25	$230M	$0	$230M
Q3 25	$269M	$0	$269M
Q4 25	$248M	$0	$248M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 21	67M	+285.8%	—
Q3 21	68M	+0.5%	—
Q4 21	200M	+195.4%	—
Q1 22	214M	+7.2%	+1128.2%
Q2 22	162M	-24.5%	+140.5%
Q4 22	200M	+23.5%	+195.4%
Q2 23	221M	+10.4%	+10.4%
Q4 23	254M	+15.2%	+18.6%
Q1 24	287M	+12.6%	+76.9%
Q2 24	332M	+15.8%	+65.9%
Q3 24	360M	+8.6%	+63.2%
Q4 24	375M	+4.1%	+47.4%
Q1 25	414M	+10.4%	+44.5%
Q2 25	402M	-2.9%	+21.2%
Q3 25	412M	+2.4%	+14.2%
Q4 25	418M	+1.4%	+11.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 21	—	—
Q3 21	—	—
Q4 21	$2M	3
Q1 22	$1M	3
Q2 22	$2M	3
Q4 22	$22.1K	430
Q2 23	$20.4K	430
Q4 23	$66.0K	260
Q1 24	$44.6K	260
Q2 24	$51.8K	260
Q3 24	$96.5K	260
Q4 24	$41.0K	842
Q1 25	$34.6K	842
Q2 25	$50.7K	842
Q3 25	$49.9K	842
Q4 25	$57.7K	954

Revenue / Employee