SOUNDHOUND AI, INC.

Listed Company

SOUNWCIK 0001840856NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$-14.01M

Total Assets

$688.17M

Equity

$463.79M

Shares Out

Op. Cash Flow

$-98.22M

Business

SOUNDHOUND AI, INC. provides Voice AI and conversational intelligence platforms that enable businesses to build custom, branded voice assistants. It offers products and services including the Houndify developer platform, Smart Ordering, Smart Answering, SoundHound Chat AI, Dynamic Interaction, wake words, ASR, NLU, TTS, and edge/cloud deployment options. Its business is organized around core technology offerings, specialized solutions for industries such as automotive, TV, IoT and restaurants, and developer tools and private domain customization. SoundHound distributes its solutions globally through developer integrations, OEM partnerships, cloud APIs, embedded edge deployments and enterprise subscriptions.

Summary from filing dated 2025-03-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	169	85	46	31	21
Cost of revenues	97	43	11	10	7
Sales and marketing	62	29	19	20	4
Research and development	98	71	51	76	59
General and administrative	82	53	28	30	17
Change in fair value of contingent acquisition liabilities	−163	223	0	0	—
Amortization of intangible assets	16	7	0	0	—
Restructuring	0	0	5	0	0
Total operating expenses	192	426	114	137	87
Loss from operations	−23	−341	−69	−106	−65
Loss on early extinguishment of debt	0	−16	−837,000	0	—
Interest expense	−670,000	−12	−17	−7	—
Other income, net	15	9	1	−1	−14
Total other income (expense), net	14	−19	−16	−8	33,376
Loss before provision (benefit) for income taxes	−9	−360	−85	−114	−79
Provision (benefit) for income taxes	5	−9	4	3	500,000
Net loss	−14	−351	−89	−117	−80
Cumulative dividends attributable to Series A Preferred Stock	0	−416,000	−3	0	0
Net loss attributable to SoundHound common stockholders	−14	−351	−92	−117	−80
Unrealized gains on investments	−65,000	6,000	199,000	0	—
Comprehensive loss	−14	−351	−89	−117	−80
Basic (in dollars per share)	−0.03	−1.04	−0.4	−0.74	−1.18
Diluted (in dollars per share)	−0.28	−1.04	−0.4	−0.74	−1.18
Basic (in shares)	405	338	229	157	67
Diluted (in shares)	409	338	229	157	67

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2023 2023-06-30	FY 2023 2023-03-31
Cash and cash equivalents	249	198	95	—	—
Accounts receivable, net of allowances of $2,254 and $726 as of December 31, 2025 and 2024, respectively	32	23	4	—	—
Contract assets and unbilled revenue, net	38	27	—	—	—
Other current assets	10	7	2	—	—
Total current assets	329	256	114	—	—
Restricted cash equivalents, non-current	676,000	676,000	14	—	—
Right-of-use assets	4	5	5	—	—
Property and equipment, net	3	1	2	—	—
Goodwill	122	102	0	—	—
Intangible assets, net	181	175	0	—	—
Deferred tax asset	29,000	4,000	11,000	—	—
Contract assets and unbilled revenue, non-current, net	30	13	16	—	—
Other non-current assets	18	2	577,000	—	2
Total assets	688	554	151	—	72
Accounts payable	11	6	2	—	—
Accrued liabilities	26	26	14	14	—
Operating lease liabilities	2	2	3	—	—
Finance lease liabilities	332,000	49,000	121,000	—	—
Income tax liability	3	3	2	—	—
Deferred revenue	24	24	4	—	—
Contingent acquisition liabilities (Note 12)	4	0	—	—	—
Other current liabilities	2	7	0	—	—
Total current liabilities	72	68	24	24	—
Operating lease liabilities, net of current portion	2	2	3	—	—
Deferred revenue, net of current portion	8	7	5	—	—
Contingent acquisition liabilities, net of current portion (Note 12)	129	287	0	—	—
Income tax liability, net of current portion	2	3	2	—	—
Deferred tax liability	1	0	—	—	—
Other non-current liabilities	10	4	4	4	—
Total liabilities	224	371	123	119	—
Commitments and contingencies (Note 8)	—	—	—	—	—
Series A Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; 0 and 0 shares issued and outstanding, aggregate liquidation preference of $ and $ as of December 31, 2025 and 2024, respectively	0	0	14	—	—
Additional paid-in capital	1,421	1,125	606	568	508
Accumulated deficit	−957	−943	−592	−554	−531
Accumulated other comprehensive income	140,000	205,000	199,000	—	—
Total stockholders equity	464	183	28	—	—
Total liabilities and stockholders equity	688	554	151	158	72

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	34	16	2	4	6
Stock-based compensation	81	33	28	29	6
Loss on change in fair value of ELOC program	0	0	2	1	0
Amortization of debt issuance cost	0	2	5	2	5
Non-cash lease amortization	3	3	3	3	4
Loss on disposal of property and equipment	42,000	0	0	—	—
Amortization of capitalized commissions	2	0	0	—	—
Foreign currency gain/loss from remeasurement	−947,000	−24,000	143,000	0	—
Change in fair value of derivative	−5	0	0	—	—
Deferred income taxes	1	−12	30,000	2	112,000
Other, net	2	−580,000	93,000	0	0
Accounts receivable, net	−1	−10	−627,000	−1	2
Prepaid expenses	0	0	2	−1	−168,000
Other current assets	−3	−3	−821,000	299,000	−917,000
Contract assets	−22	−7	−20	−9	0
Other non-current assets	−4	−196,000	671,000	−274,000	−1
Accounts payable	2	−8	−1	302,000	424,000
Accrued liabilities	−4	2	4	116,000	4
Other current liabilities	−2	−642,000	0	0	—
Operating lease liabilities	−3	−3	−4	−4	−4
Deferred revenue	−5	−6	−4	−8	−10
Other non-current liabilities	5	−415,000	2	3	−1
Net cash used in operating activities	−98	−109	−68	−94	−66
Purchases of property and equipment	−902,000	−640,000	−392,000	−1	−636,000
Capitalized software development costs	−4	0	0	—	—
Payment related to acquisitions, net of cash acquired	−55	−12	0	0	—
Net cash used in investing activities	−60	−12	−392,000	−1	−636,000
Proceeds from the issuance of Series A Preferred Stock, net of issuance costs	0	0	25	0	0
Proceeds from sales of Class A common stock under the ELOC program, net of issuance costs	0	0	72	0	0
Proceeds from sales of Class A common stock under the Sales Agreement, Equity Distribution Agreement, Execute Equity Distribution Agreement and Second Equity Distribution Agreement	202	407	12	0	0
Proceeds from exercise of stock options and employee stock purchase plan	11	30	0	0	—
Proceeds from warrants exercised	114,000	23,000	0	0	—
Payment of financing costs associated with the Sales Agreement, Equity Distribution Agreement, Execute Equity Distribution Agreement, and Second Equity Distribution Agreement	−4	−10	0	0	−425,347
Proceeds from the issuance of debt, net of issuance costs	0	0	85	0	45
Proceeds from the issuance of common stock	0	0	9	4	2
Payments on Term Loan and Amelia Debt	0	−215	−35	—	—
Payment to settle contingent holdback liabilities from SYNQ3 acquisitions	−198,000	−217,000	0	0	—
Payments on finance leases	−169,000	−125,000	−159,000	−1	−3
Net cash provided by financing activities	208	211	168	82	45
Effects of exchange rate changes on cash	−98,000	225,000	−20,000	0	0
Net change in cash, cash equivalents, and restricted cash equivalents	50	90	100	−13	−22
Cash paid for interest	26,000	6	12	4	3
Cash paid for income taxes, net of refunds	4	3	2	1	263,000
Conversion of Series A Preferred Stock to Class A common stock	0	14	11	280	0
Deferred offering costs reclassified to additional paid-in capital	210,000	220,000	0	—	—
Purchases of property and equipment under accrued liabilities	163,000	0	0	0	584,000
Operating lease liabilities arising from obtaining right-of-use assets	1	2	0	650,000	3
Debt discount through issuance of common stock warrants	0	0	4	0	4
Stock-based compensation included in capitalized software development costs	2	0	0	—	—

Filings

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