SOUNDTHINKING, INC.

Listed Company

SSTICIK 0001351636NasdaqNon-AcceleratedSmaller ReportingServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$104.13M

Net Income

$-9.42M

Total Assets

$135.75M

Equity

$72.17M

Shares Out

12.95M

Op. Cash Flow

$9.30M

Business

SoundThinking, Inc. is a public safety technology company that provides data-driven solutions and strategic advisory services to law enforcement, security teams and civic leadership. It offers the SafetySmart platform, including ShotSpotter gunshot detection, CrimeTracer investigative search, CaseBuilder case management, ResourceRouter patrol deployment, PlateRanger ALPR (via Rekor partnership), SafePointe AI weapons detection, forensic reports and integration services. Key business segments include a law enforcement services platform, a security market services platform and SoundThinking Labs for environmental applications. The company sells primarily through direct sales and select resellers to cities, police agencies, universities, corporations and international customers on a subscription (SaaS) basis.

Summary from filing dated 2025-03-31

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	104	102	93	81	58
Cost of revenues	47	44	40	34	26
Impairment of property and equipment	434,000	605,000	114,000	—	25,000
Total costs	47	44	40	34	26
Gross profit	57	58	53	47	33
Sales and marketing	26	28	27	22	15
Research and development	16	14	12	10	7
General and administrative	23	24	21	16	13
Change in fair value of contingent consideration	0	−554,000	−6	−9	1
Restructuring expense	197,000	336,000	0	—	—
Total operating expenses	65	66	54	39	37
Operating loss	−9	−8	−1	8	−4
Interest expense, net	−19,000	−154,000	−48,000	45,000	38,000
Other expense, net	−556,000	−393,000	−227,000	−240,000	−344,000
Total other expense, net	−575,000	−547,000	−275,000	−195,000	−306,000
Loss before income taxes	−9	−8	−2	8	−4
Provision for income taxes	113,000	778,000	1	1	56,000
Net loss	−9	−9	−3	6	−4
Net loss per share, basic	−0.74	−0.72	−0.22	0.52	−0.38
Net loss per share, diluted	−0.74	−0.72	−0.22	0.52	−0.38
Weighted average shares used in computing net loss per share, basic	13	13	12	12	12
Weighted average shares used in computing net loss per share, diluted	13	13	12	12	12

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 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	16	13	6	10	16
Accounts receivable and contract assets, net	29	25	31	31	16
Prepaid expenses and other current assets	4	5	4	3	3
Total current assets	49	44	40	45	34
Property and equipment, net	19	20	21	22	17
Operating lease right-of-use assets	2	2	2	3	2
Goodwill	34	34	34	23	3
Intangible assets, net	29	33	37	27	14
Other assets	3	4	4	3	2
Total assets	136	137	139	123	72
Accounts payable	4	3	3	2	2
Accrued expenses and other current liabilities	10	10	9	10	7
Line of credit	4	4	7	—	—
Deferred revenue, short-term	40	38	41	42	26
Total current liabilities	57	56	60	54	35
Deferred revenue, long-term	4	6	812,000	2	474,000
Deferred tax liability	1	1	1	685,000	—
Operating lease liabilities, net of current portion	976,000	1	—	—	—
Total liabilities	64	64	64	62	38
Commitments and contingencies (Note 16)	—	—	—	—	—
Preferred stock: $0.005 par value; 20,000,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024, respectively	—	—	—	—	—
Common stock: $0.005 par value; 500,000,000 shares authorized; 12,825,960 and 12,634,485 shares issued and outstanding as of December 31, 2025 and 2024, respectively	64,000	64,000	64,000	62,000	58,000
Additional paid-in capital	186	177	170	154	133
Accumulated deficit	−114	−104	−95	−92	−99
Accumulated other comprehensive loss	−289,000	−388,000	−328,000	−290,000	−238,000
Total stockholders' equity	72	72	75	61	34
Total liabilities and stockholders' equity	136	137	139	123	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
Net loss	−9	−9	−3	6	−4
Depreciation of property and equipment	6	6	7	6	6
Amortization of intangible assets	4	4	4	3	1
Impairment of property and equipment	435,000	605,000	114,000	0	25,000
Stock-based compensation	11	12	10	8	6
Change in fair value of contingent consideration	—	−554,000	−6	−9	1
Deferred taxes	−2,000	135,000	541,000	685,000	50,000
Loss on disposal of property and equipment	—	24,000	—	—	—
Allowance for credit losses	599,000	176,000	99,000	−74,000	—
Accounts receivable and contract assets	−4	5	619,000	−15	−3
Prepaid expenses and other assets	2	−932,000	−1	−1	−673,000
Accounts payable	−318,000	792,000	1	−18,000	354,000
Accrued expenses and other liabilities	−830,000	2	−149,000	947,000	2
Deferred revenue	−354,000	2	−2	12	2
Net cash provided by operating activities	9	22	11	12	10
Purchase of property and equipment	−4	−6	−5	−11	−8
Investment in intangible and other assets	−8,000	−105,000	−437,000	−6,000	−59,000
Business acquisition, net of cash acquired	—	—	−11	−5	15,000
Net cash used in investing activities	−4	−6	−16	−16	−8
Payment of contingent consideration liability	—	—	−2	—	−403,000
Proceeds from (Payment on) line of credit	—	−3	7	—	—
Proceeds from exercise of stock options	31,000	59,000	150,000	538,000	898,000
Repurchases of common stock	−3	−6	−6	−3	−4
Proceeds from employee stock purchase plan	592,000	694,000	740,000	797,000	832,000
Net cash provided by (used in) financing activities	−2	−8	795,000	−2	−2
Change in cash, cash equivalents	2	8	−5	−5	−328,000
Effect of exchange rate on cash and cash equivalents	120,000	−61,000	−37,000	−53,000	−79,000
Cash paid for interest	281,000	394,000	151,000	—	—
Cash paid for tax	270,000	737,000	896,000	—	—
Right-of-use assets obtained in exchange for lease liabilities	495,000	—	—	—	—
Property and equipment purchases included in accounts payable	752,000	88,000	477,000	404,000	563,000
Estimated fair value of contingent consideration for business combination at closing	—	—	3	12	—
Fair value of common stock issued as consideration for acquisitions	—	—	11	14	—

Filings

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