PerpEquities

Equity · Technology

SoundHound AI, Inc. (SOUN) perpetual futures

SoundHound AI develops a voice AI platform, Houndify, offering speech recognition, natural language understanding, and voice assistants for various industries.

-3.5%NASDAQ closed
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Perpetual market activity

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24h volume
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Tightest spread
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Highest volume
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Settlement mix
USDT · 1/1
Perp/spot vol.
-
OI / float
-
Spot performance
1D-3.47%
5D-1.68%
1M-13.35%
6M-12.84%
YTD-41.42%
1Y-68.00%

Venue matrix

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Company data

Company fundamentals

Updated 3h ago
Market cap
$2.5B
Updated 3h ago
Revenue
$203.2M
Trailing 12 months
Revenue growth
+41%
Next fiscal year
Profit margin
-67.5%
P/E
-17.5
Peer P/E -5.1
Free cash flow
-$118M
Trailing 12 months
More metrics
Net income
-$137.1M
Trailing 12 months
P/S
12.5
Peer P/E
-5.1
Similar listed perps
Revenue estimate
$238M
Next fiscal year
Earnings
2026-11-05
Revenue est. $61.7M · Updated 3h ago
Dividend
-

Fundamental detail

Annual + quarterly
Latest revenue$168.9M
Net margin-8.3%
Free cash flow-$103.1M
Net debt-$244.3M
2020$13M
2021$21.2M
2022$31.1M
2023$45.9M
2024$84.7M
2025$168.9M
PeriodRevenueGrowthNet incomeFCF
2020$13M+70%-$74.4M-$48.5M
2021$21.2M+63%-$79.5M-$66.8M
2022$31.1M+47%-$116.7M-$95.3M
2023$45.9M+47%-$88.9M-$68.7M
2024$84.7M+85%-$350.7M-$109.5M
2025$168.9M+99%-$14M-$103.1M
PeriodGross marginOperating marginNet marginROEROA
2020+55.0%-507.1%-571.6%+26.9%-116.9%
2021+68.9%-308.2%-375.2%+23.2%-161.7%
2022+69.2%-339.5%-374.9%+319.2%-307.3%
2023+75.4%-149.6%-193.9%-315.7%-58.9%
2024+48.9%-403.0%-414.1%-192.0%-63.3%
2025+42.4%-13.8%-8.3%-3.0%-2.0%
PeriodCashDebtNet debtCurrent ratio
2020$43.7M$16.6M-$27.1M2.00
2021$21.6M$73.3M$51.7M0.31
2022$9.2M$44.1M$34.9M0.46
2023$95.3M$90.2M-$5.1M4.69
2024$198.2M$4.4M-$193.9M3.77
2025$248.5M$4.2M-$244.3M4.59
PeriodMarket capEnterprise valueP/SP/E
2020$131M$103.9M10.1-1.7
2021$1.5B$1.6B70.8-18.8
2022$278.5M$313.3M8.9-2.4
2023$486M$480.9M10.6-5.3
2024$6.7B$6.5B79.3-19.1
2025$4B$3.8B23.9-288.2
Q3 2024$25.1M
Q4 2024$34.5M
Q1 2025$29.1M
Q2 2025$42.7M
Q3 2025$42M
Q4 2025$55.1M
Q1 2026$44.2M
Q2 2026$61.9M
PeriodRevenueGrowthNet incomeFCF
Q3 2024$25.1M+89%-$21.8M-$35.5M
Q4 2024$34.5M+101%-$258.6M-$33.2M
Q1 2025$29.1M+151%$129.9M-$19.3M
Q2 2025$42.7M+217%-$74.7M-$24.7M
Q3 2025$42M+68%-$109.3M-$32.8M
Q4 2025$55.1M+59%$40.1M-$24.4M
Q1 2026$44.2M+52%-$25M-$26.7M
Q2 2026$61.9M+45%-$42.8M-$34.1M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+48.6%-134.6%-86.7%-7.3%-4.4%
Q4 2024+39.9%-744.2%-748.6%-141.6%-46.7%
Q1 2025+36.5%+439.8%+446.1%+32.7%+22.1%
Q2 2025+39.0%-182.9%-175.1%-20.8%-12.9%
Q3 2025+42.6%-275.6%-259.9%-27.4%-15.6%
Q4 2025+47.9%+77.3%+72.8%+8.6%+5.8%
Q1 2026+20.1%-140.1%-56.6%-5.4%-3.9%
Q2 2026+36.8%-75.9%-69.2%-8.7%-6.4%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$135.6M$43.8M-$91.8M2.58
Q4 2024$198.2M$4.4M-$193.9M3.77
Q1 2025$245.8M$4.6M-$241.2M4.92
Q2 2025$230.3M$4.4M-$226M4.84
Q3 2025$268.9M$4.8M-$264.1M5.15
Q4 2025$248.5M$4.2M-$244.3M4.59
Q1 2026$215.6M$6.2M-$209.4M3.94
Q2 2026$202.8M$5.4M-$197.3M3.91
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$1.7B$1.6B66.9-19.4
Q4 2024$7.4B$7.2B215.4-7.2
Q1 2025$3.2B$3B109.86.2
Q2 2025$4.3B$4.1B100.6-14.1
Q3 2025$6.6B$6.3B156.7-14.9
Q4 2025$4.2B$3.9B75.626.0
Q1 2026$2.3B$2.1B52.6-28.6
Q2 2026$2.8B$2.6B44.8-16.2

Refreshed 3h ago

Charts: revenue, profit, cash flow & valuation
Revenue$61.9MQ2 2026
$15.5M$30.9M$46.4M$61.9MQ3 2023: $13.3MQ4 2023: $17.1MQ1 2024: $11.6MQ2 2024: $13.5MQ3 2024: $25.1MQ4 2024: $34.5MQ1 2025: $29.1MQ2 2025: $42.7MQ3 2025: $42MQ4 2025: $55.1MQ1 2026: $44.2MQ2 2026: $61.9MQ3 2023Q2 2026
Net income-$42.8MQ2 2026
-$161.5M-$64.3M$32.8M$129.9MQ3 2023: -$20.2MQ4 2023: -$18MQ1 2024: -$33MQ2 2024: -$37.3MQ3 2024: -$21.8MQ4 2024: -$258.6MQ1 2025: $129.9MQ2 2025: -$74.7MQ3 2025: -$109.3MQ4 2025: $40.1MQ1 2026: -$25MQ2 2026: -$42.8MQ3 2023Q2 2026
EBITDA-$35.9MQ2 2026
-$150M-$53.5M$42.9M$139.4MQ3 2023: -$12.7MQ4 2023: -$7.2MQ1 2024: -$24.8MQ2 2024: -$30.6MQ3 2024: -$27.2MQ4 2024: -$246.4MQ1 2025: $139.4MQ2 2025: -$64.8MQ3 2025: -$92MQ4 2025: $84.3MQ1 2026: -$14.2MQ2 2026: -$35.9MQ3 2023Q2 2026
Free cash flow-$34.1MQ2 2026
-$26.7M-$17.8M-$8.9MQ3 2023: -$20.8MQ4 2023: -$13.9MQ1 2024: -$22MQ2 2024: -$18.7MQ3 2024: -$35.5MQ4 2024: -$33.2MQ1 2025: -$19.3MQ2 2025: -$24.7MQ3 2025: -$32.8MQ4 2025: -$24.4MQ1 2026: -$26.7MQ2 2026: -$34.1MQ3 2023Q2 2026
EPS-$0.1Q2 2026
-$0.44-$0.19$0.06$0.31Q3 2023: -$0.09Q4 2023: -$0.07Q1 2024: -$0.12Q2 2024: -$0.11Q3 2024: -$0.06Q4 2024: -$0.69Q1 2025: $0.31Q2 2025: -$0.19Q3 2025: -$0.27Q4 2025: $0.1Q1 2026: -$0.06Q2 2026: -$0.1Q3 2023Q2 2026
Cash / Debt$202.8MQ2 2026
$67.2M$134.5M$201.7M$268.9MQ3 2023 · Cash: $96.1MQ3 2023 · Debt: $89.9MQ4 2023 · Cash: $95.3MQ4 2023 · Debt: $90.2MQ1 2024 · Cash: $211.7MQ1 2024 · Debt: $90.5MQ2 2024 · Cash: $200.2MQ2 2024 · Debt: $4.5MQ3 2024 · Cash: $135.6MQ3 2024 · Debt: $43.8MQ4 2024 · Cash: $198.2MQ4 2024 · Debt: $4.4MQ1 2025 · Cash: $245.8MQ1 2025 · Debt: $4.6MQ2 2025 · Cash: $230.3MQ2 2025 · Debt: $4.4MQ3 2025 · Cash: $268.9MQ3 2025 · Debt: $4.8MQ4 2025 · Cash: $248.5MQ4 2025 · Debt: $4.2MQ1 2026 · Cash: $215.6MQ1 2026 · Debt: $6.2MQ2 2026 · Cash: $202.8MQ2 2026 · Debt: $5.4MQ3 2023Q2 2026
CashDebt
Profitability+36.8%Q2 2026
-450.0%-151.3%+147.4%+446.1%Q3 2023 · Gross margin: +72.9%Q4 2023 · Gross margin: +77.2%Q1 2024 · Gross margin: +59.7%Q2 2024 · Gross margin: +63.0%Q3 2024 · Gross margin: +48.6%Q4 2024 · Gross margin: +39.9%Q1 2025 · Gross margin: +36.5%Q2 2025 · Gross margin: +39.0%Q3 2025 · Gross margin: +42.6%Q4 2025 · Gross margin: +47.9%Q1 2026 · Gross margin: +20.1%Q2 2026 · Gross margin: +36.8%Q3 2023 · Operating margin: -109.5%Q4 2023 · Operating margin: -72.3%Q1 2024 · Operating margin: -246.1%Q2 2024 · Operating margin: -163.3%Q3 2024 · Operating margin: -134.6%Q4 2024 · Operating margin: -744.2%Q1 2025 · Operating margin: +439.8%Q2 2025 · Operating margin: -182.9%Q3 2025 · Operating margin: -275.6%Q4 2025 · Operating margin: +77.3%Q1 2026 · Operating margin: -140.1%Q2 2026 · Operating margin: -75.9%Q3 2023 · Net margin: -152.2%Q4 2023 · Net margin: -105.0%Q1 2024 · Net margin: -284.7%Q2 2024 · Net margin: -277.2%Q3 2024 · Net margin: -86.7%Q4 2024 · Net margin: -748.6%Q1 2025 · Net margin: +446.1%Q2 2025 · Net margin: -175.1%Q3 2025 · Net margin: -259.9%Q4 2025 · Net margin: +72.8%Q1 2026 · Net margin: -56.6%Q2 2026 · Net margin: -69.2%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+45.0%Q2 2026
+54.3%+108.5%+162.8%+217.1%Q2 2024: +53.8%Q3 2024: +89.1%Q4 2024: +101.5%Q1 2025: +151.2%Q2 2025: +217.1%Q3 2025: +67.6%Q4 2025: +59.4%Q1 2026: +51.7%Q2 2026: +45.0%Q3 2023Q2 2026
Shares outstanding428.2MQ2 2026
107M214.1M321.1M428.2MQ3 2023: 242MQ4 2023: 254.4MQ1 2024: 286.6MQ2 2024: 331.8MQ3 2024: 360.4MQ4 2024: 375.1MQ1 2025: 414.2MQ2 2025: 402MQ3 2025: 411.7MQ4 2025: 417.6MQ1 2026: 338.5MQ2 2026: 428.2MQ3 2023Q2 2026
Valuation-16.2Q2 2026
32.493.4154.4215.4Q3 2023 · P/E: -5.6Q4 2023 · P/E: -7.3Q1 2024 · P/E: -11.6Q2 2024 · P/E: -8.8Q3 2024 · P/E: -19.4Q4 2024 · P/E: -7.2Q1 2025 · P/E: 6.2Q2 2025 · P/E: -14.1Q3 2025 · P/E: -14.9Q4 2025 · P/E: 26.0Q1 2026 · P/E: -28.6Q2 2026 · P/E: -16.2Q3 2023 · P/S: 36.7Q4 2023 · P/S: 31.5Q1 2024 · P/S: 137.4Q2 2024 · P/S: 95.9Q3 2024 · P/S: 66.9Q4 2024 · P/S: 215.4Q1 2025 · P/S: 109.8Q2 2025 · P/S: 100.6Q3 2025 · P/S: 156.7Q4 2025 · P/S: 75.6Q1 2026 · P/S: 52.6Q2 2026 · P/S: 44.8Q3 2023Q2 2026
P/EP/S
Revenue$168.9M2025
$42.2M$84.5M$126.7M$168.9M2019: $7.7M2020: $13M2021: $21.2M2022: $31.1M2023: $45.9M2024: $84.7M2025: $168.9M20192025
Net income-$14M2025
-$263M-$175.3M-$87.7M2019: -$64.5M2020: -$74.4M2021: -$79.5M2022: -$116.7M2023: -$88.9M2024: -$350.7M2025: -$14M20192025
EBITDA$25.5M2025
-$240.4M-$151.8M-$63.1M$25.5M2019: -$59.9M2020: -$65.4M2021: -$61.7M2022: -$99.7M2023: -$62.6M2024: -$329.1M2025: $25.5M20192025
Free cash flow-$103.1M2025
-$82.1M-$54.8M-$27.4M2019: -$51.1M2020: -$48.5M2021: -$66.8M2022: -$95.3M2023: -$68.7M2024: -$109.5M2025: -$103.1M20192025
EPS-$0.032025
-$4.17-$2.78-$1.392019: -$5.562020: -$4.442021: -$0.42022: -$0.742023: -$0.42024: -$1.042025: -$0.0320192025
Cash / Debt$248.5M2025
$62.1M$124.2M$186.4M$248.5M2019 · Cash: $24.6M2019 · Debt: $6.3M2020 · Cash: $43.7M2020 · Debt: $16.6M2021 · Cash: $21.6M2021 · Debt: $73.3M2022 · Cash: $9.2M2022 · Debt: $44.1M2023 · Cash: $95.3M2023 · Debt: $90.2M2024 · Cash: $198.2M2024 · Debt: $4.4M2025 · Cash: $248.5M2025 · Debt: $4.2M20192025
CashDebt
Profitability+42.4%2025
-612.0%-382.9%-153.8%+75.4%2019 · Gross margin: +41.2%2020 · Gross margin: +55.0%2021 · Gross margin: +68.9%2022 · Gross margin: +69.2%2023 · Gross margin: +75.4%2024 · Gross margin: +48.9%2025 · Gross margin: +42.4%2019 · Operating margin: -841.1%2020 · Operating margin: -507.1%2021 · Operating margin: -308.2%2022 · Operating margin: -339.5%2023 · Operating margin: -149.6%2024 · Operating margin: -403.0%2025 · Operating margin: -13.8%2019 · Net margin: -839.7%2020 · Net margin: -571.6%2021 · Net margin: -375.2%2022 · Net margin: -374.9%2023 · Net margin: -193.9%2024 · Net margin: -414.1%2025 · Net margin: -8.3%20192025
Gross marginOperating marginNet margin
Revenue growth+99.4%2025
+24.9%+49.7%+74.6%+99.4%2020: +69.6%2021: +62.8%2022: +46.9%2023: +47.4%2024: +84.6%2025: +99.4%20192025
Shares outstanding405.4M2025
101.4M202.7M304.1M405.4M2019: 11.6M2020: 17.5M2021: 200M2022: 157.3M2023: 229.3M2024: 338.5M2025: 405.4M20192025
Valuation-288.22025
-196.3-104.4-12.679.32019 · P/E: -1.32020 · P/E: -1.72021 · P/E: -18.82022 · P/E: -2.42023 · P/E: -5.32024 · P/E: -19.12025 · P/E: -288.22019 · P/S: 11.32020 · P/S: 10.12021 · P/S: 70.82022 · P/S: 8.92023 · P/S: 10.62024 · P/S: 79.32025 · P/S: 23.920192025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-05
Revenue est. $61.7M · Updated 3h ago

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 2026-0.41$238M+41%4
FY 2027-0.49$340.4M+101%3
FY 20280.00$407.9M+141%1
Q1 2027-0.13$71.4M+61%1
Q1 2027-0.13$62.9M+42%2
Q2 2027-0.13$86.1M+39%1

Company events

6
2026-11-05EarningsActual - / Estimate -0.07-
2026-08-05EarningsActual -0.1 / Estimate -0.13Beat
2026-05-07EarningsActual -0.06 / Estimate -0.1Beat
2026-02-26EarningsActual 0.1 / Estimate -0.1Beat
2025-11-06EarningsActual -0.27 / Estimate -0.09Miss
2025-08-07EarningsActual -0.19 / Estimate -0.06Miss

Peer comparison

Similar listed perps

FMP company data

Company intelligence

Updated: Sep 17, 2026, 11:10 PM UTC

Company profile

Sector
Technology
Industry
Software - Application
Chief executive
Keyvan Mohajer
Employees
954
IPO date
Apr 28, 2022
Country
US
Exchange
NASDAQ Global Market
Website
Altman Z-scorei6.69
Piotroski scorei2/9
FMP ratingiC
Owner earningsi-$30.72M-$0.07 per share
ESG risk ratingiB+Industry rank: 34 out of 321

Rating factors

Return on equityi
1
Return on assetsi
1
Debt to equityi
4
Price to earningsi
1
Price to booki
2
Market cap history
$2.59B+10.1%Jun 26 – Sep 26
$2.14B$2.66B$3.19BHigh: $3.19B · 2026-08-10Low: $2.14B · 2026-07-20Latest: $2.59B · 2026-09-17Jun 26Jul 26Aug 26Sep 26
Latest: $2.59B · 2026-09-17High: $3.19B · 2026-08-10Low: $2.14B · 2026-07-20
M&A filings
Largest fund holders
FundWeightShares held
VTI0%12.8M
IWM0.08%10.6M
VB0.04%9.2M
NJM0.09%9.1M
VGT0.03%8.2M
VBK0.08%5.3M
FSSNX0.08%4.7M
VXF0.03%4.7M
AIQ0.26%4.4M
IWO0.17%3.8M
NLO0.18%3.2M
VTWO0.09%2.3M

Analyst track record

How the analysts covering SOUN have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings33103
Analysts1013
Buy / hold / sell26 / 7 / 078 / 24 / 1
Upgrades / downgrades / initiations2 / 0 / 06 / 4 / 4
Price targets hit / missed1 / 27 (4%)22 / 74 (23%)
Avg. return after a rating (TipRanks)-54.3%-29.0%
Best / worst call+0.8% / -76.7%+68.1% / -76.7%

After buy calls on this stock: median 21-day move -8.6% vs S&P 500 -10.2% (n = 82)

Most accurate on this stock

Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.

  1. Gil LuriaD.A. Davidson100% hit rate on this stock · 12 targets measuredBuytarget $10.00Aug 6, 2026
  2. Scott BuckH.C. Wainwright82% hit rate on this stock · 17 targets measuredBuytarget $20.00Mar 2, 2026

Latest ratings

DateAnalystCallTarget
Sep 22, 2026James FishPiper SandlerHoldReiterated$6.00
Aug 10, 2026Unknown AnalystLadenburg Thalmann & Co.BuyMaintained$16.00
Aug 6, 2026Michael LatimoreNorthland SecuritiesBuyMaintained$12.00
Aug 6, 2026Gil LuriaD.A. DavidsonBuyMaintained$10.00
Aug 5, 2026Thomas BlakeyCantor FitzgeraldBuyReiterated$15.00
Consensus over the last 12 months buy hold sell avg. target month-end close
Monthly buy, hold and sell shares of analyst ratings with the average price target and the month-end close$6.00$8.00$10.00$12.00$14.00$16.00Nov 25 · Buy 4 · Hold 3 · Sell 0Nov 25Dec 25 · Buy 7 · Hold 2 · Sell 0Jan 26 · Buy 7 · Hold 2 · Sell 0Jan 26Feb 26 · Buy 6 · Hold 2 · Sell 0Mar 26 · Buy 6 · Hold 2 · Sell 0Mar 26Apr 26 · Buy 6 · Hold 2 · Sell 0May 26 · Buy 7 · Hold 1 · Sell 0May 26Jun 26 · Buy 5 · Hold 1 · Sell 0Jul 26 · Buy 5 · Hold 1 · Sell 0Jul 26Aug 26 · Buy 5 · Hold 1 · Sell 0Sep 26 · Buy 5 · Hold 1 · Sell 0Sep 26Oct 26 · Buy 5 · Hold 1 · Sell 0Nov 25 · avg. target $16.92Dec 25 · avg. target $16.81Jan 26 · avg. target $16.21Feb 26 · avg. target $15.83Mar 26 · avg. target $14.83Apr 26 · avg. target $14.83May 26 · avg. target $13.88Jun 26 · avg. target $13.33Jul 26 · avg. target $13.33Aug 26 · avg. target $12.00Sep 26 · avg. target $11.83Oct 26 · avg. target $11.83Nov 25 · month-end close $12.05Dec 25 · month-end close $9.97Jan 26 · month-end close $8.46Feb 26 · month-end close $8.60Mar 26 · month-end close $6.87Apr 26 · month-end close $7.96May 26 · month-end close $9.00Jun 26 · month-end close $6.47Jul 26 · month-end close $6.13Aug 26 · month-end close $7.16Sep 26 · month-end close $6.02Oct 26 · month-end close $5.84

Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.

TipRanks data via FMP · computed Oct 2, 2026 · 33 ratings

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