SoundHound AI, Inc. (SOUN) financials

NASDAQ · Technology · Software - Application · 954 employees · CEO Keyvan Mohajer

Price: $4.22 -3.21%
Market cap: $1.87B
Enterprise value: $1.68B
Last report: Q2 '26 filed 2026-08-10
Next report: 2026-11-05 EPS est. -$0.13

Revenue (TTM)$203M+54.6% vs a year agoLast 4 quarters; bars = each quarter

Operating margin (TTM)-89.7%+93.5 pp vs a year agoOperating income -$182M

Net income (TTM)-$137M+39.1% vs a year agoAfter tax, incl. non-operating gains

Free cash flow (TTM)-$118M-4.7% vs a year agoCapex $3.53M

Diluted EPS (TTM)-$0.33+47.1% vs a year agoSum of the last 4 quarters

Net cash$197M-12.7% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap: $1.87B
Revenue: $203M
Revenue growth: +41%
Profit margin: -67.5%
P/E: -12.6×
P/S: 9.2×
EV / EBITDA: -17.4×
Free cash flow: -$118M
Net income: -$137M
Revenue estimate: $238M
Earnings: 2026-11-05
Dividend: –

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

Last report (2026-08-05): revenue beat by 18.2%, EPS beat by 24.2%Revenue $61.9M vs $52.4M expected (+18.2%); EPS -$0.10 vs -$0.13 (+24.2%).
Revenue growth slowing: 45.0% year on yearQ2 '26 revenue $61.9M, against an average of 98.9% over the four quarters before.
Operating margin -89.7% (TTM), +93.5 pp on a year agoOperating income grew 24.3% while revenue grew 54.6%.
Capex 1.7% of revenue (a year ago 0.5%)$3.53M invested in the last 4 quarters (+436.1% on a year earlier). Free cash flow -$118M.
Diluted share count up 6.5% in a year428M diluted shares in Q2 '26, 402M a year earlier.
Net cash $197MCash + short-term investments $203M, debt incl. leases $5.44M; a year ago net cash $226M.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

	Q2 '26	Year ago	Change
Revenue	$61.9M	$42.7M	+45.0%
Gross margin	36.8%	39.0%	-2.3 pp
Operating income	-$47M	-$78.1M	+39.8%
Operating margin	-75.9%	-182.9%	+106.9 pp
Net income	-$42.8M	-$74.7M	+42.7%
Diluted EPS	-$0.10	-$0.19	+47.4%
Operating cash flow	-$33.7M	-$24.5M	-37.6%
Capex	$354K	$192K	+84.4%
Free cash flow	-$34.1M	-$24.7M	-38.0%
R&D	$27.1M	$25.8M	+5.1%
Stock-based compensation	$20.6M	$23.8M	-13.4%

Reported vs consensus

2026-08-05

	Actual	Consensus	vs consensus
Revenue	$61.9M	$52.4M	+18.2%
EPS (as estimated)	-$0.10	-$0.13	+24.2%

From the report of 2026-08-05 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly

Segment	Q1 '26	y/y	Share	TTM	TTM y/y
Hosted Services	$32M	+45.8%	72.6%	$118M	+50.1%
Licensing	$7.68M	+101.5%	17.4%	$49M	+106.7%
Professional Service	$4.42M	+35.9%	10.0%	$16.2M	+27.8%

Revenue by region

share of total

Segment	Q1 '26	y/y	Share	TTM	TTM y/y
United States	$32.5M	+74.5%	73.5%	$122M	+98.4%
Other Countries	$7.12M	+5.8%	16.1%	$42.9M	+131.4%
Gsx Korea	–	–	–	–	–
china	–	–	–	–	–
Ireland	–	–	–	–	–
FRANCE	–	–	–	–	–
JAPAN	$4.58M	–	10.4%	–	–
CHINA	–	–	–	–	–
Korea, Republic Of	–	–	–	–	–

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement

Operating cash flow: -$115M
Capex: -$3.53M
Buybacks: $0
Dividends: $0
Acquisitions: -$81.1M
Net debt issued: -$1.31M
Stock-based compensation: $78.5M
Free cash flow: -$118M
Returned to shareholders / FCF: 0.0%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years

	Now	5y average	Where today sits in the 5-year range
P/E (TTM)	-12.6×	–	–
EV / EBITDA	-17.4×	148.8× 1 of 5 years	148.8× – 148.8×
EV / Sales	8.3×	38.6×	10.1× – 77.0×
Price / FCF	-15.9×	–	–
Price / Book	3.7×	20.9× 3 of 5 years	8.7× – 36.8×
FCF yield	-6.3%	-11.4%	-34.2% – -1.6%
Return on invested capital	-30.4%	-183.7%	-541.2% – -3.8%
Return on equity	-30.2%	-33.7%	-315.7% – 319.2%

Analysts

Consensus target $9.33 (+121.1%)
range $6.00 – $12.00 · rating Buy

Strong buy0

Buy6

Hold2

Sell0

Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal year	Revenue	Growth	EPS	Growth	P/E at today's price	Analysts (EPS)
FY2026	$238M	+40.9%	-$0.41	-1,077.7%	-10.4×	4
FY2027	$340M	+43.0%	-$0.49	-21.1%	-8.6×	3
FY2028	$408M	+19.8%	$0.00	+100.0%	–	1

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpen Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Every reported line

All 275 figures SoundHound AI, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).

Line (SEC label)	Latest quarter	Year ago	y/y	Latest FY	Prior FY	y/y
Accounts Payable, Current	$7.57M	$10.2M	-25.4%	$10.6M	$5.56M	+90.0%
Accounts Receivable, after Allowance for Credit Loss	$27.1M	$19.7M	+37.7%	$32.3M	$23.2M	+39.6%
Accounts Receivable, Allowance for Credit Loss, Current	$3.38M	$2.46M	+37.4%	$2.25M	$726K	+210.5%
Accrued Income Taxes, Noncurrent	$2.18M	$3.08M	-29.4%	$2.25M	$3.08M	-26.7%
Accrued Liabilities, Current	$31.4M	$19M	+65.5%	$26.3M	$26.3M	+0.1%
Accumulated Other Comprehensive Income (Loss), Net of Tax	$159K	$178K	-10.7%	$140K	$205K	-31.7%
Additional Paid in Capital	$1.52B	$1.25B	+21.5%	$1.42B	$1.13B	+26.2%
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	–	–	–	$915K2023-12-31	–	–
Adjustments to Additional Paid in Capital, Warrant Issued	–	–	–	$4.14M2023-12-31	–	–
Advertising Expense	–	–	–	$3.6M	$2.8M	+28.6%
Amortization	$9.9M	$7.6M	+30.3%	$33M	$14.8M	+123.0%
Amortization of Debt Issuance Costs	$02025-12-31	$35K	-100.0%	$0	$1.62M	-100.0%
Amortization of Deferred Sales Commissions	$461K	$0	–	$1.63M	$0	–
Amortization of Intangible Assets	$5.17M	$3.48M	+48.5%	$15.9M	$7.12M	+123.0%
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	13.1M	12.8M	+2.6%	24.7M	28.9M	-14.7%
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$21.6M	$23.8M	-9.3%	$83.1M	$33.1M	+150.6%
Assets	$668M	$579M	+15.3%	$688M	$554M	+24.2%
Assets, Current	$277M	$282M	-1.8%	$329M	$256M	+28.8%
Business Combination, Bargain Purchase, Gain Recognized, Amount	$02025-12-31	$0	–	$0	$1.22M	-100.0%
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	-$3.7M	$31.4M	-111.8%	-$163M	$223M	-173.3%
Business Combination, Contingent Consideration, Liability, Current	$0	–	–	$4.4M	$0	–
Business Combination, Contingent Consideration, Liability, Noncurrent	$83.6M	$142M	-41.1%	$129M	$287M	-55.0%
Capitalized Computer Software, Amortization	–	–	–	$100K	$0	–
Capitalized Computer Software, Gross	$6.4M2025-12-31	$0	–	$6.4M	$0	–
Capitalized Contract Cost, Net	$3.7M2025-12-31	$0	–	$3.7M	$0	–
Cash and Cash Equivalents, at Carrying Value	$203M	$230M	-12.0%	$248M	$198M	+25.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$203M	$231M	-12.0%	$249M	$199M	+25.3%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	-$12.9M	-$15.2M	+15.4%	$50.3M	$89.9M	-44.1%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-$42.8M	-$74.8M	+42.7%	-$14.1M	-$351M	+96.0%
Contract with Customer, Asset, after Allowance for Credit Loss, Current	$17.3M	$10.7M	+62.7%	$20.5M	$13.2M	+55.0%
Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent	$48.1M	$23.6M	+103.4%	$29.9M	$12.9M	+132.2%
Contract with Customer, Liability	–	–	–	$9.2M2024-01-01	$13.4M	-31.3%
Contract with Customer, Liability, Current	$23.7M	$23.7M	+0.1%	$24M	$23.9M	+0.7%
Contract with Customer, Liability, Noncurrent	$5.16M	$6.13M	-15.8%	$8.2M	$6.86M	+19.4%
Contract with Customer, Liability, Revenue Recognized	$11.3M	$10.9M	+3.7%	$24.1M	$5.1M	+372.5%
Contract with Customer, Receivable, Allowance for Credit Loss, Noncurrent	$22.3M	$17.3M	+29.0%	$16.9M	$12M	+41.5%
Contractual Obligation	$60M2026-03-31	$74.5M	-19.5%	$64M	$78M	-17.9%
Contractual Obligation, to be Paid, Remainder of Fiscal Year	$12M2026-03-31	$10.5M	+14.3%	–	–	–
Contractual Obligation, to be Paid, Year One	$24M2026-03-31	$16M	+50.0%	$16M	$14M	+14.3%
Contractual Obligation, to be Paid, Year Three	$24M2025-12-31	$24M	0.0%	$24M	$24M	0.0%
Contractual Obligation, to be Paid, Year Two	$24M2026-03-31	$24M	0.0%	$24M	$16M	+50.0%
Conversion of Stock, Amount Converted	$02025-12-31	$0	–	$0	$14.2M	-100.0%
Cost of Revenue	$34M	$26M	+30.5%	$97.4M	$43.3M	+124.8%
Cost, Amortization	$4.7M	$4.1M	+14.6%	$17.2M	$7.7M	+123.4%
Costs and Expenses	$105M	$121M	-12.9%	$192M	$426M	-54.9%
Current Federal Tax Expense (Benefit)	–	–	–	$0	$0	–
Current Foreign Tax Expense (Benefit)	–	–	–	$3.39M	$2.93M	+15.7%
Current Income Tax Expense (Benefit)	–	–	–	$3.39M	$2.94M	+15.6%
Current State and Local Tax Expense (Benefit)	–	–	–	$0	$2K	-100.0%
Deferred Federal Income Tax Expense (Benefit)	–	–	–	$0	-$10.5M	+100.0%
Deferred Foreign Income Tax Expense (Benefit)	–	–	–	$1.34M	$10K	+13,280.0%
Deferred Income Tax Assets, Net	$28K	$4K	+600.0%	$29K	$4K	+625.0%
Deferred Income Tax Expense (Benefit)	$24K	$1K	+2,300.0%	$1.34M	-$12.2M	+111.0%
Deferred Income Tax Liabilities, Net	$1.4M	–	–	$1.36M	$0	–
Deferred State and Local Income Tax Expense (Benefit)	–	–	–	$0	-$1.7M	+100.0%
Deferred Tax Assets, Deferred Income	$4.87M2025-12-31	$5.26M	-7.4%	$4.87M	$5.26M	-7.4%
Deferred Tax Assets, Gross	$299M2025-12-31	$211M	+41.5%	$299M	$211M	+41.5%
Deferred Tax Assets, in Process Research and Development	$29.5M2025-12-31	$23.9M	+23.2%	$29.5M	$23.9M	+23.2%
Deferred Tax Assets, Net	–	–	–	$4K2024-12-31	$11K	-63.6%
Deferred Tax Assets, Net of Valuation Allowance	$39M2025-12-31	$41.2M	-5.3%	$39M	$41.2M	-5.3%

Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30

Data as of 2026-11-02