SoundHound AI, Inc. (SOUN) income statement
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
SoundHound AI, Inc. (SOUN) reported revenue of $61.9M for Q2 '26 (+45.0% year on year), operating income of -$47M (-75.9% of revenue) and net income of -$42.8M. Over the last four quarters revenue was $203M.
Income statement
| Income statement | Trend | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $13.3M | $17.1M | $11.6M | $13.5M | $25.1M | $34.5M | $29.1M | $42.7M | $42M | $55.1M | $44.2M | $61.9M | |
| Cost of revenue | $3.59M | $3.91M | $4.67M | $4.98M | $12.9M | $20.8M | $18.5M | $26M | $24.1M | $28.7M | $35.3M | $39.1M | |
| Gross profit | $9.68M | $13.2M | $6.93M | $8.48M | $12.2M | $13.8M | $10.6M | $16.7M | $17.9M | $26.4M | $8.9M | $22.8M | |
| Research & development | $12.8M | $12.7M | $14.9M | $15.7M | $19.5M | $20.4M | $24.8M | $25.8M | $22.8M | $24.8M | $26.2M | $27.1M | |
| Sales & marketing | $4.47M | $4.47M | $5.54M | $5.66M | $8.36M | $9.57M | $12M | $15.8M | $16.4M | $17.4M | $19.2M | $0 | |
| General & administrative | $6.93M | $7.64M | $10.3M | $9.04M | $17M | $16.4M | $18.4M | $18.2M | $24.3M | $21.2M | $25.7M | $42.6M | |
| Other operating expenses | $0 | $806K | $4.77M | $39K | $1.02M | $224M | -$173M | $34.8M | $70.2M | -$79.7M | -$269K | $0 | |
| Operating expenses | $24.2M | $25.6M | $35.5M | $30.5M | $46M | $271M | -$117M | $94.7M | $134M | -$16.2M | $70.8M | $69.8M | |
| Operating income | -$14.5M | -$12.4M | -$28.5M | -$22M | -$33.8M | -$257M | $128M | -$78.1M | -$116M | $42.6M | -$61.9M | -$47M | |
| Interest income | $1.2M | $791K | $1.82M | $2.82M | $2.26M | $1.47M | $2.21M | $2.43M | $0 | $0 | $1.66M | $0 | |
| Interest expense | $5.44M | $5.46M | $5.66M | $4.09M | $1.11M | $1.31M | $235K | $169K | $153K | $113K | $71K | $61K | |
| Other non-operating income (gains on investments, FX ...) | -$1.34M | -$1.46M | -$1.48M | $10.6M | -$2.63M | -$93K | -$2.89M | -$4.75M | -$7.23M | $203K | -$37.8M | $0 | |
| Total non-operating income | -$4.11M | -$4M | -$4.19M | -$14.7M | $1.53M | -$1.22M | $2.65M | $4.58M | $7.08M | -$316K | $37.7M | $6.36M | |
| Income before tax | -$18.6M | -$16.4M | -$32.7M | -$36.7M | -$32.2M | -$258M | $131M | -$73.5M | -$109M | $42.3M | -$24.2M | -$40.6M | |
| Income tax | $1.56M | $1.61M | $295K | $638K | -$10.5M | $311K | $819K | $1.26M | $457K | $2.2M | $798K | $2.18M | |
| Net income | -$20.2M | -$18M | -$33M | -$37.3M | -$21.8M | -$259M | $130M | -$74.7M | -$109M | $40.1M | -$25M | -$42.8M | |
| EPS (basic) | -$0.09 | -$0.07 | -$0.12 | -$0.11 | -$0.06 | -$0.69 | $0.33 | -$0.19 | -$0.27 | $0.10 | -$0.06 | -$0.10 | |
| EPS (diluted) | -$0.09 | -$0.07 | -$0.12 | -$0.11 | -$0.06 | -$0.69 | $0.31 | -$0.19 | -$0.27 | $0.10 | -$0.06 | -$0.10 | |
| Shares (basic, weighted) | 242M | 254M | 287M | 332M | 360M | 375M | 394M | 400M | 410M | 418M | 338M | 428M | |
| Shares (diluted, weighted) | 242M | 254M | 287M | 332M | 360M | 375M | 414M | 402M | 412M | 418M | 338M | 428M | |
| Depreciation & amortization | $530K | $372K | $2.21M | $1.98M | $3.92M | $7.94M | $8.42M | $8.5M | $9.31M | $10.8M | $9.97M | $11.1M | |
| EBITDA | -$12.7M | -$10.6M | -$24.8M | -$30.6M | -$27.2M | -$249M | $139M | -$64.8M | -$99.4M | $53.2M | -$14.2M | -$35.9M |
| Income statement | Trend | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.68M | $13M | $21.2M | $31.1M | $45.9M | $84.7M | $169M | |
| Cost of revenue | $4.52M | $5.86M | $6.59M | $9.6M | $11.3M | $43.3M | $97.4M | |
| Gross profit | $3.16M | $7.15M | $14.6M | $21.5M | $34.6M | $41.4M | $71.6M | |
| Research & development | $47.8M | $54.3M | $59.2M | $76.4M | $51.4M | $70.6M | $98.3M | |
| Sales & marketing | $5.39M | $4.74M | $4.24M | $20.4M | $18.9M | $29.1M | $61.6M | |
| General & administrative | $14.6M | $14.1M | $16.5M | $30.4M | $28.3M | $53.3M | $82.2M | |
| Other operating expenses | $0 | $0 | $0 | $0 | $4.56M | $230M | -$147M | |
| Operating expenses | $67.7M | $73.2M | $79.9M | $127M | $103M | $383M | $94.8M | |
| Operating income | -$64.6M | -$66M | -$65.3M | -$106M | -$68.6M | -$341M | -$23.3M | |
| Interest income | $919K | $168K | $7K | $390K | $2.87M | $8.37M | $0 | |
| Interest expense | $0 | $2.27M | $8.34M | $6.89M | $16.7M | $12.2M | $670K | |
| Other non-operating income (gains on investments, FX ...) | $0 | $5.4M | $5.42M | $1.26M | -$318K | $6.41M | -$14.7M | |
| Total non-operating income | $360K | -$7.67M | -$13.8M | -$8.15M | -$16.4M | -$18.6M | $14M | |
| Income before tax | -$64.2M | -$73.7M | -$79.1M | -$114M | -$85M | -$360M | -$9.27M | |
| Income tax | $253K | $738K | $456K | $2.89M | $3.91M | -$9.25M | $4.73M | |
| Net income | -$64.5M | -$74.4M | -$79.5M | -$117M | -$88.9M | -$351M | -$14M | |
| EPS (basic) | -$5.56 | -$4.44 | -$0.40 | -$0.74 | -$0.40 | -$1.04 | -$0.03 | |
| EPS (diluted) | -$5.56 | -$4.44 | -$0.40 | -$0.74 | -$0.40 | -$1.04 | -$0.03 | |
| Shares (basic, weighted) | 11.6M | 17.5M | 200M | 157M | 229M | 338M | 405M | |
| Shares (diluted, weighted) | 11.6M | 17.5M | 200M | 157M | 229M | 338M | 405M | |
| Depreciation & amortization | $4.67M | $6.04M | $9.09M | $7.23M | $2.31M | $18.7M | $34.1M | |
| EBITDA | -$59.9M | -$65.4M | -$61.7M | -$99.7M | -$66M | -$329M | $25.5M |
Standardised from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
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