SoundHound AI (SOUN) financial statements
SoundHound AI reported revenue of $169M in fiscal 2025, up 68.0% a year over 4 years.
Net income was -$14M and the operating margin -13.8%, against -308.2% in 2021.
Free cash flow was -$103M.
The diluted share count rose 509% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SoundHound AI's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $21M | $31M | $46M | $85M | $169M |
| Cost of revenue | $7M | $10M | $11M | $43M | $97M |
| Gross profit | $15M | $22M | $35M | $41M | $72M |
| Research and development | $59M | $76M | $51M | $71M | $98M |
| Selling, general and admin | $21M | $51M | $47M | $82M | $144M |
| Operating income | -$65M | -$106M | -$69M | -$341M | -$23M |
| Interest expense | $8M | $7M | $18M | $12M | $670,000 |
| Pre-tax income | -$79M | -$114M | -$85M | -$360M | -$9M |
| Income tax | $456,000 | $3M | $4M | -$9M | $5M |
| Net income | -$80M | -$117M | -$89M | -$351M | -$14M |
| EPS (diluted) | -$1.18 | -$0.74 | -$0.40 | -$1.04 | -$0.28 |
| Diluted shares | 67M | 157M | 229M | 338M | 409M |
| Gross margin | 68.9% | 69.2% | 75.4% | 48.9% | 42.4% |
| Operating margin | -308.2% | -339.5% | -149.6% | -403.0% | -13.8% |
| Net margin | -375.2% | -374.9% | -193.9% | -414.1% | -8.3% |
Balance sheet
Fiscal years, from SoundHound AI's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash and short-term investments | $22M | $9M | $95M | $198M | $248M |
| Total current assets | $27M | $18M | $114M | $256M | $329M |
| Property, plant and equipment | $6M | $3M | $2M | $1M | $3M |
| Goodwill | — | — | $0 | $102M | $122M |
| Total assets | $49M | $38M | $151M | $554M | $688M |
| Total current liabilities | $88M | $39M | $24M | $68M | $72M |
| Long-term debt | — | $18M | $84M | $0 | — |
| Total liabilities | $113M | $75M | $123M | $371M | $224M |
| Shareholders' equity | -$163,837 | -$37M | $28M | $183M | $464M |
| Net debt | -$22M | $26M | -$11M | -$198M | -$248M |
Cash flow
Fiscal years, from SoundHound AI's 10-K filings with the SEC.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | -$66M | -$94M | -$68M | -$109M | -$98M |
| Capital spending | $636,000 | $1M | $392,000 | $640,000 | $5M |
| Free cash flow | -$67M | -$95M | -$69M | -$110M | -$103M |
| Stock-based compensation | $6M | $29M | $28M | $33M | $81M |
| Net borrowing | $45M | $0 | $50M | -$215M | $0 |
| Free cash flow margin | -315.2% | -306.3% | -149.7% | -129.3% | -61.0% |
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Open SOUN in InvestinglyQuestions
What was SoundHound AI's revenue in 2025?
$169M in fiscal 2025, from its 10-K filing.
How much free cash flow does SoundHound AI generate?
-$103M in fiscal 2025 (operating cash flow minus capital spending).
From SoundHound AI's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.