SOUN Nasdaq Services-Prepackaged Software Financials FY2021βFY2025
Soundhound Ai, Inc. had $169M of revenue in fiscal 2025, up 99.4% on the year before.
Last close Β· Oct 23, 2026
$4.43
1.6%Hi! I read Soundhound Ai, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+99.4%
Yes. Sales grew 99.4% last year.
Does it make a profit?
β8.3%
No. It lost money last year.
Does profit turn into cash?
β58.7%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 8
Weak. It passes 3 of 8 health tests.
How is the share priced?
β
No P/E: it made no profit over the last four quarters.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Soundhound Ai, Inc. had $169M of revenue in fiscal 2025, up 99.4% on the year before. Its operating margin was β13.8%, up 389.3Β pts: of every 100 in sales, about β14 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Soundhound Ai, Inc. lost $14.0M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was β$99.1M in fiscal 2025, β58.7% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $11.1M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$11.1M
7 insiders
Of sales under plans
15%
$1.6M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 17, 2026 | Diana SrokaDirector | Sold plan | 1,552 | $6.11 | $0.0M | Form 4 |
| Sep 15, 2026 | Majid EmamiCSO & SVP, Engineering, 10% owner | Sold | 38,730 | $6.33 | $0.2M | Form 4 |
| Sep 15, 2026 | Michael ZagorsekChief Operating Officer | Sold | 71,113 | $6.33 | $0.5M | Form 4 |
| Sep 15, 2026 | Keyvan MohajerCEO, Director, 10% owner | Sold | 137,290 | $6.33 | $0.9M | Form 4 |
| Sep 15, 2026 | James Ming HomChief Product Officer, Director | Sold | 38,730 | $6.33 | $0.2M | Form 4 |
| Aug 27, 2026 | Diana SrokaDirector | Sold plan | 1,343 | $7.15 | $0.0M | Form 4 |
| Jun 15, 2026 | Timothy StonehockerChief Technology Officer | Sold | 18,802 | $7.46 | $0.1M | Form 4 |
| Jun 15, 2026 | Majid EmamiCSO & SVP, Engineering, 10% owner | Sold | 28,843 | $7.46 | $0.2M | Form 4 |
| Jun 15, 2026 | Michael ZagorsekChief Operating Officer | Sold | 64,994 | $7.46 | $0.5M | Form 4 |
| Jun 15, 2026 | Keyvan MohajerCEO, Director, 10% owner | Sold | 126,540 | $7.46 | $0.9M | Form 4 |
| Jun 15, 2026 | James Ming HomChief Product Officer, Director | Sold | 28,843 | $7.46 | $0.2M | Form 4 |
| Mar 23, 2026 | Diana SrokaDirector | Sold plan | 1,343 | $6.77 | $0.0M | Form 4 |
| Mar 20, 2026 | Nitesh SharanChief Financial Officer | Sold | 44,027 | $6.79 | $0.3M | Form 4 |
| Mar 20, 2026 | Keyvan MohajerCEO, Director, 10% owner | Sold | 124,510 | $6.79 | $0.8M | Form 4 |
| Mar 20, 2026 | James Ming HomChief Product Officer, Director | Sold | 31,019 | $6.79 | $0.2M | Form 4 |
| Mar 20, 2026 | Timothy StonehockerChief Technology Officer | Sold | 23,087 | $6.79 | $0.2M | Form 4 |
| Mar 20, 2026 | Michael ZagorsekChief Operating Officer | Sold | 52,968 | $6.79 | $0.4M | Form 4 |
| Mar 20, 2026 | Majid EmamiCSO & SVP, Engineering, 10% owner | Sold | 31,019 | $6.79 | $0.2M | Form 4 |
| Jan 9, 2026 | Timothy StonehockerChief Technology Officer | Sold plan | 29,676 | $12.00 | $0.4M | Form 4 |
| Dec 26, 2025 | Majid EmamiCSO & SVP, Engineering, 10% owner | Sold plan | 32,741 | $10.66 | $0.3M | Form 4 |
| Dec 24, 2025 | Timothy StonehockerChief Technology Officer | Sold plan | 2,121 | $10.97 | $0.0M | Form 4 |
| Dec 23, 2025 | Diana SrokaDirector | Sold plan | 1,343 | $10.88 | $0.0M | Form 4 |
| Dec 22, 2025 | Michael ZagorsekChief Operating Officer | Sold | 73,406 | $11.28 | $0.8M | Form 4 |
| Dec 22, 2025 | Majid EmamiCSO & SVP, Engineering, 10% owner | Sold plan | 42,600 | $11.28 | $0.5M | Form 4 |
| Dec 22, 2025 | Nitesh SharanChief Financial Officer | Sold | 60,780 | $11.28 | $0.7M | Form 4 |
| Dec 22, 2025 | Keyvan MohajerCEO, Director, 10% owner | Sold | 144,326 | $11.28 | $1.6M | Form 4 |
| Dec 22, 2025 | Timothy StonehockerChief Technology Officer | Sold plan | 31,329 | $11.28 | $0.4M | Form 4 |
| Dec 22, 2025 | James Ming HomChief Product Officer, Director | Sold | 42,600 | $11.28 | $0.5M | Form 4 |
| Nov 13, 2025 | Diana SrokaDirector | Sold plan | 1,343 | $12.99 | $0.0M | Form 4 |
| Oct 14, 2025 | Nitesh SharanChief Financial Officer | Sold plan | 60,376 | $21.21 | $1.3M | Form 4 |
| Oct 8, 2025 | Majid EmamiVP, Engineering, 10% owner | Sold plan | 41,167 | $20.00 | $0.8M | Form 4 |
| Oct 8, 2025 | Timothy StonehockerChief Technology Officer | Sold plan | 70,524 | $20.00 | $1.4M | Form 4 |
| Oct 8, 2025 | Keyvan MohajerCEO, Director, 10% owner | Sold plan | 118,654 | $20.00 | $2.4M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Soundhound Ai, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $21.6M | $9.2M | $95.3M | $198M | $248M |
| Debt incl. finance leases | β | $35.3M | $84.4M | $0.1M | β |
| Debt / equity | β | β | 3.0x | 0.0x | β |
| Interest coverage | β7.8x | β15.3x | β3.9x | β28.1x | β34.7x |
| Current ratio | 0.3x | 0.5x | 4.7x | 3.8x | 4.6x |
| Quick ratio | 0.3x | 0.5x | 4.7x | 3.8x | 4.6x |
| Total assets | $49.2M | $38.0M | $151M | $554M | $688M |
| Total liabilities | $113M | $74.6M | $123M | $371M | $224M |
| Shareholders' equity | β$343M | β$36.6M | $28.2M | $183M | $464M |
| Net debt (β = net cash) | β | $26.0M | β$10.8M | β$198M | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Soundhound Ai, Inc. passes 3 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β |
| F-score | β / 3 | 4 / 8 | 5 / 9 | 2 / 9 | 3 / 8 |
| Accruals ratio | β27.2% | β52.1% | β21.9% | β68.6% | 13.6% |
| Altman Z'' | β45.77 | β66.02 | β11.71 | β6.95 | β0.14 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $21.2M | $31.1M | $45.9M | $84.7M | $169M |
| Gross profit | $14.6M | $21.5M | $34.6M | $41.4M | $71.6M |
| Research and development | $59.2M | $76.4M | $51.4M | $70.6M | $98.3M |
| Operating income | β$65.3M | β$106M | β$68.6M | β$341M | β$23.3M |
| Interest expense | $8.3M | $6.9M | $17.6M | $12.2M | $0.7M |
| Pretax income | β$79.1M | β$114M | β$85.0M | β$360M | β$9.3M |
| Income tax | $0.5M | $2.9M | $3.9M | β$9.2M | $4.7M |
| Net income | β$79.5M | β$117M | β$88.9M | β$351M | β$14.0M |
| Net income to common | β$79.5M | β$117M | β$91.7M | β$351M | β$14.0M |
| Diluted EPS | β$1.18 | β$0.74 | β$0.40 | β$1.04 | β$0.28 |
| Diluted shares | 0.07B | 0.16B | 0.23B | 0.34B | 0.41B |
| Cash flow | |||||
| Cash from operations | β$66.2M | β$94.0M | β$68.3M | β$109M | β$98.2M |
| Capital expenditure | $0.6M | $1.3M | $0.4M | $0.6M | $0.9M |
| Free cash flow | β$66.8M | β$95.3M | β$68.7M | β$110M | β$99.1M |
| Depreciation and amortization | $5.5M | $4.0M | $2.3M | $1.2M | $1.0M |
| Stock-based compensation | $6.3M | $28.8M | $27.9M | $33.1M | $80.6M |
| Acquisitions | β | $0.0M | $0.0M | $11.7M | $54.6M |
| Balance sheet | |||||
| Cash and short-term investments | $21.6M | $9.2M | $95.3M | $198M | $248M |
| Total debt | β | $35.0M | $84.3M | $0.0M | β |
| Finance lease liabilities | β | $0.3M | $0.1M | $0.1M | $0.5M |
| Current assets | $27.5M | $17.7M | $114M | $256M | $329M |
| Current liabilities | $87.7M | $38.6M | $24.2M | $67.7M | $71.7M |
| Property and equipment, net | $6.2M | β | β | β | β |
| Goodwill | β | β | $0.0M | $102M | $122M |
| Intangible assets | β | β | $0.0M | $175M | $181M |
| Total assets | $49.2M | $38.0M | $151M | $554M | $688M |
| Total liabilities | $113M | $74.6M | $123M | $371M | $224M |
| Preferred stock | β | $0.0M | $14.2M | $0.0M | $0.0M |
| Shareholders' equity | β$343M | β$36.6M | $28.2M | $183M | $464M |
| Margins | |||||
| Gross margin | 68.9% | 69.2% | 75.4% | 48.9% | 42.4% |
| Operating margin | β308.2% | β339.5% | β149.6% | β403.0% | β13.8% |
| EBITDA margin | β282.2% | β326.6% | β144.5% | β401.6% | β13.2% |
| Net margin | β375.2% | β374.9% | β193.9% | β414.1% | β8.3% |
| FCF margin | β315.2% | β306.3% | β149.7% | β129.3% | β58.7% |
| Returns | |||||
| Return on capital | β | β | β314.8% | β | β |
| Return on capital employed | 169.5% | 18,063.6% | β54.1% | β70.2% | β3.8% |
| Return on equity | β | β | β | β332.7% | β4.3% |
| Return on assets | β161.7% | β267.7% | β94.1% | β99.5% | β2.3% |
| Return on tangible equity | β | β | β325.6% | β | β8.7% |
| Growth | |||||
| Revenue growth | β | 46.9% | 47.4% | 84.6% | 99.4% |
| Share count change | β | 133.9% | 45.7% | 47.6% | 21.0% |
| Financial health | |||||
| Debt / equity | β | β | 3.0x | 0.0x | β |
| Interest coverage | β7.8x | β15.3x | β3.9x | β28.1x | β34.7x |
| Current ratio | 0.3x | 0.5x | 4.7x | 3.8x | 4.6x |
| Quick ratio | 0.3x | 0.5x | 4.7x | 3.8x | 4.6x |
| Capital allocation | |||||
| Capex / revenue | 3.0% | 4.3% | 0.9% | 0.8% | 0.5% |
| Stock comp / revenue | 29.8% | 92.5% | 60.9% | 39.1% | 47.7% |
| Quality scores | |||||
| Piotroski F-score | β | 4.0 | 5.0 | 2.0 | 3.0 |
| Altman Z'' | β45.8 | β66.0 | β11.7 | β7.0 | β0.1 |
| Accruals ratio | β27.2% | β52.1% | β21.9% | β68.6% | 13.6% |
Source: SEC EDGAR XBRL filings (CIK 0001840856). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
