SOGP Nasdaq Services-Computer Programming, Data Processing, Etc. Financials FY2017βFY2025
Sound Group Inc. had $432M of revenue in fiscal 2025, up 52.9% on the year before. Over five years, revenue changed +14.7% a year on average.
Last close Β· Oct 26, 2026
$11.62
β$6.17 (β34.68%) past year
Hi! I read Sound Group Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+52.9%
Yes. Sales grew 52.9% last year.
Does it make a profit?
7.1%
A little. It keeps 7.1% of every sale as profit.
Does profit turn into cash?
8.9%
Partly. 8.9% of sales ends up as free cash.
How healthy are the accounts?
8 / 8
Solid. It passes 8 of 8 health tests.
How is the share priced?
17.4x
One share costs 17.4 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA summarises the numbers
Sound Group Inc. had $432M of revenue in fiscal 2025, up 52.9% on the year before.
Over five years, revenue changed +14.7% a year on average.
Its operating margin was 7.0%, up 11.4Β pts: of every 100 in sales, about 7 is left after running the business.
Revenue
Margins, % of revenue
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).
Loss periods are shown in red.
KIRA summarises the numbers
Sound Group Inc. made $30.7M of net profit in fiscal 2025.
Net income
Diluted EPS
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.
How much cash comes in, and where does it go?
Cash from operations minus capital spending.
KIRA summarises the numbers
Free cash flow was $38.5M in fiscal 2025, 8.9% of revenue.
Free cash flow
Cash from operations vs 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.
KIRA summarises the numbers
Sound Group Inc. returned $4.0M to shareholders in fiscal 2025, 10% of free cash flow.
The diluted share count fell 8.1%.
Dividends and buybacks
Diluted shares outstanding (annual)
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).
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.
KIRA summarises the numbers
In the last 12 months, insiders sold $0.0M of shares on the open market and bought none.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
1 insider
Of sales under plans
0%
$0.0M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Apr 2, 2026 | Ming ZhangDirector | Sold | 1,001 | $16.88 | $0.0M | Form 4 |
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.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Sound Group Inc. can carry it.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $84.0M | $98.5M | $69.7M | $60.5M | $93.6M |
| Debt incl. finance leases | $10.9M | $10.7M | β | $1.0M | β |
| Net debt / EBITDA | β | β7.0x | β | β | β |
| Debt / equity | 0.3x | 0.2x | β | 0.0x | β |
| Interest coverage | β47.7x | 26.9x | β94.5x | β215.6x | β |
| Current ratio | 1.6x | 1.9x | 2.0x | 1.6x | 1.9x |
| Quick ratio | 1.6x | 1.9x | 2.0x | 1.6x | 1.9x |
| Total assets | $101M | $113M | $79.7M | $71.4M | $107M |
| Total liabilities | $61.1M | $55.6M | $38.9M | $42.1M | $53.6M |
| Shareholders' equity | $40.1M | $56.9M | $42.2M | $32.2M | $57.3M |
| Net debt (β = net cash) | β$73.1M | β$87.8M | β | β$59.5M | β |
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.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Return on capital, equity and assets (annual)
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
KIRA summarises the numbers
Sound Group Inc. passes 8 of 8 financial health tests (Piotroski F-score).
| Test | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 3 / 8 | 5 / 9 | 4 / 9 | 7 / 9 | 3 / 8 | 4 / 8 | 8 / 8 |
| Accruals ratio | β | β10.2% | β19.7% | β38.8% | β15.6% | β6.9% | β2.6% | β10.0% | β9.3% |
| Altman Z'' | β | β17.68 | β68.25 | β14.50 | β10.58 | β4.94 | β11.46 | β13.59 | β4.03 |
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.
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||
| Revenue | $67.1M | $121M | $171M | $218M | $329M | $325M | $292M | $282M | $432M |
| Net interest income | β | β | β | β$0.3M | β | β$0.0M | β$0.2M | β$0.1M | β$0.0M |
| Provision for credit losses | β | β | β | β | β | β | β$0.0M | β | β$0.0M |
| Gross profit | $18.2M | $35.2M | $39.1M | $53.4M | $95.7M | $106M | $82.6M | $77.4M | $126M |
| Research and development | $6.4M | $12.6M | $22.9M | $32.6M | $41.0M | $42.1M | $42.6M | $32.3M | $33.4M |
| Operating income | β$22.2M | β$1.8M | β$20.5M | β$12.8M | β$21.5M | $9.9M | β$20.8M | β$12.5M | $30.2M |
| Interest expense | $0.2M | β | β | $0.3M | $0.5M | $0.4M | $0.2M | $0.1M | β |
| Pretax income | β$22.7M | β$1.4M | β$19.2M | β$11.8M | β$19.7M | $12.9M | β$18.9M | β$10.8M | $31.1M |
| Income tax | β | β | $0.0M | $0.1M | $0.1M | $0.0M | $0.1M | $0.5M | $0.4M |
| Net income | β$22.7M | β$1.4M | β$19.2M | β$11.9M | β$19.7M | $12.8M | β$19.0M | β$11.3M | $30.7M |
| Net income to common | β$65.8M | β$34.1M | β$155M | β$34.2M | β$19.7M | $12.8M | β$17.9M | β$9.7M | $31.5M |
| Diluted EPS | β$5.12 | β$2.63 | β$11.95 | β$0.78 | β$0.40 | $0.24 | β$0.34 | β$0.19 | $0.67 |
| Diluted shares | 0.01B | 0.01B | 0.01B | 0.04B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B |
| Cash flow | |||||||||
| Cash from operations | β$4.6M | $2.1M | β$13.9M | $5.8M | β$6.3M | $20.2M | β$16.5M | β$3.7M | $39.0M |
| Capital expenditure | $1.2M | $2.1M | $4.0M | $3.1M | $3.1M | $1.7M | $0.8M | $1.5M | $0.5M |
| Free cash flow | β$5.8M | β$0.0M | β$17.9M | $2.7M | β$9.4M | $18.5M | β$17.4M | β$5.2M | $38.5M |
| Depreciation and amortization | $0.4M | $0.9M | $1.6M | $2.6M | $3.0M | $2.7M | $1.9M | $1.5M | $1.0M |
| Stock-based compensation | β | $0.0M | $0.0M | $7.4M | $5.8M | $4.3M | $3.8M | $2.0M | $0.6M |
| Share buybacks | β | β | β | β | β | β | β | $1.4M | $4.0M |
| Dividends and buybacks | β | β | β | β | β | β | β | $1.4M | $4.0M |
| Balance sheet | |||||||||
| Cash and short-term investments | $31.7M | $29.9M | $11.9M | $59.4M | $84.0M | $98.5M | $69.7M | $60.5M | $93.6M |
| Total debt | β | β | $0.0M | $6.0M | $10.9M | $10.7M | β | $1.0M | β |
| Finance lease liabilities | β | β | β | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | β |
| Current assets | β | $31.7M | $15.0M | $64.2M | $90.9M | $105M | $75.0M | $67.0M | $101M |
| Current liabilities | β | $22.7M | $27.6M | $44.1M | $57.7M | $53.9M | $38.4M | $41.5M | $52.2M |
| Property and equipment, net | β | $2.5M | $4.7M | $5.3M | $5.3M | $3.8M | $2.4M | $2.3M | $1.7M |
| Intangible assets | β | $0.2M | $0.2M | $0.4M | $0.4M | $0.2M | $0.2M | $0.2M | $0.1M |
| Total assets | β | $34.4M | $20.2M | $70.9M | $101M | $113M | $79.7M | $71.4M | $107M |
| Total liabilities | β | $22.7M | $27.6M | $45.1M | $61.1M | $55.6M | $38.9M | $42.1M | $53.6M |
| Shareholders' equity | β$108M | β$135M | β$287M | $25.9M | $40.1M | $56.9M | $42.2M | $32.2M | $57.3M |
| Margins | |||||||||
| Gross margin | 27.1% | 29.2% | 22.9% | 24.5% | 29.1% | 32.8% | 28.3% | 27.4% | 29.2% |
| Operating margin | β33.1% | β1.5% | β12.0% | β5.9% | β6.5% | 3.1% | β7.1% | β4.4% | 7.0% |
| EBITDA margin | β32.5% | β0.8% | β11.1% | β4.7% | β5.6% | 3.9% | β6.5% | β3.9% | 7.2% |
| Net margin | β33.9% | β1.2% | β11.3% | β5.5% | β6.0% | 4.0% | β6.5% | β4.0% | 7.1% |
| FCF margin | β8.7% | β0.0% | β10.5% | 1.2% | β2.9% | 5.7% | β5.9% | β1.8% | 8.9% |
| Net interest share of revenue | β | β | β | β0.2% | β | β0.0% | β0.1% | β0.0% | β0.0% |
| Returns | |||||||||
| Return on capital employed | β | β15.4% | 277.8% | β48.0% | β49.4% | 16.9% | β50.4% | β41.6% | 55.0% |
| Return on equity | β | β | β | β | β59.8% | 26.5% | β38.3% | β30.3% | 68.6% |
| Return on assets | β | β4.1% | β70.5% | β26.1% | β22.9% | 12.0% | β19.8% | β14.9% | 34.4% |
| Return on tangible equity | β | β | β | β134.6% | β49.6% | 22.6% | β42.6% | β30.1% | 55.1% |
| Growth | |||||||||
| Revenue growth | β | 79.8% | 41.6% | 27.5% | 50.9% | β1.2% | β9.9% | β3.5% | 52.9% |
| Net income growth | β | β | β | β | β | β | β247.8% | β | β |
| EPS growth | β | β | β | β | β | β | β242.0% | β | β |
| FCF growth | β | β | β | β | β445.3% | β | β193.9% | β | β |
| Share count change | β | 0.0% | 0.0% | 239.7% | 12.3% | 4.7% | 3.9% | β4.8% | β8.1% |
| Financial health | |||||||||
| Net debt / EBITDA | β | β | β | β | β | β7.0x | β | β | β |
| Debt / equity | β | β | β | 0.2x | 0.3x | 0.2x | β | 0.0x | β |
| Interest coverage | β139.6x | β | β | β37.0x | β47.7x | 26.9x | β94.5x | β215.6x | β |
| Current ratio | β | 1.4x | 0.5x | 1.5x | 1.6x | 1.9x | 2.0x | 1.6x | 1.9x |
| Quick ratio | β | 1.4x | 0.5x | 1.5x | 1.6x | 1.9x | 2.0x | 1.6x | 1.9x |
| Capital allocation | |||||||||
| Capex / revenue | 1.7% | 1.8% | 2.4% | 1.4% | 0.9% | 0.5% | 0.3% | 0.5% | 0.1% |
| Stock comp / revenue | β | 0.0% | 0.0% | 3.4% | 1.8% | 1.3% | 1.3% | 0.7% | 0.1% |
| Payouts / FCF | β | β | β | β | β | β | β | β | 10.4% |
| Quality scores | |||||||||
| Piotroski F-score | β | β | 3.0 | 5.0 | 4.0 | 7.0 | 3.0 | 4.0 | 8.0 |
| Altman Z'' | β | β17.7 | β68.3 | β14.5 | β10.6 | β4.9 | β11.5 | β13.6 | β4.0 |
| Accruals ratio | β | β10.2% | β19.7% | β38.8% | β15.6% | β6.9% | β2.6% | β10.0% | β9.3% |
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
Source: SEC EDGAR XBRL filings (CIK 0001783407). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. Filed in CNY under US GAAP and converted to US$: income and cash-flow lines at each period's average exchange rate, balance-sheet lines at the period-end rate. Per-share figures are per US-listed share (1 ADS = 20 ordinary shares). For information only β not investment advice. Check the original filings before relying on any figure.
