← SOUNDHOUND AI, INC.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | — | $21.6m | $9.2m | $95.3m | $198.2m | $248.5m | |
| Accounts receivable, net of allowances of $2,254 and $726 as of December 31, 2025 and 2024, respectively | — | $2.1m | $3.4m | $4.0m | $23.2m | $32.3m | |
| Other current assets | — | $2.0m | $859k | $1.5m | $7.5m | $10.1m | |
| Restricted cash equivalents, non-current | — | $736k | $230k | $13.8m | $676k | $676k | |
| Total current assets | — | $333k | $17.7m | $113.5m | $255.5m | $329.1m | |
| Property and equipment, net | — | $6.2m | $3.4m | $1.5m | $1.2m | $2.9m | |
| Goodwill | — | — | — | $0 | $101.7m | $122.3m | |
| Intangible assets, net | — | — | — | $0 | $174.9m | $181.4m | |
| Right-of-use assets | — | $10.3m | $8.1m | $5.2m | $4.7m | $3.8m | |
| Contract assets and unbilled revenue, net | — | — | $1.7m | $11.8m | $26.6m | $38.2m | |
| Deferred tax asset | — | $2.2m | $55k | $11k | $4k | $29k | |
| Contract assets and unbilled revenue, non-current, net | — | $0 | $7.0m | $16.5m | $12.9m | $29.9m | |
| Other non-current assets | — | $2.4m | $1.7m | $577k | $2.3m | $18.0m | |
| Operating lease liabilities | — | $3.3m | $3.3m | $2.6m | $1.9m | $1.8m | |
| Finance lease liabilities | — | $1.3m | $160k | $121k | $49k | $332k | |
| Income tax liability | — | $2.7m | $1.3m | $1.6m | $2.8m | $2.7m | |
| Deferred revenue | — | $6.0m | $5.8m | $4.3m | $23.9m | $24.0m | |
| Contingent acquisition liabilities (Note 12) | — | — | — | — | $0 | $4.4m | |
| Other current liabilities | — | — | — | $0 | $7.3m | $1.6m | |
| Operating lease liabilities, net of current portion | — | $8.6m | $5.7m | $3.1m | $2.4m | $2.1m | |
| Contingent acquisition liabilities, net of current portion (Note 12) | — | — | — | $0 | $286.9m | $129.2m | |
| Income tax liability, net of current portion | — | — | — | $2.5m | $3.1m | $2.3m | |
| Other non-current liabilities | — | $1.3m | $4.3m | $6.4m | $4.3m | $9.5m | |
| Total stockholders’ equity | ($716) | ($164k) | ($36.6m) | $28.2m | $182.7m | $463.8m | |
| Total assets | — | $133.3m | $38.3m | $151.1m | $554.0m | $688.2m | |
| Total liabilities and stockholders’ equity | — | $133.3m | $38.3m | $151.1m | $554.0m | $688.2m | |
| Accounts payable | — | $3.8m | $2.8m | $1.7m | $5.6m | $10.6m | |
| Accrued liabilities | — | $7.3m | $7.5m | $13.9m | $26.3m | $26.3m | |
| Deferred revenue, net of current portion | — | $15.0m | $7.5m | $4.9m | $6.9m | $8.2m | |
| Total current liabilities | $716 | $250k | $37.5m | $24.2m | $67.7m | $71.7m | |
| Deferred tax liability | — | — | — | — | $0 | $1.4m | |
| Total liabilities | $716 | $497k | $73.5m | $123.0m | $371.3m | $224.4m | |
| Series A Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; 0 and 0 shares issued and outstanding, aggregate liquidation preference of $— and $— as of December 31, 2025 and 2024, respectively | — | — | 0 | 14.2m | 0 | 0 | |
| Common stock value | — | $416 | $20k | $26k | $38k | $40k | |
| Additional paid-in capital | — | $818k | $466.9m | $606.1m | $1.1b | $1.4b | |
| Accumulated deficit | ($716) | ($983k) | ($502.1m) | ($592.4m) | ($943.1m) | ($957.1m) | |
| Accumulated other comprehensive income | — | — | $0 | $199k | $205k | $140k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.