← SOUNDHOUND AI, INC.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net loss | ($982k) | ($115.4m) | ($88.9m) | ($350.7m) | ($14.0m) | — | |
| Depreciation and amortization | $5.5m | $4.0m | $2.3m | $16.1m | $34.1m | $41.2m | |
| Amortization of debt issuance cost | $4.7m | $2.3m | $5.4m | $1.6m | $0 | — | |
| Non-cash lease amortization | $3.6m | $3.2m | $3.3m | $2.6m | $2.9m | — | |
| Amortization of capitalized commissions | — | — | $0 | $0 | $1.6m | — | |
| Deferred income taxes | $112k | $2.1m | $30k | ($12.2m) | $1.3m | $1.4m | |
| Stock-based compensation | $6.3m | $28.8m | $27.9m | $33.1m | $80.6m | $78.5m | |
| Stock-based compensation included in capitalized software development costs | — | — | $0 | $0 | $2.4m | $78.5m | |
| Accounts receivable, net | $1.5m | ($1.4m) | ($627k) | ($10.3m) | ($1.3m) | ($32.9m) | |
| Accounts payable | $424k | $302k | ($1.2m) | ($7.6m) | $1.9m | ($5.6m) | |
| Accrued liabilities | $3.7m | $116k | $4.3m | $1.8m | ($3.9m) | $7.6m | |
| Deferred revenue | ($10.3m) | ($7.6m) | ($4.1m) | ($6.2m) | ($5.0m) | — | |
| Purchases of property and equipment under accrued liabilities | $584k | $0 | $0 | $220k | $163k | ($10.8m) | |
| Other current assets | ($917k) | $299k | ($821k) | ($3.1m) | ($3.0m) | ($6.1m) | |
| Other current liabilities | — | $0 | $0 | ($642k) | ($2.3m) | ($1.2m) | |
| Net cash used in operating activities | ($864k) |
($94.0m)
-10777.32%
|
($68.3m)
+27.39%
|
($108.9m)
-59.49%
|
($98.2m)
+9.79%
|
($114.5m)
-16.58%
|
|
| Loss on disposal of property and equipment | — | — | $0 | $0 | $42k | — | |
| Purchases of property and equipment | ($636k) | ($1.3m) | ($392k) | ($640k) | ($902k) | ($10.8m) | |
| Payment related to acquisitions, net of cash acquired | — | $0 | $0 | ($11.7m) | ($54.6m) | — | |
| Payment to settle contingent holdback liabilities from SYNQ3 acquisitions | — | $0 | $0 | ($217k) | ($198k) | — | |
| Fair value of contingent earnout and holdback consideration under acquisitions | — | $0 | $0 | $33.6m | — | — | |
| Net cash used in investing activities | ($133.0m) | ($1.3m) | ($392k) | ($12.4m) | ($59.5m) | ($91.9m) | |
| Loss on early extinguishment of debt | $0 | $0 | $837k | $15.6m | $0 | — | |
| Proceeds from the issuance of debt, net of issuance costs | $44.7m | $0 | $85.1m | $0 | $0 | — | |
| Payments on Term Loan and Amelia Debt | — | — | ($35.0m) | ($215.4m) | $0 | — | |
| Debt discount through issuance of common stock warrants | $3.8m | $0 | $4.1m | $0 | $0 | — | |
| Proceeds from sales of Class A common stock under the ELOC program, net of issuance costs | $25k | $0 | $71.6m | $0 | $0 | — | |
| Proceeds from sales of Class A common stock under the Sales Agreement, Equity Distribution Agreement, Execute Equity Distribution Agreement and Second Equity Distribution Agreement | $4.2m | $0 | $12.4m | $407.3m | $201.5m | — | |
| Proceeds from the issuance of common stock | $2.5m | $4.2m | $9.4m | $0 | $0 | — | |
| Conversion of Series A Preferred Stock to Class A common stock | $0 | $279.5m | $10.8m | $14.2m | $0 | — | |
| Issuance of Class A Common Stock to settle commitment shares related to the ELOC program | — | $0 | $915k | $0 | $3.9m | — | |
| Fair value of Class A common stock and deferred equity consideration issued to acquire SYNQ3 and Amelia | — | — | $0 | $33.6m | $0 | — | |
| Net cash provided by financing activities | $134.1m |
$82.0m
-38.85%
|
$168.2m
+105.16%
|
$210.9m
+25.36%
|
$208.1m
-1.34%
|
$178.2m
-14.37%
|
|
| Cash, cash equivalents, and restricted cash equivalents, beginning of year | $235k | $9.5m | $109.0m | $198.9m | $249.2m | — | |
| Net change in cash, cash equivalents, and restricted cash equivalents | ($22.2m) | ($13.3m) | $99.6m | $89.9m | $50.2m | — | |
| Current portion of restricted cash equivalents | $460k | $0 | $0 | $0 | $0 | — | |
| Non-current portion of restricted cash equivalents | $736k | $230k | $13.8m | $676k | $676k | — | |
| Effects of exchange rate changes on cash | $0 | $0 | ($20k) | $225k | ($98k) | — | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Loss on change in fair value of ELOC program | $0 | $1.1m | $1.9m | $0 | $0 | — | |
| Foreign currency gain/loss from remeasurement | — | $0 | $143k | ($24k) | ($947k) | — | |
| Change in fair value of contingent acquisition liabilities | — | $0 | $0 | $222.7m | ($163.1m) | — | |
| Change in fair value of derivative | ($23k) | — | $0 | $0 | ($4.7m) | — | |
| Other, net | $0 | $0 | $93k | ($580k) | $2.0m | — | |
| Prepaid expenses | ($98k) | ($1.2m) | $1.6m | $0 | $0 | — | |
| Contract assets | $0 | ($8.7m) | ($19.6m) | ($7.3m) | ($22.4m) | — | |
| Other non-current assets | ($1.5m) | ($539k) | $671k | ($196k) | ($4.5m) | — | |
| Operating lease liabilities | ($3.6m) | ($3.9m) | ($3.7m) | ($3.2m) | ($2.7m) | — | |
| Other non-current liabilities | ($1.0m) | $2.9m | $2.1m | ($415k) | $5.1m | — | |
| Capitalized software development costs | — | — | $0 | $0 | ($4.0m) | — | |
| Proceeds from the issuance of Series A Preferred Stock, net of issuance costs | $0 | $0 | $24.9m | $0 | $0 | — | |
| Proceeds from exercise of stock options and employee stock purchase plan | — | $0 | $0 | $29.7m | $10.8m | — | |
| Proceeds from warrants exercised | — | $0 | $0 | $23k | $114k | — | |
| Payment of financing costs associated with the Sales Agreement, Equity Distribution Agreement, Execute Equity Distribution Agreement, and Second Equity Distribution Agreement | ($425k) | $0 | $0 | ($10.4m) | ($4.0m) | — | |
| Payments on finance leases | ($2.6m) | ($1.3m) | ($159k) | ($125k) | ($169k) | — | |
| Cash and cash equivalents | $21.6m | $9.2m | $95.3m | $198.2m | $248.5m | $231.3m | |
| Cash paid for interest | $2.6m | $4.4m | $12.0m | $6.3m | $26k | — | |
| Cash paid for income taxes, net of refunds | $263k | $1.0m | $2.4m | $2.7m | $4.4m | — | |
| Deferred offering costs reclassified to additional paid-in capital | — | — | $0 | $220k | $210k | — | |
| Operating lease liabilities arising from obtaining right-of-use assets | $3.4m | $650k | $0 | $1.6m | $1.0m | — | |
| Fair value of deferred cash consideration under acquisition | — | $0 | $0 | $195k | $1.1m | — |