← SOUNDHOUND AI, INC.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Revenues | $21.2m |
$31.1m
+46.86%
|
$45.9m
+47.36%
|
$84.7m
+84.62%
|
$168.9m
+99.45%
|
$203.2m
+20.29%
|
|
| Cost of revenues | $6.6m |
$9.6m
+45.77%
|
$11.3m
+17.79%
|
$43.3m
+283.03%
|
$97.4m
+124.82%
|
$117.3m
+20.43%
|
|
| Gross Profit | $14.6m |
$21.5m
+47.34%
|
$34.6m
+60.55%
|
$41.4m
+19.72%
|
$71.6m
+72.90%
|
$85.9m
+20.11%
|
|
| Research and development | $59.2m | $76.4m | $51.4m | $70.6m | $98.2m | $101.0m | |
| Sales and marketing | $4.2m | $20.4m | $18.9m | $29.1m | $61.6m | — | |
| General and administrative | $16.5m | $30.2m | $28.3m | $53.3m | $82.2m | $97.2m | |
| Amortization of intangible assets | — | $0 | $0 | $7.1m | $15.9m | — | |
| Restructuring | $0 | $0 | $4.6m | $0 | $0 | ($61.5m) | |
| Total operating expenses | $86.5m | $136.5m | $114.5m | $426.0m | $192.2m | $286.7m | |
| Loss from operations | ($1.0m) |
($105.4m)
-10282.27%
|
($68.6m)
+34.91%
|
($341.4m)
-397.54%
|
($23.3m)
+93.18%
|
— | |
| Interest expense | ($8.3m) | ($6.9m) | ($17.6m) | ($12.2m) | ($670k) | $398k | |
| Other income, net | ($13.8m) | ($7.1m) | ($16.4m) | $9.2m | $14.7m | $64.6m | |
| Total other income (expense), net | $33k | ($8.2m) | ($16.4m) | ($18.6m) | $14.0m | — | |
| Loss before provision (benefit) for income taxes | ($79.1m) | ($112.5m) | ($85.0m) | ($359.9m) | ($9.3m) | — | |
| Provision (benefit) for income taxes | $456k | $2.9m | $3.9m | ($9.2m) | $4.7m | — | |
| Net loss | ($982k) | ($115.4m) | ($88.9m) | ($350.7m) | ($14.0m) | — | |
| Net loss attributable to SoundHound common stockholders | ($79.5m) | ($116.7m) | ($91.7m) | ($351.1m) | ($14.0m) | — | |
| Basic (in dollars per share) | ($1.18) | ($0.73) | ($0.39) | ($1.04) | ($0.03) | — | |
| Diluted (in dollars per share) | ($1.18) | ($0.73) | ($0.40) | ($1.04) | ($0.03) | — | |
| Change in fair value of contingent acquisition liabilities | — | $0 | $0 | $222.7m | ($163.1m) | — | |
| Loss on early extinguishment of debt | — | $0 | ($837k) | ($15.6m) | $0 | — | |
| Cumulative dividends attributable to Series A Preferred Stock | $0 | $0 | ($2.8m) | ($416k) | $0 | — | |
| Unrealized gains on investments | $1k | $0 | $199k | $6k | ($65k) | — | |
| Comprehensive loss | ($79.5m) | ($115.4m) | ($91.5m) | ($350.7m) | ($14.1m) | — |