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SoundHound AI, Inc. provides independent voice artificial intelligence (AI) solutions that enables businesses across the automotive, TV, IoT, and customer service industries to deliver conversational experiences to customers in the United States, Korea, France, Japan, Germany, and internationally. The company offers Houndify platform, which provides a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI, a voice assistant with integrated generative AI that integrates with knowledge domains, pulling real-time data, such as weather, sports, stocks, flight status, restaurants, and other data; and SoundHound Smart Answering, which offers customer establishments the option to build an easy to use custom AI-powered voice assistant. It also provides CaiNET software that uses machine learning to enhance how domains work together to handle complex queries; CaiLAN software that arbitrates responses, so users get answers from the right domain; Dynamic Interaction, a real-time multimodal customer service interface; Smart Ordering, which offers an easy-to-understand voice assistant for restaurants; automatic speech recognition; natural language understanding; wake words; custom domains; text-to-speech; Employee Assist; and edge and cloud connectivity, which includes embedded voice solutions. In addition, the company offers Amelia Platform, which builds AI agents for enterprises; Chat AI for Automotive; Dynamic Drive-Thru for GenAI; Voice Commerce, which connects drivers and merchants with Voice AI; Autonomics Platform; Custom Voice AI Solutions; Voice AI Platform; and SoundHound Music App. SoundHound AI, Inc. was founded in 2005 and is headquartered in Santa Clara, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $169M | $28M | $-14M | $-103M | -3.0% | 99.4% | - |
| 2024 | $85M | $-329M | $-351M | $-110M | -192.0% | 84.6% | - |
| 2023 | $46M | $-63M | $-89M | $-69M | -315.7% | 47.4% | - |
| 2022 | $31M | $-100M | $-117M | $-95M | 319.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 31.13 | 45.87 | 84.69 | 168.92 |
| Cost Of Revenue | 9.60 | 11.31 | 43.31 | 97.37 |
| Gross Profit | 21.53 | 34.57 | 41.38 | 71.55 |
| Operating Expense | 127.20 | 98.62 | 160.07 | 257.95 |
| Operating Income | -105.67 | -64.05 | -118.68 | -186.40 |
| EBITDA | -99.70 | -62.63 | -329.09 | 28.43 |
| EBIT | -106.93 | -68.29 | -347.76 | -8.60 |
| Pretax Income | -113.82 | -85.02 | -359.93 | -9.27 |
| Tax Provision | 2.89 | 3.91 | -9.25 | 4.73 |
| Net Income | -116.71 | -88.94 | -350.68 | -14.01 |
| Net Income Common Stockholders | -116.71 | -91.71 | -351.10 | -14.01 |
| Total Expenses | 136.80 | 109.92 | 203.38 | 355.32 |
| Interest Expense | 6.89 | 16.73 | 12.17 | 0.67 |
| Interest Income | 0.39 | 2.87 | 8.37 | 9.80 |
| Research And Development | 76.39 | 51.44 | 70.56 | 98.25 |
| Selling General And Administration | 50.81 | 47.18 | 82.40 | 143.83 |
| Normalized EBITDA | -98.02 | -55.34 | -92.02 | -139.37 |
| Normalized Income | -115.39 | -83.17 | -119.77 | -146.57 |
| Basic EPS | -0.74 | -0.40 | -1.04 | -0.03 |
| Diluted EPS | -0.74 | -0.40 | -1.04 | -0.28 |
| Tax Effect Of Unusual Items | -0.35 | -1.53 | -6.16 | 35.24 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.03 | 0.21 |
| Total Unusual Items | -1.68 | -7.29 | -237.08 | 167.80 |
| Total Unusual Items Excluding Goodwill | -1.68 | -7.29 | -237.08 | 167.80 |
| Net Income From Continuing Operation Net Minority Interest | -116.71 | -88.94 | -350.68 | -14.01 |
| Reconciled Depreciation | 7.23 | 5.66 | 18.67 | 37.04 |
| Reconciled Cost Of Revenue | 2.37 | 5.65 | 31.76 | 76.20 |
| Net Interest Income | -6.50 | -13.87 | -3.80 | 9.13 |
| Net Income From Continuing And Discontinued Operation | -116.71 | -88.94 | -350.68 | -14.01 |
| Total Operating Income As Reported | -105.67 | -68.61 | -341.35 | -23.27 |
| Diluted Average Shares | 157.32 | 229.26 | 338.46 | 409.46 |
| Basic Average Shares | 157.32 | 229.26 | 338.46 | 405.42 |
| Diluted NI Availto Com Stockholders | -116.71 | -91.71 | -351.10 | -113.52 |
| Average Dilution Earnings | 0 | 0 | 0 | -99.51 |
| Preferred Stock Dividends | 0 | 2.77 | 0.42 | 0 |
| Net Income Including Noncontrolling Interests | -116.71 | -88.94 | -350.68 | -14.01 |
| Net Income Continuous Operations | -116.71 | -88.94 | -350.68 | -14.01 |
| Other Income Expense | -1.65 | -7.11 | -237.45 | 168 |
| Other Non Operating Income Expenses | 0.03 | 0.19 | -0.37 | 0.19 |
| Special Income Charges | 0 | -5.39 | -237.08 | 163.13 |
| Other Special Charges | 0 | 0.84 | 15.63 | 0 |
| Restructuring And Mergern Acquisition | 0 | 4.56 | 221.45 | -163.13 |
| Gain On Sale Of Security | -1.68 | -1.90 | 0 | 4.68 |
| Net Non Operating Interest Income Expense | -6.50 | -13.87 | -3.80 | 9.13 |
| Interest Expense Non Operating | 6.89 | 16.73 | 12.17 | 0.67 |
| Interest Income Non Operating | 0.39 | 2.87 | 8.37 | 9.80 |
| Depreciation Amortization Depletion Income Statement | 0 | 0 | 7.12 | 15.87 |
| Depreciation And Amortization In Income Statement | 0 | 0 | 7.12 | 15.87 |
| Amortization | 0 | 0 | 7.12 | 15.87 |
| Amortization Of Intangibles Income Statement | 0 | 0 | 7.12 | 15.87 |
| Selling And Marketing Expense | 20.37 | 18.89 | 29.13 | 61.64 |
| General And Administrative Expense | 30.44 | 28.29 | 53.27 | 82.19 |
| Other Gand A | 30.44 | 28.29 | 53.27 | 82.19 |
| Operating Revenue | 31.13 | 45.87 | 84.69 | 168.92 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SoundHound AI, Inc.this co. | SOUN | $3.3B | - | 7.03 | -3.0% | -20.62 |
| Webull Corporation | BULL | $3.6B | - | 3.48 | 2.4% | - |
| Navitas Semiconductor Corporation | NVTS | $3.6B | - | 8.04 | -26.4% | -54.68 |
| Synaptics Incorporated | SYNA | $3.5B | - | 2.48 | -3.4% | 41.61 |
| Dave Inc. | DAVE | $3.4B | 19.01 | 9.88 |
| 55.5% |
| 17.94 |
| Bel Fuse Inc. | BELFB | $3.3B | 55.54 | 7.68 | 11.9% | 26.42 |
| Varonis Systems, Inc. | VRNS | $3.2B | - | 5.36 | -21.6% | -19.29 |
| Qualys, Inc. | QLYS | $3.2B | 16.47 | 5.71 | 35.3% | 11.85 |
| Workiva Inc. | WK | $3.1B | - | -555.77 | 481.4% | -94.42 |
| Peer Median | - | 19.01 | 5.53 | 7.2% | 11.85 | |