SoundThinking, Inc., a public safety technology company, provides data-driven solutions and strategic advisory services for law enforcement, security teams, and civic leadership. Its SafetySmart platform that includes data-driven tools comprising ShotSpotter, an outdoor gunshot detection, location, and alerting system; CrimeTracer, an agency-wide crime data and intelligence platform that enables investigators, analysts, patrol officers and command staff to search through criminal justice records from across jurisdictions, leverage dashboards, and AI-assisted tools to generate tactical leads and make intelligent connections to solve cases; CaseBuilder, a one-stop investigative case management system for tracking, reporting and collaborating on cases; ResourceRouter, a software that directs the deployment of patrol and community anti-violence resources; PlateRanger powered by Rekor, an automatic license plate recognition and vehicle identification solution; and SafePointe, an artificial intelligence-based weapons detection system. The company also offers ShotSpotter for Campus and ShotSpotter for Corporate, to universities, corporate campuses, and key infrastructure centers to mitigate risk and enhance security by notifying authorities of outdoor gunfire incidents and saving critical minutes for first responders to arrive. In addition, it provides perimeter-based sniper gunshot detection solutions. The company sells its solutions through its direct sales teams. The company was formerly known as ShotSpotter, Inc. and changed its name to SoundThinking, Inc. in April 2023. SoundThinking, Inc. was founded in 1996 and is headquartered in Fremont, 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 | $104M | $1M | $-9M | $5M | -13.1% | 2.1% | 2.6% |
| 2024 | $102M | $2M | $-9M | $16M | -12.7% | 10.0% | 237.7% |
| 2023 | $93M | $9M | $-3M | $5M | -3.6% | 14.5% | -142.6% |
| 2022 | $81M | $8M | $6M | $1M | 10.5% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 81 | 92.72 | 102.03 | 104.13 |
| Operating Revenue | - | 81 | 92.72 | 102.03 | 104.13 |
| Cost Of Revenue | - | 34.22 | 39.99 | 44.15 | 47.49 |
| Gross Profit | - | 46.78 | 52.73 | 57.88 | 56.64 |
| Operating Expense | - | 48.19 | 59.65 | 65.96 | 65.17 |
| Research And Development | - | 10.03 | 12.14 | 13.92 | 15.87 |
| Selling General And Administration | - | 38.17 | 47.52 | 52.03 | 49.31 |
| Total Expenses | - | 82.41 | 99.64 | 110.10 | 112.66 |
| Operating Income | - | -1.41 | -6.92 | -8.07 | -8.54 |
| Total Operating Income As Reported | - | 7.75 | -1.24 | -7.86 | -8.73 |
| EBITDA | - | 7.79 | 9.17 | 1.82 | 0.56 |
| Normalized EBITDA | - | -1.36 | 3.49 | 1.60 | 0.76 |
| EBIT | - | -1.41 | -1.47 | -8.25 | -9.29 |
| Interest Income | 0.04 | 0.04 | - | - | - |
| Interest Expense | - | - | 0.05 | 0.15 | 0.02 |
| Net Interest Income | - | 0.04 | -0.05 | -0.15 | -0.02 |
| Other Non Operating Income Expenses | - | -0.24 | -0.23 | -0.39 | -0.56 |
| Other Income Expense | - | 8.91 | 5.46 | -0.18 | -0.75 |
| Interest Income Non Operating | 0.04 | 0.04 | - | - | - |
| Interest Expense Non Operating | - | - | 0.05 | 0.15 | 0.02 |
| Net Non Operating Interest Income Expense | - | 0.04 | -0.05 | -0.15 | -0.02 |
| Pretax Income | - | 7.55 | -1.51 | -8.40 | -9.31 |
| Tax Provision | - | 1.17 | 1.20 | 0.78 | 0.11 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 1.41 | 1.19 | 0.05 | -0.04 |
| Net Income Continuous Operations | - | 6.38 | -2.72 | -9.18 | -9.42 |
| Net Income From Continuing And Discontinued Operation | - | 6.38 | -2.72 | -9.18 | -9.42 |
| Net Income From Continuing Operation Net Minority Interest | - | 6.38 | -2.72 | -9.18 | -9.42 |
| Net Income | - | 6.38 | -2.72 | -9.18 | -9.42 |
| Net Income Common Stockholders | - | 6.38 | -2.72 | -9.18 | -9.42 |
| Net Income Including Noncontrolling Interests | - | 6.38 | -2.72 | -9.18 | -9.42 |
| Normalized Income | - | -1.35 | -7.21 | -9.35 | -9.26 |
| Diluted NI Availto Com Stockholders | - | 6.38 | -2.72 | -9.18 | -9.42 |
| Basic Average Shares | - | 12.17 | 12.43 | 12.71 | 12.72 |
| Diluted Average Shares | - | 12.32 | 12.43 | 12.71 | 12.72 |
| Reconciled Depreciation | - | 9.20 | 10.64 | 10.07 | 9.85 |
| Reconciled Cost Of Revenue | - | 34.22 | 39.99 | 44.15 | 47.49 |
| Total Unusual Items | - | 9.15 | 5.69 | 0.22 | -0.20 |
| Total Unusual Items Excluding Goodwill | - | 9.15 | 5.69 | 0.22 | -0.20 |
| Special Income Charges | - | 9.15 | 5.69 | 0.22 | -0.20 |
| Restructuring And Mergern Acquisition | - | -9.15 | -5.69 | -0.22 | 0.20 |
| General And Administrative Expense | - | 15.75 | 20.56 | 23.89 | 23.21 |
| Other Gand A | - | 15.75 | 20.56 | 23.89 | 23.21 |
| Total Other Finance Cost | -0.04 | -0.04 | 0.05 | 0.15 | - |
| Selling And Marketing Expense | - | 22.42 | 26.96 | 28.14 | 26.10 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| SoundThinking, Inc.this co. | SSTI | $99M | -10.51 | 1.37 | -13.1% | 159.23 |
| Nerdy Inc. | NRDY | $158M | -3.97 | 8.33 | -210.0% | -2.40 |
| Tucows Inc. | TCX | $153M | -2.01 | -0.93 | 46.2% | 18.01 |
| MicroVision, Inc. | MVIS | $143M | -1.50 | 2.57 | -171.0% | -2.08 |
| TTEC Holdings, Inc. | TTEC | $112M | - | 1.17 |
| - |
| - |
| - |
| - |
| - |
| -202.5% |
| - |
| Expensify, Inc. | EXFY | $111M | -5.19 | 0.84 | -16.1% | -5.60 |
| Airship AI Holdings, Inc. | AISP | $108M | 3.69 | -15.13 | -410.1% | -14.22 |
| CSP Inc. | CSPI | $94M | -1029.32 | 2.10 | -0.2% | -114.33 |
| AudioEye, Inc. | AEYE | $90M | -29.36 | 18.80 | -64.1% | 177.33 |
| Peer Median | - | -3.97 | 1.64 | -117.5% | -2.40 | |