Soundhound AI, Inc. (SOUN)

Key figures

The last twelve months reported, with the latest price and balance sheet.

Revenue, last twelve months

$203.2M

Revenue growth

54.6%

Net income, last twelve months

-$137.1M

Gross margin

42.3%

Operating margin

-68.5%

Net margin

-67.5%

Free cash flow

-$115.9M

Return on equity

-27.9%

Market value

$2.0B

Cash

$202.8M

Debt

$0

Debt to equity

0.00

Financial statements

Revenue, profit and cash flow by fiscal year, each year linked to its annual report.

By quarter

What the company said with its results

From the second quarter of 2026 results, filed 5 August 2026.

• Revenue reached $61.9 million. Revenue was $61.9 million, up 45.0% from $42.7 million a year earlier, an all-time high for the company.
• Enterprise AI deals drove growth. Management attributed the quarter's growth to major enterprise AI deals linked to the OASYS platform.
• Bottom line improved year over year. Management said the bottom line improved year over year; the GAAP net loss was $(42.8) million against $(74.7) million a year earlier.
• Seven-figure healthcare system deal. A nationally ranked healthcare system with 30,000 employees signed a seven-figure deal; several healthcare renewals and new wins were also reported.
• Banking and brokerage renewals. Rakuten Securities, one of Japan's largest online brokerages, renewed; several banks, asset managers and insurers also renewed.
• Automotive infotainment deal in China. A seven-figure deal was signed with a major automotive infotainment software company in China.
• Restaurant chains add ordering products. Ruby Tuesday signed to use Smart Answering and Smart Ordering, and several quick-service restaurant brands signed for drive-thru ordering.
• OASYS draws enterprise interest. Management said interest in OASYS, its agentic platform, is building, and called the technology category-defining.
• Latin America partnership, initial 8-figure deal. A multi-year partnership with a Latin American company brings SoundHound technology to a network spanning over 20 countries.
• Global IT services partner agreement. A partner agreement with a global IT services and consulting provider covers enterprise digital transformation work.
• Pizza brand technology widely live. A prominent pizza brand has SoundHound technology live in more than 75% of its total locations.
• GAAP gross margin rose. GAAP gross margin was 45.1% against 39.0% a year earlier; non-GAAP gross margin was 58.4%, unchanged from the prior-year quarter.
• Adjusted EBITDA loss narrowed. Adjusted EBITDA loss was $(9.6) million against $(14.3) million a year earlier; non-GAAP net loss was $(9.0) million.
• Contingent liability gain in GAAP result. GAAP operating loss includes a gain of $4 million from the fair value of contingent acquisition liabilities, tied to stock price movement.

Revenue by segment

As the company reports it in the segment note of its annual report.

By region, FY2025

Company events

The newest 8-K filings of 60 held.

Every filing

The newest filings with the SEC of 208 held.

Insider trades

Form 4 trades by officers, directors and 10% owners, last 12 months.

Planned insider sales

Form 144 notices, filed when the sell order goes to the broker.

Large holders

Schedule 13D and 13G filings by holders of more than 5% of the voting shares.

Trades by members of the House

From each member's periodic transaction report.

Short interest

Shares sold short and not yet bought back, on each FINRA settlement date.

Funds that hold it

From each fund's latest Form 13F.

527 funds held it at 30 Jun 2026: 207 added and 119 trimmed in the quarter. The largest:

Peers

Companies in the same industry.

• Microsoft Corp. (MSFT): revenue $346.4B, market value $3.95T
• Palantir Technologies Inc. (PLTR): revenue $6.2B, market value $473.1B
• Oracle Corp. (ORCL): revenue $71.8B, market value $436.3B
• SAP SE (SAP): revenue $41.6B, market value $276.7B
• CrowdStrike Holdings, Inc. (CRWD): revenue $5.4B, market value $273.1B
• Shopify Inc. (SHOP): revenue $13.3B, market value $218.4B
• Salesforce, Inc. (CRM): revenue $43.9B, market value $199.5B
• ServiceNow, Inc. (NOW): revenue $15.4B, market value $155.6B
• Snowflake Inc. (SNOW): revenue $5.4B, market value $119.8B
• Cloudflare, Inc. (NET): revenue $2.5B, market value $113.0B

What the company does

SoundHound AI builds voice and conversational AI software that other companies build into their products and services. The company states its mission as voice-enabling the world through an independent AI platform. Its customers include makers of cars, TVs and IoT devices, and service businesses such as restaurants. Its technology works in 25 languages, and at 31 December 2025 it had approximately 954 full-time employees.

What it sells

The base of the business is Houndify, an open-access developer platform. It gives developers voice AI tools and a library of over 100 content domains, such as points of interest, weather, flight status and sports. The tools include APIs for text and voice queries, support for custom commands, software development kits, diagnostic tools and built-in analytics. Companies can also add private domains of their own content.

SoundHound says its Speech-to-Meaning technology recognises speech and works out its meaning in one step. Most traditional approaches first turn speech into text and then text into meaning. Its Deep Meaning Understanding technology is built to handle complex queries with several criteria and follow-up questions.

- Smart Ordering, which takes food and drink orders by phone, at menu kiosks or at the drive-thru, and integrates with multiple POS systems. - Smart Answering, a custom voice assistant that answers calls for establishments such as restaurants. - - SoundHound Chat AI, a voice assistant that combines its knowledge domains with large language models such as OpenAI's ChatGPT. - Wake words, text-to-speech voices, and edge, cloud and hybrid versions that can run with or without a cloud connection.

In 2025 the company launched the Amelia 7 platform, an AI agent orchestration platform. In vehicles it lets several agents carry out tasks and transactions for the driver.

How it makes money

The company describes three revenue pillars. In Product Royalties, a product maker pays a royalty based on volume, usage or duration when SoundHound is built into a car, TV or other device. In Service Subscriptions, service providers pay fixed monthly fees or usage-based fees for things like customer service or food ordering. This line also includes the Amelia Software Platform and Virtual Assistance.

The filing says the majority of current revenue comes from royalties and subscriptions. Monetization today comes only from the SoundHound music identification app, mainly from ad impressions and, to a lesser extent, affiliate referrals. The company says it expects monetization to grow over time. Professional services that customise the platform are included in the royalty and subscription lines. The company reports revenue in three regions: Americas, Asia and EMEA. In the past about 40% of its revenue has come in the first half of the year and 60% in the second half.

Who it sells to

SoundHound sells mainly to enterprises across automotive, TV, IoT, apps and restaurants, and it also serves customer service operations. The 2025 purchase of Interactions Corporation added customers the company describes as global consumer brands, large technology device brands, insurers and automakers. Sales and marketing uses an account-based approach. The company notes that enterprise sales cycles can be longer than consumer ones.

How it describes its competition

The company groups other voice AI providers into big tech and legacy vendors. It says big tech assistants tend to take over a product's whole experience, brand and data, and in some cases compete with the customers they serve. It says legacy vendors use older technology that takes much effort to make competitive. SoundHound says it does not compete with its customers and offers white label solutions so customers keep their brand. It also says customers can set their own privacy controls.

Where it came from

Its founders began work in 2005, and the company says it is still run by that founding team. The SoundHound music identification app launched in 2009 and has over 300 million downloads. Houndify was introduced in 2015 and launched in 2016. The company went public in 2022. It has bought SYNQ3 (3 January 2024), Amelia Holdings, Inc. (6 August 2024) and Interactions Corporation (3 September 2025).

Patents and people

The company reports over 359 patents granted and over 102 patents pending, covering speech recognition, natural language understanding, machine learning and monetization. Of its 461 patents granted and pending, more than 40 are in conversational monetization.

Of its employees, about 56% are in the United States and 44% are in international locations. Many staff can choose their office location or work from home some or all of the time.

*From SoundHound's annual report on Form 10-K for the year ended 31 December 2025. [The filing](https://www.sec.gov/Archives/edgar/data/1840856/000184085626000006/soun-20251231.htm)*

From the company's 10-K.