SoundHound AI Inc (SOUNW) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
2093 PHILADELPHIA PIKE #1968 CLAYMONT, DE 19703 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 198,240 | 95,260 | 9,245 | 235 | |||
| Cash and cash equivalent | 198,240 | 95,260 | 9,245 | 235 | |||
| Receivables | 12,715 | (203) | (109) | ||||
| Prepaid expense | 924 | 2,514 | 98 | ||||
| Contract with customer, asset, after allowance for credit loss | 13,204 | 11,780 | 1,671 | ||||
| Other current assets | 7,476 | 1,528 | 859 | ||||
| Other undisclosed current assets | 23,885 | 4,253 | 3,523 | ||||
| Total current assets: | 255,520 | 113,542 | 17,703 | 333 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 4,692 | 5,210 | 8,119 | ||||
| Long-term investments and receivables | 133,011 | ||||||
| Long-term investments | 133,011 | ||||||
| Intangible asset, including goodwill, after accumulated amortization | 276,647 | ||||||
| Goodwill | 101,704 | ||||||
| Intangible asset, excluding goodwill, after accumulated amortization | 174,943 | ||||||
| Contract with customer, asset, after allowance for credit loss | 12,879 | 16,492 | 7,041 | ||||
| Restricted cash and investments | 676 | 13,775 | 230 | ||||
| Deferred income tax assets | 4 | 11 | 55 | ||||
| Other noncurrent assets | 2,296 | 577 | 1,656 | ||||
| Other undisclosed noncurrent assets | 1,239 | 1,515 | 3,447 | ||||
| Total noncurrent assets: | 298,433 | 37,580 | 20,548 | 133,011 | |||
| TOTAL ASSETS: | 553,953 | 151,122 | 38,251 | 133,344 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 31,850 | 15,537 | 10,260 | 248 | |||
| Accounts payable | 5,559 | 1,653 | 2,798 | ||||
| Accrued liabilities | 26,291 | 13,884 | 7,462 | 248 | |||
| Deferred revenue | 23,876 | 4,310 | 5,812 | ||||
| Debt | 49 | 121 | 16,828 | ||||
| Business combination, contingent consideration, liability | |||||||
| Other liabilities | 7,319 | ||||||
| Due to related parties | ✕ | ✕ | ✕ | 2 | |||
| Other undisclosed current liabilities | 4,648 | 4,255 | 4,596 | ||||
| Total current liabilities: | 67,742 | 24,223 | 37,496 | 250 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 18,427 | ||||||
| Long-term debt, excluding current maturities | 18,299 | ||||||
| Finance lease, liability | 128 | ||||||
| Liabilities, other than long-term debt | 303,558 | 14,419 | 17,553 | 248 | |||
| Accounts payable and accrued liabilities | 3,075 | ||||||
| Deferred revenue | 6,862 | 4,910 | 7,543 | ||||
| Deferred income tax liabilities | |||||||
| Other liabilities | 4,320 | 6,420 | 4,295 | ||||
| Operating lease, liability | 2,403 | 3,089 | 5,715 | ||||
| Business combination, contingent consideration, liability | 286,898 | ||||||
| Derivative instruments and hedges, liabilities | 248 | ||||||
| Other undisclosed noncurrent liabilities | 84,312 | ||||||
| Total noncurrent liabilities: | 303,558 | 98,731 | 35,980 | 248 | |||
| Total liabilities: | 371,300 | 122,954 | 73,476 | 497 | |||
| Temporary equity, including noncontrolling interest | 133,011 | ||||||
| Equity | |||||||
| Equity, attributable to parent, including: | 182,653 | 28,168 | (35,225) | (164) | |||
| Preferred stock | 14,187 | ||||||
| Common stock | 0 | ||||||
| Additional paid in capital | 1,125,470 | 606,135 | 466,857 | 818 | |||
| Accumulated other comprehensive income | 205 | 199 | |||||
| Accumulated deficit | (943,060) | (592,379) | (502,102) | (983) | |||
| Other undisclosed equity, attributable to parent | 38 | 26 | 20 | ||||
| Total equity: | 182,653 | 28,168 | (35,225) | (164) | |||
| TOTAL LIABILITIES AND EQUITY: | 553,953 | 151,122 | 38,251 | 133,344 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Revenues | 84,693 | 45,873 | 31,129 | |||
| Cost of revenue | (43,309) | (11,307) | (9,599) | |||
| Cost of product and service sold | (7,700) | |||||
| Gross profit: | 41,384 | 34,566 | 21,530 | |||
| Operating expenses | (160,067) | (103,174) | (126,937) | (1,015) | ||
| Other undisclosed operating income (loss) | (222,670) | |||||
| Operating loss: | (341,353) | (68,608) | (105,407) | (1,015) | ||
| Nonoperating income (expense) | (18,575) | (16,415) | (7,077) | 33 | ||
| Investment income, nonoperating | 11 | |||||
| Other nonoperating income (expense) | 9,222 | (16,415) | (7,077) | |||
| Interest and debt expense | (15,629) | (837) | (6,893) | |||
| Loss from continuing operations before equity method investments, income taxes: | (375,557) | (85,860) | (119,377) | (982) | ||
| Other undisclosed income from continuing operations before income taxes | 15,629 | 837 | 6,893 | |||
| Loss from continuing operations before income taxes: | (359,928) | (85,023) | (112,484) | (982) | ||
| Income tax expense (benefit) | 9,247 | (3,914) | (2,889) | (211) | ||
| Loss from continuing operations: | (350,681) | (88,937) | (115,373) | (1,193) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (1,193) | |
| Other undisclosed net income | 211 | |||||
| Net loss attributable to parent: | (350,681) | (88,937) | (115,373) | (982) | ||
| Preferred stock dividends and other adjustments | (416) | (2,774) | ||||
| Net loss available to common stockholders, basic: | (351,097) | (91,711) | (115,373) | (982) | ||
| Dilutive securities, effect on basic earnings per share | ||||||
| Net loss available to common stockholders, diluted: | (351,097) | (91,711) | (115,373) | (982) | ||
Comprehensive Income ($ in thousands)
| 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Net loss: | (350,681) | (88,937) | (115,373) | (982) | ||
| Other comprehensive income | 6 | 199 | ||||
| Comprehensive loss: | (350,675) | (88,738) | (115,373) | (982) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2,774) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (350,675) | (91,512) | (115,373) | (982) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.