Smartbird vs Soundthinking
Smartbird is the larger business, with $152m of revenue in fiscal 2025 against $104m for Soundthinking (1.5 times as much). Soundthinking grew faster (2.1% against -19.7%). Soundthinking kept more of each dollar of sales as profit: a net margin of -9.0% against -50.7%.
| Latest fiscal year | SmartbirdBIRD, 2025 | SoundthinkingSSTI, 2025 |
|---|---|---|
| Revenue | $152m | $104m |
| Revenue growth | -19.7% | 2.1% |
| Net income | −$77.3m | −$9.4m |
| Operating margin | — | -8.4% |
| Net margin | -50.7% | -9.0% |
| Return on equity | -112.3% | -13.0% |
| Free cash flow | −$58.2m | $4.9m |
| Cash | $26.7m | $15.8m |
| Total debt | $17.4m | $4.0m |
| Debt to equity | — | 5.5% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $3.0m |
| Employees | 200 | 305 |
| Market value | $14.3m | $110m |
| Price vs our value range | — | — |
| Moat score | 13 (Weak) | 30 (Weak) |
| Insider trades, 12 months | 0 buys, 11 sales | 15 buys, 3 sales |