I3 Verticals vs Soundhound AI
I3 Verticals is the larger business, with $213m of revenue in fiscal 2025 against $169m for Soundhound AI (1.3 times as much). Soundhound AI grew faster (99.4% against 11.5%). I3 Verticals kept more of each dollar of sales as profit: a net margin of 8.4% against -8.3%.
| Latest fiscal year | I3 VerticalsIIIV, 2025 | Soundhound AISOUN, 2025 |
|---|---|---|
| Revenue | $213m | $169m |
| Revenue growth | 11.5% | 99.4% |
| Net income | $17.9m | −$14.0m |
| Operating margin | — | -13.8% |
| Net margin | 8.4% | -8.3% |
| Return on equity | 4.6% | -4.3% |
| Free cash flow | $3.8m | −$99.1m |
| Cash | $66.7m | $248m |
| Total debt | $0 | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $37.6m | — |
| Employees | 1,202 | 954 |
| Market value | $355m | $1.82bn |
| Price vs our value range | — | — |
| Moat score | 42 (Weak) | 13 (Weak) |
| Insider trades, 12 months | 1 buys, 4 sales | 0 buys, 29 sales |