Auddia Inc. is a US-listed company in the application software industry. Its financial year ends in December.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Auddia has little or no product revenue yet; it used $8m of cash in the twelve months to June 2026. The diluted share count is up 13838.6% on a year earlier, which dilutes existing holders.
Our models give no value for Auddia at present, so past values are not shown.
Source: 10-Q filed August 14, 2026 on SEC EDGAR · Financials · Valuation
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Where it lags: operating margin of -127793.0% ranks 181 of 181 application software companies we cover.
Current signal Free cash flow diverging from earnings: TTM free cash flow fell 59.2% while net income fell 27.8%: a 31pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No model value for Auddia Inc. at the moment. Current status: no valuation model gives a value we can rate yet. Available reported financials are shown below.
We value Auddia Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.7%: the 10-year Treasury yield (4.9%) plus a beta of 1.05 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: no positive earnings in the latest twelve months |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: the model gives no positive value |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Price-to-sales vs peers Sales per share times peers' typical price-to-sales; used only when earnings are negative. | — 0 | Does not apply: no positive value |
| Combined value Weighted average of the models that apply: the primary model (price-to-earnings vs peers) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | — | No model applies: the filings don’t yet support a value. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Auddia Inc. with Application Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: High.
No analyst estimates are published for Auddia Inc.: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Mar 2025 | −$41.89 | −$28.38 | +32.2% |
| Dec 2024 | −$43.20 | −$115.07 | −166.4% |
| Sept 2024 | −$57.60 | −$65.45 | −13.6% |
| Jun 2024 | −$66.76 | −$81.69 | −22.4% |
Adjusted EPS as companies report it, against the average analyst estimate.
| Calendar year | 2022 | 2023 | 2024 | 2025 | 2026 to date |
|---|---|---|---|---|---|
| Return | |||||
| AUUD | −46% | −74% | −92% | −89% | −89% |
| Industry peers (median) | −50% | +19% | +2% | −20% | −14% |
| S&P 500 | −18% | +26% | +25% | +18% | +11% |
| Months that ended higher | |||||
| AUUD | 42% | 50% | 17% | 17% | 18% |
| S&P 500 | 42% | 67% | 75% | 75% | 46% |
| Largest fall from a high during the year | |||||
| AUUD | −62% | −87% | −93% | −91% | −91% |
| S&P 500 | −25% | −10% | −8% | −19% | −9% |
Worst fall since February 17, 2021: 100% from July 2, 2021 to October 30, 2026. Getting back needed a 3055617% gain, and the shares have not yet recovered.
| Results released | Next day | S&P 500 next day | 5 days | 21 days |
|---|---|---|---|---|
| September 6, 2024 | −13.1% | −0.6% | −15.2% | −31.4% |
| August 23, 2024 | −8.2% | +0.8% | −22.3% | −34.2% |
| March 18, 2024 | +15.1% | +1.2% | −8.7% | +7.8% |
| November 9, 2023 | −6.4% | +0.8% | +5.4% | +30.0% |
| August 25, 2023 | +1.2% | +1.3% | +2.6% | −6.7% |
Source: SEC EDGAR filings. Retrieved October 31, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q3 | $0 |
| FY23 Q4 | $0 |
| FY24 Q1 | $0 |
| FY24 Q2 | $0 |
| FY24 Q3 | $0 |
| FY24 Q4 | $0 |
| FY25 Q1 | $0 |
| FY25 Q2 | $0 |
| FY25 Q3 | $0 |
| FY25 Q4 | $0 |
| FY26 Q1 | $0 |
| FY26 Q2 | $7.6K |
Source: SEC EDGAR filings. Retrieved October 31, 2026.
| Period | Revenue growth, TTM YoY |
|---|---|
| FY21 Q4 | -100.0% |
| FY22 Q1 | -100.0% |
| FY22 Q2 | -100.0% |
| FY22 Q3 | -100.0% |
Source: SEC EDGAR filings. Retrieved October 31, 2026.
| Period | Operating margin (TTM) |
|---|---|
| FY20 Q4 | -2206.1% |
| FY21 Q1 | -5379.3% |
| FY21 Q2 | -252635.6% |
| FY21 Q3 | -84126040.0% |
| FY26 Q2 | -127793.0% |
Source: SEC EDGAR filings. Retrieved October 31, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY20 Q4 | -1798.6% |
| FY21 Q1 | -7150.4% |
| FY21 Q2 | -376354.0% |
| FY21 Q3 | -95477100.0% |
| FY26 Q2 | -104267.7% |
| Fiscal year | 2019 Dec 2019 | 2020 Dec 2020 | 2021 Dec 2021 | 2022 Dec 2022 | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 | LTM Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | −3 | −2 | −5 | −6 | −6 | −6 | −6 | −8 |
| Operating income | −4 | −2 | −6 | −7 | −7 | −8 | −8 | −10 |
| Net income | −5 | −4 | −13 | −7 | −9 | −9 | −8 | −10 |
| Diluted EPS | −$1251.63 | −$52.19 | −$8.13 | −$58.61 | −$3.23 | −$57.69 | −$5.60 | — |
| Growth (year on year) | ||||||||
| Revenue | — | −75.8% | −100.0% | — | — | — | — | — |
| Margins | ||||||||
| EBITDA margin | −678.2% | <−999% | — | — | — | — | — | <−999% |
| Operating margin | −828.7% | <−999% | — | — | — | — | — | <−999% |
| Net margin | <−999% | <−999% | — | — | — | — | — | <−999% |
| Free-cash-flow margin | −644.8% | <−999% | — | — | — | — | — | <−999% |
| Cash flow | ||||||||
| Cash from operations | −3 | −2 | −5 | −5 | −5 | −5 | −6 | −8 |
| Capital spending | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | −3 | −2 | −6 | −5 | −5 | −5 | −6 | −8 |
| Stock-based pay | 0 | 0 | 1 | 1 | 1 | 1 | 0 | 0 |
| Free cash flow after stock pay | −3 | −2 | −7 | −6 | −6 | −6 | −6 | −8 |
| Balance sheet | ||||||||
| Cash | 0 | 0 | 6 | 2 | 1 | 3 | 3 | 10 |
| Total debt | 8 | 8 | 0 | 2 | 3 | 0 | 0 | 0 |
| Net debt (negative = net cash) | 7 | 8 | −6 | 0 | 2 | −3 | −3 | −10 |
| Diluted shares | — | — | — | — | — | — | 1m | — |
| Quarter | 2024 Q3 Sept 2024 | 2024 Q4 Dec 2024 | 2025 Q1 Mar 2025 | 2025 Q2 Jun 2025 | 2025 Q3 Sept 2025 | 2025 Q4 Dec 2025 | 2026 Q1 Mar 2026 | 2026 Q2 Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Income | ||||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 |
| EBITDA | −1,452 | −1,683 | −1,319 | −1,210 | −2,022 | −1,589 | −2,052 | −2,763 |
| Operating income | −1,948 | −2,260 | −1,751 | −1,567 | −2,380 | −1,999 | −2,288 | −3,024 |
| Net income | −1,949 | −2,262 | −1,753 | −1,569 | −2,381 | −1,991 | −2,282 | −2,975 |
| Diluted EPS | −$2.82 | −$4.99 | −$29.69 | −$22.69 | −$12.33 | $1.26 | −$5.09 | −$0.71 |
| Margins | ||||||||
| EBITDA margin | — | — | — | — | — | — | — | <−999% |
| Operating margin | — | — | — | — | — | — | — | <−999% |
| Net margin | — | — | — | — | — | — | — | <−999% |
| Free-cash-flow margin | — | — | — | — | — | — | — | <−999% |
| Cash flow | ||||||||
| Cash from operations | −1,170 | −1,290 | −1,443 | −1,065 | −1,827 | −1,298 | −2,275 | −2,508 |
| Capital spending | 4 | −0 | — | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | −1,173 | −1,290 | — | −1,065 | −1,827 | −1,298 | −2,275 | −2,508 |
| Stock-based pay | 119 | 312 | 77 | 21 | 93 | 15 | 15 | 15 |
| Free cash flow after stock pay | −1,293 | −1,601 | — | −1,087 | −1,920 | −1,312 | −2,290 | −2,523 |
| Last 12 months unless stated | AUUD | VHC | AMST | CYN | BNAI | YAAS | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $7584 | $114000 | $364777 | $387130 | $420993 | $539474 | $482m |
| Revenue growth, last 12 months | −100.0% | 128.0% | 230.2% | −11.0% | 547.7% | 3.5% | 12.0% |
| Revenue growth, 3-year average | — | 106.2% | −24.4% | — | — | — | 11.1% |
| Revenue growth, latest quarter | −100.0% | −100.0% | 41.9% | 328.3% | >999% | — | 11.9% |
| Gross margin | — | — | — | 34.6% | 100.0% | 33.4% | 69.2% |
| Operating margin | <−999% | <−999% | −861.7% | <−999% | <−999% | −529.3% | 1.1% |
| Operating margin, 3-year average | — | <−999% | <−999% | <−999% | <−999% | — | −0.8% |
| Net margin | <−999% | <−999% | −848.7% | <−999% | <−999% | <−999% | 2.1% |
| Cash from operations / revenue | <−999% | <−999% | −588.5% | <−999% | <−999% | −725.5% | 18.2% |
| Free-cash-flow margin | <−999% | <−999% | −588.5% | <−999% | <−999% | −725.5% | 15.0% |
| Free-cash-flow margin, 3-year average | — | <−999% | <−999% | <−999% | <−999% | — | 16.2% |
| Stock pay / revenue | >999% | >999% | 73.5% | 359.2% | 130.2% | 42.1% | 9.3% |
| Change in share count | 427.8% | −0.5% | 40.0% | — | — | 0.9% | 2.2% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Operating margin Profitability | -127793.0% | 1.1% | 181 of 181 |
| Net margin Profitability | -126962.0% | 2.1% | 185 of 185 |
| Stock pay as % of revenue Cash generation | 1816.9% | 9.3% | 175 of 177 |
| Change in share count Balance sheet | 427.8% | 1.7% | 162 of 163 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Jane Street Group, LLC | $204,546 | 152K | 87.5% | New |
| Geode Capital Management, LLC | $16,812 | 12K | 7.2% | New |
| Tower Research Capital LLC (TRC) | $6,451 | 5K | 2.8% | New |
| Morgan Stanley | $4,604 | 3K | 2.0% | New |
| Westside Investment Management, Inc. | $1,350 | 1K | 0.6% | New |
| Citigroup Inc | $1 | 0K | 0.0% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Auddia Inc.'s complete shareholder register. Values are as reported by the filers .
| Insider | Date | Trade | Shares | Price | Value |
|---|---|---|---|---|---|
| Thramann Jeffrey John CEO and Executive Chairman | December 31, 2025 | Sell | 2,301 | $0.96 | $2,209 |
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Next expected around December 18, 2024 estimated from the company's past filing pattern, not announced
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| Financial statements | SEC 10-K and 10-Q filings | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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