undamentalytics Newsletter
Sign in

Sound Group Inc. (SOGP) stock

Add to watchlist

Add holding +

NASDAQ: SOGP Nasdaq Interactive Media & Services

B+ Fundamentals grade

Sound Group Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

Under review: our cash-flow value ($46.58) is 4.35x the share price ($10.71); a gap this wide almost always means a data problem.

Price vs value

Under review: our cash-flow value ($46.58) is 4.35x the share price ($10.71); a gap this wide almost always means a data problem. We'll show the comparison once resolved.

Sound Group Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 2 sales by directors and officers, last 12 monthsInsider trades
  • Funds4 adding, 4 cuttingOf 0 active managers that changed their stake, 0 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Sound Group files

Where Sound stands after its latest Filing

Revenue for the twelve months was $432m, up 52.9% on a year earlier, against a decline of 3.6% a quarter earlier. That growth ranks 5 of 63 among the interactive media & services companies we cover. Free-cash-flow margin rose to 8.9% from -2.9% a year earlier. Operating margin widened to 7.0% from -6.5%. The diluted share count is down 8.1% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B+. It passes 2 of our 2 financial-health checks.

Our model value for Sound Group is under review, so past values are not shown until it is resolved.

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.

The Fundamentalytics view

Sound Group Inc.'s trailing-twelve-month revenue grew 52.9% year on year, with a free-cash-flow margin of 8.9%. Where it stands out: stock pay as % of revenue of 0.1% ranks 2 of 61 interactive media & services companies we cover. Where it lags: gross margin of 29.2% ranks 45 of 54 interactive media & services companies we cover.

Our discounted-cash-flow model values the business at ~$47 per share in the base case (~$40–$55 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 52.9% (+56.4pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 52.9% over the last 12 months, against a median of 2.4% for interactive media & services companies we cover.
  • Growth speeding up. The growth rate is 56.4 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 11.4 points on a year ago.
  • Shrinking share count. Diluted shares fell 8.1% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.1bn.

Things to watch

  • Below peers: gross margin. Gross margin of 29.2% ranks 45 of 54 interactive media & services companies we cover (median 60.9%).

Price chart

  • 1 day-3.9%
  • 1 week-7.3%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$432M
Operating margin
7.0%
Net margin
7.3%
EPS (TTM, diluted)
$6.68

Growth

Revenue growth
+52.9%
Change in growth rate
+56.4 pts
Share count change
−8.1%

Cash

Free cash flow (TTM)
$38.5M
FCF margin
8.9%
Stock pay % of revenue
0.1%

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

No recent updates are available for SOGP from the sources we follow. See filings →

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Sound Group Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: our cash-flow value ($46.58) is 4.35x the share price ($10.71); a gap this wide almost always means a data problem.

Our value per share comes from a discounted-cash-flow model of Sound Group Inc.'s free cash flow after stock-based pay ( $4.1M, FY2025 Q4 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Sound Group Inc. as an operating company, with every model that fits that kind of business. Cost of equity 9.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.08 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$47 ~$40–$55 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$9.5 ~$44–$130 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Sound Group Inc. with Interactive Media & Services 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.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

No analyst estimates are published for Sound Group Inc.: too few analysts cover it.

Positioning

Short interest
4.3%
of tradable shares
Days to cover
22.86
at average volume
Short interest, 1 month
+2%
to October 15, 2026
Held by institutions
4%
of shares
Held by insiders
22.3%
of shares
Employees
590
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

Price behaviour

52-week range
Not enough history
From 52-week high
—
vs 50-day average
—
vs 200-day average
—
Volatility (1 year)
—
Beta vs S&P 500
—

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Sound Group Inc. in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Sound Group Inc.
$0 $200M $400M $600M FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Revenue (TTM), FY17 Q4: $67.1M Revenue (TTM), FY18 Q4: $121M Revenue (TTM), FY19 Q4: $171M Revenue (TTM), FY20 Q4: $217.8M Revenue (TTM), FY21 Q4: $328.6M Revenue (TTM), FY22 Q4: $325.4M Revenue (TTM), FY23 Q4: $292.8M Revenue (TTM), FY24 Q4: $282.4M Revenue (TTM), FY25 Q4: $431.7M $431.7M

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue (TTM)
FY17 Q4 $67.1M
FY18 Q4 $121M
FY19 Q4 $171M
FY20 Q4 $217.8M
FY21 Q4 $328.6M
FY22 Q4 $325.4M
FY23 Q4 $292.8M
FY24 Q4 $282.4M
FY25 Q4 $431.7M
Revenue growth, TTM YoY Sound Group Inc.
-50% 0% 50% 100% FY18 Q4 FY20 Q4 FY22 Q4 FY25 Q4 Revenue growth, TTM YoY, FY18 Q4: 80.2% Revenue growth, TTM YoY, FY19 Q4: 41.3% Revenue growth, TTM YoY, FY20 Q4: 27.4% Revenue growth, TTM YoY, FY21 Q4: 50.8% Revenue growth, TTM YoY, FY22 Q4: -1.0% Revenue growth, TTM YoY, FY23 Q4: -10.0% Revenue growth, TTM YoY, FY24 Q4: -3.6% Revenue growth, TTM YoY, FY25 Q4: 52.9% 52.9%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Revenue growth, TTM YoY
FY18 Q4 80.2%
FY19 Q4 41.3%
FY20 Q4 27.4%
FY21 Q4 50.8%
FY22 Q4 -1.0%
FY23 Q4 -10.0%
FY24 Q4 -3.6%
FY25 Q4 52.9%
Operating margin (TTM) Sound Group Inc.
-40% -20% 0% 20% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 Operating margin (TTM), FY17 Q4: -33.1% Operating margin (TTM), FY18 Q4: -1.5% Operating margin (TTM), FY19 Q4: -12.0% Operating margin (TTM), FY20 Q4: -5.9% Operating margin (TTM), FY21 Q4: -6.5% Operating margin (TTM), FY22 Q4: 3.0% Operating margin (TTM), FY23 Q4: -7.1% Operating margin (TTM), FY24 Q4: -4.4% Operating margin (TTM), FY25 Q4: 7.0% 7.0%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period Operating margin (TTM)
FY17 Q4 -33.1%
FY18 Q4 -1.5%
FY19 Q4 -12.0%
FY20 Q4 -5.9%
FY21 Q4 -6.5%
FY22 Q4 3.0%
FY23 Q4 -7.1%
FY24 Q4 -4.4%
FY25 Q4 7.0%
FCF margin (TTM) Sound Group Inc.
-15% -10% -5% 0% 5% 10% FY17 Q4 FY19 Q4 FY21 Q4 FY23 Q4 FY25 Q4 FCF margin (TTM), FY17 Q4: -8.7% FCF margin (TTM), FY18 Q4: -0.0% FCF margin (TTM), FY19 Q4: -10.5% FCF margin (TTM), FY20 Q4: 1.2% FCF margin (TTM), FY21 Q4: -2.9% FCF margin (TTM), FY22 Q4: 5.7% FCF margin (TTM), FY23 Q4: -5.9% FCF margin (TTM), FY24 Q4: -1.8% FCF margin (TTM), FY25 Q4: 8.9% 8.9%

Source: SEC EDGAR filings. Retrieved Invalid Date.

View chart data
Period FCF margin (TTM)
FY17 Q4 -8.7%
FY18 Q4 -0.0%
FY19 Q4 -10.5%
FY20 Q4 1.2%
FY21 Q4 -2.9%
FY22 Q4 5.7%
FY23 Q4 -5.9%
FY24 Q4 -1.8%
FY25 Q4 8.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 20-F. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Sound Group took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $432M
  2. Cost of revenue $306M · 70.8%
  3. Gross profit $126M · 29.2%
  4. Research and development $33.4M · 7.7%
  5. Selling, general and admin $62.3M · 14.4%
  6. Operating income $30.2M · 7.0%
  7. Net income $31.5M · 7.3%

Shares of revenue. Source: Sound Group's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025
Income
Revenue 67 121 171 218 329 325 293 282 432
Gross profit 18 35 39 53 96 107 83 77 126
EBITDA −22 −1 −19 −10 −18 13 −19 −11 31
Operating income −22 −2 −21 −13 −21 10 −21 −12 30
Net income −23 −1 −19 −12 −20 13 −19 −11 32
Diluted EPS — — — — −$4.03 $2.38 −$3.39 — $6.68
Growth (year on year)
Revenue — +80.2% +41.3% +27.4% +50.8% −1.0% −10.0% −3.6% +52.9%
EBITDA — — — — — — −250.6% — —
Operating income — — — — — — −310.3% — —
Net income — — — — — — −247.6% — —
Diluted EPS — — — — — — −242.4% — —
Margins
Gross margin 27.1% 29.2% 22.9% 24.5% 29.1% 32.8% 28.3% 27.4% 29.2%
EBITDA margin −32.5% −0.8% −11.1% −4.7% −5.6% 3.9% −6.5% −3.9% 7.2%
Operating margin −33.1% −1.5% −12.0% −5.9% −6.5% 3.0% −7.1% −4.4% 7.0%
Net margin −33.9% −1.2% −11.3% −5.5% −6.0% 4.0% −6.5% −4.0% 7.3%
Free-cash-flow margin −8.7% −0.0% −10.5% 1.2% −2.9% 5.7% −5.9% −1.8% 8.9%
Cash flow
Cash from operations −5 2 −14 6 −6 20 −17 −4 39
Capital spending 1 2 4 3 3 2 1 2 0
Free cash flow −6 −0 −18 3 −9 19 −17 −5 38
Stock-based pay — 0 0 7 6 4 4 2 1
Free cash flow after stock pay — −0 −18 −5 −15 14 −21 −7 38
Balance sheet
Cash 32 30 12 48 84 82 70 61 94
Total debt 0 0 0 6 11 11 0 1 0
Net debt (negative = net cash) −32 −30 −12 −42 −73 −72 −70 −60 −94
Diluted shares 1m 1m 1m 4m 5m 5m 5m 5m 5m
Returned to shareholders
Dividends — — — — — — — — 4
Buybacks — — — — — — — 1 4
Total returned — — — — — — — 1 8

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · December 31, 2025
What it owns · $107m
Short-term assets $102mLonger-term assets $6m
What it owes, and who funded it · $111m
Short-term liabilities $52mLonger-term liabilities $1mShareholders' equity $57m
  • Short-term assets cover short-term liabilities $102m of assets due within a year against $52m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $102m short-term assets against $1m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Sound Group Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2025 Q4 TTM
Buybacks (TTM)
$4M
Dividends (TTM)
$4.2M
Returned to shareholders
21%
of free cash flow
Diluted share count
−8.1%
year over year
Total shareholder yield
15.6%
dividends 8.0% + buybacks 7.6% of market value
Dividend payout ratio
13%
of net income paid out
R&D spending
7.7%
of revenue

Competitors: side by side with peers

Closest by revenue in interactive media & services
Last 12 months unless stated SOGP CCG ZIP TTGT ZH GRPN Median
Revenue, last 12 months $432m $419m $452m $485m $383m $497m $615m
Revenue growth, last 12 months 52.9% −13.2% 0.4% 25.3% −23.5% 2.0% 2.4%
Revenue growth, 3-year average — — −17.0% — — −2.9% 5.0%
Revenue growth, latest quarter — — 5.2% −3.2% — −0.8% 2.4%
Gross margin 29.2% 5.3% 89.1% 59.2% 59.9% 90.7% 60.4%
Operating margin 7.0% −0.7% 0.3% −46.5% −18.5% 0.9% 0.3%
Operating margin, 3-year average −10.9% — 1.6% −104.5% — 3.0% −0.4%
Net margin 7.3% −0.6% 6.2% −36.8% −7.0% −25.3% 3.8%
Cash from operations / revenue 9.0% −1.3% 4.9% 1.2% −13.2% 8.9% 11.4%
Free-cash-flow margin 8.9% −1.3% 4.7% 0.7% −13.3% 6.0% 7.5%
Free-cash-flow margin, 3-year average −0.9% — 8.5% — — 8.4% 7.2%
Stock pay / revenue 0.1% 0.8% 8.0% 3.2% 3.2% 8.4% 3.7%
Change in share count −8.1% 5.8% −11.5% 22.3% −12.3% 8.9% 2.0%

Median of all 63 companies we cover in interactive media & services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

63 interactive media & services companies
Measure Company Peer median Rank
Revenue growth Growth 52.9% 2.4% 5 of 63
Change in growth rate Growth +56.4pp -0.2pp 3 of 63
Gross margin Profitability 29.2% 60.9% 45 of 54
Operating margin Profitability 7.0% 0.3% 25 of 63
Net margin Profitability 7.3% 3.8% 24 of 63
Free-cash-flow margin Cash generation 8.9% 8.9% 30 of 59
Stock pay as % of revenue Cash generation 0.1% 3.9% 2 of 61
Change in share count Balance sheet -8.1% 1.7% 12 of 55

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$1.3M
Institutions reporting
11
Shares held vs prior quarter
▼ 1.2%
Positions opened / closed
1 / 2

Top buyers and sellers, Q2 2026: 4 institutions bought and 4 sold ; the biggest buyer was Alpine Global Management, LLC (+10K shares) and the biggest seller Group One Trading LLC (−9,038). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Ma Investment Partnership, LP $1.1M 100K 87.6% 0.0%
Alpine Global Management, LLC $112,733 10K 8.8% New
Rhumbline Advisers $21,281 2K 1.7% ▲ 0.5%
Group One Trading LLC $10,181 1K 0.8% ▼ 90.9%
UBS Group AG $8,183 1K 0.6% ▲ 22.5%
Jones Financial Companies LLLP $3,587 0K 0.3% ▼ 62.6%
Northwestern Mutual Wealth Management Co $1,208 0K 0.1% ▲ 8.0%
Morgan Stanley $786 0K 0.1% 0.0%
Physician Wealth Advisors, Inc. $539 0K 0.0% 0.0%
Sbi Securities Co., Ltd. $112 0K 0.0% 0.0%
Federation Des Caisses Desjardins Du Quebec $34 0K 0.0% 0.0%

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 Sound Group Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $16,895 2 trades by 1 insider · 0% under pre-set plans
Net ▼ $16,895 net selling
Insider Date Trade Shares Price Value
Zhang Ming Director April 2, 2026 Sell 1 $15.05 $15
Zhang Ming Director April 2, 2026 Sell 1,000 $16.88 $16,880

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.

Earnings dates and SEC filings

Results announcements

Recent SEC filings

Data status

When each part of this page on Sound Group Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Sound Group Inc. in brief

What does Sound Group Inc. do?
Sound Group Inc. is a US-listed company in the interactive media & services industry. Its financial year ends in December.
What is Sound Group Inc.'s stock ticker?
Sound Group Inc. trades under the ticker SOGP on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Sound Group Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Sound Group Inc. reported revenue of $432M, 52.9% higher than a year earlier, according to its SEC filings.
What is Sound Group Inc.'s free cash flow?
Sound Group Inc.'s free-cash-flow margin is 8.9% of revenue over the trailing twelve months, ranking 30 of the 59 interactive media & services companies we cover.
Who are Sound Group Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Ma Investment Partnership, LP, Alpine Global Management, LLC and Rhumbline Advisers. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Sound Group Inc. buying back stock, and does it pay a dividend?
Sound Group Inc. spent $4M on share repurchases over the trailing twelve months, and its diluted share count fell 8.1% over the year.
Does Sound Group Inc. pay a dividend?
Yes: Sound Group Inc. paid $4.2M in dividends over the trailing twelve months, a dividend yield of 8.01% and a payout ratio of 13.4%.
Who are Sound Group Inc.'s competitors?
In our Interactive Media & Services peer group, the companies closest to Sound Group Inc. are Cheche Group Inc., Ziprecruiter, Inc., Techtarget, Inc., Zhihu Inc. and Groupon, Inc. The side-by-side comparison below sets their revenue, margins and growth against Sound Group Inc.'s.
Are insiders buying or selling Sound Group Inc. stock?
Over the last 12 months, Sound Group Inc.'s directors and officers reported 0 open-market purchases and 2 sales on Form 4. The insider trading page charts every trade.