Soundhound AI, Inc. income statement
In fiscal 2025, Soundhound AI, Inc. reported revenue of $169m, up 99.4% on the year before, operating income of −$23.3m (a -13.8% margin) and net income of −$14.0m, or −$0.28 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 21 | 31 | 46 | 85 | 169 | 203 |
| Cost of revenue | 7 | 10 | 11 | 43 | 97 | 117 |
| Gross profit | 15 | 22 | 35 | 41 | 72 | 86 |
| Research and development | 59 | 76 | 51 | 71 | 98 | 101 |
| Selling and marketing | 4 | 20 | 19 | 29 | 62 | 70 |
| General and administrative | 17 | 30 | 28 | 53 | 82 | 97 |
| Operating income | −65 | −106 | −69 | −341 | −23 | −139 |
| Interest expense | 8 | 7 | 18 | 12 | 1 | 0 |
| Income before tax | −79 | −114 | −85 | −360 | −9 | −131 |
| Income tax | 0 | 3 | 4 | −9 | 5 | 6 |
| Net income | −80 | −117 | −89 | −351 | −14 | −137 |
| Diluted EPS | −$1.18 | −$0.74 | −$0.40 | −$1.04 | −$0.28 | −$0.32 |
| Diluted shares (average) | 67m | 157m | 229m | 338m | 409m | 423m |
| EBITDA | −60 | −102 | −66 | −340 | −22 | −133 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25 | 35 | 29 | 43 | 42 | 55 | 44 | 62 |
| Cost of revenue | 13 | 21 | 19 | 26 | 24 | 29 | 30 | 34 |
| Gross profit | 12 | 14 | 11 | 17 | 18 | 26 | 14 | 28 |
| Research and development | 20 | 20 | 25 | 26 | 23 | 25 | 26 | 27 |
| Selling and marketing | 8 | 10 | 12 | 16 | 16 | 17 | 19 | 17 |
| General and administrative | 17 | 16 | 18 | 18 | 24 | 21 | 26 | 26 |
| Operating income | −34 | −257 | 128 | −78 | −116 | 43 | −23 | −43 |
| Interest expense | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Income before tax | −32 | −258 | 131 | −73 | −109 | 42 | −24 | −41 |
| Income tax | −10 | 0 | 1 | 1 | 0 | 2 | 1 | 2 |
| Net income | −22 | −259 | 130 | −75 | −109 | 40 | −25 | −43 |
| Diluted EPS | −$0.06 | −$0.76 | $0.31 | −$0.19 | −$0.27 | −$0.14 | −$0.11 | −$0.10 |
| EBITDA | −28 | −264 | 136 | −70 | −107 | 19 | −13 | −32 |
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