SoundHound AI Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	168.92	84.69	45.87	31.13	21.2
Revenue Growth (YoY)	99.45%	84.63%	47.36%	46.86%	62.84%
Cost of Revenue	96.77	43.31	11.31	9.6	6.59
Gross Profit	72.15	41.38	34.57	21.53	14.61
Selling, General & Admin	143.83	75.5	47.18	50.81	20.76
Research & Development	98.25	70.56	51.44	76.39	59.18
Amortization of Goodwill & Intangibles	15.87	7.12	-	-	-
Other Operating Expenses	0.6	-	-	-	-
Operating Expenses	258.55	153.17	98.62	127.2	79.94
Operating Income	-186.4	-111.78	-64.05	-105.67	-65.33
Interest Expense	-0.67	-12.17	-16.73	-6.89	-8.34
Interest & Investment Income	-	8.37	2.87	0.39	0.01
Currency Exchange Gain (Loss)	-	-0.7	-0.5	-0.7	-0.5
Other Non Operating Income (Expenses)	14.67	0.33	-1.21	-0.95	-4.92
EBT Excluding Unusual Items	-172.4	-115.95	-79.63	-113.82	-79.08
Merger & Restructuring Charges	-	-6.9	-4.56	-	-
Other Unusual Items	163.13	-237.08	-0.84	-	-
Pretax Income	-9.27	-359.93	-85.02	-113.82	-79.08
Income Tax Expense	4.73	-9.25	3.91	2.89	0.46
Net Income	-14.01	-350.68	-88.94	-116.71	-79.54
Preferred Dividends & Other Adjustments	-	0.42	2.77	-	-
Net Income to Common	-14.01	-351.1	-91.71	-116.71	-79.54
Shares Outstanding (Basic)	405	338	229	157	67
Shares Outstanding (Diluted)	405	338	229	157	67
Shares Change (YoY)	19.78%	47.63%	45.73%	133.91%	470.93%
EPS (Basic)	-0.03	-1.04	-0.40	-0.74	-1.18
EPS (Diluted)	-0.03	-1.04	-0.40	-0.74	-1.18
Free Cash Flow	-99.12	-109.52	-68.66	-95.35	-66.81
Free Cash Flow Per Share	-0.24	-0.32	-0.30	-0.61	-0.99
Gross Margin	42.71%	48.86%	75.35%	69.16%	68.93%
Operating Margin	-110.35%	-131.99%	-139.63%	-339.46%	-308.19%
Profit Margin	-8.29%	-414.55%	-199.92%	-374.93%	-375.24%
Free Cash Flow Margin	-58.68%	-129.31%	-149.67%	-306.30%	-315.20%
EBITDA	-152.27	-95.73	-61.74	-101.64	-59.83
EBITDA Margin	-90.14%	-113.03%	-134.59%	-	-282.23%
D&A For EBITDA	34.13	16.05	2.31	4.04	5.5
EBIT	-186.4	-111.78	-64.05	-105.67	-65.33
EBIT Margin	-110.35%	-131.99%	-139.63%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.