SoundHound AI Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	131.45	84.69	45.87	31.13	21.2
Revenue Growth (YoY)	136.97%	84.63%	47.36%	46.86%	-
Cost of Revenue	78.19	43.31	11.31	9.6	6.59
Gross Profit	53.26	41.38	34.57	21.53	14.61
Selling, General & Admin	115.88	82.4	47.18	50.81	20.76
Depreciation & Amortization Expenses	12.82	7.12	-	-	-
Research & Development	90.5	70.56	51.44	76.39	59.18
Other Operating Expenses	74.85	222.67	4.56	-	-
Operating Income	-240.79	-341.35	-68.61	-105.67	-65.33
Interest Expense	-2.82	-12.17	-16.73	-6.89	-8.34
Other Non-Operating Income (Expense)	-	-6.41	0.32	-1.26	-5.42
Total Non-Operating Income (Expense)	-2.82	-18.58	-16.42	-8.15	-13.76
Pretax Income	-233.25	-359.93	-85.02	-113.82	-79.08
Provision for Income Taxes	-8.11	-9.25	3.91	2.89	0.46
Net Income	-225.85	-351.1	-91.71	-116.71	-79.54
Net Income Attributable to Preferred Dividends	-	-0.42	-2.77	-	-
Net Income to Common	-225.85	-351.1	-91.71	-116.71	-79.54
Shares Outstanding (Basic)	382	338	229	157	67
Shares Outstanding (Diluted)	388	338	229	157	67
Shares Change (YoY)	39.91%	47.63%	45.73%	133.91%	-
EPS (Basic)	-0.68	-1.04	-0.40	-0.74	-1.18
EPS (Diluted)	-0.70	-1.04	-0.40	-0.74	-1.18
Free Cash Flow	-112.78	-109.52	-68.66	-95.35	-66.81
Free Cash Flow Per Share	-0.29	-0.32	-0.30	-0.61	-0.99
Gross Margin	40.52%	48.86%	75.35%	69.16%	68.93%
Operating Margin	-183.18%	-403.05%	-149.56%	-339.46%	-308.19%
Profit Margin	-171.28%	-414.06%	-193.88%	-374.93%	-375.24%
FCF Margin	-85.80%	-129.31%	-149.67%	-306.30%	-315.20%
EBITDA	-209.4	-322.69	-62.95	-98.45	-56.24
EBITDA Margin	-159.30%	-381.01%	-137.22%	-316.25%	-265.32%
EBIT	-240.79	-341.35	-68.61	-105.67	-65.33
EBIT Margin	-183.18%	-403.05%	-149.56%	-339.46%	-308.19%
Effective Tax Rate	3.47%	2.57%	-4.60%	-2.54%	-0.58%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.