SoundHound AI, Inc. (SOUN)

SoundHound AI Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	102.23	84.69	45.87	31.13	21.2	13.02
Revenue Growth (YoY)	101.39%	84.63%	47.36%	46.86%	62.84%	69.56%
Cost of Revenue	57.15	43.31	11.31	9.6	6.59	5.86
Gross Profit	45.08	41.38	34.57	21.53	14.61	7.15
Selling, General & Admin	90.1	75.5	47.18	50.81	20.76	18.88
Research & Development	80.43	70.56	51.44	76.39	59.18	54.28
Operating Expenses	180.5	153.17	98.62	127.2	79.94	73.16
Operating Income	-135.42	-111.78	-64.05	-105.67	-65.33	-66
Interest Expense	-6.74	-12.17	-16.73	-6.89	-8.34	-2.27
Interest & Investment Income	8.37	8.37	2.87	0.39	0.01	0.17
Currency Exchange Gain (Loss)	-0.7	-0.7	-0.5	-0.7	-0.5	0.02
Other Non Operating Income (Expenses)	1.74	0.33	-1.21	-0.95	-4.92	-1.81
EBT Excluding Unusual Items	-132.75	-115.95	-79.63	-113.82	-79.08	-69.89
Merger & Restructuring Charges	-6.9	-6.9	-4.56	-	-	-
Other Unusual Items	-56.81	-237.08	-0.84	-	-	-3.78
Pretax Income	-196.46	-359.93	-85.02	-113.82	-79.08	-73.67
Income Tax Expense	-8.72	-9.25	3.91	2.89	0.46	0.74
Net Income	-187.74	-350.68	-88.94	-116.71	-79.54	-74.41
Preferred Dividends & Other Adjustments	0.78	0.42	2.77	-	-	3.18
Net Income to Common	-188.52	-351.1	-91.71	-116.71	-79.54	-77.59
Shares Outstanding (Basic)	365	338	229	157	67	12
Shares Outstanding (Diluted)	365	338	229	157	67	12
Shares Change (YoY)	46.32%	47.63%	45.73%	133.91%	470.93%	1.53%
EPS (Basic)	-0.52	-1.04	-0.40	-0.74	-1.18	-6.59
EPS (Diluted)	-0.52	-1.04	-0.40	-0.74	-1.18	-6.59
Free Cash Flow	-106.82	-109.52	-68.66	-95.35	-66.81	-48.47
Free Cash Flow Per Share	-0.29	-0.32	-0.30	-0.61	-0.99	-4.11
Gross Margin	44.09%	48.86%	75.35%	69.16%	68.93%	54.96%
Operating Margin	-132.47%	-131.99%	-139.63%	-339.46%	-308.19%	-507.06%
Profit Margin	-184.41%	-414.55%	-199.92%	-374.93%	-375.24%	-596.06%
Free Cash Flow Margin	-104.49%	-129.31%	-149.67%	-306.30%	-315.20%	-372.33%
EBITDA	-113.08	-95.73	-61.74	-101.64	-59.83	-59.97
EBITDA Margin	-110.61%	-113.03%	-134.59%	-	-282.23%	-
D&A For EBITDA	22.34	16.05	2.31	4.04	5.5	6.04
EBIT	-135.42	-111.78	-64.05	-105.67	-65.33	-66
EBIT Margin	-132.47%	-131.99%	-139.63%	-	-	-

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q