SoundHound AI, Inc.

SOUN

SOUNSoundHound AI, Inc. US flag

NASDAQ Global Market

8.08

USD

-0.74

- -

3.50BMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	13	21	31	46	85	169
+ Sales & Services Revenue	13	21	31	46	85	169
- Cost of Revenue	6	7	10	11	43	97
+ Cost of Goods & Services	6	7	10	11	43	97
Gross Profit	7	15	22	35	41	72
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	73	80	127	99	160	258
+ Selling, General & Admin	19	21	51	47	82	144
+ Research & Development	54	59	76	51	71	98
+ Other Operating Expense	- -	- -	- -	- -	7	16
Operating Income (Loss)	-66	-65	-106	-64	-119	-186
- Non-Operating (Income) Loss	8	14	8	21	241	-177
+ Interest Expense, Net	2	8	7	14	4	-9
+ Interest Expense	2	8	7	17	12	1
- Interest Income	- -	- -	- -	3	8	10
+ Other Non-Op (Income) Loss	6	5	2	7	237	-168
Pretax Income	-74	-79	-114	-85	-360	-9
- Income Tax Expense (Benefit)	1	- -	3	4	-9	5
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-74	-80	-117	-89	-351	-14
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-74	-80	-117	-89	-351	-14
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-74	-80	-117	-89	-351	-14
- Preferred Dividends	3	- -	- -	3	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-78	-80	-117	-92	-351	-14
EBIT	-66	-65	-106	-64	-119	-186
EBITDA	-60	-56	-98	-58	-100	-149
EBITDA Margin (%)	-460.68	-265.32	-316.25	-127.29	-118.09	-88.42
EBITA	-66	-65	-106	-64	-119	-186
Gross Margin (%)	54.96	68.93	69.16	75.35	48.86	42.36
Operating Margin (%)	-507.06	-308.19	-339.46	-139.63	-140.13	-110.35
Profit Margin (%)	-571.61	-375.24	-374.93	-193.88	-414.06	-8.29
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	6	9	7	6	19	37
Basic Weighted Avg Shares	70	67	157	229	338	405
Basic EPS, GAAP	-1.11	-1.18	-0.74	-0.4	-1.04	-0.03
Basic EPS from Cont Ops	-1.07	-1.18	-0.74	-0.39	-1.04	-0.03
Diluted Weighted Avg Shares	70	67	157	229	338	409
Diluted EPS, GAAP	-1.11	-1.18	-0.74	-0.4	-1.04	-0.03
Diluted EPS from Cont Ops	-1.07	-1.18	-0.74	-0.39	-1.04	-0.03

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	49	27	18	114	256	329
+ Cash, Cash Equivalents & STI	44	22	9	95	198	248
+ Cash & Cash Equivalents	44	22	9	95	198	248
+ ST Investments	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	4	2	5	16	50	71
+ Accounts Receivable, Net	4	2	3	4	23	32
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	2	12	27	38
+ Inventories	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	2	4	3	2	7	10
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	15	22	20	38	298	359
+ Property, Plant & Equip, Net	10	16	12	7	6	7
+ Property, Plant & Equip	32	44	43	39	39	37
- Accumulated Depreciation	22	27	32	32	33	31
+ LT Investments & Receivables	- -	- -	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	4	5	9	31	293	352
+ Total Intangible Assets	- -	- -	- -	- -	277	304
+ Goodwill	- -	- -	- -	- -	102	122
+ Other Intangible Assets	- -	- -	- -	- -	175	181
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	4	5	9	31	16	49
Total Assets	64	49	38	151	554	688
+ Payables & Accruals	7	10	7	10	19	26
+ Accounts Payable	3	4	3	2	6	11
+ Accrued Taxes	3	3	1	2	3	3
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	1	3	2	7	10	12
+ ST Debt	2	64	20	3	2	2
+ ST Borrowings	- -	60	17	- -	- -	- -
+ ST Finance Leases	2	5	3	3	2	2
+ Other ST Liabilities	15	13	12	11	47	44
+ Deferred Revenue	12	6	6	4	24	24
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	3	7	6	7	23	20
Total Current Liabilities	25	88	39	24	68	72
+ LT Debt	14	9	24	87	2	2
+ LT Borrowings	13	- -	18	84	- -	- -
+ LT Finance Leases	1	9	6	3	2	2
+ Other LT Liabilities	301	296	12	11	301	151
+ Accrued Liabilities	21	15	8	5	7	10
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	280	281	4	6	294	141
Total Noncurrent Liabilities	315	305	36	99	304	153
Total Liabilities	340	392	75	123	371	224
+ Preferred Equity and Hybrid Capital	- -	- -	- -	14	- -	- -
+ Share Capital & APIC	31	43	467	606	1,126	1,421
+ Common Stock	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	31	43	467	606	1,125	1,421
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-307	-387	-503	-592	-943	-957
+ Other Equity	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	-276	-343	-37	28	183	464
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	-276	-343	-37	28	183	464
Total Liabilities & Equity	64	49	38	151	554	688
Shares Outstanding	197	- -	200	254	394	423
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	4	13	9	6	4	4
Net Debt	-31	38	26	-11	-198	-248
Net Debt to Equity	11.09	-11.13	-70.35	-38.87	-108.53	-53.58
Tangible Common Equity Ratio	-434.26	-697.59	-96.26	9.25	-33.9	41.64
Current Ratio	2	0.31	0.46	4.69	3.77	4.59
Cash Conversion Cycle	- -	-148.15	-92.59	-42.15	28.24	29.74

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-74	-80	-117	-89	-351	-14
+ Depreciation & Amortization	6	9	7	6	19	37
+ Non-Cash Items	10	16	35	36	260	-83
+ Stock-Based Compensation	6	6	29	28	33	81
+ Deferred Income Taxes	-2	- -	2	- -	-12	1
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	7	10	4	8	239	-165
+ Chg in Non-Cash Work Cap	12	-12	-19	-21	-37	-38
+ (Inc) Dec in Accts Receiv	-2	2	-10	-20	-18	-24
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-1	2	- -	- -
+ Inc (Dec) in Accts Payable	2	4	- -	3	-6	-2
+ Inc (Dec) in Other	12	-17	-9	-6	-14	-12
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-46	-66	-94	-68	-109	-98
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2	-1	-1	- -	-1	-1
+ Acq of Fixed Prod Assets	-2	-1	-1	- -	-1	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	2	4	93	437	212
+ Increase in Capital Stock	- -	2	4	93	437	212
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	14	- -	- -	- -	- -	- -
+ Dec in LT Investment	14	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	-12	-55
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	-12	-55
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	11	-1	-1	- -	-12	-60
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	37	42	-13	50	-215	- -
+ Cash From Debt	40	45	- -	85	- -	- -
+ Repayments of Debt	-3	-3	-13	-35	-215	- -
+ Other Financing Activities	16	- -	91	25	-11	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	53	45	82	168	211	208
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -
Net Changes in Cash	19	-22	-13	100	90	50
EBITDA	-60	-56	-98	-58	-100	-149
EBITDA Margin (%)	-460.68	-265.32	-316.25	-127.29	-118.09	-88.42
Free Cash Flow	-48	-67	-95	-69	-110	-99
Net Cash Paid for Acquisitions	- -	- -	- -	- -	12	55
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-25	-108	-7	-340	-99
Free Cash Flow per Basic Share	-0.7	-0.99	-0.61	-0.3	-0.32	-0.24
Price/Free Cash Flow	- -	- -	-3	-7.16	-62.04	-41.95
Cash Flow to Net Income	0.62	0.83	0.81	0.77	0.31	7.01
Capital Expenditures	-2	-1	-1	- -	-1	-1