SoundHound AI, Inc. (SOUN)

SoundHound AI, Inc. provides independent voice artificial intelligence (AI) solutions that enables businesses across the automotive, TV, IoT, and customer service industries to deliver conversational experiences to customers in the United States, Korea, France, Japan, Germany, and internationally. The company offers Houndify platform, which provides a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI, a voice assistant with integrated generative AI that integrates with knowledge domains, pulling real-time data, such as weather, sports, stocks, flight status, restaurants, and other data; and SoundHound Smart Answering, which offers customer establishments the option to build an easy to use custom AI-powered voice assistant. It also provides CaiNET software that uses machine learning to enhance how domains work together to handle complex queries; CaiLAN software that arbitrates responses, so users get answers from the right domain; Dynamic Interaction, a real-time multimodal customer service interface; Smart Ordering, which offers an easy-to-understand voice assistant for restaurants; automatic speech recognition; natural language understanding; wake words; custom domains; text-to-speech; Employee Assist; and edge and cloud connectivity, which includes embedded voice solutions. In addition, the company offers Amelia Platform, which builds AI agents for enterprises; Chat AI for Automotive; Dynamic Drive-Thru for GenAI; Voice Commerce, which connects drivers and merchants with Voice AI; Autonomics Platform; Custom Voice AI Solutions; Voice AI Platform; and SoundHound Music App. SoundHound AI, Inc. was founded in 2005 and is headquartered in Santa Clara, California.

Symbol: SOUN
Exchange: Nasdaq
Sector: Technology
Industry: Software - Application
Market cap: $2.63B
52 week range: 5.65 - 22.17

Valuation

Share price: $6.01 (close of 2026-09-23)
P/E (TTM): -18.55x
Price to book: 5.37x
Price to free cash flow: -22.74x
Enterprise value: $2.44B
Book value per share: $1.14

Price performance

Period	Change
1 day	-1.80%
5 days	+1.35%
1 month	-17.90%
3 months	-6.68%
6 months	-12.77%
Year to date	-39.72%
1 year	-66.70%
3 years	+230.22%
All time	-19.87%

Profitability and growth

Return on equity: -3.02%
Return on invested capital: -10.60%
Return on assets: -2.04%
Return on capital employed: -3.78%
Gross margin: 42.36%
Net margin: -8.29%
EBITDA margin: 6.43%
Revenue growth: 99.45%
Net income growth: 96.01%
Free cash flow growth: 9.49%

Cash flow and balance sheet

Free cash flow yield (TTM): -4.40%
Current ratio: 3.91x
Net debt to EBITDA: 2.24x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $168.92M
Cost of revenue: $97.37M
Gross profit: $71.55M
EBITDA: $10.86M
Net income: $-14.01M
Earnings per share: $-0.03
Research and development: $98.25M
Shares outstanding: 405.42M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$168.92M	$71.55M	$-14.01M	$-0.03
2024-12-31	$84.69M	$41.38M	$-350.68M	$-1.04
2023-12-31	$45.87M	$34.57M	$-88.94M	$-0.40
2022-12-31	$31.13M	$21.53M	$-116.71M	$-0.74
2021-12-31	$21.20M	$14.61M	$-79.54M	$-1.18

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	42.36%	-8.29%	-3.02%	-10.60%
2024-12-31	48.86%	-414.06%	-191.99%	-
2023-12-31	75.35%	-193.88%	-315.74%	-297.43%
2022-12-31	69.16%	-374.93%	319.19%	-
2021-12-31	68.93%	-375.24%	23.17%	-