SoundHound AI, Inc. (SOUN) Income Statement
SOUN 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSOUN revenue and net income
Where SOUN's revenue goes
2025Each bar shows an amount and its share of revenue. SOUN kept −8.3% of revenue as net income.
SOUN profit margins
SOUN growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +99.4% | +75.7% | +67.0% | — |
| Gross profit | +72.9% | +49.2% | +58.5% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SOUN quarterly EPS vs estimates
SoundHound AI beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.12).
SOUN income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $168.9M | $84.7M | $45.9M | $31.1M | $21.2M | $13.0M | $7.7M |
| Cost of revenue | $97.4M | $43.3M | $11.3M | $9.6M | $6.6M | $5.9M | $4.5M |
| Gross profit | $71.6M | $41.4M | $34.6M | $21.5M | $14.6M | $7.2M | $3.2M |
| Research & development | $98.2M | $70.6M | $51.4M | $76.4M | $59.2M | $54.3M | $47.8M |
| Sales, general & admin | $82.2M | $82.4M | $47.2M | $50.8M | $20.8M | $18.9M | $20.0M |
| Total operating expenses | $94.8M | $382.7M | $103.2M | $127.2M | $79.9M | $73.2M | $67.7M |
| Operating income | −$23.3M | −$341.4M | −$68.6M | −$105.7M | −$65.3M | −$66.0M | −$64.6M |
| Interest income | $9.8M | $8.4M | $2.2M | $390,000 | $7,000 | $168,000 | — |
| Interest expense | $670,000 | $12.2M | $16.7M | $6.9M | $8.3M | $2.3M | $0 |
| Income before taxes | −$9.3M | −$359.9M | −$85.0M | −$113.8M | −$79.1M | −$73.7M | −$64.2M |
| Income taxes | $4.7M | −$9.2M | $3.9M | $2.9M | $456,000 | $738,000 | $253,000 |
| Net income | −$14.0M | −$350.7M | −$88.9M | −$116.7M | −$79.5M | −$74.4M | −$64.5M |
| EBITDA | $25.5M | −$329.1M | −$66.0M | −$99.7M | −$61.7M | −$65.4M | −$59.9M |
| EPS (diluted) | −$0.18 | −$0.20 | −$0.39 | −$2.49 | −$0.05 | −$4.26 | — |
| Gross margin | 42.4% | 48.9% | 75.4% | 69.2% | 68.9% | 55.0% | 41.2% |
| Operating margin | −13.8% | −403.0% | −149.6% | −339.5% | −308.2% | −507.1% | −841.1% |
| Net margin | −8.3% | −414.1% | −193.9% | −374.9% | −375.2% | −571.6% | −839.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.9M | $44.2M | $55.1M | $42.0M | $42.7M | $29.1M | $34.5M | $25.1M | $13.5M | $11.6M | $17.1M | $13.3M |
| Cost of revenue | $39.1M | $35.3M | $28.7M | $24.1M | $26.0M | $18.5M | $20.8M | $12.9M | $5.0M | $4.7M | $3.9M | $3.6M |
| Gross profit | $22.8M | $8.9M | $26.4M | $17.9M | $16.7M | $10.6M | $13.8M | $12.2M | $8.5M | $6.9M | $13.2M | $9.7M |
| Research & development | $27.1M | $26.2M | $24.8M | $22.8M | $25.8M | $24.8M | $20.4M | $19.5M | $15.7M | $14.9M | $12.7M | $12.8M |
| Sales, general & admin | $42.6M | $44.9M | $21.2M | $40.7M | $34.1M | $18.4M | $26.0M | $25.4M | $14.7M | $15.8M | $12.1M | $11.4M |
| Total operating expenses | $69.8M | $70.8M | −$16.2M | $133.8M | $94.7M | −$117.5M | $270.9M | $46.0M | $30.5M | $35.5M | $25.6M | $24.2M |
| Operating income | −$47.0M | −$61.9M | $42.6M | −$115.9M | −$78.1M | $128.1M | −$257.1M | −$33.8M | −$22.0M | −$28.5M | −$12.4M | −$14.5M |
| Interest income | $1.9M | $1.7M | $2.4M | $2.8M | $2.4M | $2.2M | $1.5M | $2.3M | $2.8M | $1.8M | $791,000 | $1.2M |
| Interest expense | $61,000 | $71,000 | $113,000 | $153,000 | $169,000 | $235,000 | $1.3M | $1.1M | $4.1M | $5.7M | $5.5M | $5.4M |
| Income before taxes | −$40.6M | −$24.2M | $42.3M | −$108.8M | −$73.5M | $130.8M | −$258.3M | −$32.2M | −$36.7M | −$32.7M | −$16.4M | −$18.6M |
| Income taxes | $2.2M | $798,000 | $2.2M | $457,000 | $1.3M | $819,000 | $311,000 | −$10.5M | $638,000 | $295,000 | $1.6M | $1.6M |
| Net income | −$42.8M | −$25.0M | $40.1M | −$109.3M | −$74.7M | $129.9M | −$258.6M | −$21.8M | −$37.3M | −$33.0M | −$18.0M | −$20.2M |
| EBITDA | −$35.9M | −$14.2M | $53.2M | −$99.4M | −$64.8M | $139.4M | −$246.4M | −$27.2M | −$30.6M | −$24.8M | −$7.2M | −$12.7M |
| EPS (diluted) | −$0.10 | −$0.06 | $0.10 | −$0.03 | −$0.19 | −$0.06 | −$0.05 | −$0.04 | −$0.04 | −$0.07 | −$0.07 | −$0.09 |
| Gross margin | 36.8% | 20.1% | 47.9% | 42.6% | 39.0% | 36.5% | 39.9% | 48.6% | 63.0% | 59.7% | 77.2% | 72.9% |
| Operating margin | −75.9% | −140.1% | 77.3% | −275.6% | −182.9% | 439.8% | −744.2% | −134.6% | −163.3% | −246.1% | −72.3% | −109.5% |
| Net margin | −69.2% | −56.6% | 72.8% | −259.9% | −175.1% | 446.1% | −748.6% | −86.7% | −277.2% | −284.7% | −105.0% | −152.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SOUN's financial statements (latest annual report filed March 2, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SOUN financial results
In fiscal year 2025 (ended December 31, 2025), SoundHound AI reported revenue of $168.9 million, up 99.4% from the year before. It had a net loss of $14.0 million, a net profit margin of −8.3%. Diluted earnings per share came to −$0.18. Over five years revenue grew at an average rate of 67.0% a year.
See the SOUN stock overview for the latest quote and news, or the SOUN chart for price history and technical indicators.
SOUN income statement FAQ
What is SoundHound AI's annual revenue?
SoundHound AI reported total revenue of $168.9 million for fiscal year 2025, which ended on December 31, 2025. That was up 99.4% from $84.7 million the previous year.
Is SoundHound AI profitable?
No. SoundHound AI reported a net loss of $14.0 million in fiscal 2025, a net profit margin of −8.3%; its operating margin was −13.8%.
What is SoundHound AI's gross margin?
SoundHound AI's gross margin was 42.4% in fiscal 2025: for every $100 of revenue, SoundHound AI kept $42 after the direct cost of its products and services.
How much does SoundHound AI spend on research and development?
SoundHound AI spent $98.2 million on research and development in fiscal 2025, 58.2% of revenue.
How fast is SoundHound AI growing?
Revenue grew 67.0% a year on average over the last five fiscal years, from $13.0 million to $168.9 million.
What are SoundHound AI's earnings per share?
SoundHound AI earned $-0.18 per diluted share in fiscal 2025, compared with $-0.20 a year earlier.
When will SoundHound AI report its next earnings?
SoundHound AI is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does SoundHound AI's fiscal year end?
SoundHound AI's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 2, 2026.