SoundHound AI, Inc. (SOUN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 44.2M | 55.06M | 42.05M | 42.68M | 29.13M | 34.54M | 25.09M | 13.46M | 11.59M | 17.15M | 13.27M | 8.75M | 6.71M | 9.5M | 11.19M | 6.15M | 4.29M | 5.15M | 4.03M | 8.28M |
| Revenue Growth % | 51.72% | 59.39% | 67.57% | 217.06% | 151.24% | 101.45% | 89.13% | 53.83% | 72.86% | 80.48% | 18.61% | 42.25% | 56.34% | 84.45% | 177.71% | -25.69% | - | 22.32% | - | - |
| Cost of Goods Sold | 35.29M | 28.71M | 24.13M | 26.02M | 18.51M | 20.76M | 12.9M | 4.98M | 4.67M | 3.91M | 3.59M | 1.83M | 1.98M | 2.75M | 2.58M | 2.49M | 1.77M | 1.71M | 1.66M | 1.63M |
| COGS % of Revenue | 79.85% | 52.14% | 57.38% | 60.96% | 63.55% | 60.1% | 51.41% | 36.99% | 40.27% | 22.81% | 27.06% | 20.91% | 29.46% | 29% | 23.09% | 40.44% | 41.33% | 33.14% | 41.14% | 19.66% |
| Gross Profit | 8.9M | 26.35M | 17.92M | 16.66M | 10.62M | 13.78M | 12.19M | 8.48M | 6.92M | 13.24M | 9.68M | 6.92M | 4.73M | 6.75M | 8.6M | 3.66M | 2.52M | 3.44M | 2.37M | 6.65M |
| Gross Margin % | 20.15% | 47.86% | 42.62% | 39.04% | 36.45% | 39.9% | 48.59% | 63.01% | 59.73% | 77.19% | 72.94% | 79.09% | 70.54% | 71% | 76.91% | 59.56% | 58.67% | 66.86% | 58.86% | 80.34% |
| Gross Profit Growth % | -16.14% | 91.16% | 46.98% | 96.44% | 53.33% | 4.14% | 25.99% | 22.55% | 46.38% | 96.21% | 12.5% | 88.89% | 87.96% | 95.88% | 262.84% | -44.91% | - | 35.8% | - | - |
| Operating Expenses | 70.82M | -16.22M | 133.81M | 94.71M | -117.48M | 270.86M | 45.96M | 30.47M | 35.45M | 25.63M | 24.21M | 23.4M | 29.93M | 35.5M | 35.67M | 32.59M | 23.23M | 22.48M | 19.54M | 19.15M |
| OpEx % of Revenue | 160.25% | -29.46% | 318.23% | 221.9% | -403.31% | 784.11% | 183.15% | 226.32% | 305.8% | 149.47% | 182.45% | 267.44% | 446.31% | 373.62% | 318.93% | 529.81% | 541.59% | 436.48% | 485.13% | 231.31% |
| Selling, General & Admin | 44.89M | 38.62M | 40.73M | 34.07M | 30.41M | 26M | 25.39M | 14.69M | 15.81M | 12.11M | 11.4M | 11.46M | 12M | 13.97M | 16.32M | 13.73M | 6.58M | 6.12M | 5.2M | 5.13M |
| SG&A % of Revenue | 101.57% | 70.14% | 96.86% | 79.81% | 104.41% | 75.28% | 101.2% | 109.12% | 136.36% | 70.62% | 85.94% | 130.9% | 178.92% | 147.04% | 145.92% | 223.21% | 153.47% | 118.71% | 129.02% | 61.93% |
| Research & Development | 26.2M | 24.84M | 22.85M | 25.8M | 24.76M | 20.39M | 19.55M | 15.74M | 14.88M | 12.71M | 12.81M | 11.74M | 14.18M | 21.53M | 19.35M | 18.86M | 16.65M | 16.37M | 14.34M | 14.02M |
| R&D % of Revenue | 59.28% | 45.12% | 54.34% | 60.46% | 84.99% | 59.04% | 77.89% | 116.91% | 128.32% | 74.14% | 96.52% | 134.11% | 211.48% | 226.59% | 173% | 306.6% | 388.11% | 317.76% | 356.11% | 169.38% |
| Other Operating Expenses | -269K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 39K | 1000K | 806K | 0 | 213K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -61.92M | 42.57M | -115.89M | -78.05M | 128.1M | -257.07M | -33.77M | -21.98M | -28.53M | -12.39M | -14.53M | -16.48M | -25.2M | -28.75M | -27.07M | -28.93M | -20.72M | -19.04M | -17.17M | -12.5M |
| Operating Margin % | -140.1% | 77.32% | -275.61% | -182.86% | 439.76% | -744.21% | -134.56% | -163.31% | -246.07% | -72.28% | -109.51% | -188.36% | -375.77% | -302.62% | -242.02% | -470.25% | -482.91% | -369.62% | -426.27% | -150.97% |
| Operating Income Growth % | -148.34% | 116.56% | -243.21% | -255.02% | 549.01% | -1974.33% | -132.39% | -33.38% | -13.2% | 56.9% | 46.33% | 43.02% | -21.65% | -51.02% | -57.67% | -131.46% | - | -23.56% | - | - |
| EBITDA | -51.95M | 84.46M | -99.2M | -69.55M | 136.52M | -246.52M | -29.85M | -20M | -26.32M | -8.68M | -14M | -14.96M | -23.6M | -26.89M | -26.14M | -28.8M | -18.58M | -16.53M | -15.21M | -12.31M |
| EBITDA Margin % | -117.55% | 153.4% | -235.92% | -162.95% | 468.66% | -713.66% | -118.94% | -148.59% | -226.98% | -50.59% | -105.52% | -170.95% | -351.89% | -283.03% | -233.72% | -468.12% | -433.08% | -320.95% | -377.73% | -148.75% |
| EBITDA Growth % | -138.06% | 134.26% | -232.38% | -247.71% | 618.76% | -2741.73% | -113.19% | -33.71% | -11.5% | 67.74% | 46.45% | 48.05% | -27.03% | -62.66% | -71.83% | -133.85% | - | -18.77% | - | - |
| D&A (Non-Cash Add-back) | 9.97M | 41.88M | 16.69M | 8.5M | 8.42M | 10.55M | 3.92M | 1.98M | 2.21M | 3.72M | 530K | 1.52M | 1.6M | 1.86M | 928K | 131K | 2.14M | 2.51M | 1.96M | 0 |
| EBIT | -61.92M | 42.37M | -108.66M | -73.3M | 130.99M | -256.98M | -31.13M | -32.6M | -27.05M | -10.94M | -13.19M | -18.16M | -26M | -28.22M | -28.03M | -28.71M | -21.77M | -20.17M | -19.91M | -12.31M |
| Net Interest Income | -71K | -113K | -153K | 2.26M | 1.97M | 163K | 1.15M | -1.27M | -3.85M | -4.67M | -4.24M | -4.02M | -939K | -1.01M | -980K | -1.53M | -2.98M | -2.62M | -2.68M | -2.29M |
| Interest Income | 0 | 0 | 0 | 2.43M | 2.21M | 1.47M | 2.26M | 2.82M | 1.81M | 791K | 1.2M | 714K | 157K | 165K | 186K | 37K | 11.86K | 1K | 0 | 1K |
| Interest Expense | 71K | 113K | 153K | 169K | 235K | 1.31M | 1.11M | 4.09M | 5.66M | 5.46M | 5.44M | 4.74M | 1.1M | 1.18M | 1.17M | 1.57M | 2.98M | 2.62M | 2.68M | 2.29M |
| Other Income/Expense | 37.69M | -316K | 7.08M | 4.58M | 2.65M | -1.22M | 1.52M | -14.7M | -4.18M | -4M | -4.11M | -6.41M | -1.9M | -644K | -2.13M | -1.35M | -4.03M | -3.75M | -5.42M | -2.11M |
| Pretax Income | -24.23M | 42.26M | -108.81M | -73.47M | 130.75M | -258.29M | -32.24M | -36.68M | -32.71M | -16.4M | -18.64M | -22.89M | -27.1M | -29.4M | -29.2M | -30.28M | -24.75M | -22.79M | -22.59M | -14.61M |
| Pretax Margin % | -54.83% | 76.75% | -258.78% | -172.12% | 448.87% | -747.73% | -128.48% | -272.5% | -282.16% | -95.62% | -140.46% | -261.57% | -404.07% | -309.4% | -261.01% | -492.18% | -576.95% | -442.46% | -560.85% | -176.46% |
| Income Tax | 798K | 2.2M | 457K | 1.26M | 819K | 311K | -10.49M | 638K | 295K | 1.61M | 1.56M | 417K | 329K | 1.28M | 864K | 389K | 352K | -944K | 1.19M | 43K |
| Effective Tax Rate % | -3.29% | 5.21% | -0.42% | -1.71% | 0.63% | -0.12% | 32.54% | -1.74% | -0.9% | -9.8% | -8.38% | -1.82% | -1.21% | -4.37% | -2.96% | -1.28% | -1.42% | 4.14% | -5.27% | -0.29% |
| Net Income | -25.03M | 40.06M | -109.27M | -74.72M | 129.93M | -258.6M | -21.75M | -37.32M | -33.01M | -18M | -20.2M | -23.31M | -27.43M | -30.68M | -30.06M | -30.67M | -25.1M | -21.85M | -23.78M | -14.65M |
| Net Margin % | -56.63% | 72.75% | -259.87% | -175.07% | 446.06% | -748.63% | -86.68% | -277.24% | -284.71% | -104.99% | -152.22% | -266.34% | -408.98% | -322.91% | -268.74% | -498.5% | -585.15% | -424.13% | -590.39% | -176.98% |
| Net Income Growth % | -119.26% | 115.49% | -402.37% | -100.21% | 493.63% | -1336.42% | -7.69% | -60.13% | -20.34% | 41.32% | 32.81% | 24% | -9.27% | -40.43% | -26.41% | -109.31% | - | -33.82% | - | - |
| Net Income (Continuing) | -25.03M | 40.06M | -109.27M | -74.72M | 129.93M | -258.6M | -21.75M | -37.32M | -33.01M | -18M | -20.2M | -23.31M | -27.43M | -30.68M | -30.06M | -30.67M | -25.1M | -21.85M | -23.78M | -14.65M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.06 | 0.10 | -0.27 | -0.19 | 0.31 | -0.69 | -0.06 | -0.11 | -0.12 | -0.07 | -0.09 | -0.11 | -0.14 | -0.15 | -0.15 | -0.19 | -0.12 | -0.11 | -0.35 | -0.22 |
| EPS Growth % | -119.16% | 113.9% | -350% | -72.73% | 358.33% | -845.32% | 33.33% | 0% | 14.29% | 52.41% | 40% | 42.11% | -19.56% | -40.45% | 57.14% | 12.64% | - | 88.32% | - | - |
| EPS (Basic) | -0.06 | 0.10 | -0.27 | -0.19 | 0.33 | -0.69 | -0.06 | -0.11 | -0.12 | -0.07 | -0.09 | -0.11 | -0.14 | -0.15 | -0.15 | -0.19 | -0.12 | -0.11 | -0.35 | -0.22 |
| Diluted Shares Outstanding | 338.46M | 417.58M | 411.7M | 402.04M | 414.16M | 375.1M | 360.39M | 331.83M | 286.6M | 254.43M | 242.02M | 220.77M | 205.08M | 200.03M | 197.01M | 162M | 214.45M | 200.03M | 67.72M | 67.36M |
| Basic Shares Outstanding | 338.46M | 417.58M | 409.78M | 400.12M | 393.89M | 375.1M | 360.39M | 331.83M | 286.6M | 254.43M | 242.02M | 220.77M | 205.08M | 200.03M | 197.01M | 162M | 214.45M | 200.03M | 67.72M | 67.36M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |