FY2021 – FY2025 · SOUN · CIK 1840856 · SPAC merger April 2022
SoundHound AI Financials
Annual revenue (FY2021 $21M → FY2025 $169M, +99% YoY in FY2025), post-acquisition revenue mix shift from auto-OEM Royalties (94% of revenue in FY2023) to enterprise Service Subscriptions (79% in FY2025), de-concentrating customer base (62% top-2 in FY2023 → no customer ≥ 10% in FY2025), the SYNQ3 / Amelia / Interactions acquisition timeline, RPO contracted backlog, headcount, and share-count dilution — every chart point sourced to a 10-K. EDGAR XBRL pulled live.
Subscriptions % of revenue (FY2025)
79%
Up from 4% in FY2023 — post-acquisition mix shift.
RPO / contracted backlog (FY2025)
$79.5M
GAAP figure from 10-K Revenue Recognition note.
Year-end headcount (FY2025)
954
Post-Interactions integration; up from 842 in FY2024.
Stock price (SOUN)
Live current price plus a five-year history. SoundHound went public via SPAC merger in April 2022; the chart shows the entire trading history of the stock. Updates during US market hours via TradingView's embed widget.
Most recent SoundHound SEC filings
The freshness frontier — the latest filing of each material form type, fetched live from EDGAR.
4 material filings have been filed since the anchor 10-K above (2 8-K, 1 DEF 14A, 1 ARS). The annual financial metrics on this page are still anchored to the 10-K.
Annual revenue
As reported on the consolidated statement of operations. Live from SEC EDGAR XBRL — SoundHound files revenue under RevenueFromContractWithCustomerIncludingAssessedTax (the Including-tax variant; not the more common Excluding-tax tag). FY2024 saw the SYNQ3 (January) and Amelia (August) acquisitions; FY2025 added Interactions Corporation (September).
Show table
| FY | Revenue | YoY | Source |
|---|---|---|---|
| FY2021 | $21M | 10-K filed 2024-03-01 | |
| FY2022 | $31M | +47% | 10-K filed 2025-03-11 |
| FY2023 | $46M | +47% | 10-K filed 2026-03-02 |
| FY2024 | $85M | +85% | 10-K filed 2026-03-02 |
| FY2025 | $169M | +99% | 10-K filed 2026-03-02 |
Revenue by service type
SoundHound disaggregates revenue into three categories on the consolidated statement of operations: Service Subscriptions (Houndified Services + Amelia services + Virtual Assistance applications — restaurant ordering, customer service, IT systems analysis, autonomous business workflows), Product Royalties (Houndified Products — voice-enabled tangible products in automotive and consumer electronics, recognized on a usage / volume basis), and Monetization (advertising payments from the SoundHound music identification app). The post-acquisition mix shift is the headline story: Royalties was 94% of revenue in FY2023; Subscriptions became dominant in FY2024 after the SYNQ3 + Amelia acquisitions and reached 79% of revenue in FY2025. Hand-curated from the Revenue Recognition note of each year's 10-K.
Show table
| FY | Subscriptions | Royalties | Monetization | Source |
|---|---|---|---|---|
| FY2023 | $2M | $43M | $634,000 | 10-K filed 2026-03-02 |
| FY2024 | $56M | $28M | $382,000 | 10-K filed 2026-03-02 |
| FY2025 | $134M | $35M | $460,000 | 10-K filed 2026-03-02 |
Acquisition timeline
SoundHound has been an active acquirer in the post-IPO period. The three completed acquisitions (SYNQ3, Amelia Holdings, Interactions Corporation) reshape both the revenue mix (toward Service Subscriptions) and the customer base (toward enterprise Fortune 100 names beyond the legacy auto-OEM royalty base). Each card cites the FY2025 10-K's business-combinations note for the consideration detail.
Restaurant-industry voice AI provider — drive-thru voice ordering technology. Total consideration of $15.8M comprised of $3.9M cash and 5,755,910 shares of Class A common stock plus $0.5M cash and 1,179,514 shares held in escrow for indemnification.
Consideration: $15.8 million (cash + Class A shares). Source: 10-K filed 2026-03-02 (Note 4 — Business Combinations).
Conversational AI software company — customer-experience automation, IT systems analysis, agentic enterprise workflows. Largest of SoundHound's three acquisitions; the Amelia platform is the core of SoundHound's enterprise customer-service / customer-experience product line. Closing involved 3,809,520 Class A shares to sellers, 2,149,530 escrowed shares, $8.4M cash for transaction expenses, plus up to 16.8M contingent earnout shares.
Consideration: Class A shares + $8.4M cash for seller transaction expenses; up to 16.8M earnout shares. Source: 10-K filed 2026-03-02 (Note 4 — Business Combinations).
AI-for-customer-service and workflow-orchestration provider; Interactions brought 'major powerhouse brands' to SoundHound's customer portfolio (the FY2025 10-K describes them as 'global consumer icons, large technology device brands, insurers, automakers, and other preeminent Fortune 100 companies across industries'). Strategically positioned to extend SoundHound's leadership in agentic AI for enterprise customer service.
Consideration: Disclosed in the FY2025 10-K business-combinations note. Source: 10-K filed 2026-03-02 (Note 4 — Business Combinations).
Customer concentration
From the Concentrations of Credit Risk and Other Risks and Uncertainties note in the latest 10-K. SoundHound's customer concentration has decreased meaningfully since FY2023 as the post-acquisition Service Subscriptions base has broadened — the inverse trajectory of CoreWeave's (which has gone the other direction over the same period).
SoundHound's customer concentration has decreased meaningfully as the post-acquisition Subscriptions business has grown. For FY2023, two customers together accounted for approximately 62% of total revenue. For FY2024, one customer accounted for 14% of total revenue. For FY2025, no single customer represented 10% or more of total revenue. The trajectory is the inverse of CoreWeave's (top customer climbing from 35% to 67% over the same period) — SoundHound is moving from a small number of large auto-OEM royalty customers toward a broad enterprise subscription base. The 10-K does not name specific customers in the concentration footnote.
Source: 10-K covering FY ending 2025-12-31, filed 2026-03-02. Paraphrased from the Concentrations of Credit Risk and Other Risks and Uncertainties note in the FY2025 10-K filed 2026-03-02.
| FY | Top concentration | Disclosure |
|---|---|---|
| FY2023 | 62% | Two customers = 62% of total revenue |
| FY2024 | 14% | One customer = 14% of total revenue |
| FY2025 | 0% | No customer ≥ 10% of total revenue |
Remaining performance obligations (contracted backlog)
RPO is contracted future revenue not yet recognized. SoundHound's RPO jumped from $12.7M at FY2023 close to $83.3M at FY2024 close (post-Amelia / SYNQ3 acquisitions) before easing to $79.5M at FY2025 close. Note: the original change-file referenced a non-GAAP “cumulative subscriptions and bookings backlog” metric; that metric is no longer surfaced in the FY2024 or FY2025 earnings press releases, so the page uses the GAAP RPO figure as the authoritative forward indicator instead.
Show table
| FY | RPO | Source |
|---|---|---|
| FY2022 | $20.7M | 10-K filed 2023-03-28 |
| FY2023 | $12.7M | 10-K filed 2024-03-01 |
| FY2024 | $83.3M | 10-K filed 2025-03-11 |
| FY2025 | $79.5M | 10-K filed 2026-03-02 |
Operating loss & net loss
Operating result has been negative every year since IPO. The FY2024 outlier (-$341M operating loss / -$351M net loss) was driven primarily by mark-to-market accounting on contingent earnout shares from the Amelia acquisition — a non-cash, non-operating item. FY2025 operating loss of -$23M reflects much-improved unit economics, and the FY2025 GAAP net loss of -$14M was the smallest in five years (Q4 FY2025 was actually GAAP-positive at +$40M, again driven by mark-to-market on the contingent shares). Live from SEC EDGAR XBRL.
Show table (operating loss + net loss)
| FY | Operating loss | Net loss |
|---|---|---|
| FY2021 | -$65M | -$80M |
| FY2022 | -$106M | -$117M |
| FY2023 | -$69M | -$89M |
| FY2024 | -$341M | -$351M |
| FY2025 | -$23M | -$14M |
R&D spending
Annual R&D expense, with R&D-as-percent-of-revenue in each label. R&D as a share of revenue has been declining as revenue scales — from ~280% of revenue in FY2021 / FY2022 to ~58% in FY2025 — a typical pre-profitable software trajectory. Live from SEC EDGAR XBRL (ResearchAndDevelopmentExpense).
Operating cash flow & cash position
Operating cash flow has been negative every year (-$98M in FY2025) — SoundHound has historically funded both operations and acquisitions with equity issuance rather than operating cash. Year-end cash & equivalents (table below) has nonetheless grown — $9M at FY2022 close to $248M at FY2025 close — because share issuance has more than offset operating burn. Live from SEC EDGAR XBRL.
Show year-end cash & equivalents
| FY end | Cash & equivalents |
|---|---|
| FY2021 | $22M |
| FY2022 | $9M |
| FY2023 | $95M |
| FY2024 | $198M |
| FY2025 | $248M |
Stock-based compensation
SBC stepped up sharply in FY2025 ($81M, ~48% of revenue) as the post-IPO RSU and acquisition-related equity grants vested. Pre-acquisition SBC was modest. Live from SEC EDGAR XBRL.
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Stock-Based Compensation | $6M | $29M | $28M | $33M | $81M |
Year-end headcount
Full-time employees as of each fiscal year-end. The post-acquisition rampup (Amelia in August 2024, Interactions in September 2025) is the headline story; the FY2024 figure already reflected SYNQ3 + Amelia, and the FY2025 increase to 954 reflects the Interactions integration.
| FY end | Employees | Source |
|---|---|---|
| FY2024 | 842 | 10-K filed 2025-03-11 |
| FY2025 | 954 | 10-K filed 2026-03-02 |
Methodology & data sources
Live data. Annual revenue, R&D, operating loss, net loss, stock-based compensation, operating cash flow, and cash & equivalents are sourced live from SoundHound's SEC EDGAR XBRL company-facts endpoint. SoundHound files revenue under the RevenueFromContractWithCustomerIncludingAssessedTax tag (the Including-tax variant; not the more common Excluding-tax tag); the build script's tag candidates are ordered to prefer the Including variant first.
Hand-curated, source-tagged. The per-FY revenue split by service type (Subscriptions / Royalties / Monetization), customer-concentration percentages, RPO history, year-end headcount, acquisition history, and share-count callout are not exposed in the EDGAR companyfacts JSON. Each value is hand-curated from the underlying 10-K's text and tagged with the filing's accession number.
Bookings-backlog metric note. The original change-file brainstorm referenced a non-GAAP “cumulative subscriptions and bookings backlog” metric as SoundHound's preferred forward indicator. That metric is no longer surfaced in the FY2024 or FY2025 earnings press releases — SoundHound has shifted to standard GAAP RPO disclosure. The page uses RPO instead.
FY2024 operating loss anomaly. The FY2024 operating loss of -$341M is an outlier driven primarily by mark-to-market accounting on the contingent earnout shares from the Amelia acquisition — a non-cash, non-operating item. The same dynamic (shares marked-to-market based on stock price changes) drove the headline-grabbing Q4 FY2025 GAAP net income of +$40M. The non-GAAP measures, which exclude these mark-to-market impacts, are more comparable across periods.
Refresh cadence. Hand-curated values are re-verified monthly aligned with SoundHound's filing cadence (10-Q in mid-May / mid-August / mid-November, 10-K in early March, plus 8-Ks any time material events warrant disclosure). The recurring refresh task discovers new filings via the EDGAR submissions endpoint and updates the page accordingly.
What's intentionally not here. Live market cap. Forward earnings guidance, analyst estimates, and price targets. Editorial framing about whether SOUN is over- or under-valued. Comparison to Cerence or other voice-AI peers. The TradingView stock-chart widget at the top is the only live-market data on the page; it loads directly into your browser from TradingView's CDN, not redistributed by this site.
Cross-references. AI Orgs for the broader US-listed AI-pure-play roster. Tech Filings for every SoundHound SEC filing in chronological order.
Last updated: 2026-04-30 17:41 UTC. Latest 10-K on EDGAR: 0001840856-26-000006 filed 2026-03-02. Hand-curated source-tag anchor: 0001840856-26-000006.