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SoundHound AI, Inc. (SOUN) 10-Year Financial Performance & Capital Metrics

SOUN • • Industrial / General
TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms
AboutSoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions The company is headquartered in Santa Clara, California.Show more
  • Revenue $85M +84.6%
  • EBITDA -$323M -412.6%
  • Net Income -$351M -294.3%
  • EPS (Diluted) -1.04 -160.0%
  • Gross Margin 48.86% -35.2%
  • EBITDA Margin -381.01% -177.7%
  • Operating Margin -403.05% -169.5%
  • Net Margin -414.06% -113.6%
  • ROE -332.68% -5.4%
  • ROIC -4328.23% -799.2%
  • Debt/Equity 0.02 -99.3%
  • Interest Coverage -28.05 -584.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y sales CAGR of 61.6%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Shares diluted 47.6% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 20.2x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y61.63%
3Y58.68%
TTM120.52%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-184.02%

EPS CAGR

10Y-
5Y-
3Y-
TTM-189.66%

ROCE

10Y Avg-4626.91%
5Y Avg-5746.23%
3Y Avg-109.99%
Latest-111.35%

Peer Comparison

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Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+7.68M13.02M21.2M31.13M45.87M84.69M
Revenue Growth %-0.7%0.63%0.47%0.47%0.85%
Cost of Goods Sold+4.51M5.86M6.58M9.6M11.31M43.31M
COGS % of Revenue0.59%0.45%0.31%0.31%0.25%0.51%
Gross Profit+3.16M7.15M14.61M21.53M34.57M41.38M
Gross Margin %0.41%0.55%0.69%0.69%0.75%0.49%
Gross Profit Growth %-1.26%1.04%0.47%0.61%0.2%
Operating Expenses+67.74M73.16M79.94M127.2M103.17M382.74M
OpEx % of Revenue8.82%5.62%3.77%4.09%2.25%4.52%
Selling, General & Admin19.97M18.88M20.76M50.81M47.18M82.4M
SG&A % of Revenue2.6%1.45%0.98%1.63%1.03%0.97%
Research & Development47.77M54.28M59.18M76.39M51.44M70.56M
R&D % of Revenue6.22%4.17%2.79%2.45%1.12%0.83%
Other Operating Expenses00004.56M229.79M
Operating Income+-64.57M-66M-65.33M-105.67M-68.61M-341.35M
Operating Margin %-8.41%-5.07%-3.08%-3.39%-1.5%-4.03%
Operating Income Growth %--0.02%0.01%-0.62%0.35%-3.98%
EBITDA+-59.9M-59.97M-56.24M-98.45M-62.95M-322.69M
EBITDA Margin %-7.8%-4.61%-2.65%-3.16%-1.37%-3.81%
EBITDA Growth %--0%0.06%-0.75%0.36%-4.13%
D&A (Non-Cash Add-back)4.67M6.04M9.09M7.23M5.66M18.67M
EBIT-64.57M-71.4M-70.74M-106.93M-68.29M-347.76M
Net Interest Income+919K-2.1M-8.34M-6.5M-13.87M-3.8M
Interest Income919K168K7K390K2.87M8.37M
Interest Expense02.27M8.34M6.89M16.73M12.17M
Other Income/Expense360K-7.67M-13.76M-8.15M-16.41M-18.57M
Pretax Income+-64.21M-73.67M-79.08M-113.82M-85.02M-359.93M
Pretax Margin %-8.36%-5.66%-3.73%-3.66%-1.85%-4.25%
Income Tax+253K738K456K2.89M3.91M-9.25M
Effective Tax Rate %1%1.01%1.01%1.03%1.05%0.97%
Net Income+-64.47M-74.41M-79.54M-116.71M-88.94M-350.68M
Net Margin %-8.4%-5.72%-3.75%-3.75%-1.94%-4.14%
Net Income Growth %--0.15%-0.07%-0.47%0.24%-2.94%
Net Income (Continuing)-64.47M-74.41M-79.54M-116.71M-88.94M-350.68M
Discontinued Operations000000
Minority Interest000000
EPS (Diluted)+-5.560.00-0.40-0.74-0.40-1.04
EPS Growth %-1%--0.86%0.46%-1.6%
EPS (Basic)-5.560.00-0.40-0.74-0.40-1.04
Diluted Shares Outstanding11.6M17.46M200.03M157.32M229.26M338.46M
Basic Shares Outstanding11.6M17.46M200.03M157.32M229.26M338.46M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+45.28M48.95M27.47M17.7M113.54M255.52M
Cash & Short-Term Investments38.22M43.69M21.63M9.24M95.26M198.24M
Cash Only24.63M43.69M21.63M9.24M95.26M198.24M
Short-Term Investments13.59M00000
Accounts Receivable5.72M3.62M2.11M5.08M15.83M49.8M
Days Sales Outstanding271.81101.4536.459.62125.96214.64
Inventory000000
Days Inventory Outstanding------
Other Current Assets230K187K2.46M859K1.53M7.48M
Total Non-Current Assets+18.88M14.69M21.73M20.28M37.58M298.43M
Property, Plant & Equipment7.06M10.44M16.45M11.57M6.72M5.93M
Fixed Asset Turnover1.09x1.25x1.29x2.69x6.82x14.28x
Goodwill00000101.7M
Intangible Assets7M8.34M000174.94M
Long-Term Investments0-8.34M00013.55M
Other Non-Current Assets4.83M1.97M3.12M8.66M30.84M2.3M
Total Assets+64.16M63.64M49.2M37.99M151.12M553.95M
Asset Turnover0.12x0.20x0.43x0.82x0.30x0.15x
Asset Growth %--0.01%-0.23%-0.23%2.98%2.67%
Total Current Liabilities+20.99M24.52M87.74M38.57M24.22M67.74M
Accounts Payable2.16M3.34M3.76M2.8M1.65M5.56M
Days Payables Outstanding174.78207.68208.41106.3953.3646.85
Short-Term Debt0059.83M16.67M00
Deferred Revenue (Current)01000K1000K1000K1000K1000K
Other Current Liabilities10.8M3.37M7.29M6.13M6.96M25.47M
Current Ratio2.16x2.00x0.31x0.46x4.69x3.77x
Quick Ratio2.16x2.00x0.31x0.46x4.69x3.77x
Cash Conversion Cycle------
Total Non-Current Liabilities+23.02M315.47M304.7M35.98M98.73M303.56M
Long-Term Debt013.06M018.3M84.31M0
Capital Lease Obligations3.35M1.25M8.9M5.71M3.09M2.4M
Deferred Tax Liabilities0279.58M0000
Other Non-Current Liabilities19.68M2.37M280.84M4.42M6.42M294.29M
Total Liabilities44.02M339.99M392.44M74.55M122.95M371.3M
Total Debt+6.33M16.64M73.32M44.12M90.16M4.35M
Net Debt-18.31M-27.05M51.69M34.88M-5.1M-193.89M
Debt / Equity0.31x---3.20x0.02x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage--29.09x-7.83x-15.33x-4.10x-28.05x
Total Equity+20.14M-276.35M-343.24M-36.56M28.17M182.65M
Equity Growth %--14.72%-0.24%0.89%1.77%5.48%
Book Value per Share1.74-15.83-1.72-0.230.120.54
Total Shareholders' Equity20.14M-276.35M-343.24M-36.56M28.17M182.65M
Common Stock1K1K1K20K26K38K
Retained Earnings-232.78M-307.19M-386.73M-503.44M-592.38M-943.06M
Treasury Stock0-30.84M0000
Accumulated OCI-6K-1K00199K205K
Minority Interest000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-46.03M-46.3M-66.18M-94.02M-68.27M-108.88M
Operating CF Margin %-6%-3.56%-3.12%-3.02%-1.49%-1.29%
Operating CF Growth %--0.01%-0.43%-0.42%0.27%-0.59%
Net Income-64.47M-74.41M-79.54M-115.37M-88.94M-350.68M
Depreciation & Amortization4.67M6.04M9.09M7.23M2.31M20.29M
Stock-Based Compensation3.33M5.9M6.32M28.79M27.93M33.15M
Deferred Taxes-3.38M-2.28M113K2.13M30K-12.18M
Other Non-Cash Items10.59M6.69M9.67M2.89M11.72M237.69M
Working Capital Changes3.22M11.76M-11.83M-19.68M-21.32M-37.14M
Change in Receivables50K-1.89M1.51M-1.35M-20.2M-17.57M
Change in Inventory01.5M-3.48M000
Change in Payables01.17M424K302K-1.16M-7.64M
Cash from Investing+8.32M11.45M-636K-1.33M-392K-12.37M
Capital Expenditures-5.11M-2.16M-636K-1.33M-392K-640K
CapEx % of Revenue0.67%0.17%0.03%0.04%0.01%0.01%
Acquisitions------
Investments------
Other Investing13.43M00000
Cash from Financing+-2.33M53.45M44.65M82M168.24M210.91M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing152K454K090.69M0-10.55M
Net Change in Cash------
Free Cash Flow+-51.14M-48.47M-66.81M-95.35M-68.66M-109.52M
FCF Margin %-6.66%-3.72%-3.15%-3.06%-1.5%-1.29%
FCF Growth %-0.05%-0.38%-0.43%0.28%-0.6%
FCF per Share-4.41-2.78-0.33-0.61-0.30-0.32
FCF Conversion (FCF/Net Income)0.71x0.62x0.83x0.81x0.77x0.31x
Interest Paid002.63M4.36M11.98M6.34M
Taxes Paid00263K1.04M2.36M2.72M

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)-320.13%----315.74%-332.68%
Return on Invested Capital (ROIC)-2646.48%----481.32%-4328.23%
Gross Margin41.19%54.96%68.93%69.16%75.35%48.86%
Net Margin-839.74%-571.61%-375.24%-374.93%-193.88%-414.06%
Debt / Equity0.31x---3.20x0.02x
Interest Coverage--29.09x-7.83x-15.33x-4.10x-28.05x
FCF Conversion0.71x0.62x0.83x0.81x0.77x0.31x
Revenue Growth-69.56%62.84%46.86%47.36%84.62%

Revenue by Segment

202220232024
Hosted Services17.74M18.36M57.25M
Hosted Services Growth-3.50%211.73%
Licensing8.32M18.6M17.58M
Licensing Growth-123.50%-5.50%
Professional Service4.22M8.28M9.49M
Professional Service Growth-96.09%14.66%

Revenue by Geography

202220232024
UNITED STATES3.34M6.77M46.75M
UNITED STATES Growth-102.42%590.66%
Other Countries1.23M2.4M12.79M
Other Countries Growth-94.40%434.15%
KOREA, REPUBLIC OF14.53M-12.29M
KOREA, REPUBLIC OF Growth---
FRANCE4.02M4.09M8.76M
FRANCE Growth-1.67%114.08%
JAPAN3.87M3.71M3.91M
JAPAN Growth--4.11%5.42%
GERMANY4.13M5.95M196K
GERMANY Growth-43.93%-96.71%
GSX KOREA-22.96M-
GSX KOREA Growth---

Frequently Asked Questions

Growth & Financials

SoundHound AI, Inc. (SOUN) reported $148.4M in revenue for fiscal year 2024. This represents a 1833% increase from $7.7M in 2019.

SoundHound AI, Inc. (SOUN) grew revenue by 84.6% over the past year. This is strong growth.

SoundHound AI, Inc. (SOUN) reported a net loss of $312.7M for fiscal year 2024.

Dividend & Returns

SoundHound AI, Inc. (SOUN) has a return on equity (ROE) of -332.7%. Negative ROE indicates the company is unprofitable.

SoundHound AI, Inc. (SOUN) had negative free cash flow of $110.1M in fiscal year 2024, likely due to heavy capital investments.

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