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Sound Group Inc. (SOGP) 10-Year Financial Performance & Capital Metrics

SOGP • • Industrial / General
TechnologyApplication SoftwareDigital Media & Entertainment SoftwareStreaming & Content Delivery
AboutSound Group Inc. operates as an audio-centric social and entertainment company. It focuses on building audio platform to connect and communicate. The company, through its product portfolio and in-house technologies, caters to user interest in audio entertainment and social networking. The company was formerly known as LIZHI INC. and changed its name to Sound Group Inc. in January 2024. Sound Group Inc. was founded in 2010 and is based in Singapore.Show more
  • Revenue $2.03B -1.9%
  • EBITDA -$61M +47.8%
  • Net Income -$70M +45.1%
  • EPS (Diluted) -14.00 +41.7%
  • Gross Margin 27.41% -3.0%
  • EBITDA Margin -3% +46.8%
  • Operating Margin -4.41% +38.1%
  • Net Margin -3.42% +44.0%
  • ROE -27.59% +25.6%
  • ROIC -
  • Debt/Equity 0.09 +88.0%
  • Interest Coverage -215.63 -128.2%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 97 (top 3%)
  • ✓Strong 5Y sales CAGR of 11.5%
  • ✓Share count reduced 4.8% through buybacks
  • ✓Trading at only 0.4x book value
  • ✓Efficient asset utilization: 3.9x turnover

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high

* 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-
5Y11.47%
3Y-1.4%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-

EPS CAGR

10Y-
5Y-
3Y-
TTM-

ROCE

10Y Avg-167.72%
5Y Avg-52.48%
3Y Avg-19.23%
Latest-34.99%

Peer Comparison

Streaming & Content Delivery
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Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+453.53M798.56M1.18B1.5B2.12B2.19B2.07B2.03B
Revenue Growth %-0.76%0.48%0.27%0.41%0.03%-0.05%-0.02%
Cost of Goods Sold+330.82M565.63M910.15M1.13B1.5B1.47B1.49B1.47B
COGS % of Revenue0.73%0.71%0.77%0.75%0.71%0.67%0.72%0.73%
Gross Profit+122.71M232.93M270.44M368.23M617.01M716.35M585.38M556.86M
Gross Margin %0.27%0.29%0.23%0.25%0.29%0.33%0.28%0.27%
Gross Profit Growth %-0.9%0.16%0.36%0.68%0.16%-0.18%-0.05%
Operating Expenses+270.6M241.3M402.83M456.92M755.53M649.69M733.04M646.56M
OpEx % of Revenue0.6%0.3%0.34%0.3%0.36%0.3%0.35%0.32%
Selling, General & Admin229.44M161.72M254.26M231.59M490.82M366.35M431.55M413.87M
SG&A % of Revenue0.51%0.2%0.22%0.15%0.23%0.17%0.21%0.2%
Research & Development43.19M83.21M158.01M225.33M264.71M283.35M301.49M232.69M
R&D % of Revenue0.1%0.1%0.13%0.15%0.12%0.13%0.15%0.11%
Other Operating Expenses-2.03M-3.63M-9.45M00000
Operating Income+-147.89M-8.37M-132.38M-88.69M-138.52M66.65M-147.67M-89.7M
Operating Margin %-0.33%-0.01%-0.11%-0.06%-0.07%0.03%-0.07%-0.04%
Operating Income Growth %-0.94%-14.81%0.33%-0.56%1.48%-3.22%0.39%
EBITDA+-142.02M1.39M-119.85M-60.85M-107.28M100.47M-116.56M-60.87M
EBITDA Margin %-0.31%0%-0.1%-0.04%-0.05%0.05%-0.06%-0.03%
EBITDA Growth %-1.01%-87.22%0.49%-0.76%1.94%-2.16%0.48%
D&A (Non-Cash Add-back)5.87M9.76M12.54M27.84M31.24M33.81M31.1M28.83M
EBIT-147.89M-8.37M-132.38M-75.82M-123.97M89.19M-132.52M-77.3M
Net Interest Income+-2.01M221K300K-1.8M-635K4.81M9.26M9.63M
Interest Income0221K300K02.27M7.28M10.82M10.04M
Interest Expense2.01M001.8M2.9M2.47M1.56M416K
Other Income/Expense-5.78M-970K-572K7.5M11.64M20.06M13.59M11.99M
Pretax Income+-153.66M-9.34M-132.96M-81.19M-126.87M86.71M-134.08M-77.72M
Pretax Margin %-0.34%-0.01%-0.11%-0.05%-0.06%0.04%-0.06%-0.04%
Income Tax+000999K376K207K434K3.26M
Effective Tax Rate %1%1%1%1.01%1%1%0.94%0.9%
Net Income+-153.66M-9.34M-132.96M-82.18M-127.25M86.52M-126.65M-69.58M
Net Margin %-0.34%-0.01%-0.11%-0.05%-0.06%0.04%-0.06%-0.03%
Net Income Growth %-0.94%-13.23%0.38%-0.55%1.68%-2.46%0.45%
Net Income (Continuing)-153.66M-9.34M-132.96M-82.18M-127.25M86.5M-134.51M-80.98M
Discontinued Operations00000000
Minority Interest00000-13K-9.46M-20.98M
EPS (Diluted)+-54.90-3.40-42.00-54.00-26.0016.00-24.00-14.00
EPS Growth %-0.94%-11.35%-0.29%0.52%1.62%-2.5%0.42%
EPS (Basic)-54.90-3.40-42.00-54.00-26.0016.00-24.00-14.00
Diluted Shares Outstanding4.14M4.14M4.57M4.42M4.96M5.19M5.39M5.13M
Basic Shares Outstanding4.14M4.14M4.57M4.42M4.96M5.18M5.39M5.13M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+231.06M218.01M104.46M419.91M577.51M723.49M533.09M489.35M
Cash & Short-Term Investments206.51M205.6M82.71M388.48M533.29M679.54M494.96M441.86M
Cash Only206.51M205.6M82.71M315.46M533.29M568.19M494.96M441.86M
Short-Term Investments00073.02M0111.35M00
Accounts Receivable14.59M6.92M6.42M11.15M15.06M8.24M12.88M11.25M
Days Sales Outstanding11.743.161.992.712.591.382.272.02
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets1.44M1.49M2.33M7.42M8.47M13.91M7.48M15.93M
Total Non-Current Assets+11.49M18.65M36.22M43.91M65.38M52.84M33.49M32.09M
Property, Plant & Equipment8.87M17.2M32.39M38.8M62.33M51.66M31.28M29.18M
Fixed Asset Turnover51.16x46.44x36.45x38.73x34.00x42.30x66.24x69.62x
Goodwill00000000
Intangible Assets2.13M1.45M1.7M2.93M2.25M1.18M1.39M1.18M
Long-Term Investments500K0000000
Other Non-Current Assets002.13M2.18M799K0818K1.73M
Total Assets+242.55M236.66M140.68M463.82M642.89M776.34M566.57M521.44M
Asset Turnover1.87x3.37x8.39x3.24x3.30x2.81x3.66x3.90x
Asset Growth %--0.02%-0.41%2.3%0.39%0.21%-0.27%-0.08%
Total Current Liabilities+155.01M155.81M192.12M288.63M366.5M371.53M272.63M302.71M
Accounts Payable52.45M76.72M72.3M78.27M80.79M53.83M43.18M39.38M
Days Payables Outstanding57.8749.528.9925.1819.6313.3810.69.74
Short-Term Debt00039.51M69M73.77M07.19M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities147K58K3.66M4.71M9.61M7.11M6.29M13.47M
Current Ratio1.49x1.40x0.54x1.45x1.58x1.95x1.96x1.62x
Quick Ratio1.49x1.40x0.54x1.45x1.58x1.95x1.96x1.62x
Cash Conversion Cycle--------
Total Non-Current Liabilities+790.62M1.01B1.95B6M21.53M12.15M3.94M4.42M
Long-Term Debt00000000
Capital Lease Obligations000587K17.08M8.2M3.94M4.42M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities790.62M1.01B1.95B5.41M4.45M3.95M00
Total Liabilities945.63M1.16B2.14B294.63M388.03M383.67M276.56M307.13M
Total Debt+00043.8M100M100.33M14.29M19.85M
Net Debt-206.51M-205.6M-82.71M-271.65M-433.29M-467.86M-480.68M-422.01M
Debt / Equity---0.26x0.39x0.26x0.05x0.09x
Debt / EBITDA-----1.00x--
Net Debt / EBITDA--147.92x----4.66x--
Interest Coverage-73.65x---49.38x-47.70x26.94x-94.48x-215.63x
Total Equity+-703.08M-925.96M-2B169.19M254.85M392.66M290.01M214.31M
Equity Growth %--0.32%-1.16%1.08%0.51%0.54%-0.26%-0.26%
Book Value per Share-169.62-223.39-437.0138.3151.3975.6153.7641.74
Total Shareholders' Equity-703.08M-925.96M-2B169.19M254.85M392.68M299.48M235.29M
Common Stock171K171K189K640K698K711K725K725K
Retained Earnings-704.36M-929.89M-2B-2.24B-2.37B-2.28B-2.41B-2.49B
Treasury Stock00-18K-12K-11K-10K-958K-10.18M
Accumulated OCI1.11M3.76M4.43M-1.91M-9.76M15.09M19.57M32.41M
Minority Interest00000-13K-9.46M-20.98M

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-31.33M13.96M-95.75M40M-40.43M136.27M-117.05M-26.47M
Operating CF Margin %-0.07%0.02%-0.08%0.03%-0.02%0.06%-0.06%-0.01%
Operating CF Growth %-1.45%-7.86%1.42%-2.01%4.37%-1.86%0.77%
Net Income-153.66M-9.34M-132.96M-82.18M-127.25M86.5M-134.51M-80.98M
Depreciation & Amortization5.87M9.76M12.54M27.84M31.24M33.81M31.1M28.83M
Stock-Based Compensation00050.74M37.36M29.23M26.75M14.15M
Deferred Taxes00000000
Other Non-Cash Items4.64M516K-1.18M1.96M738K1.04M91.65M3.38M
Working Capital Changes111.82M13.03M25.85M41.64M17.49M-14.33M-132.04M8.14M
Change in Receivables-3.61M6.19M3.51M-5.38M1.9M3.23M1.64M475K
Change in Inventory00000000
Change in Payables40.96M24.26M-4.42M5.97M2.53M-26.96M-10.65M-3.81M
Cash from Investing+-13.2M-17.38M-29.37M-94.56M52.1M-122.78M105.65M-11.97M
Capital Expenditures-7.92M-14.16M-27.86M-21.25M-20.07M-11.69M-5.96M-11.07M
CapEx % of Revenue0.02%0.02%0.02%0.01%0.01%0.01%0%0.01%
Acquisitions--------
Investments--------
Other Investing-4.77M-3.21M-1.5M-1.51M-846K-70K592K-902K
Cash from Financing+237.79M00298.05M212.68M4.77M-71.67M-2.99M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing0002K3K5K2.3M7K
Net Change in Cash--------
Free Cash Flow+-44.03M-3.46M-125.12M16.99M-61.36M124.43M-124.27M-38.64M
FCF Margin %-0.1%-0%-0.11%0.01%-0.03%0.06%-0.06%-0.02%
FCF Growth %-0.92%-35.22%1.14%-4.61%3.03%-2%0.69%
FCF per Share-10.62-0.83-27.363.85-12.3723.96-23.03-7.53
FCF Conversion (FCF/Net Income)0.20x-1.49x0.72x-0.49x0.32x1.58x0.92x0.38x
Interest Paid1.86M001.89M3.14M2.23M2.05M416K
Taxes Paid0000924K100K495K1.86M

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)----48.57%-60.02%26.72%-37.1%-27.59%
Gross Margin27.06%29.17%22.91%24.5%29.11%32.78%28.25%27.41%
Net Margin-33.88%-1.17%-11.26%-5.47%-6%3.96%-6.11%-3.42%
Debt / Equity---0.26x0.39x0.26x0.05x0.09x
Interest Coverage-73.65x---49.38x-47.70x26.94x-94.48x-215.63x
FCF Conversion0.20x-1.49x0.72x-0.49x0.32x1.58x0.92x0.38x
Revenue Growth-76.08%47.84%27.3%41.03%3.1%-5.19%-1.93%

Revenue by Segment

20232024
Audio Entertainment2.06B2.02B
Audio Entertainment Growth--2.17%
Podcast Advertising And Others8.43M13.21M
Podcast Advertising And Others Growth-56.75%

Frequently Asked Questions

Growth & Financials

Sound Group Inc. (SOGP) reported $2.03B in revenue for fiscal year 2024. This represents a 348% increase from $453.5M in 2017.

Sound Group Inc. (SOGP) saw revenue decline by 1.9% over the past year.

Sound Group Inc. (SOGP) reported a net loss of $69.6M for fiscal year 2024.

Dividend & Returns

Sound Group Inc. (SOGP) has a return on equity (ROE) of -27.6%. Negative ROE indicates the company is unprofitable.

Sound Group Inc. (SOGP) had negative free cash flow of $38.6M in fiscal year 2024, likely due to heavy capital investments.

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