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Makes voice AI technology that powers conversational assistants in cars, restaurant drive-thrus and other devices.
Makes voice AI technology that powers conversational assistants in cars, restaurant drive-thrus and other devices.
Revenue comes from licence and royalty fees per vehicle or per interaction, plus subscriptions and usage charges from companies running its voice agents, rather than from consumer apps. The 2024 acquisition of Amelia broadened it beyond cars and drive-thrus into customer-service agents for large enterprises.
Moat: narrow (IP / patents, process know-how). Proprietary speech recognition/NLU technology and automotive design wins, in a market with big-tech competitors.
Headquarters: Santa Clara, California, United States · Founded: 2005 · Employees: 954
Size SoundHound AI (SOUN) is a United States Information Technology company (Packaged Software) with a market value of $1.85B, the 1852nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $4.11 on 6 Nov 2026.
Performance Over six months the shares fell 53.7%, against -14.9% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth Revenue grew 54.6% over the last twelve months (peer median +9.8%); the operating margin is -95.8% (peer median 4.0%).
Valuation It trades at 8.1× enterprise value to sales against a peer median of 5.0× (5th most expensive of 21).
Capital Return on invested capital runs 71.9 points below its cost of capital (19.5% WACC).
Backlog Backlog (remaining performance obligations) was $60.0M at 30 Jun 2026, down 13% on a year earlier — 0.3 years of trailing revenue. Backlog detail →
Short interest Short interest is 40.9% of the free float (15 Oct 2026).
Next results Next results expected around 4 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $203M | $169M | $84.7M | $45.9M | $31.1M |
| Revenue growth | — | +99% | +85% | +47% | — |
| Gross profit | $67.1M | $55.7M | $34.3M | $34.6M | $21.5M |
| EBITDA | -$155M | -$146M | -$95.7M | -$61.7M | -$102M |
| Net income | -$137M | -$14.0M | -$351M | -$88.9M | -$117M |
| Free cash flow | -$142M | -$99.1M | -$110M | -$68.7M | -$95.3M |
| Capital expenditure | $37.3M | $4.90M | $640,000 | $392,000 | $1.33M |
| Total debt | $5.44M | $4.21M | $4.35M | $90.2M | $44.1M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| SoundHound AI SOUN | $1.85B | -54% | +55% | -96% | 8.1× | n/a |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 11.6× | 17.2% |
| Cerence CRNC | $369M | -17% | +26% | 12% | 1.4× | 6.4% |
| Alphabet Inc. (Class A) GOOGL | $3.47T | -29% | +22% | 33% | 7.2× | 18.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SOUN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.5% | +3.3% | 2nd lowest of 21 |
| 6-month return | -53.7% | -14.9% | 2nd lowest of 21 |
| Distance from 52-week high | -73.8% | -40.1% | 3rd lowest of 21 |
| Revenue growth (TTM) | +54.6% | +9.8% | 3rd highest of 21 |
| Operating margin | -95.8% | 4.0% | 3rd lowest of 21 |
| EV / Sales | 8.1× | 5.0× | 5th most expensive of 21 |
| ROIC minus cost of capital | -71.9 pp | -0.3 pp | lowest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SoundHound AI SOUN | United States | $1.85B | -54% | +55% | -96% | 8.1× | n/a | n/a |
| C3.ai AI | United States | $1.84B | +18% | -38% | -198% | 5.1× | n/a | n/a |
| Hydsoft Technology 301316.SZ | China | $1.86B | -41% | +19% | 3% | 4.9× | 46.1% | +26.7% |
| Certara CERT | United States | $1.84B | +91% | +1% | 5% | 4.8× | 40.7% | +11.5% |
| eToro ETOR | United States | $1.86B | -40% | +10% | 32% | 0.7× | -18.5% | +15.4% |
| ArcSoft 688088.SS | China | $1.87B | -26% | +10% | 12% | 11.2× | 41.3% | +6.2% |
| Shenzhen Intellifusion Technologies 688343.SS | China | $1.87B | -46% | -4% | -52% | 8.4× | n/a | n/a |
| Business-Intelligence of Oriental Nations 300166.SZ | China | $1.88B | -27% | +7% | -5% | 6.0× | n/a | n/a |
| iFAST AIY.SI | Singapore | $1.89B | -10% | +35% | 24% | 1.9× | -11.6% | +24.8% |
| China TransInfo Technology 002373.SZ | China | $1.89B | -11% | +16% | 1% | 1.2× | 22.0% | -2.7% |
| Shadowfax Technologies SHADOWFAX.NS | India | $1.79B | +70% | +69% | 10% | 3.8× | 47.0% | +43.7% |
| Nayax NYAX | United States | $1.78B | -34% | +28% | 5% | 3.5× | 26.9% | +38.7% |
| Progress Software PRGS | United States | $1.78B | +46% | +6% | 19% | 2.9× | 1.8% | +17.2% |
| Pony AI 2026.HK | Hong Kong | $1.93B | -56% | +67% | -214% | 7.4× | n/a | n/a |
| Sinosoft 603927.SS | China | $1.77B | -14% | -24% | 2% | 1.8× | 23.0% | +0.9% |
| Planisware Societe anonyme PLNW.PA | France | $1.94B | +46% | +8% | 31% | 7.4× | 12.3% | +16.8% |
| Karooooo KARO | United States | $1.95B | +25% | +32% | 25% | 5.5× | 10.4% | +17.7% |
| Beijing Haizhi Technology 2706.HK | Hong Kong | $1.75B | -31% | +23% | -9% | 18.7× | n/a | n/a |
| Wuhan Dameng Database 688692.SS | China | $1.75B | -28% | +28% | 28% | 5.4× | 12.7% | +23.2% |
| Ourpalm 300315.SZ | China | $1.96B | -3% | -5% | -65% | 16.0× | 55.8% | -17.0% |
| Aisino 600271.SS | China | $1.96B | -16% | -12% | -24% | 1.8× | n/a | n/a |
SoundHound AI reported $60.0M of remaining performance obligations at 30 Jun 2026, down 13% from a year earlier and down 7% from the previous quarter. That is 0.3 years of trailing revenue already under contract. Book-to-bill last quarter: 0.92.