SoundHound AI, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & Equivalents | $248.5M | $198.2M | $95.3M | $9.2M | $21.6M |
| Accounts Receivable | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total Current Assets | $329.1M | $255.5M | $113.5M | $17.7M | $27.5M |
| Property, Plant & Equipment | — | — | — | — | — |
| Goodwill | $122.3M | $101.7M | $0 | — | — |
| Intangible Assets (Excl. Goodwill) | $181.4M | $174.9M | $0 | — | — |
| Total Assets | $688.2M | $554.0M | $151.1M | $38.0M | $49.2M |
| Liabilities | |||||
| Accounts Payable | $10.6M | $5.6M | $1.7M | $2.8M | $3.8M |
| Total Current Liabilities | $71.7M | $67.7M | $24.2M | $38.6M | $87.7M |
| Long-Term Debt | — | $0 | $84.3M | $18.3M | — |
| Total Liabilities | $224.4M | $371.3M | $123.0M | $74.6M | $112.9M |
| Stockholders' Equity | |||||
| Retained Earnings | $-957.1M | $-943.1M | $-592.4M | $-503.4M | $-386.7M |
| Total Stockholders' Equity | $463.8M | $182.7M | $28.2M | $-36.6M | $-343.2M |