SOUNDHOUND AI, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $168.9M | $84.7M | $45.9M | $31.1M | $21.2M |
| Cost of Revenue | $97.4M | $43.3M | $11.3M | $9.6M | $6.6M |
| Gross Profit | $71.6M | $41.4M | $34.6M | $21.5M | $14.6M |
| Gross Margin | 42.4% | 48.9% | 75.4% | 69.2% | 68.9% |
| Operating Expenses | |||||
| Research & Development | $98.3M | $70.6M | $51.4M | $76.4M | $59.2M |
| SG&A Expense | $82.2M | $53.3M | $28.3M | $30.4M | $16.5M |
| Operating Income | $-23.3M | $-341.4M | $-68.6M | $-105.7M | $-65.3M |
| Operating Margin | -13.8% | -403.0% | -149.6% | -339.5% | -308.2% |
| Interest Expense | — | — | $17.6M | $6.9M | $8.3M |
| Pretax Income | $-9.3M | $-359.9M | $-85.0M | $-113.8M | $-79.1M |
| Income Tax Expense | $4.7M | $-9.2M | $3.9M | $2.9M | $456.0K |
| Net Income | $-14.0M | $-350.7M | $-88.9M | $-116.7M | $-79.5M |
| Net Margin | -8.3% | -414.1% | -193.9% | -374.9% | -375.2% |
| EPS (Basic) | $-0.03 | $-1.04 | $-0.40 | $-0.74 | $-0.59 |
| EPS (Diluted) | $-0.28 | $-1.04 | $-0.40 | $-0.74 | $-0.59 |
| Shares Outstanding (Basic) | 405.4M | 338.5M | 229.3M | 157.3M | 134.5M |
| Shares Outstanding (Diluted) | 409.5M | 338.5M | 229.3M | 157.3M | 134.5M |
| Dividends Per Share | — | — | — | — | — |