SOUNDHOUND AI INC
For the period ended Dec 31, 2024. Filed Mar 11, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 11, 2025
SOUN$4.05-1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $198,240 | $95,260 |
| Accounts receivable, net of allowances of $726 and $203 as of December 31, 2024 and 2023, respectively | 23,159 | 4,050 |
| Contract assets and unbilled revenue, net | 26,645 | 11,780 |
| Other current assets | 7,476 | 2,452 |
| Total current assets | 255,520 | 113,542 |
| Restricted cash equivalents, non-current | 676 | 13,775 |
| Right-of-use assets | 4,692 | 5,210 |
| Property and equipment, net | 1,239 | 1,515 |
| Goodwill | 101,704 | — |
| Intangible assets, net | 174,943 | — |
| Deferred tax asset | 4 | 11 |
| Contract assets and unbilled revenue, non-current, net | 12,879 | 16,492 |
| Other non-current assets | 2,296 | 577 |
| Total assets | $553,953 | $151,122 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $5,559 | $1,653 |
| Accrued liabilities | 26,291 | 13,884 |
| Operating lease liabilities | 1,898 | 2,637 |
| Finance lease liabilities | 49 | 121 |
| Income tax liability | 2,750 | 1,618 |
| Deferred revenue | 23,876 | 4,310 |
| Other current liabilities | 7,319 | — |
| Total current liabilities | 67,742 | 24,223 |
| Operating lease liabilities, net of current portion | 2,403 | 3,089 |
| Deferred revenue, net of current portion | 6,862 | 4,910 |
| Long-term debt | — | 84,312 |
| Contingent acquisition liabilities | 286,898 | — |
| Income tax liability, net of current portion | 3,075 | 2,453 |
| Other non-current liabilities | 4,320 | 3,967 |
| Total liabilities | 371,300 | 122,954 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity (deficit): | ||
| Series A Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; 0 and 475,005 shares issued and outstanding, aggregate liquidation preference of $— and $16,227 as of December 31, 2024 and December 31, 2023, respectively | — | 14,187 |
| Class A Common Stock, $0.0001 par value; 455,000,000 shares authorized; 361,096,457 and 216,943,349 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 35 | 22 |
| Class B Common Stock, $0.0001 par value; 44,000,000 shares authorized; 32,535,408 and 37,485,408 shares issued and outstanding as of December 31, 2024 and 2023, respectively | 3 | 4 |
| Additional paid-in capital | 1,125,470 | 606,135 |
| Accumulated deficit | (943,060) | (592,379) |
| Accumulated other comprehensive income | $205 | 199 |
| Total stockholders’ equity | 182,653 | 28,168 |
| Total liabilities and stockholders’ equity | $553,953 | $151,122 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.