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$3.87-4.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss
AND COMPREHENSIVE LOSS
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues | $84,693 | $45,873 | $31,129 |
| Operating expenses: | |||
| Cost of revenues | 43,309 | 11,307 | 9,599 |
| Sales and marketing | 29,126 | 18,893 | 20,367 |
| Research and development | 70,555 | 51,439 | 76,392 |
| General and administrative | 53,270 | 28,285 | 30,443 |
| Change in fair value of contingent acquisition liabilities | 222,670 | — | — |
| Amortization of intangible assets | 7,116 | — | — |
| Restructuring | — | 4,557 | — |
| Total operating expenses | 426,046 | 114,481 | 136,801 |
| Loss from operations | (341,353) | (68,608) | (105,672) |
| Other expense, net: | |||
| Loss on early extinguishment of debt | (15,629) | (837) | — |
| Interest expense | (12,168) | (16,733) | (6,893) |
| Other income (expense), net | 9,222 | 1,155 | (1,259) |
| Total other expense, net | (18,575) | (16,415) | (8,152) |
| Loss before provision (benefit) for income taxes | (359,928) | (85,023) | (113,824) |
| Provision (benefit) for income taxes | (9,247) | 3,914 | 2,889 |
| Net loss | (350,681) | (88,937) | (116,713) |
| Cumulative dividends attributable to Series A Preferred Stock | (416) | (2,774) | — |
| Net loss attributable to SoundHound common shareholders | (351,097) | (91,711) | (116,713) |
| Other comprehensive loss: | |||
| Unrealized gains on investments | 6 | 199 | — |
| Comprehensive loss | $(350,675) | $(88,738) | $(116,713) |
| Net loss per share: | |||
| Basic and diluted | $(1.04) | $(0.40) | $(0.74) |
| Weighted-average common shares outstanding: | |||
| Basic and diluted | 338,462,574 | 229,264,904 | 157,317,695 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.