SOUNDHOUND AI, INC.
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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.
FY2025 · Filed Mar 2, 2026
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 Balance Sheets
| December 31,2025 | December 31,2024 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $248,490 | $198,240 |
| Accounts receivable, net of allowances of $2,254 and $726 as of December 31, 2025 and 2024, respectively | 32,336 | 23,159 |
| Contract assets and unbilled revenue, net | 38,189 | 26,645 |
| Other current assets | 10,114 | 7,476 |
| Total current assets | 329,129 | 255,520 |
| Restricted cash equivalents, non-current | 676 | 676 |
| Right-of-use assets | 3,791 | 4,692 |
| Property and equipment, net | 2,928 | 1,239 |
| Goodwill | 122,277 | 101,704 |
| Intangible assets, net | 181,395 | 174,943 |
| Deferred tax asset | 29 | 4 |
| Contract assets and unbilled revenue, non-current, net | 29,906 | 12,879 |
| Other non-current assets | 18,042 | 2,296 |
| Total assets | $688,173 | $553,953 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| Current liabilities: | ||
| Accounts payable | $10,562 | $5,559 |
| Accrued liabilities | 26,325 | 26,291 |
| Operating lease liabilities | 1,812 | 1,898 |
| Finance lease liabilities | 332 | 49 |
| Income tax liability | 2,662 | 2,750 |
| Deferred revenue | 24,042 | 23,876 |
| Contingent acquisition liabilities (Note 12) | 4,400 | — |
| Other current liabilities | 1,604 | 7,319 |
| Total current liabilities | 71,739 | 67,742 |
| Operating lease liabilities, net of current portion | 2,069 | 2,403 |
| Deferred revenue, net of current portion | 8,195 | 6,862 |
| Contingent acquisition liabilities, net of current portion (Note 12) | 129,227 | 286,898 |
| Income tax liability, net of current portion | 2,254 | 3,075 |
| Deferred tax liability | 1,363 | — |
| Other non-current liabilities | 9,540 | 4,320 |
| Total liabilities | $224,387 | $371,300 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity (deficit): | ||
| Series A Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; 0 and 0 shares issued and outstanding, aggregate liquidation preference of $— and $— as of December 31, 2025 and 2024, respectively | — | — |
| Class A Common Stock, $0.0001 par value; 755,000,000 and 455,000,000 shares authorized; 390,070,691 and 361,096,457 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 37 | 35 |
| Class B Common Stock, $0.0001 par value; 44,000,000 shares authorized as of December 31, 2025 and 2024; 32,535,408 and 32,535,408 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 3 | 3 |
| Additional paid-in capital | 1,420,672 | 1,125,470 |
| Accumulated deficit | (957,066) | (943,060) |
| Accumulated other comprehensive income | 140 | 205 |
| Total stockholders’ equity | $463,786 | $182,653 |
| Total liabilities and stockholders’ equity | $688,173 | $553,953 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.