Stocks·NASDAQ:SOUN

SoundHound AI (SOUN)

I don't own it · as I said on Oct 28, 2026

OverviewFinancialsOwnersFilings
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Revenue, last 12 months$203M+55% vs. a year before
Free cash flow, last 12 months-$116MBurning cash
Cash and short-term investments$203MNo debt reported
Cash runway (my math)21 monthsAt $29M burned a quarter
Backlog (signed, not yet booked)$60MAs of Jun 30, 2026

My take

Average analyst target about $12 as of Oct 28, 2026 · Scorecard

Every video where I mention SOUN

The last 12 months

  1. Nov 5, 20268-KReleased quarterly results; Restructuring or layoff costs
  2. Oct 28, 2026VideoMy video: SOUN Stock: Analysts Say This $4 AI Stock Could Triple
  3. Oct 22, 2026VideoMy video: SoundHound Gets a Buy. Profitable AI Stock Cerence Gets a Hold. (CRNC)
  4. Sep 4, 20268-KSigned a major agreement; Completed buying or selling a business; Sold shares without SEC registration; Executive or board change; Shared information with investors; Other news
  5. Sep 4, 20268-KOther news
  6. Sep 4, 2026424B7Prospectus for shares sold by existing holders
  7. Sep 4, 2026S-8Registered shares for employee stock plans
  8. Sep 2, 20268-KSold shares without SEC registration
  9. Aug 10, 202610-QQuarterly report
  10. Aug 5, 20268-KReleased quarterly results
  11. Jul 24, 20268-KOther news
  12. Jul 9, 2026424B3Prospectus (often lets existing holders resell shares)
  13. Jul 2, 20268-KSigned a major agreement
  14. May 27, 20268-KChanged its bylaws or fiscal year; Shareholder vote results; Other news

All filings →

Cash runway: about 21 months. SoundHound AI had $203M in cash and short-term investments on Jun 30, 2026 and burned $116M of free cash flow over the 12 months before that, about $29M a quarter. Divide one by the other and that's the runway, if nothing changes.

My math, not the company's. It doesn't count money raised after Jun 30, 2026 (check the Filings tab for offerings), credit lines, or plans to cut spending.

Revenue by year
2021: $21.2M20212022: $31.1M20222023: $45.9M20232024: $84.7M20242025: $169M2025$169M
Show the numbers
Revenue by year
2021$21.2M
2022$31.1M
2023$45.9M
2024$84.7M
2025$169M
Revenue by quarter calendar quarter the period ended in
Q3 23: $13.3MQ4 23: $17.1MQ4 23Q1 24: $11.6MQ2 24: $13.5MQ2 24Q3 24: $25.1MQ4 24: $34.5MQ4 24Q1 25: $29.1MQ2 25: $42.7MQ2 25Q3 25: $42MQ4 25: $55.1MQ4 25Q1 26: $44.2MQ2 26: $61.9MQ2 26$61.9M
Show the numbers
Revenue by quarter
Q3 23$13.3M
Q4 23$17.1M
Q1 24$11.6M
Q2 24$13.5M
Q3 24$25.1M
Q4 24$34.5M
Q1 25$29.1M
Q2 25$42.7M
Q3 25$42M
Q4 25$55.1M
Q1 26$44.2M
Q2 26$61.9M
Operating income (loss) by year profit from the business before interest and taxes
2021: -$65.3M20212022: -$106M20222023: -$68.6M20232024: -$341M20242025: -$23.3M2025-$23.3M
Show the numbers
Operating income (loss) by year
2021-$65.3M
2022-$106M
2023-$68.6M
2024-$341M
2025-$23.3M
Free cash flow by year cash from operations minus spending on buildings and equipment
2021: -$66.8M20212022: -$95.3M20222023: -$68.7M20232024: -$110M20242025: -$99.1M2025-$99.1M
Show the numbers
Free cash flow by year
2021-$66.8M
2022-$95.3M
2023-$68.7M
2024-$110M
2025-$99.1M
Cash vs. debt

Cash and short-term investmentsDebt

2021 · Cash and short-term investments: $21.6M2021 · Debt: $29.9M20212022 · Cash and short-term investments: $9.24M2022 · Debt: $35M20222023 · Cash and short-term investments: $95.3M2023 · Debt: $84.3M20232024 · Cash and short-term investments: $198M2024 · Debt: $020242025 · Cash and short-term investments: $248M2025
Show the numbers
Cash and short-term investmentsDebt
2021$21.6M$29.9M
2022$9.24M$35M
2023$95.3M$84.3M
2024$198M$0
2025$248Mn/a
How it makes money: Q2 2026 revenue by product or service; the thin line is a year earlier
  • Hosted services$32.2M 52% +54% vs. a year ago
  • Licensing$21.4M 35% +17% vs. a year ago
  • Professional services$8.29M 13% +150% vs. a year ago
  • Monetization$55K 0% -53% vs. a year ago

From the 10-Q filed Aug 10, 2026. Source. The parts didn't add up neatly in this filing, so treat this split as approximate.

Stock pay vs. buybacks

Stock-based pay to employeesSpent buying back shares

2021 · Stock-based pay to employees: $6.32M2021 · Spent buying back shares: $020212022 · Stock-based pay to employees: $28.8M2022 · Spent buying back shares: $020222023 · Stock-based pay to employees: $27.9M2023 · Spent buying back shares: $020232024 · Stock-based pay to employees: $33.1M2024 · Spent buying back shares: $020242025 · Stock-based pay to employees: $80.6M2025 · Spent buying back shares: $02025
Show the numbers
Stock-based pay to employeesSpent buying back shares
2021$6.32M$0
2022$28.8M$0
2023$27.9M$0
2024$33.1M$0
2025$80.6M$0

If buybacks are smaller than stock pay, the buyback isn't shrinking the share count; it's soaking up shares handed to employees.

Backlog (remaining performance obligations) contracts signed but not yet booked as revenue
Q3 23: $13.9MQ4 23: $12.7MQ4 23Q1 24: $11.8MQ2 24: $10.6MQ2 24Q3 24: $66.9MQ4 24: $83.3MQ4 24Q1 25: $71.1MQ2 25: $69.2MQ2 25Q3 25: $70.6MQ4 25: $79.5MQ4 25Q1 26: $64.7MQ2 26: $60MQ2 26$60M
Show the numbers
Backlog (remaining performance obligations)
Q3 23$13.9M
Q4 23$12.7M
Q1 24$11.8M
Q2 24$10.6M
Q3 24$66.9M
Q4 24$83.3M
Q1 25$71.1M
Q2 25$69.2M
Q3 25$70.6M
Q4 25$79.5M
Q1 26$64.7M
Q2 26$60M

Compare SOUN with other stocks →

From the company's own SEC filings via SEC EDGAR, latest period ended Jun 30, 2026. Numbers can be restated later. Not investment advice.

Dilution

Shares outstanding
Jul 2021: 17.5MJul 2021Aug 2021: 17.5MAug 2021Nov 2021: 17.5MNov 2021Jan 2022: 17.5MJan 2022Mar 2022: 17.5MMar 202217.5M
Show the numbers
Shares outstanding
Jul 202117.5M
Aug 202117.5M
Nov 202117.5M
Jan 202217.5M
Mar 202217.5M

Insider trades

Insider buys, 12 months0none
Insider sales, 12 months29$11.1M, 10 planned in advance

Bought or sold on the open market

DateWhoWhatSharesValueFiling
Sep 17, 2026Diana Sroka
Director
Sold on the market (planned)1.6K$9.48KForm 4
Sep 15, 2026Michael Zagorsek
Chief Operating Officer
Sold on the market71.1K$450KForm 4
Sep 15, 2026James Ming Hom
Chief Product Officer, Director
Sold on the market38.7K$245KForm 4
Sep 15, 2026Majid Emami
CSO & SVP, Engineering, 10% owner
Sold on the market38.7K$245KForm 4
Sep 15, 2026Keyvan Mohajer
CEO, Director, 10% owner
Sold on the market137K$869KForm 4
Aug 27, 2026Diana Sroka
Director
Sold on the market (planned)1.3K$9.60KForm 4
Jun 15, 2026Michael Zagorsek
Chief Operating Officer
Sold on the market65K$485KForm 4
Jun 15, 2026Timothy Stonehocker
Chief Technology Officer
Sold on the market18.8K$140KForm 4
Jun 15, 2026James Ming Hom
Chief Product Officer, Director
Sold on the market28.8K$215KForm 4
Jun 15, 2026Keyvan Mohajer
CEO, Director, 10% owner
Sold on the market127K$944KForm 4
Jun 15, 2026Majid Emami
CSO & SVP, Engineering, 10% owner
Sold on the market28.8K$215KForm 4
Mar 23, 2026Diana Sroka
Director
Sold on the market (planned)1.3K$9.09KForm 4
Mar 20, 2026Timothy Stonehocker
Chief Technology Officer
Sold on the market23.1K$157KForm 4
Mar 20, 2026Michael Zagorsek
Chief Operating Officer
Sold on the market53K$360KForm 4
Mar 20, 2026Nitesh Sharan
Chief Financial Officer
Sold on the market44K$299KForm 4
Everything else: grants, option exercises, tax withholding (18)
DateWhoWhatSharesValueFiling
Sep 4, 2026John DeNeen Collins
Chief Financial Officer
Grant or award
2 trades that day
1.1Mn/aForm 4
Jul 31, 2026Lawrence Marcus
Director
Grant or award4Kn/aForm 4
Jul 31, 2026Keyvan Mohajer
CEO, Director, 10% owner
Grant or award
2 trades that day
1.9Mn/aForm 4
Jul 31, 2026Majid Emami
CSO & SVP, Engineering, 10% owner
Grant or award400Kn/aForm 4
Jul 31, 2026Michael Zagorsek
Chief Operating Officer
Grant or award
2 trades that day
1Mn/aForm 4
Jul 31, 2026James Ming Hom
Chief Product Officer, Director
Grant or award400Kn/aForm 4
Jul 31, 2026Diana Sroka
Director
Grant or award4Kn/aForm 4
Jul 31, 2026Eric R. Ball
Director
Grant or award4Kn/aForm 4
Jul 30, 2026Michael Zagorsek
Chief Operating Officer
Grant or award
2 trades that day
1Mn/aForm 4
Jul 30, 2026James Ming Hom
Chief Product Officer, Director
Grant or award400Kn/aForm 4
Jul 30, 2026Majid Emami
CSO & SVP, Engineering, 10% owner
Grant or award400Kn/aForm 4
Jul 30, 2026Keyvan Mohajer
CEO, Director, 10% owner
Grant or award
2 trades that day
1.9Mn/aForm 4
Jul 30, 2026Lawrence Marcus
Director
Grant or award4Kn/aForm 4
Jul 30, 2026Eric R. Ball
Director
Grant or award4Kn/aForm 4
Jul 30, 2026Diana Sroka
Director
Grant or award4Kn/aForm 4
May 22, 2026Diana Sroka
Director
Grant or award20.7Kn/aForm 4
May 22, 2026Lawrence Marcus
Director
Grant or award20.7Kn/aForm 4
May 22, 2026Eric R. Ball
Director
Grant or award20.7Kn/aForm 4

An insider buying with their own money is a stronger signal than a sale: people sell for taxes, houses and diversification. "Planned" sales were scheduled months ahead under a 10b5-1 plan. Source: SEC Form 4.

Famous investors who own it

None of the 18 famous investors I track owned SOUN at their last 13F. Who I track.

Failed trades

Failed trades (fails to deliver) shares that weren't delivered on time when a trade settled
Aug 11: 9.3KAug 12: 134KAug 14: 204KAug 17: 67KAug 17Aug 18: 1.9MAug 19: 378KAug 20: 1.2KAug 21: 359KAug 21Aug 24: 88.5KAug 25: 266KAug 26: 200KAug 27: 126KAug 27Aug 31: 42.2KSep 1: 63.3KSep 2: 453KSep 3: 64.7KSep 3Sep 4: 96.7KSep 8: 284KSep 9: 609KSep 10: 40.1KSep 10Sep 11: 458KSep 14: 236KSep 15: 247KSep 16: 5.2KSep 16Sep 17: 25.7KSep 18: 12.2KSep 21: 41.1KSep 22: 557KSep 22Sep 23: 839KSep 25: 10Sep 28: 79.6KSep 29: 5.2KSep 29Oct 1: 41KOct 5: 39KOct 6: 41.7KOct 7: 516Oct 7Oct 8: 43.9KOct 9: 6.8KOct 13: 108KOct 14: 124KOct 14124K
Show the numbers
Failed trades (fails to deliver)
Aug 119.3K
Aug 12134K
Aug 14204K
Aug 1767K
Aug 181.9M
Aug 19378K
Aug 201.2K
Aug 21359K
Aug 2488.5K
Aug 25266K
Aug 26200K
Aug 27126K
Aug 3142.2K
Sep 163.3K
Sep 2453K
Sep 364.7K
Sep 496.7K
Sep 8284K
Sep 9609K
Sep 1040.1K
Sep 11458K
Sep 14236K
Sep 15247K
Sep 165.2K
Sep 1725.7K
Sep 1812.2K
Sep 2141.1K
Sep 22557K
Sep 23839K
Sep 2510
Sep 2879.6K
Sep 295.2K
Oct 141K
Oct 539K
Oct 641.7K
Oct 7516
Oct 843.9K
Oct 96.8K
Oct 13108K
Oct 14124K

From the SEC's fails-to-deliver data, which runs two to four weeks behind. A spike can mean heavy short selling or just back-office delays; it isn't proof of anything on its own. Short interest isn't shown: FINRA's terms don't allow republishing it.

Share offerings

Selling new shares dilutes current owners. A "shelf" is permission to sell later; a 424B5 usually means a sale is actually happening.

What they told the SEC, in plain English

Every 8-K (the report a company files when something big happens) in the last two years. Red ones are worth a closer look: auditor changes, restatements, late reports, listing problems.

What changed in the latest annual report

Comparing the risk factors in the 10-K filed Mar 2, 2026 with the one filed Mar 11, 2025: 1 new and 0 removed, out of 53.

New this year

  • Although SoundHound is not directly impacted by the tariffs as a software-as-a-service ("SaaS") provider, SoundHound's business or stock price may be adversely affected by the imposition of duties and tariffs and other trade barriers and retaliatory countermeasures on our customers implemented by…

Matched by each risk's headline, so a reworded risk can show up as new. This year's report · last year's.

Search inside SoundHound AI's filings

Opens the SEC's own full-text search in a new tab, limited to SOUN. Every SOUN filing on EDGAR.