The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net loss | -14,006 | -350,681 | -88,937 | -115,373 |
| Depreciation and amortization | 34,130 | 16,054 | 2,313 | 4,037 |
| Stock-based compensation | 80,620 | 33,145 | 27,931 | 28,792 |
| Loss on change in fair value of eloc program | 0 | 0 | -1,901 | - |
| Change in fair value of derivative and warrant liability | - | 0 | 0 | 606 |
| Amortization of debt issuance cost | 0 | 1,621 | 5,400 | 2,287 |
| Non-cash lease amortization | 2,906 | 2,613 | 3,346 | 3,189 |
| Loss on disposal of property and equipment | -42 | - | - | - |
| Amortization of capitalized commissions | 1,627 | - | - | - |
| Loss on early extinguishment of debt | 0 | -15,629 | -837 | - |
| Foreign currency gain/loss from remeasurement | 947 | 24 | - | - |
| Change in fair value of contingent acquisition liabilities | -163,127 | 222,670 | - | - |
| Foreign currency gain/loss from remeasurement | - | - | -143 | - |
| Change in fair value of derivative | 4,676 | - | - | - |
| Deferred income taxes | 1,338 | -12,183 | 30 | 2,127 |
| Other, net | -1,951 | 580 | -93 | - |
| Accounts receivable, net | 1,304 | 10,264 | 627 | 1,354 |
| Prepaid expenses | 0 | 0 | -1,590 | 1,238 |
| Other current assets | 2,956 | 3,131 | 821 | -299 |
| Contract assets | 22,420 | 7,304 | 19,578 | 8,658 |
| Other non-current assets | 4,498 | 196 | -671 | 539 |
| Accounts payable | 1,930 | -7,636 | -1,162 | 302 |
| Accrued liabilities | -3,918 | 1,846 | 4,266 | 116 |
| Other current liabilities | -2,334 | -642 | - | - |
| Operating lease liabilities | -2,742 | -3,214 | -3,657 | -3,912 |
| Deferred revenue | -4,956 | -6,186 | -4,135 | -7,646 |
| Other non-current liabilities | 5,118 | -415 | 2,131 | 2,946 |
| Net cash used in operating activities | -98,222 | -108,878 | -68,265 | -94,019 |
| Purchases of property and equipment | 902 | 640 | 392 | 1,329 |
| Capitalized software development costs | 4,000 | - | - | - |
| Payment related to acquisitions, net of cash acquired | 54,602 | 11,732 | - | - |
| Net cash used in investing activities | -59,504 | -12,372 | -392 | -1,329 |
| Proceeds from the issuance of series a preferred stock, net of issuance costs | 0 | 0 | 24,942 | - |
| Proceeds from sales of class a common stock under the eloc program, net of issuance costs | 0 | 0 | 71,615 | - |
| Proceeds from sales of class a common stock under the sales agreement, equity distribution agreement, execute equity distribution agreement and second equity distribution agreement | 201,522 | 407,270 | 12,412 | - |
| Proceeds from exercise of stock options and employee stock purchase plan | 10,835 | 29,685 | - | - |
| Proceeds from warrants exercised | 114 | 23 | - | - |
| Proceeds from issuance of convertible notes, net of issuance costs | - | - | - | 0 |
| Payment of financing costs associated with the sales agreement, equity distribution agreement, execute equity distribution agreement, and second equity distribution agreement | 4,030 | 10,357 | - | - |
| Proceeds from note payable, net of issuance costs | - | - | - | 0 |
| Proceeds from the issuance of debt, net of issuance costs | 0 | 0 | 85,087 | - |
| Proceeds from the issuance of common stock upon exercise of options | - | - | - | 4,160 |
| Proceeds from the issuance of common stock | 0 | 0 | 9,369 | - |
| Proceeds from business combination and pipe, net of transaction costs | - | 0 | 0 | 90,689 |
| Payments on notes payable | - | 215,373 | 35,029 | 11,545 |
| Payments on term loan and amelia debt | 0 | - | - | - |
| Payment to settle contingent holdback liabilities from synq3 acquisitions | 198 | 217 | - | - |
| Payments on finance leases | 169 | 125 | 159 | 1,303 |
| Net cash provided by financing activities | 208,074 | 210,906 | 168,237 | 82,001 |
| Effects of exchange rate changes on cash | -98 | 225 | -20 | - |
| Net change in cash, cash equivalents, and restricted cash equivalents | 50,250 | 89,881 | 99,560 | -13,347 |
| Cash, cash equivalents, and restricted cash equivalents, beginning of year | 198,916 | 109,035 | 9,475 | 22,822 |
| Cash, cash equivalents, and restricted cash equivalents, end of year | 249,166 | 198,916 | 109,035 | 9,475 |
SOUNDHOUND AI, INC. (SOUN)
SOUNDHOUND AI, INC. (SOUN)