SOUN on Nasdaq

SoundHound

Logo: James Herbert, CC BY-SA 4.0, via Wikimedia Commons4

American music and speech recognition company

SoundHound AI, Inc. (Nasdaq: SOUN) is an American music and speech recognition company based in Santa Clara, California. It was originally founded as Melodis in 2005 before rebranding to SoundHound Inc. in 2010, and SoundHound AI in 2022. SoundHound provides voice-recognition and synthesis software for use in business and sales applications, such as drive-through restaurants.3 Its chief executive is Keyvan Mohajer.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$168.9MRevenue, fiscal 20255
-$14.0MNet income, fiscal 20255
Sep 2005Founded1

Compare with DIRTT ENVIRONMENTAL SOLUTIONS LTD, Cheetah Mobile or CLPS Inc, or pick any stock.

  • TickerSOUN on Nasdaq1
  • Industrysoftware industry1
  • HeadquartersSanta Clara1
  • Websitewww.soundhound.com
  • Incorporated inDE6
  • Business address2093 Philadelphia Pike #1968, Claymont, De 197036
  • Filer categoryLarge accelerated filer6
  • Legal formCorporation
5400 Betsy Ross Drive
Photo: Coolcaesar, CC BY-SA 4.0, via Wikimedia Commons9

SoundHound AI, Inc. (Nasdaq: SOUN) is an American music and speech recognition company based in Santa Clara, California. It was originally founded as Melodis in 2005 before rebranding to SoundHound Inc. in 2010, and SoundHound AI in 2022.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-13.8%Operating margin5
-8.3%Net margin5
99.4%Revenue growth, 20255
-3.0%Return on equity5
-$99.1MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Service Subscriptions brought in 40% of the revenue SoundHound broke down this way in fiscal 2025.

  1. Service Subscriptions$133.5M540%up 137% from 2024
  2. Hosted Services$108.3M532%up 89% from 2024
  3. Licensing$45.1M513%up 157% from 2024
  4. Product Royalties$34.9M510%up 25% from 2024
  5. Professional Service$15.1M54%up 59% from 2024
  6. Monetization$460.0K50%up 20% from 2024
Products and services by year
Products and services202320242025
Service Subscriptions$1.9M$56.3M$133.5M
Hosted Services$18.4M$57.2M$108.3M
Licensing$18.6M$17.6M$45.1M
Product Royalties$43.3M$28.0M$34.9M
Professional Service$8.3M$9.5M$15.1M
Monetization$634.0K$382.0K$460.0K

Regions

United States brought in 64% of the revenue SoundHound broke down this way in fiscal 2025.

  1. United States$108.4M564%up 132% from 2024
  2. Other Countries$42.5M525%up 155% from 2024
  3. South Korea$10.3M56%down 16% from 2024
  4. France$7.3M54%down 17% from 2024
  5. DEMember$360.0K50%up 84% from 2024
Regions by year
Regions202320242025
United States$6.8M$46.8M$108.4M
Other Countries$6.1M$16.7M$42.5M
South Korea$23.0M$12.3M$10.3M
France$4.1M$8.8M$7.3M
DEMember$6.0M$196.0K$360.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue49¢$97.4M
  • Research and development49¢$98.2M
  • Income tax2¢$4.7M

Out of $168.9M in revenue.5 The company lost money this year.

Financial statements

Revenue10115$168.9M in 2025+697% since 2021
0$50.0M$100.0M$150.0M$200.0M2021: $21.2M$21.2M20212022: $31.1M$31.1M2022+47%2023: $45.9M$45.9M2023+47%2024: $84.7M$84.7M2024+85%2025: $168.9M$168.9M2025+99%
Operating income10115-$23.3M in 2025−64% since 2021
-$400.0M-$300.0M-$200.0M-$100.0M02021: -$65.3M-$65.3M20212022: -$105.7M-$105.7M2022+62%2023: -$68.6M-$68.6M2023−35%2024: -$341.4M-$341.4M2024+398%2025: -$23.3M-$23.3M2025−93%
Net income10115-$14.0M in 2025−82% since 2021
-$400.0M-$300.0M-$200.0M-$100.0M02021: -$79.5M-$79.5M20212022: -$116.7M-$116.7M2022+47%2023: -$88.9M-$88.9M2023−24%2024: -$350.7M-$350.7M2024+294%2025: -$14.0M-$14.0M2025−96%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Revenues$168.9M$84.7M$45.9M
Cost of revenues$97.4M$43.3M$11.3M
Sales and marketing$61.6M$29.1M$18.9M
Research and development$98.2M$70.6M$51.4M
General and administrative$82.2M$53.3M$28.3M
Change in fair value of contingent acquisition liabilities-$163.1M$222.7M$0
Amortization of intangible assets$15.9M$7.1M$0
Restructuring$0$0$4.6M
Total operating expenses$192.2M$426.0M$114.5M
Loss from operations-$23.3M-$341.4M-$68.6M
Loss on early extinguishment of debt$0-$15.6M-$837.0K
Interest expense-$670.0K-$12.2M-$16.7M
Other income, net$14.7M$9.2M$1.2M
Total other income (expense), net$14.0M-$18.6M-$16.4M
Loss before provision (benefit) for income taxes-$9.3M-$359.9M-$85.0M
Provision (benefit) for income taxes$4.7M-$9.2M$3.9M
Net loss-$14.0M-$350.7M-$88.9M
Cumulative dividends attributable to Series A Preferred Stock$0-$416.0K-$2.8M
Net loss attributable to SoundHound common stockholders-$14.0M-$351.1M-$91.7M
Unrealized gains on investments-$65.0K$6.0K$199.0K
Comprehensive loss-$14.1M-$350.7M-$88.7M
Basic (in dollars per share)-$0.03-$1.04-$0.40
Diluted (in dollars per share)-$0.28-$1.04-$0.40
Basic (in shares)405.4M shares338.5M shares229.3M shares
Diluted (in shares)409.5M shares338.5M shares229.3M shares

Compare SoundHound with another company

Corporate structure

SoundHound sits at the top of its group. 8 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SoundHound

  • SoundHound Santa Clara
    • Amelia AI UK Subsidiary · United Kingdom
    • Amelia EU Holding BV Subsidiary · Netherlands
    • Amelia Global Services Private Ltd. Subsidiary · India
    • Amelia NL BV Subsidiary · Netherlands
    • Beijing SoundHound Software Development Co., Ltd. (北京声航软件开发有限公司) Subsidiary · China
    • SoundHound Canada Inc. Subsidiary · Canada
    • SoundHound France Subsidiary · France

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SoundHound reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$6.4M5 Dec 31, 2025$05 Dec 31, 2024
Operating-lease assets (leased space)$3.8M5 Dec 31, 2025$4.7M5 Dec 31, 2024−19.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$248.5M5 Dec 31, 2025$198.2M5 Dec 31, 2024+25.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$122.3M5 Dec 31, 2025$101.7M5 Dec 31, 2024+20.2%
Intangible assets, net (excluding goodwill)$181.4M5 Dec 31, 2025$174.9M5 Dec 31, 2024+3.7%
Finite-lived intangibles, gross$229.3M5 Dec 31, 2025$189.8M5 Dec 31, 2024+20.8%
Accumulated amortization$47.9M5 Dec 31, 2025$14.8M5 Dec 31, 2024+223.1%
Finite-lived intangibles, net$181.4M5 Dec 31, 2025$174.9M5 Dec 31, 2024+3.7%

Properties, in its own words

Our corporate headquarters is located in Santa Clara, California, within a consolidated building covering 61,360 square feet. Our lease began in 2017 and is set to expire in 2026. In addition to our headquarters, we lease offices in Toronto, Paris and various other locations in the U.S. and internationally.

Item 2 of the 10-K filed Mar 2, 2026.18

The story

The company was founded in 2005 as Melodis Corp by Keyvan Mohajer, Majid Emami, and James Hom. The company initially focused on music recognition as a competitor to the Shazam app.

In 2009, the company's music discovery app Midomi was rebranded as SoundHound but was still available as a web version on midomi.com until February 2025. The app grew from 2 million users in January 2010 to 100 million users in September 2012.

In 2010, the company formally rebranded from Melodis Corp. to SoundHound.

In 2015, Hyundai Motors began offering the SoundHound music recognition app in the infotainment systems of some Hyundai and Kia models.

In December 2015, SoundHound launched Houndify, a voice interface for other products and services.

In April 2022, coinciding with its listing on NASDAQ via a SPAC merger, the company rebranded from SoundHound to SoundHound AI.

In December 2023, SoundHound acquired SYNQ3 Restaurant Solutions, a provider of voice AI for restaurants, for $25 million.

In 2023–2024, SoundHound began providing voice AI phone ordering technology to various restaurant chains, starting with Jersey Mike's Subs and White Castle. The company's customer base also includes several other chain restaurants. In October 2024, SoundHound claimed their phone ordering technology had processed over 100 million interactions with restaurant customers.

Read the full text

In June 2024, SoundHound acquired Allset, a restaurant ordering marketplace founded out of Ukraine.

In August 2024, SoundHound acquired Amelia AI for $85 million.

In September 2025, it was announced that SoundHound had completed its acquisition of Interactions LLC, a company which also developed AI for the customer service market.

From Wikipedia’s article on SoundHound AI, shared under CC BY-SA 4.0.7

Leadership

Who has led SoundHound, and when. Pick a name to see everywhere that person has worked.

Chief operating officer

  1. Michael Zagorsek2022–now
2010201520202025
Board members and other officers (11)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorLarry Marcus named Jan 31, 202333

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Amelia AI UK United Kingdom8
  • Amelia EU Holding BV Netherlands8
  • Amelia Global Services Private Ltd. India8
  • Amelia NL BV Netherlands8
  • Beijing SoundHound Software Development Co., Ltd. (北京声航软件开发有限公司) China8
  • SoundHound Canada Inc. Canada8
  • SoundHound France France8
  • SoundHound GmbH Germany8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Archimedes Tech Spac Partners CoJan 15, 2021 to May 2, 20226

Timeline

  1. Sep 4, 20268-K Other events34
  2. Sep 4, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares35
  3. Sep 2, 20268-K Unregistered sale of shares36
  4. Aug 5, 20268-K Results of operations37
  5. Jul 24, 20268-K Other events38
  6. Jul 13, 20268-K Financial statements and exhibits39
  7. Jul 2, 20268-K Entered a material agreement40
  8. May 27, 20268-K Bylaws or fiscal year changed; Shareholder vote; Other events41
  9. May 7, 20268-K Results of operations42
  10. Apr 21, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure43
  11. Mar 18, 20268-K Executive or director change44
  12. Feb 26, 20268-K Results of operations45
  13. May 6, 2022New chief executive Keyvan Mohajer becomes CEO1
  14. Apr 28, 2022Went public Listed on NASDAQ1
  15. Mar 12, 2021New chief executive Stephen N. Cannon becomes CEO20
  16. Sep 2005Founded Founded1

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.27) a share, on Nov 6, 2025.46

When it reported results

  1. Aug 5, 2026Reported quarterly or annual results37
  2. May 7, 2026Reported quarterly or annual results42
  3. Feb 26, 2026Reported quarterly or annual results45
  4. Nov 6, 2025Reported quarterly or annual results47
  5. Aug 7, 2025Reported quarterly or annual results48
  6. May 8, 2025Reported quarterly or annual results49
  7. Feb 27, 2025Reported quarterly or annual results50
  8. Nov 12, 2024Reported quarterly or annual results51

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

578 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 56 major events, 250 insider forms, 23 large holders, 1 private raises, 227 other. The latest 20:

  1. Sep 21, 20264 PRIMARY DOCUMENT EDGAR
  2. Sep 17, 2026144 EDGAR
  3. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  4. Sep 17, 20264/A PRIMARY DOCUMENT EDGAR
  5. Sep 17, 20264/A PRIMARY DOCUMENT EDGAR
  6. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  7. Sep 17, 20264/A PRIMARY DOCUMENT EDGAR
  8. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  9. Sep 17, 20264/A PRIMARY DOCUMENT EDGAR
  10. Sep 17, 20264 PRIMARY DOCUMENT EDGAR
  11. Sep 17, 20264/A PRIMARY DOCUMENT EDGAR
  12. Sep 17, 20264/A PRIMARY DOCUMENT EDGAR
  13. Sep 17, 20264/A PRIMARY DOCUMENT EDGAR
  14. Sep 15, 2026144 EDGAR
  15. Sep 15, 2026144 EDGAR
  16. Sep 15, 2026144 EDGAR
  17. Sep 15, 2026144 EDGAR
  18. Sep 9, 20264 PRIMARY DOCUMENT EDGAR
  19. Sep 9, 20263 PRIMARY DOCUMENT EDGAR
  20. Sep 4, 20268-K CURRENT REPORT EDGAR

The 578 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

187 open-market trades by officers, directors and large owners since October 2021: 3 buys and 184 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 17, 2026SROKA DIANADirectorSale1,552$6.11$9.5KForm 4
Sep 15, 2026ZAGORSEK MICHAELChief Operating OfficerSale71,113$6.33$450.1KForm 4
Sep 15, 2026HOM JAMES MINGChief Product OfficerSale38,730$6.33$245.2KForm 4
Sep 15, 2026EMAMI MAJIDCSO & SVP, EngineeringSale38,730$6.33$245.2KForm 4
Sep 15, 2026MOHAJER KEYVANCEOSale137,290$6.33$869.0KForm 4
Aug 27, 2026SROKA DIANADirectorSale1,343$7.15$9.6KForm 4
Jun 15, 2026ZAGORSEK MICHAELChief Operating OfficerSale64,994$7.46$484.9KForm 4
Jun 15, 2026STONEHOCKER TIMOTHYChief Technology OfficerSale18,802$7.46$140.3KForm 4
Jun 15, 2026HOM JAMES MINGChief Product OfficerSale28,843$7.46$215.2KForm 4
Jun 15, 2026EMAMI MAJIDCSO & SVP, EngineeringSale28,843$7.46$215.2KForm 4
Jun 15, 2026MOHAJER KEYVANCEOSale126,540$7.46$944.0KForm 4
Mar 23, 2026SROKA DIANADirectorSale1,343$6.77$9.1KForm 4
Mar 20, 2026ZAGORSEK MICHAELChief Operating OfficerSale52,968$6.79$359.7KForm 4
Mar 20, 2026STONEHOCKER TIMOTHYChief Technology OfficerSale23,087$6.79$156.8KForm 4
Mar 20, 2026HOM JAMES MINGChief Product OfficerSale31,019$6.79$210.6KForm 4
Mar 20, 2026EMAMI MAJIDCSO & SVP, EngineeringSale31,019$6.79$210.6KForm 4
Mar 20, 2026MOHAJER KEYVANCEOSale124,510$6.79$845.4KForm 4
Mar 20, 2026SHARAN NITESHChief Financial OfficerSale44,027$6.79$298.9KForm 4
Jan 9, 2026STONEHOCKER TIMOTHYChief Technology OfficerSale29,676$12.00$356.1KForm 4
Dec 26, 2025EMAMI MAJIDCSO & SVP, EngineeringSale32,741$10.66$349.0KForm 4

All 187 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Dr. Keyvan Mohajer,48$546.3K$9.3M62
2025Nitesh Sharan,51$451.6K$5.1M62
2025Michael Zagorsek,51$446.9K$5.1M62
2025Dr. Majid Emami,49$373.3K$3.0M62
2025James Hom,42$373.3K$3.0M62
2024CEO$484.6K$7.7M62
2024CFO$388.3K$4.0M62
2024COO$385.0K$4.0M62
2024CPO$347.5K$2.3M62
2024CSO$347.5K$2.3M62
2023CEO$421.9K$1.9M62
2023CFO$350.0K$1.2M62
2023COO$350.0K$1.2M62
2023CSO$335.0K$871.4K62
2023CPO$335.0K$820.2K62

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jan 20, 2023Raised $25.1 million in a private offering of equity Form D: 25 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.33,984,088$219.9M0.0%+1,575,327
Vanguard Portfolio Management LLC25,882,174$167.5M0.0%+354,344
Vanguard Capital Management LLC18,060,812$116.9M0.0%+672,240
Geode Capital Management, LLC10,411,071$67.4M0.0%+800,176
State Street Corp10,048,444$65.0M0.0%+963,203
UBS Group AG7,269,268$47.0M0.0%−1,132,358
Bank Of America Corp /de/7,268,230$47.0M0.0%+1,385,458
Morgan Stanley6,485,149$42.0M0.0%−622,618
Charles Schwab Investment Management Inc3,547,623$23.0M0.0%+209,350
Northern Trust Corp3,439,694$22.3M0.0%+273,292
Vanguard Fiduciary Trust Co2,859,262$18.5M0.0%+165,209
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.2,756,221$17.8M0.0%+104,322
LPL Financial LLC1,937,307$12.5M0.0%+181,239
Citadel Advisors LLC1,373,112$8.9M0.0%+854,193
Susquehanna International Group, Llp1,256,556$8.1M0.0%+1,113,968
First Trust Advisors LP1,245,412$8.1M0.0%+129,928
Goldman Sachs Group Inc1,145,786$7.4M0.0%−3,985,092
Bank of New York Mellon Corp1,126,606$7.3M0.0%−91,997
National Bank Of Canada /fi/1,078,340$7.0M0.0%−33,760
SRS Investment Management, LLC1,019,072$6.6M0.1%New
Nuveen, LLC990,278$6.4M0.0%+10,196
Cantor Fitzgerald, L. P.826,668$5.3M0.1%+228,791
Swiss National Bank783,100$5.1M0.0%+16,000
Deutsche Bank Ag\779,029$5.0M0.0%+95,609
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC672,929$4.4M0.0%+30,174

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Dec 15, 2025Cleo FieldsDemocratic, HouseSale$1,001 - $15,000+68.8%Report
Jul 16, 2025Cleo FieldsDemocratic, HouseBuy$1,001 - $15,000−82.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How SoundHound is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSOUNDHOUND AI, INC.2
  • CIK0001840856
  • Employer ID (EIN)86-128679918
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company18
  • Incorporated inDelaware18
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address2093 Philadelphia Pike #1968, Claymont, DE 197032
  • Phone650-560-47532
  • Shares outstanding390,278,787 Common Class A shares; 32,535,408 Common Class B shares as of Feb 26, 202618
  • Public float$3.6B as of Jun 30, 202518
  • AuditorPricewaterhouseCoopers LLP, San Francisco, California PCAOB ID 238; it also attests to the company’s internal control over financial reporting18
  • On EDGAR sinceJan 15, 20212
  • Filings616 in all: 4 (233), 144 (113), 8-K (58), 425 (22), CORRESP (20), 3 (19), 10-Q (17), UPLOAD (15)2
    All 47 form types

    EFFECT (9), S-1/A (9), 4/A (8), 424B3 (7), S-8 (6), SCHEDULE 13G/A (6), 10-K (5), S-4/A (5), SC 13D/A (5), 8-K/A (4), ARS (4), DEF 14A (4), NT 10-Q (4), SC 13G (4), S-1 (3), SC 13D (3), SC 13G/A (3), SCHEDULE 13G (3), 25-NSE (2), 424B5 (2), NT 10-K (2), POS AM (2), S-3 (2), S-4 (2), 10-Q/A (1), 424B4 (1), 424B7 (1), 8-A12B (1), CERT (1), D (1), DEF 14C (1), DEFR14A (1), DRS (1), PRE 14A (1), PRE 14C (1), S-1MEF (1), S-3ASR (1), S-3MEF (1), S-4MEF (1)

  • Latest filingsAnnual report (10-K) Mar 2, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 9, 2026
    Latest 8-K (8-K) Sep 4, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, par value $0.0001 per shareSOUNThe Nasdaq Stock Market LLC
Redeemable WarrantsSOUNWThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Mar 2, 2026 (Section 12(b) of the Exchange Act).18

Risk factors and legal proceedings

The risks SoundHound names in Item 1A of its 10-K filed Mar 2, 2026: 52 risks under these headings, as written.18

  • Risks Related to our Business and Financial Condition
  • Risks Related to our Intellectual Property and Technology
  • Risks Related to our Securities and our Dual Class Common Stock Structure
  • Risks Related to U.S. and International Taxation
  • Risks Related to SoundHound’s Business and Financial Condition
  • Our use and provision of AI-powered solutions could lead to operational or reputational damage, competitive harm, legal and regulatory risk and additional costs.
  • Regulatory and legislative developments related to the use of AI could adversely affect our use and provision of AI-powered solutions in our products, services and business.
  • The market in which SoundHound operates is highly competitive and rapidly changing and SoundHound may be unable to compete successfully.
  • Adverse conditions in the Voice AI market or the global economy more generally could have adverse effects on SoundHound’s results of operations.
  • SoundHound’s strategy to increase cloud connected and embedded products and technologies and expand the number of foreign languages SoundHound understands may adversely affect its near-term revenue growth and results of operations.
  • Pricing pressures from SoundHound’s customers may adversely affect its results of operations.
  • Currently, SoundHound’s largest customers are OEMs, and while SoundHound invests effort and money seeking OEMs’ validation of SoundHound’s technology, and there can be no assurance that SoundHound will win or be able to renew its contracts with OEM customers, which could adversely affect SoundHound’s results of operations.
The other 45 risks
  • SoundHound’s operating results could be materially and adversely affected if it loses any of its largest customers.
  • Adverse economic conditions or reduced technology spending may adversely impact SoundHound's business.
  • SoundHound’s operating results may fluctuate significantly from period to period, and this may cause its stock price to decline.
  • SoundHound depends on skilled employees and could be impacted by a shortage of critical skills.
  • Cybersecurity and data privacy incidents or breaches may damage client relations and inhibit SoundHound’s growth.
  • SoundHound’s business is subject to a variety of domestic and international laws, rules, policies and other obligations, including data protection and anticorruption.
  • Because a significant portion of SoundHound’s revenues are derived, and a significant portion of its research and development activities are based, outside the United States, its results could be harmed by economic, political, regulatory, foreign currency fluctuations and other risks associated with these international regions.
  • Interruptions or delays in SoundHound’s services or services from data center hosting facilities or public clouds could impair the delivery of its services and harm its business.
  • SoundHound is subject to certain U.S. and foreign anti-corruption, anti-money laundering, export control, sanctions, and other trade laws and regulations. SoundHound can face serious consequences for violations.
  • SoundHound’s business is subject to risks, expenses and uncertainties associated with selling its solutions in locations outside the United States that could adversely affect its operating results.
  • SoundHound relies on third-party telecommunications and internet service providers, including connectivity to its cloud software, and any failure by these service providers to provide reliable services could cause SoundHound to lose customers and subject it to claims for credits or damages, among other things.
  • SoundHound’s customers rely on third-party telecommunications and internet service providers to provide them with access and connectivity to SoundHound’s cloud software, and changes in how telecommunication and internet service providers handle and charge for access to telecommunications and the internet could materially harm SoundHound’s customer relationships, business, financial condition and operations results.
  • SoundHound’s plans to expand upon and establish new public cloud-based data centers for its U.S. and international operations may be unsuccessful and may present execution and competitive risks.
  • Sales to customers outside the United States or customers with international operations and SoundHound’s international sales efforts and operations expose it to risks inherent in international sales and operations.
  • Tax matters may cause significant variability in SoundHound’s operating results and may impact its overall financial condition.
  • Forecasts of SoundHound’s market and market growth may prove to be inaccurate, and even if the markets in which it competes achieve the forecasted growth, there can be no assurance that its business will grow at similar rates, or at all.
  • If SoundHound is unable to acquire new customers, its operating results will be harmed. Likewise, potential customer turnover in the future, or costs it incurs to retain its existing customers, could materially and adversely affect its operating results.
  • If SoundHound does not successfully anticipate market needs, enhance its existing products, execute on delivering quality products and services, or develop new products and services that meet those needs on a timely basis, it may not be able to compete effectively and its ability to generate revenues will suffer.
  • SoundHound’s business model is predicated, in part, on maintaining a customer base that will generate a recurring stream of revenues. If that recurring stream of revenues is not maintained or does not increase as expected, or if SoundHound’s business model changes as the industry evolves, its operating results may be adversely affected.
  • SoundHound’s brand, reputation and ability to attract, retain and serve its customers are dependent in part upon the reliable performance of its products and technologies. If SoundHound is unable to maintain and enhance its brand or reputation as an industry leader, its operating results may be adversely affected.
  • We may engage in future acquisitions or strategic transactions which may require us to seek additional financing or financial commitments, increase our expenses and/or present significant distractions to our management.
  • If intangible assets and goodwill that we recorded in connection with our acquisitions, including our SYNQ3, Amelia, and Interactions acquisitions, become impaired, we may have to take significant charges against earnings, which would have a negative impact on our financial condition and results of operations.
  • Our acquisitions expose us to risks that could adversely affect our business, and we may not achieve the anticipated benefits of acquisitions of businesses or technologies.
  • The integration of our acquisitions, and in particular, our acquisition of SYNQ3, Amelia, and Interactions, may result in significant accounting charges that adversely affect the financial results of our company.
  • Our acquisitions may result in unexpected consequences to our business and results of operations.
  • Failure to realize the benefits expected from our recent acquisitions could adversely affect the value of our common stock.
  • SoundHound has generated substantial net losses and negative operating cash flows since its inception and may continue to do so for the foreseeable future.
  • SoundHound may require additional capital to continue its planned business operations but may not be able to obtain such capital when desired on favorable terms, if at all, or without dilution to its stockholders.
  • The loss of one or more key members of SoundHound’s management team or personnel, or its failure to attract, integrate and retain additional personnel in the future, could harm its business and negatively affect its ability to successfully grow its business.
  • The Company has identified material weaknesses in its internal control over financial reporting and may identify additional material weaknesses in the future, which may result in material misstatements of the Company’s consolidated financial statements or cause the Company to fail to meet its periodic reporting obligations and the trading price of the Company's stock could be negatively affected.
  • Natural disasters, health epidemics, or other catastrophic events may cause damage or disruption to our operations, commerce and the global economy, and have a negative effect on our business and operations.
  • 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 the U.S. and other governments.
  • Risks Relating to SoundHound’s Intellectual Property and Technology
  • SoundHound’s use of open source technology could impose limitations on its ability to commercialize its software.
  • Third parties have claimed in the past and may claim in the future that SoundHound is infringing their intellectual property, and we could be exposed to significant litigation or licensing expenses or be prevented from selling SoundHound’s products or making its technologies available to its customers if such claims are successful.
  • Unauthorized use of SoundHound’s proprietary technology and intellectual property could adversely affect its business and results of operations.
  • SoundHound’s software products may have bugs, which could result in delayed or lost revenue, expensive correction, liability to its customers and claims against us.
  • We may be unable to respond quickly enough to changes in technology and technological risks and to develop its intellectual property into commercially viable products.
  • Risks Related to SoundHound’s Class A Common Stock and the Securities Market
  • SoundHound’s stock price and trading volume has fluctuated significantly and may continue to fluctuate significantly in the future.
  • We do not intend to pay cash dividends for the foreseeable future.
  • The requirements of being a public company may strain SoundHound’s resources and divert management’s attention, and the increases in legal, accounting and compliance expenses may be greater than SoundHound anticipates.
  • Risks Applicable to a Dual Class Common Stock Structure
  • The Restated Charter provides for a dual-class multiple voting Common Stock structure, and we cannot predict the effect this structure of our common stock may have on the market price of our Class A Common Stock.
  • Delaware law and provisions in our charter documents could make a merger, tender offer, or proxy contest difficult, thereby depressing the trading price of our common stock.
  • Risks Related to U.S. and International Taxation Generally
  • Changes in tax laws or exposure to additional income tax liabilities could affect SoundHound’s future profitability.
  • SoundHound’s ability to use its net operating loss carryforwards and certain other tax attributes may be limited.
  • Unanticipated changes in effective tax rates or adverse outcomes resulting from examination of our income or other tax returns could adversely affect our financial condition and results of operations.

Legal proceedings

The material set forth in the section titled “Legal Proceedings” in Note 8 of our Notes to Consolidated Financial Statements is incorporated herein by reference.

The opening of Item 3, Legal Proceedings.18

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
    SEC EDGAROther events
  35. 35
  36. 36
  37. 37
  38. 38
    SEC EDGAROther events
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62