SSTI on Nasdaq

SoundThinking, Inc.

Logo: ShotSpotter, Inc., Public domain, via Wikimedia Commons4

American gunfire locator technology company

SoundThinking, Inc. (formerly ShotSpotter Inc.) is an American security technology company based in Fremont, California. The company is publicly traded, and is known for its gunfire locator service. ShotSpotter claims it can identify when a gunshot is fired in an area in order to dispatch law enforcement, though researchers have noted concerns about effectiveness, reliability, privacy, and equity.3 Its shares trade on Nasdaq under the symbol SSTI.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

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  • TickerSSTI on Nasdaq1
  • IndustryServices-Prepackaged Software1
  • HeadquartersFremont1
  • Websitesoundthinking.com
  • Incorporated inDE5
  • Business address39300 Civic Center Drive, Suite 300, Fremont, Ca 945385
  • Filer categoryNon-accelerated filer, Smaller reporting company5
20230212 ShotSpotter Installation on Rutledge in Springfield, IL
Photo: Salisburymistake, CC BY-SA 4.0, via Wikimedia Commons7

SoundThinking, Inc. (formerly ShotSpotter Inc.) is an American security technology company based in Fremont, California. The company is publicly traded, and is known for its gunfire locator service. ShotSpotter claims it can identify when a gunshot is fired in an area in order to dispatch law enforcement, though researchers have noted concerns about effectiveness, reliability, privacy, and equity. The company has been partnering with cities and police since 1997, and as of 2022 has been utilized by more than 130 cities and law enforcement agencies in the US.3

Financials

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

Key numbers, fiscal 2025

54.4%Gross margin8
-8.4%Operating margin8
-9.0%Net margin8
2.1%Revenue growth, 20258
-13.1%Return on equity8
$4.9MFree cash flow8

What sells

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

Products and services

Subscription, maintenance and support services brought in 95% of the revenue SoundThinking, Inc. broke down this way in fiscal 2025.

  1. Subscription, maintenance and support services$103.1M895%up 4% from 2024
  2. Catch Up$4.3M84%
  3. Professional software development services$1.0M81%down 66% from 2024
Products and services by year
Products and services202320242025
Subscription, maintenance and support services$87.5M$99.1M$103.1M
Catch Up$4.3M
Professional software development services$5.2M$2.9M$1.0M

Regions

United States brought in 88% of the revenue SoundThinking, Inc. broke down this way in fiscal 2025.

  1. United States$100.6M888%up 1% from 2024
  2. BS$3.5M83%up 30% from 2024
  3. ZA$3.5M83%up 30% from 2024
  4. UY$3.5M83%up 30% from 2024
  5. BRMember$3.5M83%
Regions by year
Regions202320242025
United States$90.8M$99.3M$100.6M
BS$1.9M$2.7M$3.5M
ZA$1.9M$2.7M$3.5M
UY$2.7M$3.5M
BRMember$3.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue46¢$47.5M
  • Research and development15¢$15.9M
  • Other costs39¢$40.7M
  • Income tax0¢$113.0K

Out of $104.1M in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending48¢$4.4M
  • Share buybacks32¢$3.0M
  • Kept or used elsewhere20¢$1.9M

Out of $9.3M of cash from operations.8

Financial statements

Revenue91011128$104.1M in 2025+156% since 2019
0$50.0M$100.0M$150.0M2019: $40.8M$40.8M20192020: $45.7M$45.7M2020+12%2021: $58.2M$58.2M2021+27%2022: $81.0M$81.0M2022+39%2023: $92.7M$92.7M2023+14%2024: $102.0M$102.0M2024+10%2025: $104.1M$104.1M2025+2%
Gross profit91011128$56.6M in 2025+133% since 2019
0$20.0M$40.0M$60.0M2019: $24.3M$24.3M20192020: $27.0M$27.0M2020+11%2021: $32.5M$32.5M2021+21%2022: $46.8M$46.8M2022+44%2023: $52.7M$52.7M2023+13%2024: $57.9M$57.9M2024+10%2025: $56.6M$56.6M2025−2%
Operating income91011128-$8.7M in 2025
-$10.0M-$5.0M0$5.0M$10.0M2019: $1.6M$1.6M20192020: $1.3M$1.3M2020−19%2021: -$4.1M-$4.1M20212022: $7.7M$7.7M20222023: -$1.2M-$1.2M20232024: -$7.9M-$7.9M2024+534%2025: -$8.7M-$8.7M2025+11%
Net income91011128-$9.4M in 2025
-$10.0M-$5.0M0$5.0M$10.0M2019: $1.8M$1.8M20192020: $1.2M$1.2M2020−32%2021: -$4.4M-$4.4M20212022: $6.4M$6.4M20222023: -$2.7M-$2.7M20232024: -$9.2M-$9.2M2024+238%2025: -$9.4M-$9.4M2025+3%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Revenues$104.1M$102.0M$92.7M
Cost of revenues$47.1M$43.5M$39.9M
Impairment of property and equipment$434.0K$605.0K$114.0K
Total costs$47.5M$44.1M$40.0M
Gross profit$56.6M$57.9M$52.7M
Sales and marketing$26.1M$28.1M$27.0M
Research and development$15.9M$13.9M$12.1M
General and administrative$23.2M$23.9M$20.6M
Change in fair value of contingent consideration$0-$554.0K-$5.7M
Restructuring expense$197.0K$336.0K$0
Total operating expenses$65.4M$65.7M$54.0M
Operating loss-$8.7M-$7.9M-$1.2M
Interest expense, net-$19.0K-$154.0K-$48.0K
Other expense, net-$556.0K-$393.0K-$227.0K
Total other expense, net-$575.0K-$547.0K-$275.0K
Loss before income taxes-$9.3M-$8.4M-$1.5M
Provision for income taxes$113.0K$778.0K$1.2M
Net loss-$9.4M-$9.2M-$2.7M
Net loss per share, basic-$0.74-$0.72-$0.22
Net loss per share, diluted-$0.74-$0.72-$0.22
Weighted average shares used in computing net loss per share, basic12.7M shares12.7M shares12.4M shares
Weighted average shares used in computing net loss per share, diluted12.7M shares12.7M shares12.4M shares

Compare SoundThinking, Inc. with another company

Corporate structure

SoundThinking, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of SoundThinking, Inc.

  • Gary M. Lauder Filed SCHEDULE 13D on SoundThinking, Inc., latest Oct 2, 2026 (2 filings since Feb 9, 2022)
  • Kopion Asset Management, LLC Filed SCHEDULE 13G/A on SoundThinking, Inc., latest Oct 2, 2026 (5 filings since Feb 5, 2025)
  • Transom Capital Public Fund, LP Filed SCHEDULE 13D on SoundThinking, Inc., latest Sep 30, 2026
  • Veradace Capital Management LLC Filed SCHEDULE 13D/A on SoundThinking, Inc., latest Sep 30, 2026 (3 filings since Mar 10, 2026)
  • Federated Hermes Filed SCHEDULE 13G/A on SoundThinking, Inc., latest Apr 7, 2026 (6 filings since Feb 14, 2022)
  • Veradace Partners LP Filed SCHEDULE 13G on SoundThinking, Inc., latest Jan 12, 2026
  • Ralph A. Clark Filed SCHEDULE 13G/A on SoundThinking, Inc., latest Aug 13, 2025 (2 filings since Apr 29, 2024)
  • BlackRock Filed SCHEDULE 13G/A on SoundThinking, Inc., latest Jul 16, 2025 (8 filings since Feb 8, 2024)
  • GILDER GAGNON HOWE & CO LLC Filed SCHEDULE 13G/A on SoundThinking, Inc., latest Feb 10, 2025 (5 filings since Feb 14, 2022)
  • Nine Ten Capital Management LLC Filed SC 13G/A on SoundThinking, Inc., latest May 9, 2024 (4 filings since Feb 9, 2022)
  • Bares Capital Management, Inc. Filed SC 13G on SoundThinking, Inc., latest Feb 14, 2024
  • EVR Research LP Filed SC 13G/A on SoundThinking, Inc., latest Feb 14, 2024 (4 filings since Oct 17, 2022)
  • SoundThinking, Inc. Fremont

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SoundThinking, Inc. 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
Property and equipment, before depreciation$69.2M8 Dec 31, 2025$64.8M8 Dec 31, 2024+6.7%
Accumulated depreciation$50.3M8 Dec 31, 2025$44.7M8 Dec 31, 2024+12.7%
Property and equipment, net$18.8M8 Dec 31, 2025$20.1M8 Dec 31, 2024−6.5%
Operating-lease assets (leased space)$1.9M8 Dec 31, 2025$1.9M8 Dec 31, 2024+1.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$15.8M8 Dec 31, 2025$13.2M8 Dec 31, 2024+19.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$34.2M8 Dec 31, 2025$34.2M8 Dec 31, 20240%
Finite-lived intangibles, gross$46.0M8 Dec 31, 2025$46.0M8 Dec 31, 20240%
Accumulated amortization$16.7M8 Dec 31, 2025$12.8M8 Dec 31, 2024+30.1%
Finite-lived intangibles, net$29.3M8 Dec 31, 2025$33.2M8 Dec 31, 2024−11.6%

Properties, in its own words

Our principal facilities consist of office space for our corporate headquarters in Fremont, California. We also have offices in Washington, D.C., Iselin, New Jersey, Tucson, Arizona, Orlando, Florida and Mount Dora, Florida.

We lease our facilities and do not own any real property. We may procure additional space as we add employees and expand geographically. We believe that our facilities are adequate to meet our needs for the immediate future and that should it be needed, suitable additional space will be available to accommodate expansion of our operations.

Item 2 of the 10-K filed Mar 30, 2026.16

The story

ShotSpotter was founded by Robert Showen in the 1990s while he was working for SRI International. He created a company in 1996 and tested prototypes in Redwood City, California. Its early success was described by Wired as being "due to good PR, not good technology." James Beldock joined as CEO in 2003 as a "turnaround specialist"; in 2005 the company merged with Centurist Systems, which was creating acoustic sniper location systems for the military; Centurist held a "deceptively simple patent" for the location algorithm. Centurist's CEO, Scott Manderville, became chairman of the board.

As of 2021, the acoustic locator technology was installed in 125 cities and 14 campuses, covering 911 square miles. The locators are typically installed at 20–25 sensors per square mile and primarily connected via 4G networks (mostly AT&T and Verizon). In 2020, Chicago was 18% of the company's revenue, and New York City was 15%.

Ralph Clark was named CEO of ShotSpotter in 2010. The company went public in June 2017. The company authorized a stock buyback program in 2019 and bought back $8.3 million by the end of 2020.

The company's gross revenues were $58.2 million in 2021 (increased coverage by 49 square miles and 10 cities), up from $45.7 million in 2020 and from $40.8 million in 2019 (increased coverage by 82 square miles and 6 cities). The company had a net loss of $4.4 million in 2021, in part from nonrenewal of contracts and increases in legal costs, PR from Trident DMG, and lobbying.

Toronto, Ontario has declined to use the technology, as the Ministry of the Solicitor General (Ontario) believes it violates Section 8 of the Canadian Charter of Rights and Freedoms. The company previously provided indoor gunfire locator technology, but discontinued it in 2018. ShotSpotter illegally lobbied the city of Oakland, California in 2014 and received a $5000 fine.

In April 2023, the company rebranded to SoundThinking to better represent "holistic approach to gun violence", but retained the ShotSpotter product name.

In an August 2023 earnings call, the CEO of SoundThinking announced that the company had begun the process of absorbing parts (including the "engineering team") of Geolitica, formerly known as PredPol. The company spent nearly $24 million in sales and marketing in 2023.

Studies

A June 2021 study in the Journal of Experimental Criminology stated the system "may be of little benefit to police agencies with a pre-existing high call volume. Our results indicate no reductions in serious violent crimes, yet [ShotSpotter] increases demands on police resources." An October 2021 paper in the Journal of Urban Health, studying the longitudinal effects of ShotSpotter over a 17 year period, found "implementing ShotSpotter technology has no significant impact on firearm-related homicides or arrest outcomes. Policy solutions may represent a more cost-effective measure to reduce urban firearm violence."

Read the full text

In 2021 the NYU School of Law Policing Project published "Measuring the effects of ShotSpotter on Gunfire in St. Louis County, Mo", a paper which indicated a significant drop in gun violence in the area; however, the paper also discloses that ShotSpotter "has provided the Policing Project with unrestricted funding".

In July 2023, a Houston Chronicle investigation showed that ShotSpotter calls resulted in lower incident report rates and longer police response times. Over 80% of ShotSpotter alerts were false positives or otherwise useless. The almost 5500 alerts led to 99 arrests and 126 charges, about half of which were misdemeanors. A disproportionate number of residents in coverage areas are people of color. The Houston Police Department cast the system as a way to invest in historically marginalized areas. In May 2024, Houston mayor John Whitmire said "I think it's a gimmick. A feel-good program. Most law enforcement officers do not support ShotSpotter. I don't support it." The city's contract goes through 2027, but Whitmire wants to terminate it early.

A 2024 Northeastern University study showed that ShotSpotter increased detection of gunfire, but did not result in a reduction of gun violence or an increase in gunshot crime case clearance. Ohio State University criminal justice professor Terrance Hinton described it as "more of a Band-Aid... it doesn't address the root cause of gun violence".

Jennifer Doleac told Voice of San Diego that ShotSpotter "resisted attempts (by me and others) to do a rigorous evaluation of its impacts", noting "they've clearly found that they can get cities to sign their contracts without such evidence."

A 2024 audit from the New York City Comptroller found that during the month of June 2023 New York City Police Department responded to 940 alerts, 82% could not confirm a shot was fired, and 5% were unfounded or a false positive. It also stated that NYPD was over-representing the benefits of the system in reducing response times. Comptroller Brad Lander said "NYPD is wasting precious time and money on this technology and needs to do a better job managing its resources. Chasing down car backfires and construction noise does not make us safer." Activist and early supporter of the ShotSpotter installation Jumaane Williams agreed it wasn't working, stating "More concerning is a response to the report. Even the recommendations that say, 'let's try to make it better,' the most material of the recommendations were outright rejected by this administration."

Opposition

In May 2024, three senators and a representative wrote a letter requesting the Department of Homeland Security Office of Inspector General open an investigation into ShotSpotter for its accuracy and racial bias in policing.

Campaign Zero has a project called #CancelShotSpotter that addresses claims made by the company versus studies. In 2025 the campaign put mobile billboards in Little Rock, Arkansas to oppose renewing a ShotSpotter contract stating "ShotSpotter admits it doesn't prevent crime. What are your tax dollars paying for?" and "ShotSpotter cannot tell the difference between a popped balloon, fireworks or gunshots." It has also placed advertisements in Fayetteville, North Carolina in 2024.

From Wikipedia’s article on SoundThinking, shared under CC BY-SA 4.0.6

Leadership

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

Chief financial officer

  1. Mary Hentges2020
20202025
Board members and other officers (20)

Products and brands

  • ShotSpotter

Listed on Wikidata.1

Former names

  • SHOTSPOTTER, INCSep 8, 2015 to Mar 21, 20235
  • Shotspotter IncMay 17, 2011 to Apr 4, 20145

Timeline

  1. Sep 29, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure38
  2. Aug 13, 20268-K Financial statements and exhibits39
  3. Jun 4, 20268-K Shareholder vote40
  4. May 14, 20268-K Results of operations41
  5. Mar 10, 20268-K Executive or director change42
  6. Mar 3, 20268-K Results of operations43
  7. Nov 12, 20258-K Results of operations44
  8. Sep 3, 20258-K Entered a material agreement; New debt or obligation45
  9. Aug 12, 20258-K Results of operations46
  10. Jun 5, 20258-K Shareholder vote47
  11. May 13, 20258-K Results of operations48
  12. Apr 22, 20258-K Executive or director change49
  13. Jun 6, 2017New chief executive Ralph A. Clark becomes CEO17

Calendar

Coming up

  1. Nov 11, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.16) a share, on Nov 12, 2025.50

When it reported results

  1. May 14, 2026Reported quarterly or annual results41
  2. Mar 3, 2026Reported quarterly or annual results43
  3. Nov 12, 2025Reported quarterly or annual results44
  4. Aug 12, 2025Reported quarterly or annual results46
  5. May 13, 2025Reported quarterly or annual results48
  6. Feb 25, 2025Reported quarterly or annual results51
  7. Nov 12, 2024Reported quarterly or annual results52
  8. Aug 12, 2024Reported quarterly or annual results53

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

Filings

371 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 41 major events, 238 insider forms, 44 large holders, 28 other. The latest 20:

  1. Oct 2, 2026SCHEDULE 13G/A EDGAR
  2. Oct 2, 2026SCHEDULE 13D EDGAR
  3. Sep 30, 2026SCHEDULE 13D/A EDGAR
  4. Sep 30, 2026SC14D9C EDGAR
  5. Sep 30, 2026SCHEDULE 13D EDGAR
  6. Sep 29, 2026SC14D9C EDGAR
  7. Sep 29, 20268-K EDGAR
  8. Sep 29, 2026SC TO-C EDGAR
  9. Sep 2, 20264 EDGAR
  10. Sep 2, 20264 EDGAR
  11. Aug 14, 202610-Q EDGAR
  12. Aug 13, 20268-K EDGAR
  13. Jun 25, 20264 EDGAR
  14. Jun 25, 20264 EDGAR
  15. Jun 25, 20264 EDGAR
  16. Jun 25, 20264 EDGAR
  17. Jun 25, 20264 EDGAR
  18. Jun 25, 20264 EDGAR
  19. Jun 9, 20264 EDGAR
  20. Jun 4, 20268-K EDGAR

The 371 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

214 open-market trades by officers, directors and large owners since October 2021: 18 buys and 196 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 31, 2026Jochim DavidSee remarksSale1,162$6.05$7.0KForm 4
Feb 24, 2026Veradace Partners LP10% ownerBuy15,773$7.14$112.6KForm 4
Feb 23, 2026Veradace Partners LP10% ownerBuy7,016$7.04$49.4KForm 4
Feb 19, 2026Veradace Partners LP10% ownerBuy8,748$7.07$61.8KForm 4
Feb 18, 2026Veradace Partners LP10% ownerBuy105,880$7.14$756.0KForm 4
Feb 17, 2026Veradace Partners LP10% ownerBuy31,000$7.41$229.7KForm 4
Feb 13, 2026Veradace Partners LP10% ownerBuy14,612$7.64$111.6KForm 4
Feb 12, 2026Veradace Partners LP10% ownerBuy78,696$7.03$553.2KForm 4
Feb 11, 2026Veradace Partners LP10% ownerBuy100,610$7.03$707.3KForm 4
Feb 10, 2026Veradace Partners LP10% ownerBuy10,616$7.29$77.4KForm 4
Feb 9, 2026Veradace Partners LP10% ownerBuy4,167$6.95$29.0KForm 4
Feb 6, 2026Veradace Partners LP10% ownerBuy105,097$6.84$718.9KForm 4
Feb 5, 2026Veradace Partners LP10% ownerBuy17,000$7.04$119.7KForm 4
Feb 4, 2026Veradace Partners LP10% ownerBuy10,000$7.23$72.3KForm 4
Feb 3, 2026Veradace Partners LP10% ownerBuy187,702$6.80$1.3MForm 4
Feb 2, 2026Veradace Partners LP10% ownerBuy18,985$7.07$134.2KForm 4
Dec 1, 2025Golzadeh NasimSee remarksSale2,306$6.03$13.9KForm 4
Nov 18, 2025Golzadeh NasimSee remarksSale461$6.10$2.8KForm 4
Sep 4, 2025Clark Ralph A.President and CEOSale1,875$11.80$22.1KForm 4
Sep 4, 2025Golzadeh NasimSee remarksSale231$11.80$2.7KForm 4

All 214 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
2025Ralph A. Clark67$472.5K$4.6M67
2025Alan R. Stewart62$378.0K$1.7M67
2025Nasim Golzadeh$330.8K$1.6M67
2024President and Chief Executive Officer$468.8K$5.0M67
2024Chief Financial Officer$375.0K$1.8M67
2024Managing DirectorTechnologic and Executive Vice President, Investigative Solutions$328.1K$1.7M67

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 77. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Veradace Capital Management LLC2,089,905$18.9M14.9%No change
Kopion Asset Management, LLC1,114,648$10.1M6.4%+142,346
Rice Hall James & Associates, LLC466,860$4.2M0.2%+22,773
Vanguard Capital Management LLC415,948$3.8M0.0%+7,270
BlackRock, Inc.358,065$3.2M0.0%−476,811
Aqr Capital Management LLC300,920$2.7M0.0%+171,778
Quantinno Capital Management LP284,907$2.6M0.0%+48,326
Pullen Investment Management, LLC193,207$1.7M0.8%+6,077
Jane Street Group, LLC138,821$1.3M0.0%+91,425
Goldman Sachs Group Inc132,111$1.2M0.0%+42,331
Marshall Wace, Llp130,389$1.2M0.0%New
Geode Capital Management, LLC108,145$979.0K0.0%−155,974
Dimensional Fund Advisors LP101,475$918.1K0.0%−35,613
Millennium Management LLC81,135$734.3K0.0%New
Morgan Stanley70,080$634.2K0.0%−19,990
Renaissance Technologies LLC61,132$553.2K0.0%−4,200
Vanguard Fiduciary Trust Co60,303$545.7K0.0%−7,906
Point72 Asset Management, L.P.54,516$493.4K0.0%+42,292
XTX Topco Ltd53,631$485.4K0.0%−5,931
Mercer Global Advisors Inc /adv52,105$471.6K0.0%+9,365
Arrowstreet Capital, Limited Partnership46,087$417.1K0.0%New
Susquehanna International Group, Llp45,291$409.9K0.0%−10,992
State Street Corp42,604$385.6K0.0%−161,303
Hsbc Holdings PLC41,045$367.4K0.0%−1,121
Great Lakes Advisors, LLC30,099$272.4K0.0%New

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

SEC filer profile

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

  • Name on EDGARSOUNDTHINKING, INC.2
  • CIK0001351636
  • Employer ID (EIN)47-094991516
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company16
  • Incorporated inDelaware16
  • Fiscal year endsDecember 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address39300 Civic Center Drive, Suite 300, Fremont, CA 945382
  • Phone(510) 794-31002
  • Shares outstanding13,163,790 as of Aug 5, 202614
  • Public float$119.7M as of Jun 30, 202516
  • AuditorBaker Tilly US, LLP, Minneapolis, MN PCAOB ID 23; no auditor attestation of internal control over financial reporting16
  • On EDGAR sinceJan 27, 20062
  • Filings729 in all: 4 (421), 8-K (84), SC 13G/A (31), 10-Q (28), 3 (25), 4/A (18), SC 13G (16), DEFA14A (12)2
    All 39 form types

    SCHEDULE 13G/A (10), 10-K (9), DEF 14A (9), 144 (6), CORRESP (6), S-8 (6), 8-K/A (4), ARS (4), D (4), SCHEDULE 13G (4), S-1/A (3), SCHEDULE 13D (3), 424B5 (2), EFFECT (2), REGDEX (2), SC14D9C (2), SCHEDULE 13D/A (2), SD (2), UPLOAD (2), 3/A (1), 424B4 (1), 5 (1), 8-A12B (1), CERTNAS (1), D/A (1), DRS (1), NT 10-Q (1), S-1 (1), S-3 (1), S-3/A (1), SC TO-C (1)

  • Latest filingsAnnual report (10-K) Mar 30, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Apr 22, 2026
    Latest 8-K (8-K) Sep 29, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.005 par value per shareSSTINasdaq

From the cover page of the 10-K filed Mar 30, 2026 (Section 12(b) of the Exchange Act).16

Risk factors and legal proceedings

The risks SoundThinking, Inc. names in Item 1A of its 10-K filed Mar 30, 2026: 48 risks under these headings, as written.16

  • Risks Related to Our Business and Operations
  • Our success depends on maintaining and increasing our sales, which depends in part on factors we cannot control, including the availability of funding to our customers.
  • Our quarterly results of operations may fluctuate significantly due to a wide range of factors, which makes our future results difficult to predict.
  • Because we generally recognize our subscription revenues ratably over the term of our contract with a customer, fluctuations in sales will not be fully reflected in our operating results until future periods.
  • We have not been profitable in the past and may not achieve or maintain profitability in the future.
  • Contracting with government entities can be complex, expensive, and time-consuming.
  • Our sales cycle can be lengthy, time-consuming and costly, and our inability to successfully complete sales could harm our business.
  • Real or perceived false positive gunshot alerts or false positive security threat detection, or failure or perceived failure to generate alerts for actual gunfire or missed weapon detection could adversely affect our customers and their operations, damage our brand and reputation and adversely affect our growth prospects and results of operations.
  • Concerns regarding privacy and government-sponsored surveillance may deter customers from purchasing our solutions.
  • The nature of our business may result in undesirable press coverage or other negative publicity, which could adversely affect our growth prospects and results of operations.
  • Economic uncertainties or downturns, or political changes, could limit the availability of funds available to our existing and potential customers, which could materially and adversely affect our business.
  • Ongoing social unrest may have a material adverse effect on our business, the future magnitude or duration of which we cannot predict with accuracy.
The other 37 risks
  • The failure of our solutions to meet our customers’ expectations or of our solutions generally could, in some cases, result in injury or loss of life, and could harm our reputation, which may have a material adverse effect on our business, operating results and financial condition.
  • We rely on the cooperation of customers and third parties to permit us to install our ShotSpotter sensors and SafePointe bollards on their facilities, and failure to obtain these rights could increase our costs or limit the effectiveness of our ShotSpotter and SafePointe solutions.
  • Natural disasters, infectious disease outbreaks, power outages and other events outside of our control may impact us or our customers and harm our operating results and financial condition.
  • The incurrence of debt may impact our financial position and subject us to additional financial and operating restrictions.
  • The competitive landscape for our security solutions is evolving and new competitors may enter the market for our public safety solutions.
  • The nature of our business exposes us to inherent liability risks.
  • If we fail to offer high-quality customer support, our business and reputation may suffer.
  • We rely on a limited number of suppliers and contract manufacturers, and our proprietary ShotSpotter sensors are manufactured by a single contract manufacturer.
  • We are dependent on the continued services and performance of our senior management and other key personnel, the loss of any of whom could adversely affect our business.
  • If we are unable to attract, integrate and retain additional qualified personnel, including top technical talent, our business could be adversely affected.
  • Our ability to use our net operating losses to offset future taxable income may be subject to certain limitations.
  • Risks Related to Our Growth Strategy
  • If we are unable to reach additional public safety customers, expand into new markets or cross-sell our other solutions to our existing customers, our revenues may not grow.
  • If our business does not grow as we expect, or if we fail to manage our growth effectively, our operating results and business prospects would suffer.
  • Failure to effectively develop and expand our sales and marketing capabilities could harm our ability to increase our customer base and achieve broader market acceptance of our solutions.
  • We plan to increase our presence in international markets, which exposes us to significant risks.
  • Our strategy includes pursuing acquisitions, and our inability to successfully integrate newly acquired technologies, assets or businesses, or our becoming subject to certain liabilities assumed or incurred with our acquisitions, may harm our financial results. Future acquisitions of technologies, assets or businesses, which are paid for partially or entirely through the issuance of stock or stock rights, could dilute the ownership of our existing stockholders.
  • Risks Related to Our Technology
  • We rely on wireless carriers to provide access to wireless networks through which our acoustic sensors communicate with our cloud-based backend and with which we provide our notification services to customers, and any interruption of such access would impair our business.
  • Real or perceived errors, failures, or bugs in our software could adversely affect our operating results and growth prospects.
  • Interruptions or performance problems associated with our technology and infrastructure may adversely affect our business and results of operations.
  • If our information technology systems or data, or those of third parties with whom we work, are or were compromised, our customers may be harmed and we could experience adverse consequences resulting from such compromise, including, but not limited to, regulatory investigations or actions; litigation or mass arbitration demands; fines and penalties; disruptions of our business operations; reputation harm; loss of revenue or profits; loss of customers or sales; and other adverse consequences.
  • If we lose our ability to share a significant agency’s dataset in our CrimeTracer platform, our ability to sell that product may be adversely affected.
  • Our solutions use third-party software and services that may be difficult to replace or cause errors or failures of our solutions that could lead to a loss of customers or harm to our reputation and our operating results.
  • We use artificial intelligence in our products and services which may result in operational challenges, legal liability, reputational concerns and competitive risks.
  • If we do not or cannot maintain the compatibility of our platform with applications that our customers use, our business could suffer.
  • Failure to protect our intellectual property rights could adversely affect our business.
  • We may be subject to intellectual property rights claims by third parties, which are extremely costly to defend, could require us to pay significant damages and could limit our ability to use certain technologies.
  • Our use of generative artificial intelligence tools may pose particular risks to our proprietary software and systems and subject us to legal liability.
  • Our use of open-source software could subject us to possible litigation.
  • Legal and Regulatory Risks
  • Changes in tax laws or regulations that are applied adversely to us or our customers may have a material adverse effect on our business, cash flow, financial condition or results of operations.
  • We may be subject to additional obligations to collect and remit certain taxes, and we may be subject to tax liability for past activities, which could harm our business.
  • International trade policies, including tariffs, sanctions and trade barriers may adversely affect our business, financial condition, results of operations and prospects.
  • Risks Related to the Ownership of Our Common Stock
  • We identified material weakness in our internal control over financial reporting as of December 31, 2025. If we are unable to develop and maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results in a timely manner, which may adversely affect investor confidence in us and materially and adversely affect our business and operating results.
  • Our stock price is volatile and may decline regardless of our operating performance, resulting in substantial losses for investors.
  • Stock repurchases could increase the volatility of the trading price of our common stock and diminish our cash reserves, and we cannot guarantee that our stock repurchase program will enhance long-term stockholder value.
  • We expect that we will become an accelerated filer in the future, which will increase our costs and demands on management.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our common stock.
  • Our certificate of incorporation contains exclusive forum provisions that could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us.

Legal proceedings

We may become subject to legal proceedings, as well as demands and claims that arise in the normal course of our business, including claims of alleged infringement of third-party patents and other intellectual property rights, breach of contract, employment law violations and other matters involving requests for information from us or our customers under federal or state law. Such claims, even if not meritorious, could result in the expenditure of significant financial and management resources. We make a provision for a liability relating to legal matters when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed and adjusted to include the impacts of negotiations, estimated settlements, legal rulings, advice of legal counsel, and other information and events pertaining to a particular matter.

An unfavorable outcome on any litigation matters could require payment of substantial damages, or, in connection with any intellectual property infringement claims, could require us to pay ongoing royalty payments or could prevent us from selling certain of our products. As a result, a settlement of, or an unfavorable outcome on, any litigation matters or legal proceedings could have a material adverse effect on our business, operating results, financial condition and cash flows.

The opening of Item 3, Legal Proceedings.16

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