SoundHound AI(SOUN) - 2025 Q3 - Quarterly Results

Revenue and Growth - Total revenues for the three months ended September 30, 2025, were $42,049,000, representing a 67.5% increase from $25,094,000 in the same period of 2024[4] Expenses and Losses - Operating expenses for the nine months ended September 30, 2025, totaled $179,706,000, compared to $134,431,000 for the same period in 2024, reflecting a 33.6% increase[4] - The net loss for the nine months ended September 30, 2025, was $54,063,000, a decrease from a net loss of $92,082,000 in the same period of 2024, indicating a 41.2% improvement[4] - The company incurred $60,956,000 in stock-based compensation for the nine months ended September 30, 2025, compared to $23,292,000 for the same period in 2024, representing a 161.5% increase[6] - Cash flows used in operating activities for the nine months ended September 30, 2025, were $76,336,000, slightly higher than $75,755,000 for the same period in 2024[6] Cash and Assets - Cash and cash equivalents as of September 30, 2025, were $268,936,000, up from $198,240,000 as of December 31, 2024, showing a 35.4% increase[2] - The total assets increased to $702,217,000 as of September 30, 2025, compared to $553,953,000 as of December 31, 2024, marking a 26.8% growth[2] Liabilities and Capital - The total liabilities decreased to $302,981,000 as of September 30, 2025, down from $371,300,000 as of December 31, 2024, reflecting a 18.4% reduction[2] - The company reported a significant increase in additional paid-in capital, rising to $1,396,094,000 as of September 30, 2025, from $1,125,470,000 as of December 31, 2024, which is a 24% increase[2] Financing Activities - The net cash provided by financing activities for the nine months ended September 30, 2025, was $204,514,000, compared to $115,445,000 for the same period in 2024, indicating a 77% increase[6]