SoundHound AI(US:SOUN)2026-02-26 21:30Financial Performance - Revenues for Q4 2025 reached $55,059,000, a 59.5% increase from $34,543,000 in Q4 2024[4] - Net loss for Q4 2025 was $40,057,000, compared to a net loss of $258,599,000 in Q4 2024, indicating a significant improvement[4] - The company reported a comprehensive loss of $39,972,000 for Q4 2025, compared to a comprehensive loss of $258,656,000 in Q4 2024[4] - The net loss for the year ended December 31, 2025, was $14,006 thousand, a significant improvement compared to a net loss of $350,681 thousand in 2024 and $88,937 thousand in 2023[8] Assets and Liabilities - Total assets increased to $688,173,000 in 2025, up from $553,953,000 in 2024, representing a 24.2% growth[2] - Total current liabilities increased to $71,739,000 in 2025 from $67,742,000 in 2024, a rise of 2.9%[2] - Goodwill increased to $122,277,000 in 2025 from $101,704,000 in 2024, representing a 20.2% increase[2] Cash and Cash Equivalents - Cash and cash equivalents increased to $248,490,000 in 2025, up from $198,240,000 in 2024, marking a 25.4% increase[2] - The total cash, cash equivalents, and restricted cash equivalents at the end of 2025 amounted to $249,166 thousand, up from $198,916 thousand in 2024 and $109,035 thousand in 2023[10] Operating Expenses - Operating expenses for the year 2025 totaled $192,192,000, a decrease from $426,046,000 in 2024, reflecting a 54.9% reduction[6] - Research and development expenses for 2025 were $98,250,000, up from $70,555,000 in 2024, indicating a 39.3% increase[6] - The company incurred stock-based compensation of $80,620 thousand in 2025, significantly higher than $33,145 thousand in 2024 and $27,931 thousand in 2023[8] - The depreciation and amortization expense increased to $34,130 thousand in 2025 from $16,054 thousand in 2024 and $2,313 thousand in 2023[8] Cash Flows - Cash flows from operating activities showed a net cash used of $98,222 thousand in 2025, slightly better than $108,878 thousand in 2024 and $68,265 thousand in 2023[8] - The company reported a net cash used in investing activities of $59,504 thousand in 2025, compared to $12,372 thousand in 2024 and $392 thousand in 2023[10] - Net cash provided by financing activities was $208,074 thousand in 2025, compared to $210,906 thousand in 2024 and $168,237 thousand in 2023[10] Other Financial Metrics - The weighted-average common shares outstanding for Q4 2025 were 417,576,180, compared to 375,102,329 in Q4 2024, reflecting an increase of 11.3%[4] - The company reported a change in fair value of contingent acquisition liabilities of $(163,127) thousand in 2025, contrasting with a gain of $222,670 thousand in 2024[8] - Cash paid for interest was $26 thousand in 2025, a decrease from $6,337 thousand in 2024 and $11,984 thousand in 2023[10] - The company capitalized software development costs of $4,000 thousand in 2025, indicating ongoing investment in technology development[10]