SoundHound AI (SOUN) Stock Overview
Provides independent voice artificial intelligence (AI) solutions that enables businesses across the automotive, TV, IoT, and customer service industries to deliver conversational experiences to customers in the United States, Korea, France, Japan, Germany, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 1/6 |
| Past Performance | 0/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
SOUN Community Fair Values
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Analyst Price Targets
Top Community Narratives
US$28.58
FV
71.8% undervalued intrinsic discount13.3k
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SoundHound AI, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$8.06 |
| 52 Week High | US$22.17 |
| 52 Week Low | US$5.83 |
| Beta | 2.76 |
| 1 Month Change | 25.35% |
| 3 Month Change | 1.26% |
| 1 Year Change | -28.42% |
| 3 Year Change | 233.06% |
| 5 Year Change | n/a |
| Change since IPO | 7.47% |
Recent News & Updates
Seeking Alpha • May 08
SoundHound AI: Buying Opportunity In The Slide As New Products Ramp Up (Upgrade)
Summary SoundHound AI is upgraded to "Buy" as a post-earnings dip creates an attractive entry amid strong organic growth and upcoming catalysts. SOUN delivered 52% y/y revenue growth in Q1, beating consensus, though gross margins declined and guidance remains wide, reflecting sector caution. The launch of OASYS and the opportunistic LivePerson acquisition position SOUN for enhanced product breadth and potential revenue acceleration in H2. Despite a premium 14.1x EV/FY26 revenue multiple, SOUN’s >50% growth and cost synergies justify a small, tactical position given sector risks. Read the full article on Seeking Alpha
New Narrative • May 05
Orchestrating the Agentic Revolution: SoundHound AI’s Integration of Amelia 7, Vision AI, and Real-Time Transactional Voice Commerce
SoundHound AI, Inc. (SOUN), a global leader in voice and conversational AI, is scheduled to report its Q1 fiscal 2026 financial results on May 7, 2026 , after the market closes.Recent updates
Seeking Alpha • May 08
SoundHound AI: Buying Opportunity In The Slide As New Products Ramp Up (Upgrade)
Summary SoundHound AI is upgraded to "Buy" as a post-earnings dip creates an attractive entry amid strong organic growth and upcoming catalysts. SOUN delivered 52% y/y revenue growth in Q1, beating consensus, though gross margins declined and guidance remains wide, reflecting sector caution. The launch of OASYS and the opportunistic LivePerson acquisition position SOUN for enhanced product breadth and potential revenue acceleration in H2. Despite a premium 14.1x EV/FY26 revenue multiple, SOUN’s >50% growth and cost synergies justify a small, tactical position given sector risks. Read the full article on Seeking AlphaNew Narrative • May 05
Orchestrating the Agentic Revolution: SoundHound AI’s Integration of Amelia 7, Vision AI, and Real-Time Transactional Voice Commerce
SoundHound AI, Inc. (SOUN), a global leader in voice and conversational AI, is scheduled to report its Q1 fiscal 2026 financial results on May 7, 2026 , after the market closes.
Narrative Update • Apr 29
SOUN: Expanding Agentic AI Partnerships Across Retail And Telecom Will Drive Upside
Analysts now maintain their $20.00 price target for SoundHound AI, broadly in line with previous views, citing only small adjustments to modeled revenue growth, profit margins and long-term P/E assumptions rather than any major change in the overall outlook. What's in the News Renews and expands long-standing partnership with Casey’s, where AI-powered ordering agents have handled more than 21 million guest interactions and are deployed across over 2,600 locations, supporting food orders and store inquiries at scale (Client Announcements).
Narrative Update • Apr 26
SOUNDHOUND AI REPORTS STRONG Q3 2025 REVENUE GROWTH WITH EXPANSION IN ENTERPRISE VOICE AI AND AGENTIC+ PLATFORM
Executive Summary Analyst: Qudus Adebara (Head of Equity, Wane Trading Club) SoundHound AI, Inc. (SOUN) delivered strong top-line growth for the third quarter ended September 30, 2025, with revenue of $42.0 million, up 68% year-over-year, driven by broad enterprise adoption, strategic acquisitions, and expansion across vertical markets including automotive, healthcare, finance, and retail.
Narrative Update • Apr 15
SOUN: Future Upside Will Rely On Scaling Agentic Edge AI Partnerships
Analysts have maintained their $14.63 price target on SoundHound AI, making only minor adjustments to assumptions such as discount rate, long-term revenue growth, profit margin and future P/E. These changes serve to reaffirm their existing view rather than alter it.Narrative Update • Apr 01
SOUN: Agentic AI Rollout Across Retail And Enterprise Will Drive Upside
Analysts now set a lower price target for SoundHound AI at $20.00, down from $24.01. This change reflects updated views on the discount rate, revenue growth, profit margin, and a higher future P/E assumption.Narrative Update • Mar 18
SOUN: Future Upside Will Depend On Scaling Agentic Edge AI Deployments
Analysts now hold SoundHound AI's fair value steady at $14.63 while slightly adjusting key inputs such as discount rate, profit margin, and future P/E. This reflects fine tuning of their assumptions rather than a major shift in outlook.Narrative Update • Mar 03
SOUN: Future Upside Will Rely On Scaling Agentic Voice Commerce Platform
Analysts have trimmed their 12 month price target on SoundHound AI from about $16.31 to $14.63. This reflects updated views on revenue growth assumptions, profit margins, and a higher future P/E multiple.Narrative Update • Feb 17
SOUN: Future Upside Will Depend On Expanding Agentic Voice Commerce Platform
Analysts have maintained their fair value estimate for SoundHound AI at $16.31, while modestly adjusting key inputs such as the discount rate, profit margin outlook, and a very high future P/E assumption. Together, these changes reflect updated views on the balance between growth potential and profitability risk.Analysis Article • Feb 09
With A 27% Price Drop For SoundHound AI, Inc. (NASDAQ:SOUN) You'll Still Get What You Pay For
Unfortunately for some shareholders, the SoundHound AI, Inc. ( NASDAQ:SOUN ) share price has dived 27% in the last...
Narrative Update • Feb 03
SOUN: APAC IoT Contract Will Drive Future Upside Potential
Analysts have raised their price target on SoundHound AI from US$12 to US$15, citing slightly better than expected quarterly results, a major IoT contract that indicates growing traction in APAC, and updated assumptions for fair value, revenue growth, profit margin, discount rate, and future P/E. Analyst Commentary While the higher price target to US$15 reflects updated assumptions, some research commentary still sounds careful about how the story develops from here.Narrative Update • Jan 20
SOUN: Future Upside Will Depend On Large IoT Win In APAC
Analysts now see slightly less upside for SoundHound AI, trimming their fair value estimate from $17.19 to $16.31. They point to the recent Street price target increase to $15, interest in the large IoT win, traction in APAC, and the adjusted Q4 guidance as key drivers of their updated view.Narrative Update • Jan 06
SOUN: Future Upside Will Hinge On Expanding IoT Traction In APAC
Analysts have nudged their fair value estimate for SoundHound AI higher from US$16.94 to US$17.19 after a Street price target move to US$15, citing slightly better than expected quarterly results and emerging IoT traction in APAC, even as the Q4 organic outlook was tempered. Analyst Commentary Bullish Takeaways Bullish analysts view the higher fair value estimate and the Street price target move to US$15 as consistent with slightly better than expected quarterly execution.Narrative Update • Dec 14
SOUN Will Benefit From Expanding APAC IoT Deals And Automotive Integrations
Analysts have lifted their fair value estimate for SoundHound AI from about $18.00 to roughly $24.01 per share, citing slightly better than expected quarterly results and growing IoT traction in APAC despite a softer Q4 organic outlook. Analyst Commentary Bullish analysts are responding positively to SoundHound AI's latest quarterly report, highlighting improving fundamentals and a clearer path to monetization across connected devices.Narrative Update • Nov 29
SOUN: Future Returns Will Depend On Expanding IoT Partnerships In Asia-Pacific
Analysts have raised their price target for SoundHound AI from $12 to $15 per share, citing stronger-than-expected quarterly results and notable progress with recent IoT partnerships. However, organic guidance for the next quarter was somewhat tempered.Narrative Update • Nov 15
SOUN: Future Gains Will Stem From Expanding Asia-Pacific Customer Wins
Analysts have modestly raised their price target for SoundHound AI from $16.56 to $16.94. They cite recent better-than-expected results and notable international customer wins as key drivers behind the update.Analysis Article • Nov 13
SoundHound AI, Inc.'s (NASDAQ:SOUN) 31% Cheaper Price Remains In Tune With Revenues
SoundHound AI, Inc. ( NASDAQ:SOUN ) shareholders won't be pleased to see that the share price has had a very rough...Narrative Update • Nov 01
SOUN: Enterprise Partnerships And AI Integration Will Drive Sector Transformation
Analysts have maintained their price target for SoundHound AI at $16.56, citing only minor adjustments to margin and discount rate assumptions, which do not impact the overall fair value estimate. What's in the News SoundHound AI announced a partnership with Telarus to bring its Amelia 7 AI Agent and Autonomics platforms to thousands of enterprise customers.Narrative Update • Oct 18
Voice And AI Interfaces Will Transform Industries
Analysts have raised their price target for SoundHound AI from $15.56 to $16.56 per share, citing slight improvements in profit margin outlook and a reduced discount rate as key factors in the updated valuation. What's in the News SoundHound AI and Apivia Courtage expand their partnership by deploying Amelia 7 AI agents at Apivia's contact centers.Narrative Update • Oct 04
Voice And AI Interfaces Will Transform Industries
Analysts have slightly raised their price target for SoundHound AI from $15.31 to $15.56, reflecting updated financial metrics and recent neutral sentiment in the latest research coverage. Analyst Commentary Bullish Takeaways Bullish analysts point to SoundHound AI's robust revenue growth and ongoing expansion into new markets, which they view as supportive of a higher valuation.Narrative Update • Sep 10
Voice And AI Interfaces Will Transform Industries
The upward revision in SoundHound AI's consensus price target reflects higher future P/E expectations despite a modest decline in net profit margin, raising fair value from $14.50 to $15.31. What's in the News SoundHound AI announced a partnership with Primary Health Solutions to deploy a multilingual, HIPAA-compliant conversational AI platform, “Denise,” for patient engagement, targeting improved scheduling, call center efficiencies, and future proactive outreach.Analysis Article • Sep 06
Revenues Tell The Story For SoundHound AI, Inc. (NASDAQ:SOUN) As Its Stock Soars 32%
SoundHound AI, Inc. ( NASDAQ:SOUN ) shares have continued their recent momentum with a 32% gain in the last month...Narrative Update • Aug 23
Integration Of Polaris Will Consolidate Leadership In Voice AI Market
SoundHound AI's higher consensus price target reflects increased growth expectations, as evidenced by a rising future P/E, despite a marginal dip in net profit margin, lifting fair value from $12.44 to $14.50. What's in the News SoundHound AI launched Vision AI, integrating advanced visual understanding with its voice-first platform to enable context-aware, multi-modal enterprise applications across automotive, retail, industrial, and mobile environments.Narrative Update • Aug 08
Integration Of Polaris Will Consolidate Leadership In Voice AI Market
Despite a notable decline in consensus revenue growth forecasts, analysts have modestly raised their fair value estimate for SoundHound AI, with the price target increasing from $11.81 to $12.44. What's in the News SoundHound AI launched Vision AI, integrating visual perception and voice capabilities for context-aware, real-time enterprise applications across automotive, retail, industrial, and mobile environments.Analysis Article • Jul 09
Market Participants Recognise SoundHound AI, Inc.'s (NASDAQ:SOUN) Revenues Pushing Shares 26% Higher
SoundHound AI, Inc. ( NASDAQ:SOUN ) shares have continued their recent momentum with a 26% gain in the last month...Seeking Alpha • Apr 28
From Growth Darling To A Cautionary Stock: Reasons To Sell SoundHound AI Now
Summary I first issued a sell call on SoundHound AI on January 3, 2025 due to unsustainable valuation and negative free cash flow; the stock is down 60% YTD. Despite strong Q4 2024 earnings, investor sentiment remains poor due to a worsening economy and investor worry over the company's ability to achieve its profitability goals. SoundHound's acquisitions of SYNQ3 and Amelia have complicated accounting, raising risks and potential for significant charges affecting financial results. Valuation concerns persist with a high P/S ratio and forward EV-to-Sales, suggesting the market may overvalue SoundHound amid economic uncertainty. Read the full article on Seeking AlphaSeeking Alpha • Apr 21
SoundHound AI: A Near-Term Bottom May Be Approaching, But Watch For End Market Weakness (Rating Upgrade)
Summary SoundHound's stock has plunged over 60% since January, prompting me to upgrade the stock to a neutral rating due to its substantial decline and ongoing growth. Positives include SoundHound's early leadership in voice-enabled AI, impressive blue-chip client roster, and a vast $140 billion market opportunity. Concerns include tariff threats in key end markets, a distracting shareholder lawsuit, and a still-premium valuation at 17.5x EV/FY25 revenue despite the recent crash. SoundHound's Q4 revenue doubled, beating expectations, but future growth is uncertain with back-end loaded demand and a possible slowdown in bookings from the restaurant and auto client segments. Read the full article on Seeking Alpha
New Narrative • Mar 20
Integration Of Polaris Will Consolidate Leadership In Voice AI Market
Expansion into voice commerce and innovative AI solutions aims to boost revenue through new partnerships and higher royalties, driving growth and profitability.Seeking Alpha • Mar 18
SoundHound AI: High Growth, High Potential, High Risk
Summary SoundHound AI is growing nicely but remains highly overvalued, with a price-to-sales ratio of 40x, far above the sector median of 3x. Despite expanding partnerships in automotive and restaurants, profitability remains a concern, with a $350M net loss in 2024 and aggressive shareholder dilution of 54.7%. Strong momentum and excitement around the AI sector have kept SOUN’s valuation high. But, if the stock drops to a more reasonable 10x-15x P/S, it could be a better buying point. Given the high valuation, cash burn, and dilution risks, I rate SOUN as a hold, waiting for a more attractive valuation before re-entering. Read the full article on Seeking AlphaSeeking Alpha • Mar 04
SoundHound AI: Red Flags Mount
Summary SoundHound AI, Inc.'s inflated sales growth and delayed 10-K filing raise red flags, with pro forma revenues showing a decline, questioning the company's organic growth story. The voice AI company's unaudited Q4 results show a worsening EBITDA loss, highlighting the negative impact of acquisitions like Amelia Systems on the bottom line. The stock's valuation is extreme, trading at ~25x 2025 revenue estimates, despite the promise of only 20% pro forma growth, leaving a true value close to only $4. Read the full article on Seeking AlphaAnalysis Article • Feb 26
The Price Is Right For SoundHound AI, Inc. (NASDAQ:SOUN) Even After Diving 37%
SoundHound AI, Inc. ( NASDAQ:SOUN ) shares have retraced a considerable 37% in the last month, reversing a fair amount...
New Narrative • Feb 18
SoundHound’s Moat And Diversified Revenue Strategy Make It A Voice AI Leader
SoundHound has developed over two decades of moat in an industry that just started getting traction.Seeking Alpha • Feb 17
SoundHound AI: The Bubble Is Bursting
Summary Nvidia's exit from SoundHound AI has led to significant downward pressure on the stock, which remains overvalued despite recent declines. I maintain a 'sell' rating on SoundHound AI due to its excessive valuation, even after a 28% drop on Friday. SoundHound AI's upcoming Q4 earnings report may not be enough to change investor sentiment, despite the company's growth in non-automotive sectors. The AI software company also needs to prove that it can maintain its rapid pace of top line growth while improving its EBITDA profile. The biggest risks for SoundHound AI are its high revenue multiplier and potential continued investor exodus following Nvidia's stake sale. Read the full article on Seeking AlphaSeeking Alpha • Feb 10
SoundHound: Revenue Growth Deterioration May Spoil Everything
Summary The rally in SOUN stock we saw over the past 12 months looks massive, but it's likely overdone as fundamentals are taken into account. SoundHound's revenue growth deterioration is evident from the Wall Street consensus for FY2026, with extreme valuations raising concerns about future returns. Against the backdrop of falling revenue growth rates, SOUN is unlikely to expedite its break-even estimates, which is a red sign as well. SOUN is already valued at over 50% of today's TAM (my calculations here are based on Coherent Insights data) as if it's an oligopolist in its niche. Trading at 24-25x FY2026 sales when SOUN's revenue growth rate is projected to accelerate dramatically, I don't see a nice risk/reward here for an upgrade. Read the full article on Seeking AlphaSeeking Alpha • Jan 28
SoundHound AI: Overvaluation And Mixed Technicals Make Stock A Sell
Summary SoundHound AI, Inc. is rated a sell due to neutral technicals and an overvalued P/S ratio despite strong recent earnings and promising business updates. The stock's chart shows no clear trend, with mixed signals from moving averages and indicators, suggesting uncertainty and indecisiveness in its future direction. SOUN's fundamentals are strong, with significant revenue growth and narrowed net losses, but the valuation is excessively high, pricing in too much good news. Investors should be cautious as the current P/S ratio is detached from revenue growth and significantly above the sector median, indicating overvaluation. Read the full article on Seeking AlphaSeeking Alpha • Jan 17
SoundHound AI: Sell At This Over Bloated Valuation (Rating Downgrade)
Summary SoundHound's stock has seen a significant decline in early 2025, dropping nearly 40% since January, signaling potential overvaluation driven by AI hype. The company's growth rate is currently boosted by its recent acquisition of Amelia, which it will lap midway through next year. The acquisition also caused SoundHound's gross margins to falter, while adjusted EBITDA losses are doubling y/y. Lock in gains with SoundHound's stock trading at near ~30x forward revenue, and wait for share prices to come down further before buying back in. Read the full article on Seeking AlphaSeeking Alpha • Jan 07
SoundHound AI: Be Fearful When Others Are Greedy (Rating Downgrade)
Summary SoundHound AI has seen rapid growth, but trades at an unsustainable valuation of nearly 47X forward revenues. Despite 89% Y/Y top line growth in Q3'24 and penetration of non-Automotive sectors, the valuation is detached from fundamentals, in my opinion. The valuation of SoundHound AI shows signs of a bubble, with high price-to-revenue ratios and surging investor enthusiasm. Investors should be cautious; while SOUN's growth is robust, the company has only a low revenue volume and no profits yet. Read the full article on Seeking AlphaSeeking Alpha • Dec 28
SoundHound AI: Uncertainty Has Not Yet Been Tuned
Summary SoundHound AI's Q3 2024 results exceeded expectations, driving a 208% stock price surge, but profitability remains uncertain despite promising market potential. The company targets a vast market, including quick-service restaurants and EV manufacturers, with significant growth potential in voice interaction technology. Despite impressive revenue growth, SoundHound AI faces risks from Big Tech competition and achieving projected margins, with a 57% chance of exceeding the current stock price. Management aims for positive Adjusted EBITDA by 2025, but cash flow generation is expected only by 2029, posing dilution risks. Read the full article on Seeking AlphaSeeking Alpha • Dec 06
SoundHound Speaks Volumes But I'm Not All In
Summary SoundHound AI, Inc. has shown impressive gains, but distinguishing between sustainable momentum and hype is crucial for investors. The company’s voice AI technology is widely adopted across industries, including automotive, IoT, and restaurants, with significant revenue potential. Despite strong revenue growth, SoundHound faces high operating losses, heavy equity financing, and resource constraints, raising concerns about its valuation. I recommend holding off on buying more shares until SoundHound demonstrates profitability and better execution to justify its steep valuation. Read the full article on Seeking AlphaSeeking Alpha • Nov 25
SoundHound AI: When Growth Comes At A Cost
Summary SOUN holds a net cash position of just under $100 million, which is less than 3% of its market cap. The company is burning through approximately $150 million of free cash flow per year, necessitating capital raising within the next twelve months. Share count has risen by 80% since 2023, indicating a management trend of diluting shareholders. At 15x forward sales, the stock's valuation seems rich, especially given its delayed path to free cash flow positivity. Read the full article on Seeking AlphaAnalysis Article • Nov 15
SoundHound AI, Inc. (NASDAQ:SOUN) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
As you might know, SoundHound AI, Inc. ( NASDAQ:SOUN ) just kicked off its latest quarterly results with some very...Seeking Alpha • Nov 13
SoundHound Q3: Switching Growth Lanes On AI Subscriptions
Summary SoundHound AI's Q3 revenue hit a record $89 million, driven by robust AI spending and successful acquisitions boosting subscription revenue. I am now bullish on SoundHound, upgrading it to a Buy rating due to promising results and strong subscription growth. Despite gross margin declines, SoundHound aims for adjusted EBITDA profitability by 2025 through cost synergies and backend tech integrations. SoundHound's 2025 revenue outlook of $160 million highlights its growth potential, making it an undervalued investment opportunity. Read the full article on Seeking AlphaAnalysis Article • Nov 09
SoundHound AI, Inc.'s (NASDAQ:SOUN) 49% Jump Shows Its Popularity With Investors
The SoundHound AI, Inc. ( NASDAQ:SOUN ) share price has done very well over the last month, posting an excellent gain...Seeking Alpha • Oct 10
SoundHound: Amelia Integration Will Weigh On The Share Price
Summary The SOUN stock hasn't progressed over the past 6 months and has underperformed growth stocks from the Russell 2000. SoundHound's acquisition of Amelia pushes back the landmark of EBITDA profitability, but also enhances its positioning in quite a few ways. Forward valuations are not prohibitive, but we prefer to reiterate our HOLD rating on the stock. Read the full article on Seeking AlphaSeeking Alpha • Sep 03
SoundHound: AI Spending Momentarily Sobering Up
Summary AI spending is under review, with many GenAI projects facing potential cancellation due to unsustainable ROI, impacting companies like SoundHound. SoundHound's strategic partnerships and acquisitions have driven significant growth, particularly in the automotive and digital ordering markets. Despite impressive growth and strategic acquisitions, near-term pressures and IT budget reallocations warrant a Hold rating for SoundHound. Valuations suggest cautious upside in 2024, with SoundHound expected to grow sales by 80-90%, but risks and challenges remain. Read the full article on Seeking AlphaAnalysis Article • Aug 20
News Flash: Analysts Just Made A Substantial Upgrade To Their SoundHound AI, Inc. (NASDAQ:SOUN) Forecasts
SoundHound AI, Inc. ( NASDAQ:SOUN ) shareholders will have a reason to smile today, with the analysts making...Analysis Article • Aug 10
Why Investors Shouldn't Be Surprised By SoundHound AI, Inc.'s (NASDAQ:SOUN) P/S
You may think that with a price-to-sales (or "P/S") ratio of 30.5x SoundHound AI, Inc. ( NASDAQ:SOUN ) is a stock to...Seeking Alpha • Aug 09
SoundHound AI: Not Impressed By Amelia Deal
Summary SoundHound AI reported unimpressive results with minimal revenues, despite the hype surrounding automotive and restaurant AI voice deals. The acquisition of Amelia raises concerns due to its low valuation, debt assumption, and potential limited growth, distracting from existing opportunities. The stock will still trade at 12x 2025 sales targets, while Amelia will cut organic growth rates. Read the full article on Seeking AlphaSeeking Alpha • Aug 02
The Voice AI Market Could Be Worth $100 Billion, Pay Up For SoundHound AI
Summary SoundHound AI is an intriguing stock that has been making waves as of late. The company is a frontrunner in the Voice AI market, with a valuable product platform that could transform a number of different industries. Growth has been strong, margins have been stable, and the company continues to win new business. Despite the expensive-looking valuation, the company's growth trajectory makes it an attractive long-term investment opportunity. We rate SOUN a 'Buy'. Read the full article on Seeking AlphaSeeking Alpha • Jul 11
SoundHound AI: Still Frothy
Summary SoundHound AI's stock bounced, seemingly due to its relationship with Stellantis expanding. Demand for AI solutions remains elevated, but SoundHound's organic growth is only modest. SoundHound's valuation is high, particularly given uncertainty about the company's long-term competitive positioning. Valuation is unlikely to matter while the AI bubble continues to inflate and SoundHound announces new deals. Read the full article on Seeking AlphaSeeking Alpha • Jul 01
SoundHound: A Strong, But Expensive AI Voice Play
Summary SoundHound AI focuses on the enterprise market with its conversational AI platform. The company is seeing strong revenue growth, but is also generating high losses. SoundHound AI has guided for positive adjusted EBITDA in FY 2025. Shares are not cheap, however, as they trade at 12.5X forward revenues. Read the full article on Seeking AlphaSeeking Alpha • Jun 23
SoundHound: The Valuation Is Not Sound
Summary Nvidia's investment in SoundHound caused a massive rally, and there are indeed some positives like strong revenue growth in relative terms and early trends suggesting robust operating leverage. On the other hand, if we add industry size to the conversation, it turns out that SOUN's footprint in the industry is almost invisible. The industry is expected to compound with a massive 30% CAGR over the next decade, but SOUN's tiny CAPEX spending suggests that there are almost no barriers to join competition. The multitude of risks and uncertainties outweigh the positives, rendering the current $1.3 billion market cap irrelevant. Read the full article on Seeking AlphaSeeking Alpha • Jun 01
Robust SaaS Growth At SoundHound AI, But Risky Customer Concentration
Summary SOUN continues to underperform the wider market, with the stock retesting its previous support levels and massively shorted, implying near-term volatility. While the SaaS company has reported robust top line and backlog growth, its profit margins have been impacted by the recent SYNQ3 acquisition. Readers must also note that two customers comprise 48% of its FQ1'24 top-line, with the high concentration being highly risky in the event of non-contract renewal. SOUN continues to trade at a notable premium compared to its peers as well, offering interested investors with a minimal margin of safety. Read the full article on Seeking AlphaShareholder Returns
| SOUN | US Software | US Market | |
|---|---|---|---|
| 7D | -11.8% | 0.2% | 1.5% |
| 1Y | -28.4% | -11.5% | 25.5% |
Return vs Industry: SOUN underperformed the US Software industry which returned -11.5% over the past year.
Return vs Market: SOUN underperformed the US Market which returned 25.5% over the past year.
Price Volatility
| SOUN volatility | |
|---|---|
| SOUN Average Weekly Movement | 11.5% |
| Software Industry Average Movement | 9.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.0% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: SOUN's share price has been volatile over the past 3 months compared to the US market.
Volatility Over Time: SOUN's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 954 | Keyvan Mohajer | www.soundhound.com |
SoundHound AI, Inc. provides independent voice artificial intelligence (AI) solutions that enables businesses across the automotive, TV, IoT, and customer service industries to deliver conversational experiences to customers in the United States, Korea, France, Japan, Germany, and internationally. The company offers Houndify platform, which provides a suite of Houndify tools to help brands build conversational voice assistants, such as Application Programming Interfaces (API) for text and voice queries, support for custom commands, extensive library of content domains, inclusive software development kit platforms, collaboration capabilities, diagnostic tools, and built-in analytics; SoundHound Chat AI, a voice assistant with integrated generative AI that integrates with knowledge domains, pulling real-time data, such as weather, sports, stocks, flight status, restaurants, and other data; and SoundHound Smart Answering, which offers customer establishments the option to build an easy to use custom AI-powered voice assistant. It also provides CaiNET software that uses machine learning to enhance how domains work together to handle complex queries; CaiLAN software that arbitrates responses, so users get answers from the right domain; Dynamic Interaction, a real-time multimodal customer service interface; Smart Ordering, which offers an easy-to-understand voice assistant for restaurants; automatic speech recognition; natural language understanding; wake words; custom domains; text-to-speech; Employee Assist; and edge and cloud connectivity, which includes embedded voice solutions.
SoundHound AI, Inc. Fundamentals Summary
| SOUN fundamental statistics | |
|---|---|
| Market cap | US$3.66b |
| Earnings (TTM) | -US$168.26m |
| Revenue (TTM) | US$183.99m |
19.0x
P/S Ratio-20.7x
P/E RatioIs SOUN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| SOUN income statement (TTM) | |
|---|---|
| Revenue | US$183.99m |
| Cost of Revenue | US$109.11m |
| Gross Profit | US$74.88m |
| Other Expenses | US$243.14m |
| Earnings | -US$168.26m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | -0.39 |
| Gross Margin | 40.70% |
| Net Profit Margin | -91.45% |
| Debt/Equity Ratio | 0% |
How did SOUN perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/12 22:59 |
| End of Day Share Price | 2026/05/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
SoundHound AI, Inc. is covered by 11 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brett Knoblauch | Cantor Fitzgerald & Co. |
| Thomas Blakey | Cantor Fitzgerald & Co. |
| Gil Luria | D.A. Davidson & Co. |