7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 
      
    		                  
      assets
    		                  
      current assets:
    		                  
      cash and cash equivalents
    		268,936,000 230,340,000 245,809,000 198,240,000 135,606,000 200,156,000 211,744,000 95,260,000 96,146,000 115,764,000 46,331,000 9,245,000 33,412,000 65,010,000     
      accounts receivable
    		22,417,000 19,661,000 20,177,000 23,159,000 13,570,000 5,059,000 6,849,000 4,050,000 3,376,000 3,532,000 2,660,000 3,414,000 2,789,000 1,015,000     
      contract assets and unbilled receivable
    		32,178,000 21,928,000 21,419,000                
      other current assets
    		11,835,000 10,093,000 7,646,000 7,476,000 7,394,000 3,949,000 3,340,000 1,528,000 1,353,000 1,371,000 1,069,000 859,000 861,000 927,000     
      total current assets
    		335,366,000 282,022,000 295,051,000 255,520,000 181,209,000 224,056,000 234,037,000 113,542,000 109,373,000 126,941,000 53,257,000 17,703,000 42,365,000 71,759,000 96,695 763,130 950,513 1,129,408 
      restricted cash equivalents, non-current
    		936,000 936,000 676,000 676,000 811,000 811,000 14,356,000 13,775,000 13,775,000 13,775,000 230,000 230,000 230,000 230,000     
      right-of-use assets
    		4,412,000 4,420,000 5,059,000 4,692,000 3,860,000 4,303,000 4,546,000 5,210,000 5,861,000 6,502,000 7,393,000 8,119,000 8,833,000 9,535,000     
      property and equipment
    		2,726,000 1,070,000 1,053,000 1,239,000 1,541,000 1,296,000 1,348,000 1,515,000 1,828,000 2,329,000 2,754,000 3,447,000 4,146,000 4,868,000     
      goodwill
    		122,277,000 101,210,000 101,210,000 101,704,000 111,730,000 6,039,000 5,760,000            
      intangible assets
    		191,066,000 159,880,000 167,446,000 174,943,000 182,579,000 13,147,000 11,580,000            
      deferred tax asset
    		4,000 4,000 5,000 4,000 30,000 10,000 10,000 11,000 55,000 55,000 55,000 55,000 2,169,000 2,169,000     
      contract assets and unbilled receivable, non-current
    		29,163,000 23,631,000 12,270,000                
      other non-current assets
    		16,267,000 6,321,000 4,766,000 2,296,000 3,298,000 1,494,000 686,000 577,000 558,000 885,000 2,074,000 1,656,000       
      total assets
    		702,217,000 579,494,000 587,536,000 553,953,000 499,654,000 266,674,000 287,429,000 151,122,000 144,010,000 157,578,000 72,803,000 38,251,000 63,841,000 89,803,000 133,119,135 133,770,360 133,954,391 134,129,933 
      liabilities and stockholders’ equity
    		                  
      current liabilities:
    		                  
      accounts payable
    		6,864,000 10,151,000 6,720,000 5,559,000 17,758,000 4,255,000 2,997,000 1,653,000 2,163,000 1,895,000 2,542,000 2,798,000 2,894,000 5,348,000     
      accrued liabilities
    		28,141,000 18,993,000 18,076,000 26,291,000 22,599,000 13,147,000 15,341,000 13,884,000 11,012,000 16,381,000 12,306,000 7,462,000 7,242,000 5,939,000 503,071    
      operating lease liabilities
    		2,012,000 2,076,000 2,064,000 1,898,000 1,832,000 2,285,000 2,791,000 2,637,000 2,740,000 2,881,000 3,157,000 3,282,000 3,281,000 3,299,000     
      finance lease liabilities
    		327,000 38,000 40,000 49,000 74,000 63,000 93,000 121,000 138,000 154,000 147,000 160,000 179,000      
      income tax liability
    		2,438,000 2,966,000 2,264,000 2,750,000 2,677,000 1,888,000 1,630,000 1,618,000 1,105,000 1,080,000 1,213,000 1,314,000 2,858,000 2,829,000     
      deferred revenue
    		20,702,000 23,715,000 26,888,000 23,876,000 20,096,000 2,931,000 3,631,000 4,310,000 4,250,000 4,612,000 5,319,000 5,812,000 5,312,000 6,174,000     
      contingent acquisition liabilities
    		3,400,000 142,113,000 113,147,000 286,898,000 74,450,000 4,410,000 6,819,000            
      other current liabilities
    		1,248,000 351,000 3,978,000 7,319,000 5,142,000 968,000             
      total current liabilities
    		65,132,000 58,290,000 60,030,000 67,742,000 70,178,000 25,537,000 26,483,000 24,223,000 21,408,000 27,003,000 41,512,000 37,496,000 38,299,000 40,880,000 503,071 126,019 83,918 111,912 
      operating lease liabilities, net of current portion
    		2,482,000 2,274,000 2,526,000 2,403,000 2,241,000 2,175,000 2,065,000 3,089,000 3,663,000 4,356,000 5,045,000 5,715,000 6,236,000 7,124,000     
      deferred revenue, net of current portion
    		7,748,000 6,132,000 7,517,000 6,862,000 7,570,000 3,766,000 4,087,000 4,910,000 3,573,000 4,118,000 5,433,000 7,543,000 8,874,000 9,465,000     
      contingent acquisition liabilities, net of current portion
    		214,858,000                  
      income tax liability, net of current portion
    		3,124,000 3,082,000 3,115,000 3,075,000 5,004,000 2,275,000 2,315,000            
      other non-current liabilities
    		9,637,000 7,844,000 4,208,000 4,320,000 4,530,000 4,570,000 4,638,000 6,420,000 6,092,000 16,824,000 4,294,000 4,295,000       
      total liabilities
    		302,981,000 219,735,000 190,543,000 371,300,000 203,667,000 42,733,000 131,950,000 122,954,000 118,078,000 118,789,000 70,421,000 73,476,000 78,218,000 85,147,000 657,839 287,378 280,334 385,336 
      commitments and contingencies
    		                  
      stockholders’ equity:
    		                  
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 0 and 0 shares issued and outstanding, aggregate liquidation preference of 0 and 0 as of september 30, 2025 and december 31, 2024, respectively
    		                  
      class a common stock
    		37,000 36,000 36,000 35,000 33,000 31,000 29,000 22,000 21,000 20,000 18,000 16,000 16,000 16,000     
      class b common stock
    		3,000 3,000 3,000 3,000 3,000 3,000 3,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000     
      additional paid-in capital
    		1,396,094,000 1,247,394,000 1,209,871,000 1,125,470,000 980,150,000 886,412,000 778,503,000 606,135,000 585,699,000 564,197,000 505,889,000 466,857,000 457,025,000 447,136,000     
      accumulated deficit
    		-997,123,000 -887,852,000 -813,128,000 -943,060,000 -684,461,000 -662,710,000 -625,388,000 -592,379,000 -574,376,000 -550,403,000 -528,471,000 -502,102,000 -471,422,000 -442,500,000 -1,368,050 -346,364  -84,749 
      accumulated other comprehensive income
    		225,000 178,000 211,000 205,000 262,000 205,000 235,000 199,000 197,000 29,000         
      total stockholders’ equity
    		399,236,000 359,759,000 396,993,000 182,653,000 295,987,000 223,941,000 155,479,000 28,168,000 25,932,000 38,789,000 2,382,000   4,656,000  475,752 670,179 5,000,007 
      total liabilities and stockholders’ equity
    		702,217,000 579,494,000 587,536,000 553,953,000 499,654,000 266,674,000 287,429,000 151,122,000 144,010,000 157,578,000 72,803,000     133,770,360 133,954,391 134,129,933 
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 0 and 0 shares issued and outstanding, aggregate liquidation preference of 0 and 0 as of june 30, 2025 and december 31, 2024, respectively
    		                  
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 0 and 0 shares issued and outstanding, aggregate liquidation preference of — and — as of march 31, 2025 and december 31, 2024, respectively
    		                  
      contract assets and unbilled revenue
    		   26,645,000    11,780,000           
      contract assets and unbilled revenue, non-current
    		   12,879,000    16,492,000           
      long-term debt
    		    39,694,000  85,543,000  83,308,000 66,428,000         
      stockholders’ equity
    		                  
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 0 and 475,005 shares issued and outstanding, aggregate liquidation preference of — and 16,227 as of december 31, 2024 and december 31, 2023, respectively
    		                  
      contract assets and unbilled receivable, net of allowance for credit losses of 118 and 17 of september 30, 2024 and december 31, 2023, respectively
    		    24,639,000              
      contract assets and unbilled receivable, non-current, net of allowance for credit losses of 195 and 177 of september 30, 2024 and december 31, 2023, respectively
    		    14,596,000              
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 0 and 475,005 shares issued and outstanding, aggregate liquidation preference of 0 and 16,227 as of september 30, 2024 and december 31, 2023, respectively
    		                  
      contract assets and unbilled receivable, net of allowance for credit losses of 108 and 17 of june 30, 2024 and december 31, 2023, respectively
    		     14,892,000             
      contract assets and unbilled receivable, non-current, net of allowance for credit losses of 171 and 177 of june 30, 2024 and december 31, 2023, respectively
    		     15,518,000             
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 0 and 475,005 shares issued and outstanding, aggregate liquidation preference of 0 and 16,227 as of june 30, 2024 and december 31, 2023, respectively
    		                  
      contract assets and unbilled receivable, net of allowance for credit losses of 101 and 17 of march 31, 2024 and december 31, 2023, respectively
    		      12,104,000            
      contract assets and unbilled receivable, non-current, net of allowance for credit losses of 176 and 177 of march 31, 2024 and december 31, 2023, respectively
    		      15,106,000            
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 70,241 and 475,005 shares issued and outstanding, aggregate liquidation preference of 2,481 and 16,227 as of march 31, 2024 and december 31, 2023, respectively
    		      2,097,000            
      prepaid expenses
    		       924,000 2,359,000 2,573,000 1,651,000 2,514,000 3,774,000 4,685,000 78,566 134,478 147,007 165,713 
      notes payable
    		          16,828,000 16,668,000 16,533,000 16,930,000     
      notes payable, net of current portion
    		       84,312,000   14,035,000 18,299,000 22,508,000 26,126,000     
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 475,005 and 0 shares issued and outstanding, aggregate liquidation preference of 16,227 and — as of december 31, 2023 and december 31, 2022, respectively
    		       14,187,000           
      contract assets
    		        6,139,000 3,701,000 1,546,000 1,671,000 1,407,000      
      contract assets, non-current
    		        12,560,000 7,091,000 7,040,000 7,041,000 4,823,000      
      current portion of long-term debt
    		                  
      finance lease liabilities, net of current portion
    		        34,000 60,000 102,000 128,000       
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 481,673 and 0 shares issued and outstanding, aggregate liquidation preference of 15,898 and 0 as of september 30, 2023 and december 31, 2022, respectively
    		        14,387,000          
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 835,011 and 0 shares issued and outstanding, aggregate liquidation preference of 25,050 and 0 as of june 30, 2023 and december 31, 2022, respectively
    		         24,942,000         
      series a preferred stock, 0.0001 par value; 1,000,000 shares authorized; 835,011 and 0 shares issued and outstanding, aggregate liquidation preference of 25,050 and 0 as of march 31, 2023 and december 31, 2022, respectively
    		          24,942,000        
      restricted cash equivalents
    		                  
      liabilities, redeemable convertible preferred stock, and stockholders’ deficit
    		                  
      convertible note
    		                  
      derivative liability
    		                  
      legacy soundhound redeemable convertible preferred stock; 0.0001 par value; 0 and 146,218,514 shares authorized; 0 and 106,949,326 shares issued and outstanding, liquidation preference of 0 and 284,826 as of december 31, 2022 and 2021, respectively
    		                  
      stockholders’ deficit:
    		                  
      legacy soundhound common stock, 0.0001 par value; 250,030,433 shares authorized; 0 and 68,258,556 shares issued and outstanding as of december 31, 2022 and 2021, respectively
    		                  
      total stockholders’ deficit
    		           -35,225,000 -14,377,000  -561,144    
      total liabilities, redeemable convertible preferred stock, and stockholders’ deficit
    		           38,251,000 63,841,000      
      debt issuance cost
    		            122,000 122,000     
      deferred offering costs
    		                  
      other assets
    		            1,071,000 1,007,000     
      financing lease liabilities, net of current portion
    		            168,000 214,000     
      other liabilities
    		            2,133,000 1,338,000     
      legacy soundhound redeemable convertible preferred stock; 0.0001 par value; 0 and 146,218,514 shares authorized; 0 and 106,949,326 shares issued and outstanding, liquidation preference of 0 and 284,826 as of september 30, 2022 and december 31, 2021, respectively
    		                  
      legacy soundhound common stock, 0.0001 par value; 250,030,433 shares authorized; 0 and 68,258,556 shares issued and outstanding as of september 30, 2022 and december 31, 2021, respectively
    		                  
      liabilities, redeemable convertible preferred stock, and stockholders’ equity
    		                  
      financing lease liabilities
    		             361,000     
      legacy soundhound redeemable convertible preferred stock; 0.0001 par value; 0 and 146,218,514 shares authorized; 0 and 106,949,326 shares issued and outstanding, liquidation preference of 0 and 284,826 as of june 30, 2022 and december 31, 2021, respectively
    		                  
      legacy soundhound common stock, 0.0001 par value; 250,030,433 shares authorized; 0 and 68,258,556 shares issued and outstanding as of june 30, 2022 and december 31, 2021, respectively
    		                  
      total liabilities, redeemable convertible preferred stock, and stockholders’ equity
    		             89,803,000     
      current assets
    		                  
      cash and cash equivalent
    		              18,129 628,652 803,506 963,695 
      marketable securities held in trust account
    		              133,022,440 133,007,230 133,003,878 133,000,525 
      liabilities and stockholders’ deficit
    		                  
      current liabilities
    		                  
      due to related party
    		                10,000 7,097 
      warrant liability
    		              154,768 161,359 196,416 273,424 
      common stock subject to possible redemption, 13,300,000 shares at redemption value as of march 31, 2022 and december 31, 2021
    		              133,022,440    
      preferred stock, 0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
    		                  
      common stock
    		              416 416 416 459 
      additional paid-in-capital
    		              806,490 821,700 825,052 5,084,297 
      total liabilities and stockholders’ deficit
    		              133,119,135    
      accrued offering costs and expenses
    		               126,019 73,918 104,815 
      common stock subject to possible redemption, 13,300,000 shares and 0 shares at redemption value as of september 30, 2021 and december 31, 2020, respectively
    		               133,007,230   
      common stock subject to possible redemption, 13,300,000 shares and 0 shares at redemption value as of june 30, 2021 and december 31, 2020, respectively
    		                133,003,878  
      retained earnings
    		                -155,289  
      common stock subject to possible redemption, 12,874,459 shares and 0 shares at redemption value as of march 31, 2021 and december 31, 2020, respectively
    		                 128,744,590 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.