SoundHound Quarterly Balance Sheets Chart
Quarterly
|
Annual
SoundHound Quarterly Balance Sheets Table
Quarterly
|
Annual
| Unit: USD | 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 | 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 | 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 | 21,928,000 | 21,419,000 | |||||||||||||||
| other current assets | 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 | 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 | 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 | 4,420,000 | 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 | 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 | 101,210,000 | 101,210,000 | 101,704,000 | 111,730,000 | 6,039,000 | 5,760,000 | |||||||||||
| intangible assets | 159,880,000 | 167,446,000 | 174,943,000 | 182,579,000 | 13,147,000 | 11,580,000 | |||||||||||
| deferred tax asset | 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 | 23,631,000 | 12,270,000 | |||||||||||||||
| other non-current assets | 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 | 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 | 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 | 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 | 2,076,000 | 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 | 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 | 2,966,000 | 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 | 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 | ||||
| other current liabilities | 351,000 | 3,978,000 | 7,319,000 | 5,142,000 | 968,000 | ||||||||||||
| total current liabilities | 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 | 2,274,000 | 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 | 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 | 142,113,000 | 113,147,000 | 286,898,000 | 74,450,000 | 4,410,000 | 6,819,000 | |||||||||||
| income tax liability, net of current portion | 3,082,000 | 3,115,000 | 3,075,000 | 5,004,000 | 2,275,000 | 2,315,000 | |||||||||||
| other non-current liabilities | 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 | 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 june 30, 2025 and december 31, 2024, respectively | |||||||||||||||||
| class a common stock | 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 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | ||||
| additional paid-in capital | 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 | -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 | 178,000 | 211,000 | 205,000 | 262,000 | 205,000 | 235,000 | 199,000 | 197,000 | 29,000 | ||||||||
| total stockholders’ equity | 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 | 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 — 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 |
We provide you with 20 years of balance sheets for SoundHound stock, allowing you to gain comprehensive visibility into the fundamentals of the company. Our detailed breakdowns include key financial metrics such as asset and liabilities, payables and receivables, long debts and short debts, cash and inventories, expenses and profits. This in-depth information is essential for making informed investment decisions and understanding the financial health and performance of SoundHound. Explore the full financial landscape of SoundHound stock with our expertly curated balance sheets.
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