Soundhound AI
SOUN on Nasdaq. SoundHound sells voice AI software to businesses for products and customer service. Market value $3.6bn.
Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Technology stocks that passed both tests
This is not advice. Check the numbers below.
For every $100 of what the whole company costs, it produced $-5.20 of spare cash in the past 12 months. A savings account pays about $4.
The filings do not give us enough to work this out.
The filings do not give us enough to work this out.
Quality score: 40 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$5.88 a share, 4% above its 1-year low
Over the past year the price has ranged from $5.65 to $22.17.
Pays no dividend
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $21m | $31m | $46m | $85m | $169m |
| Operating margin | |||||
| Operating margin | -308.2% | -339.5% | -149.6% | -403.0% | -13.8% |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | 3.00 | 0.00 | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.02bn | 0.16bn | 0.23bn | 0.34bn | 0.41bn |
Health checks
- Free cash flow positive0 of 5 years
- Accounting checksSkipped: company is not yet profitable
- DebtUnknown
- Revenue growth, five yearsStrong, 68.0% a year
- Buying back its own sharesNo, 2245% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $62 million last quarter, up 45% on a year ago.
- A loss of $43 million, compared with a loss of $75 million a year ago.
- It loses 69 cents on each $1 of sales, compared with 183 cents a year earlier.
- 9% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $25m |
| December 2024 | $35m |
| March 2025 | $29m |
| June 2025 | $43m |
| September 2025 | $42m |
| December 2025 | $55m |
| March 2026 | $44m |
| June 2026 | $62m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$22m |
| December 2024 | -$259m |
| March 2025 | $130m |
| June 2025 | -$75m |
| September 2025 | -$109m |
| December 2025 | $40m |
| March 2026 | -$25m |
| June 2026 | -$43m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 2 March 2026
- Next quarterly (estimated, 10-Q)
- 9 November 2026
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 443 funds in all.
- First Manhattan Co.First Manhattan partners
- Value
- $785,193
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| First Manhattan Co.First Manhattan partners | $785,193 | <0.1% |
Largest holders overall
- BlackRock$220mAdded
- Vanguard Portfolio Management$167m
- Vanguard Capital Management$117mAdded
- Geode Capital Management$67mAdded
- State Street$65mAdded
- UBS Group AG$47mCut
- Bank of America$47mAdded
- Morgan Stanley$42mCut
- Charles Schwab Investment Management$23mAdded
- Northern Trust$22mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
3 investors own more than 5%.
- BlackRock, Inc.Passive investor8.3%Since 30 June 2026
- Vanguard Portfolio ManagementPassive investor6.6%Since 31 March 2026
- Vanguard Capital ManagementPassive investor5.2%Since 31 March 2026
- BANK OF AMERICA CORP /DE/Passive investorSold down below 5%Since 30 September 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
BlackRock, Inc. Passive investor | 8.3% | 30 June 2026 | |
Vanguard Portfolio Management Passive investor | 6.6% | 31 March 2026 | |
Vanguard Capital Management Passive investor | 5.2% | 31 March 2026 | |
BANK OF AMERICA CORP /DE/ Passive investor | Sold down below 5% | 30 September 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 7 sold $17m, $8m of it under preset trading plans.
- SROKA DIANADirectorSold
- Date
- 17 September 2026
- Shares
- 1,552
- Price
- $6.11
- Value
- $9,483
- ZAGORSEK MICHAELChief Operating OfficerSold
- Date
- 15 September 2026
- Shares
- 71,113
- Price
- $6.33
- Value
- $450,046
- HOM JAMES MINGChief Product Officer, DirectorSold
- Date
- 15 September 2026
- Shares
- 38,730
- Price
- $6.33
- Value
- $245,107
- EMAMI MAJIDCSO & SVP, EngineeringSold
- Date
- 15 September 2026
- Shares
- 38,730
- Price
- $6.33
- Value
- $245,107
- MOHAJER KEYVANCEO, DirectorSold
- Date
- 15 September 2026
- Shares
- 137,290
- Price
- $6.33
- Value
- $868,853
- SROKA DIANADirectorSoldunder a preset trading plan
- Date
- 27 August 2026
- Shares
- 1,343
- Price
- $7.15
- Value
- $9,602
- ZAGORSEK MICHAELChief Operating OfficerSold
- Date
- 15 June 2026
- Shares
- 64,994
- Price
- $7.46
- Value
- $484,855
- STONEHOCKER TIMOTHYChief Technology OfficerSold
- Date
- 15 June 2026
- Shares
- 18,802
- Price
- $7.46
- Value
- $140,263
- HOM JAMES MINGChief Product Officer, DirectorSold
- Date
- 15 June 2026
- Shares
- 28,843
- Price
- $7.46
- Value
- $215,169
- EMAMI MAJIDCSO & SVP, EngineeringSold
- Date
- 15 June 2026
- Shares
- 28,843
- Price
- $7.46
- Value
- $215,169
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 17 September 2026 | SROKA DIANA Director | Sold | 1,552 | $6.11 | $9,483 |
| 15 September 2026 | ZAGORSEK MICHAEL Chief Operating Officer | Sold | 71,113 | $6.33 | $450,046 |
| 15 September 2026 | HOM JAMES MING Chief Product Officer, Director | Sold | 38,730 | $6.33 | $245,107 |
| 15 September 2026 | EMAMI MAJID CSO & SVP, Engineering | Sold | 38,730 | $6.33 | $245,107 |
| 15 September 2026 | MOHAJER KEYVAN CEO, Director | Sold | 137,290 | $6.33 | $868,853 |
| 27 August 2026 | SROKA DIANA Director | Sold under a preset trading plan | 1,343 | $7.15 | $9,602 |
| 15 June 2026 | ZAGORSEK MICHAEL Chief Operating Officer | Sold | 64,994 | $7.46 | $484,855 |
| 15 June 2026 | STONEHOCKER TIMOTHY Chief Technology Officer | Sold | 18,802 | $7.46 | $140,263 |
| 15 June 2026 | HOM JAMES MING Chief Product Officer, Director | Sold | 28,843 | $7.46 | $215,169 |
| 15 June 2026 | EMAMI MAJID CSO & SVP, Engineering | Sold | 28,843 | $7.46 | $215,169 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.