SoundHound AI (SOUN)
Market Price (2/23/2026): $7.85 | Market Cap: $3.2 BilSector: Information Technology | Industry: Application Software
SoundHound AI (SOUN)
Market Price (2/23/2026): $7.85Market Cap: $3.2 BilSector: Information TechnologyIndustry: Application Software
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 121% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -180 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -122% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -56% | Expensive valuation multiplesP/SPrice/Sales ratio is 22x |
| Megatrend and thematic driversMegatrends include Artificial Intelligence. Themes include AI Software Platforms, and Edge AI. | Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 48% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -74%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -75% | |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14% | |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 30% | |
| Key risksSOUN key risks include [1] a history of significant financial losses with an uncertain path to profitability, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 121% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -56% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence. Themes include AI Software Platforms, and Edge AI. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -180 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -122% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 22x |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 48% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -74%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -75% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -14% |
| Significant short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 30% |
| Key risksSOUN key risks include [1] a history of significant financial losses with an uncertain path to profitability, Show more. |
Qualitative Assessment
AI Analysis | Feedback
SoundHound AI (SOUN) stock has lost about 55% since 10/31/2025 because of the following key factors:
1. Persistent Unprofitability and High Cash Burn.
SoundHound AI has continued to report substantial losses, with its profitability not showing signs of improvement in the near term despite aggressive growth strategies. The company burned $76.336 million in the first nine months of 2025, a figure nearly identical to the same period in 2024, raising investor concerns about the sustainability of its business model. Management indicated "near breakeven" profitability in early 2026 but qualified this with continued investments in AI, suggesting that profitability is not an immediate priority. This significant cash burn and lack of clear path to profitability have contributed to investor skepticism.
2. Premium Valuation Amidst Decelerating Growth Forecasts.
Despite its losses, SoundHound AI maintained a premium valuation, trading at a forward price-to-sales ratio of approximately 21, comparable to highly profitable companies like Nvidia. In October 2025, InvestingPro's Fair Value model flagged the stock as significantly overvalued. This high valuation became a concern as analysts began to forecast a notable slowdown in revenue growth for 2026, with estimates indicating a 28.9% increase, a significant deceleration from the nearly 50% growth rates seen in prior years and the anticipated high growth for 2024 and 2025. This projected deceleration in growth, coupled with a lofty valuation, created valuation pushback from investors.
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1. Persistent Unprofitability and High Cash Burn.
SoundHound AI has continued to report substantial losses, with its profitability not showing signs of improvement in the near term despite aggressive growth strategies. The company burned $76.336 million in the first nine months of 2025, a figure nearly identical to the same period in 2024, raising investor concerns about the sustainability of its business model. Management indicated "near breakeven" profitability in early 2026 but qualified this with continued investments in AI, suggesting that profitability is not an immediate priority. This significant cash burn and lack of clear path to profitability have contributed to investor skepticism.
2. Premium Valuation Amidst Decelerating Growth Forecasts.
Despite its losses, SoundHound AI maintained a premium valuation, trading at a forward price-to-sales ratio of approximately 21, comparable to highly profitable companies like Nvidia. In October 2025, InvestingPro's Fair Value model flagged the stock as significantly overvalued. This high valuation became a concern as analysts began to forecast a notable slowdown in revenue growth for 2026, with estimates indicating a 28.9% increase, a significant deceleration from the nearly 50% growth rates seen in prior years and the anticipated high growth for 2024 and 2025. This projected deceleration in growth, coupled with a lofty valuation, created valuation pushback from investors.
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Stock Movement Drivers
Fundamental Drivers
The -55.6% change in SOUN stock from 10/31/2025 to 2/22/2026 was primarily driven by a -59.7% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.62 | 7.82 | -55.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 131 | 148 | 12.9% |
| P/S Multiple | 53.6 | 21.6 | -59.7% |
| Shares Outstanding (Mil) | 400 | 410 | -2.4% |
| Cumulative Contribution | -55.6% |
Market Drivers
10/31/2025 to 2/22/2026| Return | Correlation | |
|---|---|---|
| SOUN | -55.6% | |
| Market (SPY) | 1.1% | 62.7% |
| Sector (XLK) | -6.3% | 64.8% |
Fundamental Drivers
The -24.3% change in SOUN stock from 7/31/2025 to 2/22/2026 was primarily driven by a -48.4% change in the company's P/S Multiple.| (LTM values as of) | 7312025 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.33 | 7.82 | -24.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 102 | 148 | 45.2% |
| P/S Multiple | 41.8 | 21.6 | -48.4% |
| Shares Outstanding (Mil) | 414 | 410 | 1.1% |
| Cumulative Contribution | -24.3% |
Market Drivers
7/31/2025 to 2/22/2026| Return | Correlation | |
|---|---|---|
| SOUN | -24.3% | |
| Market (SPY) | 9.4% | 46.3% |
| Sector (XLK) | 7.4% | 46.4% |
Fundamental Drivers
The -44.7% change in SOUN stock from 1/31/2025 to 2/22/2026 was primarily driven by a -71.5% change in the company's P/S Multiple.| (LTM values as of) | 1312025 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 14.15 | 7.82 | -44.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 67 | 148 | 120.5% |
| P/S Multiple | 75.8 | 21.6 | -71.5% |
| Shares Outstanding (Mil) | 360 | 410 | -12.1% |
| Cumulative Contribution | -44.7% |
Market Drivers
1/31/2025 to 2/22/2026| Return | Correlation | |
|---|---|---|
| SOUN | -44.7% | |
| Market (SPY) | 15.6% | 56.9% |
| Sector (XLK) | 22.6% | 58.2% |
Fundamental Drivers
The 293.0% change in SOUN stock from 1/31/2023 to 2/22/2026 was primarily driven by a 0.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312023 | 2222026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.99 | 7.82 | 293.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | � | 148 | 0.0% |
| P/S Multiple | � | 21.6 | 0.0% |
| Shares Outstanding (Mil) | 68 | 410 | -83.5% |
| Cumulative Contribution | 0.0% |
Market Drivers
1/31/2023 to 2/22/2026| Return | Correlation | |
|---|---|---|
| SOUN | 293.0% | |
| Market (SPY) | 75.9% | 35.0% |
| Sector (XLK) | 111.5% | 32.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| SOUN Return | - | -76% | 20% | 836% | -50% | -21% | 4% |
| Peers Return | -32% | -72% | 2% | -25% | -17% | -17% | -90% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 0% | 83% |
Monthly Win Rates [3] | |||||||
| SOUN Win Rate | - | 44% | 50% | 50% | 50% | 0% | |
| Peers Win Rate | 45% | 23% | 52% | 45% | 42% | 20% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| SOUN Max Drawdown | - | -87% | -42% | -23% | -64% | -27% | |
| Peers Max Drawdown | -37% | -79% | -31% | -58% | -46% | -23% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: CRNC, LPSN, TWLO, FIVN, RNG.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/20/2026 (YTD)
How Low Can It Go
| Event | SOUN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -93.6% | -25.4% |
| % Gain to Breakeven | 1451.2% | 34.1% |
| Time to Breakeven | 715 days | 464 days |
Compare to CRNC, LPSN, TWLO, FIVN, RNG
In The Past
SoundHound AI's stock fell -93.6% during the 2022 Inflation Shock from a high on 5/5/2022. A -93.6% loss requires a 1451.2% gain to breakeven.
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About SoundHound AI (SOUN)
SoundHound AI, Inc. develops independent voice artificial intelligence (AI) platform that enables businesses across industries to deliver high-quality conversational experiences to their customers. Its products include Houndify platform that offers a suite of Houndify tools to help brands build conversational voice assistants, such as automatic speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions The company is headquartered in Santa Clara, California.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe SoundHound AI (SOUN):
- The Nuance Communications of the modern AI era, specializing in custom voice assistants and sound recognition.
- Like Twilio, but for voice AI, providing developers and companies with tools to build their own custom voice experiences.
- The 'Intel Inside' for custom voice assistants, powering branded voice experiences in cars, smart devices, and customer service.
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- Houndify Voice AI Platform: A comprehensive platform enabling businesses to integrate custom voice assistants and conversational AI into their products and services.
- SoundHound Chat AI: A sophisticated conversational AI solution designed to provide natural and intuitive voice interactions across various applications and domains.
- Smart Answering: An AI-powered service that handles customer inquiries and provides automated responses for businesses, improving call center efficiency.
- Dynamic Interaction (Automotive Voice AI): Voice AI solutions specifically tailored for in-car experiences, allowing natural language control of vehicle features and infotainment systems.
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SoundHound AI (SOUN) primarily operates a **Business-to-Business (B2B)** model, selling its voice AI technology to other companies for integration into their products and services. Here are some of SoundHound AI's major customers and partners:- Hyundai Motor Company (OTCPK: HYMTF) and its affiliate Kia Corporation (OTCPK: KIAMY) - integrating SoundHound's voice AI for in-car voice assistants across various vehicle models.
- Stellantis N.V. (NYSE: STLA) - deploying SoundHound's voice AI technology for conversational AI experiences in vehicles across its diverse brand portfolio (e.g., Jeep, Ram, Peugeot, Fiat, Chrysler, Dodge).
- Mercedes-Benz Group AG (OTCPK: MBGAF) - utilizing SoundHound's AI within the Mercedes-Benz User Experience (MBUX) voice assistant in select vehicles.
- White Castle (private company) - implementing SoundHound's voice AI for its automated drive-thru ordering system.
- Block Inc. (NYSE: SQ) (through its Square platform) - partnering to integrate voice AI solutions for restaurants using Square's point-of-sale systems.
- Olo Inc. (NYSE: OLO) - collaborating to embed voice AI ordering capabilities into digital ordering platforms for restaurants.
- Toast, Inc. (NYSE: TOST) - partnering to integrate SoundHound's voice AI into Toast's restaurant point-of-sale and ordering ecosystems.
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- Alphabet (Google Cloud) (GOOGL)
- NVIDIA (NVDA)
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Keyvan Mohajer, Co-Founder & Chief Executive Officer
Keyvan Mohajer is the Co-Founder and CEO of SoundHound AI, a company specializing in voice AI technology. He co-founded the company in 2004, originally named Melodis, which first developed the music recognition app midomi before pivoting to conversational AI. Dr. Mohajer has a strong academic background, holding a Bachelor of Applied Science (BASC) in Engineering Science from the University of Toronto and a PhD in Electrical Engineering from Stanford University. He previously served as CTO of InsuranceHotline.com from 1999 to 2004 and was the Founder & CTO of Zumo Software from 2000 to 2004. He is a key contributor to SoundHound's core technologies, holding over 90 patents.
Nitesh Sharan, Chief Financial Officer
Nitesh Sharan is the Chief Financial Officer of SoundHound AI. He joined SoundHound AI as its first CFO, having previously held significant finance roles at large corporations. Prior to SoundHound, he was CFO at Nike and served as Vice President and Assistant Treasurer at Hewlett Packard Enterprise. His career began in consulting, followed by several years at Hewlett Packard. Sharan played a key role in SoundHound AI going public in 2022.
Majid Emami, Co-Founder & Chief Science Officer & Senior Vice President Engineering
Majid Emami is a Co-Founder of SoundHound AI and serves as Chief Science Officer and Senior Vice President of Engineering. He is a visionary leader in technology R&D for speech recognition and machine learning and holds 16 patents related to voice AI technology. Emami earned his PhD in Electrical Engineering from Stanford University.
James Hom, Co-Founder & Chief Product Officer
James Hom is a Co-Founder of SoundHound AI and currently holds the position of Chief Product Officer. In this role, he leads all product development and advancement for the SoundHound AI platform, SoundHound Services, and multiple B2C products. He earned his Bachelor's Degree in Computer Science from Stanford University.
Michael Zagorsek, Chief Operating Officer
Michael Zagorsek is the Chief Operating Officer (COO) of SoundHound AI. As COO, he leads company operations and marketing efforts, focusing on technology growth and marketing innovative forms of human/computer interaction. He earned his Master's in International Management, Marketing from the University of Bradford.
AI Analysis | Feedback
Here are the key risks to SoundHound AI's business:- Significant Financial Losses and Uncertain Path to Profitability: SoundHound AI has consistently reported substantial net losses and negative operating cash flows since its inception, with projections for this trend to continue. The company's costs and expenses significantly outweigh its revenue, raising concerns about its ability to achieve profitability despite revenue growth. This financial strain may necessitate additional capital, potentially leading to further dilution for existing shareholders.
- Intense Competition and Limited Competitive Moat: SoundHound AI operates in a highly competitive and rapidly evolving voice AI market. It faces significant challenges from well-established large technology companies such as Google, Amazon, Apple, and Nvidia, as well as numerous specialized startups. This intense competition can lead to commoditization of voice AI solutions, potentially eroding SoundHound's pricing power and making it difficult to maintain a strong, defensible competitive advantage.
- Execution Risks and Internal Control Weaknesses: The company's ability to execute its business strategy and grow into its current valuations is a significant risk. SoundHound AI has faced issues such as delays in filing annual financial reports, attributed to complexities in integrating recent acquisitions like SYNQ3 and Amelia. Furthermore, material weaknesses in internal controls over financial reporting have been identified, which could compromise the accuracy and reliability of its financial statements, potentially leading to regulatory scrutiny, penalties, and a decline in investor trust.
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The rapid advancement and widespread adoption of large language models (LLMs) and other generative AI technologies pose a clear emerging threat. These powerful AI models are increasingly capable of understanding and generating human-like language, performing complex natural language processing, and integrating multimodal capabilities, including voice. As LLMs become more sophisticated and accessible, they could commoditize core components of SoundHound's specialized voice AI technology stack, making it easier and potentially more cost-effective for competitors (including larger tech companies and SoundHound's own potential clients) to develop or integrate highly capable conversational AI solutions without relying on SoundHound's proprietary platform. This shift could erode SoundHound's competitive differentiation and pricing power in the voice AI market.
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SoundHound AI (SOUN) operates in several significant addressable markets for its main products and services, primarily focused on voice artificial intelligence (AI) and conversational AI solutions. The total addressable market (TAM) for SoundHound AI's voice AI solutions is estimated to be $140 billion globally. The company's offerings are utilized across diverse sectors, including automotive, restaurants, and customer service. Specific market segments include:- In-car voice commerce: The annual opportunity in the automotive sector for in-car voice commerce is estimated at $35 billion globally.
- Smart answering services for SMBs: SoundHound's smart answering services for small and medium-sized businesses (SMBs) represent a $30 million market in North America.
- Agentic AI: The broader agentic AI market, which SoundHound AI is expanding into, is projected to reach $93.2 billion by 2032, growing from $7.06 billion in 2025 at a compound annual growth rate (CAGR) of 44.6%. This is a global market projection.
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SoundHound AI (SOUN) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Expansion into New Markets and Verticals: SoundHound AI is actively diversifying its market reach both geographically and across industries. The company has made significant strides in expanding its presence in international markets, including a deal with a large Chinese company to integrate SoundHound Chat AI into millions of smart devices and an enhanced presence in the Indian market. Beyond its traditional automotive sector, SoundHound AI is expanding into new verticals such as financial services, healthcare, retail, energy, and restaurants, leading to increased industry diversification.
- Increased Adoption of Enterprise AI and Conversational AI Solutions: SoundHound AI is benefiting from the booming global adoption of enterprise AI. The company is strengthening its position by expanding its AI agent customer service offerings to a growing number of brands, including new Fortune 100 clients, and enhancing its Amelia 7 platform features. This focus on enterprise-grade conversational AI solutions is a significant driver of future revenue.
- Growth of Recently Launched Products and Technological Differentiation: The company is leveraging its technological differentiation and innovative product suite, including Generative AI solutions, Voice Insights, and Voice Commerce, to drive growth. SoundHound AI's integration of SoundHound Chat AI into smart devices and its focus on "agentic AI" opportunities underscore its commitment to product-led growth.
- Strategic Acquisitions and Synergies: SoundHound AI's acquisition strategy, such as the acquisition of Interactions, is expected to bolster its capabilities in customer service and workflow orchestration. These strategic moves are anticipated to create cost synergies and unlock new revenue opportunities through upsell and cross-sell across the company's comprehensive portfolio.
- Growing Backlog of Booked Sales and Long-term Contracts: The company has a substantial and increasing backlog of booked sales, reflecting strong market demand and securing future revenue. This includes long-term contracts with major clients in the automotive sector, such as Stellantis and EV manufacturers, indicating a solid foundation for sustained revenue growth.
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Share Issuance
- SoundHound AI went public on April 28, 2022.
- In 2024, SoundHound engaged in several equity distribution agreements, raising $150 million and $120 million through the sale of Class A common stock, and completed a sales agreement raising an additional $137.3 million.
- The company issued Series A Preferred Stock for approximately $25 million in January 2023, which was fully converted into Class A Common Stock by the end of 2024.
Inbound Investments
- SoundHound secured $100 million in strategic financing in April 2023.
- The company raised $25 million in Post-IPO Equity in January 2023.
- SoundHound's latest funding round was a Post IPO round on February 22, 2024, for $3.7 million, with Nvidia as an investor.
Outbound Investments
- In December 2023, SoundHound acquired SYNQ3 Restaurant Solutions for $25 million.
- SoundHound acquired Allset, a restaurant ordering marketplace, in June 2024, and Amelia AI for $85 million in August 2024.
- The company completed its acquisition of Interactions LLC, specializing in AI for customer service and workflow orchestration, in September 2025.
Capital Expenditures
- SoundHound AI had capital expenditures of approximately -$606,000 in the last 12 months.
- The company's consensus capital expenditures peaked at $1.329 million in December 2022.
- SoundHound AI projects capital expenditures of $9 million for 2025, $12 million for 2026, and $15 million for 2027, with a primary focus on reinvesting earnings to drive further expansion and sustain heavy R&D investment.
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Trade Ideas
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| 01302026 | ROP | Roper Technologies | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | -13.4% | -13.4% | -13.8% |
| 01302026 | TDC | Teradata | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 17.7% | 17.7% | -8.7% |
| 01302026 | CVLT | CommVault Systems | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 2.3% | 2.3% | -5.1% |
| 01302026 | NTNX | Nutanix | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 6.2% | 6.2% | -6.3% |
| 01302026 | FICO | Fair Isaac | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -8.1% | -8.1% | -9.2% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 13.62 |
| Mkt Cap | 2.4 |
| Rev LTM | 722 |
| Op Inc LTM | 35 |
| FCF LTM | 101 |
| FCF 3Y Avg | 64 |
| CFO LTM | 141 |
| CFO 3Y Avg | 96 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 12.7% |
| Rev Chg 3Y Avg | 9.8% |
| Rev Chg Q | 11.5% |
| QoQ Delta Rev Chg LTM | 2.7% |
| Op Mgn LTM | 1.9% |
| Op Mgn 3Y Avg | -5.1% |
| QoQ Delta Op Mgn LTM | 2.8% |
| CFO/Rev LTM | 17.1% |
| CFO/Rev 3Y Avg | 13.7% |
| FCF/Rev LTM | 13.6% |
| FCF/Rev 3Y Avg | 10.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.4 |
| P/S | 1.4 |
| P/EBIT | 19.2 |
| P/E | 152.8 |
| P/CFO | 4.9 |
| Total Yield | 0.2% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | 3.4% |
| D/E | 0.4 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -12.4% |
| 3M Rtn | -14.8% |
| 6M Rtn | -29.1% |
| 12M Rtn | -30.5% |
| 3Y Rtn | -29.8% |
| 1M Excs Rtn | -7.1% |
| 3M Excs Rtn | -6.9% |
| 6M Excs Rtn | -32.9% |
| 12M Excs Rtn | -48.5% |
| 3Y Excs Rtn | -109.5% |
Price Behavior
Price Behavior
| Market Price | $7.82 | |
| Market Cap ($ Bil) | 3.2 | |
| First Trading Date | 04/28/2022 | |
| Distance from 52W High | -63.5% | |
| 50 Days | 200 Days | |
| DMA Price | $10.01 | $12.36 |
| DMA Trend | indeterminate | down |
| Distance from DMA | -21.9% | -36.7% |
| 3M | 1YR | |
| Volatility | 67.5% | 90.5% |
| Downside Capture | 585.83 | 353.25 |
| Upside Capture | 236.12 | 276.07 |
| Correlation (SPY) | 59.4% | 60.0% |
SOUN Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.26 | 2.52 | 3.09 | 3.06 | 2.73 | 2.85 |
| Up Beta | 4.97 | 1.80 | 2.64 | 2.89 | 3.06 | 3.10 |
| Down Beta | 1.81 | 0.88 | 2.49 | 3.00 | 1.71 | 2.22 |
| Up Capture | 169% | 168% | 97% | 322% | 719% | 22295% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 9 | 14 | 20 | 56 | 110 | 329 |
| Down Capture | 612% | 489% | 410% | 278% | 168% | 113% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 11 | 27 | 41 | 69 | 140 | 411 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SOUN | |
|---|---|---|---|---|
| SOUN | -30.3% | 90.8% | -0.01 | - |
| Sector ETF (XLK) | 17.0% | 27.5% | 0.55 | 61.8% |
| Equity (SPY) | 13.5% | 19.4% | 0.53 | 60.2% |
| Gold (GLD) | 74.5% | 25.6% | 2.15 | 4.6% |
| Commodities (DBC) | 7.2% | 16.9% | 0.25 | 18.5% |
| Real Estate (VNQ) | 7.1% | 16.7% | 0.24 | 26.3% |
| Bitcoin (BTCUSD) | -29.7% | 44.9% | -0.65 | 38.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SOUN | |
|---|---|---|---|---|
| SOUN | 0.6% | 140.0% | 0.62 | - |
| Sector ETF (XLK) | 16.1% | 24.8% | 0.59 | 27.6% |
| Equity (SPY) | 13.4% | 17.0% | 0.62 | 27.6% |
| Gold (GLD) | 22.6% | 17.1% | 1.08 | 0.9% |
| Commodities (DBC) | 10.9% | 19.0% | 0.46 | 5.8% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 16.1% |
| Bitcoin (BTCUSD) | 7.4% | 57.1% | 0.35 | 18.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with SOUN | |
|---|---|---|---|---|
| SOUN | 0.3% | 140.0% | 0.62 | - |
| Sector ETF (XLK) | 23.3% | 24.2% | 0.88 | 27.6% |
| Equity (SPY) | 16.1% | 17.9% | 0.77 | 27.6% |
| Gold (GLD) | 14.8% | 15.6% | 0.79 | 0.9% |
| Commodities (DBC) | 8.6% | 17.6% | 0.40 | 5.8% |
| Real Estate (VNQ) | 7.0% | 20.7% | 0.30 | 16.1% |
| Bitcoin (BTCUSD) | 68.0% | 66.7% | 1.07 | 18.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/6/2025 | -0.6% | -14.1% | -13.5% |
| 8/7/2025 | 26.4% | 54.3% | 42.6% |
| 5/8/2025 | -7.8% | 13.0% | 2.9% |
| 2/27/2025 | 17.5% | 3.7% | -7.7% |
| 11/12/2024 | -17.1% | -13.9% | 80.8% |
| 8/8/2024 | -6.5% | -5.0% | -11.3% |
| 5/9/2024 | 7.2% | 7.6% | 0.4% |
| 2/29/2024 | -18.7% | -24.1% | -25.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 7 | 6 |
| # Negative | 8 | 6 | 7 |
| Median Positive | 7.2% | 13.0% | 30.3% |
| Median Negative | -7.2% | -14.0% | -13.5% |
| Max Positive | 26.4% | 54.3% | 170.7% |
| Max Negative | -20.2% | -24.1% | -40.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/11/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/09/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/01/2024 | 10-K |
| 09/30/2023 | 11/15/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/12/2023 | 10-Q |
| 12/31/2022 | 03/28/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/15/2022 | 10-Q |
| 12/31/2021 | 04/08/2022 | 424B3 |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Sroka, Diana | Direct | Sell | 12292025 | 10.88 | 1,343 | 14,605 | 1,644,985 | Form | |
| 2 | Emami, Majid | CSO & SVP, Engineering | Direct | Sell | 12292025 | 11.28 | 42,600 | 480,396 | 6,378,057 | Form |
| 3 | Emami, Majid | CSO & SVP, Engineering | Direct | Sell | 12292025 | 10.66 | 32,741 | 348,937 | 5,678,796 | Form |
| 4 | Hom, James Ming | Chief Product Officer | Direct | Sell | 12292025 | 11.28 | 42,600 | 480,396 | 9,059,670 | Form |
| 5 | Mohajer, Keyvan | CEO | Direct | Sell | 12292025 | 11.28 | 144,326 | 1,627,550 | 24,789,863 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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