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SoundHound AI, Inc. SOUN Contract Liabilities

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Other financials

Income statement

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Revenue$44.2M+51.7%
Gross profit$13.7M+29.4%
Operating income-$22.7M-118%
Net income-$25.0M-119%
EPS (diluted)-$0.11-135%

Balance sheet

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Cash & equivalents$216.3M-12.2%
Total debt$6.2M+34.5%
Total equity$460.7M+16.0%
Total assets$645.0M+9.8%

Cash flow

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Operating cash flow-$26.3M-36.9%
CapEx$468.0K+189%
Free cash flow-$26.7M-38.1%

Valuation

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Market cap$2.79B-10.3%
Enterprise value$2.58B-10.1%
P/S15.2×-15.3×

Profitability

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Gross margin40.6%-3.5pp
Operating margin-217.6%+231pp
Net margin-210.7%+85.2pp
FCF margin-57.9%-17.9pp

Returns & leverage

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Return on equity-89.9%+41.4pp
Debt / equity0.0×
Current ratio3.9×-1.0×

Where this comes from

Reported directly by SoundHound AI, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

The official record: SoundHound AI, Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SoundHound AI, Inc.'s contract liabilities?
SoundHound AI, Inc. (SOUN) reported contract liabilities of $6.76M in Q1 2026.
How has SoundHound AI, Inc.'s contract liabilities changed year-over-year?
SoundHound AI, Inc.'s contract liabilities decreased by 10.1% year-over-year, from $7.52M to $6.76M.
What is the long-term trend for SoundHound AI, Inc.'s contract liabilities?
Over 4 years (2021 to 2025), SoundHound AI, Inc.'s contract liabilities has grown at a -14.0% compound annual growth rate (CAGR), from $14.96M to $8.2M.
What does contract liabilities mean?
Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.