What is SoundHound AI, Inc.'s accrued litigation?

SoundHound AI, Inc. (SOUN) reported accrued litigation of $3.03M in Q1 2026.

SoundHound AI, Inc. SOUN Accrued litigation

Accrued litigation at other companies

LivaNovaLIVN

$9.64M-27.0%

Provident Financial ServicesPFS

$2.1M+5.0%

Six Flags EntertainmentFUN

$55.79M-11.3%

The Vita Coco Company, Inc.COCO

$0—

Perpetua Resources Corp.PPTA

$1M-50.0%

Encore Capital GroupECPG

$0—

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 / equity0×0.0×

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:LitigationReserveCurrent.

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

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What is SoundHound AI, Inc.'s accrued litigation?: SoundHound AI, Inc. (SOUN) reported accrued litigation of $3.03M in Q1 2026.