What is SoundHound AI, Inc.'s contract assets - non-current?

SoundHound AI, Inc. (SOUN) reported contract assets - non-current of $16.4M in Q1 2026.

How has SoundHound AI, Inc.'s contract assets - non-current changed year-over-year?

SoundHound AI, Inc.'s contract assets - non-current increased by 43.5% year-over-year, from $11.43M to $16.4M.

What is the long-term trend for SoundHound AI, Inc.'s contract assets - non-current?

Over 2 years (2023 to 2025), SoundHound AI, Inc.'s contract assets - non-current has grown at a 1.3% compound annual growth rate (CAGR), from $16.49M to $16.92M.

SoundHound AI, Inc. SOUN Contract assets - non-current

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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 / equity0×0.0×

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:ContractWithCustomerReceivableAllowanceForCreditLossNoncurrent.

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 assets - non-current?: SoundHound AI, Inc. (SOUN) reported contract assets - non-current of $16.4M in Q1 2026.
How has SoundHound AI, Inc.'s contract assets - non-current changed year-over-year?: SoundHound AI, Inc.'s contract assets - non-current increased by 43.5% year-over-year, from $11.43M to $16.4M.
What is the long-term trend for SoundHound AI, Inc.'s contract assets - non-current?: Over 2 years (2023 to 2025), SoundHound AI, Inc.'s contract assets - non-current has grown at a 1.3% compound annual growth rate (CAGR), from $16.49M to $16.92M.