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SoundHound AI, Inc. SOUN Business Segments — Concentration (percent)

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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$2.8B-27.2%
Enterprise value$2.59B-28.4%
P/S15.2×-14.0×

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:ConcentrationRiskPercentage1.

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 business segments — concentration (percent)?
SoundHound AI, Inc. (SOUN) reported business segments — concentration (percent) of 60.6% in Q1 2026.
How has SoundHound AI, Inc.'s business segments — concentration (percent) changed year-over-year?
SoundHound AI, Inc.'s business segments — concentration (percent) decreased by 6.2% year-over-year, from 64.6% to 60.6%.
What does business segments — concentration (percent) mean?
This metric measures the proportion of total segment revenue derived from a limited number of major customers or specific market channels. A high concentration percentage indicates significant dependency on a small group of clients, which may expose the business to volatility if those relationships are terminated or renegotiated. Investors use this figure to evaluate revenue diversification and the potential risk profile associated with the company's customer base.