SoundHound AI, Inc. (SOUN) Stock

SoundHound AI, Inc. (SOUN) is a Technology stock trading at $7.31 (as of 2026-08-21), with a market capitalization of $1.44B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

SoundHound AI, Inc. provides an independent voice AI platform for building conversational experiences for customer interactions. Its Houndify platform includes tools such as speech recognition, natural language understanding, wake words, custom domains, text-to-speech, and embedded voice solutions for businesses across industries.

Understand SoundHound AI, Inc.: how it makes money

SoundHound AI develops an independent voice AI platform (Houndify) that helps businesses build conversational voice assistants, and it makes money by enabling brands to deploy and run voice AI experiences at scale for customer conversations and ordering.

The business economics appear to be driven by how quickly brands expand voice AI deployment (more active and live restaurant locations) and how intensively those deployments are used (queries and interactions), which then supports revenue retention and continued customer rollout.

Business quality (Weak): Strong usage and expansion signals show up in the operating KPIs (for example Net Revenue Retention of 120%), but profitability is currently weak, with operating margin of -51.3% in the latest reported period.

Bull case

  • Customer value retention appears strong: Net Revenue Retention is listed at 120%, indicating revenue growth from existing customers rather than only relying on new customer deals.
  • Deployment and usage scale are measurable: Active Restaurant Locations Using Voice Artificial Intelligence Ordering Solutions are listed at 14,000, and usage metrics include Monthly Queries of 1,000,000,000 and Conversational Artificial Intelligence Queries Processed of 3,000,000,000.

Bear case

  • Profitability is currently negative: Operating margin is -51.3% in the period ended 2026-03-31, indicating operating losses despite gross margin of 31.1%.
  • Growth depends on continued restaurant rollout execution: Key scale KPIs are explicitly tied to restaurant locations and pipeline (including active and live locations), so delays or slowdowns in deployment could pressure momentum.
Valuation — source: SEC EDGAR (first-party)
Price$7.31
Market Cap$1.44B
Price / Book2.93
Price / Sales7.53
FCF Yield-12.6%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$168.92M
Net Margin-8.3%
Revenue Growth (YoY)99.4%
EPS Growth (YoY)-97.1%
FCF Growth (YoY)-9.5%
Financial Health — source: SEC EDGAR
Altman Z-Score6.64 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)34.0
Industry P/E (Business Services)30.2
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($452.31M)
Institutional Holders Tracked10
Congressional Trades (recent)2
Company
SectorTechnology
IndustryBusiness Services
CEOKeyvan Mohajer
Employees842
CountryUS
IPO Date2022-04-28

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SOUN earnings history · SOUN institutional & insider holders · SOUN KPIs & operating metrics · SOUN financials · SOUN investor presentations & press releases · SOUN SEC filings · SOUN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.