Business
SoundThinking, Inc. Reports First Quarter 2026 Financial Results
Revenues Decreased 15% to $24.2 Million, as Q1 2025 included Revenue of Approximately $3.5 million From Renewal of Two Delayed Contracts with the New York
About this update from Soundthinking, Inc.
[{"type":"text","content":"Revenues Decreased 15% to $24.2 Million, as Q1 2025 included Revenue of Approximately $3.5 million From Renewal of Two Delayed Contracts with the New York City Police Department Company Reaffirms FY 2026 Revenue Guidance Range of $109.0 Million to $111.0 Million, Representing Approximately 6% Year-Over-Year Growth at the Midpoint, and Reaffirms FY 2026 Adjusted EBITDA Margin Guidance Range of 16% to 18% Company Reaffirms Expectation for ARR1 to Increase from $95.4 Million at the Beginning of 2026 to Approximately $110.0 Million at the Beginning of 2027 FREMONT, Calif., May 14, 2026 (GLOBE NEWSWIRE) -- SoundThinking, Inc. (Nasdaq: SSTI), a leading public safety technology company, today reported financial results for the first quarter ended March 31, 2026. First Quarter 2026 Financial and Operational Highlights Revenues decreased 15% to $24.2 million, compared to $28.3 million for the same quarter of 2025.Gross profit decreased 32% to $11.3 million (47% of revenues), compared to $16.6 million (59% of revenues) for the same quarter of 2025.GAAP net loss totaled $7.0 million, compared to GAAP net loss of $1.5 million for the same quarter of 2025.Adjusted EBITDA1 totaled negative $0.1 million (0% of revenues), compared to $4.5 million (16% of revenues) for the same quarter of 2025.Went “live” in one new city and one new customer. 1 See the section below titled “Non-GAAP Financial Measures and Key Business Metrics” for more information about Adjusted EBITDA and its reconciliation to GAAP net loss and more information about Annual Recurring Revenue (ARR). Management Commentary “Our first quarter results reflect the structural shape of our year and the deliberate investments we are making to position SoundThinking for durable, profitable growth,” said President and CEO Ralph Clark. “Q1 is, by design, typically our most cost-concentrated and lightest revenue quarter of the year, with deployments, renewals, and expansions building through the year. With approximately $4 million in annualized savings we are expecting from the workforce optimization we implemented in the first quarter, we have increased visibility of our full-year framework and we expect meaningful operating leverage to emerge.” “We are encouraged by the momentum we are seeing across our public safety and commercial security offerings. Drone-as-first-responder integrations...