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SoundHound AI Reports Record First Quarter, Up 151% With $29.1 Million in Revenue
The company ended the quarter with a strong cash position of $246 million and no debt SANTA CLARA, Calif.--(BUSINESS WIRE)-- SoundHound AI, Inc. (Nasdaq:
About this update from Soundhound Ai, Inc.
[{"type":"text","content":"\nThe company ended the quarter with a strong cash position of $246 million and no debt\n\n SANTA CLARA, Calif.--(BUSINESS WIRE)--\nSoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, today reported its financial results for the first quarter 2025.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250508717527/en/SoundHound AI Reports Record First Quarter, Up 151% With $29.1 Million in Revenue\n“SoundHound continues to extend its reach and create new possibilities for real world AI applications. The release of our complete AI agent platform delivers full, voice-enabled Agentic AI for customers across all industries,” said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI. “At the same time, our bold growth initiatives are paying dividends, and we’re realizing significant cross-sell and upsell opportunities following our acquisitions.”\n\nFirst Quarter Financial Highlights\n\n\nReported revenue was $29.1 million, an increase of 151% year-over-year; no customer accounted for more than 10% of our revenue in the quarter, showing continued diversification of customers.\n\n\nGAAP gross margin was 36.5%; non-GAAP gross margin was 50.8%\n\n\nGAAP diluted earnings per share was $0.31; non-GAAP diluted earnings per share was a loss of ($0.06)\n\n\nGAAP net income was $129.9 million; non-GAAP net loss was ($22.3) million\n\n\nAdjusted EBITDA was ($22.2) million\n\n\nGAAP results include a gain from the calculated fair value of contingent acquisition liabilities where future earnout shares are marked-to-market on a quarterly basis based on the company’s stock price. Non-GAAP measures exclude this non-operating/non-cash impact.\n\n\n“Our distinctive value proposition in conversational voice AI across an increasingly diverse industry base is manifesting real returns and outcome-based results for our end customers,\" said Nitesh Sharan, CFO of SoundHound AI. \"Our addressable and serviceable market continues to expand meaningfully, and we are capturing more of it with accelerating momentum.”\n\nBusiness Highlights\n\n\nAgentic AI: Unveiled Amelia 7.0, allowing businesses to harness the power of full Agentic AI with category-leading voice technology. The platform marks a leap forward, with smart AI agents that reason and perform complex tasks with hu...