SoundHound AI, Inc. (SOUN) Stock Price & Analysis
SoundHound AI, Inc. (SOUN) closed at USD 4.5 on Thursday, October 22, 2026, down 2.22% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 4.6; the Oct 22, 2026 session ranged USD 4.44–4.67 on volume of 11,008,856 shares. Market capitalization is $2.00B, with a 52-week range of USD 4.39–19.09 (NGM). Source: Nexqual, retrieved October 23, 2026 at 12:51 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SOUN.md
Key facts (SOUN)
- Last four reported quarters (through Jun 30, 2026): revenue $203M, net income -$137M (-67.5% margin), free cash flow -$116M (SEC filings).
- Insider open-market sales, last ~7 months: 11 Form 4 filings, $3.8M; 9 not under a Rule 10b5-1 plan ($3.8M); 2 by opportunistic insiders (0 outside 10b5-1 plans), 9 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.25 on a 1–5 scale) (8 analysts), mean target USD 12.57 (range 6–17).
- Total return with dividends: 1Y -75.3% vs S&P 500 +14.9%; 5Y -30.8% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD -0.03, revenue estimate $77.2M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SOUN)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $21.2M | $31.1M | $45.9M | $84.7M | $169M | $203M |
| Gross profit | $14.6M | $21.5M | $34.6M | $41.4M | $71.6M | — |
| Operating income | -$65.3M | -$106M | -$68.6M | -$341M | -$23.3M | -$139M |
| Net income | -$79.5M | -$117M | -$88.9M | -$351M | -$14.0M | -$137M |
| EPS (diluted) | -$1.18 | -$0.74 | -$0.40 | -$1.04 | -$0.28 | — |
| Free cash flow | -$66.8M | -$95.3M | -$68.7M | -$110M | -$99.1M | -$116M |
| Gross margin | 68.9% | 69.2% | 75.4% | 48.9% | 42.4% | — |
| Operating margin | -308.2% | -339.5% | -149.6% | -403.0% | -13.8% | -68.5% |
| Net margin | -375.2% | -374.9% | -193.9% | -414.1% | -8.3% | -67.5% |
| Revenue growth | — | +46.9% | +47.4% | +84.6% | +99.4% | — |
| Cash + short-term investments | $21.6M | $9.2M | $95.3M | $198M | $248M | — |
| Total debt | $29.9M | $35.0M | $84.3M | $0K | — | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (SOUN)
P/S 9.8x · P/B 4.1x · FCF yield -5.80% · Earnings yield -6.86%
Insider sales (SEC Form 4, open-market, last ~7 months) (SOUN)
2 of 11 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-17 | Sroka Diana | Director | 1,552 | $9K | 0.9% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-09-15 | Zagorsek Michael | Chief Operating Officer | 71,113 | $450K | 2.7% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-09-15 | Hom James Ming | Chief Product Officer | 38,730 | $245K | 3.4% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-09-15 | Emami Majid | CSO & SVP, Engineering | 38,730 | $245K | 4.4% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-09-15 | Mohajer Keyvan | CEO | 137,290 | $869K | 3.6% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-08-27 | Sroka Diana | Director | 1,343 | $10K | 0.8% | Yes | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-06-15 | Zagorsek Michael | Chief Operating Officer | 64,994 | $485K | 3.7% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-15 | Stonehocker Timothy | Chief Technology Officer | 18,802 | $140K | 3.6% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-15 | Hom James Ming | Chief Product Officer | 28,843 | $215K | 3.7% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-15 | Mohajer Keyvan | CEO | 126,540 | $944K | 6.1% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
| 2026-06-15 | Emami Majid | CSO & SVP, Engineering | 28,843 | $215K | 5.7% | No | Routine (sold in Mar & Jun & Sep & Dec each year 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SOUN)
Consensus Buy (mean 2.25 on a 1–5 scale), 8 analysts; mean target USD 12.57 (low 6, high 17).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-22 | Piper Sandler | Target lowered | Neutral | $7 → $6 |
| 2026-08-06 | DA Davidson | Target lowered | Buy | $12 → $10 |
| 2026-08-06 | Piper Sandler | Target lowered | Neutral | $8 → $7 |
Total return (dividends reinvested) (SOUN)
| 1Y (from 2025-10-23) | 5Y (from 2022-04-25) | |
|---|---|---|
| Total return | -75.3% | -30.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -75.5% | -7.9% |
| Volatility (annualized) | 68.4% | 129.6% |
| Max drawdown | -75.5% (Oct 2025→Oct 2026) | -92.6% (May 2022→Dec 2022) |
SOUN revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Service subscriptions | $47.0M | 75.9% | +46.6% |
| Hosted services | $32.2M | 52.0% | +53.9% |
| Licensing | $21.4M | 34.5% | +16.6% |
| Product royalties | $14.8M | 24.0% | +41.2% |
| Professional services | $8.3M | 13.4% | +149.7% |
| Monetization | $55,000 | 0.1% | -53.4% |
| Total revenue | $61.9M | 100% | — |
SOUN revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $36.4M | 58.8% | +60.2% |
| China | $9.0M | 14.5% | +28.5% |
| Other | $8.6M | 14.0% | +17.3% |
| Colombia | $7.6M | 12.4% | +5565.2% |
| Ireland | $210,000 | 0.3% | -96.2% |
| Total revenue | $61.9M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SOUN suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Amelia Holdings | “Following the integration of the Amelia platform into SoundHound's ecosystem in 2025, we enhanced our AI agent platform by enabling full-stack agentic AI for enterprises, moving beyond simple voice response to systems that can reason through IT support or customer service requests and execute backend actions autonomously.” |
| Customer | Synq3 | “•integrate SYNQ3, Amelia, and Interactions' customer bases and capitalize on our cross-selling opportunities;” |
| Customer | Interactions | “•integrate SYNQ3, Amelia, and Interactions' customer bases and capitalize on our cross-selling opportunities;” |
Quoted from the company's 10-K filed Mar 2, 2026.
SOUN customer concentration
In the period ended Jun 30, 2026, 2 direct customers each accounted for at least 10% (13%, 12%) of revenue, per the company's 10-Q filed Aug 10, 2026. The company does not name them.
SOUN analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.03 | $-0.04 | -21.1% | $77.2M | 1 |
| Next quarter (ends Dec 2026) | $-0.04 | $-0.03 | +53.8% | $110.4M | 1 |
| Current fiscal year (ends Dec 2026) | $-0.16 | $-0.18 | -9.1% | $293.7M | 1 |
| Next fiscal year (ends Dec 2027) | $-0.10 | $-0.12 | -16.7% | $390.2M | 3 |
SOUN options: expected move
Options price a move of about ±11.4% (±$0.51) by Nov 6, 2026, which includes earnings on Nov 5, 2026; the earnings reaction alone is priced at about ±1.4%. Over the last 8 reports the stock moved ±10.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 72.0% | ±8.5% |
| Nov 6, 2026 | 14 | 69.6% | ±11.4% |
| Nov 13, 2026 | 21 | 79.4% | ±15.7% |
| Nov 20, 2026 | 28 | 76.4% | ±17.1% |
| Nov 27, 2026 | 35 | 68.4% | ±17.1% |
| Dec 4, 2026 | 42 | 157.8% | ±42.3% |
| Dec 18, 2026 | 56 | 69.9% | ±22.8% |
| Jan 15, 2027 | 84 | 72.3% | ±27.7% |
30-day implied volatility 74% vs 51.3% realized over the last 30 trading days. Put/call ratio (volume) 0.23. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 12:51 UTC)
| Price | USD 4.5 |
|---|---|
| Change | ▼ 2.22% (down) |
| Previous Close | USD 4.6 |
| Open | USD 4.5 |
| Day Range | USD 4.44 – 4.67 |
| 52-Week Range | USD 4.39 – 19.09 |
| Volume | 11,008,856 shares |
| Market Cap | $2.00B |
| Exchange | NGM |
Technical Analysis (SOUN)
Nexqual's technical model rates SOUN "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 12:51 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 25.12 (oversold) |
| vs SMA50 | Below (USD 6.13) |
| MACD | -0.45 (negative) |
Analyst Ratings (SOUN)
Wall Street analysts rate SOUN "Buy" based on 8 analysts, with a mean price target of USD 12.57 (range USD 6–17), per Nexqual as of October 23, 2026 at 12:51 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 12.57 |
| High Target | USD 17 |
| Low Target | USD 6 |
| Buy / Hold / Sell | 6 / 2 / 0 |
Earnings (SOUN)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD -0.03 |
| Revenue Estimate | $77.20M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.02 vs est -0.05 ▲ beat |
| 2026-03-31 | USD -0.06 vs est -0.04 ▼ miss |
| 2025-12-31 | USD -0.02 vs est -0.02 ▼ miss |
| 2025-09-30 | USD -0.03 vs est -0.03 ▲ beat |
Source: Nexqual, October 23, 2026 at 12:51 UTC.
Financials & Fundamentals (SOUN)
| Total Revenue | $203.20M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +45.00% |
| Gross Margin | +42.29% |
| Operating Margin | -75.93% |
| Profit Margin | -67.45% |
| ROE | -32.24% |
| Debt / Equity | 0.01 |
| Current Ratio | 3.91 |
| Total Cash | $202.78M |
| Total Debt | $5.44M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$115.88M (-57.0% of revenue) |
Source: Nexqual, October 23, 2026 at 12:51 UTC.
Financial Health Score (SOUN)
Nexqual rates SoundHound AI, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 12:51 UTC.
| Growth | Strong — Revenue +99% YoY (annual) |
|---|---|
| Profitability | Mixed — Gross margin 42%, operating -76% (last 12 months) |
| Balance Sheet | Strong — $203M cash vs $5M debt, net cash position |
| Cash Flow | Weak — FCF negative: -$116M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -32%, ROA -19.5% |
Ownership (SOUN)
| Insider Ownership | +1.91% |
|---|---|
| Institutional Ownership | +38.25% |
| Shares Outstanding | 411.58M |
| Float | 401.07M |
| Short % of Float | +38.96% |
Source: Nexqual, October 23, 2026 at 12:51 UTC.
Leadership (SOUN)
SoundHound AI, Inc. is led by Keyvan Mohajer, Co-Founder, CEO, President & Director, per Nexqual as of October 23, 2026 at 12:51 UTC.
| Co-Founder, CEO, President & Director | Keyvan Mohajer |
|---|---|
| Co-Founder, Chief Product Officer & Director | James Hom |
| Chief Operating Officer | Michael Zagorsek |
| Chief Financial Officer | John Deneen Collins |
| Chief Technology Officer | Timothy Stonehocker |
Major Backers & Investors (SOUN)
Notable institutional backers of SoundHound AI, Inc. include UBS Group AG, Bank of America Corporation, Morgan Stanley, according to Nexqual as of October 23, 2026 at 12:51 UTC.
Active Investors
| Investor | Stake |
|---|---|
| UBS Group AG | 1.77% |
| Bank of America Corporation | 1.77% |
| Morgan Stanley | 1.58% |
| GLOBAL X FUNDS-Global X Artificial Intelligence & Technology ETF | 1.08% |
| Fidelity | 1.06% |
| Charles Schwab Investment Management, Inc. | 0.86% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 10.68% |
| BlackRock | 8.26% |
| Geode Capital | 2.53% |
| State Street | 2.44% |
Source: Nexqual, October 23, 2026 at 12:51 UTC.
From SoundHound AI, Inc.'s Latest SEC 10-K Filing (filed 2026-03-02)
Key Strengths & Strategy (as disclosed to the SEC)
- The architecture is based on proprietary software engineering technology, CaiLAN (Conversational AI Language), and machine learning technology, CaiNET (Conversational AI Network) to ensure fast, accurate and appropriate responses.
- Built on proprietary technology, SoundHound's voice AI delivers best-in-class speed and accuracy in numerous languages to product creators across automotive, TV, and IoT, and to customer service industries via groundbreaking AI-driven products like Smart Answering, Smart Ordering, and Dynamic Interaction™, and Employee Assist.
- Our proprietary Speech-to-Meaning technology tracks speech in real-time and understands the context, even before the user has finished speaking.
- Using our proprietary Deep Meaning Understanding technology, a custom voice assistant can handle complex queries with compound criteria including conversational follow up, address multiple questions and filter results simultaneously — accurately and quickly answering users' most complex questions.
Legal & Regulatory Risks (Item 1A, quoted)
- Our use and provision of AI-powered solutions could lead to operational or reputational damage, competitive harm, legal and regulatory risk and additional costs.
- Regulatory and legislative developments related to the use of AI could adversely affect our use and provision of AI-powered solutions in our products, services and business.
- SoundHound's software products may have bugs, which could result in delayed or lost revenue, expensive correction, liability to its customers and claims against us.
- The requirements of being a public company may strain SoundHound's resources and divert management's attention, and the increases in legal, accounting and compliance expenses may be greater than SoundHound anticipates.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| APPF | AppFolio, Inc. | USD 217.33 | ▲ 0.06% |
| DSGX | The Descartes Systems Group Inc | USD 94 | ▲ 1.74% |
| TTAN | ServiceTitan, Inc. | USD 85.2 | ▲ 3.5% |
| IDCC | InterDigital, Inc. | USD 332.06 | ▼ 0.78% |
| YMM | Full Truck Alliance Co. Ltd. | USD 8.35 | ▼ 1.76% |
| PCOR | Procore Technologies, Inc. | USD 62.29 | ▲ 2.27% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 12:51 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt