CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Income Statement [Abstract] | ||||
| Revenues | $ 42,683 | $ 13,462 | $ 71,812 | $ 25,056 |
| Operating expenses: | ||||
| Cost of revenues | 26,021 | 4,980 | 44,532 | 9,649 |
| Sales and marketing | 15,837 | 5,655 | 27,844 | 11,197 |
| Research and development | 25,805 | 15,738 | 50,561 | 30,616 |
| General and administrative | 18,230 | 9,535 | 36,637 | 19,802 |
| Change in fair value of contingent acquisition liabilities | 31,359 | (1,082) | (144,741) | 3,080 |
| Amortization of intangible assets | 3,482 | 621 | 6,933 | 1,226 |
| Total operating expenses | 120,734 | 35,447 | 21,766 | 75,570 |
| Income (loss) from operations | (78,051) | (21,985) | 50,046 | (50,514) |
| Other expense, net: | ||||
| Loss on early extinguishment of debt | 0 | (15,587) | 0 | (15,587) |
| Interest expense | (169) | (4,086) | (404) | (9,750) |
| Other income, net | 4,752 | 4,974 | 7,641 | 6,453 |
| Total other income (expense), net | 4,583 | (14,699) | 7,237 | (18,884) |
| Income (loss) before provision for income taxes | (73,468) | (36,684) | 57,283 | (69,398) |
| Provision for income taxes | 1,256 | 638 | 2,075 | 933 |
| Net income (loss) | (74,724) | (37,322) | 55,208 | (70,331) |
| Earnings attributable to participating Class A Common Shares | 0 | 0 | (297) | 0 |
| Cumulative dividends attributable to Series A Preferred Stock | 0 | (73) | 0 | (416) |
| Net income (loss) attributable to SoundHound common shareholders | (74,724) | (37,395) | 54,911 | (70,747) |
| Other comprehensive income (loss): | ||||
| Unrealized gains (losses) on investments | (33) | (30) | (27) | 6 |
| Comprehensive income (loss) | $ (74,757) | $ (37,425) | $ 54,884 | $ (70,741) |
| Net income (loss) per share: | ||||
| Basic (in dollars per share) | $ (0.19) | $ (0.11) | $ 0.14 | $ (0.23) |
| Diluted (in dollars per share) | $ (0.19) | $ (0.11) | $ 0.13 | $ (0.23) |
| Weighted-average common shares outstanding: | ||||
| Basic (in shares) | 400,124,499 | 331,830,608 | 397,026,119 | 309,213,583 |
| Diluted (in shares) | 402,043,468 | 331,830,608 | 414,145,877 | 309,213,583 |
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- Definition Weighted Average Common Shares Outstanding No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of increase (decrease) in value of liability in contingent consideration arrangement in business combination, including, but not limited to, difference arising upon settlement. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition Amount of undistributed earnings (loss) allocated to participating securities for the basic earnings (loss) per share or per unit calculation under the two-class method. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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