| March 31, 2026 | December 31, 2025 | ||||||||||
| (Unaudited) | |||||||||||
| ASSETS | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 215,642 | $ | 248,490 | |||||||
Accounts receivable, net of allowances of $2,807 and $2,254 as of March 31, 2026 and December 31, 2025, respectively | 30,068 | 32,336 | |||||||||
| Contract assets and unbilled receivable, net | 32,752 | 38,189 | |||||||||
| Other current assets | 10,343 | 10,114 | |||||||||
| Total current assets | 288,805 | 329,129 | |||||||||
| Restricted cash equivalents, non-current | 676 | 676 | |||||||||
| Right-of-use assets | 5,920 | 3,791 | |||||||||
| Property and equipment, net | 2,863 | 2,928 | |||||||||
| Goodwill | 122,277 | 122,277 | |||||||||
| Intangible assets, net | 172,036 | 181,395 | |||||||||
| Deferred tax asset | 28 | 29 | |||||||||
| Contract assets and unbilled receivable, non-current, net | 34,067 | 29,906 | |||||||||
| Other non-current assets | 18,279 | 18,042 | |||||||||
| Total assets | $ | 644,951 | $ | 688,173 | |||||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 8,048 | $ | 10,562 | |||||||
| Accrued liabilities | 29,321 | 26,325 | |||||||||
| Operating lease liabilities | 2,751 | 1,812 | |||||||||
| Finance lease liabilities | 289 | 332 | |||||||||
| Income tax liability | 2,812 | 2,662 | |||||||||
| Deferred revenue | 28,509 | 24,042 | |||||||||
| Contingent acquisition liabilities | — | 4,400 | |||||||||
| Other current liabilities | 1,557 | 1,604 | |||||||||
| Total current liabilities | 73,287 | 71,739 | |||||||||
| Operating lease liabilities, net of current portion | 3,186 | 2,069 | |||||||||
| Deferred revenue, net of current portion | 6,756 | 8,195 | |||||||||
| Contingent acquisition liabilities, net of current portion | 87,334 | 129,227 | |||||||||
| Deferred tax liabilities | 1,379 | 1,363 | |||||||||
| Income tax liability, net of current portion | 2,209 | 2,254 | |||||||||
| Other non-current liabilities | 10,134 | 9,540 | |||||||||
| Total liabilities | 184,285 | 224,387 | |||||||||
| Commitments and contingencies | |||||||||||
| Stockholders’ equity: | |||||||||||
Series A Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; 0 and 0 shares issued and outstanding, aggregate liquidation preference of $0 and $0 as of March 31, 2026 and December 31, 2025, respectively | — | — | |||||||||
Class A Common Stock, $0.0001 par value; 755,000,000 shares authorized as of March 31, 2026 and December 31, 2025; 393,742,421 and 390,070,691 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively | 37 | 37 | |||||||||
Class B Common Stock, $0.0001 par value; 44,000,000 shares authorized; 32,535,408 shares issued and outstanding as of March 31, 2026 and December 31, 2025 | 3 | 3 | |||||||||
| Additional paid-in capital | 1,442,560 | 1,420,672 | |||||||||
| Accumulated deficit | (982,094) | (957,066) | |||||||||
| Accumulated other comprehensive income | 160 | 140 | |||||||||
| Total stockholders’ equity | 460,666 | 463,786 | |||||||||
| Total liabilities and stockholders’ equity | $ | 644,951 | $ | 688,173 | |||||||
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| (Unaudited) | |||||||||||
| Revenues | $ | 44,195 | $ | 29,129 | |||||||
| Operating expenses: | |||||||||||
| Cost of revenues | 30,453 | 18,511 | |||||||||
| Sales and marketing | 19,215 | 12,007 | |||||||||
| Research and development | 26,200 | 24,756 | |||||||||
| General and administrative | 25,676 | 18,407 | |||||||||
| Change in fair value of contingent acquisition liabilities | (39,392) | (176,100) | |||||||||
| Amortization of intangible assets | 4,714 | 3,451 | |||||||||
| Total operating expenses | 66,866 | (98,968) | |||||||||
| Income (loss) from operations | (22,671) | 128,097 | |||||||||
| Other income (expense), net: | |||||||||||
| Interest expense | (71) | (235) | |||||||||
| Other income (expense), net | (1,488) | 2,889 | |||||||||
| Total other income (expense), net | (1,559) | 2,654 | |||||||||
| Income (loss) before provision for income taxes | (24,230) | 130,751 | |||||||||
| Provision for income taxes | 798 | 819 | |||||||||
| Net income (loss) | $ | (25,028) | $ | 129,932 | |||||||
| Earnings attributable to participating Class A Common Shares | — | (705) | |||||||||
| Net income (loss) attributable to SoundHound common shareholders | $ | (25,028) | $ | 129,227 | |||||||
| Other comprehensive income: | |||||||||||
| Unrealized gains on investments | 20 | 6 | |||||||||
| Comprehensive income (loss) | $ | (25,008) | $ | 129,938 | |||||||
| Net income (loss) per share: | |||||||||||
| Basic | $ | (0.06) | $ | 0.33 | |||||||
| Diluted | $ | (0.11) | $ | 0.31 | |||||||
| Weighted-average common shares outstanding: | |||||||||||
| Basic | 421,472,827 | 393,893,313 | |||||||||
| Diluted | 429,783,201 | 414,156,455 | |||||||||
| Three Months Ended March 31, | |||||||||||
| 2026 | 2025 | ||||||||||
| Cash flows used in operating activities: | |||||||||||
| Net income (loss) | $ | (25,028) | $ | 129,932 | |||||||
| Adjustments to reconcile net income (loss) to net cash used in operating activities: | |||||||||||
| Depreciation and amortization | 9,966 | 7,755 | |||||||||
| Stock-based compensation | 18,546 | 17,440 | |||||||||
| Loss on disposal of property and equipment | — | 31 | |||||||||
| Non-cash lease amortization | 858 | 664 | |||||||||
| Amortization of capitalized commissions | 538 | — | |||||||||
| Foreign currency gain/loss from remeasurement | 791 | (160) | |||||||||
| Change in fair value of contingent acquisition liabilities | (39,392) | (176,100) | |||||||||
| Change in fair value of derivative | 2,491 | (1,289) | |||||||||
| Deferred income taxes | 17 | (1) | |||||||||
| Other, net | 744 | 903 | |||||||||
| Changes in operating assets and liabilities: | |||||||||||
| Accounts receivable, net | 1,542 | 2,347 | |||||||||
| Other current assets | (767) | (239) | |||||||||
| Contract assets | 1,261 | 5,816 | |||||||||
| Other non-current assets | 548 | (1,181) | |||||||||
| Accounts payable | (2,503) | 1,151 | |||||||||
| Accrued liabilities | 2,655 | (8,403) | |||||||||
| Contingent acquisition liabilities | (1,335) | — | |||||||||
| Other current liabilities | (61) | (581) | |||||||||
| Operating lease liabilities | (809) | (836) | |||||||||
| Deferred revenue | 3,028 | 3,667 | |||||||||
| Other non-current liabilities | 652 | (101) | |||||||||
| Net cash used in operating activities | (26,258) | (19,185) | |||||||||
| Cash flows used in investing activities: | |||||||||||
| Purchases of property and equipment | (468) | (162) | |||||||||
| Capitalized software development costs | (2,592) | — | |||||||||
| Net cash used in investing activities | (3,060) | (162) | |||||||||
| Cash flows provided by (used in) financing activities: | |||||||||||
| Proceeds from sales of Class A common stock under the Second Equity Distribution Agreement | — | 67,707 | |||||||||
| Proceeds from exercise of stock options and employee stock purchase plan | 396 | 666 | |||||||||
| Proceeds from warrants exercised | — | 13 | |||||||||
| Payment of financing costs associated with the Second Equity Distribution Agreement | — | (1,355) | |||||||||
| Payment to settle contingent earnout liabilities | (3,538) | — | |||||||||
| Payments on finance leases | (101) | (21) | |||||||||
| Net cash provided by (used in) financing activities | (3,243) | 67,010 | |||||||||
| Effects of exchange rate changes on cash | (287) | (94) | |||||||||
| Net change in cash, cash equivalents, and restricted cash equivalents | (32,848) | 47,569 | |||||||||
| Cash, cash equivalents, and restricted cash equivalents, beginning of period | 249,166 | 198,916 | |||||||||
| Cash, cash equivalents, and restricted cash equivalents, end of period | $ | 216,318 | $ | 246,485 | |||||||
| Reconciliation to amounts on the condensed consolidated balance sheets: | |||||||||||
| Cash and cash equivalents | $ | 215,642 | $ | 245,809 | |||||||
| Non-current portion of restricted cash equivalents | $ | 676 | $ | 676 | |||||||
Total cash, cash equivalents, and restricted cash equivalents shown in the condensed consolidated statements of cash flows | $ | 216,318 | $ | 246,485 | |||||||
| Supplemental disclosures of cash flow information: | |||||||||||
| Cash paid for interest | $ | 15 | $ | 2 | |||||||
| Cash paid for income taxes, net | $ | 689 | $ | 1,230 | |||||||
| Noncash investing and financing activities: | |||||||||||
| Right-of-use assets obtained in exchange for lease liabilities | $ | 2,886 | $ | — | |||||||
| Issuance of Class A Common Stock to contingent earnout liabilities | $ | 2,028 | $ | — | |||||||
| Deferred offering costs reclassified to additional paid-in capital | $ | — | $ | 69 | |||||||
| Stock-based compensation included in capitalized software development costs | $ | 918 | $ | — | |||||||