SoundHound AI Inc

Latest Results (13.05.2026):

SoundHound AI Inc. — First quarter 2026: The company reported record Q1 2026 revenue of $44.2 million, up 52% year‑over‑year (and +88% in its core automotive/IoT vertical excluding acquisitions). SoundHound posted GAAP net loss of $25.0 million (GAAP EPS −$0.06) and non‑GAAP net loss of $26.6 million (non‑GAAP EPS −$0.06). The quarter included a $39M non‑cash gain from revaluing contingent acquisition liabilities that affects GAAP results. Cash and equivalents were $216 million at March 31, 2026, with no debt, and the company reaffirmed full‑year 2026 revenue guidance of $225–$260 million.

Revenue

Record Q1 revenue of $44.2M, +52% YoY. Management noted core auto and IoT revenue up 88% when excluding acquisition impacts, signaling strong end‑market demand.

Margins & Profitability

GAAP gross margin was 31.1% (down ~5.4 percentage points YoY); non‑GAAP gross margin was 49.7%. GAAP net loss was $25.0M (GAAP EPS −$0.06); non‑GAAP net loss was $26.6M (non‑GAAP EPS −$0.06). Adjusted EBITDA loss was $26.7M. Results were affected by non‑recurring true‑up costs and the remeasurement of contingent acquisition liabilities (a $39M non‑cash GAAP gain).

Cash, Liquidity & Cash Flow

Cash and cash equivalents totaled $216M at quarter‑end and the company reported no debt. Net cash used in operating activities was $26.3M for Q1; net change in cash was a decline of $32.8M for the quarter.

Outlook

SoundHound reaffirmed full‑year 2026 revenue guidance of $225–$260M. Management projects 2027 revenue of at least $350–$400M assuming the planned LivePerson combination, which they expect to add at least $100M of growable contribution from LivePerson customers.

M&A and Product Milestones

Announced agreement to acquire LivePerson (expected to close in H2 2026 subject to approvals), aiming to combine voice/agentic AI with LivePerson’s messaging footprint. Launched OASYS, a self‑learning orchestrated agentic AI platform that automates agent creation, orchestration and improvement.

Commercial Traction

Highlighted multiple enterprise wins and expansions across auto, retail, restaurants, finance, utilities, healthcare and tech: a seven‑figure OEM commitment in Japan, Walmart ONN TV integration, increased drive‑thru ROI at QSRs, renewals with large banks and insurers, and channel partnerships to scale deployments.