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Mar 31, 2025
SoundHound Q1 2025 Earnings Report
SoundHound AI reported a strong Q1 2025 with triple-digit revenue growth and substantial GAAP net income due to non-cash valuation adjustments.
Key Takeaways
SoundHound AI saw record Q1 2025 results, with revenue surging 151% year-over-year to $29.1 million and a GAAP net income of $129.9 million driven by mark-to-market gains. However, the company posted a non-GAAP net loss and continued investment in product and partnership expansion.
Revenue grew 151% YoY to $29.1 million, marking a record quarter.
GAAP net income was $129.9 million, boosted by a $176 million gain from contingent acquisition liabilities.
Non-GAAP net loss was $22.3 million, reflecting ongoing investment in growth and AI capabilities.
Amelia 7.0 and expanded partnerships across restaurants, automotive, and telecom drove platform adoption.
Forward Guidance
SoundHound reaffirmed its full-year 2025 revenue outlook of $157M to $177M, supported by cross-industry demand and expanding partnerships.
Positive Outlook
- Reiterated full-year revenue guidance range of $157M to $177M.
- Ongoing adoption of Amelia 7.0 platform across industries.
- New voice commerce integrations with automakers and restaurants.
- Strong liquidity position with $246M in cash and no debt.
- Expanded strategic partnerships in automotive, retail, and telecom sectors.
Challenges Ahead
- Non-GAAP net loss of $22.3M indicates continued operating pressure.
- Adjusted EBITDA was negative $22.2M, widening from the prior year.
- GAAP gross margin declined to 36.5% from 59.7% YoY.
- High dependence on fair value accounting for acquisition-related gains.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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