$SOUN earnings report

SoundHound reported third-quarter 2026 revenue of $62,425 (thousands), up 48% from $42,049 (thousands) in the prior-year period. The financial highlights characterized revenue as $62.4 million, up 48.5% year-over-year. The release described broad commercial activity across enterprise and customer care, automotive and devices, voice commerce, hospitality, and restaurant ordering, while the LivePerson acquisition closed on September 4th.

Profitability metrics weakened at the gross-margin and adjusted-EBITDA levels. GAAP gross margin was 34.1%, compared with 42.6%, while non-GAAP gross margin was 50.3%, compared with 59.3%. Adjusted EBITDA was a loss of $(20,665) (thousands), versus a loss of $(14,546) (thousands). GAAP operating loss narrowed to $(46,497) (thousands) from $(115,891) (thousands), but GAAP operating loss included a $23.4 million gain from the calculated fair value of contingent acquisition liabilities.

The company reported a GAAP net loss of $(46,368) (thousands), compared with $(109,271) (thousands), and a non-GAAP net loss of $(21,215) (thousands), compared with $(13,022) (thousands). Acquisition-related expenses were $12,915 (thousands) in the adjusted EBITDA reconciliation, while stock-based compensation and related payroll taxes were $22,540 (thousands). Management said it is shifting upfront license arrangements to hosted structures and exiting certain inherited negative gross margin contracts to improve revenue predictability, gross margin, and EBITDA.

Liquidity included $207.6 million of cash and cash equivalents at September 30, 2026, alongside $3.8 million of short-term debt assumed from the LivePerson acquisition. Nine-month operating cash use was $(95,986) (thousands), compared with $(76,336) (thousands) in the prior-year period. The company guided to 2026 revenue of $250M - $260M and 2027 revenue of $350M - $400M, identified $120 million of annualized cost synergies, and expects sustained adjusted EBITDA positivity within the second half of 2027 even at the lower end of its revenue guidance.

SoundHound reported revenue of $ 61,897 for the three months ended June 30, 2026, compared with $ 42,683 in the prior-year quarter. For the six months ended June 30, 2026, revenue was $ 106,092, compared with $ 71,812 in the prior-year period. The filing does not provide revenue by operating segment, product category, customer, or geographic market, so the underlying sources of revenue are not disclosed in the supplied document.

The quarter remained loss-making on a GAAP basis. Income (loss) from operations was (43,298) and net income (loss) was $ (42,817), compared with (78,051) and $ (74,724), respectively, in the prior-year quarter. The current-quarter operating result included a (3,697) change in fair value of contingent acquisition liabilities, versus 31,359 in the prior-year quarter. Sales and marketing expense was 16,635, research and development expense was 27,130, and general and administrative expense was 25,989.

For the six months ended June 30, 2026, operating loss was (65,969) and net loss was $ (67,845), compared with operating income of 50,046 and net income of $ 55,208 in the prior-year period. The six-month results included a (43,089) change in fair value of contingent acquisition liabilities, compared with (144,741) in the prior-year period. Diluted net income (loss) per share was $ (0.21) for the six-month period, compared with $ 0.13 in the prior-year period.

Liquidity declined during the first half. Cash and cash equivalents were $ 202,776 as of June 30, 2026, versus $ 248,490 as of December 31, 2025. Net cash used in operating activities was (59,969), while net cash used in investing activities was (32,727), including (26,501) for a payment related to an asset acquisition and (5,404) of capitalized software development costs. Financing activities provided 46,699, including 48,481 of proceeds from sales of Class A common stock under the Second Equity Distribution Agreement.

The balance sheet showed total assets of $ 667,887, total liabilities of 177,457, and total stockholders’ equity of 490,430 as of June 30, 2026. Contingent acquisition liabilities, net of current portion, were 83,637, compared with 129,227 as of December 31, 2025. The supplied filing contains no forward guidance, no non-GAAP measures, no capital-return program, and no executive commentary or quotes.