SoundHound AI, Inc Class A ( (SOUN) ) has released its Q1 earnings. Here is a breakdown of the information SoundHound AI, Inc Class A presented to its investors.
SoundHound AI, Inc., a leader in voice artificial intelligence, specializes in delivering AI solutions across various industries, including retail, healthcare, and automotive, with a focus on conversational and voice AI technologies.
In its latest earnings report, SoundHound AI announced a record-breaking first quarter for 2025, with revenues reaching $29.1 million, marking a 151% increase year-over-year. The company also reported a strong cash position of $246 million and no debt, highlighting its financial stability.
Key financial metrics from the report include a GAAP gross margin of 36.5% and a non-GAAP gross margin of 50.8%. The company achieved a GAAP net income of $129.9 million, although it reported a non-GAAP net loss of $22.3 million. SoundHound AI’s strategic initiatives, such as the launch of its Agentic AI platform and expansion in various sectors like automotive and healthcare, are driving significant growth and diversification.
SoundHound AI’s business highlights include partnerships with major brands in the restaurant and automotive sectors, as well as significant expansions in healthcare and retail. The company has also made strides in voice commerce and AI-powered solutions for various industries, enhancing its market presence and service offerings.
Looking ahead, SoundHound AI remains optimistic about its growth trajectory, reaffirming its full-year 2025 revenue outlook of $157 to $177 million. The company continues to focus on expanding its market reach and leveraging its innovative AI technologies to capture new opportunities across diverse sectors.