SoundHound AI Q1 revenue $29.1M (+151% YoY); cash $246M, reaffirms FY outlook

SOUNDHOUND AI, INC.

2025-Q1 EPS reported $0.31 revenue$29,129,000

Revenue $29.1M, up 151% YoY; no customer >10% of revenue. GAAP gross margin 36.5%, non-GAAP 50.8%.
GAAP net income $129.9M ($0.31 diluted EPS) includes $176M gain from contingent liability fair value change.
Non-GAAP net loss $22.3M ($0.06 loss per share) vs $20.2M loss YoY; adjusted EBITDA loss $22.2M.
Cash and equivalents $246M with no debt; reaffirms FY2025 revenue guidance $157M–$177M.
Launched Amelia 7.0 Agentic AI platform; expanded restaurant, automotive, and healthcare customer base.

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