secwatch.observer — SEC 8-K summary
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Issuer:     SOUNDHOUND AI, INC. (SOUN)
CIK:        0001840856
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001628280-25-023838
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/0001628280-25-023838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1840856/000162828025023838/soun-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-023838

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer