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SoundHound AI (SOUN)

AI / Neo-Cloud · IPO 2022 · Historical SBC from SEC EDGAR

Financials (2025)
Revenue
$169M
Revenue Growth YoY
99.4%
EBITDA
negative
Net Income
$-14M
Stock Price
—
Market Cap
—
Stock-Based Compensation (2025)
SBC Expense
$81M
SBC % of Revenue
47.7%
SBC % of EBITDA
neg EBITDA
SBC % of Market Cap
—
Buybacks
—
Unrecognized SBC
—
SBC % of Revenue — Historical
SBC vs Buybacks ($M) — Historical
SBC % Revenue vs SBC % Market Cap
Revenue-based SBC % is the P&L view. Market-cap-based % is the shareholder dilution view — how much of the company is given away each year.
Market Cap vs Cumulative SBC
Total SBC expense paid since earliest data year vs current market cap. Shows the cumulative cost of stock-based compensation relative to company size.
GAAP vs "Adjusted" Earnings
GAAP net income already includes SBC as a real expense. But many companies highlight "adjusted" earnings that add SBC back, flattering profitability. The orange gap shows how much non-GAAP metrics overstate real earnings each year.
Ownership Retained Over Time
100 = your original ownership at the earliest data year. Net share issuance drives this down.
Annual Gross Dilution vs Buyback Offset
Red = gross share issuance from SBC. Green = shares retired via buybacks. Both as % of prior-year shares.
Year-by-Year Detail
Year SBC ($) Revenue ($) EBITDA ($) SBC % Rev SBC % EBITDA Rev Growth Buybacks ($) Net Income ($) Shares (EOY) Price (EOY) Market Cap SBC % MCap Unrecognized SBC ($)
2025 $81M $169M $-22M 47.7% neg 99.4% — $-14M 6,116,752 — — — —
2024 $33M $85M $-340M 39.1% neg 84.6% — $-351M 6,096,084 — — — —
2023 $28M $46M $-66M 60.9% neg 47.4% — $-89M 5,946,315 — — — —
2022 $29M $31M $-102M 92.5% neg 46.9% — $-117M 196,503,710 — — — —
2021 IPO $6M $21M $-60M 29.8% neg — — $-80M 4,161,000 — — — —