SoundHound AI, Inc. reported significant financial growth in its latest quarterly filing, with revenues reaching $42.7 million for the three months ended June 30, 2025, a 217% increase from $13.5 million in the same period last year. For the first half of 2025, revenues totaled $71.8 million, up 187% from $25.1 million in the prior year. The company attributed this growth primarily to increased service subscriptions, which surged by 781% to $32.1 million in the second quarter, driven by contributions from recent acquisitions, including SYNQ3 and Amelia.
Despite the revenue increase, SoundHound reported a net loss of $74.7 million for the second quarter, compared to a loss of $37.3 million in the same quarter of 2024. The company's operating expenses also rose significantly, totaling $120.7 million for the quarter, up from $35.4 million a year earlier. This increase was largely due to higher costs associated with revenues, sales and marketing, and research and development, as well as a notable change in the fair value of contingent acquisition liabilities, which resulted in a loss of $31.4 million for the quarter.
Strategically, SoundHound has been active in expanding its market presence through acquisitions. The company completed the acquisition of SYNQ3 in January 2024 and Amelia in August 2024, which are expected to enhance its capabilities in voice AI and customer service solutions. The integration of these companies is anticipated to strengthen SoundHound's position in various industries, including healthcare and financial services. As of June 30, 2025, the company had 375.2 million shares of Class A Common Stock and 32.5 million shares of Class B Common Stock outstanding.
Operationally, SoundHound has seen a substantial increase in its customer base and user engagement metrics. The company reported a significant rise in the number of users leveraging its voice AI technology across various platforms. Additionally, the company has expanded its geographic reach, with notable revenue contributions from the Americas, Asia, and EMEA regions. The company’s total cash and cash equivalents stood at $230.3 million as of June 30, 2025, providing a solid liquidity position to support ongoing operations and growth initiatives.
Looking ahead, SoundHound remains optimistic about its growth trajectory, driven by its innovative product offerings and strategic acquisitions. The company plans to continue investing in technology and expanding its market reach, while also managing costs to improve gross margins over time. However, it acknowledges the potential for fluctuations in revenue and operating expenses as it integrates its recent acquisitions and navigates the competitive landscape of the voice AI market.
About SOUNDHOUND AI, INC.
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