SoundHound AI reported first-quarter 2026 revenue of $44.2 million, up 52%, and a $25.0 million net loss

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

SoundHound AI, a voice and agentic AI company, reported a net loss of $25.0 million under US accounting rules (GAAP) for the quarter ended Mar 31, 2026, in a 10-Q filed May 11, 2026. The 10-Q, the quarterly report a US-listed company files with the SEC, followed an earnings release the company issued on May 7, 2026. Revenue was $44.2 million, up 52% from $29.1 million in the first quarter of 2025, with service subscriptions at $35.8 million and product royalties at $8.35 million. The 10-Q puts the $11.2 million rise in service subscriptions mainly in the Americas and ties it to revenue from acquisitions. CEO Keyvan Mohajer said that, excluding all acquisitions, revenue grew 88% in the company's core automotive and IoT AI vertical.1^,2^,3^,4^,5^,6^,7^,8^,9

The operating loss was $22.7 million, against operating income of $128.1 million a year earlier. The operating results of both quarters include a gain on contingent acquisition liabilities, a line that revalues the earn-out consideration owed on acquisitions with the company's stock price and the assessed chance of meeting revenue targets: $39.4 million this quarter and $176.1 million a year earlier. The 10-Q calls the fluctuation non-operating and non-cash, though it counts the change in fair value among its operating expenses. The notes tie $37.4 million of this quarter's gain, and $168.7 million of the year-earlier gain, to the earn-out for Amelia, a company bought in August 2024. The company's own non-GAAP measures, which leave out items such as stock-based pay and that fair-value change, were a net loss of $26.6 million and an adjusted EBITDA loss of $26.7 million. Unrestricted cash and cash equivalents were $215.6 million at Mar 31, 2026, and the release said the company had no debt.10^,11^,12^,13^,14^,15^,16^,17^,18^,19^,20^,21

The filing reports that on Apr 21, 2026 the company agreed to acquire LivePerson, with about $42.8 million of stock consideration payable to holders of LivePerson common stock, and signed a notes restructuring under which holders of LivePerson's secured notes agreed to release them in exchange for about $178.0 million for the first-lien notes and $83.2 million for the second-lien notes, payable in a possible mix of cash and stock at SoundHound's discretion. The filing said the deal was expected to close in the second half of 2026, subject to customary closing conditions including regulatory approvals.22^,23^,24

The filing says chief financial officer Nitesh Sharan resigned effective Apr 3, 2026, and chief product officer James Hom was to serve as interim CFO. The release said the company launched OASYS, which it described as a self-learning, orchestrated agentic AI platform, and reaffirmed its full-year 2026 revenue outlook of $225 - $260 million.25^,26^,27

Our records cannot tell whether the year-earlier figures were restated.28