SoundHound AI's revenue rose 48.5% to $62.43 million in the quarter to Sep 30, 2026, with a $45.82 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 reported revenue of $62.43 million for the quarter from Jul 1, 2026 to Sep 30, 2026, up 48.5% from $42.05 million a year earlier, in a 10-Q it filed on Nov 9, 2026. A 10-Q is the quarterly report US-listed companies file with the SEC. The company still lost money: its operating loss, what was left after the costs of running the business, was $45.95 million, against $115.89 million a year earlier, and its net loss, what was left after interest, tax and everything else, was $45.82 million, against $109.27 million.1^,2^,3^,4^,5^,6^,7^,8

Revenue is what the company took in from selling. The filing splits it by type of product, and hosted services, the largest line at $43.3 million, made up 69.4% of the filing's total revenue. For its Amelia, Virtual Assistance and Conversational Cloud products only, the company's text says revenue generally includes hosted services if the customer elects its SaaS offering, or licensing revenue if the customer requires an on-premise solution. Hosted services rose 56.5% on the year.9^,10^,11^,12

Professional services moved fastest, from $3.86 million to $11.64 million, a rise of 201.6%. For its Houndified products and services, the company says professional services generally means implementation services. Licensing went the other way: $7.42 million, down from $10.4 million, a fall of 28.6%.13^,14^,15^,16^,17^,18^,19

The filing's text says the $20.8 million increase in service subscription revenue, primarily in the Americas and EMEA regions, was driven by contributions from acquisitions.20

By region, the United States brought in $44.15 million, 70.7% of the filing's total revenue and up 47.2%. Revenue from other countries, a group the filing labels Other, doubled from $8.06 million to $16.17 million, up 100.8%, while China fell 47.5%, from $4 million to $2.1 million.21^,22^,23^,24^,25^,26^,27^,28^,29

Margin is the part of revenue left as profit, and here it was negative: about 73.6 cents of each dollar of revenue was lost at the operating line and 73.4 cents as net loss. One line moved sharply. The company reported a gain of $24.0 million from the change in fair value of contingent acquisition liabilities, against an expense of $66.2 million in that line a year earlier. It says the change reflected the assessed probability of reaching future revenue targets set in its acquisition agreements and a lower stock price than at the start of the year, and calls the fluctuation non-operating and non-cash in nature. Cost of revenues rose to $41.1 million.30^,31^,32^,33^,34^,35^,36

Net loss and operating loss sit close together because the items between them netted to $233,000 of expense, plus a $362,000 tax benefit. A year earlier those other items were a net gain. The filing says the decrease was primarily attributable to a remeasurement loss on a derivative assumed from its Amelia acquisition, caused by a lower stock price.37^,38^,39

On management's outlook, the company said in an earlier earnings release, at the time, that it expected 2026 revenue of $250M - $260M and 2027 revenue of $350M - $400M, and that it expected to reach sustained adjusted EBITDA positive within the second half of 2027. Adjusted EBITDA is the company's own measure, not a standard accounting one. The same release said the company would prioritize a hosted-service model and reduce upfront licensing. The filing also says the company completed its acquisition of LivePerson on Sep 4, 2026. Our records hold the text of this filing's management discussion and its notes, but not its other exhibits, and cannot say whether the year-earlier figures were restated.40^,41^,42^,43^,44^,45