SOUNDHOUND AI, INC. files 10-Q

SoundHound AI, Inc. reported a net loss of $25.0 million for the first quarter of 2026, a significant decrease from the $129.9 million net income in the prior year's quarter, driven by a large gain from the change in fair value of contingent acquisition liabilities in the prior year. The company's revenue increased by 52% year-over-year to $44.2 million, but cost of revenues also increased significantly, leading to a lower gross margin.