SoundHound AI (NASDAQ: SOUN) reported Q4 2025 results before the market opened yesterday, and the headline number that stood out was the EPS beat. We were watching whether the company could continue narrowing its losses after a strong Q3. It did. As of this morning, shares of SOUN are trading for around $9, up nearly 15% over the past week heading into today’s session.
Losses Narrowing, Beat Rate Holding
The clearest takeaway from Q4: SoundHound is getting closer to breakeven on a per-share basis, even if profitability remains distant.
The company reported a non-GAAP EPS loss of 2 cents against an estimate of a loss of 9 cents, a 79.65% positive surprise. That follows Q3’s similarly strong beat of 66.67%, making it two consecutive quarters of meaningful outperformance on the bottom line. The loss per share of -$0.02 is also the smallest quarterly loss in recent company history, improving from -5 cents in Q4 2024. As we flagged in our Q3 coverage, the GAAP figures carry significant noise from non-cash charges, so the non-GAAP read is the more useful operating signal here.
On the revenue side, the full-year picture shows momentum. Full-year 2024 revenue came in at $84.7 million, up roughly 85% year over year. After Q3, the company raised its full-year 2025 guidance to $165-$180 million. Trailing twelve-month revenue through Q3 stood at $148.4 million, suggesting Q4 needed to land near $45-50 million or more to hit the low end of guidance.
Management Tone Stays Bullish
CEO Keyvan Mohajer set the tone after Q3 and that posture has not shifted. The company has been expanding across restaurants, automotive, and IoT, with a large smart device deal and Jeep’s European launch among recent wins. Analysts broadly remain constructive, with a consensus target price of $16.31 and seven Buy ratings against two Holds and no Sells.
For the full year 2026, SoundHound projects revenue in the range of $225M–$260M, driven by rapid adoption of its Agentic AI platform in automotive and restaurant sectors.
What to Watch at the Open
The stock is trading well below both its 52-week high of $22.17 and its 200-day moving average of $12.35, which means the analyst target implies meaningful upside if execution holds. Watch whether today’s session extends the week’s gains or gives some back as investors weigh full-year revenue confirmation against a still-unprofitable business trading at a price-to-sales ratio above 25x. We will update coverage as Q4 revenue figures are confirmed.
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