Company / Cost of Revenue
SOUNDHOUND AI, INC. Cost of Revenue History
FY2021-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Cost of Revenue
$43.3M
FY2024
5-year range
$6.6M / $43.3M
FY2021-FY2024
Trend
+283.0%
vs FY2023
Sector context
#246 of 261
Information Technology
What the data says
Cost of Revenue changed +283% YoY in FY2024, a notable deviation from the 3-year average annual change of +116%.
Based on SEC 10-K filings.
$43M in FY2024 with a 3-year CAGR of +87.4%.
Increased from $10M to $43M over the past 2 years.
Information Technology sector context is included.
Cost of Revenue over time
Growth rates
- 3-Year CAGR
- +87.4%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Top 6% in Information TechnologyTop 6% of 261This company $43.3M Sector average $4.1B
▼
-98.9% below sector average
Key checks
Key Insights
- SOUNDHOUND AI, INC.'s cost of revenue has grown for 3 consecutive years.
- 3-year CAGR of +87.4%, indicating consistent growth.
- In FY2024, cost of revenue increased 283.0% year-over-year.
- Ranks #246 out of 261 companies in the Information Technology sector.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
- Altman Z-Score -1.46 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Cost of RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $43.3M | +283.0% |
| FY2023 | $11.3M | +17.8% |
| FY2022 | $9.6M | +45.8% |
| FY2021 | $6.6M | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026