Company / R&D Expense
SOUNDHOUND AI, INC. R&D Expense History
FY2021-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$70.6M
FY2024
5-year range
$51.4M / $76.4M
FY2021-FY2024
Trend
+37.2%
vs FY2023
Sector context
#196 of 248
Information Technology
What the data says
SOUNDHOUND AI, INC.'s r&d expense of $71M is lower than 79% of companies in the Information Technology sector (FY2024). Declined from $76M to $71M over the past 2 years.
Based on SEC 10-K filings.
$71M in FY2024 with a 3-year CAGR of +6.0%.
Declined from $76M to $71M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +6.0%
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Bottom 21% in Information TechnologyTop 79% of 248This company $70.6M Sector average $941.5M
▼
-92.5% below sector average
Key checks
Key Insights
- 3-year CAGR of +6.0%, indicating consistent growth.
- In FY2024, r&d expense increased 37.2% year-over-year.
- Ranks #196 out of 248 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 | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $70.6M | +37.2% |
| FY2023 | $51.4M | -32.7% |
| FY2022 | $76.4M | +29.1% |
| FY2021 | $59.2M | - |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026