SE‑Cluster

Search

Search markets, companies, evidence, and pages

TickerSSTI
SectorSoftware - Application
Mkt cap$91M
EV / EBITDA72.5×
PostureHigh Velocity
Composite70/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 1351636

SoundThinking, Inc.

SSTIHIGH VELOCITYFILING INTENSITY

SoundThinking, Inc. reads as an High Velocity (composite 70/100); Selective Buyer deploying $26M across 0 disclosed transactions, up 33% vs the prior cycle · primary market Software & IT.

Lens

Disclosed M&A capital (2023–2025)

$26M

+33%

vs $19M in 2020–2022

Disclosed transactions

N/A

−99%

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

70

/100

High Velocity dominates · Filing Intensity

Financial snapshot
Revenue$104M
EBITDA$1M
Enterprise value$80M
EV / Revenue0.8×
EV / EBITDA72.5×
P/EN/A
Cash$16M
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

19/100

Companies actively deploying disclosed capital into M&A

  • $47M disclosed buyer spend

Buyer Cadence

32/100

Buyer-side companies with recent filing activity

  • Filed within 48d
  • 84 8-Ks

Target Probability

4/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

14/100

Issuers facing activism, governance, or control pressure

Distress Watch

26/100

Issuers showing financial-distress filing patterns

  • 10-Q 208d stale

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
70/100

Issuers with the highest filing-activity intensity

  • 84 8-Ks
  • 4 form types

Quiet Power

0/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $80M
  • 10-Q 208d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $26M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
2025N/AN/AN/AN/A
2024N/A$26MN/AN/A
2023N/AN/AN/AN/A
20221$5M$5MN/A
2021N/AN/AN/AN/A
20201$15M$15MN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Technology Acquisition
    25%
  • Bolt On
    25%
  • Platform
    25%
  • Geographic Expansion
    25%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • technology_acquisition
  • bolt_on
  • platform
  • geographic_expansion
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Our 2022 acquisition of Forensic Logic added investigative lead generation and search and analysis technology to our investigative tools portfolio.

10-KFY2022

Our 2020 acquisition of LEEDS provides entry into a comprehensive investigative case management solution.

10-KFY2020

Our acquisition of SafePointe added their AI-based weapons detection system to our SafetySmart platform.

10-KFY2024

We evaluate opportunities to develop or acquire complementary products and services.

10-KFY2022

The acquisition allows the Company to enter the AI-based weapons detection market.

10-KFY2024
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Software & IT

Market spend (2023–2025)
$217.7B
Market spend (2020–2022)
$197.1B
Recent vs prior
+10%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

72.5×EV / EBITDA

SSTI trades at a +58.1-turn premium to the Software & IT peer median of 14.3×.

EV / Revenue
0.8×
Net debt / EBITDA
N/A
Peer median EV / EBITDA
14.3×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
SoundThinking, Inc.SSTI
72.5×0.8×N/A$104M$26M
23.4×10.7×0.2×$64.1B$27.7B
15.5×9.8×0.0×$318.3B$75.4B
14.3×4.4×0.6×$41.5B$12.1B
11.0×3.7×-0.1×$6.4B$1.7B
7.6×2.8×0.1×$21.1B$10M

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Software & IT. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)92026-03-30
  • 10-Q (quarterly)262025-11-13
  • 8-K (event)842026-03-10
  • Proxy / DEF 14A212026-04-22
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

SoundThinking, Inc.: Issuer Brief | SE-Cluster