Soundhound Ai, Inc.
SOUNRESTATEMENT RISKFILING INTENSITYSoundhound Ai, Inc. reads as Restatement Risk (composite 100/100); pressure / disclosure signals dominate the posture this cycle · primary market Software & IT.
Lens
Disclosed M&A capital (2023–2025)
$66M
vs N/A in 2020–2022
Disclosed transactions
4
2/3 active fiscal years in window
Buyer archetype
Selective Buyer
Acquisition use is visible but targeted.
Composite score
100
Restatement Risk dominates · Filing Intensity
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
Companies actively deploying disclosed capital into M&A
- $66M disclosed buyer spend
Buyer Cadence
Buyer-side companies with recent filing activity
- Filed within 33d
- 54 8-Ks
Target Probability
Issuers showing target-side patterns from filings
- Control-process language
- 8 activism filings
Spin/Carve
Issuers showing spin-off, carve-out, or sum-of-parts posture
- 8 activism filings
Pressure Watch
Issuers facing activism, governance, or control pressure
- 8 activism filings
- Latest activism 2.9y ago; discounted
- Control-process filings
Distress Watch
Issuers showing financial-distress filing patterns
- 10-Q 211d stale
- 8 activism filings
Restatement Risk
DominantIssuers with accounting-integrity flags from filings
- 2 non-reliance 8-Ks
- 4 auditor changes
- 6 NT late filings
- Latest event 1.3y ago
Capital Velocity
Issuers with the highest filing-activity intensity
- 54 8-Ks
- 5 form types
Quiet Power
Large issuers with low signal volume and clean disclosure cadence
- Enterprise value $3.5B
- 10-Q 211d ago
- 5 active signals
Capital cadence.
Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.
Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $55M · Peak count: 2
| FY | Disclosed buys | Disclosed spend | Avg ticket | Audited tier |
|---|---|---|---|---|
| 2025 | 2 | $55M | $27M | N/A |
| 2024 | 2 | $12M | $6M | N/A |
| 2023 | N/A | N/A | N/A | N/A |
| 2022 | 1 | N/A | N/A | N/A |
| 2021 | N/A | N/A | N/A | N/A |
| 2020 | N/A | N/A | N/A | N/A |
Strategy posture.
The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.
Archetype mix
- Bolt On25%
- Geographic Expansion25%
- Technology Acquisition25%
- Platform25%
Strategy keywords
Terms recurring across recent 10-K acquisition disclosures.
- geographic_expansion
- bolt_on
- technology_acquisition
- platform
Filing language.
Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.
“SoundHound has not entered into any agreements to acquire companies in the Voice AI industry, nor does it require consummation of mergers or acquisitions of other businesses to achieve its stated goals.”
“The combination will significantly extend its market reach to over 10,000 signed locations and accelerate the deployment of leading-edge generative AI capabilities to the industry.”
“if there are candidates that makes strategic, operational and financial sense, the combined company may consider such opportunities from time to time as they become available.”
“SoundHound’s acquisition of Synq3 is expected to expand its AI customer service solutions and create the largest Voice AI provider for restaurants.”
“The acquisition is expected to significantly extend the Company's market reach and accelerate the deployment of generative AI capabilities”
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
SOUN trades at a -63.2-turn discount to the Software & IT peer median of 14.3×.
- EV / Revenue
- 25.3×
- Net debt / EBITDA
- N/A
- Peer median EV / EBITDA
- 14.3×
Trading comparables
FMP market data · 2026-05-10
| Company | EV / EBITDA | EV / Rev | Net debt / EBITDA | Revenue | M&A 2023–2025 |
|---|---|---|---|---|---|
| 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 | |
Fiserv, Inc.FISV | 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.
Buyer landscape.
Public buyers whose stated archetypes, target categories, and recent cadence align with this issuer as a plausible acquisition target. Scores cross EDGAR signal and disclosure overlap.
Likely buyers
No public buyers surface as a strong target-side fit on current signal.
Likely sellers / divestiture partners
No reciprocal divestiture / strategic-alternatives matches identified.
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)52026-03-02
- 10-Q (quarterly)162025-11-10
- 8-K (event)542026-05-07
- Proxy / DEF 14A42026-04-09
- Activism (13D / DFAN / PREC)82023-07-25
Signals on file
- critical
Non-reliance disclosure
2022-01-102 Item 4.02 filings on file; financial-statement non-reliance.
- elevated
Auditor change
2023-09-134 Item 4.01 filings on file; certifying accountant change.
- watch
Late-filing notice
2025-03-046 NT 10-K/10-Q filings on file.
- elevated
Activism on file
2023-07-258 activist filings on file (13D, DFAN14A, PREC14A series).
- info
Signal
Serial acquisition history
- info
Signal
10-K strategy themes
- info
Signal
Recent transaction activity
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.