Soundhound Ai (SOUN) Operating Leases (2021 - 2026)
Soundhound Ai (SOUN) reported Operating Leases of $3.2 million for Q1 2026, up 26.13% on a YoY basis from $2.5 million in Q1 2025, and up 53.99% sequentially from $2.1 million in Q4 2025.
Soundhound Ai (SOUN) Operating Leases (2021 - 2026) Analysis & Trends
Soundhound Ai (SOUN) has 6 years of Operating Leases data on file, last reported at $3.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Leases rose 26.13% year-over-year to $3.2 million; the trailing twelve-month figure through Mar 2026 stood at $3.2 million (up 26.13% YoY), and the FY2025 full-year result was $2.1 million, down 13.9% from the prior year.
- Operating Leases grew to $3.2 million in Q1 2026, from $2.1 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $7.1 million in Q2 2022 to a low of $2.1 million in Q1 2024.
- A 5-year average of $3.5 million and a median of $2.8 million in 2023 frame the typical range for Operating Leases.
- Across the five-year window, Operating Leases sank 59.07% in 2024 and rose 26.13% in 2026, its largest moves.
- Tracing SOUN's Operating Leases over 5 years: stood at $5.7 million in 2022, then sank by 45.95% to $3.1 million in 2023, then dropped by 22.21% to $2.4 million in 2024, then slipped by 13.9% to $2.1 million in 2025, then jumped by 53.99% to $3.2 million in 2026.
- Business Quant data shows SOUN's Operating Leases at $3.2 million in Q1 2026, $2.1 million in Q4 2025, and $2.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn |
| 10 | Soundhound Ai | 2.62 Bn | 2.41 Bn | 13.74 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.19 Mn |
| Dec 31, 2025 | 2.07 Mn |
| Sep 30, 2025 | 2.48 Mn |
| Jun 30, 2025 | 2.27 Mn |
| Mar 31, 2025 | 2.53 Mn |
| Dec 31, 2024 | 2.40 Mn |
| Sep 30, 2024 | 2.24 Mn |
| Jun 30, 2024 | 2.18 Mn |
| Mar 31, 2024 | 2.07 Mn |
| Dec 31, 2023 | 3.09 Mn |
| Sep 30, 2023 | 3.66 Mn |
| Jun 30, 2023 | 4.36 Mn |
| Mar 31, 2023 | 5.05 Mn |
| Dec 31, 2022 | 5.72 Mn |
| Sep 30, 2022 | 6.24 Mn |
| Jun 30, 2022 | 7.12 Mn |
| Dec 31, 2021 | 8.61 Mn |