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Side-by-side financial comparison of Day One Biopharmaceuticals, Inc. (DAWN) and SOUNDHOUND AI, INC. (SOUN). Click either name above to swap in a different company.

SOUNDHOUND AI, INC. is the larger business by last-quarter revenue ($55.1M vs $39.8M, roughly 1.4× Day One Biopharmaceuticals, Inc.). SOUNDHOUND AI, INC. runs the higher net margin — 72.8% vs -49.6%, a 122.3% gap on every dollar of revenue. On growth, SOUNDHOUND AI, INC. posted the faster year-over-year revenue change (59.4% vs -57.6%).

Day One Biopharmaceuticals is a clinical-stage biopharmaceutical firm focused on developing targeted precision oncology therapies for pediatric and young adult patients with genetically driven cancers. It advances novel drug candidates to address unmet medical needs in underserved patient segments, operating primarily in the U.S. and partnering with global oncology research institutions.

SoundHound AI, Inc. is an American music and speech recognition company based in Santa Clara, California. It was originally founded as Melodis in 2005 before rebranding to SoundHound Inc. in 2010, and SoundHound AI in 2022.

DAWN vs SOUN — Head-to-Head

Bigger by revenue
SOUN
SOUN
1.4× larger
SOUN
$55.1M
$39.8M
DAWN
Growing faster (revenue YoY)
SOUN
SOUN
+116.9% gap
SOUN
59.4%
-57.6%
DAWN
Higher net margin
SOUN
SOUN
122.3% more per $
SOUN
72.8%
-49.6%
DAWN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
DAWN
DAWN
SOUN
SOUN
Revenue
$39.8M
$55.1M
Net Profit
$-19.7M
$40.1M
Gross Margin
47.9%
Operating Margin
-60.9%
77.3%
Net Margin
-49.6%
72.8%
Revenue YoY
-57.6%
59.4%
Net Profit YoY
-153.3%
115.5%
EPS (diluted)
$-0.19
$-0.13

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DAWN
DAWN
SOUN
SOUN
Q4 25
$55.1M
Q3 25
$39.8M
$42.0M
Q2 25
$33.9M
$42.7M
Q1 25
$30.8M
$29.1M
Q4 24
$34.5M
Q3 24
$93.8M
$25.1M
Q2 24
$13.5M
Q1 24
$0
$11.6M
Net Profit
DAWN
DAWN
SOUN
SOUN
Q4 25
$40.1M
Q3 25
$-19.7M
$-109.3M
Q2 25
$-30.3M
$-74.7M
Q1 25
$-36.0M
$129.9M
Q4 24
$-258.6M
Q3 24
$37.0M
$-21.8M
Q2 24
$-37.3M
Q1 24
$-62.4M
$-33.0M
Gross Margin
DAWN
DAWN
SOUN
SOUN
Q4 25
47.9%
Q3 25
42.6%
Q2 25
39.0%
Q1 25
36.5%
Q4 24
39.9%
Q3 24
48.6%
Q2 24
63.0%
Q1 24
59.7%
Operating Margin
DAWN
DAWN
SOUN
SOUN
Q4 25
77.3%
Q3 25
-60.9%
-275.6%
Q2 25
-103.1%
-182.9%
Q1 25
-133.5%
Q4 24
-744.2%
Q3 24
31.6%
-134.6%
Q2 24
-163.3%
Q1 24
-246.1%
Net Margin
DAWN
DAWN
SOUN
SOUN
Q4 25
72.8%
Q3 25
-49.6%
-259.9%
Q2 25
-89.4%
-175.1%
Q1 25
-117.0%
446.1%
Q4 24
-748.6%
Q3 24
39.5%
-86.7%
Q2 24
-277.2%
Q1 24
-284.7%
EPS (diluted)
DAWN
DAWN
SOUN
SOUN
Q4 25
$-0.13
Q3 25
$-0.19
$-0.27
Q2 25
$-0.29
$-0.19
Q1 25
$-0.35
$0.31
Q4 24
$-0.75
Q3 24
$0.38
$-0.06
Q2 24
$-0.11
Q1 24
$-0.72
$-0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DAWN
DAWN
SOUN
SOUN
Cash + ST InvestmentsLiquidity on hand
$451.6M
$248.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$450.9M
$463.8M
Total Assets
$513.8M
$688.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DAWN
DAWN
SOUN
SOUN
Q4 25
$248.5M
Q3 25
$451.6M
$268.9M
Q2 25
$453.1M
$230.3M
Q1 25
$473.0M
$245.8M
Q4 24
$198.2M
Q3 24
$558.4M
$135.6M
Q2 24
$200.2M
Q1 24
$317.9M
$211.7M
Total Debt
DAWN
DAWN
SOUN
SOUN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
$85.5M
Stockholders' Equity
DAWN
DAWN
SOUN
SOUN
Q4 25
$463.8M
Q3 25
$450.9M
$399.2M
Q2 25
$460.8M
$359.8M
Q1 25
$479.5M
$397.0M
Q4 24
$182.7M
Q3 24
$555.5M
$296.0M
Q2 24
$223.9M
Q1 24
$296.8M
$155.5M
Total Assets
DAWN
DAWN
SOUN
SOUN
Q4 25
$688.2M
Q3 25
$513.8M
$702.2M
Q2 25
$519.0M
$579.5M
Q1 25
$534.4M
$587.5M
Q4 24
$554.0M
Q3 24
$600.8M
$499.7M
Q2 24
$266.7M
Q1 24
$326.6M
$287.4M
Debt / Equity
DAWN
DAWN
SOUN
SOUN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.00×
Q3 24
Q2 24
Q1 24
0.55×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DAWN
DAWN
SOUN
SOUN
Operating Cash FlowLast quarter
$-5.8M
$-21.9M
Free Cash FlowOCF − Capex
$-22.3M
FCF MarginFCF / Revenue
-40.4%
Capex IntensityCapex / Revenue
0.0%
0.7%
Cash ConversionOCF / Net Profit
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$-99.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DAWN
DAWN
SOUN
SOUN
Q4 25
$-21.9M
Q3 25
$-5.8M
$-32.7M
Q2 25
$-24.8M
$-24.5M
Q1 25
$-59.0M
$-19.2M
Q4 24
$-33.1M
Q3 24
$50.8M
$-35.3M
Q2 24
$-18.5M
Q1 24
$-49.7M
$-21.9M
Free Cash Flow
DAWN
DAWN
SOUN
SOUN
Q4 25
$-22.3M
Q3 25
$-32.8M
Q2 25
$-24.8M
$-24.7M
Q1 25
$-59.3M
$-19.3M
Q4 24
$-33.2M
Q3 24
$50.0M
$-35.5M
Q2 24
$-18.7M
Q1 24
$-22.0M
FCF Margin
DAWN
DAWN
SOUN
SOUN
Q4 25
-40.4%
Q3 25
-78.1%
Q2 25
-73.2%
-57.8%
Q1 25
-192.8%
-66.4%
Q4 24
-96.1%
Q3 24
53.4%
-141.6%
Q2 24
-139.1%
Q1 24
-190.2%
Capex Intensity
DAWN
DAWN
SOUN
SOUN
Q4 25
0.7%
Q3 25
0.0%
0.4%
Q2 25
0.0%
0.4%
Q1 25
1.0%
0.6%
Q4 24
0.2%
Q3 24
0.8%
0.9%
Q2 24
1.8%
Q1 24
0.9%
Cash Conversion
DAWN
DAWN
SOUN
SOUN
Q4 25
-0.55×
Q3 25
Q2 25
Q1 25
-0.15×
Q4 24
Q3 24
1.37×
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

DAWN
DAWN

Products$38.5M97%
License Agreement With Ipsen Pharma Sas$1.3M3%

SOUN
SOUN

Hosted Services$37.7M68%
Licensing$12.6M23%
Professional Service$4.6M8%

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