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Side-by-side financial comparison of DYNEX CAPITAL INC (DX) 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 $43.5M, roughly 1.3× DYNEX CAPITAL INC). On growth, DYNEX CAPITAL INC posted the faster year-over-year revenue change (531.3% vs 59.4%). Over the past eight quarters, SOUNDHOUND AI, INC.'s revenue compounded faster (117.9% CAGR vs 75.8%).

Dynex Capital Inc. is a publicly traded real estate investment trust headquartered in the United States. It specializes in investing in and managing a diversified portfolio of mortgage-backed securities, residential and commercial mortgage loans, and other mortgage-related assets. It delivers consistent returns to shareholders via regular dividends and long-term capital growth.

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.

DX vs SOUN — Head-to-Head

Bigger by revenue
SOUN
SOUN
1.3× larger
SOUN
$55.1M
$43.5M
DX
Growing faster (revenue YoY)
DX
DX
+471.9% gap
DX
531.3%
59.4%
SOUN
Faster 2-yr revenue CAGR
SOUN
SOUN
Annualised
SOUN
117.9%
75.8%
DX

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DX
DX
SOUN
SOUN
Revenue
$43.5M
$55.1M
Net Profit
$40.1M
Gross Margin
47.9%
Operating Margin
77.3%
Net Margin
72.8%
Revenue YoY
531.3%
59.4%
Net Profit YoY
115.5%
EPS (diluted)
$1.59
$-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
DX
DX
SOUN
SOUN
Q4 25
$43.5M
$55.1M
Q3 25
$30.6M
$42.0M
Q2 25
$23.1M
$42.7M
Q1 25
$17.1M
$29.1M
Q4 24
$34.5M
Q3 24
$25.1M
Q2 24
$13.5M
Q1 24
$-3.2M
$11.6M
Net Profit
DX
DX
SOUN
SOUN
Q4 25
$40.1M
Q3 25
$150.4M
$-109.3M
Q2 25
$-13.6M
$-74.7M
Q1 25
$-3.1M
$129.9M
Q4 24
$-258.6M
Q3 24
$-21.8M
Q2 24
$-37.3M
Q1 24
$40.1M
$-33.0M
Gross Margin
DX
DX
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
DX
DX
SOUN
SOUN
Q4 25
77.3%
Q3 25
-275.6%
Q2 25
-182.9%
Q1 25
Q4 24
-744.2%
Q3 24
-134.6%
Q2 24
-163.3%
Q1 24
-246.1%
Net Margin
DX
DX
SOUN
SOUN
Q4 25
72.8%
Q3 25
491.3%
-259.9%
Q2 25
-58.8%
-175.1%
Q1 25
-18.0%
446.1%
Q4 24
-748.6%
Q3 24
-86.7%
Q2 24
-277.2%
Q1 24
-1256.8%
-284.7%
EPS (diluted)
DX
DX
SOUN
SOUN
Q4 25
$1.59
$-0.13
Q3 25
$1.08
$-0.27
Q2 25
$-0.14
$-0.19
Q1 25
$-0.06
$0.31
Q4 24
$-0.75
Q3 24
$-0.06
Q2 24
$-0.11
Q1 24
$0.64
$-0.12

Balance Sheet & Financial Strength

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

Metric
DX
DX
SOUN
SOUN
Cash + ST InvestmentsLiquidity on hand
$531.0M
$248.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.5B
$463.8M
Total Assets
$17.3B
$688.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DX
DX
SOUN
SOUN
Q4 25
$531.0M
$248.5M
Q3 25
$491.0M
$268.9M
Q2 25
$387.5M
$230.3M
Q1 25
$327.4M
$245.8M
Q4 24
$198.2M
Q3 24
$135.6M
Q2 24
$200.2M
Q1 24
$295.7M
$211.7M
Total Debt
DX
DX
SOUN
SOUN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$0
Q3 24
Q2 24
Q1 24
$85.5M
Stockholders' Equity
DX
DX
SOUN
SOUN
Q4 25
$2.5B
$463.8M
Q3 25
$2.0B
$399.2M
Q2 25
$1.6B
$359.8M
Q1 25
$1.4B
$397.0M
Q4 24
$182.7M
Q3 24
$296.0M
Q2 24
$223.9M
Q1 24
$958.5M
$155.5M
Total Assets
DX
DX
SOUN
SOUN
Q4 25
$17.3B
$688.2M
Q3 25
$14.2B
$702.2M
Q2 25
$11.3B
$579.5M
Q1 25
$9.0B
$587.5M
Q4 24
$554.0M
Q3 24
$499.7M
Q2 24
$266.7M
Q1 24
$6.3B
$287.4M
Debt / Equity
DX
DX
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
DX
DX
SOUN
SOUN
Operating Cash FlowLast quarter
$120.8M
$-21.9M
Free Cash FlowOCF − Capex
$-22.3M
FCF MarginFCF / Revenue
-40.4%
Capex IntensityCapex / Revenue
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
DX
DX
SOUN
SOUN
Q4 25
$120.8M
$-21.9M
Q3 25
$68.3M
$-32.7M
Q2 25
$31.9M
$-24.5M
Q1 25
$6.4M
$-19.2M
Q4 24
$-33.1M
Q3 24
$-35.3M
Q2 24
$-18.5M
Q1 24
$-17.1M
$-21.9M
Free Cash Flow
DX
DX
SOUN
SOUN
Q4 25
$-22.3M
Q3 25
$-32.8M
Q2 25
$-24.7M
Q1 25
$-19.3M
Q4 24
$-33.2M
Q3 24
$-35.5M
Q2 24
$-18.7M
Q1 24
$-22.0M
FCF Margin
DX
DX
SOUN
SOUN
Q4 25
-40.4%
Q3 25
-78.1%
Q2 25
-57.8%
Q1 25
-66.4%
Q4 24
-96.1%
Q3 24
-141.6%
Q2 24
-139.1%
Q1 24
-190.2%
Capex Intensity
DX
DX
SOUN
SOUN
Q4 25
0.7%
Q3 25
0.4%
Q2 25
0.4%
Q1 25
0.6%
Q4 24
0.2%
Q3 24
0.9%
Q2 24
1.8%
Q1 24
0.9%
Cash Conversion
DX
DX
SOUN
SOUN
Q4 25
-0.55×
Q3 25
0.45×
Q2 25
Q1 25
-0.15×
Q4 24
Q3 24
Q2 24
Q1 24
-0.43×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DX
DX

Segment breakdown not available.

SOUN
SOUN

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

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