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Side-by-side financial comparison of Prairie Operating Co. (PROP) and SOUNDHOUND AI, INC. (SOUN). Click either name above to swap in a different company.

Prairie Operating Co. is the larger business by last-quarter revenue ($77.7M vs $55.1M, roughly 1.4× SOUNDHOUND AI, INC.). SOUNDHOUND AI, INC. runs the higher net margin — 72.8% vs 1.7%, a 71.1% gap on every dollar of revenue. Over the past eight quarters, Prairie Operating Co.'s revenue compounded faster (9784.4% CAGR vs 117.9%).

Prairie Farms Dairy is a dairy cooperative founded in Carlinville, Illinois, and now headquartered in Edwardsville, Illinois. As a dairy cooperative, Prairie Farms receives milk from producers and converts it into many different products, including cheese, butter, ice cream, sour cream, cottage cheese, various dips, yogurt, and fluid milk. Prairie Farms also produces and sells juices, flavored drinks, and pre-made iced tea.

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.

PROP vs SOUN — Head-to-Head

Bigger by revenue
PROP
PROP
1.4× larger
PROP
$77.7M
$55.1M
SOUN
Higher net margin
SOUN
SOUN
71.1% more per $
SOUN
72.8%
1.7%
PROP
Faster 2-yr revenue CAGR
PROP
PROP
Annualised
PROP
9784.4%
117.9%
SOUN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PROP
PROP
SOUN
SOUN
Revenue
$77.7M
$55.1M
Net Profit
$1.3M
$40.1M
Gross Margin
47.9%
Operating Margin
34.8%
77.3%
Net Margin
1.7%
72.8%
Revenue YoY
59.4%
Net Profit YoY
111.3%
115.5%
EPS (diluted)
$-0.44
$-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
PROP
PROP
SOUN
SOUN
Q4 25
$55.1M
Q3 25
$77.7M
$42.0M
Q2 25
$68.1M
$42.7M
Q1 25
$13.6M
$29.1M
Q4 24
$34.5M
Q3 24
$0
$25.1M
Q2 24
$13.5M
Q1 24
$11.6M
Net Profit
PROP
PROP
SOUN
SOUN
Q4 25
$40.1M
Q3 25
$1.3M
$-109.3M
Q2 25
$35.7M
$-74.7M
Q1 25
$-2.6M
$129.9M
Q4 24
$-258.6M
Q3 24
$-11.4M
$-21.8M
Q2 24
$-37.3M
Q1 24
$-33.0M
Gross Margin
PROP
PROP
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
PROP
PROP
SOUN
SOUN
Q4 25
77.3%
Q3 25
34.8%
-275.6%
Q2 25
27.8%
-182.9%
Q1 25
12.9%
Q4 24
-744.2%
Q3 24
-134.6%
Q2 24
-163.3%
Q1 24
-246.1%
Net Margin
PROP
PROP
SOUN
SOUN
Q4 25
72.8%
Q3 25
1.7%
-259.9%
Q2 25
52.4%
-175.1%
Q1 25
-19.3%
446.1%
Q4 24
-748.6%
Q3 24
-86.7%
Q2 24
-277.2%
Q1 24
-284.7%
EPS (diluted)
PROP
PROP
SOUN
SOUN
Q4 25
$-0.13
Q3 25
$-0.44
$-0.27
Q2 25
$0.18
$-0.19
Q1 25
$-3.49
$0.31
Q4 24
$-0.75
Q3 24
$-0.68
$-0.06
Q2 24
$-0.11
Q1 24
$-0.12

Balance Sheet & Financial Strength

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

Metric
PROP
PROP
SOUN
SOUN
Cash + ST InvestmentsLiquidity on hand
$10.6M
$248.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$101.8M
$463.8M
Total Assets
$939.8M
$688.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PROP
PROP
SOUN
SOUN
Q4 25
$248.5M
Q3 25
$10.6M
$268.9M
Q2 25
$10.7M
$230.3M
Q1 25
$15.0M
$245.8M
Q4 24
$198.2M
Q3 24
$40.1M
$135.6M
Q2 24
$200.2M
Q1 24
$211.7M
Total Debt
PROP
PROP
SOUN
SOUN
Q4 25
Q3 25
Q2 25
$387.0M
Q1 25
$377.0M
Q4 24
$0
Q3 24
Q2 24
Q1 24
$85.5M
Stockholders' Equity
PROP
PROP
SOUN
SOUN
Q4 25
$463.8M
Q3 25
$101.8M
$399.2M
Q2 25
$94.2M
$359.8M
Q1 25
$34.0M
$397.0M
Q4 24
$182.7M
Q3 24
$61.3M
$296.0M
Q2 24
$223.9M
Q1 24
$155.5M
Total Assets
PROP
PROP
SOUN
SOUN
Q4 25
$688.2M
Q3 25
$939.8M
$702.2M
Q2 25
$858.5M
$579.5M
Q1 25
$775.4M
$587.5M
Q4 24
$554.0M
Q3 24
$107.2M
$499.7M
Q2 24
$266.7M
Q1 24
$287.4M
Debt / Equity
PROP
PROP
SOUN
SOUN
Q4 25
Q3 25
Q2 25
4.11×
Q1 25
11.07×
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
PROP
PROP
SOUN
SOUN
Operating Cash FlowLast quarter
$57.7M
$-21.9M
Free Cash FlowOCF − Capex
$-22.3M
FCF MarginFCF / Revenue
-40.4%
Capex IntensityCapex / Revenue
0.7%
Cash ConversionOCF / Net Profit
44.80×
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$-99.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PROP
PROP
SOUN
SOUN
Q4 25
$-21.9M
Q3 25
$57.7M
$-32.7M
Q2 25
$-7.2M
$-24.5M
Q1 25
$16.9M
$-19.2M
Q4 24
$-33.1M
Q3 24
$2.8M
$-35.3M
Q2 24
$-18.5M
Q1 24
$-21.9M
Free Cash Flow
PROP
PROP
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
PROP
PROP
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
PROP
PROP
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
PROP
PROP
SOUN
SOUN
Q4 25
-0.55×
Q3 25
44.80×
Q2 25
-0.20×
Q1 25
-0.15×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PROP
PROP

Crude Oil Sales$64.9M84%
Natural Gas Sales$7.6M10%
Natural Gas Liquids Reserves$5.2M7%

SOUN
SOUN

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

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