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Side-by-side financial comparison of SOUNDHOUND AI, INC. (SOUN) and Upland Software, Inc. (UPLD). Click either name above to swap in a different company.

SOUNDHOUND AI, INC. is the larger business by last-quarter revenue ($55.1M vs $49.3M, roughly 1.1× Upland Software, Inc.). On growth, SOUNDHOUND AI, INC. posted the faster year-over-year revenue change (59.4% vs -27.5%). Upland Software, Inc. produced more free cash flow last quarter ($7.2M vs $-22.3M). Over the past eight quarters, SOUNDHOUND AI, INC.'s revenue compounded faster (117.9% CAGR vs -16.5%).

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.

Upland Software, Inc. is a global provider of cloud-based enterprise work management solutions. It offers products covering project portfolio management, customer engagement, IT service management, and financial automation, serving businesses of all sizes across North America, Europe, and Asia-Pacific in tech, healthcare, and professional services sectors.

SOUN vs UPLD — Head-to-Head

Bigger by revenue
SOUN
SOUN
1.1× larger
SOUN
$55.1M
$49.3M
UPLD
Growing faster (revenue YoY)
SOUN
SOUN
+86.9% gap
SOUN
59.4%
-27.5%
UPLD
More free cash flow
UPLD
UPLD
$29.5M more FCF
UPLD
$7.2M
$-22.3M
SOUN
Faster 2-yr revenue CAGR
SOUN
SOUN
Annualised
SOUN
117.9%
-16.5%
UPLD

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
SOUN
SOUN
UPLD
UPLD
Revenue
$55.1M
$49.3M
Net Profit
$40.1M
Gross Margin
47.9%
76.5%
Operating Margin
77.3%
14.5%
Net Margin
72.8%
Revenue YoY
59.4%
-27.5%
Net Profit YoY
115.5%
EPS (diluted)
$-0.13
$0.01

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
SOUN
SOUN
UPLD
UPLD
Q4 25
$55.1M
$49.3M
Q3 25
$42.0M
$50.5M
Q2 25
$42.7M
$53.4M
Q1 25
$29.1M
$63.7M
Q4 24
$34.5M
$68.0M
Q3 24
$25.1M
$66.7M
Q2 24
$13.5M
$69.3M
Q1 24
$11.6M
$70.7M
Net Profit
SOUN
SOUN
UPLD
UPLD
Q4 25
$40.1M
Q3 25
$-109.3M
$-1.1M
Q2 25
$-74.7M
$-13.0M
Q1 25
$129.9M
$-25.8M
Q4 24
$-258.6M
Q3 24
$-21.8M
$-1.7M
Q2 24
$-37.3M
$-11.4M
Q1 24
$-33.0M
$-96.1M
Gross Margin
SOUN
SOUN
UPLD
UPLD
Q4 25
47.9%
76.5%
Q3 25
42.6%
76.9%
Q2 25
39.0%
74.8%
Q1 25
36.5%
71.6%
Q4 24
39.9%
70.8%
Q3 24
48.6%
70.5%
Q2 24
63.0%
70.5%
Q1 24
59.7%
70.2%
Operating Margin
SOUN
SOUN
UPLD
UPLD
Q4 25
77.3%
14.5%
Q3 25
-275.6%
10.6%
Q2 25
-182.9%
-13.2%
Q1 25
-1.7%
Q4 24
-744.2%
-2.9%
Q3 24
-134.6%
-5.0%
Q2 24
-163.3%
-7.7%
Q1 24
-246.1%
-129.6%
Net Margin
SOUN
SOUN
UPLD
UPLD
Q4 25
72.8%
Q3 25
-259.9%
-2.2%
Q2 25
-175.1%
-24.4%
Q1 25
446.1%
-40.6%
Q4 24
-748.6%
Q3 24
-86.7%
-2.6%
Q2 24
-277.2%
-16.5%
Q1 24
-284.7%
-135.9%
EPS (diluted)
SOUN
SOUN
UPLD
UPLD
Q4 25
$-0.13
$0.01
Q3 25
$-0.27
$-0.09
Q2 25
$-0.19
$-0.51
Q1 25
$0.31
$-0.97
Q4 24
$-0.75
$-0.30
Q3 24
$-0.06
$-0.12
Q2 24
$-0.11
$-0.47
Q1 24
$-0.12
$-3.37

Balance Sheet & Financial Strength

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

Metric
SOUN
SOUN
UPLD
UPLD
Cash + ST InvestmentsLiquidity on hand
$248.5M
$29.4M
Total DebtLower is stronger
$232.4M
Stockholders' EquityBook value
$463.8M
$-48.4M
Total Assets
$688.2M
$413.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SOUN
SOUN
UPLD
UPLD
Q4 25
$248.5M
$29.4M
Q3 25
$268.9M
$22.8M
Q2 25
$230.3M
$41.0M
Q1 25
$245.8M
$33.7M
Q4 24
$198.2M
$56.4M
Q3 24
$135.6M
$59.7M
Q2 24
$200.2M
$232.4M
Q1 24
$211.7M
$231.6M
Total Debt
SOUN
SOUN
UPLD
UPLD
Q4 25
$232.4M
Q3 25
Q2 25
Q1 25
Q4 24
$0
$290.2M
Q3 24
Q2 24
Q1 24
$85.5M
Stockholders' Equity
SOUN
SOUN
UPLD
UPLD
Q4 25
$463.8M
$-48.4M
Q3 25
$399.2M
$-47.3M
Q2 25
$359.8M
$-42.4M
Q1 25
$397.0M
$-37.8M
Q4 24
$182.7M
$-18.3M
Q3 24
$296.0M
$907.0K
Q2 24
$223.9M
$6.5M
Q1 24
$155.5M
$20.1M
Total Assets
SOUN
SOUN
UPLD
UPLD
Q4 25
$688.2M
$413.2M
Q3 25
$702.2M
$409.1M
Q2 25
$579.5M
$441.7M
Q1 25
$587.5M
$457.0M
Q4 24
$554.0M
$529.5M
Q3 24
$499.7M
$554.9M
Q2 24
$266.7M
$739.9M
Q1 24
$287.4M
$754.9M
Debt / Equity
SOUN
SOUN
UPLD
UPLD
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
SOUN
SOUN
UPLD
UPLD
Operating Cash FlowLast quarter
$-21.9M
$7.3M
Free Cash FlowOCF − Capex
$-22.3M
$7.2M
FCF MarginFCF / Revenue
-40.4%
14.7%
Capex IntensityCapex / Revenue
0.7%
0.2%
Cash ConversionOCF / Net Profit
-0.55×
TTM Free Cash FlowTrailing 4 quarters
$-99.1M
$24.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SOUN
SOUN
UPLD
UPLD
Q4 25
$-21.9M
$7.3M
Q3 25
$-32.7M
$6.9M
Q2 25
$-24.5M
$3.3M
Q1 25
$-19.2M
$8.3M
Q4 24
$-33.1M
$9.3M
Q3 24
$-35.3M
$4.3M
Q2 24
$-18.5M
$5.5M
Q1 24
$-21.9M
$5.1M
Free Cash Flow
SOUN
SOUN
UPLD
UPLD
Q4 25
$-22.3M
$7.2M
Q3 25
$-32.8M
$6.7M
Q2 25
$-24.7M
$2.7M
Q1 25
$-19.3M
$7.9M
Q4 24
$-33.2M
$9.0M
Q3 24
$-35.5M
$4.2M
Q2 24
$-18.7M
$5.2M
Q1 24
$-22.0M
$4.9M
FCF Margin
SOUN
SOUN
UPLD
UPLD
Q4 25
-40.4%
14.7%
Q3 25
-78.1%
13.2%
Q2 25
-57.8%
5.0%
Q1 25
-66.4%
12.4%
Q4 24
-96.1%
13.3%
Q3 24
-141.6%
6.3%
Q2 24
-139.1%
7.5%
Q1 24
-190.2%
7.0%
Capex Intensity
SOUN
SOUN
UPLD
UPLD
Q4 25
0.7%
0.2%
Q3 25
0.4%
0.4%
Q2 25
0.4%
1.2%
Q1 25
0.6%
0.7%
Q4 24
0.2%
0.5%
Q3 24
0.9%
0.2%
Q2 24
1.8%
0.4%
Q1 24
0.9%
0.3%
Cash Conversion
SOUN
SOUN
UPLD
UPLD
Q4 25
-0.55×
Q3 25
Q2 25
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

SOUN
SOUN

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

UPLD
UPLD

Segment breakdown not available.

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