Overview
- Nitesh Sharan will step down as chief financial officer on April 3 to join a quantum computing firm, with co-founder James Hom named interim CFO.
- Shares have dropped roughly 40% from their year-to-date high following the transition news, extending the stock’s recent volatility.
- Management is guiding for at least $225 million in 2026 revenue, about 33% above 2025, supported by a reported $1.2 billion subscription backlog.
- SoundHound reported about $169 million in 2025 revenue, nearly doubling year over year, after signing more than 100 customer deals across multiple industries.
- The company announced it will showcase a fully agentic, multimodal, multilingual AI platform that can run entirely on-device at NVIDIA GTC 2026.