SoundHound AI Shares Fall 53% in 2026 as Operating Cash Use Rises

SoundHound AI (SOUN) shares closed at $4.72 on Oct. 16, down 52.7% from year-end, as revenue growth coincided with greater first-half cash outflow from operations. The Oct. 16 close at 4 p.m. ET (20:00 UTC) compared with $9.97 at 4 p.m. EST (21:00 UTC) on Dec. 31, 2025, producing a 52.7% price decline, or 53% rounded. The move came a day after SoundHound led a group of AI-linked stocks higher in U.S. trading . For the quarter ended June 30, revenue reached $61.9 million, up 45% from the year-earlier quarter. GAAP gross margin was 45.1%.

Source: TokenPost