SoundHound AI’s stock (NASDAQ: SOUN) spent today consolidating after a volatile month that has seen the voice-AI specialist surge, wobble, and quickly become one of the most talked-about artificial intelligence names on Wall Street.
As of late trading on November 25, 2025, SOUN is changing hands around $11.94, essentially flat on the day, after trading between roughly $11.37 and $12.16 on heavy volume of about 19 million shares.
Below is a detailed look at how SOUN stock is trading today, what’s driving sentiment, and the key metrics investors are focusing on.
SOUN stock price today: a pause after a powerful run
Today’s session was relatively calm for SOUN, with the price hovering near $12 and showing only a tiny gain of about 0.04% versus the prior close — a rounding error after the huge swings seen earlier in November.
Over the last few weeks:
- Financial media noted that SoundHound’s share price roughly tripled earlier this month as investors piled into AI names, especially those with real revenue growth. 24/7 Wall St.
- The stock now trades between its 52‑week low near $6.52 and a 52‑week high around $24.98, illustrating just how volatile the ride has been. StockInvest
- Investor’s Business Daily recently reported that SoundHound’s Relative Strength (RS) Rating was upgraded to 85, meaning its price performance over the last year has outpaced most of the market. Investors
In short: today’s flat action looks more like a breather than a trend change. The stock is still sitting on large gains from its recent breakout, but well below its 52‑week peak, keeping both bulls and bears active.
New Parkopedia partnership keeps SoundHound in the automotive spotlight
The big headline catalyst today is SoundHound AI’s expanded partnership with Parkopedia, a major connected-car services provider.
According to a joint announcement, SoundHound and Parkopedia are rolling out an in‑vehicle voice AI parking search and payment agent that plugs directly into SoundHound’s in‑car voice commerce platform. MarketScreener
Key points from the new deal:
- The solution taps Parkopedia’s global database of over 90 million parking spaces across more than 20,000 cities worldwide. Stock Titan
- Drivers will be able to find parking, compare real‑time prices and availability, reserve a spot, and complete payment — all using voice commands. Stock Titan
- The system is designed to offer proactive recommendations, such as suggesting parking near a destination or surfacing special offers (like “first hour free”) when available. Stock Titan
- The companies plan to showcase the new voice parking agent at CES 2026 in Las Vegas, signaling that automotive OEMs and partners are a major target audience. Stock Titan
For SOUN stockholders, this matters because it:
- Deepens SoundHound’s automotive beachhead – Parkopedia is used broadly across the auto industry, and integrating payments into voice search is a logical next step in “agentic” in-car commerce.
- Strengthens the company’s narrative around conversational AI that doesn’t just answer questions, but completes transactions.
- Potentially expands usage-based and licensing revenue if automakers roll the solution out at scale.
Today’s muted share-price reaction largely reflects that the market already expects automotive partnerships and integrations from SoundHound — but the breadth (90M+ spaces, 20k+ cities) helps reinforce the long-term story. Stock Titan
Q3 2025 recap: record revenue, raised guidance, and big GAAP losses
Today’s trading also continues to digest Q3 2025 earnings, reported on November 6.
From the company’s latest quarterly release: SoundHound AI
- Revenue:
- Q3 2025 revenue came in at $42.0 million, up 68% year over year from about $25.1 million.
- Profitability:
- GAAP net loss widened to roughly $109 million, largely due to non‑cash items tied to contingent acquisition liabilities that increase when the stock price rises.
- On a non‑GAAP basis, net loss narrowed to about $13.0 million, versus roughly $15.0 million a year ago.
- Adjusted EBITDA improved to a loss of about $14.5 million, compared with a $15.9 million loss a year prior.
- Margins:
- Non‑GAAP gross margin held around 59%, roughly flat year over year, even as the business scaled.
- Balance sheet:
- SoundHound ended the quarter with about $269 million in cash and cash equivalents and no debt, giving it a solid liquidity buffer while it pursues growth.
Importantly, management raised full‑year 2025 revenue guidance to a range of $165–$180 million, signaling confidence that strong deal momentum can continue into Q4. SoundHound AI
Analyst and media coverage has generally highlighted this combination of rapid top‑line growth, ongoing losses, and ambitious guidance, framing SoundHound as a classic high‑growth, high‑risk AI play. Nasdaq
How the market is valuing SOUN stock right now
Despite today’s flat move, SOUN is still priced as a high‑expectations growth stock.
Based on recent data from several financial platforms:
- SoundHound’s market cap currently sits around $4.7–$5.0 billion. StockInvest
- Over the last 12 months, the company generated roughly $148 million in trailing revenue, implying a price‑to‑sales (P/S) ratio in the low‑30s (around 31–33x). FinanceCharts
- SoundHound is not yet profitable, and traditional P/E ratios are not meaningful because earnings per share remain negative. Morningstar
- Shares outstanding have grown to roughly 420 million, up nearly 29% in the last year, reflecting equity issuance tied to growth investments and acquisitions. StockAnalysis
That combination — rapid revenue growth, large GAAP losses, heavy stock‑based compensation, and a rich P/S multiple — is exactly why some commentators argue the stock is priced for very optimistic outcomes. Several valuation-focused analyses point out that SoundHound trades at a much higher P/S ratio than many software or AI peers, even after the recent pullback from its highs. KoalaGains
For investors, the key question is whether the company can grow into this valuation fast enough through sustained revenue expansion and a clear path to profitability.
Why bulls like SOUN: AI leadership, real deployments, and strong demand
Despite the risks, there are several reasons bullish investors continue to focus on SOUN stock.
1. Strong, diversified revenue growth
SoundHound is one of the few smaller AI companies delivering strong, sustained double‑digit (and recently high‑double‑digit) revenue growth. Nasdaq
Growth is coming from multiple verticals:
- Restaurants & hospitality:
The company has signed and expanded deals with major chains such as MOD Pizza, Habit Burger, Red Lobster, Peet’s Coffee, Firehouse Subs, Five Guys, and McAlister’s Deli, rolling out voice ordering and “Smart Answering” solutions across hundreds or thousands of locations. SoundHound AI - Enterprise & contact centers:
The acquisition of Interactions and the launch of the Amelia agent platform have broadened SoundHound’s reach into enterprise customer experience and IT automation. SoundHound AI - Automotive & mobility:
Beyond the Parkopedia parking agent, SoundHound’s generative AI assistant is already in vehicles from major brands, including Jeep in Europe, where it powers an in‑car voice assistant capable of both vehicle control and general knowledge queries. SoundHound AI
This breadth means the company isn’t reliant on a single customer or single industry, a positive sign for long‑term durability.
2. “Agentic” voice AI and transaction completion
SoundHound isn’t just building chatbots — it is explicitly targeting “agentic” AI, in which voice agents take actions and complete transactions, not just answer questions. The Parkopedia integration is a textbook example: the assistant can find parking, show prices, and complete payment, turning voice interactions directly into commerce. Stock Titan
If this model scales, it could:
- Increase usage-based revenue per user or per endpoint.
- Strengthen relationships with businesses that benefit directly from higher conversion rates and fewer missed calls/orders.
3. Strong balance sheet relative to size
With roughly $269 million in cash and no debt as of the end of Q3, SoundHound has more flexibility than many small-cap growth names. That cushion can help fund integration of acquisitions, product development, and sales expansion without needing immediate, large new financings. SoundHound AI
Why bears worry: valuation, dilution, and execution risk
The bear case for SOUN centers less on the technology and more on the economics and risks.
1. Rich valuation and negative earnings
Even after recent choppiness, SoundHound still trades at 30x+ trailing sales, well above many software and AI peers that also grow quickly but might already be closer to breakeven. StockAnalysis
At the same time:
- GAAP net loss in Q3 was over $100 million, inflating the reported loss per share to –$0.27, even though non‑GAAP metrics look less severe. SoundHound AI
- TTM earnings remain deeply negative, and the company is still far from GAAP profitability despite its rapid growth. Barchart
Investors who prioritize valuation and immediate profits may see those numbers as a red flag.
2. Share dilution and stock‑based compensation
SoundHound’s share count has risen nearly 29% year over year as the company issues equity to fund growth and acquisitions. StockAnalysis
Stock‑based compensation and acquisition-related share earn‑outs are significant non‑cash expenses, and they:
- Help attract talent and strategic targets.
- But also dilute existing shareholders, especially if the share price remains elevated.
3. Intense competition in AI
SoundHound operates in a space that includes:
- Big tech platforms with massive resources.
- Other conversational AI specialists and contact-center AI providers.
- Automotive-focused players offering infotainment and navigation solutions.
While recent analyst and media coverage recognize SoundHound’s strong growth, some research pieces explicitly question whether its current valuation is justified given the crowded competitive landscape and ongoing losses. Zacks
Execution needs to stay nearly flawless: successful integration of acquisitions, smooth rollouts with partners like Parkopedia and Telarus, and continued margin improvements will be crucial for maintaining investor confidence. SoundHound AI
Key dates, levels, and catalysts SOUN investors are watching
Looking beyond today’s quiet session, several upcoming milestones could influence SOUN stock:
- Next earnings report: The next major checkpoint is currently expected around February 26, 2026, when SoundHound is scheduled to report its next set of quarterly results. StockInvest
- CES 2026 (January): SoundHound plans to highlight its Parkopedia voice parking agent and broader in‑vehicle voice commerce capabilities at CES 2026, an event closely watched by automakers, tech partners, and investors. Stock Titan
- Technical levels: With a 52‑week low near $6.52 and a high near $24.98, traders are monitoring support in the low‑double digits and resistance toward the mid‑teens and beyond. StockInvest
- Options and sentiment: Recent commentary has highlighted potentially attractive setups in SOUN options following pullbacks, underscoring how speculative trading layers on top of the fundamental story. TipRanks
Given the stock’s volatility and lofty expectations, any surprises — positive or negative — on growth, profitability, or new partnerships could move the share price sharply.
Bottom line: What today’s action means for SOUN stock
For November 25, 2025, the key takeaway is that SOUN stock is catching its breath:
- Price action today was mostly flat around $11.94, after a period of explosive gains earlier in the month. 24/7 Wall St.
- Fundamental momentum remains strong, with 68% year‑over‑year revenue growth in Q3, raised guidance, and a growing roster of blue‑chip partners. Stock Titan
- At the same time, valuation is rich, losses are large, and dilution is real, making SOUN a high‑risk, high‑reward AI stock rather than a conservative holding. barchart.com
Investors following SoundHound AI today are essentially making a judgment call on how big and profitable agentic, voice‑driven AI can become — and how much of that future SoundHound can capture.
This article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Always do your own research or consult a licensed financial professional before making investment decisions.
