0001840856-26-000006 | 10-K | XBRL Viewer

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SUBSEQUENT EVENTS (Details) $ in Millions	Jan. 23, 2026 USD ($)
Subsequent Event \| Interactions Acquisition
Subsequent Event [Line Items]
Payments to settle a portion of contingent consideration	$ 4.7

FAIR VALUE MEASUREMENT - Narrative (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) shares Year	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Aug. 06, 2024 $ / shares	Jan. 03, 2024 Year	Apr. 14, 2023 USD ($)	Dec. 31, 2022 USD ($)	Aug. 16, 2022 USD ($) shares
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative, nonmonetary notional amount \| shares								25,000,000
Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Change in the fair value of liability	$ 4,700
Escrow Consideration Withholding \| Derivative
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, initial fair value	4,786	$ 110
Change in the fair value of liability	4,676
Contingent holdback consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, initial fair value	0	4,076	$ 0
Measurement period adjustments		(411)
Change in the fair value of liability	(44)	$ (3,712)
Fair value, liability, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration]		Nonoperating Income (Expense)
Contingent earnout consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, initial fair value	133,627	$ 286,898	0
Change in the fair value of liability	163,171	$ (218,953)
Fair Value, Liability, Recurring Basis, Unobservable Input Reconciliation, Liability, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]		Change in fair value of contingent acquisition liabilities
Amelia Technologies, LLC \| Escrow Consideration Withholding
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Stock consideration (in dollars per share) \| $ / shares				$ 5.35
Term Loan Warrants
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant fair value	$ 4,100					$ 4,100
Measurement Input, Discount Rate \| Amelia Technologies, LLC \| Contingent earnout consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.085	0.095		0.080
Holdback period \| Contingent holdback consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Holdback period					15 months
Fair value measurement inputs \| Year	0.25				1.25
Expected dividend rate \| Contingent earnout consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs \| shares	0
Expected dividend rate \| Amelia Technologies, LLC \| Contingent earnout consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0	0		0
Level 3 \| Measurement Input, Discount Rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Discount rate	0.03
Equity Line of Credit
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, initial fair value			0				$ 1,075	$ 1,100
Measurement period adjustments			1,900
Change in the fair value of liability			$ 1,901
Fair value, liability, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration]			Nonoperating Income (Expense)

ORGANIZATION (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 957,066	$ 943,060
Total cash and cash equivalents on hand	$ 248,490	$ 198,240	$ 95,260

- Definition

Amount of accumulated undistributed earnings (deficit).

+ References + Details

INCOME TAXES- Schedule of Net Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Deferred tax assets:
Net operating loss carryforwards	$ 210,500	$ 127,680
Research and development credits	29,476	23,934
Property and equipment	1,955	1,936
Deferred revenue	4,873	5,260
Interest expense	3,485	5,484
Stock-based compensation	3,497	2,704
Operating lease liabilities	958	1,014
Section 174 research and development capitalization	41,922	40,648
Accruals and reserves	2,530	2,780
Other	0	2
Total deferred tax assets	299,196	211,442
Valuation allowance	(260,164)	(170,219)
Total deferred tax assets, net	39,032	41,223
Deferred tax liabilities:
Right-of-use assets	(936)	(1,017)
Intangible assets	(39,430)	(40,202)
Total deferred tax liabilities	(40,366)	(41,219)
Net deferred tax liabilities	$ (1,334)
Net deferred tax assets		$ 4

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Significant Accounting Policies

The accompanying consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding annual financial reporting. Any reference in these notes to applicable accounting guidance is meant to refer to the authoritative U.S. GAAP included in the Accounting Standards Codification (“ASC”), and Accounting Standards Update (“ASU”) issued by the Financial Accounting Standards Board (“FASB”).

Principles of Consolidation

The Company’s consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.

We consolidate any variable interest entity (“VIE”) where we have determined we are the primary beneficiary. The primary beneficiary is the entity which has both: (i) the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance; and (ii) the obligation to absorb losses or receive benefits of the entity that could potentially be significant to the VIE.

Foreign Currency

The functional currency of the Company and its subsidiaries is the U.S. dollar. Foreign currency denominated transactions are converted into U.S. dollars at the average rates of exchange prevailing during the period. Assets and liabilities denominated in foreign currency are remeasured into U.S. dollars at current exchange rates at the balance sheet date for monetary assets and liabilities and at historical exchange rates for non-monetary assets and liabilities. During the years ended December 31, 2025, 2024 and 2023, the Company recognized net losses related to foreign currency transactions and remeasurements of $0.8 million, $0.7 million and $0.5 million, respectively, in the consolidated statements of operations as other expense, net.

Use of Estimates

The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the amounts reported and disclosures in the consolidated financial statements and accompanying notes. Such estimates include revenue recognition, allowance for credit losses, software development costs, accrued liabilities, derivative and warrant liabilities, calculation of the incremental borrowing rate, financial instruments recorded at fair value on a recurring basis, the accounting for business combinations and allocating purchase price, valuation and estimating the useful life of identifiable intangible assets, probability of achievement of revenue estimates related to contingent earnout consideration and performance-based equity awards, valuation of deferred tax assets and uncertain tax positions and the fair value of common stock and other assumptions used to measure stock-based compensation expense. In connection with the measurement period for the acquisition of Amelia and Interactions, no significant estimates were changed during the years ended December 31, 2025 and 2024. The Company bases its estimates on historical experience, the current economic environment, and on assumptions it believes are reasonable under the circumstances. The Company adjusts such estimates and assumptions when facts and circumstances dictate. Changes in those estimates resulting from changes in the economic environment will be reflected in the financial statements in future periods. Actual results could differ materially from those estimates.

Accounts Receivable, Net

Accounts receivable consist of current trade receivables due from customers recorded at invoiced amounts, net of allowance for doubtful accounts. Accounts receivable do not bear interest and the Company generally does not require collateral or other security in support of accounts receivable.

When the Company records customer receivables and contract assets arising from revenue transactions, an allowance is recorded for credit losses for the current expected credit losses ("CECL") inherent in the asset over its expected life. The allowance for credit losses is a valuation account deducted from the amortized cost basis of the assets to present their net carrying value at the amount expected to be collected. Each period, the allowance for credit losses is adjusted through earnings to reflect expected credit losses over the remaining lives of the assets.

The Company estimates expected credit losses based on relevant information about past events, including historical experience, payment terms, environmental and industry factors, and reasonable and supportable forecasts that affect the collectability of the reported amount. When measuring expected credit losses, we pool assets with similar country risk and credit risk characteristics. Changes in the relevant information may materially affect the estimates of expected credit losses.

Property and Equipment, Net

Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation and amortization is provided using the straight-line method over the estimated useful lives of the respective assets.

The estimated useful lives of the Company’s property and equipment are as follows:


Computer equipment			3 – 4 years
Software			3 years
Furniture and fixtures			5 years
Leasehold improvements			Lesser of useful life or the term of the lease

Maintenance and repairs that do not extend the life or improve the asset are expensed as incurred.

Capitalized Software Development Costs

The Company capitalizes qualifying internal-use software development costs under Accounting Standards Codification Topic 350-40, Internal-use Software ("ASC 350-40"). The costs consist of personnel costs, including related benefits and stock-based compensation, and cloud costs that were incurred during the application development stage. Capitalization of costs begins when two criteria are met: (1) the preliminary project stage is completed, and (2) it is probable that the software will be completed and used for its intended function. Capitalization ceases when the software is substantially complete and ready for its intended use, including the completion of all significant testing. Costs related to preliminary project activities and post-implementation operating activities are expensed as incurred.

The Company also capitalizes qualifying software development costs under Accounting Standards Codification Topic 985-20, Costs of Software to be Sold, Leased or Marketed ("ASC 985-20"). All costs to establish technological feasibility are expensed as incurred. Costs incurred subsequent to establishing technological feasibility are capitalized until the software product is available for general release to customers.

Capitalized software development costs under ASC 350-40 and ASC 985-20 are included in other non-current assets, net of amortization, on the consolidated balance sheets. These costs are amortized over the estimated useful life of the software, which is estimated to be three years. The amortization of capitalized software development costs is included in cost of revenue in the consolidated statement of operations and comprehensive loss.

Impairment of Long-Lived Assets

The Company evaluates property and equipment for impairment whenever events or changes in circumstances indicate that the carrying amount of a specific asset or asset group may not be recoverable. An impairment loss is recognized when the total of estimated undiscounted future cash flows expected to result from the use of the asset and its eventual disposition is less than its carrying amount. Impairment, if any, would be assessed using discounted cash flows or other appropriate measures of fair value. Through December 31, 2025, there have been no such impairments.

Leases

The Company evaluates if an arrangement is a lease at its inception. Operating lease liabilities are recognized at the lease commencement date based on the present value of lease payments over the lease term. The Company generally determines our incremental borrowing rate based on the information available at the lease commencement date in determining the present value of future payments, because the implicit rate of the lease is generally not known. Right-of-use ("ROU") assets related to our operating lease liabilities are measured at lease inception based on the initial measurement of the lease liability, plus any prepaid lease payments and less any lease incentives, as applicable. The lease terms that are used in determining our operating lease liabilities at lease inception may include options to extend or terminate the leases when it is reasonably certain that we will exercise such options. The Company amortizes the ROU assets as operating lease expense generally on a straight-line basis over the lease term and classify both the lease

amortization and imputed interest as operating expenses. The Company has lease agreements with lease and non-lease components. The Company elected to not separate lease and non-lease components for its asset class of equipment.

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less from the date of purchase to be cash equivalents. The Company’s cash equivalents consist of treasury bills and money market funds. The treasury bills are treated as available-for-sale securities. Cash equivalents are measured and reported at fair value using quoted prices in active markets for similar securities. The deposits exceed federally insured limits. Changes in fair value for cash equivalents classified as available for sale securities are recorded to other comprehensive loss.

As of December 31, 2025, and 2024, available-for-sale securities consisted of U.S. Treasury bills and investments in government money market funds. The Company’s U.S. Treasury bills and the underlying securities held by the government money market funds had weighted-average maturities of three months or less as of the reporting date.

Restricted Cash

The Company’s restricted cash was established according to the requirements under various office lease agreements, which is held by lessors in the form of a deposit under the lease agreements. Restricted cash is classified as current or non-current on the consolidated balance sheets based on the expected duration of the restriction.

Segment Information

The Company has determined that the Chief Executive Officer is its chief operating decision maker. The Company’s Chief Executive Officer reviews discrete financial information on a consolidated basis for purposes of allocating resources and evaluating financial performance. Accordingly, the Company has determined that it operates as a single reportable segment.

Concentrations of Credit Risk and Other Risks and Uncertainties

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, the balances of which frequently exceed federally insured limits. The Company regularly monitors its credit risk exposure and takes steps to mitigate the likelihood of these exposures resulting in actual loss.

As of December 31, 2025, there was no customer that accounted for more than 10% of the Company’s consolidated accounts receivable balance. As of December 31, 2024, accounts receivable balances due from Customer A accounted for 23% of the Company’s consolidated accounts receivable balance, respectively.

As of December 31, 2025, unbilled receivables from Customer B, C, D, E and F accounted for 23%, 17%, 16%, 14%, and 13% of the Company’s consolidated unbilled receivables balance, respectively. As of December 31, 2024, unbilled receivables from Customer C and D accounted for 50% and 24% of the Company’s consolidated unbilled receivables balance, respectively.

For the year ended December 31, 2025, there was no customer that accounted for more than 10% of revenue. For the year ended December 31, 2024, Customer C accounted for 14% of revenue. For the year ended December 31, 2023, Customer C and G accounted for 49% and 13% of revenue, respectively.

Common Stock Offerings

The Company has entered into certain agreements to sell common stock with counterparties including through the Equity Line of Credit ("ELOC") program and “at-the-market” offering programs pursuant to the Sales Agreement, Equity Distribution Agreement, Execute Equity Distribution Agreements and Second Equity Distribution Agreement (each as described in Note 14) to further support its growth strategy through initiatives such as accretive acquisitions

and internal investments, to bolster working capital, and/or for general corporate purposes. The Company evaluates its common stock purchase agreements to determine whether they should be accounted for as derivatives with changes in fair value as other income, net in the period in which they occur.

Equity Issuance Costs

The Company capitalizes certain legal, professional, accounting and other third-party fees that are directly associated with in-process equity-classified financings as deferred offering costs until such financings are consummated. After consummation of the financing, these costs are recorded as a reduction of the proceeds received from the equity financing. If a planned equity financing is abandoned, the deferred offering costs are expensed immediately as a charge to operating expenses in the consolidated statements of operations.

Revenue Recognition

The Company recognizes revenue under Accounting Standards Codification Topic 606 (“ASC 606”), Revenue from Contracts with Customers, when a customer obtains control of promised goods or services in an amount that reflects the consideration which the entity expects to receive in exchange for those goods or services. To determine revenue recognition for arrangements that an entity determines are within the scope of ASC 606, the Company performs the following five steps:

(i)Identification of the contract(s) with a customer;

(ii)Identification of the performance obligations in the contract;

(iii)Determination of the transaction price, including the constraint on variable consideration;

(iv)Allocation of the transaction price to the performance obligations in the contract; and

(v)Recognition of revenue when, or as, performance obligations are satisfied.

Contracts are accounted for when both parties have approved and committed to the contract, the rights of the parties and payment terms are identifiable, the contract has commercial substance and collectability of consideration is probable.

Under ASC 606, assuming all other revenue recognition criteria have been met, the Company recognizes revenue for arrangements upon the transfer of control of the Company’s performance obligations to its customers. A performance obligation is a promise in a contract to transfer a distinct good or service to a customer and is the unit of account in ASC 606. Revenues are recognized when control of the promised goods or services are transferred to a customer in an amount that reflects the consideration that the Company expects to receive in exchange for those services.

The Company capitalizes material sales commission expenses and associated payroll taxes paid to sales personnel that are incremental in obtaining a contract. The Company elected the practical expedient to recognize the incremental costs of obtaining a contract including sales commissions as an expense when incurred if the amortization period of such incremental cost would otherwise have been one year or less. Capitalized sales commissions are amortized over the period of benefit based on contract term, expected contract renewals and application useful life. Costs to obtain a contract that will be amortized within the succeeding 12-month period are classified as current and included in other current assets on the consolidated balance sheets. The remaining balance is classified as non-current and included in other assets on the consolidated balance sheets. Amortization expense is included in sales and marketing expenses in the consolidated statements of operations and comprehensive loss. Deferred commissions are periodically analyzed for impairment. As of December 31, 2025 and December 31, 2024, the Company capitalized sales commissions expenses of $3.7 million and zero, respectively, which were classified as other current assets and other non-current assets on the consolidated balance sheet.

Research and Development

The Company’s research and development costs are expensed as incurred. These costs include salaries and other personnel related expenses, contractor fees, facility costs, supplies, and depreciation of equipment associated with the design and development of new products prior to the establishment of their technological feasibility.

Advertising Expenses

Advertising expenses of $3.6 million, $2.8 million and $1.9 million incurred during the years ended December 31, 2025, 2024 and 2023, respectively, were expensed as incurred as a component of sales and marketing expenses on the consolidated statement of operations and comprehensive loss.

Warrants

The Company determines whether to classify contracts, such as warrants, that may be settled in its own stock as equity of the entity or as a liability. An equity-linked financial instrument must be considered indexed to the Company’s own stock to qualify for equity classification. The Company classifies warrants as liabilities for any contracts that may require a transfer of assets. Warrants classified as liabilities are accounted for at fair value and remeasured at each reporting date until exercise, expiration or modification that results in equity classification. Any change in the fair value of the warrants is recognized as other income, net in the consolidated statements of operations.

Income Taxes

The Company accounts for income taxes under the asset and liability method, whereby deferred tax assets and liabilities are determined based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to affect taxable income. A valuation allowance is established when, in management’s estimate, it is more-likely-than-not that the deferred tax asset will not be realized. The Company adopted a more-likely-than-not threshold for financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. The Company records a liability for the difference between the benefit recognized and measured and the tax position taken or expected to be taken on the Company’s tax return.

The Company classifies interest and penalties related to uncertain tax positions in income tax expense, if applicable. The Company has recorded $0.1 million interest expense and penalties related to unrecognized tax benefits through December 31, 2025.

Stock-Based Compensation

The Company measures and records the expense related to stock-based payment awards based on the fair value of those awards as determined on the date of grant. The Company recognizes stock-based compensation expense over the requisite service period of the individual grant, generally equal to the vesting period, and uses the straight-line method to recognize stock-based compensation, except for restricted stock unit awards (“RSUs”) with vesting conditions tied to certain performance criteria ("Performance-Based RSUs"). Stock-based compensation costs for Performance-Based RSUs are recognized on a graded-vesting basis over the vesting period based on the most probable outcome of the performance conditions. If the minimum performance targets are not met, no compensation cost is recognized and any recognized compensation cost is reversed, except for awards subject to a market condition. The Company accounts for forfeitures as they occur. The Company uses the Black-Scholes option-pricing model to determine the fair value of stock options and employee stock purchase plan ("ESPP") shares. The Black-Scholes option-pricing model requires the use of highly subjective and complex assumptions to determine the fair value of the awards, including the expected term of the award and the price volatility of the underlying stock. The Company calculates the fair value of the awards granted by using the Black-Scholes option-pricing model with the following assumptions:

Expected Volatility — The Company estimates volatility for the awards by evaluating the average historical volatility of a peer group of companies for the period immediately preceding the award grant for a term that is approximately equal to the awards’ expected term.

Expected Term — The expected term of the Company’s awards represents the period that the stock-based awards are expected to be outstanding. The Company has elected to use the midpoint between the stock options’ vesting term and contractual expiration period to compute the expected term, as the Company does not have sufficient historical information to develop reasonable expectations about future exercise patterns and post-vesting employment termination behavior. For the valuation of ESPP shares, the Company uses the period of time from the valuation date to the purchase date.

Risk-Free Interest Rate — The risk-free interest rate is based on the implied yield currently available on U.S. Treasury zero-coupon issues with a term that is equal to the awards’ expected term at the grant date.

Expected Dividend Yield — The Company has not declared or paid dividends to date and does not anticipate declaring dividends. As such, expected dividend yield is zero.

Restricted Stock Units

The Company issues RSUs to grantees as compensation for services. The fair value of the RSUs is determined at the grant date based on the fair value of the Company’s Class A Common Stock and for RSUs with service conditions only, is recognized straight-line over the service period.

Stock-based compensation related to Performance-Based RSUs is recognized to the extent it is determined that performance is probable of being achieved.

The Company issues RSUs with vesting conditions tied to certain market conditions (“Market-Based RSUs”). To derive the fair value of Market-Based RSUs, the Company applies a Monte Carlo simulation to determine the grant date fair value. Stock-based compensation related to Market-Based RSUs is recognized over the derived service period.

Fair Value Measurements

The Company defines fair value as the exchange price that would be received from an asset or paid to transfer a liability (an exit price) in an orderly transaction between market participants at the measurement date. The Company follows a three-level valuation hierarchy for disclosure of fair value measurements as follows:

•Level 1 — Inputs are unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date.

•Level 2 — Inputs (other than quoted market prices included in Level 1) are either directly or indirectly observable for the asset or liability through correlation with market data at the measurement date and for the duration of the instrument’s anticipated life.

•Level 3 — Inputs reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. Consideration is given to the risk inherent in the valuation technique and the risk inherent in the inputs to the model.

Preferred Stock

The Company assesses its preferred stock instruments at issuance and each reporting period for classification and derivative features requiring bifurcation.

The Company presents as temporary equity any stock which (i) the Company undertakes to redeem at a fixed or determinable price on the fixed or determinable date or dates; (ii) is redeemable at the option of the holders, or (iii) has conditions for redemption which are not solely within the control of the Company. For stock presented as temporary equity that is not currently redeemable, the Company assesses the probability of the event that would lead to redemption. If it is probable that the equity instrument will become redeemable, the Company accretes changes in the redemption value over the period from the date of issuance, or from the date that it becomes probable that the

instrument will become redeemable, if later, to the earliest redemption date of the instrument using an appropriate methodology. If an equity instrument classified as temporary equity is not probable of redemption, subsequent adjustment of the amounts presented in temporary equity is unnecessary.

Net Loss Per Share

Basic net loss per share attributable to common stockholders is calculated by dividing the net loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, without consideration for potentially dilutive securities.

Diluted net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common stock and potentially dilutive securities outstanding for the period. For purposes of the diluted net loss per share calculation, Series A Preferred Stock, stock options, ESPP shares, RSUs and warrants are considered to be potentially dilutive securities. See Note 15 for further information.

Accordingly, in periods in which the Company reports a net loss, diluted net loss per share is the same as basic net loss per share, since dilutive common stock is not assumed to have been issued if their effect is anti-dilutive.

The Company issued Series A Preferred Stock, which accrues cumulative dividends which are either paid in cash or compounding to the liquidation preference at the discretion of the board of directors. The Company accrues dividends as adjustments to net loss before net loss attributable to common stockholders.

The Company applies the two-class method to calculate its basic and diluted net loss per share as the Company has issued shares that meet the definition of participating securities. The two-class method is an earnings allocation formula that treats a participating security as having rights to earnings that otherwise would have been available to common stockholders. The Company's participating securities contractually entitle the holders of such shares to participate in dividends, but do not contractually require the holders of such shares to participate in losses of the Company. Accordingly, in periods in which the Company reports a net loss, such losses are not allocated to such participating securities.

Business Combinations and Contingent Consideration

Business combinations are accounted for using the acquisition method. The Company allocates the fair value of the purchase price of an acquisition to the assets acquired and liabilities assumed, based on their estimated fair values as of the date of acquisition. The excess of the fair value of the purchase price over the fair values of these net tangible and intangible assets acquired is recorded as goodwill. Fair value of the acquired intangible assets was determined using an income approach, specifically the multi-period excess earnings method, relief-from-royalty method, or the with-and-without method, depending on the nature of the respective assets. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but the estimates and assumptions are inherently uncertain and subject to refinement. The significant judgments and assumptions used in valuing the developed technology include revenue growth rates, prospective financial information for cost of sales, research and development expenses and, other operating expenses, the discount rate, the technological obsolescence rate, and contributory asset charges. For customer relationships, the significant judgments and assumptions include revenue growth rates, customer attrition rate, prospective financial information for cost of sales and fixed and variable operating expenses and the discount rate. These estimates are inherently uncertain and, therefore, actual results may differ from the estimates made. As a result, during the measurement period of up to one year from the acquisition date, the Company may make adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the measurement period's conclusion or final determination of the fair value of the purchase price of an acquisition, whichever comes first, any subsequent adjustments are recorded to our consolidated statements of operations in the period they are identified. Acquisition-related expenses are recognized separately from the business combination and expensed as incurred.

Certain business combinations include contingent consideration arrangements, which are generally based on achievement of future financial performance or future events. If it is determined the contingent consideration arrangement is not compensatory, the Company estimates fair value of contingent consideration payments as part of

the initial purchase price and records the estimated fair value of contingent consideration as a liability in the consolidated balance sheet. The Company reviews and assesses the estimated fair value of contingent consideration each reporting period, and the updated fair value could differ materially from the initial estimates. Adjustments to estimated fair value related to changes in fair value are reported as change in fair value of contingent acquisition liabilities in our consolidated statements of operations.

Goodwill

Goodwill represents the excess of the purchase price in a business combination over the fair value of net assets acquired. Goodwill is not amortized but tested annually for impairment or when indicators of impairment are present. The test for goodwill impairment involves a qualitative assessment of impairment indicators. If indicators are present, a quantitative test of impairment is performed. Goodwill impairment, if any, is determined by comparing the reporting unit’s fair value to its carrying value. An impairment loss is recognized in an amount equal to the excess of the reporting unit’s carrying value over its fair value, up to the amount of goodwill allocated to the reporting unit. The Company's policy is to review goodwill for impairment annually on October 1st unless a triggering event requires an analysis sooner. There was no goodwill impairment in any of the periods presented.

Intangible Assets with Definite Lives

The Company's intangible assets consist principally of developed technology, customer relationships, tradename, and conversation data. The Company assesses the appropriate method of amortization of the intangible assets that reflects the pattern in which the economic benefits of the intangible assets are consumed. The Company determined that a straight-line method of amortization was appropriate for its intangible assets. The remaining useful lives of long-lived assets are re-assessed periodically at the asset group level for any events and circumstances that may change the future cash flows expected to be generated from the long-lived asset or asset group.

Intangible assets with definite lives are tested for impairment whenever events or changes in circumstances indicate the carrying value of a specific asset or asset group may not be recoverable. We assess the recoverability of intangible assets with definite lives at the asset group level. Asset groups are determined based upon the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities. For the purpose of the recoverability test, we compare the total undiscounted future cash flows from the use and disposition of the assets with its net carrying amount. When the carrying value of the asset group exceeds the undiscounted future cash flows, the asset group is deemed to be impaired. The amount of the impairment loss represents the excess of the asset or asset group’s carrying value over its estimated fair value, which is generally determined based upon the present value of estimated future pre-tax cash flows that a market participant would expect from use and disposition of the long-lived asset or asset group. There were no intangible asset impairments in any of the periods presented.

Recent Accounting Pronouncements — Adopted

The Company continually assesses any ASUs or other new accounting pronouncements issued by the FASB to determine their applicability and impact. Where it is determined that a new accounting pronouncement will result in a change to the Company's financial reporting, the Company takes the appropriate steps to ensure that such changes are properly reflected in the consolidated financial statements or notes thereto.

In December 2023, the FASB issued Accounting Standards Update No. 2023-09, "Income Taxes (Topic 740): Improvements to Income Taxes Disclosures" ("ASU 2023-09"), which requires more detailed income tax disclosures. The guidance requires entities to disclose disaggregated information about their effective tax rate reconciliation as well as expanded information on income taxes paid by jurisdiction. The disclosure requirements are applied on a prospective basis, with the option to apply them retrospectively. The standard is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The Company adopted the standard retrospectively for the year ended December 31, 2025. See Note 19 of our consolidated financial statements included within this report for additional details.

Recent Accounting Pronouncements — Not Yet Adopted

In November 2024, the FASB issued Accounting Standards Update No. 2024-03. The standard is intended to require more detailed disclosures about specified categories of expenses (including employee compensation, depreciation, and amortization) included in certain expense captions presented on the face of the income statement. This ASU is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either prospectively to financial statements issued for reporting periods after the effective date of this ASU or retrospectively to all prior periods presented in the financial statements. The Company is currently evaluating the impact that the updated standard will have on the financial statement disclosures.

In July 2025, the FASB issued Accounting Standards Update No. 2025-05. The standard is intended to provide a practical expedient for all entities and an accounting policy election available to all entities other than public business entities related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606. This ASU is effective for fiscal years beginning after December 15, 2025, and interim periods within those fiscal years. Early adoption is permitted. The amendments should be applied prospectively to financial statements issued for reporting periods after the effective date of this ASU. The Company is currently evaluating the impact that the updated standard will have on the financial statement disclosures.

In September 2025, the FASB issued Accounting Standards Update No. 2025-06. The standard amends certain aspects of the accounting for and disclosure of internal-use software costs by increasing the operability of the recognition guidance considering different methods of software development under ASC 350-40. This ASU is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years. Early adoption is permitted. The amendments can be applied prospectively, retrospectively, or with a modified transition approach to financial statements issued for reporting periods after the effective date of this ASU. The Company is currently evaluating the impact that the updated standard will have on the financial statement disclosures.

ORGANIZATION	12 Months Ended
ORGANIZATION	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Nature of Operations SoundHound AI, Inc. (“we,” “us,” “our,” “SoundHound” or the “Company”) turns sound into understanding and actionable meaning. SoundHound’s technology applications enable humans to interact with the things around them in the same way they interact with each other: by speaking naturally to mobile phones, cars, televisions, music speakers, coffee machines, and every other part of the emerging “connected” world. SoundHound's voice AI platform enables product creators to develop their own voice interfaces with their customers. The SoundHound Chat AI voice assistant allows businesses and brands to provide a next-generation voice experience for their users, seamlessly integrating Generative AI and a mix of real-time information domains. Houndify is an open-access platform that allows developers to leverage SoundHound's Voice AI technology. The Company has developed a range of proprietary technologies on our voice AI platform, including Speech-to-Meaning, Deep Meaning Understanding, Collective AI, Dynamic Interaction and SoundHound Chat AI. The SoundHound music app allows customers to identify and play songs by singing or humming into the smartphone’s microphone, or by identifying the sound playing in the background from external sources. SoundHound also provides edge, cloud and hybrid (Edge+Cloud) connectivity solutions that allow brands to optimize their voice-enabled products and devices with options ranging from fully-embedded to exclusively cloud-connected. On April 26, 2022, a business combination was closed between SoundHound Inc (“Legacy SoundHound”), and Archimedes Tech SPAC Partners Co. (“ATSP”), a special purpose acquisition company. The combined company is called SoundHound AI, Inc. and its Class A Common Stock and certain of its warrants commenced trading on the Nasdaq Global Market under the symbols “SOUN” and “SOUNW,” respectively, on April 28, 2022. On January 3, 2024, the Company completed the acquisition of Synq3, Inc. ("SYNQ3") in a cash and stock transaction. On June 14, 2024, the Company completed an immaterial acquisition in a cash transaction. On August 6, 2024, the Company completed the acquisition of Amelia Holdings, Inc. ("Amelia") in a cash and stock transaction. On September 3, 2025, the Company completed the acquisition of Interactions Corporation ("Interactions") in a cash transaction. Refer to Note 3 for additional information. Going Concern Since inception, the Company has generated recurring losses as well as negative operating cash flows in the annual financial statements. As of December 31, 2025, the Company had an accumulated deficit of $957.1 million. Management expects to continue to incur additional substantial losses in the foreseeable future. The Company has historically funded its operations primarily through equity or debt financings. Total unrestricted cash and cash equivalents on hand as of December 31, 2025 was $248.5 million. Although the Company has incurred recurring losses each year since its inception, the Company expects it will be able to fund its operations for at least the next twelve months from the date these consolidated financial statements are issued. The Company may seek funding through additional debt or equity financing arrangements, implement incremental expense reduction measures or a combination thereof to continue financing its operations. The Company's consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business.

STOCK INCENTIVE PLANS - Schedule of Restricted Stock Unit Activity (Details) - $ / shares		12 Months Ended
	Jan. 03, 2024	Dec. 31, 2025	Dec. 31, 2024
RSUs, Including Performance-based RSUs
Number of Shares
Beginning balance (in shares)		21,790,255	16,343,591
Granted (in shares)		13,628,889	14,009,111
Vested (in shares)		(12,093,741)	(7,322,556)
Forfeited (in shares)		(1,722,039)	(1,239,891)
Ending balance (in shares)		21,603,364	21,790,255
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)		$ 3.87	$ 3.39
Granted (in dollars per share)		12.34	4.14
Vested (in dollars per share)		5.66	3.44
Forfeited (in dollars per share)		5.41	3.15
Ending balance (in dollars per share)		$ 8.09	$ 3.87
Unvested Restricted Stock
Number of Shares
Beginning balance (in shares)		1,863,726	0
Granted (in shares)	2,033,156	0	2,033,156
Vested (in shares)		(295,919)	(169,430)
Forfeited (in shares)		(508,289)	0
Ending balance (in shares)		1,059,518	1,863,726
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share)		$ 1.98	$ 0
Granted (in dollars per share)			1.98
Vested (in dollars per share)		1.98	1.98
Forfeited (in dollars per share)		1.98
Ending balance (in dollars per share)		$ 1.98	$ 1.98

PROPERTY AND EQUIPMENT, NET AND CAPITALIZED SOFTWARE DEVELOPMENT COST - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Total property and equipment, at cost	$ 33,489	$ 34,537
Less: accumulated depreciation and amortization	(30,562)	(33,298)
Total property and equipment, net	2,928	1,239
Computer equipment
Property, Plant and Equipment [Line Items]
Total property and equipment, at cost	17,441	19,480
Software and voice recordings
Property, Plant and Equipment [Line Items]
Total property and equipment, at cost	10,453	10,033
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment, at cost	4,618	3,871
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment, at cost	962	1,154
Construction in progress
Property, Plant and Equipment [Line Items]
Total property and equipment, at cost	$ 15	$ 0

RESTRUCTURING (Details) $ in Thousands	1 Months Ended	12 Months Ended
RESTRUCTURING (Details) $ in Thousands	Jan. 31, 2023 votePerShare	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Restructuring and Related Activities [Abstract]
Number of positions eliminated (percent)	40.00%
Number of positions eliminated (in employees) \| votePerShare	180
Restructuring		$ 0	$ 0	$ 4,557
Payments for restructuring				$ 1,400

- Definition

Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation.

+ References + Details

LEASES - Schedule of Weighted Average Remaining Lease Term and the Weighted Average Discount Rate (Details)	Dec. 31, 2025
Leases [Abstract]
Operating lease, weighted average remaining lease term (years)	2 years 6 months 10 days
Operating lease, weighted average discount rate (in percent)	10.67%
Finance leasing, weighted average remaining lease term (years)	11 months 1 day
Financing lease, weighted average discount rate (in percent)	14.00%

FAIR VALUE MEASUREMENT - Schedule of Holdback Liability (Details) - Contingent holdback consideration	Dec. 31, 2025 Year	Jan. 03, 2024 Year
Risk-free interest rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.040	0.046
Holdback period
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.25	1.25

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Losses related to foreign currency	$ 800	$ 700	$ 500
Impairment of long-lived assets	0
Capitalized sales commissions expenses	3,700	0
Unrecognized tax benefits, penalties and interest expense	100
Accrued penalties and interest	100
Advertising expense	$ 3,600	2,800	1,900
Dividend yield	0.00%
Goodwill impairment	$ 0	0	0
Intangible asset impairment	$ 0	$ 0	$ 0
Customer A \| Accounts Receivable \| Customer Concentration Risk
Property, Plant and Equipment [Line Items]
Concentration risk, percentage		23.00%
Customer B \| Unbilled Receivables \| Customer Concentration Risk
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	23.00%
Customer C \| Unbilled Receivables \| Customer Concentration Risk
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	17.00%	50.00%
Customer C \| Revenue \| Customer Concentration Risk
Property, Plant and Equipment [Line Items]
Concentration risk, percentage		14.00%	49.00%
Customer D \| Unbilled Receivables \| Customer Concentration Risk
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	16.00%	24.00%
Customer E \| Unbilled Receivables \| Customer Concentration Risk
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	14.00%
Customer F \| Unbilled Receivables \| Customer Concentration Risk
Property, Plant and Equipment [Line Items]
Concentration risk, percentage	13.00%
Customer G \| Revenue \| Customer Concentration Risk
Property, Plant and Equipment [Line Items]
Concentration risk, percentage			13.00%

ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2025

Other Liabilities Disclosure [Abstract]

ACCRUED LIABILITIES

Accrued liabilities consisted of the following (in thousands):


	December 31, 2025		December 31, 2024
Accrued compensation expenses	$	13,949	$	15,850
Accrued vendor payables	8,682		8,141
Accrued litigation liabilities	3,045		1,750
Other accrued liabilities	649		551
	$	26,325	$	26,291

NET LOSS PER SHARE

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

NET LOSS PER SHARE

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
	2025		2024		2023
Numerator:
Net loss	$	(14,006)	$	(350,681)	$	(88,937)

Cumulative dividends attributable to Series A Preferred Stock	—		(416)		(2,774)
Net loss attributable to common stockholders - basic	$	(14,006)	$	(351,097)	$	(91,711)

Net loss	$	(14,006)	$	(350,681)	$	(88,937)
Effect of potentially dilutive equivalent shares to net loss	(99,512)		—		—
Cumulative dividends attributable to Series A Preferred Stock	—		(416)		(2,774)
Net loss attributable to common stockholders - diluted	$	(113,518)	$	(351,097)	$	(91,711)

Denominator:
Weighted average shares outstanding – basic	405,421,412		338,462,574		229,264,904
Effect of potentially dilutive equivalent shares	4,034,930		—		—
Weighted average shares outstanding – diluted	409,456,342		338,462,574		229,264,904

Basic net loss per share	$	(0.03)	$	(1.04)	$	(0.40)
Diluted net loss per share	$	(0.28)	$	(1.04)	$	(0.40)

For the years ended December 31, 2024 and 2023, the diluted net loss per share is equal to the basic earnings per share as the effect of potentially dilutive securities would have been antidilutive.

The following table summarizes the outstanding shares of potentially dilutive securities that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
	2025	2024	2023
Stock-based awards	20,336,025	24,918,197	33,484,074
Unvested restricted share awards	551,229	338,859	—
Common stock warrants	3,654,115	3,663,955	6,967,532
Contingently issuable shares	119,096	—	—
Series A Preferred Stock	—	—	16,226,645
Total	24,660,465	28,921,011	56,678,251

The table above does not include: (i) 1,755,078, 4,342,570, and zero shares of unvested stock-based awards and restricted stock awards, respectively, and (ii) 6,085,802, 18,257,365 and zero shares of contingently issuable earnout shares, respectively; outstanding as of December 31, 2025, 2024 and 2023, as these awards are subject to performance conditions that were not met as of those dates. The table also excludes 274,191 and zero shares associated with the Contingent SYNQ3 Holdback Consideration in connection with the SYNQ3 Acquisition, respectively, as these shares are subject to contingencies that were not met as of December 31, 2024 and 2023.

The shares issued and held in escrow for the Amelia Acquisition are participating securities that contractually entitle the holders of such shares to participate in the combined entity’s earnings but do not contractually require the holders of such shares to participate in the combined entity’s losses. The weighted average shares outstanding used to calculate basic net loss per share attributable to common stockholders for the years ended December 31, 2025 and 2024 excludes the 1,918,969 and 2,149,530 shares, respectively, of the Company's Class A Common Stock held in escrow as they are considered contingently returnable shares until the indemnifications subject to escrow have been resolved.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Dr. Keyvan Mohajer [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Dr. Keyvan Mohajer, Chief Executive Officer and Director, adopted a new trading plan on November 24, 2025 (with the first trade under the new plan not to be made prior to March 2, 2026). The trading plan will be effective until June 15, 2026 and provides for the sale of up to 2,400,000 shares of Dr. Mohajer's 14,139,064 shares of Class B Common Stock and up to 931,899 shares of Class A Common Stock issuable upon vesting and settlement of certain RSUs and PSUs, provided that certain conditions are met.
Name	•Dr. Keyvan Mohajer
Title	Chief Executive Officer and Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 24, 2025
Expiration Date	June 15, 2026
Arrangement Duration	203 days
Nitesh Sharan [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Nitesh Sharan, Chief Financial Officer, adopted a new trading plan on November 20, 2025 (with the first trade under the new plan not to be made prior to March 2, 2026). The trading plan will be effective until December 31, 2026 and provides for the sale of up to 120,000 shares of Class A Common Stock issuable upon exercise of outstanding options and up to 140,754 shares of Class A Common Stock, provided that certain conditions are met.
Name	•Nitesh Sharan
Title	Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 20, 2025
Expiration Date	December 31, 2026
Arrangement Duration	406 days
James M. Hom [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	James M. Hom, Chief Product Officer and Director, adopted a new trading plan on November 19, 2025 (with the first trade under the new plan not to be made prior to April 1, 2026). The trading plan will be effective until June 30, 2026 and provides for the sale of up to 750,000 shares of Mr. Hom's 1,812,588 shares of Class B Common Stock, up to 239,932 shares of Class A Common Stock issuable upon vesting and settlement of certain RSUs, provided that certain conditions are met.
Name	•James M. Hom
Title	Chief Product Officer and Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 19, 2025
Expiration Date	June 30, 2026
Arrangement Duration	223 days
Dr. Keyvan Mohajer Class B Common Stock Trading Arrangement [Member] \| Dr. Keyvan Mohajer [Member]
Trading Arrangements, by Individual
Aggregate Available	2,400,000
Dr. Keyvan Mohajer Class A Common Stock Upon Vesting and Settlement of RSUs and PSUs Trading Arrangement [Member] \| Dr. Keyvan Mohajer [Member]
Trading Arrangements, by Individual
Aggregate Available	931,899
Nitesh Sharan Class A Common Stock Issuable Upon Exercise Of Outstanding Option [Member] \| Nitesh Sharan [Member]
Trading Arrangements, by Individual
Aggregate Available	120,000
Nitesh Sharan Class A Common Stock [Member] \| Nitesh Sharan [Member]
Trading Arrangements, by Individual
Aggregate Available	140,754
James M. Hom Trading Arrangement, Class B Common Stock [Member] \| James M. Hom [Member]
Trading Arrangements, by Individual
Aggregate Available	750,000
James M. Hom Class A Common Stock [Member] \| James M. Hom [Member]
Trading Arrangements, by Individual
Aggregate Available	239,932

LEASES (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Aggregate Non-cancelable Future Minimum Payments

Aggregate non-cancelable future minimum lease payments under operating and finance leases were as follows as of December 31, 2025 (in thousands):


	Operating Lease		Finance Lease
Year Ending December 31:
2026	$	2,037	$	377
2027	797		119
2028	580		40
2029	501		—
2030	334		—
Thereafter	—		—
Total	4,249		536
Less: imputed interest	(386)		(58)
Present value of lease liabilities	3,863		478
Less: current portion	(1,812)		(332)
Add: immaterial difference	$	18	$	—
Lease liabilities, net of current portion	$	2,069	$	146

Schedule of Finance Lease, Liability

Aggregate non-cancelable future minimum lease payments under operating and finance leases were as follows as of December 31, 2025 (in thousands):


	Operating Lease		Finance Lease
Year Ending December 31:
2026	$	2,037	$	377
2027	797		119
2028	580		40
2029	501		—
2030	334		—
Thereafter	—		—
Total	4,249		536
Less: imputed interest	(386)		(58)
Present value of lease liabilities	3,863		478
Less: current portion	(1,812)		(332)
Add: immaterial difference	$	18	$	—
Lease liabilities, net of current portion	$	2,069	$	146

Schedule of Lease Cost

The components of lease cost were as follows during the years ended December 31, 2025, 2024 and 2023 (in thousands):


	Year Ended December 31,
	2025		2024		2023
Operating lease cost	$	2,703	$	2,628	$	3,177
Short-term lease cost	$	957	$	972	$	1,298

Finance lease cost:
Amortization of finance leased assets	$	149	$	134	$	161
Interest on lease liabilities	$	29	$	11	$	23

The table below presents additional information related to our leases as of December 31, 2025:


	Operating Lease		Finance Lease
Weighted average remaining lease term (years)	2.53		0.92
Weighted average discount rate	10.67	%	14.00	%

BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Purchase Price Allocation

The purchase price allocation was performed as of January 3, 2024 and allocated to the assets acquired and liabilities assumed based on their respective fair values, as follows (in thousands):


	January 3, 2024
Cash paid	$	3,910
Equity consideration	9,687
Contingent earnout consideration	1,676
Contingent holdback consideration	570
Purchase price	15,843

Assets acquired:
Cash	221
Accounts receivable	1,500
Prepaid expenses	72
Intangible assets	12,705
Total identified assets acquired	14,498

Liabilities assumed:
Accounts payable	440
Accrued liabilities	3,427
Other non-current liabilities	750
Deferred tax liability	38
Total liabilities assumed	4,655

Fair value of identifiable net assets acquired	$	9,843
Goodwill acquired on acquisition	$	6,000

The purchase price allocation was performed as of August 6, 2024 and allocated to the assets acquired and liabilities assumed based on their respective fair values, as follows (in thousands):


	August 6, 2024
Cash paid	$	8,420
Equity consideration	15,291
Equity consideration in escrow	8,628
Contingent earnout consideration	66,269
Purchase price	98,608

Assets acquired:
Cash and cash equivalents	1,128
Accounts receivable	8,075
Other current assets	1,822
Contract asset - current	4,090
Property and equipment	348
Right-of-use assets	227
Other assets	1,741
Intangible assets	174,500
Total identified assets acquired	191,931

Liabilities assumed:
Accounts payable	11,112
Accrued liabilities	10,965
Income tax liabilities	582
Short-term debt	70,000
Operating lease liability, current	211
Financing lease liability, current	37
Other current liabilities	3,474
Deferred revenue	23,408
Deferred revenue, non-current	4,295
Long-term debt	51,511
Deferred tax liabilities	11,820
Operating lease liability, non-current	16
Other liabilities, non-current	34
Income tax liability, net of current portion	1,068
Total liabilities assumed	188,533

Fair value of identifiable net assets acquired	$	3,398
Goodwill acquired on acquisition	$	95,210

Schedule of Acquired Finite-Lived Intangible Assets

The following table summarizes the fair values of the identifiable intangible assets acquired (in thousands):


	Useful life	Fair value
Intangible Assets:	(in years)	January 3, 2024
Developed technology	3.0	$	5,210
Customer relationships	4.0	4,800
Tradename	2.0	1,410
Conversation data	2.5	1,285
		$	12,705

The following table summarizes the fair values of the identifiable intangible assets acquired (in thousands):


	Useful life	Fair value
Intangible Assets:	(in years)	at acquisition
Developed technology	7.0	$	98,900
Customer relationships	7.0	68,600
Trade names	5.0	7,000
		$	174,500

The following table summarizes the preliminary fair values of the identifiable intangible assets acquired (in thousands):


	Useful life	Preliminary fair value
Intangible Assets:	(in years)	at acquisition
Customer relationships	5.0	$	26,700
Developed Technology	5.0	12,000
Trademark	2.0	800
		$	39,500

The following table summarizes the fair values of the identifiable intangible assets acquired (in thousands):


	Useful life	Fair value
Intangible Assets:	(in years)	at acquisition
Developed technology	3.0	$	1,530
Customer relationships	3.0	960
Tradename	3.0	60
		$	2,550

Business Combination, Pro Forma Information

The following table includes unaudited pro forma financial information that presents combined results of the Company as if the SYNQ3 and Amelia acquisitions were completed on January 1, 2023, and the Interactions acquisition was completed on January 1, 2024, the beginning of the comparable prior annual reporting period.


	Unaudited
	Years Ended
	December 31, 2025		December 31, 2024		December 31, 2023
Revenue	$	211,701	$	225,556	$	153,586
Net loss attributable to SoundHound AI, Inc.	$	(8,624)	$	(367,400)	$	(158,339)

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Aggregate Non-cancelable Future Minimum Payments

Aggregate non-cancelable future minimum payments were as follows as of December 31, 2025 (in thousands):


2026	16,000
2027	24,000
2028	24,000
Total	$	64,000

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The change in the carrying value of goodwill including the effect of measurement period adjustments for the year ended December 31, 2025, was as follows (in thousands):


Balance as of December 31, 2023	$	—
Acquisition of SYNQ3	$	6,000
Acquisition of Amelia	$	95,704
Balance as of December 31, 2024	$	101,704
Acquisition of Interactions	21,067
Measurement period adjustment	$	(494)
Balance as of December 31, 2025	$	122,277

Schedule of Intangible Assets

The gross carrying value, accumulated amortization and net carrying value of intangible assets consisted of the following (in thousands):


		December 31, 2025
	Useful life (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Developed technology	3.0 - 7.0	$	117,640	$	24,871	$	92,769
Customer relationships	3.0 - 7.0	101,060		18,422		82,638
Tradename	2.0 - 5.0	9,270		3,538		5,732
Conversation data	2.5	1,285		1,029		256
Total		$	229,255	$	47,860	$	181,395


		December 31, 2024
	Useful life (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Developed technology	3.0 - 7.0	$	105,640	$	7,696	$	97,944
Customer relationships	3.0 - 7.0	74,360		5,322		69,038
Tradename	2.0 - 5.0	8,470		1,280		7,190
Conversation data	2.5	1,285		514		771
Total		$	189,755	$	14,812	$	174,943

Schedule of Future Amortization Expense

Future amortization expense of intangible assets held as of December 31, 2025, is as follows (in thousands):


Year ending December 31,
2026	$	37,512
2027	34,930
2028	33,138
2029	32,501
Thereafter	43,314
Total	$	181,395

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
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+ Details

REVENUE RECOGNITION (Tables)

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

For the years ended December 31, 2025, 2024 and 2023, revenue under each performance obligation was as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Hosted services	$	108,255	$	57,246	$	18,364
Licensing	45,146		17,577		18,600
Professional services	15,059		9,488		8,275
Monetization	460		382		634
Total	$	168,920	$	84,693	$	45,873

For the years ended December 31, 2025, 2024 and 2023, the disaggregated revenue by geographic location* was as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
United States	$	108,387	$	46,751	$	6,769
Korea	10,336		12,289		22,962
France	7,307		8,756		4,090
Germany	360		196		5,950
Other	42,530		16,701		6,102
Total	$	168,920	$	84,693	$	45,873

*Revenue by geographic region is allocated to individual countries based on the billing location of the customer. The end customer location may be different than the customer's billing location. The ‘Other’ category is composed of geographic regions with sales less than 10% of the consolidated revenue.

For the years ended December 31, 2025, 2024 and 2023, the disaggregated revenue by recognition pattern was as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Over time revenue	$	125,887	$	67,789	$	25,757
Point-in-time	43,033		16,904		20,116
Total	$	168,920	$	84,693	$	45,873

For the years ended December 31, 2025, 2024 and 2023, the disaggregated revenue by service type was as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Service subscriptions	$	133,547	$	56,347	$	1,940
Product royalties	34,913		27,964		43,299
Monetization	460		382		634
Total	$	168,920	$	84,693	$	45,873

Contract with Customer, Contract Asset, Contract Liability, and Receivable

The contract asset and unbilled accounts receivable, net as of December 31, 2025 and December 31, 2024 consists of the following (in thousands):


	Balance Sheet Presentation	December 31, 2025		December 31, 2024
Unbilled account receivables - current	Contract assets and unbilled receivables, net	$	17,728	$	13,441
Contract assets - current	Contract assets and unbilled receivables, net	20,461		13,204
Unbilled account receivables - non-current	Contract assets and unbilled receivables, non-current, net	12,988		922
Contract assets - non-current	Contract assets and unbilled receivables, non-current, net	16,918		11,957

PREFERRED STOCK - Narratives (Details) $ / shares in Units, $ in Thousands		1 Months Ended		12 Months Ended
	Jan. 20, 2023 USD ($) day $ / shares shares	Dec. 31, 2024 shares	Mar. 31, 2024 shares	Dec. 31, 2025 USD ($) shares	Dec. 31, 2024 shares	Jan. 01, 2024 $ / shares
Preferred Units [Line Items]
Gain (loss) on stock conversion \| $				$ 0
Series A Preferred Stock
Preferred Units [Line Items]
Sale of shares (in shares) \| shares	835,011
Liquidation preference, per share (in dollars per share) \| $ / shares	$ 30.00					$ 34.13
Consideration received on transaction \| $	$ 25,000
Conversion price (in dollars per share) \| $ / shares	$ 1.00
Conversion price ratio	250.00%
Conversion price window, number of trading days \| day	90
Conversion price window, consecutive number of trading days \| day	120
Converted shares (in shares) \| shares					475,005
Preferred Stock
Preferred Units [Line Items]
Per share price (in dollars per share) \| $ / shares	$ 30.00
Class A Common Stock
Preferred Units [Line Items]
Conversion of shares (in shares) \| shares		2,041	2,269,982	9,840	16,624,215

BUSINESS COMBINATIONS

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

BUSINESS COMBINATIONS

SYNQ3 Acquisition

On January 3, 2024 (the "SYNQ3 Acquisition Date"), the Company acquired all of the issued and outstanding equity of SYNQ3, a provider of voice AI and other technology solutions to the restaurant industry, for total purchase consideration of $15.8 million (the “SYNQ3 Acquisition”). The Company’s acquisition of SYNQ3 is expected to expand its AI customer service solutions and create a Voice AI provider for restaurants. The acquisition is expected to significantly extend the Company's market reach and accelerate the deployment of generative AI capabilities to the industry.

The total purchase consideration includes $3.9 million in cash paid and 5,755,910 in shares of the Company’s Class A Common Stock. The Company has also withheld purchase consideration of $0.5 million in cash and 1,179,514 shares of the Company’s Class A Common Stock, subject to customary net working capital adjustments, to partially secure the indemnification obligations of SYNQ3's former stockholders under the merger agreement and agreed to pay up to $0.8 million in cash and 1,434,936 in shares of the Company’s Class A Common Stock to certain former stockholders of SYNQ3 based upon the achievement of specified future milestones. On the SYNQ3 Acquisition Date, the Company also issued 2,033,156 restricted shares of the Company’s Class A Common Stock subject to time and performance-based vesting conditions. The fair value of the purchase consideration was $15.8 million.

SYNQ3 Holdback

The $0.5 million in cash and 1,179,514 shares of the Company's Class A Common Stock were withheld for a period of 15 months (the "SYNQ3 Holdback Amount"). The Company determined that there are two components to the SYNQ3 Holdback Amount related to deferred consideration and contingent consideration, each comprised of cash and shares.

The deferred cash holdback consideration of $0.1 million and the deferred share holdback consideration of 361,145 shares of the Company's Class A Common Stock (collectively the "Deferred Consideration") were not recognized as of

the SYNQ3 Acquisition Date as such amounts were offset by the indemnification obligations of SYNQ3's former stockholders.

The contingent cash and share holdback consideration to be issued is variable ("Contingent SYNQ3 Holdback Consideration"). Final amounts to be issued will be reduced based upon future actions and settlements with third parties to resolve assumed contingent sales tax liabilities and certain other assumed contingent liabilities of SYNQ3 in connection with the SYNQ3 Acquisition. The Company accounted for the Contingent SYNQ3 Holdback Consideration as a liability on the consolidated balance sheet. As of the SYNQ3 Acquisition Date, the Contingent SYNQ3 Holdback Consideration was estimated to be $0.6 million in aggregate and to be settled in $0.1 million cash and the remainder in shares of the Company’s Class A Common Stock. During the year ended December 31, 2024, the Company issued 38,277 shares of the Company’s Class A Common Stock and paid an immaterial amount in cash from the Contingent SYNQ3 Holdback Consideration to SYNQ3's former stockholders as a result of the net working capital adjustments settled during the year. The Contingent SYNQ3 Holdback Consideration will be subsequently remeasured at each reporting date with changes in fair value recognized as a component of operating expense on the Company’s consolidated statement of operations and comprehensive loss.

In April 2025, the Contingent SYNQ3 Holdback Consideration was settled by issuing 472,501 shares of the Company’s Class A Common Stock and paying $0.2 million in cash. After the holdback settlement, any remaining indemnifications by the sellers to cover unsettled claims was offset against the Contingent SYNQ3 Earnout Consideration to the extent of its fair value as of December 31, 2025.

See Note 12 for more information on the fair value measurement of shares associated with the holdback.

Contingent SYNQ3 Earnout Consideration

The Company also agreed to pay in aggregate up to $0.8 million in cash and 1,434,936 in shares of Class A Common Stock to certain stockholders of SYNQ3 based on tiered annual revenue targets for each fiscal year 2024, 2025 and 2026 (the “Contingent SYNQ3 Earnout Consideration”). The Company accounted for the Contingent SYNQ3 Earnout Consideration as a liability within contingent acquisition liabilities on the Company's consolidated balance sheets and will subsequently remeasure the liability at each reporting date with changes in fair value recognized as a component of operating expense in the Company’s consolidated statement of operations and comprehensive loss. As of the SYNQ3 Acquisition Date, the Contingent SYNQ3 Earnout Consideration was estimated to be $1.7 million in aggregate and to be settled in $0.2 million cash and the remainder in shares of the Company’s Class A Common Stock. For the years ended December 31, 2025 and December 31, 2024, we recognized a gain of $6.9 million and a loss of $7.0 million, respectively, related to the Contingent SYNQ3 Earnout Consideration, reflected in the change in fair value of contingent acquisition liabilities in the consolidated statement of operations and comprehensive loss. As of December 31, 2025, the 2024 revenue target was not met, but the 2025 revenue target was met and the related earnout consideration is expected to be settled in the first quarter of 2026. The Company assessed the 2026 revenue target as probable of being met. No earnout consideration was issued as of December 31, 2025.

Restricted stock awards

The 2,033,156 restricted shares of the Company's Class A Common Stock issued at the SYNQ3 Acquisition Date to certain continuing employees of SYNQ3 subject to time and performance-based vesting conditions was determined to be a separate transaction from the SYNQ3 Acquisition and therefore is excluded from purchase consideration. See Note 15 to our consolidated financial statements included within this report for more information on stock-based awards issued in connection with the SYNQ3 Acquisition.

Purchase price allocation

The purchase price allocation was performed as of January 3, 2024 and allocated to the assets acquired and liabilities assumed based on their respective fair values, as follows (in thousands):


	January 3, 2024
Cash paid	$	3,910
Equity consideration	9,687
Contingent earnout consideration	1,676
Contingent holdback consideration	570
Purchase price	15,843

Assets acquired:
Cash	221
Accounts receivable	1,500
Prepaid expenses	72
Intangible assets	12,705
Total identified assets acquired	14,498

Liabilities assumed:
Accounts payable	440
Accrued liabilities	3,427
Other non-current liabilities	750
Deferred tax liability	38
Total liabilities assumed	4,655

Fair value of identifiable net assets acquired	$	9,843
Goodwill acquired on acquisition	$	6,000

Goodwill recognized includes synergies expected to be achieved from the operations of the combined company and intangible assets that do not qualify for separate recognition. Expected synergies include both increased revenue opportunities and the cost savings from the planned integration of platform infrastructure, facilities, personnel, and systems. The transaction is considered a non-taxable business combination, and goodwill is not deductible for tax purposes.

The purchase price allocation was finalized as of December 31, 2024.

The following table summarizes the fair values of the identifiable intangible assets acquired (in thousands):


	Useful life	Fair value
Intangible Assets:	(in years)	January 3, 2024
Developed technology	3.0	$	5,210
Customer relationships	4.0	4,800
Tradename	2.0	1,410
Conversation data	2.5	1,285
		$	12,705

The Company incurred $2.2 million in acquisition related expenses, of which $0.1 million, $1.0 million, and $1.1 million were incurred during the years ended December 31, 2025, 2024 and 2023, respectively, and recorded as general and administration expenses in its consolidated statements of operations and comprehensive loss.

Amelia Acquisition

On August 6, 2024 (the “Amelia Acquisition Date”), the Company acquired all of the issued and outstanding equity of Amelia Holdings, Inc. (the “Amelia Acquisition”), a privately-held conversational AI software company involved in the development and delivery of AI and automation solutions and related services to improve customer experience and optimize business outcomes. The Company’s acquisition of Amelia is expected to strengthen SoundHound’s position in voice and conversational AI and allow the Company to enter new industries such as healthcare, insurance, financial services, energy and retail, expanding its market reach.

The total purchase consideration includes 3,809,520 shares of the Company's Class A Common Stock issued to the selling shareholders. The Company also issued and deposited 2,149,530 shares of Class A Common Stock otherwise owed to the selling shareholders into an escrow account in order to partially secure the indemnification obligations of the selling shareholders to the Company under the purchase agreement (the “Escrow Consideration”). The fair value of equity issued as part of the consideration paid was determined on the basis of the closing market price of the Company’s shares on the Amelia Acquisition Date, which also incorporated a discount for lack of marketability rates caused by the trading restrictions due to the fact that the shares were not registered at issuance and consequently there is a six-month holding period. The Company also paid $8.4 million of cash for seller transaction expenses in connection with the closing of the Amelia Acquisition. The Company agreed to issue up to 16,822,429 shares to the selling shareholders based on achievement of certain revenue targets in fiscal years 2025 and 2026 (the "Amelia Contingent Earnout Consideration). The fair value of the purchase consideration was $98.6 million.

In connection with the Amelia Acquisition, the Company assumed the amended senior secured term loan facility from Amelia in an aggregate principal amount of $121.5 million (“Amelia Debt”). On December 3, 2024, the Company entered into a letter agreement (the “Amelia Debt Payoff Letter”) to prepay in full all indebtedness and other amounts outstanding and owing under the Amelia Debt Credit Agreement and the Amelia Debt was repaid in full.

Escrow Consideration

The Company accounted for the Escrow Consideration as equity-classified shares issued as part of the consideration transferred. The Company recorded an indemnification asset of $1.4 million under other non-current assets related to assumed sales tax and litigation contingent liabilities that existed prior to the Amelia Acquisition Date and are covered by the Company’s indemnification rights provided by the sellers. Upon the settlement of any valid indemnification claims against the selling shareholders, the escrow agent will return a number of shares to the Company equal to the dollar value of the indemnified loss divided by the reference price of $5.35 as stipulated in the purchase agreement. The Company concluded that this variability in settlement value is a derivative that is required to be remeasured to fair value due to changes in stock price. See Note 12 to our consolidated financial statements included within this report for more information on the fair value measurement of the derivative related to indemnification rights. Upon the expiration of the escrow period, any remaining shares within the escrow account will be released to the selling shareholders.

Contingent Amelia Earnout Consideration

The Company also agreed to pay up to 16,822,429 in shares of Class A Common Stock to the selling shareholders based on achievement of certain annual revenue targets in fiscal years 2025 and 2026. The Company accounted for the Contingent Amelia Earnout Consideration as a liability within contingent acquisition liabilities on the Company's consolidated balance sheets and will subsequently remeasure the liability at each reporting date with changes in fair value recognized as a component of operating expense in the Company’s consolidated statement of operations and comprehensive loss. As of the Amelia Acquisition Date, the Contingent Amelia Earnout Consideration had an estimated fair value of $66.3 million. For the year ended December 31, 2025 and December 31, 2024, the Company recognized a gain of $157.6 million and a loss of $211.9 million, respectively, related to the Contingent Amelia Earnout Consideration, reflected in the change in fair value of contingent acquisition liabilities in the consolidated statement of operations and comprehensive loss. See Note 12 to our consolidated financial statements included within this report for more information on the fair value measurement of Contingent Amelia Earnout Consideration. As of

December 31, 2025, the 2025 revenue target was met and the related earnout consideration is expected to be settled in the first quarter of 2026. The Company assessed the 2026 revenue target as probable of being met.

Purchase price allocation

The purchase price allocation was performed as of August 6, 2024 and allocated to the assets acquired and liabilities assumed based on their respective fair values, as follows (in thousands):


	August 6, 2024
Cash paid	$	8,420
Equity consideration	15,291
Equity consideration in escrow	8,628
Contingent earnout consideration	66,269
Purchase price	98,608

Assets acquired:
Cash and cash equivalents	1,128
Accounts receivable	8,075
Other current assets	1,822
Contract asset - current	4,090
Property and equipment	348
Right-of-use assets	227
Other assets	1,741
Intangible assets	174,500
Total identified assets acquired	191,931

Liabilities assumed:
Accounts payable	11,112
Accrued liabilities	10,965
Income tax liabilities	582
Short-term debt	70,000
Operating lease liability, current	211
Financing lease liability, current	37
Other current liabilities	3,474
Deferred revenue	23,408
Deferred revenue, non-current	4,295
Long-term debt	51,511
Deferred tax liabilities	11,820
Operating lease liability, non-current	16
Other liabilities, non-current	34
Income tax liability, net of current portion	1,068
Total liabilities assumed	188,533

Fair value of identifiable net assets acquired	$	3,398
Goodwill acquired on acquisition	$	95,210

During the year ended December 31, 2025, the Company recorded measurement period adjustments to decrease the accrued liabilities by $0.1 million and other current liabilities by $0.4 million due to true-up of the accrued payroll taxes and sales taxes subsequent to the acquisition. As a result of the adjusted acquisition-date fair value of liabilities assumed, the Company recorded a decrease of $0.5 million to the goodwill recognized. The measurement period adjustments were recorded in the consolidated financial statements as of and for the year ended December 31, 2025 and were made to reflect facts and circumstances that existed as of the Amelia Acquisition Date.

The purchase price allocation was finalized as of September 30, 2025.

The following table summarizes the fair values of the identifiable intangible assets acquired (in thousands):


	Useful life	Fair value
Intangible Assets:	(in years)	at acquisition
Developed technology	7.0	$	98,900
Customer relationships	7.0	68,600
Trade names	5.0	7,000
		$	174,500

The Company incurred $6.7 million in acquisition related expenses, of which $0.9 million and $5.8 million were incurred during the years ended December 31, 2025 and December 31, 2024, respectively, and recorded as general and administration expenses in its consolidated statements of operations and comprehensive loss.

Interactions Acquisition

On September 3, 2025 (the “Interactions Acquisition Date”), the Company acquired all of the issued and outstanding equity of Interactions Corporation (the “Interactions Acquisition”), a pioneer in AI for customer service and workflow orchestration. This strategic deal is expected to strengthen and extend SoundHound’s growing leadership in Agentic AI and accelerate its market penetration in customer service across enterprise businesses. The transaction also expands SoundHound’s customer portfolio across various industries, including global consumer icons, large technology device brands, insurers, automakers, and other preeminent Fortune 100 companies across industries.

The fair value of the preliminary purchase consideration was $76.1 million. The preliminary purchase consideration includes $19.4 million of cash paid to the selling shareholders. The Company also paid $4.1 million of cash for seller transaction expenses in connection with the closing of the Interactions Acquisition.

In connection with the Interactions Acquisition, the Company paid the debt held by Interactions (the “Interactions Debt”) on the Interactions Acquisition Date in an aggregate principal amount of $41.5 million as part of the purchase consideration under the merger agreement.

The Company has also withheld purchase consideration of $1.2 million in cash, subject to customary net working capital adjustments, to partially secure the indemnification obligations of Interactions' former stockholders under the merger agreement and agreed to pay up to $25.0 million in cash to certain former stockholders of Interactions based

upon the achievement of specified future milestones in fiscal years 2026 and 2027 (the "Contingent Interactions Earnout Consideration).

Interactions Holdback

As of the Interactions Acquisition Date, the $1.2 million in cash withheld (the "Deferred Interactions Holdback Consideration") consisted of two components, adjustment holdback consideration and indemnity holdback consideration.

The adjustment holdback consideration of $1.0 million was recorded within other current liabilities at fair value as of the Interactions Acquisition Date (the "Interactions Adjustment Holdback Consideration") and is estimated to be paid to Interactions' former stockholders for the settlement of net working capital adjustments after sellers finish the review of the closing statement submitted by the acquirer within 120 days subsequent to the Interactions Acquisition Date.

The indemnity holdback consideration of $0.2 million was recorded within other current liabilities, which was withheld for a period of 12 months subsequent to the Interactions Acquisition Date (the "Interactions Indemnity Holdback Consideration"). Payment will occur after the sellers complete their review of the closing statement which must be submitted by the acquirer within 120 days of the Interactions Acquisition Date.

Contingent Interactions Earnout Consideration

The Company also agreed to pay up to $25.0 million in cash to the selling shareholders based on achievement of certain annual revenue targets in fiscal years 2026 and 2027 and renewal or extension of an existing contract with a specific customer on or before March 31, 2026 (the "Contingent Interactions Earnout Consideration"). The Company accounted for the Contingent Interactions Earnout Consideration as a liability within contingent acquisition liabilities on the Company's consolidated balance sheets and will subsequently remeasure the liability at each reporting date with changes in fair value recognized as a component of operating expense in the Company’s consolidated statement of operations and comprehensive loss. As of the Interactions Acquisition Date, the Contingent Interactions Earnout Consideration had an estimated fair value of $9.9 million. For the year ended December 31, 2025, the Company recognized a loss of $1.3 million related to the Contingent Interactions Earnout Consideration, reflected in the change in fair value of contingent acquisition liabilities in the consolidated statement of operations and comprehensive loss. As of December 31, 2025, the Company assessed the 2026 and 2027 revenue targets were probable of being met, and an existing contract with a specific customer was probable of being renewed or extended on or before March 31, 2026. See Note 22 to our consolidated financial statements included within this report for more information on the cash paid

to settle a portion of the Contingent Interactions Earnout Consideration due to the renewal of an existing contract subsequent to December 31, 2025.

See Note 12 to our consolidated financial statements for more information on the fair value measurement of Interactions Holdback Amount and Contingent Interactions Earnout Consideration.

Preliminary purchase price allocation

The preliminary purchase price allocation was performed as of September 3, 2025 and allocated to the assets acquired and liabilities assumed based on their respective fair values, as follows (in thousands):


	Preliminary: Sep 3, 2025
Cash paid	$	65,033
Deferred holdback consideration	1,150
Contingent earnout consideration	9,900
Purchase price	76,083

Assets acquired:
Cash and cash equivalents	10,431
Accounts receivable	8,626
Other current assets	1,519
Contract assets and unbilled receivable, current, net	3,586
Property and equipment	1,722
Right-of-use assets	659
Contract assets and unbilled receivable, non-current, net	3,081
Other assets	176
Intangible assets	39,500
Total identified assets acquired	69,300

Liabilities assumed:
Accounts payable	3,048
Accrued liabilities	3,508
Operating lease liability, current	241
Financing lease liability, current	298
Deferred revenue	4,155
Deferred revenue, non-current	2,300
Operating lease liability, non-current	478
Other liabilities, non-current	256
Total liabilities assumed	14,284

Fair value of identifiable net assets acquired	$	55,016
Goodwill acquired on acquisition	$	21,067

systems. The transaction is considered a non-taxable business combination, and goodwill is not deductible for tax purposes.

The purchase accounting is not yet complete as of December 31, 2025 and as such, the final allocation among purchase consideration, intangible assets, net assets acquired and goodwill may be subject to change. Any adjustments to the preliminary purchase price allocation will be made in the periods in which the adjustments are determined, and the cumulative effect of such adjustments will be calculated as if the adjustments had been completed as of the acquisition date. The Company expects to finalize the purchase price allocation within 12 months from the acquisition date.

The following table summarizes the preliminary fair values of the identifiable intangible assets acquired (in thousands):


	Useful life	Preliminary fair value
Intangible Assets:	(in years)	at acquisition
Customer relationships	5.0	$	26,700
Developed Technology	5.0	12,000
Trademark	2.0	800
		$	39,500

The fair values of all intangible assets were estimated using the income approach. Under the income approach, an intangible asset’s fair value is equal to the present value of future economic benefits to be derived from ownership of the asset. Customer relationships was valued under the multi-period excess earnings method, which assumes that the value of intangible assets is equal to the present value of the incremental after-tax cash flows attributable specifically to the customer relationships. Developed technology and trade names were valued under the relief from royalty method, which assumes value to the extent that the acquired company is relieved of the obligation to pay royalties for the benefits received from them. The present value of projected cash flows included significant judgment and assumptions regarding (a) the projected revenues, attrition rate, and the discount rate for the certain customer contracts and related relationships, (b) the projected revenues, projected expenses, migration curve, contributory asset charges, and the discount rate for the developed technology, (c) the projected revenues, royalty rate, and the discount rate for the trade name.

The Company incurred $5.0 million in acquisition related expenses during the year ended December 31, 2025 and recorded as general and administration expenses in its consolidated statements of operations and comprehensive loss.

Unaudited pro forma financial information

The financial results of SYNQ3, Amelia and Interactions are included in these consolidated financial statements from the date of the acquisition. SYNQ3 contributed revenue of $12.0 million and net loss of $7.5 million to the Company for the year ended December 31, 2024. Amelia contributed revenue of $42.0 million and net loss of $8.5 million to the Company for the year ended December 31, 2024. Interactions contributed revenue of $23.1 million, and net income of $2.7 million to the Company for the year ended December 31, 2025.


	Unaudited
	Years Ended
	December 31, 2025		December 31, 2024		December 31, 2023
Revenue	$	211,701	$	225,556	$	153,586
Net loss attributable to SoundHound AI, Inc.	$	(8,624)	$	(367,400)	$	(158,339)

The unaudited pro forma financial information includes the combined historical operating results of the Company, SYNQ3, Amelia and Interactions prior to the acquisition, with adjustments to give effect for the acquisitions and related events. Pro forma adjustments have been made to reflect the incremental intangible asset amortization to be incurred based on the fair values and useful lives of each identifiable intangible asset, incremental stock-based compensation related to inducement equity awards, incremental transaction costs related to the acquisitions, adjustments to interest expense related to previously outstanding debt held by Amelia and Interactions, elimination of profit or loss from stock warrants issued by Interactions, reduction of interest income to reflect reduced average cash and equivalents after funding the Acquisitions with cash, removal of earnings attributable to non-controlling interest due to changes in Interactions ownership structure, and the related tax effects of pro forma adjustments for the period. These unaudited pro forma results are presented for informational purposes only and are not necessarily indicative of what the actual results of operations of the combined company would have been if the acquisition had occurred at the beginning of the period presented, nor are they indicative of future results of operations. Given the paydown of Amelia Debt occurred in December 2024, which was shortly after the acquisition dates, and the paydown of Interaction Debt occurred at the Interaction Acquisition Date, the interest expenses from Amelia Debt and Interaction Debt were excluded from the unaudited pro forma financial information. The unaudited pro forma results are based on the preliminary purchase price allocation under Interactions Acquisition and will be updated to reflect the final amounts as the allocation is finalized during the measurement period.

The Company did not have any material nonrecurring pro forma adjustments directly attributable to the business combination included in the reported pro forma revenue and earnings.

Other Acquisition

On June 14, 2024, the Company completed an immaterial acquisition for total purchase consideration of $1.0 million. As part of the acquisition, the Company acquired net assets of $2.2 million, including intangible assets of $2.6 million, and recognized a gain on bargain purchase of $1.2 million within other income, net in the consolidated statements of operations and comprehensive loss during the quarter of the acquisition, resulting from a favorable fair value of identifiable net assets acquired at the date of acquisition as compared with the Company’s purchase price. The Company was able to negotiate a bargain purchase price as a result of the recurring losses and pre-filing bankruptcy status of the selling entity.

The purchase price allocation was finalized as of March 31, 2025.

The following table summarizes the fair values of the identifiable intangible assets acquired (in thousands):


	Useful life	Fair value
Intangible Assets:	(in years)	at acquisition
Developed technology	3.0	$	1,530
Customer relationships	3.0	960
Tradename	3.0	60
		$	2,550

The Company incurred $0.1 million in acquisition related expenses during the year ended December 31, 2024, and recorded as general and administration expenses in its consolidated statements of operations and comprehensive loss.

The financial results of the acquired entity are included in these consolidated financial statements from the date of the acquisition, and are immaterial. The Company has not separately presented unaudited pro forma results of operations reflecting the acquisition as the impacts were not material to the consolidated financial statements.

- Definition

The entire disclosure for business combination.

+ References

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+ Details

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	SoundHound acknowledges the increasing importance of cybersecurity in its operations and recognizes the potential risks and threats associated with cyber incidents. The Company is committed to maintaining the confidentiality, integrity, and availability of its information systems and data. However, no system can be completely immune to cyber threats. We face a number of cybersecurity risks in connection with our business. To date, such risks have not materially affected our business, including threats to and breaches of our data systems, malware and computer virus attacks. Risk Management and Strategy The following information provides an overview of our approach to managing cybersecurity risks. The Company assesses, identifies and manages cybersecurity related risks. Cybersecurity related risks are continuously evaluated to assess top risks to the enterprise. SoundHound has implemented a comprehensive cybersecurity program designed to identify, assess, and manage cyber risks. This program includes, but is not limited to: •Regular risk assessments and vulnerability assessments. •Implementation of industry-accepted cybersecurity controls and best practices. •Employee training and awareness programs to enhance the company's overall cybersecurity posture. •Continuous monitoring and incident response plans to detect and mitigate potential threats promptly. We have a set of Company-wide policies and procedures concerning cybersecurity matters, such as policies related to encryption standards, antivirus protection, remote access, multi factor authentication, confidential information and the use of the internet, social media, email and wireless devices. These policies go through an annual internal review process and are approved by appropriate members of management. We have continued to expand investments in our overall security posture, including additional end-user training, using defense in depth, identifying and protecting critical assets, strengthening monitoring and alerting, and engaging experts. We regularly test our defenses through simulations, both at the technical level and through reviews of our operational policies and procedures. We review our operational policies and procedures with third-party experts as part of our annual audit process. We also maintain cyber insurance coverage. In addition to assessing our own cybersecurity preparedness, we also consider and evaluate cybersecurity risks associated with use of third-party service providers. We conduct an annual review of third-party hosted applications with a specific focus on any sensitive data. We perform user access reviews on all third-party applications. We obtain compliance reports, such as SOC 1 and SOC 2, from all critical third-party vendors annually. If a third-party vendor is not able to provide compliance reports, we take additional steps to assess their cybersecurity preparedness and assess our relationship on that basis. Our assessment of risks associated with use of third-party providers is part of our overall cybersecurity risk management framework. SoundHound will report any cybersecurity incidents determined to be material. Material aspects of the nature, scope and timing of the incident, and the impact or reasonably likely impact of the incident on the Company, including on SoundHound’s financial condition and results of operations will be disclosed.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	Risk Management and Strategy The following information provides an overview of our approach to managing cybersecurity risks. The Company assesses, identifies and manages cybersecurity related risks. Cybersecurity related risks are continuously evaluated to assess top risks to the enterprise. SoundHound has implemented a comprehensive cybersecurity program designed to identify, assess, and manage cyber risks. This program includes, but is not limited to: •Regular risk assessments and vulnerability assessments. •Implementation of industry-accepted cybersecurity controls and best practices. •Employee training and awareness programs to enhance the company's overall cybersecurity posture. •Continuous monitoring and incident response plans to detect and mitigate potential threats promptly. We have a set of Company-wide policies and procedures concerning cybersecurity matters, such as policies related to encryption standards, antivirus protection, remote access, multi factor authentication, confidential information and the use of the internet, social media, email and wireless devices. These policies go through an annual internal review process and are approved by appropriate members of management. We have continued to expand investments in our overall security posture, including additional end-user training, using defense in depth, identifying and protecting critical assets, strengthening monitoring and alerting, and engaging experts. We regularly test our defenses through simulations, both at the technical level and through reviews of our operational policies and procedures. We review our operational policies and procedures with third-party experts as part of our annual audit process. We also maintain cyber insurance coverage. In addition to assessing our own cybersecurity preparedness, we also consider and evaluate cybersecurity risks associated with use of third-party service providers. We conduct an annual review of third-party hosted applications with a specific focus on any sensitive data. We perform user access reviews on all third-party applications. We obtain compliance reports, such as SOC 1 and SOC 2, from all critical third-party vendors annually. If a third-party vendor is not able to provide compliance reports, we take additional steps to assess their cybersecurity preparedness and assess our relationship on that basis. Our assessment of risks associated with use of third-party providers is part of our overall cybersecurity risk management framework. SoundHound will report any cybersecurity incidents determined to be material. Material aspects of the nature, scope and timing of the incident, and the impact or reasonably likely impact of the incident on the Company, including on SoundHound’s financial condition and results of operations will be disclosed.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	The Audit Committee oversees risks from cybersecurity threats as part of its broader risk oversight responsibilities. The board recognizes the importance of cybersecurity in safeguarding the company’s assets and operations. SoundHound has a dedicated Information Security Management Committee responsible for overseeing risks from cybersecurity threats. The Committee’s charter outlines its specific responsibilities related to cybersecurity risk oversight, and assists senior management in fulfilling its oversight responsibilities by creating, implementing, overseeing and maintaining SoundHound’s Information Security Management System. The purpose of the ISMS is to protect the Company’s information systems and assets, taking into account the potential for external threats, internal threats, and threats arising from transactions with trusted third parties and vendors. The board of directors is informed of cybersecurity risks, at least annually, through established processes, including periodic briefings, reports, and updates on the evolving landscape of cybersecurity threats.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	SoundHound has a dedicated Information Security Management Committee responsible for overseeing risks from cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The board of directors is informed of cybersecurity risks, at least annually, through established processes, including periodic briefings, reports, and updates on the evolving landscape of cybersecurity threats.
Cybersecurity Risk Role of Management [Text Block]	SoundHound designates the Information Security Management Committee as responsible for assessing and managing cybersecurity risks. Committee members possess professional experience or backgrounds presenting relevant experience or capacity to address those matters within the scope of the Committee’s responsibility, including senior executives, department leaders, and subject matter experts. Committee members are familiar, or have the ability to quickly gain familiarity, with major technology platforms employed by the Company; have knowledge of technological ecosystems and challenges confronted in current or emerging business environments; have the capacity to understand new or emerging technologies and cyber security threats; are familiar, or have the ability to quickly gain familiarity, with information security principles, privacy regulations, standards, and guidelines; and possess experience relating to enterprise risk management and process. We view cybersecurity as a shared responsibility. All employees are required to complete cybersecurity training as part of onboarding, on an annual basis and have access to more frequent cybersecurity training online. We also require employees in certain roles to complete additional role-based, specialized cybersecurity training. The designated persons or committees actively monitor cybersecurity incidents through processes that monitor the prevention, detection, mitigation and remediation of cybersecurity incidents, including continuous assessment and adaptation to emerging threats.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	SoundHound designates the Information Security Management Committee as responsible for assessing and managing cybersecurity risks.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Committee members possess professional experience or backgrounds presenting relevant experience or capacity to address those matters within the scope of the Committee’s responsibility, including senior executives, department leaders, and subject matter experts. Committee members are familiar, or have the ability to quickly gain familiarity, with major technology platforms employed by the Company; have knowledge of technological ecosystems and challenges confronted in current or emerging business environments; have the capacity to understand new or emerging technologies and cyber security threats; are familiar, or have the ability to quickly gain familiarity, with information security principles, privacy regulations, standards, and guidelines; and possess experience relating to enterprise risk management and process.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	SoundHound has a dedicated Information Security Management Committee responsible for overseeing risks from cybersecurity threats. The Committee’s charter outlines its specific responsibilities related to cybersecurity risk oversight, and assists senior management in fulfilling its oversight responsibilities by creating, implementing, overseeing and maintaining SoundHound’s Information Security Management System. The purpose of the ISMS is to protect the Company’s information systems and assets, taking into account the potential for external threats, internal threats, and threats arising from transactions with trusted third parties and vendors. The board of directors is informed of cybersecurity risks, at least annually, through established processes, including periodic briefings, reports, and updates on the evolving landscape of cybersecurity threats. SoundHound designates the Information Security Management Committee as responsible for assessing and managing cybersecurity risks. Committee members possess professional experience or backgrounds presenting relevant experience or capacity to address those matters within the scope of the Committee’s responsibility, including senior executives, department leaders, and subject matter experts. Committee members are familiar, or have the ability to quickly gain familiarity, with major technology platforms employed by the Company; have knowledge of technological ecosystems and challenges confronted in current or emerging business environments; have the capacity to understand new or emerging technologies and cyber security threats; are familiar, or have the ability to quickly gain familiarity, with information security principles, privacy regulations, standards, and guidelines; and possess experience relating to enterprise risk management and process. We view cybersecurity as a shared responsibility. All employees are required to complete cybersecurity training as part of onboarding, on an annual basis and have access to more frequent cybersecurity training online. We also require employees in certain roles to complete additional role-based, specialized cybersecurity training. The designated persons or committees actively monitor cybersecurity incidents through processes that monitor the prevention, detection, mitigation and remediation of cybersecurity incidents, including continuous assessment and adaptation to emerging threats.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value

The following table presents the fair value of the Company's financial instruments that are measured or disclosed at fair value on a recurring basis (in thousands):


	December 31, 2025
	Level 1		Level 2		Level 3
Assets:
Cash equivalents:
Treasury bills	$	39,920	$	—	$	—
Money market funds	21,334		$	—	$	—
Other non-current assets
Derivative	$	—	$	—	$	4,786
Total assets	$	61,254	$	—	$	—

Liabilities:
Contingent acquisition liabilities (Current)
Contingent earnout consideration	$	—	$	—	$	4,400
Contingent acquisition liabilities (Non-current)
Contingent earnout consideration	$	—	$	—	$	129,227
Total liabilities	$	—	$	—	$	133,627


	December 31, 2024
	Level 1		Level 2		Level 3
Assets:
Cash equivalents:
Treasury bills	$	38,070	$	—	$	—
Money market funds	131,767		$	—	$	—
Total assets	$	169,837	$	—	$	—

Liabilities:
Other current liabilities
Contingent holdback consideration	$	—	$	—	$	4,076
Contingent acquisition liabilities
Contingent earnout consideration	$	—	$	—	$	286,898
Total liabilities	$	—	$	—	$	290,974

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

Equity Line of Credit


Liabilities:	Equity Line of Credit
December 31, 2022	1,075
Change in fair value	1,901
Settlements	(2,976)
December 31, 2023	$	—

The reconciliation of the Company's derivative measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:


Balance as of December 31, 2024	$	110
Change in the fair value of derivative	4,676
Balance as of December 31, 2025	$	4,786

The reconciliation of the Company's Contingent SYNQ3 Holdback Consideration measured at fair value, including the effect of measurement period adjustments, on a recurring basis using unobservable inputs (Level 3) is as follows:


Balance as of December 31, 2023	$	—
Acquisition of SYNQ3	981
Change in the fair value of liability	3,712
Measurement period adjustments	(411)
Settlement	(206)
Balance as of December 31, 2024	4,076
Change in the fair value of liability	44
Settlement	(4,120)
Balance as of December 31, 2025	—

The reconciliation of the Company's contingent earnout consideration measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:


Balance as of December 31, 2023	$	—
Acquisition of SYNQ3	1,676
Acquisition of Amelia	66,269
Change in the fair value of liability*	218,953
Balance as of December 31, 2024	286,898
Acquisition of Interactions	9,900
Change in the fair value of liability*	(163,171)
Balance as of December 31, 2025	133,627

*Changes in the Company's year-end stock price resulted in adjustments to the fair value of contingent acquisition liabilities where future Contingent Earnout Consideration is marked-to-market on a quarterly basis, significantly impacting net loss and net loss per share during the years ended December 31, 2025 and 2024. The fluctuation is non-operating and non-cash in nature.

Schedule of Fair Value Measurement Technique

The Company determined the fair value of the Term Loan common stock warrant at issuance using the Black-Scholes option-pricing model using the following assumptions:


Expected dividend rate	—	%
Risk-free interest rate	3.60	%
Expected volatility	52	%
Expected term (in years)	5

The fair value of the Contingent Holdback Consideration has been estimated as of the Closing Date and December 31, 2024 under the following assumptions:


	January 3, 2024		December 31, 2024
Risk-free interest rate	4.6	%	4.0	%
Holdback period	1.25 years		0.25 years

The fair value of the Contingent SYNQ3 Earnout Consideration acquired from the SYNQ3 Acquisition has been estimated as of the Closing Date, December 31, 2024, and December 31, 2025, with the following assumptions for the unobservable inputs:


	January 3, 2024		December 31, 2024		December 31, 2025
Discount rate	12.6	%	12.9	%	13.1	%
Expected stock price volatility	115.3	%	130.0	%	115.0	%
Risk-free interest rate	4.2	%	4.2	%	3.5	%
Expected dividend yield	0.0	%	0.0	%	0.0	%
Expected life	0.5 - 2.5 years		0.50 - 1.50 years		1 year

The fair value of the Contingent Amelia Earnout Consideration acquired from the Amelia Acquisition has been estimated as of the Closing Date, December 31, 2024, and December 31, 2025, with the following assumptions for the unobservable inputs:


	August 6, 2024		December 31, 2024		December 31, 2025
Metric specific discount rate	8.0	%	9.5	%	8.5	%
Earnout payment discount rate	3.8	%	4.2	%	3.4	%
Expected stock price volatility	73.0	%	68.0	%	98.0	%
Expected metric volatility	11.0	%	12.0	%	15.0	%
Risk-free interest rate for target revenue	4.0	%	4.2	%	3.6	%
Risk-free interest rate for stock price	3.8	%	4.2	%	3.5	%
Expected dividend yield	—	%	—	%	—	%
Expected life	1.4 - 2.4 years		1.0 - 2.0 years		1.0 year

The fair value of the Contingent Interactions Earnout Consideration acquired from the Interactions Acquisition has been estimated as of the Closing Date and December 31, 2025, with the following assumptions for the unobservable inputs:


	September 3, 2025		December 31, 2025
Metric specific discount rate	8.0	%	8.0	%
Risk-free interest rate for target revenue	3.5	%	3.4	%
Expected metric volatility	15.0	%	20.0	%
Earnout payment discount rate	6.8	%	6.2	%
Expected life	1.3 - 2.3 years		1.0 - 2.0 years

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income Tax Provision

The following is a geographical breakdown of income (loss) before income taxes (in thousands):


	Year Ended December 31,
	2025		2024		2023
Domestic	$	(15,244)	$	(363,347)	$	(86,724)
Foreign	5,970		3,419		1,701
	$	(9,274)	$	(359,928)	$	(85,023)

The provision (benefit) for income taxes consisted of the following (in thousands):


	Year Ended December 31,
	2025			2024			2023
Current provision:
Federal	$	—		$	—		$	—
State	—			2			3
Foreign	3,394			2,934			3,881
Total current provision	$	3,394		$	2,936		$	3,884
Deferred provision:
Federal	$	—		$	(10,492)		$	—
State	—			(1,701)			—
Foreign	1,338			10			30
Total deferred provision	$	1,338		$	(12,183)		$	30
Total provision (benefit) for income taxes	$	4,732		$	(9,247)		$	3,914
Effective tax rate	(51.0)		%	2.6		%	(4.6)		%

Schedule of Effective Tax Rate

The following table is a reconciliation of the U.S. federal statutory tax rate of 21% to the Company’s effective tax rate and the provision for (benefit from) income taxes for the years ended December 31, 2025, 2024, and 2023 after adoption of ASU 2023-09 (in thousands):


	Year Ended December 31,
	2025				2024				2023
	Total		%		Total		%		Total		%

Tax at the U.S. federal statutory rate	(1,948)		21.0	%	(75,585)		21.0	%	(17,855)		21.0	%
State and local income taxes, net of federal income tax effects	—		—	%	2		—	%	3		—	%
Foreign tax effects:
South Korea
Withholding tax	1,600		(17.3)	%	1,851		(0.5)	%	3,689		(4.3)	%
Other	(4)		—	%	(4)		—	%	(7)		—	%
China
Other	485		(5.2)	%	(84)		—	%	(21)		—	%
Peru
Withholding tax	1,121		(12.1)	%	501		(0.1)	%	—		—	%
Other	(62)		0.7	%	(1)		—	%	—		—	%
Netherlands
Unrealized FX gain/loss	565		(6.1)	%	—		—	%	—		—	%
Other	(308)		3.3	%	(24)		—	%	—		—	%
Other foreign jurisdictions	81		(0.9)	%	(16)		—	%	(108)		0.1	%
Tax credits:
Research & development tax credits	(4,061)		43.8	%	(4,881)		1.4	%	(2,302)		2.7	%
Changes in valuation allowance	43,550		(469.6)	%	39,083		(10.9)	%	18,604		(21.9)	%
Nontaxable or nondeductible items:
Stock based compensation	(12,233)		131.9	%	(15,224)		4.2	%	2,289		(2.7)	%
Sec. 162(m) disallowance	8,461		(91.2)	%	9,457		(2.6)	%	270		(0.3)	%
Change in fair value of contingent acquisition liabilities	(34,257)		369.4	%	46,761		(13.0)	%	—		—	%
Withholding tax deduction	(348)		3.8	%	(441)		0.1	%	(775)		0.9	%
Transaction costs	590		(6.4)	%	1,451		(0.4)	%	(733)		0.9	%
Remeasurement gain/loss	(968)		10.4	%	11		—	%	—		—	%
Other	80		(0.9)	%	159		—	%	799		(0.9)	%
Changes in unrecognized tax benefits	8		(0.1)	%	(7)		—	%	197		(0.2)	%
Other adjustments:
Acquisition	2,158		(23.3)	%	(12,189)		3.4	%	—		—	%
Other deferred adjustments	222		(2.4)	%	(67)		—	%	(136)		0.2	%
Effective tax rate	$	4,732	(51.0)	%	$	(9,247)	2.6	%	$	3,914	(4.6)	%

Schedule of Income Taxes Paid

The amount of cash paid for income taxes, net of refunds, is as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
U.S. federal	$	—	$	—	$	—
State and local	—		15		3
Total U.S.	$	—	$	15	$	3

Foreign
South Korea	$	2,262	$	1,628	$	1,694
Peru	712		523		—
Netherlands	687		—		—
Germany	*		*		404
India	*		332		—
France	*		*		226
Japan	—		140		*
Other	709		79		29
Total foreign	$	4,370	$	2,702	$	2,353

Total income taxes paid, net of refunds	$	4,370	$	2,717	$	2,356

*Income taxes paid, net of refunds do not meet the disaggregation threshold in years 2025, 2024 and 2023. Such amounts are not presented as comparative disclosures because such disclosures are not required.

Schedule of Net Deferred Tax Assets and Liabilities

The components of our deferred tax assets and liabilities were as follows (in thousands):


	Year Ended December 31,
	2025		2024
Deferred tax assets:
Net operating loss carryforwards	$	210,500	$	127,680
Research and development credits	29,476		23,934
Property and equipment	1,955		1,936
Deferred revenue	4,873		5,260
Interest expense	3,485		5,484
Stock-based compensation	3,497		2,704
Operating lease liabilities	958		1,014
Section 174 research and development capitalization	41,922		40,648
Accruals and reserves	2,530		2,780
Other	—		2
Total deferred tax assets	299,196		211,442
Valuation allowance	(260,164)		(170,219)
Total deferred tax assets, net	39,032		41,223
Deferred tax liabilities:

Right-of-use assets	(936)		(1,017)
Intangible assets	(39,430)		(40,202)
Total deferred tax liabilities	(40,366)		(41,219)
Net deferred tax assets	$	(1,334)	$	4

Schedule of Unrecognized Tax Benefits

Changes in gross unrecognized tax benefits during the periods presented were as follows (in thousands):


Balance as of December 31, 2022	$	6,130
Increase for tax positions of prior years	370
Increase for tax positions of current year	1,095
Balance as of December 31, 2023	$	7,595
Increase for tax positions of prior years	877
Decrease for tax positions of prior years	(4)
Increase for tax positions of current year	2,784
Balance as of December 31, 2024	$	11,252
Increase for tax positions of prior years	408
Decrease for tax positions of prior years	(708)
Increase for tax positions of current year	2,402
Balance as of December 31, 2025	$	13,354

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Dec. 31, 2025
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSOn January 23, 2026, the Company paid $4.7 million to the selling shareholders under Interaction Acquisition to settle a portion of the Contingent Interactions Earnout Consideration due to the achievement of the target through the renewal of an existing contract with a specific customer.

LEASES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
LEASES - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Rent expenses	$ 4.0	$ 4.5	$ 5.3

GOODWILL AND INTANGIBLE ASSETS - Schedule of Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
2026	$ 37,512
2027	34,930
2028	33,138
2029	32,501
Thereafter	43,314
Net Carrying Value	$ 181,395	$ 174,943

COMMITMENTS AND CONTINGENCIES- Narrative (Details) - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2021	Dec. 31, 2025	Dec. 31, 2024
Short-Term Debt [Line Items]
Commitment period (in years)	7 years
Possible Sales Tax Liability
Short-Term Debt [Line Items]
Estimated and recorded liability	$ 98.0	$ 4.1	$ 3.1

OTHER INCOME, NET

12 Months Ended

Dec. 31, 2025

Other Expenses [Abstract]

OTHER INCOME, NET

17. OTHER INCOME, NET

Other income, net on the consolidated statements of operations and comprehensive loss is comprised of the following for the years ended December 31, 2025, 2024 and 2023 (in thousands):


	Year Ended December 31,
	2025		2024		2023
Other income, net:
Interest income	$	9,799	$	8,370	$	2,866
Change in fair value of derivative	4,676		—		—
Loss on change in fair value of ELOC program	—		—		(1,901)
Gain on bargain purchase	—		1,223		—
Other income (expense), net	193		(371)		190
Total other income, net	$	14,668	$	9,222	$	1,155

NET LOSS PER SHARE - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	24,660,465	28,921,011	56,678,251
Contingent holdback consideration
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Acquisition		$ 981
SYNQ3 \| Contingent earnout consideration
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Acquisition		1,676
Amelia Technologies, LLC \| Contingent earnout consideration
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Acquisition		$ 66,269
Unvested Stock-Based And Restricted Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	1,755,078	4,342,570	0
Contingently issuable shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	119,096	0	0
Contingently issuable shares \| Contingent earnout consideration
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	6,085,802	18,257,365	0
Contingently issuable shares \| SYNQ3 \| Contingent holdback consideration
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)		274,191	0
Contingently Returnable Shares \| Escrow Consideration Withholding \| Class A Common Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	1,918,969	2,149,530

ACCRUED LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2025

Other Liabilities Disclosure [Abstract]

Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):


	December 31, 2025		December 31, 2024
Accrued compensation expenses	$	13,949	$	15,850
Accrued vendor payables	8,682		8,141
Accrued litigation liabilities	3,045		1,750
Other accrued liabilities	649		551
	$	26,325	$	26,291

PROPERTY AND EQUIPMENT, NET AND CAPITALIZED SOFTWARE DEVELOPMENT COST- Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Finance lease right of use asset	$ 0.6	$ 0.6
Accumulated depreciation	0.2	0.4
Depreciation and amortization expense	1.0	1.2	$ 2.3
Capitalized software development costs	6.4	0.0
Amortization of intangible assets	$ 0.1	$ 0.0	$ 0.0

- Definition

The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.

+ References + Details

BUSINESS COMBINATIONS - Narratives (Details) - USD ($) $ / shares in Units, $ in Thousands					1 Months Ended	12 Months Ended				17 Months Ended	24 Months Ended
	Sep. 03, 2025	Aug. 06, 2024	Jun. 14, 2024	Jan. 03, 2024	Apr. 30, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2025	Dec. 31, 2025
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Contingent consideration issued						$ 198	$ 217		$ 0
Loss recognized on contingent consideration						(163,127)	222,670		0
Decrease in goodwill						494
Gain on bargain purchase						0	1,223		0
Amelia Debt \| Term Loan
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Principal amount		$ 121,500
Class A Common Stock \| Executive Officer \| Unvested Restricted Stock
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Equity instruments granted (in shares)				2,033,156
SYNQ3
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Purchase price				$ 15,843				$ 15,800
Cash paid				$ 3,910
Shares issued as consideration (in shares)				5,755,910
Equity consideration				$ 9,687
Aggregated consideration withheld				600
Acquisition related expenses						100	1,000		$ 1,100		$ 2,200
Revenue contributed							12,000
Net income (loss) contributed							7,500
Net assets acquired				9,843
Intangible assets				$ 12,705
SYNQ3 \| Class A Common Stock
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Shares issued as consideration (in shares)					472,501
Contingent consideration issued					$ 200
SYNQ3 \| Restricted Stock
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Shares issued as consideration (in shares)				2,033,156
SYNQ3 \| Contingent holdback consideration
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Shares issued as consideration (in shares)				1,179,514
Equity consideration				$ 500
Aggregated consideration withheld				$ 570
SYNQ3 \| Contingent holdback consideration \| Common Stock
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Indemnification period				15 months
SYNQ3 \| Contingent earnout consideration
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Additional cash consideration				$ 800
Contingent consideration liability, up to (in shares)				1,434,936
Aggregated consideration withheld				$ 1,676
Loss recognized on contingent consideration						$ (6,900)	7,000
SYNQ3 \| Deferred holdback - to be settled in cash
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Deferred consideration liability				$ 100
SYNQ3 \| Deferred holdback - to be settled in shares \| Class A Common Stock
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Shares issued as consideration (in shares)				361,145
SYNQ3 \| Holdback - to be settled in cash
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Aggregated consideration withheld				$ 100
SYNQ3 \| Holdback - to be settled in cash \| Class A Common Stock
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Shares issued as consideration (in shares)						38,277
SYNQ3 \| Earnout - to be settled in cash
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Aggregated consideration withheld				$ 200
Contingent consideration issued											$ 0
Amelia Technologies, LLC
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Purchase price		98,608
Cash paid		8,420
Equity consideration		15,291
Acquisition related expenses						$ 900	5,800			$ 6,700
Decrease in accrued liabilities decrease						100
Decrease in other current liabilities						400
Decrease in goodwill						500
Revenue contributed							42,000
Net income (loss) contributed							8,500
Net assets acquired		3,398
Intangible assets		174,500
Amelia Technologies, LLC \| Contingent earnout consideration
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Aggregated consideration withheld		66,269
Loss recognized on contingent consideration						(157,600)	$ 211,900
Amelia Technologies, LLC \| Upfront Consideration
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Cash paid		$ 8,400
Escrow withholding period		6 months
Amelia Technologies, LLC \| Upfront Consideration \| Class A Common Stock
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Shares issued as consideration (in shares)		3,809,520
Amelia Technologies, LLC \| Escrow Consideration Withholding
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Shares issued as consideration (in shares)		2,149,530
Equity consideration		$ 8,628
Indemnification asset		$ 1,400
Stock consideration (in dollars per share)		$ 5.35
Amelia Technologies, LLC \| Upfront Purchase Consideration
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Purchase price		$ 98,600
Shares withheld to secure indemnification obligations (in shares)		16,822,429
Interactions Acquisition
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Purchase price	$ 76,083
Cash paid	65,033
Deferred consideration liability	41,500
Acquisition related expenses						5,000
Cash paid	4,100
Revenue contributed						23,100
Net income (loss) contributed						2,700
Net assets acquired	55,016
Intangible assets	39,500
Interactions Acquisition \| Interaction Acquisition Selling Shareholders
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Cash paid	19,400
Interactions Acquisition \| Contingent earnout consideration
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Additional cash consideration	25,000
Aggregated consideration withheld	9,900
Loss recognized on contingent consideration						1,300
Interactions Acquisition \| Contingent Consideration Deferred Holdback
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Deferred consideration liability	1,200
Aggregated consideration withheld	1,150
Interactions Acquisition \| Contingent Consideration, Adjustment Holdback
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Deferred consideration liability	$ 1,000
Interactions Acquisition \| Contingent Consideration, Indemnity Holdback
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Indemnification period	12 months
Deferred consideration liability	$ 200
Other Acquisition
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Purchase price			$ 1,000
Acquisition related expenses						100
Net assets acquired			2,200
Intangible assets			$ 2,550
Gain on bargain purchase						$ 1,200

NOTE PAYABLE	12 Months Ended
NOTE PAYABLE	Dec. 31, 2025
Debt Disclosure [Abstract]
NOTE PAYABLE	NOTE PAYABLE SVB March 2021 Note In March 2021, the Company entered into a loan and security agreement with a commercial bank to borrow $30.0 million. The loan bore interest at an annual rate equal to the greater of 9.00% or 5.75% above the Prime Rate. During the year ended December 31, 2023, the interest rate was 13.75%. Payments were interest-only for the first twelve months and are now principal and interest through maturity. During the year ended December 31, 2023, the Company recorded less than $0.1 million related to the amortization of the debt discount in interest expense. Concurrently with the Company's entry into the Credit Agreement (as defined below), the Company used a portion of the proceeds to prepay in full all outstanding obligations under, and terminated, the SVB March 2021 Note. In connection with the SVB March 2021 Note prepayment, the Company paid a total of $18.5 million on April 14, 2023, which consisted of (i) the remaining principal amount outstanding of $18.1 million, (ii) a prepayment premium of $0.3 million, (iii) accrued and unpaid interest of $0.1 million and (iv) a nominal amount for transaction expenses, resulting in a loss on debt extinguishment of $0.4 million. SCI June 2021 Note In June 2021, the Company entered into a loan and security agreement with a lender to obtain credit extensions to the Company. Extensions were available in $5.0 million increments up to a total commitment amount of $15.0 million. The Company drew an initial $5.0 million on June 14, 2021 and the remaining $10.0 million on December 1, 2021. The loan bore interest at an annual rate equal to the greater of 9.00% or 5.75% above the Prime Rate. During the year ended December 31, 2023, the interest rate was 13.75%. Payments were interest-only for the first twelve months and principal and interest through maturity. During the year ended December 31, 2023, the Company recorded less than $0.1 million related to the amortization of the debt discounts in interest expense. Concurrently with the Company’s entry into the Credit Agreement (as defined below), the Company used a portion of the proceeds to prepay in full all outstanding obligations under, and terminated, the SCI June 2021 Note. In connection with the SCI June 2021 Note prepayment on April 14, 2023, the Company paid a total of approximately $11.7 million, which consisted of (i) the remaining principal amount outstanding of approximately $11.5 million, (ii) a prepayment premium of approximately $0.2 million and (iii) a nominal amount for transaction expenses resulting in a loss on debt extinguishment of $0.4 million. Term Loan On April 14, 2023 (the “Term Loan Closing Date”), the Company entered into a Senior Secured Term Loan Credit Agreement (the “Credit Agreement”). The Credit Agreement provides for a term loan facility in an aggregate principal amount of up to $100.0 million (the “Term Loan”). The Credit Agreement also permits the Company to request additional commitments of up to $25.0 million in the aggregate, with funding of such commitments in the sole discretion of the lenders, under certain circumstances, which will be subject to the same terms as the Term Loan if funded. On the Term Loan closing date, the Company also entered into Guarantee and Collateral Agreement. In addition, the Company is obligated to pay incremental lender fees (the "Lender Fees"), beginning on the Term Loan closing date, initially at the rate of 3.50% of the principal amount of the Term Loans for the first 18 months paid semi-annually to provide a collateral protection insurance policy on behalf of the lenders. Such rate for the Lender Fees will decrease to 2.50% after the 18-month anniversary of the Term Loan Closing Date. As the lenders are the sole beneficiary of the insurance policy, the Lender Fees are deemed to be additional fees payable to the Lenders and is therefore being recognized as interest expense over the term of the Term Loan based on effective interest method. The Company used the proceeds from the Term Loan to (i) repay outstanding amounts equal to approximately $30.0 million under the Company’s existing loan facilities, (ii) fund an escrow account on the Term Loan Closing Date in the name of the Agent for an amount equal to the first four interest payments, (iii) pay certain fees and expenses incurred in connection with entering into the Credit Agreement, and (iv) fund the Lender Fees, together with related taxes, with the remaining proceeds to be used to fund growth investments and for general corporate purposes as permitted under the Credit Agreement. The outstanding principal balance of the Term Loan bears interest at the applicable margin plus, at the Company’s election, either (i) the Term SOFR published by CME Group Benchmark Administration Limited for a one-month interest period plus 0.15% or (ii) the alternate base rate (“ABR”), which is a per annum rate equal to the greatest of (a) the Prime Rate (as defined in the Credit Agreement), (b) the NYFRB Rate (as defined in the Credit Agreement) plus 0.50% and (c) the Term SOFR plus 1.00%. The applicable margin under the Credit Agreement is 8.50% per annum with respect to SOFR loans, and 7.50% per annum with respect to ABR loans. As of June 30, 2024, the contractual interest rate was approximately 14.0%. The Company was amortizing the discounts on an effective interest basis over the period from issuance through April 14, 2027 (the “Maturity Date”). The effective interest rate was 25.18% for the quarter ended June 30, 2024. The Company incurred $6.0 million in stated interest in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2024, and paid $3.5 million for the period. During the year ended December 31, 2024, the Company recorded $1.5 million in interest expense related to the debt discount. On June 7, 2024, the Company entered into a letter agreement (the “Payoff Letter”) to prepay in full all indebtedness and other amounts outstanding and owing under the Credit Agreement. In connection with the Term Loan prepayment, the Company paid a total of $105.6 million on June 7, 2024, which consisted of (i) the remaining principal amount outstanding of $100.0 million, (ii) a prepayment premium of $5.0 million, (iii) transaction expenses of $0.6 million, resulting in a loss on debt extinguishment of $15.6 million. Accordingly, the accrued and unpaid interest of $2.6 million was waived under the Payoff Letter. Amelia Debt In connection with the Amelia Acquisition, the Company assumed the amended senior secured term loan facility from Amelia in an aggregate principal amount of $121.5 million, which was issued pursuant to the existing Credit Agreement (the “Amelia Debt Credit Agreement”) of Amelia with Monroe Capital Management Advisors, LLC (“Monroe”), as administrative and collateral agent for certain affiliated funds of Monroe, as lenders. In accordance with the terms of the debt assumed, on August 7, 2024, the Company paid $70.0 million in cash to pay down a portion of the outstanding principal balance and issued 2,943,917 shares of Class A common stock to settle certain fees associated with the Amelia Debt. The remaining outstanding balance of $39.7 million has a maturity date of June 30, 2026 (the “Maturity Date”) and provides, at the Company’s election, for payment of a portion of interest in cash or in kind ("PIK"), in which case interest will be capitalized and added to the outstanding principal amount, with principal and accrued interest due at the Maturity Date. The Amelia Debt may be prepaid at any time and must be prepaid, along with the applicable prepayment premium and exit fee, upon the occurrence of certain future events. The Amelia Debt will accrue interest at an annual rate equal to the sum of (a) Adjusted Term SOFR and (b)(i) an applicable margin of 9.00% for the portion of interest paid in cash, and (ii) an additional 1.00% for the portion of interest paid in kind. Upon an event of default, the interest rate will automatically increase by an additional 2.00% per annum, and may result in the declaration that all outstanding principal and interest under the Amelia Debt be immediately due and payable in whole or in part. During the year ended December 31, 2024, the Company recorded and paid $2.0 million in interest expense, of which $0.1 million was paid to settle the PIK that was capitalized and added to the outstanding principal amount. On December 3, 2024, the Company entered into a letter agreement (the “Amelia Debt Payoff Letter”) to prepay in full all indebtedness and other amounts outstanding and owing under the Amelia Debt Credit Agreement. In connection with the Amelia Debt prepayment, the Company paid a total of $39.8 million on December 4, 2024, which consisted of the remaining principal amount outstanding of $39.8 million and transaction expenses of an immaterial amount, resulting in a loss on debt extinguishment of an immaterial amount.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
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+ Details

OTHER INCOME, NET (Tables)

12 Months Ended

Dec. 31, 2025

Other Expenses [Abstract]

Schedule of Other Income (Expense), Net

Other income, net on the consolidated statements of operations and comprehensive loss is comprised of the following for the years ended December 31, 2025, 2024 and 2023 (in thousands):


	Year Ended December 31,
	2025		2024		2023
Other income, net:
Interest income	$	9,799	$	8,370	$	2,866
Change in fair value of derivative	4,676		—		—
Loss on change in fair value of ELOC program	—		—		(1,901)
Gain on bargain purchase	—		1,223		—
Other income (expense), net	193		(371)		190
Total other income, net	$	14,668	$	9,222	$	1,155

GOODWILL AND INTANGIBLE ASSETS - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 101,704	$ 0
Acquisition	21,067
Measurement period adjustment	(494)
Goodwill, ending balance	122,277	101,704
Synq3, Inc
Goodwill [Roll Forward]
Acquisition		6,000
Amelia Technologies, LLC
Goodwill [Roll Forward]
Acquisition		$ 95,704
Measurement period adjustment	$ (500)

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

REVENUE RECOGNITION- Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Jan. 01, 2024
Disaggregation of Revenue [Line Items]
Contract terms of hosted services range	Hosted services, along with non-distinct customization, integration, maintenance and support professional services, allow customers to access the Houndify. Amelia Software Platform, and Virtual Assistance applications over the contract period without taking possession of the software.
Revenues	$ 168,920	$ 84,693	$ 45,873
Accounts receivable, net	32,336	23,159		$ 4,100
Contract assets and unbilled revenue, net	20,461	13,204		28,300
Deferred revenue				$ 9,200
Expected recognized revenue	24,100	5,100	7,900
Revenue, remaining performance obligation, amount	79,500
Professional services
Disaggregation of Revenue [Line Items]
Revenues	15,059	9,488	8,275
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, amount	$ 47,800
Revenue, remaining performance obligation, expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, amount	$ 30,100
Revenue, remaining performance obligation, expected timing of satisfaction, period	4 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01
Disaggregation of Revenue [Line Items]
Revenue, remaining performance obligation, amount	$ 1,600
Revenue, remaining performance obligation, expected timing of satisfaction, period
Over time revenue
Disaggregation of Revenue [Line Items]
Revenues	$ 125,887	67,789	25,757
Over time revenue \| Professional services
Disaggregation of Revenue [Line Items]
Revenues	14,700	9,400	7,400
Point-in-time
Disaggregation of Revenue [Line Items]
Revenues	43,033	16,904	20,116
Point-in-time \| Professional services
Disaggregation of Revenue [Line Items]
Revenues	$ 400	$ 100	$ 900

SEGMENT INFORMATION (Details) $ in Millions	12 Months Ended
SEGMENT INFORMATION (Details) $ in Millions	Dec. 31, 2025 USD ($) segment	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments \| segment	1
Reportable Segment
Segment Reporting Information [Line Items]
Labor and related expense \| $	$ 204.4	$ 114.1	$ 73.1
Operating Expenses Benchmark \| Labor Force Concentration Risk \| Reportable Segment
Segment Reporting Information [Line Items]
Concentration risk, percentage	63.40%	60.50%	66.50%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

REVENUE RECOGNITION (Details) - Schedule of Service (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 168,920	$ 84,693	$ 45,873
Service subscriptions
Disaggregation of Revenue [Line Items]
Revenues	133,547	56,347	1,940
Product royalties
Disaggregation of Revenue [Line Items]
Revenues	34,913	27,964	43,299
Monetization
Disaggregation of Revenue [Line Items]
Revenues	$ 460	$ 382	$ 634

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

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+ Details

BUSINESS COMBINATIONS - Schedule of Fair Values (Details) - USD ($) $ in Thousands	Sep. 03, 2025	Aug. 06, 2024	Jun. 14, 2024	Jan. 03, 2024
SYNQ3
Business Combination, Separately Recognized Transaction [Line Items]
Intangible assets				$ 12,705
SYNQ3 \| Developed technology
Business Combination, Separately Recognized Transaction [Line Items]
Useful life				3 years
Intangible assets				$ 5,210
SYNQ3 \| Customer relationships
Business Combination, Separately Recognized Transaction [Line Items]
Useful life				4 years
Intangible assets				$ 4,800
SYNQ3 \| Tradename
Business Combination, Separately Recognized Transaction [Line Items]
Useful life				2 years
Intangible assets				$ 1,410
SYNQ3 \| Conversation data
Business Combination, Separately Recognized Transaction [Line Items]
Useful life				2 years 6 months
Intangible assets				$ 1,285
Amelia Technologies, LLC
Business Combination, Separately Recognized Transaction [Line Items]
Intangible assets		$ 174,500
Amelia Technologies, LLC \| Developed technology
Business Combination, Separately Recognized Transaction [Line Items]
Useful life		7 years
Intangible assets		$ 98,900
Amelia Technologies, LLC \| Customer relationships
Business Combination, Separately Recognized Transaction [Line Items]
Useful life		7 years
Intangible assets		$ 68,600
Amelia Technologies, LLC \| Tradename
Business Combination, Separately Recognized Transaction [Line Items]
Useful life		5 years
Intangible assets		$ 7,000
Interactions Acquisition
Business Combination, Separately Recognized Transaction [Line Items]
Intangible assets	$ 39,500
Interactions Acquisition \| Developed technology
Business Combination, Separately Recognized Transaction [Line Items]
Useful life	5 years
Intangible assets	$ 12,000
Interactions Acquisition \| Customer relationships
Business Combination, Separately Recognized Transaction [Line Items]
Useful life	5 years
Intangible assets	$ 26,700
Interactions Acquisition \| Trademark
Business Combination, Separately Recognized Transaction [Line Items]
Useful life	2 years
Intangible assets	$ 800
Other Acquisition
Business Combination, Separately Recognized Transaction [Line Items]
Intangible assets			$ 2,550
Other Acquisition \| Developed technology
Business Combination, Separately Recognized Transaction [Line Items]
Useful life			3 years
Intangible assets			$ 1,530
Other Acquisition \| Customer relationships
Business Combination, Separately Recognized Transaction [Line Items]
Useful life			3 years
Intangible assets			$ 960
Other Acquisition \| Tradename
Business Combination, Separately Recognized Transaction [Line Items]
Useful life			3 years
Intangible assets			$ 60

WARRANTS	12 Months Ended
WARRANTS	Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]
WARRANTS	WARRANTS Term Loan Warrants In connection with the Credit Agreement (as defined in Note 10), the Company issued warrants to purchase up to 3,301,536 shares of the Company's Class A Common Stock to the lenders (the “Term Loan Warrants”). The Term Loan Warrants have a per share exercise price of $2.59 and may be exercised, including on a cashless basis, by the holder at any time prior to the 10-year anniversary of the issue date. The Term Loan Warrants will be automatically cashless exercised immediately prior to a change in control of the Company. The Term Loan Warrants are indexed to the Company's stock and were classified as an equity instrument. On the Term Loan Closing Date, this resulted in the Company allocating the gross proceeds and issuance costs between the Term Loan and the Term Loan Warrants based on their relative fair values, resulting in the initial recognition of the Term Loan Warrant at $4.1 million as additional paid-in-capital on the consolidated balance sheets. In March 2024, the Company issued 2,269,982 shares of the Company's Class A Common Stock resulting from the cashless exercise in full of the Term Loan Warrants that were outstanding. As of December 31, 2024, all of the Term Loan Warrants had been exercised and no Term Loan Warrants are outstanding. Warrants Related to the Business Combination Public Warrants On April 26, 2022 (the “Closing”), pursuant to a merger agreement dated as of November 15, 2021 by and among ATSP, ATSPC Merger Sub, Inc. and Legacy SoundHound, the parties consummated the merger of ATSPC Merger Sub, Inc. with and into Legacy SoundHound, with Legacy SoundHound continuing as the surviving corporation, as well as the other transactions contemplated by the Merger Agreement (the merger and such other transactions collectively referred to the “ATSP Merger”). Prior to the ATSP Merger, ATSP issued public warrants (“Public Warrants”). Each Public Warrant entitles the holder to the right to purchase one share of common stock at an exercise price of $11.50 per share. No fractional shares were issued upon exercise of the Public Warrants. The Company may redeem the outstanding warrants, for $0.01 per warrant, upon not less than 30 days’ prior written notice of redemption, if the reported last sale price of the common stock equals or exceeds $18.00 per share (as adjusted for stock dividends, sub-divisions, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing after the warrants become exercisable and ending on the third trading day before the Company sends the notice of redemption to the warrant holders. Upon issuance of a redemption notice by the Company, the warrant holders may, at any time after the redemption notice, exercise the Public Warrants for cash, or on a cashless basis. Subsequent to the closing of the ATSP Merger, the Company’s Public Warrants continue to be classified as equity instruments, as they are indexed to the Company’s stock. Private Warrants Prior to the ATSP Merger, ATSP issued private warrants (“Private Warrants”). The Private Warrants were initially issued in the same form as the Public Warrants with the exception that the Private Warrants: (i) would not be redeemable by the Company and (ii) may be exercised for cash or on a cashless basis, so long as they are held by the initial purchasers or any of their permitted transferees. If the Private Warrants are held by holders other than the initial purchasers or any of their permitted transferees, the Private Warrants will be redeemable by the Company and exercisable by the holders on the same basis as the Public Warrants. The Private Warrants were initially classified as derivative liability instruments as they met the definition of a derivative and were not considered indexed in the Company's own stock as the settlement value could be dependent on who held the Private Warrants at the time of exercise. Upon the Closing of the ATSP Merger, the Company modified its Private Warrants to be identical to its Public Warrants. Therefore, the Private Warrants met requirements for classification as equity instruments, as they are indexed to the Company’s stock. As of December 31, 2025 and December 31, 2024, there were 3,654,115 and 3,663,955 Public Warrants and Private Warrants issued and outstanding, respectively. During the years ended December 31, 2025 and December 31, 2024, the Company issued 9,840 and 2,041 shares, respectively, of the Company's Class A Common Stock resulting from the exercise of Public Warrants and Private Warrants that were outstanding and raised $0.1 million and less than $0.1 million, respectively, in cash proceeds. There was no exercise during the years ended December 31, 2023.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

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+ Details

OTHER INCOME, NET (Details) - USD ($) $ in Thousands	12 Months Ended
OTHER INCOME, NET (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Other Expenses [Abstract]
Interest income	$ 9,799	$ 8,370	$ 2,866
Change in fair value of derivative	4,676	0	0
Loss on change in fair value of ELOC program	0	0	(1,901)
Gain on bargain purchase	0	1,223	0
Other income (expense), net	193	(371)	190
Total other income (expense), net	$ 14,668	$ 9,222	$ 1,155

COVER - USD ($) $ in Millions	12 Months Ended
COVER - USD ($) $ in Millions	Dec. 31, 2025	Feb. 26, 2026	Jun. 30, 2025
Entity Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-40193
Entity Registrant Name	SOUNDHOUND AI, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	86-1286799
Entity Address, Address Line One	5400 Betsy Ross Drive
Entity Address, City or Town	Santa Clara
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95054
City Area Code	408
Local Phone Number	441-3200
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 3,580.2
Documents Incorporated by Reference	None.
Entity Central Index Key	0001840856
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2025
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	SOUN
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		390,278,787
Common stock warrants
Entity Information [Line Items]
Title of 12(b) Security	Redeemable Warrants
Trading Symbol	SOUNW
Security Exchange Name	NASDAQ
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		32,535,408

INCOME TAXES - Schedule of Income Taxes Paid (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Contingency [Line Items]
U.S. federal	$ 0	$ 0	$ 0
State and local	0	15	3
Total U.S.	0	15	3
Foreign
Total foreign	4,370	2,702	2,353
Total income taxes paid, net of refunds	4,370	2,717	2,356
South Korea
Foreign
Total foreign	2,262	1,628	1,694
Peru
Foreign
Total foreign	712	523	0
Netherlands
Foreign
Total foreign	687	0	0
Germany
Foreign
Total foreign			404
India
Foreign
Total foreign		332	0
France
Foreign
Total foreign			226
Japan
Foreign
Total foreign		140
Other
Foreign
Total foreign	$ 709	$ 79	$ 29

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Estimated Useful Lives Company' s Property and Equipment (Details)	Dec. 31, 2025
Software
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Minimum \| Computer equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Maximum \| Computer equipment
Property, Plant and Equipment [Line Items]
Estimated useful lives	4 years

FAIR VALUE MEASUREMENT

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENT

The following table presents the fair value of the Company's financial instruments that are measured or disclosed at fair value on a recurring basis (in thousands):


	December 31, 2025
	Level 1		Level 2		Level 3
Assets:
Cash equivalents:
Treasury bills	$	39,920	$	—	$	—
Money market funds	21,334		$	—	$	—
Other non-current assets
Derivative	$	—	$	—	$	4,786
Total assets	$	61,254	$	—	$	—

Liabilities:
Contingent acquisition liabilities (Current)
Contingent earnout consideration	$	—	$	—	$	4,400
Contingent acquisition liabilities (Non-current)
Contingent earnout consideration	$	—	$	—	$	129,227
Total liabilities	$	—	$	—	$	133,627


	December 31, 2024
	Level 1		Level 2		Level 3
Assets:
Cash equivalents:
Treasury bills	$	38,070	$	—	$	—
Money market funds	131,767		$	—	$	—
Total assets	$	169,837	$	—	$	—

Liabilities:
Other current liabilities
Contingent holdback consideration	$	—	$	—	$	4,076
Contingent acquisition liabilities
Contingent earnout consideration	$	—	$	—	$	286,898
Total liabilities	$	—	$	—	$	290,974

Equity Line of Credit


Liabilities:	Equity Line of Credit
December 31, 2022	1,075
Change in fair value	1,901
Settlements	(2,976)
December 31, 2023	$	—

The Company estimated the Level 3 fair value of the liability related to the ELOC using contractual inputs of the commitment shares and reimbursement fees prior to the settlement. The Company determined that the ELOC was not indexed to the Company’s own common stock and, therefore, should be accounted for in accordance with ASC 815: Derivatives. Accordingly, the Company recorded a derivative liability with an initial fair value of $1.1 million based on the upfront commitment fee and the reimbursement amount to the investor as consideration for its irrevocable commitment to purchase up to 25,000,000 shares of the Company's common stock.

Subsequent changes in the fair value of the derivative liability are dependent upon, among other things, changes in the closing share price of the Company’s common stock, the quantity and purchase price of shares purchased during the reporting period, the unused capacity under the ELOC as of the balance sheet date and the cost of raising other forms of capital. The Company adjusts the previous fair value estimate of the committed equity facility at each reporting period based on changes in the weighted average purchase price of shares purchased during the period, the unused capacity available under the ELOC, expected stock price volatility and other macroeconomic factors which impact the cost of raising comparable forms of capital.

The changes in the fair value of the committed equity facility were an increase of $1.9 million for the year ended December 31, 2023, which is included in other (income) expense, net on the consolidated statements of operations and comprehensive income (loss). The fair value of the liability then is remeasured as of the settlement date equal to the difference between the volume weighted average price at a 3% discount compared to the fair value of the common stock.

Term Loan and Term Loan Warrant

The fair value of the Company's variable rate Term Loan approximates aggregate principal amount as the interest rate of the loan approximates market rates.

The Company issued a Class A Common Stock warrant in connection with the Term Loan (see Note 9 for additional information). The warrant was recorded based on the allocation of its relative fair value of the debt proceeds of $4.1 million. The warrants were classified as equity instruments at inception with a corresponding discount recorded at issuance against the outstanding note payable in connection with the Term Loan. The common stock warrant is not subject to remeasurement at each subsequent balance sheet date due to its classification as an equity instrument as it is considered indexed to the Company’s stock. The Term Loan warrant expires in April 2033.

The Company determined the fair value of the Term Loan common stock warrant at issuance using the Black-Scholes option-pricing model using the following assumptions:


Expected dividend rate	—	%
Risk-free interest rate	3.60	%
Expected volatility	52	%
Expected term (in years)	5

All of the Term Loan Warrants had been exercised during the year ended December 31, 2024. No Term Loan Warrants had been exercised during the year ended December 31, 2023.

Escrow Consideration

Derivative

The reconciliation of the Company's derivative measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:


Balance as of December 31, 2024	$	110
Change in the fair value of derivative	4,676
Balance as of December 31, 2025	$	4,786

The Company accounted for the Escrow Consideration under Amelia acquisition as equity-classified shares issued as part of the consideration transferred. Upon the settlement of any valid indemnification claims against the selling shareholders, the escrow agent will return a number of shares to the Company equal to the dollar value of the indemnified loss divided by the reference price of $5.35 as stipulated in the purchase agreement. The Company concluded that this variability in settlement value is a derivative that is required to be remeasured to fair value due to changes in stock price. During the year ended December 31, 2025, the Company recognized a gain of $4.7 million related to the change in fair value of derivative under other income in the consolidated statement of operations and comprehensive loss.

Contingent Acquisition Liabilities

Contingent Holdback Consideration


Balance as of December 31, 2023	$	—
Acquisition of SYNQ3	981
Change in the fair value of liability	3,712
Measurement period adjustments	(411)
Settlement	(206)
Balance as of December 31, 2024	4,076
Change in the fair value of liability	44
Settlement	(4,120)
Balance as of December 31, 2025	—

The fair value of the cash portion of the Contingent Holdback Consideration was estimated based upon the holdback period of 15 months, and discounted using the risk-free interest rate based on the U.S. Treasury zero-coupon yield curve on the valuation date for a maturity similar to the 15-month holdback period. The fair value of the equity portion of the Contingent SYNQ3 Holdback Consideration was estimated based upon the value of the Company’s Class A Common Stock price. The fair value of the Contingent SYNQ3 Holdback Consideration was initially measured on January 3, 2024, the date on which the Company completed the acquisition of SYNQ3. For the years ended December 31, 2025 and 2024, the Company recognized a loss of less than $0.1 million and a loss of $3.7 million related to the Contingent SYNQ3 Holdback Consideration, respectively.

The fair value of the Contingent Holdback Consideration has been estimated as of the Closing Date and December 31, 2024 under the following assumptions:


	January 3, 2024		December 31, 2024
Risk-free interest rate	4.6	%	4.0	%
Holdback period	1.25 years		0.25 years

Contingent Earnout Consideration

The reconciliation of the Company's contingent earnout consideration measured at fair value on a recurring basis using unobservable inputs (Level 3) is as follows:


Balance as of December 31, 2023	$	—
Acquisition of SYNQ3	1,676
Acquisition of Amelia	66,269
Change in the fair value of liability*	218,953
Balance as of December 31, 2024	286,898
Acquisition of Interactions	9,900
Change in the fair value of liability*	(163,171)
Balance as of December 31, 2025	133,627

For the years ended December 31, 2025 and 2024, the Company recognized a gain of $163.2 million and a loss of $219.0 million related to the contingent earnout consideration, respectively, reflected in the change in fair value of contingent acquisition liabilities in the consolidated statement of operations and comprehensive loss.

The Company utilizes a Monte Carlo simulation to value the contingent earnout consideration. The Company selected this model as it believes it is reflective of all significant assumptions that market participants would likely consider in negotiating the transfer of the contingent earnout consideration. Such assumptions include, among other inputs, expected stock price volatility, risk-free rates, and change in control assumptions. The Company estimates the expected volatility of its common stock based on historical volatility of a peer group, considering the remaining term of the contingent earnout consideration. The risk-free interest rate is based on the U.S. Treasury zero-coupon yield curve on the valuation date for a maturity similar to the expected remaining life of the contingent earnout consideration. The expected life of the contingent earnout consideration is assumed to be equivalent to their remaining contractual term. The dividend rate is based on the historical rate, which the Company anticipates to remain at zero.


	January 3, 2024		December 31, 2024		December 31, 2025
Discount rate	12.6	%	12.9	%	13.1	%
Expected stock price volatility	115.3	%	130.0	%	115.0	%
Risk-free interest rate	4.2	%	4.2	%	3.5	%
Expected dividend yield	0.0	%	0.0	%	0.0	%
Expected life	0.5 - 2.5 years		0.50 - 1.50 years		1 year


	August 6, 2024		December 31, 2024		December 31, 2025
Metric specific discount rate	8.0	%	9.5	%	8.5	%
Earnout payment discount rate	3.8	%	4.2	%	3.4	%
Expected stock price volatility	73.0	%	68.0	%	98.0	%
Expected metric volatility	11.0	%	12.0	%	15.0	%
Risk-free interest rate for target revenue	4.0	%	4.2	%	3.6	%
Risk-free interest rate for stock price	3.8	%	4.2	%	3.5	%
Expected dividend yield	—	%	—	%	—	%
Expected life	1.4 - 2.4 years		1.0 - 2.0 years		1.0 year


	September 3, 2025		December 31, 2025
Metric specific discount rate	8.0	%	8.0	%
Risk-free interest rate for target revenue	3.5	%	3.4	%
Expected metric volatility	15.0	%	20.0	%
Earnout payment discount rate	6.8	%	6.2	%
Expected life	1.3 - 2.3 years		1.0 - 2.0 years

There were no transfers of financial instruments between Level 1, Level 2 and Level 3 during the years ended December 31, 2025 and 2024.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 100
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482078/820-10-55-100

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6A
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 940
-SubTopic 820
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478119/940-820-50-1

+ Details

STOCK INCENTIVE PLANS - Schedule of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Number of Shares
Balance at the beginning (in shares)	5,925,911	16,841,367	25,420,425
Exercised (in shares)	(2,036,995)	(9,806,309)	(3,585,829)
Forfeited or cancelled (in shares)	(5,503)	(1,109,147)	(4,993,229)
Balance at the end (in shares)	3,883,413	5,925,911	16,841,367	25,420,425
Exercisable at the end (in shares)	3,877,860
Weighted Average Exercise Price
Balance outstanding at the beginning (in dollars per share)	$ 4.44	$ 3.59	$ 3.74
Exercised (in dollars per share)	4.22	2.91	2.37
Forfeited or cancelled (in dollars per share)	7.51	4.76	5.24
Balance outstanding at the end (in dollars per share)	4.55	$ 4.44	$ 3.59	$ 3.74
Exercisable (in dollars per share)	$ 4.55
Weighted Average Exercise Price
Outstanding, weighted average remaining contractual life (years)	4 years 6 months 3 days	5 years 29 days	4 years 9 months 7 days	6 years 3 months 25 days
Exercisable, Weighted average remaining contractual term (years)	4 years 6 months
Outstanding balance at the beginning, average intrinsic value	$ 21,051	$ 91,268	$ 1,392	$ 1,448
Exercised, average intrinsic value	22,034	72,806	5,207
Outstanding balance at the end, average intrinsic value	21,051	$ 91,268	$ 1,392	$ 1,448
Options exercisable at the end, average intrinsic value	$ 21,026

BUSINESS COMBINATIONS - Schedule of Purchase Price (Details) - USD ($) $ in Thousands				12 Months Ended
	Sep. 03, 2025	Aug. 06, 2024	Jan. 03, 2024	Dec. 31, 2024	Dec. 31, 2025	Dec. 31, 2023
Liabilities assumed:
Goodwill acquired on acquisition				$ 101,704	$ 122,277	$ 0
SYNQ3
Business Combination, Separately Recognized Transaction [Line Items]
Cash paid			$ 3,910
Equity consideration			9,687
Contingent consideration			600
Purchase price			15,843	$ 15,800
Assets acquired:
Cash			221
Accounts receivable			1,500
Prepaid expenses			72
Intangible assets			12,705
Total identified assets acquired			14,498
Liabilities assumed:
Accounts payable			440
Accrued liabilities			3,427
Deferred tax liability			38
Other non-current liabilities			750
Total liabilities assumed			4,655
Fair value of identifiable net assets acquired			9,843
Goodwill acquired on acquisition			6,000
SYNQ3 \| Contingent earnout consideration
Business Combination, Separately Recognized Transaction [Line Items]
Contingent consideration			1,676
SYNQ3 \| Contingent holdback consideration
Business Combination, Separately Recognized Transaction [Line Items]
Equity consideration			500
Contingent consideration			$ 570
Interactions Acquisition
Business Combination, Separately Recognized Transaction [Line Items]
Cash paid	$ 65,033
Purchase price	76,083
Assets acquired:
Cash	10,431
Accounts receivable	8,626
Other current assets	1,519
Contract asset - current	3,586
Property and equipment	1,722
Right-of-use assets	659
Contract assets and unbilled receivable, non-current, net	3,081
Other assets	176
Intangible assets	39,500
Total identified assets acquired	69,300
Liabilities assumed:
Accounts payable	3,048
Accrued liabilities	3,508
Operating lease liability, current	241
Financing lease liability, current	298
Deferred revenue	4,155
Deferred revenue, non-current	478
Operating lease liability, non-current	2,300
Other non-current liabilities	256
Total liabilities assumed	14,284
Fair value of identifiable net assets acquired	55,016
Goodwill acquired on acquisition	21,067
Interactions Acquisition \| Contingent earnout consideration
Business Combination, Separately Recognized Transaction [Line Items]
Contingent consideration	$ 9,900
Amelia Technologies, LLC
Business Combination, Separately Recognized Transaction [Line Items]
Cash paid		$ 8,420
Equity consideration		15,291
Purchase price		98,608
Assets acquired:
Cash		1,128
Accounts receivable		8,075
Other current assets		1,822
Contract asset - current		4,090
Property and equipment		348
Right-of-use assets		227
Other assets		1,741
Intangible assets		174,500
Total identified assets acquired		191,931
Liabilities assumed:
Accounts payable		11,112
Accrued liabilities		10,965
Income tax liabilities		582
Short-term debt		70,000
Operating lease liability, current		211
Financing lease liability, current		37
Other current liabilities		3,474
Deferred revenue		23,408
Deferred revenue, non-current		4,295
Long-term debt		51,511
Deferred tax liability		11,820
Operating lease liability, non-current		16
Other non-current liabilities		34
Income tax liability, net of current portion		1,068
Total liabilities assumed		188,533
Fair value of identifiable net assets acquired		3,398
Goodwill acquired on acquisition		95,210
Amelia Technologies, LLC \| Contingent earnout consideration
Business Combination, Separately Recognized Transaction [Line Items]
Contingent consideration		66,269
Amelia Technologies, LLC \| Escrow Consideration Withholding
Business Combination, Separately Recognized Transaction [Line Items]
Equity consideration		$ 8,628

LEASES

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

LEASES

The Company leases certain facilities under non-cancelable operating leases that expire at various dates through 2030. Some leases include renewal options, which would permit extensions of the expiration dates at rates approximating fair market rental values. The Company also enters into certain finance leases for computer equipment. The finance leases are collateralized by the financed assets.

Aggregate non-cancelable future minimum lease payments under operating and finance leases were as follows as of December 31, 2025 (in thousands):


	Operating Lease		Finance Lease
Year Ending December 31:
2026	$	2,037	$	377
2027	797		119
2028	580		40
2029	501		—
2030	334		—
Thereafter	—		—
Total	4,249		536
Less: imputed interest	(386)		(58)
Present value of lease liabilities	3,863		478
Less: current portion	(1,812)		(332)
Add: immaterial difference	$	18	$	—
Lease liabilities, net of current portion	$	2,069	$	146

The components of lease cost were as follows during the years ended December 31, 2025, 2024 and 2023 (in thousands):


	Year Ended December 31,
	2025		2024		2023
Operating lease cost	$	2,703	$	2,628	$	3,177
Short-term lease cost	$	957	$	972	$	1,298

Finance lease cost:
Amortization of finance leased assets	$	149	$	134	$	161
Interest on lease liabilities	$	29	$	11	$	23

The table below presents additional information related to our leases as of December 31, 2025:


	Operating Lease		Finance Lease
Weighted average remaining lease term (years)	2.53		0.92
Weighted average discount rate	10.67	%	14.00	%

The Company’s rent expense totaled approximately $4.0 million, $4.5 million and $5.3 million during the years ended December 31, 2025, 2024 and 2023, respectively.

LEASES

Aggregate non-cancelable future minimum lease payments under operating and finance leases were as follows as of December 31, 2025 (in thousands):


	Operating Lease		Finance Lease
Year Ending December 31:
2026	$	2,037	$	377
2027	797		119
2028	580		40
2029	501		—
2030	334		—
Thereafter	—		—
Total	4,249		536
Less: imputed interest	(386)		(58)
Present value of lease liabilities	3,863		478
Less: current portion	(1,812)		(332)
Add: immaterial difference	$	18	$	—
Lease liabilities, net of current portion	$	2,069	$	146

The components of lease cost were as follows during the years ended December 31, 2025, 2024 and 2023 (in thousands):


	Year Ended December 31,
	2025		2024		2023
Operating lease cost	$	2,703	$	2,628	$	3,177
Short-term lease cost	$	957	$	972	$	1,298

Finance lease cost:
Amortization of finance leased assets	$	149	$	134	$	161
Interest on lease liabilities	$	29	$	11	$	23

The table below presents additional information related to our leases as of December 31, 2025:


	Operating Lease		Finance Lease
Weighted average remaining lease term (years)	2.53		0.92
Weighted average discount rate	10.67	%	14.00	%

The Company’s rent expense totaled approximately $4.0 million, $4.5 million and $5.3 million during the years ended December 31, 2025, 2024 and 2023, respectively.

STOCK INCENTIVE PLANS (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

Stock option activity under the Plans was as follows for the years ended December 31, 2025, 2024 and 2023:


	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in Thousands)
Outstanding, December 31, 2022	25,420,425	$	3.74	6.32	$	1,448
Exercised	(3,585,829)	2.37			5,207
Forfeited or cancelled	(4,993,229)	5.24
Outstanding, December 31, 2023	16,841,367	$	3.59	4.77	$	1,392
Exercised	(9,806,309)	2.91			72,806
Forfeited or cancelled	(1,109,147)	4.76
Outstanding, December 31, 2024	5,925,911	$	4.44	5.08	$	91,268
Exercised	(2,036,995)	4.22			22,034
Forfeited or cancelled	(5,503)	7.51
Outstanding, December 31, 2025	3,883,413	$	4.55	4.51	$	21,051
Exercisable, December 31, 2025	3,877,860	4.55		4.50	21,026

Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The assumptions under the Black-Scholes option-pricing model during the year ended December 31, 2022 were as follows for option awards:



	2022
Dividend yield	0	%
Expected volatility	51	%
Expected term (years)	5.88
Risk free interest rate	2.58	%

The assumptions under the Black-Scholes option-pricing model during the years ended December 31, 2025, 2024, and 2023 were as follows for ESPP awards:


	Year Ended		Year Ended		Year Ended
	December 31, 2025		December 31, 2024		December 31, 2023
Dividend yield	0	%	0	%	0	%
Expected volatility	96	%	84	%	56	%
Expected term (years)	0.50		0.50		0.49
Risk free interest rate	3.74	%	4.40	%	5.26	%

Schedule of Nonvested Restricted Stock Units Activity

The activity for unvested Restricted Stock Units under the Plans was as follows for the years ended December 31, 2025, 2024 and 2023:


	Number of Shares	Weighted Average Grant Date Fair Value
Unvested, December 31, 2023	16,343,591	3.39
Granted	14,009,111	4.14
Vested	(7,322,556)	3.44
Forfeited	(1,239,891)	3.15
Unvested, December 31, 2024	21,790,255	3.87
Granted	13,628,889	12.34
Vested	(12,093,741)	5.66
Forfeited	(1,722,039)	5.41
Unvested, December 31, 2025	21,603,364	8.09

The activity for unvested Restricted Stock Awards was as follows for the year ended December 31, 2025:


	Number of Shares	Weighted Average Grant Date Fair Value
Unvested, December 31, 2023	—	—
Granted	2,033,156	1.98
Vested	(169,430)	1.98
Forfeited	—
Unvested, December 31, 2024	1,863,726	1.98
Granted	—
Vested	(295,919)	1.98
Forfeited	(508,289)	1.98
Unvested, December 31, 2025	1,059,518	1.98

Schedule of Operations and Comprehensive Loss

Stock-based compensation is classified in the following expense accounts on the consolidated statements of operations and comprehensive loss for the years ended December 31, 2025, 2024 and 2023 (in thousands):


	Year Ended December 31,
	2025		2024		2023
Cost of revenues	$	8,899	$	458	$	412
Sales and marketing	15,990		4,818		3,601
Research and development	35,270		16,203		11,992
General and administrative	22,892		11,666		8,784
Restructuring costs	—		—		3,142
Less: Capitalized software development costs	(2,431)		—		—
Total	$	80,620	$	33,145	$	27,931

NET LOSS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Calculation of Basic and Diluted Net Loss Per Share

The following table presents the calculation of basic and diluted net loss per share attributable to common stockholders for the years ended December 31, 2025, 2024 and 2023:


	Year Ended December 31,
	2025		2024		2023
Numerator:
Net loss	$	(14,006)	$	(350,681)	$	(88,937)

Cumulative dividends attributable to Series A Preferred Stock	—		(416)		(2,774)
Net loss attributable to common stockholders - basic	$	(14,006)	$	(351,097)	$	(91,711)

Net loss	$	(14,006)	$	(350,681)	$	(88,937)
Effect of potentially dilutive equivalent shares to net loss	(99,512)		—		—
Cumulative dividends attributable to Series A Preferred Stock	—		(416)		(2,774)
Net loss attributable to common stockholders - diluted	$	(113,518)	$	(351,097)	$	(91,711)

Denominator:
Weighted average shares outstanding – basic	405,421,412		338,462,574		229,264,904
Effect of potentially dilutive equivalent shares	4,034,930		—		—
Weighted average shares outstanding – diluted	409,456,342		338,462,574		229,264,904

Basic net loss per share	$	(0.03)	$	(1.04)	$	(0.40)
Diluted net loss per share	$	(0.28)	$	(1.04)	$	(0.40)

Schedule of Outstanding Shares of Potentially Dilutive Securities


	Year Ended December 31,
	2025	2024	2023
Stock-based awards	20,336,025	24,918,197	33,484,074
Unvested restricted share awards	551,229	338,859	—
Common stock warrants	3,654,115	3,663,955	6,967,532
Contingently issuable shares	119,096	—	—
Series A Preferred Stock	—	—	16,226,645
Total	24,660,465	28,921,011	56,678,251

NET LOSS PER SHARE - Schedule of Calculation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Numerator:
Net loss	$ (14,006)	$ (350,681)	$ (88,937)
Cumulative dividends attributable to Series A Preferred Stock	0	(416)	(2,774)
Net loss attributable to SoundHound common stockholders	(14,006)	(351,097)	(91,711)
Effect of potentially dilutive equivalent shares to net loss	(99,512)	0	0
Net loss attributable to common stockholders - diluted	$ (113,518)	$ (351,097)	$ (91,711)
Denominator:
Weighted-average shares outstanding - basic (in Shares)	405,421,412	338,462,574	229,264,904
Effect of potentially dilutive equivalent shares (in shares)	4,034,930	0	0
Weighted-average shares outstanding - dilutive (in Shares)	409,456,342	338,462,574	229,264,904
Basic net loss per share (in dollars per share)	$ (0.03)	$ (1.04)	$ (0.40)
Diluted net loss per share (in dollars per share)	$ (0.28)	$ (1.04)	$ (0.40)

PREFERRED STOCK	12 Months Ended
PREFERRED STOCK	Dec. 31, 2025
Equity [Abstract]
PREFERRED STOCK	PREFERRED STOCK Series A Preferred Stock Between January 18, 2023 and January 20, 2023, the Company entered into Preferred Stock Purchase Agreements (the “Purchase Agreements”) with certain investors (the “Investors”), pursuant to which the Company issued and sold to the Investors an aggregate of 835,011 shares of its newly designated Series A Convertible Preferred Stock for issuance price of $30.00 per share, raising an aggregate of approximately $25.0 million in cash proceeds. As of December 31, 2025 and December 31, 2024, all the Series A Preferred Stock have been converted to Class A Common Stock. Liquidation Preference The Liquidation Preference per share of Preferred Stock was initially equal to $30.00, the original issue price per share. On January 1, 2024, the Company's Series A Preferred Stock holders received their latest dividends paid-in-kind as an increase in Liquidation Preference, thereby increasing the Liquidation Preference per share to approximately $34.13. Redemption The Series A Preferred Stock is not mandatorily redeemable. Conversion Each share of Series A Preferred Stock is convertible, at the option of the holder, into such number of shares of Class A Common Stock equal to the Liquidation Preference per share at the time of conversion divided by $1.00 (the “Conversion Price”). In addition, each share of Series A Preferred Stock will automatically convert into shares of Class A Common Stock at the Conversion Price on or after January 20, 2024 if and when the daily volume-weighted average closing price per share of Class A Common Stock is at least 2.5 times the Conversion Price for each of any 90 trading days during any 120 consecutive trading day period, which 120-trading day period may commence (but may not end) prior to January 20, 2024. As of December 31, 2024, the condition of automatic conversion was met and all the remaining Series A Preferred Stock were automatically converted. During the year ended December 31, 2024, 475,005 shares of preferred stock were converted into 16,624,215 shares of Class A Common Stock. The conversion was pursuant to the original terms of the agreement and therefore the carrying value of Series A Preferred Stock was converted into Class A Common Stock with no gain or loss upon conversion. There were no conversions during the year ended December 31, 2025. Voting Rights The Investors do not have voting rights, except with respect to certain protective provisions and as required by the Delaware General Corporation Law. However, as long as the Series A Preferred Stock are outstanding, the Company may not take certain actions that may materially and adversely impact the powers, preferences, or rights of the Investors without the consent of at least a majority of the Investors.

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

INCOME TAXES- Narratives (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES- Narratives (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Contingency [Line Items]
Income tax (benefits) expense	$ 4,732	$ (9,247)	$ 3,914
Change in the valuation allowance	90,000	$ 90,000
Unrecognized tax benefits that would impact effective tax rate	600
Unrecognized tax benefits that would not impact effective tax rate	12,800
Unrecognized tax benefits, penalties and interest expense	100
Accrued penalties and interest	100
Domestic Tax Jurisdiction
Income Tax Contingency [Line Items]
Operating loss carryforwards	892,900
Operating loss carryforwards, not subject to expiration	691,000
Domestic Tax Jurisdiction \| Research Tax Credit Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward, amount	27,200
State and Local Jurisdiction
Income Tax Contingency [Line Items]
Operating loss carryforwards	379,700
Operating loss carryforwards, not subject to expiration	18,500
State and Local Jurisdiction \| Research Tax Credit Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward, amount	15,400
Foreign Tax Jurisdiction \| Research Tax Credit Carryforward
Income Tax Contingency [Line Items]
Tax credit carryforward, amount	$ 1,900

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The change in the carrying value of goodwill including the effect of measurement period adjustments for the year ended December 31, 2025, was as follows (in thousands):


Balance as of December 31, 2023	$	—
Acquisition of SYNQ3	$	6,000
Acquisition of Amelia	$	95,704
Balance as of December 31, 2024	$	101,704
Acquisition of Interactions	21,067
Measurement period adjustment	$	(494)
Balance as of December 31, 2025	$	122,277

The Company has applied the acquisition method of accounting in accordance with ASC 805 and recognized assets acquired and liabilities assumed of SYNQ3, Amelia, and Interactions at their fair value as of the date of acquisition, with the excess purchase consideration recorded to goodwill. As the Company finalizes the estimation of the fair value of the assets acquired and liabilities assumed, additional adjustments to the amount of goodwill may be necessary. Refer to Note 3 for further information on the measurement period adjustments of Amelia Acquisition.

Intangible Assets

The gross carrying value, accumulated amortization and net carrying value of intangible assets consisted of the following (in thousands):


		December 31, 2025
	Useful life (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Developed technology	3.0 - 7.0	$	117,640	$	24,871	$	92,769
Customer relationships	3.0 - 7.0	101,060		18,422		82,638
Tradename	2.0 - 5.0	9,270		3,538		5,732
Conversation data	2.5	1,285		1,029		256
Total		$	229,255	$	47,860	$	181,395


		December 31, 2024
	Useful life (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Developed technology	3.0 - 7.0	$	105,640	$	7,696	$	97,944
Customer relationships	3.0 - 7.0	74,360		5,322		69,038
Tradename	2.0 - 5.0	8,470		1,280		7,190
Conversation data	2.5	1,285		514		771
Total		$	189,755	$	14,812	$	174,943

Amortization expense of intangible assets was $33.0 million for the year ended December 31, 2025. This expense was recorded as $17.2 million within cost of revenues for the year ended December 31, 2025. Amortization expense of

intangible assets was $14.8 million for the year ended December 31, 2024. This expense was recorded as $7.7 million within cost of revenues for the year ended December 31, 2024. There was no amortization expense during the year ended December 31, 2023.

Future amortization expense of intangible assets held as of December 31, 2025, is as follows (in thousands):


Year ending December 31,
2026	$	37,512
2027	34,930
2028	33,138
2029	32,501
Thereafter	43,314
Total	$	181,395

ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Other Liabilities Disclosure [Abstract]
Accrued compensation expenses	$ 13,949	$ 15,850
Accrued vendor payables	8,682	8,141
Accrued litigation liabilities	3,045	1,750
Other accrued liabilities	649	551
Accrued liabilities	$ 26,325	$ 26,291

STOCK INCENTIVE PLANS - Schedule of Assumptions (Details)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Dividend yield	0.00%
Stock-based awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Dividend yield				0.00%
Expected volatility				51.00%
Expected term (years)				5 years 10 months 17 days
Risk free interest rate				2.58%
Employee Stock Purchase Plan Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Dividend yield	0.00%	0.00%	0.00%
Expected volatility	96.00%	84.00%	56.00%
Expected term (years)	6 months	6 months	5 months 26 days
Risk free interest rate	3.74%	4.40%	5.26%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-Section 35
-Paragraph 1D
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480483/718-10-35-1D

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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 24: http://www.xbrl.org/2003/role/disclosureRef
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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Reference 29: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

LEASES- Schedule of Aggregate Noncancelable Future Minimum Lease Payments Under Operating and Finance Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Operating Lease
2026	$ 2,037
2027	797
2028	580
2029	501
2030	334
Thereafter	0
Total	4,249
Less: imputed interest	(386)
Present value of lease liabilities	3,863
Less: current portion	(1,812)	$ (1,898)
Add: immaterial difference	18
Lease liabilities, net of current portion	2,069	2,403
Finance Lease
2026	377
2027	119
2028	40
2029	0
2030	0
Thereafter	0
Total	536
Less: imputed interest	(58)
Present value of lease liabilities	478
Less: current portion	(332)	$ (49)
Add: immaterial difference	0
Lease liabilities, net of current portion	$ 146
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities

BUSINESS COMBINATIONS - Schedule of Proforma (Details) - SYNQ3 - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Business Combination, Goodwill, Reportable Segment Assignment [Line Items]
Revenue	$ 211,701	$ 225,556	$ 153,586
Net loss attributable to SoundHound AI, Inc.	$ (8,624)	$ (367,400)	$ (158,339)

COMMITMENTS AND CONTINGENCIES - Schedule of Aggregate Non-cancelable Future Minimum Payments (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2026	$ 16,000
2027	24,000
2028	24,000
Total	$ 64,000

REVENUE RECOGNITION (Details) - Schedule of Revenues Under Each Performance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 168,920	$ 84,693	$ 45,873
Hosted services
Disaggregation of Revenue [Line Items]
Revenues	108,255	57,246	18,364
Licensing
Disaggregation of Revenue [Line Items]
Revenues	45,146	17,577	18,600
Professional services
Disaggregation of Revenue [Line Items]
Revenues	15,059	9,488	8,275
Monetization
Disaggregation of Revenue [Line Items]
Revenues	$ 460	$ 382	$ 634

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

REVENUE RECOGNITION (Details) - Schedule of Disaggregates Revenue by Geographic Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 168,920	$ 84,693	$ 45,873
United States
Disaggregation of Revenue [Line Items]
Revenues	108,387	46,751	6,769
Korea
Disaggregation of Revenue [Line Items]
Revenues	10,336	12,289	22,962
France
Disaggregation of Revenue [Line Items]
Revenues	7,307	8,756	4,090
Germany
Disaggregation of Revenue [Line Items]
Revenues	360	196	5,950
Other
Disaggregation of Revenue [Line Items]
Revenues	$ 42,530	$ 16,701	$ 6,102

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

AUDIT INFORMATION	12 Months Ended
AUDIT INFORMATION	Dec. 31, 2025
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	San Francisco, California
Auditor Firm ID	238

REVENUE RECOGNITION - Schedule of Contract Balance (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Jan. 01, 2024
Revenue from Contract with Customer [Abstract]
Unbilled account receivables - current	$ 17,728	$ 13,441
Contract assets - current	20,461	13,204	$ 28,300
Unbilled account receivables - non-current	12,988	922
Contract assets - non-current	$ 16,918	$ 11,957

NOTE PAYABLE - Narratives (Details) - USD ($) $ in Thousands							1 Months Ended	12 Months Ended
	Dec. 04, 2024	Aug. 07, 2024	Jun. 07, 2024	Apr. 14, 2023	Dec. 01, 2021	Jun. 14, 2021	Jun. 30, 2021	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Aug. 06, 2024	Jun. 30, 2024	Mar. 31, 2021
Debt Instrument [Line Items]
Loss on early extinguishment of debt								$ 0	$ 15,629	$ 837
Cash paid for interest								26	6,337	11,984
Payment to retire debt assumed								$ 0	215,373	$ 35,029
Notes Payable, Other Payables
Debt Instrument [Line Items]
Extinguishment of debt				$ 30,000
SVB March 2021 Notes
Debt Instrument [Line Items]
Borrowings													$ 30,000
Loan interest rate (percent)								9.00%
Effective interest rate (percent)										13.75%
Extinguishment of debt				18,500
Repayments of debt				18,100
Prepayment premium				300
Interest payable				100
Loss on early extinguishment of debt				400
SVB March 2021 Notes \| Secured Debt
Debt Instrument [Line Items]
Interest expense related to the debt discounts (less than)										$ 100
SVB March 2021 Notes \| Prime Rate
Debt Instrument [Line Items]
Prime interest rate (percent)								5.75%
SCI June 2021 Note
Debt Instrument [Line Items]
Loan interest rate (percent)								9.00%
Effective interest rate (percent)										13.75%
Extinguishment of debt				11,700
Repayments of debt				11,500
Prepayment premium				200
Loss on early extinguishment of debt				400
Incremental extension amount							$ 5,000
Maximum borrowing capacity							$ 15,000
Proceeds from lines of credit					$ 10,000	$ 5,000
Amortization of the debt discount (less than)										$ 100
SCI June 2021 Note \| Prime Rate
Debt Instrument [Line Items]
Prime interest rate (percent)								5.75%
Term Loan \| Secured Debt
Debt Instrument [Line Items]
Maximum borrowing capacity				100,000
Additional borrowing capacity				$ 25,000
Effective interest rate (percent)												14.00%
Term Loan \| Secured Debt \| Closing date
Debt Instrument [Line Items]
Percentage of Term Loan required to be paid (percent)				3.50%
Initial period with collateral protection insurance payments				18 months
Term Loan \| Secured Debt \| 18-month anniversary
Debt Instrument [Line Items]
Percentage of Term Loan required to be paid (percent)				2.50%
Term Loan \| Term SOFR \| Secured Debt
Debt Instrument [Line Items]
Prime interest rate (percent)				0.15%
Term Loan \| New York Federal Reserve Bank (NYFRB) Rate \| Secured Debt
Debt Instrument [Line Items]
Prime interest rate (percent)				0.50%
Term Loan \| Adjustable Rate \| Secured Debt
Debt Instrument [Line Items]
Prime interest rate (percent)				1.00%
Term Loan \| SOFR \| Secured Debt
Debt Instrument [Line Items]
Prime interest rate (percent)				8.50%
Term Loan \| Alternate Base Rate \| Secured Debt
Debt Instrument [Line Items]
Prime interest rate (percent)				7.50%
Notes Payable, Other Payables \| Secured Debt
Debt Instrument [Line Items]
Interest expense related to the debt discounts (less than)									1,500
Effective interest rate (percent)												25.18%
Interest expense									6,000
Cash paid for interest									3,500
Payoff Letter
Debt Instrument [Line Items]
Extinguishment of debt			$ 100,000
Repayments of debt			105,600
Prepayment premium			5,000
Interest payable			2,600
Loss on early extinguishment of debt			15,600
Transaction expense			$ 600
Amelia Debt \| Term Loan
Debt Instrument [Line Items]
Cash paid for interest									2,000
Principal amount											$ 121,500
Payment to retire debt assumed		$ 70,000
Equity consideration (in shares)		2,943,917
Remaining outstanding		$ 39,700
Interest percentage (percent)		2.00%
Paid in kind interest									$ 100
Amelia Debt \| Term SOFR \| Term Loan \| Variable Rate Component One
Debt Instrument [Line Items]
Prime interest rate (percent)		9.00%
Amelia Debt \| Term SOFR \| Term Loan \| Variable Rate Component Two
Debt Instrument [Line Items]
Prime interest rate (percent)		1.00%
Amelia Debt Payoff Letter
Debt Instrument [Line Items]
Extinguishment of debt	$ 39,800
Repayments of debt	39,800
Loss on early extinguishment of debt	0
Transaction expenses	$ 0

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Allowances on accounts receivable	$ 2,254	$ 726
Preferred stock par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Preferred stock, liquidation preference (in shares)	$ 0	$ 0
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	755,000,000	455,000,000
Common stock, shares issued (in shares)	390,070,691	361,096,457
Common stock, shares outstanding (in shares)	390,070,691	361,096,457
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock authorized (in shares)	44,000,000	44,000,000
Common stock, shares issued (in shares)	32,535,408	32,535,408
Common stock, shares outstanding (in shares)	32,535,408	32,535,408

COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

Contracts

In August 2021, the Company entered into an exclusive agreement with a cloud service provider to host its voice artificial intelligence platform pursuant to which the Company committed to pay a minimum of $98.0 million in cloud costs over a seven-year period subject to variable increases based on usage.

Aggregate non-cancelable future minimum payments were as follows as of December 31, 2025 (in thousands):


2026	16,000
2027	24,000
2028	24,000
Total	$	64,000

Legal Proceedings

From time to time, the Company may have certain contingent liabilities that arise in the ordinary course of its business activities. The Company accrues contingent liabilities when it is probable that future expenditures will be made, and such expenditures can be reasonably estimated. The Company's assessment may change over time as individual proceedings or claims progress.

VB Assets, LLC v. SoundHound

On November 21, 2024, VB Assets, LLC, a non-practicing entity, filed a complaint against the Company in the United States District Court for the District of Delaware alleging patent infringement under 35 U.S.C. § 271. The case is captioned as VB Assets, LLC v. SoundHound AI, Inc., Case No. 1:24-cv-1279-MN. In its complaint, VB Assets, LLC alleges the Company is infringing U.S. Patent Nos. 8,073,681, 11,222,626, 8,886,536, 9,269,097, 9,502,025, and 11,087,385. VB Assets, LLC subsequently amended its complaint adding allegations that the Company is also infringing U.S. Patent Nos. 10,755,699, 10,297,249, and 7,818,176. At the appropriate time, the Company will deny all infringement allegations and allege that VB Assets, LLC patents asserted against the Company are invalid and/or unenforceable. The Company intends to vigorously defend itself in all respects. As of December 31, 2025, no determination can be made as to the likelihood of a favorable or unfavorable outcome. In accordance with ASC 450, Contingencies, no reasonably possible loss or range of loss can be estimated and accrued as of December 31, 2025.

Securities Litigation

On March 28, 2025, a class action complaint was filed in the United States District Court for the Northern District of California, captioned Liles v. SoundHound AI, Inc., Case No. 3:25-cv-02915-RFL. The complaint names as defendants the Company, its CEO Keyvan Mohajer, and its CFO Nitesh Sharan. The complaint asserts, among other

things, claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended. Plaintiff seeks to represent a putative class of stockholders who purchased or otherwise acquired SoundHound securities between March 1, 2024 and March 11, 2025, both dates inclusive. On July 14, 2025, Judge Rita Lin appointed the leading plaintiff in the litigation. On July 25, 2025, a new Scheduling Order was entered. On October 1, 2025, the Lead Plaintiff served their amended complaint. The Company filed a motion to dismiss on December 12, 2025. The Plaintiffs filed their opposition to the motion to dismiss on February 10, 2026. The Company plans to file its reply on or before March 19, 2026. The hearing is scheduled in April 2026. The Company intends to vigorously defend the claims and believes the complaint lacks merit. As of December 31, 2025, no determination can be made as to the likelihood of a favorable or unfavorable outcome. In accordance with ASC 450, Contingencies, no reasonably possible loss or range of loss can be estimated and accrued as of December 31, 2025.

Derivative Actions

On April 8, 2025, a purported shareholder derivative complaint was filed in the United States District Court for the Northern District of California, captioned Bishop v. Mohajer, Case No. 3:25-cv-03172-JD. The complaint purports to assert claims on behalf of the Company against its directors, CEO, and CFO for breach of fiduciary duty, aiding and abetting breach of fiduciary duty, unjust enrichment, waste of corporate assets, and for contribution against Mr. Mohajer and Mr. Sharan under Sections 10(b) and 21D of the Securities Exchange Act of 1934. On April 16, 2025, a similar purported shareholder derivative complaint was filed against the same defendants in the same forum, captioned Roy v. Mohajer, Case No. 5:25-cv-03363-NC. That complaint purports to assert claims on behalf of the Company against its directors, CEO, and CFO for breach of fiduciary duty, unjust enrichment, abuse of control, gross mismanagement, waste of corporate assets, and for contribution against Mr. Mohajer and Mr. Sharan under Sections 10(b) and 21D of the Securities Exchange Act of 1934. All derivative actions have been stayed pending resolution of the Liles v. SoundHound AI et al securities class action litigation. As of December 31, 2025, no determination can be made as to the likelihood of a favorable or unfavorable outcome. In accordance with ASC 450, Contingencies, no reasonably possible loss or range of loss can be estimated and accrued as of December 31, 2025.

Other Matters

The Company continues to analyze potential sales tax exposure using a state-by-state assessment. In accordance with ASC 450, Contingencies, the Company estimated and recorded a liability of $4.1 million and $3.1 million as of December 31, 2025 and 2024.

FAIR VALUE MEASUREMENT - Schedule of Term Loan Common Stock Warrant (Details) - Term Loan Warrant	Dec. 31, 2025 yr
Expected dividend rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and rights outstanding, measurement input	0
Risk-free interest rate
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and rights outstanding, measurement input	0.0360
Expected volatility
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and rights outstanding, measurement input	0.52
Expected term (in years)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants and rights outstanding, measurement input	5

COMMON STOCK - (Details) $ / shares in Units, $ in Thousands							12 Months Ended
	Jan. 24, 2025 USD ($)	Nov. 12, 2024 USD ($)	Apr. 09, 2024 USD ($)	Jul. 28, 2023 USD ($)	Feb. 14, 2023 USD ($)	Aug. 16, 2022 USD ($) shares	Dec. 31, 2025 USD ($) vote $ / shares shares	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	May 23, 2025 shares	May 22, 2025 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized (in shares) \| shares							800,000,000
Preferred stock, shares authorized (in shares) \| shares							1,000,000	1,000,000
Preferred stock par value (in dollars per share) \| $ / shares							$ 0.0001	$ 0.0001
Loss on change in fair value of ELOC program							$ 0	$ 0	$ 1,901
Proceeds from the issuance of common stock							0	0	9,369
Commission and offering costs borne							4,030	$ 10,357	0
Common Stock Purchase Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Costs and fees incurred									200
Derivative liability, statement of financial position [Extensible Enumeration]						Other non-current liabilities
Warrant liability						$ 1,100
Loss on change in fair value of ELOC program									$ 1,900
Sale of shares (in shares) \| shares									25,000,000
Consideration received on transaction									$ 71,700
Common Stock Purchase Agreement \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Per share price (in dollars per share) \| $ / shares									$ 1.75
Common Stock Purchase Agreement \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Per share price (in dollars per share) \| $ / shares									$ 4.26
Execute Equity Distribution Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Sale of shares (in shares) \| shares								16,224,989
Consideration received on transaction								$ 117,000
Shares authorized for sale								0
Proceeds from the issuance of common stock								120,000
Commission and offering costs borne								$ 3,000
Average stock price (in dollars per share) \| $ / shares								$ 7.40
Second Equity Distribution Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized for sale							48,500
Fixed commission rate (in percent)	0.020
Proceeds from the issuance of common stock							201,500
Commission and offering costs borne							$ 4,000
Average stock price (in dollars per share) \| $ / shares							$ 14.48
Issuance of common stock (in shares) \| shares							13,913,014
Common Stock \| Equity Distribution Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Sale of shares (in shares) \| shares								31,694,198
Consideration received on transaction								$ 146,200
Per share price (in dollars per share) \| $ / shares								$ 4.73
Commission and offering costs borne								$ 3,700
Remaining capacity available for issuance								$ 0
Class A Common Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock authorized (in shares) \| shares							755,000,000	455,000,000		755,000,000	455,000,000
Common stock, par value (in dollars per share) \| $ / shares							$ 0.0001	$ 0.0001
Number of votes per share \| vote							1
Class A Common Stock \| Common Stock Purchase Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Aggregate number of shares not to be exceeded (in shares) \| shares						25,000,000
Purchase price as a percentage of the volume-weighted average price (in percent)						97.00%
Shares issued as consideration (in shares) \| shares						250,000
Costs and fees incurred					$ 300
Class A Common Stock \| Controlled Equity Offering Sales Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized for sale				$ 150,000				$ 133,800
Fixed commission rate (in percent)				0.025
Sales agent specified expenses				$ 100
Class A Common Stock \| Equity Distribution Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Consideration received on transaction			$ 150,000
Fixed commission rate (in percent)			0.025
Proceeds from the issuance of common stock								$ 150,000
Class A Common Stock \| Execute Equity Distribution Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Consideration received on transaction		$ 120,000
Fixed commission rate (in percent)		0.025
Class A Common Stock \| Second Equity Distribution Agreement
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares authorized for sale	$ 250,000
Class A Common Stock \| Common Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issuance of common stock (in shares) \| shares							13,913,014	85,826,406
Class A Common Stock \| Common Stock \| Sales Agreement Issuance
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Sale of shares (in shares) \| shares								37,907,219
Per share price (in dollars per share) \| $ / shares								$ 3.62
Proceeds from the issuance of common stock								$ 137,300
Commission and offering costs borne								$ 3,400
Class B Common Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock authorized (in shares) \| shares							44,000,000	44,000,000
Common stock, par value (in dollars per share) \| $ / shares							$ 0.0001	$ 0.0001
Number of votes per share \| vote							10
Common stock conversion ratio							1
Class B Common Stock \| Common Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Converted shares (in shares) \| shares							0	4,950,000

PROPERTY AND EQUIPMENT, NET AND CAPITALIZED SOFTWARE DEVELOPMENT COST

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET AND CAPITALIZED SOFTWARE DEVELOPMENT COST

Property and equipment, net consisted of the following (in thousands):


	December 31, 2025		December 31, 2024
Computer equipment	$	17,441	$	19,480
Software and voice recordings	10,453		10,033
Leasehold improvements	4,618		3,871
Furniture and fixtures	962		1,154
Construction in progress	15		—
Total property and equipment, at cost	33,489		34,537
Less: accumulated depreciation and amortization	(30,562)		(33,298)
Total property and equipment, net	$	2,928	$	1,239

As of December 31, 2025 and 2024, property and equipment, net includes assets under finance lease obligations (see Note 16 for additional information) with an aggregate cost of approximately $0.6 million and $0.6 million, respectively, and accumulated depreciation of approximately $0.2 million and $0.4 million, respectively. Depreciation and amortization expense in respect of capitalized property and equipment totaled approximately $1.0 million, $1.2 million and $2.3 million for the years ended December 31, 2025, 2024 and 2023, respectively.

As of December 31, 2025 and 2024, capitalized software development costs were $6.4 million and zero, respectively, and are included in other non-current assets in the accompanying consolidated balance sheets. Amortization expense for the years ended December 31, 2025, 2024 and 2023, was less than $0.1 million, zero and zero, respectively.

INCOME TAXES - Schedule of Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Domestic	$ (15,244)	$ (363,347)	$ (86,724)
Foreign	5,970	3,419	1,701
Loss before provision (benefit) for income taxes	(9,274)	(359,928)	(85,023)
Current provision:
Federal	0	0	0
State	0	2	3
Foreign	3,394	2,934	3,881
Total current provision	3,394	2,936	3,884
Deferred provision:
Federal	0	(10,492)	0
State	0	(1,701)	0
Foreign	1,338	10	30
Deferred income taxes	1,338	(12,183)	30
Provision (benefit) for income taxes	$ 4,732	$ (9,247)	$ 3,914
Effective tax rate	(51.00%)	2.60%	(4.60%)

STOCK INCENTIVE PLANS

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

STOCK INCENTIVE PLANS

2016 Equity Incentive Plan

In April 2016, we adopted the 2016 Equity Incentive Plan (the “2016 Plan”) as a successor and continuation of the 2006 Plan. Under the 2016 Plan, the Company was permitted to grant awards of stock options and Restricted Stock Units ("RSUs"), as well as stock appreciation rights and other stock awards. The Company no longer has shares available for issuance under the 2016 Plan.

2022 Incentive Award Plan

The Company adopted the 2022 Incentive Award Plan (the “2022 Incentive Plan,” collectively, with the 2006 Plan and the 2016 Plan, the “Plans”), effective April 26, 2022. The Company reserved 19,650,371 shares of Class A Common Stock for the issuance of awards under the 2022 Incentive Plan (“the Initial Limit”). The Initial Limit represents 10% of the aggregate number of shares of the Company’s common stock outstanding immediately after the Closing and is subject to increase each year over a ten-year period. As of December 31, 2025, the Company had 9,967,757 shares remaining for issuance under the 2022 Incentive Plan.

2022 Employee Stock Purchase Plan

The Company adopted the 2022 Employee Stock Purchase Plan (the “ESPP”) effective April 26, 2022, An aggregate of 3,930,074 shares of the Company’s Class A Common Stock has been reserved for issuance or transfer pursuant to rights granted under the ESPP (“Aggregate Number”). The Aggregate Number represents 2% of the aggregate number of shares of the Company’s common stock outstanding immediately after the Closing and is subject to increase each year over a ten-year period. The ESPP provides eligible employees with an opportunity to purchase common stock from the Company at a discount through accumulated payroll deductions. The ESPP is being implemented through a series of offerings of purchase rights to eligible employees. Under the ESPP, the Company’s Board of Directors may specify offerings but generally provides for a duration of 27 months. The purchase price will be specified pursuant to the offering, but cannot, under the terms of the ESPP, be less than 85% of the lower of the fair market value per share of the Company’s common stock on either the offering date or on the purchase date. The ESPP also includes a six-month look-back provision for the purchase price if the stock price on the purchase date is less than the stock price on the offering date. The first offering period under the ESPP began on November 1, 2022. As of December 31, 2025, 1,216,324 shares of Class A Common Stock were issued under the ESPP.

2024 Employment Inducement Incentive Award Plan

The Company adopted 2024 Employment Inducement Incentive Award Plan (the “2024 Inducement Plan,” collectively, with the 2016 Plan and the 2022 Incentive Plan, the “Plans”) effective August 6, 2024. The Company reserved 6,000,000 shares of Class A Common Stock for the issuance of awards under the 2024 Inducement Plan. As of December 31, 2025, 2,569,834 shares remaining for issuance under the 2024 Inducement Plan.

Stock Options Activity

Options granted generally have a maximum term of 10 years from grant date, are exercisable upon vesting unless otherwise designated for early exercise by the Board of Directors at the time of grant, and generally vest over a four-year period, with a 25% cliff vesting after one year and then ratably on a monthly basis for the remaining three years.

Stock option activity under the Plans was as follows for the years ended December 31, 2025, 2024 and 2023:


	Number of Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value (in Thousands)
Outstanding, December 31, 2022	25,420,425	$	3.74	6.32	$	1,448
Exercised	(3,585,829)	2.37			5,207
Forfeited or cancelled	(4,993,229)	5.24
Outstanding, December 31, 2023	16,841,367	$	3.59	4.77	$	1,392
Exercised	(9,806,309)	2.91			72,806
Forfeited or cancelled	(1,109,147)	4.76
Outstanding, December 31, 2024	5,925,911	$	4.44	5.08	$	91,268
Exercised	(2,036,995)	4.22			22,034
Forfeited or cancelled	(5,503)	7.51
Outstanding, December 31, 2025	3,883,413	$	4.55	4.51	$	21,051
Exercisable, December 31, 2025	3,877,860	4.55		4.50	21,026

Options exercised early are subject to the vesting provisions mentioned above, and any unvested shares are subject to repurchase at the original price upon termination of employment, death, or disability. There were no option exercises during the years ended December 31, 2025, 2024 and 2023 that were subject to repurchase.

There were no options granted during the years ended December 31, 2025, 2024, and 2023. The total fair value of options vested was approximately $1.5 million, $3.0 million and $4.5 million during the years ended December 31, 2025, 2024 and 2023, respectively. The Company recorded stock-based compensation expense related to options of $1.3 million, $3.0 million and $4.0 million for the years ended December 31, 2025, 2024 and 2023.

As of December 31, 2025, the total unrecognized stock-based compensation expense related to the unvested stock options was less than $0.1 million, which we expect to recognize over a weighted-average period of 0.53 years.

For the purpose of determining the estimated fair value of share-based payment awards issued in the form of stock options, the Company uses the Black-Scholes option-pricing model. The assumptions under the Black-Scholes option-pricing model during the year ended December 31, 2022 were as follows for option awards:



	2022
Dividend yield	0	%
Expected volatility	51	%
Expected term (years)	5.88
Risk free interest rate	2.58	%

Restricted Stock Units Activity

RSUs granted generally vest over a four-year period, with 25% cliff vesting after one year and then ratably on a monthly basis for the remaining three years. Besides RSUs with vesting condition tied to requisite service period, the Company also issues RSUs with vesting conditions tied to certain market conditions (“Market-Based RSUs”) and RSUs with vesting conditions tied to certain performance criteria ("Performance-Based RSUs").

In connection with the SYNQ3 Acquisition, the Company granted 1,434,978 RSUs (the "Retention Pool"), 25% of which is subject to service conditions that vest at the end of each of the upcoming three fiscal years and 75% of which is subject to both service and performance-based vesting conditions at the end of each of the upcoming three fiscal years, respectively.

The performance level for each of the fiscal years 2024, 2025 and 2026 is based on tiered annual revenue targets, subject to a floor of $9.0 million, $21.0 million and $30.0 million, respectively, with vesting ranging from 50% to 100% of the RSUs granted depending on the level of achievement of the specified revenue target in each year.

The Company assesses the probability of vesting of the above performance-based awards from the Retention Pool every reporting period. As of December 31, 2025, the 2024 performance target was not met, but the 2025 performance target was met. The Company assessed the 2026 performance target as probable of being met.

The Company also granted 3,533,500 RSUs that vest over a four-year requisite service period to Amelia employees during the year ended December 31, 2025. Additionally, the Company granted 10,045,389 RSUs to other employees of the Company during the year ended December 31, 2025. As a result, the Company granted total of 13,578,889 RSUs during the year ended December 31, 2025.

The activity for unvested Restricted Stock Units under the Plans was as follows for the years ended December 31, 2025, 2024 and 2023:


	Number of Shares	Weighted Average Grant Date Fair Value
Unvested, December 31, 2023	16,343,591	3.39
Granted	14,009,111	4.14
Vested	(7,322,556)	3.44
Forfeited	(1,239,891)	3.15
Unvested, December 31, 2024	21,790,255	3.87
Granted	13,628,889	12.34
Vested	(12,093,741)	5.66
Forfeited	(1,722,039)	5.41
Unvested, December 31, 2025	21,603,364	8.09

The Company recorded stock-based compensation expense of $4.0 million, $1.1 million and $1.3 million related to Performance-Based RSUs during the years ended December 31, 2025, 2024, and 2023, respectively. As of December 31, 2025, the total unrecognized stock-based compensation expense related to the unvested Performance-based RSUs was approximately $3.9 million. There were 50,000 Performance-Based RSUs granted during the year ended December 31, 2025.

The Company recorded less than $0.1 million, $0.6 million and $1.5 million in stock-based compensation expense related to Market-Based RSUs during the year ended December 31, 2025, 2024 and 2023, respectively. As of December 31, 2025, there was no unrecognized stock-based compensation expense related to the unvested Market-Based RSUs.

To derive the fair value of Market-Based RSUs, the Company applies a Monte Carlo simulation to determine the grant date fair value. The Company did not grant Market-Based RSUs during the years ended December 31, 2025, 2024, and 2023.

During the years ended December 31, 2025, 2024 and 2023, the fair value of RSUs that vested was $66.1 million, $24.1 million, and $25.5 million. During the years ended December 31, 2025, 2024, and 2023, the Company recorded $70.6 million, $27.2 million, and $20.4 million of stock-based compensation related to RSUs. As of December 31, 2025, the total unrecognized stock-based compensation expense related to the unvested RSUs with service conditions was approximately $157.7 million.

The total unrecognized stock-based compensation related to unvested RSUs is $161.6 million and this will vest over a weighted average period of 2.48 years.

Restricted Stock Awards Activity

In connection with the SYNQ3 Acquisition, a total of 2,033,156 unvested restricted Class A Common Stock shares ("RSAs") were issued, 25% of which are subject to service conditions that vest at the end of each of the upcoming three fiscal years in three tranches, and 75% of which is subject to both service and performance-based vesting conditions in three tranches. As of December 31, 2025, 465,349 RSAs were vested and 508,289 RSAs were forfeited as a result of the targets not met or not probable of being met.

The performance level for each of the fiscal years 2024, 2025 and 2026 is based on tiered annual revenue targets, subject to a floor of $9.0 million, $21.0 million and $30.0 million, respectively, with vesting ranging from 50% to 100% of the RSAs granted depending on the level of achievement of the specified revenue target in each year.

The Company assesses the probability of vesting of the above performance-based awards every reporting period. As of December 31, 2025, the 2024 performance target was not met, but the 2025 performance target was met. The Company assessed the 2026 performance target as probable of being met.

The activity for unvested Restricted Stock Awards was as follows for the year ended December 31, 2025:


	Number of Shares	Weighted Average Grant Date Fair Value
Unvested, December 31, 2023	—	—
Granted	2,033,156	1.98
Vested	(169,430)	1.98
Forfeited	—
Unvested, December 31, 2024	1,863,726	1.98
Granted	—
Vested	(295,919)	1.98
Forfeited	(508,289)	1.98
Unvested, December 31, 2025	1,059,518	1.98

The Company recorded stock-based compensation expense of $5.7 million and $0.8 million related to RSAs during the years ended December 31, 2025 and 2024, respectively.

As of December 31, 2025, the total unrecognized stock-based compensation expense related to the unvested RSAs subject to service-based vesting condition and unvested RSAs subject to performance-based vesting condition was approximately $0.1 million and $0.3 million, respectively, over a weighted average period of 1.00 years. Refer to Note 3 for further information on the SYNQ3 Acquisition.

ESPP Activity

For the purpose of determining the estimated fair value of ESPP shares, the Company uses the Black-Scholes option-pricing model. The assumptions under the Black-Scholes option-pricing model during the years ended December 31, 2025, 2024, and 2023 were as follows for ESPP awards:


	Year Ended		Year Ended		Year Ended
	December 31, 2025		December 31, 2024		December 31, 2023
Dividend yield	0	%	0	%	0	%
Expected volatility	96	%	84	%	56	%
Expected term (years)	0.50		0.50		0.49
Risk free interest rate	3.74	%	4.40	%	5.26	%

During the years ended December 31, 2025, 2024 and 2023, the Company recorded $1.4 million, $0.5 million and $0.4 million of stock-based compensation related to its ESPP. There was $0.6 million of unrecognized stock-based compensation expense for the year ended December 31, 2025, related to the ESPP that is expected to be recognized over an average vesting period of 0.36 years.

Equity Award Modifications

In connection with the Restructuring Plan (as defined in Note 11), the Company entered into severance arrangements with 166 affected employees. Pursuant to these arrangements, these employees received acceleration of vesting of RSUs and extensions of the post-termination exercise period of stock option awards. All award modifications related

to restructuring activities were expensed in the year ended December 31, 2023. The total incremental compensation cost resulting from these modifications is $3.2 million. There were no significant modifications during the years ended December 31, 2025 and 2024.

Stock-Based Compensation


	Year Ended December 31,
	2025		2024		2023
Cost of revenues	$	8,899	$	458	$	412
Sales and marketing	15,990		4,818		3,601
Research and development	35,270		16,203		11,992
General and administrative	22,892		11,666		8,784
Restructuring costs	—		—		3,142
Less: Capitalized software development costs	(2,431)		—		—
Total	$	80,620	$	33,145	$	27,931

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expenses	$ 33.0	$ 14.8	$ 0.0
Amortization recorded in cost of revenues	$ 17.2	$ 7.7

PROPERTY AND EQUIPMENT, NET AND CAPITALIZED SOFTWARE DEVELOPMENT COST (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment, Net

The estimated useful lives of the Company’s property and equipment are as follows:


Computer equipment			3 – 4 years
Software			3 years
Furniture and fixtures			5 years
Leasehold improvements			Lesser of useful life or the term of the lease

Property and equipment, net consisted of the following (in thousands):


	December 31, 2025		December 31, 2024
Computer equipment	$	17,441	$	19,480
Software and voice recordings	10,453		10,033
Leasehold improvements	4,618		3,871
Furniture and fixtures	962		1,154
Construction in progress	15		—
Total property and equipment, at cost	33,489		34,537
Less: accumulated depreciation and amortization	(30,562)		(33,298)
Total property and equipment, net	$	2,928	$	1,239

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Schedule of Property and Equipment, Net

The estimated useful lives of the Company’s property and equipment are as follows:


Computer equipment			3 – 4 years
Software			3 years
Furniture and fixtures			5 years
Leasehold improvements			Lesser of useful life or the term of the lease

Property and equipment, net consisted of the following (in thousands):


	December 31, 2025		December 31, 2024
Computer equipment	$	17,441	$	19,480
Software and voice recordings	10,453		10,033
Leasehold improvements	4,618		3,871
Furniture and fixtures	962		1,154
Construction in progress	15		—
Total property and equipment, at cost	33,489		34,537
Less: accumulated depreciation and amortization	(30,562)		(33,298)
Total property and equipment, net	$	2,928	$	1,239

FAIR VALUE MEASUREMENT - Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Derivative
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Change in the fair value of liability	$ (4,700)
Escrow Consideration Withholding \| Derivative
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Liability, beginning balance	110
Change in the fair value of liability	(4,676)
Liability, ending balance	4,786	$ 110
Contingent Holdback Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Liability, beginning balance	4,076	0
Acquisition		981
Change in the fair value of liability	44	3,712
Measurement period adjustments		(411)
Settlement	(4,120)	(206)
Liability, ending balance	0	4,076
Contingent Holdback Consideration \| SYNQ3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Change in the fair value of liability	100	3,700
Contingent earnout consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Liability, beginning balance	286,898	0
Change in the fair value of liability	(163,171)	218,953
Liability, ending balance	133,627	286,898
Contingent earnout consideration \| SYNQ3
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Acquisition		1,676
Contingent earnout consideration \| Amelia
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Acquisition		$ 66,269
Contingent earnout consideration \| Interactions Acquisition
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Acquisition	$ 9,900

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Goodwill [Line Items]
Gross Carrying Value	$ 229,255	$ 189,755
Accumulated Amortization	47,860	14,812
Net Carrying Value	181,395	174,943
Developed technology
Goodwill [Line Items]
Gross Carrying Value	117,640	105,640
Accumulated Amortization	24,871	7,696
Net Carrying Value	$ 92,769	$ 97,944
Developed technology \| Minimum
Goodwill [Line Items]
Useful life (in years)	3 years	3 years
Developed technology \| Maximum
Goodwill [Line Items]
Useful life (in years)	7 years	7 years
Customer relationships
Goodwill [Line Items]
Gross Carrying Value	$ 101,060	$ 74,360
Accumulated Amortization	18,422	5,322
Net Carrying Value	$ 82,638	$ 69,038
Customer relationships \| Minimum
Goodwill [Line Items]
Useful life (in years)	3 years	3 years
Customer relationships \| Maximum
Goodwill [Line Items]
Useful life (in years)	7 years	7 years
Tradename
Goodwill [Line Items]
Gross Carrying Value	$ 9,270	$ 8,470
Accumulated Amortization	3,538	1,280
Net Carrying Value	$ 5,732	$ 7,190
Tradename \| Minimum
Goodwill [Line Items]
Useful life (in years)	2 years	2 years
Tradename \| Maximum
Goodwill [Line Items]
Useful life (in years)	5 years	5 years
Conversation data
Goodwill [Line Items]
Useful life (in years)	2 years 6 months	2 years 6 months
Gross Carrying Value	$ 1,285	$ 1,285
Accumulated Amortization	1,029	514
Net Carrying Value	$ 256	$ 771

STOCK INCENTIVE PLANS - Narrative (Details) $ in Thousands			12 Months Ended				36 Months Ended	44 Months Ended
STOCK INCENTIVE PLANS - Narrative (Details) $ in Thousands	Jan. 03, 2024 Rate shares	Apr. 26, 2022 shares	Dec. 31, 2026 USD ($)	Dec. 31, 2025 USD ($) tranche employee Rate shares	Dec. 31, 2024 USD ($) shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2026	Dec. 31, 2025 USD ($) shares	Aug. 06, 2024 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Option exercises subject to repurchase (in shares) \| shares				0	0	0
Options granted ( in shares) \| shares				0	0	0
Fair value of options vested				$ 1,500	$ 3,000	$ 4,500
Unamortized expense (less than)				100				$ 100
Total				$ 80,620	33,145	27,931
Number of affected employees \| employee				166
Modification incremental cost				$ 0	0	3,200
Stock-based awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (years)				4 years
Contractual expirations (years)				10 years
Amortization period (years)				6 months 10 days
Stock-based awards \| Share-Based Payment Arrangement, Tranche Two
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (years)				3 years
Stock-based awards \| Share-Based Payment Arrangement, Tranche One
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (years)				1 year
Vesting percentage (in percent) \| Rate				25.00%
Market Based RSUs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unamortized expense				$ 1,300	3,000	4,000		1,300
Total				100	600	1,500
Unrecognized stock-based compensation expense				0				0
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value of options vested				66,100	24,100	25,500
Unamortized expense (less than)				$ 157,700				157,700
Amortization period (years)				2 years 5 months 23 days
Equity instruments granted (in shares) \| shares				13,578,889
Total				$ 70,600	27,200	20,400
Unrecognized expense				$ 161,600				161,600
Restricted Stock Units (RSUs) \| Share-Based Payment Arrangement, Employee
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity instruments granted (in shares) \| shares				10,045,389
Restricted Stock Units (RSUs) \| SYNQ3
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity instruments granted (in shares) \| shares	1,434,978
Revenue target				$ 21,000	9,000
Restricted Stock Units (RSUs) \| SYNQ3 \| Forecast
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Revenue target			$ 30,000
Restricted Stock Units (RSUs) \| SYNQ3 \| Forecast \| Minimum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting percentage (in percent)							50.00%
Restricted Stock Units (RSUs) \| SYNQ3 \| Forecast \| Maximum
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting percentage (in percent)							100.00%
Restricted Stock Units (RSUs) \| Share-Based Payment Arrangement, Tranche Two \| SYNQ3
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting percentage (in percent) \| Rate	75.00%
Restricted Stock Units (RSUs) \| Share-Based Payment Arrangement, Tranche One \| SYNQ3
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (years)	3 years
Vesting percentage (in percent) \| Rate	25.00%
Restricted Stock Units (RSUs) \| Share-Based Payment Arrangement, Tranche Three \| Grantee Status, Amelia Employees
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (years)				4 years
Equity instruments granted (in shares) \| shares				3,533,500
Performance Shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unamortized expense (less than)				$ 3,900				3,900
Amortization period (years)				1 year
Equity instruments granted (in shares) \| shares				50,000
Total				$ 4,000	$ 1,100	1,300
Unrecognized expense				$ 300				300
Unvested Restricted Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Amortization period (years)				1 year
Equity instruments granted (in shares) \| shares	2,033,156			0	2,033,156
Total				$ 5,700	$ 800
Unrecognized expense				$ 100				100
Unvested Restricted Stock \| Share-Based Payment Arrangement, Tranche Two
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting percentage (in percent)				75.00%
Number of tranches \| tranche				3
Unvested Restricted Stock \| Share-Based Payment Arrangement, Tranche One
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (years)				3 years
Vesting percentage (in percent)				25.00%
Number of tranches \| tranche				3
Employee Stock Purchase Plan Awards
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Amortization period (years)				4 months 9 days
Total				$ 1,400	$ 500	$ 400
Unrecognized expense				$ 600				$ 600
Two Thousand Twenty Two Incentive Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issuance of common stock (in shares) \| shares		19,650,371
Percentage of outstanding stock (in percent)		10.00%
Period during which shares reserved for increase may be increased		10 years
Awards remaining for issuance shares (in shares) \| shares				9,967,757				9,967,757
2022 Employee Stock Purchase Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock reserved for issuance (in shares) \| shares		3,930,074
Aggregate share percentage		2.00%
Period over which the aggregate number of shares can increase		10 years
Offering period		27 months
Percentage of fair market value		85.00%
Look-back period		6 months
2022 Employee Stock Purchase Plan \| Class A Common Stock
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issuance of ESPP (in shares) \| shares								1,216,324
2024 Employment Inducement Incentive Award Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Issuance of common stock (in shares) \| shares									6,000,000
Awards remaining for issuance shares (in shares) \| shares				2,569,834				2,569,834
2016 Equity Incentive Plan
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Awards remaining for issuance shares (in shares) \| shares				0				0
2016 Equity Incentive Plan \| Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (years)				4 years
2016 Equity Incentive Plan \| Restricted Stock Units (RSUs) \| Share-Based Payment Arrangement, Tranche Two
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (years)				3 years
2016 Equity Incentive Plan \| Restricted Stock Units (RSUs) \| Share-Based Payment Arrangement, Tranche One
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period (years)				1 year
Vesting percentage (in percent) \| Rate				25.00%

REVENUE RECOGNITION

12 Months Ended

Dec. 31, 2025

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

Revenue Recognition

The Company recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Revenues are generally recognized upon the transfer of control of promised products or services provided to customers, reflecting the amount of consideration the Company expects to receive for those products or services.

The Company’s arrangements with customers may contain multiple obligations. Individual services are accounted for separately if they are distinct — that is, if a customer can benefit from it on its own or with other resources that are readily available to the customer and if the service is separately identifiable from other items in the contract.

The Company derives its revenue primarily from the following performance obligations: (1) hosted services, (2) professional services, (3) monetization, and (4) licensing. Revenues are reported net of applicable sales and use taxes that are passed through to customers. The Company applies significant judgment in identifying and evaluating any terms and conditions in contracts which impact revenue recognition.

The Company has the following performance obligations in contracts with customers:

Hosted Services

Hosted services, along with non-distinct customization, integration, maintenance and support professional services, allow customers to access the Houndify. Amelia Software Platform, and Virtual Assistance applications over the contract period without taking possession of the software.

The Company has determined that the hosted services arrangements are a single performance obligation comprised of a series of distinct services, since each day of providing access to hosted services is substantially the same and the customer simultaneously receives and consumes the benefits as access is provided. These services are provided either on a usage basis (i.e., variable consideration) or on a fixed fee subscription basis. The Company recognizes revenue as each distinct service period is performed.

Hosted services may include implementation services to develop and/or customize the applications to each customer’s specification. Judgment is required to determine whether these professional services are distinct from the hosted services. In making this determination, factors such as the degree of integration, the significance of enhancement to existing functionality, the customers’ ability to start using the software prior to customization, the evaluation as to whether the services extend the economic life of the application, and the availability of these services from other independent vendors are considered.

In instances where the Company concluded that the implementation services are not distinct performance obligations, revenues for these activities are recognized over the period which the hosted services are expected to be provided and is included within hosted services revenue.

All revenues derived as a result of the SYNQ3 Acquisition, and substantial revenues derived as a result of the Amelia Acquisition and Interactions Acquisition are categorized as hosted services revenue.

Professional Services

Revenues from distinct professional services, such as non-integrated development services and other professional services, are either recognized over time based upon the progress towards completion of the project, or at a point in time at project completion. The Company assesses distinct professional services to determine whether the transfer of control is over-time or at a point in time. The Company considers three criteria in making their assessment including (1) the customer simultaneously receives and consumes the benefits; (2) the Company’s performance creates or enhances an asset that the customer controls as the asset is created or enhanced; or (3) the Company’s performance does not create an asset with an alternative use to the entity and the entity has an enforceable right to payment for

performance completed to date. If none of the criteria are met, revenues are determined to be recognized at a point in time.

For distinct professional services determined to be recognized over-time, measuring the stage of completion of a project requires significant judgment and estimates and is based on either input or output measures. During the year ended December 31, 2025, $14.7 million of professional service revenue was recognized over time, with the remaining $0.4 million recognized at a point in time when the performance obligation was fulfilled and control of the service was transferred to the customer. During the year ended December 31, 2024, $9.4 million of professional service revenue was recognized over time, with the remaining $0.1 million recognized at a point in time when the performance obligation was fulfilled and control of the service was transferred to the customer. During the year ended December 31, 2023, $7.4 million of professional service revenue was recognized over time, with the remaining $0.9 million recognized at a point in time when the performance obligation was fulfilled and control of the service was transferred to the customer.

Monetization

Monetization revenues are primarily derived from advertising payments associated with ad impressions placed on the SoundHound music identification application. The amount of revenue is based on actual monetization generated or usage, which represent a variable consideration with constrained estimates. Therefore, the Company recognizes the related revenues at a point in time when advertisements are placed, when commissions are paid or when the SoundHound application is downloaded. The determination of whether revenue should be reported on a gross or net basis is based on an assessment of whether the Company is acting as a principal or an agent in the transaction. The Company has determined that it does not act as the principal in monetization arrangements because it does not control the transfer of the service and it does not set the price. Based on these factors, the Company reports revenue on a net basis.

Licensing

The Company licenses Amelia’s software solutions, Virtual Assistance applications, and other voice solutions that are embedded in customers’ products or services. Licensing revenues are a distinct performance obligation that is recognized when control is transferred to the customer, which is at a point in time for non-customized solutions. For licenses with non-distinct customized solutions, revenues are recognized over time based on the progress towards completion of the customized solution. Revenues generated from licensing are on royalty arrangements with a per unit pricing or on fixed considerations. The Company records licensing revenue relating to usage-based royalty arrangements in the same period in which the underlying usage occurs. Licensing revenue on fixed considerations including fixed fee and a minimum guarantee from royalty arrangements are recognized when the Company grants the customer the right to use and benefit from the license at the start of the licensing period. Licenses may include post-contract support, which is a distinct performance obligation and revenue from post- contract support is recognized ratably over the licensing period.

When a contract has multiple performance obligations, the transaction price is allocated to each performance obligation based on its relative estimated standalone selling price (“SSP”). Judgments are required to determine the SSP for each distinct performance obligation. SSP is determined by maximizing observable inputs from pricing of standalone sales, when possible. Since prices vary from customer to customer based on customer relationship, volume discount and contract type, in instances where the SSP is not directly observable, the Company estimates SSP by considering the following factors:

•Costs of developing and supplying each performance obligation;

•Industry standards;

•Major product groupings; and

•Gross margin objectives and pricing practices, such as contractually stated prices, discounts offered and applicable price lists.

These factors may vary over time, depending upon the unique facts and circumstances related to each deliverable. If the facts and circumstances underlying the factors considered change or should future facts and circumstances lead the Company to consider additional factors, the Company’s best estimate of SSP may also change. When such observable data is not available because there is a limited number of transactions or prices are highly variable, the Company will estimate the standalone selling price using the residual approach.

The Company’s long-term contracts generally do not have significant financing components, as there is normally payment and performance in each year of the contract. The Company has elected the practical expedient to not adjust promised amounts of consideration for the effects of a significant financing component if the Company expects, at contract inception, that the period between when the Company transfers a promised good or service to a customer and when the customer pays for that good or service will be one year or less. If there is a period of one year or longer between the transfer of promised services and payment, it is generally for reasons other than financing, thus, the Company does not adjust the transaction price for financing components. In the limited cases where a significant financing component is present, the Company adjusts the promised consideration for the effects of a significant financing component and to recognize revenue to approximate an amount that reflects the cash selling price that a customer would have paid for the promised goods or services.

For the years ended December 31, 2025, 2024 and 2023, revenue under each performance obligation was as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Hosted services	$	108,255	$	57,246	$	18,364
Licensing	45,146		17,577		18,600
Professional services	15,059		9,488		8,275
Monetization	460		382		634
Total	$	168,920	$	84,693	$	45,873

For the years ended December 31, 2025, 2024 and 2023, the disaggregated revenue by geographic location* was as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
United States	$	108,387	$	46,751	$	6,769
Korea	10,336		12,289		22,962
France	7,307		8,756		4,090
Germany	360		196		5,950
Other	42,530		16,701		6,102
Total	$	168,920	$	84,693	$	45,873

For the years ended December 31, 2025, 2024 and 2023, the disaggregated revenue by recognition pattern was as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Over time revenue	$	125,887	$	67,789	$	25,757
Point-in-time	43,033		16,904		20,116
Total	$	168,920	$	84,693	$	45,873

The Company also disaggregates revenue by service type. This disaggregation consists of Product Royalties, Service Subscriptions and Monetization. Product Royalties revenues are derived from Houndified Products, which are voice-enabled tangible products across the automotive and consumer electronics industries. Revenues from Product Royalties are based on volume, usage, or life of the products, which are driven by number of devices, users, or unit of time. Service Subscription revenues are generated through Houndified Services, Amelia services, and Virtual Assistance applications, which include customer services, food ordering, content, appointments and voice commerce, autonomous business workflows, and IT systems analysis. Subscription revenues are derived from monthly fees based on fixed fees, usage-based revenue, revenue per query or revenue per user. Houndified Products, Houndified Services, Amelia services, and Virtual Assistance applications may include professional services that develop and customize the Houndify platform, Amelia Software Platform, and Virtual Assistance applications to fit customers’ specific needs,

and any post-contract support for on-premise solutions. Revenues from Monetization are generated from the SoundHound music identification app and are primarily attributable to user ad impression revenue.

For the years ended December 31, 2025, 2024 and 2023, the disaggregated revenue by service type was as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Service subscriptions	$	133,547	$	56,347	$	1,940
Product royalties	34,913		27,964		43,299
Monetization	460		382		634
Total	$	168,920	$	84,693	$	45,873

Contract Balances

The Company performs its obligations under a contract with a customer by providing access to software, licensing right to use software, or providing services in exchange for consideration from the customer. The timing of the Company’s performance often differs from the timing of the customer’s payment, which results in the recognition of a receivable, a contract asset or deferred revenue.

As of January 1, 2024, accounts receivable, net of allowances, was $4.1 million, contract assets were $28.3 million and deferred revenue was $9.2 million.

The contract asset and unbilled accounts receivable, net as of December 31, 2025 and December 31, 2024 consists of the following (in thousands):


	Balance Sheet Presentation	December 31, 2025		December 31, 2024
Unbilled account receivables - current	Contract assets and unbilled receivables, net	$	17,728	$	13,441
Contract assets - current	Contract assets and unbilled receivables, net	20,461		13,204
Unbilled account receivables - non-current	Contract assets and unbilled receivables, non-current, net	12,988		922
Contract assets - non-current	Contract assets and unbilled receivables, non-current, net	16,918		11,957

The change in the Company's unbilled accounts receivable and contract assets during the current period was primarily the result of new contracts, customer invoicing, and the performance of the Company's contracts, respectively. The Company has not recorded any specific asset impairment charges related to contract assets during the periods presented in the consolidated financial statements.

Revenues recognized included in the balances of the deferred revenue at the beginning of the reporting period for the years ended December 31, 2025, 2024 and 2023 were $24.1 million, $5.1 million and $7.9 million, respectively.

As of December 31, 2025, the aggregate amount of the transaction price allocated to the remaining performance obligations related to customer contracts that were unsatisfied or partially unsatisfied was $79.5 million. Given the applicable contract terms, $47.8 million is expected to be recognized as revenue within one year, $30.1 million is expected to be recognized between 2 to 5 years and the remainder of $1.6 million is expected to be recognized after 5 years. This amount does not include contracts to which the customer is not committed, contracts for which the Company recognizes revenue equal to the amount the Company has the right to invoice for services performed, or future sales-based or usage-based royalty payments in exchange for access to the Company’s hosted services. This amount is subject to change due to future revaluations of variable consideration, terminations, other contract modifications or currency adjustments. The estimated timing of the recognition of remaining unsatisfied performance

obligations is subject to change and is affected by changes to scope, changes in timing of delivery of products and services, or contract modifications.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-7

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-10

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-15

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-12

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net loss	$ (14,006)	$ (350,681)	$ (88,937)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	34,130	16,054	2,313
Stock-based compensation	80,620	33,145	27,931
Loss on change in fair value of ELOC program	0	0	1,901
Amortization of debt issuance cost	0	1,621	5,400
Non-cash lease amortization	2,906	2,613	3,346
Loss on disposal of property and equipment	42	0	0
Amortization of capitalized commissions	1,627	0	0
Loss on early extinguishment of debt	0	15,629	837
Foreign currency gain/loss from remeasurement	(947)	(24)	143
Change in fair value of contingent acquisition liabilities	(163,127)	222,670	0
Change in fair value of derivative	(4,676)	0	0
Deferred income taxes	1,338	(12,183)	30
Other, net	1,951	(580)	93
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	(1,304)	(10,264)	(627)
Prepaid expenses	0	0	1,590
Other current assets	(2,956)	(3,131)	(821)
Contract assets	(22,420)	(7,304)	(19,578)
Other non-current assets	(4,498)	(196)	671
Accounts payable	1,930	(7,636)	(1,162)
Accrued liabilities	(3,918)	1,846	4,266
Other current liabilities	(2,334)	(642)	0
Operating lease liabilities	(2,742)	(3,214)	(3,657)
Deferred revenue	(4,956)	(6,186)	(4,135)
Other non-current liabilities	5,118	(415)	2,131
Net cash used in operating activities	(98,222)	(108,878)	(68,265)
Cash flows from investing activities:
Purchases of property and equipment	(902)	(640)	(392)
Capitalized software development costs	(4,000)	0	0
Payment related to acquisitions, net of cash acquired	(54,602)	(11,732)	0
Net cash used in investing activities	(59,504)	(12,372)	(392)
Cash flows from financing activities:
Proceeds from the issuance of Series A Preferred Stock, net of issuance costs	0	0	24,942
Proceeds from sales of Class A common stock under the ELOC program, net of issuance costs	0	0	71,615
Proceeds from sales of Class A common stock under the Sales Agreement, Equity Distribution Agreement, Execute Equity Distribution Agreement and Second Equity Distribution Agreement	201,522	407,270	12,412
Proceeds from exercise of stock options and employee stock purchase plan	10,835	29,685	0
Proceeds from warrants exercised	114	23	0
Payment of financing costs associated with the Sales Agreement, Equity Distribution Agreement, Execute Equity Distribution Agreement, and Second Equity Distribution Agreement	(4,030)	(10,357)	0
Proceeds from the issuance of debt, net of issuance costs	0	0	85,087
Proceeds from the issuance of common stock	0	0	9,369
Payments on Term Loan and Amelia Debt	0	(215,373)	(35,029)
Payment to settle contingent holdback liabilities from SYNQ3 acquisitions	(198)	(217)	0
Payments on finance leases	(169)	(125)	(159)
Net cash provided by financing activities	208,074	210,906	168,237
Effects of exchange rate changes on cash	(98)	225	(20)
Net change in cash, cash equivalents, and restricted cash equivalents	50,250	89,881	99,560
Cash, cash equivalents, and restricted cash equivalents, beginning of year	198,916	109,035	9,475
Cash, cash equivalents, and restricted cash equivalents, end of year	249,166	198,916	109,035
Reconciliation to amounts on the consolidated balance sheets:
Cash and cash equivalents	248,490	198,240	95,260
Current portion of restricted cash equivalents	0	0	0
Non-current portion of restricted cash equivalents	676	676	13,775
Total cash, cash equivalents, and restricted cash equivalents shown in the consolidated statements of cash flows	249,166	198,916	109,035
Supplemental disclosures of cash flow information:
Cash paid for interest	26	6,337	11,984
Cash paid for income taxes, net of refunds	4,370	2,717	2,356
Noncash or Part Noncash Acquisitions [Line Items]
Conversion of Series A Preferred Stock to Class A common stock	0	14,187	10,755
Deferred offering costs reclassified to additional paid-in capital	210	220	0
Purchases of property and equipment under accrued liabilities	163	0	0
Operating lease liabilities arising from obtaining right-of-use assets	1,001	1,559	0
Debt discount through issuance of common stock warrants	0	0	4,136
Stock-based compensation included in capitalized software development costs	2,431	0	0
SYNQ3
Noncash or Part Noncash Acquisitions [Line Items]
Fair value of Class A common stock and deferred equity consideration issued to acquire SYNQ3 and Amelia	0	33,606	0
SYNQ3 \| Contingent earnout consideration
Adjustments to reconcile net loss to net cash used in operating activities:
Change in fair value of contingent acquisition liabilities	(6,900)	7,000
Noncash or Part Noncash Acquisitions [Line Items]
Fair value of contingent earnout and holdback consideration under acquisitions	0	67,945	0
SYNQ3 \| Contingent holdback consideration
Noncash or Part Noncash Acquisitions [Line Items]
Fair value of contingent earnout and holdback consideration under acquisitions	0	570	0
Other Acquisition
Noncash or Part Noncash Acquisitions [Line Items]
Fair value of deferred cash consideration under acquisition	0	195	0
Interactions Acquisition
Noncash or Part Noncash Acquisitions [Line Items]
Fair value of deferred cash consideration under acquisition	1,150	0	0
Interactions Acquisition \| Contingent earnout consideration
Noncash or Part Noncash Acquisitions [Line Items]
Fair value of contingent earnout and holdback consideration under acquisitions	9,900	0	0
Settle Commitment Shares Related to the ELOC Program
Noncash or Part Noncash Acquisitions [Line Items]
Issuance of Class A Common Stock to settle commitment shares related to the ELOC program	0	0	915
Settle Obligations Under Amelia Debt
Noncash or Part Noncash Acquisitions [Line Items]
Issuance of Class A Common Stock to settle commitment shares related to the ELOC program	0	11,817	0
Settle Contigent Holdback Consideration Of SYNQ3 Acquisition Member
Noncash or Part Noncash Acquisitions [Line Items]
Issuance of Class A Common Stock to settle commitment shares related to the ELOC program	$ 3,922	$ 189	$ 0

NET LOSS PER SHARE - Schedule of Outstanding Shares of Potentially Dilutive Securities (Details) - shares	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	24,660,465	28,921,011	56,678,251
Stock-based awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	20,336,025	24,918,197	33,484,074
Unvested restricted share awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	551,229	338,859	0
Common stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	3,654,115	3,663,955	6,967,532
Contingently issuable shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	119,096	0	0
Series A Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total (in shares)	0	0	16,226,645

CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT - USD ($) $ in Thousands	Total	Equity Line Of Credit Program	SYNQ3	Amelia Technologies, LLC	Conversion Upon Exercise Of Warrants	Class A Common Stock	Class B Common Stock	Preferred Stock	Preferred Stock Conversion Of Convertible Preferred Stock	Common Stock	Common Stock Class A Common Stock	Common Stock Class A Common Stock Equity Line Of Credit Program	Common Stock Class A Common Stock SYNQ3	Common Stock Class A Common Stock Amelia Technologies, LLC	Common Stock Class A Common Stock Conversion Upon Exercise Of Warrants	Common Stock Class A Common Stock Conversion Of Class B Common Stock	Common Stock Class A Common Stock Conversion Of Convertible Preferred Stock	Common Stock Class B Common Stock	Common Stock Class B Common Stock Conversion Of Class B Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Equity Line Of Credit Program	Additional Paid-in Capital SYNQ3	Additional Paid-in Capital Amelia Technologies, LLC	Additional Paid-in Capital Conversion Upon Exercise Of Warrants	Additional Paid-in Capital Conversion Of Convertible Preferred Stock	Accumulated Other Comprehensive Loss	Accumulated Deficit
Balance at the beginning (in shares) at Dec. 31, 2022								0
Balance at the beginning at Dec. 31, 2022	$ (36,565)							$ 0			$ 16							$ 4		$ 466,857						$ 0	$ (503,442)
Balance at the beginning (in shares) at Dec. 31, 2022											160,297,664							39,735,408
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares (in shares)								835,011				25,000,000
Issuance of shares	24,942	$ 73,766						$ 24,942				$ 4									$ 73,762
ELOC program fee settled in common stock (in shares)											250,000
ELOC program fee settled in common stock	915																			915
Issuance of common stock under the Sales Agreement, net of issuance costs (in shares)											5,805,995
Issuance of common stock under the Sales Agreement, net of issuance costs	$ 12,412										$ 1									12,411
Issuance of restricted shares of common stock, subject to repurchase in connection with acquisition (in shares)											7,678,184
Issuance of Class A common stock for equity incentive awards (in shares)	3,585,829										3,585,829
Issuance of Class A common stock for equity incentive awards	$ 8,506																			8,506
Issuance of Class A common stock upon conversion of Class B common shares and Series A Preferred Stock and the exercise of warrants (in shares)									(360,006)							2,250,000	11,597,654		(2,250,000)
Issuance of Class A common stock upon conversion of Class B common shares and Series A Preferred Stock and the exercise of warrants	0								$ (10,755)								$ 1								$ 10,754
Issuance of common stock warrants	4,136																			4,136
Issuance of ESPP (in shares)											478,023
Issuances of ESPP	863																			863
Stock-based compensation	27,931																			27,931
Net loss	(88,937)																										(88,937)
Other comprehensive income	199																									199
Balance at the ending (in shares) at Dec. 31, 2023								475,005
Balance at the end at Dec. 31, 2023	28,168							$ 14,187			$ 22							$ 4		606,135						199	(592,379)
Balance at the end (in shares) at Dec. 31, 2023											216,943,349							37,485,408
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares (in shares)											85,826,406
Issuance of shares	$ 396,694										$ 9									396,685
Acquisition (in shares)													5,794,187	5,959,050
Acquisitions			$ 9,876	$ 23,920									$ 1	$ 1								$ 9,875	$ 23,919
Issuance of restricted shares of common stock, subject to repurchase in connection with acquisition (in shares)											2,033,156
Issuance of Class A common stock for equity incentive awards (in shares)	9,806,309										17,750,154
Issuance of Class A common stock for equity incentive awards	$ 29,685																			29,685
Issuance of Class A common stock upon conversion of Class B common shares and Series A Preferred Stock and the exercise of warrants (in shares)									(475,005)							4,950,000	16,624,215		(4,950,000)
Issuance of Class A common stock upon conversion of Class B common shares and Series A Preferred Stock and the exercise of warrants	0								$ (14,187)							$ 1	$ 1		$ (1)						$ 14,186
Issuance of Class A common stock in connection with the cashless exercise of warrants (in shares)										2,272,023
Issuance of Class A common stock in connection with the exercise of warrants	23																			23
Issuance of Class A common stock to settle obligations under Amelia Debt (in shares)											2,943,917
Issuance of Class A common stock to settle obligations under Amelia Debt	11,817																			11,817
Stock-based compensation	33,145																			33,145
Net loss	(350,681)																										(350,681)
Other comprehensive income	$ 6																									6
Balance at the ending (in shares) at Dec. 31, 2024	0							0
Balance at the end at Dec. 31, 2024	$ 182,653							$ 0			$ 35							$ 3		1,125,470						205	(943,060)
Balance at the end (in shares) at Dec. 31, 2024						361,096,457	32,535,408				361,096,457							32,535,408
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of shares (in shares)											13,913,014
Issuance of shares	$ 197,282										$ 2									197,280
Acquisition (in shares)													472,501
Acquisitions			$ 3,922																			$ 3,922
Issuance of Class A common stock for equity incentive awards (in shares)	2,036,995										14,578,879
Issuance of Class A common stock for equity incentive awards	$ 10,835																			10,835
Issuance of Class A common stock upon conversion of Class B common shares and Series A Preferred Stock and the exercise of warrants (in shares)															9,840
Issuance of Class A common stock upon conversion of Class B common shares and Series A Preferred Stock and the exercise of warrants					$ 114																			$ 114
Stock-based compensation	83,051																			83,051
Net loss	(14,006)																										(14,006)
Other comprehensive income	$ (65)																									(65)
Balance at the ending (in shares) at Dec. 31, 2025	0							0
Balance at the end at Dec. 31, 2025	$ 463,786							$ 0			$ 37							$ 3		$ 1,420,672						$ 140	$ (957,066)
Balance at the end (in shares) at Dec. 31, 2025						390,070,691	32,535,408				390,070,691							32,535,408

FAIR VALUE MEASUREMENT - Schedule of Fair Value, Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Contingent holdback consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Liability, beginning balance	$ 4,076	$ 0
Change in fair value	(44)	(3,712)
Settlement	(4,120)	(206)
Liability, ending balance	$ 0	$ 4,076	$ 0
Fair value, liability, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration]		Nonoperating Income (Expense)
Equity Line of Credit
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Liability, beginning balance		$ 0	1,075
Change in fair value			1,901
Settlement			(2,976)
Liability, ending balance			$ 0
Fair value, liability, recurring basis, unobservable input reconciliation, gain (loss), statement of income or comprehensive income [Extensible Enumeration]			Nonoperating Income (Expense)

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 248,490	$ 198,240
Accounts receivable, net of allowances of $2,254 and $726 as of December 31, 2025 and 2024, respectively	32,336	23,159
Contract assets and unbilled revenue, net	38,189	26,645
Other current assets	10,114	7,476
Total current assets	329,129	255,520
Restricted cash equivalents, non-current	676	676
Right-of-use assets	3,791	4,692
Property and equipment, net	2,928	1,239
Goodwill	122,277	101,704
Intangible assets, net	181,395	174,943
Deferred tax asset	29	4
Contract assets and unbilled revenue, non-current, net	29,906	12,879
Other non-current assets	18,042	2,296
Total assets	688,173	553,953
Current liabilities:
Accounts payable	10,562	5,559
Accrued liabilities	26,325	26,291
Operating lease liabilities	1,812	1,898
Finance lease liabilities	332	49
Income tax liability	2,662	2,750
Deferred revenue	24,042	23,876
Contingent acquisition liabilities (Note 12)	4,400	0
Other current liabilities	1,604	7,319
Total current liabilities	71,739	67,742
Operating lease liabilities, net of current portion	2,069	2,403
Deferred revenue, net of current portion	8,195	6,862
Contingent acquisition liabilities, net of current portion (Note 12)	129,227	286,898
Income tax liability, net of current portion	2,254	3,075
Deferred tax liability	1,363	0
Other non-current liabilities	9,540	4,320
Total liabilities	224,387	371,300
Commitments and contingencies (Note 8)
Stockholders’ equity (deficit):
Series A Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; 0 and 0 shares issued and outstanding, aggregate liquidation preference of $— and $— as of December 31, 2025 and 2024, respectively	0	0
Additional paid-in capital	1,420,672	1,125,470
Accumulated deficit	(957,066)	(943,060)
Accumulated other comprehensive income	140	205
Total stockholders’ equity	463,786	182,653
Total liabilities and stockholders’ equity	688,173	553,953
Class A Common Stock
Stockholders’ equity (deficit):
Common stock value	37	35
Class B Common Stock
Stockholders’ equity (deficit):
Common stock value	$ 3	$ 3

SEGMENT INFORMATION	12 Months Ended
SEGMENT INFORMATION	Dec. 31, 2025
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company organized its operations into a single reportable segment, managed on a consolidated basis. The Company has determined that the Chief Executive Officer is its chief operating decision maker ("CODM"). The CODM assesses performance for the segment and decides how to allocate resources based on net loss that also is reported on the income statement as consolidated net loss. The CODM compares net loss from budget to actual result to assess segment performance and adjust resource allocations as necessary. The personnel-related costs are the significant segment expenses included in the net loss that are regularly provided to the CODM. Personnel-related costs were $204.4 million, $114.1 million and $73.1 million, respectively, and represented 63.4%, 60.5% and 66.5%, respectively, of total operating expenses during the years ended December 31, 2025, 2024, and 2023.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

INCOME TAXES

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

INCOME TAXES

The following is a geographical breakdown of income (loss) before income taxes (in thousands):


	Year Ended December 31,
	2025		2024		2023
Domestic	$	(15,244)	$	(363,347)	$	(86,724)
Foreign	5,970		3,419		1,701
	$	(9,274)	$	(359,928)	$	(85,023)

The provision (benefit) for income taxes consisted of the following (in thousands):


	Year Ended December 31,
	2025			2024			2023
Current provision:
Federal	$	—		$	—		$	—
State	—			2			3
Foreign	3,394			2,934			3,881
Total current provision	$	3,394		$	2,936		$	3,884
Deferred provision:
Federal	$	—		$	(10,492)		$	—
State	—			(1,701)			—
Foreign	1,338			10			30
Total deferred provision	$	1,338		$	(12,183)		$	30
Total provision (benefit) for income taxes	$	4,732		$	(9,247)		$	3,914
Effective tax rate	(51.0)		%	2.6		%	(4.6)		%

The Company has incurred net pre-tax losses in the United States only for all periods presented. The Company recorded an income tax expense (benefit) of $4.7 million, $(9.2) million, and $3.9 million for the years ended December 31, 2025, 2024, and 2023, respectively. The 2024 tax benefit relates to tax benefits from acquisitions, partially offset by withholding tax paid for sales to customers in foreign jurisdictions and income tax related to foreign subsidiaries. The 2023 and 2025 tax expense relates to withholding tax paid for sales to customers in foreign jurisdictions and income tax related to foreign subsidiaries.


	Year Ended December 31,
	2025				2024				2023
	Total		%		Total		%		Total		%

Tax at the U.S. federal statutory rate	(1,948)		21.0	%	(75,585)		21.0	%	(17,855)		21.0	%
State and local income taxes, net of federal income tax effects	—		—	%	2		—	%	3		—	%
Foreign tax effects:
South Korea
Withholding tax	1,600		(17.3)	%	1,851		(0.5)	%	3,689		(4.3)	%
Other	(4)		—	%	(4)		—	%	(7)		—	%
China
Other	485		(5.2)	%	(84)		—	%	(21)		—	%
Peru
Withholding tax	1,121		(12.1)	%	501		(0.1)	%	—		—	%
Other	(62)		0.7	%	(1)		—	%	—		—	%
Netherlands
Unrealized FX gain/loss	565		(6.1)	%	—		—	%	—		—	%
Other	(308)		3.3	%	(24)		—	%	—		—	%
Other foreign jurisdictions	81		(0.9)	%	(16)		—	%	(108)		0.1	%
Tax credits:
Research & development tax credits	(4,061)		43.8	%	(4,881)		1.4	%	(2,302)		2.7	%
Changes in valuation allowance	43,550		(469.6)	%	39,083		(10.9)	%	18,604		(21.9)	%
Nontaxable or nondeductible items:
Stock based compensation	(12,233)		131.9	%	(15,224)		4.2	%	2,289		(2.7)	%
Sec. 162(m) disallowance	8,461		(91.2)	%	9,457		(2.6)	%	270		(0.3)	%
Change in fair value of contingent acquisition liabilities	(34,257)		369.4	%	46,761		(13.0)	%	—		—	%
Withholding tax deduction	(348)		3.8	%	(441)		0.1	%	(775)		0.9	%
Transaction costs	590		(6.4)	%	1,451		(0.4)	%	(733)		0.9	%
Remeasurement gain/loss	(968)		10.4	%	11		—	%	—		—	%
Other	80		(0.9)	%	159		—	%	799		(0.9)	%
Changes in unrecognized tax benefits	8		(0.1)	%	(7)		—	%	197		(0.2)	%
Other adjustments:
Acquisition	2,158		(23.3)	%	(12,189)		3.4	%	—		—	%
Other deferred adjustments	222		(2.4)	%	(67)		—	%	(136)		0.2	%
Effective tax rate	$	4,732	(51.0)	%	$	(9,247)	2.6	%	$	3,914	(4.6)	%

The components of our deferred tax assets and liabilities were as follows (in thousands):


	Year Ended December 31,
	2025		2024
Deferred tax assets:
Net operating loss carryforwards	$	210,500	$	127,680
Research and development credits	29,476		23,934
Property and equipment	1,955		1,936
Deferred revenue	4,873		5,260
Interest expense	3,485		5,484
Stock-based compensation	3,497		2,704
Operating lease liabilities	958		1,014
Section 174 research and development capitalization	41,922		40,648
Accruals and reserves	2,530		2,780
Other	—		2
Total deferred tax assets	299,196		211,442
Valuation allowance	(260,164)		(170,219)
Total deferred tax assets, net	39,032		41,223
Deferred tax liabilities:

Right-of-use assets	(936)		(1,017)
Intangible assets	(39,430)		(40,202)
Total deferred tax liabilities	(40,366)		(41,219)
Net deferred tax assets	$	(1,334)	$	4

Based on available objective evidence, management believes it is more-likely-than-not that the domestic federal and state deferred tax assets; and excess Canadian SR&ED tax credits will not be fully realized due to the Company’s cumulative losses arising in the United States, and its inability to utilize excess tax credits in Canada. Accordingly, the Company has recorded a valuation allowance on deferred tax assets in excess of deferred tax liabilities against its federal and state deferred tax assets and excess Canadian SR&ED tax credits as of December 31, 2025 and 2024. The valuation allowance increased by $90.0 million from the year ended December 31, 2024 to December 31, 2025.

The Company has not provided U.S. income or foreign withholding taxes on the undistributed earnings of its foreign subsidiaries as of December 31, 2025 because it intends to indefinitely reinvest such earnings outside of the U.S. If these foreign earnings were to be repatriated in the future, the related U.S. tax liability will not be material.

As of December 31, 2025, the Company had net operating loss carryforwards of $892.9 million of U.S. federal and $379.7 million of state net operating loss carryforwards available to reduce future taxable income. The federal and state net operating loss carryforwards will start to expire in 2026 with the exception of $691.0 million federal net operating loss carryforwards and $18.5 million state net operating loss carryforwards, which can be carried forward indefinitely.

The Company had federal and state research and development credit carryforwards of $27.2 million and $15.4 million, respectively, as of December 31, 2025. The federal credits will expire starting in 2029 if not utilized. The state credits can be carried forward indefinitely. The Company also had Canadian SR&ED tax credits of $1.9 million, which will expire starting in 2039 if not utilized.

Under Sections 382 and 383 of the Internal Revenue Code of 1986 and similar state tax laws, utilization of net operating loss carryforwards and tax credits may be subject to annual limitations due to certain ownership changes. The Company’s net operating loss carryforwards and tax credits could expire before utilization if subject to annual limitations.

The Company files U.S. federal income tax returns as well as income tax returns in many U.S. states and foreign jurisdictions. As of December 31, 2025, the tax years 2005 through the current period remain open to examination by the major jurisdictions in which the Company is subject to tax. Fiscal years outside the normal statute of limitation remain open to audit by tax authorities due to tax attributes generated in those early years, which have been carried forward and may be audited in subsequent years when utilized.

Changes in gross unrecognized tax benefits during the periods presented were as follows (in thousands):


Balance as of December 31, 2022	$	6,130
Increase for tax positions of prior years	370
Increase for tax positions of current year	1,095
Balance as of December 31, 2023	$	7,595
Increase for tax positions of prior years	877
Decrease for tax positions of prior years	(4)
Increase for tax positions of current year	2,784
Balance as of December 31, 2024	$	11,252
Increase for tax positions of prior years	408
Decrease for tax positions of prior years	(708)
Increase for tax positions of current year	2,402
Balance as of December 31, 2025	$	13,354

$0.6 million of the unrecognized tax benefits, if recognized, would affect the effective tax rate. $12.8 million of the unrecognized tax benefits, if recognized, would not affect the effective tax rate and would be offset by the reversal of related deferred tax assets which are subject to a full valuation allowance. As of December 31, 2025, the Company has accrued $0.1 million interest and penalties related to unrecognized tax benefits.

On July 4, 2025, the One Big Beautiful Bill Act (“OBBBA”) was enacted in the United States. Included in this legislation are provisions that allow for the immediate expensing of domestic United States research and development expenses and acceleration of tax deductions for qualified capital expenditures acquired and placed into service after January 19, 2025, and other changes to the U.S. taxation of profits derived from foreign operations. The legislation has multiple effective dates, with various effective dates between 2025 and 2027. The Company evaluated the OBBBA and included its impact within our consolidated financial statements. The Company will continue to assess the full impact of these legislative changes as additional guidance becomes available.

The amount of cash paid for income taxes, net of refunds, is as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
U.S. federal	$	—	$	—	$	—
State and local	—		15		3
Total U.S.	$	—	$	15	$	3

Foreign
South Korea	$	2,262	$	1,628	$	1,694
Peru	712		523		—
Netherlands	687		—		—
Germany	*		*		404
India	*		332		—
France	*		*		226
Japan	—		140		*
Other	709		79		29
Total foreign	$	4,370	$	2,702	$	2,353

Total income taxes paid, net of refunds	$	4,370	$	2,717	$	2,356

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
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-URI https://asc.fasb.org/1943274/2147477617/942-740-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
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-Section S50
-Paragraph 1
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/exampleRef
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-Section 55
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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Reference 12: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/740/tableOfContent

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
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-Subparagraph (b)
-Publisher FASB
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

RESTRUCTURING	12 Months Ended
RESTRUCTURING	Dec. 31, 2025
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING In January 2023, the Company announced a restructuring plan (the “Restructuring Plan”) intended to reduce operating costs, improve operating margins, improve cash flows and accelerate the Company’s path to profitability. The Restructuring Plan included a reduction of the Company’s then-current workforce by approximately 40% or 180 positions globally. Costs associated with the Restructuring Plan consist of employee severance payments, employee benefits and share-based compensation. The costs associated with the Restructuring Plan were recorded to the restructuring expense line item within our consolidated statements of operations as incurred. During the year ended December 31, 2023, we recorded $4.6 million of restructuring expenses in connection with the Restructuring Plan, of which $1.4 million were cash payments. The Restructuring Plan was substantially complete as of December 31, 2023.

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Dec. 31, 2025
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS On January 24, 2025, the Company entered into an Equity Distribution Agreement with Guggenheim Securities, LLC and other Sales Managers with respect to an at-the-market equity program. Under this program, the Company may offer and sell up to $250.0 million of shares of its Class A Common Stock from time to time through the Sales Managers. Refer to Note 14 to the consolidated financial statements for more information. The brother of one of our Board of Directors is a Senior Advisor to Guggenheim Securities, LLC and a member of the Guggenheim Securities investment banking team. Our board member did not participate in the Company’s decision to engage Guggenheim Securities, LLC to sell the Company's Class A Common Stock under at-the-market equity program and disclosed the fact that his brother would be involved in the services to be provided by Guggenheim Securities, LLC to the Company in advance of the determination by the Company to engage Guggenheim Securities, LLC. During the year ended December 31, 2025, the Company paid commissions of $0.4 million to Guggenheim Securities, LLC for the Class A Common Stock sold through it as a Sales Manager.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
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-Name Accounting Standards Codification
-Section S99
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Publisher FASB
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Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
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-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

INCOME TAXES - Schedule of Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Tax at the U.S. federal statutory rate	$ (1,948)	$ (75,585)	$ (17,855)
State and local income taxes, net of federal income tax effects	0	2	3
Withholding tax	(348)	(441)	(775)
Other	222	(67)	(136)
Tax credits:
Research & development tax credits	(4,061)	(4,881)	(2,302)
Changes in valuation allowance	43,550	39,083	18,604
Nontaxable or nondeductible items:
Stock based compensation	(12,233)	(15,224)	2,289
Sec. 162(m) disallowance	8,461	9,457	270
Change in fair value of contingent acquisition liabilities	(34,257)	46,761	0
Transaction costs	590	1,451	(733)
Remeasurement gain/loss	(968)	11	0
Other	80	159	799
Changes in unrecognized tax benefits	8	(7)	197
Other adjustments:
Acquisition	2,158	(12,189)	0
Provision (benefit) for income taxes	$ 4,732	$ (9,247)	$ 3,914
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Tax at the U.S. federal statutory rate	21.00%	21.00%	21.00%
State and local income taxes, net of federal income tax effects	0.00%	0.00%	0.00%
Withholding tax	3.80%	0.10%	0.90%
Other	(2.40%)	0.00%	0.20%
Tax credits:
Research & development tax credits	43.80%	1.40%	2.70%
Changes in valuation allowance	(469.60%)	(10.90%)	(21.90%)
Nontaxable or nondeductible items:
Stock based compensation	131.90%	4.20%	(2.70%)
Sec. 162(m) disallowance	(0.912)	(0.026)	(0.003)
Change in fair value of contingent acquisition liabilities	3.694	(0.130)	0
Transaction costs	(0.064)	(0.004)	0.009
Remeasurement gain/loss	0.104	0	0
Other	(0.90%)	0.00%	(0.90%)
Changes in unrecognized tax benefits	(0.10%)	0.00%	(0.20%)
Other adjustments:
Acquisition	(0.233)	0.034	0
Effective tax rate	(51.00%)	2.60%	(4.60%)
South Korea
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Withholding tax	$ 1,600	$ 1,851	$ 3,689
Other	$ (4)	$ (4)	$ (7)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Withholding tax	(17.30%)	(0.50%)	(4.30%)
Other	0.00%	0.00%	0.00%
China
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Other	$ 485	$ (84)	$ (21)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Other	(5.20%)	0.00%	0.00%
Peru
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Withholding tax	$ 1,121	$ 501	$ 0
Other	$ (62)	$ (1)	$ 0
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Withholding tax	(12.10%)	(0.10%)	0.00%
Other	0.70%	0.00%	0.00%
Netherlands
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Withholding tax	$ 565	$ 0	$ 0
Other	$ (308)	$ (24)	$ 0
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Withholding tax	(6.10%)	0.00%	0.00%
Other	3.30%	0.00%	0.00%
Other
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Withholding tax	$ 81	$ (16)	$ (108)
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Withholding tax	(0.90%)		0.10%

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenues	$ 168,920	$ 84,693	$ 45,873
Operating expenses:
Cost of revenues	97,369	43,309	11,307
Sales and marketing	61,640	29,126	18,893
Research and development	98,250	70,555	51,439
General and administrative	82,188	53,270	28,285
Change in fair value of contingent acquisition liabilities	(163,127)	222,670	0
Amortization of intangible assets	15,872	7,116	0
Restructuring	0	0	4,557
Total operating expenses	192,192	426,046	114,481
Loss from operations	(23,272)	(341,353)	(68,608)
Other income (expense), net:
Loss on early extinguishment of debt	0	(15,629)	(837)
Interest expense	(670)	(12,168)	(16,733)
Other income, net	14,668	9,222	1,155
Total other income (expense), net	13,998	(18,575)	(16,415)
Loss before provision (benefit) for income taxes	(9,274)	(359,928)	(85,023)
Provision (benefit) for income taxes	4,732	(9,247)	3,914
Net loss	(14,006)	(350,681)	(88,937)
Cumulative dividends attributable to Series A Preferred Stock	0	(416)	(2,774)
Net loss attributable to SoundHound common stockholders	(14,006)	(351,097)	(91,711)
Other comprehensive loss:
Unrealized gains on investments	(65)	6	199
Comprehensive loss	$ (14,071)	$ (350,675)	$ (88,738)
Net loss per share:
Basic (in dollars per share)	$ (0.03)	$ (1.04)	$ (0.40)
Diluted (in dollars per share)	$ (0.28)	$ (1.04)	$ (0.40)
Weighted-average common shares outstanding:
Basic (in shares)	405,421,412	338,462,574	229,264,904
Diluted (in shares)	409,456,342	338,462,574	229,264,904

FAIR VALUE MEASUREMENT - Schedule of Earnout Liability (Details) - Contingent earnout consideration $ in Thousands	12 Months Ended
	Dec. 31, 2025 USD ($) shares yr Year	Dec. 31, 2024 USD ($) yr	Sep. 03, 2025 Year	Aug. 06, 2024 yr	Jan. 03, 2024 yr	Dec. 31, 2023 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liability, initial fair value \| $	$ 133,627	$ 286,898				$ 0
SYNQ3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition \| $		1,676
Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition \| $		$ 66,269
Interactions Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Acquisition \| $	$ 9,900
Discount rate \| SYNQ3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.131	0.129			0.126
Discount rate \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.085	0.095		0.080
Discount rate \| Interactions Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.080		0.080
Expected stock price volatility \| SYNQ3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	1.150	1.300			1.153
Expected stock price volatility \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.980	0.680		0.730
Risk-free interest rate \| SYNQ3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.035	0.042			0.042
Risk-free interest rate \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.036	0.042		0.040
Risk-free interest rate \| Interactions Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.034		0.035
Expected dividend yield
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs \| shares	0
Expected dividend yield \| SYNQ3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.000	0.000			0.000
Expected dividend yield \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0	0		0
Expected life \| SYNQ3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	1
Expected life \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	1
Expected life \| Minimum \| SYNQ3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs		0.50			0.5
Expected life \| Minimum \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs		1.0		1.4
Expected life \| Minimum \| Interactions Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs \| Year	1.0		1.3
Expected life \| Maximum \| SYNQ3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs		1.5			2.5
Expected life \| Maximum \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs		2		2.4
Expected life \| Maximum \| Interactions Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs \| Year	2		2.3
Earnout payment discount rate \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.034	0.042		0.038
Earnout payment discount rate \| Interactions Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.062		0.068
Expected metric volatility \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.150	0.120		0.110
Expected metric volatility \| Interactions Acquisition
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.200		0.150
Risk-free interest rate for stock price \| Amelia
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value measurement inputs	0.035	0.042		0.038

STOCK INCENTIVE PLANS - Schedule of Operations and Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	$ 80,620	$ 33,145	$ 27,931
Cost of revenues
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	8,899	458	412
Sales and marketing
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	15,990	4,818	3,601
Research and development
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	35,270	16,203	11,992
General and administrative
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	22,892	11,666	8,784
Restructuring costs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	0	0	3,142
Less: Capitalized software development costs
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Total	$ (2,431)	$ 0	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Basis of Presentation and Significant Accounting Policies

Principles of Consolidation

Foreign Currency

Use of Estimates

Accounts Receivable, Net

Property and Equipment, Net

The estimated useful lives of the Company’s property and equipment are as follows:


Computer equipment			3 – 4 years
Software			3 years
Furniture and fixtures			5 years
Leasehold improvements			Lesser of useful life or the term of the lease

Maintenance and repairs that do not extend the life or improve the asset are expensed as incurred.

Capitalized Software Development Costs

Impairment of Long-Lived Assets

Leases

Cash and Cash Equivalents

Restricted Cash

Segment Information

Concentrations of Credit Risk and Other Risks and Uncertainties

Common Stock Offerings

Equity Issuance Costs

Revenue Recognition

(i)Identification of the contract(s) with a customer;

(ii)Identification of the performance obligations in the contract;

(iii)Determination of the transaction price, including the constraint on variable consideration;

(iv)Allocation of the transaction price to the performance obligations in the contract; and

(v)Recognition of revenue when, or as, performance obligations are satisfied.

Research and Development

Advertising Expenses

Warrants, Restricted Stock Units, and Preferred Stock

Warrants

Restricted Stock Units

Stock-based compensation related to Performance-Based RSUs is recognized to the extent it is determined that performance is probable of being achieved.

Preferred Stock

The Company assesses its preferred stock instruments at issuance and each reporting period for classification and derivative features requiring bifurcation.

Income Taxes

Stock-Based Compensation

Expected Dividend Yield — The Company has not declared or paid dividends to date and does not anticipate declaring dividends. As such, expected dividend yield is zero.

Fair Value Measurements

•Level 1 — Inputs are unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date.

Net Loss Per Share

Business Combinations and Contingent Consideration

Goodwill

Intangible Assets with Definite Lives

Recent Accounting Pronouncement — Adopted

Recent Accounting Pronouncements — Adopted

Recent Accounting Pronouncements — Not Yet Adopted

FAIR VALUE MEASUREMENT - Schedule of Financial Instruments Measured at Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent holdback consideration	$ 4,400	$ 0
Contingent earnout consideration	129,227	286,898
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative	0
Total assets	61,254	169,837
Total liabilities	$ 0	0
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current assets
Level 1 \| Contingent earnout consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent holdback consideration	$ 0
Contingent earnout consideration	0	0
Level 1 \| Contingent holdback consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent holdback consideration		0
Level 1 \| Treasury bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	39,920	38,070
Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	21,334	131,767
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative	0
Total assets	0	0
Total liabilities	$ 0	0
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current assets
Level 2 \| Contingent earnout consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent holdback consideration	$ 0
Contingent earnout consideration	0	0
Level 2 \| Contingent holdback consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent holdback consideration		0
Level 2 \| Treasury bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Level 2 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative	4,786
Total assets	0	0
Total liabilities	$ 133,627	290,974
Derivative Asset, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current assets
Level 3 \| Contingent earnout consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent holdback consideration	$ 4,400
Contingent earnout consideration	129,227	286,898
Level 3 \| Contingent holdback consideration
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent holdback consideration		4,076
Level 3 \| Treasury bills
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Level 3 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	$ 0	$ 0

REVENUE RECOGNITION (Details) - Schedule of Revenue Recognition Pattern (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 168,920	$ 84,693	$ 45,873
Over time revenue
Disaggregation of Revenue [Line Items]
Revenues	125,887	67,789	25,757
Point-in-time
Disaggregation of Revenue [Line Items]
Revenues	$ 43,033	$ 16,904	$ 20,116

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

WARRANTS (Details) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended		12 Months Ended
	Apr. 14, 2023	Apr. 26, 2022	Dec. 31, 2024	Mar. 31, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Class of Warrant or Right [Line Items]
Proceeds from warrants exercised					$ 114	$ 23	$ 0
Warrants or rights exercised (in shares)							0
Term Loan Warrants
Class of Warrant or Right [Line Items]
Warrants exercised (in shares)	3,301,536
Exercise price per share (in dollars per share)	$ 2.59
Anniversary term (in years)	10 years
Warrant fair value	$ 4,100				4,100
Warrants issued and outstanding (in shares)			0			0
Public Warrants
Class of Warrant or Right [Line Items]
Proceeds from warrants exercised					$ 100
Private Warrants
Class of Warrant or Right [Line Items]
Warrants issued and outstanding (in shares)			3,663,955		3,654,115	3,663,955
Proceeds from warrants exercised						$ 100
ATSP \| Public Warrants
Class of Warrant or Right [Line Items]
Exercise price per share (in dollars per share)		$ 11.50
ATSP \| Public Warrants \| Share Price Equal or Exceeds Eighteen Dollars
Class of Warrant or Right [Line Items]
Redemption price (in dollars per share)		$ 0.01
Redemption notice period		30 days
Warrant trigger price (in dollars per share)		18.00
ATSP \| Public Warrants \| Share Price Equal or Exceeds Eighteen Dollars \| Minimum
Class of Warrant or Right [Line Items]
Number of consecutive trading days for determining share price		20 days
ATSP \| Public Warrants \| Share Price Equal or Exceeds Eighteen Dollars \| Maximum
Class of Warrant or Right [Line Items]
Number of consecutive trading days for determining share price		30 days
Class A Common Stock
Class of Warrant or Right [Line Items]
Common stock issued upon conversion of shares (in shares)			2,041	2,269,982	9,840	16,624,215

LEASES - Schedule of Additional Information Related to the Company’s Lease (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease cost	$ 2,703	$ 2,628	$ 3,177
Short-term lease cost	957	972	1,298
Amortization of finance leased assets	149	134	161
Interest on lease liabilities	$ 29	$ 11	$ 23

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Jan. 24, 2025	Dec. 31, 2024	Jul. 28, 2023
Controlled Equity Offering Sales Agreement \| Class A Common Stock
Related Party Transaction [Line Items]
Payments for commissions			$ 133.8	$ 150.0
Second Equity Distribution Agreement
Related Party Transaction [Line Items]
Payments for commissions	$ 48.5
Second Equity Distribution Agreement \| Class A Common Stock
Related Party Transaction [Line Items]
Payments for commissions		$ 250.0
Guggenheim Securities, LLC \| Related Party \| Controlled Equity Offering Sales Agreement
Related Party Transaction [Line Items]
Stock authorized to be offered and sold	$ 0.4

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(k)(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 310
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481990/310-10-45-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

+ Details

INCOME TAXES - Schedule of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Unrecognized Tax Benefits [Roll Forward]
Beginning balance	$ 11,252	$ 7,595	$ 6,130
Increase for tax positions of prior years	408	877	370
Increase for tax positions of current year	2,402	2,784	1,095
Decrease for tax positions of prior years	(708)	(4)
Ending balance	$ 13,354	$ 11,252	$ 7,595

COMMON STOCK	12 Months Ended
COMMON STOCK	Dec. 31, 2025
Equity [Abstract]
COMMON STOCK	COMMON STOCK At the 2025 Annual Meeting of Stockholders held on May 23, 2025, the Company’s stockholders approved to increase the number of authorized shares of Class A Common Stock from 455,000,000 to 755,000,000. As of December 31, 2025, the Company is authorized to issue 800,000,000 shares of capital stock, consisting of (a) 755,000,000 shares of Class A Common Stock with a par value of $0.0001 per share, (b) 44,000,000 shares of Class B Common Stock with a par value of $0.0001 per share, and (c) 1,000,000 shares of preferred stock with a par value of $0.0001 per share. The outstanding shares of the Company’s common stock are fully paid and non-assessable. On all matters to be voted upon, subject to the rights of any holders of any series of preferred stock, holders of shares of Class A Common Stock and Class B Common Stock will vote together as a single class on all matters submitted to the stockholders for their vote or approval. Holders of Class A and B Common Stock are entitled to one vote and ten votes per share respectively on all matters submitted to the stockholders for their vote or approval. Each share of Class B Common Stock shall convert into one fully paid and nonassessable share of Class A Common Stock upon mandatory or optional conversion. Shares of Class B Common Stock will be automatically converted into shares of Class A Common Stock upon the occurrence of certain future events, generally including transfers, subject to limited exceptions set forth in the amended charter. The conversion of Class B Common Stock to Class A Common Stock will have the effect, over time, of increasing the relative voting power of those holders of Class B Common Stock who retain their shares in the long term. As a result, it is possible that one or more of the persons or entities holding our Class B Common Stock could gain significant voting control as other holders of Class B Common Stock sell or otherwise convert their shares into Class A Common Stock. During the year ended December 31, 2024, certain holders of Class B Common Stock optionally converted 4,950,000 shares of Class B Common Stock into the same number of shares of Class A Common Stock. There was no conversion of Class B Common Stock during the year ended December 31, 2025. Equity Line of Credit ("ELOC") On August 16, 2022, the Company entered into a common stock purchase agreement (“Common Stock Purchase Agreement”) and related registration rights agreement (the “CFPI Registration Rights Agreement”) with CF Principal Investments LLC (the “Counterparty”). Pursuant to the Common Stock Purchase Agreement, the Company had the right, but not the obligation, to direct the Counterparty to purchase up to 25,000,000 shares of Class A Common Stock, subject to certain limitations and conditions (the "ELOC Program") at a purchase price equal to 97% of the volume weighted average stock price for a given purchase date. In connection with the execution of the Common Stock Purchase Agreement and the side letter on February 14, 2023, the Company issued 250,000 shares of Common Stock (the “Initial Commitment Shares”) and additional cash commitment fee of $0.3 million. The Company recorded Common Stock Purchase Agreement as a derivative liability with an initial fair value of $1.1 million based on the upfront commitment fee in the form of proceeds from future issuance of commitment shares to the Counterparty plus certain fees and expenses as specified in the Purchase Agreement. The Company recorded losses on changes in the fair value of the derivative liability associated with the ELOC Program of $1.9 million for the year ended December 31, 2023 as other income, net on its consolidated statements of operations and comprehensive loss. The Company incurred third-party costs of $0.2 million related to the execution of the Common Stock Purchase Agreement which were recorded as general and administrative expenses in the consolidated statements of operations and comprehensive loss for the year ended December 31, 2023. During the year ended December 31, 2023, the Company sold the entirety of the 25,000,000 shares for aggregate proceeds of approximately $71.7 million, with the volume weighted average stock price of shares purchased by the Counterparty ranging from $1.75 to $4.26 per share. Sales Agreement On July 28, 2023, the Company entered into a Controlled Equity Offering Sales Agreement (the “Sales Agreement”) with Cantor Fitzgerald & Co., H.C. Wainwright & Co., LLC, and D.A. Davidson & Co. (each a “Sales Agent” and collectively, the “Sales Agents”), pursuant to which the Company may offer and sell up to $150.0 million of shares of our Class A Common Stock from time to time through or to the Sales Agents acting as agent or principal. Sales of our Class A Common Stock under the Sales Agreement were made at market prices by any method that is deemed to be an “at the market offering” as defined in Rule 415 under the Securities Act. The Sales Agents were entitled to aggregate compensation at a fixed commission rate of 2.5% of the gross sales price per share sold under the Sales Agreement. We also agreed to reimburse the Sales Agents for certain specified expenses, including the reasonable and documented fees and disbursements of its legal counsel in an amount of $0.1 million in the aggregate in connection with the execution of the Sales Agreement. As of December 31, 2024, the Company sold 37,907,219 shares of our Class A common stock under the Sales Agreement, at a weighted-average price of $3.62 per share and raised $137.3 million of gross proceeds, which resulted in complete utilization of the Sales Agreement. After deducting approximately $3.4 million of commissions and offering costs incurred by the Company, the net proceeds from sales of Class A common stock was $133.8 million. As of December 31, 2024, the Company had no remaining capacity to sell the Company's Class A common stock under the Sales Agreement. Equity Distribution Agreement On April 9, 2024, the Company entered into an Equity Distribution Agreement (the “Equity Distribution Agreement”) with Citigroup Global Markets Inc., Barclays Capital Inc., Wedbush Securities Inc., Northland Securities, Inc. and Ladenburg Thalmann & Co. Inc. (the “Managers”) with respect to an at-the-market equity program. Under this program, the Company was able to offer and sell up to $150.0 million of shares of its Class A Common Stock from time to time through the Managers. Sales of Class A Common Stock under the Equity Distribution Agreement will be made at market prices by any method that is deemed to be an “at the market offering” as defined in Rule 415 under the Securities Act. The Managers were entitled to commission at a fixed rate of 2.5% of the gross sales price per share for their services in acting as agent in the sale of the Company's Class A Common Stock. During the year ended December 31, 2024, the Company sold a total of 31,694,198 shares of our Class A common stock under the Equity Distribution Agreement, at a weighted-average price of $4.73 per share and raised $150.0 million of gross proceeds. After deducting approximately $3.7 million of commissions and offering costs incurred by the Company, the net proceeds from sales of Class A common stock was $146.2 million during the year ended December 31, 2024. As of December 31, 2024, the Company had no remaining capacity to sell the Company's Class A common stock under the Equity Distribution Agreement. Execute Equity Distribution Agreement On November 12, 2024, the Company entered into an Execute Equity Distribution Agreement (the “Execute Equity Distribution Agreement”) with Barclays Capital Inc., Piper Sandler & Co., D.A. Davidson & Co., H.C. Wainwright & Co., LLC, and Joseph Gunnar & Co., LLC, (each, an “Agent,” and, collectively, the “Agents”) with respect to an at-the-market equity program. Under this program, the Company was able to offer and sell up to $120.0 million of shares of its Class A Common Stock from time to time through the Agents. Sales of Class A Common Stock under the Execute Equity Distribution Agreement were made at market prices by any method that is deemed to be an “at the market offering” as defined in Rule 415 under the Securities Act. The Agents were entitled to commission at a fixed rate of 2.5% of the gross sales price per share for their services in acting as agent in the sale of the Company's Class A Common Stock. During the year ended December 31, 2024, the Company sold a total of 16,224,989 shares of our Class A common stock under the Execute Equity Distribution Agreement, at a weighted-average price of $7.40 per share and raised $120.0 million of gross proceeds. After deducting approximately $3.0 million of commissions and offering costs incurred by the Company, the net proceeds from sales of Class A common stock was $117.0 million during the year ended December 31, 2024. As of December 31, 2024, the Company had no remaining capacity to sell the Company's Class A common stock under the Execute Equity Distribution Agreement. Second Equity Distribution Agreement On January 24, 2025, the Company entered into the Second Equity Distribution Agreement with Cantor Fitzgerald & Co., Guggenheim Securities, LLC, Oppenheimer & Co. Inc., Wedbush Securities Inc., Ladenburg Thalmann & Co. Inc. and Northland Securities, Inc. (each, an “Sales Manager,” and, collectively, the “Sales Managers”) with respect to an at-the-market equity program. Under this program, the Company may offer and sell up to $250.0 million of shares of its Class A Common Stock from time to time through the Sales Managers. Sales of our Class A Common Stock, if any, under the Second Equity Distribution Agreement will be made at market prices by any method that is deemed to be an “at the market offering” as defined in Rule 415 under the Securities Act. The Sales Managers will be entitled to commission at a fixed rate of 2.0% of the gross sales price per share for their services in acting as agent in the sale of the Company's Class A Common Stock. During the year ended December 31, 2025, the Company sold 13,913,014 shares of its common stock under the Second Equity Distribution Agreement, at an average price of $14.48 per share and raised $201.5 million of gross proceeds, respectively. The commissions and offering costs borne by us were approximately $4.0 million. As of December 31, 2025, the Company had a remaining capacity to sell up to an additional $48.5 million of its common stock under the Second Equity Distribution Agreement.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-13

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 505
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
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+ Details