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SoundHound AI (SoundHound AI) Retained Earnings : $-625.39 Mil (As of Mar. 2024)


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What is SoundHound AI Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. SoundHound AI's retained earnings for the quarter that ended in Mar. 2024 was $-625.39 Mil.

SoundHound AI's quarterly retained earnings declined from Sep. 2023 ($-574.38 Mil) to Dec. 2023 ($-592.38 Mil) and declined from Dec. 2023 ($-592.38 Mil) to Mar. 2024 ($-625.39 Mil).

SoundHound AI's annual retained earnings declined from Dec. 2021 ($-386.73 Mil) to Dec. 2022 ($-503.44 Mil) and declined from Dec. 2022 ($-503.44 Mil) to Dec. 2023 ($-592.38 Mil).


SoundHound AI Retained Earnings Historical Data

The historical data trend for SoundHound AI's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SoundHound AI Retained Earnings Chart

SoundHound AI Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Retained Earnings
-307.19 -386.73 -503.44 -592.38

SoundHound AI Quarterly Data
Dec20 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -528.47 -550.40 -574.38 -592.38 -625.39

SoundHound AI Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


SoundHound AI  (NAS:SOUN) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


SoundHound AI (SoundHound AI) Business Description

Traded in Other Exchanges
N/A
Address
5400 Betsy Ross Drive, Santa Clara, CA, USA, 95054
SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.
Executives
Timothy Stonehocker officer: Chief Technology Officer 5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Michael Zagorsek officer: Chief Operating Officer 5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Lawrence Marcus director 2105 WOODSIDE RD., WOODSIDE CA 94062
Nitesh Sharan officer: Chief Financial Officer 5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Keyvan Mohajer director, 10 percent owner, officer: CEO 5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Majid Emami 10 percent owner, officer: VP, Engineering 5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
James Ming Hom director, officer: VP, Products 5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Diana Sroka director 5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Eric R. Ball director C/O GLU MOBILE INC., 45 FREMONT STREET, SUITE 2800, SAN FRANCISCO CA 94105
Global Catalyst Partners Iii L P 10 percent owner 6239 MOJAVE DRIVE, SAN JOSE CA 95120
Zubin Irani officer: Chief Revenue Officer 5400 BETSY ROSS DRIVE, SANTA CLARA CA 95054
Global Catalyst Venture Management Iii, Llc 10 percent owner 6239 MOJAVE DRIVE, SAN JOSE CA 95120
Stephen N Cannon director, 10 percent owner, officer: Chief Executive Officer 13/F TOWER 2, NEW WORLD TOWER, 18 QUEENS ROAD CENTRAL, HONG KONG K3 K3 00000
Bryant B Edwards director 25/28 OLD BURLINGTON STREET, LONDON X0 W1S 3AN
Daniel L Sheehan officer: Chief Operating Officer 38 KEYES AVENUE SUITE 204, SAN FRANCISCO CA 94129