SSTI · Soundthinking, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.18M | - | $25.10M | $25.89M | $28.35M | - | $26.25M | $26.96M | $25.41M | - |
| Cost of Revenue | $12.92M | - | $11.47M | $12.09M | $11.76M | - | $11.03M | $10.89M | $10.52M | - |
| Gross Profit | $11.26M | - | $13.63M | $13.79M | $16.59M | - | $15.22M | $16.07M | $14.89M | - |
| R&D | $4.41M | - | $4.10M | $3.75M | $4.07M | - | $3.41M | $3.47M | $3.56M | - |
| SG&A | $6.68M | - | $5.80M | $6.47M | $6.47M | - | $5.67M | $5.88M | $6.83M | - |
| Total Operating Expenses | $18.12M | - | $15.69M | $16.74M | $17.80M | - | $16.26M | $16.12M | $17.50M | - |
| D&A | $1.45M | - | - | - | $1.50M | - | - | - | $1.57M | - |
| Operating Income | ($6.86M) | - | ($2.06M) | ($2.94M) | ($1.20M) | - | ($1.05M) | ($43.0K) | ($2.62M) | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $29.0K | - | ($158.0K) | $86.0K | $100.0K | - | $319.0K | $234.0K | $114.0K | - |
| Net Income | ($7.00M) | - | ($2.04M) | ($3.12M) | ($1.48M) | - | ($1.44M) | ($752.0K) | ($2.91M) | - |
| EPS - Basic | ($0.54) | - | ($0.16) | ($0.24) | ($0.12) | - | ($0.11) | ($0.06) | ($0.23) | - |
| EPS - Diluted | ($0.54) | - | ($0.16) | ($0.24) | ($0.12) | - | ($0.11) | ($0.06) | ($0.23) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.24M | $15.80M | $11.83M | $8.95M | $11.66M | $13.18M | $15.26M | $9.79M | $8.52M | $5.70M |
| Accounts Receivable | $17.92M | $23.46M | $24.39M | $27.71M | $26.49M | $19.64M | $18.52M | $31.35M | $25.96M | $24.57M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $3.66M | $3.79M | $2.86M | $3.35M | $3.71M | $3.44M | $2.69M | $2.45M | $2.26M | $3.03M |
| Current Assets | $40.23M | $48.59M | $46.10M | $44.51M | $44.92M | $43.53M | $46.37M | $49.04M | $47.23M | $40.30M |
| Total Assets | $125.72M | $135.75M | $134.43M | $134.78M | $136.31M | $136.79M | $141.73M | $145.88M | $144.97M | $138.71M |
| Current Liabilities | $52.56M | $57.40M | $54.01M | $52.98M | $54.66M | $56.06M | $59.60M | $60.87M | $61.18M | $59.82M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $58.12M | $63.58M | $60.88M | $60.26M | $62.47M | $64.39M | $68.41M | $70.27M | $70.21M | $63.95M |
| Stockholders' Equity | $67.61M | $72.17M | $73.55M | $74.52M | $73.84M | $72.40M | $73.33M | $75.61M | $74.76M | $74.76M |
| Retained Earnings | ($120.72M) | ($113.72M) | ($110.95M) | ($108.90M) | ($105.78M) | ($104.30M) | ($100.22M) | ($98.78M) | ($98.03M) | ($95.12M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $207.0K | - | - | - | ($141.0K) | - | - | - | $4.98M | - |
| Investing Cash Flow | ($1.72M) | - | - | - | ($910.0K) | - | - | - | ($2.14M) | - |
| Financing Cash Flow | $6.0K | - | - | - | ($501.0K) | - | - | - | - | - |
| CapEx | $1.72M | - | - | - | $902.0K | - | - | - | $2.13M | - |
| Free Cash Flow | ($1.52M) | - | - | - | ($1.04M) | - | - | - | $2.84M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 46.6% | - | 54.3% | 53.3% | 58.5% | - | 58.0% | 59.6% | 58.6% | - |
| Operating margin | -28.4% | - | -8.2% | -11.4% | -4.2% | - | -4.0% | -0.2% | -10.3% | - |
| EBITDA margin | -22.4% | - | - | - | 1.1% | - | - | - | -4.1% | - |
| Net margin | -29.0% | - | -8.1% | -12.1% | -5.2% | - | -5.5% | -2.8% | -11.4% | - |
| Free cash flow margin | -6.3% | - | - | - | -3.7% | - | - | - | 11.2% | - |
| FCF / Net income | 0.22 | - | - | - | 0.70 | - | - | - | -0.98 | - |
| R&D / Revenue | 18.2% | - | 16.3% | 14.5% | 14.3% | - | 13.0% | 12.9% | 14.0% | - |
| SG&A / Revenue | 27.6% | - | 23.1% | 25.0% | 22.8% | - | 21.6% | 21.8% | 26.9% | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | - |
| Return on assets | -5.6% | - | -1.5% | -2.3% | -1.1% | - | -1.0% | -0.5% | -2.0% | - |
| Return on equity | -10.4% | - | -2.8% | -4.2% | -2.0% | - | -2.0% | -1.0% | -3.9% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 0.77 | 0.85 | 0.85 | 0.84 | 0.82 | 0.78 | 0.78 | 0.81 | 0.77 | 0.67 |
| Quick ratio | 0.77 | 0.85 | 0.85 | 0.84 | 0.82 | 0.78 | 0.78 | 0.81 | 0.77 | 0.67 |
| Cash ratio | 0.27 | 0.28 | 0.22 | 0.17 | 0.21 | 0.24 | 0.26 | 0.16 | 0.14 | 0.10 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.86 | 1.88 | 1.83 | 1.81 | 1.85 | 1.89 | 1.93 | 1.93 | 1.94 | 1.86 |
| Liabilities / Assets | 0.46 | 0.47 | 0.45 | 0.45 | 0.46 | 0.47 | 0.48 | 0.48 | 0.48 | 0.46 |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | - | 0.19 | 0.19 | 0.21 | - | 0.19 | 0.18 | 0.18 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 270d | - | 355d | 391d | 341d | - | 258d | 424d | 373d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 103d | - | 91d | 101d | 115d | - | 89d | 82d | 78d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | 1.3x | - | 2.1x | 2.2x | 2.9x | - | 2.0x | 2.1x | 2.7x | - |
| P / S | 3.5x | - | 6.1x | 6.4x | 7.6x | - | 5.6x | 5.8x | 8.0x | - |
| EV / EBITDA | - | - | - | - | 673.5x | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -14.7% | - | -4.4% | -4.0% | 11.6% | - | 9.5% | 22.1% | 23.2% | - |
| Revenue CAGR (3y) | 5.4% | - | 10.2% | 9.0% | 10.1% | - | 21.7% | 22.6% | 19.2% | - |
| Revenue CAGR (5y) | 10.0% | - | 17.2% | 18.1% | 22.1% | - | 23.3% | 24.7% | 21.5% | - |
| Gross profit growth (YoY) | -32.1% | - | -10.4% | -14.2% | 11.5% | - | 10.7% | 26.9% | 31.7% | - |
| Operating income growth (YoY) | -469.4% | - | -96.6% | -6744.2% | 54.0% | - | 29.4% | 98.2% | -44.8% | - |
| Net income growth (YoY) | -372.0% | - | -41.9% | -314.9% | 49.0% | - | 23.2% | 72.1% | -62.5% | - |
| EPS growth (YoY) | -350.0% | - | -45.5% | -300.0% | 47.8% | - | 26.7% | 72.7% | -53.3% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -45.4% | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -8.4% | -0.3% | 0.3% | -1.4% | -1.2% | -3.2% | 7.7% | 30.2% | 24.1% | 22.7% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$108.40M totalSubscription Maintenance And Support Services$103.10M · 95.1%
Catch Up$4.30M · 4.0%
Professional Software Development Services$1.00M · 0.9%
Geographic
$114.60M totalUS$100.60M · 87.8%
BR$3.50M · 3.1%
BS$3.50M · 3.1%
UY$3.50M · 3.1%
ZA$3.50M · 3.1%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing SOUNDTHINKING against the 5 most active filers in the same SIC group.