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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $104.13M | $102.03M | $92.72M | $81.00M | $58.16M | $45.73M |
| Cost of Revenue | $47.49M | $44.15M | $39.99M | $34.22M | $25.64M | $18.76M |
| Gross Profit | $56.64M | $57.88M | $52.73M | $46.78M | $32.52M | $26.98M |
| R&D | $15.87M | $13.93M | $12.14M | $10.03M | $7.04M | $5.61M |
| SG&A | $23.21M | $23.89M | $20.56M | $15.75M | $14.07M | $9.74M |
| Total Operating Expenses | $65.37M | $65.74M | $53.97M | $39.04M | $36.59M | $25.68M |
| D&A | $5.99M | $6.21M | $6.70M | $6.40M | $5.80M | $5.40M |
| Operating Income | ($8.73M) | ($7.86M) | ($1.24M) | $7.75M | ($4.07M) | $1.29M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $113.0K | $778.0K | $1.20M | $1.17M | $56.0K | ($90.0K) |
| Net Income | ($9.42M) | ($9.18M) | ($2.72M) | $6.38M | ($4.43M) | $1.23M |
| EPS - Basic | ($0.74) | ($0.72) | ($0.22) | $0.52 | ($0.38) | $0.11 |
| EPS - Diluted | ($0.74) | ($0.72) | ($0.22) | $0.52 | ($0.38) | $0.10 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $15.80M | $13.18M | $5.70M | $10.48M | $15.64M | $16.04M |
| Accounts Receivable | $23.46M | $19.64M | $24.57M | $28.79M | $16.17M | $13.80M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $3.79M | $3.44M | $3.03M | $1.63M | $1.59M | $1.19M |
| Current Assets | $48.59M | $43.53M | $40.30M | $44.66M | $34.27M | $31.14M |
| Total Assets | $135.75M | $136.79M | $138.71M | $122.75M | $72.30M | $66.32M |
| Current Liabilities | $57.40M | $56.06M | $59.82M | $53.51M | $34.50M | $30.98M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $63.58M | $64.39M | $63.95M | $61.80M | $38.49M | $32.02M |
| Stockholders' Equity | $72.17M | $72.40M | $74.76M | $60.95M | $33.81M | $34.30M |
| Retained Earnings | ($113.72M) | ($104.30M) | ($95.12M) | ($92.40M) | ($98.78M) | ($94.35M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.30M | $22.22M | $10.95M | $12.18M | $9.82M | $11.21M |
| Investing Cash Flow | ($4.46M) | ($6.43M) | ($16.48M) | ($15.54M) | ($7.88M) | ($18.76M) |
| Financing Cash Flow | ($2.35M) | ($8.25M) | $795.0K | ($1.75M) | ($2.27M) | ($956.0K) |
| CapEx | $4.45M | $6.33M | $5.05M | $10.91M | $7.84M | $4.06M |
| Free Cash Flow | $4.85M | $15.89M | $5.90M | $1.27M | $1.98M | $7.15M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 54.4% | 56.7% | 56.9% | 57.8% | 55.9% | 59.0% |
| Operating margin | -8.4% | -7.7% | -1.3% | 9.6% | -7.0% | 2.8% |
| EBITDA margin | -2.6% | -1.6% | 5.9% | 17.5% | 3.0% | 14.6% |
| Net margin | -9.0% | -9.0% | -2.9% | 7.9% | -7.6% | 2.7% |
| Free cash flow margin | 4.7% | 15.6% | 6.4% | 1.6% | 3.4% | 15.6% |
| FCF / Net income | -0.52 | -1.73 | -2.17 | 0.20 | -0.45 | 5.84 |
| R&D / Revenue | 15.2% | 13.6% | 13.1% | 12.4% | 12.1% | 12.3% |
| SG&A / Revenue | 22.3% | 23.4% | 22.2% | 19.4% | 24.2% | 21.3% |
| Effective tax rate | - | - | - | 15.5% | - | -7.9% |
| Return on assets | -6.9% | -6.7% | -2.0% | 5.2% | -6.1% | 1.8% |
| Return on equity | -13.1% | -12.7% | -3.6% | 10.5% | -13.1% | 3.6% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 0.85 | 0.78 | 0.67 | 0.83 | 0.99 | 1.01 |
| Quick ratio | 0.85 | 0.78 | 0.67 | 0.83 | 0.99 | 1.01 |
| Cash ratio | 0.28 | 0.24 | 0.10 | 0.20 | 0.45 | 0.52 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.88 | 1.89 | 1.86 | 2.01 | 2.14 | 1.93 |
| Liabilities / Assets | 0.47 | 0.47 | 0.46 | 0.50 | 0.53 | 0.48 |
| Efficiency | ||||||
| Asset turnover | 0.77 | 0.75 | 0.67 | 0.66 | 0.80 | 0.69 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 82d | 70d | 97d | 130d | 101d | 110d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 29d | 28d | 28d | 17d | 23d | 23d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | 65.1x | - | 377.0x |
| P / B | 1.4x | 2.3x | 4.2x | 6.8x | 10.2x | 12.9x |
| P / S | 1.0x | 1.6x | 3.4x | 5.1x | 5.9x | 9.7x |
| EV / EBITDA | - | - | 57.1x | 28.7x | 189.6x | 63.7x |
| Growth | ||||||
| Revenue growth (YoY) | 2.1% | 10.0% | 14.5% | 39.3% | 27.2% | 92.5% |
| Revenue CAGR (3y) | 8.7% | 20.6% | 26.6% | 50.5% | 18.7% | 43.4% |
| Revenue CAGR (5y) | 17.9% | 33.8% | 21.7% | 39.2% | - | - |
| Gross profit growth (YoY) | -2.2% | 9.8% | 12.7% | 43.9% | 20.6% | 10.8% |
| Operating income growth (YoY) | -11.2% | -534.0% | - | - | - | -18.9% |
| Net income growth (YoY) | -2.6% | -237.7% | - | - | - | -31.9% |
| EPS growth (YoY) | -2.8% | -227.3% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -69.5% | 169.5% | 364.8% | -36.0% | -72.3% | -19.4% |
| FCF CAGR (5y) | -7.5% | 12.4% | - | - | - | - |
| Book value growth (YoY) | -0.3% | -3.2% | 22.7% | 80.2% | -1.4% | 25.9% |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.29
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing SOUNDTHINKING against the 5 most active filers in the same SIC group.