Does SoundHound AI, Inc. have an economic moat?

Based on its FY2025 SEC filings, the Moat Index scores SoundHound AI, Inc. (SOUN) 37.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 77, returns on capital 0, balance-sheet safety 28, capital discipline 44.

How has SOUN's Moat Score changed over time?

The record logs 3 readings since Jul 17, 2026; the latest reads 37.4 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

The Moat Index

SoundHound AI, Inc.

SOUN · Technology · FY2025 filings · No moat ·

Doesn't clear the bar

No moat

The four filters

Pricing power77

Median gross margin 68.9% over 5y, variable.

Returns on capital0

Median ROIC -161.6%, above the 9% hurdle in 0% of years.

Balance-sheet safety28

Net debt/EBITDA n/ax, interest coverage -35x.

Capital discipline44

Owner earnings trend unclear, share count n/a.

Margin of safety

Above valueOn sale

No price data

Owner earnings (normalized): —
Est. intrinsic value / share: —
Recent price: $6.27
Discount to value: No price data

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

6 years of fundamentals

The business, in plain English

SoundHound AI, Inc. booked $168.9M of revenue in FY2025 in the Technology sector and kept 42.4% of it as gross profit — a solid-margin business by that measure. After every other cost, −8.3% of each revenue dollar reached the bottom line.

The balance sheet carried $0 of total debt in FY2024. Balance-Sheet Safety scores it 28/100.

Put together: Pricing Power is the strongest of the four filters (77/100) and Returns on Capital the weakest (0/100), which is how SOUN lands at 37/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

RevenueSales, as filed$168.9M FY2025

Gross marginRevenue kept after cost of goods42.4% FY2025

Return on invested capitalOperating profit on the capital employed−8.5% FY2025

Owner earningsCash an owner could take out−$13.9M FY2025

Gaps in a line mean that item isn’t in SOUN’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Moat Score history

Moat Score over timeLast scored reading of each day, on the 0–100 scale37.4 / 100

Score history begins Jul 17, 2026 — the record builds from here and can’t be backfilled.

Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars

None yet — SOUN has read No moat for every logged capture since Jul 17, 2026.

Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.

Technology context

#344 of 532 scored Technology companies, ranked by Moat Score.

Nearest peers by Moat Score

#342PRTH Priority Technology Holdings, Inc.37.6 out of 100, No moatNo moat
#343BELFA BEL FUSE INC /NJ37.4 out of 100, No moatNo moat
#345DJT Trump Media & Technology Group Corp.37.4 out of 100, No moatNo moat
#346SNOW SNOWFLAKE INC.37.3 out of 100, No moatNo moat

Compare SOUN with its nearest peers →All Technology companies on the Index →

Common questions about SOUN

Does SoundHound AI, Inc. have an economic moat?: Based on its FY2025 SEC filings, the Moat Index scores SoundHound AI, Inc. (SOUN) 37.4 out of 100 — below the Shallow-moat bar, so no moat. The four filters behind that score (each 0–100): pricing power 77, returns on capital 0, balance-sheet safety 28, capital discipline 44.
How has SOUN's Moat Score changed over time?: The record logs 3 readings since Jul 17, 2026; the latest reads 37.4 out of 100 (no moat). No tier changes on record yet. The history is append-only — readings are only ever added, never rewritten.

Embed this score on your site

One iframe, no script. The badge shows SOUN’s live Moat Score, updates itself as new filings are scored, and links back here. How it works.

<iframe
  src="https://buylikebuffett.com/embed/SOUN"
  width="340" height="150" style="border:0"
  title="SOUN Moat Score — The Moat Index"
  loading="lazy"></iframe>

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell SOUN. See the disclaimer.