SoundThinking Inc Financials

SSTI

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 45/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

SoundThinking Inc has an operating margin of -7.7%, meaning the company retains $-8 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -1.3% the prior year.

Growth

SoundThinking Inc's revenue grew 10.0% year-over-year to $102.0M, a solid pace of expansion. This earns a growth score of 57/100.

Leverage

SoundThinking Inc carries a low D/E ratio of 0.89, meaning only $0.89 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 78/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

SoundThinking Inc's current ratio of 0.78 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 11/100, which could limit financial flexibility.

Cash Flow

SoundThinking Inc converts 15.6% of revenue into free cash flow ($15.9M). This strong cash generation earns a score of 78/100.

Piotroski F-Score Neutral

5/9

SoundThinking Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-2.42x

For every $1 of reported earnings, SoundThinking Inc generates $-2.42 in operating cash flow ($22.2M OCF vs -$9.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows SoundThinking Inc (SSTI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$102.0M

YoY+10.0%

5Y CAGR+20.1%

SoundThinking Inc generated $102.0M in revenue in fiscal year 2024. This represents an increase of 10.0% from the prior year.

EBITDA

$2.2M

YoY-59.5%

5Y CAGR-19.4%

SoundThinking Inc's EBITDA was $2.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 59.5% from the prior year.

Free Cash Flow

$15.9M

YoY+169.5%

5Y CAGR+12.4%

SoundThinking Inc generated $15.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 169.5% from the prior year.

Net Income

-$9.2M

YoY-237.7%

SoundThinking Inc reported -$9.2M in net income in fiscal year 2024. This represents a decrease of 237.7% from the prior year.

EPS (Diluted)

$-0.72

YoY-227.3%

SoundThinking Inc earned $-0.72 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 227.3% from the prior year.

Cash & Debt

$13.2M

YoY+131.2%

5Y CAGR-11.7%

SoundThinking Inc held $13.2M in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

13M

YoY-1.0%

5Y CAGR+2.2%

SoundThinking Inc had 13M shares outstanding in fiscal year 2024. This represents a decrease of 1.0% from the prior year.

Gross Margin

56.7%

YoY-0.1pp

5Y CAGR-3.0pp

SoundThinking Inc's gross margin was 56.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

-7.7%

YoY-6.4pp

5Y CAGR-11.6pp

SoundThinking Inc's operating margin was -7.7% in fiscal year 2024, reflecting core business profitability. This is down 6.4 percentage points from the prior year.

Net Margin

-9.0%

YoY-6.1pp

5Y CAGR-13.4pp

SoundThinking Inc's net profit margin was -9.0% in fiscal year 2024, showing the share of revenue converted to profit. This is down 6.1 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

$13.9M

YoY+14.7%

5Y CAGR+21.1%

SoundThinking Inc invested $13.9M in research and development in fiscal year 2024. This represents an increase of 14.7% from the prior year.

Share Buybacks

$6.0M

YoY+7.2%

5Y CAGR-2.2%

SoundThinking Inc spent $6.0M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 7.2% from the prior year.

Capital Expenditures

$6.3M

YoY+25.2%

5Y CAGR+5.6%

SoundThinking Inc invested $6.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 25.2% from the prior year.

SSTI Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$102.0M+10.0%	$92.7M+14.5%	$81.0M+39.3%	$58.2M+27.2%	$45.7M+12.2%	$40.8M
Cost of Revenue	$43.5M+9.2%	$39.9M+16.5%	$34.2M+33.6%	$25.6M+38.3%	$18.5M+12.9%	$16.4M
Gross Profit	$57.9M+9.8%	$52.7M+12.7%	$46.8M+43.9%	$32.5M+20.6%	$27.0M+10.8%	$24.3M
R&D Expenses	$13.9M+14.7%	$12.1M+21.1%	$10.0M+42.5%	$7.0M+25.3%	$5.6M+5.1%	$5.3M
SG&A Expenses	$23.9M+16.2%	$20.6M+30.5%	$15.8M+23.6%	$12.7M+30.8%	$9.7M+31.4%	$7.4M
Operating Income	-$7.9M-534.0%	-$1.2M-116.0%	$7.7M+290.4%	-$4.1M-414.7%	$1.3M-18.9%	$1.6M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$778K-35.4%	$1.2M+3.2%	$1.2M+1983.9%	$56K+162.2%	-$90K-119.5%	-$41K
Net Income	-$9.2M-237.7%	-$2.7M-142.6%	$6.4M+244.1%	-$4.4M-461.7%	$1.2M-31.9%	$1.8M
EPS (Diluted)	$-0.72-227.3%	$-0.22-142.3%	$0.52+236.8%	$-0.38-480.0%	$0.10-33.3%	$0.15

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$25.1M-3.0%	$25.9M-8.7%	$28.3M+21.1%	$23.4M-13.2%	$27.0M+6.1%	$25.4M-2.4%	$26.0M+8.6%	$24.0M
Cost of Revenue	$11.2M-6.9%	$12.1M+2.9%	$11.7M+1.8%	$11.5M+6.8%	$10.8M+5.0%	$10.3M-6.6%	$11.0M+7.5%	$10.2M
Gross Profit	$13.6M-1.2%	$13.8M-16.9%	$16.6M+41.7%	$11.7M-27.2%	$16.1M+8.0%	$14.9M-0.8%	$15.0M+9.1%	$13.8M
R&D Expenses	$4.1M+9.4%	$3.7M-7.8%	$4.1M+16.7%	$3.5M+0.5%	$3.5M-2.6%	$3.6M+9.8%	$3.2M+1.8%	$3.2M
SG&A Expenses	$5.8M-10.4%	$6.5M-0.1%	$6.5M+17.4%	$5.5M-6.2%	$5.9M-13.9%	$6.8M+43.8%	$4.8M-16.3%	$5.7M
Operating Income	-$2.1M+30.1%	-$2.9M-144.4%	-$1.2M+71.0%	-$4.2M-9553.5%	-$43K+98.4%	-$2.6M-159.4%	$4.4M+397.0%	-$1.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	-$158K-283.7%	$86K-14.0%	$100K-9.9%	$111K-52.6%	$234K+105.3%	$114K	N/A	$299K
Net Income	-$2.0M+34.5%	-$3.1M-110.2%	-$1.5M+63.6%	-$4.1M-442.4%	-$752K+74.1%	-$2.9M-179.9%	$3.6M+294.4%	-$1.9M
EPS (Diluted)	$-0.16+33.3%	$-0.24-100.0%	$-0.12+62.5%	$-0.32-433.3%	$-0.06+73.9%	$-0.23-176.7%	$0.30+300.0%	$-0.15

SSTI Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$136.8M-1.4%	$138.7M+13.0%	$122.7M+69.8%	$72.3M+9.0%	$66.3M+9.5%	$60.6M
Current Assets	$43.5M+8.0%	$40.3M-9.8%	$44.7M+30.3%	$34.3M+10.1%	$31.1M-22.5%	$40.2M
Cash & Equivalents	$13.2M+131.2%	$5.7M-45.6%	$10.5M-33.0%	$15.6M-2.5%	$16.0M-34.7%	$24.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$19.6M-20.1%	$24.6M-14.6%	$28.8M+78.1%	$16.2M+29.8%	$12.5M-9.7%	$13.8M
Goodwill	$34.2M0.0%	$34.2M+48.9%	$23.0M+715.7%	$2.8M+0.2%	$2.8M+103.8%	$1.4M
Total Liabilities	$64.4M+0.7%	$64.0M+3.5%	$61.8M+60.6%	$38.5M+20.2%	$32.0M-3.9%	$33.3M
Current Liabilities	$56.1M-6.3%	$59.8M+11.8%	$53.5M+55.1%	$34.5M+11.4%	$31.0M-4.5%	$32.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$72.4M-3.2%	$74.8M+22.7%	$60.9M+80.2%	$33.8M-1.4%	$34.3M+25.9%	$27.3M
Retained Earnings	-$104.3M-9.7%	-$95.1M-2.9%	-$92.4M+6.5%	-$98.8M-4.7%	-$94.4M+1.3%	-$95.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$134.4M-0.3%	$134.8M-1.1%	$136.3M-0.4%	$136.8M-6.2%	$145.9M+0.6%	$145.0M+4.5%	$138.7M+4.3%	$133.0M
Current Assets	$46.1M+3.6%	$44.5M-0.9%	$44.9M+3.2%	$43.5M-11.2%	$49.0M+3.8%	$47.2M+17.2%	$40.3M+17.6%	$34.3M
Cash & Equivalents	$11.8M+32.2%	$8.9M-23.2%	$11.7M-11.6%	$13.2M+34.7%	$9.8M+14.9%	$8.5M+49.5%	$5.7M-1.7%	$5.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$24.4M-12.0%	$27.7M+4.6%	$26.5M+34.9%	$19.6M-37.4%	$31.4M+20.8%	$26.0M+5.6%	$24.6M+18.2%	$20.8M
Goodwill	$34.2M0.0%	$34.2M0.0%	$34.2M0.0%	$34.2M0.0%	$34.2M0.0%	$34.2M0.0%	$34.2M+1.4%	$33.7M
Total Liabilities	$60.9M+1.0%	$60.3M-3.5%	$62.5M-3.0%	$64.4M-8.4%	$70.3M+0.1%	$70.2M+9.8%	$64.0M-1.4%	$64.8M
Current Liabilities	$54.0M+1.9%	$53.0M-3.1%	$54.7M-2.5%	$56.1M-7.9%	$60.9M-0.5%	$61.2M+2.3%	$59.8M+3.2%	$58.0M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$73.5M-1.3%	$74.5M+0.9%	$73.8M+2.0%	$72.4M-4.3%	$75.6M+1.1%	$74.8M0.0%	$74.8M+9.8%	$68.1M
Retained Earnings	-$110.9M-1.9%	-$108.9M-2.9%	-$105.8M-1.4%	-$104.3M-5.6%	-$98.8M-0.8%	-$98.0M-3.1%	-$95.1M+3.7%	-$98.8M

SSTI Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$22.2M+102.9%	$11.0M-10.1%	$12.2M+24.0%	$9.8M-12.4%	$11.2M-18.1%	$13.7M
Capital Expenditures	$6.3M+25.2%	$5.1M-53.7%	$10.9M+39.2%	$7.8M+93.2%	$4.1M-15.8%	$4.8M
Free Cash Flow	$15.9M+169.5%	$5.9M+364.8%	$1.3M-36.0%	$2.0M-72.3%	$7.2M-19.4%	$8.9M
Investing Cash Flow	-$6.4M+61.0%	-$16.5M-6.1%	-$15.5M-97.1%	-$7.9M+58.0%	-$18.8M-282.1%	-$4.9M
Financing Cash Flow	-$8.2M-1137.4%	$795K+145.5%	-$1.7M+22.8%	-$2.3M-137.0%	-$956K-117.4%	$5.5M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$6.0M+7.2%	$5.6M+81.4%	$3.1M-14.4%	$3.6M+123.0%	$1.6M-76.0%	$6.7M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$6.2M+585.9%	-$1.3M-809.9%	-$141K+83.6%	-$859K-119.5%	$4.4M-11.3%	$5.0M+1475.0%	$316K-96.6%	$9.3M
Capital Expenditures	$1.4M-0.4%	$1.4M+52.4%	$902K-33.9%	$1.4M-13.8%	$1.6M-25.8%	$2.1M+203.6%	$703K-38.0%	$1.1M
Free Cash Flow	$4.9M+283.0%	-$2.7M-154.8%	-$1.0M+53.1%	-$2.2M-178.6%	$2.8M-0.4%	$2.8M+834.6%	-$387K-104.7%	$8.2M
Investing Cash Flow	-$1.4M+0.7%	-$1.4M-51.6%	-$910K+33.3%	-$1.4M+15.1%	-$1.6M+24.9%	-$2.1M-205.7%	-$700K+94.4%	-$12.5M
Financing Cash Flow	-$2.0M-4247.8%	-$46K+90.8%	-$501K-301.2%	$249K	N/A	N/A	$260K-94.9%	$5.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$2.0M+325.5%	$470K-6.7%	$504K+50300.0%	$1K	N/A	N/A	$0-100.0%	$1.9M

SSTI Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	56.7%-0.1pp	56.9%-0.9pp	57.8%+1.8pp	55.9%-3.1pp	59.0%-0.8pp	59.7%
Operating Margin	-7.7%-6.4pp	-1.3%-10.9pp	9.6%+16.6pp	-7.0%-9.8pp	2.8%-1.1pp	3.9%
Net Margin	-9.0%-6.1pp	-2.9%-10.8pp	7.9%+15.5pp	-7.6%-10.3pp	2.7%-1.7pp	4.4%
Return on Equity	N/A	N/A	10.5%	N/A	3.6%-3.0pp	6.6%
Return on Assets	-6.7%-4.8pp	-2.0%-7.2pp	5.2%+11.3pp	-6.1%-8.0pp	1.8%-1.1pp	3.0%
Current Ratio	0.78+0.1	0.67-0.2	0.83-0.2	0.99-0.0	1.01-0.2	1.24
Debt-to-Equity	0.89+0.0	0.86-0.2	1.01-0.1	1.14+0.2	0.93-0.3	1.22
FCF Margin	15.6%+9.2pp	6.4%+4.8pp	1.6%-1.8pp	3.4%-12.2pp	15.6%-6.1pp	21.8%

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	54.3%+1.0pp	53.3%-5.2pp	58.5%+8.5pp	50.0%-9.6pp	59.6%+1.0pp	58.6%+1.0pp	57.6%+0.3pp	57.4%
Operating Margin	-8.2%+3.2pp	-11.4%-7.1pp	-4.3%+13.5pp	-17.7%-17.6pp	-0.2%+10.1pp	-10.3%-27.2pp	16.9%+23.1pp	-6.2%
Net Margin	-8.1%+3.9pp	-12.0%-6.8pp	-5.2%+12.2pp	-17.4%-14.6pp	-2.8%+8.7pp	-11.5%-25.4pp	14.0%+21.8pp	-7.8%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	4.9%	N/A
Return on Assets	-1.5%+0.8pp	-2.3%-1.2pp	-1.1%+1.9pp	-3.0%-2.5pp	-0.5%+1.5pp	-2.0%-4.6pp	2.6%+4.0pp	-1.4%
Current Ratio	0.85+0.0	0.84+0.0	0.82+0.0	0.78-0.0	0.81+0.0	0.77+0.1	0.67+0.1	0.59
Debt-to-Equity	0.83+0.0	0.81-0.0	0.85-0.0	0.89-0.0	0.930.0	0.94+0.1	0.86-0.1	0.95
FCF Margin	19.4%+29.6pp	-10.3%-6.6pp	-3.7%+5.8pp	-9.5%-20.0pp	10.5%-0.7pp	11.2%+12.7pp	-1.5%-35.7pp	34.2%

Note: The current ratio is below 1.0 (0.78), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is SoundThinking Inc's annual revenue?

SoundThinking Inc (SSTI) reported $102.0M in total revenue for fiscal year 2024. This represents a 10.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is SoundThinking Inc's revenue growing?

SoundThinking Inc (SSTI) revenue grew by 10% year-over-year, from $92.7M to $102.0M in fiscal year 2024.

Is SoundThinking Inc profitable?

No, SoundThinking Inc (SSTI) reported a net income of -$9.2M in fiscal year 2024, with a net profit margin of -9.0%.

What is SoundThinking Inc's earnings per share (EPS)?

SoundThinking Inc (SSTI) reported diluted earnings per share of $-0.72 for fiscal year 2024. This represents a -227.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is SoundThinking Inc's EBITDA?

SoundThinking Inc (SSTI) had EBITDA of $2.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is SoundThinking Inc's gross margin?

SoundThinking Inc (SSTI) had a gross margin of 56.7% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is SoundThinking Inc's operating margin?

SoundThinking Inc (SSTI) had an operating margin of -7.7% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is SoundThinking Inc's net profit margin?

SoundThinking Inc (SSTI) had a net profit margin of -9.0% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is SoundThinking Inc's free cash flow?

SoundThinking Inc (SSTI) generated $15.9M in free cash flow during fiscal year 2024. This represents a 169.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is SoundThinking Inc's operating cash flow?

SoundThinking Inc (SSTI) generated $22.2M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are SoundThinking Inc's total assets?

SoundThinking Inc (SSTI) had $136.8M in total assets as of fiscal year 2024, including both current and long-term assets.

What are SoundThinking Inc's capital expenditures?

SoundThinking Inc (SSTI) invested $6.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does SoundThinking Inc spend on research and development?

SoundThinking Inc (SSTI) invested $13.9M in research and development during fiscal year 2024.

Does SoundThinking Inc buy back shares?

Yes, SoundThinking Inc (SSTI) spent $6.0M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does SoundThinking Inc have outstanding?

SoundThinking Inc (SSTI) had 13M shares outstanding as of fiscal year 2024.

What is SoundThinking Inc's current ratio?

SoundThinking Inc (SSTI) had a current ratio of 0.78 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is SoundThinking Inc's debt-to-equity ratio?

SoundThinking Inc (SSTI) had a debt-to-equity ratio of 0.89 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is SoundThinking Inc's return on assets (ROA)?

SoundThinking Inc (SSTI) had a return on assets of -6.7% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is SoundThinking Inc's Piotroski F-Score?

SoundThinking Inc (SSTI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are SoundThinking Inc's earnings high quality?

SoundThinking Inc (SSTI) has an earnings quality ratio of -2.42x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is SoundThinking Inc?

SoundThinking Inc (SSTI) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.