SoundThinking Inc Financials
SoundThinking Inc (SSTI) reported $104.1M in revenue for fiscal year 2025, up 2.1% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 11 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).
Healthy gross margins are being absorbed by a heavier operating cost base, leaving profits elusive and cash flow uneven.
FY2024 and FY2025 produced nearly the same net loss, yet operating cash flow fell from$22.2M to$9.3M as receivables rebuilt while sales barely moved. That pattern says cash conversion has recently depended more on working-capital timing than on a stable improvement in the underlying earnings engine.
The business still keeps a mid-50s gross margin, but that cushion is not reaching the bottom line because R&D plus SG&A rose from
The balance sheet reads as liquidity-tight rather than burdened by total liabilities: the current ratio was only 0.8x in FY2025, while total liabilities were about
Financial Health Signals
Scored against emerging companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of SoundThinking Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for SoundThinking Inc, and counted as zero in the overall score.
SoundThinking Inc scores 0.07, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($81.2M) relative to total liabilities ($63.6M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
SoundThinking Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
SoundThinking Inc reported a net loss of $9.4M while generating $9.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
SoundThinking Inc generated $104.1M in revenue in fiscal year 2025. This represents an increase of 2.1% from the prior year.
SoundThinking Inc's EBITDA was $1.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 49.6% from the prior year.
SoundThinking Inc reported -$9.4M in net income in fiscal year 2025. This represents a decrease of 2.6% from the prior year.
SoundThinking Inc earned -$0.74 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 2.8% from the prior year.
Cash & Balance Sheet
SoundThinking Inc generated $4.9M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 69.5% from the prior year.
SoundThinking Inc held $15.8M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
SoundThinking Inc's gross margin was 54.4% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.3 percentage points from the prior year.
SoundThinking Inc's operating margin was -8.4% in fiscal year 2025, reflecting core business profitability. This is down 0.7 percentage points from the prior year.
SoundThinking Inc's net profit margin was -9.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.1 percentage points from the prior year.
SoundThinking Inc's ROE was -13.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.4 percentage points from the prior year.
Capital Allocation
SoundThinking Inc invested $15.9M in research and development in fiscal year 2025. This represents an increase of 13.9% from the prior year.
SoundThinking Inc spent $3.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 50.4% from the prior year.
SoundThinking Inc invested $4.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 29.7% from the prior year.
SSTI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $98.0M | $104.1M+2.1% | $102.0M+10.0% | $92.7M+14.5% | $81.0M+39.3% | $58.2M+27.2% | $45.7M+12.2% | $40.8M+17.3% | $34.8M+46.2% | $23.8M+53.2% | $15.5M+31.5% | $11.8M |
| Cost of Revenue | $48.0M | $47.1M+8.1% | $43.5M+9.2% | $39.9M+16.5% | $34.2M+33.6% | $25.6M+38.3% | $18.5M+12.9% | $16.4M+10.5% | $14.8M+30.6% | $11.4M+19.1% | $9.5M+15.0% | $8.3M |
| Gross Profit | $49.0M | $56.6M-2.2% | $57.9M+9.8% | $52.7M+12.7% | $46.8M+43.9% | $32.5M+20.6% | $27.0M+10.8% | $24.3M+26.6% | $19.2M+65.7% | $11.6M+94.7% | $6.0M+70.9% | $3.5M |
| R&D Expenses | $16.5M | $15.9M+13.9% | $13.9M+14.7% | $12.1M+21.1% | $10.0M+42.5% | $7.0M+25.3% | $5.6M+5.1% | $5.3M+7.2% | $5.0M+19.9% | $4.2M+1.6% | $4.1M+21.9% | $3.4M |
| SG&A Expenses | $23.2M | $23.2M-2.9% | $23.9M+16.2% | $20.6M+30.5% | $15.8M+23.6% | $12.7M+30.8% | $9.7M+31.4% | $7.4M-12.0% | $8.4M+50.6% | $5.6M+136.9% | $2.4M+30.7% | $1.8M |
| Operating Income | -$16.1M | -$8.7M-11.2% | -$7.9M-534.0% | -$1.2M-116.0% | $7.7M+290.4% | -$4.1M-414.7% | $1.3M-18.9% | $1.6M+162.1% | -$2.6M+40.7% | -$4.3M+12.9% | -$5.0M+9.9% | -$5.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $1.1M-8.3% | $1.2M | N/A |
| Income Tax | -$11K | $113K-85.5% | $778K-35.4% | $1.2M+3.2% | $1.2M+1983.9% | $56K+162.2% | -$90K-119.5% | -$41K-215.4% | -$13K-108.1% | $160K | N/A | N/A |
| Net Income | -$16.6M | -$9.4M-2.6% | -$9.2M-237.7% | -$2.7M-142.6% | $6.4M+244.1% | -$4.4M-461.7% | $1.2M-31.9% | $1.8M+166.0% | -$2.7M+72.7% | -$10.0M-45.5% | -$6.9M-10.8% | -$6.2M |
| EPS (Diluted) | — | -$0.74-2.8% | -$0.72-227.3% | -$0.22-142.3% | $0.52+236.8% | -$0.38-480.0% | $0.10-33.3% | $0.15+157.7% | -$0.26 | -$1.61 | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SSTI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $135.8M-0.8% | $136.8M-1.4% | $138.7M+13.0% | $122.7M+69.8% | $72.3M+9.0% | $66.3M+9.5% | $60.6M+28.5% | $47.1M+30.2% | $36.2M+124.6% | $16.1M | N/A |
| Current Assets | $48.6M+11.6% | $43.5M+8.0% | $40.3M-9.8% | $44.7M+30.3% | $34.3M+10.1% | $31.1M-22.5% | $40.2M+48.5% | $27.1M+11.1% | $24.4M+254.5% | $6.9M | N/A |
| Cash & Equivalents | $15.8M+19.8% | $13.2M+131.2% | $5.7M-45.6% | $10.5M-33.0% | $15.6M-2.5% | $16.0M-34.7% | $24.6M+140.3% | $10.2M-47.8% | $19.6M+406.3% | $3.9M-6.3% | $4.1M |
| Accounts Receivable | $23.5M+19.5% | $19.6M-20.1% | $24.6M-14.6% | $28.8M+78.1% | $16.2M+29.8% | $12.5M-9.7% | $13.8M | N/A | $3.9M+63.0% | $2.4M | N/A |
| Goodwill | $34.2M0.0% | $34.2M0.0% | $34.2M+48.9% | $23.0M+715.7% | $2.8M+0.2% | $2.8M+103.8% | $1.4M0.0% | $1.4M | N/A | N/A | N/A |
| Total Liabilities | $63.6M-1.3% | $64.4M+0.7% | $64.0M+3.5% | $61.8M+60.6% | $38.5M+20.2% | $32.0M-3.9% | $33.3M+11.2% | $30.0M+24.7% | $24.0M-67.2% | $73.3M | N/A |
| Current Liabilities | $57.4M+2.4% | $56.1M-6.3% | $59.8M+11.8% | $53.5M+55.1% | $34.5M+11.4% | $31.0M-4.5% | $32.4M+12.4% | $28.8M+35.9% | $21.2M+39.4% | $15.2M | N/A |
| Total Equity | $72.2M-0.3% | $72.4M-3.2% | $74.8M+22.7% | $60.9M+80.2% | $33.8M-1.4% | $34.3M+25.9% | $27.3M+58.9% | $17.1M+41.0% | $12.2M+121.3% | -$57.2M-13.4% | -$50.5M |
| Retained Earnings | -$113.7M-9.0% | -$104.3M-9.7% | -$95.1M-2.9% | -$92.4M+6.5% | -$98.8M-4.7% | -$94.4M+1.3% | -$95.6M+1.8% | -$97.4M+0.2% | -$97.6M-11.4% | -$87.6M | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
SSTI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.5M | $9.3M-58.1% | $22.2M+102.9% | $11.0M-10.1% | $12.2M+24.0% | $9.8M-12.4% | $11.2M-18.1% | $13.7M+1087.9% | -$1.4M-140.9% | $3.4M+50.1% | $2.3M+164.4% | -$3.5M |
| Capital Expenditures | $4.5M | $4.4M-29.7% | $6.3M+25.2% | $5.1M-53.7% | $10.9M+39.2% | $7.8M+93.2% | $4.1M-15.8% | $4.8M-42.9% | $8.4M+31.3% | $6.4M+43.7% | $4.5M+107.7% | $2.2M |
| Free Cash Flow | -$1.1M | $4.9M-69.5% | $15.9M+169.5% | $5.9M+364.8% | $1.3M-36.0% | $2.0M-72.3% | $7.2M-19.4% | $8.9M+190.2% | -$9.8M-223.0% | -$3.0M-37.1% | -$2.2M+60.8% | -$5.7M |
| Investing Cash Flow | -$4.5M | -$4.5M+30.7% | -$6.4M+61.0% | -$16.5M-6.1% | -$15.5M-97.1% | -$7.9M+58.0% | -$18.8M-282.1% | -$4.9M+51.9% | -$10.2M-56.8% | -$6.5M-42.9% | -$4.6M | N/A |
| Financing Cash Flow | -$1.6M | -$2.4M+71.5% | -$8.2M-1137.4% | $795K+145.5% | -$1.7M+22.8% | -$2.3M-137.0% | -$956K-117.4% | $5.5M+124.9% | $2.4M-87.0% | $18.8M+833.8% | $2.0M | N/A |
| Share Buybacks | $2.0M | $3.0M-50.4% | $6.0M+7.2% | $5.6M+81.4% | $3.1M-14.4% | $3.6M+123.0% | $1.6M-76.0% | $6.7M | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
SSTI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 54.4%-2.3pp | 56.7%-0.1pp | 56.9%-0.9pp | 57.8%+1.8pp | 55.9%-3.1pp | 59.0%-0.8pp | 59.7%+4.4pp | 55.3%+6.5pp | 48.8%+10.4pp | 38.4%+8.8pp | 29.6% |
| Operating Margin | -8.4%-0.7pp | -7.7%-6.4pp | -1.3%-10.9pp | 9.6%+16.6pp | -7.0%-9.8pp | 2.8%-1.1pp | 3.9%+11.3pp | -7.4%+10.8pp | -18.2%+13.8pp | -32.1%+14.8pp | -46.8% |
| Net Margin | -9.0%-0.1pp | -9.0%-6.1pp | -2.9%-10.8pp | 7.9%+15.5pp | -7.6%-10.3pp | 2.7%-1.7pp | 4.4%+12.3pp | -7.8%+34.2pp | -42.0%+2.2pp | -44.2%+8.3pp | -52.5% |
| Return on Equity | -13.1%-0.4pp | -12.7%-9.0pp | -3.6%-14.1pp | 10.5%+23.6pp | -13.1%-16.7pp | 3.6%-3.0pp | 6.6%+22.5pp | -15.9%+66.2pp | -82.1% | N/A | N/A |
| Return on Assets | -6.9%-0.2pp | -6.7%-4.8pp | -2.0%-7.2pp | 5.2%+11.3pp | -6.1%-8.0pp | 1.8%-1.1pp | 3.0%+8.8pp | -5.8%+21.8pp | -27.6%+15.0pp | -42.6% | N/A |
| Current Ratio | 0.85+0.1x | 0.78+0.1x | 0.67-0.2x | 0.83-0.2x | 0.990.0x | 1.01-0.2x | 1.24+0.3x | 0.94-0.2x | 1.15+0.7x | 0.45 | N/A |
| Debt-to-Equity | 0.880.0x | 0.890.0x | 0.86-0.2x | 1.01-0.1x | 1.14+0.2x | 0.93-0.3x | 1.22-0.5x | 1.75-0.2x | 1.98 | N/A | N/A |
| FCF Margin | 4.7%-10.9pp | 15.6%+9.2pp | 6.4%+4.8pp | 1.6%-1.8pp | 3.4%-12.2pp | 15.6%-6.1pp | 21.8%+50.0pp | -28.3%-15.5pp | -12.8%+1.5pp | -14.3%+33.7pp | -48.0% |
Note: The current ratio is below 1.0 (0.85), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where SoundThinking Inc Ranks
Frequently Asked Questions
What is SoundThinking Inc's annual revenue?
SoundThinking Inc (SSTI) reported $104.1M in total revenue for fiscal year 2025. This represents a 2.1% 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 2.1% year-over-year, from $102.0M to $104.1M in fiscal year 2025.
Is SoundThinking Inc profitable?
No, SoundThinking Inc (SSTI) reported a net income of -$9.4M in fiscal year 2025, with a net profit margin of -9.0%.
What is SoundThinking Inc's EBITDA?
SoundThinking Inc (SSTI) had EBITDA of $1.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is SoundThinking Inc's gross margin?
SoundThinking Inc (SSTI) had a gross margin of 54.4% in fiscal year 2025, 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 -8.4% in fiscal year 2025, 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 2025, representing the share of revenue converted into profit after all expenses.
What is SoundThinking Inc's return on equity (ROE)?
SoundThinking Inc (SSTI) has a return on equity of -13.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is SoundThinking Inc's free cash flow?
SoundThinking Inc (SSTI) generated $4.9M in free cash flow during fiscal year 2025. This represents a -69.5% 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 $9.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are SoundThinking Inc's total assets?
SoundThinking Inc (SSTI) had $135.8M in total assets as of fiscal year 2025, including both current and long-term assets.
What are SoundThinking Inc's capital expenditures?
SoundThinking Inc (SSTI) invested $4.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does SoundThinking Inc spend on research and development?
SoundThinking Inc (SSTI) invested $15.9M in research and development during fiscal year 2025.
What is SoundThinking Inc's current ratio?
SoundThinking Inc (SSTI) had a current ratio of 0.85 as of fiscal year 2025, 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 0.88 as of fiscal year 2025, 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 -6.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is SoundThinking Inc's Altman Z-Score?
SoundThinking Inc (SSTI) has an Altman Z-Score of 0.07, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is SoundThinking Inc's Piotroski F-Score?
SoundThinking Inc (SSTI) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $9.4M while generating $9.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 50 out of 100 on our Financial Health Score, indicating moderate standing within its emerging companies peer group. The score is a 0-100 composite of six dimensions (Cash Runway, Dilution, R&D Intensity, Revenue Progress, Burn Trend, Balance Sheet), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.