Saturday 7 November 2026
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SoundThinking, Inc.
SSTI Technology Software Application
SoundThinking, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $104.1 million, up 2.05% from fiscal 2024.
- Revenue
- −7.73%
- EPS
- −54.2%
- Free cash flow
- −204.7%
Quarter to June 2026, against a year earlier
8.34
0.02
+0.24%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 16 | 24 | 35 | 41 | 46 | 58 | 81 | 93 | 102 | 104 | 98 | +23.6% | 99 | 109 | 125 | +6.3% | |
| Gross margin, % | 38.42 | 48.82 | 55.31 | 59.73 | 58.98 | 55.92 | 57.76 | 56.87 | 56.73 | 54.39 | 50.07 | +16.0 pt | ||||||
| EBT | (7) | (10) | (3) | 2 | 1 | (4) | 8 | (2) | (8) | (9) | (17) | +3.4% | ||||||
| EBT margin, % | (44.24) | (41.32) | (7.88) | 4.31 | 2.48 | (7.52) | 9.32 | (1.63) | (8.23) | (8.94) | (16.93) | +35.3 pt | ||||||
| Net income | (7) | (10) | (3) | 2 | 1 | (4) | 6 | (3) | (9) | (9) | (17) | +3.6% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 9.68 | 3.83 | 3.29 | 3.61 | 4.01 | 4.99 | 6.65 | 7.46 | 8.03 | 8.19 | 7.47 | (1.8%) | |||||
| Earnings | (4.28) | (1.61) | (0.26) | 0.16 | 0.11 | (0.38) | 0.52 | (0.22) | (0.72) | (0.74) | (1.29) | (17.7%) | ||||||
| Cash flow | 1.41 | 0.55 | (0.13) | 1.21 | 0.98 | 0.84 | 1.00 | 0.88 | 1.75 | 0.73 | 0.26 | (7.0%) | ||||||
| Capex | (2.84) | (1.05) | (0.80) | (0.43) | (0.36) | (0.68) | (0.90) | (0.44) | (0.51) | (0.35) | (0.35) | (20.8%) | ||||||
| Free cash flow | (1.43) | (0.50) | (0.93) | 0.78 | 0.62 | 0.17 | 0.10 | 0.44 | 1.24 | 0.38 | (0.08) | n/m | ||||||
| Book value | (35.70) | 1.96 | 1.62 | 2.41 | 3.01 | 2.90 | 5.01 | 6.02 | 5.70 | 5.67 | 5.00 | n/m | ||||||
| Shares, m | 2 | 6 | 11 | 11 | 11 | 12 | 12 | 12 | 13 | 13 | 13 | +25.9% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 159.38 | 339.33 | 0.00 | 66.63 | 0.00 | 0.00 | 0.00 | 0.00 | 56.5 | |||||
| P/S | 0.00 | 3.73 | 9.48 | 7.07 | 9.40 | 5.91 | 5.21 | 3.20 | 1.63 | 0.98 | 1.12 | 4.7 | ||||||
| P/B | 0.00 | 7.29 | 19.22 | 10.58 | 12.54 | 10.17 | 6.92 | 3.97 | 2.29 | 1.42 | 1.67 | 7.4 | ||||||
| EV/Sales | 0.00 | 3.33 | 9.48 | 6.72 | 9.28 | 5.82 | 5.20 | 3.25 | 1.60 | 0.93 | 1.15 | 4.6 | ||||||
| EV/FCF | (5.72) | (25.39) | (33.35) | 31.17 | 59.93 | 175.94 | 333.65 | 55.14 | 10.32 | 19.91 | (104.17) | 62.2 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 2 | 3 | (1) | 14 | 11 | 10 | 12 | 11 | 22 | 9 | 3 | +17.0% | |||||
| Capex | (5) | (7) | (8) | (5) | (4) | (8) | (11) | (5) | (6) | (4) | (5) | (0.2%) | ||||||
| Free cash flow | (2) | (3) | (10) | 9 | 7 | 2 | 1 | 5 | 16 | 5 | (1) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | (8) | 3 | (2) | 8 | 0 | 0 | (9) | (20) | (13) | (9) | (13) | +0.6% | |||||
| Net debt | 7 | (20) | (10) | (25) | (16) | (16) | (10) | (6) | (13) | (16) | (6) | n/m | ||||||
| Shareholders’ equity | (57) | 12 | 17 | 27 | 34 | 34 | 61 | 75 | 72 | 72 | 66 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (44.73) | (38.15) | (6.54) | 3.34 | 1.93 | (6.39) | 6.55 | (2.08) | (6.66) | (6.91) | (13.10) | +37.8 pt | |||||
| ROIC | 0.00 | 0.00 | (23.16) | 36.91 | 4.43 | (13.99) | 9.59 | (1.12) | (8.29) | (9.68) | (17.01) | (9.7) pt | ||||||
| ROE | 12.74 | 44.31 | (18.59) | 8.10 | 3.98 | (13.01) | 13.48 | (4.01) | (12.48) | (13.03) | (23.66) | (25.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 76 | 90 | 101 | 112 | 157 | 167 | 213 | 312 | 316 | 305 | — | +16.7% | |||||
| Revenue/emp, $m | 0.20 | 0.26 | 0.34 | 0.36 | 0.29 | 0.35 | 0.38 | 0.30 | 0.32 | 0.34 | — | +5.9% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
SoundThinking, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| EGAN eGain Corporation | $149.3M | 18.1× | — (loss-making) | −4.67% (below 0%: shrinking) | −95.58% (below 0%: shrinking) | +151.21% (above 0%: growing) | 71.61% | 4.87% | Compare |
| DUOT Duos Technologies Group, Inc. | $148.9M | 4.1× | 3.5× | +29.51% (above 0%: growing) | n/m | +354.75% (above 0%: growing) | 55.80% | 0.80% | Compare |
| BVC BitVentures Limited | $137.3M | 8.2× | 1.5× | +95.82% (above 0%: growing) | +76.47% (above 0%: growing) | — | 0.00% | 0.00% | Compare |
| HUCK Huckleberry.ai, Inc. | $135.0M | — (loss-making) | — (loss-making) | −3.68% (below 0%: shrinking) | n/m | −890.68% (below 0%: shrinking) | 77.13% | (3.11%) | Compare |
| TRAK ReposiTrak Inc. | $125.8M | 16.6× | 15.7× | −3.20% (below 0%: shrinking) | +22.22% (above 0%: growing) | −17.59% (below 0%: shrinking) | 85.73% | 33.74% | Compare |
| RYDE Ryde Group Ltd. | $114.7M | — | — | — | n/m | −1,394.20% (below 0%: shrinking) | 34.62% | (54.96%) | Compare |
| SSTI SoundThinking, Inc. | $110.2M | — (loss-making) | — (loss-making) | −7.73% (below 0%: shrinking) | n/m | −204.69% (below 0%: shrinking) | 48.29% | (19.48%) | |
| RDZN Roadzen Inc. | $94.5M | — (loss-making) | — (loss-making) | +49.04% (above 0%: growing) | n/m | −85.81% (below 0%: shrinking) | 57.25% | (9.53%) | Compare |
| RTB RTB Digital, Inc. | $83.4M | — (loss-making) | 9.6× | +350.29% (above 0%: growing) | n/m | −123.92% (below 0%: shrinking) | 37.41% | (383.63%) | Compare |
| Median of peers | $130.4M | 12.4× | 6.6× | +29.51% | +22.22% | −85.81% | 56.53% | (1.55%) |
Pay and ownership Proxy statement filed 22 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 4.60m | 1.99m | 24.00 |
| 2024 | 4.99m | 873.23k | 44.00 |
| 2023 | 4.71m | 3.01m | 75.00 |
Ownership
Directors and executive officers, together
10.90%
Entities affiliated with Lauder Partners LLC
17.40%
Entities affiliated with Veradace Capital Management LLC
16.10%
Kopion Asset Management, LLC
7.50%
Ralph A. Clark
6.90%
Bares Capital Management, Inc.
5.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement