Quarterly ResultMay 14, 2026, 04:23 PM
SoundThinking Q1 Revenue Down 15% to $24.2M; Reaffirms FY26 Guidance
AI Summary
SoundThinking, Inc. reported a 15% decrease in first-quarter 2026 revenues to $24.2 million, primarily due to catch-up revenue in Q1 2025 and a non-renewed contract. The company posted a GAAP net loss of $7.0 million and negative Adjusted EBITDA of $0.1 million. Despite the Q1 performance, SoundThinking reaffirmed its full-year 2026 revenue guidance of $109.0 million to $111.0 million and Adjusted EBITDA margin guidance of 16% to 18%.
Key Highlights
- Q1 2026 revenues decreased 15% to $24.2 million from $28.3 million in Q1 2025.
- GAAP net loss for Q1 2026 was $7.0 million, compared to a $1.5 million loss in Q1 2025.
- Adjusted EBITDA for Q1 2026 was negative $0.1 million, down from $4.5 million in Q1 2025.
- Reaffirmed full-year 2026 revenue guidance of $109.0 million to $111.0 million.
- Reaffirmed full-year 2026 Adjusted EBITDA margin guidance of 16% to 18%.
- Expects Annual Recurring Revenue (ARR) to reach approximately $110.0 million by early 2027.
- Cash and cash equivalents stood at $14.2 million at the end of Q1 2026.