SoundHound AI (SOUN)

Net assets on the balance sheet as of September 2024 : NZ$0.52 Billion

According to SoundHound AI's latest financial reports the company has NZ$0.52 Billion in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

SoundHound AI - Net assets on balance sheet (from 2021 to 2024)

Net assets by year

Year	Net assets	Change
2023-12-31	$NZ$44.54 M	-177.34%
2022-12-31	$-NZ$57.6 Million	-88.54%
2021-12-31	$-NZ$0.51 Billion	31.2%
2020-12-31	$-NZ$0.39 Billion

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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SoundHound AI (SOUN) - Net assets