SoundThinking Q1 revenue falls 15% to $24.2 million; net loss widens to $7.0 million
SoundThinking reported first-quarter 2026 revenue of $24.2 million, down 15% from $28.3 million a year earlier, and a GAAP net loss of $7.0 million, compared with $1.5 million in the same quarter of 2025. The company reaffirmed its full-year 2026 revenue guidance of $109.0 million to $111.0 million, but the weaker quarter and larger loss show shareholders a slower start to the year.
Key points
- Revenue was $24.2 million versus $28.3 million; Q1 2025 included about $3.5 million in catch-up revenue from renewing two delayed New York City Police Department contracts.
- GAAP net loss was $7.0 million, or $(0.54) per share, compared with $1.5 million, or $(0.12) per share, a year earlier.
- Adjusted EBITDA was negative $0.1 million, compared with $4.5 million in the first quarter of 2025.
- Full-year 2026 revenue guidance of $109.0 million to $111.0 million was reaffirmed, even without a ShotSpotter contract renewal in Chicago.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 14, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.