SoundThinking posts $7 million Q1 loss on 15% revenue decline, reaffirms guidance
SSTI•SoundThinking posted a Q1 net loss of $7 million, or $0.54 per share, on $24.2 million revenue, down 15% year-over-year. It reaffirmed 2026 revenue guidance of $109–111 million, 16–18% adjusted EBITDA margin guidance and a $110 million ARR 1 target for early 2027.
1. Q1 Financial Results
SoundThinking reported a first-quarter net loss of $7.0 million, equivalent to a $0.54 loss per share, on revenues of $24.2 million.
2. Year-Over-Year Performance
Revenue declined 15% from Q1 2025, reflecting the absence of approximately $3.5 million in one-time contract renewals with the New York City Police Department recorded last year.
3. 2026 Guidance Reaffirmation
Management reaffirmed full-year 2026 revenue guidance of $109.0–111.0 million, adjusted EBITDA margin guidance of 16%–18%, and an ARR 1 target increase to approximately $110.0 million at the beginning of 2027.
