GlobeNewswire·Nov 12, 2026, 4:05 PM ET

SoundThinking, Inc. Reports Third Quarter 2026 Financial Results

SSTI

SoundThinking reported third-quarter 2026 revenues of $25.0 million, remaining relatively flat compared to $25.1 million in the same quarter of 2025.
Gross profit decreased 13% to $11.9 million (48% of revenues) from $13.6 million (54% of revenues) in the prior year period.
GAAP net loss totaled $8.5 million, or $0.64 per share, compared to a net loss of $2.0 million, or $0.16 per share, in the third quarter of 2025.
Adjusted EBITDA for the quarter was $2.2 million, down from $3.5 million in the same period last year.
The company expanded with three existing customers, partially offset by contract non-renewals or delays that reduced revenue by approximately $1.0 million.
Total operating expenses increased to $20.1 million, driven by acquisition-related costs for the Transom Transaction & higher sales expenses, partially offset by lower research costs due to headcount reductions.
SoundThinking entered a definitive merger agreement with affiliates of Transom Capital Group to acquire the company for $8.00 per share in cash plus a contingent value right worth up to $3.00 per share.
The transaction implies an enterprise value of approximately $114 million based on upfront cash, rising to approximately $159 million with maximum contingent value payments.
Closing of the Transom Transaction is expected in the fourth quarter of 2026, subject to stockholders tendering a majority of outstanding shares, after which SoundThinking will become a privately held company.
The company will not provide forward-looking guidance or host an earnings conference call due to the pending transaction.
At quarter end, SoundThinking held $9.5 million in cash, $29.2 million in accounts receivable, $41.7 million in deferred revenue, $4.0 million in debt, and approximately $36.0 million available on its credit facility.

Company: SoundThinking, Inc.
Keywords: Nasdaq:SSTI , SoundThinking, Inc.