BBAI vs. SOUN

Last updated Apr 1, 2026

Compare and contrast key facts about BigBear.ai Holdings, Inc. (BBAI) and SoundHound AI Inc (SOUN).

Performance

BBAI vs. SOUN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BigBear.ai Holdings, Inc. (BBAI) and SoundHound AI Inc (SOUN). The values are adjusted to include any dividend payments, if applicable.

BBAI vs. SOUN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BBAI BigBear.ai Holdings, Inc.	-34.81%	21.35%	107.94%	217.65%	-93.54%
SOUN SoundHound AI Inc	-31.09%	-49.75%	835.85%	19.77%	-76.40%

Fundamentals

Market Cap BBAI : $12.63B SOUN : $2.33T
EPS BBAI : -$0.20 SOUN : -$0.00
PS Ratio BBAI : 40.04 SOUN : 4.60K
PB Ratio BBAI : 20.64 SOUN : 5.01K
Total Revenue (TTM) BBAI : $127.67M SOUN : $168.92M
Gross Profit (TTM) BBAI : $28.48M SOUN : $71.55M
EBITDA (TTM) BBAI : -$253.90M SOUN : $25.20M

Returns By Period

In the year-to-date period, BBAI achieves a -34.81% return, which is significantly lower than SOUN's -31.09% return.

BBAI

• 1D: 15.79%
• 1M: -11.11%
• YTD: -34.81%
• 6M: -46.01%
• 1Y: 23.08%
• 3Y*: 12.99%
• 5Y*: —
• 10Y*: —

SOUN

• 1D: 13.93%
• 1M: -20.12%
• YTD: -31.09%
• 6M: -57.28%
• 1Y: -15.39%
• 3Y*: 35.52%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BBAI vs. SOUN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBAI

BBAI Risk / Return Rank: 53
BBAI Sharpe Ratio Rank: 50
BBAI Sortino Ratio Rank: 63
BBAI Omega Ratio Rank: 55
BBAI Calmar Ratio Rank: 48
BBAI Martin Ratio Rank: 49

SOUN

SOUN Risk / Return Rank: 36
SOUN Sharpe Ratio Rank: 34
SOUN Sortino Ratio Rank: 40
SOUN Omega Ratio Rank: 38
SOUN Calmar Ratio Rank: 34
SOUN Martin Ratio Rank: 34

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBAI vs. SOUN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BigBear.ai Holdings, Inc. (BBAI) and SoundHound AI Inc (SOUN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BBAI	SOUN	Difference
Sharpe ratio Return per unit of total volatility	0.22	-0.18	+0.40
Sortino ratio Return per unit of downside risk	1.24	0.37	+0.87
Omega ratio Gain probability vs. loss probability	1.13	1.04	+0.09
Calmar ratio Return relative to maximum drawdown	0.24	-0.26	+0.50
Martin ratio Return relative to average drawdown	0.51	-0.53	+1.04
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBAI vs. SOUN - Sharpe Ratio Comparison

The current BBAI Sharpe Ratio is 0.22, which is higher than the SOUN Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of BBAI and SOUN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBAI	SOUN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	-0.18	+0.40
Sharpe Ratio (All Time) Calculated using the full available price history	-0.11	-0.02	-0.09

Correlation

The correlation between BBAI and SOUN is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BBAI vs. SOUN - Dividend Comparison

Neither BBAI nor SOUN has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BBAI vs. SOUN - Drawdown Comparison

The maximum BBAI drawdown since its inception was -95.01%, roughly equal to the maximum SOUN drawdown of -93.55%. Use the drawdown chart below to compare losses from any high point for BBAI and SOUN.

Drawdown Indicators

	BBAI	SOUN	Difference
Max Drawdown Largest peak-to-trough decline	-95.01%	-93.55%	-1.46%
Max Drawdown (1Y) Largest decline over 1 year	-65.88%	-72.43%	+6.55%
Current Drawdown Current decline from peak	-72.26%	-71.65%	-0.61%
Average Drawdown Average peak-to-trough decline	-71.00%	-66.96%	-4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.07%	35.91%	-4.84%

Volatility

BBAI vs. SOUN - Volatility Comparison

BigBear.ai Holdings, Inc. (BBAI) and SoundHound AI Inc (SOUN) have volatilities of 22.77% and 22.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBAI	SOUN	Difference
Volatility (1M) Calculated over the trailing 1-month period	22.77%	22.87%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	66.27%	51.77%	+14.50%
Volatility (1Y) Calculated over the trailing 1-year period	104.87%	86.79%	+18.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	178.01%	138.47%	+39.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	178.01%	138.47%	+39.54%

Financials

BBAI vs. SOUN - Profitability Comparison

The chart below illustrates the profitability comparison between BigBear.ai Holdings, Inc. and SoundHound AI Inc over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BBAI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BigBear.ai Holdings, Inc. reported a gross profit of 5.55M and revenue of 27.30M. Therefore, the gross margin over that period was 20.3%.

SOUN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SoundHound AI Inc reported a gross profit of 26.35M and revenue of 55.06M. Therefore, the gross margin over that period was 47.9%.

BBAI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BigBear.ai Holdings, Inc. reported an operating income of -24.27M and revenue of 27.30M, resulting in an operating margin of -88.9%.

SOUN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SoundHound AI Inc reported an operating income of 42.57M and revenue of 55.06M, resulting in an operating margin of 77.3%.

BBAI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BigBear.ai Holdings, Inc. reported a net income of -5.83M and revenue of 27.30M, resulting in a net margin of -21.4%.

SOUN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SoundHound AI Inc reported a net income of 40.06M and revenue of 55.06M, resulting in a net margin of 72.8%.