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Sound Group Inc.

Rank #6HypergrowthWatchlistCompare with other stocks

SOGP · Nasdaq · Communication Services

Sound Group Inc. (SOGP) — Rank #6 by gross profitability (GP/assets 1.21) · ROE 56.5% · Piotroski F-Score 8 / 9.

As-of 2026-10-30 · CIK 0001783407 · all metrics point-in-time as of the filing date.

About

Sound Group Inc. operates as an AI-powered audio company in the People's Republic of China.

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The company offers voice live streaming, multi-user voice interaction, and podcast content for social entertainment, online companionship, and interest-based engagement; and content creation platforms, which enable intelligent event planning, voice enhancement, and AI-driven interactive features. It also provides SoundSphereAI, a voice AI technology showcase and experience platform. The company was formerly known as LIZHI INC. and changed its name to Sound Group Inc. in January 2024. Sound Group Inc.

was founded in 2010 and is based in Singapore.

Industry
Internet Content & Information
Sector
Communication Services
State
E9
Filer Category
Non-accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/S is the primary valuation lens — earnings are reinvested, not available for P/E.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

590

Industry

Internet Content & Information

Exchange

Nasdaq

11/11

Flags passed

SOGP passes 11/11 quality flags

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Disclosure consistent
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Revenue growth accelerating · Deferred revenue growing

No data Balance sheet — not counted as a pass.

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
1.21
Return on equity
56.5%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
1.00
Current ratio
1.94×
Net cash
$647.87M

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
0.1%

Growth

2/2 pass
Revenue growth
52.7%
Piotroski F-Score
8 / 9
Share dilution
-8.1%

Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 1.21

Gross profitability (GP / assets)

1.21

Primary signal (Novy-Marx).

1st of 15 SIC 7370 peers

Return on equity

56.5%

Gross margin

29.2%

15th of 15 SIC 7370 peers

Revenue growth (YoY)

52.7%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

12.4%

Revenue CAGR (5Y)

15.6%

Earnings CAGR (3Y)

37.8%

FCF CAGR (3Y)

30.5%

Cash Flow Health

Is the cash real?

No warning flags · FCF 22% above net income

Free cash flow

$276.58M

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

22.1%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

0.1%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $647.87M, F-Score 8/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

1.00

13th of 14 SIC 7370 peers (best = lowest)

Current ratio

1.94×

13th of 15 SIC 7370 peers

Quick ratio

1.80×

Net cash

$647.87M

Cash & equivalents minus total debt.

Piotroski F-Score

8 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Capital allocation quality

Composite score

4.3 / 5

Strong
Share count trend(net buybacks)
-8.1%5/5 Strong
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr3/5 Good
Net debt trajectory(deleveraging)
28.4%5/5 Strong

Lifecycle Phase History

20202025
Hypergrowth
Value
Decline
Startup

Price History

SOGP-66.0% · -19.3% CAGRSPY+82.9% · +12.8% CAGR

View full financial statements →

Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports