Large Language Model (LLM) judges exhibit strong reasoning capabilities but are limited to textual content. This leaves current automatic Speech-to-Speech (S2S) evaluation methods reliant on opaque and expensive Audio Language Models (ALMs). In this work, we propose TRACE (Textual Reasoning over Audio Cues for Evaluation), a novel framework that enables LLM judges to reason over audio cues to achieve cost-efficient and human-aligned S2S evaluation. To demonstrate the strength of the framework, we first introduce a Human Chain-of-Thought (HCoT) annotation protocol to improve the diagnostic capability of existing judge benchmarks by separating evaluation into explicit dimensions: content (C), voice quality (VQ), and paralinguistics (P). Using this data, TRACE constructs a textual blueprint of inexpensive audio signals and prompts an LLM to render dimension-wise judgments, fusing them into an overall rating via a deterministic policy. TRACE achieves higher agreement with human raters than ALMs and transcript-only LLM judges while being significantly more cost-effective. We will release the HCoT annotations and the TRACE framework to enable scalable and human-aligned S2S evaluation.

Recent advances in machine learning have demonstrated that multi-modal pre-training can improve automatic speech recognition (ASR) performance compared to randomly initialized models, even when models are fine-tuned on uni-modal tasks. Existing multi-modal pre-training methods for the ASR task have primarily focused on single-stage pre-training where a single unsupervised task is used for pre-training followed by fine-tuning on the downstream task. In this work, we introduce a novel method combining multi-modal and multi-task unsupervised pre-training with a translation-based supervised mid-training approach. We empirically demonstrate that such a multi-stage approach leads to relative word error rate (WER) improvements of up to 38.45% over baselines on both Librispeech and SUPERB. Additionally, we share several important findings for choosing pre-training methods and datasets.