NASDAQ : SONO
Sonos, Inc. — Financial statements
Technology · Consumer Electronics · United States
Last price 16.17 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.91B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Sonos, Inc. (SONO) reported revenue of 1.49B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.49B | 1.44B | 1.52B | 1.66B | 1.75B | 1.72B |
| Cost of Revenue | 819.54M | 809.33M | 828.68M | 938.76M | 955.97M | 906.75M |
| Gross Profit | 670.80M | 633.95M | 689.37M | 716.49M | 796.37M | 809.99M |
| Selling, General & Admin | 357.62M | 383.51M | 426.75M | 436.04M | 450.76M | 424.95M |
| Research & Development | 248.19M | 267.41M | 298.81M | 301.00M | 256.07M | 230.08M |
| Operating Expenses | 605.81M | 650.93M | 725.57M | 737.04M | 706.84M | 655.03M |
| Operating Income | 65.00M | -16.98M | -36.19M | -20.55M | 89.53M | 154.96M |
| Interest Expense | -459.00K | -465.00K | -441.00K | -733.00K | -552.00K | -592.00K |
| Interest & Investment Income | 6.97M | 6.93M | 11.96M | 10.20M | 1.66M | 146.00K |
| Currency Exchange Gain (Loss) | -3.36M | -6.46M | 9.06M | 13.67M | -21.88M | 2.35M |
| Other Non Operating Income (Expenses) | 1.79M | -42.00K | 309.00K | 1.80M | -28.00K | 54.00K |
| EBT Excluding Unusual Items | 69.94M | -17.01M | -15.30M | 4.39M | 68.73M | 156.93M |
| Merger & Restructuring Charges | -15.34M | -33.49M | -11.85M | |||
| Pretax Income | 70.91M | -50.50M | -27.15M | 4.39M | 68.73M | 156.93M |
| Income Tax Expense | 14.00M | 10.65M | 10.99M | 14.67M | 1.35M | -1.67M |
| Net Income | 56.91M | -61.14M | -38.15M | -10.27M | 67.38M | 158.59M |
| Net Income to Common | 56.91M | -61.14M | -38.15M | -10.27M | 67.38M | 158.59M |
| Shares Outstanding (Basic) | 120.06M | 120.75M | 123.22M | 127.70M | 127.69M | 122.25M |
| Shares Outstanding (Diluted) | 122.22M | 120.75M | 123.22M | 127.70M | 137.76M | 140.31M |
| EPS (Basic) | 0.47 | -0.51 | -0.31 | -0.08 | 0.53 | 1.30 |
| EPS (Diluted) | 0.46 | -0.51 | -0.31 | -0.08 | 0.49 | 1.13 |
| Free Cash Flow | 125.15M | 108.19M | 134.66M | 50.12M | -74.48M | 207.69M |
| Free Cash Flow Per Share | 1.02 | 0.90 | 1.09 | 0.39 | -0.54 | 1.48 |
| Gross Margin | 45.01% | 43.92% | 45.41% | 43.29% | 45.45% | 47.18% |
| Operating Margin | 4.36% | -1.18% | -2.38% | -1.24% | 5.11% | 9.03% |
| Profit Margin | 3.82% | -4.24% | -2.51% | -0.62% | 3.84% | 9.24% |
| Free Cash Flow Margin | 8.40% | 7.50% | 8.87% | 3.03% | -4.25% | 12.10% |
| EBITDA | 111.39M | 41.74M | 12.69M | 24.72M | 128.04M | 188.85M |
| EBITDA Margin | 7.47% | 2.89% | 0.84% | 1.49% | 7.31% | 11.00% |
| D&A For EBITDA | 46.39M | 58.72M | 48.88M | 45.27M | 38.50M | 33.88M |
| EBIT | 65.00M | -16.98M | -36.19M | -20.55M | 89.53M | 154.96M |
| EBIT Margin | 4.36% | -1.18% | -2.38% | -1.24% | 5.11% | 9.03% |
| Effective Tax Rate | 19.74% | 333.82% | 1.96% | |||
| Advertising Expenses | 42.80M | 55.80M | 43.90M | 66.60M | 62.30M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 206.89M | 174.67M | 169.73M | 220.23M | 274.86M | 640.10M |
| Short-Term Investments | 54.13M | 52.86M | 51.43M | |||
| Cash & Short-Term Investments | 261.03M | 227.53M | 221.16M | 220.23M | 274.86M | 640.10M |
| Receivables | 117.19M | 65.85M | 44.51M | 67.58M | 101.21M | 100.78M |
| Inventory | 158.14M | 171.02M | 231.50M | 346.52M | 454.29M | 185.13M |
| Prepaid Expenses | 55.84M | 39.64M | 53.91M | 25.30M | 37.04M | 31.50M |
| Total Current Assets | 592.20M | 504.04M | 551.09M | 659.63M | 867.39M | 957.51M |
| Property, Plant & Equipment | 102.93M | 117.57M | 152.32M | 135.99M | 114.50M | 105.18M |
| Goodwill | 82.85M | 82.85M | 82.85M | 80.42M | 77.30M | 15.54M |
| Other Intangible Assets | 75.34M | 89.45M | 103.38M | 107.98M | 112.76M | 38.75M |
| Long-Term Deferred Tax Assets | 10.04M | 10.51M | 10.31M | 1.66M | 1.51M | 10.03M |
| Other Long-Term Assets | 18.75M | 18.86M | 16.36M | 16.56M | 14.93M | 11.79M |
| Total Assets | 882.12M | 823.28M | 916.31M | 1.00B | 1.19B | 1.14B |
| Accounts Payable | 179.90M | 184.11M | 194.59M | 187.98M | 335.76M | 215.00M |
| Accrued Expenses | 105.03M | 90.29M | 84.40M | 100.39M | 125.83M | 168.78M |
| Current Portion of Leases | 6.63M | 6.33M | 7.55M | 1.15M | 10.53M | 10.72M |
| Current Income Taxes Payable | 14.11M | 10.13M | 19.08M | 11.41M | 7.08M | 16.94M |
| Current Unearned Revenue | 21.99M | 21.77M | 21.80M | 20.19M | 27.32M | 35.87M |
| Other Current Liabilities | 39.14M | 39.77M | 38.73M | 33.10M | 29.12M | 28.82M |
| Total Current Liabilities | 366.80M | 352.41M | 366.15M | 354.22M | 535.64M | 476.13M |
| Long-Term Leases | 50.19M | 53.29M | 56.59M | 54.96M | 25.60M | 33.96M |
| Long-Term Unearned Revenue | 58.52M | 59.45M | 61.08M | 60.65M | 56.15M | 53.63M |
| Long-Term Deferred Tax Liabilities | 113.00K | 126.00K | 60.00K | 9.85M | 9.64M | 2.39M |
| Other Long-Term Liabilities | 2.97M | 2.77M | 3.82M | 3.91M | 846.00K | 3.65M |
| Total Liabilities | 478.59M | 468.05M | 487.69M | 483.58M | 627.88M | 569.76M |
| Common Stock | 121.00K | 123.00K | 123.00K | 130.00K | 130.00K | 129.00K |
| Additional Paid-In Capital | 465.96M | 502.77M | 498.25M | 607.35M | 617.39M | 690.46M |
| Retained Earnings | -17.31M | -112.08M | -50.93M | -12.79M | -2.51M | -69.90M |
| Treasury Stock | -46.53M | -37.40M | -17.10M | -72.59M | -50.90M | -50.28M |
| Comprehensive Income & Other | 1.29M | 1.80M | -1.72M | -3.44M | -3.60M | -1.38M |
| Total Common Equity | 403.53M | 355.23M | 428.62M | 518.66M | 560.51M | 569.04M |
| Shareholders' Equity | 403.53M | 355.23M | 428.62M | 518.66M | 560.51M | 569.04M |
| Total Liabilities & Equity | 882.12M | 823.28M | 916.31M | 1.00B | 1.19B | 1.14B |
| Total Debt | 56.82M | 59.62M | 64.14M | 56.11M | 36.13M | 44.68M |
| Net Cash (Debt) | 204.20M | 167.90M | 157.02M | 164.12M | 238.73M | 595.42M |
| Net Cash Per Share | 1.67 | 1.39 | 1.27 | 1.29 | 1.73 | 4.24 |
| Filing Date Shares Outstanding | 118.29M | 120.24M | 121.76M | 125.15M | 126.69M | 127.13M |
| Total Common Shares Outstanding | 118.27M | 120.09M | 121.76M | 125.11M | 126.67M | 126.99M |
| Working Capital | 225.40M | 151.62M | 184.93M | 305.41M | 331.75M | 481.38M |
| Book Value Per Share | 3.41 | 2.96 | 3.52 | 4.15 | 4.43 | 4.48 |
| Tangible Book Value | 245.33M | 182.92M | 242.39M | 330.26M | 370.45M | 514.75M |
| Tangible Book Value Per Share | 2.07 | 1.52 | 1.99 | 2.64 | 2.92 | 4.05 |
| Machinery | 143.55M | 151.06M | 157.34M | 149.85M | 123.79M | |
| Leasehold Improvements | 45.84M | 52.11M | 53.65M | 49.66M | 49.85M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 56.91M | -61.14M | -38.15M | -10.27M | 67.38M | 158.59M |
| Depreciation & Amortization | 46.39M | 58.72M | 48.88M | 45.27M | 38.50M | 33.88M |
| Other Amortization | 4.20M | 3.60M | 3.50M | 3.70M | ||
| Asset Writedown & Restructuring Costs | 6.68M | 11.92M | 2.20M | 5.53M | ||
| Stock-Based Compensation | 63.16M | 81.56M | 84.29M | 76.86M | 75.64M | 62.13M |
| Other Operating Activities | 10.24M | 14.27M | -13.60M | 18.26M | 20.25M | -3.94M |
| Change in Accounts Receivable | -26.47M | -21.87M | 23.04M | 32.12M | -5.51M | -45.70M |
| Change in Inventory | -43.19M | 51.73M | 106.12M | 87.00M | -277.49M | -7.91M |
| Change in Accounts Payable | 46.92M | -14.44M | -789.00K | -162.34M | 129.69M | 26.23M |
| Change in Unearned Revenue | -1.86M | -2.74M | 304.00K | -4.58M | -1.67M | 27.59M |
| Change in Other Net Operating Assets | -15.90M | 15.26M | -25.90M | 8.86M | -75.05M | 2.35M |
| Operating Cash Flow | 147.09M | 136.87M | 189.91M | 100.41M | -28.26M | 253.23M |
| Capital Expenditures | -21.94M | -28.68M | -55.25M | -50.29M | -46.22M | -45.53M |
| Cash Acquisitions | -126.42M | |||||
| Investment in Securities | -1.37M | -844.00K | -49.99M | |||
| Investing Cash Flow | -23.31M | -29.52M | -105.24M | -50.29M | -172.63M | -45.53M |
| Long-Term Debt Repaid | -25.00M | |||||
| Net Debt Issued (Repaid) | -25.00M | |||||
| Issuance of Common Stock | 24.95M | 4.50M | 17.05M | 21.35M | 40.44M | 147.82M |
| Repurchase of Common Stock | -141.18M | -106.84M | -154.36M | -129.94M | -189.77M | -97.85M |
| Other Financing Activities | -780.00K | -929.00K | ||||
| Financing Cash Flow | -117.01M | -102.34M | -137.31M | -108.59M | -150.26M | 24.97M |
| Foreign Exchange Rate Adjustments | -1.15M | -71.00K | 2.15M | 3.85M | -14.09M | 148.00K |
| Net Cash Flow | 5.62M | 4.94M | -50.50M | -54.62M | -365.25M | 232.81M |
| Free Cash Flow | 125.15M | 108.19M | 134.66M | 50.12M | -74.48M | 207.69M |
| Free Cash Flow Margin | 8.40% | 7.50% | 8.87% | 3.03% | -4.25% | 12.10% |
| Free Cash Flow Per Share | 1.02 | 0.90 | 1.09 | 0.39 | -0.54 | 1.48 |
| Levered Free Cash Flow | 97.41M | 145.20M | 173.54M | 43.33M | -91.88M | 172.79M |
| Unlevered Free Cash Flow | 97.70M | 145.49M | 173.81M | 43.79M | -91.54M | 173.16M |
| Cash Interest Paid | 267.00K | 279.00K | 256.00K | 1.33M | 344.00K | 502.00K |
| Cash Income Tax Paid | 9.27M | 23.95M | 21.21M | 9.52M | 9.31M | 4.11M |
| Change in Working Capital | -40.50M | 27.94M | 102.78M | -38.94M | -230.03M | 2.56M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.89B | 1.85B | 1.47B | 1.66B | 1.77B | 4.06B |
| Enterprise Value | 1.68B | 1.66B | 1.25B | 1.45B | 1.37B | 3.43B |
| Last Close Price | 16.17 | 15.30 | 12.15 | 12.91 | 13.90 | 32.26 |
| PE Ratio | 34.59 | 26.25 | 25.58 | |||
| Forward PE | 17.46 | 20.96 | 34.71 | 14.84 | 11.46 | 22.44 |
| PS Ratio | 1.26 | 1.28 | 0.97 | 1.00 | 1.01 | 2.36 |
| PB Ratio | 4.74 | 5.21 | 3.43 | 3.19 | 3.16 | 7.13 |
| P/TBV Ratio | 7.68 | 10.11 | 6.07 | 5.01 | 4.78 | 7.88 |
| P/FCF Ratio | 15.05 | 17.09 | 10.92 | 33.04 | 19.54 | |
| P/OCF Ratio | 12.81 | 13.51 | 7.74 | 16.49 | 16.02 | |
| PEG Ratio | 0.73 | 1.20 | 0.61 | 1.03 | 1.24 | 0.54 |
| EV/Sales Ratio | 1.13 | 1.15 | 0.83 | 0.87 | 0.78 | 2.00 |
| EV/EBITDA Ratio | 15.08 | 39.71 | 98.89 | 58.49 | 10.66 | 18.18 |
| EV/EBIT Ratio | 25.84 | 15.25 | 22.16 | |||
| EV/FCF Ratio | 13.42 | 15.32 | 9.31 | 28.85 | 16.53 | |
| Debt / Equity Ratio | 0.14 | 0.17 | 0.15 | 0.11 | 0.06 | 0.08 |
| Debt / EBITDA Ratio | 0.47 | 1.07 | 1.98 | 1.31 | 0.25 | 0.22 |
| Debt / FCF Ratio | 0.45 | 0.55 | 0.48 | 1.12 | 0.21 | |
| Net Debt / Equity Ratio | -0.51 | -0.47 | -0.37 | -0.32 | -0.43 | -1.05 |
| Net Debt / EBITDA Ratio | -1.83 | -4.02 | -12.38 | -6.64 | -1.86 | -3.15 |
| Net Debt / FCF Ratio | -1.63 | -1.55 | -1.17 | -3.27 | 3.21 | -2.87 |
| Asset Turnover | 1.74 | 1.66 | 1.58 | 1.51 | 1.51 | 1.76 |
| Inventory Turnover | 5.99 | 4.02 | 2.87 | 2.35 | 2.99 | 4.96 |
| Quick Ratio | 1.03 | 0.83 | 0.73 | 0.81 | 0.70 | 1.56 |
| Current Ratio | 1.61 | 1.43 | 1.50 | 1.86 | 1.62 | 2.01 |
| Return on Equity (ROE) | 14.18% | -15.60% | -8.05% | -1.90% | 11.93% | 36.59% |
| Return on Assets (ROA) | 4.73% | -1.22% | -2.36% | -1.17% | 4.81% | 9.91% |
| Return on Invested Capital (ROIC) | 26.52% | -7.40% | -11.56% | 14.21% | 27.28% | |
| Return on Capital Employed (ROCE) | 12.60% | -3.60% | -6.60% | -3.20% | 13.70% | 23.40% |
| Earnings Yield | 2.89% | -3.31% | -2.59% | -0.62% | 3.81% | 3.91% |
| FCF Yield | 6.64% | 5.85% | 9.16% | 3.03% | -4.21% | 5.12% |
| Buyback Yield / Dilution | -1.05% | 2.00% | 3.51% | 7.30% | 1.81% | -27.78% |