Sonos Inc

Listed Company

SONOCIK 0001314727NasdaqLarge AcceleratedHousehold Audio & Video EquipmentDelawareFY ends Oct 3

Period

FY 2025

Revenue

$1.44B

Net Income

$-61.14M

Total Assets

$823.28M

Equity

$355.23M

Shares Out

120.87M

Op. Cash Flow

$136.87M

Business

Sonos Inc is an audio company that develops and sells connected sound systems and related software to elevate home audio experiences. It offers a portfolio of hardware including all‑in‑one speakers, portable speakers, home theater soundbars and subwoofers, headphones, and system components (Amplifier and Port), alongside accessories, partner products, licensing, advertising and subscription services. Its business is organized across product categories—Sonos speakers, Sonos system products, partner products and software—that integrate into a single platform. Products are sold globally through retailers, online channels, custom installers and direct-to-consumer distribution in more than 60 countries.

Summary from filing dated 2025-11-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Revenue	1,443	1,518	1,655	1,752	1,717
Cost of revenue	813	829	939	956	907
Gross profit	631	689	716	796	810
Research and development	280	305	301	256	230
Sales and marketing	281	291	268	280	272
General and administrative	120	142	169	170	153
Total operating expenses	681	737	737	707	655
Operating loss	−50	−48	−21	90	155
Interest income	7	12	10	2	146,000
Interest expense	−465,000	−441,000	−733,000	−552,000	—
Other income (expense)	−6	9	15	−22	2
Total other income (expense), net	−29,000	21	25	−21	2
Income (loss) before provision for income taxes	−50	−27	4	69	157
Provision for income taxes	11	11	15	1	−2
Net loss	−61	−38	−10	67	159
Loss per share - basic (in USD per share)	−0.51	−0.31	−0.08	0.53	1.3
Loss per share - diluted (in USD per share)	−0.51	−0.31	−0.08	0.49	1.13
Weighted-average shares used in computing loss per share - basic (in shares)	121	123	128	128	122
Weighted-average shares used in computing loss per share - diluted (in shares)	121	123	128	138	140
Change in foreign currency translation adjustment	4	2	153,000	−2	514,000
Net unrealized gain (loss) on marketable securities	−98,000	122,000	0	0	—
Comprehensive loss	−58	−36	−10	65	159

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	175	170	220	275	640
Marketable securities	53	51	0	—	—
Accounts receivable, net of allowances of $66,098 and $51,741 as of September 27, 2025, and September 28, 2024, respectively	66	45	68	101	101
Inventories	171	232	347	454	185
Prepaid and other current assets	40	54	25	37	32
Total current assets	504	551	660	867	958
Property and equipment, net	72	102	87	86	71
Operating lease right-of-use assets	45	50	49	28	34
Goodwill	83	83	80	77	16
In-process research and development	0	74	70	—	—
Other intangible assets	75	14	20	26	4
Deferred tax assets	11	10	2	2	10
Other noncurrent assets	33	32	35	37	26
Total assets	823	916	1,002	1,188	1,139
Accounts payable	184	195	188	336	215
Accrued expenses	79	88	90	109	108
Accrued compensation	21	16	22	24	78
Deferred revenue, current	22	22	20	27	36
Other current liabilities	46	46	34	40	40
Total current liabilities	352	366	354	536	476
Operating lease liabilities, noncurrent	53	57	55	26	34
Deferred revenue, noncurrent	59	61	61	56	54
Deferred tax liabilities	126,000	60,000	10	10	2
Other noncurrent liabilities	3	4	4	846,000	4
Total liabilities	468	488	484	628	570
Commitments and contingencies (Note 12)	—	—	—	—	—
Common stock, $0.001 par value; 500,000,000 shares authorized, 122,881,915 and 123,046,510 shares issued, 120,093,113 and 121,763,776 shares outstanding as of September 27, 2025, and September 28, 2024, respectively	123,000	123,000	130,000	130,000	129,000
Treasury stock, 2,788,802 and 1,282,734 shares at cost as of September 27, 2025 and September 28, 2024, respectively	−37	−17	−73	−51	−50
Additional paid-in capital	503	498	607	617	690
Accumulated deficit	−112	−51	−13	−3	−70
Accumulated other comprehensive income (loss)	2	−2	−3	−4	−1
Total stockholders' equity	355	429	519	561	569
Total liabilities and stockholders equity	823	916	1,002	1,188	1,139

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	62	52	49	39	34
Restructuring and other charges	12	2	6	0	—
Stock-based compensation expense	82	84	77	76	62
Provision for inventory obsolescence	8	9	21	6	3
Other	4	4	6	5	3
Deferred income taxes	8,000	−19	−583,000	−2	−8
Foreign currency transaction (gain) loss	2	−7	−7	11	−1
Accounts receivable, net	−22	23	32	−6	−46
Inventories	52	106	87	−277	−8
Other assets	10	−29	10	−17	−30
Accounts payable and accrued expenses	−14	−789,000	−162	130	26
Accrued compensation	5	−7	−2	−53	33
Deferred revenue	−3	304,000	−5	−2	28
Other liabilities	−459,000	10	576,000	−6	−1
Net cash provided by operating activities	137	190	100	−28	253
Purchases of marketable securities	−58	−90	0	0	—
Purchases of property and equipment	−29	−55	−50	−46	−46
Maturities of marketable securities	57	41	0	0	—
Net cash used in investing activities	−30	−105	−50	−173	−46
Payments for debt issuance costs	0	0	0	−929,000	—
Proceeds from exercise of stock options	5	17	21	40	148
Payments for repurchase of common stock	−81	−129	−100	−150	−50
Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of RSUs	−26	−25	−30	−40	—
Net cash used in financing activities	−102	−137	−109	−150	25
Effect of exchange rate changes on cash and cash equivalents	−71,000	2	4	−14	148,000
Net increase (decrease) in cash and cash equivalents	5	−50	−55	−365	233
Cash paid for interest	279,000	256,000	1	344,000	502,000
Cash paid for taxes, net of refunds	24	21	10	9	4
Cash paid for amounts included in the measurement of lease liabilities, net of tenant improvement reimbursements received	7	11	14	—	—
Purchases of property and equipment, accrued but not paid	5	8	3	9	6
Right-of-use assets obtained in exchange for lease liabilities	1	11	32	5	2
Excise tax on share repurchases, accrued but not paid	281,000	602,000	0	0	—
Change in estimate of asset retirement obligations	0	0	2	0	—

Filings

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