SONO · Sonos Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.52B | $1.66B | $1.75B | $1.72B | $1.33B |
| Cost of Revenue | $812.75M | $828.68M | $938.76M | $955.97M | $906.75M | $754.37M |
| Gross Profit | $630.53M | $689.37M | $716.49M | $796.37M | $809.99M | $571.96M |
| R&D | $279.97M | $304.56M | $301.00M | $256.07M | $230.08M | $214.67M |
| SG&A | $119.84M | $142.25M | $168.52M | $170.43M | $152.83M | $120.98M |
| Total Operating Expenses | $681.00M | $737.42M | $737.04M | $706.84M | $655.03M | $599.19M |
| D&A | $62.32M | $52.38M | $48.97M | $38.50M | $33.88M | $36.43M |
| Operating Income | ($50.47M) | ($48.05M) | ($20.55M) | $89.53M | $154.96M | ($27.23M) |
| Interest Expense | $465.0K | $441.0K | $733.0K | $552.0K | $592.0K | $1.49M |
| Income Tax | $10.65M | $10.99M | $14.67M | $1.35M | ($1.67M) | $32.0K |
| Net Income | ($61.14M) | ($38.15M) | ($10.27M) | $67.38M | $158.59M | ($20.11M) |
| EPS - Basic | ($0.51) | ($0.31) | ($0.08) | $0.53 | ($0.18) | - |
| EPS - Diluted | ($0.51) | ($0.31) | ($0.08) | $0.49 | ($0.18) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $174.67M | $169.73M | $220.23M | $274.86M | $640.10M | $407.10M |
| Accounts Receivable | $65.85M | $44.51M | $67.58M | $101.21M | $100.78M | $54.94M |
| Inventory | $171.02M | $231.50M | $346.52M | $454.29M | $185.13M | $180.83M |
| Accounts Payable | $184.11M | $194.59M | $187.98M | $335.76M | $215.00M | $250.33M |
| Current Assets | $504.04M | $551.09M | $659.63M | $867.39M | $957.51M | $660.38M |
| Total Assets | $823.28M | $916.31M | $1.00B | $1.19B | $1.14B | $816.05M |
| Current Liabilities | $352.41M | $366.15M | $354.22M | $535.64M | $476.13M | $393.01M |
| Long-term Debt | - | - | - | - | $0 | $18.25M |
| Total Liabilities | $468.05M | $487.69M | $483.58M | $627.88M | $569.76M | $518.21M |
| Stockholders' Equity | $355.23M | $428.62M | $518.66M | $560.51M | $569.04M | $297.84M |
| Retained Earnings | ($112.08M) | ($50.93M) | ($12.79M) | ($2.51M) | ($69.90M) | ($228.49M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $136.87M | $189.91M | $100.41M | ($28.26M) | $253.23M | $161.99M |
| Investing Cash Flow | ($29.52M) | ($105.24M) | ($50.29M) | ($172.63M) | ($45.53M) | ($69.32M) |
| Financing Cash Flow | ($102.34M) | ($137.31M) | ($108.59M) | ($150.26M) | $24.97M | ($27.09M) |
| CapEx | $28.68M | $46.22M | $50.29M | $45.53M | $33.03M | $33.03M |
| Free Cash Flow | $108.19M | $143.69M | $50.12M | ($73.79M) | $220.19M | $128.95M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 43.7% | 45.4% | 43.3% | 45.4% | 47.2% | 43.1% |
| Operating margin | -3.5% | -3.2% | -1.2% | 5.1% | 9.0% | -2.1% |
| EBITDA margin | 0.8% | 0.3% | 1.7% | 7.3% | 11.0% | 0.7% |
| Net margin | -4.2% | -2.5% | -0.6% | 3.8% | 9.2% | -1.5% |
| Free cash flow margin | 7.5% | 9.5% | 3.0% | -4.2% | 12.8% | 9.7% |
| FCF / Net income | -1.77 | -3.77 | -4.88 | -1.10 | 1.39 | -6.41 |
| R&D / Revenue | 19.4% | 20.1% | 18.2% | 14.6% | 13.4% | 16.2% |
| SG&A / Revenue | 8.3% | 9.4% | 10.2% | 9.7% | 8.9% | 9.1% |
| Effective tax rate | - | - | 333.8% | 2.0% | -1.1% | - |
| Return on assets | -7.4% | -4.2% | -1.0% | 5.7% | 13.9% | -2.5% |
| Return on equity | -17.2% | -8.9% | -2.0% | 12.0% | 27.9% | -6.8% |
| Return on invested capital | - | - | - | - | 27.2% | -6.8% |
| Liquidity | ||||||
| Current ratio | 1.43 | 1.51 | 1.86 | 1.62 | 2.01 | 1.68 |
| Quick ratio | 0.94 | 0.87 | 0.88 | 0.77 | 1.62 | 1.22 |
| Cash ratio | 0.50 | 0.46 | 0.62 | 0.51 | 1.34 | 1.04 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | 0.00 | 0.06 |
| Debt / Assets | - | - | - | - | 0.00 | 0.02 |
| Debt / EBITDA | - | - | - | - | 0.00 | 1.99 |
| Interest coverage | -108.5x | -108.9x | -28.0x | 162.2x | 261.8x | -18.3x |
| Equity multiplier | 2.32 | 2.14 | 1.93 | 2.12 | 2.00 | 2.74 |
| Liabilities / Assets | 0.57 | 0.53 | 0.48 | 0.53 | 0.50 | 0.64 |
| Efficiency | ||||||
| Asset turnover | 1.75 | 1.66 | 1.65 | 1.47 | 1.51 | 1.63 |
| Inventory turnover | 4.75 | 3.58 | 2.71 | 2.10 | 4.90 | 4.17 |
| Days sales outstanding | 17d | 11d | 15d | 21d | 21d | 15d |
| Days inventory outstanding | 77d | 102d | 135d | 173d | 75d | 87d |
| Days payable outstanding | 83d | 86d | 73d | 128d | 87d | 121d |
| Cash conversion cycle | 11d | 27d | 77d | 66d | 9d | -19d |
| Valuation | ||||||
| P / E | - | - | - | 28.4x | - | - |
| P / B | 5.4x | 3.5x | 3.2x | 3.4x | 6.2x | - |
| P / S | 1.3x | 1.0x | 1.0x | 1.1x | 2.1x | - |
| EV / EBITDA | 146.2x | 310.4x | 50.3x | 12.8x | 15.4x | - |
| Growth | ||||||
| Revenue growth (YoY) | -4.9% | -8.3% | -5.5% | 2.1% | 29.4% | 5.2% |
| Revenue CAGR (3y) | -6.3% | -4.0% | 7.7% | 11.6% | 26.7% | - |
| Revenue CAGR (5y) | 1.7% | 3.8% | 14.4% | - | - | - |
| Gross profit growth (YoY) | -8.5% | -3.8% | -10.0% | -1.7% | 41.6% | 8.5% |
| Operating income growth (YoY) | -5.0% | -133.8% | - | -42.2% | - | - |
| Net income growth (YoY) | -60.3% | -271.3% | - | -57.5% | - | -322.1% |
| EPS growth (YoY) | -64.5% | -287.5% | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -24.7% | 186.7% | - | - | 70.8% | 32.4% |
| FCF CAGR (5y) | -3.4% | 8.1% | 46.0% | - | - | - |
| Book value growth (YoY) | -17.1% | -17.4% | -7.5% | -1.5% | 91.1% | 6.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-27.
Product / service
$1.44B totalSonos Speakers$1.12B · 77.7%
Sonos System Products$249.24M · 17.3%
Partner Products And Other Revenue$72.23M · 5.0%
Geographic
$2.89B totalAmericas$922.94M · 32.0%
US$855.74M · 29.6%
Non Us$587.54M · 20.4%
EMEA$441.18M · 15.3%
Asia Pacific$79.16M · 2.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
1.89
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Household Audio & Video Equipment
Comparing Sonos Inc against the 5 most active filers in the same SIC group.