Sonos (SONO) Financials

$10.47 +0.16 (+1.55%)

Closing price 04:00 PM Eastern

Extended Trading

$10.61 +0.14 (+1.35%)

As of 06:39 PM Eastern

Annual Income Statements for Sonos

This table shows Sonos' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	9/28/2024	9/30/2023	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	-38	-10	67
Consolidated Net Income / (Loss)	-38	-10	67
Net Income / (Loss) Continuing Operations	-38	-10	67
Total Pre-Tax Income	-27	4.39	69
Total Operating Income	-48	-21	90
Total Gross Profit	689	716	796
Total Revenue	1,518	1,655	1,752
Operating Revenue	1,518	1,655	1,752
Total Cost of Revenue	829	939	956
Operating Cost of Revenue	829	939	956
Total Operating Expenses	737	737	707
Selling, General & Admin Expense	142	169	170
Marketing Expense	291	268	280
Research & Development Expense	305	301	256
Total Other Income / (Expense), net	21	25	-21
Interest Expense	0.44	0.73	0.55
Interest & Investment Income	12	10	1.66
Other Income / (Expense), net	9.37	15	-22
Income Tax Expense	11	15	1.35
Basic Earnings per Share	($0.31)	($0.08)	$0.53
Weighted Average Basic Shares Outstanding	123.22M	127.70M	127.69M
Diluted Earnings per Share	($0.31)	($0.08)	$0.49
Weighted Average Diluted Shares Outstanding	123.22M	127.70M	137.76M
Weighted Average Basic & Diluted Shares Outstanding	121.76M	125.15M	126.69M

This table shows Sonos' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Income / (Loss) Attributable to Common Shareholders	-70	50	-53	3.71	-70	81	-31	-24	-31	75	-64
Consolidated Net Income / (Loss)	-70	50	-53	3.71	-70	81	-31	-24	-31	75	-64
Net Income / (Loss) Continuing Operations	-70	50	-53	3.71	-70	81	-31	-24	-31	75	-64
Total Pre-Tax Income	-59	44	-62	13	-70	93	-33	-18	-57	112	-68
Total Operating Income	-61	48	-69	13	-71	80	-28	-21	-57	86	-60
Total Gross Profit	114	241	103	192	112	283	128	172	132	285	124
Total Revenue	260	551	255	397	253	613	305	373	304	673	316
Operating Revenue	260	551	255	397	253	613	305	373	304	673	316
Total Cost of Revenue	146	309	152	206	141	330	177	202	173	388	192
Operating Cost of Revenue	146	309	152	206	141	330	177	202	173	388	192
Total Operating Expenses	175	193	172	179	183	203	156	193	189	199	184
Selling, General & Admin Expense	33	26	28	33	41	40	32	49	44	43	44
Marketing Expense	64	87	73	72	62	84	59	67	64	79	73
Research & Development Expense	77	81	71	74	80	79	66	78	81	77	67
Total Other Income / (Expense), net	2.06	-4.28	7.08	0.06	0.51	13	-4.18	3.54	0.20	25	-7.46
Interest Expense	0.11	0.11	0.11	0.11	0.12	0.11	0.15	0.27	0.15	0.16	0.17
Interest & Investment Income	1.97	1.86	2.33	2.63	3.93	3.08	2.66	2.39	3.18	1.97	1.07
Other Income / (Expense), net	0.19	-6.03	4.86	-2.46	-3.30	10	-6.70	1.42	-2.83	24	-8.36
Income Tax Expense	11	-6.42	-9.19	8.94	-0.74	12	-1.31	5.85	-26	37	-3.46
Basic Earnings per Share	($0.58)	$0.41	($0.43)	$0.03	($0.56)	$0.65	($0.25)	($0.18)	($0.24)	$0.59	($0.51)
Weighted Average Basic Shares Outstanding	119.92M	122.07M	123.22M	122.55M	123.75M	125.18M	127.70M	128.31M	127.95M	127.21M	127.69M
Diluted Earnings per Share	($0.58)	$0.40	($0.42)	$0.03	($0.56)	$0.64	($0.23)	($0.18)	($0.24)	$0.57	($0.44)
Weighted Average Diluted Shares Outstanding	119.92M	124.73M	123.22M	127.25M	123.75M	126.74M	127.70M	128.31M	127.95M	131.50M	137.76M
Weighted Average Basic & Diluted Shares Outstanding	120.09M	119.08M	121.76M	121.01M	122.90M	123.84M	125.15M	128.26M	128.32M	127.35M	126.69M

This table details how cash moves in and out of Sonos' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	9/28/2024	9/30/2023	10/1/2022
Net Change in Cash & Equivalents	-50	-55	-365
Net Cash From Operating Activities	190	100	-28
Net Cash From Continuing Operating Activities	190	100	-28
Net Income / (Loss) Continuing Operations	-38	-10	67
Consolidated Net Income / (Loss)	-38	-10	67
Depreciation Expense	52	49	39
Non-Cash Adjustments To Reconcile Net Income	88	96	93
Changes in Operating Assets and Liabilities, net	88	-34	-227
Net Cash From Investing Activities	-105	-50	-173
Net Cash From Continuing Investing Activities	-105	-50	-173
Purchase of Property, Plant & Equipment	-55	-50	-46
Acquisitions	0.00	0.00	-126
Purchase of Investments	-90	0.00	0.00
Sale and/or Maturity of Investments	41	0.00	0.00
Net Cash From Financing Activities	-137	-109	-150
Net Cash From Continuing Financing Activities	-137	-109	-150
Repayment of Debt	0.00	0.00	-0.93
Repurchase of Common Equity	-129	-100	-150
Other Financing Activities, net	-8.29	-8.53	0.79
Effect of Exchange Rate Changes	2.15	3.85	-14
Cash Interest Paid	0.26	1.33	0.34
Cash Income Taxes Paid	21	9.52	9.31

This table details how cash moves in and out of Sonos' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Net Change in Cash & Equivalents	-107	110	-57	-19	-221	247	-48	-27	-137	157	-165
Net Cash From Operating Activities	-60	156	-38	63	-111	275	22	8.89	-113	182	-104
Net Cash From Continuing Operating Activities	-60	156	-38	63	-111	275	22	8.89	-113	182	-104
Net Income / (Loss) Continuing Operations	-70	50	-53	3.71	-70	81	-31	-24	-31	75	-64
Consolidated Net Income / (Loss)	-70	50	-53	3.71	-70	81	-31	-24	-31	75	-64
Depreciation Expense	15	18	17	12	11	12	14	12	12	11	11
Non-Cash Adjustments To Reconcile Net Income	21	29	24	19	27	18	29	25	34	7.70	31
Changes in Operating Assets and Liabilities, net	-26	60	-25	28	-80	165	11	-4.69	-128	88	-81
Net Cash From Investing Activities	-7.83	-9.33	-17	-27	-55	-6.08	-10	-17	-8.71	-15	-21
Net Cash From Continuing Investing Activities	-7.83	-9.33	-17	-27	-55	-6.08	-10	-17	-8.71	-15	-21
Purchase of Property, Plant & Equipment	-5.56	-13	-16	-23	-10	-6.08	-10	-17	-8.71	-15	-21
Purchase of Investments	-16	-10	-22	-23	-	0.00	-	-	-	-	-
Sale and/or Maturity of Investments	14	14	21	-	-	0.00	-	-	-	-	-
Net Cash From Financing Activities	-40	-34	-4.13	-56	-54	-24	-60	-18	-15	-15	-36
Net Cash From Continuing Financing Activities	-40	-34	-4.13	-56	-54	-24	-60	-18	-15	-15	-36
Repurchase of Common Equity	-33	-27	-0.28	-52	-53	-23	-55	-15	-15	-15	-33
Other Financing Activities, net	-6.96	-6.63	-3.85	-3.11	-1.13	-0.21	-4.66	-3.26	-0.34	-0.27	-3.06
Effect of Exchange Rate Changes	1.09	-2.82	1.57	-0.12	-0.77	1.48	-0.39	-0.53	0.37	4.40	-3.60
Cash Interest Paid	0.06	0.06	0.06	0.06	0.08	0.06	0.55	0.45	0.22	0.11	0.12
Cash Income Taxes Paid	16	0.66	4.07	4.89	8.56	3.68	4.31	-1.18	4.50	1.90	0.44

This table presents Sonos' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	9/28/2024	9/30/2023	10/1/2022
Total Assets	916	1,002	1,188
Total Current Assets	551	660	867
Cash & Equivalents	170	220	275
Short-Term Investments	51	0.00	-
Accounts Receivable	45	68	101
Inventories, net	232	347	454
Prepaid Expenses	54	25	37
Plant, Property, & Equipment, net	102	87	86
Total Noncurrent Assets	263	256	235
Goodwill	83	80	77
Intangible Assets	14	20	26
Noncurrent Deferred & Refundable Income Taxes	10	1.66	1.51
Other Noncurrent Operating Assets	156	153	130
Total Liabilities & Shareholders' Equity	916	1,002	1,188
Total Liabilities	488	484	628
Total Current Liabilities	366	354	536
Accounts Payable	195	188	336
Accrued Expenses	88	90	109
Current Deferred Revenue	22	20	27
Current Employee Benefit Liabilities	16	22	24
Other Current Liabilities	46	34	40
Total Noncurrent Liabilities	122	129	92
Noncurrent Deferred Revenue	61	61	56
Noncurrent Deferred & Payable Income Tax Liabilities	0.06	9.85	9.64
Other Noncurrent Operating Liabilities	60	59	26
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	429	519	561
Total Preferred & Common Equity	429	519	561
Total Common Equity	429	519	561
Common Stock	498	607	618
Retained Earnings	-51	-13	-2.51
Treasury Stock	-17	-73	-51
Accumulated Other Comprehensive Income / (Loss)	-1.72	-3.44	-3.60

This table presents Sonos' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/29/2025	12/28/2024	6/29/2024	3/30/2024	12/30/2023	7/1/2023	4/1/2023	12/31/2022	7/2/2022
Total Assets	792	964	961	926	1,110	1,065	1,059	1,207	1,243
Total Current Assets	453	613	604	583	759	708	737	882	923
Cash & Equivalents	173	280	227	246	467	268	295	432	440
Short-Term Investments	50	48	50	46	-	-	-	-	-
Accounts Receivable	40	85	132	70	81	115	84	110	125
Inventories, net	138	141	155	180	173	298	326	306	336
Prepaid Expenses	51	59	41	42	38	27	31	35	23
Plant, Property, & Equipment, net	86	95	103	88	87	94	87	85	76
Total Noncurrent Assets	253	256	254	254	264	263	235	240	244
Goodwill	83	83	81	81	82	82	82	81	80
Intangible Assets	81	84	16	17	92	22	23	25	97
Noncurrent Deferred & Refundable Income Taxes	9.20	9.65	1.64	1.64	1.71	1.44	1.53	1.42	1.80
Other Noncurrent Operating Assets	80	79	155	154	89	158	129	133	65
Total Liabilities & Shareholders' Equity	792	964	961	926	1,110	1,065	1,059	1,207	1,243
Total Liabilities	409	494	497	432	516	475	446	574	600
Total Current Liabilities	290	373	367	303	376	345	352	478	505
Accounts Payable	118	162	179	121	176	149	184	236	308
Accrued Expenses	74	109	89	72	98	92	76	138	108
Current Deferred Revenue	21	21	21	21	21	20	20	20	18
Current Employee Benefit Liabilities	26	29	33	38	28	45	30	26	27
Other Current Liabilities	51	52	45	50	53	39	42	57	44
Total Noncurrent Liabilities	120	122	130	128	140	131	94	96	95
Noncurrent Deferred Revenue	60	61	62	63	65	62	62	62	57
Noncurrent Deferred & Payable Income Tax Liabilities	0.31	0.18	11	9.97	10	12	12	10	11
Other Noncurrent Operating Liabilities	59	61	57	56	64	56	20	23	27
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	383	469	464	494	594	590	613	633	643
Total Preferred & Common Equity	383	469	464	494	594	590	613	633	643
Total Common Equity	383	469	464	494	594	590	613	633	643
Common Stock	508	521	538	578	569	610	614	607	650
Retained Earnings	-71	-0.70	2.16	-1.55	68	18	42	73	62
Treasury Stock	-52	-49	-72	-78	-39	-32	-36	-35	-65
Accumulated Other Comprehensive Income / (Loss)	-2.30	-2.92	-3.74	-4.42	-4.31	-5.48	-6.28	-11	-3.35

This table displays calculated financial ratios and metrics derived from Sonos' official financial filings.

Metric	2024	2023	2022
Period end date	9/28/2024	9/30/2023	10/1/2022
Growth Metrics	-	-	-
Revenue Growth	-8.29%	-5.54%	2.07%
EBITDA Growth	-68.78%	-58.64%	-44.51%
EBIT Growth	-662.22%	-107.50%	-57.03%
NOPAT Growth	-170.00%	-45.27%	-43.95%
Net Income Growth	-271.29%	-115.25%	-57.51%
EPS Growth	-287.50%	-116.33%	-56.64%
Operating Cash Flow Growth	89.14%	455.29%	-111.16%
Free Cash Flow Firm Growth	62.53%	113.12%	-287.89%
Invested Capital Growth	-30.48%	4.47%	502.00%
Revenue Q/Q Growth	-3.17%	-0.67%	-2.41%
EBITDA Q/Q Growth	-65.61%	491.90%	-32.84%
EBIT Q/Q Growth	-319.10%	86.80%	-44.68%
NOPAT Q/Q Growth	-175.92%	231.36%	-36.57%
Net Income Q/Q Growth	-134.14%	76.16%	-45.09%
EPS Q/Q Growth	-158.33%	72.41%	-39.51%
Operating Cash Flow Q/Q Growth	-23.99%	490.59%	-134.40%
Free Cash Flow Firm Q/Q Growth	-67.87%	122.69%	-81.23%
Invested Capital Q/Q Growth	10.49%	-7.30%	40.71%
Profitability Metrics	-	-	-
Gross Margin	45.41%	43.29%	45.45%
EBITDA Margin	0.90%	2.65%	6.06%
Operating Margin	-3.17%	-1.24%	5.11%
EBIT Margin	-2.55%	-0.31%	3.86%
Profit (Net Income) Margin	-2.51%	-0.62%	3.85%
Tax Burden Percent	140.50%	-233.82%	98.04%
Interest Burden Percent	70.20%	-86.60%	101.63%
Effective Tax Rate	0.00%	333.82%	1.96%
Return on Invested Capital (ROIC)	-13.30%	16.45%	81.81%
ROIC Less NNEP Spread (ROIC-NNEP)	-11.25%	40.01%	86.26%
Return on Net Nonoperating Assets (RNNOA)	5.24%	-18.35%	-69.88%
Return on Equity (ROE)	-8.05%	-1.90%	11.93%
Cash Return on Invested Capital (CROIC)	22.67%	12.08%	-94.15%
Operating Return on Assets (OROA)	-4.03%	-0.46%	5.81%
Return on Assets (ROA)	-3.98%	-0.94%	5.79%
Return on Common Equity (ROCE)	-8.05%	-1.90%	11.93%
Return on Equity Simple (ROE_SIMPLE)	-8.90%	-1.98%	12.02%
Net Operating Profit after Tax (NOPAT)	-34	48	88
NOPAT Margin	-2.22%	2.90%	5.01%
Net Nonoperating Expense Percent (NNEP)	-2.05%	-23.56%	-4.46%
Cost of Revenue to Revenue	54.59%	56.71%	54.55%
SG&A Expenses to Revenue	9.37%	10.18%	9.73%
R&D to Revenue	20.06%	18.18%	14.61%
Operating Expenses to Revenue	48.58%	44.53%	40.34%
Earnings before Interest and Taxes (EBIT)	-39	-5.07	68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14	44	106
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	3.43	3.19	3.16
Price to Tangible Book Value (P/TBV)	4.44	3.96	3.87
Price to Revenue (P/Rev)	0.97	1.00	1.01
Price to Earnings (P/E)	0.00	0.00	26.25
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	3.81%
Enterprise Value to Invested Capital (EV/IC)	6.02	4.81	5.23
Enterprise Value to Revenue (EV/Rev)	0.82	0.87	0.85
Enterprise Value to EBITDA (EV/EBITDA)	91.16	32.70	14.08
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	22.09
Enterprise Value to NOPAT (EV/NOPAT)	0.00	29.88	17.02
Enterprise Value to Operating Cash Flow (EV/OCF)	6.58	14.30	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	21.79	40.70	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00
Financial Leverage	-0.47	-0.46	-0.81
Leverage Ratio	2.03	2.03	2.06
Compound Leverage Factor	1.42	-1.76	2.09
Debt to Total Capital	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00
Altman Z-Score	3.49	4.04	3.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.51	1.86	1.62
Quick Ratio	0.73	0.81	0.70
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	57	35	-269
Operating Cash Flow to CapEx	343.74%	199.67%	-61.15%
Free Cash Flow to Firm to Interest Expense	130.00	48.12	-487.21
Operating Cash Flow to Interest Expense	430.63	136.98	-51.20
Operating Cash Flow Less CapEx to Interest Expense	305.35	68.38	-134.92
Efficiency Ratios	-	-	-
Asset Turnover	1.58	1.51	1.51
Accounts Receivable Turnover	27.08	19.61	17.35
Inventory Turnover	2.87	2.34	2.99
Fixed Asset Turnover	16.05	19.11	22.25
Accounts Payable Turnover	4.33	3.58	3.47
Days Sales Outstanding (DSO)	13.48	18.61	21.04
Days Inventory Outstanding (DIO)	127.30	155.68	122.07
Days Payable Outstanding (DPO)	84.25	101.82	105.14
Cash Conversion Cycle (CCC)	56.52	72.47	37.96
Capital & Investment Metrics	-	-	-
Invested Capital	207	298	286
Invested Capital Turnover	6.00	5.67	16.33
Increase / (Decrease) in Invested Capital	-91	13	357
Enterprise Value (EV)	1,249	1,436	1,494
Market Capitalization	1,470	1,656	1,769
Book Value per Share	$3.54	$4.04	$4.40
Tangible Book Value per Share	$2.74	$3.26	$3.59
Total Capital	429	519	561
Total Debt	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00
Net Debt	-221	-220	-275
Capital Expenditures (CapEx)	55	50	46
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-36	85	57
Debt-free Net Working Capital (DFNWC)	185	305	332
Net Working Capital (NWC)	185	305	332
Net Nonoperating Expense (NNE)	4.51	58	20
Net Nonoperating Obligations (NNO)	-221	-220	-275
Total Depreciation and Amortization (D&A)	52	49	39
Debt-free, Cash-free Net Working Capital to Revenue	-2.39%	5.15%	3.25%
Debt-free Net Working Capital to Revenue	12.18%	18.45%	18.93%
Net Working Capital to Revenue	12.18%	18.45%	18.93%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.31)	($0.08)	$0.53
Adjusted Weighted Average Basic Shares Outstanding	123.22M	127.70M	127.69M
Adjusted Diluted Earnings per Share	($0.31)	($0.08)	$0.49
Adjusted Weighted Average Diluted Shares Outstanding	123.22M	127.70M	137.76M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	121.76M	125.15M	126.69M
Normalized Net Operating Profit after Tax (NOPAT)	-34	-14	88
Normalized NOPAT Margin	-2.22%	-0.87%	5.01%
Pre Tax Income Margin	-1.79%	0.27%	3.92%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-87.70	-6.92	122.51
NOPAT to Interest Expense	-76.26	65.54	159.02
EBIT Less CapEx to Interest Expense	-212.98	-75.53	38.79
NOPAT Less CapEx to Interest Expense	-201.54	-3.06	75.29
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-338.22%	-973.95%	222.79%

This table displays calculated financial ratios and metrics derived from Sonos' official financial filings.

Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022
Period end date	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.81%	-10.12%	-16.31%	6.37%	-16.93%	-8.88%	-3.52%	0.42%	-23.92%	1.22%	-12.03%
EBITDA Growth	27.22%	-41.41%	-123.62%	390.48%	-30.35%	-15.84%	63.31%	-226.94%	-378.87%	-13.81%	-907.22%
EBIT Growth	17.82%	-53.25%	-83.99%	151.04%	-23.65%	-18.12%	48.77%	-584.51%	-873.84%	-16.24%	-395.35%
NOPAT Growth	13.72%	-20.56%	-144.57%	124.81%	-24.00%	19.47%	52.78%	-405.47%	-462.96%	-53.47%	-420.30%
Net Income Growth	-0.62%	-37.94%	-69.96%	115.74%	-127.42%	7.66%	51.24%	-3,848.24%	-457.83%	-39.11%	-632.70%
EPS Growth	-3.57%	-37.50%	-82.61%	116.67%	-133.33%	12.28%	47.73%	0.00%	-500.00%	-34.48%	-266.67%
Operating Cash Flow Growth	46.36%	-43.29%	-270.01%	614.34%	1.52%	51.08%	121.36%	232.31%	-15.79%	1.31%	-1,702.42%
Free Cash Flow Firm Growth	-99.64%	-71.60%	229.99%	203.03%	122.49%	165.97%	91.82%	52.54%	-157.71%	-484.83%	-1,749.90%
Invested Capital Growth	-21.29%	11.18%	-30.48%	-41.68%	-36.35%	-37.04%	4.47%	58.58%	389.75%	369.78%	502.00%
Revenue Q/Q Growth	-52.85%	115.70%	-35.70%	57.18%	-58.77%	100.84%	-18.27%	22.74%	-54.78%	112.65%	-14.93%
EBITDA Q/Q Growth	-176.86%	226.21%	-313.39%	135.16%	-161.88%	581.68%	-177.19%	84.22%	-139.95%	310.01%	-1,058.94%
EBIT Q/Q Growth	-245.09%	165.21%	-737.10%	113.63%	-182.54%	356.62%	-76.74%	66.97%	-154.66%	260.58%	-2,261.21%
NOPAT Q/Q Growth	-177.72%	213.56%	-1,415.36%	107.43%	-171.56%	449.60%	-33.41%	62.85%	-168.95%	238.18%	-962.99%
Net Income Q/Q Growth	-239.63%	194.62%	-1,531.46%	105.32%	-186.12%	359.12%	-32.53%	23.10%	-140.77%	217.36%	-10,631.49%
EPS Q/Q Growth	-245.00%	195.24%	-1,500.00%	105.36%	-187.50%	378.26%	-27.78%	25.00%	-142.11%	229.55%	0.00%
Operating Cash Flow Q/Q Growth	-138.21%	513.88%	-159.44%	157.07%	-140.39%	1,140.82%	149.75%	107.87%	-161.97%	275.42%	-1,447.07%
Free Cash Flow Firm Q/Q Growth	-99.43%	-3.46%	-69.24%	109.11%	-54.27%	541.92%	75.62%	54.36%	-34.15%	45.20%	-41.45%
Invested Capital Q/Q Growth	12.80%	-31.91%	10.49%	-7.25%	59.32%	-57.42%	-7.30%	1.22%	57.59%	-29.35%	40.71%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	43.74%	43.82%	40.34%	48.25%	44.34%	46.12%	41.96%	46.00%	43.27%	42.38%	39.24%
EBITDA Margin	-17.66%	10.83%	-18.51%	5.58%	-24.94%	16.62%	-6.93%	-2.04%	-15.89%	17.99%	-18.22%
Operating Margin	-23.57%	8.73%	-27.16%	3.17%	-28.09%	13.00%	-9.30%	-5.69%	-18.81%	12.83%	-18.99%
EBIT Margin	-23.50%	7.64%	-25.26%	2.55%	-29.39%	14.68%	-11.49%	-5.31%	-19.74%	16.34%	-21.63%
Profit (Net Income) Margin	-27.00%	9.12%	-20.79%	0.93%	-27.59%	13.21%	-10.24%	-6.31%	-10.08%	11.18%	-20.26%
Tax Burden Percent	118.55%	114.66%	85.24%	29.32%	98.95%	87.10%	95.98%	133.02%	53.75%	67.32%	94.88%
Interest Burden Percent	96.95%	104.16%	96.56%	124.92%	94.87%	103.30%	92.83%	89.33%	94.96%	101.65%	98.68%
Effective Tax Rate	0.00%	-14.66%	0.00%	70.68%	0.00%	12.90%	0.00%	0.00%	0.00%	32.68%	0.00%
Return on Invested Capital (ROIC)	-133.45%	108.63%	-114.12%	5.72%	-116.64%	109.89%	-36.88%	-25.31%	-114.50%	239.46%	-217.09%
ROIC Less NNEP Spread (ROIC-NNEP)	-122.85%	109.87%	-112.06%	5.71%	-109.81%	107.32%	-32.28%	-22.85%	-116.58%	236.58%	-212.28%
Return on Net Nonoperating Assets (RNNOA)	72.16%	-82.15%	52.22%	-2.95%	58.17%	-78.57%	14.81%	13.12%	81.83%	-213.69%	171.95%
Return on Equity (ROE)	-61.28%	26.49%	-61.90%	2.77%	-58.47%	31.32%	-22.07%	-12.18%	-32.67%	25.77%	-45.14%
Cash Return on Invested Capital (CROIC)	-3.23%	-52.14%	22.67%	70.03%	33.42%	33.90%	12.08%	-59.24%	-140.96%	-128.77%	-94.15%
Operating Return on Assets (OROA)	-40.02%	10.72%	-39.97%	3.95%	-45.73%	20.22%	-17.36%	-7.67%	-28.77%	22.30%	-32.58%
Return on Assets (ROA)	-46.00%	12.81%	-32.90%	1.45%	-42.92%	18.19%	-15.47%	-9.11%	-14.68%	15.26%	-30.50%
Return on Common Equity (ROCE)	-61.28%	26.49%	-61.90%	2.77%	-58.47%	31.32%	-22.07%	-12.18%	-32.67%	25.77%	-45.14%
Return on Equity Simple (ROE_SIMPLE)	-18.10%	-14.68%	0.00%	-3.51%	-8.82%	-0.76%	0.00%	-7.30%	-3.28%	3.01%	0.00%
Net Operating Profit after Tax (NOPAT)	-43	55	-49	3.69	-50	69	-20	-15	-40	58	-42
NOPAT Margin	-16.50%	10.01%	-19.01%	0.93%	-19.66%	11.33%	-6.51%	-3.99%	-13.17%	8.64%	-13.29%
Net Nonoperating Expense Percent (NNEP)	-10.60%	-1.23%	-2.05%	0.01%	-6.83%	2.57%	-4.60%	-2.45%	2.09%	2.88%	-4.81%
Return On Investment Capital (ROIC_SIMPLE)	-11.19%	11.75%	-	-	-	11.68%	-	-	-	-	-
Cost of Revenue to Revenue	56.26%	56.18%	59.66%	51.75%	55.66%	53.88%	58.04%	54.00%	56.73%	57.62%	60.76%
SG&A Expenses to Revenue	12.78%	4.69%	11.13%	8.36%	16.16%	6.49%	10.58%	13.03%	14.61%	6.41%	13.99%
R&D to Revenue	29.81%	14.68%	27.71%	18.69%	31.79%	12.93%	21.47%	20.83%	26.56%	11.44%	21.27%
Operating Expenses to Revenue	67.31%	35.09%	67.50%	45.08%	72.43%	33.12%	51.26%	51.70%	62.08%	29.55%	58.23%
Earnings before Interest and Taxes (EBIT)	-61	42	-65	10	-74	90	-35	-20	-60	110	-68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-46	60	-47	22	-63	102	-21	-7.63	-48	121	-58
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.35	3.90	3.43	3.91	4.78	3.70	3.19	3.55	4.08	3.38	3.16
Price to Tangible Book Value (P/TBV)	5.87	6.06	4.44	4.93	5.97	5.23	3.96	4.31	4.92	4.06	3.87
Price to Revenue (P/Rev)	0.88	1.26	0.97	1.16	1.53	1.38	1.00	1.26	1.50	1.22	1.01
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	26.25
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.81%
Enterprise Value to Invested Capital (EV/IC)	6.65	10.63	6.02	8.19	10.22	13.62	4.81	5.68	6.93	8.47	5.23
Enterprise Value to Revenue (EV/Rev)	0.72	1.03	0.82	0.98	1.34	1.08	0.87	1.10	1.32	0.97	0.85
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	91.16	38.59	205.76	70.00	32.70	246.39	104.67	19.71	14.08
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	36.91	22.09
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	34.70	0.00	0.00	29.88	0.00	0.00	102.08	17.02
Enterprise Value to Operating Cash Flow (EV/OCF)	8.67	21.24	6.58	6.15	10.60	8.94	14.30	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	21.79	8.61	23.79	31.05	40.70	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.59	-0.75	-0.47	-0.52	-0.53	-0.73	-0.46	-0.57	-0.70	-0.90	-0.81
Leverage Ratio	1.96	1.95	2.03	1.92	1.79	1.89	2.03	1.87	1.78	1.96	2.06
Compound Leverage Factor	1.90	2.03	1.96	2.40	1.70	1.95	1.88	1.67	1.69	2.00	2.03
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	3.60	4.17	3.40	4.16	5.05	4.76	3.94	4.58	5.23	4.49	3.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.56	1.64	1.51	1.65	1.92	2.02	1.86	2.06	2.09	1.85	1.62
Quick Ratio	0.91	1.11	0.73	1.11	1.19	1.46	0.81	1.11	1.08	1.13	0.70
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.24	41	42	138	66	144	-33	-134	-293	-219	-399
Operating Cash Flow to CapEx	-1,073.90%	1,191.61%	-239.28%	273.47%	-1,092.13%	4,531.86%	217.58%	53.27%	-1,296.33%	1,240.97%	-488.56%
Free Cash Flow to Firm to Interest Expense	2.16	372.17	392.64	1,300.51	540.37	1,373.01	-218.95	-488.31	-1,928.68	-1,383.11	-2,373.58
Operating Cash Flow to Interest Expense	-547.39	1,419.75	-349.39	598.90	-911.84	2,622.87	148.96	32.43	-743.17	1,153.71	-618.55
Operating Cash Flow Less CapEx to Interest Expense	-598.37	1,300.61	-495.41	379.90	-995.33	2,564.99	80.50	-28.45	-800.50	1,060.74	-745.16
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.70	1.40	1.58	1.55	1.56	1.38	1.51	1.44	1.46	1.36	1.51
Accounts Receivable Turnover	26.57	17.59	27.08	12.73	20.06	16.75	19.61	13.91	17.02	12.23	17.35
Inventory Turnover	5.12	5.15	2.87	3.77	3.36	3.68	2.34	3.01	3.21	3.90	2.99
Fixed Asset Turnover	16.79	16.01	16.05	15.89	17.58	18.57	19.11	19.60	20.88	22.85	22.25
Accounts Payable Turnover	6.79	4.77	4.33	5.20	5.57	4.27	3.58	4.18	4.17	3.45	3.47
Days Sales Outstanding (DSO)	13.74	20.76	13.48	28.66	18.19	21.79	18.61	26.23	21.44	29.85	21.04
Days Inventory Outstanding (DIO)	71.34	70.91	127.30	96.88	108.67	99.20	155.68	121.28	113.69	93.63	122.07
Days Payable Outstanding (DPO)	53.72	76.45	84.25	70.19	65.55	85.39	101.82	87.42	87.51	105.75	105.14
Cash Conversion Cycle (CCC)	31.36	15.22	56.52	55.36	61.31	35.60	72.47	60.09	47.62	17.73	37.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	159	141	207	188	202	127	298	322	318	202	286
Invested Capital Turnover	8.09	10.85	6.00	6.15	5.93	9.70	5.67	6.35	8.69	27.72	16.33
Increase / (Decrease) in Invested Capital	-43	14	-91	-134	-116	-75	13	119	253	277	357
Enterprise Value (EV)	1,060	1,501	1,249	1,537	2,069	1,731	1,436	1,827	2,204	1,709	1,494
Market Capitalization	1,284	1,829	1,470	1,814	2,360	2,198	1,656	2,096	2,499	2,141	1,769
Book Value per Share	$3.22	$3.85	$3.54	$3.78	$3.99	$4.75	$4.04	$4.60	$4.81	$5.00	$4.40
Tangible Book Value per Share	$1.84	$2.48	$2.74	$2.99	$3.19	$3.36	$3.26	$3.79	$3.99	$4.17	$3.59
Total Capital	383	469	429	464	494	594	519	590	613	633	561
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-224	-328	-221	-277	-292	-467	-220	-268	-295	-432	-275
Capital Expenditures (CapEx)	5.56	13	16	23	10	6.08	10	17	8.71	15	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-60	-88	-36	-39	-12	-84	85	95	90	-27	57
Debt-free Net Working Capital (DFNWC)	163	240	185	238	280	383	305	364	385	404	332
Net Working Capital (NWC)	163	240	185	238	280	383	305	364	385	404	332
Net Nonoperating Expense (NNE)	27	4.91	4.53	-0.02	20	-12	11	8.69	-9.41	-17	22
Net Nonoperating Obligations (NNO)	-224	-328	-221	-277	-292	-467	-220	-268	-295	-432	-275
Total Depreciation and Amortization (D&A)	15	18	17	12	11	12	14	12	12	11	11
Debt-free, Cash-free Net Working Capital to Revenue	-4.11%	-6.03%	-2.39%	-2.49%	-0.77%	-5.29%	5.15%	5.72%	5.39%	-1.54%	3.25%
Debt-free Net Working Capital to Revenue	11.17%	16.48%	12.18%	15.15%	18.11%	24.00%	18.45%	21.82%	23.11%	22.97%	18.93%
Net Working Capital to Revenue	11.17%	16.48%	12.18%	15.15%	18.11%	24.00%	18.45%	21.82%	23.11%	22.97%	18.93%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.58)	$0.41	($0.43)	$0.03	($0.56)	$0.65	($0.25)	($0.18)	($0.24)	$0.59	($0.51)
Adjusted Weighted Average Basic Shares Outstanding	119.92M	122.07M	123.22M	122.55M	123.75M	125.18M	127.70M	128.31M	127.95M	127.21M	127.69M
Adjusted Diluted Earnings per Share	($0.58)	$0.40	($0.42)	$0.03	($0.56)	$0.64	($0.23)	($0.18)	($0.24)	$0.57	($0.44)
Adjusted Weighted Average Diluted Shares Outstanding	119.92M	124.73M	123.22M	127.25M	123.75M	126.74M	127.70M	128.31M	127.95M	131.50M	137.76M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	120.09M	119.08M	121.76M	121.01M	122.90M	123.84M	125.15M	128.26M	128.32M	127.35M	126.69M
Normalized Net Operating Profit after Tax (NOPAT)	-43	34	-49	8.81	-50	69	-20	-15	-40	58	-42
Normalized NOPAT Margin	-16.50%	6.11%	-19.01%	2.22%	-19.66%	11.33%	-6.51%	-3.99%	-13.17%	8.64%	-13.29%
Pre Tax Income Margin	-22.78%	7.95%	-24.39%	3.18%	-27.88%	15.16%	-10.67%	-4.75%	-18.75%	16.61%	-21.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-559.92	382.40	-597.28	95.52	-608.71	856.85	-235.30	-72.40	-395.12	695.44	-407.31
NOPAT to Interest Expense	-393.18	501.29	-449.62	34.83	-407.15	661.07	-133.25	-54.32	-263.54	367.72	-250.27
EBIT Less CapEx to Interest Expense	-610.89	263.25	-743.30	-123.48	-692.20	798.97	-303.76	-133.28	-452.45	602.47	-533.92
NOPAT Less CapEx to Interest Expense	-444.15	382.15	-595.64	-184.17	-490.64	603.19	-201.72	-115.20	-320.87	274.75	-376.87
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-163.61%	-192.72%	-338.22%	-1,311.16%	-404.24%	-2,403.21%	-973.95%	-273.18%	-722.11%	908.60%	222.79%

Frequently Asked Questions About Sonos' Financials

When does Sonos's fiscal year end?

According to the most recent income statement we have on file, Sonos' financial year ends in September. Their financial year 2024 ended on September 28, 2024.

How has Sonos' net income changed over the last 2 years?

Sonos' net income appears to be on a downward trend, with a most recent value of -$38.15 million in 2024, falling from $67.38 million in 2022. The previous period was -$10.27 million in 2023. View Sonos' forecast to see where analysts expect Sonos to go next.

What is Sonos's operating income?

Sonos's total operating income in 2024 was -$48.05 million, based on the following breakdown:

Total Gross Profit: $689.37 million
Total Operating Expenses: $737.42 million

How has Sonos revenue changed over the last 2 years?

Over the last 2 years, Sonos' total revenue changed from $1.75 billion in 2022 to $1.52 billion in 2024, a change of -13.4%.

How much debt does Sonos have?

Sonos' total liabilities were at $487.69 million at the end of 2024, a 0.8% increase from 2023, and a 22.3% decrease since 2022.

How much cash does Sonos have?

In the past 2 years, Sonos' cash and equivalents has ranged from $169.73 million in 2024 to $274.86 million in 2022, and is currently $169.73 million as of their latest financial filing in 2024.

How has Sonos' book value per share changed over the last 2 years?

Over the last 2 years, Sonos' book value per share changed from 4.40 in 2022 to 3.54 in 2024, a change of -19.6%.

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This page (NASDAQ:SONO) was last updated on 5/28/2025 by MarketBeat.com Staff

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Sonos (SONO) Financials

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Sonos (SONO) Financials

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