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Sonos (SONO) Financials

$9.19 -0.16 (-1.71%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$9.28 +0.09 (+0.98%)

As of 08:00 AM Eastern

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Income / (Loss) Attributable to Common Shareholders	-0.60	-64	75	-31	-24	-31	81	-70	3.71	-53	50
Consolidated Net Income / (Loss)	-0.60	-64	75	-31	-24	-31	81	-70	3.71	-53	50
Net Income / (Loss) Continuing Operations	-0.60	-64	75	-31	-24	-31	81	-70	3.71	-53	50
Total Pre-Tax Income	-2.67	-68	112	-57	-18	-33	93	-70	13	-62	44
Total Operating Income	6.96	-60	86	-57	-21	-28	80	-71	13	-69	48
Total Gross Profit	176	124	285	132	172	128	283	112	192	103	241
Total Revenue	372	316	673	304	373	305	613	253	397	255	551
Operating Revenue	372	316	673	304	373	305	613	253	397	255	551
Total Cost of Revenue	196	192	388	173	202	177	330	141	206	152	309
Operating Cost of Revenue	196	192	388	173	202	177	330	141	206	152	309
Total Operating Expenses	169	184	199	189	193	156	203	183	179	172	193
Selling, General & Admin Expense	42	44	43	44	49	32	40	41	33	28	26
Marketing Expense	64	73	79	64	67	59	84	62	72	73	87
Research & Development Expense	63	67	77	81	78	66	79	80	74	71	81
Total Other Income / (Expense), net	-9.63	-7.46	25	0.20	3.54	-4.18	13	0.51	0.06	7.08	-4.28
Interest Expense	0.20	0.17	0.16	0.15	0.27	0.15	0.11	0.12	0.11	0.11	0.11
Interest & Investment Income	0.43	1.07	1.97	3.18	2.39	2.66	3.08	3.93	2.63	2.33	1.86
Other Income / (Expense), net	-9.86	-8.36	24	-2.83	1.42	-6.70	10	-3.30	-2.46	4.86	-6.03
Income Tax Expense	-2.07	-3.46	37	-26	5.85	-1.31	12	-0.74	8.94	-9.19	-6.42
Basic Earnings per Share	$0.00	($0.51)	$0.59	($0.24)	($0.18)	($0.25)	$0.65	($0.56)	$0.03	($0.43)	$0.41
Weighted Average Basic Shares Outstanding	127.88M	127.69M	127.21M	127.95M	128.31M	127.70M	125.18M	123.75M	122.55M	123.22M	122.07M
Diluted Earnings per Share	$0.00	($0.44)	$0.57	($0.24)	($0.18)	($0.23)	$0.64	($0.56)	$0.03	($0.42)	$0.40
Weighted Average Diluted Shares Outstanding	127.88M	137.76M	131.50M	127.95M	128.31M	127.70M	126.74M	123.75M	127.25M	123.22M	124.73M
Weighted Average Basic & Diluted Shares Outstanding	127.25M	126.69M	127.35M	128.32M	128.26M	125.15M	123.84M	122.90M	121.01M	121.76M	119.08M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Net Change in Cash & Equivalents	-167	-165	157	-137	-27	-48	247	-221	-19	-57	110
Net Cash From Operating Activities	-6.72	-104	182	-113	8.89	22	275	-111	63	-38	156
Net Cash From Continuing Operating Activities	-6.72	-104	182	-113	8.89	22	275	-111	63	-38	156
Net Income / (Loss) Continuing Operations	-0.60	-64	75	-31	-24	-31	81	-70	3.71	-53	50
Consolidated Net Income / (Loss)	-0.60	-64	75	-31	-24	-31	81	-70	3.71	-53	50
Depreciation Expense	8.91	11	11	12	12	14	12	11	12	17	18
Non-Cash Adjustments To Reconcile Net Income	21	31	7.70	34	25	29	18	27	19	24	29
Changes in Operating Assets and Liabilities, net	-36	-81	88	-128	-4.69	11	165	-80	28	-25	60
Net Cash From Investing Activities	-109	-21	-15	-8.71	-17	-10	-6.08	-55	-27	-17	-9.33
Net Cash From Continuing Investing Activities	-109	-21	-15	-8.71	-17	-10	-6.08	-55	-27	-17	-9.33
Purchase of Property, Plant & Equipment	-9.28	-21	-15	-8.71	-17	-10	-6.08	-10	-23	-16	-13
Purchase of Investments	-	-	-	-	-	-	0.00	-	-23	-22	-10
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	-	-	21	14
Net Cash From Financing Activities	-45	-36	-15	-15	-18	-60	-24	-54	-56	-4.13	-34
Net Cash From Continuing Financing Activities	-45	-36	-15	-15	-18	-60	-24	-54	-56	-4.13	-34
Repurchase of Common Equity	-43	-33	-15	-15	-15	-55	-23	-53	-52	-0.28	-27
Other Financing Activities, net	-2.81	-3.06	-0.27	-0.34	-3.26	-4.66	-0.21	-1.13	-3.11	-3.85	-6.63
Effect of Exchange Rate Changes	-6.29	-3.60	4.40	0.37	-0.53	-0.39	1.48	-0.77	-0.12	1.57	-2.82
Cash Interest Paid	0.14	0.12	0.11	0.22	0.45	0.55	0.06	0.08	0.06	0.06	0.06
Cash Income Taxes Paid	-0.05	0.44	1.90	4.50	-1.18	4.31	3.68	8.56	4.89	4.07	0.66

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

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

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

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

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	7/2/2022	10/1/2022	12/31/2022	4/1/2023	7/1/2023	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.82%	-12.03%	1.22%	-23.92%	0.42%	-3.52%	-8.88%	-16.93%	6.37%	-16.31%	-10.12%
EBITDA Growth	-78.38%	-907.22%	-13.81%	-378.87%	-226.94%	63.31%	-15.84%	-30.35%	390.48%	-123.62%	-41.41%
EBIT Growth	-115.48%	-395.35%	-16.24%	-873.84%	-584.51%	48.77%	-18.12%	-23.65%	151.04%	-83.99%	-53.25%
NOPAT Growth	-69.48%	-420.30%	-53.47%	-462.96%	-405.47%	52.78%	19.47%	-24.00%	124.81%	-144.57%	-20.56%
Net Income Growth	-103.35%	-632.70%	-39.11%	-457.83%	-3,848.24%	51.24%	7.66%	-127.42%	115.74%	-69.96%	-37.94%
EPS Growth	-100.00%	-266.67%	-34.48%	-500.00%	0.00%	47.73%	12.28%	-133.33%	116.67%	-82.61%	-37.50%
Operating Cash Flow Growth	-109.49%	-1,702.42%	1.31%	-15.79%	232.31%	121.36%	51.08%	1.52%	614.34%	-270.01%	-43.29%
Free Cash Flow Firm Growth	-570.94%	-1,749.90%	-484.83%	-157.71%	52.54%	91.82%	165.97%	122.49%	203.03%	229.99%	-71.60%
Invested Capital Growth	342.32%	502.00%	369.78%	389.75%	58.58%	4.47%	-37.04%	-36.35%	-41.68%	-30.48%	11.18%
Revenue Q/Q Growth	-7.00%	-14.93%	112.65%	-54.78%	22.74%	-18.27%	100.84%	-58.77%	57.18%	-35.70%	115.70%
EBITDA Q/Q Growth	-65.34%	-1,058.94%	310.01%	-139.95%	84.22%	-177.19%	581.68%	-161.88%	135.16%	-313.39%	226.21%
EBIT Q/Q Growth	-137.34%	-2,261.21%	260.58%	-154.66%	66.97%	-76.74%	356.62%	-182.54%	113.63%	-737.10%	165.21%
NOPAT Q/Q Growth	-55.86%	-962.99%	238.18%	-168.95%	62.85%	-33.41%	449.60%	-171.56%	107.43%	-1,415.36%	213.56%
Net Income Q/Q Growth	-106.97%	-10,631.49%	217.36%	-140.77%	23.10%	-32.53%	359.12%	-186.12%	105.32%	-1,531.46%	194.62%
EPS Q/Q Growth	-100.00%	0.00%	229.55%	-142.11%	25.00%	-27.78%	378.26%	-187.50%	105.36%	-1,500.00%	195.24%
Operating Cash Flow Q/Q Growth	93.12%	-1,447.07%	275.42%	-161.97%	107.87%	149.75%	1,140.82%	-140.39%	157.07%	-159.44%	513.88%
Free Cash Flow Firm Q/Q Growth	-147.83%	-41.45%	45.20%	-34.15%	54.36%	75.62%	541.92%	-54.27%	109.11%	-69.24%	-3.46%
Invested Capital Q/Q Growth	212.61%	40.71%	-29.35%	57.59%	1.22%	-7.30%	-57.42%	59.32%	-7.25%	10.49%	-31.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.30%	39.24%	42.38%	43.27%	46.00%	41.96%	46.12%	44.34%	48.25%	40.34%	43.82%
EBITDA Margin	1.62%	-18.22%	17.99%	-15.89%	-2.04%	-6.93%	16.62%	-24.94%	5.58%	-18.51%	10.83%
Operating Margin	1.87%	-18.99%	12.83%	-18.81%	-5.69%	-9.30%	13.00%	-28.09%	3.17%	-27.16%	8.73%
EBIT Margin	-0.78%	-21.63%	16.34%	-19.74%	-5.31%	-11.49%	14.68%	-29.39%	2.55%	-25.26%	7.64%
Profit (Net Income) Margin	-0.16%	-20.26%	11.18%	-10.08%	-6.31%	-10.24%	13.21%	-27.59%	0.93%	-20.79%	9.12%
Tax Burden Percent	22.40%	94.88%	67.32%	53.75%	133.02%	95.98%	87.10%	98.95%	29.32%	85.24%	114.66%
Interest Burden Percent	91.96%	98.68%	101.65%	94.96%	89.33%	92.83%	103.30%	94.87%	124.92%	96.56%	104.16%
Effective Tax Rate	0.00%	0.00%	32.68%	0.00%	0.00%	0.00%	12.90%	0.00%	70.68%	0.00%	-14.66%
Return on Invested Capital (ROIC)	39.47%	-217.09%	239.46%	-114.50%	-25.31%	-36.88%	109.89%	-116.64%	5.72%	-114.12%	108.63%
ROIC Less NNEP Spread (ROIC-NNEP)	40.45%	-212.28%	236.58%	-116.58%	-22.85%	-32.28%	107.32%	-109.81%	5.71%	-112.06%	109.87%
Return on Net Nonoperating Assets (RNNOA)	-36.53%	171.95%	-213.69%	81.83%	13.12%	14.81%	-78.57%	58.17%	-2.95%	52.22%	-82.15%
Return on Equity (ROE)	2.94%	-45.14%	25.77%	-32.67%	-12.18%	-22.07%	31.32%	-58.47%	2.77%	-61.90%	26.49%
Cash Return on Invested Capital (CROIC)	-73.10%	-94.15%	-128.77%	-140.96%	-59.24%	12.08%	33.90%	33.42%	70.03%	22.67%	-52.14%
Operating Return on Assets (OROA)	-1.20%	-32.58%	22.30%	-28.77%	-7.67%	-17.36%	20.22%	-45.73%	3.95%	-39.97%	10.72%
Return on Assets (ROA)	-0.25%	-30.50%	15.26%	-14.68%	-9.11%	-15.47%	18.19%	-42.92%	1.45%	-32.90%	12.81%
Return on Common Equity (ROCE)	2.94%	-45.14%	25.77%	-32.67%	-12.18%	-22.07%	31.32%	-58.47%	2.77%	-61.90%	26.49%
Return on Equity Simple (ROE_SIMPLE)	19.09%	0.00%	3.01%	-3.28%	-7.30%	0.00%	-0.76%	-8.82%	-3.51%	0.00%	-14.68%
Net Operating Profit after Tax (NOPAT)	4.87	-42	58	-40	-15	-20	69	-50	3.69	-49	55
NOPAT Margin	1.31%	-13.29%	8.64%	-13.17%	-3.99%	-6.51%	11.33%	-19.66%	0.93%	-19.01%	10.01%
Net Nonoperating Expense Percent (NNEP)	-0.98%	-4.81%	2.88%	2.09%	-2.45%	-4.60%	2.57%	-6.83%	0.01%	-2.05%	-1.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	11.68%	-	-	-	11.75%
Cost of Revenue to Revenue	52.70%	60.76%	57.62%	56.73%	54.00%	58.04%	53.88%	55.66%	51.75%	59.66%	56.18%
SG&A Expenses to Revenue	11.40%	13.99%	6.41%	14.61%	13.03%	10.58%	6.49%	16.16%	8.36%	11.13%	4.69%
R&D to Revenue	16.82%	21.27%	11.44%	26.56%	20.83%	21.47%	12.93%	31.79%	18.69%	27.71%	14.68%
Operating Expenses to Revenue	45.43%	58.23%	29.55%	62.08%	51.70%	51.26%	33.12%	72.43%	45.08%	67.50%	35.09%
Earnings before Interest and Taxes (EBIT)	-2.90	-68	110	-60	-20	-35	90	-74	10	-65	42
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.01	-58	121	-48	-7.63	-21	102	-63	22	-47	60
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.57	3.16	3.38	4.08	3.55	3.19	3.70	4.78	3.91	3.43	3.90
Price to Tangible Book Value (P/TBV)	4.92	3.87	4.06	4.92	4.31	3.96	5.23	5.97	4.93	4.44	6.06
Price to Revenue (P/Rev)	1.28	1.01	1.22	1.50	1.26	1.00	1.38	1.53	1.16	0.97	1.26
Price to Earnings (P/E)	0.00	26.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
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%	3.81%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	9.12	5.23	8.47	6.93	5.68	4.81	13.62	10.22	8.19	6.02	10.63
Enterprise Value to Revenue (EV/Rev)	1.03	0.85	0.97	1.32	1.10	0.87	1.08	1.34	0.98	0.82	1.03
Enterprise Value to EBITDA (EV/EBITDA)	11.72	14.08	19.71	104.67	246.39	32.70	70.00	205.76	38.59	91.16	0.00
Enterprise Value to EBIT (EV/EBIT)	15.15	22.09	36.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	13.38	17.02	102.08	0.00	0.00	29.88	0.00	0.00	34.70	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	22.55	0.00	0.00	0.00	0.00	14.30	8.94	10.60	6.15	6.58	21.24
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	40.70	31.05	23.79	8.61	21.79	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	-0.90	-0.81	-0.90	-0.70	-0.57	-0.46	-0.73	-0.53	-0.52	-0.47	-0.75
Leverage Ratio	1.89	2.06	1.96	1.78	1.87	2.03	1.89	1.79	1.92	2.03	1.95
Compound Leverage Factor	1.74	2.03	2.00	1.69	1.67	1.88	1.95	1.70	2.40	1.96	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	4.20	3.31	4.49	5.23	4.58	3.94	4.76	5.05	4.16	3.40	4.17
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	1.83	1.62	1.85	2.09	2.06	1.86	2.02	1.92	1.65	1.51	1.64
Quick Ratio	1.12	0.70	1.13	1.08	1.11	0.81	1.46	1.19	1.11	0.73	1.11
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-282	-399	-219	-293	-134	-33	144	66	138	42	41
Operating Cash Flow to CapEx	-72.37%	-488.56%	1,240.97%	-1,296.33%	53.27%	217.58%	4,531.86%	-1,092.13%	273.47%	-239.28%	1,191.61%
Free Cash Flow to Firm to Interest Expense	-1,438.35	-2,373.58	-1,383.11	-1,928.68	-488.31	-218.95	1,373.01	540.37	1,300.51	392.64	372.17
Operating Cash Flow to Interest Expense	-34.27	-618.55	1,153.71	-743.17	32.43	148.96	2,622.87	-911.84	598.90	-349.39	1,419.75
Operating Cash Flow Less CapEx to Interest Expense	-81.62	-745.16	1,060.74	-800.50	-28.45	80.50	2,564.99	-995.33	379.90	-495.41	1,300.61
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.54	1.51	1.36	1.46	1.44	1.51	1.38	1.56	1.55	1.58	1.40
Accounts Receivable Turnover	18.40	17.35	12.23	17.02	13.91	19.61	16.75	20.06	12.73	27.08	17.59
Inventory Turnover	3.96	2.99	3.90	3.21	3.01	2.34	3.68	3.36	3.77	2.87	5.15
Fixed Asset Turnover	24.33	22.25	22.85	20.88	19.60	19.11	18.57	17.58	15.89	16.05	16.01
Accounts Payable Turnover	3.78	3.47	3.45	4.17	4.18	3.58	4.27	5.57	5.20	4.33	4.77
Days Sales Outstanding (DSO)	19.84	21.04	29.85	21.44	26.23	18.61	21.79	18.19	28.66	13.48	20.76
Days Inventory Outstanding (DIO)	92.06	122.07	93.63	113.69	121.28	155.68	99.20	108.67	96.88	127.30	70.91
Days Payable Outstanding (DPO)	96.66	105.14	105.75	87.51	87.42	101.82	85.39	65.55	70.19	84.25	76.45
Cash Conversion Cycle (CCC)	15.24	37.96	17.73	47.62	60.09	72.47	35.60	61.31	55.36	56.52	15.22
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	203	286	202	318	322	298	127	202	188	207	141
Invested Capital Turnover	30.12	16.33	27.72	8.69	6.35	5.67	9.70	5.93	6.15	6.00	10.85
Increase / (Decrease) in Invested Capital	287	357	277	253	119	13	-75	-116	-134	-91	14
Enterprise Value (EV)	1,852	1,494	1,709	2,204	1,827	1,436	1,731	2,069	1,537	1,249	1,501
Market Capitalization	2,292	1,769	2,141	2,499	2,096	1,656	2,198	2,360	1,814	1,470	1,829
Book Value per Share	$5.03	$4.40	$5.00	$4.81	$4.60	$4.04	$4.75	$3.99	$3.78	$3.54	$3.85
Tangible Book Value per Share	$3.64	$3.59	$4.17	$3.99	$3.79	$3.26	$3.36	$3.19	$2.99	$2.74	$2.48
Total Capital	643	561	633	613	590	519	594	494	464	429	469
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	-440	-275	-432	-295	-268	-220	-467	-292	-277	-221	-328
Capital Expenditures (CapEx)	9.28	21	15	8.71	17	10	6.08	10	23	16	13
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-21	57	-27	90	95	85	-84	-12	-39	-36	-88
Debt-free Net Working Capital (DFNWC)	418	332	404	385	364	305	383	280	238	185	240
Net Working Capital (NWC)	418	332	404	385	364	305	383	280	238	185	240
Net Nonoperating Expense (NNE)	5.47	22	-17	-9.41	8.69	11	-12	20	-0.02	4.53	4.91
Net Nonoperating Obligations (NNO)	-440	-275	-432	-295	-268	-220	-467	-292	-277	-221	-328
Total Depreciation and Amortization (D&A)	8.91	11	11	12	12	14	12	11	12	17	18
Debt-free, Cash-free Net Working Capital to Revenue	-1.20%	3.25%	-1.54%	5.39%	5.72%	5.15%	-5.29%	-0.77%	-2.49%	-2.39%	-6.03%
Debt-free Net Working Capital to Revenue	23.29%	18.93%	22.97%	23.11%	21.82%	18.45%	24.00%	18.11%	15.15%	12.18%	16.48%
Net Working Capital to Revenue	23.29%	18.93%	22.97%	23.11%	21.82%	18.45%	24.00%	18.11%	15.15%	12.18%	16.48%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.51)	$0.59	($0.24)	($0.18)	($0.25)	$0.65	($0.56)	$0.03	($0.43)	$0.41
Adjusted Weighted Average Basic Shares Outstanding	127.88M	127.69M	127.21M	127.95M	128.31M	127.70M	125.18M	123.75M	122.55M	123.22M	122.07M
Adjusted Diluted Earnings per Share	$0.00	($0.44)	$0.57	($0.24)	($0.18)	($0.23)	$0.64	($0.56)	$0.03	($0.42)	$0.40
Adjusted Weighted Average Diluted Shares Outstanding	127.88M	137.76M	131.50M	127.95M	128.31M	127.70M	126.74M	123.75M	127.25M	123.22M	124.73M
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	127.25M	126.69M	127.35M	128.32M	128.26M	125.15M	123.84M	122.90M	121.01M	121.76M	119.08M
Normalized Net Operating Profit after Tax (NOPAT)	4.87	-42	58	-40	-15	-20	69	-50	8.81	-49	34
Normalized NOPAT Margin	1.31%	-13.29%	8.64%	-13.17%	-3.99%	-6.51%	11.33%	-19.66%	2.22%	-19.01%	6.11%
Pre Tax Income Margin	-0.72%	-21.35%	16.61%	-18.75%	-4.75%	-10.67%	15.16%	-27.88%	3.18%	-24.39%	7.95%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-14.79	-407.31	695.44	-395.12	-72.40	-235.30	856.85	-608.71	95.52	-597.28	382.40
NOPAT to Interest Expense	24.86	-250.27	367.72	-263.54	-54.32	-133.25	661.07	-407.15	34.83	-449.62	501.29
EBIT Less CapEx to Interest Expense	-62.14	-533.92	602.47	-452.45	-133.28	-303.76	798.97	-692.20	-123.48	-743.30	263.25
NOPAT Less CapEx to Interest Expense	-22.49	-376.87	274.75	-320.87	-115.20	-201.72	603.19	-490.64	-184.17	-595.64	382.15
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	129.04%	222.79%	908.60%	-722.11%	-273.18%	-973.95%	-2,403.21%	-404.24%	-1,311.16%	-338.22%	-192.72%

Frequently Asked Questions About Sonos' Financials

When does Sonos's financial year end?

According to the most recent income statement we have on file, Sonos' fiscal year ends in September. Their fiscal 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. See where experts think Sonos is headed by visiting Sonos' forecast page.

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 5/7/2025 by MarketBeat.com Staff

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Sonos (SONO) Financials

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Sonos (SONO) Financials

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