Sonos (SONO) Financials

$15.06 +0.17 (+1.12%)

Closing price 05/8/2026 03:59 PM Eastern

Extended Trading

$14.86 -0.20 (-1.34%)

As of 05/8/2026 07:45 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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Net Income / (Loss) Attributable to Common Shareholders	-38	-14	-16	-4.77	0.00	0.00	67	-10	-38	-61
Consolidated Net Income / (Loss)	-38	-14	-16	-4.77	-20	159	67	-10	-38	-61
Net Income / (Loss) Continuing Operations	-38	-14	-16	-4.77	-20	159	67	-10	-38	-61
Total Pre-Tax Income	-36	-17	-15	-1.08	-20	157	69	4.39	-27	-50
Total Operating Income	-31	-16	-8.88	5.70	-27	155	90	-21	-48	-50
Total Gross Profit	403	456	489	527	572	810	796	716	689	631
Total Revenue	901	993	1,137	1,261	1,326	1,717	1,752	1,655	1,518	1,443
Operating Revenue	901	993	1,137	1,261	1,326	1,717	1,752	1,655	1,518	1,443
Total Cost of Revenue	498	536	648	733	754	907	956	939	829	813
Operating Cost of Revenue	498	536	648	733	754	907	956	939	829	813
Total Operating Expenses	434	472	498	522	599	655	707	737	737	681
Selling, General & Admin Expense	69	77	85	103	121	153	170	169	142	120
Marketing Expense	258	270	271	248	264	272	280	268	291	281
Research & Development Expense	108	124	142	171	215	230	256	301	305	280
Total Other Income / (Expense), net	-4.70	-0.90	-5.67	-6.78	7.15	1.96	-21	25	21	-0.03
Interest Expense	-	4.38	5.24	2.50	1.49	0.59	0.55	0.73	0.44	0.47
Interest & Investment Income	-2.49	0.12	0.73	4.35	2.00	0.15	1.66	10	12	6.93
Other Income / (Expense), net	-2.21	3.36	-1.16	-8.63	6.64	2.41	-22	15	9.37	-6.50
Income Tax Expense	2.64	-2.29	1.06	3.69	0.03	-1.67	1.35	15	11	11
Basic Earnings per Share	($0.71)	($0.25)	($0.24)	($0.05)	($0.18)	$1.30	$0.53	($0.08)	($0.31)	($0.51)
Weighted Average Basic Shares Outstanding	53.87M	56.31M	65.71M	103.78M	109.81M	122.25M	127.69M	127.70M	123.22M	120.75M
Diluted Earnings per Share	($0.71)	($0.25)	($0.24)	($0.05)	($0.18)	$1.13	$0.49	($0.08)	($0.31)	($0.51)
Weighted Average Diluted Shares Outstanding	53.87M	56.31M	65.71M	103.78M	109.81M	140.31M	137.76M	127.70M	123.22M	120.75M
Weighted Average Basic & Diluted Shares Outstanding	53.87M	56.31M	65.71M	103.78M	109.81M	127.13M	126.69M	125.15M	121.76M	120.24M

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Income / (Loss) Attributable to Common Shareholders	-31	81	-70	3.71	-53	50	-70	-3.38	-38	94	-29
Consolidated Net Income / (Loss)	-31	81	-70	3.71	-53	50	-70	-3.38	-38	94	-29
Net Income / (Loss) Continuing Operations	-31	81	-70	3.71	-53	50	-70	-3.38	-38	94	-29
Total Pre-Tax Income	-33	93	-70	13	-62	44	-59	-0.81	-34	102	-31
Total Operating Income	-28	80	-71	13	-69	48	-61	-2.93	-34	100	-32
Total Gross Profit	128	283	112	192	103	241	114	150	126	253	125
Total Revenue	305	613	253	397	255	551	260	345	288	546	282
Operating Revenue	305	613	253	397	255	551	260	345	288	546	282
Total Cost of Revenue	177	330	141	206	152	309	146	195	162	292	157
Operating Cost of Revenue	177	330	141	206	152	309	146	195	162	292	157
Total Operating Expenses	156	203	183	179	172	193	175	153	160	153	156
Selling, General & Admin Expense	32	40	41	33	28	26	33	30	30	28	30
Marketing Expense	59	84	62	72	73	87	64	63	68	65	62
Research & Development Expense	66	79	80	74	71	81	77	60	62	60	64
Total Other Income / (Expense), net	-4.18	13	0.51	0.06	7.08	-4.28	1.86	2.12	0.08	1.23	0.45
Interest Expense	0.15	0.11	0.12	0.11	0.11	0.11	0.11	0.12	0.13	0.12	0.10
Interest & Investment Income	2.66	3.08	3.93	2.63	2.33	1.86	1.97	1.57	1.53	1.35	1.91
Other Income / (Expense), net	-6.70	10	-3.30	-2.46	4.86	-6.03	-	0.66	-1.32	-	-1.36
Income Tax Expense	-1.31	12	-0.74	8.94	-9.19	-6.42	11	2.57	3.53	8.27	-2.24
Basic Earnings per Share	($0.25)	$0.65	($0.56)	$0.03	($0.43)	$0.41	($0.58)	($0.03)	($0.31)	$0.78	($0.24)
Weighted Average Basic Shares Outstanding	127.70M	125.18M	123.75M	122.55M	123.22M	122.07M	119.92M	120.42M	120.75M	120.49M	120.21M
Diluted Earnings per Share	($0.23)	$0.64	($0.56)	$0.03	($0.42)	$0.40	($0.58)	($0.03)	($0.30)	$0.75	($0.24)
Weighted Average Diluted Shares Outstanding	127.70M	126.74M	123.75M	127.25M	123.22M	124.73M	119.92M	120.42M	120.75M	124.66M	120.21M
Weighted Average Basic & Diluted Shares Outstanding	125.15M	123.84M	122.90M	121.01M	121.76M	119.08M	120.09M	120.88M	120.24M	120.87M	119.13M

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	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Net Change in Cash & Equivalents	-1.44	56	90	118	68	233	-365	-55	-50	4.94
Net Cash From Operating Activities	43	64	31	121	162	253	-28	100	190	137
Net Cash From Continuing Operating Activities	43	64	31	121	162	253	-28	100	190	137
Net Income / (Loss) Continuing Operations	-38	-14	-16	-4.77	-20	159	67	-10	-38	-61
Consolidated Net Income / (Loss)	-38	-14	-16	-4.77	-20	159	67	-10	-38	-61
Depreciation Expense	34	35	39	36	36	34	39	49	52	62
Non-Cash Adjustments To Reconcile Net Income	27	33	40	51	68	64	93	96	88	104
Changes in Operating Assets and Liabilities, net	20	10	-33	38	78	-3.06	-227	-34	88	32
Net Cash From Investing Activities	-53	-34	-36	-23	-69	-46	-173	-50	-105	-30
Net Cash From Continuing Investing Activities	-53	-34	-36	-23	-69	-46	-173	-50	-105	-30
Purchase of Property, Plant & Equipment	-53	-34	-36	-23	-33	-46	-46	-50	-55	-29
Purchase of Investments	-	-	-	-	-	-	0.00	0.00	-90	-58
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	41	57
Net Cash From Financing Activities	7.97	24	94	22	-27	25	-150	-109	-137	-102
Net Cash From Continuing Financing Activities	7.97	24	94	22	-27	25	-150	-109	-137	-102
Repayment of Debt	-85	0.00	-70	-6.67	-8.33	-25	-0.93	0.00	0.00	0.00
Repurchase of Common Equity	-0.15	-10	-4.86	-3.01	-61	-98	-150	-100	-129	-81
Other Financing Activities, net	3.67	8.91	9.35	32	42	148	0.79	-8.53	-8.29	-21
Effect of Exchange Rate Changes	-0.18	1.33	1.14	-1.61	2.90	0.15	-14	3.85	2.15	-0.07
Cash Interest Paid	2.33	4.11	3.75	2.52	1.65	0.50	0.34	1.33	0.26	0.28
Cash Income Taxes Paid	0.23	0.46	1.43	3.57	0.78	4.11	9.31	9.52	21	24

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	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
Net Change in Cash & Equivalents	-48	247	-221	-19	-57	110	-107	28	-27	138	-112
Net Cash From Operating Activities	22	275	-111	63	-38	156	-60	37	2.92	163	-65
Net Cash From Continuing Operating Activities	22	275	-111	63	-38	156	-60	37	2.92	163	-65
Net Income / (Loss) Continuing Operations	-31	81	-70	3.71	-53	50	-70	-3.38	-38	94	-29
Consolidated Net Income / (Loss)	-31	81	-70	3.71	-53	50	-70	-3.38	-38	94	-29
Depreciation Expense	14	12	11	12	17	18	15	16	14	14	12
Non-Cash Adjustments To Reconcile Net Income	29	18	27	19	24	29	21	31	23	14	19
Changes in Operating Assets and Liabilities, net	11	165	-80	28	-25	60	-26	-5.88	4.06	42	-67
Net Cash From Investing Activities	-10	-6.08	-55	-27	-17	-9.33	-7.83	-7.01	-5.35	-4.06	-2.75
Net Cash From Continuing Investing Activities	-10	-6.08	-55	-27	-17	-9.33	-7.83	-7.01	-5.35	-4.06	-2.75
Purchase of Property, Plant & Equipment	-10	-6.08	-10	-23	-16	-13	-5.56	-4.76	-5.26	-5.96	-4.78
Purchase of Investments	-	0.00	-	-23	-22	-10	-16	-18	-14	-13	-13
Sale and/or Maturity of Investments	-	0.00	-	-	21	14	14	16	14	14	15
Net Cash From Financing Activities	-60	-24	-54	-56	-4.13	-34	-40	-4.51	-24	-23	-43
Net Cash From Continuing Financing Activities	-60	-24	-54	-56	-4.13	-34	-40	-4.51	-24	-23	-43
Repurchase of Common Equity	-55	-23	-53	-52	-0.28	-27	-33	-	-20	-25	-40
Other Financing Activities, net	-4.66	-0.21	-1.13	-3.11	-3.85	-6.63	-6.96	-4.51	-3.26	2.36	-3.15
Effect of Exchange Rate Changes	-0.39	1.48	-0.77	-0.12	1.57	-2.82	1.09	2.19	-0.53	2.01	-0.95
Cash Interest Paid	0.55	0.06	0.08	0.06	0.06	0.06	0.06	0.07	0.08	0.07	0.06
Cash Income Taxes Paid	4.31	3.68	8.56	4.89	4.07	0.66	16	2.57	4.88	1.47	1.88

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	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Total Assets	400	587	762	816	1,139	1,188	1,002	916	823
Total Current Assets	301	498	679	660	958	867	660	551	504
Cash & Equivalents	131	221	339	407	640	275	220	170	175
Short-Term Investments	-	-	-	-	-	-	0.00	51	53
Accounts Receivable	47	73	103	55	101	101	68	45	66
Inventories, net	114	193	220	181	185	454	347	232	171
Prepaid Expenses	-	-	-	-	32	37	25	54	40
Plant, Property, & Equipment, net	95	85	78	61	71	86	87	102	72
Total Noncurrent Assets	3.42	4.53	4.36	95	110	235	256	263	247
Goodwill	-	-	1.01	16	16	77	80	83	83
Intangible Assets	-	-	0.01	26	4.35	26	20	14	75
Noncurrent Deferred & Refundable Income Taxes	1.11	0.94	1.15	1.80	10	1.51	1.66	10	11
Other Noncurrent Operating Assets	2.31	3.59	2.19	51	80	130	153	156	78
Total Liabilities & Shareholders' Equity	400	587	762	816	1,139	1,188	1,002	916	823
Total Liabilities	310	379	481	518	570	628	484	488	468
Total Current Liabilities	223	296	402	393	476	536	354	366	352
Accounts Payable	114	195	252	250	215	336	188	195	184
Accrued Expenses	57	39	70	45	108	109	90	88	79
Current Deferred Revenue	11	12	14	15	36	27	20	22	22
Current Employee Benefit Liabilities	32	33	41	45	78	24	22	16	21
Other Current Liabilities	8.50	11	18	31	40	40	34	46	46
Total Noncurrent Liabilities	86	83	78	125	94	92	129	122	116
Noncurrent Deferred Revenue	35	39	43	47	54	56	61	61	59
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	0.00	2.43	2.39	9.64	9.85	0.06	0.13
Other Noncurrent Operating Liabilities	12	10	11	57	38	26	59	60	56
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	0.03	208	281	298	569	561	519	429	355
Total Preferred & Common Equity	0.03	208	281	298	569	561	519	429	355
Total Common Equity	0.03	208	281	298	569	561	519	429	355
Common Stock	200	425	503	549	691	618	607	498	503
Retained Earnings	-188	-204	-208	-228	-70	-2.51	-13	-51	-112
Treasury Stock	-10	-11	-13	-21	-50	-51	-73	-17	-37
Accumulated Other Comprehensive Income / (Loss)	-2.17	-1.68	-0.06	-1.89	-1.38	-3.60	-3.44	-1.72	1.80

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	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	12/31/2022	4/1/2023	7/1/2023	12/30/2023	3/30/2024	6/29/2024	12/28/2024	3/29/2025	6/28/2025	12/27/2025	3/28/2026
Total Assets	1,207	1,059	1,065	1,110	926	961	964	792	834	948	839
Total Current Assets	882	737	708	759	583	604	613	453	503	640	540
Cash & Equivalents	432	295	268	467	246	227	280	173	201	313	200
Short-Term Investments	-	-	-	-	46	50	48	50	53	51	49
Accounts Receivable	110	84	115	81	70	132	85	40	94	116	96
Inventories, net	306	326	298	173	180	155	141	138	115	125	161
Prepaid Expenses	35	31	27	38	42	41	59	51	40	35	35
Plant, Property, & Equipment, net	85	87	94	87	88	103	95	86	81	66	63
Total Noncurrent Assets	240	235	263	264	254	254	256	253	251	242	236
Goodwill	81	82	82	82	81	81	83	83	83	83	83
Intangible Assets	25	23	22	92	17	16	84	81	78	71	68
Noncurrent Deferred & Refundable Income Taxes	1.42	1.53	1.44	1.71	1.64	1.64	9.65	9.20	10	11	10
Other Noncurrent Operating Assets	133	129	158	89	154	155	79	80	80	78	75
Total Liabilities & Shareholders' Equity	1,207	1,059	1,065	1,110	926	961	964	792	834	948	839
Total Liabilities	574	446	475	516	432	497	494	409	435	505	455
Total Current Liabilities	478	352	345	376	303	367	373	290	316	388	341
Accounts Payable	236	184	149	176	121	179	162	118	144	204	163
Accrued Expenses	138	76	92	98	72	89	109	74	76	88	67
Current Deferred Revenue	20	20	20	21	21	21	21	21	22	22	39
Current Employee Benefit Liabilities	26	30	45	28	38	33	29	26	26	22	24
Other Current Liabilities	57	42	39	53	50	45	52	51	47	53	48
Total Noncurrent Liabilities	96	94	131	140	128	130	122	120	119	116	114
Noncurrent Deferred Revenue	62	62	62	65	63	62	61	60	61	61	59
Noncurrent Deferred & Payable Income Tax Liabilities	10	12	12	10	9.97	11	0.18	0.31	0.51	0.13	0.12
Other Noncurrent Operating Liabilities	23	20	56	64	56	57	61	59	58	55	55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	633	613	590	594	494	464	469	383	399	443	384
Total Preferred & Common Equity	633	613	590	594	494	464	469	383	399	443	384
Total Common Equity	633	613	590	594	494	464	469	383	399	443	384
Common Stock	607	614	610	569	578	538	521	508	489	506	486
Retained Earnings	73	42	18	68	-1.55	2.16	-0.70	-71	-74	-18	-47
Treasury Stock	-35	-36	-32	-39	-78	-72	-49	-52	-16	-48	-57
Accumulated Other Comprehensive Income / (Loss)	-11	-6.28	-5.48	-4.31	-4.42	-3.74	-2.92	-2.30	1.18	3.56	1.73

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

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	10/1/2016	9/30/2017	9/29/2018	9/28/2019	10/3/2020	10/2/2021	10/1/2022	9/30/2023	9/28/2024	9/27/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	10.12%	14.56%	10.89%	5.20%	29.44%	2.07%	-5.54%	-8.29%	-4.93%
EBITDA Growth	0.00%	1,733.01%	28.79%	14.22%	-52.72%	1,108.02%	-44.51%	-58.64%	-68.78%	-60.92%
EBIT Growth	0.00%	62.98%	18.05%	70.85%	-603.83%	864.16%	-57.03%	-107.50%	-662.22%	-47.29%
NOPAT Growth	0.00%	49.44%	43.14%	164.21%	-577.86%	921.55%	-43.95%	-45.27%	-170.00%	-5.04%
Net Income Growth	0.00%	62.80%	-9.76%	69.46%	-322.05%	888.44%	-57.51%	-115.25%	-271.29%	-60.29%
EPS Growth	0.00%	64.79%	4.00%	79.17%	-260.00%	727.78%	-56.64%	-116.33%	-287.50%	-64.52%
Operating Cash Flow Growth	0.00%	47.73%	-52.20%	294.62%	34.28%	56.33%	-111.16%	455.29%	89.14%	-27.93%
Free Cash Flow Firm Growth	0.00%	0.00%	-236.77%	263.69%	-26.85%	251.24%	-287.89%	113.12%	62.53%	-22.49%
Invested Capital Growth	0.00%	0.00%	3,392.93%	-191.55%	-241.98%	15.94%	502.00%	4.47%	-30.48%	-38.45%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	1.71%	3.57%	1.16%	-2.41%	-0.67%	-3.17%	2.31%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-48.40%	148.86%	-14.77%	-32.84%	491.90%	-65.61%	126.96%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-110.92%	70.20%	-17.12%	-44.68%	86.80%	-319.10%	33.56%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-85.33%	59.65%	-12.31%	-36.57%	231.36%	-175.92%	40.92%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-120.62%	70.47%	-14.62%	-45.09%	76.16%	-134.14%	19.95%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-108.33%	72.31%	-23.13%	-39.51%	72.41%	-158.33%	19.05%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-9.65%	-4.04%	74.46%	-22.22%	-134.40%	490.59%	-23.99%	42.25%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	331.55%	-35.67%	-81.23%	122.69%	-67.87%	355.51%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	-141.59%	-111.99%	15.18%	40.71%	-7.30%	10.49%	-12.15%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	44.76%	45.95%	43.03%	41.83%	43.12%	47.18%	45.45%	43.29%	45.41%	43.69%
EBITDA Margin	0.14%	2.29%	2.58%	2.66%	1.19%	11.14%	6.06%	2.65%	0.90%	0.37%
Operating Margin	-3.43%	-1.57%	-0.78%	0.45%	-2.05%	9.03%	5.11%	-1.24%	-3.17%	-3.50%
EBIT Margin	-3.67%	-1.23%	-0.88%	-0.23%	-1.55%	9.17%	3.86%	-0.31%	-2.55%	-3.95%
Profit (Net Income) Margin	-4.24%	-1.43%	-1.37%	-0.38%	-1.52%	9.24%	3.85%	-0.62%	-2.51%	-4.24%
Tax Burden Percent	107.43%	86.12%	107.26%	442.94%	100.16%	101.06%	98.04%	-233.82%	140.50%	121.08%
Interest Burden Percent	107.52%	134.78%	144.94%	36.77%	97.52%	99.72%	101.63%	-86.60%	70.20%	88.64%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	-1.06%	1.96%	333.82%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	-47.46%	349.48%	0.00%	0.00%	81.81%	16.45%	-13.30%	-21.08%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	-40.56%	353.07%	0.00%	0.00%	86.26%	40.01%	-11.25%	-9.57%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	37.01%	-351.43%	0.00%	0.00%	-69.88%	-18.35%	5.24%	5.48%
Return on Equity (ROE)	0.00%	-15.73%	-10.45%	-1.95%	-6.95%	36.59%	11.93%	-1.90%	-8.05%	-15.60%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-126.04%	0.00%	0.00%	0.00%	-94.15%	12.08%	22.67%	26.52%
Operating Return on Assets (OROA)	0.00%	-3.06%	-2.03%	-0.43%	-2.61%	16.10%	5.81%	-0.46%	-4.03%	-6.55%
Return on Assets (ROA)	0.00%	-3.55%	-3.16%	-0.71%	-2.55%	16.23%	5.79%	-0.94%	-3.98%	-7.03%
Return on Common Equity (ROCE)	0.00%	0.00%	-7.29%	-1.95%	-6.95%	36.59%	11.93%	-1.90%	-8.05%	-15.60%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	-7.49%	-1.70%	-6.75%	27.87%	12.02%	-1.98%	-8.90%	0.00%
Net Operating Profit after Tax (NOPAT)	-22	-11	-6.21	3.99	-19	157	88	48	-34	-35
NOPAT Margin	-2.40%	-1.10%	-0.55%	0.32%	-1.44%	9.12%	5.01%	2.90%	-2.22%	-2.45%
Net Nonoperating Expense Percent (NNEP)	0.00%	-7.22%	-6.89%	-3.60%	-0.31%	0.39%	-4.46%	-23.56%	-2.05%	-11.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-9.95%
Cost of Revenue to Revenue	55.24%	54.05%	56.97%	58.17%	56.88%	52.82%	54.55%	56.71%	54.59%	56.31%
SG&A Expenses to Revenue	7.60%	7.77%	7.49%	8.16%	9.12%	8.90%	9.73%	10.18%	9.37%	8.30%
R&D to Revenue	11.95%	12.53%	12.50%	13.58%	16.19%	13.40%	14.61%	18.18%	20.06%	19.40%
Operating Expenses to Revenue	48.18%	47.52%	43.82%	41.37%	45.18%	38.16%	40.34%	44.53%	48.58%	47.18%
Earnings before Interest and Taxes (EBIT)	-33	-12	-10	-2.93	-21	157	68	-5.07	-39	-57
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1.24	23	29	33	16	191	106	44	14	5.36
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	7,716.05	7.70	5.11	5.76	7.13	3.16	3.19	3.43	5.21
Price to Tangible Book Value (P/TBV)	0.00	7,716.05	7.70	5.13	6.70	7.39	3.87	3.96	4.44	9.39
Price to Revenue (P/Rev)	0.23	0.21	1.41	1.14	1.29	2.36	1.01	1.00	0.97	1.28
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	26.25	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%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.81%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	52.71	0.00	0.00	0.00	5.23	4.81	6.02	12.70
Enterprise Value to Revenue (EV/Rev)	0.00	0.21	1.25	0.90	1.00	1.99	0.85	0.87	0.82	1.12
Enterprise Value to EBITDA (EV/EBITDA)	0.00	9.11	48.54	33.77	84.15	17.87	14.08	32.70	91.16	302.88
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	21.71	22.09	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	283.46	0.00	21.82	17.02	29.88	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	3.24	46.55	9.37	8.22	13.50	0.00	14.30	6.58	11.85
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	20.30	32.69	23.87	0.00	40.70	21.79	36.50
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.44	0.19	0.12	0.08	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.44	0.16	0.09	0.06	0.00	0.00	0.00	0.00	0.00
Financial Leverage	0.00	-1.01	-0.91	-1.00	-1.19	-1.18	-0.81	-0.46	-0.47	-0.57
Leverage Ratio	0.00	4.43	3.31	2.76	2.73	2.26	2.06	2.03	2.03	2.22
Compound Leverage Factor	0.00	5.97	4.79	1.01	2.66	2.25	2.09	-1.76	1.42	1.97
Debt to Total Capital	0.00%	30.47%	16.03%	10.56%	7.72%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	2.69%	2.65%	2.07%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	30.47%	13.34%	7.91%	5.65%	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%
Noncontrolling Interests to Total Capital	0.00%	69.51%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	0.02%	83.97%	89.44%	92.28%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	1.74	1.36	0.99	1.57	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-4.01	-6.19	-9.13	-24.15	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	1.74	1.13	0.74	1.15	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	-3.62	-6.40	8.32	-1.31	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	8.35	29.19	-76.62	20.06	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	-3.62	-5.33	6.23	-0.96	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	0.00	2.36	4.34	3.49	3.53	6.66	3.68	4.04	3.49	3.93
Noncontrolling Interest Sharing Ratio	0.00%	99.97%	30.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.35	1.68	1.69	1.68	2.01	1.62	1.86	1.51	1.43
Quick Ratio	0.00	0.80	0.99	1.10	1.18	1.56	0.70	0.81	0.73	0.83
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-10	-34	56	41	143	-269	35	57	44
Operating Cash Flow to CapEx	82.43%	190.62%	85.52%	519.49%	490.35%	556.16%	-61.15%	199.67%	343.74%	477.29%
Free Cash Flow to Firm to Interest Expense	0.00	-2.31	-6.49	22.29	27.41	241.79	-487.21	48.12	130.00	95.56
Operating Cash Flow to Interest Expense	0.00	14.60	5.83	48.27	108.93	427.75	-51.20	136.98	430.63	294.34
Operating Cash Flow Less CapEx to Interest Expense	0.00	6.94	-0.99	38.98	86.72	350.84	-134.92	68.38	305.35	232.67
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	2.48	2.30	1.87	1.68	1.76	1.51	1.51	1.58	1.66
Accounts Receivable Turnover	0.00	20.96	18.86	14.33	16.82	22.05	17.35	19.61	27.08	26.16
Inventory Turnover	0.00	4.71	4.22	3.55	3.77	4.96	2.99	2.34	2.87	4.04
Fixed Asset Turnover	0.00	10.43	12.60	15.42	19.09	25.99	22.25	19.11	16.05	16.55
Accounts Payable Turnover	0.00	4.69	4.18	3.28	3.00	3.90	3.47	3.58	4.33	4.29
Days Sales Outstanding (DSO)	0.00	17.42	19.35	25.47	21.70	16.55	21.04	18.61	13.48	13.95
Days Inventory Outstanding (DIO)	0.00	77.47	86.52	102.75	96.92	73.66	122.07	155.68	127.30	90.39
Days Payable Outstanding (DPO)	0.00	77.90	87.25	111.24	121.51	93.66	105.14	101.82	84.25	85.04
Cash Conversion Cycle (CCC)	0.00	16.98	18.62	16.98	-2.90	-3.45	37.96	72.47	56.52	19.30
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-0.82	27	-25	-85	-71	286	298	207	128
Invested Capital Turnover	0.00	-2,420.80	86.85	1,104.53	-24.28	-22.07	16.33	5.67	6.00	8.61
Increase / (Decrease) in Invested Capital	0.00	-0.82	28	-52	-60	13	357	13	-91	-80
Enterprise Value (EV)	0.00	207	1,423	1,131	1,332	3,417	1,494	1,436	1,249	1,622
Market Capitalization	208	208	1,605	1,436	1,715	4,057	1,769	1,656	1,470	1,849
Book Value per Share	$0.00	$0.00	$2.08	$2.64	$2.69	$4.52	$4.40	$4.04	$3.54	$2.94
Tangible Book Value per Share	$0.00	$0.00	$2.08	$2.63	$2.31	$4.37	$3.59	$3.26	$2.74	$1.63
Total Capital	0.00	130	248	314	323	569	561	519	429	355
Total Debt	0.00	40	40	33	25	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	40	33	25	18	0.00	0.00	0.00	0.00	0.00
Net Debt	0.00	-91	-181	-306	-382	-640	-275	-220	-221	-228
Capital Expenditures (CapEx)	53	34	36	23	33	46	46	50	55	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-53	-13	-54	-133	-159	57	85	-36	-76
Debt-free Net Working Capital (DFNWC)	0.00	78	208	285	274	481	332	305	185	152
Net Working Capital (NWC)	0.00	78	201	277	267	481	332	305	185	152
Net Nonoperating Expense (NNE)	17	3.29	9.39	8.76	1.05	-1.98	20	58	4.51	26
Net Nonoperating Obligations (NNO)	0.00	-91	-181	-306	-382	-640	-275	-220	-221	-228
Total Depreciation and Amortization (D&A)	34	35	39	36	36	34	39	49	52	62
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-5.30%	-1.16%	-4.27%	-10.05%	-9.25%	3.25%	5.15%	-2.39%	-5.26%
Debt-free Net Working Capital to Revenue	0.00%	7.88%	18.29%	22.60%	20.66%	28.04%	18.93%	18.45%	12.18%	10.51%
Net Working Capital to Revenue	0.00%	7.88%	17.70%	21.94%	20.16%	28.04%	18.93%	18.45%	12.18%	10.51%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($0.24)	($0.05)	($0.18)	$1.30	$0.53	($0.08)	($0.31)	($0.51)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	100.95M	108.42M	112.85M	122.25M	127.69M	127.70M	123.22M	120.75M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($0.24)	($0.05)	($0.18)	$1.13	$0.49	($0.08)	($0.31)	($0.51)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	100.95M	108.42M	112.85M	140.31M	137.76M	127.70M	123.22M	120.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($0.24)	($0.05)	($0.18)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	65.71M	103.78M	109.81M	127.13M	126.69M	125.15M	121.76M	120.24M
Normalized Net Operating Profit after Tax (NOPAT)	-22	-11	-6.21	3.99	-19	108	88	-14	-34	-35
Normalized NOPAT Margin	-2.40%	-1.10%	-0.55%	0.32%	-1.44%	6.32%	5.01%	-0.87%	-2.22%	-2.45%
Pre Tax Income Margin	-3.95%	-1.66%	-1.28%	-0.09%	-1.51%	9.14%	3.92%	0.27%	-1.79%	-3.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-2.80	-1.91	-1.17	-13.85	265.83	122.51	-6.92	-87.70	-122.51
NOPAT to Interest Expense	0.00	-2.49	-1.19	1.60	-12.82	264.55	159.02	65.54	-76.26	-75.97
EBIT Less CapEx to Interest Expense	0.00	-10.46	-8.73	-10.46	-36.07	188.92	38.79	-75.53	-212.98	-184.18
NOPAT Less CapEx to Interest Expense	0.00	-10.16	-8.00	-7.70	-35.04	187.64	75.29	-3.06	-201.54	-137.64
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%
Augmented Payout Ratio	-0.38%	-70.45%	-31.15%	-63.18%	-303.48%	61.70%	222.79%	-973.95%	-338.22%	-132.45%

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

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	9/30/2023	12/30/2023	3/30/2024	6/29/2024	9/28/2024	12/28/2024	3/29/2025	6/28/2025	9/27/2025	12/27/2025	3/28/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	120,872,657.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	120,872,657.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.24
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.52%	-8.88%	-16.93%	6.37%	-16.31%	-10.12%	2.81%	-13.19%	12.73%	-0.94%	8.38%
EBITDA Growth	63.31%	-15.84%	-30.35%	390.48%	-123.62%	-41.41%	27.22%	-38.57%	53.33%	91.77%	54.20%
EBIT Growth	48.77%	-18.12%	-23.65%	151.04%	-83.99%	-53.25%	17.82%	-122.40%	44.61%	138.72%	46.20%
NOPAT Growth	52.78%	19.47%	-24.00%	124.81%	-144.57%	-20.56%	13.72%	-155.54%	50.40%	67.35%	48.43%
Net Income Growth	51.24%	7.66%	-127.42%	115.74%	-69.96%	-37.94%	-0.62%	-191.10%	28.69%	86.71%	58.82%
EPS Growth	47.73%	12.28%	-133.33%	116.67%	-82.61%	-37.50%	-3.57%	-200.00%	28.57%	87.50%	58.62%
Operating Cash Flow Growth	121.36%	51.08%	1.52%	614.34%	-270.01%	-43.29%	46.36%	-41.02%	107.74%	4.57%	-9.57%
Free Cash Flow Firm Growth	91.82%	165.97%	122.49%	203.03%	229.99%	-71.60%	-99.64%	-70.72%	31.30%	275.47%	724.62%
Invested Capital Growth	4.47%	-37.04%	-36.35%	-41.68%	-30.48%	11.18%	-21.29%	-22.59%	-38.45%	-43.49%	-15.09%
Revenue Q/Q Growth	-18.27%	100.84%	-58.77%	57.18%	-35.70%	115.70%	-52.85%	32.73%	-16.49%	89.53%	-48.41%
EBITDA Q/Q Growth	-177.19%	581.68%	-161.88%	135.16%	-313.39%	226.21%	-176.86%	129.68%	-262.13%	618.59%	-118.43%
EBIT Q/Q Growth	-76.74%	356.62%	-182.54%	113.63%	-737.10%	165.21%	-245.09%	96.28%	-1,475.44%	381.03%	-132.80%
NOPAT Q/Q Growth	-33.41%	449.60%	-171.56%	107.43%	-1,415.36%	213.56%	-177.72%	95.22%	-1,074.74%	483.13%	-123.95%
Net Income Q/Q Growth	-32.53%	359.12%	-186.12%	105.32%	-1,531.46%	194.62%	-239.63%	95.18%	-1,020.39%	347.76%	-130.80%
EPS Q/Q Growth	-27.78%	378.26%	-187.50%	105.36%	-1,500.00%	195.24%	-245.00%	94.83%	-900.00%	350.00%	-132.00%
Operating Cash Flow Q/Q Growth	149.75%	1,140.82%	-140.39%	157.07%	-159.44%	513.88%	-138.21%	162.75%	-92.20%	5,490.79%	-140.03%
Free Cash Flow Firm Q/Q Growth	75.62%	541.92%	-54.27%	109.11%	-69.24%	-3.46%	-99.43%	17,059.74%	37.95%	176.08%	-98.74%
Invested Capital Q/Q Growth	-7.30%	-57.42%	59.32%	-7.25%	10.49%	-31.91%	12.80%	-8.79%	-12.15%	-37.48%	69.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	41.96%	46.12%	44.34%	48.25%	40.34%	43.82%	43.74%	43.43%	43.69%	46.45%	44.28%
EBITDA Margin	-6.93%	16.62%	-24.94%	5.58%	-18.51%	10.83%	-17.66%	3.95%	-7.66%	20.97%	-7.49%
Operating Margin	-9.30%	13.00%	-28.09%	3.17%	-27.16%	8.73%	-23.57%	-0.85%	-11.95%	18.40%	-11.22%
EBIT Margin	-11.49%	14.68%	-29.39%	2.55%	-25.26%	7.64%	-23.50%	-0.66%	-12.41%	18.40%	-11.70%
Profit (Net Income) Margin	-10.24%	13.21%	-27.59%	0.93%	-20.79%	9.12%	-27.00%	-0.98%	-13.15%	17.19%	-10.26%
Tax Burden Percent	95.98%	87.10%	98.95%	29.32%	85.24%	114.66%	118.55%	415.62%	110.27%	91.90%	92.79%
Interest Burden Percent	92.83%	103.30%	94.87%	124.92%	96.56%	104.16%	96.95%	35.85%	96.08%	101.65%	94.51%
Effective Tax Rate	0.00%	12.90%	0.00%	70.68%	0.00%	-14.66%	0.00%	0.00%	0.00%	8.10%	0.00%
Return on Invested Capital (ROIC)	-36.88%	109.89%	-116.64%	5.72%	-114.12%	108.63%	-133.45%	-5.04%	-72.05%	219.99%	-77.79%
ROIC Less NNEP Spread (ROIC-NNEP)	-32.28%	107.32%	-109.81%	5.71%	-112.06%	109.87%	-122.85%	-4.54%	-65.91%	219.55%	-74.92%
Return on Net Nonoperating Assets (RNNOA)	14.81%	-78.57%	58.17%	-2.95%	52.22%	-82.15%	72.16%	2.79%	37.73%	-166.35%	46.15%
Return on Equity (ROE)	-22.07%	31.32%	-58.47%	2.77%	-61.90%	26.49%	-61.28%	-2.25%	-34.32%	53.64%	-31.65%
Cash Return on Invested Capital (CROIC)	12.08%	33.90%	33.42%	70.03%	22.67%	-52.14%	-3.23%	-10.44%	26.52%	51.77%	30.46%
Operating Return on Assets (OROA)	-17.36%	20.22%	-45.73%	3.95%	-39.97%	10.72%	-40.02%	-1.03%	-20.59%	27.69%	-20.93%
Return on Assets (ROA)	-15.47%	18.19%	-42.92%	1.45%	-32.90%	12.81%	-46.00%	-1.54%	-21.82%	25.87%	-18.36%
Return on Common Equity (ROCE)	-22.07%	31.32%	-58.47%	2.77%	-61.90%	26.49%	-61.28%	-2.25%	-34.32%	53.64%	-31.65%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-0.76%	-8.82%	-3.51%	0.00%	-14.68%	-18.10%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-20	69	-50	3.69	-49	55	-43	-2.05	-24	92	-22
NOPAT Margin	-6.51%	11.33%	-19.66%	0.93%	-19.01%	10.01%	-16.50%	-0.59%	-8.37%	16.91%	-7.85%
Net Nonoperating Expense Percent (NNEP)	-4.60%	2.57%	-6.83%	0.01%	-2.05%	-1.23%	-10.60%	-0.50%	-6.14%	0.44%	-2.87%
Return On Investment Capital (ROIC_SIMPLE)	-	11.68%	-10.06%	-	-	11.75%	-11.19%	-0.51%	-6.78%	20.82%	-5.75%
Cost of Revenue to Revenue	58.04%	53.88%	55.66%	51.75%	59.66%	56.18%	56.26%	56.57%	56.31%	53.55%	55.72%
SG&A Expenses to Revenue	10.58%	6.49%	16.16%	8.36%	11.13%	4.69%	12.78%	8.80%	10.59%	5.13%	10.55%
R&D to Revenue	21.47%	12.93%	31.79%	18.69%	27.71%	14.68%	29.81%	17.33%	21.52%	10.95%	22.78%
Operating Expenses to Revenue	51.26%	33.12%	72.43%	45.08%	67.50%	35.09%	67.31%	44.28%	55.64%	28.05%	55.49%
Earnings before Interest and Taxes (EBIT)	-35	90	-74	10	-65	42	-61	-2.27	-36	100	-33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-21	102	-63	22	-47	60	-46	14	-22	114	-21
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.19	3.70	4.78	3.91	3.43	3.90	3.35	3.23	5.21	4.90	3.99
Price to Tangible Book Value (P/TBV)	3.96	5.23	5.97	4.93	4.44	6.06	5.87	5.40	9.39	7.51	6.57
Price to Revenue (P/Rev)	1.00	1.38	1.53	1.16	0.97	1.26	0.88	0.91	1.28	1.51	1.05
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	64.84
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%	1.54%
Enterprise Value to Invested Capital (EV/IC)	4.81	13.62	10.22	8.19	6.02	10.63	6.65	7.12	12.70	22.68	9.50
Enterprise Value to Revenue (EV/Rev)	0.87	1.08	1.34	0.98	0.82	1.03	0.72	0.73	1.12	1.26	0.88
Enterprise Value to EBITDA (EV/EBITDA)	32.70	70.00	205.76	38.59	91.16	0.00	0.00	0.00	302.88	29.88	14.80
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	975.99	40.82
Enterprise Value to NOPAT (EV/NOPAT)	29.88	0.00	0.00	34.70	0.00	0.00	0.00	0.00	0.00	0.00	61.72
Enterprise Value to Operating Cash Flow (EV/OCF)	14.30	8.94	10.60	6.15	6.58	21.24	8.67	10.75	11.85	12.57	9.30
Enterprise Value to Free Cash Flow (EV/FCFF)	40.70	31.05	23.79	8.61	21.79	0.00	0.00	0.00	36.50	31.64	28.66
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	-0.46	-0.73	-0.53	-0.52	-0.47	-0.75	-0.59	-0.61	-0.57	-0.76	-0.62
Leverage Ratio	2.03	1.89	1.79	1.92	2.03	1.95	1.96	2.08	2.22	2.09	2.13
Compound Leverage Factor	1.88	1.95	1.70	2.40	1.96	2.03	1.90	0.75	2.13	2.13	2.01
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	3.94	4.76	5.05	4.16	3.40	4.17	3.60	3.60	4.01	4.74	3.84
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	1.86	2.02	1.92	1.65	1.51	1.64	1.56	1.59	1.43	1.65	1.58
Quick Ratio	0.81	1.46	1.19	1.11	0.73	1.11	0.91	1.10	0.83	1.24	1.01
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-33	144	66	138	42	41	0.24	40	56	154	1.94
Operating Cash Flow to CapEx	217.58%	4,531.86%	-1,092.13%	273.47%	-239.28%	1,191.61%	-1,073.90%	787.24%	55.55%	2,740.97%	-1,368.80%
Free Cash Flow to Firm to Interest Expense	-218.95	1,373.01	540.37	1,300.51	392.64	372.17	2.16	344.95	431.61	1,325.13	18.65
Operating Cash Flow to Interest Expense	148.96	2,622.87	-911.84	598.90	-349.39	1,419.75	-547.39	320.01	22.64	1,407.82	-628.60
Operating Cash Flow Less CapEx to Interest Expense	80.50	2,564.99	-995.33	379.90	-495.41	1,300.61	-598.37	279.36	-18.12	1,356.46	-674.52
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.51	1.38	1.56	1.55	1.58	1.40	1.70	1.57	1.66	1.50	1.79
Accounts Receivable Turnover	19.61	16.75	20.06	12.73	27.08	17.59	26.57	12.50	26.16	14.31	21.48
Inventory Turnover	2.34	3.68	3.36	3.77	2.87	5.15	5.12	5.94	4.04	5.98	5.39
Fixed Asset Turnover	19.11	18.57	17.58	15.89	16.05	16.01	16.79	15.35	16.55	17.91	19.59
Accounts Payable Turnover	3.58	4.27	5.57	5.20	4.33	4.77	6.79	4.97	4.29	4.35	5.74
Days Sales Outstanding (DSO)	18.61	21.79	18.19	28.66	13.48	20.76	13.74	29.21	13.95	25.52	16.99
Days Inventory Outstanding (DIO)	155.68	99.20	108.67	96.88	127.30	70.91	71.34	61.44	90.39	61.08	67.74
Days Payable Outstanding (DPO)	101.82	85.39	65.55	70.19	84.25	76.45	53.72	73.48	85.04	83.94	63.58
Cash Conversion Cycle (CCC)	72.47	35.60	61.31	55.36	56.52	15.22	31.36	17.17	19.30	2.65	21.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	298	127	202	188	207	141	159	145	128	80	135
Invested Capital Turnover	5.67	9.70	5.93	6.15	6.00	10.85	8.09	8.47	8.61	13.01	9.91
Increase / (Decrease) in Invested Capital	13	-75	-116	-134	-91	14	-43	-42	-80	-61	-24
Enterprise Value (EV)	1,436	1,731	2,069	1,537	1,249	1,501	1,060	1,035	1,622	1,810	1,286
Market Capitalization	1,656	2,198	2,360	1,814	1,470	1,829	1,284	1,289	1,849	2,174	1,535
Book Value per Share	$4.04	$4.75	$3.99	$3.78	$3.54	$3.85	$3.22	$3.33	$2.94	$3.69	$3.18
Tangible Book Value per Share	$3.26	$3.36	$3.19	$2.99	$2.74	$2.48	$1.84	$1.99	$1.63	$2.41	$1.93
Total Capital	519	594	494	464	429	469	383	399	355	443	384
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	-220	-467	-292	-277	-221	-328	-224	-254	-228	-363	-249
Capital Expenditures (CapEx)	10	6.08	10	23	16	13	5.56	4.76	5.26	5.96	4.78
Debt-free, Cash-free Net Working Capital (DFCFNWC)	85	-84	-12	-39	-36	-88	-60	-66	-76	-111	-50
Debt-free Net Working Capital (DFNWC)	305	383	280	238	185	240	163	188	152	252	199
Net Working Capital (NWC)	305	383	280	238	185	240	163	188	152	252	199
Net Nonoperating Expense (NNE)	11	-12	20	-0.02	4.53	4.91	27	1.33	14	-1.52	6.78
Net Nonoperating Obligations (NNO)	-220	-467	-292	-277	-221	-328	-224	-254	-228	-363	-249
Total Depreciation and Amortization (D&A)	14	12	11	12	17	18	15	16	14	14	12
Debt-free, Cash-free Net Working Capital to Revenue	5.15%	-5.29%	-0.77%	-2.49%	-2.39%	-6.03%	-4.11%	-4.71%	-5.26%	-7.75%	-3.43%
Debt-free Net Working Capital to Revenue	18.45%	24.00%	18.11%	15.15%	12.18%	16.48%	11.17%	13.29%	10.51%	17.53%	13.63%
Net Working Capital to Revenue	18.45%	24.00%	18.11%	15.15%	12.18%	16.48%	11.17%	13.29%	10.51%	17.53%	13.63%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.25)	$0.65	($0.56)	$0.03	($0.43)	$0.41	($0.58)	($0.03)	($0.31)	$0.78	($0.24)
Adjusted Weighted Average Basic Shares Outstanding	127.70M	125.18M	123.75M	122.55M	123.22M	122.07M	119.92M	120.42M	120.75M	120.49M	120.21M
Adjusted Diluted Earnings per Share	($0.23)	$0.64	($0.56)	$0.03	($0.42)	$0.40	($0.58)	($0.03)	($0.30)	$0.75	($0.24)
Adjusted Weighted Average Diluted Shares Outstanding	127.70M	126.74M	123.75M	127.25M	123.22M	124.73M	119.92M	120.42M	120.75M	124.66M	120.21M
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	125.15M	123.84M	122.90M	121.01M	121.76M	119.08M	120.09M	120.88M	120.24M	120.87M	119.13M
Normalized Net Operating Profit after Tax (NOPAT)	-20	69	-50	8.81	-49	34	-43	-2.05	-24	92	-22
Normalized NOPAT Margin	-6.51%	11.33%	-19.66%	2.22%	-19.01%	6.11%	-16.50%	-0.59%	-8.37%	16.91%	-7.85%
Pre Tax Income Margin	-10.67%	15.16%	-27.88%	3.18%	-24.39%	7.95%	-22.78%	-0.24%	-11.93%	18.71%	-11.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-235.30	856.85	-608.71	95.52	-597.28	382.40	-559.92	-19.38	-276.98	865.66	-316.69
NOPAT to Interest Expense	-133.25	661.07	-407.15	34.83	-449.62	501.29	-393.18	-17.52	-186.71	795.52	-212.52
EBIT Less CapEx to Interest Expense	-303.76	798.97	-692.20	-123.48	-743.30	263.25	-610.89	-60.03	-317.74	814.29	-362.62
NOPAT Less CapEx to Interest Expense	-201.72	603.19	-490.64	-184.17	-595.64	382.15	-444.15	-58.17	-227.47	744.15	-258.45
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	-973.95%	-2,403.21%	-335.67%	-1,311.16%	-338.22%	-192.72%	-163.61%	-79.71%	-132.45%	-448.27%	361.15%

Financials Breakdown Chart

Key Financial Trends

Below is a concise, investor-focused summary of Sonos (SONO) using the latest quarterly data from the last four years. The focus is on revenue, profitability, cash flow, and liquidity trends across the quarterly statements.

Profitability revival in Q1 2026: Consolidated Net Income / (Loss) to common shareholders was $93.8 million, with basic EPS of $0.78 and diluted EPS of $0.75, signaling a return to quarterly profitability.
Strong cash flow from operations in Q1 2026: Net cash from continuing operating activities was $163.3 million, highlighting solid cash generation from core operations.
Healthy revenue and gross margin in Q1 2026: Operating revenue of $545.7 million and gross profit of $253.46 million yield a gross margin around the mid-40s percent range (≈46%), supportive of earnings leverage.
Positive operating profitability in Q1 2026: Total operating income of $100.42 million indicates improved operating performance versus periods ofました margin pressure.
Improved liquidity position in Q1 2026: Net change in cash and equivalents was about $137.8 million, bringing the cash balance to roughly $312.5 million, enhancing liquidity headroom.
Shareholder value signal through buybacks: The company conducted a modest share repurchase in Q1 2026, reflecting ongoing capital-return activity that can support per-share metrics.

Current liquidity snapshot: As of Q1 2026, Total Current Assets were about $640.2 million vs. Total Current Liabilities of $388.2 million (roughly a 1.65x current ratio), indicating solid short-term liquidity but not an outsized cushion.
Capex activity relatively modest: Purchase of Property, Plant & Equipment in Q1 2026 was about $5.96 million, suggesting continued but measured investment in capacity/assets.

Profitability volatility over the past few quarters: Several quarters since 2024 show net losses (e.g., Q4 2025 net income −$37.9 million; Q2 2025 net income −$70.1 million), highlighting ongoing earnings volatility.
Cash outflows tied to financing actions: Recurrent cash outlays for share repurchases and debt-related activities in multiple quarters (e.g., notable equity repurchases in late 2024–2025) have pressured near-term cash balances despite operating strength in some periods.

05/09/26 05:06 PM ETAI Generated. May Contain Errors.

Sonos Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Sonos' financial year ends in September. Their financial year 2025 ended on September 27, 2025.

Sonos' net income appears to be on an upward trend, with a most recent value of -$61.14 million in 2025, rising from -$38.21 million in 2016. The previous period was -$38.15 million in 2024. View Sonos' forecast to see where analysts expect Sonos to go next.

Sonos' total operating income in 2025 was -$50.47 million, based on the following breakdown:

Total Gross Profit: $630.53 million
Total Operating Expenses: $681.00 million

Over the last 9 years, Sonos' total revenue changed from $901.28 million in 2016 to $1.44 billion in 2025, a change of 60.1%.

Sonos' total liabilities were at $468.05 million at the end of 2025, a 4.0% decrease from 2024, and a 51.2% increase since 2017.

In the past 8 years, Sonos' cash and equivalents has ranged from $130.60 million in 2017 to $640.10 million in 2021, and is currently $174.67 million as of their latest financial filing in 2025.

Over the last 9 years, Sonos' book value per share changed from 0.00 in 2016 to 2.94 in 2025, a change of 293.9%.

Related Companies

Financial statements for NASDAQ:SONO last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Sonos (SONO) Financials

Financials Breakdown Chart

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Sonos (SONO) Financials

Annual Income Statements for Sonos

Quarterly Income Statements for Sonos

Annual Cash Flow Statements for Sonos

Quarterly Cash Flow Statements for Sonos

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Quarterly Balance Sheets for Sonos

Annual Metrics And Ratios for Sonos

Quarterly Metrics And Ratios for Sonos

Financials Breakdown Chart

Key Financial Trends

Sonos Financials - Frequently Asked Questions

When does Sonos' fiscal year end?

How has Sonos' net income changed over the last 9 years?

What is Sonos' operating income?

How has Sonos' revenue changed over the last 9 years?

How much debt does Sonos have?

How much cash does Sonos have?

How has Sonos' book value per share changed over the last 9 years?

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