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Sonos, Inc.

Sonos, Inc.

NASDAQ•SONO
CEO: Mr. Thomas Conrad
Sector: Technology
Industry: Consumer Electronics
Listing Date: 2018-08-02
Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers wireless, portable, and home theater speakers; and headphones, components, and accessories. It offers its products through physical stores, websites, online retailers, and custom installers. The company was formerly known as Rincon Audio, Inc. and changed its name to Sonos, Inc. in May 2004. Sonos, Inc. was incorporated in 2002 and is headquartered in Santa Barbara, California.
Contact Information
301 Coromar Drive, Santa Barbara, CA, 93117, United States
805-965-3001
www.sonos.com
Market Cap
$2.00B
P/E (TTM)
-32.7
36.4
Dividend Yield
--
52W High
$18.06
52W Low
$7.63
52W Range
86%
3.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q4 2025 Data

Revenue

$287.90M+12.73%
4-Quarter Trend

EPS

-$0.31-27.91%
4-Quarter Trend

FCF

-$2.34M-95.63%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Decline Total revenue decreased 8.5% for nine months to $1.155B USD, driven by softer demand and lapping Ace launch.
Gross Margin Compression Noted Gross margin fell 270 basis points to 43.7% for nine months, impacted by inventory write-downs and reorganization efforts.
Operating Expenses Reduced Net operating expenses decreased 11.5% to $498.6M USD for nine months, reflecting cost transformation savings realization.
Cash Flow Remains Positive Net cash provided by operating activities totaled $133.948M USD for nine months despite reporting a net loss.

Risk Factors

Nine Month Net Loss Reported net loss of $(23.286)M USD for nine months, reversing prior period's $14.947M net income.
Core Speaker Revenue Drop Sonos speakers revenue declined 7.7% for nine months, impacted by expected declines in Arc and Sonos One sales.
Macroeconomic Uncertainty Exposure Business faces volatility from inflation, geopolitical conflicts, and uncertain consumer demand impacting product demand.
Ongoing Google Litigation Risk Patent infringement lawsuits against Google remain active, though current loss impact is not reasonably estimable.

Outlook

Cost Transformation Savings Expected Expecting approximately $20M in savings during remainder of fiscal 2025 from the 2025 restructuring plan.
Supply Chain Partnership Exiting Initiated exit from one contract manufacturer partnership, expected completion by second quarter of fiscal 2026.
New CEO Operational Focus New CEO Tom Conrad driving reorganization to improve efficiency and recommitment to premium customer experience.
Liquidity Position Adequate Existing cash, cash flows, and committed credit lines sufficient for next twelve months working capital needs.

Peer Comparison

Revenue (TTM)

Vishay Intertechnology, Inc.VSH
$2.98B
-0.8%
ePlus inc.PLUS
$2.26B
+6.4%
Teradata CorporationTDC
$1.65B
-8.2%

Gross Margin (Latest Quarter)

Progress Software CorporationPRGS
81.0%
-2.8 pp
Marqeta, Inc.MQ
69.2%
+91.4 pp
Sprinklr, Inc.CXM
68.2%
-4.3 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
TDC$2.59B21.768.8%32.5%
PLUS$2.39B19.512.2%0.0%
MQ$2.15B-34.8-6.4%1.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-19.4%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Jun 28, 2025|Filed: Aug 6, 2025|
    Revenue: $344.76M-13.2%
    |
    EPS: $-0.03-199.0%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Mar 29, 2025|Filed: May 8, 2025|
    Revenue: $259.76M+2.8%
    |
    EPS: $-0.58+3.6%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Dec 28, 2024|Filed: Feb 6, 2025|
    Revenue: $550.86M-10.1%
    |
    EPS: $0.41-36.9%
    Beat

  • Form 10-K - FY 2024

    Period End: Sep 28, 2024|Filed: Nov 15, 2024|
    Revenue: $1.52B-8.3%
    |
    EPS: $-0.31-285.1%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Jun 29, 2024|Filed: Aug 8, 2024|
    Revenue: $397.15M+6.4%
    |
    EPS: $0.03-116.8%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Mar 30, 2024|Filed: May 8, 2024|
    Revenue: $252.66M-16.9%
    |
    EPS: $-0.56+133.3%
    Miss

  • Form 10-Q - Q1 2024

    Period End: Dec 30, 2023|Filed: Feb 7, 2024|
    Revenue: $612.87M-8.9%
    |
    EPS: $0.65+10.2%
    Beat

  • Form 10-K - FY 2023

    Period End: Sep 30, 2023|Filed: Nov 20, 2023|
    Revenue: $1.66B-5.5%
    |
    EPS: $-0.08-115.2%
    Beat