Sonos, Inc. (SONO) 10-Year Financial Performance & Capital Metrics

SONO •

TechnologyConsumer ElectronicsAudio, gaming, and music devices

AboutSonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its Website sonos.com. 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.Show more

Revenue $1.44B -4.9%
EBITDA $12M +173.6%
Net Income -$61M -60.3%
EPS (Diluted) -0.51 -64.5%
Gross Margin 43.69% -3.8%
EBITDA Margin 0.82% +187.8%
Operating Margin -3.5% -10.5%
Net Margin -4.24% -68.6%
ROE -15.6% -93.7%
ROIC -12.28% -15.4%
Debt/Equity 0.32 +112.4%
Interest Coverage -108.53 +0.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 2.0% through buybacks
✓Efficient asset utilization: 1.8x turnover

✗Weaknesses

✗Thin 5Y average net margin of 1.1%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y1.7%

3Y-6.26%

TTM-1.42%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM66.34%

EPS CAGR

10Y-

5Y-

3Y-

TTM62.72%

ROCE

10Y Avg-2.37%

5Y Avg4.22%

3Y Avg-7.02%

Latest-9.89%

Peer Comparison

Audio, gaming, and music devices

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SONYSony Group Corporation	137.51B	23.06	19.16	-0.49%	9.17%	14.64%	7.8%	0.49
TBCHTurtle Beach Corporation	242.16M	12.54	16.08	44.41%	5.26%	16.5%	0.35%	0.87
RIMEAlgorhythm Holdings, Inc.	4.43M	1.76	-0.69	-39.65%	-101.71%	-8.45%
SONOSonos, Inc.	1.89B	15.40	-30.20	-4.93%	-1.22%	-3.97%	5.72%	0.32
KOSSKoss Corporation	39.1M	4.13	-44.22	2.93%	-6.81%	-2.87%		0.08

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	901.28M	992.53M	1.14B	1.26B	1.33B	1.72B	1.75B	1.66B	1.52B	1.44B
Revenue Growth %	-	10.12%	14.56%	10.89%	5.2%	29.44%	2.07%	-5.54%	-8.29%	-4.93%
Cost of Goods Sold+	497.88M	536.46M	647.7M	733.48M	754.37M	906.75M	955.97M	938.76M	828.68M	812.75M
COGS % of Revenue	55.24%	54.05%	56.97%	58.17%	56.88%	52.82%	54.55%	56.71%	54.59%	56.31%
Gross Profit+	403.4M	456.06M	489.31M	527.34M	571.96M	809.99M	796.37M	716.49M	689.37M	630.53M
Gross Margin %	44.76%	45.95%	43.03%	41.83%	43.12%	47.18%	45.45%	43.29%	45.41%	43.69%
Gross Profit Growth %	-	13.06%	7.29%	7.77%	8.46%	41.62%	-1.68%	-10.03%	-3.78%	-8.54%
Operating Expenses+	434.27M	471.67M	498.18M	521.64M	599.19M	655.03M	706.84M	737.04M	737.42M	681M
OpEx % of Revenue	48.18%	47.52%	43.82%	41.37%	45.18%	38.16%	40.34%	44.53%	48.58%	47.18%
Selling, General & Admin	326.54M	347.28M	356.07M	350.47M	384.52M	424.95M	450.76M	426.94M	426.75M	378.13M
SG&A % of Revenue	36.23%	34.99%	31.32%	27.8%	28.99%	24.75%	25.72%	25.79%	28.11%	26.2%
Research & Development	107.73M	124.39M	142.11M	171.17M	214.67M	230.08M	256.07M	301M	304.56M	279.97M
R&D % of Revenue	11.95%	12.53%	12.5%	13.58%	16.19%	13.4%	14.61%	18.18%	20.06%	19.4%
Other Operating Expenses	-2.21M	3.36M	-1.16M	0	0	0	0	9.09M	6.11M	22.9M
Operating Income+	-30.87M	-15.61M	-8.88M	1.42M	-27.23M	154.96M	89.53M	-20.55M	-48.05M	-50.47M
Operating Margin %	-3.43%	-1.57%	-0.78%	0.11%	-2.05%	9.03%	5.11%	-1.24%	-3.16%	-3.5%
Operating Income Growth %	-	49.44%	43.14%	116.03%	-2013.77%	669.03%	-42.22%	-122.95%	-133.83%	-5.04%
EBITDA+	3.45M	19.41M	30.48M	37.84M	9.19M	188.85M	128.04M	28.42M	4.33M	11.85M
EBITDA Margin %	0.38%	1.96%	2.68%	3%	0.69%	11%	7.31%	1.72%	0.29%	0.82%
EBITDA Growth %	-	462.46%	57.09%	24.13%	-75.7%	1954.24%	-32.2%	-77.8%	-84.76%	173.62%
D&A (Non-Cash Add-back)	34.32M	35.01M	39.36M	36.41M	36.43M	33.88M	38.5M	48.97M	52.38M	62.32M
EBIT	-33.08M	-12.25M	-9.31M	5.7M	-18.6M	157.52M	69.28M	5.13M	-26.71M	-50.03M
Net Interest Income+	-2.49M	-4.26M	-4.51M	1.85M	511K	-446K	1.1M	9.47M	11.52M	6.47M
Interest Income	0	0	0	4.35M	2M	146K	1.66M	10.2M	11.96M	6.93M
Interest Expense	2.49M	4.26M	4.51M	2.5M	1.49M	592K	552K	733K	441K	465K
Other Income/Expense	-4.7M	-899K	-5.67M	-6.78M	7.15M	1.96M	-20.8M	24.94M	20.89M	-29K
Pretax Income+	-35.57M	-16.51M	-14.55M	-1.08M	-20.08M	156.93M	68.73M	4.39M	-27.15M	-50.5M
Pretax Margin %	-3.95%	-1.66%	-1.28%	-0.09%	-1.51%	9.14%	3.92%	0.27%	-1.79%	-3.5%
Income Tax+	2.64M	-2.29M	1.06M	3.69M	32K	-1.67M	1.35M	14.67M	10.99M	10.65M
Effective Tax Rate %	107.43%	86.12%	107.26%	442.94%	100.16%	101.06%	98.04%	-233.82%	140.5%	121.08%
Net Income+	-38.21M	-14.22M	-15.6M	-4.77M	-20.11M	158.59M	67.38M	-10.27M	-38.15M	-61.14M
Net Margin %	-4.24%	-1.43%	-1.37%	-0.38%	-1.52%	9.24%	3.85%	-0.62%	-2.51%	-4.24%
Net Income Growth %	-	62.8%	-9.76%	69.46%	-322.05%	888.44%	-57.51%	-115.25%	-271.29%	-60.29%
Net Income (Continuing)	-38.21M	-14.22M	-15.6M	-4.77M	-20.11M	158.59M	67.38M	-10.27M	-38.15M	-61.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.36	-0.13	-0.15	-0.05	-0.18	1.13	0.49	-0.08	-0.31	-0.51
EPS Growth %	-	63.89%	-15.38%	69.4%	-292.16%	727.78%	-56.64%	-116.43%	-285.09%	-64.52%
EPS (Basic)	-0.42	-0.16	-0.16	-0.05	-0.18	1.30	0.53	-0.08	-0.31	-0.51
Diluted Shares Outstanding	105.85M	105.85M	105.24M	103.78M	109.81M	140.31M	137.76M	127.7M	123.22M	120.75M
Basic Shares Outstanding	91.67M	91.67M	99.27M	103.78M	109.81M	122.25M	127.69M	127.7M	123.22M	120.75M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	183.4M	301.47M	497.6M	679.11M	660.38M	957.51M	867.39M	659.63M	551.09M	504.04M
Cash & Short-Term Investments	74.91M	130.59M	220.93M	338.64M	407.1M	640.1M	274.86M	220.23M	221.16M	227.53M
Cash Only	74.91M	130.59M	220.93M	338.64M	407.1M	640.1M	274.86M	220.23M	169.73M	174.67M
Short-Term Investments	0	0	0	0	0	0	0	0	51.43M	52.86M
Accounts Receivable	45.31M	47.36M	73.21M	102.74M	54.94M	100.78M	101.21M	67.58M	44.51M	65.85M
Days Sales Outstanding	18.35	17.42	23.5	29.74	15.12	21.43	21.08	14.9	10.7	16.65
Inventory	53.56M	113.86M	193.19M	219.78M	180.83M	185.13M	454.29M	346.52M	231.5M	171.02M
Days Inventory Outstanding	39.27	77.47	108.87	109.37	87.49	74.52	173.45	134.73	101.97	76.8
Other Current Assets	9.62M	193K	190K	179K	191K	0	0	0	53.91M	39.64M
Total Non-Current Assets+	95.48M	98.55M	89.9M	82.5M	155.67M	181.29M	321M	342.61M	365.23M	319.24M
Property, Plant & Equipment	90.39M	95.13M	85.37M	78.14M	103.13M	105.18M	114.5M	135.99M	152.32M	117.57M
Fixed Asset Turnover	9.97x	10.43x	13.32x	16.14x	12.86x	16.32x	15.30x	12.17x	9.97x	12.28x
Goodwill	1M	1M	0	1M	15.54M	15.54M	77.3M	80.42M	82.85M	82.85M
Intangible Assets	0	0	0	13K	26.39M	24.45M	91.06M	90.01M	88.04M	75.36M
Long-Term Investments	-1M	-1M	0	-1.02M	0	0	0	0	0	0
Other Non-Current Assets	2.54M	2.31M	3.59M	3.2M	8.81M	26.09M	36.63M	16.53M	31.7M	32.95M
Total Assets+	278.88M	400.02M	587.5M	761.61M	816.05M	1.14B	1.19B	1B	916.31M	823.28M
Asset Turnover	3.23x	2.48x	1.94x	1.66x	1.63x	1.51x	1.47x	1.65x	1.66x	1.75x
Asset Growth %	-	43.44%	46.87%	29.64%	7.15%	39.55%	4.35%	-15.66%	-8.57%	-10.15%
Total Current Liabilities+	151.54M	223.27M	296.36M	402.47M	393.01M	476.13M	535.64M	354.22M	366.15M	352.41M
Accounts Payable	77.87M	114.49M	195.16M	251.94M	250.33M	215M	335.76M	187.98M	194.59M	184.11M
Days Payables Outstanding	57.09	77.9	109.98	125.37	121.12	86.54	128.2	73.09	85.71	82.68
Short-Term Debt	0	0	6.67M	8.33M	6.67M	0	0	0	0	0
Deferred Revenue (Current)	7.37M	10.92M	11.62M	13.65M	15.3M	35.87M	27.32M	20.19M	21.8M	21.77M
Other Current Liabilities	31.63M	8.5M	45.37M	83.02M	59.04M	119.91M	131.33M	111.41M	54.43M	118.87M
Current Ratio	1.21x	1.35x	1.68x	1.69x	1.68x	2.01x	1.62x	1.86x	1.51x	1.43x
Quick Ratio	0.86x	0.84x	1.03x	1.14x	1.22x	1.62x	0.77x	0.88x	0.87x	0.94x
Cash Conversion Cycle	0.53	16.98	22.4	13.74	-18.51	9.4	66.34	76.54	26.96	10.77
Total Non-Current Liabilities+	156.13M	176.73M	82.78M	78.2M	125.2M	93.63M	92.24M	129.37M	121.54M	115.64M
Long-Term Debt	24.5M	39.6M	33.1M	24.84M	18.25M	33.96M	25.6M	54.96M	0	53.29M
Capital Lease Obligations	0	0	0	0	50.36M	33.96M	25.6M	54.96M	56.59M	53.29M
Deferred Tax Liabilities	90.34M	90.34M	0	0	2.43M	2.39M	9.64M	9.85M	60K	126K
Other Non-Current Liabilities	102.84M	12.14M	10.33M	10.57M	7.07M	-30.31M	-24.75M	-51.04M	3.82M	-50.51M
Total Liabilities	307.67M	399.99M	379.14M	480.68M	518.21M	569.76M	627.88M	483.58M	487.69M	468.05M
Total Debt+	24.5M	39.6M	39.76M	33.17M	86.19M	44.68M	36.13M	56.11M	64.14M	112.91M
Net Debt	-50.41M	-91M	-181.17M	-305.47M	-320.91M	-595.42M	-238.73M	-164.12M	-105.59M	-121.38M
Debt / Equity	-	1466.67x	0.19x	0.12x	0.29x	0.08x	0.06x	0.11x	0.15x	0.32x
Debt / EBITDA	7.10x	2.04x	1.30x	0.88x	9.38x	0.24x	0.28x	1.97x	14.81x	9.53x
Net Debt / EBITDA	-14.61x	-4.69x	-5.94x	-8.07x	-34.91x	-3.15x	-1.86x	-5.77x	-24.38x	-10.24x
Interest Coverage	-12.40x	-3.66x	-1.97x	0.57x	-18.31x	261.76x	162.20x	-28.03x	-108.95x	-108.53x
Total Equity+	-28.79M	27K	208.36M	280.93M	297.84M	569.04M	560.51M	518.66M	428.62M	355.23M
Equity Growth %	-	100.09%	771596.3%	34.83%	6.02%	91.06%	-1.5%	-7.47%	-17.36%	-17.12%
Book Value per Share	-0.27	0.00	1.98	2.71	2.71	4.06	4.07	4.06	3.48	2.94
Total Shareholders' Equity	-28.79M	27K	208.36M	280.93M	297.84M	569.04M	560.51M	518.66M	428.62M	355.23M
Common Stock	55K	59K	101K	110K	114K	129K	130K	130K	123K	123K
Retained Earnings	-173.79M	-188.01M	-203.61M	-208.38M	-228.49M	-69.9M	-2.51M	-12.79M	-50.93M	-112.08M
Treasury Stock	-145K	-10.16M	-11.07M	-13.5M	-20.89M	-50.28M	-50.9M	-72.59M	-17.1M	-37.4M
Accumulated OCI	321K	-2.17M	-1.68M	-64K	-1.89M	-1.38M	-3.6M	-3.44M	-1.72M	1.8M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	43.29M	63.96M	30.57M	120.64M	161.99M	253.23M	-28.26M	100.41M	189.91M	136.87M
Operating CF Margin %	4.8%	6.44%	2.69%	9.57%	12.21%	14.75%	-1.61%	6.07%	12.51%	9.48%
Operating CF Growth %	-	47.73%	-52.2%	294.62%	34.28%	56.33%	-111.16%	455.29%	89.14%	-27.93%
Net Income	-38.21M	-14.22M	-15.6M	-4.77M	-20.11M	158.59M	67.38M	-10.27M	-38.15M	-61.14M
Depreciation & Amortization	34.32M	35.01M	39.36M	36.41M	36.43M	33.88M	38.5M	48.97M	52.38M	62.32M
Stock-Based Compensation	25.96M	36.55M	38.65M	46.58M	57.61M	62.13M	75.64M	76.86M	84.29M	81.56M
Deferred Taxes	-857K	1.44M	152K	-268K	-567K	-8.33M	-1.51M	-583K	-18.92M	8K
Other Non-Cash Items	4.88M	-2.85M	2.62M	6.75M	15.74M	4.39M	21.76M	24.37M	7.52M	26.18M
Working Capital Changes	17.2M	8.03M	-34.6M	35.93M	72.89M	2.56M	-230.03M	-38.94M	102.78M	27.94M
Change in Receivables	-4.59M	-2.73M	-26.5M	-32.08M	49.59M	-45.7M	-5.51M	32.12M	23.04M	-21.87M
Change in Inventory	5.88M	-60.27M	-80.11M	-31.8M	38.01M	-7.91M	-277.49M	87M	106.12M	51.73M
Change in Payables	5.26M	56.49M	64.82M	85.41M	-20.55M	-4.87M	129.69M	-162.34M	-789K	-14.44M
Cash from Investing+	-52.52M	-33.55M	-35.75M	-23.22M	-69.32M	-45.53M	-172.63M	-50.29M	-105.24M	-29.52M
Capital Expenditures	-52.52M	-33.55M	-35.75M	-23.22M	-33.03M	-45.53M	-46.22M	-50.29M	-55.25M	-28.68M
CapEx % of Revenue	5.83%	3.38%	3.14%	1.84%	2.49%	2.65%	2.64%	3.04%	3.64%	1.99%
Acquisitions	0	0	0	0	-36.29M	0	-126.42M	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	7.97M	23.95M	94.37M	21.9M	-27.09M	24.97M	-150.26M	-108.59M	-137.31M	-102.34M
Debt Issued (Net)	4.44M	14.99M	-252K	-6.67M	-8.33M	-25M	0	0	0	0
Equity Issued (Net)	-145K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-145K	-10.02M	-911K	-2.43M	-61.04M	-97.85M	-189.77M	-129.94M	-154.36M	-80.98M
Other Financing	3.67M	18.98M	4.97M	30.99M	42.29M	147.82M	39.51M	21.35M	17.05M	-25.86M
Net Change in Cash	-1.44M	55.68M	90.33M	117.7M	68.47M	232.81M	-365.25M	-54.62M	-50.5M	4.94M
Free Cash Flow+	-9.23M	30.41M	-5.18M	97.41M	128.95M	207.69M	-74.48M	50.12M	134.66M	108.19M
FCF Margin %	-1.02%	3.06%	-0.46%	7.73%	9.72%	12.1%	-4.25%	3.03%	8.87%	7.5%
FCF Growth %	-	429.58%	-117.03%	1981.67%	32.37%	61.07%	-135.86%	167.3%	168.67%	-19.65%
FCF per Share	-0.09	0.29	-0.05	0.94	1.17	1.48	-0.54	0.39	1.09	0.90
FCF Conversion (FCF/Net Income)	-1.13x	-4.50x	-1.96x	-25.31x	-8.05x	1.60x	-0.42x	-9.77x	-4.98x	-2.24x
Interest Paid	2.33M	4.11M	3.75M	2.52M	1.65M	502K	344K	1.33M	0	279K
Taxes Paid	233K	461K	1.43M	3.57M	783K	4.11M	9.31M	9.52M	21.21M	23.95M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-52655.56%	-14.98%	-1.95%	-6.95%	36.59%	11.93%	-1.9%	-8.05%	-15.6%
Return on Invested Capital (ROIC)	-	-	-24.48%	80.49%	-	-	45.46%	-4.56%	-10.64%	-12.28%
Gross Margin	44.76%	45.95%	43.03%	41.83%	43.12%	47.18%	45.45%	43.29%	45.41%	43.69%
Net Margin	-4.24%	-1.43%	-1.37%	-0.38%	-1.52%	9.24%	3.85%	-0.62%	-2.51%	-4.24%
Debt / Equity	-	1466.67x	0.19x	0.12x	0.29x	0.08x	0.06x	0.11x	0.15x	0.32x
Interest Coverage	-12.40x	-3.66x	-1.97x	0.57x	-18.31x	261.76x	162.20x	-28.03x	-108.95x	-108.53x
FCF Conversion	-1.13x	-4.50x	-1.96x	-25.31x	-8.05x	1.60x	-0.42x	-9.77x	-4.98x	-2.24x
Revenue Growth	-	10.12%	14.56%	10.89%	5.2%	29.44%	2.07%	-5.54%	-8.29%	-4.93%

US Stock Screener

...

Sonos, Inc. (SONO) 10-Year Financial Performance & Capital Metrics

SONO •

TechnologyConsumer ElectronicsAudio, gaming, and music devices

Revenue $1.44B -4.9%
EBITDA $12M +173.6%
Net Income -$61M -60.3%
EPS (Diluted) -0.51 -64.5%
Gross Margin 43.69% -3.8%
EBITDA Margin 0.82% +187.8%
Operating Margin -3.5% -10.5%
Net Margin -4.24% -68.6%
ROE -15.6% -93.7%
ROIC -12.28% -15.4%
Debt/Equity 0.32 +112.4%
Interest Coverage -108.53 +0.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Share count reduced 2.0% through buybacks
✓Efficient asset utilization: 1.8x turnover

✗Weaknesses

✗Thin 5Y average net margin of 1.1%

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y1.7%

3Y-6.26%

TTM-1.42%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM66.34%

EPS CAGR

10Y-

5Y-

3Y-

TTM62.72%

ROCE

10Y Avg-2.37%

5Y Avg4.22%

3Y Avg-7.02%

Latest-9.89%

Peer Comparison

Audio, gaming, and music devices

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SONYSony Group Corporation	137.51B	23.06	19.16	-0.49%	9.17%	14.64%	7.8%	0.49
TBCHTurtle Beach Corporation	242.16M	12.54	16.08	44.41%	5.26%	16.5%	0.35%	0.87
RIMEAlgorhythm Holdings, Inc.	4.43M	1.76	-0.69	-39.65%	-101.71%	-8.45%
SONOSonos, Inc.	1.89B	15.40	-30.20	-4.93%	-1.22%	-3.97%	5.72%	0.32
KOSSKoss Corporation	39.1M	4.13	-44.22	2.93%	-6.81%	-2.87%		0.08

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Sales/Revenue+	901.28M	992.53M	1.14B	1.26B	1.33B	1.72B	1.75B	1.66B	1.52B	1.44B
Revenue Growth %	-	10.12%	14.56%	10.89%	5.2%	29.44%	2.07%	-5.54%	-8.29%	-4.93%
Cost of Goods Sold+	497.88M	536.46M	647.7M	733.48M	754.37M	906.75M	955.97M	938.76M	828.68M	812.75M
COGS % of Revenue	55.24%	54.05%	56.97%	58.17%	56.88%	52.82%	54.55%	56.71%	54.59%	56.31%
Gross Profit+	403.4M	456.06M	489.31M	527.34M	571.96M	809.99M	796.37M	716.49M	689.37M	630.53M
Gross Margin %	44.76%	45.95%	43.03%	41.83%	43.12%	47.18%	45.45%	43.29%	45.41%	43.69%
Gross Profit Growth %	-	13.06%	7.29%	7.77%	8.46%	41.62%	-1.68%	-10.03%	-3.78%	-8.54%
Operating Expenses+	434.27M	471.67M	498.18M	521.64M	599.19M	655.03M	706.84M	737.04M	737.42M	681M
OpEx % of Revenue	48.18%	47.52%	43.82%	41.37%	45.18%	38.16%	40.34%	44.53%	48.58%	47.18%
Selling, General & Admin	326.54M	347.28M	356.07M	350.47M	384.52M	424.95M	450.76M	426.94M	426.75M	378.13M
SG&A % of Revenue	36.23%	34.99%	31.32%	27.8%	28.99%	24.75%	25.72%	25.79%	28.11%	26.2%
Research & Development	107.73M	124.39M	142.11M	171.17M	214.67M	230.08M	256.07M	301M	304.56M	279.97M
R&D % of Revenue	11.95%	12.53%	12.5%	13.58%	16.19%	13.4%	14.61%	18.18%	20.06%	19.4%
Other Operating Expenses	-2.21M	3.36M	-1.16M	0	0	0	0	9.09M	6.11M	22.9M
Operating Income+	-30.87M	-15.61M	-8.88M	1.42M	-27.23M	154.96M	89.53M	-20.55M	-48.05M	-50.47M
Operating Margin %	-3.43%	-1.57%	-0.78%	0.11%	-2.05%	9.03%	5.11%	-1.24%	-3.16%	-3.5%
Operating Income Growth %	-	49.44%	43.14%	116.03%	-2013.77%	669.03%	-42.22%	-122.95%	-133.83%	-5.04%
EBITDA+	3.45M	19.41M	30.48M	37.84M	9.19M	188.85M	128.04M	28.42M	4.33M	11.85M
EBITDA Margin %	0.38%	1.96%	2.68%	3%	0.69%	11%	7.31%	1.72%	0.29%	0.82%
EBITDA Growth %	-	462.46%	57.09%	24.13%	-75.7%	1954.24%	-32.2%	-77.8%	-84.76%	173.62%
D&A (Non-Cash Add-back)	34.32M	35.01M	39.36M	36.41M	36.43M	33.88M	38.5M	48.97M	52.38M	62.32M
EBIT	-33.08M	-12.25M	-9.31M	5.7M	-18.6M	157.52M	69.28M	5.13M	-26.71M	-50.03M
Net Interest Income+	-2.49M	-4.26M	-4.51M	1.85M	511K	-446K	1.1M	9.47M	11.52M	6.47M
Interest Income	0	0	0	4.35M	2M	146K	1.66M	10.2M	11.96M	6.93M
Interest Expense	2.49M	4.26M	4.51M	2.5M	1.49M	592K	552K	733K	441K	465K
Other Income/Expense	-4.7M	-899K	-5.67M	-6.78M	7.15M	1.96M	-20.8M	24.94M	20.89M	-29K
Pretax Income+	-35.57M	-16.51M	-14.55M	-1.08M	-20.08M	156.93M	68.73M	4.39M	-27.15M	-50.5M
Pretax Margin %	-3.95%	-1.66%	-1.28%	-0.09%	-1.51%	9.14%	3.92%	0.27%	-1.79%	-3.5%
Income Tax+	2.64M	-2.29M	1.06M	3.69M	32K	-1.67M	1.35M	14.67M	10.99M	10.65M
Effective Tax Rate %	107.43%	86.12%	107.26%	442.94%	100.16%	101.06%	98.04%	-233.82%	140.5%	121.08%
Net Income+	-38.21M	-14.22M	-15.6M	-4.77M	-20.11M	158.59M	67.38M	-10.27M	-38.15M	-61.14M
Net Margin %	-4.24%	-1.43%	-1.37%	-0.38%	-1.52%	9.24%	3.85%	-0.62%	-2.51%	-4.24%
Net Income Growth %	-	62.8%	-9.76%	69.46%	-322.05%	888.44%	-57.51%	-115.25%	-271.29%	-60.29%
Net Income (Continuing)	-38.21M	-14.22M	-15.6M	-4.77M	-20.11M	158.59M	67.38M	-10.27M	-38.15M	-61.14M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.36	-0.13	-0.15	-0.05	-0.18	1.13	0.49	-0.08	-0.31	-0.51
EPS Growth %	-	63.89%	-15.38%	69.4%	-292.16%	727.78%	-56.64%	-116.43%	-285.09%	-64.52%
EPS (Basic)	-0.42	-0.16	-0.16	-0.05	-0.18	1.30	0.53	-0.08	-0.31	-0.51
Diluted Shares Outstanding	105.85M	105.85M	105.24M	103.78M	109.81M	140.31M	137.76M	127.7M	123.22M	120.75M
Basic Shares Outstanding	91.67M	91.67M	99.27M	103.78M	109.81M	122.25M	127.69M	127.7M	123.22M	120.75M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Total Current Assets+	183.4M	301.47M	497.6M	679.11M	660.38M	957.51M	867.39M	659.63M	551.09M	504.04M
Cash & Short-Term Investments	74.91M	130.59M	220.93M	338.64M	407.1M	640.1M	274.86M	220.23M	221.16M	227.53M
Cash Only	74.91M	130.59M	220.93M	338.64M	407.1M	640.1M	274.86M	220.23M	169.73M	174.67M
Short-Term Investments	0	0	0	0	0	0	0	0	51.43M	52.86M
Accounts Receivable	45.31M	47.36M	73.21M	102.74M	54.94M	100.78M	101.21M	67.58M	44.51M	65.85M
Days Sales Outstanding	18.35	17.42	23.5	29.74	15.12	21.43	21.08	14.9	10.7	16.65
Inventory	53.56M	113.86M	193.19M	219.78M	180.83M	185.13M	454.29M	346.52M	231.5M	171.02M
Days Inventory Outstanding	39.27	77.47	108.87	109.37	87.49	74.52	173.45	134.73	101.97	76.8
Other Current Assets	9.62M	193K	190K	179K	191K	0	0	0	53.91M	39.64M
Total Non-Current Assets+	95.48M	98.55M	89.9M	82.5M	155.67M	181.29M	321M	342.61M	365.23M	319.24M
Property, Plant & Equipment	90.39M	95.13M	85.37M	78.14M	103.13M	105.18M	114.5M	135.99M	152.32M	117.57M
Fixed Asset Turnover	9.97x	10.43x	13.32x	16.14x	12.86x	16.32x	15.30x	12.17x	9.97x	12.28x
Goodwill	1M	1M	0	1M	15.54M	15.54M	77.3M	80.42M	82.85M	82.85M
Intangible Assets	0	0	0	13K	26.39M	24.45M	91.06M	90.01M	88.04M	75.36M
Long-Term Investments	-1M	-1M	0	-1.02M	0	0	0	0	0	0
Other Non-Current Assets	2.54M	2.31M	3.59M	3.2M	8.81M	26.09M	36.63M	16.53M	31.7M	32.95M
Total Assets+	278.88M	400.02M	587.5M	761.61M	816.05M	1.14B	1.19B	1B	916.31M	823.28M
Asset Turnover	3.23x	2.48x	1.94x	1.66x	1.63x	1.51x	1.47x	1.65x	1.66x	1.75x
Asset Growth %	-	43.44%	46.87%	29.64%	7.15%	39.55%	4.35%	-15.66%	-8.57%	-10.15%
Total Current Liabilities+	151.54M	223.27M	296.36M	402.47M	393.01M	476.13M	535.64M	354.22M	366.15M	352.41M
Accounts Payable	77.87M	114.49M	195.16M	251.94M	250.33M	215M	335.76M	187.98M	194.59M	184.11M
Days Payables Outstanding	57.09	77.9	109.98	125.37	121.12	86.54	128.2	73.09	85.71	82.68
Short-Term Debt	0	0	6.67M	8.33M	6.67M	0	0	0	0	0
Deferred Revenue (Current)	7.37M	10.92M	11.62M	13.65M	15.3M	35.87M	27.32M	20.19M	21.8M	21.77M
Other Current Liabilities	31.63M	8.5M	45.37M	83.02M	59.04M	119.91M	131.33M	111.41M	54.43M	118.87M
Current Ratio	1.21x	1.35x	1.68x	1.69x	1.68x	2.01x	1.62x	1.86x	1.51x	1.43x
Quick Ratio	0.86x	0.84x	1.03x	1.14x	1.22x	1.62x	0.77x	0.88x	0.87x	0.94x
Cash Conversion Cycle	0.53	16.98	22.4	13.74	-18.51	9.4	66.34	76.54	26.96	10.77
Total Non-Current Liabilities+	156.13M	176.73M	82.78M	78.2M	125.2M	93.63M	92.24M	129.37M	121.54M	115.64M
Long-Term Debt	24.5M	39.6M	33.1M	24.84M	18.25M	33.96M	25.6M	54.96M	0	53.29M
Capital Lease Obligations	0	0	0	0	50.36M	33.96M	25.6M	54.96M	56.59M	53.29M
Deferred Tax Liabilities	90.34M	90.34M	0	0	2.43M	2.39M	9.64M	9.85M	60K	126K
Other Non-Current Liabilities	102.84M	12.14M	10.33M	10.57M	7.07M	-30.31M	-24.75M	-51.04M	3.82M	-50.51M
Total Liabilities	307.67M	399.99M	379.14M	480.68M	518.21M	569.76M	627.88M	483.58M	487.69M	468.05M
Total Debt+	24.5M	39.6M	39.76M	33.17M	86.19M	44.68M	36.13M	56.11M	64.14M	112.91M
Net Debt	-50.41M	-91M	-181.17M	-305.47M	-320.91M	-595.42M	-238.73M	-164.12M	-105.59M	-121.38M
Debt / Equity	-	1466.67x	0.19x	0.12x	0.29x	0.08x	0.06x	0.11x	0.15x	0.32x
Debt / EBITDA	7.10x	2.04x	1.30x	0.88x	9.38x	0.24x	0.28x	1.97x	14.81x	9.53x
Net Debt / EBITDA	-14.61x	-4.69x	-5.94x	-8.07x	-34.91x	-3.15x	-1.86x	-5.77x	-24.38x	-10.24x
Interest Coverage	-12.40x	-3.66x	-1.97x	0.57x	-18.31x	261.76x	162.20x	-28.03x	-108.95x	-108.53x
Total Equity+	-28.79M	27K	208.36M	280.93M	297.84M	569.04M	560.51M	518.66M	428.62M	355.23M
Equity Growth %	-	100.09%	771596.3%	34.83%	6.02%	91.06%	-1.5%	-7.47%	-17.36%	-17.12%
Book Value per Share	-0.27	0.00	1.98	2.71	2.71	4.06	4.07	4.06	3.48	2.94
Total Shareholders' Equity	-28.79M	27K	208.36M	280.93M	297.84M	569.04M	560.51M	518.66M	428.62M	355.23M
Common Stock	55K	59K	101K	110K	114K	129K	130K	130K	123K	123K
Retained Earnings	-173.79M	-188.01M	-203.61M	-208.38M	-228.49M	-69.9M	-2.51M	-12.79M	-50.93M	-112.08M
Treasury Stock	-145K	-10.16M	-11.07M	-13.5M	-20.89M	-50.28M	-50.9M	-72.59M	-17.1M	-37.4M
Accumulated OCI	321K	-2.17M	-1.68M	-64K	-1.89M	-1.38M	-3.6M	-3.44M	-1.72M	1.8M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	43.29M	63.96M	30.57M	120.64M	161.99M	253.23M	-28.26M	100.41M	189.91M	136.87M
Operating CF Margin %	4.8%	6.44%	2.69%	9.57%	12.21%	14.75%	-1.61%	6.07%	12.51%	9.48%
Operating CF Growth %	-	47.73%	-52.2%	294.62%	34.28%	56.33%	-111.16%	455.29%	89.14%	-27.93%
Net Income	-38.21M	-14.22M	-15.6M	-4.77M	-20.11M	158.59M	67.38M	-10.27M	-38.15M	-61.14M
Depreciation & Amortization	34.32M	35.01M	39.36M	36.41M	36.43M	33.88M	38.5M	48.97M	52.38M	62.32M
Stock-Based Compensation	25.96M	36.55M	38.65M	46.58M	57.61M	62.13M	75.64M	76.86M	84.29M	81.56M
Deferred Taxes	-857K	1.44M	152K	-268K	-567K	-8.33M	-1.51M	-583K	-18.92M	8K
Other Non-Cash Items	4.88M	-2.85M	2.62M	6.75M	15.74M	4.39M	21.76M	24.37M	7.52M	26.18M
Working Capital Changes	17.2M	8.03M	-34.6M	35.93M	72.89M	2.56M	-230.03M	-38.94M	102.78M	27.94M
Change in Receivables	-4.59M	-2.73M	-26.5M	-32.08M	49.59M	-45.7M	-5.51M	32.12M	23.04M	-21.87M
Change in Inventory	5.88M	-60.27M	-80.11M	-31.8M	38.01M	-7.91M	-277.49M	87M	106.12M	51.73M
Change in Payables	5.26M	56.49M	64.82M	85.41M	-20.55M	-4.87M	129.69M	-162.34M	-789K	-14.44M
Cash from Investing+	-52.52M	-33.55M	-35.75M	-23.22M	-69.32M	-45.53M	-172.63M	-50.29M	-105.24M	-29.52M
Capital Expenditures	-52.52M	-33.55M	-35.75M	-23.22M	-33.03M	-45.53M	-46.22M	-50.29M	-55.25M	-28.68M
CapEx % of Revenue	5.83%	3.38%	3.14%	1.84%	2.49%	2.65%	2.64%	3.04%	3.64%	1.99%
Acquisitions	0	0	0	0	-36.29M	0	-126.42M	0	0	0
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	7.97M	23.95M	94.37M	21.9M	-27.09M	24.97M	-150.26M	-108.59M	-137.31M	-102.34M
Debt Issued (Net)	4.44M	14.99M	-252K	-6.67M	-8.33M	-25M	0	0	0	0
Equity Issued (Net)	-145K	-1000K	1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-145K	-10.02M	-911K	-2.43M	-61.04M	-97.85M	-189.77M	-129.94M	-154.36M	-80.98M
Other Financing	3.67M	18.98M	4.97M	30.99M	42.29M	147.82M	39.51M	21.35M	17.05M	-25.86M
Net Change in Cash	-1.44M	55.68M	90.33M	117.7M	68.47M	232.81M	-365.25M	-54.62M	-50.5M	4.94M
Free Cash Flow+	-9.23M	30.41M	-5.18M	97.41M	128.95M	207.69M	-74.48M	50.12M	134.66M	108.19M
FCF Margin %	-1.02%	3.06%	-0.46%	7.73%	9.72%	12.1%	-4.25%	3.03%	8.87%	7.5%
FCF Growth %	-	429.58%	-117.03%	1981.67%	32.37%	61.07%	-135.86%	167.3%	168.67%	-19.65%
FCF per Share	-0.09	0.29	-0.05	0.94	1.17	1.48	-0.54	0.39	1.09	0.90
FCF Conversion (FCF/Net Income)	-1.13x	-4.50x	-1.96x	-25.31x	-8.05x	1.60x	-0.42x	-9.77x	-4.98x	-2.24x
Interest Paid	2.33M	4.11M	3.75M	2.52M	1.65M	502K	344K	1.33M	0	279K
Taxes Paid	233K	461K	1.43M	3.57M	783K	4.11M	9.31M	9.52M	21.21M	23.95M

Key Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-	-52655.56%	-14.98%	-1.95%	-6.95%	36.59%	11.93%	-1.9%	-8.05%	-15.6%
Return on Invested Capital (ROIC)	-	-	-24.48%	80.49%	-	-	45.46%	-4.56%	-10.64%	-12.28%
Gross Margin	44.76%	45.95%	43.03%	41.83%	43.12%	47.18%	45.45%	43.29%	45.41%	43.69%
Net Margin	-4.24%	-1.43%	-1.37%	-0.38%	-1.52%	9.24%	3.85%	-0.62%	-2.51%	-4.24%
Debt / Equity	-	1466.67x	0.19x	0.12x	0.29x	0.08x	0.06x	0.11x	0.15x	0.32x
Interest Coverage	-12.40x	-3.66x	-1.97x	0.57x	-18.31x	261.76x	162.20x	-28.03x	-108.95x	-108.53x
FCF Conversion	-1.13x	-4.50x	-1.96x	-25.31x	-8.05x	1.60x	-0.42x	-9.77x	-4.98x	-2.24x
Revenue Growth	-	10.12%	14.56%	10.89%	5.2%	29.44%	2.07%	-5.54%	-8.29%	-4.93%

Sonos, Inc. (SONO) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare SONO vs Peers

vs SONY

vs TBCH

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios

Sonos, Inc. (SONO) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare SONO vs Peers

vs SONY

vs TBCH

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Key Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios