NASDAQ: SONO
Sonos IncCIK 0001314727 · SIC 3651 · Household Audio & Video
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Latest financial statements
From 10-Q filed Jul 29, 2026 (period ending Jun 27, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited)
(unaudited, in thousands, except share and per share amounts)
| Description | Three months ended June 27, 2026 | Three months ended June 28, 2025 | Nine months ended June 27, 2026 | Nine months ended June 28, 2025 |
|---|---|---|---|---|
| Revenue | 375,260 | 344,764 | 1,202,449 | 1,155,376 |
| Cost of revenue | 185,950 | 195,040 | 635,030 | 650,637 |
| Gross profit | 189,310 | 149,724 | 567,419 | 504,739 |
| Operating expenses | ||||
| Research and development | 67,875 | 59,750 | 191,771 | 218,011 |
| Sales and marketing | 59,624 | 62,576 | 187,273 | 213,430 |
| General and administrative | 30,277 | 30,327 | 88,001 | 89,357 |
| Total operating expenses | 157,776 | 152,653 | 467,045 | 520,798 |
| Operating income (loss) | 31,534 | (2,929) | 100,374 | (16,059) |
| Other income (expense), net | ||||
| Interest income | 2,182 | 1,572 | 5,442 | 5,406 |
| Interest expense | (110) | (117) | (330) | (336) |
| Other income (expense), net | 695 | 661 | (246) | (5,176) |
| Total other income (expense), net | 2,767 | 2,116 | 4,866 | (106) |
| Income (loss) before provision for income taxes | 34,301 | (813) | 105,240 | (16,165) |
| Provision for income taxes | 4,448 | 2,566 | 10,475 | 7,121 |
| Net income (loss) | 29,853 | (3,379) | 94,765 | (23,286) |
| Earnings (loss) per share: | ||||
| Basic | 0.25 | (0.03) | 0.79 | (0.19) |
| Diluted | 0.25 | (0.03) | 0.77 | (0.19) |
| Weighted-average shares used in computing earnings (loss) per share: | ||||
| Basic | 118,961,126 | 120,423,439 | 119,886,795 | 120,804,730 |
| Diluted | 120,982,504 | 120,423,439 | 122,761,707 | 120,804,730 |
| Total comprehensive income (loss) | ||||
| Net income (loss) | 29,853 | (3,379) | 94,765 | (23,286) |
| Change in foreign currency translation adjustment | (416) | 3,496 | (444) | 3,036 |
| Net unrealized loss on marketable securities | (29) | (23) | (71) | (140) |
| Comprehensive income (loss) | 29,408 | 94 | 94,250 | (20,390) |
Condensed Consolidated Balance Sheets (Unaudited)
(unaudited, in thousands, except par values)
| Description | June 27, 2026 | September 27, 2025 |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | 206,894 | 174,668 |
| Marketable securities | 54,132 | 52,858 |
| Accounts receivable, net | 117,190 | 65,847 |
| Inventories | 158,143 | 171,020 |
| Prepaids and other current assets | 55,844 | 39,642 |
| Total current assets | 592,203 | 504,035 |
| Property and equipment, net | 60,141 | 72,277 |
| Operating lease right-of-use assets | 42,790 | 45,297 |
| Goodwill | 82,854 | 82,854 |
| Intangible assets, net | 64,418 | 75,356 |
| Deferred tax assets | 10,043 | 10,509 |
| Other noncurrent assets | 29,672 | 32,950 |
| Total assets | 882,121 | 823,278 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | 179,897 | 184,109 |
| Accrued expenses | 87,889 | 79,094 |
| Accrued compensation | 31,249 | 21,331 |
| Deferred revenue, current | 21,989 | 21,771 |
| Other current liabilities | 45,775 | 46,107 |
| Total current liabilities | 366,799 | 352,412 |
| Operating lease liabilities, noncurrent | 50,192 | 53,288 |
| Deferred revenue, noncurrent | 58,515 | 59,453 |
| Deferred tax liabilities | 113 | 126 |
| Other noncurrent liabilities | 2,970 | 2,774 |
| Total liabilities | 478,589 | 468,053 |
| Commitments and contingencies (Note 7) | ||
| Stockholders’ equity: | ||
| Common stock, $0.001 par value | 121 | 123 |
| Treasury stock | (46,529) | (37,398) |
| Additional paid-in capital | 465,965 | 502,775 |
| Accumulated deficit | (17,313) | (112,078) |
| Accumulated other comprehensive income | 1,288 | 1,803 |
| Total stockholders’ equity | 403,532 | 355,225 |
| Total liabilities and stockholders’ equity | 882,121 | 823,278 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(unaudited, in thousands)
| Description | Nine months ended June 27, 2026 | Nine months ended June 28, 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income (loss) | 94,765 | (23,286) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Stock-based compensation expense | 46,386 | 64,789 |
| Depreciation and amortization | 36,924 | 48,657 |
| Restructuring and other charges | 1,088 | 6,323 |
| Provision for excess and obsolete inventory | 1,573 | 9,242 |
| Deferred income taxes | 386 | 942 |
| Other | 5,078 | 2,432 |
| Foreign currency transaction loss | 2,122 | 572 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (53,604) | (49,010) |
| Inventories | 11,303 | 106,223 |
| Other assets | (15,882) | 11,616 |
| Accounts payable and accrued expenses | 6,021 | (55,341) |
| Accrued compensation | 10,330 | 10,352 |
| Deferred revenue | (157) | (1,033) |
| Other liabilities | (2,166) | 1,470 |
| Net cash provided by operating activities | 144,167 | 133,948 |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (44,616) | (43,949) |
| Purchases of property and equipment | (16,681) | (23,418) |
| Maturities of marketable securities | 43,340 | 43,200 |
| Net cash used in investing activities | (17,957) | (24,167) |
| Cash flows from financing activities | ||
| Payments for repurchase of common stock | (95,277) | (60,602) |
| Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards | (20,417) | (20,754) |
| Proceeds from exercise of stock options | 23,101 | 2,653 |
| Payments for debt issuance costs | (780) | — |
| Net cash used in financing activities | (93,373) | (78,703) |
| Effect of exchange rate changes on cash and cash equivalents | (611) | 463 |
| Net increase in cash and cash equivalents | 32,226 | 31,541 |
| Cash and cash equivalents | ||
| Beginning of period | 174,668 | 169,732 |
| End of period | 206,894 | 201,273 |
| Supplemental disclosure | ||
| Cash paid for interest | 185 | 197 |
| Cash paid for taxes, net of refunds | 4,387 | 19,065 |
| Cash paid for amounts included in the measurement of lease liabilities, net of tenant improvement reimbursements received | 7,088 | 3,460 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Purchases of property and equipment in accounts payable and accrued expenses | 3,635 | 2,155 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 1,829 | 1,491 |
| Excise tax on share repurchases, accrued but not paid | 258 | 187 |
Amounts as printed on the EDGAR/iXBRL face — (unaudited, in thousands, except share and per share amounts); (unaudited, in thousands, except par values); (unaudited, in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗