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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, plug-in, and home theater speakers; and headphones, soundbars, 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 based in Santa Barbara, California.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.4B | $12M | $-61M | $108M | -17.2% | -4.9% | 60.3% |
| 2024 | $1.5B | $26M | $-38M | $135M | -8.9% | -8.3% | 271.3% |
| 2023 | $1.7B | $54M | $-10M | $50M | -2.0% | -5.5% | -115.2% |
| 2022 | $1.8B | $108M | $67M | $-74M | 12.0% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 1,752.34 | 1,655.26 | 1,518.06 | 1,443.28 |
| Cost Of Revenue | 955.97 | 938.76 | 828.68 | 812.75 |
| Gross Profit | 796.37 | 716.49 | 689.37 | 630.53 |
| Operating Expense | 706.84 | 737.04 | 731.31 | 663.48 |
| Operating Income | 89.53 | -20.55 | -41.94 | -32.95 |
| EBITDA | 107.79 | 54.10 | 25.67 | 12.29 |
| EBIT | 69.28 | 5.13 | -26.71 | -50.03 |
| Pretax Income | 68.73 | 4.39 | -27.15 | -50.50 |
| Tax Provision | 1.35 | 14.67 | 11 | 10.65 |
| Net Income | 67.38 | -10.27 | -38.15 | -61.14 |
| Net Income Common Stockholders | 67.38 | -10.27 | -38.15 | -61.14 |
| Total Expenses | 1,662.80 | 1,675.80 | 1,559.99 | 1,476.23 |
| Interest Expense | 0.55 | 0.73 | 0.44 | 0.46 |
| Interest Income | 1.66 | 10.20 | 11.96 | 6.93 |
| Research And Development | 256.07 | 301 | 304.56 | 279.97 |
| Selling General And Administration | 450.76 | 436.04 | 426.75 | 383.51 |
| Normalized EBITDA | 107.79 | 54.10 | 31.78 | 29.80 |
| Normalized Income | 67.38 | -10.27 | -33.32 | -47.31 |
| Market Cap | 1,782.87 | 1,782.87 | 1,782.87 | 1,782.87 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sonos, Inc.this co. | SONO | - | -29.16 | 5.02 | -17.2% | 135.72 |
| KULR Technology Group, Inc. | KULR | $111M | - | 0.91 | -50.9% | -2.45 |
| Expensify, Inc. | EXFY | $106M | - | 0.74 | -16.1% | -2.34 |
| SunPower Inc. | SPWR | $105M | - | -1.02 | 50.3% | -16.16 |
| CSP Inc. | CSPI | $103M | - | 2.29 | -0.2% |
| -30.63 |
| SoundThinking, Inc. | SSTI | $89M | - | 1.22 | -13.1% | 45.14 |
| Airship AI Holdings, Inc. | AISP | $76M | 2.91 | -10.63 | -410.1% | -9.02 |
| Neonode Inc. | NEON | $26M | 3.27 | 1.07 | 34.4% | -0.11 |
| zSpace, Inc. | ZSPC | $1M | - | -0.34 | 112.8% | -0.78 |
| Peer Median | - | 3.09 | 0.82 | -6.6% | -2.40 | |