Sonos IncSONOEarnings & Financial Report
Sonos, Inc. is an American audio equipment manufacturer headquartered in Santa Barbara, California. The company was founded in 2002 by John MacFarlane, Craig Shelburne, Tom Cullen, and Trung Mai.
Revenue
$612.9M
Gross Profit
$282.7M
Operating Profit
$79.7M
Net Profit
$80.9M
Gross Margin
46.1%
Operating Margin
13.0%
Net Margin
13.2%
YoY Growth
-8.9%
EPS
$0.64
Sonos Inc Q1 FY2024 Financial Summary
Sonos Inc reported revenue of $612.9M (down 8.9% YoY) for Q1 FY2024, with a net profit of $80.9M (up 7.7% YoY) (13.2% margin). Cost of goods sold was $330.2M, operating expenses totaled $203.0M.
Key Financial Metrics
| Total Revenue | $612.9M |
|---|---|
| Net Profit | $80.9M |
| Gross Margin | 46.1% |
| Operating Margin | 13.0% |
| Report Period | Q1 FY2024 |
Revenue Breakdown
Sonos Inc Q1 FY2024 revenue of $612.9M breaks down across 3 segments, led by Wireless Speakers at $503.0M (82.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Wireless Speakers | $503.0M | 82.1% |
| Home Theater Speakers | $84.6M | 13.8% |
| Components | $25.3M | 4.1% |
Sonos Inc Annual Revenue by Year
Sonos Inc annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.4B |
| 2024 | $1.5B |
| 2023 | $1.7B |
| 2022 | $1.8B |
Sonos Inc Quarterly Revenue & Net Profit History
Sonos Inc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $287.9M | +12.7% | $-37.9M | -13.1% |
| Q3 FY2025 | $344.8M | -13.2% | $-3.4M | -1.0% |
| Q2 FY2025 | $259.8M | +2.8% | $-70.1M | -27.0% |
| Q1 FY2025 | $550.9M | -10.1% | $50.2M | 9.1% |
| Q4 FY2024 | $255.4M | -16.3% | $-53.1M | -20.8% |
| Q3 FY2024 | $397.1M | +6.4% | $3.7M | 0.9% |
| Q2 FY2024 | $252.7M | -16.9% | $-69.7M | -27.6% |
| Q1 FY2024 | $612.9M | -8.9% | $80.9M | 13.2% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $612.9M | $252.7M | $397.1M | $255.4M | $550.9M | $259.8M | $344.8M | $287.9M |
| YoY Growth | -8.9% | -16.9% | 6.4% | -16.3% | -10.1% | 2.8% | -13.2% | 12.7% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.11B | $925.6M | $961.1M | $916.3M | $963.6M | $792.2M | $834.4M | $823.3M |
| Liabilities | $515.6M | $431.6M | $496.7M | $487.7M | $494.5M | $409.3M | $435.1M | $468.1M |
| Equity | $594.4M | $494.0M | $464.4M | $428.6M | $469.1M | $382.9M | $399.3M | $355.2M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $275.4M | $-111.2M | $63.5M | $-37.7M | $156.2M | $-59.7M | $37.4M | $2.9M |