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Side-by-side financial comparison of Sonos Inc (SONO) and VIRTUS INVESTMENT PARTNERS, INC. (VRTS). Click either name above to swap in a different company.
Sonos Inc is the larger business by last-quarter revenue ($287.9M vs $199.5M, roughly 1.4× VIRTUS INVESTMENT PARTNERS, INC.). VIRTUS INVESTMENT PARTNERS, INC. runs the higher net margin — 3.6% vs -13.1%, a 16.7% gap on every dollar of revenue. On growth, Sonos Inc posted the faster year-over-year revenue change (12.7% vs -4.1%). Over the past eight quarters, VIRTUS INVESTMENT PARTNERS, INC.'s revenue compounded faster (-5.7% CAGR vs -31.5%).
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.
VIRTUS INVESTMENT PARTNERS, INC.VRTSEarnings & Financial Report
Virtus Investment Partners, Inc. is an American company which operates as a multi-manager asset management business, comprising a number of individual affiliated managers, each having its own investment process and brand, and the services of unaffiliated sub advisers.
SONO vs VRTS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $287.9M | $199.5M |
| Net Profit | $-37.9M | $7.1M |
| Gross Margin | 43.7% | — |
| Operating Margin | -12.0% | 7.7% |
| Net Margin | -13.1% | 3.6% |
| Revenue YoY | 12.7% | -4.1% |
| Net Profit YoY | 28.7% | -78.1% |
| EPS (diluted) | $-0.30 | $1.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $199.5M | ||
| Q4 25 | — | $208.0M | ||
| Q3 25 | $287.9M | $216.4M | ||
| Q2 25 | $344.8M | $210.5M | ||
| Q1 25 | $259.8M | $217.9M | ||
| Q4 24 | $550.9M | $233.5M | ||
| Q3 24 | $255.4M | $227.0M | ||
| Q2 24 | $397.1M | $224.4M |
| Q1 26 | — | $7.1M | ||
| Q4 25 | — | $33.9M | ||
| Q3 25 | $-37.9M | $31.3M | ||
| Q2 25 | $-3.4M | $42.7M | ||
| Q1 25 | $-70.1M | $28.1M | ||
| Q4 24 | $50.2M | $39.5M | ||
| Q3 24 | $-53.1M | $49.1M | ||
| Q2 24 | $3.7M | $26.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 43.7% | — | ||
| Q2 25 | 43.4% | — | ||
| Q1 25 | 43.7% | — | ||
| Q4 24 | 43.8% | — | ||
| Q3 24 | 40.3% | — | ||
| Q2 24 | 48.3% | — |
| Q1 26 | — | 7.7% | ||
| Q4 25 | — | 19.1% | ||
| Q3 25 | -12.0% | 21.7% | ||
| Q2 25 | -0.8% | 21.5% | ||
| Q1 25 | -23.6% | 16.8% | ||
| Q4 24 | 8.7% | 21.7% | ||
| Q3 24 | -27.2% | 24.3% | ||
| Q2 24 | 3.2% | 19.7% |
| Q1 26 | — | 3.6% | ||
| Q4 25 | — | 16.3% | ||
| Q3 25 | -13.1% | 14.5% | ||
| Q2 25 | -1.0% | 20.3% | ||
| Q1 25 | -27.0% | 12.9% | ||
| Q4 24 | 9.1% | 16.9% | ||
| Q3 24 | -20.8% | 21.6% | ||
| Q2 24 | 0.9% | 11.6% |
| Q1 26 | — | $1.05 | ||
| Q4 25 | — | $5.15 | ||
| Q3 25 | $-0.30 | $4.65 | ||
| Q2 25 | $-0.03 | $6.12 | ||
| Q1 25 | $-0.58 | $4.05 | ||
| Q4 24 | $0.40 | $4.65 | ||
| Q3 24 | $-0.42 | $5.71 | ||
| Q2 24 | $0.03 | $2.43 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.7M | $136.6M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $355.2M | $93.6B |
| Total Assets | $823.3M | — |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $136.6M | ||
| Q4 25 | — | — | ||
| Q3 25 | $174.7M | — | ||
| Q2 25 | $201.3M | — | ||
| Q1 25 | $173.2M | — | ||
| Q4 24 | $280.0M | — | ||
| Q3 24 | $169.7M | — | ||
| Q2 24 | $227.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | — | $390.0M | ||
| Q3 25 | — | $390.6M | ||
| Q2 25 | — | $231.3M | ||
| Q1 25 | — | $231.7M | ||
| Q4 24 | — | $232.1M | ||
| Q3 24 | — | $237.5M | ||
| Q2 24 | — | $247.6M |
| Q1 26 | — | $93.6B | ||
| Q4 25 | — | $934.0M | ||
| Q3 25 | $355.2M | $918.7M | ||
| Q2 25 | $399.3M | $896.4M | ||
| Q1 25 | $382.9M | $893.7M | ||
| Q4 24 | $469.1M | $897.5M | ||
| Q3 24 | $428.6M | $889.0M | ||
| Q2 24 | $464.4M | $868.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | $4.3B | ||
| Q3 25 | $823.3M | $3.9B | ||
| Q2 25 | $834.4M | $3.7B | ||
| Q1 25 | $792.2M | $3.7B | ||
| Q4 24 | $963.6M | $4.0B | ||
| Q3 24 | $916.3M | $3.6B | ||
| Q2 24 | $961.1M | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.42× | ||
| Q3 25 | — | 0.43× | ||
| Q2 25 | — | 0.26× | ||
| Q1 25 | — | 0.26× | ||
| Q4 24 | — | 0.26× | ||
| Q3 24 | — | 0.27× | ||
| Q2 24 | — | 0.29× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $2.9M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $-67.2M | ||
| Q3 25 | $2.9M | $108.3M | ||
| Q2 25 | $37.4M | $75.8M | ||
| Q1 25 | $-59.7M | $-3.8M | ||
| Q4 24 | $156.2M | $1.8M | ||
| Q3 24 | $-37.7M | $69.1M | ||
| Q2 24 | $63.5M | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-74.1M | ||
| Q3 25 | — | $106.9M | ||
| Q2 25 | $32.7M | $74.2M | ||
| Q1 25 | $-65.2M | $-6.8M | ||
| Q4 24 | $143.1M | $-3.8M | ||
| Q3 24 | — | $68.7M | ||
| Q2 24 | $40.3M | $68.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | -35.6% | ||
| Q3 25 | — | 49.4% | ||
| Q2 25 | 9.5% | 35.2% | ||
| Q1 25 | -25.1% | -3.1% | ||
| Q4 24 | 26.0% | -1.6% | ||
| Q3 24 | — | 30.3% | ||
| Q2 24 | 10.1% | 30.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | 1.4% | 0.7% | ||
| Q1 25 | 2.1% | 1.4% | ||
| Q4 24 | 2.4% | 2.4% | ||
| Q3 24 | — | 0.2% | ||
| Q2 24 | 5.8% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | -1.99× | ||
| Q3 25 | — | 3.45× | ||
| Q2 25 | — | 1.77× | ||
| Q1 25 | — | -0.13× | ||
| Q4 24 | 3.11× | 0.04× | ||
| Q3 24 | — | 1.41× | ||
| Q2 24 | 17.12× | 2.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SONO
| Sonos Speakers | $206.5M | 72% |
| Sonos System Products | $65.2M | 23% |
| Partner Products And Other Revenue | $16.2M | 6% |
VRTS
| Investment management fees | $169.1M | 85% |
| Administration and shareholder service fees | $17.3M | 9% |
| Distribution and service fees | $11.6M | 6% |
