Sonos, Inc. (SONO) Balance Sheet
SONO balance sheet, FY2025
September 30, 2025 · U.S. dollars$823.3M assets = $468.1M liabilities + $355.2M equity
Both columns are drawn to the same scale: what SONO owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SONO financial health
Current ratio1.43
Adequate · current assets cover current liabilities 1.43×
Debt / equity0.17
Low leverage · $0.17 of debt for each $1 of equity
Equity / assets43.1%
Equity-funded · of assets funded by shareholders
Cash / debt381.6%
Cash covers debt · cash & short-term investments vs total debt
Goodwill & intangibles19.2%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal FY2025.
SONO balance sheet trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $278.9MFY2016 | $823.3MFY2025 | +12.8%/yr | |
| Total liabilities | $217.3MFY2016 | $468.1MFY2025 | +8.9%/yr | |
| Shareholders’ equity | $61.6MFY2016 | $355.2MFY2025 | +21.5%/yr | |
| Cash & short-term investments | $74.9MFY2016 | $227.5MFY2025 | +13.1%/yr | |
| Total debt | $49.0MFY2016 | $59.6MFY2025 | +2.2%/yr | |
| Net cash (debt) | $25.9MFY2016 | $167.9MFY2025 | +$142.0M | |
| Working capital | $31.9MFY2016 | $151.6MFY2025 | +$119.8M | |
| Book value per share | $1.14FY2016 | $2.94FY2025 | +11.1%/yr | |
| Current ratio | 1.21FY2016 | 1.43FY2025 | +0.22 | |
| Debt / equity | 0.80FY2016 | 0.17FY2025 | −0.63 | |
| Shares outstanding | 54.0MFY2016 | 120.8MFY2025 | +9.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SONO assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
SONO liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
SONO debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SONO balance sheet
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $227.5M | $221.2M | $220.2M | $274.9M | $640.1M | $407.1M | $338.6M | $220.9M | $130.6M | $74.9M |
| Cash & equivalents | $174.7M | $169.7M | $220.2M | $274.9M | $640.1M | $407.1M | $338.6M | $220.9M | $130.6M | $74.9M |
| Short-term investments | $52.9M | $51.4M | $0 | — | — | — | — | $190,000 | $193,000 | $184,000 |
| Receivables | $65.8M | $44.5M | $67.6M | $101.2M | $101.6M | $54.9M | $102.7M | $73.2M | $47.4M | $45.3M |
| Inventory | $171.0M | $231.5M | $346.5M | $454.3M | $185.1M | $180.8M | $219.8M | $193.2M | $113.9M | $53.6M |
| Other current assets | $39.6M | $53.9M | $25.3M | $37.0M | $30.7M | $17.5M | $17.9M | $10.3M | $9.7M | $9.6M |
| Total current assets | $504.0M | $551.1M | $659.6M | $867.4M | $957.5M | $660.4M | $679.1M | $497.6M | $301.5M | $183.4M |
| Property, plant & equipment (net) | $117.6M | $152.3M | $136.0M | $114.5M | $105.2M | $103.1M | $78.1M | $85.4M | $95.1M | $0 |
| Goodwill & intangible assets | $158.2M | $170.9M | $170.4M | $168.4M | $40.0M | $41.9M | $1.0M | $2.0M | $2.0M | $2.0M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $43.5M | $42.0M | $36.2M | $38.1M | $36.1M | $10.6M | $3.3M | $2.5M | $1.4M | $93.5M |
| Total assets | $823.3M | $916.3M | $1.00B | $1.19B | $1.14B | $816.1M | $761.6M | $587.5M | $400.0M | $278.9M |
| Liabilities | ||||||||||
| Accounts payable | $184.1M | $194.6M | $188.0M | $335.8M | $215.0M | $250.3M | $251.9M | $195.2M | $114.5M | $77.9M |
| Short-term debt | $6.3M | $7.6M | $1.2M | $10.5M | $10.7M | $17.6M | $8.3M | $6.7M | $89.4M | $24.5M |
| Deferred revenue | $21.8M | $21.8M | $20.2M | $27.3M | $35.9M | $15.3M | $13.7M | $11.6M | $10.9M | — |
| Total current liabilities | $352.4M | $366.2M | $354.2M | $535.6M | $476.1M | $393.0M | $402.5M | $296.4M | $223.3M | $151.5M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $18.3M | $24.8M | $33.1M | $39.6M | $24.5M |
| Lease obligations | $59.6M | $64.1M | $55.0M | $25.6M | $44.7M | $61.3M | — | — | — | — |
| Other long-term liabilities | $115.6M | $121.5M | $129.4M | $92.2M | $93.6M | $106.9M | $53.4M | $49.7M | $137.1M | $131.6M |
| Total liabilities | $468.1M | $487.7M | $483.6M | $627.9M | $569.8M | $518.2M | $480.7M | $379.1M | $400.0M | $217.3M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $123,000 | $123,000 | $130,000 | $130,000 | $129,000 | $114,000 | $110,000 | $101,000 | $59,000 | $27,000 |
| Retained earnings (deficit) | −$112.1M | −$50.9M | −$12.8M | −$2.5M | −$69.9M | −$228.5M | −$208.4M | −$203.6M | −$188.0M | −$173.8M |
| Treasury stock | — | — | — | −$50.9M | −$50.3M | −$20.9M | −$13.5M | −$11.1M | −$10.2M | −$145,000 |
| Accumulated other comprehensive income | $1.8M | −$1.7M | −$3.4M | −$3.6M | −$1.4M | −$1.9M | −$64,000 | −$1.7M | −$2.2M | — |
| Minority interest | — | — | — | — | — | — | — | $0 | — | — |
| Total shareholders' equity | $355.2M | $428.6M | $518.7M | $560.5M | $569.0M | $297.8M | $280.9M | $208.4M | $27,000 | $61.6M |
| Key figures | ||||||||||
| Total debt | $59.6M | $64.1M | $56.1M | $36.1M | $44.7M | $86.2M | $33.2M | $39.8M | $129.0M | $49.0M |
| Net cash (debt) | $167.9M | $157.0M | $164.1M | $238.7M | $595.4M | $320.9M | $305.5M | $181.2M | $1.6M | $25.9M |
| Working capital | $151.6M | $184.9M | $305.4M | $331.8M | $481.4M | $267.4M | $276.6M | $201.2M | $78.2M | $31.9M |
| Tangible book value | $197.0M | $257.7M | $348.2M | $392.1M | $529.0M | $255.9M | $279.9M | $206.4M | −$2.0M | $59.6M |
| Book value per share | $2.94 | $3.48 | $4.06 | $4.07 | $4.06 | $2.71 | $2.71 | $1.98 | $0.00 | $1.14 |
| Shares outstanding | 120.8M | 123.2M | 127.7M | 137.8M | 140.3M | 109.8M | 103.8M | 105.2M | 105.8M | 54.0M |
| Current ratio | 1.43 | 1.51 | 1.86 | 1.62 | 2.01 | 1.68 | 1.69 | 1.68 | 1.35 | 1.21 |
| Quick ratio | 0.83 | 0.73 | 0.81 | 0.70 | 1.56 | 1.18 | 1.10 | 0.99 | 0.80 | 0.79 |
| Debt / equity | 0.17 | 0.15 | 0.11 | 0.06 | 0.08 | 0.29 | 0.12 | 0.19 | 4,776.11 | 0.80 |
| Equity / assets | 43.1% | 46.8% | 51.7% | 47.2% | 50.0% | 36.5% | 36.9% | 35.5% | 0.0% | 22.1% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $261.0M | $249.1M | $363.5M | $227.5M | $254.0M | $223.5M | $327.9M | $221.2M | $276.6M | $291.6M | $467.3M | $220.2M |
| Cash & equivalents | $206.9M | $200.2M | $312.5M | $174.7M | $201.3M | $173.2M | $280.0M | $169.7M | $227.1M | $246.0M | $467.3M | $220.2M |
| Short-term investments | $54.1M | $48.9M | $51.0M | $52.9M | $52.7M | $50.3M | $47.9M | $51.4M | $49.5M | $45.6M | — | $0 |
| Receivables | $117.2M | $95.5M | $116.3M | $65.8M | $94.2M | $40.4M | $84.8M | $44.5M | $131.6M | $69.7M | $80.8M | $67.6M |
| Inventory | $158.1M | $160.8M | $125.3M | $171.0M | $115.4M | $138.4M | $140.9M | $231.5M | $154.9M | $179.5M | $173.0M | $346.5M |
| Other current assets | $55.8M | $34.7M | $35.1M | $39.6M | $39.6M | $50.7M | $59.0M | $53.9M | $41.3M | $42.1M | $37.7M | $25.3M |
| Total current assets | $592.2M | $540.1M | $640.2M | $504.0M | $503.1M | $453.0M | $612.5M | $551.1M | $604.5M | $582.9M | $758.9M | $659.6M |
| Property, plant & equipment (net) | $102.9M | $107.0M | $110.3M | $117.6M | $127.4M | $134.0M | $143.0M | $152.3M | $156.2M | $139.8M | $140.7M | $136.0M |
| Goodwill & intangible assets | $147.3M | $162.6M | $153.8M | $158.2M | $160.9M | $164.2M | $167.3M | $186.2M | $167.4M | $169.8M | $173.9M | $170.4M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $39.7M | $29.8M | $43.6M | $43.5M | $43.0M | $40.9M | $40.8M | $26.7M | $33.1M | $33.1M | $36.6M | $36.2M |
| Total assets | $882.1M | $839.5M | $947.9M | $823.3M | $834.4M | $792.2M | $963.6M | $916.3M | $961.1M | $925.6M | $1.11B | $1.00B |
| Liabilities | ||||||||||||
| Accounts payable | $179.9M | $162.9M | $203.8M | $184.1M | $144.0M | $117.9M | $162.1M | $194.6M | $179.3M | $121.5M | $176.4M | $188.0M |
| Short-term debt | — | $6.9M | $7.1M | $6.3M | $7.0M | $6.6M | $7.4M | $7.6M | $7.7M | $7.3M | $1.7M | $1.2M |
| Deferred revenue | $22.0M | $38.8M | $22.3M | $21.8M | $21.9M | $21.2M | $21.0M | $21.8M | $20.8M | $20.7M | $20.9M | $20.2M |
| Total current liabilities | $366.8M | $341.1M | $388.2M | $352.4M | $315.6M | $289.6M | $372.5M | $366.2M | $366.9M | $303.2M | $376.0M | $354.2M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $56.8M | $58.7M | $59.2M | $59.6M | $62.2M | $63.0M | $64.2M | $64.1M | $60.8M | $59.3M | $62.4M | $55.0M |
| Other long-term liabilities | $111.8M | $114.0M | $116.4M | $115.6M | $119.5M | $119.7M | $122.0M | $121.5M | $129.8M | $128.4M | $139.6M | $129.4M |
| Total liabilities | $478.6M | $455.1M | $504.5M | $468.1M | $435.1M | $409.3M | $494.5M | $487.7M | $496.7M | $431.6M | $515.6M | $483.6M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $121,000 | $123,000 | $124,000 | $123,000 | $122,000 | $124,000 | $125,000 | $123,000 | $126,000 | $128,000 | $127,000 | $130,000 |
| Retained earnings (deficit) | −$17.3M | −$47.2M | −$18.3M | −$112.1M | −$74.2M | −$70.8M | −$697,000 | −$50.9M | $2.2M | −$1.6M | $68.2M | −$12.8M |
| Accumulated other comprehensive income | $1.3M | $1.7M | $3.6M | $1.8M | $1.2M | −$2.3M | −$2.9M | −$1.7M | −$3.7M | −$4.4M | −$4.3M | −$3.4M |
| Total shareholders' equity | $403.5M | $384.4M | $443.3M | $355.2M | $399.3M | $382.9M | $469.1M | $428.6M | $464.4M | $494.0M | $594.4M | $518.7M |
| Key figures | ||||||||||||
| Total debt | $50.2M | $58.7M | $59.2M | $59.6M | $62.2M | $63.0M | $64.2M | $64.1M | $60.8M | $59.3M | $62.4M | $56.1M |
| Net cash (debt) | $210.8M | $190.4M | $304.3M | $167.9M | $191.8M | $160.5M | $263.7M | $157.0M | $215.9M | $232.3M | $405.0M | $164.1M |
| Working capital | $225.4M | $199.0M | $252.1M | $151.6M | $187.5M | $163.4M | $240.0M | $184.9M | $237.6M | $279.7M | $382.9M | $305.4M |
| Tangible book value | $256.3M | $221.8M | $289.5M | $197.0M | $238.4M | $218.7M | $301.8M | $242.4M | $297.0M | $324.2M | $420.5M | $348.2M |
| Book value per share | $3.34 | $3.08 | $3.56 | $2.95 | $3.32 | $3.19 | $3.76 | $3.53 | $3.65 | $3.99 | $4.69 | $4.07 |
| Shares outstanding | 121.0M | 124.7M | 124.7M | 120.6M | 120.4M | 119.9M | 124.7M | 121.4M | 127.2M | 123.7M | 126.7M | 127.3M |
| Current ratio | 1.61 | 1.58 | 1.65 | 1.43 | 1.59 | 1.56 | 1.64 | 1.51 | 1.65 | 1.92 | 2.02 | 1.86 |
| Quick ratio | 1.03 | 1.01 | 1.24 | 0.83 | 1.10 | 0.91 | 1.11 | 0.73 | 1.11 | 1.19 | 1.46 | 0.81 |
| Debt / equity | 0.12 | 0.15 | 0.13 | 0.17 | 0.16 | 0.16 | 0.14 | 0.15 | 0.13 | 0.12 | 0.10 | 0.11 |
| Equity / assets | 45.7% | 45.8% | 46.8% | 43.1% | 47.9% | 48.3% | 48.7% | 46.8% | 48.3% | 53.4% | 53.6% | 51.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed November 14, 2025); data from EODHD.
SONO financial position
At the end of fiscal 2025 (September 30, 2025), Sonos had total assets of $823.3 million (down 10.2% from a year earlier), total liabilities of $468.1 million and shareholders' equity of $355.2 million. It held $227.5 million in cash and short-term investments against $59.6 million of debt, a net cash position of $167.9 million. Its current ratio was 1.43. In the latest quarter (ended June 30, 2026) total assets were $882.1 million and equity $403.5 million.
Related: SONO income statement, SONO cash flow statement, SONO key metrics. See the SONO stock overview for the latest quote and news.
SONO balance sheet FAQ
What are Sonos's total assets?
Sonos reported total assets of $823.3 million at the end of fiscal 2025 (September 30, 2025), compared with $916.3 million a year earlier.
How much debt does Sonos have?
Sonos had $59.6 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.17.
How much cash does Sonos have?
Sonos held $227.5 million in cash and short-term investments at the end of fiscal 2025; with $59.6 million of debt that is net cash of $167.9 million.
What is Sonos's book value?
Sonos's shareholders' equity (book value) was $355.2 million at the end of fiscal 2025, or $2.94 per share.
What is Sonos's current ratio?
Sonos had current assets of $504.0 million and current liabilities of $352.4 million, a current ratio of 1.43 (it can cover its short-term obligations).
How much goodwill does Sonos have?
Sonos carried $158.2 million of goodwill and intangible assets, 19.2% of total assets, at the end of fiscal 2025.