Sonos, Inc. (SONO) Income Statement
SONO FY2025 at a glance
Fiscal year ended September 30, 2025 · U.S. dollarsSONO revenue and net income
Where SONO's revenue goes
FY2025Each bar shows an amount and its share of revenue. SONO kept −4.2% of revenue as net income.
SONO profit margins
SONO growth rates
to FY2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −4.9% | −6.3% | +1.7% | +4.8% |
| Gross profit | −8.5% | −7.5% | +2.0% | +4.6% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −18.2% | −26.9% | −5.3% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SONO quarterly EPS vs estimates
Sonos beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $-0.16).
SONO income statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.52B | $1.66B | $1.75B | $1.72B | $1.33B | $1.26B | $1.14B | $992.5M | $901.3M |
| Cost of revenue | $812.7M | $828.7M | $938.8M | $956.0M | $906.8M | $754.4M | $733.5M | $647.7M | $536.5M | $497.9M |
| Gross profit | $630.5M | $689.4M | $716.5M | $796.4M | $810.0M | $572.0M | $527.3M | $489.3M | $456.1M | $403.4M |
| Research & development | $280.0M | $304.6M | $301.0M | $256.1M | $230.1M | $214.7M | $171.2M | $142.1M | $124.4M | $107.7M |
| Sales, general & admin | $378.1M | $426.8M | $436.0M | $450.8M | $425.0M | $384.5M | $350.5M | $356.1M | $347.3M | $326.5M |
| Total operating expenses | $681.0M | $737.4M | $737.0M | $706.8M | $655.0M | $599.2M | $521.6M | $498.2M | $471.7M | $932.2M |
| Operating income | −$50.5M | −$48.0M | −$20.5M | $89.5M | $155.0M | −$27.2M | $1.4M | −$8.9M | −$15.6M | −$30.9M |
| Interest income | $6.9M | $12.0M | $10.2M | $1.7M | $146,000 | $2.0M | $4.3M | — | $1.1M | — |
| Interest expense | $465,000 | $441,000 | $733,000 | $552,000 | $592,000 | $1.5M | $2.5M | $4.5M | $4.3M | $0 |
| Income before taxes | −$50.5M | −$27.2M | $4.4M | $68.7M | $156.9M | −$20.1M | −$1.1M | −$14.5M | −$16.5M | −$35.6M |
| Income taxes | $10.6M | $11.0M | $14.7M | $1.3M | −$1.7M | $32,000 | $3.7M | $1.1M | −$2.3M | $2.6M |
| Net income | −$61.1M | −$38.1M | −$10.3M | $67.4M | $158.6M | −$20.1M | −$4.8M | −$15.6M | −$14.2M | −$38.2M |
| EBITDA | $12.3M | $25.7M | $28.4M | $107.8M | $191.4M | $17.8M | $37.8M | $30.1M | $22.8M | — |
| EPS (diluted) | $0.45 | $0.55 | $0.92 | $1.15 | $1.81 | $0.59 | $0.37 | −$0.28 | −$0.13 | −$0.36 |
| Gross margin | 43.7% | 45.4% | 43.3% | 45.4% | 47.2% | 43.1% | 41.8% | 43.0% | 45.9% | 44.8% |
| Operating margin | −3.5% | −3.2% | −1.2% | 5.1% | 9.0% | −2.1% | 0.1% | −0.8% | −1.6% | −3.4% |
| Net margin | −4.2% | −2.5% | −0.6% | 3.8% | 9.2% | −1.5% | −0.4% | −1.4% | −1.4% | −4.2% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $375.3M | $281.5M | $545.7M | $287.9M | $344.8M | $259.8M | $550.9M | $255.4M | $397.1M | $252.7M | $612.9M | $305.1M |
| Cost of revenue | $185.9M | $156.9M | $292.2M | $162.1M | $195.0M | $146.1M | $309.5M | $152.4M | $205.5M | $140.6M | $330.2M | $177.1M |
| Gross profit | $189.3M | $124.6M | $253.5M | $125.8M | $149.7M | $113.6M | $241.4M | $103.0M | $191.6M | $112.0M | $282.7M | $128.1M |
| Research & development | $70.9M | $61.1M | $59.8M | $62.0M | $59.8M | $77.4M | $80.8M | $70.8M | $74.2M | $80.3M | $79.2M | $65.5M |
| Sales, general & admin | $89.9M | $29.7M | $93.3M | $88.6M | $89.6M | $90.4M | $112.5M | $96.6M | $104.0M | $102.7M | $123.5M | $81.8M |
| Total operating expenses | $164.4M | $149.6M | $153.0M | $160.2M | $152.7M | $174.8M | $193.3M | $172.4M | $179.1M | $183.0M | $203.0M | $156.4M |
| Operating income | $24.9M | −$25.0M | $100.4M | −$34.4M | −$2.9M | −$61.2M | $48.1M | −$69.4M | $12.6M | −$71.0M | $79.7M | −$28.4M |
| Interest income | $2.2M | $1.9M | $1.3M | $1.5M | $1.6M | $2.0M | $1.9M | $2.3M | $2.6M | $3.9M | $3.1M | $2.7M |
| Interest expense | $110,000 | $104,000 | $116,000 | $129,000 | $117,000 | $109,000 | $110,000 | $108,000 | $106,000 | $122,000 | $105,000 | $148,000 |
| Income before taxes | −$70.9M | −$31.1M | $102.1M | −$34.3M | −$813,000 | −$59.2M | $43.8M | −$62.3M | $12.6M | −$70.5M | $92.9M | −$32.5M |
| Income taxes | −$6.0M | −$2.2M | $8.3M | $3.5M | $2.6M | $11.0M | −$6.4M | −$9.2M | $8.9M | −$743,000 | $12.0M | −$1.3M |
| Net income | −$64.9M | −$28.9M | $93.8M | −$37.9M | −$3.4M | −$70.1M | $50.2M | −$53.1M | $3.7M | −$69.7M | $80.9M | −$31.2M |
| EBITDA | $40.3M | −$19.2M | $116.2M | −$20.5M | $15.2M | −$43.9M | $61.5M | −$45.0M | $24.8M | −$59.1M | $104.9M | −$18.5M |
| EPS (diluted) | $0.14 | −$0.02 | $0.93 | −$0.20 | $0.19 | −$0.18 | $0.64 | −$0.18 | $0.23 | −$0.34 | $0.84 | −$0.07 |
| Gross margin | 50.4% | 44.3% | 46.5% | 43.7% | 43.4% | 43.7% | 43.8% | 40.3% | 48.3% | 44.3% | 46.1% | 42.0% |
| Operating margin | 6.6% | −8.9% | 18.4% | −12.0% | −0.8% | −23.6% | 8.7% | −27.2% | 3.2% | −28.1% | 13.0% | −9.3% |
| Net margin | −17.3% | −10.3% | 17.2% | −13.1% | −1.0% | −27.0% | 9.1% | −20.8% | 0.9% | −27.6% | 13.2% | −10.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SONO's financial statements (latest annual report filed November 14, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SONO financial results
In fiscal year 2025 (ended September 30, 2025), Sonos reported revenue of $1.4 billion, down 4.9% from the year before. It had a net loss of $61.1 million, a net profit margin of −4.2%. Diluted earnings per share came to $0.45. Over five years revenue grew at an average rate of 1.7% a year.
See the SONO stock overview for the latest quote and news, or the SONO chart for price history and technical indicators.
SONO income statement FAQ
What is Sonos's annual revenue?
Sonos reported total revenue of $1.4 billion for fiscal year 2025, which ended on September 30, 2025. That was down 4.9% from $1.5 billion the previous year.
Is Sonos profitable?
No. Sonos reported a net loss of $61.1 million in fiscal 2025, a net profit margin of −4.2%; its operating margin was −3.5%.
What is Sonos's gross margin?
Sonos's gross margin was 43.7% in fiscal 2025: for every $100 of revenue, Sonos kept $44 after the direct cost of its products and services.
How much does Sonos spend on research and development?
Sonos spent $280.0 million on research and development in fiscal 2025, 19.4% of revenue.
How fast is Sonos growing?
Revenue grew 1.7% a year on average over the last five fiscal years, from $1.3 billion to $1.4 billion.
What are Sonos's earnings per share?
Sonos earned $0.45 per diluted share in fiscal 2025, compared with $0.55 a year earlier.
When will Sonos report its next earnings?
Sonos is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Sonos's fiscal year end?
Sonos's fiscal year ends in September. The latest annual report covers the year ended September 30, 2025 and was filed on November 14, 2025.