SONOS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.44B | $1.52B | $1.66B | $1.75B | $1.72B | $1.33B | $1.26B | $1.14B |
| Cost of Revenue | $812.7M | $828.7M | $938.8M | $956.0M | $906.8M | $754.4M | $733.5M | $647.7M |
| Gross Profit | $630.5M | $689.4M | $716.5M | $796.4M | $810.0M | $572.0M | $527.3M | $489.3M |
| Gross Margin | 43.7% | 45.4% | 43.3% | 45.4% | 47.2% | 43.1% | 41.8% | 43.0% |
| Operating Expenses | ||||||||
| Research & Development | $280.0M | $304.6M | $301.0M | $256.1M | $230.1M | $214.7M | $171.2M | $142.1M |
| SG&A Expense | $119.8M | $142.3M | $168.5M | $170.4M | $152.8M | $121.0M | $102.9M | $85.2M |
| Operating Income | $-50.5M | $-48.0M | $-20.5M | $89.5M | $155.0M | $-27.2M | $5.7M | $-8.9M |
| Operating Margin | -3.5% | -3.2% | -1.2% | 5.1% | 9.0% | -2.1% | 0.5% | -0.8% |
| Interest Expense | — | — | $733.0K | $552.0K | $592.0K | $1.5M | $2.5M | $5.2M |
| Pretax Income | $-50.5M | $-27.2M | $4.4M | $68.7M | $156.9M | $-20.1M | $-1.1M | $-14.5M |
| Income Tax Expense | $10.6M | $11.0M | $14.7M | $1.3M | $-1.7M | $32.0K | $3.7M | $1.1M |
| Net Income | $-61.1M | $-38.1M | $-10.3M | $67.4M | $158.6M | $-20.1M | $-4.8M | $-15.6M |
| Net Margin | -4.2% | -2.5% | -0.6% | 3.8% | 9.2% | -1.5% | -0.4% | -1.4% |
| EPS (Basic) | $-0.51 | $-0.31 | $-0.08 | $0.53 | $1.30 | $-0.18 | $-0.05 | $-0.24 |
| EPS (Diluted) | $-0.51 | $-0.31 | $-0.08 | $0.49 | $1.13 | $-0.18 | $-0.05 | $-0.24 |
| Shares Outstanding (Basic) | 120.8M | 123.2M | 127.7M | 127.7M | 122.2M | 109.8M | 103.8M | 100.9M |
| Shares Outstanding (Diluted) | 120.8M | 123.2M | 127.7M | 137.8M | 140.3M | 109.8M | 103.8M | 100.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |