Sonos, Inc. (SONO) SEC Filings & Earnings Calls
EquiReason read 13 Sonos, Inc. SEC filings in the last 12 months. Latest: SC 13D on 2026-08-03 — Coliseum Capital files Schedule 13D disclosing 15.3% stake in Sonos, with board representation and intent to evaluate strategic alternatives..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 2.1B
- P/E TTM
- 39.9
- Dividend yield
- —
- 52-week
- —
- Next earnings
- 10 Nov, in 17 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
3 Aug 2026SC 13DColiseum Capital files Schedule 13D disclosing 15.3% stake in Sonos, with board representation and intent to evaluate strategic alternatives.open
Figures in the filing · each found in the filing text
| Beneficial ownership percentage · 2026-07-28 | 15.3% |
Risks flagged
Activist-driven uncertainty
“The Reporting Persons may at any time reconsider and change their plans or proposals relating to the foregoing.” · word for word
3 Aug 2026SC 13DColiseum Capital files Schedule 13D disclosing 15.3% stake in Sonos, with board representation and intent to evaluate strategic alternatives.open
Figures in the filing · each found in the filing text
| Beneficial ownership percentage · 2026-07-28 | 15.3% |
Risks flagged
Activist-driven uncertainty
“The Reporting Persons may at any time reconsider and change their plans or proposals relating to the foregoing.” · word for word
29 Jul 20268-K · 5.02, 7.01Reported the departure of a director or principal officer (CEO/CFO change); issued a Regulation FD disclosure (forward guidance or material update)open
Risks flagged
CFO transition risk; activist board member may push for strategic changes.
“CFO retirement and activist investor appointment.”
29 Jul 202610-QSonos reported Q3 FY2026 revenue of $375.3M (+8.8% YoY), net income of $29.9M vs a loss of $3.4M, and gross margin expansion of 700 bps to 50.4%, driven by new product launches and tariff refunds.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q3-2026 | $375M | +9% y/y |
| Products sold · Q3-2026 | 1,266,000 | +17% y/y |
| Net income (loss) · Q3-2026 | $30M | -983% y/y |
| Net income (loss) margin · Q3-2026 | 8.0% | |
| Adjusted EBITDA · Q3-2026 | $44M | +24% y/y |
| Adjusted EBITDA margin · Q3-2026 | 11.7% | |
| Gross margin · Q3-2026 | 50.4% | |
| Sonos speakers revenue · Sonos speakers · Q3-2026 | $285M | +12% y/y |
| Sonos system products revenue · Sonos system products · Q3-2026 | $69M | -5% y/y |
| Partner products and other revenue · Partner products and other · Q3-2026 | $21M | +15% y/y |
Risks flagged
Tariff exposure
“Excluding the impact of tariff refunds, cost of revenue increased primarily due to higher memory costs, tariff expenses, and increased products sold” · word for word
Memory cost inflation
“Excluding the impact of tariff refunds, cost of revenue increased primarily due to higher memory costs, tariff expenses, and increased products sold” · word for word
Product mix shift to lower-priced offerings
“The volume of products sold increased 17.4% for the three months ended June 27, 2026 compared to the three months ended June 28, 2025, outpacing revenue growth due to a shift in product mix toward lower-priced offerings, including Era 100 SL and Play.” · word for word
IP litigation costs
“Legal and transaction related costs (1) 3,789 1,306 9,823 2,928” · word for word
29 Jul 20268-K · 2.02Sonos Q3 FY2026 revenue grew 9% YoY to $375M, GAAP net income $30M vs loss of $3.4M prior year, Adjusted EBITDA up 24% to $44M, near high end of guidance; free cash flow $40M, returned $30M via buybacks.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $375M | +9% y/y |
| GAAP gross margin · Q3-2026 | 50.4% | |
| Non-GAAP gross margin · Q3-2026 | 45.5% | |
| GAAP net income · Q3-2026 | $30M | |
| GAAP diluted EPS · Q3-2026 | $0.25 | |
| Non-GAAP net income · Q3-2026 | $33M | +51% y/y |
| Non-GAAP diluted EPS · Q3-2026 | $0.27 | +52% y/y |
| Adjusted EBITDA · Q3-2026 | $44M | +24% y/y |
| Free cash flow · Q3-2026 | $40M | |
| Share repurchases · Q3-2026 | $30M |
Risks flagged
Dependence on tariff refunds for GAAP profitability; $23.2M IEEPA refunds included in gross margin and net income
“Includes $23.2 million of IEEPA tariff refunds” · word for word
5 May 202610-QTotal revenue $282M (+8% y/y); Products sold 788,000 (+3% y/y); Net income (loss) $-29Mopen
Figures in the filing · each found in the filing text
| Total revenue · Q2-2026 | $282M | +8% y/y |
| Products sold · Q2-2026 | 788,000 | +3% y/y |
| Net income (loss) · Q2-2026 | $-29M | |
| Adjusted EBITDA · Q2-2026 | $2M | |
| Adjusted EBITDA margin · Q2-2026 | 0.6% | |
| Gross margin · Q2-2026 | 44.3% | |
| Cash and cash equivalents · 2026-03-28 | $200M | |
| Marketable securities · 2026-03-28 | $49M |
Risks flagged
Tariff and memory cost pressure on gross margin
“Cost of revenue increased $10.7 million, or 7.3 %, for the three months ended March 28, 2026 compared to the three months ended March 29, 2025, primarily due to tariff expenses and higher memory costs.” · word for word
Softer demand due to market conditions
“Total revenue increased $16.6 million, or 2.0%, for the six months ended March 28, 2026 compared to the six months ended March 29, 2025, primarily due to favorability from foreign exchange rates and continued strength in Era 100, partially offset by softer demand due to market conditions.” · word for word
Foreign exchange volatility
“Other income (expense), net for the three months ended March 28, 2026 compared to the three months ended March 29, 2025, increased from other income of $0.2 million for the three months ended March 29, 2025 to other expense of $1.4 million for the three months ended March 28, 2026 due to foreign currency exchange fluctuations.” · word for word
4 Feb 202610-QSonos reported Q1 FY2026 results with revenue slightly down but significant margin expansion and net income growth, driven by cost savings.earningsopen
Figures in the filing · each found in the filing text
| Total revenue · Q1-2026 | $546M | -1% y/y |
| Products sold · Q1-2026 | 1,793,000 | -3% y/y |
| Net income · Q1-2026 | $94M | +87% y/y |
| Adjusted EBITDA · Q1-2026 | $132M | +45% y/y |
| Gross margin · Q1-2026 | 46.5% | |
| Adjusted EBITDA margin · Q1-2026 | 24.2% | |
| Sonos speakers revenue · Sonos speakers · Q1-2026 | $459M | -2% y/y |
| Sonos system products revenue · Sonos system products · Q1-2026 | $65M | +8% y/y |
| Partner products and other revenue · Partner products and other · Q1-2026 | $21M | -9% y/y |
| Cash and cash equivalents · 2025-12-27 | $313M |
Risks flagged
Tariff cost pressure
“Cost of revenue decreased ... partially offset by increased tariff expenses.”
Demand weakness in EMEA and APAC
“EMEA revenue decreased 4.1% and APAC revenue decreased 4.6% for the three months ended December 27, 2025 compared to the three months ended December 28, 2024.”
3 Feb 20268-K · 2.02Revenue $546M (-1% y/y); GAAP gross margin 46.5; Non-GAAP gross margin 47.5earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $546M | -1% y/y |
| GAAP gross margin · Q1-2026 | 46.5% | |
| Non-GAAP gross margin · Q1-2026 | 47.5% | |
| GAAP net income · Q1-2026 | $94M | +87% y/y |
| GAAP diluted EPS · Q1-2026 | $0.75 | +88% y/y |
| Non-GAAP net income · Q1-2026 | $116M | |
| Non-GAAP diluted EPS · Q1-2026 | $0.93 | |
| Adjusted EBITDA · Q1-2026 | $132M | +45% y/y |
| Operating income · Q1-2026 | $100M | +109% y/y |
| Cash and cash equivalents · Q1-2026 | $313M |
Risks flagged
Revenue slightly declined YoY ($545.7M vs $550.9M) indicating potential demand headwinds
“Revenue $545,662 thousand vs $550,857 thousand prior year”
Significant reduction in R&D and S&M spend may impact future innovation and market share
“R&D $59.8M vs $80.8M; S&M $65.3M vs $86.6M YoY”
22 Jan 2026DEF 14AProxy statement for 2026 Annual Meeting; includes governance changes (board declassification, elimination of supermajority voting) and executive compensation details.open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $1.44B | |
| GAAP Gross Margin · FY2025 | 43.7% | |
| GAAP Net Loss · FY2025 | $-61M | |
| Adjusted EBITDA · FY2025 | $132M | +23% y/y |
| Installed Base (Households) · FY2025 | 17,100,000 | +5% y/y |
| Products per Household · FY2025 | 3.13 | |
| Share Repurchases · FY2025 | $81M | |
| Non-GAAP Net Income · FY2025 | $79M | |
| Non-GAAP Diluted EPS · FY2025 | $0.64 | |
| GAAP Diluted Loss Per Share · FY2025 | $-0.51 |
Guidance
Expect new products in H2 FY2026; no specific revenue or EPS guidance provided.
Management expresses confidence in FY2026 with new product launches in H2, but no quantified guidance is provided.
Risks flagged
App quality and customer experience risk
“Following release of the Company’s redesigned app in May 2024, certain of our customers and partners experienced missing features and performance issues.” · word for word
Tariff pressure on margins
“maintaining healthy margins despite tariff pressures” · word for word
12 Jan 20268-K · 5.02, 7.01Households 17,000,000; Connected devices 53,000,000open
Figures in the filing · each found in the filing text
| Households · point_in_time | 17,000,000 | |
| Connected devices · point_in_time | 53,000,000 |
Risks flagged
No financial or operational risks disclosed; board expansion is neutral.
14 Nov 202510-KNet loss $-61M; Accumulated deficit $112M; International revenue percentage 40.7open
Figures in the filing · each found in the filing text
| Net loss · FY2025 | $-61M | |
| Accumulated deficit · 2025-09-27 | $112M | |
| International revenue percentage · FY2025 | 40.7% | |
| Open purchase orders · 2025-09-27 | $173M | |
| Full-time employees · 2025-09-27 | 1,404 | |
| Issued U.S. patents (calendar 2024) · CY2024 | 228 |
Risks flagged
App redesign fallout
“we believe that the app rollout led to decreased sales of our existing products and reputational harm.” · word for word
Net losses and accumulated deficit
“we had net losses of $10.3 million, $38.1 million and $61.1 million in fiscal 2023, fiscal 2024 and fiscal 2025, respectively. As of September 27, 2025, we had an accumulated deficit of $112.1 million.” · word for word
Key channel partner concentration
“Best Buy, one of our key channel partners, accounted for 14% of our revenue in fiscal 2025.” · word for word
Supply chain transition risk
“During the third quarter of fiscal 2025, we began the process of exiting a partnership with one of our contract manufacturers to consolidate and improve supply chain efficiency.” · word for word
Intense competition
“Many of our competitors have greater financial, technical and marketing resources than we do... we have seen our competitors sell their products at a significant discount to ours from time to time.” · word for word
5 Nov 20258-K · 2.02Revenue $288M (+13% y/y); Revenue $1.44B; GAAP gross margin 43.7earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $288M | +13% y/y |
| Revenue · FY2025 | $1.44B | |
| GAAP gross margin · Q4-2025 | 43.7% | |
| Non-GAAP gross margin · Q4-2025 | 45.1% | |
| GAAP net loss · Q4-2025 | $-38M | |
| Non-GAAP net loss · Q4-2025 | $-7M | |
| Adjusted EBITDA · Q4-2025 | $6M | |
| Adjusted EBITDA · FY2025 | $132M |
Sonos, Inc. — questions
- What did Sonos, Inc. file recently?
- 13 SEC filings in the last 12 months. Latest: SC 13D on 2026-08-03 — Coliseum Capital files Schedule 13D disclosing 15.3% stake in Sonos, with board representation and intent to evaluate strategic alternatives.
Every figure on this page comes from Sonos, Inc.'s own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.