Sonos, Inc.
- Open
- 13.63
- Day high
- 13.87
- Day low
- 13.24
- Prev close
- 13.53
- Volume
- 1.1M
- Mkt cap
- $1.6B
- P/E (TTM)
- 66.3
- EPS (TTM)
- $0.20
- P/B
- 4.1
- P/S
- 1.1
- Yield
- —
- Per share
- —
- ▲Insiders net buying $725 over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions accumulating (13F)
Sonos, Inc. (SONO) is a Technology company listed on NASDAQ. The stock is up 22% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
Sonos, Inc. (SONO) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SONO earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 4, 2026 | $-0.18 | $-0.24 | -33.3% | $282M | +5.2% |
| Feb 3, 2026 | $0.81 | $0.93 | +14.8% | $546M | +103.8% |
| Nov 5, 2025 | $0.05 | $-0.06 | -220.0% | $288M | -46.2% |
| May 7, 2025 | $-0.18 | $-0.18 | +0.0% | $260M | +2.2% |
| Feb 6, 2025 | $0.36 | $0.64 | +77.8% | $551M | +6.0% |
| Nov 15, 2023 | $-0.05 | $-0.07 | -40.0% | $305M | +0.9% |
| Feb 8, 2023 | $0.40 | $0.57 | +42.5% | $673M | +13.2% |
| Nov 16, 2022 | $-0.43 | $-0.50 | -16.3% | $316M | +5.9% |
| Aug 10, 2022 | $0.09 | $-0.00 | -105.2% | $372M | -10.7% |
| May 11, 2022 | $0.07 | $0.06 | -14.3% | $400M | +13.4% |
| Feb 9, 2022 | $0.92 | $0.87 | -5.4% | $664M | +3.4% |
| Nov 17, 2021 | $-0.11 | $0.08 | +172.7% | $360M | -0.2% |
SONO insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 18, 2026 | Casey Saoriofficer: Chief Financial Officer | Option | 21,690 | — |
| May 18, 2026 | Conrad Thomasdirector, officer: Chief Executive Officer | Grant | 218,553 | — |
| May 18, 2026 | Lazarus Edward Pofficer: Chief Legal Officer | Option | 15,117 | — |
| May 18, 2026 | Lazarus Edward Pofficer: Chief Legal Officer | Option | 18,906 | — |
| May 18, 2026 | Barbieri Frankofficer: Chief Operating Officer | Grant | 102,447 | — |
| May 18, 2026 | Casey Saoriofficer: Chief Financial Officer | Tax | 20,622 | $14.69 |
| May 18, 2026 | Lazarus Edward Pofficer: Chief Legal Officer | Tax | 18,252 | $14.69 |
| May 18, 2026 | Lazarus Edward Pofficer: Chief Legal Officer | Option | 8,959 | — |
| May 18, 2026 | Casey Saoriofficer: Chief Financial Officer | Option | 24,875 | — |
| May 18, 2026 | Casey Saoriofficer: Chief Financial Officer | Option | 46,565 | — |
| May 18, 2026 | Lazarus Edward Pofficer: Chief Legal Officer | Option | 42,982 | — |
| May 8, 2026 | Arabia Carminedirector | Buy | 50 | $14.49 |
| Mar 17, 2026 | Coliseum Capital Management, LLC10 percent owner | Buy | 125,000 | $13.57 |
| Mar 17, 2026 | Coliseum Capital Management, LLC10 percent owner | Buy | 90,000 | $13.20 |
| Mar 17, 2026 | Coliseum Capital Management, LLC10 percent owner | Buy | 13,920 | $13.25 |
Source: SONO SEC Form 4 filings, latest May 18, 2026. For informational purposes only — not investment advice.
See the full SONO insider & 13F page →Sonos, Inc. company profile
Overview
Sonos, Inc. (NASDAQ:SONO) is a Santa Barbara, California-based consumer electronics company that was founded in 2002 and went public in August 2018. Originally incorporated as Rincon Audio, Inc., the company changed its name to Sonos in 2004. Sonos has established itself as a premium brand in the multi-room wireless audio market, designing and manufacturing speakers, soundbars, and audio accessories that work together in an integrated ecosystem. The company has built a global presence with products sold through approximately 10,000 third-party retail stores and online channels across the Americas, Europe, the Middle East, Africa, and Asia Pacific regions.
Business
Sonos operates in the consumer electronics industry, specifically focusing on multi-room wireless audio systems. The company's core offering revolves around creating connected speaker ecosystems that allow users to play synchronized music throughout their homes using Wi-Fi connectivity rather than traditional Bluetooth connections. The company's product portfolio consists of several key categories. Wireless speakers form the foundation of the business, including portable models like the Move and Roam series, as well as stationary speakers like the Era 100 and Era 300. These speakers can be controlled through Sonos' proprietary mobile application and can stream music from various services including Spotify, Apple Music, and Amazon Music. Home theater products represent another significant segment, featuring soundbars like the Arc and Arc Ultra, along with subwoofers such as the Sub 4 that enhance the audio experience for television and movie viewing. The company recently expanded into the headphones market with the launch of Sonos Ace, marking its first entry into the premium over-ear headphone category. Additionally, Sonos offers professional installation solutions through its Sonos Pro software-as-a-service platform, targeting custom installers and commercial applications. Based on recent financial data, the home theater segment appears to be the strongest performer, while portable speakers have faced softer demand. The company's revenue is distributed across three main channels: retail and other partners (approximately 55% of sales), direct-to-consumer sales (about 23%), and installer solutions (around 22%).
Competitive moat
Sonos' competitive moat is built primarily around its proprietary ecosystem and software platform, but this moat faces significant challenges and is not particularly strong. The company's key advantage lies in its integrated multi-room audio system that allows seamless synchronization of music across multiple speakers throughout a home. This creates some switching costs for customers who have invested in multiple Sonos products, as replacing the system would require purchasing an entirely new ecosystem. The company has developed strong brand recognition in the premium audio segment and has built relationships with music streaming services, though these partnerships are not exclusive. Sonos also benefits from its focus on audio quality and user experience, which has created a loyal customer base willing to pay premium prices. However, Sonos' moat is increasingly under pressure from several directions. Large technology companies like Amazon (Echo), Google (Nest), and Apple (HomePod) have entered the smart speaker market with significant resources and integrated voice assistants, features that Sonos has been slower to fully embrace. These companies can afford to sell hardware at lower margins or even at a loss to drive adoption of their broader ecosystems. The company's recent app development challenges, which required significant investment to fix and delayed product launches, highlight the vulnerability of relying heavily on software integration. Additionally, the wireless audio market has become increasingly commoditized, with many competitors offering similar multi-room capabilities at lower price points. Sonos lacks the deep integration with popular voice assistants and smart home platforms that competitors offer, and it doesn't have the scale advantages or diversified revenue streams of larger technology companies. The company's moat is best described as narrow and primarily dependent on brand loyalty and existing customer ecosystem investments rather than sustainable structural advantages.
Risks & safety
Sonos presents a mixed margin of safety profile with moderate financial risk but concerning operational performance trends. **Cash and Liquidity Position:** - Cash and short-term investments of $173 million as of Q2 2025 - Current ratio of 1.56, indicating adequate short-term liquidity - Negative free cash flow of -$65 million in Q2 2025, showing cash burn concerns - Debt-to-equity ratio of 0.16, representing low financial leverage **Profitability and Valuation:** - Negative EBITDA of -$44 million in Q2 2025, indicating operational losses - Price-to-book ratio of 3.38, suggesting premium valuation relative to book value - Revenue declining year-over-year in recent quarters - Company trading at negative earnings multiples due to losses **Other Considerations:** - Recent workforce reductions and cost-cutting initiatives show management focus on efficiency - App development issues created significant customer service costs and delayed product launches - Strong seasonal variation with Q1 typically being the strongest quarter - Geographic diversification provides some revenue stability across different markets
Recent development
Over the past few years, Sonos has undergone significant strategic transformation while facing substantial operational challenges. The company's most notable recent development was a complete ground-up rewrite of its mobile application that launched in 2024 but suffered severe execution problems, requiring $20-30 million in additional investment to fix issues and leading to delayed product launches. In response to these challenges, Sonos implemented major organizational restructuring, reducing its workforce by approximately 200 employees including 50 managers and executives, and reorganizing from product-focused teams to functional teams. The company also initiated a search for a permanent CEO while Tom Conrad serves in an interim capacity. Product development has seen significant expansion with Sonos entering the headphones market through the launch of Sonos Ace, marking the company's first foray into the premium over-ear headphone category. The company also introduced new home theater products including the Arc Ultra soundbar with Sound Motion technology and the Sub 4 with improved audio architecture. Strategically, Sonos has focused on supply chain diversification, reducing US-bound production from China while expanding manufacturing in Malaysia and Vietnam to mitigate potential tariff impacts. The company ended its partnership with IKEA to focus on core Sonos-branded products and has committed to launching at least two new hardware products annually. Cost management has become a central focus, with the company targeting $60-70 million in annual run-rate savings by fiscal 2026 through operational efficiency improvements and organizational optimization. Despite these challenges, Sonos has maintained its commitment to innovation and premium positioning in the audio market.
SONO company profile · for informational purposes only — not investment advice.
Track SONO with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free