Sonos Inc
For the period ended Sep 27, 2025. Filed Nov 14, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Nov 14, 2025
SONO$16.89-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended | |||
|---|---|---|---|
| September 27,2025 | September 28,2024 | September 30,2023 | |
| Cash flows from operating activities | |||
| Net loss | $(61,144) | $(38,146) | $(10,274) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 62,321 | 52,378 | 48,969 |
| Restructuring and other charges | 11,920 | 2,204 | 5,533 |
| Stock-based compensation expense | 81,564 | 84,294 | 76,857 |
| Provision for inventory obsolescence | 8,143 | 8,894 | 20,640 |
| Other | 3,769 | 3,701 | 5,535 |
| Deferred income taxes | 8 | (18,922) | (583) |
| Foreign currency transaction (gain) loss | 2,352 | (7,276) | (7,335) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (21,873) | 23,044 | 32,120 |
| Inventories | 51,729 | 106,122 | 87,004 |
| Other assets | 10,483 | (28,775) | 10,470 |
| Accounts payable and accrued expenses | (14,439) | (789) | (162,345) |
| Accrued compensation | 5,232 | (6,775) | (2,185) |
| Deferred revenue | (2,737) | 304 | (4,576) |
| Other liabilities | (459) | 9,648 | 576 |
| Net cash provided by operating activities | 136,869 | 189,906 | 100,406 |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (57,944) | (90,495) | — |
| Purchases of property and equipment | (28,676) | (55,247) | (50,286) |
| Maturities of marketable securities | 57,100 | 40,500 | — |
| Net cash used in investing activities | (29,520) | (105,242) | (50,286) |
| Cash flows from financing activities | |||
| Payments for debt issuance costs | — | — | — |
| Proceeds from exercise of stock options | 4,503 | 17,053 | 21,346 |
| Payments for repurchase of common stock | (80,984) | (129,018) | (100,064) |
| Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of RSUs | (25,861) | (25,344) | (29,874) |
| Net cash used in financing activities | (102,342) | (137,309) | (108,592) |
| Effect of exchange rate changes on cash and cash equivalents | (71) | 2,146 | 3,848 |
| Net increase (decrease) in cash and cash equivalents | 4,936 | (50,499) | (54,624) |
| Cash and cash equivalents | |||
| Beginning of period | 169,732 | 220,231 | 274,855 |
| End of period | $174,668 | $169,732 | $220,231 |
| Supplemental disclosure | |||
| Cash paid for interest | $279 | $256 | $1,330 |
| Cash paid for taxes, net of refunds | $23,945 | $21,206 | $9,522 |
| Cash paid for amounts included in the measurement of lease liabilities, net of tenant improvement reimbursements received | $6,629 | $11,008 | $14,218 |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Purchases of property and equipment, accrued but not paid | $5,055 | $7,878 | $2,784 |
| Right-of-use assets obtained in exchange for lease liabilities | $1,491 | $11,492 | $31,692 |
| Excise tax on share repurchases, accrued but not paid | $281 | $602 | $— |
| Change in estimate of asset retirement obligations | $— | $— | $2,290 |
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