Sonos Inc
SONO · Household Audio & Video Equipment · 119.1M shares · +5%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $23M (gross $100M, SBC $77M)
Reference price $14.49 · est. market cap ~$1.7B — last insider purchase, 2026-05-06 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D49Premium audio brand with a loyal installed base but a third straight net-loss year amid declining revenue and a damaging app relaunch.
Strengths
- Sticky 17M-household installed base with ~45% of registrations from existing customers and positive Adjusted EBITDA (~9% margin)
- Net loss narrowed at the growth-rate level (net income growth 76th pct) and gross margin near sector median
Risks
- Net losses of $61M with revenue down 4.9% (19th pct) and ROE -17% (30th pct)
- Quick ratio 0.94 (32nd pct) and accumulated deficit of $112M
- Reputational/software-execution risk after the 2024 app debacle and ongoing demand softness
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
43.7%
Operating margin
-3.5%
Net margin
-4.2%
Return on equity
-17.2%
Return on assets
-7.4%
Revenue growth (QoQ)
-48.4%
Current ratio
1.4×
EBITDA
$12M
Tangible book value
$197M
Cash & investments
$175M
Stock comp / revenue
5.7%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-15 | Casey Saori | Option exercise | 47K | — |
| 2026-05-15 | Lazarus Edward P | Option exercise | 43K | — |
| 2026-05-15 | Casey Saori | Tax withheld | 21K | $14.69 |
| 2026-05-15 | Lazarus Edward P | Tax withheld | 18K | $14.69 |
| 2026-05-06 | Arabia Carmine | Buy | 50 | $14.49 |
| 2026-03-17 | Coliseum Capital Management, LLC | Buy | 125K | $13.57 |
| 2026-03-16 | Coliseum Capital Management, LLC | Buy | 14K | $13.25 |
| 2026-03-13 | Coliseum Capital Management, LLC | Buy | 90K | $13.20 |
| 2026-03-11 | Coliseum Capital Management, LLC | Buy | 180K | $14.22 |
| 2026-03-10 | Coliseum Capital Management, LLC | Buy | 320K | $14.19 |
| 2026-03-09 | Coliseum Capital Management, LLC | Buy | 420K | $13.95 |
| 2026-03-06 | GENACHOWSKI JULIUS | Gift | 15K | — |
| 2026-03-06 | GENACHOWSKI JULIUS | Gift | 15K | — |
| 2026-03-05 | Arabia Carmine | Grant | 13K | — |
| 2026-03-05 | GENACHOWSKI JULIUS | Grant | 13K | — |
| 2026-03-05 | Mildenhall Jonathan | Grant | 13K | — |
| 2026-03-05 | Kennedy Joseph Jude | Grant | 13K | — |
| 2026-03-05 | GENACHOWSKI JULIUS | Grant | 4.8K | — |
| 2026-03-05 | FIELDS MANDY J | Grant | 13K | — |
| 2026-03-05 | Darrell Bracken | Grant | 13K | — |
| 2026-03-05 | Coles Joanna | Grant | 13K | — |
| 2026-03-05 | Boone Karen | Grant | 13K | — |
| 2026-03-05 | Barra Hugo | Grant | 13K | — |
| 2026-02-25 | Coliseum Capital Management, LLC | Buy | 118K | $15.25 |
| 2026-02-24 | Coliseum Capital Management, LLC | Buy | 133K | $14.83 |
| 2026-02-23 | Coliseum Capital Management, LLC | Buy | 360K | $14.90 |
| 2026-02-17 | Coliseum Capital Management, LLC | Buy | 290K | $15.59 |
| 2026-02-13 | Casey Saori | Option exercise | 47K | — |
| 2026-02-13 | Lazarus Edward P | Option exercise | 43K | — |
| 2026-02-13 | Lazarus Edward P | Tax withheld | 15K | $16.29 |
| 2026-02-13 | Casey Saori | Tax withheld | 16K | $16.29 |
| 2026-02-13 | Coliseum Capital Management, LLC | Buy | 257K | $15.74 |
| 2026-02-12 | Coliseum Capital Management, LLC | Buy | 100K | $16.11 |
| 2026-02-06 | Coliseum Capital Management, LLC | Buy | 27K | $16.49 |
| 2026-02-05 | Coliseum Capital Management, LLC | Buy | 212K | $16.29 |
| 2026-02-04 | Coliseum Capital Management, LLC | Buy | 495K | $15.50 |
| 2026-01-12 | Kennedy Joseph Jude | Grant | 1.6K | — |
| 2026-01-12 | FIELDS MANDY J | Grant | 1.6K | — |
| 2026-01-12 | Arabia Carmine | Grant | 1.6K | — |
| 2025-12-04 | Lazarus Edward P | Sell | 12K | $19.00 |
| 2025-11-17 | Conrad Thomas | Buy | 62K | $16.17 |
| 2025-11-14 | Lazarus Edward P | Tax withheld | 21K | $16.58 |
| 2025-11-14 | Casey Saori | Option exercise | 35K | — |
| 2025-11-14 | Casey Saori | Tax withheld | 18K | $16.58 |
| 2025-11-14 | Lazarus Edward P | Option exercise | 42K | — |
| 2025-11-10 | GENACHOWSKI JULIUS | Gift | 77K | — |
| 2025-11-10 | GENACHOWSKI JULIUS | Gift | 77K | — |
| 2025-11-07 | GENACHOWSKI JULIUS | Gift | 1.6K | — |
| 2025-11-07 | GENACHOWSKI JULIUS | Gift | 1.6K | — |
| 2025-09-02 | GENACHOWSKI JULIUS | Grant | 5.9K | — |
| 2025-08-15 | Lazarus Edward P | Option exercise | 42K | — |
| 2025-08-15 | Lazarus Edward P | Tax withheld | 21K | $13.18 |
| 2025-08-15 | Casey Saori | Option exercise | 35K | — |
| 2025-08-15 | Millington Nicholas | Tax withheld | 5.0K | $13.18 |
| 2025-08-15 | Millington Nicholas | Option exercise | 15K | — |
| 2025-08-15 | Casey Saori | Tax withheld | 18K | $13.18 |
| 2025-08-08 | Darrell Bracken | Buy | 22K | $11.15 |
| 2025-08-08 | Casey Saori | Buy | 23K | $10.94 |
| 2025-08-08 | GENACHOWSKI JULIUS | Buy | 23K | $10.95 |
| 2025-08-08 | Conrad Thomas | Buy | 92K | $11.10 |
| 2025-08-08 | Coliseum Capital Management, LLC | Buy | 55K | $11.21 |
| 2025-08-07 | Coliseum Capital Management, LLC | Buy | 127K | $10.61 |
| 2025-08-05 | Coliseum Capital Management, LLC | Buy | 160K | $10.83 |
| 2025-08-04 | Coliseum Capital Management, LLC | Buy | 2.7K | $10.49 |
| 2025-08-01 | Coliseum Capital Management, LLC | Buy | 80K | $10.38 |
| 2025-07-29 | Coliseum Capital Management, LLC | Buy | 675K | $11.25 |
| 2025-07-28 | Coliseum Capital Management, LLC | Buy | 350K | $11.43 |
| 2025-07-25 | Coliseum Capital Management, LLC | Buy | 287K | $11.18 |
| 2025-07-11 | Conrad Thomas | Tax withheld | 15K | $11.09 |
| 2025-07-11 | Conrad Thomas | Option exercise | 30K | — |
| 2025-06-24 | Coliseum Capital Management, LLC | Buy | 112K | $10.34 |
| 2025-06-23 | Coliseum Capital Management, LLC | Buy | 74K | $9.89 |
| 2025-06-20 | Coliseum Capital Management, LLC | Buy | 238K | $9.92 |
| 2025-06-16 | Coliseum Capital Management, LLC | Buy | 132K | $10.26 |
| 2025-06-13 | Conrad Thomas | Option exercise | 30K | — |
| 2025-06-13 | Conrad Thomas | Tax withheld | 15K | $10.17 |
| 2025-06-13 | Coliseum Capital Management, LLC | Buy | 280K | $9.93 |
| 2025-06-12 | Coliseum Capital Management, LLC | Buy | 240K | $10.21 |
| 2025-05-15 | Millington Nicholas | Option exercise | 15K | — |
| 2025-05-15 | Millington Nicholas | Tax withheld | 5.0K | $10.92 |
| 2025-05-15 | Lazarus Edward P | Option exercise | 42K | — |
| 2025-05-15 | Lazarus Edward P | Tax withheld | 15K | $10.92 |
| 2025-05-15 | Casey Saori | Option exercise | 35K | — |
| 2025-05-15 | Casey Saori | Tax withheld | 18K | $10.92 |
| 2025-05-15 | Braman Shamayne | Option exercise | 14K | — |
| 2025-05-15 | Braman Shamayne | Tax withheld | 4.2K | $10.92 |
| 2025-05-13 | Conrad Thomas | Option exercise | 30K | — |
| 2025-05-13 | Conrad Thomas | Tax withheld | 15K | $11.25 |
| 2025-04-11 | Conrad Thomas | Tax withheld | 10K | $8.28 |
| 2025-04-11 | Conrad Thomas | Option exercise | 30K | — |
| 2025-04-07 | Barra Hugo | Grant | 17K | — |
| 2025-04-07 | Coliseum Capital Management, LLC | Buy | 63K | $8.38 |
| 2025-04-03 | Coliseum Capital Management, LLC | Buy | 147K | $9.17 |
| 2025-03-13 | Conrad Thomas | Tax withheld | 10K | $11.69 |
| 2025-03-13 | Conrad Thomas | Option exercise | 30K | — |
| 2025-03-11 | Mildenhall Jonathan | Grant | 15K | — |
| 2025-03-11 | GENACHOWSKI JULIUS | Grant | 15K | — |
| 2025-03-11 | Darrell Bracken | Grant | 15K | — |
| 2025-03-11 | Coles Joanna | Grant | 15K | — |
| 2025-03-11 | Boone Karen | Grant | 15K | — |
| 2025-02-14 | Millington Nicholas | Option exercise | 15K | — |
| 2025-02-14 | Millington Nicholas | Tax withheld | 5.6K | $13.17 |
| 2025-02-14 | Lazarus Edward P | Option exercise | 42K | — |
| 2025-02-14 | Lazarus Edward P | Tax withheld | 15K | $13.17 |
| 2025-02-14 | Findlay Deirdre | Option exercise | 15K | — |
| 2025-02-14 | Findlay Deirdre | Tax withheld | 5.5K | $13.17 |
| 2025-02-14 | Casey Saori | Option exercise | 110K | — |
| 2025-02-14 | Casey Saori | Tax withheld | 44K | $13.17 |
| 2025-02-14 | Braman Shamayne | Option exercise | 30K | — |
| 2025-02-14 | Braman Shamayne | Tax withheld | 9.5K | $13.17 |
| 2025-02-13 | Conrad Thomas | Option exercise | 30K | — |
| 2025-02-13 | Conrad Thomas | Tax withheld | 10K | $13.12 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-04 | ResultsExec/director changeExhibits | filing ↗ |
| 2026-03-11 | 5.03Shareholder voteExhibits | filing ↗ |
| 2026-02-03 | ResultsExhibits | filing ↗ |
| 2026-01-12 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
| 2025-08-06 | ResultsExhibits | filing ↗ |
| 2025-07-23 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-05-07 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-05-05 | 2026-03-28 | 0001314727-26-000061 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0001314727-26-000054 ↗ |
| 8-K | 2026-03-11 | 2026-03-05 | 0001314727-26-000050 ↗ |
| 10-Q | 2026-02-04 | 2025-12-27 | 0001314727-26-000032 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001314727-26-000030 ↗ |
| 8-K | 2026-01-12 | 2026-01-12 | 0001314727-26-000004 ↗ |
| 10-K | 2025-11-14 | 2025-09-27 | 0001314727-25-000090 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001314727-25-000083 ↗ |
| 8-K | 2025-08-06 | 2025-08-06 | 0001314727-25-000072 ↗ |
| 10-Q | 2025-08-06 | 2025-06-28 | 0001314727-25-000074 ↗ |
| 8-K | 2025-07-23 | 2025-07-22 | 0001314727-25-000067 ↗ |
| 10-Q | 2025-05-08 | 2025-03-29 | 0001314727-25-000056 ↗ |