Sonos Reports Fourth Quarter and Fiscal 2025 Results

About this update from Sonos, Inc.

Q4 Revenue grew +13% year over year, near high end of guidance range Q4 Adjusted EBITDA of $6.4 million , above midpoint of guidance range Fiscal 2025 Adjusted EBITDA grew significantly year over year due to transformation efforts SANTA BARBARA, Calif. --(BUSINESS WIRE)-- Sonos, Inc. (Nasdaq: SONO) today reported Fourth Quarter and Fiscal 2025 results. “Q4 marked a strong finish to a transitional year for Sonos,” said Tom Conrad , Chief Executive Officer of Sonos. “We restored the quality of our software, strengthened our leadership team, and refocused on the areas where we’re truly differentiated. As we turn the page on a new chapter and lay the foundation for our next phase of growth, our strategy is clear: to unite every dimension of sound – through world-class hardware, software, and design – into one seamless platform for the home.” “We closed out Fiscal 2025 on a high note as we delivered strong Q4 financial results with 13% revenue growth and solid positive Adjusted EBITDA,” said Saori Casey , Sonos Chief Financial Officer. “Over the course of Fiscal 2025, we executed on our pivotal transformation work, becoming a leaner, more focused organization with sharper financial discipline. As we enter Fiscal 2026, we’ll remain disciplined as we focus on returning to durable top-line growth — balancing continued profitability improvements with reinvesting efficiency gains.” Fiscal 2025 Financial Highlights (unaudited) Revenue of $1,443.3 million GAAP gross margin of 43.7%, Non-GAAP gross margin of 45.2% GAAP net loss of ($61.1) million , GAAP diluted loss per share of ( $0.51 ) Non-GAAP net income of $78.5 million , Non-GAAP diluted earnings per share of $0.64 Adjusted EBITDA of $132.3 million Fourth Quarter Fiscal 2025 Financial Highlights (unaudited) Revenue of $287.9 million GAAP gross margin of 43.7%, Non-GAAP gross margin of 45.1% GAAP net loss of ($37.9) million , GAAP diluted loss per share of ( $0.31 ) Non-GAAP net loss of ($6.8) million , Non-GAAP diluted loss per share of ( $0.06 ) Adjusted EBITDA of $6.4 million Guidance The company will provide guidance on its Fourth Quarter and Fiscal 2025 earnings call. Supplemental Earnings Presentation The company has posted a supplemental earnings presentation accompanying its Fourth Quarter and Fiscal 2025 results to the Earnings Reports section of its investor relations website at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports . Conference Call, Webcast and Transcript The company will host a webcast of its conference call and Q&A related to its Fourth Quarter and Fiscal 2025 results on November 5, 2025 , at 8:30 a.m. Eastern Time ( 5:30 a.m. Pacific Time ). Participants may access the live webcast in listen-only mode on the Sonos investor relations website at https://investors.sonos.com/news-and-events/default.aspx . The conference call may also be accessed by dialing (888) 330-2454 with conference ID 8641747. Participants outside the U.S. can access the call by dialing (240) 789-2714 using the same conference ID. An archived webcast of the conference call and a transcript of the company’s prepared remarks and Q&A session will also be available at https://investors.sonos.com/reports-and-filings/default.aspx#section=earningsreports following the call. Consolidated Statements of Operations and Comprehensive Loss (unaudited, in thousands, except share and per share amounts) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 Revenue $ 287,900 $ 255,380 $ 1,443,276 $ 1,518,056 Cost of revenue 162,109 152,364 812,746 828,683 Gross profit 125,791 103,016 630,530 689,373 Operating expenses Research and development 61,958 70,777 279,969 304,558 Sales and marketing 67,762 73,180 281,192 290,609 General and administrative 30,480 28,428 119,837 142,252 Total operating expenses 160,200 172,385 680,998 737,419 Operating loss (34,409 ) (69,369 ) (50,468 ) (48,046 ) Other income (expense), net Interest income 1,528 2,327 6,934 11,965 Interest expense (129 ) (108 ) (465 ) (441 ) Other (expense) income, net (1,322 ) 4,864 (6,498 ) 9,371 Total other income (expense), net 77 7,083 (29 ) 20,895 (Loss) before provision for (benefit from) income taxes (34,332 ) (62,286 ) (50,497 ) (27,151 ) Provision for (benefit from) income taxes 3,526 (9,193 ) 10,647 10,995 Net loss $ (37,858 ) $ (53,093 ) $ (61,144 ) $ (38,146 ) Loss per share: Basic and diluted $ (0.31 ) $ (0.44 ) $ (0.51 ) $ (0.31 ) Weighted-average shares used in computing loss per share: Basic and diluted 120,598,219 121,389,519 120,753,102 123,218,532 Total comprehensive loss Net loss (37,858 ) (53,093 ) (61,144 ) (38,146 ) Change in foreign currency translation adjustment 583 1,872 3,619 1,604 Net unrealized income (loss) on marketable securities 43 154 (98 ) 122 Comprehensive loss $ (37,232 ) $ (51,067 ) $ (57,623 ) $ (36,420 ) Consolidated Balance Sheets (unaudited, in thousands, except par values) As of September 27 , 2025 September 28 , 2024 Assets Current assets: Cash and cash equivalents $ 174,668 $ 169,732 Marketable securities 52,858 51,426 Accounts receivable, net 65,847 44,513 Inventories 171,020 231,505 Prepaids and other current assets 39,642 53,910 Total current assets 504,035 551,086 Property and equipment, net 72,277 102,148 Operating lease right-of-use assets 45,297 50,175 Goodwill 82,854 82,854 Intangible assets, net In-process research and development — 73,770 Other intangible assets 75,356 14,266 Deferred tax assets 10,509 10,314 Other noncurrent assets 32,950 31,699 Total assets $ 823,278 $ 916,312 Liabilities and stockholders’ equity Current liabilities: Accounts payable $ 184,109 $ 194,590 Accrued expenses 79,094 87,783 Accrued compensation 21,331 15,701 Deferred revenue, current 21,771 21,802 Other current liabilities 46,107 46,277 Total current liabilities 352,412 366,153 Operating lease liabilities, noncurrent 53,288 56,588 Deferred revenue, noncurrent 59,453 61,075 Deferred tax liabilities 126 60 Other noncurrent liabilities 2,774 3,816 Total liabilities 468,053 487,692 Commitments and contingencies Stockholders’ equity: Common stock, $0.001 par value 123 123 Treasury stock (37,398 ) (17,096 ) Additional paid-in capital 502,775 498,245 Accumulated deficit (112,078 ) (50,934 ) Accumulated other comprehensive income (loss) 1,803 (1,718 ) Total stockholders’ equity 355,225 428,620 Total liabilities and stockholders’ equity $ 823,278 $ 916,312 Consolidated Statements of Cash Flows (unaudited, dollars in thousands) Twelve Months Ended September 27 , 2025 September 28 , 2024 Cash flows from operating activities Net loss $ (61,144 ) $ (38,146 ) Adjustments to reconcile net loss to net cash provided by operating activities: Stock-based compensation expense 81,564 84,294 Depreciation and amortization 62,321 52,378 Provision for inventory obsolescence 8,143 8,894 Restructuring and other charges 11,920 2,204 Deferred income taxes 8 (18,922 ) Other 3,769 3,701 Foreign currency transaction loss (gain) 2,352 (7,276 ) Changes in operating assets and liabilities: Accounts receivable (21,873 ) 23,044 Inventories 51,729 106,122 Other assets 10,483 (28,775 ) Accounts payable and accrued expenses (14,439 ) (789 ) Accrued compensation 5,232 (6,775 ) Deferred revenue (2,737 ) 304 Other liabilities (459 ) 9,648 Net cash provided by operating activities 136,869 189,906 Cash flows from investing activities Purchases of marketable securities (57,944 ) (90,495 ) Purchases of property and equipment (28,676 ) (55,247 ) Maturities of marketable securities 57,100 40,500 Net cash used in investing activities (29,520 ) (105,242 ) Cash flows from financing activities Payments for repurchase of common stock, including excise tax and commission (80,984 ) (129,018 ) Payments for repurchase of common stock related to shares withheld for tax in connection with vesting of restricted stock units (25,861 ) (25,344 ) Proceeds from exercise of stock options 4,503 17,053 Net cash used in financing activities (102,342 ) (137,309 ) Effect of exchange rate changes on cash and cash equivalents (71 ) 2,146 Net increase (decrease) in cash and cash equivalents 4,936 (50,499 ) Cash and cash equivalents Beginning of period 169,732 220,231 End of period $ 174,668 $ 169,732 Supplemental disclosure Cash paid for interest $ 279 $ 256 Cash paid for taxes, net of refunds $ 23,945 $ 21,206 Cash paid for amounts included in the measurement of lease liabilities, net of tenant improvement reimbursements received $ 6,629 $ 11,008 Supplemental disclosure of non-cash investing and financing activities Purchases of property and equipment in accounts payable and accrued expenses $ 5,055 $ 7,878 Right-of-use assets obtained in exchange for new operating lease liabilities $ 1,491 $ 11,492 Excise tax on share repurchases, accrued but not paid $ 281 $ 602 Reconciliation of GAAP to Non-GAAP Cost of Revenue and Gross Profit (unaudited, in thousands, except percentages) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 Reconciliation of GAAP cost of revenue GAAP cost of revenue $ 162,109 $ 152,364 $ 812,746 $ 828,683 Stock-based compensation expense 1,560 620 6,148 2,614 Amortization of intangibles 2,608 973 12,360 3,891 Restructuring and other charges — — 3,420 — Non-GAAP cost of revenue $ 157,941 $ 150,771 $ 790,818 $ 822,178 Reconciliation of GAAP gross profit GAAP gross profit $ 125,791 $ 103,016 $ 630,530 $ 689,373 Stock-based compensation expense 1,560 620 6,148 2,614 Amortization of intangibles 2,608 973 12,360 3,891 Restructuring and other charges — — 3,420 — Non-GAAP gross profit $ 129,959 $ 104,609 $ 652,458 $ 695,878 GAAP gross margin 43.7 % 40.3 % 43.7 % 45.4 % Non-GAAP gross margin 45.1 % 41.0 % 45.2 % 45.8 % Reconciliation of Selected Non-GAAP Financial Measures (unaudited, dollars in thousands) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 Research and Development (GAAP) $ 61,958 $ 70,777 $ 279,969 $ 304,558 Stock-based compensation 7,134 8,780 36,414 37,913 Amortization of intangibles 20 497 236 1,985 Restructuring and other charges 673 4,942 12,555 5,743 Research and Development (Non-GAAP) $ 54,131 $ 56,558 $ 230,764 $ 258,917 Sales and Marketing (GAAP) $ 67,762 $ 73,180 $ 281,192 $ 290,609 Stock-based compensation 2,705 4,201 15,783 17,499 Amortization of intangibles - - - - Restructuring and other charges 5,949 2,473 9,779 2,770 Sales and Marketing (Non-GAAP) $ 59,108 $ 66,506 $ 255,630 $ 270,340 General and Administrative (GAAP) 30,480 28,428 119,837 142,252 Stock-based compensation 5,377 5,732 23,219 26,268 Legal and transaction related costs 2,454 182 5,384 7,383 Amortization of intangibles 24 24 95 96 Restructuring and other charges 1,247 2,571 7,736 3,340 General and Administrative (Non-GAAP) $ 21,378 $ 19,919 $ 83,403 $ 105,165 Total Operating Expenses (GAAP) $ 160,200 $ 172,385 $ 680,998 $ 737,419 Stock-based compensation 15,216 18,713 75,416 81,680 Legal and transaction related costs 2,454 182 5,384 7,383 Amortization of intangibles 44 521 331 2,081 Restructuring and other charges 7,869 9,986 30,070 11,853 Operating Expenses (Non-GAAP) $ 134,617 $ 142,983 $ 569,797 $ 634,422 Total Operating Loss (GAAP) $ (34,409 ) $ (69,369 ) $ (50,468 ) $ (48,046 ) Stock-based compensation 16,776 19,333 81,564 84,294 Legal and transaction related costs 2,454 182 5,384 7,383 Amortization of intangibles 2,652 1,494 12,691 5,972 Restructuring and other charges 7,869 9,986 33,490 11,853 Operating (Loss) Income (Non-GAAP) $ (4,658 ) $ (38,374 ) $ 82,661 $ 61,456 Depreciation 11,013 15,730 49,630 46,406 Adjusted EBITDA (Non-GAAP) $ 6,355 $ (22,644 ) $ 132,291 $ 107,862 Total Operating Loss (GAAP) $ (34,409 ) $ (69,369 ) $ (50,468 ) $ (48,046 ) Stock-based compensation expense 16,776 19,333 81,564 84,294 Legal and transaction related costs 2,454 182 5,384 7,383 Amortization of intangibles 2,652 1,494 12,691 5,972 Restructuring and other charges 7,869 9,986 33,490 11,853 Operating (Loss) Income (Non-GAAP) $ (4,658 ) $ (38,374 ) $ 82,661 $ 61,456 Interest income 1,528 2,327 6,934 11,965 Interest expense (129 ) (108 ) (465 ) (441 ) Pre-tax (Loss) Income (Non-GAAP) $ (3,259 ) $ (36,155 ) $ 89,130 $ 72,980 Provision for (benefit from) income taxes 3,526 (9,193 ) 10,647 10,995 Net (loss) income (Non-GAAP) (6,785 ) (26,962 ) 78,483 61,985 Weighted-average shares non-GAAP, diluted 120,598,219 121,389,519 122,944,942 126,783,859 Non-GAAP (loss) earnings per share, diluted $ (0.06 ) $ (0.22 ) $ 0.64 $ 0.49 Reconciliation of Net Loss to Adjusted EBITDA (unaudited, dollars in thousands except percentages) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 (In thousands, except percentages) Net loss $ (37,858 ) $ (53,093 ) $ (61,144 ) $ (38,146 ) Add (deduct): Depreciation and amortization 13,665 17,224 62,321 52,378 Stock-based compensation expense 16,776 19,333 81,564 84,294 Interest income (1,528 ) (2,327 ) (6,934 ) (11,965 ) Interest expense 129 108 465 441 Other expense (income), net 1,322 (4,864 ) 6,498 (9,371 ) Provision for (benefit from) income taxes 3,526 (9,193 ) 10,647 10,995 Legal and transaction related costs (1) 2,454 182 5,384 7,383 Restructuring and other charges (2) 7,869 9,986 33,490 11,853 Adjusted EBITDA $ 6,355 $ (22,644 ) $ 132,291 $ 107,862 Revenue $ 287,900 $ 255,380 $ 1,443,276 $ 1,518,056 Net loss margin (13.1 )% (20.8 )% (4.2 )% (2.5 )% Adjusted EBITDA margin 2.2 % (8.9 )% 9.2 % 7.1 % (1) Legal and transaction-related costs consist of expenses related to our intellectual property ("IP") litigation against Alphabet and Google, as well as legal and transaction costs associated with our acquisition activity, which we do not consider representative of our underlying operating performance. (2) On February 5, 2025 , we initiated a restructuring plan to reduce our cost base involving 12% of our employees (the "2025 restructuring plan"). Restructuring and other charges for the three and twelve months ended September 27, 2025 , primarily reflect costs associated with our cost transformation initiative including the 2025 restructuring plan, rationalization of our product roadmap, non-recurring costs related to write-offs of assets no longer in use, as well as non-recurring CEO transition costs related to modifications to equity awards. Restructuring and other charges for the three and twelve months ended September 28, 2024 , relate to the restructuring plan we initiated on August 14, 2024 to reduce our cost base, including a reduction in force involving approximately 6% of our employees, and nominal remaining costs incurred related to the restructuring plan initiated on June 14, 2023 (the "2024 restructuring plan"). Reconciliation of GAAP Net (Loss) to Non-GAAP Net (Loss) Income (unaudited, in thousands, except share and per share amounts) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 GAAP net loss $ (37,858 ) $ (53,093 ) $ (61,144 ) $ (38,146 ) Stock-based compensation expense 16,776 19,333 81,564 84,294 Legal and transaction related costs 2,454 182 5,384 7,383 Amortization of intangibles 2,652 1,494 12,691 5,972 Restructuring and other charges 7,869 9,986 33,490 11,853 Other expense (income), net 1,322 (4,864 ) 6,498 (9,371 ) Non-GAAP net (loss) income $ (6,785 ) $ (26,962 ) $ 78,483 $ 61,985 (Loss) earnings per share GAAP loss per share, diluted $ (0.31 ) $ (0.44 ) $ (0.51 ) $ (0.31 ) Non-GAAP (loss) earnings per share, diluted $ (0.06 ) $ (0.22 ) $ 0.64 $ 0.49 Shares used to calculate (loss) earnings per share Weighted-average shares GAAP, diluted 120,598,219 121,389,519 120,753,102 123,218,532 Weighted-average shares non-GAAP, diluted 120,598,219 121,389,519 122,944,942 126,783,859 Reconciliation of Cash Flows Provided by (Used in) Operating Activities to Free Cash Flow (unaudited, dollars in thousands) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 Cash flows provided by (used in) operating activities $ 2,921 $ (37,734 ) $ 136,869 $ 189,906 Less: Purchases of property and equipment (5,258 ) (15,770 ) (28,676 ) (55,247 ) Free cash flow $ (2,337 ) $ (53,504 ) $ 108,193 $ 134,659 Revenue by Product Category (unaudited, dollars in thousands) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 (In thousands) Sonos speakers $ 206,478 $ 178,226 $ 1,121,808 $ 1,169,604 Sonos system products 65,244 58,731 249,237 267,744 Partner products and other revenue 16,178 18,423 72,231 80,708 Total revenue $ 287,900 $ 255,380 $ 1,443,276 $ 1,518,056 Revenue by Geographical Region (unaudited, dollars in thousands) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 Americas $ 191,900 $ 177,533 $ 922,941 $ 1,004,770 Europe , Middle East and Africa 77,534 58,353 441,177 430,428 Asia Pacific 18,466 19,494 79,158 82,858 Total revenue $ 287,900 $ 255,380 $ 1,443,276 $ 1,518,056 Stock-based Compensation (unaudited, dollars in thousands) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 (In thousands) Cost of revenue $ 1,560 $ 620 $ 6,148 $ 2,614 Research and development 7,244 8,780 37,060 37,913 Sales and marketing 2,705 4,201 15,932 17,499 General and administrative 5,377 5,732 27,110 26,268 Total stock-based compensation expense $ 16,886 $ 19,333 $ 86,250 $ 84,294 Amortization of Intangibles (unaudited, dollars in thousands) Three Months Ended Twelve Months Ended September 27 , 2025 September 28 , 2024 September 27 , 2025 September 28 , 2024 Cost of revenue $ 2,608 $ 973 $ 12,360 $ 3,891 Research and development 20 497 236 1,985 Sales and marketing - - - - General and administrative 24 24 95 96 Total amortization of intangibles $ 2,652 $ 1,494 $ 12,691 $ 5,972 Use of Non-GAAP Measures We have provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles (“U.S. GAAP”), including Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP operating (loss) income, non-GAAP pre-tax (loss) income, free cash flow, non-GAAP gross margin, non-GAAP net (loss) income and non-GAAP diluted earnings (loss) per share. These non-GAAP financial measures are not based on any standardized methodology prescribed by U.S. GAAP and are not necessarily comparable to similarly titled measures presented by other companies. We use these non-GAAP financial measures to evaluate our operating performance and trends and make planning decisions. We believe that these non-GAAP financial measures help identify underlying trends in our business that could otherwise be masked by the effect of the expenses and other items that we exclude in these non-GAAP financial measures. Accordingly, we believe that these non-GAAP financial measures provide useful information to investors and others in understanding and evaluating our operating results, enhancing the overall understanding of our past performance and future prospects and allowing for greater transparency with respect to a key financial metric used by our management in its financial and operational decision-making. Non-GAAP financial measures should not be considered in isolation of, or as an alternative to, measures prepared in accordance with U.S. GAAP. Investors are encouraged to review the reconciliation of these financial measures to their nearest U.S. GAAP financial equivalents provided in the financial statement tables above. We define Adjusted EBITDA as net (loss) income adjusted to exclude the impact of depreciation and amortization, stock-based compensation expense, interest income, interest expense, other expense (income), income taxes, restructuring and other charges, legal and transaction related fees and other items that we do not consider representative of our underlying operating performance. We define Adjusted EBITDA margin as Adjusted EBITDA divided by revenue. We define non-GAAP operating (loss) income as total operating loss adjusted to exclude stock-based compensation expense, legal and transaction related costs, amortization of intangibles and restructuring and other charges. We define non-GAAP pre-tax (loss) income as non-GAAP operating (loss) income adjusted to include interest income and to exclude interest expense. We define free cash flow as net cash from operations less purchases of property and equipment. We define non-GAAP gross margin as GAAP gross margin, excluding stock-based compensation, amortization of intangible assets and restructuring and other changes. We calculate non-GAAP net (loss) income as GAAP net (loss) income less stock-based compensation, legal and transaction related fees, amortization of intangibles, other expense (income) and restructuring and other charges. We calculate non-GAAP diluted earnings (loss) per share as non-GAAP net (loss) income divided by non-GAAP weighted average diluted shares outstanding during the period. We do not provide a reconciliation of forward-looking non-GAAP financial measures to their comparable GAAP financial measures because we cannot do so without unreasonable effort due to unavailability of information needed to calculate reconciling items and due to the variability, complexity and limited visibility of the adjusting items that would be excluded from the non-GAAP financial measures in future periods. When planning, forecasting and analyzing future periods, we do so primarily on a non-GAAP basis without preparing a GAAP analysis as that would require estimates for items such as stock-based compensation, which is inherently difficult to predict with reasonable accuracy. Stock-based compensation expense is difficult to estimate because it depends on our future hiring and retention needs, as well as the future fair market value of our common stock, all of which are difficult to predict and subject to constant change. In addition, for purposes of setting annual guidance, it would be difficult to quantify stock-based compensation expense for the year with reasonable accuracy in the current quarter. As a result, we do not believe that a GAAP reconciliation would provide meaningful supplemental information about our outlook. Forward Looking Statements This press release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements include statements regarding our long-term outlook, financial, growth and business strategies and opportunities, our ability to expand our footprint with existing customers, market growth and our market share, our operating model and cost structure including our transformation efforts, our ability to create a seamless platform for the home, and other factors affecting variability in our financial results. These forward-looking statements are only predictions and may differ materially from actual results due to a variety of factors, including, but not limited to: difficulties in and effect of implementing improvements to our operating model and cost structure; the risk that restructuring and related charges may be greater than anticipated or not occur in the expected time frame; local law requirements in various jurisdictions regarding elimination of positions; our ability to accurately forecast product demand and effectively forecast and manage owned and channel inventory levels; our ability to successfully introduce software updates, including with respect to our redesigned app; our ability to maintain, enhance and protect our brand image; the impact of global economic, market and political events, including tariffs, global trade tensions, continued inflationary pressures, high interest rates and, in certain markets, foreign currency exchange rate fluctuations; changes in consumer income and overall consumer spending as a result of economic or political uncertainty or conditions, including tariffs; changes in consumer spending patterns; our ability to successfully introduce new products and services and maintain or expand the success of our existing products; the success of our efforts to expand our direct-to-consumer channel; the success of our financial, growth and business strategies; our ability to compete in the market and maintain or expand market share; our ability to maintain relationships with our channel, distribution and technology partners; our ability to meet product demand and manage any product availability delays; supply chain challenges, including shipping and logistics challenges and component supply-related challenges; our ability to protect our brand and intellectual property; our use of artificial intelligence; and the other risk factors identified in our filings with the Securities and Exchange Commission (the “SEC”), including our most recent Annual Report on Form 10-K and subsequent filings. Copies of our SEC filings are available free of charge at the SEC’s website at www.sec.gov , on our investor relations website at https://investors.sonos.com/reports-and-filings/default.aspx or upon request from our investor relations department. All forward-looking statements herein reflect our opinions only as of the date of this press release, and we undertake no obligation, and expressly disclaim any obligation, to update forward-looking statements herein in light of new information or future events. Sonos and Sonos product names are trademarks or registered trademarks of Sonos, Inc. All other product names and services may be trademarks or service marks of their respective owners. About Sonos Sonos (Nasdaq: SONO) is a leading audio company dedicated to elevating life through sound. Since pioneering multi-room wireless audio in 2005, Sonos has built a system that unites every dimension of sound — music, movies, stories and conversations — into one connected platform. The portfolio includes home theater speakers, components, plug-in and portable speakers, and headphones that compound in value with every room and device its customers add. Known for exceptional sound, thoughtful design, ease of use and seamless access to the world’s audio content, Sonos is trusted by more than 17 million households in 60 countries around the world. Headquartered in Santa Barbara, California . Learn more at www.sonos.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20251105034045/en/ Investor Contact James Baglanis [email protected] Press Contact Erin Pategas [email protected] Source: Sonos

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