Highest-materiality recent filing
Sonos Q2 revenue $282M (+8% YoY), GAAP loss narrows to $29M; appoints Frank Barbieri COO
Revenue $282M (+8% YoY); GAAP net loss improved to $29M from $70M; GAAP EPS -$0.24 (improved $0.34).
Sonos shareholders approve board declassification and eliminate supermajority voting
Shareholders voted to amend certificate of incorporation to phase in board declassification starting 2026.
Sonos Q1 revenue $546M, GAAP EPS $0.75; Adj. EBITDA $132M, up 45% YoY
Revenue $545.7M, above guidance midpoint; GAAP diluted EPS $0.75, Non-GAAP diluted EPS $0.93.
Sonos appoints three new directors: Arabia, Fields, Kennedy
Board expanded from 8 to 10; appointments effective Jan 12, 2026.
Sonos Q4 revenue +13% YoY to $287.9M; Adj EBITDA $6.4M beats guidance
Q4 revenue $287.9M (+13% YoY); GAAP net loss $37.9M ($0.31 loss per share); non-GAAP net loss $6.8M.
Sonos Q3 revenue beats; GAAP loss narrows to $3.4M; guides Q4 EBITDA $0-15M
Q3 revenue $344.8M, above high end of guidance; GAAP net loss $3.4M ($0.03 diluted EPS).
Sonos appoints Tom Conrad as permanent CEO with $850k salary and $7M equity grant
Tom Conrad named permanent CEO/President effective July 22, 2025; interim CEO since Jan 13, 2025.
Sonos Q2 FY2025 revenue $259.8M, GAAP net loss $70.1M, Adj EBITDA near breakeven
Revenue $259.8M at high end of guidance; GAAP gross margin 43.7%.
Sonos appoints Hugo Barra to board; Mike Volpi resigns after 15 years
Hugo Barra appointed to Sonos board effective April 7, 2025; co-founder of /dev/agents and former VP at Meta, Xiaomi, and Google.
Three Class I directors elected: Bracken Darrell (91.6M for), Karen Boone (89.5M for), Joanna Coles (57.8M for, 37.3M withheld).
Sonos discloses severance terms for former CPO Maxime Bouvat-Merlin
Former CPO Maxime Bouvat-Merlin terminated Feb 19, 2025; Severance Agreement signed March 3, 2025.
Sonos CCO Deirdre Findlay resigns effective March 3, 2025; consulting through May 18
Deirdre Findlay resigns as Chief Commercial Officer for personal reasons; no disagreements with Sonos.
Sonos authorizes $150M stock repurchase program, replacing prior $200M program
Board authorized up to $150M in share repurchases; $11M remaining under prior $200M program expired.
Sonos Q1 revenue $551M near guidance high end; announces reduction in force
Revenue $551M; GAAP net income $50.2M ($0.40 EPS); Non-GAAP net income $79.2M ($0.64 EPS).
Sonos cuts ~12% of workforce (~200 jobs), expects $15-18M restructuring charges
Reduction in force of approximately 12% of employees (about 200 positions) announced February 4, 2025.
Sonos eliminates Chief Product Officer role; Bouvat-Merlin exits effective Jan 13
Maxime Bouvat-Merlin's CPO role eliminated effective January 13, 2025.
Sonos CEO Patrick Spence steps down; board member Tom Conrad named interim CEO
Patrick Spence steps down as CEO and board member effective Jan 13, 2025; will stay as strategic advisor through June 30, 2025.
Sonos dismisses PwC as auditor, appoints KPMG for FY2025
Audit Committee approved KPMG as independent auditor for fiscal year ending Sept 27, 2025, effective Dec 10, 2024.
Sonos reports FY2024 GAAP net loss of $38.1M; Q4 revenue $255.4M, EPS -$0.44
FY2024 revenue $1,518.1M; GAAP net loss $38.1M ($0.31 diluted EPS loss); non-GAAP diluted EPS $0.56.
Sonos to cut ~6% of workforce; expects $9-12M in restructuring charges
Reduction in force of approximately 6% of employees, announced August 14, 2024.
Sonos Q3 revenue $397M, adj EPS $0.23; guides down FY2024 after app issues
Revenue $397.1M; GAAP EPS $0.03, Non-GAAP EPS $0.23; Adj. EBITDA $48.9M.
Sonos Q2 FY2024 revenue $252.7M, GAAP net loss of $69.7M, reaffirms FY2024 guidance
Revenue $252.7M, gross margin 44.3%.
Jonathan Mildenhall received 93.3M votes for, 545k withheld; Patrick Spence 75.6M for, 18.2M withheld; broker non-votes 13.7M each.
Sonos appoints Bracken Darrell (President/CEO of VF Corp) to board effective Feb 12, 2024
Bracken Darrell appointed as Class I director; term expiring at 2025 Annual Meeting.
Sonos Q1 FY2024 revenue down 8.9% to $612.9M; GAAP EPS $0.64, non-GAAP $0.84
Revenue $612.9M, -8.9% YoY; constant-currency decline 10.5%.
Sonos appoints Jonathan Mildenhall to board; board expands to 7 members
Board increased from 6 to 7 members; Mildenhall appointed effective Jan 25, 2024 as Class III director.
Sonos names ex-Apple finance executive Saori Casey as CFO; Lazarus to Chief Strategy Officer
Saori Casey appointed CFO effective Jan 22, 2024; base salary $550K, target bonus 65%, RSU and PSU awards each valued at $5M.
Sonos reports FY2023 revenue down 5.5% to $1,655M; GAAP loss $10.3M; announces $200M buyback
FY2023 revenue $1,655.3M (-5.5% YoY); GAAP net loss $10.3M vs $67.4M income; non-GAAP EPS $0.92 vs $1.24.
Sonos appoints Deirdre Findlay as CCO, Dunja LaRosa as CRO, Maxime Bouvat-Merlin as CPO
Deirdre Findlay appointed Chief Commercial Officer effective Oct 16, 2023; resigned from Board Oct 3, 2023.
Panos Panay resigned from Board and Audit Committee on September 27, 2023, due to new role at Amazon.
Sonos Q3 FY2023 revenue flat at $373.4M; GAAP loss deepens to $0.18/sh
Revenue $373.4M, +0.4% YoY (constant-currency +0.3%); gross margin 46.0%, down 130bp.
Sonos to cut 7% of workforce; expects $11-14M in restructuring charges
Reduction in force of ~7% of employees, committed on June 13, 2023.
Sonos Q2 FY2023 revenue down 23.9% to $304.2M; GAAP net loss $30.7M; board chair changes
Revenue $304.2M, down 23.9% YoY; constant-currency decline 22.4%.
Sonos confirms no exposure to failed Silicon Valley Bank; annual meeting results routine
No cash deposits, securities, or business relationship with SVB, closed by California regulator on March 10, 2023.
Sonos Q1 FY2023 revenue $672.6M (+1.2% YoY); GAAP EPS $0.57, Non-GAAP $0.79; maintains FY guidance
Revenue $672.6M, up 1.2% YoY (constant-currency growth ~7%); gross margin 42.4%, down 540 bps.
Sonos CCO Matthew Siegel resigns, effective Feb 17
Matthew Siegel, Chief Commercial Officer, resigns effective February 17, 2023.
Sonos Q4 revenue down 12% YoY; appoints CFO Lazarus; authorizes $100M buyback
FY2022 revenue $1,752.3M (+2.1% YoY); GAAP EPS $0.49 vs $1.13; Non-GAAP EPS $1.20 vs $1.77.
Sonos to reaffirm FY2022 guidance at Goldman Sachs conference
CEO Patrick Spence and Interim CFO/CLO Eddie Lazarus to participate in a fireside chat at Goldman Sachs Communacopia + Technology Conference on Sept 12, 2022.
Sonos discloses compensation for interim CFO Eddie Lazarus: $475,000 salary, $4M RSU grant
Eddie Lazarus appointed interim CFO effective Sept 1, 2022; base salary increased to $475,000.
Sonos appoints Chris Mason as principal accounting officer; CFO transition effective Sept 1
Brittany Bagley resigned as CFO; Eddie Lazarus appointed Interim CFO, effective Sept 1, 2022.
GAAP net loss of $0.6M vs net income $17.8M last year; GAAP diluted EPS $0.00 vs $0.12.
Revenue $399.8M (+20.1% YoY, +22.8% constant currency); GAAP net income $8.6M ($0.06 diluted EPS).
Sonos shareholders elect three Class I directors, ratify PwC, approve exec compensation
Karen Boone elected with 57.6M votes for; Joanna Coles 44.8M; Panos Panay 59.8M.
Sonos Q1 revenue $664.5M (+3% YoY); raises FY2022 midpoint; new FY2024 target $2.5B
GAAP diluted EPS $0.87 vs $1.01 YoY; non-GAAP diluted EPS $1.02 vs $1.17 YoY.
FY2021 revenue $1.717B (+29% YoY); GAAP net income $158.6M vs loss of $20.1M; diluted EPS $1.13.
Sonos reports record Q3 FY21 revenue $378.7M (+52% YoY); raises FY21 outlook
Revenue $378.7M, +52% YoY; GAAP net income $17.8M vs loss $57.0M last year.
on May 4, 2026, following Mr. Barbieri's appointment as COO, Eddie Lazarus will no longer serve as the Company's Business Development Officer but will continue to serve as the Company's Chief Legal Officer.
On April 15, 2026, the Company appointed Frank Barbieri as Chief Operating Officer ("COO") and principal operating officer, effective as of May 4, 2026.
on April 7, 2025, Michelangelo Volpi informed the Board of his resignation as a member of the Board and of the Nominating and Corporate Governance Committee of the Board, effective immediately.
On April 7, 2025, the board of directors (the “Board”) of Sonos, Inc. (“Sonos” or the “Company”) appointed Hugo Barra to the Board, effective immediately.
Mr. Bouvat-Merlin’s employment with the Company terminated February 19, 2025.
On February 19, 2025, Deirdre Findlay, Chief Commercial Officer, informed Sonos, Inc. (the “Company”) that she is resigning from her role, effective March 3, 2025.
on January 12, 2025, the Board appointed Tom Conrad as Interim CEO and President, effective January 13, 2025.
On January 12, 2025, Patrick Spence and the Board of Directors (the "Board") of Sonos, Inc. (the "Company") agreed that Mr. Spence will step down as Chief Executive Officer ("CEO") and as a member of the Board, effective as of January 13, 2025.
On February 12, 2024, the board of directors (the “Board”) of Sonos, Inc. (“Sonos” or the "Company") increased the size of the Board from seven to eight members and appointed Bracken Darrell as a new member, effective immediately.
appointed Jonathan Mildenhall as a new member, effective January 25, 2024.
In connection with Ms. Casey’s appointment as CFO, on January 3, 2024, the Company determined Eddie Lazarus would no longer serve as CFO and appointed Mr. Lazarus as Chief Strategy Officer, each effective as of the Effective Date.
On January 3, 2024, Sonos, Inc. (the “Company”) appointed Saori Casey as Chief Financial Officer (“CFO”) and principal financial officer, effective as of January 22, 2024 (the “Effective Date”).
Max materiality 0.85 · Median 0.65 · Most common event earnings