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Sonos (SONO) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Sonos (SONO) reported revenue of $260M for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and -53% from the quarter before. Operating margin was -23.6%, net loss $70.1M (27.0% of revenue).
Sonos, Q2 FY25: revenue $260M (+3% year over year), operating margin -23.6%, net loss $70.1M, operating cash flow −$59.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $260M | -53% | +3% |
| Operating profit | −$61.2M | — | — |
| Net earnings | −$70.1M | — | — |
| Operating cash flow | −$59.7M | — | — |
What changed
Revenue was $259.8M in Q2 FY25, up 3% year over year and down 53% from the previous quarter. Sonos speakers was the largest line at 75% of revenue. Sonos speakers added $7.3M year over year (up 4%), 102% of the total change. Partner products and other revenue declined 9%.
Gross margin was 43.7%, down 0.6 points from a year earlier. Operating costs exceeded revenue by $61.2M, an operating margin of -23.6%. Operating expenses fell 4% while revenue rose 3%. The quarter ended with a net loss of $70.1M, after a profit of $50.2M the previous quarter.
Operating cash flow was −$59.7M. Non-cash charges added back $15.2M of depreciation and amortization and $20.1M of share-based compensation. Working capital and other items used $24.8M. Capital expenditures of $5.6M exceeded it, leaving free cash flow of −$65.2M.
Questions
What was Sonos' revenue in the second quarter fiscal 2025?
Sonos (SONO) reported revenue of $260M for the second quarter fiscal 2025 (Q2 FY25), +3% from a year earlier and -53% from the quarter before.
Was Sonos profitable in the second quarter fiscal 2025?
Operating loss was $61.2M (-23.6% of revenue) and net loss $70.1M.
Source: Sonos 10-Q on SEC EDGAR.