Filing Flows › Sonos (SONO) › Q3 FY25
Sonos (SONO) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 6, 2025
Sonos (SONO) reported revenue of $345M for the third quarter fiscal 2025 (Q3 FY25), -13% from a year earlier and +33% from the quarter before. Operating margin was -0.8%, net loss $3.4M (1.0% of revenue).
Sonos, Q3 FY25: revenue $345M (-13% year over year), operating margin -0.8%, net loss $3.4M, operating cash flow $37.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $345M | +33% | -13% |
| Operating profit | −$2.9M | — | — |
| Net earnings | −$3.4M | — | — |
| Operating cash flow | $37.4M | — | -41% |
| Free cash flow | $32.7M | — | -19% |
What changed
Revenue was $344.8M in Q3 FY25, down 13% year over year and up 33% from the previous quarter. Sonos speakers was the largest line at 74% of revenue. Sonos speakers lost $47.4M year over year (down 16%), 91% of the total change.
Gross margin was 43.4%, down 4.8 points from a year earlier. Operating costs exceeded revenue by $2.9M, an operating margin of -0.8%. Operating expenses fell 15% while revenue fell 13%. The quarter ended with a net loss of $3.4M, narrower than the previous quarter's $70.1M loss. Non-operating items added $2.1M, -260% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $37.4M (down 41% year over year). Non-cash charges added back $15.9M of depreciation and amortization and $19.4M of share-based compensation. Working capital and other items added $5.6M. Capital expenditures of $4.8M left free cash flow of $32.7M.
Questions
What was Sonos' revenue in the third quarter fiscal 2025?
Sonos (SONO) reported revenue of $345M for the third quarter fiscal 2025 (Q3 FY25), -13% from a year earlier and +33% from the quarter before.
Was Sonos profitable in the third quarter fiscal 2025?
Operating loss was $2.9M (-0.8% of revenue) and net loss $3.4M.
Source: Sonos 10-Q on SEC EDGAR.