What is Sonos, Inc.'s net debt?

Sonos, Inc. (SONO) reported net debt of -$37.8M in Q1 2026.

How has Sonos, Inc.'s net debt changed year-over-year?

Sonos, Inc.'s net debt increased by 59.9% year-over-year, from -$94.17M to -$37.8M.

What is the long-term trend for Sonos, Inc.'s net debt?

Over 5 years (2020 to 2025), Sonos, Inc.'s net debt has grown at a -21.0% compound annual growth rate (CAGR), from -$321.1M to -$98.93M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Sonos, Inc. SONO Net debt

Discontinued — last reported Q2 '26

Net debt at other companies

Sonos, Inc.SONO

-0.4×—

ANI PharmaceuticalsANIP

-0×-2.5×

Global Net LeaseGNL

-0.2×-0.1×

Healthcare Services GroupHCSG

-1.3×-22.6×

Global PartnersGLP

1.7×+0.2×

Ivanhoe ElectricIE

-19.6×—

Other financials

Income statement

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Revenue$281.5M+8.4%

Gross profit$124.6M+9.7%

Operating income-$31.6M+48.4%

Net income-$28.9M+58.8%

EPS (diluted)-$0.24+58.6%

Balance sheet

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Cash & equivalents$96.5M-38.6%

Total debt$58.7M-6.9%

Total equity$384.4M+0.4%

Total assets$839.5M+6.0%

Cash flow

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Operating cash flow$163.3M+4.6%

CapEx$4.8M-14.0%

Free cash flow$157.3M+10.0%

Valuation

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Market cap$1.68B+64.5%

Profitability

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Gross margin44.8%+0.4pp

Operating margin2.2%+1.3pp

Net margin1.6%+0.9pp

FCF margin-1%—

Returns & leverage

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Return on equity6.2%+3.6pp

Debt / equity0.2×0.0×

Current ratio1.6×0.0×

Where this comes from

Calculated from Sonos, Inc.’s reported figures.

$58.7Mtotal debt−$96.5Mcash and equivalents=-$37.8M

The official record: Sonos, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sonos, Inc.'s net debt?: Sonos, Inc. (SONO) reported net debt of -$37.8M in Q1 2026.
How has Sonos, Inc.'s net debt changed year-over-year?: Sonos, Inc.'s net debt increased by 59.9% year-over-year, from -$94.17M to -$37.8M.
What is the long-term trend for Sonos, Inc.'s net debt?: Over 5 years (2020 to 2025), Sonos, Inc.'s net debt has grown at a -21.0% compound annual growth rate (CAGR), from -$321.1M to -$98.93M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.