Sonos Inc

Debt On October 13, 2021, the Company entered into a Revolving Credit Agreement (the "Revolving Credit Agreement") which was amended in October 2025 ( Amendment No.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

2 provides for (i) a five-year senior secured revolving credit facility in the amount of up to $ 80.0 million and (ii) an uncommitted incremental facility subject to certain conditions.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

As of June 27, 2026, the Company did not have any outstanding borrowings and had $ 2.4 million in undrawn letters of credit that reduce the availability under the Revolving Credit Agreement.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

Stockholders' Equity On February 24, 2025, the Board of Directors (the "Board") authorized a common stock repurchase program of up to $ 150.0 million.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

During the nine months ended June 27, 2026, the Company repurchased 6,008,107 shares for an aggregate purchase price of $ 94.9 million and at an average price of $ 15.80 per share under the repurchase program.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

As of June 27, 2026, the Company had $ 34.7 million available for share repurchases under the share repurchase program.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

With a focused roadmap, a powerful brand, and a commitment to operational excellence, I m confident we re making progress toward delivering long-term growth.

SEC original ↗Sonos Inc — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Restructuring and other charges for the three and nine months ended June 28, 2025, primarily reflect costs associated with our cost transformation initiative including the 2025 restructuring plan and rationalization of our product roadmap, as well as non-recurring CEO transition costs related to modifications to equity awards.

SEC original ↗Sonos Inc — Earnings release (8-K exhibit)EX-99Aug 6, 2025

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 app recovery efforts and related software updates, tariffs and our ability to mitigate the effects of any tariffs, the macroeconomic environment and our ability to weather it, and other factors affecting variability in our financial results.

SEC original ↗Sonos Inc — Earnings release (8-K exhibit)EX-99Aug 6, 2025

The Company utilizes the following fair value hierarchy to establish priorities of the inputs used to measure fair value: Level 1: Quoted prices in active markets for identical assets or liabilities.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations, objectives, restructuring efforts, cost initiatives, timing of certain tax impacts and financial needs.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

This marks our fourth consecutive quarter of delivering on our top and bottom line guidance while navigating a complex environment marked by tariffs and an uncertain macroeconomic backdrop.

SEC original ↗Sonos Inc — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Forward Looking Statements This press release contains forward-looking statements that involve risks and uncertainties.

SEC original ↗Sonos Inc — Earnings release (8-K exhibit)EX-99Aug 6, 2025

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 app recovery efforts and related software updates, tariffs and our ability to mitigate the effects of any tariffs, the macroeconomic environment and our ability to weather it, and other factors affecting variability in our financial results.

SEC original ↗Sonos Inc — Earnings release (8-K exhibit)EX-99Aug 6, 2025

Legal proceedings 31 Item 1A.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

Commitments and Contingencies Legal proceedings From time to time, the Company is involved in legal proceedings in the ordinary course of business, including claims relating to employee relations, business practices, and patent infringement.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026

Litigation can be expensive and disruptive to normal business operations.

SEC original ↗Sonos Inc — 10-Q Quarterly report10-QJul 29, 2026