Sonos IncSONO

Sonos Inc Earnings Per Share Disclosure

10-KFiled Nov 14, 20251 min read
11. Loss Per Share
Basic loss per share attributable to common stockholders is calculated by dividing loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding less shares subject to repurchase. Diluted loss per share attributable to common stockholders adjusts the basic loss per share attributable to common stockholders and the weighted-average number of shares of common stock outstanding for the potentially dilutive impact of stock awards, using the treasury stock method.
The following table sets forth the computation of the Company’s basic and diluted loss per share attributable to common stockholders:
September 27,
2025		September 28,
2024		September 30,
2023
(In thousands, except share and per share data)
Numerator:
Net loss - basic and diluted
$(61,144)$(38,146)$(10,274)
Denominator:  
Weighted-average shares of common stock - basic and diluted
120,753,102 123,218,532 127,702,885 
Loss per share:
Loss per share - basic and diluted
$(0.51)$(0.31)$(0.08)
The following potentially dilutive shares as of the end of each period presented were excluded from the computation of diluted loss per share for the periods presented because including them would have been antidilutive:
September 27,
2025		September 28,
2024		September 30,
2023
Stock options to purchase common stock6,438,3207,756,5729,449,904
Restricted stock units12,387,37512,613,4349,742,444
Performance stock units246,81283,998149,991
Total19,072,50720,454,00419,342,339
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About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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