Sonos, Inc(NASDAQ:SONO) 
Sonos, Inc., together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It offers its products...
Website: http://www.sonos.com
Founded: 2002
Full Time Employees: 1,427
Sector: Technology
Industry: Consumer Electronics
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
- Hardware Demand Remains the Core Revenue Driver: Sonos continues to rely primarily on sales of speakers, soundbars, and home audio components, with performance closely tied to consumer discretionary spending and replacement/upgrade cycles.
- Margin and Profitability Sensitive to Mix, Promotions, and Costs: Gross margin and operating results can fluctuate based on product mix (premium vs. entry), promotional intensity, input/shipping costs, and inventory management.
- Software/Services and Platform Value as a Strategic Lever: Expanding software features, content/service integrations, and ecosystem stickiness are key to increasing customer lifetime value and differentiating versus larger consumer electronics competitors.
- Competitive and Channel Dynamics Remain Important Risks: The company operates in a highly competitive market (premium audio and smart home), where pricing pressure, retailer/channel shifts, and rival platform ecosystems can impact share and sell-through.
Bull Thesis:
- Strong Brand Loyalty and Ecosystem Lock-in: Sonos has cultivated a highly loyal customer base that often invests in multiple devices, creating a robust ecosystem. This leads to high customer retention, repeat purchases, and significant switching costs, ensuring a stable revenue stream from existing users.
- Expanding Product Portfolio and Market Opportunities: Sonos is strategically expanding beyond its core smart speaker market into new categories like headphones (Sonos Ace) and architectural audio. This diversification broadens its total addressable market and opens new avenues for growth, attracting new customer segments.
- Premium Market Positioning and Pricing Power: The company maintains a strong position in the premium audio segment, known for its high-quality sound, design, and user experience. This allows Sonos to command premium pricing, maintain healthy gross margins, and appeal to consumers less sensitive to economic fluctuations than the mass market.
- Software-Driven Experience and Potential for Recurring Revenue: Sonos's strength lies not just in hardware but also in its intuitive software platform and app. This software-centric approach enhances the user experience and creates potential for future recurring revenue streams through premium software features, subscription services, or partnerships, further diversifying its business model.
Bear Thesis:
- Intense Competition from Tech Giants and Traditional Audio Brands: Sonos faces formidable competition from tech giants like Apple (HomePod), Google (Nest Audio), and Amazon (Echo), which often bundle audio with broader smart home ecosystems, as well as established audio brands like Bose, JBL, and Sony. These competitors often have deeper pockets, broader distribution, and more aggressive pricing strategies.
- Vulnerability to Discretionary Spending Cuts: As a premium consumer electronics brand, Sonos products are often considered discretionary purchases. Economic downturns, high inflation, or reduced consumer confidence can significantly impact sales as consumers cut back on non-essential spending, leading to slower growth or revenue declines.
- Supply Chain Risks and Margin Pressures: Like many hardware companies, Sonos is susceptible to global supply chain disruptions, component shortages, and rising manufacturing or logistics costs. These factors can lead to production delays, increased operational expenses, and pressure on gross margins, impacting overall profitability.
- Slowing Growth in Core Smart Speaker Market: The smart speaker market, while still growing, is maturing. Significant growth drivers from initial adoption waves may be diminishing, making it harder for Sonos to achieve high double-digit growth rates in its core product categories without substantial innovation or market expansion.
Main Competitors:
- Bose Corporation (Bose Smart Home/SoundTouch speakers, soundbars (e.g., Smart Soundbar 900, Portable Smart Speaker)), Bose is a long-standing competitor in premium audio, offering a similar range of wireless speakers, soundbars, and multi-room audio systems. They compete directly with Sonos on sound quality, design, and brand recognition, often targeting the same premium segment for home audio and entertainment.
- Apple Inc. ($AAPL) (HomePod, HomePod mini, Apple TV (as a soundbar hub)), Apple competes with Sonos through its HomePod and HomePod mini smart speakers, which offer high-quality audio, deep integration with the Apple ecosystem (Apple Music, AirPlay 2), and multi-room capabilities. While not as broad a product line as Sonos, they target users within the Apple ecosystem looking for premium audio and smart home integration.
- Sound United LLC (Denon brand) ($MASI (parent company Masimo)) (HEOS by Denon (e.g., Denon Home series, HEOS-enabled AV receivers)), Denon, through its HEOS platform, offers a direct multi-room wireless audio ecosystem that competes head-to-head with Sonos. They provide a range of wireless speakers, soundbars, and AV receivers with integrated HEOS technology, appealing to audiophiles and home theater enthusiasts who want a robust multi-room solution.
- Samsung Electronics Co., Ltd. ($005930.KS) (Samsung Q-Symphony soundbars, SmartThings ecosystem), Samsung competes primarily through its extensive range of soundbars, many of which offer multi-room capabilities and integrate with its SmartThings smart home ecosystem. With its dominant position in TVs, Samsung often bundles or promotes its soundbars as a complete home entertainment solution, directly challenging Sonos's soundbar offerings.
Moat:
Sonos maintains its competitive edge through a highly refined, user-friendly multi-room audio ecosystem and a strong brand reputation for premium sound quality. However, it faces intense competition from several fronts: tech giants like Apple and Amazon leverage their vast ecosystems and voice assistant dominance, often at more accessible price points; traditional audio brands such as Bose and Denon (HEOS) compete directly on audio fidelity and multi-room functionality; and consumer electronics giants like Samsung integrate audio solutions with their dominant TV and smart home platforms. Sonos's challenge lies in continuing to innovate its software and hardware while defending its premium position against both specialized audio rivals and broad-reaching tech companies.
Income Statements:
Quarterly
Annual
| Unit: USD | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-30 | 2023-09-30 | 2023-07-01 | 2023-04-01 | 2022-12-31 | 2022-10-01 | 2022-07-02 | 2022-04-02 | 2022-01-01 | 2021-10-02 | 2021-07-03 | 2021-04-03 | 2021-01-02 | 2020-10-03 | 2020-06-27 | 2020-03-28 | 2019-12-28 | 2019-09-28 | 2019-06-29 | 2019-03-30 | 2018-12-29 | 2018-09-29 | 2018-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 287,900,000 | 344,764,000 | 259,756,000 | 550,857,000 | 255,380,000 | 397,146,000 | 252,662,000 | 612,869,000 | 305,147,000 | 373,356,000 | 304,173,000 | 672,579,000 | 316,290,000 | 371,783,000 | 399,781,000 | 664,481,000 | 359,540,000 | 378,672,000 | 332,949,000 | 645,584,000 | 339,837,000 | 249,310,000 | 175,098,000 | 562,083,000 | 294,160,000 | 260,119,000 | 210,173,000 | 496,371,000 | 272,939,000 | 208,398,000 |
yoy | 12.73% | -13.19% | 2.81% | -10.12% | -16.31% | 6.37% | -16.93% | -8.88% | -3.52% | 0.42% | -23.92% | 1.22% | -12.03% | -1.82% | 20.07% | 2.93% | 5.80% | 51.89% | 90.15% | 14.86% | 15.53% | -4.16% | -16.69% | 13.24% | 7.77% | 24.82% | ||||
qoq | -16.49% | 32.73% | -52.85% | 115.70% | -35.70% | 57.18% | -58.77% | 100.84% | -18.27% | 22.74% | -54.78% | 112.65% | -14.93% | -7.00% | -39.84% | 84.81% | -5.05% | 13.73% | -48.43% | 89.97% | 36.31% | 42.38% | -68.85% | 91.08% | 13.09% | 23.76% | -57.66% | 81.86% | 30.97% | |
cost of revenue | 162,109,000 | 195,040,000 | 146,147,000 | 309,451,000 | 152,363,000 | 205,505,000 | 140,624,000 | 330,190,000 | 177,093,000 | 201,594,000 | 172,555,000 | 387,522,000 | 192,190,000 | 195,935,000 | 220,747,000 | 347,096,000 | 192,608,000 | 200,811,000 | 167,173,000 | 346,159,000 | 178,301,000 | 139,519,000 | 102,089,000 | 334,463,000 | 169,889,000 | 142,749,000 | 119,760,000 | 301,082,000 | 156,663,000 | 112,909,000 |
gross profit | 125,791,000 | 149,724,000 | 113,609,000 | 241,406,000 | 103,017,000 | 191,641,000 | 112,038,000 | 282,679,000 | 128,054,000 | 171,762,000 | 131,618,000 | 285,057,000 | 124,100,000 | 175,848,000 | 179,034,000 | 317,385,000 | 166,932,000 | 177,861,000 | 165,776,000 | 299,425,000 | 161,536,000 | 109,791,000 | 73,009,000 | 227,620,000 | 124,271,000 | 117,370,000 | 90,413,000 | 195,289,000 | 116,276,000 | 95,489,000 |
yoy | 22.11% | -21.87% | 1.40% | -14.60% | -19.55% | 11.57% | -14.88% | -0.83% | 3.19% | -2.32% | -26.48% | -10.19% | -25.66% | -1.13% | 8.00% | 6.00% | 3.34% | 62.00% | 127.06% | 31.55% | 29.99% | -6.46% | -19.25% | 16.56% | 6.88% | 22.91% | ||||
qoq | -15.98% | 31.79% | -52.94% | 134.34% | -46.24% | 71.05% | -60.37% | 120.75% | -25.45% | 30.50% | -53.83% | 129.70% | -29.43% | -1.78% | -43.59% | 90.13% | -6.14% | 7.29% | -44.64% | 85.36% | 47.13% | 50.38% | -67.93% | 83.16% | 5.88% | 29.82% | -53.70% | 67.95% | 21.77% | |
gross margin % | 43.69% | 43.43% | 43.74% | 43.82% | 40.34% | 48.25% | 44.34% | 46.12% | 41.96% | 46.00% | 43.27% | 42.38% | 39.24% | 47.30% | 44.78% | 47.76% | 46.43% | 46.97% | 49.79% | 46.38% | 47.53% | 44.04% | 41.70% | 40.50% | 42.25% | 45.12% | 43.02% | 39.34% | 42.60% | 45.82% |
operating expenses | ||||||||||||||||||||||||||||||
research and development | 61,958,000 | 59,750,000 | 77,423,000 | 80,838,000 | 70,778,000 | 74,223,000 | 80,322,000 | 79,235,000 | 65,517,000 | 77,758,000 | 80,785,000 | 76,940,000 | 67,275,000 | 62,522,000 | 64,947,000 | 61,330,000 | 65,784,000 | 55,578,000 | 56,370,000 | 52,346,000 | 54,782,000 | 57,770,000 | 49,593,000 | 52,526,000 | 49,644,000 | 44,355,000 | 40,080,000 | 37,095,000 | 37,900,000 | 35,444,000 |
sales and marketing | 67,762,000 | 62,576,000 | 64,210,000 | 86,644,000 | 73,181,000 | 71,643,000 | 61,835,000 | 83,950,000 | 58,601,000 | 66,600,000 | 63,621,000 | 78,696,000 | 72,649,000 | 63,993,000 | 59,955,000 | 83,736,000 | 73,236,000 | 67,231,000 | 57,205,000 | 74,453,000 | 58,338,000 | 77,273,000 | 50,504,000 | 77,423,000 | 70,894,000 | 61,482,000 | 49,371,000 | 65,852,000 | 56,792,000 | 60,819,000 |
general and administrative | 30,480,000 | 30,327,000 | 33,200,000 | 25,831,000 | 28,427,000 | 33,186,000 | 40,841,000 | 39,799,000 | 32,299,000 | 48,665,000 | 44,438,000 | 43,117,000 | 44,240,000 | 42,373,000 | 44,090,000 | 39,725,000 | 39,456,000 | 38,323,000 | 39,806,000 | 35,242,000 | 32,989,000 | 31,662,000 | 26,119,000 | 30,209,000 | 28,563,000 | 26,583,000 | 23,900,000 | 23,823,000 | 21,383,000 | 20,860,000 |
total operating expenses | 160,200,000 | 152,653,000 | 174,833,000 | 193,313,000 | 172,386,000 | 179,052,000 | 182,998,000 | 202,984,000 | 156,417,000 | 193,023,000 | 188,844,000 | 198,753,000 | 184,164,000 | 168,888,000 | 168,992,000 | 184,791,000 | 178,476,000 | 161,132,000 | 153,381,000 | 162,041,000 | 146,109,000 | 166,705,000 | 126,216,000 | 160,158,000 | 149,101,000 | 132,420,000 | 113,351,000 | 126,770,000 | 116,075,000 | 117,123,000 |
operating income | -34,409,000 | -2,929,000 | -61,224,000 | 48,093,000 | -69,369,000 | 12,589,000 | -70,960,000 | 79,695,000 | -28,363,000 | -21,261,000 | -57,226,000 | 86,304,000 | -60,064,000 | 6,960,000 | 10,042,000 | 132,594,000 | -11,544,000 | 16,729,000 | 12,395,000 | 137,384,000 | 15,427,000 | -56,914,000 | -53,207,000 | 67,462,000 | -24,830,000 | -15,050,000 | -22,938,000 | 68,519,000 | 201,000 | -21,634,000 |
yoy | -50.40% | -123.27% | -13.72% | -39.65% | 144.58% | -159.21% | 24.00% | -7.66% | -52.78% | -405.47% | -669.87% | -34.91% | 420.30% | -58.40% | -18.98% | -3.49% | -174.83% | -129.39% | -123.30% | 103.65% | -162.13% | 278.17% | 131.96% | -1.54% | -12453.23% | -30.43% | ||||
qoq | 1074.77% | -95.22% | -227.30% | -169.33% | -651.03% | -117.74% | -189.04% | -380.98% | 33.40% | -62.85% | -166.31% | -243.69% | -962.99% | -30.69% | -92.43% | -1248.60% | -169.01% | 34.97% | -90.98% | 790.54% | -127.11% | 6.97% | -178.87% | -371.70% | 64.98% | -34.39% | -133.48% | 33989.05% | -100.93% | |
operating margin % | -11.95% | -0.85% | -23.57% | 8.73% | -27.16% | 3.17% | -28.08% | 13.00% | -9.29% | -5.69% | -18.81% | 12.83% | -18.99% | 1.87% | 2.51% | 19.95% | -3.21% | 4.42% | 3.72% | 21.28% | 4.54% | -22.83% | -30.39% | 12.00% | -8.44% | -5.79% | -10.91% | 13.80% | 0.07% | -10.38% |
other income | -1,322,000 | 661,000 | 193,000 | -6,029,000 | 4,864,000 | -2,464,000 | -3,303,000 | 10,274,000 | -6,696,000 | 1,424,000 | -2,832,000 | 23,576,000 | -8,364,000 | -9,858,000 | -2,281,000 | -1,402,000 | -2,271,000 | 1,998,000 | -1,578,000 | 4,257,000 | 3,273,000 | 365,000 | -1,423,000 | 4,424,000 | -4,985,000 | 1,068,000 | -710,000 | -3,999,000 | -847,000 | -3,744,000 |
interest income | 1,528,000 | 1,572,000 | 1,973,000 | 1,861,000 | 2,327,000 | 2,629,000 | 3,933,000 | 3,075,000 | 2,661,000 | 2,391,000 | 3,181,000 | 1,967,000 | 1,070,000 | 429,000 | 123,000 | 33,000 | 32,000 | 34,000 | 44,000 | 36,000 | 44,000 | 81,000 | 874,000 | 998,000 | 3,330,000 | 806,000 | 611,000 | |||
interest expense | -129,000 | -117,000 | -109,000 | -110,000 | -108,000 | -106,000 | -122,000 | -105,000 | -148,000 | -274,000 | -152,000 | -158,000 | -168,000 | -196,000 | -90,000 | -98,000 | -67,000 | -77,000 | -182,000 | -265,000 | -300,000 | -360,000 | -374,000 | -453,000 | -398,000 | -1,144,000 | -1,116,000 | |||
total other income | 77,000 | 2,116,000 | 2,057,000 | -4,278,000 | 7,083,000 | 59,000 | 508,000 | 13,244,000 | -4,183,000 | 3,541,000 | 197,000 | 25,385,000 | -7,462,000 | -9,625,000 | -2,248,000 | -1,467,000 | -2,306,000 | 1,955,000 | -1,716,000 | 4,028,000 | 3,017,000 | 86,000 | -923,000 | 4,969,000 | -655,250 | 1,874,000 | -99,000 | -4,397,000 | -920,500 | -4,860,000 |
income before provision for income taxes | -34,332,000 | -813,000 | -59,167,000 | 43,815,000 | -62,286,000 | 12,648,000 | -70,452,000 | 92,939,000 | -32,546,000 | -17,720,000 | -57,029,000 | 111,689,000 | -67,526,000 | -2,665,000 | 7,794,000 | 131,127,000 | -13,850,000 | 18,684,000 | 10,679,000 | 141,412,000 | 18,444,000 | -56,828,000 | -54,130,000 | 72,431,000 | -28,984,000 | -13,176,000 | -23,037,000 | 64,122,000 | -1,790,000 | -26,494,000 |
provision for income taxes | 3,526,000 | 2,566,000 | 10,977,000 | -6,422,000 | -9,193,000 | 8,939,000 | -743,000 | 11,992,000 | -1,306,000 | 5,851,000 | -26,377,000 | 36,501,000 | -3,458,000 | -2,068,000 | -772,000 | 7,646,000 | -5,106,000 | 858,000 | -6,542,000 | 9,120,000 | 33,000 | 152,000 | -1,810,000 | 1,656,000 | 616,000 | 833,000 | -213,000 | 2,455,000 | -70,000 | 494,000 |
net income | -37,858,000 | -3,379,000 | -70,144,000 | 50,237,000 | -53,093,000 | 3,709,000 | -69,709,000 | 80,947,000 | -31,240,000 | -23,571,000 | -30,652,000 | 75,188,000 | -64,068,000 | -597,000 | 8,566,000 | 123,481,000 | -8,744,000 | 17,826,000 | 17,221,000 | 132,292,000 | 18,411,000 | -56,980,000 | -52,320,000 | 70,775,000 | -29,600,000 | -14,009,000 | -22,824,000 | 61,667,000 | -1,720,000 | -26,988,000 |
yoy | -28.69% | -191.10% | 0.62% | -37.94% | 69.95% | -115.74% | 127.42% | 7.66% | -51.24% | 3848.24% | -457.83% | -39.11% | 632.71% | -103.35% | -50.26% | -6.66% | -147.49% | -131.28% | -132.91% | 86.92% | -162.20% | 306.74% | 129.23% | 14.77% | 1620.93% | -48.09% | ||||
qoq | 1020.39% | -95.18% | -239.63% | -194.62% | -1531.46% | -105.32% | -186.12% | -359.11% | 32.54% | -23.10% | -140.77% | -217.36% | 10631.66% | -106.97% | -93.06% | -1512.18% | -149.05% | 3.51% | -86.98% | 618.55% | -132.31% | 8.91% | -173.92% | -339.10% | 111.29% | -38.62% | -137.01% | -3685.29% | -93.63% | |
net income margin % | -13.15% | -0.98% | -27.00% | 9.12% | -20.79% | 0.93% | -27.59% | 13.21% | -10.24% | -6.31% | -10.08% | 11.18% | -20.26% | -0.16% | 2.14% | 18.58% | -2.43% | 4.71% | 5.17% | 20.49% | 5.42% | -22.86% | -29.88% | 12.59% | -10.06% | -5.39% | -10.86% | 12.42% | -0.63% | -12.95% |
net income per share | -0.22 | 0.62 | -0.01 | -0.45 | ||||||||||||||||||||||||||
basic | -0.048 | -0.03 | -0.58 | 0.41 | -0.43 | 0.03 | -0.56 | 0.65 | -0.24 | -0.18 | -0.24 | 0.59 | -0.5 | 0.07 | 0.97 | -0.08 | 0.14 | 0.14 | 1.14 | -0.088 | -0.52 | -0.48 | 0.65 | 0.06 | -0.13 | |||||
diluted | -0.048 | -0.03 | -0.58 | 0.4 | -0.43 | 0.03 | -0.56 | 0.64 | -0.24 | -0.18 | -0.24 | 0.57 | -0.45 | 0.06 | 0.87 | -0.07 | 0.12 | 0.12 | 1.01 | -0.088 | -0.52 | -0.48 | 0.6 | 0.055 | -0.13 | |||||
weighted-average shares used for eps calculation | 120,753,102 | 109,807,154 | 103,783,006 | 102,331,529 | 100,148,106 | 65,706,215 | 60,074,763 | |||||||||||||||||||||||
basic | 120,423,439 | 119,919,163 | 122,071,586 | 123,218,532 | 122,553,129 | 123,749,605 | 125,181,717 | 127,702,885 | 128,311,109 | 127,952,875 | 127,212,245 | 127,691,030 | 127,884,400 | 128,112,234 | 127,662,826 | 122,245,212 | 125,138,279 | 121,880,615 | 115,610,523 | 109,477,622 | 109,515,049 | 108,984,683 | 105,522,313 | |||||||
diluted | 120,423,439 | 119,919,163 | 124,731,619 | 123,218,532 | 127,245,459 | 123,749,605 | 126,742,153 | 127,702,885 | 128,311,109 | 127,952,875 | 131,502,986 | 137,762,078 | 127,884,400 | 139,642,570 | 142,322,448 | 140,309,152 | 144,181,632 | 143,055,546 | 130,644,147 | 109,477,622 | 109,515,049 | 118,415,968 | 105,522,313 | |||||||
total comprehensive income | ||||||||||||||||||||||||||||||
change in foreign currency translation adjustment | 583 | 3,496 | 656 | -1,116 | 1,871 | 681 | -85 | -863 | 2,035 | 802 | 4,542 | -7,226 | -250 | -1,711 | 100 | -360 | 252 | -784 | 199 | 847 | -1,095 | 219 | -431 | -519 | 1,107 | -663 | ||||
net unrealized loss on marketable securities | -35 | -23 | -33 | -84 | -8 | -6 | -26 | |||||||||||||||||||||||
comprehensive income | -5,097.5 | 94 | -69,521 | 49,037 | -51,068 | 4,384 | -69,820 | 80,084 | -29,205 | -22,769 | -26,110 | 67,962 | -64,318 | -2,308 | 8,666 | 123,121 | -8,492 | 17,042 | 17,420 | 133,139 | -9,814.25 | -56,761 | -52,751 | 70,256 | 6,335 | -14,672 | -22,164 | 62,176 | ||
net income attributable to common stockholders: | ||||||||||||||||||||||||||||||
basic and diluted | 50,237,000 | -53,093,000 | 3,709,000 | -69,709,000 | 80,947,000 | -31,240,000 | -23,571,000 | -30,652,000 | 75,188,000 | -64,068,000 | -597,000 | 8,566,000 | ||||||||||||||||||
net income attributable to common stockholders: | ||||||||||||||||||||||||||||||
basic | 123,481,000 | -8,744,000 | 17,826,000 | 17,221,000 | 132,292,000 | -9,631,500 | -56,980,000 | -52,320,000 | 70,775,000 | 6,208,500 | -14,009,000 | |||||||||||||||||||
diluted | 123,481,000 | -8,744,000 | 17,826,000 | 17,221,000 | 132,292,000 | -9,631,500 | -56,980,000 | -52,320,000 | 70,775,000 | 6,208,500 | -14,009,000 | |||||||||||||||||||
net income attributable to common stockholders | ||||||||||||||||||||||||||||||
basic | 123,481,000 | -8,744,000 | 17,826,000 | 17,221,000 | 132,292,000 | -9,631,500 | -56,980,000 | -52,320,000 | 70,775,000 | 6,208,500 | -14,009,000 | |||||||||||||||||||
diluted | 123,481,000 | -8,744,000 | 17,826,000 | 17,221,000 | 132,292,000 | -9,631,500 | -56,980,000 | -52,320,000 | 70,775,000 | 6,208,500 | -14,009,000 | |||||||||||||||||||
net income attributable to common stockholders - basic | -22,824,000 | 61,667,000 | ||||||||||||||||||||||||||||
net income attributable to common stockholders - diluted | -22,824,000 | 61,667,000 | ||||||||||||||||||||||||||||
net income per share | -0.22 | 0.62 | -0.01 | -0.45 | ||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 120,753,102 | 109,807,154 | 103,783,006 | 102,331,529 | 100,148,106 | 65,706,215 | 60,074,763 | |||||||||||||||||||||||
change in foreign currency translation adjustment, net of tax | 660 | 509 | -35 | 162 | ||||||||||||||||||||||||||
net loss attributable to common stockholders | -3,471,000 | -26,988,000 | ||||||||||||||||||||||||||||
total comprehensive loss | ||||||||||||||||||||||||||||||
comprehensive loss | -1,755 | -26,826 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-30 | 2023-09-30 | 2023-07-01 | 2023-04-01 | 2022-12-31 | 2022-10-01 | 2022-07-02 | 2022-04-02 | 2022-01-01 | 2021-10-02 | 2021-07-03 | 2021-04-03 | 2021-01-02 | 2020-10-03 | 2020-06-27 | 2020-03-28 | 2019-12-28 | 2019-09-28 | 2019-06-29 | 2019-03-30 | 2018-12-29 | 2018-09-29 | 2018-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||
cash and cash equivalents | 174,668,000 | 201,273,000 | 173,158,000 | 279,955,000 | 169,732,000 | 227,114,000 | 245,962,000 | 467,342,000 | 220,231,000 | 268,286,000 | 294,873,000 | 431,533,000 | 274,855,000 | 439,726,000 | 606,744,000 | 754,417,000 | 640,101,000 | 670,905,000 | 638,927,000 | 677,834,000 | 407,100,000 | 329,122,000 | 283,250,000 | 408,419,000 | 338,641,000 | 338,292,000 | 295,276,000 | 307,373,000 | 220,930,000 | 124,432,000 |
marketable securities | 52,858,000 | 52,681,000 | 50,349,000 | 47,902,000 | 51,426,000 | 49,515,000 | 45,598,000 | |||||||||||||||||||||||
accounts receivable | 65,847,000 | 94,201,000 | 40,430,000 | 84,786,000 | 44,513,000 | 131,581,000 | 69,725,000 | 80,811,000 | 67,583,000 | 114,658,000 | 84,203,000 | 109,703,000 | 101,206,000 | 124,884,000 | 111,388,000 | 178,257,000 | 100,779,000 | 70,329,000 | 69,690,000 | 113,616,000 | 54,935,000 | 50,358,000 | 40,172,000 | 135,902,000 | 102,743,000 | 91,333,000 | 64,130,000 | 121,654,000 | 73,214,000 | 53,095,000 |
inventories | 171,020,000 | 115,427,000 | 138,421,000 | 140,892,000 | 231,505,000 | 154,903,000 | 179,545,000 | 173,043,000 | 346,521,000 | 298,146,000 | 326,289,000 | 306,056,000 | 454,288,000 | 335,730,000 | 264,405,000 | 205,162,000 | 185,130,000 | 146,697,000 | 139,581,000 | 88,194,000 | 180,830,000 | 88,441,000 | 112,476,000 | 113,117,000 | 219,784,000 | 121,225,000 | 103,725,000 | 109,850,000 | 193,193,000 | 113,411,000 |
prepaid and other current assets | 39,642,000 | 53,910,000 | 25,296,000 | 37,042,000 | 31,504,000 | 17,321,000 | 17,762,000 | 10,073,000 | ||||||||||||||||||||||
total current assets | 504,035,000 | 503,141,000 | 453,024,000 | 612,526,000 | 551,086,000 | 604,456,000 | 582,907,000 | 758,886,000 | 659,631,000 | 708,085,000 | 736,839,000 | 882,057,000 | 867,391,000 | 923,464,000 | 1,010,712,000 | 1,160,368,000 | 957,514,000 | 911,694,000 | 880,153,000 | 900,918,000 | 660,377,000 | 487,027,000 | 464,025,000 | 688,607,000 | 679,109,000 | 566,399,000 | 478,799,000 | 552,260,000 | 497,600,000 | 304,981,000 |
property and equipment | 72,277,000 | 80,726,000 | 86,035,000 | 95,028,000 | 102,148,000 | 103,123,000 | 88,236,000 | 86,816,000 | 87,075,000 | 94,154,000 | 87,467,000 | 85,068,000 | 86,168,000 | 75,862,000 | 71,973,000 | 68,996,000 | 71,341,000 | 71,732,000 | 65,509,000 | 64,170,000 | 60,784,000 | 64,840,000 | 74,910,000 | 81,474,000 | 78,139,000 | 72,856,000 | 71,559,000 | 79,327,000 | 85,371,000 | 89,600,000 |
operating lease right-of-use assets | 45,297,000 | 46,625,000 | 48,011,000 | 47,935,000 | 50,175,000 | 53,030,000 | 51,594,000 | 53,857,000 | 48,918,000 | 51,041,000 | 21,662,000 | 25,894,000 | 28,329,000 | 28,093,000 | 30,660,000 | 33,776,000 | 33,841,000 | 36,595,000 | 39,061,000 | 41,462,000 | 42,342,000 | 43,325,000 | 54,213,000 | 60,007,000 | ||||||
goodwill | 82,854,000 | 82,854,000 | 82,854,000 | 82,854,000 | 82,854,000 | 80,980,000 | 81,303,000 | 82,288,000 | 80,420,000 | 81,779,000 | 81,501,000 | 80,941,000 | 77,300,000 | 79,824,000 | 37,726,000 | 37,726,000 | 15,545,000 | 15,545,000 | 15,545,000 | 15,545,000 | 15,545,000 | 15,545,000 | 15,545,000 | |||||||
intangible assets, net: | ||||||||||||||||||||||||||||||
in-process research and development | 73,770,000 | 70,706,000 | 71,235,000 | 72,846,000 | 69,791,000 | 72,013,000 | 71,554,000 | 70,640,000 | 64,680,000 | |||||||||||||||||||||
other intangible assets | 75,356,000 | 78,008,000 | 81,311,000 | 84,488,000 | 14,266,000 | 15,748,000 | 17,243,000 | 18,745,000 | 20,218,000 | 21,725,000 | 23,219,000 | 24,705,000 | 26,384,000 | |||||||||||||||||
deferred tax assets | 10,509,000 | 10,012,000 | 9,197,000 | 9,654,000 | 10,314,000 | 1,640,000 | 1,638,000 | 1,714,000 | 1,659,000 | 1,437,000 | 1,530,000 | 1,416,000 | 1,508,000 | 1,804,000 | 9,871,000 | 9,892,000 | 10,028,000 | 1,747,000 | 1,984,000 | 1,886,000 | 1,800,000 | 1,350,000 | 1,042,000 | 1,133,000 | 1,154,000 | 1,056,000 | 474,000 | 699,000 | 941,000 | 982,000 |
other noncurrent assets | 32,950,000 | 33,036,000 | 31,746,000 | 31,120,000 | 31,699,000 | 31,422,000 | 31,459,000 | 34,838,000 | 34,529,000 | 34,989,000 | 35,481,000 | 36,154,000 | 36,628,000 | 37,247,000 | 36,401,000 | 32,123,000 | 26,085,000 | 21,823,000 | 20,600,000 | 16,904,000 | 8,809,000 | 5,759,000 | 2,297,000 | 2,169,000 | 3,203,000 | 3,607,000 | 3,508,000 | 3,500,000 | 3,586,000 | 5,782,000 |
total assets | 823,278,000 | 834,402,000 | 792,178,000 | 963,605,000 | 916,312,000 | 961,105,000 | 925,615,000 | 1,109,990,000 | 1,002,241,000 | 1,065,223,000 | 1,059,253,000 | 1,206,875,000 | 1,188,388,000 | 1,243,230,000 | 1,226,231,000 | 1,372,743,000 | 1,138,804,000 | 1,084,098,000 | 1,048,286,000 | 1,066,860,000 | 816,051,000 | 644,628,000 | 639,175,000 | 873,929,000 | 761,605,000 | 643,918,000 | 554,340,000 | 635,786,000 | 587,498,000 | 401,345,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||
accounts payable | 184,109,000 | 143,992,000 | 117,946,000 | 162,080,000 | 194,590,000 | 179,327,000 | 121,497,000 | 176,365,000 | 187,981,000 | 148,898,000 | 183,648,000 | 236,037,000 | 335,758,000 | 308,032,000 | 271,005,000 | 341,343,000 | 214,996,000 | 198,495,000 | 203,585,000 | 239,760,000 | 250,328,000 | 106,519,000 | 82,111,000 | 191,364,000 | 251,941,000 | 153,478,000 | 86,074,000 | 149,199,000 | 195,159,000 | 117,222,000 |
accrued expenses | 79,094,000 | 75,872,000 | 73,531,000 | 108,871,000 | 87,783,000 | 88,958,000 | 72,241,000 | 97,992,000 | 89,717,000 | 91,911,000 | 76,387,000 | 138,344,000 | 109,290,000 | 107,993,000 | 100,344,000 | 164,501,000 | 108,029,000 | 77,006,000 | 61,659,000 | 96,433,000 | 45,049,000 | 47,750,000 | 43,041,000 | 90,822,000 | 69,856,000 | 46,562,000 | 31,945,000 | 59,871,000 | 38,687,000 | 29,600,000 |
accrued compensation | 21,331,000 | 26,408,000 | 26,113,000 | 28,509,000 | 15,701,000 | 33,059,000 | 38,470,000 | 28,018,000 | 22,079,000 | 45,067,000 | 30,492,000 | 26,430,000 | 23,624,000 | 27,250,000 | 32,365,000 | 28,430,000 | 77,695,000 | 66,041,000 | 46,665,000 | 29,424,000 | 44,517,000 | 51,010,000 | 28,397,000 | 28,339,000 | 41,142,000 | 34,300,000 | 26,946,000 | 18,782,000 | 33,371,000 | 27,605,000 |
deferred revenue, current | 21,771,000 | 21,867,000 | 21,214,000 | 20,973,000 | 21,802,000 | 20,796,000 | 20,692,000 | 20,943,000 | 20,188,000 | 20,028,000 | 19,764,000 | 19,560,000 | 27,318,000 | 18,334,000 | 18,438,000 | 17,817,000 | 35,866,000 | 16,906,000 | 18,392,000 | 16,382,000 | 15,304,000 | 14,731,000 | 14,590,000 | 14,604,000 | ||||||
other current liabilities | 46,107,000 | 47,464,000 | 50,786,000 | 52,081,000 | 46,277,000 | 44,741,000 | 50,317,000 | 52,683,000 | 34,253,000 | 38,600,000 | 41,866,000 | 57,268,000 | 39,649,000 | 43,611,000 | 41,584,000 | 47,171,000 | 39,544,000 | 42,471,000 | 40,770,000 | 48,828,000 | 31,150,000 | 29,351,000 | 36,727,000 | 40,552,000 | 17,548,000 | 16,146,000 | 17,914,000 | 22,784,000 | 10,858,000 | 9,346,000 |
total current liabilities | 352,412,000 | 315,603,000 | 289,590,000 | 372,514,000 | 366,153,000 | 366,881,000 | 303,217,000 | 376,001,000 | 354,218,000 | 344,504,000 | 352,157,000 | 477,639,000 | 535,639,000 | 505,220,000 | 463,736,000 | 599,262,000 | 476,130,000 | 400,919,000 | 371,071,000 | 455,764,000 | 393,015,000 | 257,694,000 | 213,199,000 | 375,120,000 | 402,474,000 | 275,502,000 | 185,793,000 | 271,590,000 | 296,357,000 | 201,021,000 |
operating lease liabilities, noncurrent | 53,288,000 | 55,147,000 | 56,442,000 | 56,786,000 | 56,588,000 | 53,050,000 | 51,984,000 | 60,622,000 | 54,956,000 | 53,266,000 | 19,606,000 | 22,318,000 | 25,596,000 | 26,118,000 | 29,342,000 | 32,814,000 | 33,960,000 | 36,501,000 | 39,361,000 | 42,268,000 | 50,360,000 | 53,017,000 | 56,198,000 | 58,589,000 | ||||||
deferred revenue, noncurrent | 59,453,000 | 61,098,000 | 60,276,000 | 61,245,000 | 61,075,000 | 62,190,000 | 62,616,000 | 64,962,000 | 60,650,000 | 62,237,000 | 61,963,000 | 62,421,000 | 56,152,000 | 57,487,000 | 58,196,000 | 57,761,000 | 53,632,000 | 53,480,000 | 52,497,000 | 52,459,000 | 47,085,000 | 45,634,000 | 45,753,000 | 47,042,000 | ||||||
deferred tax liabilities | 126,000 | 512,000 | 311,000 | 176,000 | 60,000 | 10,735,000 | 9,972,000 | 10,192,000 | 9,846,000 | 12,066,000 | 11,849,000 | 10,415,000 | 9,642,000 | 10,789,000 | 2,394,000 | 2,394,000 | 2,394,000 | 2,394,000 | 2,394,000 | 2,434,000 | 2,434,000 | |||||||||
other noncurrent liabilities | 2,774,000 | 2,736,000 | 2,700,000 | 3,757,000 | 3,816,000 | 3,858,000 | 3,822,000 | 3,804,000 | 3,914,000 | 2,940,000 | 764,000 | 728,000 | 846,000 | 880,000 | 879,000 | 905,000 | 3,646,000 | 3,677,000 | 3,695,000 | 3,726,000 | 7,067,000 | 7,187,000 | 2,676,000 | 2,707,000 | 10,568,000 | 9,080,000 | 9,558,000 | 9,887,000 | 10,334,000 | 10,851,000 |
total liabilities | 468,053,000 | 435,096,000 | 409,319,000 | 494,478,000 | 487,692,000 | 496,714,000 | 431,611,000 | 515,581,000 | 483,584,000 | 475,013,000 | 446,339,000 | 573,521,000 | 627,875,000 | 600,494,000 | 554,547,000 | 693,136,000 | 569,762,000 | 496,971,000 | 469,018,000 | 556,651,000 | 518,212,000 | 383,429,000 | 339,371,000 | 506,650,000 | 480,677,000 | 355,493,000 | 267,471,000 | 355,758,000 | 379,140,000 | 290,104,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||
common stock, 0.001 par value... | 123,000 | 123,000 | 130,000 | 130,000 | 129,000 | 114,000 | 110,000 | 101,000 | ||||||||||||||||||||||
treasury stock | -37,398,000 | -16,322,000 | -51,934,000 | -48,504,000 | -17,096,000 | -72,323,000 | -77,996,000 | -38,856,000 | -72,586,000 | -32,352,000 | -36,462,000 | -35,047,000 | -50,896,000 | -65,050,000 | -36,831,000 | -54,875,000 | -50,276,000 | -48,740,000 | -26,023,000 | -26,004,000 | -20,886,000 | -53,317,000 | -51,310,000 | -18,576,000 | -13,498,000 | -11,904,000 | -11,638,000 | -11,072,000 | -11,072,000 | -11,072,000 |
additional paid-in capital | 502,775,000 | 488,548,000 | 507,805,000 | 521,121,000 | 498,245,000 | 538,172,000 | 577,840,000 | 569,286,000 | 607,345,000 | 609,460,000 | 613,505,000 | 606,420,000 | 617,390,000 | 649,449,000 | 647,871,000 | 682,504,000 | 690,462,000 | 698,520,000 | 684,988,000 | 633,335,000 | 548,993,000 | 562,098,000 | 541,937,000 | 523,929,000 | 502,757,000 | 480,170,000 | 463,677,000 | 434,111,000 | 424,617,000 | 235,444,000 |
accumulated deficit | -112,078,000 | -74,220,000 | -70,841,000 | -697,000 | -50,934,000 | -1,550,000 | -12,788,000 | -2,514,000 | -69,897,000 | -61,153,000 | -78,979,000 | -96,200,000 | -228,492,000 | -246,902,000 | -189,922,000 | -137,602,000 | -208,377,000 | -178,777,000 | -164,768,000 | -141,944,000 | -203,611,000 | -201,891,000 | ||||||||
accumulated other comprehensive income | 1,803,000 | 1,178,000 | ||||||||||||||||||||||||||||
total stockholders' equity | 355,225,000 | 428,620,000 | 518,657,000 | 560,513,000 | 569,042,000 | 297,839,000 | 280,928,000 | |||||||||||||||||||||||
total liabilities and stockholders’ equity | 823,278,000 | 834,402,000 | 792,178,000 | 963,605,000 | 916,312,000 | 961,105,000 | 925,615,000 | 1,109,990,000 | 1,002,241,000 | 1,065,223,000 | 1,059,253,000 | 1,206,875,000 | 1,188,388,000 | 1,243,230,000 | 1,226,231,000 | 1,372,743,000 | 1,138,804,000 | 1,084,098,000 | 1,048,286,000 | 1,066,860,000 | 816,051,000 | 644,628,000 | 639,175,000 | 873,929,000 | 761,605,000 | 643,918,000 | 554,340,000 | 635,786,000 | ||
prepaids and other current assets | 39,559,000 | 50,666,000 | 58,991,000 | 41,343,000 | 42,077,000 | 37,690,000 | 26,995,000 | 31,474,000 | 34,765,000 | 23,124,000 | 28,175,000 | 22,532,000 | 23,763,000 | 31,763,000 | 21,076,000 | 18,923,000 | 27,945,000 | 30,986,000 | 15,363,000 | 15,485,000 | 13,196,000 | |||||||||
intangible assets | 96,936,000 | 28,888,000 | 29,862,000 | 24,450,000 | 24,962,000 | 25,434,000 | 25,975,000 | 26,394,000 | 26,782,000 | 27,143,000 | ||||||||||||||||||||
common stock | 122,000 | 124,000 | 125,000 | 126,000 | 128,000 | 127,000 | 130,000 | 130,000 | 130,000 | 131,000 | 130,000 | 130,000 | 128,000 | 126,000 | 121,000 | 115,000 | 113,000 | 111,000 | 107,000 | 106,000 | 101,000 | 61,000 | ||||||||
total stockholders’ equity | 399,306,000 | 382,859,000 | 469,127,000 | 464,391,000 | 494,004,000 | 594,409,000 | 590,210,000 | 612,914,000 | 633,354,000 | 642,736,000 | 671,684,000 | 679,607,000 | 587,127,000 | 579,268,000 | 510,209,000 | 261,199,000 | 299,804,000 | 367,279,000 | 288,425,000 | 286,869,000 | 280,028,000 | 208,358,000 | 20,900,000 | |||||||
accumulated other comprehensive loss | -2,295,000 | -2,918,000 | -1,718,000 | -3,743,000 | -4,418,000 | -4,307,000 | -3,444,000 | -5,479,000 | -6,281,000 | -10,823,000 | -3,597,000 | -3,347,000 | -1,636,000 | -1,736,000 | -1,376,000 | -1,628,000 | -844,000 | -1,043,000 | -1,890,000 | -795,000 | -1,014,000 | -583,000 | -64,000 | -1,171,000 | -508,000 | -1,168,000 | -1,677,000 | -1,642,000 | ||
retained earnings | 2,159,000 | 68,159,000 | 18,451,000 | 42,022,000 | 72,674,000 | 61,553,000 | 62,150,000 | 53,584,000 | ||||||||||||||||||||||
restricted cash | 192,000 | 198,000 | 191,000 | 183,000 | 182,000 | 183,000 | 179,000 | 186,000 | 183,000 | 187,000 | 190,000 | 191,000 | ||||||||||||||||||
short-term debt | 24,937,000 | 6,667,000 | 8,333,000 | 8,333,000 | 9,439,000 | 8,333,000 | 11,667,000 | 10,000,000 | 8,333,000 | 6,667,000 | ||||||||||||||||||||
long-term debt | 18,251,000 | 19,897,000 | 21,545,000 | 23,192,000 | 24,840,000 | 28,154,000 | 29,801,000 | 31,449,000 | 33,097,000 | 39,686,000 | ||||||||||||||||||||
intangible assets and goodwill | 40,539,000 | |||||||||||||||||||||||||||||
deferred revenue | 13,654,000 | 13,349,000 | 12,914,000 | 12,621,000 | 11,615,000 | 17,248,000 | ||||||||||||||||||||||||
liabilities, redeemable convertible preferred stock and stockholders’ equity | ||||||||||||||||||||||||||||||
redeemable convertible preferred stock, 0.001 par value... | ||||||||||||||||||||||||||||||
total liabilities, redeemable convertible preferred stock and stockholders’ equity | 587,498,000 | 401,345,000 | ||||||||||||||||||||||||||||
other current assets | 13,852,000 | |||||||||||||||||||||||||||||
redeemable convertible preferred stock | 90,341,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-27 | 2025-06-28 | 2025-03-29 | 2024-12-28 | 2024-09-28 | 2024-06-29 | 2024-03-30 | 2023-12-30 | 2023-09-30 | 2023-07-01 | 2023-04-01 | 2022-12-31 | 2022-10-01 | 2022-07-02 | 2022-04-02 | 2022-01-01 | 2021-10-02 | 2021-07-03 | 2021-04-03 | 2021-01-02 | 2020-10-03 | 2020-06-27 | 2020-03-28 | 2019-12-28 | 2019-09-28 | 2019-06-29 | 2019-03-30 | 2018-12-29 | 2018-09-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | |||||||||||||||||||||||||||||
net loss | |||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | |||||||||||||||||||||||||||||
depreciation and amortization | 13,664,000 | 15,879,000 | 15,167,000 | 17,611,000 | 17,224,000 | 12,033,000 | 11,243,000 | 11,878,000 | 13,915,000 | 12,209,000 | 11,713,000 | 11,132,000 | 10,805,000 | 8,907,000 | 9,575,000 | 9,217,000 | 8,093,000 | 9,064,000 | 8,743,000 | 7,982,000 | 8,734,000 | 8,861,000 | |||||||
restructuring and other charges | 5,597,000 | 1,434,000 | |||||||||||||||||||||||||||
stock-based compensation expense | 16,775,000 | 19,353,000 | 20,102,000 | 25,334,000 | 19,333,000 | 21,930,000 | 23,673,000 | 19,358,000 | 17,308,000 | 18,329,000 | 21,025,000 | 20,195,000 | 18,177,000 | 18,779,000 | 21,225,000 | 17,459,000 | 15,372,000 | 15,548,000 | 16,363,000 | 14,844,000 | 15,972,000 | 15,040,000 | 13,394,000 | 13,204,000 | 13,050,000 | 13,407,000 | 11,086,000 | 9,032,000 | 9,248,000 |
provision for inventory obsolescence | -1,099,000 | 9,385,000 | -1,448,000 | 1,305,000 | 6,889,000 | -3,288,000 | -544,000 | 5,837,000 | |||||||||||||||||||||
other | 1,337,000 | 904,000 | 687,000 | 841,000 | 728,000 | 785,000 | 952,000 | 1,236,000 | -13,699,000 | 6,002,000 | 6,435,000 | 6,797,000 | 2,325,000 | 4,237,000 | 3,218,000 | 1,139,000 | 698,000 | 909,000 | 1,394,000 | -1,050,000 | 1,339,000 | 1,382,000 | 1,518,000 | 1,471,000 | 751,000 | 355,000 | 1,132,000 | 475,000 | 1,037,000 |
deferred income taxes | -934,000 | -55,000 | 874,000 | 123,000 | -19,741,000 | 850,000 | 14,000 | -45,000 | -2,152,000 | 211,000 | 1,191,000 | 167,000 | -270,000 | -1,109,000 | -143,000 | 14,000 | -8,425,000 | 241,000 | -158,000 | 12,000 | -391,000 | -250,000 | 23,000 | 51,000 | -139,000 | -570,000 | 215,000 | 226,000 | 35,000 |
foreign currency transaction loss | 1,780,000 | 2,129,000 | 6,338,000 | 2,170,000 | 1,773,000 | 494,000 | -2,652,000 | -1,071,000 | 1,504,000 | -1,924,000 | 2,605,000 | -870,000 | 982,000 | 1,318,000 | 640,000 | ||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||
accounts receivable | 27,137,000 | -53,712,000 | 46,076,000 | -41,374,000 | 87,262,000 | -61,425,000 | 9,422,000 | -12,215,000 | 46,054,000 | -30,866,000 | 24,218,000 | -7,286,000 | 22,963,000 | -15,690,000 | 66,214,000 | -79,000,000 | -31,851,000 | -586,000 | 43,390,000 | -56,650,000 | -3,825,000 | -9,926,000 | 94,755,000 | -31,411,000 | -12,964,000 | -27,047,000 | 57,257,000 | -49,324,000 | -20,846,000 |
inventories | -54,494,000 | 13,608,000 | 3,307,000 | 89,308,000 | -83,491,000 | 27,930,000 | -5,958,000 | 167,641,000 | -54,050,000 | 23,022,000 | -25,112,000 | 143,144,000 | -119,360,000 | -71,976,000 | -64,353,000 | -21,800,000 | -40,244,000 | -7,298,000 | -53,864,000 | 93,495,000 | -91,613,000 | 23,378,000 | -1,098,000 | 107,343,000 | -101,479,000 | -17,131,000 | 5,193,000 | 81,621,000 | -80,028,000 |
other assets | -1,133,000 | 10,288,000 | 7,765,000 | -6,437,000 | -13,490,000 | -116,000 | -2,291,000 | -12,878,000 | 1,095,000 | 3,894,000 | 3,018,000 | 2,463,000 | -15,017,000 | 4,495,000 | -10,168,000 | 4,086,000 | -12,279,000 | 4,252,000 | -14,652,000 | -7,330,000 | -1,349,000 | 5,290,000 | 2,163,000 | -11,853,000 | -2,171,000 | -1,000 | -2,341,000 | -3,092,000 | 2,761,000 |
accounts payable and accrued expenses | 40,902,000 | 28,293,000 | -77,694,000 | -5,940,000 | 16,153,000 | 72,209,000 | -81,722,000 | -7,429,000 | 41,667,000 | -17,818,000 | -120,277,000 | -65,917,000 | 32,265,000 | 45,778,000 | -133,484,000 | 185,127,000 | 53,400,000 | 9,316,000 | -69,756,000 | 33,271,000 | 137,697,000 | 28,933,000 | -151,654,000 | -39,416,000 | 119,558,000 | 77,547,000 | -89,814,000 | -21,413,000 | 90,830,000 |
accrued compensation | -5,120,000 | -104,000 | -1,938,000 | 12,394,000 | -17,026,000 | -5,789,000 | 10,052,000 | 5,988,000 | -22,825,000 | 14,532,000 | 3,859,000 | 2,249,000 | -3,135,000 | -4,685,000 | 4,010,000 | -49,094,000 | 11,946,000 | 19,414,000 | 17,568,000 | -15,481,000 | -6,950,000 | 22,481,000 | 125,000 | -14,568,000 | 7,140,000 | 7,296,000 | 8,245,000 | -14,450,000 | 5,862,000 |
deferred revenue | -1,704,000 | -776,000 | -1,770,000 | 1,513,000 | -1,381,000 | -172,000 | -1,803,000 | 3,660,000 | -483,000 | 391,000 | -534,000 | -3,950,000 | 9,291,000 | 876,000 | 1,676,000 | -13,510,000 | 19,872,000 | -659,000 | 2,741,000 | 5,633,000 | 1,248,000 | -223,000 | -1,150,000 | 4,879,000 | 886,000 | 717,000 | -36,000 | 4,598,000 | -4,776,000 |
other liabilities | -1,929,000 | -4,321,000 | -3,338,000 | 9,129,000 | 5,487,000 | -5,864,000 | -8,526,000 | 18,551,000 | 194,000 | 845,000 | -16,267,000 | 15,804,000 | -4,231,000 | 2,035,000 | -5,669,000 | 2,321,000 | -3,234,000 | 1,151,000 | -8,136,000 | 9,128,000 | 2,087,000 | -3,179,000 | -457,000 | 11,184,000 | 3,051,000 | -2,302,000 | -5,137,000 | 11,525,000 | 1,024,000 |
net cash from operating activities | 2,921,000 | 37,441,000 | -59,666,000 | 156,173,000 | -37,734,000 | 63,483,000 | -111,244,000 | 275,401,000 | 22,195,000 | 8,887,000 | -112,962,000 | 182,286,000 | -103,917,000 | -6,717,000 | -97,560,000 | 179,934,000 | 6,485,000 | 70,788,000 | -38,560,000 | 214,513,000 | 78,835,000 | 47,783,000 | -83,472,000 | 118,840,000 | 9,700,000 | 45,831,000 | -26,945,000 | 92,050,000 | 14,778,000 |
capital expenditures | -5,258,000 | -3,912,000 | -7,938,000 | -9,413,000 | 0 | -20,886,000 | -8,745,000 | 64,000 | 0 | -17,946,000 | -2,351,000 | -12,659,000 | -21,270,000 | -6,213,000 | -6,940,000 | -856,000 | -10,739,000 | -14,729,000 | -7,498,000 | -3,519,000 | -3,130,000 | -4,320,000 | -4,638,000 | -8,006,000 | -9,130,000 | -2,378,000 | -3,092,000 | -2,569,000 | -9,820,000 |
free cash flows | -2,337,000 | 33,529,000 | -67,604,000 | 146,760,000 | -37,734,000 | 42,597,000 | -119,989,000 | 275,465,000 | 22,195,000 | -9,059,000 | -115,313,000 | 169,627,000 | -125,187,000 | -12,930,000 | -104,500,000 | 179,078,000 | -4,254,000 | 56,059,000 | -46,058,000 | 210,994,000 | 75,705,000 | 43,463,000 | -88,110,000 | 110,834,000 | 570,000 | 43,453,000 | -30,037,000 | 89,481,000 | 4,958,000 |
cash flows from investing activities | |||||||||||||||||||||||||||||
purchases of marketable securities | -13,995,000 | -18,049,000 | -15,772,000 | -10,128,000 | -21,819,000 | -23,396,000 | |||||||||||||||||||||||
purchases of property and equipment | -5,258,000 | -4,756,000 | -5,556,000 | -13,106,000 | -23,214,000 | -10,186,000 | -6,077,000 | -15,914,000 | -9,130,000 | -6,005,000 | -2,715,000 | -5,372,000 | -9,820,000 | ||||||||||||||||
maturities of marketable securities | 13,900,000 | 15,800,000 | 13,500,000 | 13,900,000 | 20,500,000 | ||||||||||||||||||||||||
net cash from investing activities | -5,353,000 | -7,005,000 | -7,828,000 | -9,334,000 | -17,089,000 | -26,610,000 | -55,466,000 | -6,077,000 | -10,201,000 | -16,682,000 | -8,714,000 | -14,689,000 | -21,270,000 | -108,596,000 | -9,310,000 | -33,456,000 | -10,739,000 | -14,865,000 | -8,594,000 | -11,333,000 | -3,130,000 | -4,105,000 | -10,553,000 | -51,536,000 | -9,130,000 | -6,005,000 | -2,715,000 | -5,372,000 | -9,820,000 |
cash flows from financing activities | |||||||||||||||||||||||||||||
payments for debt issuance costs | 0 | 0 | 0 | -929,000 | |||||||||||||||||||||||||
proceeds from exercise of stock options | |||||||||||||||||||||||||||||
payments for repurchase of common stock | -279,000 | -52,489,000 | -52,766,000 | -23,484,000 | -55,001,000 | -15,009,000 | -15,011,000 | -15,043,000 | -33,028,000 | -42,611,000 | -43,117,000 | -31,365,000 | -28,285,000 | -21,047,000 | -10,196,000 | -2,007,000 | |||||||||||||
payments for repurchase of common stock related to shares withheld for tax in connection with vesting of rsus | -6,241,000 | -10,811,000 | |||||||||||||||||||||||||||
net cash from financing activities | -23,639,000 | -4,509,000 | -40,396,000 | -33,798,000 | -4,125,000 | -55,597,000 | -53,896,000 | -23,691,000 | -59,657,000 | -18,266,000 | -15,353,000 | -15,316,000 | -36,083,000 | -45,419,000 | -37,814,000 | -30,944,000 | -24,963,000 | -24,733,000 | 10,276,000 | 64,387,000 | 20,000 | 1,449,000 | -29,784,000 | 1,224,000 | 1,279,000 | 2,821,000 | 17,901,000 | -105,000 | 91,691,000 |
effect of exchange rate changes on cash and cash equivalents | -534,000 | 2,188,000 | 1,093,000 | -2,818,000 | 1,566,000 | -124,000 | -774,000 | 1,478,000 | -526,000 | 369,000 | 4,397,000 | -151,000 | |||||||||||||||||
net increase in cash and cash equivalents | -26,605,000 | 28,115,000 | -106,797,000 | 110,223,000 | -18,848,000 | -221,380,000 | 247,111,000 | -136,660,000 | 156,678,000 | 96,498,000 | |||||||||||||||||||
cash and cash equivalents | |||||||||||||||||||||||||||||
beginning of period | 0 | 0 | 0 | 169,732,000 | 0 | 0 | 0 | 220,231,000 | 0 | 0 | 0 | 274,855,000 | 0 | 0 | 0 | 640,101,000 | 0 | 0 | 0 | 407,291,000 | 0 | 0 | 0 | 338,820,000 | 0 | 0 | 0 | 221,120,000 | 0 |
end of period | -26,605,000 | 28,115,000 | -106,797,000 | 279,955,000 | -57,382,000 | -18,848,000 | -221,380,000 | 467,342,000 | -48,055,000 | -26,587,000 | -136,660,000 | 431,533,000 | -164,871,000 | -167,018,000 | -147,673,000 | 754,417,000 | -30,804,000 | 31,786,000 | -38,913,000 | 678,032,000 | 77,986,000 | 45,873,000 | -125,170,000 | 408,602,000 | 342,000 | 43,019,000 | -12,101,000 | 307,560,000 | 96,498,000 |
supplemental disclosure | |||||||||||||||||||||||||||||
cash paid for interest | 82,000 | 71,000 | 63,000 | 63,000 | 61,000 | 61,000 | 76,000 | 58,000 | 550,000 | 450,000 | 219,000 | 111,000 | 121,000 | 138,000 | 62,000 | 23,000 | 68,000 | 77,000 | 191,000 | 166,000 | 329,000 | 467,000 | 379,000 | 472,000 | 1,183,000 | 90,000 | 586,000 | 658,000 | 154,000 |
cash paid for taxes, net of refunds | 4,880,000 | 2,572,000 | 15,835,000 | 658,000 | 4,072,000 | 4,887,000 | 8,563,000 | 3,684,000 | 4,305,000 | -1,182,000 | 4,496,000 | 1,903,000 | 444,000 | -54,000 | 8,503,000 | 413,000 | 341,000 | 518,000 | 583,000 | 2,672,000 | -370,000 | 128,000 | 508,000 | 517,000 | 1,036,000 | 593,000 | 629,000 | 1,312,000 | 179,000 |
cash paid for amounts included in the measurement of lease liabilities, net of tenant improvement reimbursements received | 3,169,000 | 2,311,000 | 3,680,000 | -2,531,000 | |||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activities | |||||||||||||||||||||||||||||
purchases of property and equipment, accrued but not paid | |||||||||||||||||||||||||||||
right-of-use assets obtained in exchange for lease liabilities | |||||||||||||||||||||||||||||
excise tax on share repurchases, accrued but not paid | 94,000 | -77,000 | -404,000 | 668,000 | |||||||||||||||||||||||||
change in estimate of asset retirement obligations | 105,000 | ||||||||||||||||||||||||||||
net income | -3,379,000 | -70,144,000 | 50,237,000 | -53,093,000 | 3,709,000 | -69,709,000 | 80,947,000 | -31,240,000 | -23,571,000 | -30,651,000 | 75,188,000 | -64,068,000 | -596,000 | 8,566,000 | 123,481,000 | -8,744,000 | 17,826,000 | 17,221,000 | 132,292,000 | -56,980,000 | -52,321,000 | 70,775,000 | -14,009,000 | -22,824,000 | 61,667,000 | ||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||
payments for repurchase of common stock, including excise tax and commission | 0 | -33,437,000 | -27,165,000 | ||||||||||||||||||||||||||
payments for repurchase of common stock related to shares withheld for tax in connection with vesting of stock awards | -4,508,000 | -7,202,000 | -9,044,000 | -7,515,000 | -9,497,000 | -3,745,000 | -5,715,000 | -9,823,000 | -8,376,000 | ||||||||||||||||||||
proceeds from exercise of common stock options | -1,000 | 243,000 | 2,411,000 | 4,407,000 | 8,367,000 | 3,538,000 | 2,458,000 | 9,481,000 | 8,103,000 | 8,003,000 | 16,022,000 | 13,232,000 | 12,370,000 | 49,661,000 | 69,505,000 | 5,123,000 | 4,616,000 | 7,969,000 | 3,087,000 | 18,485,000 | 462,000 | ||||||||
purchases of property and equipment in accounts payable and accrued expenses | 844,000 | -2,382,000 | 3,693,000 | 2,328,000 | 1,441,000 | 6,141,000 | -1,264,000 | 6,363,000 | 2,030,000 | 3,068,000 | 2,370,000 | 5,499,000 | 136,000 | 1,096,000 | 7,814,000 | -215,000 | -4,638,000 | 7,908,000 | 3,627,000 | -377,000 | 2,803,000 | ||||||||
right-of-use assets obtained in exchange for new operating lease liabilities | 0 | 3,640,000 | 0 | 7,637,000 | 30,836,000 | -104,000 | -1,000 | 2,246,000 | 0 | 113,000 | 1,509,000 | 271,000 | 959,000 | 74,683,000 | |||||||||||||||
foreign currency transaction gain | -1,179,000 | 586,000 | -1,633,000 | ||||||||||||||||||||||||||
restructuring and abandonment charges | 1,938,000 | 0 | 6,000 | 260,000 | 408,000 | ||||||||||||||||||||||||
purchases of property and equipment and intangibles assets | |||||||||||||||||||||||||||||
cash paid for acquisitions, net of acquired cash | 0 | -99,315,000 | 0 | -27,101,000 | |||||||||||||||||||||||||
net decrease in cash and cash equivalents | |||||||||||||||||||||||||||||
cash paid for amounts included in the measurement of lease liabilities | 1,371,000 | 2,967,000 | 4,069,000 | 2,601,000 | 3,619,000 | 3,380,000 | 5,029,000 | 2,190,000 | 3,451,000 | 3,385,000 | 4,390,000 | 3,410,000 | 3,579,000 | 3,395,000 | 3,581,000 | 8,102,000 | 5,505,000 | 4,343,000 | 3,042,000 | 4,304,000 | |||||||||
foreign currency transaction gains | 691,000 | 3,947,000 | -7,388,000 | ||||||||||||||||||||||||||
purchases of property and equipment, intangible and other assets | -21,270,000 | -9,281,000 | -9,310,000 | -6,355,000 | -10,739,000 | -14,865,000 | -8,594,000 | -11,333,000 | |||||||||||||||||||||
repayments of borrowings | 0 | 0 | -3,333,000 | -1,667,000 | -1,666,000 | -1,667,000 | |||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | -3,601,000 | -6,286,000 | -2,989,000 | -1,218,000 | -1,587,000 | 596,000 | -2,035,000 | 3,174,000 | 2,261,000 | 746,000 | -1,361,000 | 1,254,000 | -1,507,000 | 372,000 | -342,000 | -133,000 | |||||||||||||
net increase in cash, cash equivalents, and restricted cash | |||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash | |||||||||||||||||||||||||||||
foreign currency transaction losses | 1,428,000 | 3,574,000 | -17,700,000 | ||||||||||||||||||||||||||
purchases of property and equipment, and intangible assets | -16,682,000 | -8,714,000 | -14,689,000 | ||||||||||||||||||||||||||
impairment and abandonment charges | 0 | 763,000 | 127,000 | ||||||||||||||||||||||||||
payments of borrowings | |||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | -167,018,000 | -147,673,000 | 114,316,000 | 31,786,000 | -38,913,000 | 270,741,000 | 45,873,000 | -125,170,000 | 69,782,000 | 43,019,000 | -12,101,000 | 86,440,000 | |||||||||||||||||
cash, cash equivalents and restricted cash | |||||||||||||||||||||||||||||
payments for repurchase of common stock related to shares withheld for tax in connection with vesting of restricted stock units | -11,882,000 | -16,056,000 | -13,703,000 | -5,118,000 | |||||||||||||||||||||||||
cash paid for acquisition, net of acquired cash | 0 | 0 | -667,000 | -35,622,000 | |||||||||||||||||||||||||
payments of offering costs | 0 | 0 | -18,000 | -567,000 | -1,796,000 | ||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities | |||||||||||||||||||||||||||||
purchases of property and equipment and intangible assets | -3,130,000 | -4,105,000 | |||||||||||||||||||||||||||
proceeds from initial public offering, net of underwriting discounts and commissions | |||||||||||||||||||||||||||||
proceeds from borrowings, net of borrowing costs | |||||||||||||||||||||||||||||
payments for debt extinguishment costs | |||||||||||||||||||||||||||||
conversion of redeemable convertible preferred stock to common stock | |||||||||||||||||||||||||||||
deferred offering costs in accounts payable and accrued expenses | 18,000 | -387,000 | |||||||||||||||||||||||||||
depreciation | 9,105,000 | 9,012,000 | 8,439,000 | 9,097,000 | 9,867,000 | 10,711,000 | |||||||||||||||||||||||
payments for purchase of treasury stock | -5,078,000 | -1,594,000 | -266,000 | ||||||||||||||||||||||||||
proceeds from issuance of common stock, net of issuance costs | |||||||||||||||||||||||||||||
net exercise of series c preferred stock warrants | |||||||||||||||||||||||||||||
proceeds from credit facilities and issuance of debt, net of issuance costs | |||||||||||||||||||||||||||||
payments of principal on credit facilities | |||||||||||||||||||||||||||||
repurchase of common stock |