SOND (SOND)
Sonder Holdings Inc.
NASDAQ:SONDConsumer Cyclical · Travel Lodging
Mkt Cap-
Float10.9M
O/S-
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$621.27M
Net Income-$224.09M
Total Assets$1.14B
Free Cash Flow-$132.33M
Debt & Equity
Debt 124%
Preferred 14%
Total Debt$1.4B
Total Equity-$435.89M
Preferred Stock$162.91M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:20Reverse splitSep 21, 202320 shares → 1
Balance Sheet Details
Assets$1.14B
Liabilities$1.57B
Accounts Receivable$22.07M
Accounts Payable$33.72M
Inventory$0
PP&E (Net)$1.02B
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $621.27M | $602.07M | $464.98M | $234.15M | $115.68M | $142.91M |
| YoY Growth | 3.2% | 29.5% | 98.6% | 102.4% | -19.1% | - |
| Cost of Revenue | $377.24M | $392.9M | $327.61M | $201.44M | $137M | $124.87M |
| Gross Profit | $244.03M | $209.17M | $137.37M | $31.82M | -$21.32M | $18.04M |
| Gross Margin | 39.3% | 34.7% | 29.5% | 13.6% | -18.4% | 12.6% |
| Research and Development | $16.52M | $22.36M | $28.61M | $19.09M | $17.55M | $15.74M |
| Selling, General, and Administrative | $207.64M | $190.65M | $184.55M | $129.16M | $89.88M | $68.01M |
| Other | $202.49M | $274.2M | $290.11M | $143.08M | $115.07M | $105.4M |
| Total Operating Expenses | $426.65M | $487.21M | $503.27M | $291.33M | $222.5M | $189.15M |
| Operating Income (EBIT) | -$182.62M | -$278.04M | -$365.9M | -$259.51M | -$243.82M | -$171.1M |
| Operating Margin | -29.4% | -46.2% | -78.7% | -110.8% | -210.8% | -119.7% |
| Interest Expense | $34.21M | $25.41M | $21.5M | $44.09M | $6.4M | $1.13M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$43.48M | -$18.56M | $121.49M | -$34.2M | -$6.17M | -$7.15M |
| Income Before Tax (EBT) | -$226.09M | -$296.6M | -$244.41M | -$293.71M | -$249.99M | -$178.25M |
| Income Tax Expense | -$2.01M | -$933K | $622K | $242K | $323K | $0 |
| Net Income | -$224.09M | -$295.67M | -$245.03M | -$293.95M | -$250.32M | -$178.25M |
| Net Income Margin | -36.1% | -49.1% | -52.7% | -125.5% | -216.4% | -124.7% |
| Supplementary Data | ||||||
| EPS | -19.45 | -27.04 | -23.79 | -500.41 | -0.12 | -606.60 |
| Diluted EPS | -19.45 | -27.04 | -23.79 | -500.41 | -0.12 | -606.60 |
| Weighted Average OS | 11.52M | 10.93M | 10.30M | 588,295 | 324,964 | 293,847 |
| EBITDA | -$3.87M | -$64.33M | -$56.6M | -$232.34M | -$226.85M | -$165.95M |
| EBITDA Margin | -0.6% | -10.7% | -12.2% | -99.2% | -196.1% | -116.1% |
Balance Sheet
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | ||||||
| Current Assets | ||||||
| Cash and Cash Equivalents | $20.79M | $95.76M | $246.62M | $69.73M | $121.47M | $110.92M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $20.79M | $95.76M | $246.62M | $69.73M | $121.47M | $110.92M |
| Accounts Receivable | $22.07M | $8M | $6.46M | $4.64M | $1.77M | $6M |
| Inventory | $0 | $0 | $0 | -$11.37M | $14.66M | $20.87M |
| Other Current Assets | $52.31M | $52.08M | $51.7M | $28M | -$4.64M | -$14.35M |
| Total Current Assets | $99.85M | $161.21M | $313.85M | $98.98M | $146.28M | $140.97M |
| Long-Term Assets | ||||||
| Property, Plant & Equipment Net | $1.02B | $1.34B | $1.17B | $27.46M | $24.2M | $30.1M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $450.06M | $0 | $0 |
| Deferred Tax Assets | $0 | $1.74M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $17.54M | $13.41M | $15.53M | -$428.03M | $7.04M | $8.19M |
| Total Long-Term Assets | $1.04B | $1.36B | $1.18B | $49.5M | $31.25M | $38.29M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.14B | $1.52B | $1.5B | $148.48M | $177.52M | $179.26M |
| Liabilities | ||||||
| Current Liabilities | ||||||
| Accounts Payable | $33.72M | $23.56M | $16.47M | $19.1M | $10.91M | $7.11M |
| Short-Term Debt | $1M | $168.71M | $0 | $197.75M | $17.04M | $5.75M |
| Current Income Tax Payable | $22.22M | $14.01M | $14.61M | $200K | $6.88M | $4.66M |
| Current Unearned Revenue | $71.73M | $61.97M | $41.66M | $18.81M | $10.2M | $6.86M |
| Other Current Liabilities | $7.22M | $48.24M | $5.1M | $5.61M | $917K | $4.01M |
| Total Current Liabilities | $338.55M | $506.24M | $260.43M | $263.63M | $54.2M | $33.49M |
| Long-Term Liabilities | ||||||
| Long-Term Debt | $217.24M | $1.5M | $172.95M | $10.74M | $25.02M | $18.27M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $8.11M | $652K | $3.5M | $70.04M | $599.16M | $386.16M |
| Total Long-Term Liabilities | $1.23B | $1.39B | $1.34B | $80.77M | $624.18M | $404.44M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.57B | $1.9B | $1.6B | $344.4M | $678.38M | $437.93M |
| Stockholders' Equity | ||||||
| Preferred Stock | $162.91M | $0 | $0 | $568.48M | $568.6M | $360.17M |
| Common Stock | $1K | $1K | $1K | $1K | $1K | $1K |
| Retained Earnings | -$1.58B | -$1.36B | -$1.06B | -$814.81M | -$520.42M | -$270.11M |
| Comprehensive Income & Other | $7.36M | $4.98M | $13.03M | $7.3M | $5.67M | $6.41M |
| Other Stockholders' Equity | $1.15B | $982.48M | $962.03M | $618.89M | $19.56M | $371.61M |
| Total Equity | -$435.89M | -$376.7M | -$101.48M | -$195.92M | -$500.86M | $101.5M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.14B | $1.52B | $1.5B | $148.48M | $177.52M | $539.43M |
| Supplementary Data | ||||||
| Total Debt | $1.4B | $1.76B | $1.49B | $208.49M | $42.06M | $24.03M |
| Net Debt | $1.38B | $1.66B | $1.24B | $138.76M | -$79.41M | -$86.89M |
Cash Flow Statement
| Period | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD |
| Period Ending | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | ||||||
| Net Income | -$224.09M | -$295.67M | -$165.74M | -$293.95M | -$250.32M | -$178.25M |
| Depreciation & Amortization | $188.07M | $206.87M | $166.31M | $17.71M | $16.97M | $11.17M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $6.13M | $4.79M |
| Stock-Based Compensation | $8.01M | $28.49M | $22.96M | $25.25M | $7.22M | $3.38M |
| Changes in Working Capital: | ||||||
| Accounts Receivable | -$15.34M | -$2.59M | -$1.69M | -$3.07M | $1.68M | $1.22M |
| Inventory | $0 | $0 | $0 | $0 | $4.78M | -$6.41M |
| Accounts Payable | $11.56M | $6.81M | -$28.12M | $8.59M | $3.67M | $1.92M |
| Other Working Capital | -$171.5M | -$135.93M | -$26.21M | $38K | $4.84M | $4.12M |
| Total Working Capital Change | -$175.28M | -$131.71M | -$56.03M | $5.56M | $14.97M | $859K |
| Other Non-Cash Items | $74.07M | $81.11M | -$116.51M | $65.48M | $2.52M | $22.19M |
| Net Cash from Operating | -$129.22M | -$110.9M | -$149.01M | -$179.95M | -$202.5M | -$135.86M |
| Investing Activities | ||||||
| Capital Expenditures | -$3.11M | -$10.57M | -$30.99M | -$15.6M | -$14.85M | -$24.26M |
| Acquisitions | $1.56M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $7.5M | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$222K | -$1.8M | $0 | -$5.43M | $0 | $0 |
| Net Cash from Investing | $5.73M | -$12.36M | -$30.99M | -$21.03M | -$14.85M | -$24.26M |
| Financing Activities | ||||||
| Debt Repaid | -$18.99M | $32.24M | -$131.48M | -$143.59M | -$17.63M | $6.69M |
| Common Stock Issuance | $0 | $8K | $269.12M | $450.25M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | -$63K | $0 | $0 |
| Other Financing Activities | -$2.44M | $0 | $0 | -$446.23M | $1.64M | $738K |
| Net Cash from Financing | $59.85M | -$32.23M | $400.6M | $148.57M | $226.56M | $218.72M |
| Forex Effect | -$801K | $2.81M | -$1.35M | -$760K | -$347K | $2.28M |
| Net Change in Cash | -$64.44M | -$152.69M | $219.25M | -$53.17M | $8.86M | $60.88M |
| Supplementary Data | ||||||
| Operating Cash Flow | -$129.22M | -$110.9M | -$149.01M | -$179.95M | -$202.5M | -$135.86M |
| Capital Expenditure | -$3.11M | -$12.36M | -$30.99M | -$21.03M | -$14.85M | -$24.26M |
| Free Cash Flow | -$132.33M | -$123.27M | -$180.01M | -$200.98M | -$217.35M | -$160.12M |
| Cash at Beginning | $136.5M | $289.19M | $69.94M | $123.11M | $114.25M | $53.37M |
| Cash at End | $72.05M | $136.5M | $289.19M | $69.94M | $123.11M | $114.25M |