v3.25.4

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 27, 2025	Sep. 27, 2025
Current assets:
Cash and cash equivalents	$ 312,504	$ 174,668
Marketable securities	50,987	52,858
Accounts receivable, net	116,270	65,847
Inventories	125,332	171,020
Prepaids and other current assets	35,146	39,642
Total current assets	640,239	504,035
Property and equipment, net	65,547	72,277
Operating lease right-of-use assets	44,721	45,297
Goodwill	82,854	82,854
Intangible assets, net	70,932	75,356
Deferred tax assets	10,545	10,509
Other noncurrent assets	33,037	32,950
Total assets	947,875	823,278
Current liabilities:
Accounts payable	203,812	184,109
Accrued expenses	87,688	79,094
Accrued compensation	21,711	21,331
Deferred revenue, current	22,283	21,771
Other current liabilities	52,675	46,107
Total current liabilities	388,169	352,412
Operating lease liabilities, noncurrent	52,101	53,288
Deferred revenue, noncurrent	61,256	59,453
Deferred tax liabilities	129	126
Other noncurrent liabilities	2,894	2,774
Total liabilities	504,549	468,053
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, $0.001 par value	124	123
Treasury stock	(47,782)	(37,398)
Additional paid-in capital	505,709	502,775
Accumulated deficit	(18,280)	(112,078)
Accumulated other comprehensive income	3,555	1,803
Total stockholders’ equity	443,326	355,225
Total liabilities and stockholders’ equity	$ 947,875	$ 823,278

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

Sonos Inc 10-Q