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We are a leading global brand of premium, design-forward apartments and intimate boutique hotels serving the modern traveler. Launched in 2014, Sonder offers inspiring, thoughtfully designed accommodations and innovative, tech-enabled service combined into one seamless experience.
The business is unprofitable at the operating level (-29.39% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 3.2%, steady but not accelerating.
Negative free cash flow of -$132M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$589M
▲ +3.2% YoY
Net Income (TTM)
-$307M
▲ +24.2% YoY
Op. Margin
-26.10%
▲ +16.8pp YoY
ROIC
-8.99%
▲ +4.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$84M
▼ -8.9% YoY
Op. Cash Flow (TTM)
-$80M
▼ -16.5% YoY
Net Debt
$1.22B
Cash & Equiv.
$27M
3Y CAGR: +38.4%
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