Sonder Holdings Inc.
0.8437-0.05 (-5.2%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · SOND · USD
Key Stats
Market Cap
11.23MP/E (TTM)
-Basic EPS (TTM)
-27.54Dividend Yield
0%Recent Filings
8-K
Nasdaq delisting warning issued
Sonder Holdings Inc. received a Nasdaq notice on October 21, 2025, for failing to maintain the required $15 million market value of publicly held shares over 30 consecutive business days, breaching Listing Rule 5450(b)(3)(C). The company has until April 20, 2026, to regain compliance by hitting that threshold for 10 straight business days. Trading continues uninterrupted. This signals ongoing valuation pressures in a tough market.
10-Q
Q2 FY2025 results
Sonder Holdings posted Q2 revenue of $147.1M, down 10.6% y/y from $164.6M amid a 21.1% drop in bookable nights to 798K, yet RevPAR climbed 12.9% y/y to $184 on tighter occupancy at 85.5% and portfolio tweaks. Operating loss narrowed to $6.9M from $31.7M y/y, thanks to 14.4% lower cost of revenue and 77.0% slashed G&A, while YTD operating loss improved to $70.5M from $99.4M. Cash and equivalents stood at $27.1M with $43.8M restricted, supporting $218.9M in debt (mostly long-term at 4.7% effective rate post-restructuring); free cash flow (derived) was negative $18.7M YTD, buoyed by $7.5M key money from Marriott. The April preferred stock issuance fetched $18.0M but triggered a $43.8M non-cash loss, diluting EPS to -$3.96. Marriott integration promises RevPAR uplift, but lease disputes pose liquidity risks.
8-K
Sonder Q2 RevPAR up 13%
Sonder Holdings reported Q2 2025 results with RevPAR climbing 13% to $184 amid 86% occupancy, yet revenue dipped 11% to $147.1 million due to a 21% drop in bookable nights from its Portfolio Optimization Program. Net loss narrowed sharply to $44.5 million, while Adjusted EBITDA improved 83% to $(2.6) million; cash burn eased 40% to $19.6 million. Full Marriott integration boosts distribution, but ongoing restructuring charges pose risks.
8-K
Sonder appoints restructuring directors
Sonder Holdings Inc. saw board changes on September 19, 2025, with director Sean Aggarwal resigning without disagreements, followed by the board expanding to eight members and appointing restructuring experts Paul Stewart Aronzon and Jeffrey Stein as Class I directors effective September 23. Both new directors, independent under Nasdaq rules, bring decades of experience in corporate reorganizations and distressed situations. They each receive $40,000 monthly compensation plus reimbursements. This bolsters governance amid potential challenges.
8-K
Sonder explores strategic alternatives
Sonder Holdings Inc. announced on September 16, 2025, that its management and board are exploring financing and strategic alternatives with advisor Moelis & Company LLC. Chief Real Estate Officer Martin Picard resigned effective that date to join investors potentially bidding on the company. Interim CEO Janice Sears now oversees operations directly. This signals urgent restructuring amid uncertainty.
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