Sonder Holdings Reports Q1 Loss of $56.5mln, Revenue Down 11%

Sonder Holdings reported a Q1 loss of $56.50 million, up from $50.49 million last year. The company's revenue fell 11% to $118.86 million from $133.48 million in the same period last year. The earnings per share (EPS) was -$4.85 compared to -$4.58 last year.

Sonder Holdings Inc. (Nasdaq: SOND) has reported its financial results for the first quarter of 2025, ending March 31, 2025. The company reported a net loss of $56.5 million, a 12% increase from the same period last year when it reported a net loss of $50.49 million [1].

Revenue for the quarter fell by 11% to $118.86 million from $133.48 million in the same period last year. The company's earnings per share (EPS) was -$4.85, compared to -$4.58 in the same period last year [1].

The company's RevPAR (Revenue Per Available Room) increased by 13% to $139, while the occupancy rate increased by seven percentage points to 83%. However, bookable nights decreased by 21% to 858,000, driven by the Company’s Portfolio Optimization Program [1].

Sonder Holdings also reported an Adjusted EBITDA of $(56.7) million, a 1% decrease from the same period last year. Adjusted EBITDAR was $21.1 million, a 20% decrease from the same period last year. Cash used in operating activities was $4.4 million, an 89% improvement from the same period last year. Adjusted Free Cash Flow was $(6.9) million, a 76% increase from the same period last year [1].

Sonder Holdings has entered into a long-term strategic licensing agreement with Marriott International, Inc. (NASDAQ: MAR), which was completed in the second quarter of 2025. All Sonder properties are now available for booking on Marriott’s digital channels and platform under the new "Sonder by Marriott Bonvoy" collection [1].

Sonder Holdings received a deficiency notification letter from the Listing Qualifications Staff of The Nasdaq Stock Market LLC on August 20, 2025, indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 [1].

References:
[1] Sonder Holdings Inc. - First Quarter 2025 Financial Results