Sonder Holdings Inc.
SONDQ Consumer Cyclical Lodging
Sonder Holdings Inc.’s revenue for fiscal 2024 (year ended December 2024) was $621.3 million, up 3.19% from fiscal 2023. In the quarter to June 2025, revenue fell 10.6%, EPS fell 234.7% and free cash flow grew 39.1%, each against the same quarter a year earlier. Revenue growth for five consecutive years.
Follow SONDQ
Sonder Holdings Inc. (SONDQ) Piotroski F-score
Sonder Holdings Inc.'s Piotroski F-score for fiscal 2024 is 4 out of 9: 4 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2023.
Piotroski F-score, annual
Embed this chart
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2024 | 4 | 0.00 |
| FY2023 | 4 | 0.00 |
| FY2022 | 4 | — |
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (17.60%) | (19.58%) | Fail | 0 |
| Positive operating cash flow | (129.22m) | (110.90m) | Fail | 0 |
| Rising return on assets | (17.60%) | (19.58%) | Pass | 1 |
| Cash flow above net income | 104.75m | 184.76m | Pass | 1 |
| Falling long-term leverage | 0.16 | 0.00 | Fail | 0 |
| Rising current ratio | 0.29 | 0.32 | Fail | 0 |
| No new shares issued | 11,308,000 | 10,933,000 | Fail | 0 |
| Rising gross margin | 39.28% | 34.74% | Pass | 1 |
| Rising asset turnover | 0.47 | 0.40 | Pass | 1 |
| Piotroski F-score | Mixed | 4 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| HTHT H World Group Limited Sponsored ADR compare | 8 |
| INTG The Intergroup Corporation compare | 8 |
| GHG GreenTree Hospitality Group Ltd. Sponsored ADR compare | 7 |
| ATAT Atour Lifestyle Holdings Limited Sponsored ADR compare | 7 |
| CHH Choice Hotels International, Inc. compare | 6 |
| CVEO Civeo Corporation compare | 6 |
| SONDQ Sonder Holdings Inc. | 4 |
| WH Wyndham Hotels & Resorts compare | 4 |
| UOKAF MDJM Ltd. compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover