SOND · As filed with the SEC

Sonder Holdings cash flow statement, by quarter

The statement as Sonder Holdings presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) · USD thousands

USD thousands	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024	Q3 2024^† 3 months ended Sep 30, 2024	Q2 2024^† 3 months ended Jun 30, 2024	Q1 2024 3 months ended Mar 31, 2024	Q4 2023^† 3 months ended Dec 31, 2023	Q3 2023^† 3 months ended Sep 30, 2023
Cash flows from operating activities:
Net loss	(44,523)^†	(56,495)	(26,956)^†	(179,391)^†	32,747^†	(50,487)	(111,989)^†	(69,985)^†
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,995^†	2,591	3,639^†	3,385^†	4,992^†	4,973	3,239^†	5,882^†
Stock-based compensation	(1,466)^†	2,269	1,603^†	1,614^†	1,779^†	3,009	4,512^†	6,304^†
Amortization of operating lease ROU assets	15,280^†	49,565	40,448^†	41,378^†	42,003^†	47,249	45,950^†	38,756^†
Impairment losses	—	—	13,164^†	—	—	—	58,078^†	—
Lease adjustment gains, net	(5,325)^†	(11,138)	2,404^†	(555)^†	(71,123)^†	(23,901)	(1,569)^†	(139)^†
Gain on foreign exchange	(4,503)^†	(2,678)	4,468^†	(5,357)^†	(839)^†	(219)	(3,246)^†	1,933^†
Capitalization of paid-in-kind interest on long-term debt	3,580^†	7,975	7,948^†	8,050^†	6,953^†	6,432	6,516^†	7,283^†
Amortization of debt issuance costs	—	—	56^†	62^†	—	—	6^†	2^†
Amortization of debt discounts	—	—	977^†	754^†	—	—	1,283^†	477^†
Change in fair value of share-settled redemption feature and gain on conversion of convertible notes	—	—	—	—	—	—	0^†	0^†
Change in fair value of SPAC Warrants	—	—	(94)^†	24^†	64^†	(81)	674^†	(276)^†
Change in fair value of Earn Out Liability	—	—	—	—	—	—	(230)^†	(209)^†
Change in fair value of Earn Out Liability	—	—	(25)^†	11^†	0^†	(16)	(230)^†	(209)^†
Change in fair value of forward contracts	—	—	(57,918)^†	—	—	—	0^†	—
Credit loss expense	(1,202)^†	2,568	—	—	1,363^†	—	—	—
Amortization of debt discounts/premium and issuance costs	(694)^†	1,200	—	—	926^†	699	—	—
Loss on preferred stock issuance	—	—	24,322^†	59,490^†	—	—	0^†	—
Other non-cash activities	(691)^†	(120)	(323)^†	640^†	1,629^†	(555)	226^†	(131)^†
Changes in:
Accounts receivable	(1,741)^†	2,931	(11,999)^†	(338)^†	(3,637)^†	634	1,628^†	3,782^†
Prepaid expenses	1,064^†	513	73^†	1,291^†	(1,351)^†	1,148	1,772^†	2,423^†
Other current and non-current assets	(6,197)^†	2,894	1,172^†	(3,401)^†	1,643^†	(1,867)	(607)^†	79^†
Accounts payable	(1,300)^†	15,259	2,249^†	26^†	3,964^†	5,319	2,766^†	1,185^†
Accrued liabilities	1,226^†	1,752	(6,587)^†	1,012^†	1,011^†	(82)	9,273^†	2,814^†
Taxes payable	3,656^†	(3,635)	(5,209)^†	12,477^†	(785)^†	2,424	(1,740)^†	758^†
Deferred revenue	(5,191)^†	29,297	(2,711)^†	(1,905)^†	(5,516)^†	20,359	(5,660)^†	7,688^†
Operating lease ROU assets and operating lease liabilities, net	(19,145)^†	(50,686)	(40,529)^†	(42,661)^†	(48,065)^†	(55,495)	(58,388)^†	(33,494)^†
Other current and non-current liabilities	1,717^†	1,585	1,887^†	(24)^†	44^†	148	(391)^†	716^†
Net cash used in operating activities	(19,618)^†	(4,353)	(38,771)^†	(17,364)^†	(32,778)^†	(40,309)	(38,367)^†	(14,489)^†
Cash flows from investing activities:
Purchase of property and equipment	(1,434)^†	(1,219)	(1,239)^†	224^†	(1,486)^†	(606)	753^†	(2,327)^†
Proceeds on the disposition of property and equipment	190^†	260	—	—	0^†	—	—	—
Capitalization of internal-use software	0^†	0	5^†	(110)^†	(7)^†	(110)	(679)^†	(428)^†
Net cash provided by (used in) investing activities	6,256^†	(959)	7,824^†	114^†	(1,493)^†	(716)	74^†	(2,755)^†
Cash flows from financing activities:
Proceeds from Delayed Draw Notes	—	—	—	—	—	—	0^†	0^†
Repayment of debt and payment of early termination fees	—	—	—	—	—	—	—	(250)^†
Repayment of debt	(250)^†	(250)	(250)^†	(256)^†	(255)^†	(250)	(34,990)^†	(250)^†
Proceeds from debt financing	—	—	—	10,000^†	—	—	—	0^†
Proceeds from debt financing	—	—	20,000^†	(10,000)^†	—	—	0^†	—
Proceeds from business combination and PIPE offering	—	—	—	—	—	—	0^†	0^†
Payment of issuance costs	—	—	—	—	—	—	0^†	0^†
Proceeds from exercise of stock options	—	—	—	—	—	—	—	0^†
Proceeds from exercise of stock options and common stock warrants	—	—	—	—	—	—	0^†	0^†
Proceeds from exercise of stock options and common stock warrants	—	—	0^†	0^†	0^†	0	0^†	0^†
Payment of debt issuance costs	—	—	—	(1,066)^†	—	—	—	0^†
Proceeds from preferred stock issuance	—	—	—	14,692^†	—	—	—	—
Net cash provided by financing activities	17,730^†	(250)	27,564^†	23,370^†	9,167^†	(250)	(34,990)^†	2,750^†
Effects of foreign exchange on cash	70^†	28	(462)^†	656^†	(651)^†	(344)	2,547^†	2,214^†
Net change in cash, cash equivalents, and restricted cash	4,438^†	(5,534)	(3,845)^†	6,776^†	(25,755)^†	(41,619)	(70,736)^†	(12,280)^†
Cash, cash equivalents, and restricted cash at beginning of period	66,520	72,054	75,899	69,123	94,878	136,497	207,233	219,513
Cash, cash equivalents, and restricted cash at end of period	70,958	66,520	72,054	75,899	69,123	94,878	136,497	207,233
Cash paid for income taxes	—	—	—	—	—	—	—	356^†
Cash paid for interest	—	—	—	—	—	—	—	147^†
Accrued purchases of property and equipment	—	—	—	—	—	—	—	137^†
ROU assets acquired	—	—	—	—	—	—	—	173,781^†
Conversion of convertible notes	—	—	—	—	—	—	—	0^†
Conversion of Legacy Sonder Warrants	—	—	—	—	—	—	—	0^†
Reclassification of liability-classified Legacy Sonder Warrants to equity	—	—	—	—	—	—	—	0^†
Recognition of Earn Out Liability	—	—	—	—	—	—	—	0^†
Recognition of SPAC Warrants	—	—	—	—	—	—	—	0^†
Issuance of Delayed Draw Warrants	—	—	—	—	—	—	—	0^†
Conversion of Exchangeable Stock	—	—	—	—	—	—	—	0^†
Conversion of Redeemable Convertible Preferred Stock(1)	—	—	—	—	—	—	—	0^†

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.