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10-Q Filing

SONDER HOLDINGS INC. CIK: 1819395 Q2 2022
Filing Information
Form Type 10-Q
Accession Number 0001819395-22-000083
Period End Date 20220630
Filing Date 20220812
Fiscal Year 2022
Fiscal Period Q2
XBRL Instance sond-20220630_htm.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance for credit loss AllowanceForDoubtfulAccountsReceivableCurrent $4.13M USD Point-in-time
Accounts receivable, allowance for credit loss AllowanceForDoubtfulAccountsReceivableCurrent $255.00K USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $69.73M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $178.35M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $359.50M USD Point-in-time
Restricted cash RestrictedCashCurrent $215.00K USD Point-in-time
Restricted cash RestrictedCashCurrent $1.24M USD Point-in-time
Restricted cash RestrictedCashCurrent $75.00K USD Point-in-time
Accounts receivable, net of allowance of $255 and $4,127 at June 30, 2022 and December 31, 2021 respectively AccountsReceivableNetCurrent $7.31M USD Point-in-time
Accounts receivable, net of allowance of $255 and $4,127 at June 30, 2022 and December 31, 2021 respectively AccountsReceivableNetCurrent $4.64M USD Point-in-time
Prepaid rent PrepaidRent $2.96M USD Point-in-time
Prepaid rent PrepaidRent $2.32M USD Point-in-time
Prepaid expenses OtherPrepaidExpenseCurrent $5.03M USD Point-in-time
Prepaid expenses OtherPrepaidExpenseCurrent $9.85M USD Point-in-time
Other current assets OtherAssetsCurrent $19.00M USD Point-in-time
Other current assets OtherAssetsCurrent $16.42M USD Point-in-time
Total current assets AssetsCurrent $98.98M USD Point-in-time
Total current assets AssetsCurrent $399.22M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $35.60M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $27.46M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $1.11B USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $22.04M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $15.38M USD Point-in-time
Total assets Assets $148.48M USD Point-in-time
Total assets Assets $1.56B USD Point-in-time
Accounts payable AccountsPayableCurrent $19.10M USD Point-in-time
Accounts payable AccountsPayableCurrent $15.42M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $25.78M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $19.56M USD Point-in-time
Sales tax payable SalesAndExciseTaxPayableCurrent $8.41M USD Point-in-time
Sales tax payable SalesAndExciseTaxPayableCurrent $12.53M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $18.81M USD Point-in-time
Deferred revenue ContractWithCustomerLiabilityCurrent $37.75M USD Point-in-time
Current portion of long-term debt OtherLongTermDebtCurrent - USD Point-in-time
Current portion of long-term debt OtherLongTermDebtCurrent $13.12M USD Point-in-time
Convertible notes ConvertibleNotesPayableCurrent - USD Point-in-time
Convertible notes ConvertibleNotesPayableCurrent $184.64M USD Point-in-time
Current operating lease liabilities OperatingLeaseLiabilityCurrent $152.06M USD Point-in-time
Total current liabilities LiabilitiesCurrent $263.63M USD Point-in-time
Total current liabilities LiabilitiesCurrent $243.55M USD Point-in-time
Non-current operating lease liabilities OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Non-current operating lease liabilities OperatingLeaseLiabilityNoncurrent $1.05B USD Point-in-time
Deferred rent DeferredRentCreditNoncurrent - USD Point-in-time
Deferred rent DeferredRentCreditNoncurrent $66.13M USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $161.28M USD Point-in-time
Long-term debt, net LongTermDebtNoncurrent $10.74M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $3.91M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $2.03M USD Point-in-time
Total liabilities Liabilities $344.40M USD Point-in-time
Total liabilities Liabilities $1.46B USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Total mezzanine equity TemporaryEquityCarryingAmountAttributableToParent - USD Point-in-time
Total mezzanine equity TemporaryEquityCarryingAmountAttributableToParent $568.48M USD Point-in-time
Common stock and exchangeable common stock CommonStockValue $1.00K USD Point-in-time
Common stock and exchangeable common stock CommonStockValue $20.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $43.11M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $924.05M USD Point-in-time
Cumulative translation adjustment AccumulatedOtherComprehensiveIncomeLossNetOfTax $14.38M USD Point-in-time
Cumulative translation adjustment AccumulatedOtherComprehensiveIncomeLossNetOfTax $7.30M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-836.20M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-814.81M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquity $135.27M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquity $-764.41M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquity $102.26M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquity $-563.36M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquity $-631.67M USD Point-in-time
Total stockholders equity (deficit) StockholdersEquity $-500.86M USD Point-in-time
Total liabilities, mezzanine equity and stockholders equity (deficit) LiabilitiesAndStockholdersEquity $148.48M USD Point-in-time
Total liabilities, mezzanine equity and stockholders equity (deficit) LiabilitiesAndStockholdersEquity $1.56B USD Point-in-time
Income Statement 108 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $78.83M USD 2 Qtrs
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $47.27M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $121.32M USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $201.79M USD 2 Qtrs
Cost of revenue (excluding depreciation and amortization) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $43.74M USD 1 Quarter
Cost of revenue (excluding depreciation and amortization) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $82.95M USD 2 Qtrs
Cost of revenue (excluding depreciation and amortization) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $153.08M USD 2 Qtrs
Cost of revenue (excluding depreciation and amortization) CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization $79.19M USD 1 Quarter
Operations and support OperatingCostsAndExpenses $102.27M USD 2 Qtrs
Operations and support OperatingCostsAndExpenses $60.31M USD 2 Qtrs
Operations and support OperatingCostsAndExpenses $54.00M USD 1 Quarter
Operations and support OperatingCostsAndExpenses $34.89M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $24.61M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $31.28M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $56.76M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $68.26M USD 2 Qtrs
Research and development ResearchAndDevelopmentExpense $4.07M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $15.71M USD 2 Qtrs
Research and development ResearchAndDevelopmentExpense $8.09M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $7.38M USD 2 Qtrs
Sales and marketing SellingAndMarketingExpense $12.41M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $21.88M USD 2 Qtrs
Sales and marketing SellingAndMarketingExpense $4.89M USD 1 Quarter
Sales and marketing SellingAndMarketingExpense $7.40M USD 2 Qtrs
Restructuring and other charges RestructuringCharges $4.03M USD 1 Quarter
Restructuring and other charges RestructuringCharges - USD 2 Qtrs
Restructuring and other charges RestructuringCharges - USD 1 Quarter
Restructuring and other charges RestructuringCharges $4.03M USD 2 Qtrs
Total costs and expenses CostsAndExpenses $365.23M USD 2 Qtrs
Total costs and expenses CostsAndExpenses $189.00M USD 1 Quarter
Total costs and expenses CostsAndExpenses $214.81M USD 2 Qtrs
Total costs and expenses CostsAndExpenses $112.20M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-67.68M USD 1 Quarter
Loss from operations OperatingIncomeLoss $-135.98M USD 2 Qtrs
Loss from operations OperatingIncomeLoss $-163.44M USD 2 Qtrs
Loss from operations OperatingIncomeLoss $-64.93M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-12.58M USD 2 Qtrs
Interest expense, net InterestIncomeExpenseNonoperatingNet $-16.35M USD 2 Qtrs
Interest expense, net InterestIncomeExpenseNonoperatingNet $-12.52M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-4.38M USD 1 Quarter
Change in fair value of SPAC Warrants FairValueAdjustmentOfWarrants $-37.63M USD 2 Qtrs
Change in fair value of SPAC Warrants FairValueAdjustmentOfWarrants $-11.31M USD 1 Quarter
Change in fair value of SPAC Warrants FairValueAdjustmentOfWarrants - USD 1 Quarter
Change in fair value of SPAC Warrants FairValueAdjustmentOfWarrants - USD 2 Qtrs
Change in fair value of Earn Out liability DerivativeGainLossOnDerivativeNet - USD 1 Quarter
Change in fair value of Earn Out liability DerivativeGainLossOnDerivativeNet $23.34M USD 1 Quarter
Change in fair value of Earn Out liability DerivativeGainLossOnDerivativeNet - USD 2 Qtrs
Change in fair value of Earn Out liability DerivativeGainLossOnDerivativeNet $96.52M USD 2 Qtrs
Change in fair value of share-settled redemption feature and gain on conversion of Convertible Notes DebtConversionGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt - USD 1 Quarter
Change in fair value of share-settled redemption feature and gain on conversion of Convertible Notes DebtConversionGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt - USD 2 Qtrs
Change in fair value of share-settled redemption feature and gain on conversion of Convertible Notes DebtConversionGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt $29.51M USD 2 Qtrs
Change in fair value of share-settled redemption feature and gain on conversion of Convertible Notes DebtConversionGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt - USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-6.25M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-65.00K USD 2 Qtrs
Other expense (income), net OtherNonoperatingIncomeExpense $-8.88M USD 2 Qtrs
Other expense (income), net OtherNonoperatingIncomeExpense $3.58M USD 1 Quarter
Total interest expense, net and other expense (income), net NonoperatingIncomeExpense $-8.95M USD 1 Quarter
Total interest expense, net and other expense (income), net NonoperatingIncomeExpense $142.21M USD 2 Qtrs
Total interest expense, net and other expense (income), net NonoperatingIncomeExpense $-16.41M USD 2 Qtrs
Total interest expense, net and other expense (income), net NonoperatingIncomeExpense $24.02M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-43.66M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-21.23M USD 2 Qtrs
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-152.40M USD 2 Qtrs
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-73.88M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $93.00K USD 2 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $70.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $117.00K USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $148.00K USD 2 Qtrs
Net loss NetIncomeLoss $-21.38M USD 2 Qtrs
Net loss NetIncomeLoss $-73.95M USD 1 Quarter
Net loss NetIncomeLoss $-152.49M USD 2 Qtrs
Net loss NetIncomeLoss $-43.77M USD 1 Quarter
Less: Net loss attributable to convertible preferred stock and exchangeable preferred stockholders PreferredStockDividendsAndOtherAdjustments $-1.18M USD 2 Qtrs
Less: Net loss attributable to convertible preferred stock and exchangeable preferred stockholders PreferredStockDividendsAndOtherAdjustments - USD 1 Quarter
Less: Net loss attributable to convertible preferred stock and exchangeable preferred stockholders PreferredStockDividendsAndOtherAdjustments - USD 1 Quarter
Less: Net loss attributable to convertible preferred stock and exchangeable preferred stockholders PreferredStockDividendsAndOtherAdjustments - USD 2 Qtrs
Net loss attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-43.77M USD 1 Quarter
Net loss attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-152.49M USD 2 Qtrs
Net loss attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-20.20M USD 2 Qtrs
Net loss attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $-73.95M USD 1 Quarter
Net loss per share, basic (in dollars per share) EarningsPerShareBasic $-0.10 USD 2 Qtrs
Net loss per share, basic (in dollars per share) EarningsPerShareBasic $-6.41 USD 1 Quarter
Net loss per share, basic (in dollars per share) EarningsPerShareBasic $-0.20 USD 1 Quarter
Net loss per share, basic (in dollars per share) EarningsPerShareBasic $-13.74 USD 2 Qtrs
Net loss per share, diluted (in dollars per share) EarningsPerShareDiluted $-0.20 USD 1 Quarter
Net loss per share, diluted (in dollars per share) EarningsPerShareDiluted $-13.74 USD 2 Qtrs
Net loss per share, diluted (in dollars per share) EarningsPerShareDiluted $-0.10 USD 2 Qtrs
Net loss per share, diluted (in dollars per share) EarningsPerShareDiluted $-6.41 USD 1 Quarter
Weighted average shares outstanding of common stock, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 197.66M shares 2 Qtrs
Weighted average shares outstanding of common stock, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 11.54M shares 1 Quarter
Weighted average shares outstanding of common stock, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 11.10M shares 2 Qtrs
Weighted average shares outstanding of common stock, basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 215.09M shares 1 Quarter
Weighted average shares outstanding of common stock, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 197.66M shares 2 Qtrs
Weighted average shares outstanding of common stock, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 215.09M shares 1 Quarter
Weighted average shares outstanding of common stock, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 11.54M shares 1 Quarter
Weighted average shares outstanding of common stock, diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 11.10M shares 2 Qtrs
Net loss NetIncomeLoss $-21.38M USD 2 Qtrs
Net loss NetIncomeLoss $-73.95M USD 1 Quarter
Net loss NetIncomeLoss $-152.49M USD 2 Qtrs
Net loss NetIncomeLoss $-43.77M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $5.08M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $7.08M USD 2 Qtrs
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $1.69M USD 1 Quarter
Change in foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $2.83M USD 2 Qtrs
Comprehensive loss ComprehensiveIncomeNetOfTax $-38.69M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTax $-14.30M USD 2 Qtrs
Comprehensive loss ComprehensiveIncomeNetOfTax $-149.66M USD 2 Qtrs
Comprehensive loss ComprehensiveIncomeNetOfTax $-72.26M USD 1 Quarter
Cash Flow Statement 131 line items
Line Item Tag Value Unit Period
Delayed Draw Notes, issuance costs PaymentsOfDebtIssuanceCostsDelayedDrawNotes $5.78M USD 2 Qtrs
Net loss NetIncomeLoss $-21.38M USD 2 Qtrs
Net loss NetIncomeLoss $-73.95M USD 1 Quarter
Net loss NetIncomeLoss $-152.49M USD 2 Qtrs
Net loss NetIncomeLoss $-43.77M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $8.33M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $11.63M USD 2 Qtrs
Share-based compensation ShareBasedCompensation $16.60M USD 2 Qtrs
Share-based compensation ShareBasedCompensation $11.73M USD 2 Qtrs
Bad debt expense ProvisionForDoubtfulAccounts $191.00K USD 2 Qtrs
Bad debt expense ProvisionForDoubtfulAccounts $88.00K USD 2 Qtrs
Write-off of capital assets GainLossOnDispositionOfAssets $-658.00K USD 2 Qtrs
Write-off of capital assets GainLossOnDispositionOfAssets $-373.00K USD 2 Qtrs
Amortization of operating lease right-of-use assets OperatingLeaseRightOfUseAssetAmortizationExpense $70.23M USD 2 Qtrs
Write-off of debt issuance costs WriteOffOfDeferredDebtIssuanceCost - USD 2 Qtrs
Write-off of debt issuance costs WriteOffOfDeferredDebtIssuanceCost $362.00K USD 2 Qtrs
Straight-line rent StraightLineRent - USD 2 Qtrs
Straight-line rent StraightLineRent $-6.20M USD 2 Qtrs
Unrealized loss on foreign currency transactions ForeignCurrencyTransactionGainLossUnrealized $-2.92M USD 2 Qtrs
Unrealized loss on foreign currency transactions ForeignCurrencyTransactionGainLossUnrealized $-6.46M USD 2 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts $1.01M USD 2 Qtrs
Amortization of debt issuance costs AmortizationOfFinancingCosts $9.04M USD 2 Qtrs
Amortization of debt discounts AmortizationOfDebtDiscountPremium $-2.64M USD 2 Qtrs
Amortization of debt discounts AmortizationOfDebtDiscountPremium $11.98M USD 2 Qtrs
Change in fair value of share-settled redemption feature and gain on conversion of Convertible Notes DebtConversionGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt - USD 1 Quarter
Change in fair value of share-settled redemption feature and gain on conversion of Convertible Notes DebtConversionGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt - USD 2 Qtrs
Change in fair value of share-settled redemption feature and gain on conversion of Convertible Notes DebtConversionGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt $29.51M USD 2 Qtrs
Change in fair value of share-settled redemption feature and gain on conversion of Convertible Notes DebtConversionGainLossOnShareSettleRedemptionFeatureAndConversionOfDebt - USD 1 Quarter
Change in fair value of derivative instruments UnrealizedGainLossOnDerivatives - USD 2 Qtrs
Change in fair value of derivative instruments UnrealizedGainLossOnDerivatives $4.10M USD 2 Qtrs
Change in fair value of warrants FairValueAdjustmentOfWarrantsAndRightsOutstanding $1.29M USD 2 Qtrs
Change in fair value of warrants FairValueAdjustmentOfWarrantsAndRightsOutstanding - USD 2 Qtrs
Change in fair value of SPAC Warrants FairValueAdjustmentOfWarrants $-37.63M USD 2 Qtrs
Change in fair value of SPAC Warrants FairValueAdjustmentOfWarrants $-11.31M USD 1 Quarter
Change in fair value of SPAC Warrants FairValueAdjustmentOfWarrants - USD 1 Quarter
Change in fair value of SPAC Warrants FairValueAdjustmentOfWarrants - USD 2 Qtrs
Change in fair value of Earn Out liability DerivativeGainLossOnDerivativeNet - USD 1 Quarter
Change in fair value of Earn Out liability DerivativeGainLossOnDerivativeNet $23.34M USD 1 Quarter
Change in fair value of Earn Out liability DerivativeGainLossOnDerivativeNet - USD 2 Qtrs
Change in fair value of Earn Out liability DerivativeGainLossOnDerivativeNet $96.52M USD 2 Qtrs
Other adjustments to net loss OtherNoncashIncomeExpense $-249.00K USD 2 Qtrs
Other adjustments to net loss OtherNoncashIncomeExpense - USD 2 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $164.00K USD 2 Qtrs
Accounts receivable IncreaseDecreaseInAccountsReceivable $2.94M USD 2 Qtrs
Prepaid rent IncreaseDecreaseInPrepaidRent $852.00K USD 2 Qtrs
Prepaid rent IncreaseDecreaseInPrepaidRent $-598.00K USD 2 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpensesOther $945.00K USD 2 Qtrs
Prepaid expenses IncreaseDecreaseInPrepaidExpensesOther $4.88M USD 2 Qtrs
Other current assets IncreaseDecreaseInOtherCurrentAssets $701.00K USD 2 Qtrs
Other current assets IncreaseDecreaseInOtherCurrentAssets $2.95M USD 2 Qtrs
Other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $-6.26M USD 2 Qtrs
Other non-current assets IncreaseDecreaseInOtherNoncurrentAssets $6.99M USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $-856.00K USD 2 Qtrs
Accounts payable IncreaseDecreaseInAccountsPayable $-22.38M USD 2 Qtrs
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $6.80M USD 2 Qtrs
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $11.15M USD 2 Qtrs
Sales tax payable IncreaseDecreaseInPropertyAndOtherTaxesPayable $1.98M USD 2 Qtrs
Sales tax payable IncreaseDecreaseInPropertyAndOtherTaxesPayable $4.25M USD 2 Qtrs
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $12.72M USD 2 Qtrs
Deferred revenue IncreaseDecreaseInContractWithCustomerLiability $19.09M USD 2 Qtrs
Operating lease assets and operating lease liabilities, net IncreaseDecreaseInOperatingLeaseLiability $-24.86M USD 2 Qtrs
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $13.00K USD 2 Qtrs
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $1.21M USD 2 Qtrs
Other non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $251.00K USD 2 Qtrs
Other non-current liabilities IncreaseDecreaseInOtherNoncurrentLiabilities $1.26M USD 2 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-91.61M USD 2 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-96.25M USD 2 Qtrs
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $16.14M USD 2 Qtrs
Purchase of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $4.48M USD 2 Qtrs
Capitalization of internal-use software PaymentsToDevelopSoftware $2.24M USD 2 Qtrs
Capitalization of internal-use software PaymentsToDevelopSoftware $2.42M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-6.90M USD 2 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-18.38M USD 2 Qtrs
Proceeds from Delayed Draw Notes, net of issuance costs of $5,775 ProceedsFromIssuanceOfSecuredDebt - USD 2 Qtrs
Proceeds from Delayed Draw Notes, net of issuance costs of $5,775 ProceedsFromIssuanceOfSecuredDebt $159.22M USD 2 Qtrs
Proceeds from Delayed Draw Notes, net of issuance costs of $5,775 ProceedsFromIssuanceOfSecuredDebt $159.22M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $6.90M USD 2 Qtrs
Repayment of debt RepaymentsOfLongTermDebt $24.68M USD 1 Quarter
Repayment of debt RepaymentsOfLongTermDebt $24.68M USD 2 Qtrs
Debt extinguishment costs PaymentsOfDebtExtinguishmentCosts - USD 2 Qtrs
Debt extinguishment costs PaymentsOfDebtExtinguishmentCosts $3.06M USD 2 Qtrs
Proceeds from Business Combination and PIPE offering ProceedsFromIssuanceOfPrivatePlacement $162.37M USD 2 Qtrs
Proceeds from Business Combination and PIPE offering ProceedsFromIssuanceOfPrivatePlacement $325.93M USD 2 Qtrs
Issuance costs of common stock PaymentsOfStockIssuanceCosts - USD 2 Qtrs
Issuance costs of common stock PaymentsOfStockIssuanceCosts $58.55M USD 2 Qtrs
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $1.45M USD 2 Qtrs
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $2.12M USD 2 Qtrs
Proceeds from exercise of common stock warrants ProceedsFromWarrantExercises - USD 2 Qtrs
Proceeds from exercise of common stock warrants ProceedsFromWarrantExercises $120.00K USD 2 Qtrs
Issuance of redeemable convertible preferred stock ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock $1.02M USD 2 Qtrs
Issuance of redeemable convertible preferred stock ProceedsFromIssuanceOfRedeemableConvertiblePreferredStock - USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $400.30M USD 2 Qtrs
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $158.73M USD 2 Qtrs
Effects of foreign exchange on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $499.00K USD 2 Qtrs
Effects of foreign exchange on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-258.00K USD 2 Qtrs
Net change in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $290.80M USD 2 Qtrs
Net change in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $55.32M USD 2 Qtrs
Cash and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $123.11M USD Point-in-time
Cash and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $360.74M USD Point-in-time
Cash and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $178.43M USD Point-in-time
Cash and restricted cash at the beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $69.94M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $123.11M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $360.74M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $178.43M USD Point-in-time
Cash and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $69.94M USD Point-in-time
Cash paid for income taxes during the period IncomeTaxesPaidNet $480.00K USD 2 Qtrs
Cash paid for income taxes during the period IncomeTaxesPaidNet $163.00K USD 2 Qtrs
Cash paid for interest during the year InterestPaidNet $2.04M USD 2 Qtrs
Cash paid for interest during the year InterestPaidNet $1.76M USD 2 Qtrs
Accrued purchases of property and equipment CapitalExpendituresIncurredButNotYetPaid $227.00K USD 2 Qtrs
Accrued purchases of property and equipment CapitalExpendituresIncurredButNotYetPaid $469.00K USD 2 Qtrs
Conversion of Convertible Notes NotesReduction $159.17M USD 2 Qtrs
Conversion of Convertible Notes NotesReduction - USD 2 Qtrs
Conversion of Legacy Sonder Warrants NoncashOrPartNoncashAcquisitionConversionOfWarrantsAmount - USD 2 Qtrs
Conversion of Legacy Sonder Warrants NoncashOrPartNoncashAcquisitionConversionOfWarrantsAmount $1.24M USD 2 Qtrs
Reclassification of liability-classified Legacy Sonder Warrants to equity ConversionOfStockWarrantsAmountConverted - USD 2 Qtrs
Reclassification of liability-classified Legacy Sonder Warrants to equity ConversionOfStockWarrantsAmountConverted $2.11M USD 2 Qtrs
Recognition of Earn Out liability NoncashOrPartNoncashAcquisitionDerivativeLiabilitiesAssumed - USD 2 Qtrs
Recognition of Earn Out liability NoncashOrPartNoncashAcquisitionDerivativeLiabilitiesAssumed $98.12M USD 2 Qtrs
Issuance of Delayed Draw Warrants NoncashOrPartCashTransactionIssuanceOfDelayedDrawWarrants $5.60M USD 2 Qtrs
Issuance of Delayed Draw Warrants NoncashOrPartCashTransactionIssuanceOfDelayedDrawWarrants - USD 2 Qtrs
Cash CashAndCashEquivalentsAtCarryingValue $69.73M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $178.35M USD Point-in-time
Cash CashAndCashEquivalentsAtCarryingValue $359.50M USD Point-in-time
Restricted cash RestrictedCashCurrent $215.00K USD Point-in-time
Restricted cash RestrictedCashCurrent $1.24M USD Point-in-time
Restricted cash RestrictedCashCurrent $75.00K USD Point-in-time
Total cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $123.11M USD Point-in-time
Total cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $360.74M USD Point-in-time
Total cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $178.43M USD Point-in-time
Total cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $69.94M USD Point-in-time
Stockholders Equity 43 line items
Line Item Tag Value Unit Period
Mezzanine equity, beginning balance TemporaryEquityCarryingAmountAttributableToParent - USD Point-in-time
Mezzanine equity, beginning balance TemporaryEquityCarryingAmountAttributableToParent $568.48M USD Point-in-time
Mezzanine equity, ending balance TemporaryEquityCarryingAmountAttributableToParent - USD Point-in-time
Mezzanine equity, ending balance TemporaryEquityCarryingAmountAttributableToParent $568.48M USD Point-in-time
Beginning balance StockholdersEquity $135.27M USD Point-in-time
Beginning balance StockholdersEquity $-764.41M USD Point-in-time
Beginning balance StockholdersEquity $102.26M USD Point-in-time
Beginning balance StockholdersEquity $-563.36M USD Point-in-time
Beginning balance StockholdersEquity $-631.67M USD Point-in-time
Beginning balance StockholdersEquity $-500.86M USD Point-in-time
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $2.12M USD 2 Qtrs
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.45M USD 2 Qtrs
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $574.00K USD 1 Quarter
Issuance of common stock upon exercise of stock options StockIssuedDuringPeriodValueStockOptionsExercised $1.38M USD 1 Quarter
Vesting of restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardGross $57.00K USD 2 Qtrs
Vesting of restricted stock units StockIssuedDuringPeriodValueRestrictedStockAwardGross $57.00K USD 1 Quarter
Issuance of common stock upon exercise of common stock warrants StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $120.00K USD 1 Quarter
Issuance of common stock upon exercise of common stock warrants StockIssuedDuringPeriodValueConversionOfConvertibleSecurities $120.00K USD 2 Qtrs
Conversion of Sonder Legacy Warrants from liabilities to equity AdjustmentsToAdditionalPaidInCapitalLiabilityReclassifiedToEquityComponentOfConvertibleDebt $2.11M USD 2 Qtrs
Conversion of Convertible Note StockIssuedDuringPeriodValueConversionOfNotes $159.17M USD 2 Qtrs
Conversion of Preferred stock StockIssuedDuringPeriodValueConversionOfPreferredStock $518.76M USD 2 Qtrs
Conversion of Exchangeable stock StockIssuedDuringPeriodValueConversionOfExchangeableStock $49.73M USD 2 Qtrs
Issuance of common stock in connection with Business Combination and PIPE offering StockIssuedDuringPeriodValueConversionOfCommonStockReverseRecapitalization $267.36M USD 2 Qtrs
Assumption of SPAC Warrants upon Business Combination StockIssuedDuringPeriodValueSPACWarrantsReverseRecapitalization $38.13M USD 2 Qtrs
Earn Out liability recognized upon consummation of the merger StockIssuedDuringPeriodValueEarnoutLiability $98.12M USD 2 Qtrs
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.45M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $5.05M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $16.60M USD 2 Qtrs
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $11.73M USD 2 Qtrs
Net loss NetIncomeLoss $-21.38M USD 2 Qtrs
Net loss NetIncomeLoss $-73.95M USD 1 Quarter
Net loss NetIncomeLoss $-152.49M USD 2 Qtrs
Net loss NetIncomeLoss $-43.77M USD 1 Quarter
Change in Cumulative Translation Adjustment TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease $7.08M USD 2 Qtrs
Change in Cumulative Translation Adjustment TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease $5.08M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.69M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.83M USD 2 Qtrs
Ending balance StockholdersEquity $135.27M USD Point-in-time
Ending balance StockholdersEquity $-764.41M USD Point-in-time
Ending balance StockholdersEquity $102.26M USD Point-in-time
Ending balance StockholdersEquity $-563.36M USD Point-in-time
Ending balance StockholdersEquity $-631.67M USD Point-in-time
Ending balance StockholdersEquity $-500.86M USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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