$SOND
Sonder Holdings Inc.

2024 Q2 Form 10-Q Financial Statement

#000181939524000096 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $164.6M $133.5M
YoY Change 4.57% 10.55%
Cost Of Revenue $94.65M $100.4M
YoY Change 1.51% 541.99%
Gross Profit $69.95M $33.12M
YoY Change 9.02% -68.49%
Gross Profit Margin 42.5% 24.81%
Selling, General & Admin $50.84M $43.53M
YoY Change 5.05% -10.39%
% of Gross Profit 72.69% 131.46%
Research & Development $4.393M $4.671M
YoY Change -21.03% -29.01%
% of Gross Profit 6.28% 14.1%
Depreciation & Amortization $4.992M $4.973M
YoY Change -16.49% -29.44%
% of Gross Profit 7.14% 15.02%
Operating Expenses $55.24M $48.21M
YoY Change 2.36% -12.61%
Operating Profit -$31.70M -$67.66M
YoY Change -24.55% -20.16%
Interest Expense -$8.016M -$7.323M
YoY Change 30.24% 28.32%
% of Operating Profit
Other Income/Expense, Net $64.68M $17.36M
YoY Change -2164.57% -1180.34%
Pretax Income $32.98M -$50.30M
YoY Change -173.06% -41.75%
Income Tax $200.0K $200.0K
% Of Pretax Income 0.61%
Net Earnings $32.75M -$50.49M
YoY Change -172.25% -41.59%
Net Earnings / Revenue 19.89% -37.82%
Basic Earnings Per Share $2.94 -$4.58
Diluted Earnings Per Share $2.94 -$4.58
COMMON SHARES
Basic Shares Outstanding 11.15M shares 11.03M shares
Diluted Shares Outstanding 11.15M shares 11.03M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.54M $40.76M
YoY Change -90.11% -81.3%
Cash & Equivalents $17.54M $40.76M
Short-Term Investments
Other Short-Term Assets $11.44M $12.40M
YoY Change -0.66% -2.43%
Inventory
Prepaid Expenses
Receivables $9.567M $8.123M
Other Receivables $0.00 $0.00
Total Short-Term Assets $95.93M $119.7M
YoY Change -62.21% -55.87%
LONG-TERM ASSETS
Property, Plant & Equipment $1.100B $19.48M
YoY Change 3378.82% -45.01%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $14.59M $15.75M
YoY Change 6.78% 14.23%
Total Long-Term Assets $1.114B $1.227B
YoY Change -17.69% -1.87%
TOTAL ASSETS
Total Short-Term Assets $95.93M $119.7M
Total Long-Term Assets $1.114B $1.227B
Total Assets $1.210B $1.347B
YoY Change -24.72% -11.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $32.15M $28.88M
YoY Change 61.71% 104.9%
Accrued Expenses $38.72M $39.47M
YoY Change 108.69% 116.52%
Deferred Revenue $82.19M
YoY Change 40.68%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $1.000M
YoY Change
Total Short-Term Liabilities $330.8M $348.8M
YoY Change 11.28% 24.73%
LONG-TERM LIABILITIES
Long-Term Debt $191.7M $176.1M
YoY Change 2.55% -1.99%
Other Long-Term Liabilities $1.075B $621.0K
YoY Change 97124.5% -69.6%
Total Long-Term Liabilities $191.7M $176.7M
YoY Change 1.95% -2.75%
TOTAL LIABILITIES
Total Short-Term Liabilities $330.8M $348.8M
Total Long-Term Liabilities $191.7M $176.7M
Total Liabilities $1.598B $1.771B
YoY Change -8.41% 9.46%
SHAREHOLDERS EQUITY
Retained Earnings -$1.410B
YoY Change 32.12%
Common Stock $1.000K
YoY Change -95.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$387.4M -$424.8M
YoY Change
Total Liabilities & Shareholders Equity $1.210B $1.347B
YoY Change -24.72% -11.5%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $32.75M -$50.49M
YoY Change -172.25% -41.59%
Depreciation, Depletion And Amortization $4.992M $4.973M
YoY Change -16.49% -29.44%
Cash From Operating Activities -$32.78M -$40.31M
YoY Change 29.15% 13.57%
INVESTING ACTIVITIES
Capital Expenditures $1.486M $606.0K
YoY Change -20.75% -91.25%
Acquisitions
YoY Change
Other Investing Activities -$7.000K -$110.0K
YoY Change -94.81% -80.14%
Cash From Investing Activities -$1.493M -$716.0K
YoY Change -25.72% -90.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.167M -$250.0K
YoY Change -3225.0%
NET CHANGE
Cash From Operating Activities -32.78M -$40.31M
Cash From Investing Activities -1.493M -$716.0K
Cash From Financing Activities 9.167M -$250.0K
Net Change In Cash -25.10M -$41.62M
YoY Change -8.35% -2.72%
FREE CASH FLOW
Cash From Operating Activities -$32.78M -$40.31M
Capital Expenditures $1.486M $606.0K
Free Cash Flow -$34.26M -$40.92M
YoY Change 25.72% -3.54%

Facts In Submission

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1488000 usd
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1779000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
32747000 usd
CY2024Q2 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
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1395000 usd
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StockholdersEquity
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CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
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8000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
10800000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-81865000 usd
CY2023Q1 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-3413000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
8258000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Translation Adjustment Functional To Reporting Currency Net Of Tax Period Increase Decrease
TranslationAdjustmentFunctionalToReportingCurrencyNetOfTaxPeriodIncreaseDecrease
-3381000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Use Of Estimates
UseOfEstimates
<div><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expense during the reporting periods. Examples of management’s estimates and assumptions include, but are not limited to, the fair value of share-based awards, estimated useful life of long-lived assets, bad-debt allowances, valuation of intellectual property and intangible assets, contingent liabilities, valuation allowance for deferred tax assets, ROU asset impairment and valuation of non-routine complex transactions, such as recognition of the Earn Out Liability and SPAC Warrants (each as defined below), among others. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from those estimates.</span></div>
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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us-gaap Income Taxes Paid Net
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us-gaap Interest Paid Net
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772000 usd
us-gaap Interest Paid Net
InterestPaidNet
1347000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
222000 usd
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RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfTerminations
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RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfTerminations
112763000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17542000 usd
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
177444000 usd
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
51581000 usd
CY2023Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
42069000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
69123000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
219513000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
164601000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
157403000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
298080000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
276906000 usd
CY2024Q2 us-gaap Prepaid Taxes
PrepaidTaxes
10587000 usd
CY2023Q4 us-gaap Prepaid Taxes
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10030000 usd
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790000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Current
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471000 usd
CY2024Q2 us-gaap Other Assets Current
OtherAssetsCurrent
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CY2023Q4 us-gaap Other Assets Current
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DepositsAssetsNoncurrent
12261000 usd
CY2023Q4 us-gaap Deposits Assets Noncurrent
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12667000 usd
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1738000 usd
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428000 usd
CY2023Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
518000 usd
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OtherAssetsMiscellaneousNoncurrent
220000 usd
CY2023Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
227000 usd
CY2024Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
14593000 usd
CY2023Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
15150000 usd
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
16715000 usd
CY2023Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
15219000 usd
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EmployeeRelatedLiabilitiesCurrent
4245000 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4395000 usd
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AccruedDirectCostsCurrent
3588000 usd
CY2023Q4 sond Accrued Direct Costs Current
AccruedDirectCostsCurrent
3754000 usd
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DeferredFurnitureFixturesAndEquipmentAllowancesCurrent
1800000 usd
CY2023Q4 sond Deferred Furniture Fixtures And Equipment Allowances Current
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2459000 usd
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OtherAccruedLiabilitiesCurrent
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CY2023Q4 us-gaap Other Accrued Liabilities Current
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CY2024Q2 us-gaap Accrued Liabilities Current
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CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
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0.01
CY2024Q2 us-gaap Warrants And Rights Outstanding Term
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P5Y
CY2024Q2 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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475264 shares
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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0.01
CY2024Q2 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P5Y
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4913000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3908000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8307000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8581000 usd
CY2024Q2 us-gaap Long Term Debt
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192652000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1000000 usd
CY2023Q4 us-gaap Long Term Debt Current
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168710000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
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191652000 usd
CY2024Q2 us-gaap Restricted Cash Current
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51600000 usd
CY2023Q4 us-gaap Restricted Cash Current
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40700000 usd
CY2024Q2 us-gaap Operating Lease Cost
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72266000 usd
CY2023Q2 us-gaap Operating Lease Cost
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75437000 usd
us-gaap Operating Lease Cost
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154380000 usd
us-gaap Operating Lease Cost
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148616000 usd
CY2024Q2 sond Variable Lease Cost Benefit
VariableLeaseCostBenefit
3000 usd
CY2023Q2 sond Variable Lease Cost Benefit
VariableLeaseCostBenefit
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VariableLeaseCostBenefit
38000 usd
sond Variable Lease Cost Benefit
VariableLeaseCostBenefit
421000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2176000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
4913000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
3908000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8307000 usd
CY2023Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8581000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
192652000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
170210000 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1000000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
168710000 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
191652000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1500000 usd
CY2024Q2 us-gaap Restricted Cash Current
RestrictedCashCurrent
51600000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
40700000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
72266000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
75437000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
154380000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
148616000 usd
CY2024Q2 sond Variable Lease Cost Benefit
VariableLeaseCostBenefit
3000 usd
CY2023Q2 sond Variable Lease Cost Benefit
VariableLeaseCostBenefit
-201000 usd
sond Variable Lease Cost Benefit
VariableLeaseCostBenefit
38000 usd
sond Variable Lease Cost Benefit
VariableLeaseCostBenefit
421000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
2176000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
3369000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
6819000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
74445000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
78605000 usd
us-gaap Lease Cost
LeaseCost
156859000 usd
us-gaap Lease Cost
LeaseCost
155856000 usd
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
77474000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
71687000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
158980000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
136260000 usd
CY2024Q2 sond Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net Of Terminations
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfTerminations
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CY2023Q2 sond Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net Of Terminations
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfTerminations
77163000 usd
sond Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net Of Terminations
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfTerminations
-137811000 usd
sond Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net Of Terminations
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfTerminations
112763000 usd
CY2024Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
71123000 usd
CY2023Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
665000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
95024000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
8437000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M18D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.094
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.096
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
3369000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
2441000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
6819000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
74445000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
78605000 usd
us-gaap Lease Cost
LeaseCost
156859000 usd
us-gaap Lease Cost
LeaseCost
155856000 usd
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
77474000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
71687000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
158980000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
136260000 usd
CY2024Q2 sond Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net Of Terminations
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfTerminations
-55925000 usd
sond Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net Of Terminations
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfTerminations
-137811000 usd
sond Right Of Use Asset Obtained In Exchange For Operating Lease Liability Net Of Terminations
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiabilityNetOfTerminations
112763000 usd
CY2024Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
71123000 usd
CY2023Q2 us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
665000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
95024000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
8437000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y1M6D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y3M18D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.094
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.096
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
271254000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
262115000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
232096000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
202056000 usd
CY2024Q2 sond Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
609159000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1712146000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
470795000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1241351000 usd
CY2022Q1 sond Shares Authorized
SharesAuthorized
272000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
250000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
135466000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
271254000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
262115000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
232096000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
202056000 usd
CY2024Q2 sond Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
609159000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1712146000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
470795000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
1241351000 usd
CY2022Q1 sond Shares Authorized
SharesAuthorized
272000000 shares
CY2022Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
250000000 shares
CY2022Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
7800776 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6985146 shares
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1779000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8258000 usd
CY2024Q2 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
7800776 shares
CY2023Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
6985146 shares
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1779000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8258000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4788000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19058000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
32747000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-44184000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17740000 usd
us-gaap Net Income Loss
NetIncomeLoss
-126049000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11150682 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11150682 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10901375 shares
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
19058000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
-17740000 usd
us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10901375 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10901375 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11167172 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11167172 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10881547 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10881547 shares
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.94
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-11.58
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4451863 shares
sond Number Of Surety Providers
NumberOfSuretyProviders
6 surety_provider
CY2024Q2 sond Loss Contingency Estimated Accrual Liability Related To Tax Matters
LossContingencyEstimatedAccrualLiabilityRelatedToTaxMatters
6700000 usd
CY2023Q4 sond Loss Contingency Estimated Accrual Liability Related To Tax Matters
LossContingencyEstimatedAccrualLiabilityRelatedToTaxMatters
6800000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10901375 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
11167172 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
11167172 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
10881547 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
10881547 shares
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.94
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.94
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.05
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.05
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-11.58
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-11.58
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3915451 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
4451863 shares
sond Number Of Surety Providers
NumberOfSuretyProviders
6 surety_provider
CY2024Q2 sond Loss Contingency Estimated Accrual Liability Related To Tax Matters
LossContingencyEstimatedAccrualLiabilityRelatedToTaxMatters
6700000 usd
CY2023Q4 sond Loss Contingency Estimated Accrual Liability Related To Tax Matters
LossContingencyEstimatedAccrualLiabilityRelatedToTaxMatters
6800000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
200000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-4000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
400000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
100000 usd
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

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