SONM Home Investment Highlights Valuation & Metrics Price Chart Why The Stock Moved Return vs. Risk About SONM Interactive Breakdown Better Bets vs. SONM Peer Outperformance Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Clinical Pipeline Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Investor Activity (13F) Trade Sentinel Investor Videos Industry Resource Links External Quote Links

    DNA X (SONM)

    Market Price (10/10/2026): $3.73 | Market Cap: $5.0 MilSector: Financials | Industry: Diversified Capital Markets

    DNA X (SONM)

    Market Price (10/10/2026): $3.73
    Market Cap: $5.0 Mil
    Sector: Financials
    Industry: Diversified Capital Markets

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Megatrend and thematic drivers
    Megatrends include Industrial & Critical Communications. Themes include Rugged Mobile Devices, Mission-Critical Push-to-Talk (MCPTT) Solutions, and Connected Frontline Worker Solutions.

    Weak multi-year price returns
    2Y Excs Rtn is -129%, 3Y Excs Rtn is -180%

    Very low revenue
    Rev LTMTotal Revenue or Sales, Last Twelve Months is -28 Mil

    Not profitable at operating income level
    Op Inc LTMOperating Income, Last Twelve Months is -4.2 Mil

    Weak revenue growth
    Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -56%

    Yield minus risk free rate is negative
    ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -178%

    High stock price volatility
    Vol 12M is 126%

    Key risks
    SONM key risks include [1] substantial doubt about its ability to continue as a going concern due to severe financial instability, Show more.

    0 Megatrend and thematic drivers
    Megatrends include Industrial & Critical Communications. Themes include Rugged Mobile Devices, Mission-Critical Push-to-Talk (MCPTT) Solutions, and Connected Frontline Worker Solutions.
    1 Weak multi-year price returns
    2Y Excs Rtn is -129%, 3Y Excs Rtn is -180%
    2 Very low revenue
    Rev LTMTotal Revenue or Sales, Last Twelve Months is -28 Mil
    3 Not profitable at operating income level
    Op Inc LTMOperating Income, Last Twelve Months is -4.2 Mil
    4 Weak revenue growth
    Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -56%
    5 Yield minus risk free rate is negative
    ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -178%
    6 High stock price volatility
    Vol 12M is 126%
    7 Key risks
    SONM key risks include [1] substantial doubt about its ability to continue as a going concern due to severe financial instability, Show more.

    Valuation & Metrics

    FYE: 12/31SONM [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$-27.9 Mil—
    FY 2026 Sales$143.2 Mil—
    Next FY Sales——
    FY 2026 Sales Growth——
    Next FY Sales Growth—13.1%
    EARNINGS
    LTM Net Income (GAAP) [3]$-8.5 Mil—
    FY 2026 Net Income (Non-GAAP)$14.4 Mil—
    Next FY Net Income (Non-GAAP)——
    Next FY Net Income Growth—18.9%
    FY 2026 EPS (Non-GAAP)$19.98—
    Next FY EPS (Non-GAAP)——
    Next FY EPS Growth——
    VALUATION
    FY 2026 P/S0.01.7
    Next FY P/S——
    FY 2026 P/E0.37.9
    Next FY P/E——

    [1] SONM forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 10/31/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
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    AI Analysis | Feedback

    MetricValueDateSource
    Total Carrier Awards133212024Link
    New Enterprise Customer Agreement (units)40003312025Link
    Purchase Commitments14,278,000 USD9302025Link

    Price Chart

    Upcoming
    11/17/2026Earnings ReleaseRev: $36 Mil (E)
    EPS: $5.04 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Updated on 10/8/2026

    DNA X (SONM) stock has lost about 30% since 6/30/2026 because of the following key factors:

    1. Significant underperformance in fiscal Q2 2026 earnings.

    DNA X, Inc. reported its fiscal Q2 2026 results on August 19, 2026, disclosing a diluted Earnings Per Share (EPS) of -$1.05, substantially missing analysts' consensus estimates of $5.22 by $6.27. Furthermore, the company reported no revenue from continuing operations during this quarter.

    2. Uncertainty surrounding the transition to an AI-driven cryptocurrency trading platform.

    The company, which rebranded from Sonim Technologies to DNA X, Inc. in January 2026, is undergoing a strategic shift to focus on its AI and crypto trading platform. However, its AI trading platform was closed to the public during fiscal Q2 2026, resulting in no revenue from these continuing operations and creating investor uncertainty regarding its new business model's viability and revenue generation.

    Show more
    Updated on 10/8/2026

    DNA X (SONM) stock has lost about 30% since 6/30/2026 because of the following key factors:

    1. Significant underperformance in fiscal Q2 2026 earnings.

    DNA X, Inc. reported its fiscal Q2 2026 results on August 19, 2026, disclosing a diluted Earnings Per Share (EPS) of -$1.05, substantially missing analysts' consensus estimates of $5.22 by $6.27. Furthermore, the company reported no revenue from continuing operations during this quarter.

    2. Uncertainty surrounding the transition to an AI-driven cryptocurrency trading platform.

    The company, which rebranded from Sonim Technologies to DNA X, Inc. in January 2026, is undergoing a strategic shift to focus on its AI and crypto trading platform. However, its AI trading platform was closed to the public during fiscal Q2 2026, resulting in no revenue from these continuing operations and creating investor uncertainty regarding its new business model's viability and revenue generation.

    3. Capital raising activities indicate financial strain and potential dilution.

    In July and August 2026, DNA X raised an additional $5.0 million in cash through issuances of preferred stock at $6.00 per share. This capital raise, following a $1.8 million cash infusion via convertible debt in fiscal Q2 2026, suggests an ongoing need for funding for its AI-driven platform and may have raised concerns about shareholder dilution.

    4. Nasdaq listing compliance issues eroded investor confidence.

    DNA X, Inc. received a delisting determination letter from Nasdaq in May 2026 for failing to meet the minimum $2.5 million stockholders' equity requirement. Although the company subsequently regained compliance, such compliance issues signal financial fragility and can negatively impact market perception and investor confidence.

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    Stock Movement Drivers

    Fundamental Drivers

    The -29.3% change in SONM stock from 6/30/2026 to 10/9/2026 was primarily driven by a -24.5% change in the company's P/S Multiple.
    (LTM values as of)630202610092026Change
    Stock Price ($)5.153.64-29.3%
    Change Contribution By: 
    Total Revenues ($ Mil)-28-280.0%
    P/S Multiple-0.2-0.2-24.5%
    Shares Outstanding (Mil)11-6.4%
    Cumulative Contribution-29.3%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    6/30/2026 to 10/9/2026
    ReturnCorrelation
    SONM-29.3% 
    Market (SPY)4.3%20.7%
    Sector (XLF)2.1%-14.4%

    Fundamental Drivers

    The -9.7% change in SONM stock from 3/31/2026 to 10/9/2026 was primarily driven by a -27.1% change in the company's Shares Outstanding (Mil).
    (LTM values as of)331202610092026Change
    Stock Price ($)4.033.64-9.7%
    Change Contribution By: 
    Total Revenues ($ Mil)-27-283.0%
    P/S Multiple-0.1-0.220.3%
    Shares Outstanding (Mil)11-27.1%
    Cumulative Contribution-9.7%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    3/31/2026 to 10/9/2026
    ReturnCorrelation
    SONM-9.7% 
    Market (SPY)20.0%9.4%
    Sector (XLF)11.2%-5.8%

    Fundamental Drivers

    The -66.5% change in SONM stock from 9/30/2025 to 10/9/2026 was primarily driven by a -60.9% change in the company's Shares Outstanding (Mil).
    (LTM values as of)930202510092026Change
    Stock Price ($)10.873.64-66.5%
    Change Contribution By: 
    Total Revenues ($ Mil)-28-28-1.3%
    P/S Multiple-0.2-0.2-13.2%
    Shares Outstanding (Mil)11-60.9%
    Cumulative Contribution-66.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    9/30/2025 to 10/9/2026
    ReturnCorrelation
    SONM-66.5% 
    Market (SPY)17.8%6.8%
    Sector (XLF)2.8%-1.2%

    Fundamental Drivers

    The -97.0% change in SONM stock from 9/30/2023 to 10/9/2026 was primarily driven by a -160.5% change in the company's P/S Multiple.
    (LTM values as of)930202310092026Change
    Stock Price ($)120.603.64-97.0%
    Change Contribution By: 
    Total Revenues ($ Mil)97-28-128.7%
    P/S Multiple0.3-0.2-160.5%
    Shares Outstanding (Mil)01-82.6%
    Cumulative Contribution-97.0%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    9/30/2023 to 10/9/2026
    ReturnCorrelation
    SONM-97.0% 
    Market (SPY)88.4%13.1%
    Sector (XLF)72.2%10.1%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    SONM Return-87%-54%73%-57%-94%20%-100%
    Peers Return-29%-75%178%60%45%-20%-10%
    S&P 500 Return27%-19%24%23%16%13%107%

    Monthly Win Rates [3]
    SONM Win Rate33%33%50%33%25%50% 
    Peers Win Rate36%36%56%44%53%47% 
    S&P 500 Win Rate75%42%67%75%67%50% 

    Max Drawdowns [4]
    SONM Max Drawdown-94%-71%-61%-77%-96%-62% 
    Peers Max Drawdown-80%-79%-53%-56%-58%-53% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: COIN, HOOD, BKKT.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 10/9/2026 (YTD)

    How Low Can It Go

    EventSONMS&P 500
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-51.3%-9.5%
      % Gain to Breakeven105.5%10.5%
      Time to Breakeven314 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-14.1%-6.7%
      % Gain to Breakeven16.5%7.1%
      Time to Breakeven3 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-60.0%-24.5%
      % Gain to Breakeven149.8%32.4%
      Time to Breakeven161 days427 days

    Compare to COIN, HOOD, BKKT

    In The Past

    DNA X's stock fell -51.3% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 105.5% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventSONMS&P 500
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-51.3%-9.5%
      % Gain to Breakeven105.5%10.5%
      Time to Breakeven314 days24 days
    2022 Inflation Shock & Fed Tightening
      % Loss-60.0%-24.5%
      % Gain to Breakeven149.8%32.4%
      Time to Breakeven161 days427 days

    Compare to COIN, HOOD, BKKT

    In The Past

    DNA X's stock fell -51.3% during the Summer-Fall 2023 Five Percent Yield Shock. Such a loss loss requires a 105.5% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About DNA X (SONM)

    Sonim Technologies, Inc. (SONM) specializes in providing durable mobile communication solutions designed for demanding work environments. The company primarily develops and sells ruggedized mobile phones and accompanying industrial-grade accessories, specifically targeting "task workers" who operate in harsh or challenging conditions across various industries.

    Sonim's core product line includes Android-based ruggedized mobile phones like the Sonim XP8 and XP3plus, built to withstand extreme conditions and connect to both public and private wireless networks. Complementing these devices, Sonim also offers a range of industrial-grade accessories such as remote speaker microphones, multi-bay charging solutions, and in-vehicle hands-free communication systems. Additionally, the company provides cloud-based software and application services to enhance the functionality and manageability of its devices.

    Sonim primarily distributes its products through two main channels: directly to wireless carriers in the United States and Canada, and through broader distribution channels across North America, South America, and Europe. Its customer base spans critical sectors including transportation and logistics, construction, manufacturing, facilities management, energy and utilities, and various public sectors, all of whom require reliable and robust communication tools for their operational staff.

    AI Analysis | Feedback

    Here are a few brief analogies for Sonim Technologies, Inc. (SONM):

    • Caterpillar for mobile phones
    • Zebra Technologies for rugged enterprise mobile phones

    AI Analysis | Feedback

    • Ruggedized Mobile Phones: Durable Android-based mobile phones designed for task workers operating in challenging environments.
    • Industrial-Grade Accessories: Specialized accessories such as remote speaker microphones, multi-bay chargers, and in-vehicle communication solutions.
    • Cloud-Based Software and Application Services: Software and application solutions delivered via the cloud to enhance the functionality of their mobile devices.
    • Barcode Scanners: Devices used for scanning barcodes, offered as part of their product portfolio.

    AI Analysis | Feedback

    Sonim Technologies, Inc. (SONM) sells primarily to other companies. Its major customers are:

    • Wireless carriers in the United States and Canada.
    • Companies operating within distribution channels in North America, South America, and Europe.

    AI Analysis | Feedback

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    AI Analysis | Feedback

    Mike Mulica

    Executive Chairman and Acting Chief Executive Officer
    Mike Mulica has served as Executive Chairman of Sonim Technologies since November 2023, and as a board member since April 2021. He was appointed Acting Chief Executive Officer and Principal Executive Officer on February 9, 2026, formalizing an expanded leadership role. Mr. Mulica has over three decades of experience at the intersection of mobile communications, the internet, and globally scaled industry solutions. He is recognized for his pioneering contributions to the global build-out of the mobile internet during his leadership at Openwave Systems, Inc. (formerly Phone.com). Mulica has served as a CEO and senior executive for both public and private companies in the United States and internationally, holding leadership positions at Motorola, Inc., California Microwave, RealNetworks, Inc., and FusionOne. He currently serves as Executive Chairman at AlefEdge and is a Board Member and global advisor to other private companies and venture capital funds.

    Clay Crolius

    Chief Financial Officer
    Clay Crolius has served as the Chief Financial Officer of Sonim Technologies since July 2022. Prior to this, he was the Chief Accounting Officer from September 2021 to July 2022. From December 2016 to August 2021, Mr. Crolius held the roles of Principal Accounting Officer and Controller for 4Front Ventures Corp., a national manufacturer and retailer. He was the Controller at Ethology Corporation, a digital advertising agency startup, from 2015 to 2016. Earlier in his career, from 2005 to 2014, Mr. Crolius worked as a Senior Management Consultant with the David Lewis Company, a professional services consulting company, and from 2000 to 2005, he was the Vice President of Financial Operations for Warner Bros. Studios, a division of Time Warner. Mr. Crolius is a certified public accountant in California and holds a BA in Economics and Business from the University of California, Los Angeles.

    Chuck Becher

    Chief Commercial Officer
    Chuck Becher serves as Sonim's Chief Commercial Officer and General Manager of North America since 2022. He previously held the role of Chief Sales and Marketing Officer for Sonim, responsible for sales, marketing strategy, and product positioning, with a focus on delivering integrated sales and marketing plans for growth in enterprise public safety and other wireless industry segments. Becher has 30 years of experience in the wireless industry, including management and technical sales positions at Verizon Wireless, MCI Worldcom/SKYTEL, and USWest/Westlink. He holds a Bachelor of Business Administration degree from the University of Michigan.

    Alain Hon

    Senior Vice President Global Engineering
    Alain Hon holds the position of Senior Vice President Global Engineering at Sonim Technologies.

    Mike Coad

    Senior Vice President, Product
    Mike Coad is the Senior Vice President, Product at Sonim Technologies.

    AI Analysis | Feedback

    DNA X, Inc. (formerly Sonim Technologies, Inc.), trading under the symbol SONM, has undergone a significant strategic shift, transitioning from a provider of ruggedized mobile phones to operating a digital asset trading platform, specifically a decentralized finance (DeFi) on-chain trading protocol. This transformation was completed in late 2025 and early 2026. Based on this new business model, the key risks to DNA X include:
    1. Regulatory Uncertainty and Compliance Risks: The digital asset and decentralized finance (DeFi) industry operates within a rapidly evolving and often ambiguous regulatory landscape. Governments globally are still developing frameworks for cryptocurrencies and trading platforms, leading to significant uncertainty regarding future regulations. Changes in laws, restrictions, or outright bans in various jurisdictions could severely impact DNA X's operations, the value of digital assets traded on its platform, and its ability to conduct business.
    2. Security, Hacking, and Fraud Risks: Digital asset trading platforms and DeFi protocols are frequent targets for cyberattacks, hacking, and various forms of fraud. Vulnerabilities in smart contracts, underlying blockchain technology, or platform infrastructure can be exploited, leading to the theft of assets, loss of user funds, or compromise of sensitive data. High-profile security breaches in the cryptocurrency space underscore the persistent threat posed by sophisticated cybercriminals.
    3. Financial Instability and Execution Risk of New Business Model: DNA X has recently pivoted to an entirely new and highly competitive business segment. The company's recent financial performance during this transition has shown significant losses and declining revenues. There is considerable risk associated with establishing and scaling a successful digital asset trading platform, including achieving sufficient trading volume and revenue targets. The company faces a "significant dilution risk from convertible note" and aggressive performance hurdles tied to its acquisition of the DNA X platform, where failure to meet these thresholds could result in adverse consequences.

    AI Analysis | Feedback

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    Share Issuance

    • Sonim Technologies completed a 1-for-10 reverse stock split effective July 17, 2024.
    • The company executed a private placement deal in April 2024, selling 3.5 million common shares and an equal number of warrants for $3.85 million to be used for working capital and general corporate purposes.
    • In October 2025, a 1-for-18 reverse stock split became effective.

    Inbound Investments

    • In July and August 2022, AJP Holding Company, LLC, purchased an aggregate of $17.5 million in Sonim equity at $0.84 per share.

    Outbound Investments

    • In December 2025, Sonim acquired DNA X LLC for 223,201 shares of its common stock, representing 19.99% of outstanding shares at issuance, along with a $1,200,000 convertible promissory note.
    • Sonim Technologies entered a definitive agreement in July 2025 for NEXA (formerly Social Mobile) to acquire substantially all of Sonim's operating assets for $20 million, including a potential $5 million earn-out, in an all-cash transaction.
    • The company is also pursuing a reverse merger transaction with a private operating company, targeting an estimated $15 million valuation for Sonim's retained equity.

    Capital Expenditures

    • In the last 12 months, DNA X (Sonim's intended rebranding) reported capital expenditures of -$8,000.
    • Investments in 2024 focused on expanding the product portfolio and enhancing European market capabilities.

    Peer Outperformance in Diversified Capital Markets

    SONM has trailed 89% of its 19 Diversified Capital Markets peers over 5Y. Diversified Capital Markets ranks 18th of 18 industries in Financials by median 5Y return. The sector’s gains have largely come from elsewhere.
    Share of Diversified Capital Markets constituents that SONM has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    24%
    of 33 industry peers · -71.3% return
    3Y
    5%
    of 21 industry peers · -97.4% return
    5Y
    11%
    of 19 industry peers · -99.0% return
    No Diversified Capital Markets peer with a comparable growth profile has beaten SONM by more than 20pp over 5Y.
    Median price return by industry across the Financials sector, ranked by 5Y. Diversified Capital Markets is SONM's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 17.9%66.4%114.2% SPNT 165% · RGA 137% · RNR 133%
    Investment Banking & Brokerage 13 -5.5%94.1%96.0% IBKR 404% · SNEX 198% · HOOD 161%
    Diversified Banks 12 29.4%125.8%94.2% CM 135% · RY 123% · JPM 121%
    Life & Health Insurance 20 10.6%52.1%83.5% JXN 493% · UNM 276% · MFC 172%
    Multi-Sector Holdings 4 4.4%50.4%71.2% JONE 361% · BRK-B 81% · VOYA 61%
    Property & Casualty Insurance 42 6.1%71.8%59.1% ASIC 2592900% · HRTG 397% · UVE 312%
    Multi-line Insurance 9 4.6%69.4%51.0% GNW 129% · L 89% · AIZ 79%
    Regional Banks 263 24.9%86.1%46.9% GCBC 326% · ESQ 299% · NBN 246%
    Financial Exchanges & Data 15 2.7%21.5%30.2% VIRT 168% · CBOE 157% · CME 72%
    Consumer Finance 30 4.2%82.8%22.9% ENVA 394% · EZPW 288% · FCFS 163%
    Asset Management & Custody Banks 82 -8.7%18.2%13.7% WT 337% · SII 264% · VCTR 257%
    Diversified Financial Services 4 -7.8%17.5%13.5% FRHC 165% · EQH 90% · TMS -63%
    Insurance Brokers 16 -22.1%-6.6%8.5% LIFE 316% · ARX 89% · CRD-A 63%
    Commercial & Residential Mortgage Finance 14 -51.8%19.8%-2.4% FNMA 443% · FMCC 411% · ACT 176%
    Specialized Finance 3 11.1%34.0%-11.0% EFC 16% · CACC -11% · HASI -14%
    Mortgage REITs 33 -15.6%-0.8%-30.7% NREF 45% · RITM 29% · DX 19%
    Transaction & Payment Processing Services 17 -4.5%-4.7%-39.6% V 74% · MA 71% · CPAY 52%
    Diversified Capital Markets ← 20 -50.6%23.6%-61.5% OPY 152% · LPLA 102% · GOLD 41%
    Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

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    Financials

    SONMCOINHOODBKKTMedian
    NameDNA X Coinbase.Robinhoo.Bakkt  
    Mkt Price3.73180.35109.086.9458.01
    Mkt Cap0.047.598.10.323.9
    Rev LTM-286,2834,9321,1153,024
    Op Inc LTM-47342,270-146365
    FCF LTM-151,714178-9082
    FCF 3Y Avg-131,9791,355-65671
    CFO LTM-151,714245-84115
    CFO 3Y Avg-131,9901,407-61697

    Growth & Margins

    SONMCOINHOODBKKTMedian
    NameDNA X Coinbase.Robinhoo.Bakkt  
    Rev Chg LTM1.3%-10.4%38.3%-70.2%-4.5%
    Rev Chg 3Y Avg-56.1%37.6%43.9%129.8%40.8%
    Rev Chg Q--18.5%32.3%-70.0%-18.5%
    QoQ Delta Rev Chg LTM0.0%-4.2%6.9%-26.3%-2.1%
    Op Inc Chg LTM-941.3%-61.3%49.7%-125.5%-93.4%
    Op Inc Chg 3Y Avg-358.3%71.0%197.1%-18.4%26.3%
    Op Mgn LTM-11.7%46.0%-13.1%11.7%
    Op Mgn 3Y Avg-20.4%34.0%-6.5%20.4%
    QoQ Delta Op Mgn LTM-0.6%-0.3%-3.6%-0.3%
    CFO/Rev LTM-27.3%5.0%-7.6%5.0%
    CFO/Rev 3Y Avg-31.5%35.6%-3.5%31.5%
    FCF/Rev LTM-27.3%3.6%-8.1%3.6%
    FCF/Rev 3Y Avg-31.3%34.1%-3.8%31.3%

    Valuation

    SONMCOINHOODBKKTMedian
    NameDNA X Coinbase.Robinhoo.Bakkt  
    Mkt Cap0.047.598.10.323.9
    P/S-7.619.90.37.6
    P/Op Inc-1.264.743.2-2.021.0
    P/EBIT-1.0-41.143.2-1.9-1.5
    P/E-0.6-48.147.3-9.2-4.9
    P/CFO-0.327.7400.3-3.413.7
    Total Yield-173.8%-2.1%2.1%-10.9%-6.5%
    Dividend Yield0.0%0.0%0.0%0.0%0.0%
    FCF Yield 3Y Avg-128.7%3.1%0.9%-31.2%-15.2%
    D/E0.50.10.20.00.2
    Net D/E0.3-0.00.1-0.20.0

    Returns

    SONMCOINHOODBKKTMedian
    NameDNA X Coinbase.Robinhoo.Bakkt  
    1M Rtn19.2%3.2%-5.4%-16.0%-1.1%
    3M Rtn-7.9%13.4%-2.6%-17.5%-5.2%
    6M Rtn25.6%7.4%57.7%-14.6%16.5%
    12M Rtn-70.6%-53.4%-28.5%-81.8%-62.0%
    3Y Rtn-97.3%126.5%986.5%-76.3%25.1%
    1M Excs Rtn14.7%1.8%-6.6%-15.4%-2.4%
    3M Excs Rtn-18.1%10.6%-4.7%-18.2%-11.4%
    6M Excs Rtn10.6%-7.2%43.1%-29.4%1.7%
    12M Excs Rtn-87.5%-69.2%-43.4%-98.3%-78.3%
    3Y Excs Rtn-182.3%61.8%943.6%-159.4%-48.8%

    Comparison Analyses

    null

    Financials

    $ Mil | FY: 12/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
    Period End6/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/2023
    Filing Date8/19/20265/20/20264/15/202610/31/20258/8/20255/12/20253/31/202511/13/20248/9/20245/14/20243/27/202411/14/2023
    Key Financials Quarterly            
    Total Revenue00-441600-431512171328
    Net Income-16-9-5-70-22-3-7-3-11
    EPS-0.925.01-9.44-4.83-14.151.41-81.87-9.32-25.38-11.70-5.762.16
    Key Financials TTM            
    Total Revenue TTM-28-28-28-27-28-17-057698594104
    Net Income TTM-9-15-21-33-31-30-34-13-10-3-00
    Growth Rates Quarterly            
    Total Revenue Growth---1.9%7.9%-100.0%-100.0%-422.5%-45.5%-57.1%-35.0%-44.3%34.5%
    Net Income Growth83.3%1284.3%58.9%-89.2%-13.0%115.8%-1497.5%-576.7%-1399.8%-1380.2%-29.8%132.8%
    Margins Quarterly            
    Net Income Margin----29.3%----16.7%-57.5%-17.3%-10.1%1.9%
    Cash & Debt            
    Total Cash11122259109910
    Total Debt215533000000
    Net Debt / (Cash)2-04311-5-9-10-9-9-10
    Cash Flows Quarterly            
    FCF from Operations-2-3-2-7-5-10-5-0-3-0-0-0
    Cash Flows TTM            
    FCF from Operations TTM-15-17-24-26-19-18-8-4-4-0-4-6
    Returns to Shareholders Quarterly            
    Dividends000000000000
    Share Repurchases-0-0-0-0-0-0-0-0-0-0-0-0
    Return on Invested Capital (ROIC) Quarterly            
    ROIC-1.7%-4.9%6.2%-5.3%-2.0%-1.2%7.7%-3.5%-4.9%-4.1%-1.9%0.9%
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM-1.3%-1.4%-0.5%-0.4%0.2%-0.4%-1.1%-3.6%-2.4%-1.0%0.2%0.1%

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Cryptocurrency trading business00   
    Accessories and Other  212
    Connected Solutions  0  
    Feature Phones  162138
    Smartphones  311815
    White Label Phones Original Design Manufacturer (ODM Model)  45  
    White Label Phones Original Design Manufacturer (ODM Model) (Related Party)  0  
    Tablets   29 
    Total00947055


    Price Behavior

    Price Behavior
    Market Price$3.64 
    Market Cap ($ Bil)0.0 
    First Trading Date05/10/2019 
    Distance from 52W High-78.4% 
       50 Days200 Days
    DMA Price$3.59$4.20
    DMA Trenddowndown
    Distance from DMA1.5%-13.3%
     3M1YR
    Volatility102.5%126.6%
    Downside Capture-4.18157.55
    Upside Capture-59.58-14.50
    Correlation (SPY)19.0%6.5%
    SONM Betas & Captures as of 9/30/2026

     1M2M3M6M1Y3Y
    Beta2.492.412.470.930.671.04
    Up Beta16.378.557.672.171.84-0.04
    Down Beta19.889.78-0.18-0.74-0.671.54
    Up Capture55%63%112%99%11%33%
    Bmk +ve Days6162766132424
    Stock +ve Days10193060113348
    Down Capture-449%-264%184%109%130%112%
    Bmk -ve Days16263760120328
    Stock -ve Days11213264136388

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with SONM
    SONM-72.3%126.3%-0.41-
    Sector ETF (XLF)3.5%14.8%0.01-1.2%
    Equity (SPY)16.7%13.0%0.916.4%
    Gold (GLD)3.3%29.5%0.1113.0%
    Commodities (DBC)44.8%20.9%1.677.7%
    Real Estate (VNQ)4.8%13.8%0.09-1.5%
    Bitcoin (BTCUSD)-33.8%44.2%-0.813.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with SONM
    SONM-62.0%120.3%-0.28-
    Sector ETF (XLF)9.3%18.3%0.3713.3%
    Equity (SPY)13.9%17.1%0.6216.4%
    Gold (GLD)18.5%18.9%0.791.9%
    Commodities (DBC)10.0%19.6%0.395.1%
    Real Estate (VNQ)1.3%18.8%-0.049.5%
    Bitcoin (BTCUSD)11.2%52.0%0.397.7%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with SONM
    SONM-57.7%116.3%-0.46-
    Sector ETF (XLF)13.2%22.1%0.5418.5%
    Equity (SPY)15.5%17.9%0.7321.7%
    Gold (GLD)11.8%16.4%0.593.3%
    Commodities (DBC)8.2%18.1%0.379.2%
    Real Estate (VNQ)4.5%20.7%0.1815.9%
    Bitcoin (BTCUSD)63.3%66.2%1.0310.0%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date9152026
    Short Interest: Shares Quantity0.0 Mil
    Short Interest: % Change Since 83120260.1%
    Average Daily Volume0.0 Mil
    Days-to-Cover Short Interest2.3 days
    Basic Shares Quantity1.4 Mil
    Short % of Basic Shares1.6%

    Returns Analyses

    Earnings Returns History

    Updated 8/31/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    5/20/2026-12.1%-5.4%9.1%
    10/31/20254.4%3.5%-51.7%
    8/8/2025-3.9%-11.5%-3.3%
    5/12/2025-23.5%-33.2%-24.2%
    1/16/2025-13.8%-13.6%-30.7%
    11/13/2024-2.4%-4.8%11.8%
    8/9/20245.8%0.0%-17.6%
    5/14/2024-13.4%-10.7%27.2%
    ...
    SUMMARY STATS   
    # Positive669
    # Negative131310
    Median Positive3.2%9.6%11.8%
    Median Negative-9.6%-11.5%-25.8%
    Max Positive18.2%18.5%38.1%
    Max Negative-23.5%-33.2%-51.7%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    5/20/2026-12.1%-5.4%9.1%
    10/31/20254.4%3.5%-51.7%
    8/8/2025-3.9%-11.5%-3.3%
    5/12/2025-23.5%-33.2%-24.2%
    1/16/2025-13.8%-13.6%-30.7%
    11/13/2024-2.4%-4.8%11.8%
    8/9/20245.8%0.0%-17.6%
    5/14/2024-13.4%-10.7%27.2%
    3/27/2024-9.6%-12.3%-27.5%
    11/14/20232.1%6.0%6.0%
    8/17/202318.2%18.5%38.1%
    5/9/20231.2%16.1%21.5%
    11/14/20222.1%-1.2%10.1%
    5/10/2022-17.8%-21.5%-12.0%
    11/12/2021-7.0%-22.3%-51.6%
    8/16/2021-5.5%-3.5%-9.2%
    5/11/2021-22.8%-26.0%1.9%
    3/11/2021-1.0%-6.5%-32.4%
    11/12/2020-7.5%13.2%23.8%
    SUMMARY STATS   
    # Positive669
    # Negative131310
    Median Positive3.2%9.6%11.8%
    Median Negative-9.6%-11.5%-25.8%
    Max Positive18.2%18.5%38.1%
    Max Negative-23.5%-33.2%-51.7%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    06/30/202608/19/202610-Q
    03/31/202605/20/202610-Q
    12/31/202504/15/202610-K
    09/30/202510/31/202510-Q
    06/30/202508/08/202510-Q
    03/31/202505/12/202510-Q
    12/31/202403/31/202510-K
    09/30/202411/13/202410-Q
    06/30/202408/09/202410-Q
    03/31/202405/14/202410-Q
    12/31/202303/27/202410-K
    09/30/202311/14/202310-Q
    06/30/202308/14/202310-Q
    03/31/202305/08/202310-Q
    12/31/202203/20/202310-K
    09/30/202211/14/202210-Q
     Collapse to Preview
    Report DateFiling DateFiling
    06/30/202608/19/202610-Q
    03/31/202605/20/202610-Q
    12/31/202504/15/202610-K
    09/30/202510/31/202510-Q
    06/30/202508/08/202510-Q
    03/31/202505/12/202510-Q
    12/31/202403/31/202510-K
    09/30/202411/13/202410-Q
    06/30/202408/09/202410-Q
    03/31/202405/14/202410-Q
    12/31/202303/27/202410-K
    09/30/202311/14/202310-Q
    06/30/202308/14/202310-Q
    03/31/202305/08/202310-Q
    12/31/202203/20/202310-K
    09/30/202211/14/202210-Q
    06/30/202208/12/202210-Q
    03/31/202205/10/202210-Q
    12/31/202103/21/202210-K
    09/30/202111/12/202110-Q
    06/30/202108/16/202110-Q
    03/31/202105/11/202110-Q
    12/31/202003/18/202110-K
    09/30/202011/12/202010-Q
    06/30/202008/12/202010-Q
    03/31/202005/14/202010-Q
    12/31/201903/27/202010-K
    09/30/201911/12/201910-Q

    Insider Activity

    Updated 4/26/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Lytton, Laurence WDirectSell63020251.39400,514  Form
    2Lytton, Laurence WDirectSell63020251.50466,402699,603600,771Form
    3Becher, CharlesSee RemarksDirectSell42520251.4531,32645,42390,869Form
    4Mulica, Michael CDirectSell42520251.4527,81840,336106,273Form
    5Crolius, ClaytonChief Financial OfficerDirectSell42520251.4511,63416,86944,889Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Lytton, Laurence WDirectSell63020251.39400,514  Form
    2Lytton, Laurence WDirectSell63020251.50466,402699,603600,771Form
    3Becher, CharlesSee RemarksDirectSell42520251.4531,32645,42390,869Form
    4Mulica, Michael CDirectSell42520251.4527,81840,336106,273Form
    5Crolius, ClaytonChief Financial OfficerDirectSell42520251.4511,63416,86944,889Form
    6Cassano, James SDirectSell42520251.4523,38133,90271,233Form
    7Wang, JeffreyDirectSell42520251.454,4786,49330,886Form
    8Steenstra, JackDirectSell42520251.4523,38133,90271,252Form

    Industry Resources

    External Quote Links


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    Core Cache Last Updated: 10/9/2026