Sonnet BioTherapeutics Holdings, Inc. (SONN)

SONN Income Statement

Financials in millions USD. Fiscal year is October - September.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	1	0.02	0.15	0.35	0.48	-
Revenue Growth (YoY)	1689.52%	-87.40%	-57.76%	-27.64%	-	-
Cost of Revenue	1.77	0.11	0.12	21.44	16.63	9.88
Gross Profit	-0.77	-0.09	0.03	-21.09	-16.15	-9.88
Selling, General & Admin	7.66	6.13	7.13	8.58	8.94	7.53
Research & Development	5.63	5.63	11.69	-	-	-
Operating Expenses	13.29	11.76	18.82	8.58	8.94	7.53
Operating Income	-14.06	-11.85	-18.79	-29.67	-25.09	-17.41
Interest & Investment Income	-	-	-	-	0	0.02
Currency Exchange Gain (Loss)	-0.06	0.08	-0.04	-0.05	-0.02	-0.05
Other Non Operating Income (Expenses)	0.72	4.33	-	-	-	-
EBT Excluding Unusual Items	-13.4	-7.44	-18.83	-29.72	-25.11	-17.44
Other Unusual Items	-	-	-	-	0.13	-
Pretax Income	-13.4	-7.44	-18.83	-29.72	-24.98	-24.27
Net Income	-13.56	-7.44	-18.83	-29.72	-24.98	-24.27
Preferred Dividends & Other Adjustments	-	-	-	-	-	41.34
Net Income to Common	-13.56	-7.44	-18.83	-29.72	-24.98	-65.6
Shares Outstanding (Basic)	3	1	0	0	-	-
Shares Outstanding (Diluted)	3	1	0	0	-	-
Shares Change (YoY)	469.85%	404.96%	425.71%	-	-	-
EPS (Basic)	-5.01	-11.35	-145.13	-1204.14	-	-
EPS (Diluted)	-5.01	-11.35	-145.13	-1204.14	-	-
Free Cash Flow	-10.31	-8.61	-21.34	-27.77	-22.56	-15.69
Free Cash Flow Per Share	-3.81	-13.14	-164.47	-1125.21	-	-
Gross Margin	-76.75%	-	17.96%	-	-	-
Operating Margin	-1405.87%	-63617.90%	-12714.47%	-8478.34%	-5187.36%	-
Profit Margin	-1355.62%	-39929.30%	-12741.58%	-8493.34%	-5165.97%	-
Free Cash Flow Margin	-1031.07%	-46213.48%	-14439.19%	-7936.59%	-4663.91%	-
EBITDA	-14.05	-11.84	-18.78	-29.66	-25.07	-17.4
D&A For EBITDA	0.01	0.01	0.01	0.01	0.01	0.01
EBIT	-14.06	-11.85	-18.79	-29.67	-25.09	-17.41

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q