Sonder Holdings Inc. announced financial results for Q1 2025, with a 13% increase in RevPAR to $139 and an 83% occupancy rate. The company reported revenue of $118.9 million, a net loss of $56.5 million, and adjusted EBITDA of $(56.7) million. Cash used in operating activities improved by 89% to $4.4 million.

Sonder has entered a strategic licensing agreement with Marriott International, integrating all Sonder properties into Marriott’s digital channels. However, Sonder received a notice of delayed filing from Nasdaq for not filing its Q2 2025 Form 10-Q on time, following a previous notice for not filing the 2024 Form 10-K promptly.

The Company has submitted a compliance plan to Nasdaq and aims to regain compliance by October 13, 2025. The filing of the Q2 2025 Form 10-Q was delayed to ensure accurate accounting processes. Sonder continues to work towards filing the report promptly while facing challenges in meeting Nasdaq listing requirements.

Sonder, a global brand of premium accommodations, offers design-forward apartments and boutique hotels in 40 cities across nine countries and three continents. The company aims to provide a seamless experience for modern travelers through tech-enabled services and inspiring accommodations. For more information, visit Sonder’s website or follow them on social media.

Financial information for Sonder includes non-GAAP measures like Adjusted EBITDA, EBITDAR, and Adjusted Free Cash Flow. These measures help evaluate the company’s operating performance, liquidity, and progress towards financial sustainability. Sonder focuses on achieving positive Adjusted FCF to support future growth and financial stability, in line with its Cash Flow Positive Plan.

Read more at GlobeNewswire: Sonder Holdings Inc. Announces First Quarter 2025 Financial