Fast Company·Jun 18, 2026
Sleep Number Corporation stock will be delisted from Nasdaq after Chapter 11 bankruptcy; shares plummetShares of Sleep Number Corporation will no longer be publicly traded after next week.
Sleep Number Corporation(SNBR)Earnings, Financials & Key Ratios
SNBR•NASDAQ
$0.13
Price updated Jul 6, 2026
AboutSleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands. The company sells its products directly to consumers through retail, online, phone, and chat as well as through its e-commerce activities. As of January 2, 2022, it operated approximately 648 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was founded in 1987 and is headquartered in Minneapolis, Minnesota.Show more
- Revenue$1.41B-16.1%
- EBITDA$57M-35.8%
- Net Income-$132M-549.0%
- EPS (Diluted)-5.77-541.1%
- Gross Margin59.01%-1.0%
- EBITDA Margin4.06%-23.4%
- Operating Margin0.29%-78.6%
- Net Margin-9.35%-673.5%
SNBR Price & Volume
Sleep Number Corporation (SNBR) stock price & volume — 10-year historical chart
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Persistent Revenue Contraction Strains Capital Structure Integrity
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Severe liquidity and solvency
Key Thesis Takeaways
- Sleep Number faces a precarious outlook characterized by sustained top-line erosion, with revenue declining 18.9% year-over-year in 2026Q1, which severely limits the company's ability to cover its substantial fixed-cost retail overhead.
- The firm's financial position is increasingly fragile, evidenced by a negative equity position of $626.3 million and a dangerously thin cash reserve of only $1.5 million.
- Investors should remain cautious as the company struggles to navigate a cyclical downturn while managing a $953.6 million debt load that leaves virtually no margin for operational error.
Verdict Logic
the company's precarious financial health, evidenced by a $953.6 million debt load and a nominal $1.5 million cash balance, suggests significant insolvency risk that outweighs potential cyclical recovery.
SNBR Growth Metrics
Sleep Number Corporation (SNBR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years1.52%
5 Years-5.33%
3 Years-12.6%
TTM-16.69%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-707.56%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-696.84%
Return on Capital
10 Years115.86%
5 Years147.33%
3 Years40.66%
Last Year0.73%
SNBR Recent Earnings
Sleep Number Corporation (SNBR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 12, 2026Metric
Actual
Est
EPS
$2.19-458.6%
$0.39
Rev
$319M-0.5%
$321M
Q2 2026
Mar 12, 2026Metric
Actual
Est
EPS
$1.95-248.2%
$0.56
Rev
$347M+5.7%
$329M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.07-53.3%
$0.15
Rev
$343M+4.3%
$329M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$1.09-808.3%
$0.12
Rev
$328M-9.9%
$364M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 12, 2026 | $2.19vs $0.39-458.6% | $319Mvs $321M-0.5% |
| Q2 2026 | Mar 12, 2026 | $1.95vs $0.56-248.2% | $347Mvs $329M+5.7% |
| Q4 2025 | Nov 5, 2025 | $0.07vs $0.15-53.3% | $343Mvs $329M+4.3% |
| Q3 2025 | Jul 30, 2025 | $1.09vs $0.12-808.3% | $328Mvs $364M-9.9% |
Based on last 12 quarters of dataView full earnings history →
Latest SNBR News
Recent stock market news and headlines for Sleep Number Corporation (SNBR)
Benzinga·Jun 18, 2026
Stock Market Today: S&P 500, Dow, Nasdaq 100 Futures Jump After Sharp Sell-Off On Fed Rates Pause— Freecast, Smith & Wesson In Focus (UPDATED)U.S. stock futures rose on Thursday, as the Dow Jones, Nasdaq 100, and S&P 500 indices advanced, following Tuesday's sharp sell-off.
Peers Comparison
Key metrics vs top competitors for Sleep Number Corporation (SNBR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $0.13 | $2.93M | -0.02 | -16.1% | -9.35% | — | — | |
| $0.36 | $39.02M | -0.75 | -3.93% | -7.02% | — | — | |
| $18.04 | $264.08M | 64.43 | — | 0.55% | 1.88% | — | |
| $17.07 | $437.27M | 8.49 | -4.89% | 6.81% | 8.46% | — | |
| $169.00 | $3.19B | 26.78 | 8.14% | 3.01% | 515.43% | — | |
| $8.15 | $1.15B | 16.98 | 8.51% | 4.67% | 16.39% | — |
Compare SNBR vs Peers
Sleep Number Corporation (SNBR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
SNBR SEC Filings & Documents
Sleep Number Corporation (SNBR) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 12, 2026·SEC
Material company update
Apr 28, 2026·SEC
Material company update
Mar 23, 2026·SEC
10-K Annual Reports
310-Q Quarterly Reports
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SNBR Frequently Asked Questions
Sleep Number Corporation (SNBR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Sleep Number Corporation's revenue?
Sleep Number Corporation (SNBR) reported $1.34B in revenue for fiscal year 2025. This represents a 625% increase from $184.4M in 1997.
How fast is Sleep Number Corporation growing?
Sleep Number Corporation (SNBR) saw revenue decline by 16.1% over the past year.
Is SNBR profitable?
Sleep Number Corporation (SNBR) reported a net loss of $173.6M for fiscal year 2025.
Dividend & Returns
What is Sleep Number Corporation's free cash flow?
Sleep Number Corporation (SNBR) had negative free cash flow of $26.6M in fiscal year 2025, likely due to heavy capital investments.