📊 SNBR Key Takeaways
Is Sleep Number Corp (SNBR) a Good Investment?
Sleep Number is in severe financial distress with negative stockholders' equity of -$626.3M, indicating liabilities exceed assets. The company faces accelerating revenue decline (-16.1% YoY), sustained operating losses (-$36.9M), and negative free cash flow (-$13.2M) with critically insufficient liquidity (current ratio 0.15x, only $1.5M cash). Structural profitability collapse with deteriorating margins indicates the business model is not sustainable at current scale.
Sleep Number Corp Key Strengths (SNBR)
- Gross margin of 57.9% demonstrates product economics remain relatively intact
- Established brand presence in specialty mattress retail segment
- Recent insider activity (8 Form 4 filings) suggests ongoing corporate engagement
SNBR Stock Risks: Sleep Number Corp Investment Risks
- Negative stockholders' equity of -$626.3M creates imminent balance sheet insolvency risk
- Severe liquidity crisis with current ratio of 0.15x and minimal cash reserves of $1.5M
- Persistent negative operating cash flow (-$7.8M) and free cash flow (-$13.2M) indicate cash burn unsustainable
- Revenue contraction of 16.1% YoY suggests loss of market share and demand weakness
- Total liabilities exceed total assets by $659M, indicating debt covenant default risk
Key Metrics to Watch
- Stockholders equity trajectory and debt restructuring developments
- Operating cash flow stabilization and path to positive FCF
- Revenue stabilization and gross margin sustainability under cost pressures
- Liquidity position and refinancing ability given negative equity constraints
Sleep Number Corp (SNBR) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
SNBR Profit Margin, ROE & Profitability Analysis
SNBR vs Market Sector: How Sleep Number Corp Compares
How Sleep Number Corp compares to Market sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Sleep Number Corp Stock Overvalued? SNBR Valuation Analysis 2026
Based on fundamental analysis, Sleep Number Corp has mixed fundamental signals relative to the Market sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Sleep Number Corp Balance Sheet: SNBR Debt, Cash & Liquidity
SNBR Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Sleep Number Corp's revenue has declined by 14% over the 5-year period, indicating business contraction. The most recent EPS of $-0.68 indicates the company is currently unprofitable.
SNBR Revenue Growth, EPS Growth & YoY Performance
SNBR Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q1 2026 | $319.0M | -$8.6M | $-0.38 |
| Q3 2025 | $342.9M | -$3.1M | $-0.14 |
| Q2 2025 | $327.9M | -$5.1M | $-0.22 |
| Q1 2025 | $393.3M | -$7.5M | $-0.33 |
| Q3 2024 | $426.6M | $754.0K | $-0.10 |
| Q2 2024 | $408.4M | $754.0K | $0.03 |
| Q1 2024 | $470.4M | -$7.5M | $-0.33 |
| Q3 2023 | $472.6M | $754.0K | $-0.10 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Sleep Number Corp Dividends, Buybacks & Capital Allocation
SNBR SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Sleep Number Corp (CIK: 0000827187)
📋 Recent SEC Filings
❓ Frequently Asked Questions about SNBR
What is the AI rating for SNBR?
Sleep Number Corp (SNBR) has an AI grade of D with 97% confidence, based on fundamental analysis of SEC EDGAR filings.
What are SNBR's key strengths?
Claude: Gross margin of 57.9% demonstrates product economics remain relatively intact. Established brand presence in specialty mattress retail segment.
What are the risks of investing in SNBR?
Claude: Negative stockholders' equity of -$626.3M creates imminent balance sheet insolvency risk. Severe liquidity crisis with current ratio of 0.15x and minimal cash reserves of $1.5M.
What is SNBR's revenue and growth?
Sleep Number Corp reported revenue of $319.0M.
Does SNBR pay dividends?
Sleep Number Corp does not currently pay dividends.
Where can I find SNBR SEC filings?
Official SEC filings for Sleep Number Corp (CIK: 0000827187) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is SNBR's EPS?
Sleep Number Corp has a diluted EPS of $-2.19.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.
What is SNBR's fundamental grade?
Based on our AI fundamental analysis in May 2026, Sleep Number Corp has a D grade with 97% confidence. Review the strengths and risks sections above for full context. This is not investment advice.
Is SNBR stock overvalued or undervalued?
Valuation metrics for SNBR: ROE of N/A (sector avg: 15%), net margin of -15.8% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
What is SNBR's AI grade for 2026?
Our dual AI analysis gives Sleep Number Corp a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is SNBR's free cash flow?
Sleep Number Corp's operating cash flow is $-7.8M, with capital expenditures of $5.4M. FCF margin is -4.1%.
How does SNBR compare to other Market stocks?
Vs Default sector averages: Net margin -15.8% (avg: 12%), ROE N/A (avg: 15%), current ratio 0.15 (avg: 1.8).