---
schema_version: "secwatch.filing_event.v1"
accession: "0000827187-25-000008"
form_type: "8-K"
ticker: "SNBR"
cik: "0000827187"
company_name: "Sleep Number Corp"
filed_at: "2025-03-05T23:59:59+00:00"
generated_at: "2026-05-25T12:10:26.284743+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sleep Number Q4 net loss narrows to $5M; appoints Linda Findley CEO

## Summary
- Q4 net sales $377M (-12% YoY); gross margin 59.9% (+330 bps); net loss $5M (vs -$25M prior year).
- Full-year net sales $1.68B (-11%); adjusted EBITDA $120M; free cash flow $4M vs -$66M prior year.
- Amended credit facility: $40M liquidity covenant, relaxed leverage ratios through 2025 (max 4.75x in Q1/Q2 2025).
- Linda Findley appointed President and CEO effective April 7, 2025; Phillip Eyler to become independent Chair.
- No 2025 financial outlook issued; new CEO will evaluate strategies before providing guidance.

## SEC filing metadata
- accession: 0000827187-25-000008
- form_type: 8-K
- ticker: SNBR
- cik: 0000827187
- company_name: Sleep Number Corp
- filed_at: 2025-03-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827187/000082718725000008/0000827187-25-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827187/000082718725000008/snbr-20250303.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827187-25-000008
- JSON: https://secwatch.observer/filing/0000827187-25-000008.json
- Plain text: https://secwatch.observer/filing/0000827187-25-000008.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.