---
schema_version: "secwatch.filing_event.v1"
accession: "0000827187-26-000012"
form_type: "8-K"
ticker: "SNBR"
cik: "0000827187"
company_name: "Sleep Number Corp"
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T14:32:38.410302+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sleep Number FY2025 net sales $1.4B, net loss $132M; guides double-digit EBITDA growth in 2026

## Summary
- Q4 net sales $347M (-8% YoY); net loss $59M vs $5M loss last year, including $47.9M deferred tax adjustment.
- Full-year net loss $132M vs $20M loss; adjusted EBITDA $78M (-35%) with margin 5.5%.
- Achieved $185M annualized cost savings; plans additional $50M fixed-cost savings in 2026.
- New ComfortMode bed launched Jan 2026, outselling plan by 3.5x; rest of new line available March 23.
- Engaged Guggenheim Securities to evaluate capital structure options and improve liquidity.

## SEC filing metadata
- accession: 0000827187-26-000012
- form_type: 8-K
- ticker: SNBR
- cik: 0000827187
- company_name: Sleep Number Corp
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827187/000082718726000012/0000827187-26-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827187/000082718726000012/snbr-20260312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827187-26-000012
- JSON: https://secwatch.observer/filing/0000827187-26-000012.json
- Plain text: https://secwatch.observer/filing/0000827187-26-000012.txt

## Key facts
- Earnings Releases
  Sleep Number Corp reported the fiscal year ended January 3, 2026 results: revenue $1.4 billion, net income $132 million. Guidance initiated.
  - Period: the fiscal year ended January 3, 2026
  - Revenue: $1.4 billion
  - Net income: $132 million
  - Guidance: initiated
  - Result: reported results
  source text: Net sales of $1.4 billion, down 16%, driven by driven by ongoing industry pressure and lower store traffic. • Gross profit of $833 million, a decrease of $170 million. Gross profit margin of 59.0% of net sales, down 60 bps, driven by the $9.6 million inventory write-down charge and partially offset by the benefit of product cost reductions through value engineering and ongoing supplier negotiations and ongoing efficiencies in our home delivery and logistics operations. • Operating expenses were $880 million. Adjusted operating expenses before restructuring and other non-recurring costs were $824 million, a decrease of $136 million, or 14%, driven by lower marketing and selling expenses, general and administrative expenses, and research and development expenses. • Restructuring and other non-recurring costs were $65 million, driven primarily by severance and employee-related benefits, contract termination costs due to store closures, asset impairment charges, and inventory obsolescence.
  evidence_url: https://www.sec.gov/Archives/edgar/data/827187/000082718726000012/0000827187-26-000012-index.htm
- Earnings Releases
  Sleep Number Corp reported the fourth quarter ended January 3, 2026 results: revenue $347 million, net income $59 million.
  - Period: the fourth quarter ended January 3, 2026
  - Revenue: $347 million
  - Net income: $59 million
  - Result: reported results
  source text: Net sales of $347 million, down 8%, driven by ongoing industry demand pressure and lower store traffic. • Gross profit of $193 million, a decrease of $32 million. Gross profit margin of 55.6% compared to 59.9% for the same period last year, primarily due to a $9.6 million inventory obsolescence charge associated with the introduction of the company's new product line. Excluding the charge, adjusted gross profit margin was 58.4%. • Operating expenses were $201 million. Adjusted operating expenses before restructuring and other non-recurring costs were $197 million, a decrease of $20 million, or 9%, driven by lower marketing and selling expenses, general and administrative expenses, and research and development expenses. • Restructuring and other non-recurring costs were $14 million, driven primarily by the $9.6 million inventory obsolescence charge and contract termination costs due to store closures. • Net loss of $59 million compared with a net loss of $5 million for the same period l
  evidence_url: https://www.sec.gov/Archives/edgar/data/827187/000082718726000012/0000827187-26-000012-index.htm

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