---
schema_version: "secwatch.filing_event.v1"
accession: "0000827187-26-000039"
form_type: "8-K"
ticker: "SNBR"
cik: "0000827187"
company_name: "Sleep Number Corp"
filed_at: "2026-05-12T11:02:11+00:00"
generated_at: "2026-05-12T11:06:26.183574+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sleep Number Q1 net sales $319M (-19% YoY); net loss widens to $50M

## Summary
- Net loss of $50.3M vs $9.3M loss in prior year; adjusted EBITDA $6.0M, down 74%.
- Gross margin fell to 57.9% from 61.2% on mix shift to new ComfortMode bed and inventory discounting.
- Operating expenses down 18% YoY to $195M (ex-restructuring); $22M in restructuring costs incurred.
- Secured $55M incremental liquidity via amended lender agreement; evaluating strategic/financing options.
- No financial guidance provided due to ongoing strategic review with Guggenheim Securities.

## SEC filing metadata
- accession: 0000827187-26-000039
- form_type: 8-K
- ticker: SNBR
- cik: 0000827187
- company_name: Sleep Number Corp
- filed_at: 2026-05-12T11:02:11+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/827187/000082718726000039/0000827187-26-000039-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/827187/000082718726000039/snbr-20260512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000827187-26-000039
- JSON: https://secwatch.observer/filing/0000827187-26-000039.json
- Plain text: https://secwatch.observer/filing/0000827187-26-000039.txt

## Key facts
- Earnings Releases
  Sleep Number Corp reported the quarter ended April 4, 2026 results: revenue $319 million, net income Net loss was $50 million.
  - Period: the quarter ended April 4, 2026
  - Revenue: $319 million
  - Net income: Net loss was $50 million
  - Result: reported results
  source text: Sleep Number Announces First Quarter 2026 Results Reports First Quarter 2026 Net Sales of $319 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/827187/000082718726000039/0000827187-26-000039-index.htm

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