SNBR at a glance
Sleep Number Corp (SNBR, SEC CIK 827187) filed its latest 10-K annual report on March 12, 2026, a 10-Q quarterly report on May 12, 2026, an 8-K current report on August 3, 2026 and Form 4 insider filings as recently as June 23, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended January 3, 2026 (FY2025), Sleep Number Corp (SNBR) reported revenue of $1.4 billion (down 16.1% from FY2024) and a net loss of $132.0 million. Diluted EPS was -$5.77.
- As of March 31, 2026, 24 institutional investment managers tracked by SignalX reported holding Sleep Number Corp (SNBR) shares worth $11.6 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by HOWARD JULIE on June 22, 2026 of 10,585 shares at $0.13 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.4B
- −16.1% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 24 funds
- $11.6M · +1 vs prior quarter
- Latest 8-K
- Aug 3, 2026
- Item 2.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Jan 3, 2026
Business Overview
- Core business: Direct-to-consumer personalized sleep wellness with smart mattresses combining physical comfort and digital sleep health platform
- New emphasis: 2025 "Sleep Number Shifts" turnaround strategy simplifies product lineup, modernizes marketing, optimizes store footprint, expands distribution channels
- Strategic shift: Under new CEO Linda Findley from April 2025, accelerated cost reductions of $136M YoY, streamlined operations, improved financial flexibility through extended credit agreement
- Quantitative metric: 600 stores nationwide with 88% of 2025 net sales; 3,100 team members; R&D spend reduced to $34M in 2025 from $45M in 2024
- Noteworthy fact: Leveraging 38 billion hours of proprietary sleep data from over 16 million customers to drive AI-enabled product innovation and health research collaborations
Risk Factors
- Regulatory risk: Credit Agreement financial covenants amended Nov 4, 2025, with increased leverage ratio limits up to 5.25x and liquidity minimum $30M-40M through 2026
- Macroeconomic threat: 16% net sales decline in 2025 to $1.4B due to lower store traffic and industry demand pressure
- Operational vulnerability: $51M restructuring costs in 2025, up $33M YoY, including severance, contract terminations, asset impairments, with $13M more expected in 2026
- Competitive risk: 17% comparable store sales decrease in Total Retail amid ongoing industry pressure reflects market share erosion risks
- Financial risk: Substantial doubt about going concern due to recurring net losses ($132M in 2025) and inability to meet Credit Agreement covenants without amendments
Management Discussion & Analysis
- Forward risks: elevated interest rates, credit availability, economic conditions affecting consumer spending
- Key operational risks: supply chain disruptions, inflation, minimal inventory levels, cyber threats, labor challenges
- Strategic risks: execution of turnaround plans, Total Retail strategy, product innovation, brand protection
AI summary of the SNBR 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Apr 4, 2026
Management Discussion & Analysis
- Revenue $319M, down 19% YoY from $393M; Total Retail comparable sales down 16%
- Gross margin 57.9% vs 61.2% YoY; operating margin negative 11.6% vs 0.5%
- Worst performer: retail comparable-store sales down 17%; online, phone and chat down 15%
- Operating cash flow used $8M vs $3M used YoY; free cash flow used $13M vs $7M
- $606M borrowings; substantial doubt over going concern and expected covenant noncompliance within twelve months
Risk Factors
- No material risk-factor changes disclosed from the most recent 10-K
- Liquidity risk: $348.1 million remaining under the $600 million share-repurchase authorization
- Financing risk: Thirteenth amendment to credit and security agreement dated April 27, 2026
- Compliance risk: Ongoing Sarbanes-Oxley certifications under Sections 302 and 906
AI summary of the SNBR 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.01: Completion of Acquisition or Disposition of Assets
- Amended and restated asset purchase agreement dated July 18, 2026, involving Sleep Number, a purchaser, and Sleep Country Canada
- Filing identifies the transaction agreement but provides no acquisition price or asset details in the excerpt
Item 1.01: Entry into a Material Definitive Agreement
- Bankruptcy auction raised cash purchase price from $415M to $529.5M
- Sleep Country Canada to acquire substantially all assets, assuming certain liabilities
Item 3.01: Notice of Delisting or Failure to Satisfy a Continued Listing Rule
- Nasdaq delisting follows Sleep Number’s June 12, 2026 Chapter 11 bankruptcy filing
- Common-stock trading suspended at the beginning of business June 23, 2026
AI summaries of SNBR 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for SNBR
Don't miss the next SNBR filing
- Alerts as it files. A push when SNBR files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut SNBR, by share count.
- Ask anything. An AI agent that reads every SNBR filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| HOWARD JULIE | Sell | Jun 22, 2026 | 10,585 | $0.13 |
| Hellfeld Samuel R | Sell | Jun 18, 2026 | 7,964.04 | $0.31 |
| MENDEZ ANGEL L | Sell | Jun 18, 2026 | 3,020 | $0.22 |
| Krusmark Christopher D | D | Jun 12, 2026 | 30,720 | $0.37 |
| Minson Amber | D | Jun 12, 2026 | 4,293 | $0.41 |
| Barra Melissa | D | Jun 12, 2026 | 81,512 | $0.37 |
| Baker Kelly F. | D | Jun 12, 2026 | 614 | $0.40 |
| Barra Melissa | D | Jun 12, 2026 | 81,512 | $0.37 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.7B | $1.4B |
| Gross Profit | - | $1.0B | $833.0M |
| Operating Income | - | $22.9M | -$46.6M |
| Net Income | - | -$20.3M | -$132.0M |
| Gross Margin | - | 59.6% | 59.0% |
| Op. Margin | - | 1.4% | -3.3% |
| Net Margin | - | -1.2% | -9.3% |
| Balance Sheet | |||
| Total Assets | $950.9M | $860.8M | $680.1M |
| Equity | -$441.9M | -$451.6M | -$578.5M |
| ROE | - | 4.5% | 22.8% |
| Per Share | |||
| EPS | - | $-0.90 | $-5.77 |
| Cash Flow | |||
| Operating CF | - | $27.1M | -$3.3M |
| CapEx | - | $23.5M | $14.4M |
Source: XBRL data in Sleep Number Corp (SNBR)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q1 2026Aggregate SNBR share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q1 2026 | 24 | $11.6M |
| Q4 2025 | 23 | $64.9M |
| Q3 2025 | 23 | $60.6M |
| Q2 2025 | 25 | $47.1M |
| Q1 2025 | 21 | $31.9M |
| Q4 2024 | 15 | $62.9M |
| Q3 2024 | 15 | $57.1M |
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- BlackRock−69.0K (-5%)
Source: 13F-HR filings on SEC EDGAR (aggregated from 146 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
SNBR filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Aug 3, 2026 | - | Analysis | - |
| 8-K | Jul 23, 2026 | - | Analysis | - |
| SC 13G | Jun 23, 2026 | - | - | |
| 4 | Jun 23, 2026 | - | - | - |
| SC 13G | Jun 23, 2026 | - | - | |
| 4 | Jun 22, 2026 | - | - | - |
| 4 | Jun 22, 2026 | - | - | - |
| 8-K | Jun 17, 2026 | - | Analysis | - |
| 8-K | Jun 16, 2026 | - | Analysis | - |
| 4 | Jun 16, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 4 | Jun 15, 2026 | - | - | - |
| 8-K | Jun 12, 2026 | - | Analysis | - |
| 8-K | Jun 10, 2026 | - | Analysis | |
| 8-K | Jun 2, 2026 | - | Analysis | |
| 4 | Jun 1, 2026 | - | - | |
| 8-K | May 27, 2026 | - | Analysis | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - | |
| 4 | May 21, 2026 | - | - |
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SNBR SEC filings: frequently asked questions
Which institutions hold SNBR stock?
As of March 31, 2026, the largest Sleep Number Corp (SNBR) holders among the 13F filers tracked by SignalX were BlackRock ($2.5 million), Vanguard Capital Management LLC ($1.7 million), Bank of America Corp ($1.3 million), Two Sigma Investments ($1.3 million), Goldman Sachs Group ($1.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was SNBR's revenue in fiscal year 2025?
For the fiscal year ended January 3, 2026 (FY2025), Sleep Number Corp (SNBR) reported revenue of $1.4 billion (down 16.1% from FY2024) and a net loss of $132.0 million. Diluted EPS was -$5.77. The figures come from the XBRL data in the 10-K.
What are the main risks in SNBR's latest 10-K?
In the 10-K filed March 12, 2026, Sleep Number Corp (SNBR) flagged: Regulatory risk: Credit Agreement financial covenants amended Nov 4, 2025, with increased leverage ratio limits up to 5.25x and liquidity minimum $30M-40M through 2026. Macroeconomic threat: 16% net sales decline in 2025 to $1.4B due to lower store traffic and industry demand pressure. (AI summary of the Risk Factors section.)
What did SNBR report in its latest 8-K?
Sleep Number Corp (SNBR) filed an 8-K on August 3, 2026 reporting Item 2.01 (Completion of Acquisition or Disposition of Assets). Amended and restated asset purchase agreement dated July 18, 2026, involving Sleep Number, a purchaser, and Sleep Country Canada.
What are the latest SNBR SEC filings?
Sleep Number Corp (SNBR) filed its latest 10-K annual report on March 12, 2026, a 10-Q quarterly report on May 12, 2026, an 8-K current report on August 3, 2026 and a Form 4 insider filing on June 23, 2026.
What is SNBR's SEC CIK number?
Sleep Number Corp (SNBR)'s SEC Central Index Key (CIK) is 827187. EDGAR lists every SNBR filing under that number.
Ask anything about SNBR
The research agent reads SNBR's filings, financials, insider trades and 13F holders, then answers with sources.