Sleep Number Corp (SNBR) Q3 2025 10-Q Quarterly Report
Sleep Number Corp (SNBR) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 27, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
Sleep Number Corp Q3 2025 10-Q Analysis
Risk Factors
- • New risk: Turnaround strategy introduced Nov 2025 to reposition brand amid three-year industry recession and 20% sales decline
- • Material update: Restructuring costs surged to $39M in Q3 2025 from $2M prior year due to contract terminations and asset impairments
- • Regulatory/legal: $14M valuation allowance recorded on deferred tax assets related to interest expense, reflecting impairment concerns under tax rules
- • Operational/market: 19% Total Retail comparable sales decrease in Q3 2025 driven by lower volume, reduced store count, and consumer spending pressures
- • Financial risk: $580M borrowings under credit facility with amended covenant requiring minimum liquidity $30M through Sept 2026, rising to $40M thereafter
Sleep Number Corp Q3 2025 Quarterly FinancialsXBRL
Revenue
$343M
▼ -19.6% YoY▲ +4.6% QoQ
Net Income
-$40M
▼ -1168.8% YoY▼ -59.1% QoQ
Gross Margin
59.9%
▼ -93bp YoY▲ +82bp QoQ
Operating Margin
-11.8%
▼ -1373bp YoY▼ -1173bp QoQ
Net Margin
-11.6%
▼ -1087bp YoY▼ -398bp QoQ
ROE
7.6%
Total Assets
$749M
EPS (Diluted)
$-1.73
▼ -1230.8% YoY▼ -57.3% QoQ
Operating Cash Flow
-$6M
▼ -123.3% YoY▼ -266.3% QoQ
Source: XBRL data from Sleep Number Corp Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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