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Sleep Number Corporation (SNBR) Stock Price, News & Analysis

SNBR NASDAQ
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Price Move History

Daily moves over 5%
104 252 sessions, June 20, 2025 to June 22, 2026
Largest daily move
+120.8% close of June 17, 2026
1-year change
-98.3% closing prices, June 20, 2025 to June 22, 2026
1-month change
-92.7% closing prices, May 22, 2026 to June 22, 2026

Company Description

Sleep Number Corporation (Nasdaq: SNBR) is a sleep wellness company that designs, manufactures, markets, and distributes sleep solutions focused on personalized comfort and health. Classified in upholstered household furniture manufacturing within the manufacturing sector, the company is known for its smart beds, mattresses, bases, bedding, pillows, and related furniture. Sleep Number emphasizes adjustable firmness, pressure-relieving support, and temperature-balancing comfort as core elements of its offering.

According to company disclosures, Sleep Number operates a vertically integrated, exclusive, direct-to-consumer business model. It generates revenue by marketing and selling its products directly to new and existing customers through its own channels, including retail stores, online, phone, and chat. The company refers to these combined channels as its total retail or direct-to-consumer network. Its products are available at hundreds of Sleep Number stores across the United States and through its online platform.

Personalized sleep wellness platform

Sleep Number describes itself as being guided by a purpose to improve lives by personalizing sleep and to improve the health and wellbeing of society through higher quality sleep. The company highlights a sleep wellness platform that aims to help solve sleep problems through individualized temperature control, adjustable comfort, and personalized sleep and health insights. This platform is built around a smart bed ecosystem that the company states delivers dynamic, adjustable, and effortless sleep.

The company reports that its innovations have improved the lives of millions of people and that it has accumulated tens of billions of hours of longitudinal sleep data from its customers. Sleep Number cites this data, along with research collaborations with global institutions, as a foundation for its sleep and health insights. The company also notes that its smart bed customers, whom it refers to as "Smart Sleepers," are loyal advocates of the brand.

Products and key technologies

Sleep Number’s product portfolio, as described in its public materials, includes:

  • Smart beds and mattresses with adjustable firmness, pressure-relieving support, and temperature-balancing comfort.
  • Adjustable bases that provide head and foot adjustability and other comfort settings designed to complement its mattresses.
  • Bedding, pillows, and furniture that are positioned as part of a complete sleep solution.

The company highlights specific technologies and features in its ecosystem, including individualized temperature control through products such as the Climate360 smart bed, as well as app-enabled and non-app-enabled adjustability options. In 2026, Sleep Number announced ComfortMode, described as its most comfortable mattress at a sub-$1,600 price point, featuring firmness adjustability and temperature-balancing benefits without requiring an app or connectivity. The company also introduced an adjustable base designed to fit within or under many existing bed frames, offering head and foot adjustability, a Zero Gravity setting, and underbed lighting.

Direct-to-consumer distribution and vertical integration

Sleep Number emphasizes that it is a fully integrated company, overseeing design, craftsmanship, delivery, and long-term support. Public statements describe a vertically integrated business model that includes product development, manufacturing, and exclusive direct-to-consumer selling through its own stores and online presence. The company has reported operating more than 600 stores nationwide in recent communications, with store counts referenced in the 600+ range and specific figures such as 611 and 630 stores in different periods.

This exclusive distribution approach means that Sleep Number products are available only through its own channels rather than through third-party retailers. The company positions this structure as a way to maintain quality, durability, and customer care at every step of the customer journey.

Data, research, and brand positioning

Sleep Number reports that it has accumulated tens of billions of hours of longitudinal sleep data from its smart bed ecosystem. It states that this data is used in research with global institutions and to generate personalized sleep and health insights for customers. The company also notes that its products have received industry recognitions, including rankings for customer satisfaction and comfort from third-party organizations such as J.D. Power, and that it serves as the Official Sleep + Wellness Partner of the NFL. The NFL relationship is described as leveraging player health data, team partnerships, and league-wide initiatives to build brand awareness and consumer engagement.

In its public communications, Sleep Number frequently describes its brand as focused on personalized sleep wellness, differentiated products, and a simplified operating model. The company has also discussed a company-wide turnaround strategy aimed at repositioning the brand, expanding reach, and reigniting growth, with actions including cost reductions, operational streamlining, and credit agreement amendments to provide financial flexibility.

Financial structure and turnaround context

Sleep Number’s SEC filings and earnings releases describe a period of financial pressure and a turnaround effort. The company has reported declines in net sales and net losses in recent quarters, along with significant reductions in operating expenses and restructuring costs. It has also disclosed amendments to its credit and security agreement, including an extension of the maturity date, adjustments to leverage and liquidity covenants, and changes to interest and fee structures.

In a Twelfth Amendment to its credit agreement, Sleep Number and its lenders agreed to revised leverage ratio thresholds, minimum liquidity requirements, and interest coverage ratios, as well as a new minimum EBITDA covenant and expanded addbacks in the definition of consolidated EBITDA. The company has stated that these changes are intended to align with its turnaround plan and provide financial flexibility, and that it was in compliance with all covenants following the amendment. Management has described the business as being in a full turnaround, with a focus on product, brand positioning, and distribution.

Corporate identity and operations

Sleep Number Corporation is incorporated in Minnesota and files periodic reports with the U.S. Securities and Exchange Commission. It trades on the Nasdaq under the ticker symbol SNBR. The company identifies itself as a wellness technology and sleep wellness company within the broader upholstered household furniture manufacturing industry, reflecting the combination of physical products and data-driven sleep technology in its operations.

Across its public statements, Sleep Number highlights:

  • A focus on personalized sleep and improving health and wellbeing through higher quality sleep.
  • A smart bed ecosystem that integrates adjustable comfort, temperature control, and sleep and health insights.
  • A vertically integrated, exclusive direct-to-consumer model through stores and online channels.
  • Use of extensive sleep data and research collaborations to support its product and wellness claims.
  • Ongoing efforts to streamline operations, manage costs, and execute a turnaround strategy supported by amended credit agreements.

Stock Performance

$0.1250
No recent trading
Last close: June 22, 2026
-98.3%
1 year to June 22, 2026

Sleep Number Corporation (SNBR) closed at $0.1250 on June 22, 2026. In the 12 months to June 22, 2026, the price lost 98.3%.

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SNBR Metrics & Rankings

Price returns through June 22, 2026. Month and year figures include the first trading day. Ranking links may use different dates.

Financial Highlights

Sleep Number Corporation generated $1.4B in revenue in FY2026, retaining a 59.0% gross margin, operating income reached -$46.6M (-3.3% operating margin), and net income was -$132.0M, reflecting a -9.3% net profit margin. Diluted earnings per share stood at -$5.77. The company generated -$3.3M in operating cash flow. The current ratio was 0.15, measuring current assets divided by current liabilities.

$1.4B
Revenue (FY2026)
-$132.0M
Net Income (FY2026)
-$3.3M
Operating Cash Flow

Upcoming Events

DEC
15
December 15, 2026 Corporate

RSU vesting 1st installment

One-third of 69,742 RSUs vest; subject to continued employment.
MAR
16
March 16, 2027 - March 16, 2029 Corporate

Time-vested RSUs vesting

66,965 RSUs to vest in three equal annual installments to CFO Amy O'Keefe
DEC
15
December 15, 2027 Corporate

RSU vesting 2nd installment

One-third of 69,742 RSUs vest; subject to continued employment.
DEC
15
December 15, 2028 Corporate

RSU vesting 3rd installment

One-third of 69,742 RSUs vest; subject to continued employment.
MAR
16
March 16, 2029 Corporate

Performance PSU vesting

Up to 178,572 PSUs vest after three years based on fiscal 2026–2028 performance

Sleep Number Corporation has 5 upcoming scheduled events. The next event, "RSU vesting 1st installment", is scheduled for December 15, 2026 (in 37 days). Investors can track these dates to stay informed about potential catalysts that may affect the SNBR stock price.

Short Interest History

Last 12 Months

Short interest in Sleep Number Corporation (SNBR) currently stands at 5.2 million shares, down 15.3% from the previous reporting period. Since November 2025, short interest has decreased by 22.9%.

Days to Cover History

Last 12 Months

Days to cover for Sleep Number Corporation (SNBR) currently stands at 1.0 days, down 73.8% from the previous period. The ratio is the reported short interest divided by the average daily trading volume. Since November 2025, the figure has decreased by 83.4%. Across the settlements charted above, it has ranged from 1.0 to 10.4 days.

SNBR Company Profile & Sector Positioning

Sleep Number Corporation (SNBR) operates in the Furnishings, Fixtures & Appliances industry within the broader Consumer Cyclical sector and is listed on the NASDAQ.

Investors comparing SNBR often look at related companies in the same sector, including La-Z-Boy Incorporated (LZB), Purple Innovation, Inc. (PRPL), Aterian, Inc. (ATER), Somnigroup International Inc. (SGI), and MillerKnoll, Inc. (MLKN). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate SNBR's relative position within its industry.

Frequently Asked Questions

Sleep Number Corporation (SNBR) has no recent trading. Its last close was $0.1250 on June 22, 2026.

The FY2026 revenue of Sleep Number Corporation (SNBR) is $1.4B, from its most recent completed fiscal year.

The FY2026 net income of Sleep Number Corporation (SNBR) is -$132.0M, from its most recent completed fiscal year.

The diluted earnings per share (EPS) of Sleep Number Corporation (SNBR) is -$5.77 for FY2026, its most recent completed fiscal year. Learn more about EPS .

The operating cash flow of Sleep Number Corporation (SNBR) is -$3.3M for FY2026, its most recent completed fiscal year. Learn about cash flow.

The net profit margin of Sleep Number Corporation (SNBR) is -9.3% for FY2026, its most recent completed fiscal year. Learn about profit margins.

The operating profit margin of Sleep Number Corporation (SNBR) is -3.3% for FY2026, its most recent completed fiscal year. Learn about operating margins.

The gross profit margin of Sleep Number Corporation (SNBR) is 59.0% for FY2026, its most recent completed fiscal year. Learn about gross margins.

The current ratio of Sleep Number Corporation (SNBR), current assets divided by current liabilities, was 0.15 at the end of FY2026, its most recent completed fiscal year. Learn about liquidity ratios.

The gross profit of Sleep Number Corporation (SNBR) is $833.0M for FY2026, its most recent completed fiscal year.

The operating income of Sleep Number Corporation (SNBR) is -$46.6M for FY2026, its most recent completed fiscal year. Learn about operating income.

Sleep Number Corporation’s core business is designing, manufacturing, marketing, and selling sleep solutions focused on personalized sleep wellness. Its offerings include smart beds, mattresses, adjustable bases, bedding, pillows, and furniture, with an emphasis on adjustable firmness, pressure-relieving support, and temperature-balancing comfort.

Sleep Number generates revenue by selling its products directly to consumers through its own channels. The company describes a vertically integrated, exclusive, direct-to-consumer model that includes Sleep Number stores, its online platform, and other direct channels such as phone and chat.

According to the company, Sleep Number’s products differ from traditional mattresses by offering adjustable firmness, pressure-relieving support, and temperature-balancing comfort. Its smart bed ecosystem also provides personalized sleep and health insights based on data collected from sleepers, aiming to adapt to changing needs over time.

The smart bed ecosystem is described by Sleep Number as a combination of dynamic, adjustable beds and a platform that delivers personalized sleep and health insights. It relies on longitudinal sleep data gathered from customers and is designed to provide adjustable and effortless sleep as part of a broader sleep wellness platform.

Sleep Number reports that it has accumulated tens of billions of hours of longitudinal sleep data. The company states that this data is used to generate personalized sleep and health insights for customers and to support research collaborations with global institutions focused on sleep and wellbeing.

ComfortMode is a mattress introduced by Sleep Number as part of a simplified product offering aimed at reaching a larger segment of the market. It is described as the company’s most comfortable mattress at a sub-$1,600 price point, offering firmness adjustability and temperature-balancing benefits without requiring an app or connectivity, and serving as a new entry point to the brand.

Sleep Number uses an exclusive direct-to-consumer distribution strategy. Its products are available only through Sleep Number stores and its online platform, rather than through third-party retailers. The company states that this approach supports quality, durability, and customer care across the entire customer experience.

In SEC filings, Sleep Number describes entering into a Twelfth Amendment to its credit and security agreement, which extends the maturity date, adjusts the size of the revolving credit facility, modifies leverage and liquidity covenants, and revises interest and fee structures. The company states that these changes are intended to align with its turnaround plan and provide financial flexibility, and that it was in compliance with all covenants following the amendment.

Sleep Number states that it is the Official Sleep + Wellness Partner of the NFL. The company describes this relationship as involving player health data, team partnerships, and league-wide initiatives that help amplify brand awareness and engage consumers around sleep and wellness.

Sleep Number describes itself as a sleep wellness and wellness technology company, while also being classified in the upholstered household furniture manufacturing industry. This reflects its combination of physical products such as mattresses, bases, and furniture with data-driven sleep technology and a smart bed ecosystem.