{ "ok": true, "cik": "827187", "ticker": "SNBRQ", "name": "SLEEP NUMBER CORPORATION", "filings": [ { "form": "8-K", "filed": "2026-08-03", "items": [ "2.01 Completion of Acquisition or Disposition of Assets", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/827187/000095010326011603/0000950103-26-011603-index.htm" }, { "form": "8-K", "filed": "2026-07-23", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/827187/000095010326011104/0000950103-26-011104-index.htm" }, { "form": "8-K", "filed": "2026-06-17", "items": [ "3.01 Notice of Delisting or Failure to Satisfy a Listing Rule" ], "url": "https://www.sec.gov/Archives/edgar/data/827187/000082718726000053/0000827187-26-000053-index.htm" }, { "form": "8-K", "filed": "2026-06-16", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/827187/000095010326009081/0000950103-26-009081-index.htm" }, { "form": "8-K", "filed": "2026-06-12", "items": [ "1.01 Entry into a Material Definitive Agreement", "1.03 Bankruptcy or Receivership", "2.04 Triggering Events That Accelerate a Financial Obligation", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/827187/000095010326008891/0000950103-26-008891-index.htm" }, { "form": "8-K", "filed": "2026-06-10", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/827187/000082718726000050/0000827187-26-000050-index.htm" } ], "events12m": 19, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "1.03", "label": "Bankruptcy or receivership", "count": 1, "latest": { "filed": "2026-06-12", "url": "https://www.sec.gov/Archives/edgar/data/827187/000095010326008891/0000950103-26-008891-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-06-17", "url": "https://www.sec.gov/Archives/edgar/data/827187/000082718726000053/0000827187-26-000053-index.htm" } }, { "code": "2.04", "label": "Debt accelerated or triggered", "count": 1, "latest": { "filed": "2026-06-12", "url": "https://www.sec.gov/Archives/edgar/data/827187/000095010326008891/0000950103-26-008891-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 7, "latest": { "filed": "2026-06-10", "url": "https://www.sec.gov/Archives/edgar/data/827187/000082718726000050/0000827187-26-000050-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000827187.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=827187" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up SLEEP NUMBER CORPORATION ($SNBRQ). Last filing: 8-K (2.01 Completion of Acquisition or Disposition of Assets), 2026-08-03. 19 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2026-01-03", "revenue": 1411450000, "revenueGrowth1y": -0.16099782677959174, "revenueGrowthPerYear": -0.10335422407351913, "yearsOfData": 5, "operatingMargin": -0.03301002515144001, "operatingMarginPrior": 0.013595704917565041, "netMargin": -0.09349109072230685, "operatingCashFlow": -3283000, "capitalSpending": 14407000, "freeCashFlow": -17690000, "researchAndDevelopment": 33942000, "researchShareOfRevenue": 0.024047610613199193, "cash": 1693000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2022-01-01", "revenue": 2184949000 }, { "fiscalYearEnd": "2022-12-31", "revenue": 2114297000 }, { "fiscalYearEnd": "2023-12-30", "revenue": 1887482000 }, { "fiscalYearEnd": "2024-12-28", "revenue": 1682296000 }, { "fiscalYearEnd": "2026-01-03", "revenue": 1411450000 } ], "totalEquity": -578475000, "totalAssets": 680060000, "equityRatio": -0.8506234743993177, "returnOnEquity": null, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -5.77, "sharesOutstanding": 22883000, "bookValuePerShare": -25.279683607918543, "revenuePerShare": 61.68116068697286, "range80": { "low": 996251323.6583219, "high": 1400470887.6383748, "baseline": 1208891987.2190313, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5714285714285714, "growthYears": 5, "ownVolatility": 0.1318304618380911, "classVolatility": 0.07701947805587882, "volatility": 0.11168391793282222 }, "ifPaceHeld": { "low": 996251323.6583219, "high": 1400470887.6383748 } }, "edgarette": "🔖 Exposure: revenue $1.4B (FY2026). Experience: revenue down 16.1% on the year, down 10.3% a year over 4 years; operating margin -3.3%, down from 1.4%. Soundness: equity -85.1% of assets (liabilities exceed assets). Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $996.3M and $1.4B next year (method v4.1: its own 5-year record of growth weighed at 57% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $879.7M to $1.6B. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, its industry group): operating margin -3.3% against a 4.3% median; growth -16.1% against 1.1%.", "peers": { "sic": 2510, "sicDescription": "Household Furniture", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "251", "growth": [ 0.0105, 10 ], "opMargin": [ 0.0435, 9 ], "equityRatio": [ 0.4337, 9 ] }, "summary": "Sleep Number (SNBRQ) saw revenue fall 16.1% in FY2026 to $1.4 billion, operating margin -3.3% against a 4.3% median for household furniture, equity -85.1% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
SLEEP NUMBER CORPORATION against its own record and its peers
Operating marginPeer median 4.3%-3.3%Revenue, on the yearPeer median 1.1%-16.1%Equity of assetsPeer median 43.4%-85.1%Gold tick: the median of 9–9 peers with $50M+ revenue in household furniture
", "chartHorizon": null, "backtest": { "tests": 13, "hits": 10, "rate": 0.7692307692307693, "method": "v4", "byYear": { "2013": [ 0, 1 ], "2015": [ 1, 1 ], "2016": [ 2, 2 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 0, 2 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T20:40:28.897Z", "hash": "27d2bff1acd78786", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Sleep Number (SNBRQ) saw revenue fall 16.1% in FY2026 to $1.4 billion, operating margin -3.3% against a 4.3% median for household furniture, equity -85.1% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2026-01-03", "revenue": 1411450000, "totalDebt": null, "cash": 1693000 }, "experience": { "revenueGrowth1y": -0.16099782677959174, "revenueGrowthPerYear": -0.10335422407351913, "operatingMargin": -0.03301002515144001, "operatingMarginPrior": 0.013595704917565041, "netMargin": -0.09349109072230685, "freeCashFlow": -17690000 }, "soundness": { "equityRatio": -0.8506234743993177, "returnOnEquity": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 2510, "sicDescription": "Household Furniture", "calendarYear": 2025, "minRevenue": 50000000, "depth": 3, "group": "251", "growth": [ 0.0105, 10 ], "opMargin": [ 0.0435, 9 ], "equityRatio": [ 0.4337, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "1.03", "label": "Bankruptcy or receivership", "count": 1, "latest": { "filed": "2026-06-12", "url": "https://www.sec.gov/Archives/edgar/data/827187/000095010326008891/0000950103-26-008891-index.htm" } }, { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2026-06-17", "url": "https://www.sec.gov/Archives/edgar/data/827187/000082718726000053/0000827187-26-000053-index.htm" } }, { "code": "2.04", "label": "Debt accelerated or triggered", "count": 1, "latest": { "filed": "2026-06-12", "url": "https://www.sec.gov/Archives/edgar/data/827187/000095010326008891/0000950103-26-008891-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 7, "latest": { "filed": "2026-06-10", "url": "https://www.sec.gov/Archives/edgar/data/827187/000082718726000050/0000827187-26-000050-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 996251323.6583219, "high": 1400470887.6383748, "baseline": 1208891987.2190313, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.571, "growthYears": 5, "ownVolatility": 0.1318304618380911, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.11168391793282222, "k": 3 }, "stress": { "low": 879736714.106629, "high": 1586143372.3276541, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 13, "hits": 10, "rate": 0.7692307692307693, "method": "v4", "byYear": { "2013": [ 0, 1 ], "2015": [ 1, 1 ], "2016": [ 2, 2 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2021": [ 1, 1 ], "2022": [ 0, 2 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-27T20:40:28.897Z", "hash": "27d2bff1acd78786", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000827187.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=827187" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.0023, "growth3y": -0.126, "volatility": 0.0585, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.8506, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns -0.2% of revenue into operating cash; revenue shrinking 12.6% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $1B-10B companies: 6th percentile for cash, 4th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 6, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed bankruptcy or receivership, debt accelerated or triggered in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "cash", "text": "operating cash flow was negative" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2026-01-03", "operating": -3283000, "investing": -17687000, "financing": 20713000, "capitalSpending": 14407000, "free": -17690000, "trend": [ { "fiscalYearEnd": "2022-01-01", "operating": 300010000, "free": 233110000 }, { "fiscalYearEnd": "2022-12-31", "operating": 36138000, "free": -33316000 }, { "fiscalYearEnd": "2023-12-30", "operating": -9028000, "free": -66084000 }, { "fiscalYearEnd": "2024-12-28", "operating": 27143000, "free": 3638000 }, { "fiscalYearEnd": "2026-01-03", "operating": -3283000, "free": -17690000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-01-03", "cash": 1693000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 680060000, "ladder": null, "currentRatio": 0.16, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.0023, "growth3y": -0.126, "volatility": 0.0585, "paysDividend": false, "raisedDividend": false, "equityRatio": -0.8506, "quadrant": { "code": "ss", "label": "Slow and steady", "plain": "growing slower than its size class, with steadier revenue" }, "compass": { "code": "between", "inside": "Turns -0.2% of revenue into operating cash; revenue shrinking 12.6% a year over three years; no common dividend; liabilities exceed assets.", "outside": "Among $1B-10B companies: 6th percentile for cash, 4th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 6, "growthPctInClass": 4, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "warning", "text": "filed bankruptcy or receivership, debt accelerated or triggered in the last 12 months" }, { "key": "balance", "text": "liabilities exceed assets (often from years of share buybacks, not always distress)" }, { "key": "cash", "text": "operating cash flow was negative" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 3, "name": "Old boat", "plain": "three warning signs" }, "cashFlow": { "fiscalYearEnd": "2026-01-03", "operating": -3283000, "investing": -17687000, "financing": 20713000, "capitalSpending": 14407000, "free": -17690000, "trend": [ { "fiscalYearEnd": "2022-01-01", "operating": 300010000, "free": 233110000 }, { "fiscalYearEnd": "2022-12-31", "operating": 36138000, "free": -33316000 }, { "fiscalYearEnd": "2023-12-30", "operating": -9028000, "free": -66084000 }, { "fiscalYearEnd": "2024-12-28", "operating": 27143000, "free": 3638000 }, { "fiscalYearEnd": "2026-01-03", "operating": -3283000, "free": -17690000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-01-03", "cash": 1693000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 680060000, "ladder": null, "currentRatio": 0.16, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }