Consumer Cyclical · Furnishings, Fixtures & Appliances
Price
$1.77
Market Cap
$40.8M
Employees
3,600
Beta
2.72
Avg Volume
2,568,203
CEO
Linda A. Findley
Business Description
Sleep Number Corporation, together with its subsidiaries, offers sleep solutions and services in the United States. The company designs, manufactures, markets, retails, and services beds, pillows, sheets, and other bedding products under the Sleep Number name. It also provides adjustable bases under the FlextFit, and smart beds under the Sleep Number 360 brands. The company sells its products directly to consumers through retail, online, phone, and chat as well as through its e-commerce activities. As of January 2, 2022, it operated approximately 648 retail stores in 50 states. The company was formerly known as Select Comfort Corporation and changed its name to Sleep Number Corporation in November 2017. Sleep Number Corporation was founded in 1987 and is headquartered in Minneapolis, Minnesota.
Business History
Price Overview
Last updated: May 14, 2026 3:13am (just now)$1.77
-0.13 (-6.84%)
Day Range
$1.71 – $1.95
52-Week Range
$1.06 – $13.94
50-Day MA
$2.75
200-Day MA
$6.72
Volume
1,101,910.00
Analyst Price Targets
Low
$2.00
Consensus
$2.00
High
$2.00
(10 analysts)
Share Structure
Outstanding
23,041,000.00
Float
18,635,860.00
Free Float
80.9%
High free float
— 80.9% of shares trade freely, ~19.1% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.31
Stock Price: $1.77
EPS (Diluted): -5.77
EPS (Diluted): -5.77
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
-0.34
Stock Price: $1.77
Total Equity: -$578.48M
Shares: 22,900,000
Total Equity: -$578.48M
Shares: 22,900,000
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
9.54
Market Cap: $40.78M
Total Debt: $588.20M
Cash: $1.69M
EBITDA: $57.31M
Total Debt: $588.20M
Cash: $1.69M
EBITDA: $57.31M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$1.1B
Market Cap: $40.78M
Total Debt: $588.20M
Cash: $1.69M
Total Debt: $588.20M
Cash: $1.69M
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
59.0%
Gross Profit: $832.95M
Revenue: $1.41B
Revenue: $1.41B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
0.3%
Operating Income: $4.11M
Revenue: $1.41B
Revenue: $1.41B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-9.3%
Net Income: -$131.96M
Revenue: $1.41B
Revenue: $1.41B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
22.4%
Net Income: -$131.96M
Total Equity: -$578.48M
Total Equity: -$578.48M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
21.4%
Operating Income: $4.11M
Tax Rate: -37.5%
Equity: -$578.48M
Total Debt: $588.20M
Cash: $1.69M
Tax Rate: -37.5%
Equity: -$578.48M
Total Debt: $588.20M
Cash: $1.69M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
0.16
Current Assets: $149.96M
Current Liabilities: $912.55M
Current Liabilities: $912.55M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
-1.02
Short-Term Debt: $588.20M
Long-Term Debt: $0.00
Total Debt: $588.20M
Total Equity: -$578.48M
Long-Term Debt: $0.00
Total Debt: $588.20M
Total Equity: -$578.48M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$61.64
Revenue: $1.41B
Shares: 22,900,000
Shares: 22,900,000
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$-25.26
Total Equity: -$578.48M
Shares: 22,900,000
Shares: 22,900,000
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$-0.77
Operating CF: -$3.28M
CapEx: -$14.41M
Shares: 22,900,000
CapEx: -$14.41M
Shares: 22,900,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $1.77
Stock Price: $1.77
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$131.96M
Net Income: -$131.96M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares SNBR against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: May 7, 2026 11:34am (6d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|---|---|---|---|---|
| Revenue | $2.2B | $2.1B | $1.9B | $1.7B | $1.4B |
| Cost of Revenue | $866.1M | $912.0M | $799.0M | $679.5M | $578.5M |
| Gross Profit | $1.3B | $1.2B | $1.1B | $1.0B | $833.0M |
| Operating Expenses | $1.1B | $1.1B | $1.1B | $979.9M | $828.8M |
| Operating Income | $193.5M | $67.9M | $22.9M | $22.9M | $4.1M |
| Net Income | $153.7M | $36.6M | -$15.3M | -$20.3M | -$132.0M |
| EBITDA | $253.9M | $135.3M | $95.3M | $89.2M | $57.3M |
| EPS | $6.40 | $1.63 | $-0.68 | $-0.90 | $-5.77 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: May 7, 2026 11:34am (6d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.4M | $1.8M | $2.5M | $2.0M | $1.7M |
| Total Current Assets | $207.6M | $197.8M | $206.1M | $181.3M | $150.0M |
| Total Assets | $919.5M | $953.9M | $950.9M | $860.8M | $680.1M |
| Current Liabilities | $906.8M | $929.8M | $936.1M | $908.0M | $912.5M |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.3B | $1.4B | $1.4B | $1.3B | $1.3B |
| Total Equity | -$425.0M | -$438.2M | -$441.9M | -$451.6M | -$578.5M |
| Retained Earnings | -$429.2M | -$443.6M | -$458.9M | -$479.2M | -$611.2M |
Cash Flow (Annual)
Last updated: May 7, 2026 11:34am (6d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | $300.0M | $36.1M | -$9.0M | $27.1M | -$3.3M |
| Capital Expenditure | -$66.9M | -$69.5M | -$57.1M | -$23.5M | -$14.4M |
| Free Cash Flow | $233.1M | -$33.3M | -$66.1M | $3.6M | -$17.7M |
| Acquisitions (net) | $0 | $49,000 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$382.4M | -$64.2M | -$3.7M | $-768,000 | -$1.2M |
| Net Change in Cash | -$1.9M | $-597,000 | $747,000 | $-589,000 | $-257,000 |
Analyst Estimates (Annual)
Last updated: May 14, 2026 3:13am (just now)| Metric | 2028 | 2029 | 2030 | 2031 |
|---|---|---|---|---|
| Revenue |
$1.4B $1.4B – $1.4B
|
$1.5B $1.5B – $1.5B
|
$1.5B $1.5B – $1.5B
|
$1.5B $1.5B – $1.6B
|
| EBITDA |
$92.9M $92.3M – $93.6M
|
$99.2M $98.8M – $99.6M
|
$97.8M $96.3M – $99.8M
|
$100.2M $98.7M – $102.3M
|
| Net Income |
$3.5M $2.0M – $5.0M
|
$16.1M $15.7M – $16.5M
|
$27.7M $27.2M – $28.5M
|
$34.6M $33.9M – $35.5M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: May 7, 2026 11:34am (6d ago)| Metric | 2022 | 2023 | 2024 | 2026 |
|---|---|---|---|---|
| Revenue Growth | -3.2% | -10.7% | -10.9% | -16.1% |
| Gross Profit Growth | -8.8% | -9.5% | -7.9% | -16.9% |
| Operating Income Growth | -64.9% | -66.2% | -0.3% | -82.1% |
| Net Income Growth | -76.2% | -141.8% | -33.0% | -549.0% |
| EBITDA Growth | -46.7% | -29.5% | -6.4% | -35.8% |
Insider Trading (Recent)
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-03-16 | Baker Kelly F. | A-Award | 2,233.00 | $0.00 | $0 |
| 2026-03-16 | Baker Kelly F. | F-InKind | 352.00 | $3.45 | $1,214 |
| 2026-03-16 | Baker Kelly F. | A-Award | 5,581.00 | $0.00 | $0 |
| 2026-03-16 | Barra Melissa | A-Award | 55,804.00 | $0.00 | $0 |
| 2026-03-16 | Barra Melissa | F-InKind | 5,557.00 | $3.45 | $19,172 |
| 2026-03-16 | Findley Linda | A-Award | 279,018.00 | $0.00 | $0 |
| 2026-03-16 | Hellfeld Samuel R | A-Award | 46,038.00 | $0.00 | $0 |
| 2026-03-16 | Hellfeld Samuel R | F-InKind | 6,172.00 | $3.45 | $21,293 |
| 2026-03-16 | Minson Amber | A-Award | 33,483.00 | $0.00 | $0 |
| 2026-03-16 | Krusmark Christopher D | A-Award | 33,483.00 | $0.00 | $0 |
| 2026-03-16 | Krusmark Christopher D | F-InKind | 3,166.00 | $3.45 | $10,923 |
| 2026-03-16 | Skogerboe Tanya C. | A-Award | 22,322.00 | $0.00 | $0 |
| 2026-03-16 | Skogerboe Tanya C. | F-InKind | 3,547.00 | $3.45 | $12,237 |
| 2026-03-16 | O'Keefe Amy K | A-Award | 66,965.00 | $0.00 | $0 |
| 2025-12-15 | O'Keefe Amy K | A-Award | 69,742.00 | $0.00 | $0 |
| 2025-12-08 | O'Keefe Amy K | 0.00 | $0.00 | $0 | |
| 2025-11-14 | Skogerboe Tanya C. | 0.00 | $0.00 | $0 | |
| 2025-11-04 | GULIS STEPHEN L JR | A-Award | 49,746.00 | $0.00 | $0 |
| 2025-09-05 | Krusmark Christopher D | F-InKind | 890.00 | $9.73 | $8,660 |
| 2025-08-15 | Lee Francis K | F-InKind | 2,671.00 | $10.68 | $28,526 |
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.207 · 22a3a690 · 2026-05-13 17:39:54