Sleep Number (SNBR) AI Stock Analysis

• Market Cap: $191.89M
• Dividend Yield: N/A
• Average Volume (3M): 702.55K
• Price to Earnings (P/E): ―
• Beta (1Y): 3.05
• Revenue Growth: -16.95%
• EPS Growth: -88.00%
• Country: US
• Employees: 3,600
• Sector: N/A
• Sector Strength: N/A
• Industry: Furnishings, Fixtures & Appliances
• EPS (TTM): -1.73
• Shares Outstanding: 22,790,000
• 10 Day Avg. Volume: 1,142,307
• 30 Day Avg. Volume: 702,550
• PEG Ratio: -0.52
• Price to Book (P/B): -0.76
• Price to Sales (P/S): 0.20
• P/FCF Ratio: 94.43
• Enterprise Value/Market Cap: 5.76
• Enterprise Value/Revenue: 0.77
• Enterprise Value/Gross Profit: 1.28
• Enterprise Value/Ebitda: 48.41
• 1Y Price Target: $6.00
• Price Target Upside: -5.81% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $7.50 ▲(17.74% Upside)

Sleep Number's overall stock score is primarily impacted by its challenging financial performance, characterized by declining revenues and profitability, and high financial leverage. While technical indicators suggest potential overbought conditions, recent corporate events and strategic initiatives provide some optimism for future improvement.

Sleep Number Business Overview & Revenue Model

Company Description

Sleep Number Corporation (SNBR) is a leading retailer of sleep solutions, specializing in innovative adjustable air mattresses and sleep-related products. Founded in 1987, the company operates predominantly in the home furnishings sector, offering a diverse range of products that include mattresses, bases, bedding accessories, and sleep tracking technology. Sleep Number is recognized for its commitment to enhancing sleep quality through personalized sleep experiences, leveraging advanced technology in their products to cater to individual preferences and needs.

How the Company Makes Money

Sleep Number generates revenue primarily through the sale of its customizable mattresses and related sleep products. The company's revenue model is centered around direct-to-consumer sales through its extensive network of retail stores and its e-commerce platform. Key revenue streams include the sale of mattresses, adjustable bases, bedding accessories, and smart sleep technology systems. Additionally, Sleep Number benefits from recurring revenue through the sale of replacement parts and accessories for their products. The company has also established partnerships with various health and wellness organizations to promote the importance of sleep health, which can drive brand awareness and customer loyalty, further contributing to its earnings.

Sleep Number Financial Statement Overview

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Income Statement
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Gross Profit
EBITDA
Net Income
Balance Sheet
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Cash, Cash Equivalents and Short-Term Investments
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Sleep Number Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.37
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNBR, the sentiment is Positive. The current price of 6.37 is below the 20-day moving average (MA) of 6.87, above the 50-day MA of 5.97, and below the 200-day MA of 7.47, indicating a bullish trend. The MACD of 0.87 indicates Negative momentum. The RSI at 71.15 is Negative, neither overbought nor oversold. The STOCH value of 76.87 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SNBR.

Sleep Number Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	―	―	―	―	―	―
LZB	77 Outperform	$1.62B	18.17	8.82%	2.29%	1.78%	-25.36%
LEG	68 Neutral	$1.51B	6.94	26.20%	1.80%	-6.03%	―
ETD	66 Neutral	$600.28M	12.78	9.96%	7.67%	-4.61%	-25.66%
MLKN	57 Neutral	$1.24B	-47.07	-1.95%	4.13%	4.34%	-141.36%
PRPL	50 Neutral	$80.87M	-1.42	-9999.00%	―	-9.47%	48.11%
SNBR	42 Neutral	$191.89M	-2.47	―	―	-16.95%	-88.00%

Sleep Number Corporate Events

Sleep Number Appoints New CFO Amid Strategic Shift

On December 2, 2025, Sleep Number Corporation announced the appointment of Amy K. O’Keefe as the new Chief Financial Officer, effective December 8, 2025, succeeding interim CFO Robert P. Ryder. O’Keefe brings over 30 years of experience in financial transformations across various sectors, and her appointment is part of Sleep Number’s strategy to stabilize and grow the business. The company also reaffirmed its full-year 2025 financial guidance and outlined a focused turnaround strategy in an updated investor presentation, emphasizing cost reductions, operational improvements, and financial flexibility.

Sleep Number Secures Credit Agreement Extension

Sleep Number Corporation announced on November 5, 2025, that it has secured an amendment and extension of its credit agreement through 2027, which aligns with its planned turnaround strategy. This updated agreement, reflecting increased covenant levels and expanded addbacks, demonstrates lender confidence and provides financial flexibility, supporting the company’s expectation to comply with new covenants and generate meaningful free cash flow in 2026.

Sleep Number Amends Credit Agreement, Extends Maturity Date

On November 4, 2025, Sleep Number Corporation executed a Twelfth Amendment to its Credit and Security Agreement, extending the maturity date to December 3, 2027, and adjusting various financial covenants and credit facilities. This amendment signifies a strategic financial restructuring for the company, ensuring compliance with all covenants and facilitating the retirement of Board member Stephen L. Gulis, Jr., who stepped down following the amendment’s qualification as a debt refinancing.