Sleep Number CorpSNBREarnings & Financial Report
Sleep Number Corporation is an American manufacturer that makes the Sleep Number and Comfortaire beds as well as foundations and bedding accessories. The company is based in Minneapolis, Minnesota. In addition to its Minnesota headquarters, Sleep Number has manufacturing and distribution facilities in South Carolina and Utah.
Revenue
$408.4M
Gross Profit
$241.5M
Operating Profit
$6.1M
Net Profit
$-5.1M
Gross Margin
59.1%
Operating Margin
1.5%
Net Margin
-1.2%
YoY Growth
-11.0%
EPS
$-0.22
Sleep Number Corp Q2 FY2024 Financial Summary
Sleep Number Corp reported revenue of $408.4M (down 11.0% YoY) for Q2 FY2024, with a net profit of $-5.1M (down 769.9% YoY) (-1.2% margin). Cost of goods sold was $166.9M, operating expenses totaled $235.4M.
Key Financial Metrics
| Total Revenue | $408.4M |
|---|---|
| Net Profit | $-5.1M |
| Gross Margin | 59.1% |
| Operating Margin | 1.5% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Sleep Number Corp Q2 FY2024 revenue of $408.4M breaks down across 2 segments, led by Retail Channel at $358.6M (87.8% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Retail Channel | $358.6M | 87.8% |
| Online Phone Chat And Other | $49.8M | 12.2% |
Sleep Number Corp Revenue by Segment — Quarterly Trend
Sleep Number Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Retail Channel and Online Phone Chat And Other) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Retail Channel | — | $301.2M | $288.0M | $344.4M |
| Online Phone Chat And Other | — | $41.7M | $40.0M | $48.8M |
Sleep Number Corp Annual Revenue by Year
Sleep Number Corp annual revenue history includes year-by-year totals (for example, 2024 revenue was $1.7B).
| Year | Annual Revenue |
|---|---|
| 2024 | $1.7B |
| 2023 | $1.9B |
| 2022 | $2.1B |
| 2021 | $2.2B |
Sleep Number Corp Quarterly Revenue & Net Profit History
Sleep Number Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $347.4M | -7.8% | $-58.5M | -16.8% |
| Q3 FY2025 | $342.9M | -19.6% | $-39.8M | -11.6% |
| Q2 FY2025 | $327.9M | -19.7% | $-25.0M | -7.6% |
| Q1 FY2025 | $393.3M | -16.4% | $-8.6M | -2.2% |
| Q4 FY2024 | $376.8M | -12.3% | $-4.7M | -1.2% |
| Q3 FY2024 | $426.6M | -9.7% | $-3.1M | -0.7% |
| Q2 FY2024 | $408.4M | -11.0% | $-5.1M | -1.2% |
| Q1 FY2024 | $470.4M | -10.7% | $-7.5M | -1.6% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $470.4M | $408.4M | $426.6M | $376.8M | $393.3M | $327.9M | $342.9M | $347.4M |
| YoY Growth | -10.7% | -11.0% | -9.7% | -12.3% | -16.4% | -19.7% | -19.6% | -7.8% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $908.5M | $883.6M | $864.7M | $860.8M | $836.8M | $804.5M | $749.4M | $680.1M |
| Liabilities | $1.35B | $1.33B | $1.31B | $1.31B | $1.29B | $1.29B | $1.27B | $1.26B |
| Equity | $-445.9M | $-447.0M | $-448.8M | $-451.6M | $-456.8M | $-480.7M | $-521.3M | N/A |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|
| Operating CF | $33.7M | $-10.2M | $27.3M | $-23.7M | $-2.6M | $3.8M | $-6.4M |