Home / Going-concern warnings / Sleep Number Corp

5/5Sleep Number Corp (SNBR): Going-concern doubt

Filed 2026-03-12 路 Form 10-K 路 Accession 0000827187-26-000014 micro

Market data

Price before filing: $4.59 (2026-03-11 close, split/dividend-adjusted)
Market cap at flag: $84.4M (2026-03-12) 路 Latest: $609,500 (2026-07-17)

What happened next

WindowSNBRSPYvs SPY
30 days-63.0%+1.7%-64.7%2026-04-13
90 days-83.8%+7.6%-91.4%2026-06-10
180 daysn/an/an/ano price after 2026-07-17

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Verified excerpt

"As discussed in Note 1 to the financial statements, the Company is projecting noncompliance with future debt covenants, and lack of liquidity that raise substantial doubt about its ability to continue as a going concern."

Quoted from the filing. Source

What this means

The filing states that substantial doubt exists about the company's ability to continue as a going concern: it may not have enough cash to last the next 12 months. Expect dilution, debt deals or worse. An auditor's going-concern paragraph is the strongest form of this warning.

Source: independent auditor report in Form 10-K (period 2026-01-03)

Why this score: in auditor's report

Read the original filing on SEC.gov →

Not investment advice. Automated summary; verify against the filing.

Get the weekly "Red Flags" newsletter

The week's most serious auditor changes, restatements, late filings and going-concern warnings, in plain English. Free. Unsubscribe anytime.

Newsletter delivered by beehiiv. See our privacy policy.