Sleep Number Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022	Jan '21 Jan 2, 2021
Revenue	1,441	1,682	1,887	2,114	2,185	1,857
Revenue Growth (YoY)	-16.95%	-10.87%	-10.73%	-3.23%	17.69%	9.31%
Cost of Revenue	575.63	679.52	798.95	912	866.1	700.56
Gross Profit	865.25	1,003	1,089	1,202	1,319	1,156
Selling, General & Admin	811.48	916.58	994.06	1,073	1,067	930.19
Research & Development	38.3	45.26	55.8	61.52	58.54	40.91
Operating Expenses	849.78	961.84	1,050	1,134	1,125	971.1
Operating Income	15.47	40.94	38.67	67.88	193.54	184.9
Interest Expense	-47.24	-48.37	-42.7	-18.99	-6.25	-9.02
Interest & Investment Income	-	-	-	-	-	0.1
EBT Excluding Unusual Items	-31.78	-7.43	-4.03	48.9	187.29	175.97
Merger & Restructuring Charges	-51.23	-18.07	-15.73	-	-	-
Pretax Income	-83.01	-25.5	-19.75	48.9	187.29	175.97
Income Tax Expense	-4.89	-5.16	-4.47	12.29	33.55	36.78
Net Income	-78.11	-20.33	-15.29	36.61	153.75	139.19
Net Income to Common	-78.11	-20.33	-15.29	36.61	153.75	139.19
Net Income Growth	-	-	-	-76.19%	10.46%	70.06%
Shares Outstanding (Basic)	23	23	22	22	24	28
Shares Outstanding (Diluted)	23	23	22	23	25	28
Shares Change (YoY)	1.10%	0.79%	-1.85%	-8.40%	-12.25%	-6.35%
EPS (Basic)	-3.42	-0.90	-0.68	1.63	6.40	5.03
EPS (Diluted)	-3.43	-0.90	-0.68	1.60	6.16	4.90
EPS Growth	-	-	-	-74.03%	25.71%	81.48%
Free Cash Flow	-47.02	3.64	-66.08	-33.32	233.11	242.56
Free Cash Flow Per Share	-2.06	0.16	-2.95	-1.46	9.34	8.53
Gross Margin	60.05%	59.61%	57.67%	56.87%	60.36%	62.27%
Operating Margin	1.07%	2.43%	2.05%	3.21%	8.86%	9.96%
Profit Margin	-5.42%	-1.21%	-0.81%	1.73%	7.04%	7.50%
Free Cash Flow Margin	-3.26%	0.22%	-3.50%	-1.58%	10.67%	13.06%
EBITDA	74.07	107.29	111.51	133.28	251.93	244.46
EBITDA Margin	5.14%	6.38%	5.91%	6.30%	11.53%	13.17%
D&A For EBITDA	58.6	66.35	72.84	65.4	58.39	59.56
EBIT	15.47	40.94	38.67	67.88	193.54	184.9
EBIT Margin	1.07%	2.43%	2.05%	3.21%	8.86%	9.96%
Effective Tax Rate	-	-	-	25.12%	17.91%	20.90%
Advertising Expenses	-	248	272	309	323	253

Source: S&P Global Market Intelligence. Standard template. Financial Sources.