SGI · 10-K filed 27 Feb 2026 · year to 31 Dec 2025

Somnigroup International

28 named things its latest annual report says its results depend on, each in the company's own words. 19 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Suppliers

Key foam and spring component suppliers (U.S. and Canada)

depends on · the majority of our requirementsnamed as a risk

In the U.S. and Canada, we source the majority of our requirements for polyurethane foam components and spring components for our Sealy and Stearns & Foster mattress units from key suppliers for each component.Business (Item 1)

Adjustable bed base and foundation suppliers

depends onnamed as a risk

These are purchased under supply agreements from a limited number of key suppliers.Business (Item 1)

Partners and platforms

Sealy licensees

earns from · $39.5 million

For the year ended December 31, 2025, our licensing activities generated royalty and franchise revenue of $39.5 million.Business (Item 1)

Other companies

Labor unions

Approximately 14.7% of our employeesnamed as a risk

Approximately 14.7% of our employees are represented by various labor unions with separate collective bargaining agreements or government labor union contracts for certain international locations.Risk factors (Item 1A)

Also named by ECG, EME, HCA, JLL, LUV, MAR, NSC, NYT and 2 more

Mattress Firm

approximately $5.1 billionnamed as a risk

The total purchase price was approximately $5.1 billion, net of cash acquired of $0.3 billion.Business (Item 1)

Places

Outside the United States

earns from · Approximately 20.6% of our net salesnamed as a risk

Approximately 20.6% of our net sales were generated outside of the U.S. in 2025.Risk factors (Item 1A)

Also named by APD, ARW, BALL, CCK, COO, GGG, GIS, HPE and 10 more

United States

concentrated in · over 2,100 stores

Our Mattress Firm segment consists of retail stores and distribution centers located in the U.S.Business (Item 1)

Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more

United Kingdom

operates in · over 200 brick-and-mortar stores

In addition to operating over 200 brick-and-mortar stores and an e-commerce channel throughout the U.K., Dreams also manufacturers the majority of the bedding products it sells in-house.Business (Item 1)

Also named by AGX, AJG, AMP, BAC, BF/B, BGC, BRO, C and 59 more

China

depends onnamed as a risk

These products are dependent on components supply chains originating in China.Business (Item 1)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Red Sea

depends onnamed as a risk

Geopolitical developments, such as trade wars, the war in Ukraine conflicts in the Middle East (including disruptions to the Red Sea passage), have adversely impacted and could continue to adversely impact, among other things, our raw material, energy and transportation costs, certain of our suppliers, distributors, customers and local markets, global and local macroeconomic conditions and cause further supply chain disruptions (including by delaying the delivery times of raw materials needed for our business or our products to customers).Risk factors (Item 1A)

Also named by BBY, DDS, DLTR, EQIX, PVH, SHW, TJX

Commodities and inputs

Euro

exposed to its price · approximately 1.1%named as a risk

In 2025, foreign currency exchange rate changes negatively impacted our net income by approximately 1.1% and negatively impacted adjusted EBITDA, which is a non-GAAP financial measure, by approximately 0.4%.Risk factors (Item 1A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Secured Overnight Financing Rate (SOFR)

exposed to its price · $3,006.7 millionnamed as a risk

As of December 31, 2025, the value of our variable-rate debt was $3,006.7 million.Market risk (Item 7A)

Also named by ABR, ADBE, AGM, AMG, ARCC, BCSF, BRO, CAT and 21 more

Danish krone

exposed to its price · $150.0 million

During the year ended 2025, we converted $150.0 million of our 4.00% fixed-rate USD-denominated 2029 Senior Notes, including the semi-annual interest payments thereunder, to fixed-rate DKK denominated debt at rate of 1.9809%.Market risk (Item 7A)

Also named by D, WPC

Steel

exposed to its pricenamed as a risk

Given the significance of the cost of these materials to our products, volatility in the prices of the underlying commodities has and will significantly affect profitability.Risk factors (Item 1A)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Polyurethane foam

exposed to its pricenamed as a risk

The bedding industry is subject to volatility in the price of petroleum-based and steel products, which affects the cost of polyurethane foam, polyester and steel innerspring component parts.Risk factors (Item 1A)

Also named by LZB

Regulators

Federal Trade Commission (FTC)

subject tonamed as a risk

We, and our products, are subject to extensive regulation in the U.S. by various federal, state and local regulatory authorities, including the Federal Trade Commission ("FTC"), the Consumer Product Safety Commission ("CPSC") and the U.S. Food and Drug Administration, and by similar international regulatory regimes, including the EU's General Product Safety Regulation.Risk factors (Item 1A)

Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more

U.S. Consumer Product Safety Commission (CPSC)

subject tonamed as a risk

The U.S. Consumer Product Safety Commission ("CPSC") has adopted rules relating to fire retardancy standards for the mattress industry.Business (Item 1)

Also named by ASO, AXON, BBW, CHD, DORM, GNRC, HAS, KVUE and 8 more

Laws and programs

Multi-employer pension plans (Red Zone)

less than 65.0%named as a risk

We participate in several plans which are in the Red Zone for 2025.Risk factors (Item 1A)

Also named by J, KR

Mattress Firm acquisition floor slot commitment

subject to · 43% of horizontal premium ($1,500+) floor slotsnamed as a risk

Failure to comply with this commitment could result in legal or administrative proceedings, such as regulatory action or private litigation, and could harm our business, reputation and financial condition.Risk factors (Item 1A)

U.S. tariffs on imports

subject tonamed as a risk

In particular, the imposition of new tariffs or increases in existing tariffs on products imported from countries where our suppliers operate increase the costs for raw materials and finished goods.Risk factors (Item 1A)

Also named by AAP, ABT, ALLY, ATR, AZO, BBW, BWA, CMG and 19 more

California Proposition 65

subject tonamed as a risk

We are subject to various health and environmental provisions, such as California Proposition 65 (the Safe Drinking Water and Toxic Enforcement Act of 1986) and in our international jurisdictions we are subject to the medical devices regulatory authorities such as the Medicines and Healthcare products Regulatory Agency ("MHRA") and the International Chamber of Commerce Advertising and Marketing Communications Code.Risk factors (Item 1A)

Also named by ARE, CELH, ECL, KDP, KO, LKQ, MKC, MNST and 3 more

REACH

subject tonamed as a risk

We are subject to laws and regulations both in the U.S. and internationally, relating to pollution, recycling, environmental protection and occupational health and safety, such as the Federal Water Pollution Control Act, and Registration, Evaluation, Authorization and Restriction of Chemicals ("REACH"), amongst others.Risk factors (Item 1A)

Also named by CTVA, OLN, PRM, RPM

U.K. Product Regulation and Metrology Act 2025

subject tonamed as a risk

In July 2025, the U.K. government published a new framework law on product regulation, the Product Regulation and Metrology Act 2025, which provides for further detailed regulations to be enacted which may have a similar impact.Business (Item 1)

U.K. furniture fire safety regulations

subject tonamed as a risk

For example, the U.K. is in the process of a major reform of furniture fire safety regulations which would include measures to reduce the use of chemical fire retardants.Business (Item 1)

EU AI Act

subject to

The law places risk and technology-based obligations on companies deploying AI in their operations, such as ours.Business (Item 1)

Also named by ACN, ADBE, AMD, AXON, CGNX, CRM, CRWD, CTSH and 36 more

EU General Product Safety Regulation

subject to

For example, the European Union's General Product Safety Regulation, which came into force on December 13, 2024, required us to make changes to the way in which our products are labeled and to add product safety and manufacturer information to all of our online product listings.Business (Item 1)

Also named by ETSY

State mattress recycling fee laws

subject to

Additionally, California, Connecticut, Oregon and Rhode Island have all enacted laws requiring the collection of fees to help facilitate the recycling of mattresses discarded in their states.Business (Item 1)

Technology

Tempur material trade secret

named as a risk

However, the principal product formula and manufacturing processes for our Tempur® material are not patented and we must maintain these as trade secrets in order to protect this intellectual property.Risk factors (Item 1A)