Sleep Cycle (SLEEP)

Sleep Cycle operates in the technology sector, focusing on sleep tracking and wellness. The company develops and markets a mobile application that analyzes sleep patterns and provides intelligent wake-up functionality to help users improve sleep quality and overall well-being. Founded in 2001 and headquartered in Gothenburg, Sweden, Sleep Cycle serves a global customer base with key presence in Europe, North America, and Asia.

LATEST RESEARCH & COMMENTS

Sleep Cycle (SLEEP)

Research Note

Sleep Cycle (SLEEP): Taking the L

Kristoffer Lindström

Feb 4, 2026

The company is not moving in the direction we would advise, and therefore we take the loss.

Sleep Cycle (SLEEP)

Research Comment

Sleep Cycle (SLEEP): Major SDK Licensing Deal Announced

Kristoffer Lindström

Dec 18, 2025

Lind comments on the SDK licensing deal and how it aligns with our long-term investment thesis.

Sleep Cycle (SLEEP)

Research Comment

Sleep Cycle (SLEEP): Diversification Gaining Momentum, but Capital Allocation Now Critical - Earnings comment

Kristoffer Lindström

Oct 24, 2025

Sleep Cycle’s Q3 confirms steady progress in its transition from a pure subscription model to a broader sleep-tech platform. Partner revenue surged 55% YoY and now represents 11% of total sales, offsetting part of the continued subscriber decline. Despite high margins, a cash-rich balance sheet, and EV/EBIT below 6x, the market still prices in structural decline. We believe sentiment can only shift through decisive capital deployment—particularly buybacks—to signal management’s confidence and unlock the clear valuation gap.

Sleep Cycle (SLEEP)

Research Report

Portfolio Memo

Sleep Cycle (SLEEP): Wake-up Call - Conviction Case

Kristoffer Lindström

Sep 30, 2025

We are releasing a Conviction case on Sleep Cycle (SLEEP), a market-leading sleep technology company listed on Nasdaq Stockholm Small Cap.

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Sleep Cycle (SLEEP)

LATEST RESEARCH & COMMENTS

Sleep Cycle (SLEEP): Taking the L

Sleep Cycle (SLEEP): Major SDK Licensing Deal Announced

Sleep Cycle (SLEEP): Diversification Gaining Momentum, but Capital Allocation Now Critical - Earnings comment

Sleep Cycle (SLEEP): Wake-up Call - Conviction Case

Sleep Cycle (SLEEP): Taking the L

Sleep Cycle (SLEEP): Major SDK Licensing Deal Announced

Sleep Cycle (SLEEP): Diversification Gaining Momentum, but Capital Allocation Now Critical - Earnings comment

Sleep Cycle (SLEEP): Wake-up Call - Conviction Case

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