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Financials · PRPL

Purple Innovation Inc. (PRPL) financials

For the twelve months ended Sep 30, 2026, Purple Innovation Inc. reported $431.19M of revenue and -$38.43M of net income.

Revenue, TTM
$431.19M
Revenue growth, YoY
-5.6%
Net income, TTM
-$38.43M
Net margin
-8.9%
Free cash flow, TTM
-$2.38M
Cash
$28.34M
P/S
0.02
Market cap
$7.9M
Annual revenue$468.73M
FY2017FY2025
Annual net income-$51.41M
FY2016FY2025
Annual free cash flow-$41.91M
FY2017FY2025

PRPL revenue and earnings growth

PRPL revenueQ3 2026$96.51M

Quarter YoY
-18.7%
QoQ
-1.8%
FY YoY
-3.9%
5Y CAGR
-6.3%

PRPL revenue was $96.51M in fiscal Q3 2026 (ended Sep 30, 2026), down 18.7% from a year earlier and down 1.8% from the prior quarter. For the full fiscal 2025 it was $468.73M, down 3.9% from fiscal 2024. Compound annual growth was -6.3% over 5 years. It rose in 4 of the last 8 fiscal years.

PRPL net incomeQ3 2026-$1.40M

PRPL net income was -$1.40M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$11.72M a year earlier. For the full fiscal 2025 it was -$51.41M, compared with -$97.90M in fiscal 2024.

PRPL EPSQ3 2026-$0.33

FY YoY
-47.3%

PRPL diluted EPS was -$0.33 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$2.71 a year earlier. For the full fiscal 2025 it was $0.48, down 47.3% from fiscal 2024.

PRPL free cash flowQ3 2026$5.34M

PRPL free cash flow was $5.34M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$1.82M a year earlier. For the full fiscal 2025 it was -$41.91M, compared with -$25.09M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$468.73M$487.88M$510.54M$573.20M$725.00M$648.47M$428.36M$285.79M$196.86M-
Cost of revenue$280.17M$306.75M$338.72M$365.11M$431.25M$343.37M$239.39M$173.19M$111.84M-
Gross profit$188.56M$181.13M$171.82M$208.09M$293.75M$305.10M$188.97M$112.60M$85.02M-
Research and development$9.60M$12.96M$11.90M$8.76M$6.94M$5.96M$3.86M$2.10M$1.39M-
Selling, general and admin$63.56M$69.12M$84.45M$76.70M$72.09M$39.92M$26.92M$23.58M$13.24M$2.66M
Operating income-$43.03M-$92.18M-$113.71M-$42.75M-$24.58M$71.23M$16.21M-$16.89M-$8.75M-$2.66M
Interest expense$28.77M$17.51M$1.97M$3.54M$1.87M$4.65M$5.18M$3.73M$81.0K-
Pre-tax income-$51.30M-$98.03M-$121.21M$120.45M$1.43M-$273.53M-$30.52M-$19.61M$1.21M-$2.33M
Income tax$207.0K$63.0K$8.0K$213.17M-$1.52M-$43.75M$400.0K-$406.0K-
Net income-$51.41M-$97.90M-$120.76M-$92.47M$3.11M-$236.87M-$22.57M-$4.32M-$8.82M-$2.33M
EPS, basic$0.48$0.91$1.17-$1.13$0.05-$6.04-$2.26-$0.51-$1.05-$0.49
EPS, diluted$0.48$0.91$1.17-$1.13-$0.31-$6.04-$2.26-$0.51-$1.05-$0.49
Diluted shares108.2M107.3M103.9M81.8M67.3M39.2M10.0M8.4M8,3894.8M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$24.34M$29.01M$26.86M$41.75M$91.62M$122.95M$33.48M$12.23M$3.59M$4.01M
Receivables$41.27M$33.06M$37.80M$34.57M$25.43M$29.11M$28.69M$10.24M$4.18M-
Inventory$59.73M$56.86M$66.88M$73.20M$98.69M$65.73M$47.63M$22.94M$13.35M-
Current assets$136.72M$126.37M$141.81M$161.46M$229.50M$229.07M$114.12M$47.70M$22.91M$278.0K
Goodwill-$6.90M-$4.90M------
Total assets$296.26M$307.85M$390.63M$433.33M$642.47M$554.73M$147.72M$71.71M$37.66M$155.82M
Current liabilities$101.52M$101.00M$110.98M$98.13M$142.01M$132.21M$86.86M$48.58M$41.21M$1.88M
Short-term debt-$55.39M$29.04M$23.66M$96.41M$2.00M----
Long-term debt--$26.91M$23.66M$96.41M$43.41M$35.40M$21.41M$8.00M-
Total debt$126.68M$70.68M$55.95M$47.31M$192.82M$45.42M$35.40M$21.41M$8.00M-
Total liabilities$325.93M$287.64M$275.02M$258.16M$495.93M$487.19M$176.26M$73.72M$51.58M$6.53M
Shareholders' equity-$29.69M$20.21M$115.61M$175.17M$145.62M$67.54M-$28.54M-$7.27M-$13.92M-$812.0K

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow-$33.83M-$17.85M-$54.66M-$28.77M-$30.90M$81.26M$22.88M-$21.66M$5.00M-$811.0K
Capital expenditures$8.08M$7.24M$14.39M$35.38M$53.94M$27.88M$10.46M$11.32M$7.58M-
Free cash flow-$41.91M-$25.09M-$69.05M-$64.15M-$84.84M$53.38M$12.42M-$32.98M-$2.58M-
Investing cash flow-$8.28M-$7.53M-$16.06M-$34.50M-$57.06M-$39.14M-$10.78M-$11.65M-$8.73M-
Financing cash flow$37.44M$27.53M$55.83M$13.41M$56.62M$47.36M$9.14M$41.95M$3.31M-
Dividends paid---$100.0K------
Share repurchases------$97.0K-$34.16M-
Stock-based compensation$1.73M$2.81M$4.88M$3.37M$3.37M$2.19M$10.06M$487.0K--
Depreciation and amortization$24.06M$35.35M$25.11M$17.49M$9.47M$7.90M$4.31M$2.19M$741.0K-

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-3.9%-4.4%-10.9%-20.9%11.8%51.4%49.9%45.2%--
EPS growth, YoY-47.3%-22.2%--------
Gross margin40.2%37.1%33.7%36.3%40.5%47.0%44.1%39.4%43.2%-
Operating margin-9.2%-18.9%-22.3%-7.5%-3.4%11.0%3.8%-5.9%-4.4%-
Net margin-11.0%-20.1%-23.7%-16.1%0.4%-36.5%-5.3%-1.5%-4.5%-
Free cash flow margin-8.9%-5.1%-13.5%-11.2%-11.7%8.2%2.9%-11.5%-1.3%-
Return on equity--484.4%-104.5%-52.8%2.1%-350.7%----
Return on assets-17.4%-31.8%-30.9%-21.3%0.5%-42.7%-15.3%-6.0%-23.4%-1.5%
Current ratio1.351.251.281.651.621.731.310.980.560.15
Debt to equity-3.500.480.271.320.67----

Source: XBRL data Purple Innovation Inc. files with the SEC, latest filing dated Nov 4, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

PRPL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
PRPL$431.19M-5.6%-$38.43M-8.9%$7.9M
WSM$8.01B+2.2%$1.18B14.7%$30.82B
SGI$7.84B+15.1%$519.40M6.6%$15.26B
MHK$11.21B+4.5%$518.30M4.6%$9.10B
CSW$1.25B+30.0%$127.56M10.2%$4.69B
FUL$3.55B+1.5%$197.76M5.6%$2.76B
TILE$1.44B+6.5%$145.55M10.1%$1.85B
MBC$3.11B+12.9%-$124.20M-4.0%$1.44B
LZB$2.11B+0.2%$81.62M3.9%$1.31B

PRPL FAQ

8 questions
  • What is PRPL revenue?
    Purple Innovation Inc. (PRPL) reported $431.19M of revenue for the twelve months ended Sep 30, 2026. That is down 5.6% from the year before. Revenue for fiscal 2025 was $468.73M.
  • Is PRPL profitable?
    No. Purple Innovation Inc. reported a net loss of $38.43M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does PRPL have?
    Purple Innovation Inc. reported $28.34M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is PRPL revenue growing?
    Purple Innovation Inc.'s revenue changed -3.9% in fiscal 2025, to $468.73M. Its compound annual growth rate was -6.3% over 5 years.
  • What is PRPL gross margin?
    Purple Innovation Inc.'s gross profit was $165.42M on $431.19M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 38.4%.
  • What is PRPL free cash flow?
    Purple Innovation Inc. generated -$2.38M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $4.84M less capital expenditures.
  • When did PRPL last report financial results?
    The latest statements here come from Purple Innovation Inc.'s 10-Q filed on Nov 4, 2026, covering the period ended Sep 30, 2026.
  • Where does this PRPL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Purple Innovation Inc. files with the SEC. It is provided for information only and is not investment advice.