Purple Innovation, Inc. (PRPL) Financial Statements
Industry: Household Furniture
In fiscal 2025, Purple Innovation reported revenue of $468.7M, down 3.9% from $487.9M the year before. Net income was -$51.4M (a -11.0% net margin), or $12.00 per diluted share. Gross margin was 40.2% and operating margin was -9.2%. Operating activities generated -$33.8M of cash, leaving -$41.9M of free cash flow. At fiscal year end, Purple Innovation held $296.3M in total assets against $325.9M in total liabilities, including $24.3M of cash and equivalents.
Open the full interactive Purple Innovation financials → Quarterly statements, key ratios, valuation history and price charts.
Purple Innovation Key Stats
| Share Price | $1.97 |
|---|---|
| Market Cap | $8.6M |
| P/E Ratio | 0.2 |
| Revenue YoY Growth | -3.9% |
| 52-Week Range | $1.87 – $22.30 |
| Shares Outstanding | 4.4 million (basic, 2026 Q2) |
Purple Innovation Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $648.5M | $726.2M | $575.7M | $510.5M | $487.9M | $468.7M |
| Cost of Goods Sold | $343.4M | $431.3M | — | — | — | — |
| Gross Profit | $305.1M | $295.0M | $210.6M | $171.8M | $181.1M | $188.6M |
| Operating Income | $71.2M | -$23.4M | -$40.3M | -$113.7M | -$92.2M | -$43.0M |
| Pre-Tax Income | -$32.9M | $2.7M | $123.2M | -$121.2M | -$98.0M | -$51.3M |
| Income Tax | -$43.7M | -$1.2M | $212.9M | $8,000 | $63,000 | $207,000 |
| Net Income | $3.8M | $4.0M | -$89.7M | -$120.8M | -$97.9M | -$51.4M |
| Diluted EPS | $2.00 | -$7.50 | -$27.50 | -$29.25 | -$22.75 | $12.00 |
Purple Innovation Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $118.8M | $140.7M | $95.7M | $98.3M |
| Net Income | -$11.7M | -$3.2M | -$30.5M | -$3.2M |
| Diluted EPS | $2.75 | -$0.03 | -$7.00 | -$0.74 |
Purple Innovation Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $123.0M | $91.6M | $41.8M | — | $29.0M | $24.3M |
| Current Assets | $229.1M | $229.5M | $161.5M | $141.8M | $126.4M | $136.7M |
| Total Assets | $554.7M | $642.5M | $433.3M | $390.6M | $307.8M | $296.3M |
| Current Liabilities | $132.2M | $142.0M | $97.3M | $111.0M | $101.0M | $101.5M |
| Total Long-Term Debt | $45.4M | $96.4M | $100.4M | $30.0M | $70.7M | $126.7M |
| Total Liabilities | $394.5M | $495.9M | $254.4M | $275.0M | $287.6M | $325.9M |
| Shareholders' Equity | $159.9M | $145.8M | $178.0M | $115.4M | $20.2M | -$29.7M |
Purple Innovation Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $81.3M | -$30.9M | -$28.8M | -$54.7M | -$17.9M | -$33.8M |
| Cash From Investing | -$39.1M | -$57.1M | -$34.5M | -$16.1M | -$7.5M | -$8.3M |
| Cash From Financing | $47.4M | $56.6M | $13.4M | $55.8M | $27.5M | $37.4M |
| Free Cash Flow | $53.4M | -$84.8M | -$64.1M | -$69.1M | -$25.1M | -$41.9M |
| Dividends Paid | — | — | $100,000 | — | — | — |
Figures from Purple Innovation's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Purple Innovation financials page for every line item.
Purple Innovation Company Profile
| Ticker | PRPL |
|---|---|
| Exchange | Nasdaq |
| Industry | Household Furniture |
| Headquarters | Lehi, Utah |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001643953 |
Frequently Asked Questions
What was Purple Innovation's revenue in fiscal 2025?
Purple Innovation (PRPL) reported revenue of $468.7M for fiscal 2025.
What is Purple Innovation's annual revenue history?
Purple Innovation's annual revenue by fiscal year: 2020: $648.5M; 2021: $726.2M; 2022: $575.7M; 2023: $510.5M; 2024: $487.9M; 2025: $468.7M.
What was Purple Innovation's net income in fiscal 2025?
Purple Innovation reported net income of -$51.4M for fiscal 2025.
What was Purple Innovation's earnings per share (EPS) in fiscal 2025?
Purple Innovation's diluted EPS was $12.00 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Purple Innovation generate in fiscal 2025?
Purple Innovation generated -$41.9M of free cash flow in fiscal 2025.
What was Purple Innovation's revenue last quarter?
In its most recent reported quarter (2026 Q2), Purple Innovation reported revenue of $98.3M.
How much debt does Purple Innovation have?
Purple Innovation reported $126.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Purple Innovation are outstanding?
Purple Innovation reported a weighted average of 4.4 million basic shares outstanding in 2026 Q2.
What is Purple Innovation's market cap?
Based on its latest closing price, Purple Innovation (PRPL) has a market capitalization of about $8.6M.
When does Purple Innovation's fiscal year end?
Purple Innovation's fiscal year end, as registered with the SEC, is December 31.
Where is Purple Innovation headquartered?
Purple Innovation lists its business address in Lehi, Utah in its SEC filings.