Purple Innovation, Inc. (PRPL)
Purple Innovation, Inc. designs, manufactures, and sells sleep and other products in the United States and internationally. It offers mattresses, pillows, sheets, foundations, waterproof mattress protectors, bases, and seat cushions, as well as blankets and duvets. The company markets and sells its products through its direct-to-consumer e-commerce channels, retail brick-and-mortar wholesale partners, third-party online retailers, and Purple showrooms. The company was founded in 2010 and is headquartered in Lehi, Utah.
Sector: Household Furniture
Industry: Furnishings, Fixtures & Appliances
Purple Innovation, Inc.
+0.53%$1.88
After Hours+0.00%$1.88
AH+0.00%$1.88
NASDAQ:PRPLConsumer Cyclical
Mkt Cap$8.2M
Float2.27M
O/S4.35M
Inst Own57.1%
SI6.7%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$468.73M
Net Income-$51.41M
Total Assets$296.26M
Free Cash Flow-$41.91M
Debt & Equity
Debt 142%
Total Debt$215.18M
Total Equity-$63.77M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:25
Nasdaq bars a compliance period at 1:250
- 1:25Reverse splitJul 20, 202625 shares → 1
Balance Sheet Details
Assets$264.5M
Liabilities$328.3M
Accounts Receivable$26.23M
Accounts Payable$41.19M
Inventory$55.4M
PP&E (Net)$138.19M
Goodwill$0
Intangible Assets$5.91M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $468.73M | $487.88M | $510.54M | $573.2M | $726.23M | $648.47M | $428.36M | $285.79M | $196.86M | $65.47M | $5.84M | $4.31M |
| YoY Growth | -392.6% | -443.9% | -1093.2% | -2107.1% | 1199.1% | 5138.5% | 4988.5% | 4517.5% | 20067.2% | 102130.5% | 3561.4% | - |
| Cost of Revenue | $280.17M | $306.75M | $338.72M | $365.11M | $431.25M | $343.37M | $239.39M | $173.19M | $111.84M | $44M | $4.46M | $2.69M |
| Gross Profit | $188.56M | $181.13M | $171.82M | $208.09M | $294.97M | $305.1M | $188.97M | $112.6M | $85.02M | $21.48M | $1.38M | $1.62M |
| Gross Margin | 4022.8% | 3712.7% | 3365.5% | 3630.3% | 4061.7% | 4704.9% | 4411.5% | 3940.0% | 4318.7% | 3280.3% | 2370.3% | 3755.6% |
| Research and Development | $9.6M | $12.96M | $11.9M | $8.76M | $6.94M | $5.96M | $3.86M | $2.1M | $1.39M | $792K | $62K | $3K |
| Selling, General, and Administrative | $210.6M | $240.38M | $266.76M | $242.09M | $311.38M | $227.92M | $168.89M | $127.4M | $92.38M | $2.66M | $346K | $844K |
| Other | $0 | $19.97M | $6.88M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $220.2M | $273.31M | $285.54M | $250.84M | $318.32M | $233.87M | $172.76M | $129.5M | $93.77M | $2.66M | $346K | $848K |
| Operating Income (EBIT) | -$31.64M | -$92.18M | -$113.71M | -$42.75M | -$23.35M | $71.23M | $16.21M | -$16.89M | -$8.75M | -$2.66M | -$346K | $769K |
| Operating Margin | -675.1% | -1889.5% | -2227.3% | -745.9% | -321.5% | 1098.4% | 378.5% | -591.1% | -444.3% | -405.8% | -592.6% | 1786.8% |
| Interest Expense | $28.77M | $17.51M | $1.97M | $3.54M | $1.87M | $4.65M | $5.18M | $3.73M | $81K | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $330K | $0 | $104K |
| Other Income (Expense) | -$19.66M | -$5.85M | -$7.5M | $163.2M | $26M | -$344.75M | -$46.74M | -$2.72M | -$72K | $330K | $43K | -$104K |
| Income Before Tax (EBT) | -$51.3M | -$98.03M | -$121.21M | $120.45M | $2.65M | -$273.53M | -$30.52M | -$19.61M | -$8.82M | -$2.33M | -$303K | $665K |
| Income Tax Expense | $207K | $63K | $8K | $213.17M | -$1.22M | -$43.75M | $400K | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$51.41M | -$97.9M | -$120.76M | -$92.47M | $4.03M | -$236.87M | -$22.57M | -$4.32M | -$8.82M | -$2.33M | -$303K | $665K |
| Net Income Margin | -1096.9% | -2006.6% | -2365.3% | -1613.2% | 55.5% | -3652.7% | -527.0% | -151.2% | -448.0% | -355.4% | -518.9% | 1544.9% |
| Supplementary Data | ||||||||||||
| EPS | -12.00 | -22.75 | -29.25 | -28.25 | 1.50 | -151.00 | -31.00 | -12.75 | -26.28 | -12.25 | -1.58 | 3.75 |
| Diluted EPS | -12.00 | -22.75 | -29.25 | -28.25 | -7.50 | -151.00 | -31.00 | -12.75 | -26.28 | -12.25 | -1.58 | 3.75 |
| Weighted Average OS | 4.32M | 4.29M | 4.14M | 3.27M | 2.64M | 1.57M | 400,240 | 336,720 | 335,560 | 191,480 | 191,480 | 176,280 |
| EBITDA | $1.53M | -$45.17M | -$94.13M | $141.47M | $14M | -$260.98M | -$21.04M | -$13.69M | -$8M | -$2.33M | -$326K | $783K |
| EBITDA Margin | 32.6% | -925.8% | -1843.8% | 2468.1% | 192.8% | -4024.5% | -491.1% | -478.9% | -406.2% | -355.4% | -558.3% | 1818.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $24.34M | $29.01M | $26.86M | $40.05M | $91.62M | $122.95M | $33.48M | $12.23M | $220K | $237K | $1.05M | $256K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $24.34M | $29.01M | $26.86M | $40.05M | $91.62M | $122.95M | $33.48M | $12.23M | $220K | $237K | $1.05M | $256K |
| Accounts Receivable | $41.27M | $33.06M | $37.8M | $34.57M | $25.43M | $29.11M | $28.69M | $10.24M | $4.18M | $0 | $0 | $440K |
| Inventory | $59.73M | $56.86M | $66.88M | $73.2M | $98.69M | $65.73M | $47.63M | $22.94M | $13.35M | $5.33M | $382K | $608K |
| Other Current Assets | $5.89M | $1.41M | $1.74M | $5.82M | $5.7M | $4.56M | $3.44M | $1.49M | $492K | $0 | $0 | $0 |
| Total Current Assets | $136.72M | $126.37M | $141.81M | $161.46M | $229.5M | $229.07M | $114.12M | $47.7M | $230K | $278K | $1.18M | $1.3M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $145.23M | $169.39M | $224.43M | $239.21M | $180.65M | $102.89M | $31.98M | $22.51M | $13.46M | $6.1M | $29K | $43K |
| Goodwill | $0 | $0 | $0 | $4.9M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $6.35M | $8.89M | $22.2M | $26.22M | $13.2M | $9.95M | $1.1M | $1.49M | $1.27M | $130K | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $156M | $155M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $217.79M | $211.24M | $0 | $0 | $0 | -$6.23M | $0 | $0 |
| Other Long-Term Assets | $7.96M | $3.2M | $2.19M | $1.55M | $1.32M | $1.58M | $525K | $5K | $107.32M | -$457K | $264K | $0 |
| Total Long-Term Assets | $159.54M | $181.48M | $248.81M | $271.88M | $412.97M | $325.66M | $33.6M | $24.01M | $122.05M | $155.54M | $155.29M | $43K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $296.26M | $307.85M | $390.63M | $433.33M | $642.47M | $554.73M | $147.72M | $71.71M | $122.28M | $155.82M | $156.47M | $1.35M |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $40.31M | $40.64M | $49.83M | $46.44M | $79.75M | $69.59M | $50.24M | $24.83M | $21.13M | $199K | $58K | $228K |
| Short-Term Debt | $0 | $0 | $2.13M | $0 | $2.3M | $2M | $0 | $0 | $600K | $0 | $0 | $1.11M |
| Current Income Tax Payable | $0 | $2.99M | $1.95M | $3.73M | $4.67M | $6.01M | $5.6M | $5.54M | $330K | $62K | $0 | $0 |
| Current Unearned Revenue | $5.28M | $6.41M | $5.72M | $4.45M | $10.85M | $6.25M | $6.26M | $7.52M | $0 | -$351K | -$1.36M | $0 |
| Other Current Liabilities | $18.4M | $18.77M | $17.36M | $9.08M | $16.05M | $22.98M | $10.62M | $13.5M | -$359K | $0 | $0 | $25K |
| Total Current Liabilities | $101.52M | $101M | $110.98M | $98.13M | $142.01M | $132.21M | $86.86M | $48.58M | $1.8M | $1.88M | $199K | $1.83M |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $111.31M | $55.39M | $26.91M | $23.66M | $94.11M | $41.41M | $35.4M | $21.41M | $8M | $24K | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $37.48M | $44.17M | $28.03M | $20.78M | $178.64M | $264.64M | $54M | $3.73M | $2.37M | $4.63M | $4.66M | $0 |
| Total Long-Term Liabilities | $224.41M | $186.63M | $164.04M | $160.03M | $353.92M | $354.98M | $89.4M | $25.14M | $4M | $4.66M | $4.66M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $325.93M | $287.64M | $275.02M | $258.16M | $495.93M | $487.19M | $176.26M | $73.72M | $5.8M | $6.53M | $4.86M | $1.83M |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $144.29M | $146.62M | $0 |
| Common Stock | $11K | $11K | $11K | $9K | $7K | $6K | $5K | $5K | $111.48M | $144.29M | $146.62M | $0 |
| Retained Earnings | -$625.28M | -$573.87M | -$475.97M | -$355.21M | -$261.82M | -$265.86M | -$28.99M | -$4.32M | -$1.83M | -$2.63M | -$303K | -$478K |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.98M | -$13.92M | -$2.63M | -$303K | $0 |
| Other Stockholders' Equity | $595.58M | $594.05M | $591.38M | $529.47M | $407.59M | $333.05M | $2.82M | $3.65M | $6.83M | $7.63M | $5.3M | $0 |
| Total Equity | -$29.69M | $20.2M | $115.42M | $174.26M | $145.77M | $67.2M | -$26.16M | -$662K | $116.48M | $149.29M | $151.62M | -$478K |
| Minority Interest | $18K | $11K | $185K | $908K | $768K | $344K | -$2.38M | -$1.35M | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $296.24M | $307.83M | $390.44M | $432.43M | $641.7M | $554.39M | $150.1M | $73.06M | $122.28M | $155.82M | $156.47M | $1.35M |
| Supplementary Data | ||||||||||||
| Total Debt | $204.29M | $158.13M | $152.97M | $152.96M | $184.62M | $95.58M | $35.4M | $21.44M | $600K | $375K | $1.16M | $1.11M |
| Net Debt | $179.94M | $129.12M | $126.12M | $112.91M | $93.01M | -$27.37M | $1.92M | $9.21M | $380K | $138K | $111K | $853K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Operating Activities | ||||||||||||
| Net Income | -$51.51M | -$98.1M | -$121.22M | -$92.72M | $2.95M | -$229.78M | -$30.93M | -$19.61M | $803K | -$2.33M | -$303K | $665K |
| Depreciation & Amortization | $24.06M | $35.35M | $25.11M | $17.49M | $9.47M | $7.9M | $4.31M | $2.19M | $741K | $80K | $14K | $14K |
| Deferred Income Tax | $0 | $0 | $0 | $51.58M | -$7.62M | -$11.66M | $501K | $95K | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $1.73M | $2.81M | $4.88M | $3.37M | $3.37M | $2.19M | $10.06M | $487K | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | -$8.21M | $4.75M | -$3.65M | -$4.11M | $3.68M | -$419K | -$18.45M | -$6.06M | -$1.85M | -$1.67M | -$157K | $127K |
| Inventory | -$2.86M | $5.99M | $5.9M | $28.96M | -$32.96M | -$18.1M | -$24.69M | -$9.6M | -$8.01M | -$5.88M | $216K | -$262K |
| Accounts Payable | $61K | -$6.38M | $4.38M | -$33.61M | $6.8M | $16.05M | $25.13M | $3.78M | $13.85M | $0 | $199M | $0 |
| Other Working Capital | -$13.21M | -$86K | $15.81M | $4.36M | $6.96M | $12.73M | $12.02M | $4.54M | -$5.4M | $1.52M | $25K | $239K |
| Total Working Capital Change | -$24.22M | $4.27M | $22.45M | -$4.41M | -$15.53M | $10.27M | -$5.98M | -$7.33M | -$1.42M | $1.52M | $25K | $105K |
| Other Non-Cash Items | $16.11M | $37.81M | $14.13M | -$4.07M | -$23.54M | $302.34M | $44.92M | $2.51M | -$741K | $9.73M | -$36K | -$49K |
| Net Cash from Operating | -$33.83M | -$17.85M | -$54.66M | -$28.77M | -$30.9M | $81.26M | $22.88M | -$21.66M | -$617K | -$811K | -$278K | $735K |
| Investing Activities | ||||||||||||
| Capital Expenditures | -$8.08M | -$7.24M | -$14.39M | -$35.38M | -$53.94M | -$27.88M | -$10.46M | -$11.65M | -$8.73M | -$4.69M | $0 | -$21 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$155.25M | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$200K | -$286K | -$1.67M | $875K | -$3.12M | -$11.26M | -$320K | -$327K | $42.89M | -$130K | -$155.25M | $0 |
| Net Cash from Investing | -$8.28M | -$7.53M | -$16.06M | -$34.5M | -$57.06M | -$39.14M | -$10.78M | -$11.65M | $34.16M | -$4.82M | -$155.25M | -$21 |
| Financing Activities | ||||||||||||
| Debt Repaid | -$39M | -$31M | -$5.34M | $72.53M | -$52.75M | -$6.94M | -$10M | -$15.97M | -$7.94M | $1K | - | - |
| Common Stock Issuance | $0 | $0 | $60.3M | $98.21M | $0 | $0 | $0 | $0 | $0 | $0 | $161.23M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$34.16M | $0 | $25K | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | -$1.18M | -$5.49M | $0 | $0 | -$4.29M | -$77K | -$210K | $0 |
| Other Financing Activities | -$1.56M | -$3.47M | -$9.71M | -$12.27M | $5.05M | $45.91M | -$855K | $25.98M | -$46K | -$295K | -$4.45M | -$604K |
| Net Cash from Financing | $37.44M | $27.53M | $55.83M | $13.41M | $56.62M | $47.36M | $9.14M | $41.95M | -$33.56M | -$373K | $156.58M | -$604K |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$4.67M | $2.15M | -$14.9M | -$49.86M | -$31.34M | $89.48M | $21.25M | $8.64M | -$17K | -$811K | $792K | $131K |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | -$33.83M | -$17.85M | -$54.66M | -$28.77M | -$30.9M | $81.26M | $22.88M | -$21.66M | -$617K | -$811K | -$278K | $735K |
| Capital Expenditure | -$8.08M | -$7.24M | -$15.23M | -$38.16M | -$57.06M | -$39.14M | -$10.78M | -$11.65M | -$8.73M | -$4.69M | $0 | -$21 |
| Free Cash Flow | -$41.91M | -$25.09M | -$69.9M | -$66.93M | -$87.96M | $42.12M | $12.1M | -$33.31M | -$9.35M | -$5.5M | -$278K | $735K |
| Cash at Beginning | $29.01M | $26.86M | $41.75M | $91.62M | $122.95M | $33.48M | $12.23M | $3.59M | $237K | $1.05M | $256K | $125K |
| Cash at End | $24.34M | $29.01M | $26.86M | $41.75M | $91.62M | $122.95M | $33.48M | $12.23M | $220K | $237K | $1.05M | $256K |