NASDAQ : PRPL
Purple Innovation, Inc. — Financial statements
Consumer Discretionary · Furnishings, Fixtures & Appliances · United States
Last price 3.09 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 13.47M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Purple Innovation, Inc. (PRPL) reported revenue of 453.45M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 453.45M | 468.73M | 487.88M | 510.54M | 573.20M | 725.00M |
| Cost of Revenue | 268.44M | 279.17M | 291.30M | 338.72M | 365.11M | 431.25M |
| Gross Profit | 185.02M | 189.55M | 196.57M | 171.82M | 208.09M | 293.75M |
| Selling, General & Admin | 205.22M | 210.60M | 240.38M | 266.76M | 238.19M | 311.38M |
| Research & Development | 9.91M | 9.60M | 12.96M | 11.90M | 8.76M | 6.94M |
| Operating Expenses | 215.13M | 220.20M | 253.34M | 278.66M | 246.94M | 318.32M |
| Operating Income | -30.11M | -30.65M | -56.77M | -106.83M | -38.85M | -24.58M |
| Interest Expense | -32.58M | -28.77M | -17.51M | -1.97M | -3.54M | -1.87M |
| Other Non Operating Income (Expenses) | 19.38M | 20.49M | 3.45M | -1.20M | 165.96M | 27.88M |
| EBT Excluding Unusual Items | -43.31M | -38.92M | -70.83M | -110.00M | 123.57M | 1.43M |
| Merger & Restructuring Charges | -5.29M | -12.38M | -35.41M | -3.90M | ||
| Impairment of Goodwill | -6.88M | |||||
| Gain (Loss) on Sale of Assets | -620.00K | |||||
| Other Unusual Items | -3.39M | -4.33M | 1.40M | |||
| Pretax Income | -48.60M | -51.30M | -98.03M | -121.21M | 120.45M | 1.43M |
| Income Tax Expense | 191.00K | 207.00K | 63.00K | 8.00K | 213.17M | -1.52M |
| Earnings From Continuing Operations | -48.80M | -51.51M | -98.10M | -121.22M | -92.72M | 2.95M |
| Minority Interest in Earnings | 93.00K | 97.00K | 201.00K | 458.00K | 253.00K | 166.00K |
| Net Income | -48.70M | -51.41M | -97.90M | -120.76M | -92.47M | 3.11M |
| Net Income to Common | -48.70M | -51.41M | -97.90M | -120.76M | -92.47M | 3.11M |
| Shares Outstanding (Basic) | 4.34M | 4.32M | 4.29M | 4.14M | 3.27M | 2.64M |
| Shares Outstanding (Diluted) | 4.34M | 4.33M | 4.29M | 4.16M | 3.27M | 2.69M |
| EPS (Basic) | -11.23 | -11.89 | -22.84 | -29.14 | -28.27 | 1.18 |
| EPS (Diluted) | -11.27 | -11.90 | -22.85 | -29.16 | -28.27 | -7.84 |
| Free Cash Flow | -9.55M | -41.91M | -25.09M | -69.05M | -64.15M | -84.84M |
| Free Cash Flow Per Share | -2.20 | -9.68 | -5.84 | -16.61 | -19.61 | -31.52 |
| Gross Margin | 40.80% | 40.44% | 40.29% | 33.66% | 36.30% | 40.52% |
| Operating Margin | -6.64% | -6.54% | -11.64% | -20.93% | -6.78% | -3.39% |
| Profit Margin | -10.74% | -10.97% | -20.07% | -23.65% | -16.13% | 0.43% |
| Free Cash Flow Margin | -2.10% | -8.94% | -5.14% | -13.53% | -11.19% | -11.70% |
| EBITDA | -12.22M | -12.26M | -32.72M | -81.73M | -21.37M | -15.11M |
| EBITDA Margin | -2.70% | -2.62% | -6.71% | -16.01% | -3.73% | -2.08% |
| D&A For EBITDA | 17.89M | 18.39M | 24.05M | 25.11M | 17.49M | 9.47M |
| EBIT | -30.11M | -30.65M | -56.77M | -106.83M | -38.85M | -24.58M |
| EBIT Margin | -6.64% | -6.54% | -11.64% | -20.93% | -6.78% | -3.39% |
| Effective Tax Rate | 176.98% | |||||
| Advertising Expenses | 56.10M | 65.20M | 72.40M | 66.60M | 149.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 23.30M | 24.34M | 29.01M | 26.86M | 41.75M | 91.62M |
| Cash & Short-Term Investments | 23.30M | 24.34M | 29.01M | 26.86M | 41.75M | 91.62M |
| Receivables | 26.23M | 41.27M | 33.06M | 37.80M | 34.57M | 25.43M |
| Inventory | 55.40M | 59.73M | 56.86M | 66.88M | 73.20M | 98.69M |
| Prepaid Expenses | 4.13M | 5.49M | 6.02M | 8.54M | 7.82M | 8.06M |
| Other Current Assets | 5.42M | 5.89M | 1.41M | 1.74M | 4.12M | 5.70M |
| Total Current Assets | 114.47M | 136.72M | 126.37M | 141.81M | 161.46M | 229.50M |
| Property, Plant & Equipment | 138.19M | 145.23M | 169.39M | 224.43M | 239.21M | 180.65M |
| Goodwill | 4.90M | |||||
| Other Intangible Assets | 5.91M | 6.35M | 8.89M | 22.20M | 26.22M | 13.20M |
| Long-Term Deferred Tax Assets | 217.79M | |||||
| Other Long-Term Assets | 5.92M | 7.96M | 3.20M | 2.19M | 1.55M | 1.32M |
| Total Assets | 264.50M | 296.26M | 307.85M | 390.62M | 433.33M | 642.47M |
| Accounts Payable | 41.19M | 40.31M | 40.64M | 49.83M | 46.44M | 79.75M |
| Accrued Expenses | 17.38M | 23.35M | 22.42M | 20.76M | 20.23M | 23.90M |
| Short-Term Debt | 1.68M | 1.33M | 1.08M | 1.01M | 1.04M | |
| Current Portion of Long-Term Debt | 127.01M | 2.13M | 2.30M | |||
| Current Portion of Leases | 16.97M | 17.37M | 15.66M | 14.84M | 13.71M | 7.05M |
| Current Unearned Revenue | 4.04M | 5.28M | 6.41M | 5.72M | 4.45M | 10.85M |
| Other Current Liabilities | 13.14M | 13.54M | 14.54M | 16.62M | 12.29M | 17.11M |
| Total Current Liabilities | 219.71M | 101.52M | 101.00M | 110.98M | 98.13M | 142.01M |
| Long-Term Debt | 111.31M | 55.39M | 26.91M | 23.66M | 94.11M | |
| Long-Term Leases | 71.21M | 75.62M | 87.07M | 109.09M | 115.60M | 81.16M |
| Other Long-Term Liabilities | 37.37M | 37.48M | 44.17M | 28.03M | 20.78M | 178.64M |
| Total Liabilities | 328.30M | 325.93M | 287.64M | 275.02M | 258.16M | 495.93M |
| Common Stock | 4.00K | 11.00K | 11.00K | 11.00K | 9.00K | 7.00K |
| Additional Paid-In Capital | 595.28M | 595.58M | 594.05M | 591.38M | 529.47M | 407.59M |
| Retained Earnings | -659.05M | -625.28M | -573.87M | -475.97M | -355.21M | -261.82M |
| Total Common Equity | -63.77M | -29.69M | 20.20M | 115.42M | 174.26M | 145.77M |
| Minority Interest | -33.00K | 18.00K | 11.00K | 185.00K | 908.00K | 768.00K |
| Shareholders' Equity | -63.80M | -29.67M | 20.21M | 115.61M | 175.17M | 146.54M |
| Total Liabilities & Equity | 264.50M | 296.26M | 307.85M | 390.62M | 433.33M | 642.47M |
| Total Debt | 215.18M | 205.96M | 159.46M | 154.05M | 153.97M | 185.66M |
| Net Cash (Debt) | -191.88M | -181.62M | -130.44M | -127.20M | -112.22M | -94.05M |
| Net Cash Per Share | -44.25 | -41.95 | -30.39 | -30.60 | -34.31 | -34.94 |
| Filing Date Shares Outstanding | 4.35M | 4.35M | 4.30M | 4.28M | 4.20M | 2.66M |
| Total Common Shares Outstanding | 4.35M | 4.33M | 4.30M | 4.22M | 3.66M | 2.66M |
| Working Capital | -105.24M | 35.20M | 25.36M | 30.83M | 63.33M | 87.49M |
| Book Value Per Share | -14.65 | -6.86 | 4.70 | 27.35 | 47.68 | 54.81 |
| Tangible Book Value | -69.68M | -36.03M | 11.31M | 93.23M | 143.15M | 132.57M |
| Tangible Book Value Per Share | -16.01 | -8.32 | 2.63 | 22.09 | 39.16 | 49.84 |
| Machinery | 120.55M | 113.37M | 105.21M | 106.25M | 97.22M | 75.42M |
| Construction In Progress | 2.16M | 7.22M | 13.13M | 15.08M | 19.10M | 19.84M |
| Leasehold Improvements | 59.43M | 58.86M | 57.94M | 60.56M | 56.11M | 38.10M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -48.70M | -51.41M | -97.90M | -120.76M | -92.47M | 3.11M |
| Depreciation & Amortization | 17.89M | 18.39M | 24.05M | 25.11M | 17.49M | 9.47M |
| Loss (Gain) From Sale of Assets | 246.00K | 318.00K | 770.00K | 1.68M | 620.00K | |
| Asset Writedown & Restructuring Costs | 5.14M | 9.45M | 31.55M | 6.88M | ||
| Stock-Based Compensation | 663.00K | 1.73M | 2.81M | 4.88M | 3.37M | 3.37M |
| Other Operating Activities | 19.51M | 11.92M | 16.60M | 5.11M | 46.63M | -31.33M |
| Change in Accounts Receivable | -5.15M | -8.21M | 4.75M | -3.65M | -4.11M | 3.68M |
| Change in Inventory | 5.51M | -2.86M | 5.99M | 5.90M | 28.96M | -32.96M |
| Change in Accounts Payable | 18.12M | 61.00K | -6.38M | 4.38M | -33.61M | 6.80M |
| Change in Unearned Revenue | -4.46M | -1.14M | 693.00K | 1.27M | -6.46M | 4.60M |
| Change in Other Net Operating Assets | -11.90M | -12.07M | -779.00K | 14.54M | 10.81M | 2.36M |
| Operating Cash Flow | -3.13M | -33.83M | -17.85M | -54.66M | -28.77M | -30.90M |
| Capital Expenditures | -6.41M | -8.08M | -7.24M | -14.39M | -35.38M | -53.94M |
| Sale of Property, Plant & Equipment | 101.00K | 464.00K | ||||
| Cash Acquisitions | 3.66M | |||||
| Sale (Purchase) of Intangibles | -1.16M | -664.00K | -286.00K | -844.00K | -2.79M | -3.12M |
| Other Investing Activities | -826.00K | |||||
| Investing Cash Flow | -7.47M | -8.28M | -7.53M | -16.06M | -34.50M | -57.06M |
| Long-Term Debt Issued | 39.00M | 61.00M | 42.00M | 55.00M | ||
| Total Debt Issued | 39.00M | 61.00M | 42.00M | 55.00M | ||
| Long-Term Debt Repaid | -30.00M | -36.66M | -72.53M | -2.25M | ||
| Total Debt Repaid | -30.00M | -36.66M | -72.53M | -2.25M | ||
| Net Debt Issued (Repaid) | 39.00M | 31.00M | 5.34M | -72.53M | 52.75M | |
| Issuance of Common Stock | 60.30M | 98.38M | 1.53M | |||
| Other Financing Activities | -346.00K | -1.56M | -3.47M | -9.82M | -12.43M | 2.34M |
| Financing Cash Flow | -346.00K | 37.44M | 27.53M | 55.83M | 13.41M | 56.62M |
| Net Cash Flow | -10.95M | -4.67M | 2.15M | -14.90M | -49.86M | -31.34M |
| Free Cash Flow | -9.55M | -41.91M | -25.09M | -69.05M | -64.15M | -84.84M |
| Free Cash Flow Margin | -2.10% | -8.94% | -5.14% | -13.53% | -11.19% | -11.70% |
| Free Cash Flow Per Share | -2.20 | -9.68 | -5.84 | -16.61 | -19.61 | -31.52 |
| Levered Free Cash Flow | -19.29M | -42.31M | -18.41M | -38.99M | -73.83M | -86.96M |
| Unlevered Free Cash Flow | 1.07M | -24.33M | -7.47M | -37.76M | -71.62M | -85.79M |
| Cash Interest Paid | 95.00K | 153.00K | 159.00K | 189.00K | 2.69M | 999.00K |
| Cash Income Tax Paid | 201.00K | 175.00K | 317.00K | 385.00K | 303.00K | 4.64M |
| Change in Working Capital | 2.12M | -24.22M | 4.27M | 22.45M | -4.41M | -15.53M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 13.08M | 74.74M | 83.86M | 108.71M | 437.76M | 882.19M |
| Enterprise Value | 204.96M | 245.27M | 215.21M | 237.77M | 547.25M | 924.64M |
| Last Close Price | 3.00 | 17.26 | 19.50 | 25.75 | 119.75 | 331.75 |
| PE Ratio | 283.30 | |||||
| Forward PE | 138.97 | 138.97 | 138.97 | 158.19 | 17.48 | |
| PS Ratio | 0.03 | 0.16 | 0.17 | 0.21 | 0.76 | 1.22 |
| PB Ratio | -2.52 | 4.15 | 0.94 | 2.50 | 6.02 | |
| P/TBV Ratio | 7.42 | 1.17 | 3.06 | 6.66 | ||
| PEG Ratio | 10.60 | 10.60 | 10.60 | 10.60 | 1.13 | |
| EV/Sales Ratio | 0.45 | 0.52 | 0.44 | 0.47 | 0.95 | 1.27 |
| Debt / Equity Ratio | -3.37 | -6.94 | 7.89 | 1.33 | 0.88 | 1.27 |
| Debt / EBITDA Ratio | 33.48 | 25.15 | ||||
| Net Debt / Equity Ratio | -3.01 | -6.12 | 6.46 | 1.10 | 0.64 | 0.64 |
| Net Debt / EBITDA Ratio | -15.70 | -14.81 | -3.99 | -1.56 | -5.25 | -6.23 |
| Net Debt / FCF Ratio | -20.10 | -4.33 | -5.20 | -1.84 | -1.75 | -1.11 |
| Asset Turnover | 1.60 | 1.55 | 1.40 | 1.24 | 1.07 | 1.21 |
| Inventory Turnover | 4.62 | 4.79 | 4.71 | 4.84 | 4.25 | 5.25 |
| Quick Ratio | 0.23 | 0.65 | 0.61 | 0.58 | 0.78 | 0.82 |
| Current Ratio | 0.52 | 1.35 | 1.25 | 1.28 | 1.65 | 1.62 |
| Return on Equity (ROE) | -144.46% | -83.37% | -57.64% | 2.75% | ||
| Return on Assets (ROA) | -6.62% | -6.34% | -10.16% | -16.21% | -4.51% | -2.57% |
| Return on Invested Capital (ROIC) | -26.94% | -17.75% | -28.86% | -40.30% | 11.33% | -17.45% |
| Return on Capital Employed (ROCE) | -67.20% | -15.70% | -27.40% | -38.20% | -11.60% | -4.90% |
| Earnings Yield | -375.51% | -68.79% | -116.73% | -111.08% | -21.12% | 0.35% |
| FCF Yield | -72.99% | -56.07% | -29.92% | -63.52% | -14.65% | -9.62% |
| Buyback Yield / Dilution | -0.65% | -0.86% | -3.26% | -27.09% | -21.51% | -71.61% |