PRPL · Purple Innovation, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $468.73M | $487.88M | $510.54M | $575.69M | $726.23M | $648.47M |
| Cost of Revenue | $280.17M | $306.75M | $338.72M | $343.37M | $431.25M | $343.37M |
| Gross Profit | $188.56M | $181.13M | $171.82M | $210.58M | $294.97M | $305.10M |
| R&D | $9.60M | $12.96M | $11.90M | $8.76M | $6.94M | $5.96M |
| SG&A | $63.56M | $69.12M | $84.45M | $76.70M | $72.09M | $39.92M |
| Total Operating Expenses | $231.59M | $273.31M | $285.54M | $250.84M | $318.32M | $233.87M |
| D&A | $24.06M | $35.35M | $25.11M | $17.49M | $9.47M | $7.90M |
| Operating Income | ($43.03M) | ($92.18M) | ($113.71M) | ($40.26M) | ($23.35M) | $71.23M |
| Interest Expense | $28.77M | $17.51M | $1.97M | $3.54M | $1.87M | $4.65M |
| Income Tax | $207.0K | $63.0K | $8.0K | $212.86M | ($1.22M) | ($43.75M) |
| Net Income | ($51.41M) | ($97.90M) | ($120.76M) | ($89.69M) | $4.03M | $3.79M |
| EPS - Basic | $0.48 | ($0.91) | ($1.17) | ($1.10) | $0.06 | $0.10 |
| EPS - Diluted | $0.48 | ($0.91) | ($1.17) | ($1.10) | ($0.30) | $0.08 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $24.34M | $29.01M | $26.86M | $41.75M | $91.62M | $122.95M |
| Accounts Receivable | $41.27M | $33.06M | $37.80M | $34.57M | $25.43M | $29.11M |
| Inventory | $59.73M | $56.86M | $66.88M | $73.20M | $98.69M | $65.73M |
| Accounts Payable | $40.31M | $40.64M | $49.83M | $46.44M | $79.75M | $69.59M |
| Current Assets | $136.72M | $126.37M | $141.81M | $161.46M | $229.50M | $229.07M |
| Total Assets | $296.26M | $307.85M | $390.63M | $433.33M | $642.47M | $554.73M |
| Current Liabilities | $101.52M | $101.00M | $110.98M | $97.31M | $142.01M | $132.21M |
| Long-term Debt | $126.68M | $70.68M | $26.91M | $24.66M | $96.41M | $35.40M |
| Total Liabilities | $325.93M | $287.64M | $275.02M | $254.44M | $495.93M | $394.48M |
| Stockholders' Equity | ($29.69M) | $20.20M | $115.42M | $177.96M | $145.77M | $159.91M |
| Retained Earnings | ($625.28M) | ($573.87M) | ($475.97M) | ($351.51M) | ($261.82M) | ($4.56M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($33.83M) | ($17.85M) | ($54.66M) | ($28.77M) | ($30.90M) | $81.26M |
| Investing Cash Flow | ($8.28M) | ($7.53M) | ($16.06M) | ($34.50M) | ($57.06M) | ($39.14M) |
| Financing Cash Flow | $37.44M | $27.53M | $55.83M | $13.41M | $56.62M | $47.36M |
| CapEx | $8.08M | $7.24M | $14.39M | $35.38M | $53.94M | $27.88M |
| Free Cash Flow | ($41.91M) | ($25.09M) | ($69.05M) | ($64.15M) | ($84.84M) | $53.38M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 40.2% | 37.1% | 33.7% | 36.6% | 40.6% | 47.0% |
| Operating margin | -9.2% | -18.9% | -22.3% | -7.0% | -3.2% | 11.0% |
| EBITDA margin | -4.0% | -11.6% | -17.4% | -4.0% | -1.9% | 12.2% |
| Net margin | -11.0% | -20.1% | -23.7% | -15.6% | 0.6% | 0.6% |
| Free cash flow margin | -8.9% | -5.1% | -13.5% | -11.1% | -11.7% | 8.2% |
| FCF / Net income | 0.82 | 0.26 | 0.57 | 0.72 | -21.05 | 14.09 |
| R&D / Revenue | 2.0% | 2.7% | 2.3% | 1.5% | 1.0% | 0.9% |
| SG&A / Revenue | 13.6% | 14.2% | 16.5% | 13.3% | 9.9% | 6.2% |
| Effective tax rate | - | - | - | 172.8% | -43.2% | - |
| Return on assets | -17.4% | -31.8% | -30.9% | -20.7% | 0.6% | 0.7% |
| Return on equity | 173.2% | -484.7% | -104.6% | -50.4% | 2.8% | 2.4% |
| Return on invested capital | -35.0% | -80.1% | -63.1% | -9.9% | -9.6% | 28.8% |
| Liquidity | ||||||
| Current ratio | 1.35 | 1.25 | 1.28 | 1.66 | 1.62 | 1.73 |
| Quick ratio | 0.76 | 0.69 | 0.68 | 0.91 | 0.92 | 1.24 |
| Cash ratio | 0.24 | 0.29 | 0.24 | 0.43 | 0.65 | 0.93 |
| Leverage | ||||||
| Debt / Equity | -4.27 | 3.50 | 0.23 | 0.14 | 0.66 | 0.22 |
| Debt / Assets | 0.43 | 0.23 | 0.07 | 0.06 | 0.15 | 0.06 |
| Debt / EBITDA | - | - | - | - | - | 0.45 |
| Interest coverage | -1.5x | -5.3x | -57.8x | -11.4x | -12.5x | 15.3x |
| Equity multiplier | -9.98 | 15.24 | 3.38 | 2.43 | 4.41 | 3.47 |
| Liabilities / Assets | 1.10 | 0.93 | 0.70 | 0.59 | 0.77 | 0.71 |
| Efficiency | ||||||
| Asset turnover | 1.58 | 1.58 | 1.31 | 1.33 | 1.13 | 1.17 |
| Inventory turnover | 4.69 | 5.39 | 5.06 | 4.69 | 4.37 | 5.22 |
| Days sales outstanding | 32d | 25d | 27d | 22d | 13d | 16d |
| Days inventory outstanding | 78d | 68d | 72d | 78d | 84d | 70d |
| Days payable outstanding | 53d | 48d | 54d | 49d | 67d | 74d |
| Cash conversion cycle | 57d | 44d | 45d | 50d | 29d | 12d |
| Valuation | ||||||
| P / E | 1.4x | - | - | - | - | 411.7x |
| P / B | - | 4.1x | 0.9x | 2.2x | 6.1x | 9.2x |
| P / S | 0.2x | 0.2x | 0.2x | 0.7x | 1.2x | 2.3x |
| EV / EBITDA | - | - | - | - | - | 17.5x |
| Growth | ||||||
| Revenue growth (YoY) | -3.9% | -4.4% | -11.3% | -20.7% | 12.0% | 51.4% |
| Revenue CAGR (3y) | -6.6% | -12.4% | -7.7% | 10.4% | 54.5% | - |
| Revenue CAGR (5y) | -6.3% | 2.6% | 21.0% | - | - | - |
| Gross profit growth (YoY) | 4.1% | 5.4% | -18.4% | -28.6% | -3.3% | 61.5% |
| Operating income growth (YoY) | 53.3% | 18.9% | -182.4% | -72.4% | - | 339.3% |
| Net income growth (YoY) | 47.5% | 18.9% | -34.6% | - | 6.4% | - |
| EPS growth (YoY) | - | 22.2% | -6.4% | -266.7% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | 43.1% | - | - | - | - | - |
| FCF growth (YoY) | -67.0% | 63.7% | -7.6% | 24.4% | - | 328.5% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | - | -82.5% | -35.1% | 22.1% | -8.8% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$182.84M totalSales Category$182.84M · 100.0%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
-0.61
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Household Furniture
Comparing Purple Innovation against the 5 most active filers in the same SIC group.
Dividends
$0.00/share trailing 12 months
| Ex-date | Per share |
|---|---|
| Apr 27, 2023 | $0.0010 |