Purple Innovation, Inc. PRPL
the greatest sleep ever invented.
digitally-native vertical brand founded on comfort product innovation with premium offerings, and have since expanded into brick
& mortar stores as a true omni-channel brand. We offer a variety of innovative, branded and premium comfort products, including
mattresses, pillows, cushions, bases, sheets and more. Our products are the result of decades of innovation and investment in
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $468.7M | $487.9M | $510.5M | $573.2M | $725.0M | $648.5M | $428.4M | $285.8M | $196.9M | — |
| Cost of revenue | $280.2M | $306.7M | $338.7M | $365.1M | $431.3M | $343.4M | $239.4M | $173.2M | $111.8M | — |
| Gross profit | $188.6M | $181.1M | $171.8M | $208.1M | $293.7M | $305.1M | $189.0M | $112.6M | $85.0M | — |
| R&D | $9.6M | $13.0M | $11.9M | $8.8M | $6.9M | $6.0M | $3.9M | $2.1M | $1.4M | — |
| SG&A | $63.6M | $69.1M | $84.4M | $76.7M | $72.1M | $39.9M | $26.9M | $23.6M | $13.2M | $2.7M |
| Total operating expenses | $231.6M | $273.3M | $285.5M | $250.8M | $318.3M | $233.9M | $172.8M | $129.5M | $93.8M | — |
| Operating income | -$43.0M | -$92.2M | -$113.7M | -$42.8M | -$24.6M | $71.2M | $16.2M | -$16.9M | -$8.7M | -$2.7M |
| Interest expense | $28.8M | $17.5M | $2.0M | $3.5M | $1.9M | $4.7M | $5.2M | $3.7M | $81.0K | — |
| Pre-tax income | -$51.3M | -$98.0M | -$121.2M | $120.4M | $1.4M | -$273.5M | -$30.5M | -$19.6M | $1.2M | -$2.3M |
| Income tax | $207.0K | $63.0K | $8.0K | $8.0K | $1.5M | $43.7M | $400.0K | — | $406.0K | — |
| Net income | -$51.4M | -$97.9M | -$120.8M | -$92.5M | $3.1M | -$236.9M | -$22.6M | -$4.3M | -$8.8M | -$2.3M |
| 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 |
| Shares, diluted (wtd. avg.) | 108.2M | 107.3M | 103.9M | 81.8M | 67.3M | 39.2M | 10.0M | — | 17.7M | 4.8M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $24.3M | $29.0M | $26.9M | $41.8M | $91.6M | $123.0M | $33.5M | $12.2M | $3.6M | $4.0M |
| Receivables | $41.3M | $33.1M | $37.8M | $34.6M | $25.4M | $29.1M | $28.7M | $10.2M | $4.2M | — |
| Inventory | $59.7M | $56.9M | $66.9M | $73.2M | $98.7M | $65.7M | $47.6M | $22.9M | $13.3M | — |
| Total current assets | $136.7M | $126.4M | $141.8M | $161.5M | $229.5M | $229.1M | $114.1M | $47.7M | $22.9M | $278.0K |
| Property, plant and equipment | $78.0M | $93.9M | $128.7M | $136.7M | $112.6M | $61.5M | $32.0M | $22.5M | $13.5M | — |
| Goodwill | — | $6.9M | — | $4.9M | — | — | — | — | — | — |
| Other intangibles | $6.3M | $8.9M | $22.2M | $26.2M | $13.2M | $9.9M | $1.1M | $1.5M | $1.3M | — |
| Total assets | $296.3M | $307.8M | $390.6M | $433.3M | $642.5M | $554.7M | $147.7M | $71.7M | $37.7M | $155.8M |
| Accounts payable | $40.3M | $40.6M | $49.8M | $46.4M | $79.8M | $69.6M | $50.2M | $24.8M | $21.1M | $199.0K |
| Short-term debt | — | $55.4M | $26.9M | $23.7M | $96.4M | $2.0M | — | — | — | — |
| Total current liabilities | $101.5M | $101.0M | $111.0M | $98.1M | $142.0M | $132.2M | $86.9M | $48.6M | $41.2M | $1.9M |
| Long-term debt | $126.7M | $70.7M | $26.9M | $23.7M | $96.4M | $43.4M | $35.4M | $26.6M | $8.0M | — |
| Total liabilities | $325.9M | $287.6M | $275.0M | $258.2M | $495.9M | $487.2M | $176.3M | $73.7M | $51.6M | $6.5M |
| Retained earnings | -$625.3M | -$573.9M | -$476.0M | -$355.2M | -$261.8M | -$265.9M | -$29.0M | -$4.3M | -$1.8M | -$2.6M |
| Total equity | -$29.7M | $20.2M | $115.6M | $175.2M | $145.6M | $67.5M | -$28.5M | -$7.3M | -$13.9M | -$812.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$33.8M | -$17.9M | -$54.7M | -$28.8M | -$30.9M | $81.3M | $22.9M | -$21.7M | $5.0M | -$811.0K |
| Depreciation and amortisation | $24.1M | $35.4M | $25.1M | $17.5M | $9.5M | $7.9M | $4.3M | $2.2M | $741.0K | — |
| Stock-based compensation | $1.7M | $2.8M | $4.9M | $3.4M | $3.4M | $2.2M | $10.1M | $487.0K | — | — |
| Capital expenditure | $8.1M | $7.2M | $14.4M | $35.4M | $53.9M | $27.9M | $10.5M | $11.3M | $7.6M | — |
| Investing cash flow | -$8.3M | -$7.5M | -$16.1M | -$34.5M | -$57.1M | -$39.1M | -$10.8M | -$11.7M | -$8.7M | — |
| Financing cash flow | $37.4M | $27.5M | $55.8M | $13.4M | $56.6M | $47.4M | $9.1M | $41.9M | $3.3M | — |
| Dividends paid | — | — | — | $100.0K | — | — | — | — | — | — |
| Buybacks | — | — | — | — | — | — | $97.0K | — | $34.2M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-046358.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $196.9M | $285.8M | $428.4M | $648.5M | $725.0M | $573.2M | $510.5M | $487.9M | $468.7M |
| Gross profit | — | $85.0M | $112.6M | $189.0M | $305.1M | $293.7M | $208.1M | $171.8M | $181.1M | $188.6M |
| Net income | -$2.3M | -$8.8M | -$4.3M | -$22.6M | -$236.9M | $3.1M | -$92.5M | -$120.8M | -$97.9M | -$51.4M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Shareholder vote Item 5.07
- Officer or director change Item 5.02
- Delisting notice Item 3.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 2510
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| SGI | SOMNIGROUP INTERNATIONAL INC. | $13.61B | 35.2x | 51.6% |
| LEG | LEGGETT & PLATT INC | $1.26B | 5.4x | -7.5% |
| LZB | LA-Z-BOY INC | $1.20B | 12.1x | 0.8% |
| CODI | Compass Diversified Holdings | $783.2M | — | 4.8% |
| XMAX | XMax Inc. | $558.8M | — | 72.6% |
| FLXS | FLEXSTEEL INDUSTRIES INC | $344.4M | 13.9x | 4.1% |
| HOFT | HOOKER FURNISHINGS Corp | $137.3M | — | -12.4% |
| NTZ | NATUZZI S P A | — | — | — |