Purple Innovation, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 03/31/23 | FY 12/31/22 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $468.7M | $487.9M | $510.5M | — | $573.2M |
| Cost of revenue | $280.2M | $306.7M | $338.7M | — | $365.1M |
| Gross profit | $188.6M | $181.1M | $171.8M | — | $208.1M |
| Research and development | $9.6M | $13.0M | $11.9M | — | $8.8M |
| Operating expenses | $231.6M | $273.3M | $285.5M | — | $250.8M |
| Operating income | -$43.0M | -$92.2M | -$113.7M | — | -$42.8M |
| Interest expense | $28.8M | $17.5M | $2.0M | — | $3.5M |
| Pretax income | -$51.3M | -$98.0M | -$121.2M | — | $120.4M |
| Income tax expense | $207,000 | $63,000 | $8,000 | $8,000 | $213.2M |
| Net income | -$51.4M | -$97.9M | -$120.8M | — | -$92.5M |
| Balance Sheet | |||||
| Cash and equivalents | $24.3M | $29.0M | $26.9M | — | $41.8M |
| Current assets | $136.7M | $126.4M | $141.8M | — | $161.5M |
| Total assets | $296.3M | $307.8M | $390.6M | — | $433.3M |
| Current liabilities | $101.5M | $101.0M | $111.0M | — | $98.1M |
| Total liabilities | $325.9M | $287.6M | $275.0M | — | $258.2M |
| Total debt | — | — | — | — | $100.4M |
| Stockholders' equity | -$29.7M | $20.2M | $115.4M | — | $174.3M |
| Cash Flow Statement | |||||
| Cash from operations | -$33.8M | -$17.9M | -$54.7M | — | -$28.8M |
| Depreciation and amortization | $24.1M | $35.4M | $25.1M | — | $17.5M |
| Stock-based compensation | $1.7M | $2.8M | $4.9M | — | $3.4M |
| Capital expenditure | $8.1M | $7.2M | $14.4M | — | $35.4M |
| Free cash flow | -$41.9M | -$25.1M | -$69.1M | — | -$64.1M |
| Dividends paid | — | — | — | — | $100,000 |
| Impairments | — | $20.2M | $6.9M | — | — |
Shares outstanding 109.0M · Free float 23.7%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.