Purple Innovatio Financials
Purple Innovatio (PRPL) reported $453.5M in revenue over the twelve months to Jun 30, 2026, down 0.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 10 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Improving gross margins coexist with persistent cash deficits and a balance sheet that has moved into negative equity.
Gross margin recovered to40.2% in FY2025 from33.7% in FY2023 while revenue contracted, pointing to margin improvement without volume expansion. Lower SG&A reached$63.6M , yet operating cash flow was-$33.8M ; expense control improved the income statement without restoring cash break-even.
Operating loss narrowed to
Total liabilities reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Purple Innovatio's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Purple Innovatio has an operating margin of -9.2%, meaning the company loses $9 on every $100 of revenue. This results in a profitability score of 28/100. This is up from -18.9% the prior year.
Purple Innovatio's revenue declined 3.9% year-over-year, from $487.9M to $468.7M. This contraction results in a growth score of 20/100.
Purple Innovatio's current ratio of 1.35 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.
Purple Innovatio's operations used $33.8M of cash, and capex of $8.1M added to the outflow, for a free cash flow shortfall of $41.9M. This results in a cash flow score of 17/100.
Purple Innovatio scores -1.68, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($18.6M) relative to total liabilities ($325.9M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Purple Innovatio passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Purple Innovatio reported a net loss of $51.4M while operations used $33.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
Purple Innovatio reported an operating loss of $43.0M against $28.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Purple Innovatio generated $468.7M in revenue in fiscal year 2025. This represents a decrease of 3.9% from the prior year.
Purple Innovatio's EBITDA was -$19.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 66.6% from the prior year.
Purple Innovatio reported -$51.4M in net income in fiscal year 2025. This represents an increase of 47.5% from the prior year.
Purple Innovatio earned $0.48 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 47.3% from the prior year.
Cash & Balance Sheet
Purple Innovatio recorded an outflow of $41.9M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 67.0% from the prior year.
Purple Innovatio held $24.3M in cash against $126.7M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Purple Innovatio's gross margin was 40.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 3.1 percentage points from the prior year.
Purple Innovatio's operating margin was -9.2% in fiscal year 2025, reflecting core business profitability. This is up 9.7 percentage points from the prior year.
Purple Innovatio's net profit margin was -11.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 9.1 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Purple Innovatio invested $9.6M in research and development in fiscal year 2025. This represents a decrease of 25.9% from the prior year.
Purple Innovatio invested $8.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 11.5% from the prior year.
Not reported for fiscal year 2025.
PRPL Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $98.3M+2.7% | $95.7M-32.0% | $140.7M+18.5% | $118.8M+13.0% | $105.1M+0.9% | $104.2M-19.2% | $129.0M+8.7% | $118.6M |
| Cost of Revenue | $53.9M-11.0% | $60.5M-30.0% | $86.5M+27.4% | $67.9M+8.5% | $62.6M-0.9% | $63.1M-14.3% | $73.7M-11.6% | $83.4M |
| Gross Profit | $44.4M+26.2% | $35.2M-35.0% | $54.1M+6.5% | $50.9M+19.6% | $42.5M+3.6% | $41.0M-25.7% | $55.3M+57.1% | $35.2M |
| R&D Expenses | $2.5M+1.5% | $2.4M-6.1% | $2.6M+10.1% | $2.4M+8.7% | $2.2M-11.2% | $2.5M+2.6% | $2.4M-18.2% | $2.9M |
| SG&A Expenses | $12.4M-31.0% | $18.0M-4.5% | $18.9M+24.2% | $15.2M+1.4% | $15.0M+3.5% | $14.5M+3.4% | $14.0M-18.9% | $17.3M |
| Operating Income | -$4.3M+74.8% | -$16.8M-670.8% | -$2.2M+82.0% | -$12.1M+14.8% | -$14.2M+1.7% | -$14.5M-88.2% | -$7.7M+83.6% | -$46.8M |
| Interest Expense | $7.8M-5.0% | $8.2M-1.5% | $8.3M+1.7% | $8.2M+10.0% | $7.5M+56.5% | $4.8M+6.3% | $4.5M+2.0% | $4.4M |
| Income Tax | $32K-31.9% | $47K-20.3% | $59K+11.3% | $53K-1.9% | $54K+31.7% | $41K+136.3% | -$113K-279.4% | $63K |
| Net Income | -$3.2M+89.4% | -$30.5M-850.8% | -$3.2M+72.6% | -$11.7M+32.4% | -$17.3M+9.4% | -$19.1M-125.7% | -$8.5M+78.4% | -$39.2M |
| EPS (Diluted) | -$0.74 | -$0.28-1033.3% | $0.03-72.7% | $0.11+102.7% | -$4.01 | -$0.18-157.1% | -$0.07-119.4% | $0.36 |
PRPL Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $264.5M-2.8% | $272.0M-8.2% | $296.3M-1.9% | $302.1M-0.5% | $303.8M+3.4% | $293.8M-4.6% | $307.8M-0.5% | $309.3M |
| Current Assets | $114.5M-1.0% | $115.6M-15.5% | $136.7M+0.2% | $136.4M+8.3% | $125.9M+11.0% | $113.4M-10.3% | $126.4M+2.6% | $123.2M |
| Cash & Equivalents | $23.3M-6.6% | $25.0M+2.5% | $24.3M-24.8% | $32.4M-5.5% | $34.2M+58.4% | $21.6M-25.5% | $29.0M+24.0% | $23.4M |
| Inventory | $55.4M-4.6% | $58.1M-2.7% | $59.7M-9.2% | $65.8M+8.0% | $60.9M+1.2% | $60.2M+5.8% | $56.9M-5.0% | $59.9M |
| Accounts Receivable | $26.2M+24.1% | $21.1M-48.8% | $41.3M+63.7% | $25.2M+19.6% | $21.1M-13.6% | $24.4M-26.2% | $33.1M+11.4% | $29.7M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | $6.9M | N/A |
| Total Liabilities | $328.3M-1.2% | $332.1M+1.9% | $325.9M-0.9% | $329.0M+3.0% | $319.4M+9.2% | $292.4M+1.7% | $287.6M+2.3% | $281.3M |
| Current Liabilities | $219.7M+135.7% | $93.2M-8.2% | $101.5M+4.6% | $97.1M+15.0% | $84.4M+1.0% | $83.6M-17.2% | $101.0M+6.9% | $94.5M |
| Long-Term Debt | N/A | N/A | $126.7M | N/A | N/A | N/A | $70.7M+39.1% | $50.8M |
| Total Equity | -$63.8M-6.1% | -$60.1M-102.5% | -$29.7M-10.2% | -$26.9M-72.3% | -$15.6M-1267.1% | $1.3M-93.4% | $20.2M-27.8% | $28.0M |
| Retained Earnings | -$659.1M-0.5% | -$655.8M-4.9% | -$625.3M-0.5% | -$622.1M-1.9% | -$610.3M-2.9% | -$593.0M-3.3% | -$573.9M-1.5% | -$565.4M |
PRPL Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $647K-78.4% | $3.0M+151.5% | -$5.8M-499.2% | -$968K+75.8% | -$4.0M+82.7% | -$23.1M-441.2% | $6.8M+504.2% | $1.1M |
| Capital Expenditures | $1.9M+20.7% | $1.6M-19.5% | $2.0M+134.5% | $854K-71.4% | $3.0M+33.0% | $2.2M+106.7% | $1.1M+6.5% | $1.0M |
| Free Cash Flow | -$1.3M-194.3% | $1.4M+117.6% | -$7.8M-328.3% | -$1.8M+73.9% | -$7.0M+72.5% | -$25.3M-545.9% | $5.7M+5520.8% | $101K |
| Investing Cash Flow | -$2.3M-13.2% | -$2.0M+8.1% | -$2.2M-140.0% | -$922K+69.3% | -$3.0M-39.9% | -$2.1M-86.6% | -$1.1M-1.9% | -$1.1M |
| Financing Cash Flow | $0+100.0% | -$346K | $0 | $0-100.0% | $19.6M+10.0% | $17.8M | $0 | $0 |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
PRPL Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.2%+8.4pp | 36.8%-1.7pp | 38.5%-4.3pp | 42.8%+2.4pp | 40.5%+1.1pp | 39.4%-3.5pp | 42.9%+13.2pp | 29.7% |
| Operating Margin | -4.3%+13.3pp | -17.6%-16.0pp | -1.6%+8.7pp | -10.2%+3.3pp | -13.6%+0.4pp | -13.9%-7.9pp | -6.0%+33.5pp | -39.5% |
| Net Margin | -3.3%+28.6pp | -31.9%-29.6pp | -2.3%+7.6pp | -9.9%+6.6pp | -16.5%+1.9pp | -18.4%-11.8pp | -6.6%+26.5pp | -33.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | -1428.1%-1386.2pp | -42.0%+98.3pp | -140.3% |
| Return on Assets | -1.2%+10.0pp | -11.2%-10.1pp | -1.1%+2.8pp | -3.9%+1.8pp | -5.7%+0.8pp | -6.5%-3.8pp | -2.8%+9.9pp | -12.7% |
| Current Ratio | 0.52-0.7x | 1.24-0.1x | 1.35-0.1x | 1.40-0.1x | 1.49+0.1x | 1.36+0.1x | 1.25-0.1x | 1.30 |
| Debt-to-Equity | N/A | N/A | N/A | N/A | N/A | 218.24+214.7x | 3.50+1.7x | 1.82 |
| FCF Margin | -1.3%-2.8pp | 1.4%+7.0pp | -5.5%-4.0pp | -1.5%+5.1pp | -6.6%+17.7pp | -24.3%-28.7pp | 4.4%+4.3pp | 0.1% |
Note: Shareholder equity is negative (-$29.7M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
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Where Purple Innovatio Ranks
Frequently Asked Questions
What is Purple Innovatio's annual revenue?
Purple Innovatio (PRPL) reported $468.7M in total revenue for fiscal year 2025. This represents a -3.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Purple Innovatio's revenue growing?
Purple Innovatio (PRPL) revenue declined by 3.9% year-over-year, from $487.9M to $468.7M in fiscal year 2025.
Is Purple Innovatio profitable?
No, Purple Innovatio (PRPL) reported a net income of -$51.4M in fiscal year 2025, with a net profit margin of -11.0%.
What is Purple Innovatio's EBITDA?
Purple Innovatio (PRPL) had EBITDA of -$19.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Purple Innovatio have?
As of fiscal year 2025, Purple Innovatio (PRPL) had $24.3M in cash and equivalents against $126.7M in long-term debt.
What is Purple Innovatio's gross margin?
Purple Innovatio (PRPL) had a gross margin of 40.2% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Purple Innovatio's operating margin?
Purple Innovatio (PRPL) had an operating margin of -9.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Purple Innovatio's net profit margin?
Purple Innovatio (PRPL) had a net profit margin of -11.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Purple Innovatio's free cash flow?
Purple Innovatio (PRPL) recorded an outflow of $41.9M in free cash flow during fiscal year 2025. This represents a -67.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Purple Innovatio's operating cash flow?
Purple Innovatio (PRPL) recorded an outflow of $33.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Purple Innovatio's total assets?
Purple Innovatio (PRPL) had $296.3M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Purple Innovatio's capital expenditures?
Purple Innovatio (PRPL) invested $8.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Purple Innovatio spend on research and development?
Purple Innovatio (PRPL) invested $9.6M in research and development during fiscal year 2025.
What is Purple Innovatio's current ratio?
Purple Innovatio (PRPL) had a current ratio of 1.35 as of fiscal year 2025, which is considered adequate.
What is Purple Innovatio's return on assets (ROA)?
Purple Innovatio (PRPL) had a return on assets of -17.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does Purple Innovatio's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, Purple Innovatio (PRPL) held $24.3M in cash, cash equivalents and investments, and reported an operating cash outflow of $33.8M over that year. Dividing the one by the other, the reported balance equals about 9 months of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is Purple Innovatio's debt-to-equity ratio negative or not reported?
Purple Innovatio (PRPL) has negative shareholder equity of -$29.7M as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Purple Innovatio's Altman Z-Score?
Purple Innovatio (PRPL) has an Altman Z-Score of -1.68, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Purple Innovatio's Piotroski F-Score?
Purple Innovatio (PRPL) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Purple Innovatio's earnings high quality?
Purple Innovatio (PRPL) reported a net loss of $51.4M while operations used $33.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Purple Innovatio cover its interest payments?
Purple Innovatio (PRPL) reported an operating loss of $43.0M against $28.8M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Purple Innovatio?
Purple Innovatio (PRPL) scores 23 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.