Every 10-Q that Purple Innovation, Inc. (PRPL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PRPL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PRPL filings page.
Purple Innovation, Inc. reported lower sales and continued losses for the three and six months ended June 30, 2026, while liquidity pressures led management to conclude that there is substantial doubt about its ability to continue as a going concern. Net revenues were $98.3 million for the quarter and $194.0 million year‑to‑date, with a net loss attributable to Purple Innovation of $3.2 million for the quarter and $33.8 million for the first half. Cash and cash equivalents were $23.3 million at June 30, 2026.
The company has a large related‑party term loan outstanding, with related‑party debt of $127.0 million classified as current and an effective interest rate just above 14%, largely paid as paid‑in‑kind interest that increases principal. Despite this leverage, operating cash flow improved significantly to $3.6 million provided in the first half of 2026 from a $27.1 million use a year earlier, helped by working‑capital improvements and a $5.5 million refund of invalidated U.S. tariffs, of which $5.3 million reduced cost of sales.
Restructuring to consolidate manufacturing is complete, with lower restructuring and impairment charges versus 2025. The company also reclassified merchant and financing fees from cost of revenues to marketing and sales and entered expanded commercial and supply arrangements with SGI/Mattress Firm that include consideration payable to customers and warrant issuances accounted for as $15.7 million of warrant liabilities. A 1‑for‑25 reverse stock split was approved in July 2026 to maintain listing compliance without changing total authorized shares.
Purple Innovation, Inc. reported weaker results for the three months ended March 31, 2026 and raised substantial doubt about its ability to continue as a going concern. Revenue fell to $95.7 million from $104.2 million a year earlier, and the company posted a net loss of $30.6 million, or $0.28 per share. Balance sheet pressure intensified, with an accumulated deficit of $655.8 million, negative stockholders’ equity of $60.1 million, and related party debt of $132.5 million (carrying value $119.2 million). Interest expense rose significantly and a $7.0 million non‑cash loss from warrant remeasurement increased total other expense. Despite these headwinds, operating cash flow turned positive at $3.0 million, and management highlighted restructuring, cost‑saving measures, expanded distribution agreements, and a debt maturity extension to April 30, 2027 as key elements of its liquidity plan.
Purple Innovation, Inc. (PRPL) filed its Q3 2025 10‑Q, showing steady revenue and a smaller operating loss versus last year. Revenue was $118,766, with gross profit of $50,851 and an operating loss of $12,126 compared with a $46,813 loss a year ago. Net loss was $11,720 (basic and diluted loss per share $0.11).
Channel mix reflected a balanced model: wholesale $51,541, e‑commerce $45,275, and showrooms $21,950. Cash and cash equivalents were $32,358 as of September 30, 2025, and the company reported a stockholders’ deficit of $(26,939). Related party debt (net of issuance costs) was $102,889, with interest largely paid‑in‑kind year‑to‑date.
The company continued executing its 2024 restructuring, cumulatively recognizing $48,779 in restructuring, impairment, and related charges through Q3 2025, while noting cost actions and supply chain initiatives. A commercial update with Mattress Firm (SGI) expands product placement from ~5,000 to at least 12,000 mattress slots. Management concluded it has sufficient liquidity for at least one year from issuance.