Every 8-K 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 8-K covers material events a company has to report between its quarterly 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. received notice from Nasdaq that its Market Value of Publicly Held Shares (MVPHS) had been below the $15 million continued-listing minimum for 30 consecutive business days. The notice has no immediate effect on the listing or trading of its Class A common stock.
The company says it has a 180-calendar-day compliance period from the September 30, 2026 notification, while identifying March 29, 2026 as the Compliance Date. To regain compliance, MVPHS must close at $15 million or more for at least 10 consecutive business days during the compliance period. If it does not, Nasdaq will notify the company that its securities are subject to delisting; the company may appeal a delisting determination or consider a transfer to the Nasdaq Capital Market if it satisfies that market’s continued-listing requirements.
Purple Innovation, Inc. reported second-quarter 2026 net revenue of $98.3 million, down 6.5% from $105.1 million a year earlier, as weaker wholesale demand offset growth in direct-to-consumer channels. Showroom revenue rose 16.6% while e-commerce revenue slipped 1.4%; wholesale revenue declined 19.1% to $37.4 million.
Gross profit increased to $44.4 million and gross margin reached 45.2%, helped by a $5.3 million tariff refund and cost reclassification. Operating expenses fell about 14.3% to $48.7 million, reflecting lower restructuring and employee-related costs. GAAP net loss narrowed to $3.2 million from $17.3 million, and adjusted EBITDA improved to a positive $2.1 million from a $2.4 million loss.
Purple ended the quarter with $23.3 million of cash and cash equivalents and generated $3.6 million of operating cash flow in the first half of 2026. The company regained compliance with the Nasdaq minimum bid price requirement. For full-year 2026, revenue guidance was lowered to $420–$440 million, while adjusted EBITDA is projected at $20–$25 million.
Purple Innovation, Inc. describes a Nasdaq Hearings Panel decision granting continued listing, conditional on regaining compliance with Nasdaq’s bid-price rule. The company must show a closing bid of at least $1.00 per share for a minimum of ten consecutive trading days on or before July 31, 2026.
To support compliance, stockholders approved a reverse stock split, and the board set the final ratio at 1-for-25. The split became effective before trading on July 20, 2026, when the common stock opened on Nasdaq on a split-adjusted basis at $7.12 per share. The company notes that failure to meet the conditions could lead to delisting, subject to further Nasdaq review processes.
Purple Innovation, Inc. is implementing a 1-for-25 reverse stock split of its Class A and Class B common stock. A Certificate of Amendment was filed in Delaware and becomes effective at 11:59 pm Eastern Time on July 19, 2026, with split-adjusted trading on the Nasdaq Global Select Market beginning July 20, 2026.
Every 25 issued and outstanding shares will be automatically combined into 1 share, applied uniformly to all stockholders. No fractional shares will be issued; share counts will be rounded up to the next whole share. Immediately after effectiveness, there will be approximately 4,353,026 Class A shares and 6,522 Class B shares outstanding. Rights and preferences of the common stock are unchanged, and all warrants, stock options, and other securities are proportionally adjusted. Pacific Stock Transfer Company will act as exchange agent.
Purple Innovation, Inc. reported results from a special meeting of stockholders and changes to its chief executive officer’s compensation. Stockholders approved a reverse stock split and a possible adjournment of the meeting, each receiving substantially more votes for than against.
The board and CEO Robert T. DeMartini agreed to amend his employment agreement. He is now eligible for an incremental cash bonus of $1,000,000, vesting 10% on October 31, 2026, 20% on February 28, 2027, and 70% on June 30, 2027, subject to continued employment and conditions. In the event of a qualifying retirement, his unvested time-based RSUs may continue to vest for an additional 12 months and his outstanding PSUs may vest on a pro‑rata basis depending on performance.
Purple Innovation, Inc. reported the results of its annual shareholder meeting held on June 9, 2026. Stockholders elected eight directors, including S. Hoby Darling, Robert DeMartini, Gary DiCamillo, Neil Fiske, Adam Gray, Claudia Hollingsworth, D. Scott Peterson, and Erika Serow, with strong majorities of votes cast.
Shareholders also approved the company’s executive compensation in an advisory vote and ratified BDO USA, LLP as the independent registered public accounting firm, with 87,996,036 votes in favor. These outcomes indicate overall support for the current board, leadership, and audit arrangements.
Purple Innovation, Inc. reported that its Chief Operating Officer, Eric Haynor, has resigned from his role effective June 5, 2026. The company states that his resignation is not due to any disagreement regarding operations, policies, or practices. A replacement COO has not yet been appointed.
Purple Innovation, Inc. has received a Nasdaq notice that its Class A common stock no longer meets the $1.00 minimum bid price requirement, after trading below this level for 30 consecutive business days. The company did not regain compliance by May 4, 2026 and is not eligible for a second 180‑day grace period.
Unless Purple Innovation appeals by May 12, 2026, its shares are scheduled for delisting and suspension from Nasdaq at the opening of business on May 14, 2026, followed by a Form 25‑NSE to remove the securities from listing and registration. The company plans to appeal to the Nasdaq Hearings Panel, which is expected to stay any suspension during the hearing process, and is considering a reverse stock split as part of its plan to regain compliance, though there is no assurance of a favorable outcome.
Purple Innovation, Inc. reported weaker results for the first quarter of 2026 and announced a CFO transition. Net revenue was $95.7 million, down about 8.1% from a year earlier, with softness in e-commerce and wholesale partly offset by showroom growth. Gross profit was $35.2 million, or 36.8% of revenue, and operating expenses fell 6.3% to $52.0 million due to cost savings and prior restructuring, but the company still posted a net loss of $30.5 million versus $19.1 million last year. Adjusted EBITDA was $(4.8) million, roughly flat year over year. Cash and equivalents were $25.0 million and inventories were $58.1 million as of March 31, 2026.
For 2026, Purple reduced its full-year net revenue outlook to $465–$485 million from $500–$520 million, while reaffirming adjusted EBITDA guidance of $20–$30 million. The company is evaluating strategic alternatives and highlighted early traction for its premium Purple Royale line and continued progress in showrooms and wholesale. Separately, CFO Todd Vogensen will leave effective May 1, 2026, and the board appointed Robert (Bob) Lucian, former La-Z-Boy CFO, as the new Chief Financial Officer under an offer letter providing a $600,000 base salary, bonuses and equity incentives.
Purple Innovation, Inc. amended its existing credit agreement and reported improved fourth quarter and full year 2025 results. The Third Amendment extends the loan maturity date from December 31, 2026 to April 30, 2027 and waives a requirement that 2025 financial statements be free of any “going concern” qualification, in exchange for an approximately $1.6 million amendment fee and about $253,000 of reimbursed expenses. In the fourth quarter, revenue rose to $140.7 million, gross profit reached $59.0 million with a 41.9% margin, and net loss narrowed to $3.2 million while adjusted EBITDA improved to $8.8 million. For full year 2025, revenue was $468.7 million, gross margin increased to 40.2%, net loss attributable to Purple improved to $51.4 million, and adjusted EBITDA turned positive at $1.9 million. The company ended 2025 with $24.3 million in cash and guided 2026 revenue to $500–$520 million and adjusted EBITDA to $20–$30 million.
Purple Innovation (PRPL) reported a Nasdaq compliance notice. The company fell out of compliance with Nasdaq Listing Rule 5450(a)(1) after its Class A common stock’s closing bid stayed below $1.00 per share for 30 consecutive business days. The notice has no immediate effect on trading on the Nasdaq Global Select Market.
Purple has 180 calendar days, until May 4, 2026, to regain compliance by achieving a closing bid of at least $1.00 for ten consecutive business days. If it does not regain compliance by then, the company may seek an additional 180-day period by transferring to the Nasdaq Capital Market, subject to meeting that market’s initial standards (other than bid price) and notifying Nasdaq it intends to cure the deficiency, which may include a reverse stock split. If compliance is not restored or a transfer is not permitted, Nasdaq could move to delist, and the company could appeal.
Purple Innovation, Inc. furnished an 8‑K to announce it issued a press release with financial results for the third quarter ended September 30, 2025. The press release is attached as Exhibit 99.1.
The company stated the information under Item 2.02, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act. The release includes non‑GAAP financial measures, with reconciliations to the most comparable GAAP figures provided in the press release.
On August 7, 2025, Purple Innovation, Inc. amended two executive compensation arrangements. The company executed an amendment to Robert T. DeMartini’s Amended and Restated Employment Agreement to revise the definition of a change in control. On the same date the Board approved an amendment to the form Restricted Share Unit (RSU) Agreement for selected senior leaders that provides 100% vesting of each participant’s RSUs if the company terminates the participant’s employment without cause and likewise revises the change-in-control definition.
The filings incorporate the full amendment texts as Exhibits 10.1 and 10.2 and include the Inline XBRL cover page as Exhibit 104. Named officers referenced include Todd Vogensen, John J. Roddy, and Eric S. Haynor. The summaries reported here are qualified in their entirety by the filed exhibits.