Purple Innovation, Inc. (PRPL) Income Statement
PRPL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPRPL revenue and net income
Where PRPL's revenue goes
2025Each bar shows an amount and its share of revenue. PRPL kept −11.0% of revenue as net income.
PRPL profit margins
PRPL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −3.9% | −6.5% | −6.3% | +55.0% |
| Gross profit | +4.1% | −3.2% | −9.2% | +63.5% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PRPL quarterly EPS vs estimates
Purple Innovation beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 3, 2026 (estimate $-1.07).
PRPL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $468.7M | $487.9M | $510.5M | $573.2M | $726.2M | $648.5M | $428.4M | $285.8M | $196.9M | $65.5M |
| Cost of revenue | $280.2M | $306.7M | $338.7M | $365.1M | $431.3M | $343.4M | $239.4M | $173.2M | $111.8M | $44.0M |
| Gross profit | $188.6M | $181.1M | $171.8M | $208.1M | $295.0M | $305.1M | $189.0M | $112.6M | $85.0M | $21.5M |
| Research & development | $9.6M | $13.0M | $11.9M | $8.8M | $6.9M | $6.0M | $3.9M | $2.1M | $1.4M | $792,000 |
| Sales, general & admin | $210.6M | $240.4M | $266.8M | $242.1M | $311.4M | $227.9M | $168.9M | $127.4M | $92.4M | $2.7M |
| Total operating expenses | $220.2M | $273.3M | $285.5M | $250.8M | $318.3M | $233.9M | $172.8M | $129.5M | $93.8M | $2.7M |
| Operating income | −$31.6M | −$92.2M | −$113.7M | −$42.8M | −$23.4M | $71.2M | $16.2M | −$16.9M | −$8.7M | −$2.7M |
| Interest income | — | — | — | — | — | — | $5.2M | $3.7M | $1.0M | $330,000 |
| Interest expense | $28.8M | $17.5M | $2.0M | $3.5M | $1.9M | $4.7M | $5.2M | $3.7M | $81,000 | $0 |
| Income before taxes | −$51.3M | −$98.0M | −$121.2M | $120.4M | $2.7M | −$273.5M | −$30.5M | −$19.6M | −$8.8M | −$2.3M |
| Income taxes | $207,000 | $63,000 | $8,000 | $213.2M | −$1.2M | −$43.7M | $400,000 | −$12.6M | $406,000 | −$330,000 |
| Net income | −$51.4M | −$97.9M | −$120.8M | −$92.5M | $4.0M | −$236.9M | −$22.6M | −$4.3M | −$8.8M | −$2.3M |
| EBITDA | $1.5M | −$45.2M | −$94.1M | $141.5M | $14.0M | −$261.0M | −$21.0M | −$13.7M | −$8.0M | −$2.3M |
| EPS (diluted) | −$7.52 | −$10.07 | −$12.65 | −$8.10 | $3.55 | $18.19 | $36.43 | −$4.28 | $0.06 | −$12.26 |
| Gross margin | 40.2% | 37.1% | 33.7% | 36.3% | 40.6% | 47.0% | 44.1% | 39.4% | 43.2% | 32.8% |
| Operating margin | −6.8% | −18.9% | −22.3% | −7.5% | −3.2% | 11.0% | 3.8% | −5.9% | −4.4% | −4.1% |
| Net margin | −11.0% | −20.1% | −23.7% | −16.1% | 0.6% | −36.5% | −5.3% | −1.5% | −4.5% | −3.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $98.3M | $95.7M | $140.7M | $118.8M | $105.1M | $104.2M | $129.0M | $118.6M | $120.3M | $120.0M | $145.9M | $140.0M |
| Cost of revenue | $53.9M | $60.5M | $81.7M | $67.9M | $67.4M | $63.1M | $73.7M | $83.4M | $71.3M | $78.3M | $97.5M | $92.7M |
| Gross profit | $44.4M | $35.2M | $59.0M | $50.9M | $37.7M | $41.0M | $55.3M | $35.2M | $48.9M | $41.7M | $48.5M | $47.3M |
| Research & development | $2.5M | $2.4M | $2.6M | $2.4M | $2.2M | $2.5M | $2.4M | $2.9M | $4.0M | $3.7M | $2.9M | $2.7M |
| Sales, general & admin | $46.2M | $49.6M | $58.6M | $55.3M | $45.6M | $51.1M | $59.5M | $60.2M | $59.5M | $61.2M | $61.8M | $70.3M |
| Total operating expenses | $48.7M | $52.0M | $61.2M | $63.0M | $51.9M | $55.5M | $63.0M | $82.0M | $63.5M | $64.9M | $64.7M | $79.9M |
| Operating income | −$4.2M | −$16.8M | −$2.2M | −$12.1M | −$14.2M | −$14.5M | −$7.7M | −$46.8M | −$14.5M | −$23.1M | −$16.2M | −$32.6M |
| Interest expense | $7.8M | $8.2M | $8.3M | $8.2M | $7.5M | $4.8M | $4.5M | $4.4M | $4.2M | $4.5M | $819,000 | $594,000 |
| Income before taxes | −$3.2M | −$30.5M | −$3.2M | −$11.7M | −$17.3M | −$19.1M | −$8.6M | −$39.2M | $45,000 | −$50.2M | −$18.5M | −$36.1M |
| Income taxes | $32,000 | $47,000 | $59,000 | $53,000 | $54,000 | $41,000 | −$113,000 | $63,000 | $54,000 | $59,000 | −$154,000 | $18,000 |
| Net income | −$3.2M | −$30.5M | −$3.2M | −$11.7M | −$17.3M | −$19.1M | −$8.5M | −$39.2M | $27,000 | −$50.2M | −$18.3M | −$36.0M |
| EBITDA | $9.1M | −$17.9M | $9.6M | $6.3M | −$5.0M | −$9.3M | $3.8M | −$20.2M | $10.6M | −$39.4M | −$11.6M | −$29.4M |
| EPS (diluted) | −$1.52 | −$3.25 | −$0.02 | −$2.00 | −$2.75 | −$2.75 | −$0.07 | −$2.00 | −$3.25 | −$4.75 | −$0.15 | −$4.50 |
| Gross margin | 45.2% | 36.8% | 41.9% | 42.8% | 35.9% | 39.4% | 42.9% | 29.7% | 40.7% | 34.8% | 33.2% | 33.8% |
| Operating margin | −4.3% | −17.6% | −1.6% | −10.2% | −13.5% | −13.9% | −6.0% | −39.5% | −12.1% | −19.3% | −11.1% | −23.3% |
| Net margin | −3.3% | −31.9% | −2.3% | −9.9% | −16.5% | −18.4% | −6.6% | −33.1% | 0.0% | −41.8% | −12.6% | −25.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PRPL's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PRPL financial results
In fiscal year 2025 (ended December 31, 2025), Purple Innovation reported revenue of $468.7 million, down 3.9% from the year before. It had a net loss of $51.4 million, a net profit margin of −11.0%. Diluted earnings per share came to −$7.52. Over five years revenue grew at an average rate of −6.3% a year.
See the PRPL stock overview for the latest quote and news, or the PRPL chart for price history and technical indicators.
PRPL income statement FAQ
What is Purple Innovation's annual revenue?
Purple Innovation reported total revenue of $468.7 million for fiscal year 2025, which ended on December 31, 2025. That was down 3.9% from $487.9 million the previous year.
Is Purple Innovation profitable?
No. Purple Innovation reported a net loss of $51.4 million in fiscal 2025, a net profit margin of −11.0%; its operating margin was −6.8%.
What is Purple Innovation's gross margin?
Purple Innovation's gross margin was 40.2% in fiscal 2025: for every $100 of revenue, Purple Innovation kept $40 after the direct cost of its products and services.
How much does Purple Innovation spend on research and development?
Purple Innovation spent $9.6 million on research and development in fiscal 2025, 2.0% of revenue.
How fast is Purple Innovation growing?
Revenue grew −6.3% a year on average over the last five fiscal years, from $648.5 million to $468.7 million.
What are Purple Innovation's earnings per share?
Purple Innovation earned $-7.52 per diluted share in fiscal 2025, compared with $-10.07 a year earlier.
When will Purple Innovation report its next earnings?
Purple Innovation is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Purple Innovation's fiscal year end?
Purple Innovation's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.