Purple Innovation (PRPL) Financial Statements & Analysis

Purple Innovation (PRPL) Income Statement

Purple Innovation reported revenue of $468.73M in fiscal 2025 (fiscal year ended Mar 31, 2026), down 3.9% from $487.88M a year earlier. Purple Innovation posted a net loss of $51.41M, compared with a net loss of $97.90M a year earlier. Gross margin was 40.2% and operating margin -6.8%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $98.27M, down 6.5% from the same quarter a year earlier.

Purple Innovation Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Purple Innovation, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Mar 2026	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	468.73	468.73	487.88	510.54	573.20	725.00	648.47	428.36	285.79	196.86
Cost of Revenue	280.17	279.17	306.75	338.72	365.11	431.25	343.37	239.39	173.19	111.84
Gross Profit	188.56	188.56	181.13	171.83	208.09	293.75	305.10	188.97	112.60	85.02
Operating Expenses
Research & Development	9.60	9.60	12.96	11.90	8.76	6.94	5.96	3.86	2.10	1.39
Selling, General & Administrative	210.60	210.60	240.38	266.76	238.19	311.39	227.92	168.89	127.40	92.38
Operating Expenses	220.20	232.58	253.34	285.54	250.85	314.31	233.87	172.76	129.50	93.77
Operating Income	-31.64	-43.03	-72.21	-113.71	-42.75	-20.56	71.23	16.21	-16.89	-8.75
Other Income/Expense
Interest Income	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	28.77	28.77	17.51	1.97	-3.54	1.87	4.65	5.18	3.73	0.08
Other Income/Expense	-19.66	-8.28	-8.32	-7.50	163.20	23.86	-344.76	-46.74	-2.72	-0.07
Income
Income Before Tax	-51.30	-51.30	-98.04	-121.21	120.45	1.43	-273.53	-30.53	-19.61	-8.82
Income Tax Expense	0.21	-0.21	0.06	0.01	213.17	-1.52	-43.75	0.40	0.00	0.00
Net Income	-51.41	-51.41	-97.90	-120.76	-92.47	3.11	-236.87	-22.57	-4.32	-8.82
Net Income - Continuous Operations	-51.41	-51.51	-98.10	-120.76	-92.47	2.95	-236.87	-22.57	-4.32	-8.82
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-	-
EBITDA	1.53	-12.26	-45.17	-94.13	-21.37	12.77	-260.98	-21.04	-13.69	-8.00
EBIT	-	-30.65	-80.53	-106.83	-38.85	3.30	71.23	-	-	-
Depreciation & Amortization	24.06	24.06	35.36	25.11	17.49	9.47	7.90	4.31	2.20	0.74
Earnings Per Share
Basic EPS	-12.00	-12.00	-23.00	-29.00	-28.00	-	-151.00	-31.00	-13.00	-26.00
Diluted EPS	-12.00	-12.00	-23.00	-29.00	-28.00	-	-151.00	-31.00	-13.00	-26.00
Basic Shares Outstanding	4.32	4.32	4.29	4.14	3.27	65.93	1.57	0.40	0.34	0.34
Diluted Shares Outstanding	4.33	4.33	4.29	4.16	3.27	67.30	1.57	0.40	0.34	0.34

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Purple Innovation Financial Statements

What was Purple Innovation's revenue in fiscal 2025?

Purple Innovation reported revenue of $468.73M in fiscal 2025 (fiscal year ended Mar 31, 2026). That was down 3.9% from $487.88M a year earlier.

Is Purple Innovation profitable?

No. Purple Innovation reported a net loss of $51.41M in fiscal 2025. In fiscal 2024 it lost $97.90M.

What is Purple Innovation's operating margin?

Purple Innovation's operating income was −$31.64M on revenue of $468.73M in fiscal 2025, an operating margin of -6.8%, compared with -14.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition