Purple Innovation (PRPL) Balance Sheet: Assets & Liabilities

Purple Innovation (PRPL) Balance Sheet

As of Mar 31, 2026 (end of fiscal 2025), Purple Innovation reported total assets of $296.26M and total liabilities of $325.93M. Shareholders' equity was negative at −$29.69M, meaning liabilities exceed assets. Total debt stood at $204.29M against $24.34M in cash and short-term investments, a net debt position of $179.94M.

Purple Innovation Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Purple Innovation, Inc. (PRPL) - 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
Current Assets
Cash and Cash Equivalents	24.35	24.35	29.01	26.86	41.75	91.62	122.96	33.48	12.23	0.22
Cash & Short-Term Investments	24.35	24.35	29.01	26.86	41.75	91.62	122.96	33.48	12.23	0.22
Accounts Receivable	41.27	41.27	33.06	37.80	34.57	25.43	29.11	28.69	10.24	4.18
Inventory	59.73	59.73	56.86	66.88	73.20	98.69	65.73	47.63	22.94	13.35
Other Current Assets	11.38	5.89	7.44	10.27	11.94	13.77	11.28	4.32	2.28	1.79
Total Current Assets	136.72	136.72	126.37	141.81	161.46	229.50	229.07	114.12	47.70	0.23
Non-Current Assets
Property, Plant & Equipment (Net)	145.23	145.23	169.39	224.43	239.21	180.65	102.89	31.98	22.51	13.46
Goodwill	0.00	-	0.00	0.00	4.90	0.00	0.00	0.00	0.00	0.00
Intangible Assets	6.35	6.35	8.89	22.20	26.22	13.20	9.95	1.10	1.49	1.27
Other Non-Current Assets	7.96	7.96	3.20	2.19	1.55	219.11	1.58	0.53	0.01	107.32
Total Non-Current Assets	159.54	159.54	181.48	248.82	271.88	412.97	325.66	33.61	24.01	122.05
Total Assets	296.26	296.26	307.85	390.63	433.33	642.47	554.73	147.72	71.71	122.28
Current Liabilities
Accounts Payable	40.31	40.31	40.64	49.83	46.44	79.75	69.59	50.24	24.83	21.13
Short-Term Debt	17.37	-	15.66	16.97	13.71	2.30	5.24	0.00	0.03	0.60
Current Portion of Long-Term Debt	-	-	-	2.13	-	2.30	2.00	-	-	-
Accrued Liabilities	-	17.91	19.43	18.31	9.80	30.89	31.12	-	-	-
Deferred Revenue	5.28	5.28	6.41	5.72	4.45	10.85	6.25	6.26	7.52	0.00
Other Current Liabilities	38.57	9.59	18.86	36.51	23.72	13.47	45.11	24.77	10.66	19.15
Total Current Liabilities	101.52	101.52	101.00	110.98	98.13	142.01	132.21	86.87	48.58	1.80
Non-Current Liabilities
Long-Term Debt	186.92	111.31	55.39	136.00	23.66	94.11	90.35	35.40	21.41	8.00
Other Non-Current Liabilities	37.48	0.60	44.17	28.03	20.78	178.64	264.64	54.00	3.73	2.37
Total Non-Current Liabilities	224.41	224.41	186.63	164.04	160.03	353.92	354.98	89.40	25.14	4.00
Total Liabilities	325.93	325.93	287.64	275.02	258.16	495.93	487.19	176.26	73.72	5.80
Stockholders' Equity
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	111.48
Retained Earnings	-625.28	-625.28	-573.87	-475.97	-355.21	-261.83	-265.86	-28.99	-4.32	-1.83
Accumulated Other Comprehensive Income	0.00	-	0.00	0.00	0.00	0.00	0.00	0.00	-2.98	-13.92
Additional Paid-in Capital	595.58	595.58	594.05	591.38	529.47	407.59	333.05	2.82	3.66	0.00
Minority Interest	0.02	0.02	0.01	0.19	0.91	0.77	0.34	-2.38	-1.35	0.00
Shares Outstanding	-	4.33	4.30	4.22	3.66	66.49	-	-	-	-
Total Stockholders' Equity	-29.69	-29.69	20.21	115.42	175.17	146.54	67.20	-26.16	-0.66	116.48
Total Liabilities & Equity	296.26	296.26	307.85	390.63	433.33	642.47	554.73	147.72	71.71	122.28

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 Balance Sheet

How much debt does Purple Innovation have?

Purple Innovation had total debt of $204.29M as of Mar 31, 2026, against $24.34M in cash and short-term investments. Total debt was $71.06M a year earlier.

What are Purple Innovation's total assets?

Purple Innovation reported total assets of $296.26M as of Mar 31, 2026, down 3.8% from $307.85M a year earlier. Total liabilities were $325.93M.

What is Purple Innovation's shareholders' equity?

Purple Innovation's shareholders' equity was negative at −$29.69M as of Mar 31, 2026, so its liabilities exceeded its assets.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition