← Purple Innovation, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net loss | — | ($8.8m) | ($19.6m) | ($12.4m) | $10.9m | $3.9m | ($89.9m) | ($121.2m) | ($98.1m) | ($51.5m) | — | |
| Net Income (Loss) Attributable to Parent | ($2.3m) |
$803k
+134.51%
|
($4.3m)
-638.23%
|
($4.0m)
+6.83%
|
($236.9m)
-5781.97%
|
$4.0m
+101.70%
|
($89.7m)
-2324.98%
|
($120.8m)
-34.64%
|
($97.9m)
+18.93%
|
($51.4m)
+47.48%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | ($19.6m) | ($12.4m) | ($229.8m) | $3.9m | ($89.9m) | ($121.2m) | ($98.1m) | ($51.5m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($15.3m) | ($8.4m) | $7.1m | ($160k) | ($238k) | ($458k) | ($201k) | ($97k) | — | |
| Depreciation, Depletion and Amortization | — | $741k | $2.2m | $4.3m | $7.9m | $9.5m | $17.5m | $25.1m | $35.4m | $24.1m | $23.4m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | $7.2m | — | — | |
| Amortization of Intangible Assets | — | — | $100k | $700k | $2.4m | $300k | $1.2m | $5.3m | $4.2m | $3.2m | — | |
| Depreciation | — | $741k | $2.1m | $3.6m | $5.5m | $9.2m | $16.2m | $19.7m | $31.0m | $20.8m | $23.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $17.5m | $25.1m | $35.4m | $24.1m | $23.4m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | ($18.1m) | ($33.0m) | $29.0m | — | — | — | ($12.1m) | |
| Deferred Other Tax Expense (Benefit) | — | — | — | — | ($45.8m) | ($3.6m) | — | — | — | $19.0m | — | |
| Deferred Income Tax | — | — | — | — | — | ($7.6m) | $51.6m | $0 | $0 | — | ($12.1m) | |
| Deferred Tax | — | — | — | — | — | ($7.6m) | $51.6m | $0 | $0 | — | ($12.1m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $487k | $10.1m | $2.2m | $3.4m | $3.4m | $4.9m | $2.8m | $1.7m | $1.5m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $700k | $4.9m | $2.8m | $1.7m | $1.5m | |
| Stock-based compensation | — | — | $487k | $10.1m | $2.2m | $3.4m | $3.4m | $4.9m | $2.8m | $1.7m | $1.5m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $6.9m | — | — | $0 | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | — | — | — | $600k | $600k | — | — | — | — | — | |
| Restructuring Costs and Asset Impairment Charges | — | — | — | — | — | — | — | — | $20.0m | $3.8m | — | |
| Non-cash restructuring, impairment and other related charges | — | — | — | — | — | — | — | — | $20.2m | $3.8m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $6.9m | $0 | $0 | $0 | |
| Nonoperating Income (Expense) | — | $3.4m | — | — | — | — | — | — | ($5.9m) | ($8.3m) | — | |
| Other Nonoperating Income (Expense) | — | — | ($2.7m) | ($28.2m) | ($344.8m) | $26.0m | $163.2m | ($7.5m) | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($4.4m) | $22.4m | $4.3m | ($24.2m) | $4.4m | |
| Increase (Decrease) in Accounts Receivable | — | — | $6.1m | $18.5m | $419k | ($3.7m) | $4.1m | $3.7m | ($4.7m) | $8.2m | $3.2m | |
| Accounts receivable | — | ($1.9m) | ($6.1m) | ($18.5m) | ($419k) | $3.7m | ($4.1m) | ($3.7m) | $4.7m | ($8.2m) | $3.2m | |
| Change In Receivables | — | — | — | — | — | — | ($4.1m) | ($3.7m) | $4.7m | ($8.2m) | $3.2m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($4.1m) | ($3.7m) | $4.7m | ($8.2m) | $3.2m | |
| Increase (Decrease) in Inventories | — | — | $9.6m | $24.7m | — | — | — | ($5.9m) | ($6.0m) | $2.9m | $2.1m | |
| Inventory Write-down | — | — | $700k | $800k | $500k | — | — | — | — | $900k | — | |
| Inventories | — | ($8.0m) | ($9.6m) | ($24.7m) | ($18.1m) | ($33.0m) | $29.0m | $5.9m | $6.0m | ($2.9m) | $2.1m | |
| Change In Inventory | — | — | — | — | — | — | $29.0m | $5.9m | $6.0m | ($2.9m) | $2.1m | |
| Increase (Decrease) in Accounts Payable | — | $13.8m | $3.8m | $25.1m | $16.0m | $6.8m | ($33.6m) | $4.4m | ($6.4m) | $61k | $11.1m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($32.3m) | $15.9m | ($7.1m) | ($12.2m) | $11.1m | |
| Accrued compensation | — | $287k | $594k | $5.3m | $6.3m | ($5.5m) | ($2.9m) | ($1.6m) | $4.4m | ($1.7m) | — | |
| Accrued rebates and allowances | — | — | — | $4.9m | $5.6m | ($722k) | ($365k) | $3.4m | ($3.2m) | ($97k) | — | |
| Accrued warranty liabilities | — | — | — | — | — | $8.2m | $6.9m | $11.1m | ($3.4m) | ($5.5m) | — | |
| Other accrued liabilities | — | $7.8m | ($474k) | $8.8m | $9.0m | $5.0m | $3.8m | ($3.0m) | $1.6m | ($5.0m) | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $1.3m | $11.6m | ($712k) | ($12.3m) | ($11.8m) | |
| Prepaid expenses and other assets | — | — | — | ($2.6m) | ($5.0m) | $1.7m | $1.8m | $1.6m | $2.3m | $3.1m | — | |
| Net Cash Provided by (Used in) Operating Activities | ($811k) |
($617k)
+23.92%
|
($21.7m)
-3410.05%
|
$22.9m
+205.81%
|
$81.3m
+254.60%
|
($30.9m)
-138.03%
|
($28.8m)
+6.89%
|
($54.7m)
-89.98%
|
($17.9m)
+67.34%
|
($33.8m)
-89.52%
|
($7.8m)
+77.03%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | $129k | $11.3m | $10.5m | $27.9m | $53.9m | $35.4m | $14.4m | $7.2m | $8.1m | ($8.4m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | $549k | ($95k) | $743k | $3.3m | $6.4m | ($620k) | ($1.7m) | ($770k) | ($318k) | ($9.9m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | $130.3m | — | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | ($3.7m) | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $3.7m | ($826k) | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | — | $34.2m | ($11.7m) | ($10.8m) | ($39.1m) | ($57.1m) | ($34.5m) | ($16.1m) | ($7.5m) | ($8.3m) | ($8.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | ($6.3m) | ($5.8m) | — | — | ($4.3m) | ($3.4m) | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $45.0m | — | — | — | — | — | $20.0m | |
| Loss on extinguishment of debt | — | — | — | $6.3m | $5.8m | — | — | $4.3m | $3.4m | — | — | |
| Payments for debt issuance costs | — | ($46k) | ($367k) | ($758k) | ($2.5m) | — | ($1.2m) | ($6.1m) | ($3.5m) | ($1.6m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $42.0m | $61.0m | $39.0m | $20.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $42.0m | $61.0m | $39.0m | $20.0m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($72.5m) | ($36.7m) | ($30.0m) | $0 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($72.5m) | $5.3m | $31.0m | $39.0m | $20.0m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($72.5m) | $5.3m | $31.0m | $39.0m | $20.0m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $55.0m | ($55.0m) | $5.0m | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($72.5m) | ($36.7m) | ($30.0m) | $0 | $0 | |
| Short Term Debt Issuance | — | — | — | — | — | $55.0m | $0 | $17.0m | — | — | $17.0m | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($55.0m) | ($12.0m) | — | — | — | |
| Payments for Repurchase of Common Stock | — | $34.2m | — | $97k | — | — | — | — | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | $26.3m | — | — | — | — | — | — | — | $0 | |
| Common Stock Dividend Paid | — | — | — | — | — | ($1.2m) | $0 | $0 | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | — | $98.2m | $60.3m | $0 | $0 | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $98.2m | $60.3m | $0 | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | ($105k) | $0 | $0 | $0 | |
| Dividends paid | — | — | — | — | — | — | $100k | — | — | — | ($218k) | |
| Cash Dividends Paid | — | — | — | — | — | ($1.2m) | $0 | $0 | — | — | ($218k) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($12.4m) | ($9.7m) | ($3.5m) | ($1.6m) | ($733k) | |
| Net Cash Provided by (Used in) Financing Activities | — | ($33.6m) |
$41.9m
+224.98%
|
$9.1m
-78.28%
|
$47.4m
+419.86%
|
$56.6m
+19.56%
|
$13.4m
-76.31%
|
$55.8m
+316.24%
|
$27.5m
-50.68%
|
$37.4m
+35.99%
|
$19.3m
-48.54%
|
|
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | — | — | — | — | ($31.3m) | ($49.9m) | ($14.9m) | $2.2m | ($4.7m) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $89.5m | ($31.3m) | ($49.9m) | — | — | — | $25.0m | |
| Cash, cash equivalents and restricted cash, beginning of the year | — | — | — | $33.5m | $123.0m | $91.6m | $41.8m | $26.9m | $29.0m | $24.3m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $91.6m | $41.8m | $26.9m | $29.0m | $21.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $91.6m | $41.8m | $26.9m | $29.0m | $24.3m | $25.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $50k | $50k | $1.4m | $1.9m | $8.2m | $999k | $2.7m | $189k | $159k | $153k | — | |
| Income Taxes Paid, Net | $67k | $260k | — | $122k | $2.1m | $4.6m | $303k | ($385k) | $317k | $175k | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | — | — | — | — | — | — | — | — | $133k | $62k | — | |
| General and Administrative Expense | $2.7m | $2.2m | $23.6m | $26.9m | $39.9m | $72.1m | $76.7m | $84.4m | $69.1m | $63.6m | — | |
| Goodwill | — | — | — | — | — | — | $4.9m | — | $6.9m | — | $0 | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($12.7m) | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $406k | — | $400k | ($43.7m) | ($1.2m) | $212.9m | $8k | $63k | $207k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $17.5m | $28.8m | — | |
| Operating Expenses | — | — | $129.5m | $172.8m | $233.9m | $318.3m | $250.8m | $285.5m | $273.3m | $231.6m | — | |
| Proceeds from Stock Options Exercised | — | — | — | — | — | $1.4m | $166k | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $200k | $200k | — | — | — | — | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | $15.4m | $15.4m | — | |
| Stock or Unit Option Plan Expense | — | — | — | — | — | $500k | — | — | — | — | — | |
| Non-cash interest | — | $6k | $2.5m | $3.3m | $3.1m | $517k | $1.1m | $1.2m | $7.2m | $13.4m | — | |
| Change in fair value – warrant liabilities | — | — | — | $35.3m | $300.1m | ($24.1m) | ($4.3m) | — | ($3.5m) | ($17.2m) | — | |
| Operating leases, net | — | — | — | — | $1.4m | $2.2m | $7.7m | $1.4m | ($2.4m) | ($2.9m) | — | |
| Customer prepayments | — | — | — | ($1.3m) | ($5k) | $4.6m | ($6.5m) | $1.3m | $693k | ($1.1m) | — | |
| Investment in intangible assets | — | ($1.1m) | ($327k) | ($320k) | ($11.3m) | ($3.1m) | ($2.8m) | ($844k) | ($286k) | ($664k) | — | |
| Proceeds from term loan | — | — | — | — | $45.0m | — | — | $25.0m | — | — | — | |
| Proceeds from revolving line of credit | — | $8.0m | — | — | — | $55.0m | — | $17.0m | — | — | — | |
| Proceeds from related party loan | — | $1.8m | $24.0m | $10.0m | — | — | — | — | $61.0m | $39.0m | — | |
| Payments on term loan | — | — | — | — | ($563k) | ($2.2m) | ($17.5m) | ($24.7m) | ($25.0m) | — | — | |
| Payments on revolving line of credit | — | — | ($8.0m) | — | — | — | ($55.0m) | ($12.0m) | ($5.0m) | — | — | |
| Proceeds from stock offering | — | — | — | — | — | — | $98.2m | $60.3m | — | — | — | |
| Payments for stock offering costs | — | — | — | — | — | — | ($5.3m) | ($3.3m) | — | — | — | |
| Tax receivable agreement payments | — | — | — | — | — | ($628k) | ($5.8m) | ($269k) | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $13.4m | $55.8m | $27.5m | $37.4m | $19.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($34.5m) | ($16.1m) | ($7.5m) | ($8.3m) | ($8.2m) | |
| Change In Account Payable | — | — | — | — | — | — | ($33.6m) | $4.4m | ($6.4m) | $61k | $11.1m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($49.9m) | ($14.9m) | $2.2m | ($4.7m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $1.3m | $2.7m | ($1.7m) | ($4.1m) | ($2.0m) | |
| Change In Payable | — | — | — | — | — | — | ($33.6m) | $4.4m | ($6.4m) | $61k | $11.1m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $1.8m | $1.6m | $2.3m | $3.1m | $1.7m | |
| Changes In Cash | — | — | — | — | — | — | ($49.9m) | ($14.9m) | $2.2m | ($4.7m) | $3.3m | |
| End Cash Position | — | — | — | — | — | — | $41.8m | $26.9m | $29.0m | $24.3m | $25.0m | |
| Financing Cash Flow | — | — | — | — | — | — | $13.4m |
$55.8m
+316.24%
|
$27.5m
-50.68%
|
$37.4m
+35.99%
|
$19.3m
-48.54%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($66.9m) | ($69.9m) | ($25.4m) | ($42.6m) | ($16.1m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($24.1m) | ($4.3m) | — | ($3.5m) | ($17.2m) | ($10.2m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $620k | $1.7m | $770k | $318k | $296k | |
| Investing Cash Flow | — | — | — | — | — | — | ($34.5m) | ($16.1m) | ($7.5m) | ($8.3m) | ($8.2m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($2.8m) | ($844k) | ($286k) | ($664k) | ($924k) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($35.4m) | ($14.4m) | ($7.2m) | ($7.6m) | ($7.2m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | ($105k) | $0 | $0 | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($3.7m) | $6.0m | $660k | ($16.9m) | ($9.9m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($349k) | $1.2m | $37.1m | $33.0m | — | |
| Preferred Stock Payments | — | — | — | — | — | — | $0 | ($105k) | $0 | $0 | $0 | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $1.5m | $166k | $0 | $0 | — | $542k | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($2.8m) | ($844k) | ($286k) | ($664k) | ($924k) | |
| Purchase Of PPE | — | — | $11.3m | $10.5m | $27.9m | $53.9m | ($35.4m) | ($14.4m) | ($7.2m) | ($8.1m) | ($8.4m) | |
| Sale Of PPE | — | — | — | — | — | — | — | $0 | $0 | $464k | $206k |