← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $330k |
$2.5m
+657.58%
|
$285.8m
+11331.64%
|
$428.4m
+49.89%
|
$648.5m
+51.39%
|
$726.2m
+11.99%
|
$575.7m
-20.73%
|
$510.5m
-11.32%
|
$487.9m
-4.44%
|
$468.7m
-3.93%
|
$460.3m
-1.80%
|
|
| Cost of Revenue | $199k |
$1.5m
+657.58%
|
$173.2m
+11416.43%
|
$239.4m
+38.22%
|
$343.4m
+43.44%
|
$431.3m
+25.59%
|
$365.1m
-15.34%
|
$338.7m
-7.23%
|
$306.7m
-9.44%
|
$280.2m
-8.66%
|
$277.6m
-0.92%
|
|
| Gross Profit (derived) | $131k |
$85.0m
+64556.02%
|
$112.6m
+32.44%
|
$189.0m
+67.82%
|
$305.1m
+61.45%
|
$295.0m
-3.32%
|
$210.6m
-28.61%
|
$171.8m
-18.40%
|
$181.1m
+5.42%
|
$188.6m
+4.10%
|
$182.7m
-3.10%
|
|
| Research and Development Expense | — | $1.4m | $2.1m | $3.9m | $6.0m | $6.9m | $8.8m | $11.9m | $13.0m | $9.6m | $9.6m | |
| Marketing and Advertising Expense | — | — | — | — | — | — | — | — | $65.2m | $56.1m | — | |
| Selling and Marketing Expense | — | $79.1m | $103.8m | $142.0m | $188.0m | $239.3m | $165.4m | $182.3m | $171.3m | $147.0m | $209.1m | |
| General and Administrative Expense | $2.7m | $2.2m | $23.6m | $26.9m | $39.9m | $72.1m | $76.7m | $84.4m | $69.1m | $63.6m | $67.1m | |
| Other General and Administrative Expense | — | — | — | — | — | — | $3.9m | — | — | — | — | |
| Amortization of Intangible Assets | — | — | $100k | $700k | $2.4m | $300k | $1.2m | $5.3m | $4.2m | $3.2m | — | |
| Restructuring Costs | — | — | — | — | — | — | — | — | $15.4m | $15.4m | — | |
| Restructuring, impairment and other related charges | — | — | — | — | — | — | — | — | $20.0m | $11.4m | — | |
| Operating Expenses | — | $93.8m | $129.5m | $172.8m | $233.9m | $318.3m | $250.8m | $285.5m | $273.3m | $231.6m | $218.7m | |
| Operating Income (Loss) | ($2.7m) |
($2.2m)
+16.45%
|
($16.9m)
-660.99%
|
$16.2m
+195.97%
|
$71.2m
+339.29%
|
($23.4m)
-132.78%
|
($40.3m)
-72.43%
|
($113.7m)
-182.42%
|
($92.2m)
+18.93%
|
($43.0m)
+53.32%
|
($36.0m)
+16.41%
|
|
| Interest Expense, Debt | — | — | — | — | $4.7m | — | — | $1.3m | — | — | $32.2m | |
| Interest Income, Other | $330k | $1.0m | — | — | — | — | $29.8m | — | — | — | — | |
| Other Nonoperating Income (Expense) | $330k | $3.4m | ($2.7m) | ($28.2m) | ($344.8m) | $26.0m | $163.2m | ($7.5m) | ($5.9m) | ($8.3m) | — | |
| Nonoperating Income (Expense) | $330k | $3.4m | ($2.7m) | ($28.2m) | ($344.8m) | $26.0m | $163.2m | ($7.5m) | ($5.9m) | ($8.3m) | — | |
| Other Income | — | $9k | $1.0m | $44k | ($91k) | ($194k) | $423k | ($1.2m) | $11.5m | $3.3m | — | |
| Interest Expense (non-operating) | — | $81k | $3.7m | $5.2m | $4.7m | $1.9m | $3.5m | $2.0m | $17.5m | $28.8m | $32.2m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | ($19.6m) | ($12.0m) | ($273.5m) | $2.7m | $122.9m | ($121.2m) | ($98.0m) | ($51.3m) | ($62.7m) | |
| Current Income Tax Expense (Benefit) | — | — | — | $400k | $2.1m | $2.4m | ($684k) | $50k | $63k | $207k | $213k | |
| Income Tax Expense (Benefit) | — | $406k | — | $400k | ($43.7m) | ($1.2m) | $212.9m | $8k | $63k | $207k | $213k | |
| Net loss | — | ($8.8m) | ($19.6m) | ($12.4m) | $10.9m | $3.9m | ($89.9m) | ($121.2m) | ($98.1m) | ($51.5m) | — | |
| Net loss attributable to Purple Innovation, Inc. | ($2.3m) | $803k | ($4.3m) | ($4.0m) | $3.8m | $4.0m | ($89.7m) | ($120.8m) | ($97.9m) | ($51.4m) | — | |
| 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%
|
($62.8m)
-22.18%
|
|
| Net loss attributable to noncontrolling interest | — | — | ($15.3m) | ($8.4m) | $7.1m | ($160k) | ($238k) | ($458k) | ($201k) | ($97k) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($15.3m) | ($8.4m) | $7.1m | ($160k) | ($238k) | ($458k) | ($201k) | ($97k) | ($62.8m) | |
| Noncontrolling Interest in Net Income (Loss) Operating Partnerships, Redeemable | — | — | — | — | — | — | $26.3m | $50.0m | $65.2m | — | — | |
| Earnings Per Share, Basic | ($0.49) | $0.16 | ($0.51) | ($0.40) | ($6.04) | $0.06 | ($1.10) | ($1.17) | ($0.91) | $0.48 | ($14.50) | |
| Earnings Per Share, Diluted | ($0.49) | $0.05 | ($0.51) | ($0.40) | ($6.04) | ($0.30) | ($1.10) | ($1.17) | ($0.91) | $0.48 | ($14.50) | |
| Basic (in Shares) | $4.8m | $5.0m | — | $10.0m | $39.2m | $65.9m | $81.8m | $103.6m | $107.1m | $108.1m | $4.3m | |
| Diluted (in Shares) | $4.8m | $17.7m | — | $10.0m | $44.7m | $67.3m | $81.8m | $103.9m | $107.3m | $108.2m | $4.3m | |
| Weighted Average Number of Shares Outstanding, Basic | 4.8m | 5.0m | — | $10.0m | 39.2m | 65.9m | 81.8m | 103.6m | 107.1m | 108.1m | 4.3m | |
| Weighted Average Number of Shares Outstanding, Diluted | 4.8m | 17.7m | — | — | 39.2m | 67.3m | 81.8m | 103.9m | 107.3m | 108.2m | 4.3m | |
| Additional Financial Items | ||||||||||||
| Business Combination, Acquisition Related Costs | — | — | — | $500k | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $6.9m | — | — | $0 | |
| Marketing and sales | — | $79.1m | $103.8m | $142.0m | $188.0m | $239.3m | $165.4m | $182.3m | $171.3m | $147.0m | — | |
| Loss on extinguishment of debt | — | — | — | ($6.3m) | ($5.8m) | — | — | ($4.3m) | ($3.4m) | — | — | |
| Change in fair value – warrant liabilities | — | — | — | ($16.8m) | ($59.4m) | $24.1m | $4.3m | — | $3.5m | $17.2m | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | ($12.7m) | — | — | — | — | — | |
| Total other (expense) income, net | $330k | $3.4m | ($2.7m) | ($28.2m) | ($344.8m) | $26.0m | $163.2m | ($7.5m) | ($5.9m) | ($8.3m) | — |