Purple Innovation Inc

For the period ended Mar 31, 2025. Filed May 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 6, 2025

PRPL$1.80-0.6%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(unaudited – in thousands, except per share amounts)

	Three Months Ended March 31,
	2025	2024
Revenues, net	$104,171	$120,033
Cost of revenues:
Cost of revenues	62,207	78,313
Cost of revenues - restructuring related charges	918	—
Total cost of revenues	63,125	78,313
Gross profit	41,046	41,720
Operating expenses:
Marketing and sales	36,626	41,462
General and administrative	14,487	19,728
Research and development	2,452	3,666
Restructuring, impairment and other related charges	1,960	—
Total operating expenses	55,525	64,856
Operating loss	(14,479)	(23,136)
Other income (expense):
Interest expense	(4,764)	(4,474)
Other income, net	69	4,394
Gain (loss) on extinguishment of debt	—	(3,394)
Change in fair value – warrant liabilities	49	(23,599)
Total other income (expense), net	(4,646)	(27,073)
Net loss before income taxes	(19,125)	(50,209)
Income tax expense	(41)	(59)
Net loss	(19,166)	(50,268)
Net loss attributable to noncontrolling interest	(29)	(51)
Net loss attributable to Purple Innovation, Inc.	$(19,137)	$(50,217)
Net loss per share:
Basic	$(0.18)	$(0.47)
Diluted	$(0.18)	$(0.47)
Weighted average common shares outstanding:
Basic	107,596	106,022
Diluted	107,596	106,022

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.