PURPLE INNOVATION, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $468.7M | $487.9M | $510.5M | $573.2M | $725.0M | $648.5M | $428.4M | $285.8M |
| Cost of Revenue | $280.2M | $306.7M | $338.7M | $365.1M | $431.3M | $343.4M | $239.4M | $173.2M |
| Gross Profit | $188.6M | $181.1M | $171.8M | $208.1M | $293.7M | $305.1M | $189.0M | $112.6M |
| Gross Margin | 40.2% | 37.1% | 33.7% | 36.3% | 40.5% | 47.0% | 44.1% | 39.4% |
| Operating Expenses | ||||||||
| Research & Development | $9.6M | $13.0M | $11.9M | $8.8M | $6.9M | $6.0M | $3.9M | $2.1M |
| SG&A Expense | $63.6M | $69.1M | $84.4M | $76.7M | $72.1M | $39.9M | $26.9M | $23.6M |
| Operating Income | $-43.0M | $-92.2M | $-113.7M | $-42.8M | $-24.6M | $71.2M | $16.2M | $-16.9M |
| Operating Margin | -9.2% | -18.9% | -22.3% | -7.5% | -3.4% | 11.0% | 3.8% | -5.9% |
| Interest Expense | — | — | $2.0M | $3.5M | $1.9M | $4.7M | $5.2M | $3.7M |
| Pretax Income | $-51.3M | $-98.0M | $-121.2M | $120.4M | $1.4M | $-273.5M | $-30.5M | $-19.6M |
| Income Tax Expense | $207.0K | $63.0K | $8.0K | $213.2M | $-1.5M | $-43.7M | $400.0K | — |
| Net Income | $-51.4M | $-97.9M | $-120.8M | $-92.5M | $3.1M | $-236.9M | $-22.6M | $-4.3M |
| Net Margin | -11.0% | -20.1% | -23.7% | -16.1% | 0.4% | -36.5% | -5.3% | -1.5% |
| EPS (Basic) | $0.48 | $0.91 | $1.17 | $-1.13 | $0.05 | $-6.04 | $-0.57 | $-0.13 |
| EPS (Diluted) | $0.48 | $0.91 | $1.17 | $-1.13 | $-0.31 | $-6.04 | $-0.57 | $-0.13 |
| Shares Outstanding (Basic) | 108.1M | 107.1M | 103.6M | 81.8M | 65.9M | 39.2M | 40.0M | 64.0M |
| Shares Outstanding (Diluted) | 108.2M | 107.3M | 103.9M | 81.8M | 67.3M | 39.2M | 40.0M | 64.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |