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Purple Innovation (PRPL) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Purple Innovation (PRPL) Q3 2026 earnings results →

Q3 2026 Revenue down 19% year over year to $96.5M · 1¢ of every $1 of revenue lost · operating margin -10.1%

Purple Innovation made $96.5M in Q3 2026 (-19% Y/Y). Operating margin -10.1%, net loss $1.4M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.

Revenue$96.5M
Year over year-19%
Operating margin-10.1%
Net earnings−$1.4M
Operating cash flow$7.0M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $96.5M in Q3 2026, down 19% year over year and down 2% from the previous quarter.

Gross margin was 43.4%, down 4.1 points from Q3 2025. Operating costs exceeded revenue by $9.8M, an operating margin of -10.1%. Operating expenses fell 25% while revenue fell 19%. The quarter ended with a net loss of $1.4M, narrower than the previous quarter's $3.2M loss. Non-operating items added $8.4M, -627% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $7.0M. Non-cash charges added back $4.5M of depreciation and amortization and $49K of share-based compensation. Working capital and other items added $3.9M. Capital expenditures of $1.7M left free cash flow of $5.3M.

Quarterly history

Purple Innovation revenue by quarterPurple Innovation revenue by quarter$104MQ1 2025$105MQ2 2025$119MQ3 2025$141MQ4 2025$95.7MQ1 2026$98.3MQ2 2026$96.5MQ3 2026
Purple Innovation net earnings by quarterPurple Innovation net earnings by quarter−$19.2MQ1 2025−$17.4MQ2 2025−$11.7MQ3 2025−$3.2MQ4 2025−$30.6MQ1 2026−$3.2MQ2 2026−$1.4MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 4, 2026$96.5M-19%-10.1%−$1.4M$7.0M
Q2 202610-QAug 11, 2026$98.3M-6%-4.3%−$3.2M$647K
Q1 202610-QApr 28, 2026$95.7M-8%-17.6%−$30.6M$3.0M
Q4 202510-KMar 31, 2026$141M+9%-1.6%−$3.2M−$5.8M
Q3 202510-QNov 4, 2025$119M+0.1%-10.2%−$11.7M−$968K
Q2 202510-QJul 30, 2025$105M-13%-13.5%−$17.4M−$4.0M
Q1 202510-QMay 6, 2025$104M-13%-13.9%−$19.2M−$23.1M

Charts

Purple Innovation: revenue growth, year over year and quarter over quarterPurple Innovation: revenue growth, year over year and quarter over quarterY/YQ/Q-13%Q1 2025-13%+1%Q2 2025+0%+13%Q3 2025+9%+18%Q4 2025-8%-32%Q1 2026-6%+3%Q2 2026-19%-2%Q3 2026
Latest (Q3 2026): Y/Y -19%, Q/Q -2%.
Purple Innovation: where the cash came from (+) and went (−), TTM to Q3 2026Purple Innovation: where the cash came from (+) and went (−), TTM to Q3 2026Capital spending−$7.2MOperating cash flow$4.8MCash drawn (+) / kept (−)$4.0MOther investing−$1.3MOther financing−$346K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Purple Innovation: profit against cash, quarter by quarterPurple Innovation: profit against cash, quarter by quarterNet incomeOperating cash flow−$8.5M$6.8MQ4 2024−$19.2M−$23.1MQ1 2025−$17.4M−$4.0MQ2 2025−$11.7M−$968KQ3 2025−$3.2M−$5.8MQ4 2025−$30.6M$3.0MQ1 2026−$3.2M$647KQ2 2026−$1.4M$7.0MQ3 2026
Latest (Q3 2026): Net income −$1.4M, Operating cash flow $7.0M.
Purple Innovation: diluted shares by fiscal yearPurple Innovation: diluted shares by fiscal year39MFY202067MFY202182MFY2022104MFY2023107MFY2024108MFY2025
+176.0% since FY2020: more shares outstanding (issuance, stock pay).
Purple Innovation in its industry: growth against margin (9 companies, SIC 2510)Purple Innovation in its industry: growth against margin (9 companies, SIC 2510)revenue growth, year over year →↑ operating marginmedian -3%median 6%SGILeggett & Platt IncLZBCODIFLXSHOFTLUVUXMAXPRPL (-19%, -10%)
Household Furniture; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Purple Innovation

We began as a digitally-native vertical brand founded on comfort product innovation with premium offerings, and have since expanded into brick & mortar stores as a true omni-channel brand. We offer a variety of innovative, branded and premium comfort products, including mattresses, pillows, cushions, bases, sheets and more. Our products are the result of decades of innovation and investment in proprietary and patented comfort technologies and the development of our own manufacturing processes. Our proprietary Hyper-Elastic Polymer gel technology underpins many of our comfort products and provides a range of benefits that differentiate our products from our competitors.

In its own words, from its 10-K, filed Mar 31, 2026.

Purple Innovation against its Household Furniture peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -19% against the peers' median -3%. Operating margin: -10.1% against the peers' median 5.9%.

CompanyQuarterRevenueY/YOp. margin
PRPL Purple InnovationQ3 2026$96.5M-19%-10.1%
SGI Somnigroup InternationalQ2 2026$1.8B-3%11.1%
Leggett & PlattQ2 2026$1.0B-6%6.8%
LZB La-Z-BoyQ1 FY27$476M-3%-0.4%
CODI Compass DiversifiedQ3 2026$423M-10%7.5%
FLXS Flexsteel IndustriesQ1 FY27$114M+3%6.0%
HOFT Hooker FurnishingsQ2 FY27$63.2M-9%2.0%
LUVU Luvu BrandsQ4 FY26$8.1M+14%5.9%
XMAX XMaxQ2 2026$2.7M+7%-44.5%

Source: Purple Innovation 10-Q on SEC EDGAR · CIK 1643953 · Household Furniture

Guidance and outlook

Purple Innovation: what its forward-looking statements are about (10-Q filed 2026-11-04)Purple Innovation: what its forward-looking statements are about (10-Q filed 2026-11-04)Demand4Other2Margins2Capital spending1Legal & regulation1People1Costs1
12 statements; tone -0.08 (−1 all cautious, +1 all confident); 1 hedged.
Purple Innovation: outlook statements against the filing beforePurple Innovation: outlook statements against the filing beforeConfident2Cautious3

More on PRPL

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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