Filing Flows › Purple Innovation (PRPL) › Q1 2025
Purple Innovation (PRPL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Purple Innovation (PRPL) reported revenue of $104M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -19% from the quarter before. Operating margin was -13.9%, net loss $19.2M (18.4% of revenue).
Purple Innovation, Q1 2025: revenue $104M (-13% year over year), operating margin -13.9%, net loss $19.2M, operating cash flow −$23.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $104M | -19% | -13% |
| Operating profit | −$14.5M | — | — |
| Net earnings | −$19.2M | — | — |
| Operating cash flow | −$23.1M | — | — |
What changed
Revenue was $104.2M in Q1 2025, down 13% year over year and down 19% from the previous quarter.
Gross margin was 39.4%, up 4.6 points from a year earlier. Operating costs exceeded revenue by $14.5M, an operating margin of -13.9%. Operating expenses fell 14% while revenue fell 13%. The quarter ended with a net loss of $19.2M, wider than the previous quarter's $8.5M loss.
Operating cash flow was −$23.1M. Non-cash charges added back $5.0M of depreciation and amortization and $368K of share-based compensation. Working capital and other items used $9.3M. Capital expenditures of $2.2M exceeded it, leaving free cash flow of −$25.3M.
Questions
What was Purple Innovation's revenue in the first quarter 2025?
Purple Innovation (PRPL) reported revenue of $104M for the first quarter 2025 (Q1 2025), -13% from a year earlier and -19% from the quarter before.
Was Purple Innovation profitable in the first quarter 2025?
Operating loss was $14.5M (-13.9% of revenue) and net loss $19.2M.
Source: Purple Innovation 10-Q on SEC EDGAR.