Filing Flows › Purple Innovation (PRPL) › Q1 2026
Purple Innovation (PRPL) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 28, 2026
Purple Innovation (PRPL) reported revenue of $95.7M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -32% from the quarter before. Operating margin was -17.6%, net loss $30.6M (31.9% of revenue).
Purple Innovation, Q1 2026: revenue $95.7M (-8% year over year), operating margin -17.6%, net loss $30.6M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $95.7M | -32% | -8% |
| Operating profit | −$16.8M | — | — |
| Net earnings | −$30.6M | — | — |
| Operating cash flow | $3.0M | — | — |
| Free cash flow | $1.4M | — | — |
What changed
Revenue was $95.7M in Q1 2026, down 8% year over year and down 32% from the previous quarter.
Gross margin was 36.8%, down 2.6 points from Q1 2025. Operating costs exceeded revenue by $16.8M, an operating margin of -17.6%. Operating expenses fell 6% while revenue fell 8%. The fastest-growing cost line was General & admin (+24%). The quarter ended with a net loss of $30.6M, wider than the previous quarter's $3.2M loss.
Operating cash flow was $3.0M. Non-cash charges added back $4.4M of depreciation and amortization and $156K of share-based compensation. Working capital and other items added $29.0M. Capital expenditures of $1.6M left free cash flow of $1.4M.
Questions
What was Purple Innovation's revenue in the first quarter 2026?
Purple Innovation (PRPL) reported revenue of $95.7M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -32% from the quarter before.
Was Purple Innovation profitable in the first quarter 2026?
Operating loss was $16.8M (-17.6% of revenue) and net loss $30.6M.
Source: Purple Innovation 10-Q on SEC EDGAR.