Filing Flows › Purple Innovation (PRPL) › Q3 2025
Purple Innovation (PRPL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Purple Innovation (PRPL) reported revenue of $119M for the third quarter 2025 (Q3 2025), +0.1% from a year earlier and +13% from the quarter before. Operating margin was -10.2%, net loss $11.7M (9.9% of revenue).
Purple Innovation, Q3 2025: revenue $119M (+0.1% year over year), operating margin -10.2%, net loss $11.7M, operating cash flow −$968K. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $119M | +13% | +0.1% |
| Operating profit | −$12.1M | — | — |
| Net earnings | −$11.7M | — | — |
| Operating cash flow | −$968K | — | — |
What changed
Revenue was $118.8M in Q3 2025, roughly flat year over year and up 13% from the previous quarter.
Gross margin was 42.8%, up 13.1 points from a year earlier. Operating costs exceeded revenue by $12.1M, an operating margin of -10.2%. Operating expenses fell 23% while revenue was flat. The quarter ended with a net loss of $11.7M, narrower than the previous quarter's $17.4M loss.
Operating cash flow was −$1.0M. Non-cash charges added back $9.8M of depreciation and amortization and $420K of share-based compensation. Working capital and other items added $582K. Capital expenditures of $854K exceeded it, leaving free cash flow of −$1.8M.
Questions
What was Purple Innovation's revenue in the third quarter 2025?
Purple Innovation (PRPL) reported revenue of $119M for the third quarter 2025 (Q3 2025), +0.1% from a year earlier and +13% from the quarter before.
Was Purple Innovation profitable in the third quarter 2025?
Operating loss was $12.1M (-10.2% of revenue) and net loss $11.7M.
Source: Purple Innovation 10-Q on SEC EDGAR.