Filing Flows › Purple Innovation (PRPL) › Q4 2025
Purple Innovation (PRPL) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
Purple Innovation (PRPL) reported revenue of $141M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +18% from the quarter before. Operating margin was -1.6%, net loss $3.2M (2.3% of revenue).
Purple Innovation, Q4 2025: revenue $141M (+9% year over year), operating margin -1.6%, net loss $3.2M, operating cash flow −$5.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $141M | +18% | +9% |
| Operating profit | −$2.2M | — | — |
| Net earnings | −$3.2M | — | — |
| Operating cash flow | −$5.8M | — | — |
What changed
Revenue was $140.7M in Q4 2025, up 9% year over year and up 18% from the previous quarter.
Gross margin was 41.9%, down 0.9 points from a year earlier. Operating costs exceeded revenue by $2.2M, an operating margin of -1.6%. Operating expenses fell 3% while revenue rose 9%. The fastest-growing cost line was General & admin (+35%). The quarter ended with a net loss of $3.2M, narrower than the previous quarter's $11.7M loss.
Operating cash flow was −$5.8M. Non-cash charges added back $4.4M of depreciation and amortization and $464K of share-based compensation. Working capital and other items used $7.4M. Capital expenditures of $2.0M exceeded it, leaving free cash flow of −$7.8M.
Questions
What was Purple Innovation's revenue in the fourth quarter 2025?
Purple Innovation (PRPL) reported revenue of $141M for the fourth quarter 2025 (Q4 2025), +9% from a year earlier and +18% from the quarter before.
Was Purple Innovation profitable in the fourth quarter 2025?
Operating loss was $2.2M (-1.6% of revenue) and net loss $3.2M.
Source: Purple Innovation 10-K on SEC EDGAR.