Purple Innovation, Inc. (PRPL)

NASDAQ: PRPL · Real-Time Price · USD
0.7512
-0.0316 (-4.04%)
At close: Mar 28, 2025, 4:00 PM
0.7585
+0.0073 (0.97%)
After-hours: Mar 28, 2025, 7:57 PM EDT
-4.04%
Market Cap 80.91M
Revenue (ttm) 487.88M
Net Income (ttm) -97.90M
Shares Out 107.71M
EPS (ttm) -0.91
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 379,817
Open 0.7900
Previous Close 0.7828
Day's Range 0.7400 - 0.7978
52-Week Range 0.6490 - 2.1200
Beta 2.37
Analysts Hold
Price Target 1.25 (+66.4%)
Earnings Date Mar 13, 2025

About PRPL

Purple Innovation, Inc. designs, manufactures, and sells sleep and other products in the United States and internationally. It offers mattresses, pillows, sheets, waterproof mattress protectors, bases, and seat cushions, as well as blankets and duvets. The company markets and sells its products through its direct-to-consumer e-commerce channels, retail brick-and-mortar wholesale partners, third-party online retailers, and Purple showrooms. The company was founded in 2010 and is headquartered in Lehi, Utah. [Read more]

Founded 2010
Employees 1,200
Stock Exchange NASDAQ
Ticker Symbol PRPL
Full Company Profile

Financial Performance

In 2024, Purple Innovation's revenue was $487.88 million, a decrease of -4.44% compared to the previous year's $510.54 million. Losses were -$97.90 million, -18.93% less than in 2023.

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for PRPL stock is "Hold." The 12-month stock price forecast is $1.25, which is an increase of 66.40% from the latest price.

Price Target
$1.25
(66.40% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Purple Innovation Reports Fourth Quarter and Full Year 2024 Results

Returned to Positive Adjusted EBITDA and Cash Flow in Fourth Quarter GAAP Gross Margin of 42.9% in Q4; Adjusted Gross Margin improved Over 810bps in Q4 Versus Last Year Generated Incremental Liquidity...

15 days ago - PRNewsWire

Purple Innovation Announces Review of Strategic Alternatives to Maximize Shareholder Value

Initiates Review Following Receipt of Expressions of Interest Returned to Positive Adjusted EBITDA and Positive Cash Flow Generation in Fourth Quarter 2024 and Expanded Credit Facility, Enabling Enhan...

15 days ago - PRNewsWire

Purple Innovation to Report Fourth Quarter and Full Year 2024 Results on March 13, 2025

LEHI, Utah , March 12, 2025 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," will report fo...

16 days ago - PRNewsWire

Purple Innovation Revises Full Year 2024 Guidance; Company Announces Participation in the 2025 ICR Conference

Expects full year net revenue between $486 and $488 million and adjusted EBITDA between $(23) and $(21) million Expects positive cash flow and adjusted EBITDA in the fourth quarter LEHI, Utah , Jan. 1...

2 months ago - PRNewsWire

Purple Innovation, Inc. (PRPL) Q3 2024 Earnings Call Transcript

Purple Innovation, Inc. (PRPL) Q3 2024 Earnings Call Transcript

5 months ago - Seeking Alpha

Purple Innovation Reports Third Quarter 2024 Results

Restructuring Initiatives are On Track and Delivering Significant Margin Improvement GAAP Gross Margin of 29.7%; Adjusted Gross Margin Improved 340bps versus Last Year to 40.5% Adjusted EBITDA Loss Na...

5 months ago - PRNewsWire

Purple Innovation to Report Third Quarter 2024 Results on November 4, 2024

LEHI, Utah , Oct. 28, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," will report thi...

5 months ago - PRNewsWire

Glancy Prongay & Murray LLP Announces Investigation of Purple Innovation, Inc. (PRPL)

NEW YORK--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces its investigation of Purple Innovation, Inc. (Nasdaq: PRPL) concerning the Company and its directors' and officers' possible vi...

7 months ago - Business Wire

Inventor of Purple Mattress Unveils New Technology and New Brand for Better Sleep

ALPINE, Utah--(BUSINESS WIRE)--Tony Pearce, inventor of Purple's flexible grid technology, has developed a new pressure-isolating system for mattresses. After the tremendous, industry-shaking success ...

7 months ago - Business Wire

Purple Innovation Announces Consolidation of Manufacturing Operations to Accelerate Growth

Actions will expedite Grid innovation and deliver cost synergies Anticipated to generate $15 to $20 million in EBITDA benefit in 2025 LEHI, Utah , Aug. 22, 2024 /PRNewswire/ -- Purple Innovation, Inc....

7 months ago - PRNewsWire

Purple Innovation, Inc. (PRPL) Q2 2024 Earnings Call Transcript

Purple Innovation, Inc. (NASDAQ:PRPL) Q2 2024 Earnings Conference Call August 5, 2024 4:30 PM ET Company Participants Cody McAlester – ICR Rob DeMartini – Chief Executive Officer Todd Vogensen – Chie...

8 months ago - Seeking Alpha

Long Assets On Path To Creating Significant Value, Shorting Remains Very Challenging

In the first half of 2024, our long book performed strong relative to the Russell 2000, driven by our high-conviction positions. We are pleased with our relative performance and believe the Russell 20...

8 months ago - Seeking Alpha

Purple Innovation Reports Second Quarter 2024 Results

LEHI, Utah , Aug. 5, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced ...

8 months ago - PRNewsWire

Purple to Report Second Quarter 2024 Results on August 5, 2024

LEHI, Utah , July 25, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," will report sec...

8 months ago - PRNewsWire

Purple to Participate in Oppenheimer 24th Annual Consumer Growth & E-Commerce Conference

LEHI, Utah , June 4, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple") a comfort innovation company known for creating the "World's First No Pressure™ Mattress," today announced t...

10 months ago - PRNewsWire

Purple Innovation, Inc. (PRPL) Q1 2024 Earnings Call Transcript

Purple Innovation, Inc. (NASDAQ:PRPL) Q1 2024 Results Conference Call May 7, 2024 4:30 PM ET Company Participants Cody McAlester - ICR Rob DeMartini - Chief Executive Officer Todd Vogensen - Chief Fi...

11 months ago - Seeking Alpha

Purple Innovation Reports First Quarter 2024 Results

LEHI, Utah , May 7, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL), a comfort innovation company known for creating the "World's First No Pressure ™ Mattress," today announced results for...

11 months ago - PRNewsWire

Purple to Report First Quarter 2024 Results on May 7, 2024

LEHI, Utah , April 30, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," will report fi...

11 months ago - PRNewsWire

Inducement Grants to Executive Officers

CFO Todd Vogensen and CLO Tricia McDermott Received Inducement Grants LEHI, Utah , March 14, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known ...

1 year ago - PRNewsWire

Purple Innovation to Present at the 36th Annual ROTH Conference

LEHI, Utah , March 13, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," today announce...

1 year ago - PRNewsWire

Purple Innovation, Inc. (PRPL) Q4 2023 Earnings Call Transcript

Purple Innovation, Inc. (PRPL) Q4 2023 Earnings Call Transcript

1 year ago - Seeking Alpha

Purple Innovation Reports Fourth Quarter and Full Year 2023 Results

Company Projecting Mid to High Single Digit Percentage Revenue Growth in 2024 with Positive Adjusted EBITDA in the Second Half of the Year LEHI, Utah , March 12, 2024 /PRNewswire/ -- Purple Innovation...

1 year ago - PRNewsWire

PURPLE INNOVATION AND TEMPUR SEALY INTERNATIONAL REACH AGREEMENT

Framework for Mattress Firm Partnership and Confirmation of Purple's Patents LEHI, Utah , March 12, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple" or the "Company"), a comfort i...

1 year ago - PRNewsWire

Purple to Report Fourth Quarter and Full Year 2023 Results on March 12, 2024

LEHI, Utah , Feb. 27, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), a comfort innovation company known for creating the "World's First No Pressure® Mattress," will report fou...

1 year ago - PRNewsWire

Purple Innovation Strengthens Balance Sheet, Creating Greater Financial Flexibility to Execute Growth Strategy

Company Reaffirms 2023 Guidance and Provides Update on Efforts to Accelerate Revenue Growth and EBITDA Improvement LEHI, Utah , Jan. 23, 2024 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("P...

1 year ago - PRNewsWire