Purple Innovation, Inc. financial data

Symbol
PRPL on Nasdaq
Industry
Household Furniture
Location
4100 N. Chapel Ridge Rd, Suite 200, Lehi, Utah
State of incorporation
Delaware
Fiscal year end
December 31
Former names
Global Partner Acquisition Corp. (to 2/2/2018)
Latest financial report
Q1 2024 - May 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 141 % -21.8%
Quick Ratio 72.2 % -17.7%
Debt-to-equity 220 % +41.8%
Return On Equity -120 % -142%
Return On Assets -36.9 % -92%
Operating Margin -21.4 % -135%

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 154M USD +20.1%
Common Stock, Value, Issued 11K USD +37.5%
Weighted Average Number of Shares Outstanding, Basic 106M shares +7.74%
Weighted Average Number of Shares Outstanding, Diluted 106M shares +7.25%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 524M USD -2.4%
Cost of Revenue 351M USD +3.29%
Research and Development Expense 12.2M USD +22.1%
Selling and Marketing Expense 186M USD +20.8%
General and Administrative Expense 80.5M USD -2.39%
Operating Income (Loss) -112M USD -129%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -50.2M USD -93.3%
Income Tax Expense (Benefit) -5K USD -18.1%
Net Income (Loss) Attributable to Parent -145M USD -38.3%
Earnings Per Share, Basic -1.38 USD/shares -16%
Earnings Per Share, Diluted -1.38 USD/shares -16%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 34.5M USD -36.8%
Accounts Receivable, after Allowance for Credit Loss, Current 27.7M USD +92.1%
Inventory, Net 72M USD -17.9%
Other Assets, Current 1.07M USD -76.8%
Assets, Current 144M USD -14.8%
Deferred Income Tax Assets, Net 221M USD +3.19%
Property, Plant and Equipment, Net 122M USD -8.67%
Operating Lease, Right-of-Use Asset 92.6M USD -8.81%
Intangible Assets, Net (Excluding Goodwill) 21.2M USD -12.7%
Goodwill 5.02M USD
Other Assets, Noncurrent 2.02M USD -29.4%
Assets 382M USD -12.5%
Accounts Payable, Current 39.9M USD -14.7%
Employee-related Liabilities, Current 9.79M USD +1.26%
Liabilities, Current 95.9M USD +7.04%
Operating Lease, Liability, Noncurrent 106M USD -8.4%
Other Liabilities, Noncurrent 2.46M USD -86.1%
Liabilities 316M USD +42.1%
Retained Earnings (Accumulated Deficit) -526M USD -40.4%
Stockholders' Equity Attributable to Parent 65.5M USD -69.2%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 65.7M USD -68.3%
Liabilities and Equity 382M USD -12.5%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -16.8M USD -24.5%
Net Cash Provided by (Used in) Financing Activities 27.5M USD -6.27%
Net Cash Provided by (Used in) Investing Activities -3.1M USD -0.07%
Common Stock, Shares, Issued 1M shares
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 12.8M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 34.5M USD -36.8%
Interest Paid, Excluding Capitalized Interest, Operating Activities 2.69M USD +170%
Deferred Tax Assets, Valuation Allowance 304M USD +13%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0 pure -93.8%
Deferred Tax Assets, Gross 304M USD +13%
Operating Lease, Liability 121M USD -6.82%
Depreciation 20.1M USD +23.3%
Payments to Acquire Property, Plant, and Equipment 3.04M USD +3.23%
Lessee, Operating Lease, Liability, to be Paid 150M USD -8.17%
Property, Plant and Equipment, Gross 180M USD +3.64%
Operating Lease, Liability, Current 15M USD +6.07%
Lessee, Operating Lease, Liability, to be Paid, Year Two 19.8M USD +35.2%
Lessee, Operating Lease, Liability, to be Paid, Year One 21.2M USD
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure
Deferred Income Tax Expense (Benefit) -14.5M USD -103%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 29.3M USD -13.3%
Lessee, Operating Lease, Liability, to be Paid, Year Three 19.6M USD -4.19%
Deferred Tax Assets, Operating Loss Carryforwards 62.6M USD +91.4%
Deferred Federal Income Tax Expense (Benefit) 169M USD
Current Income Tax Expense (Benefit) 50K USD
Preferred Stock, Shares Authorized 5M shares 0%
Unrecognized Tax Benefits 900K USD
Lessee, Operating Lease, Liability, to be Paid, Year Four 19.6M USD -2.31%
Operating Lease, Payments 3.69M USD +8.31%
Additional Paid in Capital 589M USD +17.4%
Preferred Stock, Shares Outstanding 1M shares
Current State and Local Tax Expense (Benefit) 217K USD -36.9%
Current Federal Tax Expense (Benefit) -167K USD +83.8%
Amortization of Intangible Assets 5.3M USD +342%
Depreciation, Depletion and Amortization 6.38M USD -7.28%
Deferred Tax Assets, Net of Valuation Allowance 177M USD +888%
Share-based Payment Arrangement, Expense 492K USD -58.7%
Deferred State and Local Income Tax Expense (Benefit) 44.7M USD +1516%
Interest Expense 6.24M USD +130%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%