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Purple Innovation, Inc.

Purple Innovation, Inc.PRPLEarnings & Financial Report

Nasdaq

Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”

PRPL Q3 2025 Key Financial Metrics

Revenue

$118.8M

Gross Profit

$50.9M

Operating Profit

$-12.1M

Net Profit

$-11.7M

Gross Margin

42.8%

Operating Margin

-10.2%

Net Margin

-9.9%

YoY Growth

0.1%

EPS

$0.11

Financial Flow

Purple Innovation, Inc. Q3 2025 Financial Summary

Purple Innovation, Inc. reported revenue of $118.8M for Q3 2025, with a net profit of $-11.7M (-9.9% margin). Cost of goods sold was $67.9M, operating expenses totaled $63.0M.

Key Financial Metrics

Total Revenue$118.8M
Net Profit$-11.7M
Gross Margin42.8%
Operating Margin-10.2%
Report PeriodQ3 2025

Purple Innovation, Inc. Annual Revenue by Year

Purple Innovation, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $487.9M).

YearAnnual Revenue
2024$487.9M
2023$510.5M
2022$575.7M

Income Statement

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Revenue$140.3M$120.0M$120.3M$118.6M$129.0M$104.2M$105.1M$118.8M
YoY Growth-3.3%9.7%-0.5%-15.3%-8.1%-13.2%-12.6%0.1%

Balance Sheet

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Assets$390.6M$382.1M$362.1M$309.3M$307.8M$293.8M$303.8M$302.1M
Liabilities$275.0M$316.4M$295.6M$281.3M$287.6M$292.4M$319.4M$329.0M
Equity$115.4M$65.5M$66.4M$28.0M$20.2M$1.3M$-15.6M$-26.9M

Cash Flow

Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025Q3 2025
Operating CF$1.1M$-16.8M$-8.9M$1.1M$6.8M$-23.1M$-4.0M$-968000