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Side-by-side financial comparison of BRANDYWINE REALTY TRUST (BDN) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $127.0M, roughly 1.1× BRANDYWINE REALTY TRUST). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -38.4%, a 36.1% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 4.5%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs 0.7%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
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.”
BDN vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $127.0M | $140.7M |
| Net Profit | $-48.8M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 1.2% | -1.6% |
| Net Margin | -38.4% | -2.3% |
| Revenue YoY | 4.5% | 9.1% |
| Net Profit YoY | -80.4% | 62.1% |
| EPS (diluted) | $-0.28 | $0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $127.0M | — | ||
| Q4 25 | $121.0M | $140.7M | ||
| Q3 25 | $121.4M | $118.8M | ||
| Q2 25 | $120.6M | $105.1M | ||
| Q1 25 | $121.5M | $104.2M | ||
| Q4 24 | $121.9M | $129.0M | ||
| Q3 24 | $131.8M | $118.6M | ||
| Q2 24 | $125.3M | $120.3M |
| Q1 26 | $-48.8M | — | ||
| Q4 25 | $-36.7M | $-3.2M | ||
| Q3 25 | $-25.9M | $-11.7M | ||
| Q2 25 | $-88.7M | $-17.3M | ||
| Q1 25 | $-27.0M | $-19.1M | ||
| Q4 24 | $-44.5M | $-8.5M | ||
| Q3 24 | $-165.2M | $-39.2M | ||
| Q2 24 | $30.2M | $27.0K |
| Q1 26 | — | — | ||
| Q4 25 | 61.3% | 41.9% | ||
| Q3 25 | 62.6% | 42.8% | ||
| Q2 25 | 62.4% | 35.9% | ||
| Q1 25 | 60.8% | 39.4% | ||
| Q4 24 | 61.2% | 42.9% | ||
| Q3 24 | 64.9% | 29.7% | ||
| Q2 24 | 63.1% | 40.7% |
| Q1 26 | 1.2% | — | ||
| Q4 25 | 22.8% | -1.6% | ||
| Q3 25 | 20.8% | -10.2% | ||
| Q2 25 | -34.3% | -13.5% | ||
| Q1 25 | 12.5% | -13.9% | ||
| Q4 24 | 18.0% | -6.0% | ||
| Q3 24 | -7.2% | -39.5% | ||
| Q2 24 | 15.5% | -12.1% |
| Q1 26 | -38.4% | — | ||
| Q4 25 | -30.3% | -2.3% | ||
| Q3 25 | -21.3% | -9.9% | ||
| Q2 25 | -73.5% | -16.5% | ||
| Q1 25 | -22.2% | -18.4% | ||
| Q4 24 | -36.5% | -6.6% | ||
| Q3 24 | -125.4% | -33.1% | ||
| Q2 24 | 24.1% | 0.0% |
| Q1 26 | $-0.28 | — | ||
| Q4 25 | $-0.21 | $0.03 | ||
| Q3 25 | $-0.15 | $0.11 | ||
| Q2 25 | $-0.51 | $0.16 | ||
| Q1 25 | $-0.16 | $0.18 | ||
| Q4 24 | $-0.25 | $0.08 | ||
| Q3 24 | $-0.96 | $0.36 | ||
| Q2 24 | $0.17 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $36.2M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | — | $-29.7M |
| Total Assets | $3.6B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $36.2M | — | ||
| Q4 25 | $32.3M | $24.3M | ||
| Q3 25 | $75.5M | $32.4M | ||
| Q2 25 | $122.6M | $34.2M | ||
| Q1 25 | $29.4M | $21.6M | ||
| Q4 24 | $90.2M | $29.0M | ||
| Q3 24 | $36.5M | $23.4M | ||
| Q2 24 | $30.4M | $23.4M |
| Q1 26 | — | — | ||
| Q4 25 | $2.6B | $126.7M | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.2B | $70.7M | ||
| Q3 24 | $2.3B | $50.8M | ||
| Q2 24 | $2.2B | — |
| Q1 26 | — | — | ||
| Q4 25 | $792.7M | $-29.7M | ||
| Q3 25 | $841.5M | $-26.9M | ||
| Q2 25 | $879.8M | $-15.6M | ||
| Q1 25 | $993.6M | $1.3M | ||
| Q4 24 | $1.0B | $20.2M | ||
| Q3 24 | $1.1B | $28.0M | ||
| Q2 24 | $1.3B | $66.4M |
| Q1 26 | $3.6B | — | ||
| Q4 25 | $3.6B | $296.3M | ||
| Q3 25 | $3.3B | $302.1M | ||
| Q2 25 | $3.4B | $303.8M | ||
| Q1 25 | $3.4B | $293.8M | ||
| Q4 24 | $3.5B | $307.8M | ||
| Q3 24 | $3.6B | $309.3M | ||
| Q2 24 | $3.8B | $362.1M |
| Q1 26 | — | — | ||
| Q4 25 | 3.23× | — | ||
| Q3 25 | 2.70× | — | ||
| Q2 25 | 2.63× | — | ||
| Q1 25 | 2.23× | — | ||
| Q4 24 | 2.13× | 3.50× | ||
| Q3 24 | 2.06× | 1.82× | ||
| Q2 24 | 1.73× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $116.7M | $-5.8M | ||
| Q3 25 | $47.5M | $-968.0K | ||
| Q2 25 | $34.4M | $-4.0M | ||
| Q1 25 | $6.3M | $-23.1M | ||
| Q4 24 | $181.1M | $6.8M | ||
| Q3 24 | $52.2M | $1.1M | ||
| Q2 24 | $48.2M | $-8.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.60× | -330.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
