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Side-by-side financial comparison of Emerald Holding, Inc. (EEX) 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 $132.7M, roughly 1.1× Emerald Holding, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -22.8%, a 20.5% gap on every dollar of revenue. On growth, Emerald Holding, Inc. posted the faster year-over-year revenue change (24.3% vs 9.1%). Emerald Holding, Inc. produced more free cash flow last quarter ($11.7M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -0.3%).
TVS Emerald Haven Realty Limited is an Indian real estate development company headquartered in Chennai, Tamil Nadu. A subsidiary of TVS Holdings, it specializes in sustainable residential communities and urban development projects.
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.”
EEX vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $132.7M | $140.7M |
| Net Profit | $-30.2M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | -11.8% | -1.6% |
| Net Margin | -22.8% | -2.3% |
| Revenue YoY | 24.3% | 9.1% |
| Net Profit YoY | -692.2% | 62.1% |
| EPS (diluted) | $-0.15 | $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.
| Q4 25 | $132.7M | $140.7M | ||
| Q3 25 | $77.5M | $118.8M | ||
| Q2 25 | $105.5M | $105.1M | ||
| Q1 25 | $147.7M | $104.2M | ||
| Q4 24 | $106.8M | $129.0M | ||
| Q3 24 | $72.6M | $118.6M | ||
| Q2 24 | $86.0M | $120.3M | ||
| Q1 24 | $133.4M | $120.0M |
| Q4 25 | $-30.2M | $-3.2M | ||
| Q3 25 | $-14.4M | $-11.7M | ||
| Q2 25 | $-1.4M | $-17.3M | ||
| Q1 25 | $15.3M | $-19.1M | ||
| Q4 24 | $5.1M | $-8.5M | ||
| Q3 24 | $-11.1M | $-39.2M | ||
| Q2 24 | $-2.8M | $27.0K | ||
| Q1 24 | $11.0M | $-50.2M |
| Q4 25 | — | 41.9% | ||
| Q3 25 | — | 42.8% | ||
| Q2 25 | — | 35.9% | ||
| Q1 25 | — | 39.4% | ||
| Q4 24 | — | 42.9% | ||
| Q3 24 | — | 29.7% | ||
| Q2 24 | — | 40.7% | ||
| Q1 24 | — | 34.8% |
| Q4 25 | -11.8% | -1.6% | ||
| Q3 25 | -10.1% | -10.2% | ||
| Q2 25 | 9.7% | -13.5% | ||
| Q1 25 | 24.2% | -13.9% | ||
| Q4 24 | 19.5% | -6.0% | ||
| Q3 24 | -6.5% | -39.5% | ||
| Q2 24 | 7.4% | -12.1% | ||
| Q1 24 | 18.2% | -19.3% |
| Q4 25 | -22.8% | -2.3% | ||
| Q3 25 | -18.6% | -9.9% | ||
| Q2 25 | -1.3% | -16.5% | ||
| Q1 25 | 10.4% | -18.4% | ||
| Q4 24 | 4.8% | -6.6% | ||
| Q3 24 | -15.3% | -33.1% | ||
| Q2 24 | -3.3% | 0.0% | ||
| Q1 24 | 8.2% | -41.8% |
| Q4 25 | $-0.15 | $0.03 | ||
| Q3 25 | $-0.07 | $0.11 | ||
| Q2 25 | $-0.01 | $0.16 | ||
| Q1 25 | $0.08 | $0.18 | ||
| Q4 24 | $0.01 | $0.08 | ||
| Q3 24 | $-0.05 | $0.36 | ||
| Q2 24 | $-0.03 | $0.00 | ||
| Q1 24 | $0.00 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $100.9M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $338.8M | $-29.7M |
| Total Assets | $1.2B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $100.9M | $24.3M | ||
| Q3 25 | $95.4M | $32.4M | ||
| Q2 25 | $156.4M | $34.2M | ||
| Q1 25 | $276.8M | $21.6M | ||
| Q4 24 | $194.8M | $29.0M | ||
| Q3 24 | $188.9M | $23.4M | ||
| Q2 24 | $193.2M | $23.4M | ||
| Q1 24 | $186.8M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $338.8M | $-29.7M | ||
| Q3 25 | $369.5M | $-26.9M | ||
| Q2 25 | $389.4M | $-15.6M | ||
| Q1 25 | $392.1M | $1.3M | ||
| Q4 24 | $385.9M | $20.2M | ||
| Q3 24 | $391.1M | $28.0M | ||
| Q2 24 | $407.6M | $66.4M | ||
| Q1 24 | $-90.7M | $65.5M |
| Q4 25 | $1.2B | $296.3M | ||
| Q3 25 | $1.2B | $302.1M | ||
| Q2 25 | $1.2B | $303.8M | ||
| Q1 25 | $1.2B | $293.8M | ||
| Q4 24 | $1.0B | $307.8M | ||
| Q3 24 | $1.1B | $309.3M | ||
| Q2 24 | $1.1B | $362.1M | ||
| Q1 24 | $1.1B | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $12.3M | $-5.8M |
| Free Cash FlowOCF − Capex | $11.7M | $-7.8M |
| FCF MarginFCF / Revenue | 8.8% | -5.5% |
| Capex IntensityCapex / Revenue | 0.5% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $41.4M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $12.3M | $-5.8M | ||
| Q3 25 | $1.8M | $-968.0K | ||
| Q2 25 | $15.9M | $-4.0M | ||
| Q1 25 | $12.6M | $-23.1M | ||
| Q4 24 | $20.6M | $6.8M | ||
| Q3 24 | $9.1M | $1.1M | ||
| Q2 24 | $9.8M | $-8.9M | ||
| Q1 24 | $7.3M | $-16.8M |
| Q4 25 | $11.7M | $-7.8M | ||
| Q3 25 | $1.5M | $-1.8M | ||
| Q2 25 | $15.8M | $-7.0M | ||
| Q1 25 | $12.4M | $-25.3M | ||
| Q4 24 | $19.9M | $5.7M | ||
| Q3 24 | $9.0M | $101.0K | ||
| Q2 24 | $9.6M | $-11.0M | ||
| Q1 24 | $7.0M | $-19.9M |
| Q4 25 | 8.8% | -5.5% | ||
| Q3 25 | 1.9% | -1.5% | ||
| Q2 25 | 15.0% | -6.6% | ||
| Q1 25 | 8.4% | -24.3% | ||
| Q4 24 | 18.6% | 4.4% | ||
| Q3 24 | 12.4% | 0.1% | ||
| Q2 24 | 11.2% | -9.2% | ||
| Q1 24 | 5.2% | -16.5% |
| Q4 25 | 0.5% | 1.4% | ||
| Q3 25 | 0.4% | 0.7% | ||
| Q2 25 | 0.1% | 2.8% | ||
| Q1 25 | 0.1% | 2.2% | ||
| Q4 24 | 0.7% | 0.8% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.2% | 1.7% | ||
| Q1 24 | 0.2% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 4.04× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | 0.66× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EEX
| Connections Segment | $121.9M | 92% |
| Commerce Segment | $5.5M | 4% |
| Content | $5.3M | 4% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
