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Side-by-side financial comparison of Immunocore Holdings plc (IMCR) 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 $104.5M, roughly 1.3× Immunocore Holdings plc). On growth, Immunocore Holdings plc posted the faster year-over-year revenue change (24.3% vs 9.1%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-35.5M). Over the past eight quarters, Immunocore Holdings plc's revenue compounded faster (21.7% CAGR vs 8.3%).
Immunocore is a global commercial-stage biotechnology company, based in Oxfordshire, which researches and develops biological drugs using soluble T-cell receptor technology.
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.”
IMCR vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $104.5M | $140.7M |
| Net Profit | — | $-3.2M |
| Gross Margin | 97.4% | 41.9% |
| Operating Margin | -18.8% | -1.6% |
| Net Margin | — | -2.3% |
| Revenue YoY | 24.3% | 9.1% |
| Net Profit YoY | — | 62.1% |
| EPS (diluted) | $-0.61 | $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 | $104.5M | $140.7M | ||
| Q3 25 | $103.7M | $118.8M | ||
| Q2 25 | $98.0M | $105.1M | ||
| Q1 25 | $93.9M | $104.2M | ||
| Q4 24 | $84.1M | $129.0M | ||
| Q3 24 | $80.2M | $118.6M | ||
| Q2 24 | $75.4M | $120.3M | ||
| Q1 24 | $70.5M | $120.0M |
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-177.0K | $-11.7M | ||
| Q2 25 | $-10.3M | $-17.3M | ||
| Q1 25 | $5.0M | $-19.1M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | $8.7M | $-39.2M | ||
| Q2 24 | $-11.6M | $27.0K | ||
| Q1 24 | $-24.4M | $-50.2M |
| Q4 25 | 97.4% | 41.9% | ||
| Q3 25 | 99.5% | 42.8% | ||
| Q2 25 | 98.9% | 35.9% | ||
| Q1 25 | 99.1% | 39.4% | ||
| Q4 24 | 99.6% | 42.9% | ||
| Q3 24 | 99.4% | 29.7% | ||
| Q2 24 | 97.7% | 40.7% | ||
| Q1 24 | 99.7% | 34.8% |
| Q4 25 | -18.8% | -1.6% | ||
| Q3 25 | -6.9% | -10.2% | ||
| Q2 25 | -15.2% | -13.5% | ||
| Q1 25 | -3.9% | -13.9% | ||
| Q4 24 | -23.1% | -6.0% | ||
| Q3 24 | -10.6% | -39.5% | ||
| Q2 24 | -21.2% | -12.1% | ||
| Q1 24 | -37.6% | -19.3% |
| Q4 25 | — | -2.3% | ||
| Q3 25 | -0.2% | -9.9% | ||
| Q2 25 | -10.5% | -16.5% | ||
| Q1 25 | 5.4% | -18.4% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | 10.9% | -33.1% | ||
| Q2 24 | -15.4% | 0.0% | ||
| Q1 24 | -34.7% | -41.8% |
| Q4 25 | $-0.61 | $0.03 | ||
| Q3 25 | $0.00 | $0.11 | ||
| Q2 25 | $-0.20 | $0.16 | ||
| Q1 25 | $0.10 | $0.18 | ||
| Q4 24 | $-0.47 | $0.08 | ||
| Q3 24 | $0.17 | $0.36 | ||
| Q2 24 | $-0.23 | $0.00 | ||
| Q1 24 | $-0.49 | $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 | $864.2M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $381.0M | $-29.7M |
| Total Assets | $1.1B | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $864.2M | $24.3M | ||
| Q3 25 | $892.4M | $32.4M | ||
| Q2 25 | $882.8M | $34.2M | ||
| Q1 25 | $837.0M | $21.6M | ||
| Q4 24 | $820.4M | $29.0M | ||
| Q3 24 | $901.3M | $23.4M | ||
| Q2 24 | $859.6M | $23.4M | ||
| Q1 24 | $832.8M | $34.5M |
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | $438.7M | $50.8M | ||
| Q2 24 | $452.5M | — | ||
| Q1 24 | $452.5M | — |
| Q4 25 | $381.0M | $-29.7M | ||
| Q3 25 | $396.6M | $-26.9M | ||
| Q2 25 | $388.5M | $-15.6M | ||
| Q1 25 | $378.5M | $1.3M | ||
| Q4 24 | $360.7M | $20.2M | ||
| Q3 24 | $377.8M | $28.0M | ||
| Q2 24 | $359.1M | $66.4M | ||
| Q1 24 | $359.5M | $65.5M |
| Q4 25 | $1.1B | $296.3M | ||
| Q3 25 | $1.1B | $302.1M | ||
| Q2 25 | $1.1B | $303.8M | ||
| Q1 25 | $1.0B | $293.8M | ||
| Q4 24 | $1.0B | $307.8M | ||
| Q3 24 | $1.1B | $309.3M | ||
| Q2 24 | $1.0B | $362.1M | ||
| Q1 24 | $994.0M | $382.1M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | 1.16× | 1.82× | ||
| Q2 24 | 1.26× | — | ||
| Q1 24 | 1.26× | — |
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 | $-32.7M | $-5.8M |
| Free Cash FlowOCF − Capex | $-35.5M | $-7.8M |
| FCF MarginFCF / Revenue | -34.0% | -5.5% |
| Capex IntensityCapex / Revenue | 2.8% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-15.1M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-32.7M | $-5.8M | ||
| Q3 25 | $-4.5M | $-968.0K | ||
| Q2 25 | $26.0M | $-4.0M | ||
| Q1 25 | $435.0K | $-23.1M | ||
| Q4 24 | $-14.0M | $6.8M | ||
| Q3 24 | $21.1M | $1.1M | ||
| Q2 24 | $23.5M | $-8.9M | ||
| Q1 24 | $-4.6M | $-16.8M |
| Q4 25 | $-35.5M | $-7.8M | ||
| Q3 25 | $-5.2M | $-1.8M | ||
| Q2 25 | $25.6M | $-7.0M | ||
| Q1 25 | $137.0K | $-25.3M | ||
| Q4 24 | $-17.5M | $5.7M | ||
| Q3 24 | $20.3M | $101.0K | ||
| Q2 24 | $23.1M | $-11.0M | ||
| Q1 24 | $-5.0M | $-19.9M |
| Q4 25 | -34.0% | -5.5% | ||
| Q3 25 | -5.0% | -1.5% | ||
| Q2 25 | 26.1% | -6.6% | ||
| Q1 25 | 0.1% | -24.3% | ||
| Q4 24 | -20.9% | 4.4% | ||
| Q3 24 | 25.3% | 0.1% | ||
| Q2 24 | 30.7% | -9.2% | ||
| Q1 24 | -7.1% | -16.5% |
| Q4 25 | 2.8% | 1.4% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 0.4% | 2.8% | ||
| Q1 25 | 0.3% | 2.2% | ||
| Q4 24 | 4.3% | 0.8% | ||
| Q3 24 | 1.0% | 0.9% | ||
| Q2 24 | 0.4% | 1.7% | ||
| Q1 24 | 0.6% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.09× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.42× | — | ||
| Q2 24 | — | -330.22× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IMCR
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
