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Side-by-side financial comparison of OLAPLEX HOLDINGS, INC. (OLPX) 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 $105.1M, roughly 1.3× OLAPLEX HOLDINGS, INC.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -12.5%, a 10.2% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 4.3%). OLAPLEX HOLDINGS, INC. produced more free cash flow last quarter ($32.6M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs 3.1%).
Olaplex Holdings, Inc. is a specialty beauty company developing and selling patented bond-repair hair care products. It runs three core segments: professional salon distribution, direct-to-consumer sales, and third-party retail, serving customers across North America, Europe, and Asia-Pacific with products that repair and protect damaged hair.
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.”
OLPX vs PRPL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $105.1M | $140.7M |
| Net Profit | $-13.1M | $-3.2M |
| Gross Margin | 68.0% | 41.9% |
| Operating Margin | -4.3% | -1.6% |
| Net Margin | -12.5% | -2.3% |
| Revenue YoY | 4.3% | 9.1% |
| Net Profit YoY | -48.9% | 62.1% |
| EPS (diluted) | $-0.02 | $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 | $105.1M | $140.7M | ||
| Q3 25 | $114.6M | $118.8M | ||
| Q2 25 | $106.3M | $105.1M | ||
| Q1 25 | $97.0M | $104.2M | ||
| Q4 24 | $100.7M | $129.0M | ||
| Q3 24 | $119.1M | $118.6M | ||
| Q2 24 | $103.9M | $120.3M | ||
| Q1 24 | $98.9M | $120.0M |
| Q4 25 | $-13.1M | $-3.2M | ||
| Q3 25 | $11.1M | $-11.7M | ||
| Q2 25 | $-7.7M | $-17.3M | ||
| Q1 25 | $465.0K | $-19.1M | ||
| Q4 24 | $-8.8M | $-8.5M | ||
| Q3 24 | $14.8M | $-39.2M | ||
| Q2 24 | $5.8M | $27.0K | ||
| Q1 24 | $7.7M | $-50.2M |
| Q4 25 | 68.0% | 41.9% | ||
| Q3 25 | 69.1% | 42.8% | ||
| Q2 25 | 71.2% | 35.9% | ||
| Q1 25 | 69.5% | 39.4% | ||
| Q4 24 | 66.3% | 42.9% | ||
| Q3 24 | 68.6% | 29.7% | ||
| Q2 24 | 69.7% | 40.7% | ||
| Q1 24 | 72.1% | 34.8% |
| Q4 25 | -4.3% | -1.6% | ||
| Q3 25 | 3.7% | -10.2% | ||
| Q2 25 | -1.1% | -13.5% | ||
| Q1 25 | 8.7% | -13.9% | ||
| Q4 24 | 3.0% | -6.0% | ||
| Q3 24 | 23.5% | -39.5% | ||
| Q2 24 | 15.7% | -12.1% | ||
| Q1 24 | 19.8% | -19.3% |
| Q4 25 | -12.5% | -2.3% | ||
| Q3 25 | 9.7% | -9.9% | ||
| Q2 25 | -7.3% | -16.5% | ||
| Q1 25 | 0.5% | -18.4% | ||
| Q4 24 | -8.7% | -6.6% | ||
| Q3 24 | 12.4% | -33.1% | ||
| Q2 24 | 5.6% | 0.0% | ||
| Q1 24 | 7.8% | -41.8% |
| Q4 25 | $-0.02 | $0.03 | ||
| Q3 25 | $0.02 | $0.11 | ||
| Q2 25 | $-0.01 | $0.16 | ||
| Q1 25 | $0.00 | $0.18 | ||
| Q4 24 | $-0.01 | $0.08 | ||
| Q3 24 | $0.02 | $0.36 | ||
| Q2 24 | $0.01 | $0.00 | ||
| Q1 24 | $0.01 | $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 | $318.7M | $24.3M |
| Total DebtLower is stronger | $352.3M | $126.7M |
| Stockholders' EquityBook value | $879.4M | $-29.7M |
| Total Assets | $1.5B | $296.3M |
| Debt / EquityLower = less leverage | 0.40× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $318.7M | $24.3M | ||
| Q3 25 | $286.4M | $32.4M | ||
| Q2 25 | $289.3M | $34.2M | ||
| Q1 25 | $580.9M | $21.6M | ||
| Q4 24 | $586.0M | $29.0M | ||
| Q3 24 | $538.8M | $23.4M | ||
| Q2 24 | $507.9M | $23.4M | ||
| Q1 24 | $507.5M | $34.5M |
| Q4 25 | $352.3M | $126.7M | ||
| Q3 25 | $352.1M | — | ||
| Q2 25 | $351.9M | — | ||
| Q1 25 | $649.1M | — | ||
| Q4 24 | $650.5M | $70.7M | ||
| Q3 24 | $651.8M | $50.8M | ||
| Q2 24 | $653.1M | — | ||
| Q1 24 | $654.4M | — |
| Q4 25 | $879.4M | $-29.7M | ||
| Q3 25 | $888.7M | $-26.9M | ||
| Q2 25 | $874.2M | $-15.6M | ||
| Q1 25 | $878.3M | $1.3M | ||
| Q4 24 | $874.4M | $20.2M | ||
| Q3 24 | $879.7M | $28.0M | ||
| Q2 24 | $863.3M | $66.4M | ||
| Q1 24 | $855.7M | $65.5M |
| Q4 25 | $1.5B | $296.3M | ||
| Q3 25 | $1.5B | $302.1M | ||
| Q2 25 | $1.5B | $303.8M | ||
| Q1 25 | $1.8B | $293.8M | ||
| Q4 24 | $1.8B | $307.8M | ||
| Q3 24 | $1.8B | $309.3M | ||
| Q2 24 | $1.8B | $362.1M | ||
| Q1 24 | $1.8B | $382.1M |
| Q4 25 | 0.40× | — | ||
| Q3 25 | 0.40× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 0.74× | 3.50× | ||
| Q3 24 | 0.74× | 1.82× | ||
| Q2 24 | 0.76× | — | ||
| Q1 24 | 0.76× | — |
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 | $32.6M | $-7.8M |
| FCF MarginFCF / Revenue | 31.0% | -5.5% |
| Capex IntensityCapex / Revenue | 0.1% | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $58.3M | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $32.7M | $-5.8M | ||
| Q3 25 | $8.0M | $-968.0K | ||
| Q2 25 | $20.9M | $-4.0M | ||
| Q1 25 | $-2.9M | $-23.1M | ||
| Q4 24 | $49.7M | $6.8M | ||
| Q3 24 | $33.5M | $1.1M | ||
| Q2 24 | $16.2M | $-8.9M | ||
| Q1 24 | $43.7M | $-16.8M |
| Q4 25 | $32.6M | $-7.8M | ||
| Q3 25 | $7.9M | $-1.8M | ||
| Q2 25 | $20.8M | $-7.0M | ||
| Q1 25 | $-3.0M | $-25.3M | ||
| Q4 24 | $49.2M | $5.7M | ||
| Q3 24 | $33.3M | $101.0K | ||
| Q2 24 | $16.1M | $-11.0M | ||
| Q1 24 | $43.3M | $-19.9M |
| Q4 25 | 31.0% | -5.5% | ||
| Q3 25 | 6.9% | -1.5% | ||
| Q2 25 | 19.6% | -6.6% | ||
| Q1 25 | -3.1% | -24.3% | ||
| Q4 24 | 48.9% | 4.4% | ||
| Q3 24 | 28.0% | 0.1% | ||
| Q2 24 | 15.5% | -9.2% | ||
| Q1 24 | 43.7% | -16.5% |
| Q4 25 | 0.1% | 1.4% | ||
| Q3 25 | 0.1% | 0.7% | ||
| Q2 25 | 0.1% | 2.8% | ||
| Q1 25 | 0.0% | 2.2% | ||
| Q4 24 | 0.4% | 0.8% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 0.1% | 1.7% | ||
| Q1 24 | 0.5% | 2.5% |
| Q4 25 | — | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -6.27× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 2.26× | — | ||
| Q2 24 | 2.81× | -330.22× | ||
| Q1 24 | 5.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
OLPX
| Sales Channel Directly To Consumer | $43.6M | 42% |
| Sales Channel Through Intermediary Professional | $36.8M | 35% |
| Sales Channel Through Intermediary Specialty Retail | $24.7M | 23% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
