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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and P10, Inc. (PX). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $81.0M, roughly 1.7× P10, Inc.). P10, Inc. runs the higher net margin — 11.7% vs -2.3%, a 13.9% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -4.7%). P10, Inc. produced more free cash flow last quarter ($18.1M vs $-7.8M). Over the past eight quarters, P10, Inc.'s revenue compounded faster (10.7% CAGR vs 8.3%).
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.”
P10, Inc. is a global alternative investment management firm that offers a diversified portfolio of investment solutions spanning private equity, private credit, real assets and venture capital. It primarily caters to institutional clients including pension funds, endowments, foundations, and high-net-worth individuals across North America, Europe, and Asia Pacific.
PRPL vs PX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $81.0M |
| Net Profit | $-3.2M | $9.5M |
| Gross Margin | 41.9% | — |
| Operating Margin | -1.6% | 31.9% |
| Net Margin | -2.3% | 11.7% |
| Revenue YoY | 9.1% | -4.7% |
| Net Profit YoY | 62.1% | 79.0% |
| EPS (diluted) | $0.03 | $0.08 |
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 | $140.7M | $81.0M | ||
| Q3 25 | $118.8M | $75.9M | ||
| Q2 25 | $105.1M | $72.7M | ||
| Q1 25 | $104.2M | $67.7M | ||
| Q4 24 | $129.0M | $85.0M | ||
| Q3 24 | $118.6M | $74.2M | ||
| Q2 24 | $120.3M | $71.1M | ||
| Q1 24 | $120.0M | $66.1M |
| Q4 25 | $-3.2M | $9.5M | ||
| Q3 25 | $-11.7M | $2.1M | ||
| Q2 25 | $-17.3M | $3.4M | ||
| Q1 25 | $-19.1M | $4.5M | ||
| Q4 24 | $-8.5M | $5.3M | ||
| Q3 24 | $-39.2M | $1.4M | ||
| Q2 24 | $27.0K | $7.0M | ||
| Q1 24 | $-50.2M | $5.0M |
| 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 | -1.6% | 31.9% | ||
| Q3 25 | -10.2% | 14.1% | ||
| Q2 25 | -13.5% | 24.4% | ||
| Q1 25 | -13.9% | 16.6% | ||
| Q4 24 | -6.0% | 26.9% | ||
| Q3 24 | -39.5% | 11.9% | ||
| Q2 24 | -12.1% | 23.7% | ||
| Q1 24 | -19.3% | 18.3% |
| Q4 25 | -2.3% | 11.7% | ||
| Q3 25 | -9.9% | 2.8% | ||
| Q2 25 | -16.5% | 4.7% | ||
| Q1 25 | -18.4% | 6.7% | ||
| Q4 24 | -6.6% | 6.2% | ||
| Q3 24 | -33.1% | 1.9% | ||
| Q2 24 | 0.0% | 9.8% | ||
| Q1 24 | -41.8% | 7.6% |
| Q4 25 | $0.03 | $0.08 | ||
| Q3 25 | $0.11 | $0.02 | ||
| Q2 25 | $0.16 | $0.03 | ||
| Q1 25 | $0.18 | $0.04 | ||
| Q4 24 | $0.08 | $0.05 | ||
| Q3 24 | $0.36 | $0.01 | ||
| Q2 24 | $0.00 | $0.06 | ||
| Q1 24 | $0.47 | $0.04 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $24.3M | $28.2M |
| Total DebtLower is stronger | $126.7M | $373.2M |
| Stockholders' EquityBook value | $-29.7M | $403.5M |
| Total Assets | $296.3M | $928.3M |
| Debt / EquityLower = less leverage | — | 0.93× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $28.2M | ||
| Q3 25 | $32.4M | $40.0M | ||
| Q2 25 | $34.2M | $33.4M | ||
| Q1 25 | $21.6M | $74.4M | ||
| Q4 24 | $29.0M | $67.5M | ||
| Q3 24 | $23.4M | $61.5M | ||
| Q2 24 | $23.4M | $31.2M | ||
| Q1 24 | $34.5M | $29.0M |
| Q4 25 | $126.7M | $373.2M | ||
| Q3 25 | — | $393.4M | ||
| Q2 25 | — | $373.0M | ||
| Q1 25 | — | $357.2M | ||
| Q4 24 | $70.7M | $319.8M | ||
| Q3 24 | $50.8M | $319.4M | ||
| Q2 24 | — | $300.6M | ||
| Q1 24 | — | $314.0M |
| Q4 25 | $-29.7M | $403.5M | ||
| Q3 25 | $-26.9M | $396.8M | ||
| Q2 25 | $-15.6M | $388.9M | ||
| Q1 25 | $1.3M | $374.3M | ||
| Q4 24 | $20.2M | $386.9M | ||
| Q3 24 | $28.0M | $394.1M | ||
| Q2 24 | $66.4M | $396.9M | ||
| Q1 24 | $65.5M | $400.1M |
| Q4 25 | $296.3M | $928.3M | ||
| Q3 25 | $302.1M | $936.0M | ||
| Q2 25 | $303.8M | $932.2M | ||
| Q1 25 | $293.8M | $877.4M | ||
| Q4 24 | $307.8M | $869.3M | ||
| Q3 24 | $309.3M | $857.0M | ||
| Q2 24 | $362.1M | $823.2M | ||
| Q1 24 | $382.1M | $832.8M |
| Q4 25 | — | 0.93× | ||
| Q3 25 | — | 0.99× | ||
| Q2 25 | — | 0.96× | ||
| Q1 25 | — | 0.95× | ||
| Q4 24 | 3.50× | 0.83× | ||
| Q3 24 | 1.82× | 0.81× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | 0.78× |
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 | $23.0M |
| Free Cash FlowOCF − Capex | $-7.8M | $18.1M |
| FCF MarginFCF / Revenue | -5.5% | 22.3% |
| Capex IntensityCapex / Revenue | 1.4% | 6.0% |
| Cash ConversionOCF / Net Profit | — | 2.43× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | $14.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $23.0M | ||
| Q3 25 | $-968.0K | $-8.6M | ||
| Q2 25 | $-4.0M | $13.4M | ||
| Q1 25 | $-23.1M | $-4.7M | ||
| Q4 24 | $6.8M | $101.0M | ||
| Q3 24 | $1.1M | $27.5M | ||
| Q2 24 | $-8.9M | $34.8M | ||
| Q1 24 | $-16.8M | $11.0M |
| Q4 25 | $-7.8M | $18.1M | ||
| Q3 25 | $-1.8M | $-9.5M | ||
| Q2 25 | $-7.0M | $11.6M | ||
| Q1 25 | $-25.3M | $-6.0M | ||
| Q4 24 | $5.7M | $96.6M | ||
| Q3 24 | $101.0K | $25.2M | ||
| Q2 24 | $-11.0M | $33.9M | ||
| Q1 24 | $-19.9M | $10.7M |
| Q4 25 | -5.5% | 22.3% | ||
| Q3 25 | -1.5% | -12.6% | ||
| Q2 25 | -6.6% | 15.9% | ||
| Q1 25 | -24.3% | -8.9% | ||
| Q4 24 | 4.4% | 113.6% | ||
| Q3 24 | 0.1% | 34.0% | ||
| Q2 24 | -9.2% | 47.7% | ||
| Q1 24 | -16.5% | 16.2% |
| Q4 25 | 1.4% | 6.0% | ||
| Q3 25 | 0.7% | 1.2% | ||
| Q2 25 | 2.8% | 2.5% | ||
| Q1 25 | 2.2% | 1.9% | ||
| Q4 24 | 0.8% | 5.2% | ||
| Q3 24 | 0.9% | 3.0% | ||
| Q2 24 | 1.7% | 1.3% | ||
| Q1 24 | 2.5% | 0.4% |
| Q4 25 | — | 2.43× | ||
| Q3 25 | — | -4.01× | ||
| Q2 25 | — | 3.96× | ||
| Q1 25 | — | -1.05× | ||
| Q4 24 | — | 19.12× | ||
| Q3 24 | — | 19.54× | ||
| Q2 24 | -330.22× | 4.98× | ||
| Q1 24 | — | 2.18× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
PX
| Management Fees | $78.1M | 96% |
| Advisory Fees | $1.8M | 2% |
