vs
Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and RideNow Group, Inc. (RDNW). Click either name above to swap in a different company.
RideNow Group, Inc. is the larger business by last-quarter revenue ($256.9M vs $140.7M, roughly 1.8× Purple Innovation, Inc.). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -2.5%, a 0.2% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -4.7%). RideNow Group, Inc. produced more free cash flow last quarter ($-200.0K vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -8.6%).
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.”
RideNow Group, Inc. is a leading U.S. retailer of new and used powersports vehicles, including motorcycles, all-terrain vehicles, side-by-sides, personal watercraft, and snowmobiles. It also offers related parts, repair services, and financing options for powersports enthusiasts across over 20 U.S. states.
PRPL vs RDNW — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $256.9M |
| Net Profit | $-3.2M | $-6.4M |
| Gross Margin | 41.9% | 27.6% |
| Operating Margin | -1.6% | 2.1% |
| Net Margin | -2.3% | -2.5% |
| Revenue YoY | 9.1% | -4.7% |
| Net Profit YoY | 62.1% | 88.7% |
| EPS (diluted) | $0.03 | $-0.16 |
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 | $256.9M | ||
| Q3 25 | $118.8M | $281.0M | ||
| Q2 25 | $105.1M | $299.9M | ||
| Q1 25 | $104.2M | $244.7M | ||
| Q4 24 | $129.0M | $269.6M | ||
| Q3 24 | $118.6M | $295.0M | ||
| Q2 24 | $120.3M | $336.8M | ||
| Q1 24 | $120.0M | $307.8M |
| Q4 25 | $-3.2M | $-6.4M | ||
| Q3 25 | $-11.7M | $-4.1M | ||
| Q2 25 | $-17.3M | $-32.2M | ||
| Q1 25 | $-19.1M | $-9.7M | ||
| Q4 24 | $-8.5M | $-56.4M | ||
| Q3 24 | $-39.2M | $-11.2M | ||
| Q2 24 | $27.0K | $-700.0K | ||
| Q1 24 | $-50.2M | $-10.3M |
| Q4 25 | 41.9% | 27.6% | ||
| Q3 25 | 42.8% | 27.0% | ||
| Q2 25 | 35.9% | 28.0% | ||
| Q1 25 | 39.4% | 27.5% | ||
| Q4 24 | 42.9% | 25.0% | ||
| Q3 24 | 29.7% | 25.2% | ||
| Q2 24 | 40.7% | 26.7% | ||
| Q1 24 | 34.8% | 26.8% |
| Q4 25 | -1.6% | 2.1% | ||
| Q3 25 | -10.2% | 3.3% | ||
| Q2 25 | -13.5% | -6.3% | ||
| Q1 25 | -13.9% | 1.6% | ||
| Q4 24 | -6.0% | -15.2% | ||
| Q3 24 | -39.5% | 1.8% | ||
| Q2 24 | -12.1% | 4.6% | ||
| Q1 24 | -19.3% | 1.7% |
| Q4 25 | -2.3% | -2.5% | ||
| Q3 25 | -9.9% | -1.5% | ||
| Q2 25 | -16.5% | -10.7% | ||
| Q1 25 | -18.4% | -4.0% | ||
| Q4 24 | -6.6% | -20.9% | ||
| Q3 24 | -33.1% | -3.8% | ||
| Q2 24 | 0.0% | -0.2% | ||
| Q1 24 | -41.8% | -3.3% |
| Q4 25 | $0.03 | $-0.16 | ||
| Q3 25 | $0.11 | $-0.11 | ||
| Q2 25 | $0.16 | $-0.85 | ||
| Q1 25 | $0.18 | $-0.26 | ||
| Q4 24 | $0.08 | $-1.59 | ||
| Q3 24 | $0.36 | $-0.32 | ||
| Q2 24 | $0.00 | $-0.02 | ||
| Q1 24 | $0.47 | $-0.29 |
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 | $29.5M |
| Total DebtLower is stronger | $126.7M | $218.8M |
| Stockholders' EquityBook value | $-29.7M | $-12.5M |
| Total Assets | $296.3M | $673.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $29.5M | ||
| Q3 25 | $32.4M | $35.4M | ||
| Q2 25 | $34.2M | $44.7M | ||
| Q1 25 | $21.6M | $41.1M | ||
| Q4 24 | $29.0M | $85.3M | ||
| Q3 24 | $23.4M | $50.1M | ||
| Q2 24 | $23.4M | $58.1M | ||
| Q1 24 | $34.5M | $50.3M |
| Q4 25 | $126.7M | $218.8M | ||
| Q3 25 | — | $207.5M | ||
| Q2 25 | — | $218.4M | ||
| Q1 25 | — | $215.5M | ||
| Q4 24 | $70.7M | $267.4M | ||
| Q3 24 | $50.8M | $249.0M | ||
| Q2 24 | — | $247.7M | ||
| Q1 24 | — | $245.2M |
| Q4 25 | $-29.7M | $-12.5M | ||
| Q3 25 | $-26.9M | $-6.9M | ||
| Q2 25 | $-15.6M | $-4.7M | ||
| Q1 25 | $1.3M | $26.9M | ||
| Q4 24 | $20.2M | $36.7M | ||
| Q3 24 | $28.0M | $83.3M | ||
| Q2 24 | $66.4M | $93.4M | ||
| Q1 24 | $65.5M | $92.7M |
| Q4 25 | $296.3M | $673.6M | ||
| Q3 25 | $302.1M | $699.4M | ||
| Q2 25 | $303.8M | $712.3M | ||
| Q1 25 | $293.8M | $738.9M | ||
| Q4 24 | $307.8M | $755.2M | ||
| Q3 24 | $309.3M | $830.5M | ||
| Q2 24 | $362.1M | $896.0M | ||
| Q1 24 | $382.1M | $898.7M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 8.01× | ||
| Q4 24 | 3.50× | 7.29× | ||
| Q3 24 | 1.82× | 2.99× | ||
| Q2 24 | — | 2.65× | ||
| Q1 24 | — | 2.65× |
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 | $400.0K |
| Free Cash FlowOCF − Capex | $-7.8M | $-200.0K |
| FCF MarginFCF / Revenue | -5.5% | -0.1% |
| Capex IntensityCapex / Revenue | 1.4% | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | $10.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $400.0K | ||
| Q3 25 | $-968.0K | $11.5M | ||
| Q2 25 | $-4.0M | $10.9M | ||
| Q1 25 | $-23.1M | $-6.9M | ||
| Q4 24 | $6.8M | $30.8M | ||
| Q3 24 | $1.1M | $39.4M | ||
| Q2 24 | $-8.9M | $12.2M | ||
| Q1 24 | $-16.8M | $17.0M |
| Q4 25 | $-7.8M | $-200.0K | ||
| Q3 25 | $-1.8M | $9.4M | ||
| Q2 25 | $-7.0M | $8.5M | ||
| Q1 25 | $-25.3M | $-7.4M | ||
| Q4 24 | $5.7M | $30.4M | ||
| Q3 24 | $101.0K | $38.8M | ||
| Q2 24 | $-11.0M | $11.8M | ||
| Q1 24 | $-19.9M | $16.4M |
| Q4 25 | -5.5% | -0.1% | ||
| Q3 25 | -1.5% | 3.3% | ||
| Q2 25 | -6.6% | 2.8% | ||
| Q1 25 | -24.3% | -3.0% | ||
| Q4 24 | 4.4% | 11.3% | ||
| Q3 24 | 0.1% | 13.2% | ||
| Q2 24 | -9.2% | 3.5% | ||
| Q1 24 | -16.5% | 5.3% |
| Q4 25 | 1.4% | 0.2% | ||
| Q3 25 | 0.7% | 0.7% | ||
| Q2 25 | 2.8% | 0.8% | ||
| Q1 25 | 2.2% | 0.2% | ||
| Q4 24 | 0.8% | 0.1% | ||
| Q3 24 | 0.9% | 0.2% | ||
| Q2 24 | 1.7% | 0.1% | ||
| Q1 24 | 2.5% | 0.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -330.22× | — | ||
| Q1 24 | — | — |
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% |
RDNW
| Powersports New Vehicles | $133.5M | 52% |
| Parts And Other Revenue | $48.5M | 19% |
| Powersports Pre Owned Vehicles | $45.8M | 18% |
| Finance And Insurance | $24.1M | 9% |
| Vehicle Transportation Services Segment | $800.0K | 0% |
