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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

REPLIGEN CORP is the larger business by last-quarter revenue ($197.9M vs $140.7M, roughly 1.4× Purple Innovation, Inc.). REPLIGEN CORP runs the higher net margin — 6.7% vs -2.3%, a 9.0% gap on every dollar of revenue. On growth, REPLIGEN CORP posted the faster year-over-year revenue change (13.6% vs 9.1%). REPLIGEN CORP produced more free cash flow last quarter ($17.6M vs $-7.8M). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% 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.”

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

PRPL vs RGEN — Head-to-Head

Bigger by revenue
RGEN
RGEN
1.4× larger
RGEN
$197.9M
$140.7M
PRPL
Growing faster (revenue YoY)
RGEN
RGEN
+4.6% gap
RGEN
13.6%
9.1%
PRPL
Higher net margin
RGEN
RGEN
9.0% more per $
RGEN
6.7%
-2.3%
PRPL
More free cash flow
RGEN
RGEN
$25.4M more FCF
RGEN
$17.6M
$-7.8M
PRPL
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
8.3%
PRPL

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
PRPL
PRPL
RGEN
RGEN
Revenue
$140.7M
$197.9M
Net Profit
$-3.2M
$13.3M
Gross Margin
41.9%
52.5%
Operating Margin
-1.6%
9.0%
Net Margin
-2.3%
6.7%
Revenue YoY
9.1%
13.6%
Net Profit YoY
62.1%
143.9%
EPS (diluted)
$0.03
$0.24

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.

Revenue
PRPL
PRPL
RGEN
RGEN
Q4 25
$140.7M
$197.9M
Q3 25
$118.8M
$188.8M
Q2 25
$105.1M
$182.4M
Q1 25
$104.2M
$169.2M
Q4 24
$129.0M
$174.1M
Q3 24
$118.6M
$154.9M
Q2 24
$120.3M
$154.1M
Q1 24
$120.0M
$151.3M
Net Profit
PRPL
PRPL
RGEN
RGEN
Q4 25
$-3.2M
$13.3M
Q3 25
$-11.7M
$14.9M
Q2 25
$-17.3M
$14.9M
Q1 25
$-19.1M
$5.8M
Q4 24
$-8.5M
$-30.3M
Q3 24
$-39.2M
$-654.0K
Q2 24
$27.0K
$3.3M
Q1 24
$-50.2M
$2.1M
Gross Margin
PRPL
PRPL
RGEN
RGEN
Q4 25
41.9%
52.5%
Q3 25
42.8%
53.2%
Q2 25
35.9%
50.0%
Q1 25
39.4%
53.6%
Q4 24
42.9%
26.1%
Q3 24
29.7%
50.0%
Q2 24
40.7%
49.8%
Q1 24
34.8%
49.5%
Operating Margin
PRPL
PRPL
RGEN
RGEN
Q4 25
-1.6%
9.0%
Q3 25
-10.2%
8.9%
Q2 25
-13.5%
7.6%
Q1 25
-13.9%
3.9%
Q4 24
-6.0%
-17.7%
Q3 24
-39.5%
-5.1%
Q2 24
-12.1%
1.0%
Q1 24
-19.3%
1.3%
Net Margin
PRPL
PRPL
RGEN
RGEN
Q4 25
-2.3%
6.7%
Q3 25
-9.9%
7.9%
Q2 25
-16.5%
8.2%
Q1 25
-18.4%
3.4%
Q4 24
-6.6%
-17.4%
Q3 24
-33.1%
-0.4%
Q2 24
0.0%
2.2%
Q1 24
-41.8%
1.4%
EPS (diluted)
PRPL
PRPL
RGEN
RGEN
Q4 25
$0.03
$0.24
Q3 25
$0.11
$0.26
Q2 25
$0.16
$0.26
Q1 25
$0.18
$0.10
Q4 24
$0.08
$-0.55
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
PRPL
PRPL
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$24.3M
$767.6M
Total DebtLower is stronger
$126.7M
$542.2M
Stockholders' EquityBook value
$-29.7M
$2.1B
Total Assets
$296.3M
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRPL
PRPL
RGEN
RGEN
Q4 25
$24.3M
$767.6M
Q3 25
$32.4M
$748.7M
Q2 25
$34.2M
$708.9M
Q1 25
$21.6M
$697.2M
Q4 24
$29.0M
$757.4M
Q3 24
$23.4M
$784.0M
Q2 24
$23.4M
$809.1M
Q1 24
$34.5M
$780.6M
Total Debt
PRPL
PRPL
RGEN
RGEN
Q4 25
$126.7M
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$70.7M
$525.6M
Q3 24
$50.8M
Q2 24
Q1 24
Stockholders' Equity
PRPL
PRPL
RGEN
RGEN
Q4 25
$-29.7M
$2.1B
Q3 25
$-26.9M
$2.1B
Q2 25
$-15.6M
$2.1B
Q1 25
$1.3M
$2.0B
Q4 24
$20.2M
$2.0B
Q3 24
$28.0M
$2.0B
Q2 24
$66.4M
$2.0B
Q1 24
$65.5M
$2.0B
Total Assets
PRPL
PRPL
RGEN
RGEN
Q4 25
$296.3M
$2.9B
Q3 25
$302.1M
$2.9B
Q2 25
$303.8M
$2.9B
Q1 25
$293.8M
$2.9B
Q4 24
$307.8M
$2.8B
Q3 24
$309.3M
$2.8B
Q2 24
$362.1M
$2.9B
Q1 24
$382.1M
$2.8B
Debt / Equity
PRPL
PRPL
RGEN
RGEN
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
3.50×
0.27×
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
PRPL
PRPL
RGEN
RGEN
Operating Cash FlowLast quarter
$-5.8M
$25.7M
Free Cash FlowOCF − Capex
$-7.8M
$17.6M
FCF MarginFCF / Revenue
-5.5%
8.9%
Capex IntensityCapex / Revenue
1.4%
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$-41.9M
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRPL
PRPL
RGEN
RGEN
Q4 25
$-5.8M
$25.7M
Q3 25
$-968.0K
$48.1M
Q2 25
$-4.0M
$28.6M
Q1 25
$-23.1M
$15.0M
Q4 24
$6.8M
$39.2M
Q3 24
$1.1M
$49.3M
Q2 24
$-8.9M
$42.2M
Q1 24
$-16.8M
$44.7M
Free Cash Flow
PRPL
PRPL
RGEN
RGEN
Q4 25
$-7.8M
$17.6M
Q3 25
$-1.8M
$43.4M
Q2 25
$-7.0M
$21.5M
Q1 25
$-25.3M
$11.4M
Q4 24
$5.7M
$33.6M
Q3 24
$101.0K
$42.3M
Q2 24
$-11.0M
$37.4M
Q1 24
$-19.9M
$36.4M
FCF Margin
PRPL
PRPL
RGEN
RGEN
Q4 25
-5.5%
8.9%
Q3 25
-1.5%
23.0%
Q2 25
-6.6%
11.8%
Q1 25
-24.3%
6.8%
Q4 24
4.4%
19.3%
Q3 24
0.1%
27.3%
Q2 24
-9.2%
24.3%
Q1 24
-16.5%
24.0%
Capex Intensity
PRPL
PRPL
RGEN
RGEN
Q4 25
1.4%
4.1%
Q3 25
0.7%
2.5%
Q2 25
2.8%
3.9%
Q1 25
2.2%
2.1%
Q4 24
0.8%
3.2%
Q3 24
0.9%
4.5%
Q2 24
1.7%
3.1%
Q1 24
2.5%
5.5%
Cash Conversion
PRPL
PRPL
RGEN
RGEN
Q4 25
1.93×
Q3 25
3.23×
Q2 25
1.92×
Q1 25
2.57×
Q4 24
Q3 24
Q2 24
-330.22×
12.70×
Q1 24
21.35×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PRPL
PRPL

Cost Of Revenues$81.7M58%
Other$59.0M42%

RGEN
RGEN

Segment breakdown not available.

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