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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $140.7M, roughly 1.3× Purple Innovation, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs -2.3%, a 50.2% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -21.9%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -15.4%).
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.”
PRPL vs RILY — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $188.3M |
| Net Profit | $-3.2M | $90.3M |
| Gross Margin | 41.9% | 79.5% |
| Operating Margin | -1.6% | 32.3% |
| Net Margin | -2.3% | 47.9% |
| Revenue YoY | 9.1% | -21.9% |
| Net Profit YoY | 62.1% | 1710.8% |
| EPS (diluted) | $0.03 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $118.8M | $215.3M | ||
| Q2 25 | $105.1M | $188.2M | ||
| Q1 25 | $104.2M | $197.2M | ||
| Q4 24 | $129.0M | $241.0M | ||
| Q3 24 | $118.6M | $225.5M | ||
| Q2 24 | $120.3M | $256.0M | ||
| Q1 24 | $120.0M | $263.4M |
| Q4 25 | $-3.2M | $90.3M | ||
| Q3 25 | $-11.7M | $91.1M | ||
| Q2 25 | $-17.3M | $139.5M | ||
| Q1 25 | $-19.1M | $-10.0M | ||
| Q4 24 | $-8.5M | $-5.6M | ||
| Q3 24 | $-39.2M | $-284.4M | ||
| Q2 24 | $27.0K | $-433.6M | ||
| Q1 24 | $-50.2M | $-49.2M |
| Q4 25 | 41.9% | 79.5% | ||
| Q3 25 | 42.8% | 83.7% | ||
| Q2 25 | 35.9% | 81.3% | ||
| Q1 25 | 39.4% | 81.4% | ||
| Q4 24 | 42.9% | 79.8% | ||
| Q3 24 | 29.7% | 82.1% | ||
| Q2 24 | 40.7% | 84.5% | ||
| Q1 24 | 34.8% | 85.3% |
| Q4 25 | -1.6% | 32.3% | ||
| Q3 25 | -10.2% | 30.4% | ||
| Q2 25 | -13.5% | 5.7% | ||
| Q1 25 | -13.9% | -31.2% | ||
| Q4 24 | -6.0% | -69.2% | ||
| Q3 24 | -39.5% | -36.4% | ||
| Q2 24 | -12.1% | -90.8% | ||
| Q1 24 | -19.3% | -6.1% |
| Q4 25 | -2.3% | 47.9% | ||
| Q3 25 | -9.9% | 42.3% | ||
| Q2 25 | -16.5% | 74.1% | ||
| Q1 25 | -18.4% | -5.1% | ||
| Q4 24 | -6.6% | -2.3% | ||
| Q3 24 | -33.1% | -126.1% | ||
| Q2 24 | 0.0% | -169.4% | ||
| Q1 24 | -41.8% | -18.7% |
| Q4 25 | $0.03 | $2.78 | ||
| Q3 25 | $0.11 | $2.91 | ||
| Q2 25 | $0.16 | $4.50 | ||
| Q1 25 | $0.18 | $-0.39 | ||
| Q4 24 | $0.08 | $-0.01 | ||
| Q3 24 | $0.36 | $-9.39 | ||
| Q2 24 | $0.00 | $-14.35 | ||
| Q1 24 | $0.47 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | $126.7M | $1.4B |
| Stockholders' EquityBook value | $-29.7M | $-171.5M |
| Total Assets | $296.3M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $226.6M | ||
| Q3 25 | $32.4M | $184.2M | ||
| Q2 25 | $34.2M | $267.4M | ||
| Q1 25 | $21.6M | $138.3M | ||
| Q4 24 | $29.0M | $146.9M | ||
| Q3 24 | $23.4M | $159.2M | ||
| Q2 24 | $23.4M | $236.9M | ||
| Q1 24 | $34.5M | $190.7M |
| Q4 25 | $126.7M | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | $70.7M | $1.5B | ||
| Q3 24 | $50.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-29.7M | $-171.5M | ||
| Q3 25 | $-26.9M | $-260.5M | ||
| Q2 25 | $-15.6M | $-351.7M | ||
| Q1 25 | $1.3M | $-496.8M | ||
| Q4 24 | $20.2M | $-488.2M | ||
| Q3 24 | $28.0M | $-497.6M | ||
| Q2 24 | $66.4M | $-218.3M | ||
| Q1 24 | $65.5M | $228.4M |
| Q4 25 | $296.3M | $1.7B | ||
| Q3 25 | $302.1M | $1.7B | ||
| Q2 25 | $303.8M | $1.5B | ||
| Q1 25 | $293.8M | $1.5B | ||
| Q4 24 | $307.8M | $1.8B | ||
| Q3 24 | $309.3M | $2.2B | ||
| Q2 24 | $362.1M | $3.2B | ||
| Q1 24 | $382.1M | $5.0B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-5.8M | $26.2M |
| Free Cash FlowOCF − Capex | $-7.8M | — |
| FCF MarginFCF / Revenue | -5.5% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $26.2M | ||
| Q3 25 | $-968.0K | $-60.6M | ||
| Q2 25 | $-4.0M | $-25.6M | ||
| Q1 25 | $-23.1M | $184.0K | ||
| Q4 24 | $6.8M | $-2.7M | ||
| Q3 24 | $1.1M | $19.5M | ||
| Q2 24 | $-8.9M | $111.5M | ||
| Q1 24 | $-16.8M | $135.4M |
| Q4 25 | $-7.8M | — | ||
| Q3 25 | $-1.8M | — | ||
| Q2 25 | $-7.0M | — | ||
| Q1 25 | $-25.3M | — | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $101.0K | — | ||
| Q2 24 | $-11.0M | — | ||
| Q1 24 | $-19.9M | — |
| Q4 25 | -5.5% | — | ||
| Q3 25 | -1.5% | — | ||
| Q2 25 | -6.6% | — | ||
| Q1 25 | -24.3% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | -9.2% | — | ||
| Q1 24 | -16.5% | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 2.5% | — |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
