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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $71.1M, roughly 2.0× RE/MAX Holdings, Inc.). RE/MAX Holdings, Inc. runs the higher net margin — 2.0% vs -2.3%, a 4.3% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -4.7%).
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.”
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
PRPL vs RMAX — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $71.1M |
| Net Profit | $-3.2M | $1.4M |
| Gross Margin | 41.9% | — |
| Operating Margin | -1.6% | 13.1% |
| Net Margin | -2.3% | 2.0% |
| Revenue YoY | 9.1% | -1.8% |
| Net Profit YoY | 62.1% | -75.2% |
| EPS (diluted) | $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 | $140.7M | $71.1M | ||
| Q3 25 | $118.8M | $73.2M | ||
| Q2 25 | $105.1M | $72.8M | ||
| Q1 25 | $104.2M | $74.5M | ||
| Q4 24 | $129.0M | $72.5M | ||
| Q3 24 | $118.6M | $78.5M | ||
| Q2 24 | $120.3M | $78.5M | ||
| Q1 24 | $120.0M | $78.3M |
| Q4 25 | $-3.2M | $1.4M | ||
| Q3 25 | $-11.7M | $4.0M | ||
| Q2 25 | $-17.3M | $4.7M | ||
| Q1 25 | $-19.1M | $-2.0M | ||
| Q4 24 | $-8.5M | $5.8M | ||
| Q3 24 | $-39.2M | $966.0K | ||
| Q2 24 | $27.0K | $3.7M | ||
| Q1 24 | $-50.2M | $-3.4M |
| 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% | 13.1% | ||
| Q3 25 | -10.2% | 25.0% | ||
| Q2 25 | -13.5% | 19.3% | ||
| Q1 25 | -13.9% | 7.2% | ||
| Q4 24 | -6.0% | 5.9% | ||
| Q3 24 | -39.5% | 19.4% | ||
| Q2 24 | -12.1% | 20.6% | ||
| Q1 24 | -19.3% | 5.8% |
| Q4 25 | -2.3% | 2.0% | ||
| Q3 25 | -9.9% | 5.4% | ||
| Q2 25 | -16.5% | 6.4% | ||
| Q1 25 | -18.4% | -2.6% | ||
| Q4 24 | -6.6% | 8.0% | ||
| Q3 24 | -33.1% | 1.2% | ||
| Q2 24 | 0.0% | 4.7% | ||
| Q1 24 | -41.8% | -4.3% |
| Q4 25 | $0.03 | — | ||
| Q3 25 | $0.11 | — | ||
| Q2 25 | $0.16 | — | ||
| Q1 25 | $0.18 | — | ||
| Q4 24 | $0.08 | — | ||
| Q3 24 | $0.36 | — | ||
| Q2 24 | $0.00 | — | ||
| Q1 24 | $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 | $24.3M | $118.7M |
| Total DebtLower is stronger | $126.7M | $432.2M |
| Stockholders' EquityBook value | $-29.7M | $452.4M |
| Total Assets | $296.3M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $118.7M | ||
| Q3 25 | $32.4M | $107.5M | ||
| Q2 25 | $34.2M | $94.3M | ||
| Q1 25 | $21.6M | $89.1M | ||
| Q4 24 | $29.0M | $96.6M | ||
| Q3 24 | $23.4M | $83.8M | ||
| Q2 24 | $23.4M | $66.1M | ||
| Q1 24 | $34.5M | $82.1M |
| Q4 25 | $126.7M | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | $70.7M | $436.2M | ||
| Q3 24 | $50.8M | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $-29.7M | $452.4M | ||
| Q3 25 | $-26.9M | $448.1M | ||
| Q2 25 | $-15.6M | $442.4M | ||
| Q1 25 | $1.3M | $433.5M | ||
| Q4 24 | $20.2M | $429.5M | ||
| Q3 24 | $28.0M | $423.1M | ||
| Q2 24 | $66.4M | $418.4M | ||
| Q1 24 | $65.5M | $412.0M |
| Q4 25 | $296.3M | $582.5M | ||
| Q3 25 | $302.1M | $582.2M | ||
| Q2 25 | $303.8M | $574.8M | ||
| Q1 25 | $293.8M | $571.4M | ||
| Q4 24 | $307.8M | $581.6M | ||
| Q3 24 | $309.3M | $578.6M | ||
| Q2 24 | $362.1M | $571.4M | ||
| Q1 24 | $382.1M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | 3.50× | 1.02× | ||
| Q3 24 | 1.82× | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $-7.8M | $33.5M |
| FCF MarginFCF / Revenue | -5.5% | 47.1% |
| Capex IntensityCapex / Revenue | 1.4% | 10.4% |
| Cash ConversionOCF / Net Profit | — | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $40.9M | ||
| Q3 25 | $-968.0K | $17.7M | ||
| Q2 25 | $-4.0M | $4.6M | ||
| Q1 25 | $-23.1M | $5.7M | ||
| Q4 24 | $6.8M | $59.7M | ||
| Q3 24 | $1.1M | $17.6M | ||
| Q2 24 | $-8.9M | $15.9M | ||
| Q1 24 | $-16.8M | $9.4M |
| Q4 25 | $-7.8M | $33.5M | ||
| Q3 25 | $-1.8M | $16.4M | ||
| Q2 25 | $-7.0M | $2.9M | ||
| Q1 25 | $-25.3M | $4.0M | ||
| Q4 24 | $5.7M | $53.0M | ||
| Q3 24 | $101.0K | $16.3M | ||
| Q2 24 | $-11.0M | $14.0M | ||
| Q1 24 | $-19.9M | $6.8M |
| Q4 25 | -5.5% | 47.1% | ||
| Q3 25 | -1.5% | 22.4% | ||
| Q2 25 | -6.6% | 4.0% | ||
| Q1 25 | -24.3% | 5.3% | ||
| Q4 24 | 4.4% | 73.2% | ||
| Q3 24 | 0.1% | 20.8% | ||
| Q2 24 | -9.2% | 17.8% | ||
| Q1 24 | -16.5% | 8.6% |
| Q4 25 | 1.4% | 10.4% | ||
| Q3 25 | 0.7% | 1.8% | ||
| Q2 25 | 2.8% | 2.2% | ||
| Q1 25 | 2.2% | 2.3% | ||
| Q4 24 | 0.8% | 9.1% | ||
| Q3 24 | 0.9% | 1.7% | ||
| Q2 24 | 1.7% | 2.4% | ||
| Q1 24 | 2.5% | 3.3% |
| Q4 25 | — | 28.39× | ||
| Q3 25 | — | 4.45× | ||
| Q2 25 | — | 0.97× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 10.28× | ||
| Q3 24 | — | 18.22× | ||
| Q2 24 | -330.22× | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
