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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and Sezzle Inc. (SEZL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $78.2M, roughly 1.8× Sezzle Inc.). Sezzle Inc. runs the higher net margin — 54.6% vs -2.3%, a 56.9% gap on every dollar of revenue. On growth, Sezzle Inc. posted the faster year-over-year revenue change (61.6% vs 9.1%). Sezzle Inc. produced more free cash flow last quarter ($70.6M vs $-7.8M). Over the past eight quarters, Sezzle Inc.'s revenue compounded faster (76.0% 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.”
Sezzle is a publicly traded financial technology company headquartered in Minneapolis, U.S, with operations in the United States and Canada. The company provides an alternative payment platform offering interest-free installment plans at selected online stores. As of June 2021, the Sezzle platform had over 10 million user sign-ups and over 48,000 participating merchants.
PRPL vs SEZL — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $78.2M |
| Net Profit | $-3.2M | $42.7M |
| Gross Margin | 41.9% | — |
| Operating Margin | -1.6% | 70.6% |
| Net Margin | -2.3% | 54.6% |
| Revenue YoY | 9.1% | 61.6% |
| Net Profit YoY | 62.1% | 68.3% |
| EPS (diluted) | $0.03 | $1.19 |
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 | $78.2M | ||
| Q3 25 | $118.8M | $57.5M | ||
| Q2 25 | $105.1M | $52.0M | ||
| Q1 25 | $104.2M | $48.2M | ||
| Q4 24 | $129.0M | $48.4M | ||
| Q3 24 | $118.6M | $35.6M | ||
| Q2 24 | $120.3M | $30.2M | ||
| Q1 24 | $120.0M | $25.2M |
| Q4 25 | $-3.2M | $42.7M | ||
| Q3 25 | $-11.7M | $26.7M | ||
| Q2 25 | $-17.3M | $27.6M | ||
| Q1 25 | $-19.1M | $36.2M | ||
| Q4 24 | $-8.5M | $25.4M | ||
| Q3 24 | $-39.2M | $15.4M | ||
| Q2 24 | $27.0K | $29.7M | ||
| Q1 24 | $-50.2M | $8.0M |
| 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% | 70.6% | ||
| Q3 25 | -10.2% | 61.9% | ||
| Q2 25 | -13.5% | 69.4% | ||
| Q1 25 | -13.9% | — | ||
| Q4 24 | -6.0% | 63.8% | ||
| Q3 24 | -39.5% | 58.6% | ||
| Q2 24 | -12.1% | 55.3% | ||
| Q1 24 | -19.3% | 54.8% |
| Q4 25 | -2.3% | 54.6% | ||
| Q3 25 | -9.9% | 46.4% | ||
| Q2 25 | -16.5% | 53.1% | ||
| Q1 25 | -18.4% | 75.1% | ||
| Q4 24 | -6.6% | 52.4% | ||
| Q3 24 | -33.1% | 43.4% | ||
| Q2 24 | 0.0% | 98.4% | ||
| Q1 24 | -41.8% | 31.7% |
| Q4 25 | $0.03 | $1.19 | ||
| Q3 25 | $0.11 | $0.75 | ||
| Q2 25 | $0.16 | $0.78 | ||
| Q1 25 | $0.18 | $1.00 | ||
| Q4 24 | $0.08 | $0.71 | ||
| Q3 24 | $0.36 | $0.44 | ||
| Q2 24 | $0.00 | $0.82 | ||
| Q1 24 | $0.47 | $0.22 |
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 | $64.1M |
| Total DebtLower is stronger | $126.7M | — |
| Stockholders' EquityBook value | $-29.7M | $169.8M |
| Total Assets | $296.3M | $400.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $64.1M | ||
| Q3 25 | $32.4M | $104.1M | ||
| Q2 25 | $34.2M | $88.9M | ||
| Q1 25 | $21.6M | $88.9M | ||
| Q4 24 | $29.0M | $73.2M | ||
| Q3 24 | $23.4M | $80.1M | ||
| Q2 24 | $23.4M | $58.0M | ||
| Q1 24 | $34.5M | $77.8M |
| Q4 25 | $126.7M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $70.7M | — | ||
| Q3 24 | $50.8M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-29.7M | $169.8M | ||
| Q3 25 | $-26.9M | $155.3M | ||
| Q2 25 | $-15.6M | $130.4M | ||
| Q1 25 | $1.3M | $125.8M | ||
| Q4 24 | $20.2M | $87.8M | ||
| Q3 24 | $28.0M | $61.1M | ||
| Q2 24 | $66.4M | $50.3M | ||
| Q1 24 | $65.5M | $29.6M |
| Q4 25 | $296.3M | $400.2M | ||
| Q3 25 | $302.1M | $367.0M | ||
| Q2 25 | $303.8M | $350.6M | ||
| Q1 25 | $293.8M | $298.1M | ||
| Q4 24 | $307.8M | $298.4M | ||
| Q3 24 | $309.3M | $252.9M | ||
| Q2 24 | $362.1M | $212.1M | ||
| Q1 24 | $382.1M | $195.7M |
| 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 | $70.6M |
| Free Cash FlowOCF − Capex | $-7.8M | $70.6M |
| FCF MarginFCF / Revenue | -5.5% | 90.2% |
| Capex IntensityCapex / Revenue | 1.4% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.65× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | $209.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $70.6M | ||
| Q3 25 | $-968.0K | $63.7M | ||
| Q2 25 | $-4.0M | $23.1M | ||
| Q1 25 | $-23.1M | $52.5M | ||
| Q4 24 | $6.8M | $57.4M | ||
| Q3 24 | $1.1M | $35.1M | ||
| Q2 24 | $-8.9M | $22.2M | ||
| Q1 24 | $-16.8M | $16.0M |
| Q4 25 | $-7.8M | $70.6M | ||
| Q3 25 | $-1.8M | $63.6M | ||
| Q2 25 | $-7.0M | $22.7M | ||
| Q1 25 | $-25.3M | $52.5M | ||
| Q4 24 | $5.7M | $57.4M | ||
| Q3 24 | $101.0K | $35.1M | ||
| Q2 24 | $-11.0M | $22.2M | ||
| Q1 24 | $-19.9M | $16.0M |
| Q4 25 | -5.5% | 90.2% | ||
| Q3 25 | -1.5% | 110.6% | ||
| Q2 25 | -6.6% | 43.6% | ||
| Q1 25 | -24.3% | 108.9% | ||
| Q4 24 | 4.4% | 118.5% | ||
| Q3 24 | 0.1% | 98.6% | ||
| Q2 24 | -9.2% | 73.4% | ||
| Q1 24 | -16.5% | 63.3% |
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 0.7% | 0.3% | ||
| Q2 25 | 2.8% | 0.8% | ||
| Q1 25 | 2.2% | 0.1% | ||
| Q4 24 | 0.8% | 0.1% | ||
| Q3 24 | 0.9% | 0.0% | ||
| Q2 24 | 1.7% | 0.1% | ||
| Q1 24 | 2.5% | 0.0% |
| Q4 25 | — | 1.65× | ||
| Q3 25 | — | 2.39× | ||
| Q2 25 | — | 0.84× | ||
| Q1 25 | — | 1.45× | ||
| Q4 24 | — | 2.26× | ||
| Q3 24 | — | 2.27× | ||
| Q2 24 | -330.22× | 0.75× | ||
| Q1 24 | — | 2.00× |
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% |
SEZL
| Merchant And Partner Income | $28.9M | 37% |
| Transaction Income | $25.9M | 33% |
| Income From Other Services Late Payment Fees | $20.5M | 26% |
| Other | $2.9M | 4% |
