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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $91.6M, roughly 1.5× SHENANDOAH TELECOMMUNICATIONS CO). Purple Innovation, Inc. runs the higher net margin — -2.3% vs -5.9%, a 3.6% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 7.2%). Purple Innovation, Inc. produced more free cash flow last quarter ($-7.8M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% 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.”
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
PRPL vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $91.6M |
| Net Profit | $-3.2M | $-5.4M |
| Gross Margin | 41.9% | — |
| Operating Margin | -1.6% | -1.0% |
| Net Margin | -2.3% | -5.9% |
| Revenue YoY | 9.1% | 7.2% |
| Net Profit YoY | 62.1% | -95.8% |
| EPS (diluted) | $0.03 | $-0.13 |
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 | $91.6M | ||
| Q3 25 | $118.8M | $89.8M | ||
| Q2 25 | $105.1M | $88.6M | ||
| Q1 25 | $104.2M | $87.9M | ||
| Q4 24 | $129.0M | $85.4M | ||
| Q3 24 | $118.6M | $87.6M | ||
| Q2 24 | $120.3M | $85.8M | ||
| Q1 24 | $120.0M | $69.2M |
| Q4 25 | $-3.2M | $-5.4M | ||
| Q3 25 | $-11.7M | $-9.4M | ||
| Q2 25 | $-17.3M | $-9.0M | ||
| Q1 25 | $-19.1M | $-9.1M | ||
| Q4 24 | $-8.5M | $-2.7M | ||
| Q3 24 | $-39.2M | $-5.3M | ||
| Q2 24 | $27.0K | $-12.9M | ||
| Q1 24 | $-50.2M | $214.7M |
| 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% | -1.0% | ||
| Q3 25 | -10.2% | -8.0% | ||
| Q2 25 | -13.5% | -10.3% | ||
| Q1 25 | -13.9% | -6.9% | ||
| Q4 24 | -6.0% | -6.7% | ||
| Q3 24 | -39.5% | -4.8% | ||
| Q2 24 | -12.1% | -18.5% | ||
| Q1 24 | -19.3% | -4.0% |
| Q4 25 | -2.3% | -5.9% | ||
| Q3 25 | -9.9% | -10.5% | ||
| Q2 25 | -16.5% | -10.2% | ||
| Q1 25 | -18.4% | -10.4% | ||
| Q4 24 | -6.6% | -3.2% | ||
| Q3 24 | -33.1% | -6.0% | ||
| Q2 24 | 0.0% | -15.0% | ||
| Q1 24 | -41.8% | 310.0% |
| Q4 25 | $0.03 | $-0.13 | ||
| Q3 25 | $0.11 | $-0.20 | ||
| Q2 25 | $0.16 | $-0.19 | ||
| Q1 25 | $0.18 | $-0.19 | ||
| Q4 24 | $0.08 | $-0.34 | ||
| Q3 24 | $0.36 | $-0.13 | ||
| Q2 24 | $0.00 | $-0.24 | ||
| Q1 24 | $0.47 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | $126.7M | $642.4M |
| Stockholders' EquityBook value | $-29.7M | $880.8M |
| Total Assets | $296.3M | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $27.3M | ||
| Q3 25 | $32.4M | $22.6M | ||
| Q2 25 | $34.2M | $29.1M | ||
| Q1 25 | $21.6M | $87.5M | ||
| Q4 24 | $29.0M | $46.3M | ||
| Q3 24 | $23.4M | $43.1M | ||
| Q2 24 | $23.4M | $43.8M | ||
| Q1 24 | $34.5M | $389.7M |
| Q4 25 | $126.7M | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | $70.7M | $418.0M | ||
| Q3 24 | $50.8M | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $-29.7M | $880.8M | ||
| Q3 25 | $-26.9M | $892.7M | ||
| Q2 25 | $-15.6M | $902.0M | ||
| Q1 25 | $1.3M | $910.5M | ||
| Q4 24 | $20.2M | $918.6M | ||
| Q3 24 | $28.0M | $925.4M | ||
| Q2 24 | $66.4M | $933.1M | ||
| Q1 24 | $65.5M | $871.6M |
| Q4 25 | $296.3M | $1.9B | ||
| Q3 25 | $302.1M | $1.9B | ||
| Q2 25 | $303.8M | $1.8B | ||
| Q1 25 | $293.8M | $1.8B | ||
| Q4 24 | $307.8M | $1.7B | ||
| Q3 24 | $309.3M | $1.7B | ||
| Q2 24 | $362.1M | $1.7B | ||
| Q1 24 | $382.1M | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | 3.50× | 0.46× | ||
| Q3 24 | 1.82× | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $28.8M |
| Free Cash FlowOCF − Capex | $-7.8M | $-78.6M |
| FCF MarginFCF / Revenue | -5.5% | -85.8% |
| Capex IntensityCapex / Revenue | 1.4% | 117.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $28.8M | ||
| Q3 25 | $-968.0K | $30.7M | ||
| Q2 25 | $-4.0M | $20.9M | ||
| Q1 25 | $-23.1M | $20.5M | ||
| Q4 24 | $6.8M | $20.6M | ||
| Q3 24 | $1.1M | $24.3M | ||
| Q2 24 | $-8.9M | $2.5M | ||
| Q1 24 | $-16.8M | $15.2M |
| Q4 25 | $-7.8M | $-78.6M | ||
| Q3 25 | $-1.8M | $-51.4M | ||
| Q2 25 | $-7.0M | $-65.3M | ||
| Q1 25 | $-25.3M | $-62.7M | ||
| Q4 24 | $5.7M | $-72.0M | ||
| Q3 24 | $101.0K | $-51.3M | ||
| Q2 24 | $-11.0M | $-78.3M | ||
| Q1 24 | $-19.9M | $-54.9M |
| Q4 25 | -5.5% | -85.8% | ||
| Q3 25 | -1.5% | -57.2% | ||
| Q2 25 | -6.6% | -73.7% | ||
| Q1 25 | -24.3% | -71.3% | ||
| Q4 24 | 4.4% | -84.3% | ||
| Q3 24 | 0.1% | -58.5% | ||
| Q2 24 | -9.2% | -91.3% | ||
| Q1 24 | -16.5% | -79.3% |
| Q4 25 | 1.4% | 117.2% | ||
| Q3 25 | 0.7% | 91.4% | ||
| Q2 25 | 2.8% | 97.3% | ||
| Q1 25 | 2.2% | 94.7% | ||
| Q4 24 | 0.8% | 108.4% | ||
| Q3 24 | 0.9% | 86.2% | ||
| Q2 24 | 1.7% | 94.2% | ||
| Q1 24 | 2.5% | 101.2% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -330.22× | — | ||
| Q1 24 | — | 0.07× |
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% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
