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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $103.6M, roughly 1.4× TACTILE SYSTEMS TECHNOLOGY INC). TACTILE SYSTEMS TECHNOLOGY INC runs the higher net margin — 10.3% vs -2.3%, a 12.5% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs 9.1%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $-7.8M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% 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.”
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
PRPL vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $103.6M |
| Net Profit | $-3.2M | $10.6M |
| Gross Margin | 41.9% | 78.2% |
| Operating Margin | -1.6% | 18.1% |
| Net Margin | -2.3% | 10.3% |
| Revenue YoY | 9.1% | 21.0% |
| Net Profit YoY | 62.1% | 9.4% |
| EPS (diluted) | $0.03 | $0.45 |
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 | $103.6M | ||
| Q3 25 | $118.8M | $85.8M | ||
| Q2 25 | $105.1M | $78.9M | ||
| Q1 25 | $104.2M | $61.3M | ||
| Q4 24 | $129.0M | $85.6M | ||
| Q3 24 | $118.6M | $73.1M | ||
| Q2 24 | $120.3M | $73.2M | ||
| Q1 24 | $120.0M | $61.1M |
| Q4 25 | $-3.2M | $10.6M | ||
| Q3 25 | $-11.7M | $8.2M | ||
| Q2 25 | $-17.3M | $3.2M | ||
| Q1 25 | $-19.1M | $-3.0M | ||
| Q4 24 | $-8.5M | $9.7M | ||
| Q3 24 | $-39.2M | $5.2M | ||
| Q2 24 | $27.0K | $4.3M | ||
| Q1 24 | $-50.2M | $-2.2M |
| Q4 25 | 41.9% | 78.2% | ||
| Q3 25 | 42.8% | 75.8% | ||
| Q2 25 | 35.9% | 74.5% | ||
| Q1 25 | 39.4% | 74.0% | ||
| Q4 24 | 42.9% | 75.2% | ||
| Q3 24 | 29.7% | 75.0% | ||
| Q2 24 | 40.7% | 73.9% | ||
| Q1 24 | 34.8% | 71.1% |
| Q4 25 | -1.6% | 18.1% | ||
| Q3 25 | -10.2% | 12.8% | ||
| Q2 25 | -13.5% | 5.2% | ||
| Q1 25 | -13.9% | -7.4% | ||
| Q4 24 | -6.0% | 14.6% | ||
| Q3 24 | -39.5% | 9.3% | ||
| Q2 24 | -12.1% | 8.0% | ||
| Q1 24 | -19.3% | -4.9% |
| Q4 25 | -2.3% | 10.3% | ||
| Q3 25 | -9.9% | 9.6% | ||
| Q2 25 | -16.5% | 4.1% | ||
| Q1 25 | -18.4% | -4.9% | ||
| Q4 24 | -6.6% | 11.4% | ||
| Q3 24 | -33.1% | 7.1% | ||
| Q2 24 | 0.0% | 5.9% | ||
| Q1 24 | -41.8% | -3.6% |
| Q4 25 | $0.03 | $0.45 | ||
| Q3 25 | $0.11 | $0.36 | ||
| Q2 25 | $0.16 | $0.14 | ||
| Q1 25 | $0.18 | $-0.13 | ||
| Q4 24 | $0.08 | $0.40 | ||
| Q3 24 | $0.36 | $0.21 | ||
| Q2 24 | $0.00 | $0.18 | ||
| Q1 24 | $0.47 | $-0.09 |
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 | $83.4M |
| Total DebtLower is stronger | $126.7M | $0 |
| Stockholders' EquityBook value | $-29.7M | $218.9M |
| Total Assets | $296.3M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $83.4M | ||
| Q3 25 | $32.4M | $66.0M | ||
| Q2 25 | $34.2M | $81.5M | ||
| Q1 25 | $21.6M | $83.6M | ||
| Q4 24 | $29.0M | $94.4M | ||
| Q3 24 | $23.4M | $82.1M | ||
| Q2 24 | $23.4M | $73.6M | ||
| Q1 24 | $34.5M | $60.7M |
| Q4 25 | $126.7M | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $70.7M | — | ||
| Q3 24 | $50.8M | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $-29.7M | $218.9M | ||
| Q3 25 | $-26.9M | $204.9M | ||
| Q2 25 | $-15.6M | $194.9M | ||
| Q1 25 | $1.3M | $205.6M | ||
| Q4 24 | $20.2M | $216.6M | ||
| Q3 24 | $28.0M | $207.9M | ||
| Q2 24 | $66.4M | $200.7M | ||
| Q1 24 | $65.5M | $193.5M |
| Q4 25 | $296.3M | $273.9M | ||
| Q3 25 | $302.1M | $259.2M | ||
| Q2 25 | $303.8M | $273.0M | ||
| Q1 25 | $293.8M | $280.2M | ||
| Q4 24 | $307.8M | $297.9M | ||
| Q3 24 | $309.3M | $287.7M | ||
| Q2 24 | $362.1M | $278.8M | ||
| Q1 24 | $382.1M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.50× | — | ||
| Q3 24 | 1.82× | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
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 | $17.3M |
| Free Cash FlowOCF − Capex | $-7.8M | $16.8M |
| FCF MarginFCF / Revenue | -5.5% | 16.2% |
| Capex IntensityCapex / Revenue | 1.4% | 0.5% |
| Cash ConversionOCF / Net Profit | — | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $17.3M | ||
| Q3 25 | $-968.0K | $10.3M | ||
| Q2 25 | $-4.0M | $14.8M | ||
| Q1 25 | $-23.1M | $417.0K | ||
| Q4 24 | $6.8M | $16.3M | ||
| Q3 24 | $1.1M | $10.3M | ||
| Q2 24 | $-8.9M | $13.1M | ||
| Q1 24 | $-16.8M | $924.0K |
| Q4 25 | $-7.8M | $16.8M | ||
| Q3 25 | $-1.8M | $9.2M | ||
| Q2 25 | $-7.0M | $14.4M | ||
| Q1 25 | $-25.3M | $38.0K | ||
| Q4 24 | $5.7M | $15.9M | ||
| Q3 24 | $101.0K | $9.3M | ||
| Q2 24 | $-11.0M | $12.6M | ||
| Q1 24 | $-19.9M | $442.0K |
| Q4 25 | -5.5% | 16.2% | ||
| Q3 25 | -1.5% | 10.8% | ||
| Q2 25 | -6.6% | 18.2% | ||
| Q1 25 | -24.3% | 0.1% | ||
| Q4 24 | 4.4% | 18.5% | ||
| Q3 24 | 0.1% | 12.7% | ||
| Q2 24 | -9.2% | 17.3% | ||
| Q1 24 | -16.5% | 0.7% |
| Q4 25 | 1.4% | 0.5% | ||
| Q3 25 | 0.7% | 1.3% | ||
| Q2 25 | 2.8% | 0.5% | ||
| Q1 25 | 2.2% | 0.6% | ||
| Q4 24 | 0.8% | 0.5% | ||
| Q3 24 | 0.9% | 1.3% | ||
| Q2 24 | 1.7% | 0.7% | ||
| Q1 24 | 2.5% | 0.8% |
| Q4 25 | — | 1.63× | ||
| Q3 25 | — | 1.26× | ||
| Q2 25 | — | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.68× | ||
| Q3 24 | — | 1.99× | ||
| Q2 24 | -330.22× | 3.06× | ||
| 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% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
