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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and WAFD INC (WAFD). Click either name above to swap in a different company.

WAFD INC is the larger business by last-quarter revenue ($191.4M vs $140.7M, roughly 1.4× Purple Innovation, Inc.). WAFD INC runs the higher net margin — 33.5% vs -2.3%, a 35.8% gap on every dollar of revenue. On growth, WAFD INC posted the faster year-over-year revenue change (11.8% vs 9.1%). WAFD INC produced more free cash flow last quarter ($50.0M vs $-7.8M). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs 5.5%).

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.”

Washington Federal Bank is a bank based in Seattle, Washington. It operates 210 branches in Washington, Oregon, Idaho, Nevada, Utah, Arizona, New Mexico, California, and Texas. It is on the list of largest banks in the United States.

PRPL vs WAFD — Head-to-Head

Bigger by revenue
WAFD
WAFD
1.4× larger
WAFD
$191.4M
$140.7M
PRPL
Growing faster (revenue YoY)
WAFD
WAFD
+2.7% gap
WAFD
11.8%
9.1%
PRPL
Higher net margin
WAFD
WAFD
35.8% more per $
WAFD
33.5%
-2.3%
PRPL
More free cash flow
WAFD
WAFD
$57.8M more FCF
WAFD
$50.0M
$-7.8M
PRPL
Faster 2-yr revenue CAGR
PRPL
PRPL
Annualised
PRPL
8.3%
5.5%
WAFD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
PRPL
PRPL
WAFD
WAFD
Revenue
$140.7M
$191.4M
Net Profit
$-3.2M
$64.2M
Gross Margin
41.9%
Operating Margin
-1.6%
43.0%
Net Margin
-2.3%
33.5%
Revenue YoY
9.1%
11.8%
Net Profit YoY
62.1%
35.8%
EPS (diluted)
$0.03
$0.79

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.

Revenue
PRPL
PRPL
WAFD
WAFD
Q4 25
$140.7M
$191.4M
Q3 25
$118.8M
$188.3M
Q2 25
$105.1M
$186.3M
Q1 25
$104.2M
$179.8M
Q4 24
$129.0M
$171.1M
Q3 24
$118.6M
$188.7M
Q2 24
$120.3M
$194.4M
Q1 24
$120.0M
$172.0M
Net Profit
PRPL
PRPL
WAFD
WAFD
Q4 25
$-3.2M
$64.2M
Q3 25
$-11.7M
$60.6M
Q2 25
$-17.3M
$62.0M
Q1 25
$-19.1M
$56.3M
Q4 24
$-8.5M
$47.3M
Q3 24
$-39.2M
$61.1M
Q2 24
$27.0K
$64.6M
Q1 24
$-50.2M
$15.9M
Gross Margin
PRPL
PRPL
WAFD
WAFD
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%
Operating Margin
PRPL
PRPL
WAFD
WAFD
Q4 25
-1.6%
43.0%
Q3 25
-10.2%
41.2%
Q2 25
-13.5%
42.8%
Q1 25
-13.9%
40.1%
Q4 24
-6.0%
35.2%
Q3 24
-39.5%
42.8%
Q2 24
-12.1%
42.6%
Q1 24
-19.3%
12.2%
Net Margin
PRPL
PRPL
WAFD
WAFD
Q4 25
-2.3%
33.5%
Q3 25
-9.9%
32.2%
Q2 25
-16.5%
33.3%
Q1 25
-18.4%
31.3%
Q4 24
-6.6%
27.6%
Q3 24
-33.1%
32.4%
Q2 24
0.0%
33.2%
Q1 24
-41.8%
9.2%
EPS (diluted)
PRPL
PRPL
WAFD
WAFD
Q4 25
$0.03
$0.79
Q3 25
$0.11
$0.71
Q2 25
$0.16
$0.73
Q1 25
$0.18
$0.65
Q4 24
$0.08
$0.54
Q3 24
$0.36
$0.73
Q2 24
$0.00
$0.75
Q1 24
$0.47
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PRPL
PRPL
WAFD
WAFD
Cash + ST InvestmentsLiquidity on hand
$24.3M
$734.9M
Total DebtLower is stronger
$126.7M
Stockholders' EquityBook value
$-29.7M
$3.0B
Total Assets
$296.3M
$27.3B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PRPL
PRPL
WAFD
WAFD
Q4 25
$24.3M
$734.9M
Q3 25
$32.4M
$657.3M
Q2 25
$34.2M
$809.3M
Q1 25
$21.6M
$1.2B
Q4 24
$29.0M
$1.5B
Q3 24
$23.4M
$2.4B
Q2 24
$23.4M
$2.5B
Q1 24
$34.5M
$1.5B
Total Debt
PRPL
PRPL
WAFD
WAFD
Q4 25
$126.7M
Q3 25
Q2 25
Q1 25
Q4 24
$70.7M
Q3 24
$50.8M
Q2 24
Q1 24
Stockholders' Equity
PRPL
PRPL
WAFD
WAFD
Q4 25
$-29.7M
$3.0B
Q3 25
$-26.9M
$3.0B
Q2 25
$-15.6M
$3.0B
Q1 25
$1.3M
$3.0B
Q4 24
$20.2M
$3.0B
Q3 24
$28.0M
$3.0B
Q2 24
$66.4M
$3.0B
Q1 24
$65.5M
$2.9B
Total Assets
PRPL
PRPL
WAFD
WAFD
Q4 25
$296.3M
$27.3B
Q3 25
$302.1M
$26.7B
Q2 25
$303.8M
$26.7B
Q1 25
$293.8M
$27.6B
Q4 24
$307.8M
$27.7B
Q3 24
$309.3M
$28.1B
Q2 24
$362.1M
$28.6B
Q1 24
$382.1M
$30.1B
Debt / Equity
PRPL
PRPL
WAFD
WAFD
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
PRPL
PRPL
WAFD
WAFD
Operating Cash FlowLast quarter
$-5.8M
$60.5M
Free Cash FlowOCF − Capex
$-7.8M
$50.0M
FCF MarginFCF / Revenue
-5.5%
26.1%
Capex IntensityCapex / Revenue
1.4%
5.5%
Cash ConversionOCF / Net Profit
0.94×
TTM Free Cash FlowTrailing 4 quarters
$-41.9M
$377.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PRPL
PRPL
WAFD
WAFD
Q4 25
$-5.8M
$60.5M
Q3 25
$-968.0K
$237.0M
Q2 25
$-4.0M
$58.0M
Q1 25
$-23.1M
$72.1M
Q4 24
$6.8M
$49.4M
Q3 24
$1.1M
$439.2M
Q2 24
$-8.9M
$63.1M
Q1 24
$-16.8M
$169.2M
Free Cash Flow
PRPL
PRPL
WAFD
WAFD
Q4 25
$-7.8M
$50.0M
Q3 25
$-1.8M
$208.2M
Q2 25
$-7.0M
$53.1M
Q1 25
$-25.3M
$66.6M
Q4 24
$5.7M
$43.0M
Q3 24
$101.0K
$414.6M
Q2 24
$-11.0M
$58.3M
Q1 24
$-19.9M
$164.8M
FCF Margin
PRPL
PRPL
WAFD
WAFD
Q4 25
-5.5%
26.1%
Q3 25
-1.5%
110.6%
Q2 25
-6.6%
28.5%
Q1 25
-24.3%
37.0%
Q4 24
4.4%
25.1%
Q3 24
0.1%
219.7%
Q2 24
-9.2%
30.0%
Q1 24
-16.5%
95.8%
Capex Intensity
PRPL
PRPL
WAFD
WAFD
Q4 25
1.4%
5.5%
Q3 25
0.7%
15.2%
Q2 25
2.8%
2.6%
Q1 25
2.2%
3.1%
Q4 24
0.8%
3.8%
Q3 24
0.9%
13.1%
Q2 24
1.7%
2.5%
Q1 24
2.5%
2.6%
Cash Conversion
PRPL
PRPL
WAFD
WAFD
Q4 25
0.94×
Q3 25
3.91×
Q2 25
0.94×
Q1 25
1.28×
Q4 24
1.05×
Q3 24
7.18×
Q2 24
-330.22×
0.98×
Q1 24
10.65×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PRPL
PRPL

Cost Of Revenues$81.7M58%
Other$59.0M42%

WAFD
WAFD

Segment breakdown not available.

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