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Side-by-side financial comparison of Purple Innovation, Inc. (PRPL) and XMax Inc. (XWIN). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $1.8M, roughly 79.5× XMax Inc.). On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs -11.8%). Over the past eight quarters, Purple Innovation, Inc.'s revenue compounded faster (8.3% CAGR vs -13.7%).
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.”
XMax Inc. is a global tech firm focused on Web3 gaming infrastructure and interactive entertainment solutions. It builds custom game development toolkits, decentralized asset systems and cross-platform gaming products for developers and consumers in North America, APAC and Europe.
PRPL vs XWIN — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $140.7M | $1.8M |
| Net Profit | $-3.2M | — |
| Gross Margin | 41.9% | 40.3% |
| Operating Margin | -1.6% | -59.3% |
| Net Margin | -2.3% | — |
| Revenue YoY | 9.1% | -11.8% |
| Net Profit YoY | 62.1% | — |
| EPS (diluted) | $0.03 | $-0.06 |
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 | $1.8M | ||
| Q3 25 | $118.8M | $9.8M | ||
| Q2 25 | $105.1M | $2.6M | ||
| Q1 25 | $104.2M | $2.6M | ||
| Q4 24 | $129.0M | $2.0M | ||
| Q3 24 | $118.6M | $2.6M | ||
| Q2 24 | $120.3M | $2.7M | ||
| Q1 24 | $120.0M | $2.4M |
| Q4 25 | $-3.2M | — | ||
| Q3 25 | $-11.7M | $-1.1M | ||
| Q2 25 | $-17.3M | $-289.9K | ||
| Q1 25 | $-19.1M | $-338.9K | ||
| Q4 24 | $-8.5M | — | ||
| Q3 24 | $-39.2M | $-2.5M | ||
| Q2 24 | $27.0K | $-563.5K | ||
| Q1 24 | $-50.2M | $-1.5M |
| Q4 25 | 41.9% | 40.3% | ||
| Q3 25 | 42.8% | 10.1% | ||
| Q2 25 | 35.9% | 50.2% | ||
| Q1 25 | 39.4% | 45.7% | ||
| Q4 24 | 42.9% | 42.8% | ||
| Q3 24 | 29.7% | 45.1% | ||
| Q2 24 | 40.7% | 44.4% | ||
| Q1 24 | 34.8% | 42.8% |
| Q4 25 | -1.6% | -59.3% | ||
| Q3 25 | -10.2% | -5.0% | ||
| Q2 25 | -13.5% | -7.7% | ||
| Q1 25 | -13.9% | -7.3% | ||
| Q4 24 | -6.0% | -48.4% | ||
| Q3 24 | -39.5% | -92.0% | ||
| Q2 24 | -12.1% | -18.5% | ||
| Q1 24 | -19.3% | -62.6% |
| Q4 25 | -2.3% | — | ||
| Q3 25 | -9.9% | -11.5% | ||
| Q2 25 | -16.5% | -11.3% | ||
| Q1 25 | -18.4% | -12.9% | ||
| Q4 24 | -6.6% | — | ||
| Q3 24 | -33.1% | -94.3% | ||
| Q2 24 | 0.0% | -21.0% | ||
| Q1 24 | -41.8% | -61.6% |
| Q4 25 | $0.03 | $-0.06 | ||
| Q3 25 | $0.11 | $-0.06 | ||
| Q2 25 | $0.16 | $-0.02 | ||
| Q1 25 | $0.18 | $-0.03 | ||
| Q4 24 | $0.08 | $0.11 | ||
| Q3 24 | $0.36 | $-0.72 | ||
| Q2 24 | $0.00 | $-0.22 | ||
| Q1 24 | $0.47 | $-0.65 |
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 | $6.7M |
| Total DebtLower is stronger | $126.7M | — |
| Stockholders' EquityBook value | $-29.7M | $28.0M |
| Total Assets | $296.3M | $35.5M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $24.3M | $6.7M | ||
| Q3 25 | $32.4M | $1.7M | ||
| Q2 25 | $34.2M | $468.8K | ||
| Q1 25 | $21.6M | $147.3K | ||
| Q4 24 | $29.0M | $161.9K | ||
| Q3 24 | $23.4M | $162.3K | ||
| Q2 24 | $23.4M | $363.4K | ||
| Q1 24 | $34.5M | $273.1K |
| 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 | $28.0M | ||
| Q3 25 | $-26.9M | $13.6M | ||
| Q2 25 | $-15.6M | $6.5M | ||
| Q1 25 | $1.3M | $6.8M | ||
| Q4 24 | $20.2M | $3.1M | ||
| Q3 24 | $28.0M | $-895.9K | ||
| Q2 24 | $66.4M | $48.2K | ||
| Q1 24 | $65.5M | $-42.7K |
| Q4 25 | $296.3M | $35.5M | ||
| Q3 25 | $302.1M | $18.3M | ||
| Q2 25 | $303.8M | $11.6M | ||
| Q1 25 | $293.8M | $11.9M | ||
| Q4 24 | $307.8M | $9.9M | ||
| Q3 24 | $309.3M | $5.1M | ||
| Q2 24 | $362.1M | $5.8M | ||
| Q1 24 | $382.1M | $6.2M |
| 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 | $1.7M |
| Free Cash FlowOCF − Capex | $-7.8M | — |
| FCF MarginFCF / Revenue | -5.5% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-41.9M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-5.8M | $1.7M | ||
| Q3 25 | $-968.0K | $-1.9M | ||
| Q2 25 | $-4.0M | $92.5K | ||
| Q1 25 | $-23.1M | $-322.6K | ||
| Q4 24 | $6.8M | $-263.4K | ||
| Q3 24 | $1.1M | $-437.9K | ||
| Q2 24 | $-8.9M | $-468.7K | ||
| Q1 24 | $-16.8M | $-221.7K |
| Q4 25 | $-7.8M | — | ||
| Q3 25 | $-1.8M | — | ||
| Q2 25 | $-7.0M | — | ||
| Q1 25 | $-25.3M | — | ||
| Q4 24 | $5.7M | — | ||
| Q3 24 | $101.0K | — | ||
| Q2 24 | $-11.0M | — | ||
| Q1 24 | $-19.9M | — |
| Q4 25 | -5.5% | — | ||
| Q3 25 | -1.5% | — | ||
| Q2 25 | -6.6% | — | ||
| Q1 25 | -24.3% | — | ||
| Q4 24 | 4.4% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | -9.2% | — | ||
| Q1 24 | -16.5% | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.7% | — | ||
| Q2 25 | 2.8% | — | ||
| Q1 25 | 2.2% | — | ||
| Q4 24 | 0.8% | — | ||
| Q3 24 | 0.9% | — | ||
| Q2 24 | 1.7% | — | ||
| Q1 24 | 2.5% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -330.22× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
