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Purple Innovation, Inc. (PRPL) Fundamental Analysis & AI Grade 2026

PRPL Nasdaq Household Furniture DE CIK: 0001643953
Updated This Month • Analysis: May 6, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
92% Confidence
N/A
D
92% Conf
Pending
Analysis scheduled

📊 PRPL Key Takeaways

Revenue: $95.7M
Net Margin: -31.9%
Free Cash Flow: $1.4M
Current Ratio: 1.24x
Debt/Equity: N/A
EPS: $-0.28
AI Grade: D with 92% confidence
Purple Innovation, Inc. (PRPL) receives a D fundamental grade with 92% confidence from our AI analysis based on SEC 10-K filings. With revenue of $95.7M, net profit margin of -31.9%, Purple Innovation, Inc. demonstrates mixed fundamentals in the Market sector. Below is our complete PRPL stock analysis for 2026.

Is Purple Innovation, Inc. (PRPL) a Good Investment?

Claude

Purple Innovation exhibits severe financial distress with negative stockholders' equity of -$60.1M (liabilities exceed assets), operating losses of -$16.8M, and inability to cover interest expenses from operations. Declining revenue and minimal free cash flow provide insufficient cushion against the company's substantial $126.7M debt burden.

Purple Innovation, Inc. Key Strengths (PRPL)

Claude
  • + Gross margin of 36.8% demonstrates product pricing power in furniture category
  • + Positive operating cash flow of $3.0M and free cash flow of $1.4M show some operational viability
  • + Cash position of $25.0M provides near-term liquidity buffer

PRPL Stock Risks: Purple Innovation, Inc. Investment Risks

Claude
  • ! Negative stockholders' equity of -$60.1M indicates technical balance sheet insolvency with liabilities exceeding assets
  • ! Operating losses of -$16.8M and net margin of -31.9% demonstrate unprofitable operations burning cash
  • ! Negative interest coverage ratio of -3.8x means company cannot service debt from operating income
  • ! Revenue decline of 3.9% YoY signals weakening demand and market competitiveness
  • ! Quick ratio of 0.62x raises covenant and short-term liquidity concerns
  • ! Long-term debt of $126.7M is unsustainable relative to asset base and cash generation

Key Metrics to Watch

Claude
  • * Path to positive stockholders' equity and balance sheet solvency
  • * Operating income recovery from negative position to breakeven and profitability
  • * Revenue stabilization and return to growth trajectory
  • * Debt reduction and interest coverage ratio improvement
  • * Operating cash flow sustainability given continued loss operations
  • * Quick ratio improvement to support liquidity adequacy

Purple Innovation, Inc. (PRPL) Financial Metrics & Key Ratios

Revenue
$95.7M
Net Income
$-30.5M
EPS (Diluted)
$-0.28
Free Cash Flow
$1.4M
Total Assets
$272.0M
Cash Position
$25.0M

💡 AI Analyst Insight

The relatively thin 1.4% FCF margin may limit capital allocation flexibility.

PRPL Profit Margin, ROE & Profitability Analysis

Gross Margin 36.8%
Operating Margin -17.6%
Net Margin -31.9%
ROE N/A
ROA -11.2%
FCF Margin 1.4%

PRPL vs Market Sector: How Purple Innovation, Inc. Compares

How Purple Innovation, Inc. compares to Market sector averages

Net Margin
PRPL -31.9%
vs
Sector Avg 12.0%
PRPL Sector
ROE
PRPL 0.0%
vs
Sector Avg 15.0%
PRPL Sector
Current Ratio
PRPL 1.2x
vs
Sector Avg 1.8x
PRPL Sector
Debt/Equity
PRPL 0.0x
vs
Sector Avg 0.7x
PRPL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Purple Innovation, Inc. Stock Overvalued? PRPL Valuation Analysis 2026

Based on fundamental analysis, Purple Innovation, Inc. has mixed fundamental signals relative to the Market sector in 2026.

Return on Equity
N/A
Sector avg: 15%
Net Profit Margin
-31.9%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Purple Innovation, Inc. Balance Sheet: PRPL Debt, Cash & Liquidity

Current Ratio
1.24x
Quick Ratio
0.62x
Debt/Equity
N/A
Debt/Assets
122.1%
Interest Coverage
-3.76x
Long-term Debt
$126.7M

PRPL Revenue & Earnings Growth: 5-Year Financial Trend

PRPL 5-year financial data: Year 2021: Revenue $726.2M, Net Income -$22.6M, EPS $-2.26. Year 2022: Revenue $726.2M, Net Income -$236.9M, EPS $-6.04. Year 2023: Revenue $725.0M, Net Income $3.1M, EPS $-0.31. Year 2024: Revenue $573.2M, Net Income -$92.5M, EPS $-1.13. Year 2025: Revenue $510.5M, Net Income -$120.8M, EPS $1.17.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Purple Innovation, Inc.'s revenue has declined by 30% over the 5-year period, indicating business contraction. The most recent EPS of $1.17 reflects profitable operations.

PRPL Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
1.4%
Free cash flow / Revenue

PRPL Quarterly Earnings & Performance

Quarterly financial performance data for Purple Innovation, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $4.9M -$19.1M $-0.18

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Purple Innovation, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$3.0M
Cash generated from operations
Stock Buybacks
$97.0K
Shares repurchased (TTM)
Capital Expenditures
$1.6M
Investment in assets
Dividends Paid
$100.0K
Returned to shareholders

PRPL SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Purple Innovation, Inc. (CIK: 0001643953)

📋 Recent SEC Filings

Date Form Document Action
May 11, 2026 8-K ea0290110-8k_purple.htm View →
May 6, 2026 4 xslF345X06/ownership.xml View →
Apr 28, 2026 10-Q ea0286231-10q_purple.htm View →
Apr 28, 2026 8-K ea0287736-8k_purple.htm View →
Apr 22, 2026 DEF 14A ea0285773-01.htm View →

Frequently Asked Questions about PRPL

What is the AI rating for PRPL?

Purple Innovation, Inc. (PRPL) has an AI grade of D with 92% confidence, based on fundamental analysis of SEC EDGAR filings.

What are PRPL's key strengths?

Claude: Gross margin of 36.8% demonstrates product pricing power in furniture category. Positive operating cash flow of $3.0M and free cash flow of $1.4M show some operational viability.

What are the risks of investing in PRPL?

Claude: Negative stockholders' equity of -$60.1M indicates technical balance sheet insolvency with liabilities exceeding assets. Operating losses of -$16.8M and net margin of -31.9% demonstrate unprofitable operations burning cash.

What is PRPL's revenue and growth?

Purple Innovation, Inc. reported revenue of $95.7M.

Does PRPL pay dividends?

Purple Innovation, Inc. pays dividends, with $0.1M distributed to shareholders in the trailing twelve months.

Where can I find PRPL SEC filings?

Official SEC filings for Purple Innovation, Inc. (CIK: 0001643953) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is PRPL's EPS?

Purple Innovation, Inc. has a diluted EPS of $-0.28.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is PRPL's fundamental grade?

Based on our AI fundamental analysis in May 2026, Purple Innovation, Inc. has a D grade with 92% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is PRPL stock overvalued or undervalued?

Valuation metrics for PRPL: ROE of N/A (sector avg: 15%), net margin of -31.9% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is PRPL's AI grade for 2026?

Our dual AI analysis gives Purple Innovation, Inc. a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is PRPL's free cash flow?

Purple Innovation, Inc.'s operating cash flow is $3.0M, with capital expenditures of $1.6M. FCF margin is 1.4%.

How does PRPL compare to other Market stocks?

Vs Default sector averages: Net margin -31.9% (avg: 12%), ROE N/A (avg: 15%), current ratio 1.24 (avg: 1.8).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 6, 2026 | Data as of: 2026-03-31 | Powered by Claude AI