Management ChangeApr 28, 2026, 08:08 AM
PRPL CFO Todd Vogensen Departs; Robert Lucian Appointed; Q1 Rev $95.7M, Guidance Cut
AI Summary
Purple Innovation, Inc. announced that CFO Todd Vogensen will depart effective May 1, 2026, with Robert Lucian, former La-Z-Boy CFO, appointed as his successor effective April 27, 2026. The company also reported Q1 2026 net revenue of $95.7 million, an 8.1% decrease year-over-year, and a net loss of $30.5 million. Purple Innovation reaffirmed its full-year adjusted EBITDA guidance but revised its net revenue outlook for 2026 downwards to $465-$485 million from $500-$520 million.
Key Highlights
- Todd Vogensen to depart as CFO effective May 1, 2026.
- Robert Lucian, former La-Z-Boy CFO, appointed Chief Financial Officer effective April 27, 2026.
- Q1 2026 net revenue was $95.7 million, down 8.1% compared to Q1 2025.
- Q1 2026 gross profit was $35.2 million, representing 36.8% of net revenue.
- Q1 2026 net loss attributable to Purple Innovation, Inc. was $30.5 million.
- Q1 2026 adjusted EBITDA was $(4.8) million, flat from the prior year.
- Revised 2026 full-year revenue guidance to $465-$485 million (previously $500-$520 million).
- Reaffirmed 2026 full-year adjusted EBITDA guidance in the range of $20-$30 million.