Quarterly ResultAug 10, 2026, 04:58 PM
Purple Innovation Q2 Net Loss $3.2M; Adj. EBITDA $2.1M; Regains Nasdaq Compliance
AI Summary
Purple Innovation reported a Q2 2026 GAAP net loss of $3.2 million, a significant improvement from the prior year, and adjusted EBITDA of $2.1 million. Net revenue decreased 6.5% to $98.3 million, primarily due to lower wholesale revenue, despite strong showroom growth. The company also announced it has regained compliance with Nasdaq's minimum bid price requirement. For fiscal 2026, Purple Innovation lowered its revenue guidance to $420 million-$440 million but maintained confidence in achieving adjusted EBITDA of $20 million-$25 million.
Key Highlights
- Regained compliance with Nasdaq minimum bid price requirement.
- Q2 2026 Net Revenue decreased 6.5% to $98.3 million.
- Q2 2026 GAAP Net Loss was $3.2 million, improving $14.1 million YoY.
- Q2 2026 Adjusted EBITDA was $2.1 million, improving $4.4 million YoY.
- Showroom revenue increased 16.6%; DTC revenue increased 3.4%.
- Wholesale revenue decreased 19.1% to $37.4 million.
- Lowered 2026 revenue guidance to $420 million-$440 million.
- Reaffirmed 2026 Adjusted EBITDA guidance of $20 million-$25 million.
Price Impact
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