| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 118.77 | 13.0% | 0.1% |
| Total Income | 118.77 | 13.0% | 0.1% |
| Expenditure | 130.89 | 9.7% | 20.9% |
| PBT | -11.70 | 32.5% | 70.2% |
| Net Profit | -11.72 | 32.5% | 70.1% |
| OPM | -10.21% | 3.34pp | 29.26pp |
| NPM | -9.87% | 6.64pp | 23.21pp |
| EPS | 0.11 | 31.3% | 130.6% |
Purple Innovation Reports Q3 2025 Results: Net Revenue $118.8 Million
04 May 2026 · 4 May, 8:16 am
Summary
Purple Innovation reported third quarter 2025 results with net revenue of $118.8 million, a slight increase from $118.6 million in the third quarter of 2024. Gross profit increased to $50.9 million, representing 42.8% of net revenue, compared to $35.2 million or 29.7% in the prior year period. The net loss attributable to Purple Innovation, Inc. decreased to $11.7 million from $39.2 million in the prior year. The company is maintaining its 2025 guidance, projecting full-year revenue of $465 to $485 million and adjusted EBITDA of breakeven to $10 million.
Key Highlights
- 1
Third quarter 2025 net revenue was $118.8 million, up slightly compared to $118.6 million in the third quarter of 2024.
- 2
Gross profit for the third quarter increased to $50.9 million or 42.8% of net revenue, compared to $35.2 million or 29.7% in the prior year period.
- 3
Adjusted gross margin expanded by 230 basis points to 42.8% in the quarter, compared to 40.5% in the year-prior period.
- 4
Net loss attributable to Purple Innovation, Inc. for the third quarter was $11.7 million, a decline from $39.2 million in the prior year.
- 5
Adjusted EBITDA for the third quarter was $0.2 million, an improvement from $(6.4) million last year.
- 6
The Company is maintaining its 2025 guidance, projecting full-year revenue of $465 to $485 million and adjusted EBITDA of breakeven to $10 million.
Management Comments
Rob DeMartini
“Our third quarter results reflect the continued progress we’re making in strengthening Purple’s foundation and positioning the company for sustainable, profitable growth,” “We delivered results in line with expectations, achieving an improved net loss and positive adjusted EBITDA and a sequential improvement in gross margin despite tariff headwinds. These results highlight the discipline and focus that are driving improved performance across our business.” “One year after launching our restructuring program, Purple is a leaner, more agile company that is now firmly focused on scaling for growth. The success of Rejuvenate 2.0, the ongoing expansion of our Mattress Firm partnership, and strong showroom performance all underscore the power of our innovation and our brand momentum, marking an important inflection point in sales trends after consecutive quarters of year-over-year declines. We are entering the final months of the year with confidence, executing against our Path to Premium Sleep strategy and remaining on track to deliver positive adjusted EBITDA for the full year.”
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