Earnings Releases·Nov 4, 2026, 4:05 PM ET

Purple Innovation — Third Quarter 2026 Earnings Summary

Net revenue declined 18.7% year-over-year to $96.5 million, driven by a 30.9% drop in wholesale revenue and $4.0 million in related-party revenue reductions, though GAAP net loss narrowed significantly to $1.4 million from $11.7 million in the prior-year period.
Full-year 2026 Adjusted EBITDA guidance was raised to a $15 million to $20 million range, while full-year revenue guidance remained unchanged at $420 million to $440 million.
The company reported positive operating cash flow for the third consecutive quarter, ending with $28.3 million in cash equivalents and a $6.2 million reduction in net inventories.
Management highlighted improving e-commerce momentum and a strategic product refresh scheduled for early 2027, which will cover nearly 90% of mattress unit volume, to counteract continued wholesale channel pressure.