PRPL (PRPL) financial statements
PRPL reported revenue of $469M in fiscal 2025, up 11.5% a year over 8 years.
Net income was -$51M.
Free cash flow was -$42M.
The diluted share count rose 56431% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PRPL's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $197M | $286M | $428M | $648M | $725M | $573M | $511M | $488M | $469M |
| Cost of revenue | — | $112M | $173M | $239M | $343M | $431M | $365M | $339M | $307M | $280M |
| Gross profit | — | $85M | $113M | $189M | $305M | $294M | $208M | $172M | $181M | $189M |
| Research and development | — | $1M | $2M | $4M | $6M | $7M | $9M | $12M | $13M | $10M |
| Selling, general and admin | $3M | $92M | $127M | $169M | $228M | $311M | $242M | $267M | $240M | $211M |
| Operating income | -$3M | -$9M | -$17M | $16M | $71M | -$25M | -$43M | -$114M | -$92M | -$43M |
| Interest expense | — | $81,000 | $4M | $5M | $5M | $2M | $4M | $2M | $18M | $29M |
| Pre-tax income | -$2M | $1M | -$20M | -$31M | -$274M | $1M | $120M | -$121M | -$98M | -$51M |
| Income tax | — | $406,000 | — | $400,000 | -$44M | -$2M | $213M | $8,000 | $63,000 | $207,000 |
| Net income | -$2M | -$9M | -$4M | -$23M | -$237M | $3M | -$92M | -$121M | -$98M | -$51M |
| EPS (diluted) | -$12.25 | $1.25 | -$12.75 | -$56.50 | -$151.00 | -$7.75 | -$28.25 | $1.17 | $0.91 | $0.48 |
| Diluted shares | 0M | 1M | 0M | 0M | 2M | 3M | 3M | 104M | 107M | 108M |
| Gross margin | — | 43.2% | 39.4% | 44.1% | 47.0% | 40.5% | 36.3% | 33.7% | 37.1% | 40.2% |
| Operating margin | — | -4.4% | -5.9% | 3.8% | 11.0% | -3.4% | -7.5% | -22.3% | -18.9% | -9.2% |
| Net margin | — | -4.5% | -1.5% | -5.3% | -36.5% | 0.4% | -16.1% | -23.7% | -20.1% | -11.0% |
Balance sheet
Fiscal years, from PRPL's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $4M | $4M | $12M | $33M | $123M | $92M | $42M | $27M | $29M | $24M |
| Receivables | — | $4M | $10M | $29M | $29M | $25M | $35M | $38M | $33M | $41M |
| Inventory | — | $13M | $23M | $48M | $66M | $99M | $73M | $67M | $57M | $60M |
| Total current assets | $278,000 | $23M | $48M | $114M | $229M | $230M | $161M | $142M | $126M | $137M |
| Property, plant and equipment | — | $13M | $23M | $32M | $61M | $113M | $137M | $129M | $94M | $78M |
| Goodwill | — | — | — | — | — | — | $5M | — | $7M | — |
| Total assets | $156M | $38M | $72M | $148M | $555M | $642M | $433M | $391M | $308M | $296M |
| Total current liabilities | $2M | $41M | $49M | $87M | $132M | $142M | $98M | $111M | $101M | $102M |
| Long-term debt | — | $8M | $21M | $35M | $43M | $96M | $24M | $27M | — | — |
| Total liabilities | $7M | $52M | $74M | $176M | $487M | $496M | $258M | $275M | $288M | $326M |
| Shareholders' equity | $5M | $5M | -$662,000 | -$26M | $67M | $146M | $174M | $115M | $20M | -$30M |
| Net debt | -$4M | $4M | $9M | $2M | -$78M | $101M | $6M | $27M | $26M | -$24M |
Cash flow
Fiscal years, from PRPL's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$811,000 | $5M | -$22M | $23M | $81M | -$31M | -$29M | -$55M | -$18M | -$34M |
| Capital spending | — | $8M | $11M | $10M | $28M | $54M | $35M | $14M | $7M | $8M |
| Free cash flow | — | -$3M | -$33M | $12M | $53M | -$85M | -$64M | -$69M | -$25M | -$42M |
| Stock-based compensation | — | — | $487,000 | $10M | $2M | $3M | $3M | $5M | $3M | $2M |
| Dividends paid | — | — | — | — | — | — | $100,000 | — | — | — |
| Share buybacks (net) | — | -$34M | — | -$97,000 | — | — | — | — | — | — |
| Net borrowing | — | — | — | — | $44M | -$2M | -$18M | -$25M | -$25M | — |
| Free cash flow margin | — | -1.3% | -11.5% | 2.9% | 8.2% | -11.7% | -11.2% | -13.5% | -5.1% | -8.9% |
| Dividends per share | — | — | — | — | — | — | $0.03 | — | — | — |
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Open PRPL in InvestinglyQuestions
What was PRPL's revenue in 2025?
$469M in fiscal 2025, from its 10-K filing.
How much free cash flow does PRPL generate?
-$42M in fiscal 2025 (operating cash flow minus capital spending).
From PRPL's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.