Bobby Griffin

Brian Nagel

Matthew Koranda

Bradley Thomas

Brad Thomas

Daniel Silverstein

Dan Silverstein

Keith Hughes

Matthew Mccartney

Matt Koranda

Robert Griffin

- Purple Innovation reported **Q3 2025 net revenue of $118.8 million**, a slight increase compared to the prior year, and achieved a **positive adjusted EBITDA of $200,000**, an improvement from a loss of $6.4 million last year.  **[0001643953_2233233_1]** **[0001643953_2233233_4]** 
- Gross margin significantly improved to **42.8%** in Q3 2025, up from 36% in the second quarter, driven by direct material cost savings, restructuring completion, and warranty/scrap reduction initiatives.  **[0001643953_2233233_1]** **[0001643953_2233233_3]** **[0001643953_2233233_4]** 
- The company reiterated its full-year 2025 guidance, projecting revenue in the range of **$465 million to $485 million** and adjusted EBITDA between **break-even and $10 million positive**.  **[0001643953_2233233_3]** **[0001643953_2233233_5]** 
- Growth was supported by the ongoing expansion of the Mattress Firm partnership, with Purple products now in **9,200 slots** and aiming for **12,000 slots by March 2026**, and the strong performance of the Rejuvenate 2.0 mattress collection.  **[0001643953_2233233_1]** **[0001643953_2233233_2]** 
- The board's review of strategic alternatives, which includes evaluating a merger, sale, or other strategic transactions, is still ongoing.  **[0001643953_2233233_3]**

Purple Innovation Announces Q3 2025 Results

- Purple Innovation reported **net revenue of $118.8 million** for the third quarter ended September 30, 2025, a slight increase from **$118.6 million** in the prior year period.  **[1643953_20251104LA15423:0]** 
- The company achieved an improved **net loss of $11.7 million** and positive **adjusted EBITDA of $0.2 million** in Q3 2025, compared to a net loss of $39.2 million and adjusted EBITDA of $(6.4) million in Q3 2024.  **[1643953_20251104LA15423:0]** 
- **Gross profit increased to $50.9 million**, representing **42.8% of net revenue** in Q3 2025, up from $35.2 million or 29.7% in the prior year.  **[1643953_20251104LA15423:0]** 
- As of September 30, 2025, cash and cash equivalents stood at **$32.4 million**, an increase from **$29.0 million** at December 31, 2024.  **[1643953_20251104LA15423:0]** 
- Purple Innovation is maintaining its **2025 full-year guidance**, projecting revenue between **$465 million and $485 million** and adjusted EBITDA from **breakeven to $10 million**.  **[1643953_20251104LA15423:0]**

Purple Innovation Reports Third Quarter 2025 Results

- Purple Innovation reported **net revenue of $118.8 million** for the third quarter ended September 30, 2025, a slight increase compared to $118.6 million in the prior year period.  **[1643953_0001213900-25-106084_ea026302101ex99-1_purple.htm:0]** 
- The company achieved an **improved net loss of $11.7 million** and **positive adjusted EBITDA of $0.2 million** in Q3 2025, compared to a net loss of $39.2 million and adjusted EBITDA of $(6.4) million in Q3 2024.  **[1643953_0001213900-25-106084_ea026302101ex99-1_purple.htm:0]** 
- Gross profit for Q3 2025 increased to **$50.9 million**, or **42.8% of net revenue**, up from $35.2 million, or 29.7%, in the prior year period, driven by manufacturing efficiencies and direct material cost savings.  **[1643953_0001213900-25-106084_ea026302101ex99-1_purple.htm:0]** 
- Purple Innovation is maintaining its **2025 full-year revenue guidance of $465 to $485 million** and **adjusted EBITDA guidance of breakeven to $10 million**.  **[1643953_0001213900-25-106084_ea026302101ex99-1_purple.htm:1]**

Purple Innovation (PRPL)