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Sep 30
Purple Q3 2025 Earnings Report
Purple Innovation reported third quarter 2025 results, showing improved net loss and positive adjusted EBITDA.
Key Takeaways
Purple Innovation achieved an improved net loss and positive adjusted EBITDA in the third quarter of 2025, with net revenue slightly up year-over-year. The company's restructuring program and product initiatives like Rejuvenate 2.0, along with the Mattress Firm partnership, contributed to these results, despite softer e-commerce performance.
Net revenue for Q3 2025 was $118.8 million, a slight increase from $118.6 million in Q3 2024.
Gross profit increased to $50.9 million (42.8% of net revenue) in Q3 2025, up from $35.2 million (29.7%) in the prior year.
Net loss attributable to Purple Innovation, Inc. significantly declined to $11.7 million in Q3 2025, compared to $39.2 million in Q3 2024.
Adjusted EBITDA turned positive at $0.2 million in Q3 2025, an improvement from $(6.4) million in the prior year.
Purple
Purple
Forward Guidance
Purple Innovation is maintaining its full-year 2025 guidance, projecting revenue between $465 million and $485 million and adjusted EBITDA from breakeven to $10 million, driven by the success of Rejuvenate 2.0 and the Mattress Firm partnership.
Positive Outlook
- Maintaining full-year 2025 revenue guidance of $465 million to $485 million.
- Maintaining full-year 2025 adjusted EBITDA guidance of breakeven to $10 million.
- Strong performance of the Rejuvenate 2.0 mattress launch is supporting guidance.
- Successful rollout of the Mattress Firm partnership is contributing to the positive outlook.
- Company is on track to deliver positive adjusted EBITDA for the full year.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- Potential for economic, financial, and end-market condition changes.
- Fluctuations in raw material prices and cost of labor could impact results.
- Competitive pressures and the need for continuous technology improvement.
- Changes in consumer demand, including potential pullbacks in consumer spending.