v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 34,248 $ 29,011
Accounts receivable, net 21,083 33,057
Inventories 60,903 56,863
Prepaid expenses 4,017 6,023
Other current assets 5,680 1,414
Total current assets 125,931 126,368
Property and equipment, net 87,374 93,874
Operating lease right-of-use assets 73,313 75,516
Intangible assets, net 7,577 8,890
Other long-term assets 9,593 3,197
Total assets 303,788 307,845
Current liabilities:    
Accounts payable 25,963 40,639
Accrued compensation 6,632 9,415
Customer prepayments 8,490 6,411
Accrued rebates and allowances 10,941 10,013
Accrued warranty liabilities – current portion 7,774 6,114
Operating lease obligations – current portion 16,274 15,661
Other current liabilities 8,362 12,750
Total current liabilities 84,436 101,003
Related party debt 94,539 55,394
Accrued warranty liabilities, net of current portion 24,945 26,091
Operating lease obligations, net of current portion 84,651 87,072
Warrant liabilities 28,925 16,067
Other long-term liabilities 1,871 2,009
Total liabilities 319,367 287,636
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Additional paid-in capital 594,698 594,053
Accumulated deficit (610,348) (573,866)
Total stockholders’ equity (deficit) attributable to Purple Innovation, Inc. (15,639) 20,198
Noncontrolling interest 60 11
Total stockholders’ equity (deficit) (15,579) 20,209
Total liabilities and stockholders’ equity (deficit) 303,788 307,845
Class A Common Stock    
Stockholders’ equity (deficit):    
Common stock; value 11 11
Class B Common Stock    
Stockholders’ equity (deficit):    
Common stock; value