v3.25.2
Net Loss Per Common Share
6 Months Ended
Jun. 30, 2025
Net Loss Per Common Share [Abstract]  
Net Loss Per Common Share

17. Net Loss Per Common Share

 

Basic net income (loss) per common share is calculated by dividing net income (loss) attributable to common stockholders by the weighted average number of shares of Class A common stock outstanding during each period. Diluted net income (loss) per share reflects the weighted-average number of common shares outstanding during the period used in the basic net income (loss) computation plus the effect of common stock equivalents that are dilutive.

 

The following table sets forth the calculation of basic and diluted weighted average shares outstanding and net loss per share for the periods presented (in thousands, except per share amounts):

 

   Three Months Ended
June 30,
   Six Months Ended
June 30,
 
   2025   2024   2025   2024 
Numerator:                
Net income (loss) attributable to Purple Innovation, Inc. – basic  $(17,345)  $27   $(36,482)  $(50,190)
Less – net loss attributed to noncontrolling interest   
    (36)   
    
 
Net income (loss) attributable to Purple Innovation, Inc. – diluted  $(17,345)  $(9)  $(36,482)  $(50,190)
Denominator:                    
Weighted average shares—basic   108,230    107,489    107,915    106,755 
Add – dilutive effect of Class B common stock   
    205    
    
 
Add – dilutive effect of equity securities   
    85    
    
 
Weighted average shares—diluted   108,230    107,779    107,915    106,755 
Net loss per common share:                    
Basic  $(0.16)  $0.00   $(0.34)  $(0.47)
Diluted  $(0.16)  $(0.00)  $(0.34)  $(0.47)

The Company excludes from the diluted net loss per common share computation potentially dilutive securities related to warrants, equity awards and convertible shares of Class B common stock when their exercise or performance vesting price is greater than the average market price of the Company’s common stock or they are otherwise anti-dilutive. Potentially dilutive securities that have been excluded from the calculation of diluted net loss per common share are as follows (in thousands):

 

   Three Months Ended
June 30,
   Six Months Ended
June 30,
 
   2025   2024   2025   2024 
Warrants   40,787    20,000    40,787    20,000 
Restricted stock units   3,188    2,128    3,188    4,270 
Stock options   500    554    500    554 
Class B common stock   165    
    165    205