v3.26.1
Net Loss Per Common Share
 12 Months Ended
Dec. 31, 2025
Net Loss Per Common Share [Abstract]  
Net Loss Per Common Share

16. Net Loss Per Common Share

 

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

 

   Years Ended December 31, 
   2025   2024   2023 
Numerator:            
Net loss attributable to Purple Innovation, Inc. – basic  $(51,414)  $(97,897)  $(120,757)
Less: Net loss attributable to noncontrolling interest   (97)   (201)   (458)
Net loss attributable to Purple Innovation, Inc. – diluted  $(51,511)  $(98,098)  $(121,215)
Denominator               
Weighted average shares – basic   108,081    107,139    103,602 
Add: Dilutive effect of Class B shares   164    185    334 
Weighted average shares – diluted   108,245    107,324    103,936 
Net loss per common share:               
Basic  $(0.48)  $(0.91)  $(1.17)
Diluted  $(0.48)  $(0.91)  $(1.17)

 

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 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):

 

   Years Ended December 31, 
   2025   2024   2023 
Warrants   40,787    20,000    
—
 
Sponsor warrants   
—
    
—
    928 
Restricted stock units   3,141    3,808    3,057 
Stock options   500    529    863 

Class B Stock

   
—
    
—
    
—