v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 24,345 $ 29,011
Accounts receivable, net 41,272 33,057
Inventories 59,725 56,863
Prepaid expenses 5,487 6,023
Other current assets 5,891 1,414
Total current assets 136,720 126,368
Property and equipment, net 77,961 93,874
Operating lease right-of-use assets 67,271 75,516
Intangible assets, net 6,346 8,890
Other long-term assets 7,961 3,197
Total assets 296,259 307,845
Current liabilities:    
Accounts payable 40,312 40,639
Accrued compensation 7,673 9,415
Customer prepayments 5,276 6,411
Accrued rebates and allowances 13,416 10,013
Accrued warranty liabilities – current portion 7,141 6,114
Operating lease obligations – current portion 17,366 15,661
Other current liabilities 10,339 12,750
Total current liabilities 101,523 101,003
Related party debt 111,305 55,394
Accrued warranty liabilities, net of current portion 19,570 26,091
Operating lease obligations, net of current portion 75,616 87,072
Warrant liabilities 16,150 16,067
Other long-term liabilities 1,764 2,009
Total liabilities 325,928 287,636
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Additional paid-in capital 595,582 594,053
Accumulated deficit (625,280) (573,866)
Total stockholders’ equity (deficit) attributable to Purple Innovation, Inc. (29,687) 20,198
Noncontrolling interest 18 11
Total stockholders’ equity (deficit) (29,669) 20,209
Total liabilities and stockholders’ equity (deficit) 296,259 307,845
Class A Common Stock    
Stockholders’ equity (deficit):    
Common stock; value 11 11
Class B Common Stock    
Stockholders’ equity (deficit):    
Common stock; value