v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 23,300 $ 24,345
Accounts receivable, net 26,229 41,272
Inventories 55,397 59,725
Prepaid expenses 4,131 5,487
Other current assets 5,418 5,891
Total current assets 114,475 136,720
Property and equipment, net 73,763 77,961
Operating lease right-of-use assets 64,424 67,271
Intangible assets, net 5,909 6,346
Other long-term assets 5,925 7,961
Total assets 264,496 296,259
Current liabilities:    
Accounts payable 41,186 40,312
Accrued compensation 3,818 7,673
Customer prepayments 4,035 5,276
Accrued rebates and allowances 11,633 13,416
Accrued warranty liabilities – current portion 8,135 7,141
Operating lease obligations – current portion 16,967 17,366
Related party debt – current portion 127,006
Other current liabilities 6,934 10,339
Total current liabilities 219,714 101,523
Related party debt, net of current portion 111,305
Accrued warranty liabilities, net of current portion 20,030 19,570
Operating lease obligations, net of current portion 71,209 75,616
Warrant liabilities 15,715 16,150
Other long-term liabilities 1,628 1,764
Total liabilities 328,296 325,928
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Additional paid-in capital 595,280 595,589
Accumulated deficit (659,051) (625,280)
Total stockholders’ equity (deficit) attributable to Purple Innovation, Inc. (63,767) (29,687)
Noncontrolling interest (33) 18
Total stockholders’ equity (deficit) (63,800) (29,669)
Total liabilities and stockholders’ equity (deficit) 264,496 296,259
Class A Common Stock    
Stockholders’ equity (deficit):    
Common stock, value 4 4
Class B Common Stock    
Stockholders’ equity (deficit):    
Common stock, value