v3.26.1
Net Loss Per Common Share
 6 Months Ended
Jun. 30, 2026
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,		  
    2026     2025     2026     2025  
Numerator:                        
Net loss attributable to Purple Innovation, Inc. – basic   $ (3,230 )   $ (17,345 )   $ (33,771 )   $ (36,482 )
Less – net loss attributed to noncontrolling interest     (16 )     —       (51 )     —  
Net income (loss) attributable to Purple Innovation, Inc. – diluted   $ (3,246 )   $ (17,345 )   $ (33,822 )   $ (36,482 )
Denominator:                                
Weighted average shares—basic     4,353       4,329       4,344       4,317  
Add – dilutive effect of Class B common stock     7       —       7       —  
Weighted average shares—diluted     4,360       4,329       4,351       4,317  
Net loss per common share:                                
Basic   $ (0.74 )   $ (4.01 )   $ (7.77 )   $ (8.45 )
Diluted   $ (0.74 )   $ (4.01 )   $ (7.77 )   $ (8.45 )

 

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,		  
    2026     2025     2026     2025  
Warrants     1,631       1,631       1,631       1,631  
Restricted stock units     14       128       14       128  
Stock options     20       20       20       20  
Class B common stock     —       7       —       7