Purple Innovation, Inc. balance sheet

At the end of fiscal 2025, Purple Innovation, Inc. had total assets of $296m, total liabilities of $326m and shareholders' equity of −$29.7m. It held $24.3m in cash against $127m of debt: net debt of $102m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Purple Innovation, Inc.: balance sheet, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	4	12	33	123	92	42	27	29	24	23
Receivables	4	10	29	29	25	35	38	33	41	26
Inventory	13	23	48	66	99	73	67	57	60	55
Total current assets	23	48	114	229	230	161	142	126	137	114
Goodwill	—	—	—	—	—	5	—	7	—	—
Total assets	38	72	148	555	642	433	391	308	296	264
Accounts payable	21	25	50	70	80	46	50	41	40	41
Deferred revenue (current)	—	—	—	—	—	—	6	6	5	4
Total current liabilities	41	49	87	132	142	98	111	101	102	220
Short-term debt	—	—	—	2	96	24	29	55	—	—
Long-term debt	8	27	35	43	96	24	27	71	127	—
Total debt	8	27	35	45	193	100	115	71	127	127
Total liabilities	52	74	176	487	496	258	275	288	326	328
Shareholders' equity	5	−1	−26	67	146	174	115	20	−30	−64
Non-controlling interests and other (assets − liabilities − equity)	−19	—	—	—	—	—	—	—	—	—
Net debt (negative = net cash)	4	14	2	−78	101	59	88	42	102	103
Shares outstanding	34m	—	—	—	—	—	—	—	—	—

US$ millions unless shown otherwise. Fiscal quarters.

Purple Innovation, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	30	33	24	21	25	41	21	26
Inventory	60	57	60	61	66	60	58	55
Total current assets	123	126	113	126	136	137	116	114
Goodwill	—	7	—	—	—	—	—	—
Total assets	309	308	294	304	302	296	272	264
Accounts payable	30	41	32	26	36	40	42	41
Deferred revenue (current)	4	6	4	8	5	5	5	4
Total current liabilities	94	101	84	84	97	102	93	220
Short-term debt	51	55	73	95	103	—	—	—
Long-term debt	51	71	—	—	—	127	—	—
Total debt	102	126	73	95	103	127	—	—
Total liabilities	281	288	292	319	329	326	332	328
Shareholders' equity	28	20	1	−16	−27	−30	−60	−64

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Purple Innovation, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Purple Innovation, Inc.