Welcome to our dedicated page for Purple Innovatio SEC filings (Ticker: PRPL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Purple Innovation, Inc. filings document formal disclosures for a public sleep-products manufacturer and retailer whose Class A common stock trades on Nasdaq. Recent Form 8-K reports furnish quarterly operating results, non-GAAP reconciliations, guidance updates, credit-agreement amendments, executive-compensation arrangements, and Nasdaq listing-compliance notices.
The company’s proxy materials cover annual-meeting proposals, director elections, advisory votes on executive compensation, auditor ratification, stockholder voting mechanics, and board governance. Together, the filing categories describe Purple’s operating performance, debt and capital-structure matters, compensation programs, governance controls, listing status, and public-company reporting obligations.
Purple Innovation, Inc. reported the results of its annual shareholder meeting held on June 9, 2026. Stockholders elected eight directors, including S. Hoby Darling, Robert DeMartini, Gary DiCamillo, Neil Fiske, Adam Gray, Claudia Hollingsworth, D. Scott Peterson, and Erika Serow, with strong majorities of votes cast.
Shareholders also approved the company’s executive compensation in an advisory vote and ratified BDO USA, LLP as the independent registered public accounting firm, with 87,996,036 votes in favor. These outcomes indicate overall support for the current board, leadership, and audit arrangements.
Purple Innovation, Inc. is calling a virtual special stockholder meeting on July 2, 2026 to seek approval for a reverse stock split of its Class A and Class B common stock. The board is asking for flexibility to implement a ratio between 1-for-10 and 1-for-30, or to abandon the change.
The primary goal is to help regain compliance with Nasdaq Global Select Market rules after the Class A stock’s closing price fell to $0.4164, below the $1.00 minimum bid requirement. A reverse split would reduce outstanding shares but keep authorized shares at 210,000,000 Class A and 90,000,000 Class B, increasing the pool of shares available for future issuance.
Purple highlights potential benefits such as preserving its Nasdaq listing, improving perceived stock credibility, and broadening institutional interest, while warning there is no assurance the share price will rise proportionally or remain above Nasdaq thresholds. Stockholders are also asked to approve the ability to adjourn the meeting to solicit more votes if needed.
Purple Innovation, Inc. reported that its Chief Operating Officer, Eric Haynor, has resigned from his role effective June 5, 2026. The company states that his resignation is not due to any disagreement regarding operations, policies, or practices. A replacement COO has not yet been appointed.
Purple Innovation, Inc. is asking stockholders to approve an amendment to its Certificate of Incorporation to permit a reverse stock split of Class A and Class B common stock at a ratio between 1-for-10 and 1-for-30, with the Board authorized to choose whether and when to implement it.
The Board says the reverse split is intended to help regain compliance with Nasdaq’s $1.00 minimum bid rule after the Company’s closing price was $0.4164 on May 28, 2026. If approved, the Board would have discretion to select the exact ratio and may abandon the amendment. The Special Meeting is virtual on July 2, 2026, and holders of 108,825,636 shares of Class A and 163,052 shares of Class B stock as of May 28, 2026 are entitled to vote.
Purple Innovation, Inc. has received a Nasdaq notice that its Class A common stock no longer meets the $1.00 minimum bid price requirement, after trading below this level for 30 consecutive business days. The company did not regain compliance by May 4, 2026 and is not eligible for a second 180‑day grace period.
Unless Purple Innovation appeals by May 12, 2026, its shares are scheduled for delisting and suspension from Nasdaq at the opening of business on May 14, 2026, followed by a Form 25‑NSE to remove the securities from listing and registration. The company plans to appeal to the Nasdaq Hearings Panel, which is expected to stay any suspension during the hearing process, and is considering a reverse stock split as part of its plan to regain compliance, though there is no assurance of a favorable outcome.
Purple Innovation, Inc. Chief Financial Officer Lucian Robert Gerard reported an open-market purchase of 60,000 shares of Class A Common Stock. The transactions occurred on May 4, 2026 at a weighted average price of $0.4906 per share, with individual trade prices ranging from $0.4839 to $0.4998. Following these purchases, Gerard directly holds 60,000 shares of Purple Innovation common stock.
Purple Innovation, Inc. filed an initial insider ownership report for Lucian Robert Gerard, who serves as Chief Financial Officer. This Form 3-style disclosure lists him as an officer subject to insider reporting rules, and shows no reported stock transactions or derivative holdings in this filing.
Purple Innovation, Inc. reported weaker results for the three months ended March 31, 2026 and raised substantial doubt about its ability to continue as a going concern. Revenue fell to $95.7 million from $104.2 million a year earlier, and the company posted a net loss of $30.6 million, or $0.28 per share. Balance sheet pressure intensified, with an accumulated deficit of $655.8 million, negative stockholders’ equity of $60.1 million, and related party debt of $132.5 million (carrying value $119.2 million). Interest expense rose significantly and a $7.0 million non‑cash loss from warrant remeasurement increased total other expense. Despite these headwinds, operating cash flow turned positive at $3.0 million, and management highlighted restructuring, cost‑saving measures, expanded distribution agreements, and a debt maturity extension to April 30, 2027 as key elements of its liquidity plan.
Purple Innovation, Inc. reported weaker results for the three months ended March 31, 2026 and raised substantial doubt about its ability to continue as a going concern. Revenue fell to $95.7 million from $104.2 million a year earlier, and the company posted a net loss of $30.6 million, or $0.28 per share. Balance sheet pressure intensified, with an accumulated deficit of $655.8 million, negative stockholders’ equity of $60.1 million, and related party debt of $132.5 million (carrying value $119.2 million). Interest expense rose significantly and a $7.0 million non‑cash loss from warrant remeasurement increased total other expense. Despite these headwinds, operating cash flow turned positive at $3.0 million, and management highlighted restructuring, cost‑saving measures, expanded distribution agreements, and a debt maturity extension to April 30, 2027 as key elements of its liquidity plan.
Purple Innovation, Inc. reported weaker results for the first quarter of 2026 and announced a CFO transition. Net revenue was $95.7 million, down about 8.1% from a year earlier, with softness in e-commerce and wholesale partly offset by showroom growth. Gross profit was $35.2 million, or 36.8% of revenue, and operating expenses fell 6.3% to $52.0 million due to cost savings and prior restructuring, but the company still posted a net loss of $30.5 million versus $19.1 million last year. Adjusted EBITDA was $(4.8) million, roughly flat year over year. Cash and equivalents were $25.0 million and inventories were $58.1 million as of March 31, 2026.
For 2026, Purple reduced its full-year net revenue outlook to $465–$485 million from $500–$520 million, while reaffirming adjusted EBITDA guidance of $20–$30 million. The company is evaluating strategic alternatives and highlighted early traction for its premium Purple Royale line and continued progress in showrooms and wholesale. Separately, CFO Todd Vogensen will leave effective May 1, 2026, and the board appointed Robert (Bob) Lucian, former La-Z-Boy CFO, as the new Chief Financial Officer under an offer letter providing a $600,000 base salary, bonuses and equity incentives.
Purple Innovation, Inc. reported weaker results for the first quarter of 2026 and announced a CFO transition. Net revenue was $95.7 million, down about 8.1% from a year earlier, with softness in e-commerce and wholesale partly offset by showroom growth. Gross profit was $35.2 million, or 36.8% of revenue, and operating expenses fell 6.3% to $52.0 million due to cost savings and prior restructuring, but the company still posted a net loss of $30.5 million versus $19.1 million last year. Adjusted EBITDA was $(4.8) million, roughly flat year over year. Cash and equivalents were $25.0 million and inventories were $58.1 million as of March 31, 2026.
For 2026, Purple reduced its full-year net revenue outlook to $465–$485 million from $500–$520 million, while reaffirming adjusted EBITDA guidance of $20–$30 million. The company is evaluating strategic alternatives and highlighted early traction for its premium Purple Royale line and continued progress in showrooms and wholesale. Separately, CFO Todd Vogensen will leave effective May 1, 2026, and the board appointed Robert (Bob) Lucian, former La-Z-Boy CFO, as the new Chief Financial Officer under an offer letter providing a $600,000 base salary, bonuses and equity incentives.
Purple Innovation is holding its 2026 annual stockholder meeting as a virtual-only event on June 9, 2026 at 10:00 a.m. Mountain Time. Stockholders will vote on electing eight directors, an advisory approval of executive compensation, and ratifying BDO USA, P.C. as auditor for 2026. Holders of Class A and Class B common stock as of April 13, 2026 may attend and vote, with each share entitled to one vote. The Board recommends voting “FOR” all nominees and “FOR” the executive pay and auditor ratification proposals.