---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-070604"
form_type: "8-K"
ticker: "PRPL"
cik: "0001643953"
company_name: "Purple Innovation, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:24:55.049632+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Purple Innovation Q3 revenue $143.3M (-16% YoY); adj. EBITDA $12.1M vs $0.6M

## Summary
- Net revenue $143.3M, down 16.1% YoY; DTC revenue fell 25% as ad spend reduced 57%.
- Gross margin improved 570 bps YoY to 41.5%; operating income $1.3M vs loss of $6.6M.
- Adjusted net income $2.8M ($0.03 diluted) vs adjusted loss of $4.9M in 3Q21.
- Adjusted EBITDA $12.1M, up from $0.6M; cash and equivalents $59.1M.
- Company provided revised adjusted EBITDA guidance for 2022 (specific figure not in excerpt).

## SEC filing metadata
- accession: 0001213900-22-070604
- form_type: 8-K
- ticker: PRPL
- cik: 0001643953
- company_name: Purple Innovation, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1643953/000121390022070604/0001213900-22-070604-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1643953/000121390022070604/ea168320-8k_purpleinno.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-070604
- JSON: https://secwatch.observer/filing/0001213900-22-070604.json
- Plain text: https://secwatch.observer/filing/0001213900-22-070604.txt

## Key facts
- Earnings Releases
  Purple Innovation, Inc. reported third quarter ended September 30, 2022 results: revenue $143.3 million, net income $2.3 million.
  - Period: third quarter ended September 30, 2022
  - Revenue: $143.3 million
  - Net income: $2.3 million
  - Result: reported results
  source text: Net revenue was $143.3 million, a decrease of 16.1% compared to 3Q21 and relatively flat compared to 2Q22.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1643953/000121390022070604/0001213900-22-070604-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.