{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-25-040153","form_type":"8-K","ticker":"PRPL","cik":"0001643953","company_name":"Purple Innovation, Inc.","filed_at":"2025-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.176424+00:00","generated_at":"2026-05-22T12:26:14.214431+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Purple Innovation Q1 revenue $104.2M (-13.2% YoY); expands Mattress Firm partnership; reaffirms FY25 guidance","bullets":["Q1 net revenue $104.2M, down 13.2% YoY. Net loss improved to $(19.1)M from $(50.2)M.","GAAP gross margin 39.4% (+460 bps); adjusted gross margin 40.3% (+550 bps).","Adjusted EBITDA $(4.7)M vs $(13.2)M prior year, ahead of guidance.","Reaffirms FY25 outlook: revenue $465-$485M, adjusted EBITDA flat to +$10M.","Expanded Mattress Firm partnership: footprint to min 12,000 slots (from ~5,000); $20M term loan amendment."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-25-040153","json":"https://secwatch.observer/filing/0001213900-25-040153.json","markdown":"https://secwatch.observer/filing/0001213900-25-040153.md","text":"https://secwatch.observer/filing/0001213900-25-040153.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025040153/0001213900-25-040153-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1643953/000121390025040153/ea0240908-8k_purple.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-22T12:26:14.214431+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}