secwatch.observer — SEC 8-K summary
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Issuer:     Purple Innovation, Inc. (PRPL)
CIK:        0001643953
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001213900-25-040153
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Purple Innovation Q1 revenue $104.2M (-13.2% YoY); expands Mattress Firm partnership; reaffirms FY25 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643953/000121390025040153/0001213900-25-040153-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643953/000121390025040153/ea0240908-8k_purple.htm
  HTML page:      https://secwatch.observer/filing/0001213900-25-040153

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer