secwatch.observer — SEC 8-K summary
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Issuer:     Purple Innovation, Inc. (PRPL)
CIK:        0001643953
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001213900-26-048279
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Purple Q1 rev $95.7M (-8.1%); cuts FY rev guidance; CFO Vogensen resigns, Lucian named
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- Q1 net revenue $95.7M, down 8.1% YoY; showroom comps +7.0%, e-commerce improved sequentially.
- Net loss $30.5M vs $19.1M YoY; adjusted EBITDA $(4.8)M, flat YoY.
- FY2026 revenue guidance cut to $465-485M from $500-520M due to accounting adjustment; EBITDA guidance reaffirmed at $20-30M.
- CFO Todd Vogensen resigns effective May 1, 2026; Robert Lucian (ex-La-Z-Boy CFO) appointed CFO effective April 27, 2026.
- Lucian's compensation: $600K base, $20K signing bonus, 75% target short-term incentive with $300K guarantee for 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1643953/000121390026048279/0001213900-26-048279-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1643953/000121390026048279/ea0287736-8k_purple.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-048279

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