Purple Innovation Overview

  • Year Founded
  • 1989

Year Founded

  • Status
  • Public

  • Employees
  • 1,200

Employees

  • Stock Symbol
  • PRPL

Stock Symbol

  • Investments
  • 2

  • Share Price
  • $0.76
  • (As of Monday Closing)

Purple Innovation General Information

Description

Purple Innovation Inc is a comfort innovation company. The company designs, manufactures and sells a range of comfort technology offerings, including mattresses, a pillow, cushions, sheets, bed platforms and other products. The Company has one reportable segment that operates an omni-channel distribution which allows the Company to offer a seamless shopping experience to its customers across multiple sales channels. It sells its products through its direct-to-consumer e-commerce channels, retail brick-and-mortar wholesale partners, Purple showrooms, and third-party online retailers.

Contact Information

Website
www.purple.com
Formerly Known As
Purple Innovation, LLC, Global Partner Acquisition Corp
Ownership Status
Publicly Held
Financing Status
Corporation
Corporate Office
  • 4100 North Chapel Ridge Road
  • Suite 100
  • Lehi, UT 84043
  • United States
+1 (888)
Primary Industry
Home Furnishings
Stock Exchange
NAS
Vertical(s)
Corporate Office
  • 4100 North Chapel Ridge Road
  • Suite 100
  • Lehi, UT 84043
  • United States
+1 (888)

Purple Innovation Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

Want detailed data on 3M+ companies?

What you see here scratches the surface

Request a free trial

Want to dig into this profile?

We’ll help you find what you need

Learn more

Purple Innovation Stock Performance

As of 23-Jun-2025, Purple Innovation’s stock price is $0.76. Its current market cap is $82.2M with 108M shares.

(As of Monday Closing)

Stock Price Previous Close 52 wk Range Market Cap Shares Average Volume EPS
$0.76 $0.72 $0.56 - $1.50 $82.2M 108M 619K -$0.62

Purple Innovation Financials Summary

As of 31-Mar-2025, Purple Innovation has a trailing 12-month revenue of $472M.

In Thousands,
USD
TTM 31-Mar-2025 FY 2024 31-Dec-2024 FY 2023 31-Dec-2023 FY 2022 31-Dec-2022
EV 210,776 213,102 235,588 544,992
Revenue 472,015 487,877 510,541 573,201
EBITDA (15,128) (45,170) (94,134) 141,469
Net Income (66,817) (97,897) (120,757) (92,470)
Total Assets 293,772 307,845 390,625 433,333
Total Debt 176,922 158,127 152,975 152,964
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Purple Innovation Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA
Post-Val Status Debt

This information is available in the PitchBook Platform. To explore Purple Innovation‘s full profile, request access.

Request a free trial

Purple Innovation Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Purple Innovation Inc is a comfort innovation company. The company designs, manufactures and sells a range of comfort te
Home Furnishings
Lehi, UT
1,200 As of 2024

Monroe, MI
 

Minneapolis, MN
 
Add Comparison

PitchBook’s comparison feature gives you a side-by-side look at key metrics for similar companies. Personalize which data points you want to see and create visualizations instantly.

Request a free trial

Purple Innovation Competitors (19)

One of Purple Innovation’s 19 competitors is La-Z-Boy, a Corporation company based in Monroe, MI.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
La-Z-Boy Corporation Monroe, MI
Sleep Number Formerly PE-Backed Minneapolis, MN
HNI Corporation Muscatine, IA
Sealy Formerly PE-Backed Lexington, KY
Sterling Sleep Corporation Garden Grove, CA
You’re viewing 5 of 19 competitors. Get the full list »

Purple Innovation Patents

Purple Innovation Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20250176732-A1 Elastomeric cushioning elements with substantially cylindrical columns Pending 04-Dec-2023
US-20250151935-A1 Collapsible pillow with cushioning grid Pending 12-Nov-2023
US-20250064236-A1 Adjustable pillow Pending 22-Aug-2023
US-20250066138-A1 Inverting conveyor system for flexible articles of manufacture Pending 21-Aug-2023
US-20240251965-A1 Smart bed with mattress that responds to physical inputs Pending 01-Feb-2023 A47C21/048
To view Purple Innovation’s complete patent history, request access »

Purple Innovation Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach.

Request a free trial

Purple Innovation Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

This information is available in the PitchBook Platform. To explore Purple Innovation‘s full profile, request access.

Request a free trial

Purple Innovation Acquisitions (2)

Purple Innovation’s most recent deal was a Merger/Acquisition with Intellibed for . The deal was made on 31-Aug-2022.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Intellibed 31-Aug-2022 Merger/Acquisition Home Furnishings
Global Partner Acquisition 02-Feb-2018 Merger/Acquisition Special Purpose Acquisition Company (SPAC)
To view Purple Innovation’s complete acquisitions history, request access »

Purple Innovation ESG

Risk Overview

Risk Rating

Updated May, 28, 2025

18.7 | Low Risk

Risk Scale

A lower score indicates better sustainability

Negl

0-10

Low

10-20

Med

20-30

High

30-40

Severe

40+

Exposure

Exposure refers to the extent to which a company is exposed to different material ESG issues

Management

Management is related to actions taken to manage ESG issues

Peers Analysis

Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.

Global

Covered Companies

of 14,673

Rank

Percentile

Consumer Durables

Industry

of 200

Rank

Percentile

Home Improvement

Subindustry

of 45

Rank

Percentile

To view Purple Innovation’s complete esg history, request access »

Purple Innovation FAQs

  • When was Purple Innovation founded?

    Purple Innovation was founded in 1989.

  • Where is Purple Innovation headquartered?

    Purple Innovation is headquartered in Lehi, UT.

  • What is the size of Purple Innovation?

    Purple Innovation has 1,200 total employees.

  • What industry is Purple Innovation in?

    Purple Innovation’s primary industry is Home Furnishings.

  • Is Purple Innovation a private or public company?

    Purple Innovation is a Public company.

  • What is Purple Innovation’s stock symbol?

    The ticker symbol for Purple Innovation is PRPL.

  • What is the current stock price of Purple Innovation?

    As of 23-Jun-2025 the stock price of Purple Innovation is $0.76.

  • What is the current market cap of Purple Innovation?

    The current market capitalization of Purple Innovation is $82.2M.

  • What is Purple Innovation’s current revenue?

    The trailing twelve month revenue for Purple Innovation is $472M.

  • Who are Purple Innovation’s competitors?

    La-Z-Boy, Sleep Number, HNI, Sealy, and Sterling Sleep are some of the 19 competitors of Purple Innovation.

  • What is Purple Innovation’s annual earnings per share (EPS)?

    Purple Innovation’s EPS for 12 months was -$0.62.

Data Transparency

  • Meet our data hygiene team

    Discover how our experts ensure you’re getting the most accurate financial data in the industry.

    Read blog »
  • How PitchBook sources data

    Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most.

    Discover our process »