Purple Innovation, Inc. (NASDAQ: PRPL) announced its financial results for the fourth quarter and full year ended December 31, 2025. The company reported a net revenue of $140.7 million for Q4 2025, reflecting a 9.1% increase compared to the same period in 2024. This growth was primarily driven by the wholesale channel, bolstered by expanded placements with Mattress Firm and continued momentum with Costco, despite a decline in e-commerce sales. The gross profit for the quarter rose to $59.0 million, representing a gross margin of 41.9%. Operating expenses decreased by 2.9% to $61.2 million, attributed to ongoing restructuring and cost-saving initiatives. However, the company reported a net loss of $3.2 million for the quarter, an improvement from a loss of $8.5 million in the prior year. Adjusted EBITDA for the quarter was $8.8 million, a significant increase from $2.9 million in Q4 2024. For the full year, Purple Innovation's net revenue was $468.7 million, a decline of 3.9% compared to 2024, largely due to e-commerce headwinds. The company expects full-year revenue for 2026 to be between $500 million and $520 million, with adjusted EBITDA projected between $20 million and $30 million. The company also announced a third amendment to its credit agreement, extending the maturity date and waiving certain requirements related to its financial statements. This strategic move is expected to enhance liquidity and operational flexibility as the company navigates its growth trajectory.

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