OverviewSuggest Edit

Purple Innovation is a company formed as a result of a reverse merger between Global Partner Acquisition and Purple which specializes in the direct-to-consumer sale. It provides a range of products, including mattresses, seat cushions, back cushions, pillows and platform bases. The Company sells its products through online channels, wholesale partners and third-party online retailers.

TypePublic
Founded2010
HQLehi, UT, US
Websitepurple.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Dec 2018)620
Job Openings171
Revenue (FY, 2020)$648.5 M(+52%)
Share Price (Jul 2021)$25.6(-2%)
Cybersecurity ratingBMore

Key People/Management at Purple

Joseph B. Megibow

Joseph B. Megibow

Chief Executive Officer, Director
Tony Pearce

Tony Pearce

Founder
Terry V. Pearce

Terry V. Pearce

Director
Craig Phillips

Craig Phillips

Chief Financial Officer
Casey K. McGarvey

Casey K. McGarvey

Chief Legal Officer
John Legg

John Legg

Chief Operating Officer
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Purple Office Locations

Purple has offices in Lehi and Alpine
Lehi, UT, US (HQ)
4100 Chapel Ridge Rd #100
Alpine, UT, US
Alpine, UT 84004, USA
Show all (2)

Purple Financials and Metrics

Purple Revenue

Purple's revenue was reported to be $648.47 m in FY, 2020
USD

Revenue (Q1, 2021)

186.4m

Gross profit (Q1, 2021)

87.5m

Gross profit margin (Q1, 2021), %

46.9%

Net income (Q1, 2021)

20.9m

EBIT (Q1, 2021)

16.9m

Market capitalization (14-Jul-2021)

1.7b

Closing stock price (14-Jul-2021)

25.6

Cash (31-Mar-2021)

103.8m

EV

1.7b
Purple's current market capitalization is $1.7 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

285.8m428.4m648.5m

Cost of goods sold

173.2m239.4m343.4m

Gross profit

112.6m189.0m305.1m

Gross profit Margin, %

39%44%47%
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

61.0m75.4m70.8m83.6m103.0m117.4m122.4m165.1m186.4m

Cost of goods sold

34.6m42.4m42.7m49.6m60.2m64.5m69.2m83.5m98.9m

Gross profit

26.4m33.0m28.1m34.1m42.8m52.9m53.2m81.6m87.5m

Gross profit Margin, %

43%44%40%41%42%45%43%49%47%
Annual
USDFY, 2015FY, 2016FY, 2018FY, 2019FY, 2020

Cash

1.0m237.0k12.2m33.5m123.0m

Accounts Receivable

10.2m28.7m29.1m

Prepaid Expenses

131.0k41.0k

Inventories

22.9m47.6m65.7m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

893.0k775.0k645.0k230.0k188.0k374.0k26.8m10.4m7.7m12.2m20.3m31.3m26.4m95.4m103.8m

Accounts Receivable

3.9m7.2m8.5m19.7m24.8m26.7m23.3m19.0m41.6m

Prepaid Expenses

150.0k105.0k72.0k65.0k33.0k19.0k

Inventories

26.6m33.2m28.7m25.3m25.1m34.8m42.1m39.8m63.3m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(303.0k)(2.3m)803.0k(19.6m)(12.4m)(229.8m)

Depreciation and Amortization

2.2m4.3m11.0m

Inventories

(9.6m)(24.7m)

Accounts Payable

199.0k1.7m(674.0k)3.8m25.1m16.0m
Quarterly
USDFY, 2015

Financial Leverage

31.3 x
Show all financial metrics

Purple Operating Metrics

Purple's Orders was reported to be 27 k in Apr, 2017.
Apr, 2017

Orders

27 k
Show all operating metrics

Purple Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

Purple Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Purple Online and Social Media Presence

Embed Graph

Purple Blogs

Get to Know Dr. Michael Breus, Purple’s First Chief Sleep Advisor

The post Get to Know Dr. Michael Breus, Purple’s First Chief Sleep Advisor appeared first on Purple.

The Close Relationship Between Stress and Sleep

The post The Close Relationship Between Stress and Sleep appeared first on Purple.

Hero Week: Celebrating Our Educators

The post Hero Week: Celebrating Our Educators appeared first on Purple.

Hero Week: Celebrating Our Firefighters

The post Hero Week: Celebrating Our Firefighters appeared first on Purple.

Purple Celebrates Community Heroes

The post Purple Celebrates Community Heroes  appeared first on Purple.

Twin XL Bedding Options for Your Twin XL Mattress

The post Twin XL Bedding Options for Your Twin XL Mattress appeared first on Purple.
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Purple Frequently Asked Questions

  • When was Purple founded?

    Purple was founded in 2010.

  • Who are Purple key executives?

    Purple's key executives are Joseph B. Megibow, Tony Pearce and Terry V. Pearce.

  • How many employees does Purple have?

    Purple has 620 employees.

  • What is Purple revenue?

    Latest Purple annual revenue is $648.5 m.

  • What is Purple revenue per employee?

    Latest Purple revenue per employee is $1 m.

  • Who are Purple competitors?

    Competitors of Purple include BedInABox, Project:ff&e and Indroyal.

  • Where is Purple headquarters?

    Purple headquarters is located at 4100 Chapel Ridge Rd #100, Lehi.

  • Where are Purple offices?

    Purple has offices in Lehi and Alpine.

  • How many offices does Purple have?

    Purple has 2 offices.