Purple Innovation, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Robert T. DeMartini
- Full Time Employees
- 1,200
- Sector
- Consumer Cyclical
- Industry
- Furnishings, Fixtures & Appliances
- Address
- 4100 North Chapel Ridge Road Lehi UT United States of America 84043
- IPO Date
- Oct 29, 2015
- CIK
- 0001643953
- Website
- purple.com
- Similar Companies
- Business
- Purple Innovation, Inc. (NYSE: PRPL) designs, manufactures, and sells premium comfort products powered by its proprietary GelFlex Grid technology, including mattresses such as the Purple Mattress, PurplePlus Mattress, and RestorePlus Hybrid Mattress; pillows; sheets; waterproof mattress protectors; adjustable bases and bed frames; seat cushions; blankets; duvets; foundations; platforms; pet beds; and other bedding accessories. The company, founded in 2010 and headquartered in Lehi, Utah, with manufacturing facilities in Utah and Georgia as well as showrooms across the United States, operates an omni-channel model encompassing direct-to-consumer e-commerce via Purple.com, retail brick-and-mortar wholesale partners like Mattress Firm, third-party online retailers, and company-owned showrooms, targeting consumers seeking innovative sleep solutions for pain relief, spinal alignment, cooling, and support in the United States and internationally. In recent developments, Purple consolidated its manufacturing operations in August 2024 by closing facilities outside Utah and Georgia to accelerate growth, plans a new Utah distribution center and capacity expansion at its Georgia plant while maintaining its Draper Innovation Center for R&D, reached an agreement in March 2024 with Tempur Sealy International resolving intellectual property disputes and securing a post-acquisition partnership framework with Mattress Firm including a minimum 12-month relationship extension, achieved positive adjusted EBITDA and cash flow in Q4 2024 amid a review of strategic alternatives launched in March 2025 following multiple buyer interests and a $19 million expansion of its credit facility to $80 million total, and continues investing in GelFlex Grid enhancements originally stemming from 1989 EdiZONE roots and milestones like the 2019 IntelliBed acquisition.
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