Purple Innovation reported third-quarter 2026 net revenue of $96.5 million, an 18.7% decline from the prior-year period, driven by lower wholesale and direct-to-consumer sales. The company posted a GAAP net loss of $1.4 million, significantly improved from the $11.7 million loss in the same quarter last year, while adjusted EBITDA narrowed to a $0.5 million loss. Operating expenses fell 24.7% to $51.7 million due to reduced restructuring costs and lower marketing spend. The firm maintained its full-year revenue guidance of $420 million to $440 million and raised its adjusted EBITDA outlook to $15 million–$20 million, citing positive operating cash flow for the third consecutive quarter and preparations for a major product refresh in early 2027. Purple Innovation is a comfort innovation company that designs and sells mattresses, pillows, and bedding.
