Purple Innovation Inc-A 2026年季度报告

FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _____________ TO _____________ Commission File Number:001-37523 PURPLE INNOVATION, INC.(Exact name of registrant as specified in its charter) Securities registered pursuant to Section12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Date File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of April 27, 2026, 108,825,636 shares of the registrant’s Class A common stock, $0.0001 par value per share, and 163,052 shares ofthe registrant’s Class B common stock, $0.0001 par value per share, were outstanding. PURPLE INNOVATION, INC. QUARTERLY REPORT ON FORM 10-Q TABLE OF CONTENTS PagePart I.Financial Information1Item 1.Financial Statements (Unaudited):1Condensed Consolidated Balance Sheets1Condensed Consolidated Statements of Operations2Condensed Consolidated Statements of Stockholders’ Equity3Condensed Consolidated Statements of Cash Flows4Notes to Condensed Consolidated Financial Statements5Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk35Item 4.Controls and Procedures35Part II.Other Information36Item 1.Legal Proceedings36Item 1A.Risk Factors36Item 5.Other Information36Item 6.Exhibits37Signatures38 PURPLE INNOVATION, INC.Condensed Consolidated Balance Sheets(unaudited – in thousands, except for par value) PURPLE INNOVATION, INC.Condensed Consolidated Statements of Operations(unaudited – in thousands, except per share amounts) PURPLE INNOVATION, INC.Notes to Condensed Consolidated Financial Statements(unaudited) 1. Organization The mission of Purple Innovation, Inc. (the “Company” or “Purple Inc.”) is to deliver the greatest sleep ever invented. The Company, collectively with its subsidiary Purple Innovation, LLC (“Purple LLC”) is an omni-channel business thatbegan as a digitally-native vertical brand founded on comfort product innovation with premium offerings, and have since expandedinto brick & mortar stores as a true omni-channel brand. The Company offers a variety of innovative, branded and premium comfortproducts, including mattresses, pillows, cushions, bases, sheets and other products. The Company markets and sells its productsthrough its direct-to-consumer e-commerce channels, retail brick-and-mortar wholesale partners, Purple showrooms, and third-partyonline retailers. The Company was incorporated in Delaware on May 19, 2015, as a special purpose acquisition company under the name ofGlobal Partnership Acquisition Corp (“GPAC”). On February 2, 2018, the Company consummated a transaction structured similar to areverse recapitalization (the “Business Combination”) pursuant to which the Company acquired a portion of the equity of Purple LLC.At the closing of the Business Combination (the “Closing”), the Company became the sole managing member of Purple LLC, andGPAC was renamed Purple Innovation, Inc. As the sole managing member of Purple LLC, Purple Inc. through its officers and directors is responsible for all operationaland administrative decision making and control of the day-to-day business affairs of Purple LLC without the approval of any othermember. 2. Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The unaudited condensed consolidated financial statements include the accounts of Purple Inc., its controlled subsidiaryPurple LLC, and Pu