Purple Innovation Reports Q1 2026 Earnings with Revenue Adjustment and Margin Decline
Purple Innovation reported Q1 2026 revenue of $95.7M, adjusted for an accounting-related wholesale reclassification, with a year-over-year decline of 8.1%. The company maintained its Adjusted EBITDA guidance but cut full-year revenue expectations. Gross margin fell to 36.8% due to floor-model investments and weaker overhead absorption, though management expects a rebound to 40% by H2.
Topics: channel performance earnings executive changes guidance margin revenue