Purple Innovation (PRPL) Expected to Announce Earnings on Tuesday

Purple Innovation (NASDAQ:PRPL) is expected to be announcing its Q2 2026 results before the market opens on Tuesday, August 4th. Analysts expect the company to announce earnings of ($1.8396) per share and revenue of $103.89 million for the quarter. Investors are encouraged to explore the company’s upcoming Q2 2026 earning report page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 4:30 PM ET.

Purple Innovation (NASDAQ:PRPL) last announced its quarterly earnings data on Tuesday, April 28th. The company reported ($3.25) EPS for the quarter, meeting analysts’ consensus estimates of ($3.25). The firm had revenue of $95.73 million during the quarter, compared to the consensus estimate of $100.92 million. On average, analysts expect Purple Innovation to post $-7 EPS for the current fiscal year and $-6 EPS for the next fiscal year.

Purple Innovation Price Performance

Shares of NASDAQ PRPL traded down $0.13 during midday trading on Tuesday, hitting $8.09. The stock had a trading volume of 3,916 shares, compared to its average volume of 13,209. The firm has a market cap of $35.26 million, a P/E ratio of -0.56 and a beta of 1.46. Purple Innovation has a fifty-two week low of $6.12 and a fifty-two week high of $31.50. The company’s 50-day simple moving average is $9.32 and its 200 day simple moving average is $13.89.

Insider Activity

In related news, CFO Robert Gerard Lucian purchased 2,400 shares of the stock in a transaction dated Monday, May 4th. The stock was bought at an average cost of $12.25 per share, with a total value of $29,400.00. Following the purchase, the chief financial officer directly owned 2,400 shares in the company, valued at $29,400. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders own 54.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. acquired a new position in Purple Innovation during the third quarter valued at approximately $757,000. Wasatch Advisors LP boosted its position in shares of Purple Innovation by 16.1% during the second quarter. Wasatch Advisors LP now owns 4,627,934 shares of the company’s stock worth $3,375,000 after purchasing an additional 641,697 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Purple Innovation during the second quarter worth $253,000. Marshall Wace LLP acquired a new position in shares of Purple Innovation in the 2nd quarter valued at $128,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Purple Innovation in the 3rd quarter valued at $135,000. Institutional investors own 88.41% of the company’s stock.

Wall Street Analysts Forecast Growth

PRPL has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Purple Innovation in a report on Friday, July 17th. UBS Group dropped their price objective on Purple Innovation from $21.25 to $16.25 and set a “neutral” rating for the company in a report on Wednesday, April 29th. Wall Street Zen downgraded shares of Purple Innovation from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 9th. Finally, KeyCorp lowered shares of Purple Innovation from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, April 28th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $16.25.

About Purple Innovation

Purple Innovation, Inc is a consumer products company specializing in the design, development and manufacture of comfort technology for the sleep and home furnishings markets. Best known for its proprietary Hyper-Elastic Polymer “Grid” technology, the company engineers mattresses, pillows and cushions that aim to combine pressure relief, support and temperature neutrality. Purple offers an array of sleep products alongside related lifestyle and wellness solutions.

The company’s product portfolio includes mattress models in various sizes and thicknesses, adjustable bed frames, pillows, sheets and mattress protectors, as well as seat cushions and pet beds.