Purple Innovation, Inc. (PRPL) · Nov 4, 2026 · Earnings

Purple Innovation earnings miss as EBITDA guidance is cut again

Miss — Q3 revenue $96.5M; FY adjusted EBITDA guide cut to $15–20M from $20–25M

Purple Innovation’s earnings show better cash generation but worsening sales pressure, a gross-margin squeeze, and a lower 2026 EBITDA outlook.

Purple is trying to stabilize a shrinking mattress business by leaning harder on direct-to-consumer sales, cost reduction, and a major early-2027 product refresh, while wholesale remains the weak link. Its balance sheet is still highly constrained: the prior quarter disclosed substantial doubt about continuing as a going concern and debt maturity pressure within the next year.

The quarter missed on the operating story that matters most: sales. Revenue fell 18.7% to $96.5 million, with wholesale dropping to $35.6 million from $51.5 million and even direct-to-consumer revenue declining to $60.9 million from $67.2 million. The published Q3 revenue expectation was roughly $105.7 million, so the shortfall was broader than the company’s emphasis on improving e-commerce conversion suggests.

Metric	Q3 2026	Q3 2025	Consensus / prior guide
Revenue (Financial results)	$96.5M (-18.7%)	$118.8M	~$105.7M
Diluted EPS (Income Statement)	$(0.33)	$(2.71)	~$(1.09)
Gross margin (Financial results)	43.4%	47.6%
Adjusted EBITDA (Non-GAAP reconciliation)	$(0.5)M	$0.2M
Operating cash flow, YTD (Cash Flow statement)	$10.6M	$(28.0)M
FY adjusted EBITDA guide (Outlook)	$15–20M		$20–25M prior guide

The guidance cut is the clearest deterioration. Purple maintained its $420 million–$440 million revenue range, but reduced full-year adjusted EBITDA expectations from $20 million–$25 million to $15 million–$20 million. That signals that cost savings and cash generation are not fully offsetting weaker volume and margin pressure.

Cash generation improved, but it does not erase the financing problem. Year-to-date operating cash flow turned positive at $10.6 million, helped substantially by collecting receivables and reducing inventory, while cash ended at $28.3 million. But related-party debt of $135.1 million is now classified as current, and the company remains dependent on a successful product refresh and further financing or refinancing to navigate its debt burden.

The EPS improvement is not a clean operating win. GAAP loss narrowed sharply, but the quarter benefited from a $14.3 million favorable change in warrant liabilities, while adjusted EBITDA was still negative and gross margin deteriorated. The core business therefore remains under pressure even though reported EPS looks much better.

Bottom line: Purple is generating cash and preparing a meaningful product reset, but this quarter says the turnaround is still losing sales momentum and profitability. The lower EBITDA outlook makes the business story modestly worse, not better, despite the improved cash-flow headline.

What to watch next

Early-2027 Essentials and Hybrid product refresh

Original filing on SEC EDGAR

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AllSight · BlackBerry Q2 FY27

Revenue $163.3M vs ~$144M expected; adjusted basic EPS $0.07 vs ~$0.04 consensus — a real upside surprise.Income statement
QNX revenue +27% to $80.3M; segment EBITDA $29.0M from $20.5M. “Record performance… core automotive.”Segment — QNX
Licensing jumped to $22.1M from $6.6M — it amplified the beat, but it's less recurring than QNX, so the quality sits in QNX.Segment — Licensing
FY27 guide lifted to $616–636M rev / $141–158M EBITDA, above the prior $594–621M / $119–139M framework.Guidance
QNX growth, margins, cash and a raised outlook all beat. But licensing amplified it and Secure Comms is flat — net retention 91% from 93%.Segment — Secure Comms

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Events/ANDE/8-K · Earnings

8-K · Item 2.02 · Earnings

The Andersons — a record Renewables quarter that beat profit expectations

Filed Aug 3, 2026ANDE · NASDAQ

AllSight readBeatPriced in▲ 1.8% since filed · reaction agrees

adj. EPS $2.15 vs ~$1.48 consensus

This filing tests whether The Andersons' sharp profit increase reflects broad operating improvement or a one-off renewable-fuels boost. It also separates strong adjusted earnings and cash generation from the quarter's legal and impairment charges.

The quarter was substantially stronger than both last year and the published earnings expectation. Adjusted EPS reached $2.15, versus $0.24 a year earlier and above the published consensus of about $1.48; reported EPS was $1.65. Adjusted EBITDA more than doubled to $140 million, while sales slipped modestly — the improvement came from margins and operating performance rather than higher revenue. Financial Highlights · Statements of Operations

Q2 ($M, exc. per-share)	Q2 2026	Q2 2025	YoY
Sales & merchandising revenue	3,097.7	3,135.9	−1%
Net income (attributable)	56.6	7.9	+48.7
Diluted EPS	1.65	0.23	+1.42
Adjusted EPS	2.15	0.24	+1.91
Adjusted EBITDA	140.3	65.2	+75.1
Agribusiness adj. pretax	20.3	16.8	+3.5
Renewables adj. pretax	88.4	9.6	+78.8
Cash from operations	487.9	299.3	+188.6
Cash from ops (pre-WC)	112.9	42.9	+70.1

Renewables drove nearly all of the upside — the operating backdrop was strong, but the result also benefited materially from tax credits. Renewables' adjusted pretax income rose to $88 million on record production, stronger ethanol margins and merchandising gains. It also received $24 million of 45Z producer tax credits, so this was not solely a repeatable plant-margin improvement; the company did cite healthy export and domestic ethanol demand as supportive. Renewables — Record Q2 · Segment Data

Agribusiness improved, but it was a supporting contributor rather than the main earnings engine. Adjusted pretax income increased to $20 million as fertilizer margins improved and merchandising benefited from commodity-price volatility, despite lower fertilizer volumes. Agribusiness — Improved Q2 · Segment Data

Cash generation improved and funding capacity is comfortable, while reported earnings still absorbed meaningful non-core costs. Operating cash flow was $488 million ($113 million before working-capital changes); capital spending was $76 million. Adjusted EPS excludes $0.50 of legal-settlement, impairment and transaction items, so the $2.15 adjusted result runs ahead of the $1.65 reported. Leverage stays below the <2.5× debt-to-EBITDA target; no new quantified full-year outlook was given. Cash & Liquidity · Adjusted Net Income

Community sentiment · 612 votes

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Purple Innovation earnings miss as EBITDA guidance is cut again

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