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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 24,955 $ 24,345
Accounts receivable, net 21,143 41,272
Inventories 58,088 59,725
Prepaid expenses 5,829 5,487
Other current assets 5,562 5,891
Total current assets 115,577 136,720
Property and equipment, net 75,833 77,961
Operating lease right-of-use assets 67,085 67,271
Intangible assets, net 6,152 6,346
Other long-term assets 7,340 7,961
Total assets 271,987 296,259
Current liabilities:    
Accounts payable 41,992 40,312
Accrued compensation 5,913 7,673
Customer prepayments 4,738 5,276
Accrued rebates and allowances 8,573 13,416
Accrued warranty liabilities – current portion 7,498 7,141
Operating lease obligations – current portion 16,902 17,366
Other current liabilities 7,597 10,339
Total current liabilities 93,213 101,523
Related party debt 119,199 111,305
Accrued warranty liabilities, net of current portion 19,981 19,570
Operating lease obligations, net of current portion 74,997 75,616
Warrant liabilities 23,108 16,150
Other long-term liabilities 1,629 1,764
Total liabilities 332,127 325,928
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Additional paid-in capital 595,687 595,582
Accumulated deficit (655,821) (625,280)
Total stockholders’ equity (deficit) attributable to Purple Innovation, Inc. (60,123) (29,687)
Noncontrolling interest (17) 18
Total stockholders’ equity (deficit) (60,140) (29,669)
Total liabilities and stockholders’ equity (deficit) 271,987 296,259
Class A Common Stock    
Stockholders’ equity (deficit):    
Common stock, value 11 11
Class B Common Stock    
Stockholders’ equity (deficit):    
Common stock, value