Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Purple Innovation, Inc.PRPL · consumer durables | |
|---|---|
| Grade |  Eweakest fifth of 460 graded peers; percentile 86.5, sampling error 2.3 points; lower is stronger |
| Rank | 398 of 460 |
| Profitability | Cpercentile 43.2 |
| Solvency | Dpercentile 72.2 |
| Growth and financing | Epercentile 83.3 |
| Reliability | 0.87 AUCfailure model, filers with $120M to $591M assets; 95% interval 0.83 to 0.90; 206 events, 2020 to 2025 |
| Peer failure rate | 1.03% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | $120M to $591M assetstotal assets $296.3M[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: dilution, distress |
| Inputs computable | 7 of 14 |
| Graded from | filings received through Mar 31, 2026192 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $1.882026-10-08; market equity $0; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 31, 2026; the document on sec.gov.
digitally-native vertical brand founded on comfort product innovation with premium offerings, and have since expanded into brick & mortar stores as a true omni-channel brand. We offer a variety of innovative, branded and premium comfort products, including mattresses, pillows, cushions, bases, sheets and more. Our products are the result of decades of innovation and investment in proprietary and patented comfort technologies and the development of our own manufacturing processes. Our proprietary Hyper-Elastic Polymer gel technology underpins many of our comfort products and provides a range of benefits that differentiate our products from our competitors.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 43.2 | |||||||
| Gross profitability | 63.6% | [1,3] | 34.4% | 15.6 | 476 | 2025-12-31 | |
| Return on invested capital | not computable | 8.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (5.8%) | [1,4-6] | (5.1%) | 45.6 | 525 | 2025-12-31 | |
| Gross margin stability, five years | 2.6 pts | [2-3,7-14] | 1.7 pts | 68.5 | 407 | 2025-12-31 | |
| Solvency, sleeve percentile 72.2 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-30 | |||||||
| Altman Z double-prime | (7.17) | [1,15-20] | 2.11 | 85.8 | 402 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 2.11x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 2.57x | |||||
| latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31 | |||||||
| Current ratio | 1.35x | [15-16] | 1.55x | 58.5 | 541 | 2025-12-31 | |
| Growth and financing, sleeve percentile 83.3 | |||||||
| Revenue growth, three-year compound | (6.5%) | [2,8,10,12] | 1.4% | 80.0 | 482 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 8.3% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 12.0% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (11.9%) | [1,6,21-22] | 2.0% | 86.6 | 487 | 2025-12-31 | |
| Net share issuance, one year | not computable | (0.3%) | |||||
| raw and split-adjusted prices do not align at 2018-01-31 | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.337; sampling error 2.3 percentile points on 460 peers.
Among 460 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 393 | Molson Coors Beverage Co. (TAP) Molson Coors Beverage Co. (TAP) Eweakest fifth; percentile 85.8 NYSE · Malt Beverages last close $37.92 No active warnings; 9 of 14 inputs | 85.8 | E | |
| 394 | Molson Coors Beverage Co. (TAP-A) Molson Coors Beverage Co. (TAP-A) Eweakest fifth; percentile 85.8 NYSE · Malt Beverages last close $40.31 No active warnings; 9 of 14 inputs | 85.8 | E | |
| 395 | Sportsman'S Warehouse Holdings, Inc. (SPWH) Sportsman'S Warehouse Holdings, Inc. (SPWH) Eweakest fifth; percentile 86.0 Nasdaq · Retail-Miscellaneous Shopping Goods Stores market equity $44.2M; last close $1.12 No active warnings; 11 of 14 inputs | 86.0 | E | |
| 396 | Xos, Inc. (XOS) Xos, Inc. (XOS) Eweakest fifth; percentile 86.3 Nasdaq · Motor Vehicle Parts & Accessories market equity $45.8M; last close $3.20 Warnings: dilution; 8 of 14 inputs | 86.3 | E | dilution |
| 397 | Petmed Express Inc. (PETS) Petmed Express Inc. (PETS) Eweakest fifth; percentile 86.4 Nasdaq · Retail-Drug Stores and Proprietary Stores market equity $27.7M; last close $1.27 Warnings: late filer; 7 of 14 inputs | 86.4 | E | late filer |
| 398 | Purple Innovation, Inc. (PRPL) Purple Innovation, Inc. (PRPL) Eweakest fifth; percentile 86.5 Nasdaq · Household Furniture last close $1.88 No active warnings; 7 of 14 inputs | 86.5 | E | |
| 399 | Tilly'S, Inc. (TLYS) Tilly'S, Inc. (TLYS) Eweakest fifth; percentile 86.8 NYSE · Retail-Apparel & Accessory Stores last close $4.43 No active warnings; 7 of 14 inputs | 86.8 | E | |
| 400 | Tyson Foods, Inc. (TSN) Tyson Foods, Inc. (TSN) Eweakest fifth; percentile 87.0 NYSE · Poultry Slaughtering and Processing last close $52.34 No active warnings; 10 of 14 inputs | 87.0 | E | |
| 401 | Bark, Inc. (BARK) Bark, Inc. (BARK) Eweakest fifth; percentile 87.2 NYSE · Retail-Retail Stores, NEC market equity $74.2M; last close $8.25 Warnings: fortress balance sheet; 8 of 14 inputs | 87.2 | E | fortress balance sheet |
| 402 | Greenlane Holdings, Inc. (GNLN) Greenlane Holdings, Inc. (GNLN) Eweakest fifth; percentile 87.5 Nasdaq · Wholesale-Durable Goods, NEC market equity $2.0M; last close $2.77 Warnings: short runway; 7 of 14 inputs | 87.5 | E | short runway |
| 403 | USA Today Co., Inc. (TDAY) USA Today Co., Inc. (TDAY) Eweakest fifth; percentile 87.8 NYSE · Newspapers: Publishing or Publishing & Printing market equity $1.0B; last close $6.98 No active warnings; 7 of 14 inputs | 87.8 | E |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | E | 86.2 | 2204 |
| sector peers, equal sleeves (the grade) | E | 86.5 | 460 |
| same exchange, equal sleeves | E | 83.9 | 1219 |
| sector peers, equal inputs | E | 82.6 | 460 |
Each letter is one fifth of the 460 graded peers, about 92 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (82.9%) | (0.2%) | 2 | hotter than 2 of 100 peers |
| Distance from 52-week high | (92.0%) | (25.6%) | 2 | closer to its high than 2 of 100 peers |
| EBIT to enterprise value | not computable | 5.0% | required accounting or market input is missing | |
| Free cash flow yield | not computable | 4.6% | required accounting or market input is missing | |
| Book value to price | not computable | 0.45 | required accounting or market input is missing | |
| Sales to price | not computable | 1.49 | required accounting or market input is missing | |
| Composite equity issuance, five years | not computable | (16.0%) | required accounting or market input is missing | |
| Relative strength against the sector, log excess return | (1.74) | (0.01) | 2 | ahead of 2 of 100 peers |
Inputs: EBIT -$43.0M; free cash flow -$41.9M; book equity -$63.8M; sales $468.7M; debt $126.7M; cash $23.3M[23].
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (16.7%) | ✗ fail[4,6] |
| Operating cash flow above zero | -$33.8M | ✗ fail[5] |
| Return on assets improved | 8.4 pts | ✓ pass[4,6,21,24] |
| Operating cash flow exceeds net income | $17.6M | ✓ pass[4-5] |
| Long-term leverage fell | 21.7 pts | ✗ fail[1,6,21,25-26] |
| Current ratio improved | 9.6 pts | ✓ pass[15-16,27-28] |
| No new shares issued | n/a[23,29] | |
| Gross margin improved | 3.1 pts | ✓ pass[2-3,7-8] |
| Asset turnover improved | 27.4 pts | ✓ pass[2,6,8,21] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $23.3M[30] |
| Operating cash flow, four quarters | -$3.1M[5,30-34] |
| Months of runway | 89.3 |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 59 |
| 10-Q received Aug 11, 2026 | |
| Median daily dollar volume | $124,433 |
| 63 sessions | |
| Days since newest grade input | 192 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $296.3M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:Revenues | $468.7M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $188.6M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | -$51.4M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$33.8M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $307.8M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $181.1M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:Revenues | $487.9M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $171.8M | 2023-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:Revenues | $510.5M | 2023-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $208.1M | 2022-12-31 | 2025-03-14 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:Revenues | $573.2M | 2022-12-31 | 2025-03-14 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $293.7M | 2021-12-31 | 2024-03-12 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:Revenues | $725.0M | 2021-12-31 | 2024-03-12 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $136.7M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $101.5M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$625.3M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | -$43.0M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | -$29.7M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $325.9M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 21 | assets | us-gaap:Assets | $390.6M | 2023-12-31 | 2025-03-14 | 10-K | filing · viewer · series |
| 22 | assets | us-gaap:Assets | $433.3M | 2022-12-31 | 2024-03-12 | 10-K | filing · viewer · series |
| 23 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 15,989,770 | 2018-01-31 | 2018-02-01 | 10-K | filing · viewer · series |
| 24 | net income | us-gaap:NetIncomeLoss | -$97.9M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 25 | long term debt | us-gaap:LongTermDebt | $126.7M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 26 | long term debt | us-gaap:LongTermDebt | $70.7M | 2024-12-31 | 2025-03-14 | 10-K | filing · viewer · series |
| 27 | current assets | us-gaap:AssetsCurrent | $126.4M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 28 | current liabilities | us-gaap:LiabilitiesCurrent | $101.0M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 29 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 19,406,250 | 2017-03-13 | 2017-03-14 | 10-K | filing · viewer · series |
| 30 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $23.3M | 2026-06-30 | 2026-08-11 | 10-Q | filing · viewer · series |
| 31 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $3.6M | 2026-06-30 | 2026-08-11 | 10-Q | filing · viewer · series |
| 32 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $3.0M | 2026-03-31 | 2026-04-28 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$28.0M | 2025-09-30 | 2025-11-04 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$27.1M | 2025-06-30 | 2026-08-11 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 86.5 is 6.5 points from the nearest band edge; sampling error is 2.3 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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