Quick Answer
Purple Innovation, Inc. reported R&D Expense of $9.60 million for fiscal year 2025.
Purple Innovation, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $9.60M | -25.9% |
| 2024 | $12.96M | +8.9% |
| 2023 | $11.90M | +35.9% |
| 2022 | $8.76M | +26.2% |
| 2021 | $6.94M | +16.5% |
| 2020 | $5.96M | +54.1% |
| 2019 | $3.86M | +84.4% |
| 2018 | $2.10M | +51.0% |
| 2017 | $1.39M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $2.37M | -18.9% | +8.7% |
| June 30, 2025 | $2.18M | -45.4% | -11.2% |
| March 31, 2025 | $2.45M | -33.1% | -16.0% |
| September 30, 2024 | $2.92M | +8.0% | -26.7% |
| June 30, 2024 | $3.99M | +36.3% | +8.7% |
| March 31, 2024 | $3.67M | +8.7% | +35.6% |
| September 30, 2023 | $2.70M | +40.3% | -7.6% |
| June 30, 2023 | $2.92M | +67.3% | -13.3% |
- Purple Innovation, Inc. showed a decrease of -25.9% in R&D Expense compared to the prior fiscal year.
- Over the 2017–2025 period, Purple Innovation, Inc.’s r&d expense has grown by 592.4% (from $1.39 million to $9.60 million).
- The most recent figure is from Purple Innovation, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 31, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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