2023 Q4 Form 10-K Financial Statement

#000121390024021861 Filed on March 12, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q1 2023
Revenue $145.9M $109.4M $510.5M
YoY Change 0.56% -23.61% -11.32%
Cost Of Revenue $97.47M $66.15M $338.7M
YoY Change 3.26% -27.75% -7.23%
Gross Profit $48.46M $43.22M $171.8M
YoY Change -4.47% -16.28% -18.4%
Gross Profit Margin 33.21% 39.52% 33.66%
Selling, General & Admin $61.76M $61.84M $266.8M
YoY Change 4.83% -8.85% 10.19%
% of Gross Profit 127.44% 143.07% 155.25%
Research & Development $2.897M $3.372M $11.90M
YoY Change -1.36% 57.35% 35.9%
% of Gross Profit 5.98% 7.8% 6.92%
Depreciation & Amortization $6.143M $6.883M $25.11M
YoY Change 16.3% 79.15% 43.57%
% of Gross Profit 12.68% 15.92% 14.61%
Operating Expenses $64.66M $65.21M $278.7M
YoY Change 4.53% -6.83% 11.09%
Operating Profit -$16.20M -$21.99M -$106.8M
YoY Change 45.6% 19.74% 165.34%
Interest Expense -$819.0K $202.0K -$1.967M
YoY Change -15.31% -93.05% -343.74%
% of Operating Profit
Other Income/Expense, Net -$1.513M -$1.346M -$2.398M
YoY Change -100.94% -8017.65% -101.48%
Pretax Income -$18.53M -$23.34M -$121.2M
YoY Change -112.41% 51.11% -198.59%
Income Tax -$154.0K $72.00K $8.000K
% Of Pretax Income
Net Earnings -$18.33M -$23.30M -$120.8M
YoY Change -73.86% 72.57% 34.64%
Net Earnings / Revenue -12.56% -21.3% -23.65%
Basic Earnings Per Share -$0.24 -$1.17
Diluted Earnings Per Share -$0.17 -$0.24 -$1.17
COMMON SHARES
Basic Shares Outstanding 98.40K shares 103.6M shares
Diluted Shares Outstanding 98.85K shares 103.9M shares

Balance Sheet

Concept 2023 Q4 2023 Q1 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.86M $54.53M $26.86M
YoY Change -35.68% -13.03% -35.68%
Cash & Equivalents $26.86M $54.53M $26.86M
Short-Term Investments
Other Short-Term Assets $10.27M $4.598M $10.27M
YoY Change -13.95% -63.92% -13.95%
Inventory $66.88M $87.68M $66.88M
Prepaid Expenses $8.536M $7.537M
Receivables $37.80M $14.44M $37.80M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $141.8M $168.8M $141.8M
YoY Change -12.17% -19.73% -12.17%
LONG-TERM ASSETS
Property, Plant & Equipment $224.4M $134.1M $224.4M
YoY Change -6.18% -31.42% -6.18%
Goodwill $4.897M
YoY Change
Intangibles $22.20M $24.30M
YoY Change -15.35%
Long-Term Investments
YoY Change
Other Assets $2.191M $2.856M $2.191M
YoY Change 41.72% -98.71% 41.72%
Total Long-Term Assets $248.8M $267.7M $248.8M
YoY Change -8.48% -37.83% -8.48%
TOTAL ASSETS
Total Short-Term Assets $141.8M $168.8M $141.8M
Total Long-Term Assets $248.8M $267.7M $248.8M
Total Assets $390.6M $436.5M $390.6M
YoY Change -9.86% -31.89% -9.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $49.83M $46.84M $49.83M
YoY Change 7.3% -25.52% 7.3%
Accrued Expenses $50.80M $37.89M $50.80M
YoY Change 32.68% -4.53% 32.68%
Deferred Revenue $5.700M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.129M $2.129M
YoY Change
Total Short-Term Liabilities $111.0M $89.60M $111.0M
YoY Change 11.63% -19.55% 11.63%
LONG-TERM LIABILITIES
Long-Term Debt $26.91M $26.91M
YoY Change 24.87% 24.87%
Other Long-Term Liabilities $137.1M $17.75M $137.1M
YoY Change 2.74% -93.32% 2.74%
Total Long-Term Liabilities $164.0M $17.75M $164.0M
YoY Change 5.81% -94.15% 5.81%
TOTAL LIABILITIES
Total Short-Term Liabilities $111.0M $89.60M $111.0M
Total Long-Term Liabilities $164.0M $17.75M $164.0M
Total Liabilities $275.2M $222.7M $275.2M
YoY Change 7.77% -46.41% 7.77%
SHAREHOLDERS EQUITY
Retained Earnings -$476.0M -$374.8M
YoY Change 35.41%
Common Stock $591.4M $11.00K
YoY Change 6570788.89%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $115.4M $213.0M $115.4M
YoY Change
Total Liabilities & Shareholders Equity $390.6M $436.5M $390.6M
YoY Change -9.86% -31.89% -9.86%

Cashflow Statement

Concept 2023 Q4 2023 Q1 2023
OPERATING ACTIVITIES
Net Income -$18.33M -$23.30M -$120.8M
YoY Change -73.86% 72.57% 34.64%
Depreciation, Depletion And Amortization $6.143M $6.883M $25.11M
YoY Change 16.3% 79.15% 43.57%
Cash From Operating Activities $1.146M -$13.50M -$54.66M
YoY Change -32.63% -69.51% 89.98%
INVESTING ACTIVITIES
Capital Expenditures $5.878M $2.943M $15.24M
YoY Change 43.3% -122.5% -60.08%
Acquisitions
YoY Change
Other Investing Activities $4.000K -$826.0K
YoY Change -66.67% -122.57%
Cash From Investing Activities -$5.878M -$3.098M -$16.06M
YoY Change 43.72% -76.31% -53.45%
FINANCING ACTIVITIES
Cash Dividend Paid $100.0K
YoY Change
Common Stock Issuance & Retirement, Net $60.30M
YoY Change -38.7%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.983M $29.38M 55.83M
YoY Change -133.22% 3.29% 316.24%
NET CHANGE
Cash From Operating Activities 1.146M -$13.50M -54.66M
Cash From Investing Activities -5.878M -$3.098M -16.06M
Cash From Financing Activities 4.983M $29.38M 55.83M
Net Change In Cash 251.0K $12.78M -14.90M
YoY Change -101.44% -144.18% -70.12%
FREE CASH FLOW
Cash From Operating Activities $1.146M -$13.50M -$54.66M
Capital Expenditures $5.878M $2.943M $15.24M
Free Cash Flow -$4.732M -$16.45M -$69.90M
YoY Change 97.08% -47.29% 4.43%

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CY2022 us-gaap Stock Issued During Period Value Acquisitions
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CY2023 us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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4875000 usd
CY2023 us-gaap Adjustments To Additional Paid In Capital Increase In Carrying Amount Of Redeemable Preferred Stock
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CY2023 prpl Issuance Of Stock Upon Underwritten Offering Net Of Costs
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CY2023 prpl Stock Issued During Period Value Escrow Shares Cancelled In Connection With Intellibed Acquisition
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CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023 us-gaap Profit Loss
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CY2022 us-gaap Profit Loss
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CY2021 us-gaap Profit Loss
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2948000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
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25106000 usd
CY2022 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17487000 usd
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
9473000 usd
CY2023 us-gaap Other Noncash Expense
OtherNoncashExpense
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CY2022 us-gaap Other Noncash Expense
OtherNoncashExpense
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CY2021 us-gaap Other Noncash Expense
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517000 usd
CY2023 us-gaap Goodwill Impairment Loss
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6879000 usd
CY2023 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2022 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2021 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2022 prpl Tax Receivable Agreement Income
TaxReceivableAgreementIncome
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CY2021 prpl Tax Receivable Agreement Income
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CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
4875000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
3366000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
3366000 usd
CY2022 prpl Gain From Effective Settlement Of Preexisting Relationship
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1421000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
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213548000 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2023 us-gaap Increase Decrease In Accounts Receivable
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3651000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
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4112000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3681000 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-5903000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-28956000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
32964000 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1574000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
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1404000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
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7709000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
2159000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
4382000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-33609000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6796000 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
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1266000 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
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CY2021 us-gaap Increase Decrease In Contract With Customer Liability
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4601000 usd
CY2023 prpl Increase Decrease Accrued Rebates And Allowances
IncreaseDecreaseAccruedRebatesAndAllowances
3439000 usd
CY2022 prpl Increase Decrease Accrued Rebates And Allowances
IncreaseDecreaseAccruedRebatesAndAllowances
-365000 usd
CY2021 prpl Increase Decrease Accrued Rebates And Allowances
IncreaseDecreaseAccruedRebatesAndAllowances
-722000 usd
CY2023 prpl Increase Decrease In Accrued Warranty Liabilities
IncreaseDecreaseInAccruedWarrantyLiabilities
11128000 usd
CY2022 prpl Increase Decrease In Accrued Warranty Liabilities
IncreaseDecreaseInAccruedWarrantyLiabilities
6854000 usd
CY2021 prpl Increase Decrease In Accrued Warranty Liabilities
IncreaseDecreaseInAccruedWarrantyLiabilities
8195000 usd
CY2023 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
-3000000 usd
CY2022 us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
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CY2021 us-gaap Increase Decrease In Other Accrued Liabilities
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
-3660000 usd
CY2023 prpl Excess Restricted Cash Returned To Acquiree
ExcessRestrictedCashReturnedToAcquiree
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CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14391000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53938000 usd
CY2023 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
844000 usd
CY2022 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
2785000 usd
CY2021 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
3121000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2023 us-gaap Proceeds From Short Term Debt
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25000000 usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
17000000 usd
CY2021 us-gaap Proceeds From Lines Of Credit
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55000000 usd
CY2023 us-gaap Repayments Of Debt
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CY2022 us-gaap Repayments Of Debt
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CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
2250000 usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
12000000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
55000000 usd
CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
60300000 usd
CY2022 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
98210000 usd
CY2023 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
3301000 usd
CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
5344000 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
116000 usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
166000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1418000 usd
CY2023 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
6143000 usd
CY2022 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
1242000 usd
CY2023 us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
105000 usd
CY2023 prpl Tax Receivable Agreement Liabilities
TaxReceivableAgreementLiabilities
269000 usd
CY2022 prpl Tax Receivable Agreement Liabilities
TaxReceivableAgreementLiabilities
5847000 usd
CY2021 prpl Tax Receivable Agreement Liabilities
TaxReceivableAgreementLiabilities
628000 usd
CY2021 prpl Proceeds From Inno Hold Indemnification Payment
ProceedsFromInnoHoldIndemnificationPayment
4142000 usd
CY2021 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
1175000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
55826000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13412000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
56623000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-14897000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-49862000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-31339000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41754000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91616000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
122955000 usd
CY2022 prpl Cash Paid During The Period For Interest Net Amounts Capitalized
CashPaidDuringThePeriodForInterestNetAmountsCapitalized
-2693000 usd
CY2021 prpl Cash Paid During The Period For Interest Net Amounts Capitalized
CashPaidDuringThePeriodForInterestNetAmountsCapitalized
-999000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-385000 usd
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-303000 usd
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-4645000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
26857000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41754000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91616000 usd
CY2023 prpl Cash Paid During The Period For Interest Net Amounts Capitalized
CashPaidDuringThePeriodForInterestNetAmountsCapitalized
-189000 usd
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3232000 usd
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
4162000 usd
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6443000 usd
CY2022 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
26106000 usd
CY2023 prpl Escorw Shares Cancelled In Connection With Intellibed Acquisition
EscorwSharesCancelledInConnectionWithIntellibedAcquisition
118000 usd
CY2021 prpl Noncash Leasehold Improvements
NoncashLeaseholdImprovements
3238000 usd
CY2022 prpl Accrued Distributions
AccruedDistributions
228000 usd
CY2021 prpl Accrued Distributions
AccruedDistributions
401000 usd
CY2021 prpl Tax Receivable Agreement Liability
TaxReceivableAgreementLiability
760000 usd
CY2021 prpl Deferred Income Taxes
DeferredIncomeTaxes
2937000 usd
CY2021 prpl Exercise Of Liability Warrants
ExerciseOfLiabilityWarrants
64311000 usd
CY2023 prpl Common Units Percentage
CommonUnitsPercentage
0.998 pure
CY2023 us-gaap Variable Interest Entity Similar Entity Aggregation Description
VariableInterestEntitySimilarEntityAggregationDescription
At December 31, 2023, Purple Inc. had a 99.8% economic interest in Purple LLC and consolidated 100% of Purple LLC’s assets, liabilities and results of operations in the Company’s consolidated financial statements contained herein. The holders of Class B Units held 0.2% of the economic interest in Purple LLC as of December 31, 2023.
CY2023 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Reclassification</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Certain prior year amounts in the consolidated financial statements have been reclassified to conform to the current year presentation with no effect on previously reported net (loss) income, cash flows or stockholders’ equity. Accrued warranty liabilities, previously included in the consolidated balance sheet within other current liabilities and other long-term liabilities, net of current portion, are now presented separately. Also, the change in accrued warranty liabilities, previously reflected in the consolidated statement of cash flows within the change in other accrued liabilities, is now presented separately. In addition, accrued sales returns, accrued compensation and accrued sales and use tax, previously presented separately in the consolidated balance sheet, are now included within other current liabilities. Correspondingly, the changes in accrued sales returns and accrued compensation, previously reflected separately in the consolidated statement of cash flows, are now presented within the change in other current liabilities.</p>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) and reflect the financial position, results of operations and cash flows of the Company. The preparation of consolidated financial statements in conformity with GAAP requires the Company to establish accounting policies and to make estimates and judgments that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for making judgments about the carrying values of assets and liabilities. The Company regularly makes estimates and assumptions including, but not limited to, estimates that affect revenue recognition, accounts receivable and allowance for credit losses, valuation of inventories, sales returns, warranty returns, fair value of assets acquired and liabilities assumed in a business combination, impairment reviews of long-lived assets and definite-lived intangible assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable, warrant liabilities, stock based compensation, the recognition and measurement of loss contingencies, estimates of current and deferred income taxes, deferred income tax valuation allowances, and amounts associated with the Company’s tax receivable agreement with InnoHold, LLC (“InnoHold”). Predicting future events is inherently an imprecise activity and, as such, requires the use of judgment. Actual results could differ materially from those estimates.</p>
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1700000 usd
CY2023Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P12M
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6900000 usd
CY2023Q4 us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
P3Y
CY2023 us-gaap Advertising Expense
AdvertisingExpense
63800000 usd
CY2022 us-gaap Advertising Expense
AdvertisingExpense
61000000 usd
CY2021 us-gaap Advertising Expense
AdvertisingExpense
149800000 usd
CY2022Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
5107000 usd
CY2021Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
7116000 usd
CY2020Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
8428000 usd
CY2023 prpl Additions That Reduced Net Revenue
AdditionsThatReducedNetRevenue
34090000 usd
CY2022 prpl Additions That Reduced Net Revenue
AdditionsThatReducedNetRevenue
35479000 usd
CY2021 prpl Additions That Reduced Net Revenue
AdditionsThatReducedNetRevenue
45561000 usd
CY2023 prpl Deduction From Reserves For Current Year Returns
DeductionFromReservesForCurrentYearReturns
-33793000 usd
CY2022 prpl Deduction From Reserves For Current Year Returns
DeductionFromReservesForCurrentYearReturns
-37488000 usd
CY2021 prpl Deduction From Reserves For Current Year Returns
DeductionFromReservesForCurrentYearReturns
-46873000 usd
CY2023Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
5404000 usd
CY2022Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
5107000 usd
CY2021Q4 us-gaap Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
7116000 usd
CY2023Q4 us-gaap Defined Benefit Plan Funded Percentage
DefinedBenefitPlanFundedPercentage
0.50 pure
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.80 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies Other
EffectiveIncomeTaxRateReconciliationTaxContingenciesOther
0.80 pure
CY2022 us-gaap Other Nonoperating Income
OtherNonoperatingIncome
1400000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3300000 usd
CY2023Q1 prpl Proceeds From Underwritten Offering
ProceedsFromUnderwrittenOffering
57000000 usd
CY2022Q1 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
6.1
CY2022Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5300000 usd
CY2022Q1 prpl Proceeds From Underwritten Offering
ProceedsFromUnderwrittenOffering
92900000 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired Goodwill And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredGoodwillAndLiabilitiesAssumedNet
28200000 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilitiesOther
23069000 usd
CY2023Q4 prpl Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Fair Value Of Common Stock Held In Escrow
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFairValueOfCommonStockHeldInEscrow
1349000 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Contingent Liability
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedContingentLiability
1471000 usd
CY2023Q4 prpl Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Fair Value Of Effective Settlement Of Preexisting Relationships
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedFairValueOfEffectiveSettlementOfPreexistingRelationships
1672000 usd
CY2023Q4 prpl Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Transaction Expenses Paid On Behalf Of Intellibed
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTransactionExpensesPaidOnBehalfOfIntellibed
546000 usd
CY2023Q4 prpl Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Due To Seller
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedDueToSeller
75000 usd
CY2023Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
-28182000 usd
CY2023 us-gaap Business Combination Control Obtained Description
BusinessCombinationControlObtainedDescription
The fair value of common stock issued at closing consisted of approximately 8.1 million shares of Class A common stock valued using the acquisition date closing price of $2.86. The fair value of common stock held in escrow consisted of 0.5 million shares of Class A common stock valued using the acquisition date closing price of $2.86. These shares were originally held in escrow pending resolution of net working capital adjustments and certain indemnification matters.
CY2023Q4 us-gaap Business Combination Acquired Receivables Fair Value
BusinessCombinationAcquiredReceivablesFairValue
1400000 usd
CY2023 prpl Fair Value Acquisition Amount
FairValueAcquisitionAmount
300000 usd
CY2022Q4 us-gaap Business Combination Acquired Receivables Fair Value
BusinessCombinationAcquiredReceivablesFairValue
300000 usd
CY2023 prpl Measurement Period
MeasurementPeriod
P1Y
CY2023Q4 us-gaap Business Combination Assets And Liabilities Arising From Contingencies Amount Recognized Other Than At Fair Value
BusinessCombinationAssetsAndLiabilitiesArisingFromContingenciesAmountRecognizedOtherThanAtFairValue
100000 usd
CY2023 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
6900000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
1700000 usd
CY2023 prpl Business Acquisition Escrow Account Balance Description
BusinessAcquisitionEscrowAccountBalanceDescription
The Company recorded the escrow account balance of $1.7 million as an acquired restricted cash balance on the date of acquisition and used $0.9 million of the escrow account balance for actual expenses incurred. The excess escrow balance of $0.8 million was returned by the Company to the previous shareholders of Intellibed during the third quarter of 2023.
CY2022 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
603739000 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
773658000 usd
CY2022 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-86119000 usd
CY2021 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
11680000 usd
CY2022 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
1500000 usd
CY2021 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
600000 usd
CY2023Q4 us-gaap Customer Advances Current
CustomerAdvancesCurrent
5700000 usd
CY2022Q4 us-gaap Customer Advances Current
CustomerAdvancesCurrent
4500000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
23232000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
31167000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5962000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
2259000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
37684000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
39771000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
66878000 usd
CY2022Q4 us-gaap Inventory Net
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181885000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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35756000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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128661000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Operating Lease Cost
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CY2021 us-gaap Operating Lease Cost
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CY2023 us-gaap Variable Lease Cost
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CY2022 us-gaap Variable Lease Cost
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CY2021 us-gaap Variable Lease Cost
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CY2021 us-gaap Short Term Lease Cost
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CY2022Q4 us-gaap Lessee Operating Lease Remaining Lease Term
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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19577000 usd
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
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31020000 usd
CY2023Q4 us-gaap Operating Lease Liability
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123937000 usd
CY2023 prpl Operating Lease Liability Undiscounted Cash Flows
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21500000 usd
CY2023 prpl Tenant Improvement Allowances
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1100000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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P8Y9M18D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
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0.0551 pure
CY2022 us-gaap Operating Lease Payments
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CY2021 us-gaap Operating Lease Payments
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CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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31567000 usd
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100000 usd
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400000 usd
CY2021 us-gaap Results Of Operations Accretion Of Asset Retirement Obligations
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100000 usd
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2200000 usd
CY2022 us-gaap Asset Retirement Obligation Liabilities Incurred
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2100000 usd
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29329000 usd
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IntangibleAssetsAccumulatedAmortization
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22196000 usd
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IntangibleAssetsGrossExcludingGoodwill
28087000 usd
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IntangibleAssetsAccumulatedAmortization
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IntangibleAssetsNetExcludingGoodwill
26221000 usd
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AmortizationOfIntangibleAssets
5300000 usd
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AmortizationOfIntangibleAssets
1200000 usd
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000 usd
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FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
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FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
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CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
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FiniteLivedIntangibleAssetsNet
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CY2023Q4 us-gaap Accrued Sales Commission Current And Noncurrent
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CY2022Q4 us-gaap Accrued Sales Commission Current And Noncurrent
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CY2022Q4 us-gaap Employee Related Liabilities Current
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CY2023Q4 prpl Longterm Debt And Unamortized Issuance Costs Current
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CY2023Q4 us-gaap Sales And Excise Tax Payable Current
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1949000 usd
CY2022Q4 us-gaap Sales And Excise Tax Payable Current
SalesAndExciseTaxPayableCurrent
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CY2023Q4 us-gaap Accrued Insurance Current
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CY2022Q4 us-gaap Accrued Insurance Current
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1010000 usd
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CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2022Q4 prpl Accrued Sales Tax Liability Assumed In Acquisition Current
AccruedSalesTaxLiabilityAssumedInAcquisitionCurrent
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CY2022Q4 prpl Accruedtax Receivable Agreement Liability Current
AccruedtaxReceivableAgreementLiabilityCurrent
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OtherAccruedLiabilitiesCurrent
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CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1106000 usd
CY2023Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
17554000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
17921000 usd
CY2023Q4 us-gaap Secured Debt
SecuredDebt
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CY2022Q4 us-gaap Secured Debt
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CY2023Q4 us-gaap Long Term Line Of Credit
LongTermLineOfCredit
5000000 usd
CY2023Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
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CY2022Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
999000 usd
CY2023Q4 us-gaap Debt Current
DebtCurrent
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CY2022Q4 us-gaap Debt Current
DebtCurrent
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CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
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CY2023Q4 us-gaap Long Term Debt Noncurrent
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CY2022Q4 us-gaap Long Term Debt Noncurrent
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CY2023Q4 us-gaap Financing Receivable Revolving
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CY2023Q4 us-gaap Bad Debt Reserve For Tax Purposes Of Qualified Lender
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CY2023 us-gaap Line Of Credit Facility Average Outstanding Amount
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CY2023 us-gaap Line Of Credit Facility Description
LineOfCreditFacilityDescription
(i) SOFR, plus a credit spread adjustment of 0.10% per annum, plus 2.75% per annum to (ii) SOFR, plus a credit spread adjustment of 0.10% per annum, plus 3.25% per annum, with a SOFR floor of 0% per annum.
CY2023Q1 us-gaap Long Term Debt Average Amount Outstanding
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CY2023Q1 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
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CY2023Q1 us-gaap Deferred Finance Costs Current Net
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CY2023Q1 prpl Aggregate Amount
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CY2022 us-gaap Interest Expense Debt
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CY2021 us-gaap Interest Expense Debt
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
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CY2023Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
25000000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
30000000 usd
CY2023 us-gaap Stockholders Equity Other Shares
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1 shares
CY2023 prpl Schedule Of Fair Value Of Incremental Warrants
ScheduleOfFairValueOfIncrementalWarrants
The Company determined the fair value of the sponsor warrants using a Black-Scholes model with the following assumptions:<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%; text-align: left">Trading price of common stock on measurement date</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">4.79</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">13.27</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td>Exercise price</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">5.75</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">5.75</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Risk free interest rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4.04</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.39</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Warrant life in years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.1</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1.1</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Expected volatility</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">80.59</td><td style="text-align: left">%</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">73.78</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Expected dividend yield</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-190">—</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-191">—</div></td><td style="text-align: left"> </td></tr> </table>
CY2022Q4 us-gaap Share Price
SharePrice
4.79
CY2021Q4 us-gaap Share Price
SharePrice
13.27
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
5.75
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
5.75
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0404 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y1M6D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8059 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2022 us-gaap Business Combination Separately Recognized Transactions Revenues And Gains Recognized
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4300000 usd
CY2021 us-gaap Business Combination Separately Recognized Transactions Revenues And Gains Recognized
BusinessCombinationSeparatelyRecognizedTransactionsRevenuesAndGainsRecognized
24100000 usd
CY2023 prpl Net Taxable Income Percentage
NetTaxableIncomePercentage
0.45 pure
CY2023 prpl Tax Distributions
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1200000 usd
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IncomeTaxExaminationInterestAccrued
100000 usd
CY2023Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
100000 usd
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3300000 shares
CY2021Q2 prpl Investors Price Per Share
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30
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7900000 usd
CY2023 prpl Securities Exchanged For Shares
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0.2 shares
CY2022 prpl Securities Exchanged For Shares
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100 shares
CY2023Q4 us-gaap Liability For Claims And Claims Adjustment Expense
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3300000 usd
CY2022Q2 prpl Seeks Over Damages
SeeksOverDamages
100000 usd
CY2022Q2 us-gaap Professional And Contract Services Expense
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CY2023 prpl Warrants Description
WarrantsDescription
The Class B common stock is not entitled to receive dividends, if declared by the Board, or to receive any portion of any such assets in respect of their shares upon liquidation, dissolution, distribution of assets or winding-up of the Company in excess of the par value of such stock.
CY2023Q4 us-gaap Preferred Stock Shares Authorized
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5000000 shares
CY2023Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.0001
CY2022Q3 us-gaap Preferred Stock Value
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300000 usd
CY2021 prpl Warrants Issued
WarrantsIssued
6600000 shares
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CY2023 prpl Combined Non Controlling Interest Percentage
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0.002 pure
CY2022 prpl Combined Non Controlling Interest Percentage
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CY2021 us-gaap Net Income Loss
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-24054000 usd
CY2023 prpl Net Income Loss Attributable To Noncontrolling Interest Excluding Antidilutive
NetIncomeLossAttributableToNoncontrollingInterestExcludingAntidilutive
-458000 usd
CY2021 prpl Net Income Loss Attributable To Noncontrolling Interest Excluding Antidilutive
NetIncomeLossAttributableToNoncontrollingInterestExcludingAntidilutive
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CY2023 us-gaap Net Income Loss Available To Common Stockholders Diluted
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CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-92470000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
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CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
81779000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65928000 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
920000 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
334000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
454000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103936000 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81779000 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
67302000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.17
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.13
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.17
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.13
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
CY2023 prpl Shares Of Common Stock Issuable Upon Conversion Of Warrant
SharesOfCommonStockIssuableUponConversionOfWarrant
3900000 shares
CY2022 prpl Shares Of Common Stock Issuable Upon Conversion Of Warrant
SharesOfCommonStockIssuableUponConversionOfWarrant
3500000 shares
CY2022 prpl Shares Of Common Stock Paired Securities Convertible
SharesOfCommonStockPairedSecuritiesConvertible
400000 shares
CY2021 prpl Shares Of Common Stock Issuable Upon Conversion Of Warrant
SharesOfCommonStockIssuableUponConversionOfWarrant
2600000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
863000 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P2Y2M12D
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
526000 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P1Y6M
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
307000 shares
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
2.84
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
295000 shares
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.22
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
232000 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
2.55
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
33000 shares
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
5.69
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
337000 shares
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.41
CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
100000 usd
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
EmployeeServiceShareBasedCompensationTaxBenefitFromExerciseOfStockOptions
2700000 usd
CY2023 prpl Fair Value Of Stock Options Vested
FairValueOfStockOptionsVested
600000 usd
CY2022 prpl Fair Value Of Stock Options Vested
FairValueOfStockOptionsVested
700000 usd
CY2021 prpl Fair Value Of Stock Options Vested
FairValueOfStockOptionsVested
1900000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
4.72
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
18.18
CY2023 prpl Total Noncash Stock Compensation And Associated Line Item On Statement Of Operations
TotalNoncashStockCompensationAndAssociatedLineItemOnStatementOfOperations
The table below summarizes the aggregate non-cash stock compensation recognized in the statement of operations for stock awards, employee stock options and the distribution by InnoHold of Paired Securities (in thousands).<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="10" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">Years Ended December 31,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font-weight: bold; text-align: center">2021</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 64%; text-align: justify">Cost of revenues</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">285</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">305</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">303</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Marketing and sales</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">616</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">863</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">541</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify">General and administrative</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3,730</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,033</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,472</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Research and development</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">244</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">165</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">50</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; text-align: justify; padding-bottom: 4pt">Total non-cash stock compensation</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">4,875</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">3,366</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">3,366</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4875000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3366000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3366000 usd
CY2023 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.05 pure
CY2023 us-gaap Revenues
Revenues
510541000 usd
CY2022 us-gaap Revenues
Revenues
573201000 usd
CY2021 us-gaap Revenues
Revenues
724999000 usd
CY2023Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-121200000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
120400000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1400000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-167000 usd
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-1030000 usd
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1692000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
217000 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
344000 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
699000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
50000 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-686000 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2391000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-42000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
169180000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-6678000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
44675000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2765000 usd
CY2023 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-42000 usd
CY2022 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
213855000 usd
CY2021 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-3913000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
213169000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1522000 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-25454000 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
25293000 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
299000 usd
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-6235000 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
292000 usd
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-821000 usd
CY2023 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
96000 usd
CY2022 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
59000 usd
CY2021 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
-418000 usd
CY2022 prpl Tax Receivables Agreement Liability
TaxReceivablesAgreementLiability
-34014000 usd
CY2021 prpl Tax Receivables Agreement Liability
TaxReceivablesAgreementLiability
-843000 usd
CY2022 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-912000 usd
CY2021 us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-5051000 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
35592000 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
189870000 usd
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-31000 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
2530000 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
3287000 usd
CY2023 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1113000 usd
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1763000 usd
CY2023 prpl Remeasurement Of Investment
RemeasurementOfInvestment
-4028000 usd
CY2022 prpl Remeasurement Of Investment
RemeasurementOfInvestment
29822000 usd
CY2021 prpl Remeasurement Of Investment
RemeasurementOfInvestment
1834000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
281000 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
531000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
605000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
2303000 usd
CY2021 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-330000 usd
CY2023 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
295000 usd
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-311000 usd
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-10000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
213169000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1522000 usd
CY2023Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
156521000 usd
CY2022Q4 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
131260000 usd
CY2023Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
78158000 usd
CY2022Q4 us-gaap Deferred Tax Assets Capital Loss Carryforwards
DeferredTaxAssetsCapitalLossCarryforwards
100413000 usd
CY2023Q4 prpl Deferred Tax Assets Startup Costs
DeferredTaxAssetsStartupCosts
405000 usd
CY2022Q4 prpl Deferred Tax Assets Startup Costs
DeferredTaxAssetsStartupCosts
449000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
999000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
874000 usd
CY2023Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
2314000 usd
CY2022Q4 us-gaap Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
1573000 usd
CY2023Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
2712000 usd
CY2022Q4 us-gaap Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
1389000 usd
CY2023Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
121000 usd
CY2022Q4 us-gaap Deferred Tax Assets Charitable Contribution Carryforwards
DeferredTaxAssetsCharitableContributionCarryforwards
77000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
62550000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
32681000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
303780000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
268716000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
303780000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
268716000 usd
CY2023 us-gaap Deferred Compensation Arrangement With Individual Cash Awards Granted Percentage
DeferredCompensationArrangementWithIndividualCashAwardsGrantedPercentage
0.80 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.80 pure
CY2022 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-162000000 usd
CY2023 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
50000000 usd
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
49500000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
500000 usd
CY2023 us-gaap Interest Income Nontaxable Investment Security Increase Decrease
InterestIncomeNontaxableInvestmentSecurityIncreaseDecrease
12600000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards Research
DeferredTaxAssetsTaxCreditCarryforwardsResearch
2000000 usd
CY2023Q4 us-gaap Deferred Tax Assets State Taxes
DeferredTaxAssetsStateTaxes
1300000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
177000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
264000 usd
CY2022 us-gaap Unrecognized Tax Benefits Increases Resulting From Acquisition
UnrecognizedTaxBenefitsIncreasesResultingFromAcquisition
152000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
593000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
215000 usd
CY2023 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
291000 usd
CY2023 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
153000 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
946000 usd
CY2023Q4 us-gaap Other Short Term Borrowings
OtherShortTermBorrowings
61000000 usd
CY2023Q4 prpl Term Loans Outstanding
TermLoansOutstanding
25000000 usd
CY2023 us-gaap Class Of Warrant Or Right Reason For Issuing To Nonemployees
ClassOfWarrantOrRightReasonForIssuingToNonemployees
Warrants for redemption in whole and not in part at any time at a price of $0.01 per share of Class A common stock issuable upon exercise of the Warrants upon not less than 45 days’ prior written notice of redemption (the “45-day redemption period”) to each holder, provided that this redemption right is only available if the reported last sale price of the Class A common stock equals or exceeds $24.00 per share on each of 20 trading days within a 30-trading day period ending three business days before the Company sends the notice of redemption to the holders.
CY2023 prpl Warrant Owned In Excess Percentage
WarrantOwnedInExcessPercentage
0.499 pure
CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2021 prpl Stock Issued During Exchange Of Stock
StockIssuedDuringExchangeOfStock
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CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
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CY2021 prpl Stock Issued During Impact Of Transactions Affecting Nci
StockIssuedDuringImpactOfTransactionsAffectingNCI
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CY2022 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2022 prpl Stock Issued During Impact Of Transactions Affecting Nci
StockIssuedDuringImpactOfTransactionsAffectingNCI
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CY2023 prpl Stock Issued During Exchange Of Stock
StockIssuedDuringExchangeOfStock
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CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
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CY2023 prpl Stock Issued During Impact Of Transactions Affecting Nci
StockIssuedDuringImpactOfTransactionsAffectingNCI
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CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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CY2023 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
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CY2023 prpl Tax Receivable Agreement Income
TaxReceivableAgreementIncome
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CY2023 prpl Gain From Effective Settlement Of Preexisting Relationship
GainFromEffectiveSettlementOfPreexistingRelationship
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CY2021 prpl Gain From Effective Settlement Of Preexisting Relationship
GainFromEffectiveSettlementOfPreexistingRelationship
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CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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CY2022 prpl Excess Restricted Cash Returned To Acquiree
ExcessRestrictedCashReturnedToAcquiree
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CY2021 prpl Excess Restricted Cash Returned To Acquiree
ExcessRestrictedCashReturnedToAcquiree
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