Purple (NASDAQ:PRPL) reported revenue of $118.8 million in Q3 CY2025, missing analyst estimates of $123.2 million, but beating adjusted EPS by 17.9% at -$0.08 per share. Full-year revenue guidance of $475 million is slightly above expectations. Operating margin improved to -10.2% from -39.5% last year. Founded by two brothers, Purple creates sleep and home comfort products. Revenue declined by 5.3% annually over the last five years, with consistent declines in the last two years. Operating margin remains negative at -10.2%. EPS declined 19.9% annually over the last five years, but is expected to improve in the next 12 months. The stock price fell 5% following the results.

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