Purple Innovation (PRPL) Deferred Taxes (2020 - 2023)
Purple Innovation (PRPL) reported Deferred Taxes of $9.4 million for Q2 2023, up 121.77% on a YoY basis from $4.2 million in Q2 2022, and up 165.06% sequentially from -$14.5 million in Q1 2023.
Purple Innovation (PRPL) Deferred Taxes (2020 - 2023) Analysis & Trends
Purple Innovation (PRPL) has 4 years of Deferred Taxes data on file, last reported at $9.4 million in Q2 2023.
- For the quarter ending Q2 2023, Deferred Taxes rose 121.77% year-over-year to $9.4 million; the trailing twelve-month figure through Jun 2023 stood at $202.3 million (up 2390.47% YoY), and the FY2022 full-year result was $213.5 million, up 7170.96% from the prior year.
- Deferred Taxes climbed to $9.4 million in Q2 2023, from -$14.5 million in the prior quarter.
- In the past five years, Deferred Taxes ranged from a high of $220.4 million in Q4 2022 to a low of -$19.3 million in Q3 2021.
- A 4-year average of $26.9 million and a median of $1.5 million in 2021 frame the typical range for Deferred Taxes.
- Across the five-year window, Deferred Taxes slumped 3502.65% in 2021 and soared 1198.85% in 2022, its largest moves.
- Tracing PRPL's Deferred Taxes over 4 years: stood at $132.2 million in 2020, then slumped by 83.92% to $21.3 million in 2021, then soared by 936.87% to $220.4 million in 2022, then tumbled by 95.72% to $9.4 million in 2023.
- Business Quant data shows PRPL's Deferred Taxes at $9.4 million in Q2 2023, -$14.5 million in Q1 2023, and $220.4 million in Q4 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 20.70 Bn | 20.19 Bn | 694.97 Mn | -10.06 Mn |
| 2 | Somnigroup International | 14.48 Bn | 14.38 Bn | 776.90 Mn | 1.70 Mn |
| 3 | Mohawk Industries | 6.76 Bn | 5.89 Bn | 641.90 Mn | -38.90 Mn |
| 4 | Alliance Laundry Holdings | 4.98 Bn | 4.85 Bn | 157.19 Mn | -473,000.00 |
| 5 | Hni | 2.92 Bn | 2.84 Bn | 499.90 Mn | 9.40 Mn |
| 6 | Whirlpool | 2.13 Bn | 1.49 Bn | 415.00 Mn | - |
| 7 | Interface | 1.90 Bn | 1.83 Bn | 126.72 Mn | 677,000.00 |
| 8 | La-Z-Boy | 1.57 Bn | 1.28 Bn | 262.76 Mn | 15.12 Mn |
| 9 | Millerknoll | 1.46 Bn | 1.36 Bn | 395.60 Mn | -11.50 Mn |
| 10 | Purple Innovation | 758.70 Mn | 733.73 Mn | 35.20 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 9.42 Mn |
| Mar 31, 2023 | -14.48 Mn |
| Dec 31, 2022 | 220.40 Mn |
| Sep 30, 2022 | -13.01 Mn |
| Jun 30, 2022 | 4.25 Mn |
| Mar 31, 2022 | 1.91 Mn |
| Dec 31, 2021 | 21.26 Mn |
| Sep 30, 2021 | -19.29 Mn |
| Jun 30, 2021 | 1.15 Mn |
| Mar 31, 2021 | -174,000.00 |
| Dec 31, 2020 | 132.16 Mn |
| Sep 30, 2020 | 567,000.00 |
| Jun 30, 2020 | 32.82 Mn |
| Mar 31, 2020 | 122,000.00 |