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
DateValue
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