Purple Innovation (PRPL) Deferred Taxes (2020 - 2023)
Purple Innovation (PRPL) posted Deferred Taxes of $9.4 million for Q2 2023, up 165.06% sequentially from -$14.5 million in Q1 2023, and up 121.77% YoY from $4.2 million in Q2 2022.
Purple Innovation (PRPL) Deferred Taxes (2020 - 2023) Analysis & Trends
Purple Innovation has reported Deferred Taxes for 4 years, with the latest figure at $9.4 million in Q2 2023.
- Quarterly Deferred Taxes rose 121.77% year-over-year to $9.4 million in Q2 2023, while the trailing twelve-month figure through Jun 2023 was $202.3 million (up 2390.47% YoY) and the FY2022 annual result came in at $213.5 million, up 7170.96% from the prior year.
- Deferred Taxes climbed to $9.4 million in Q2 2023 per PRPL's latest filing, from -$14.5 million in the prior quarter.
- Over five years, Deferred Taxes peaked at $220.4 million in Q4 2022 and troughed at -$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.
- The sharpest annual moves came in 2021 and 2022: Deferred Taxes plunged 3502.65% in 2021, then surged 1198.85% in 2022.
- Over 4 years, Deferred Taxes stood at $132.2 million in 2020, then sank by 83.92% to $21.3 million in 2021, then soared by 936.87% to $220.4 million in 2022, then slumped by 95.72% to $9.4 million in 2023.
- According to Business Quant data, Deferred Taxes over the past three periods registered $9.4 million, -$14.5 million, and $220.4 million for Q2 2023, Q1 2023, and Q4 2022 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | SharkNinja | 25.62 Bn | 24.84 Bn | 860.34 Mn | -16.24 Mn |
| 2 | Somnigroup International | 13.66 Bn | 13.55 Bn | 817.20 Mn | -2.30 Mn |
| 3 | Mohawk Industries | 8.27 Bn | 7.42 Bn | 795.10 Mn | 1.30 Mn |
| 4 | Alliance Laundry Holdings | 4.66 Bn | 4.48 Bn | 189.90 Mn | 1.06 Mn |
| 5 | Hni | 3.53 Bn | 3.42 Bn | 647.20 Mn | 700,000.00 |
| 6 | Whirlpool | 2.64 Bn | 1.40 Bn | 442.00 Mn | - |
| 7 | Interface | 2.25 Bn | 2.17 Bn | 178.08 Mn | 213,000.00 |
| 8 | Millerknoll | 1.58 Bn | 1.41 Bn | 395.60 Mn | -11.50 Mn |
| 9 | MasterBrand | 1.40 Bn | 1.16 Bn | 205.50 Mn | - |
| 10 | Purple Innovation | 23.94 Mn | 641,500.00 | 44.41 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 |