PI · Impinj Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $74.25M | - | $96.06M | $97.89M | $74.28M | - | $95.20M | $102.50M | $76.83M | - |
| Cost of Revenue | $37.79M | - | $47.73M | $41.28M | $37.60M | - | $47.63M | $44.98M | $39.28M | - |
| Gross Profit | $36.46M | - | $48.33M | $56.61M | $36.68M | - | $47.57M | $57.52M | $37.55M | - |
| R&D | $28.72M | - | $25.72M | $24.65M | $25.31M | - | $25.49M | $24.92M | $22.52M | - |
| SG&A | $12.61M | - | $12.04M | $11.83M | $12.40M | - | $12.45M | $13.22M | $13.37M | - |
| Total Operating Expenses | $51.63M | - | $47.67M | $45.74M | $46.25M | - | $48.34M | $48.47M | $49.28M | - |
| D&A | $3.85M | - | - | - | $3.52M | - | - | - | $3.91M | - |
| Operating Income | ($15.17M) | - | $656.0K | $10.87M | ($9.57M) | - | ($769.0K) | $9.05M | ($11.73M) | - |
| Interest Expense | $773.0K | - | $1.12M | $1.23M | $1.22M | - | $1.22M | $1.22M | $1.22M | - |
| Income Tax | $48.0K | - | ($89.0K) | $149.0K | ($281.0K) | - | $207.0K | ($12.0K) | ($1.0K) | - |
| Net Income | ($25.26M) | - | ($12.81M) | $11.55M | ($8.45M) | - | $221.0K | $9.96M | $33.34M | - |
| EPS - Basic | ($0.83) | - | ($0.44) | $0.40 | ($0.30) | - | $0.01 | $0.36 | $1.22 | - |
| EPS - Diluted | ($0.83) | - | ($0.44) | $0.39 | ($0.30) | - | $0.01 | $0.34 | $1.10 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $32.30M | $48.21M | $51.73M | $42.42M | $61.32M | $46.05M | $73.70M | $214.65M | $166.85M | $94.79M |
| Accounts Receivable | $72.35M | $70.78M | $61.19M | $55.13M | $57.10M | $56.80M | $64.38M | $54.18M | $59.38M | $54.92M |
| Inventory | $86.30M | $84.96M | $92.64M | $96.21M | $98.48M | $99.35M | $88.36M | $80.77M | $87.76M | $97.17M |
| Accounts Payable | $15.44M | $13.61M | $16.17M | $11.99M | $10.83M | $17.25M | $20.50M | $15.30M | $9.42M | $8.66M |
| Current Assets | $299.04M | $339.22M | $351.78M | $349.77M | $308.57M | $326.40M | $329.09M | $358.32M | $324.40M | $269.70M |
| Total Assets | $502.52M | $545.19M | $516.46M | $508.82M | $479.82M | $489.08M | $476.45M | $446.09M | $413.88M | $359.41M |
| Current Liabilities | $32.50M | $126.53M | $131.79M | $30.05M | $28.16M | $331.18M | $331.10M | $318.92M | $34.44M | $30.88M |
| Long-term Debt | $241.47M | $184.14M | $183.75M | $284.32M | $283.90M | - | $0 | $0 | $282.26M | $281.86M |
| Total Liabilities | $298.62M | $335.95M | $321.50M | $321.13M | $319.26M | $339.22M | $340.35M | $329.12M | $327.96M | $325.28M |
| Stockholders' Equity | $203.91M | $209.23M | $194.96M | $187.69M | $160.56M | $149.86M | $136.10M | $116.97M | $85.92M | $34.13M |
| Retained Earnings | ($425.42M) | ($400.16M) | ($399.02M) | ($386.21M) | ($397.76M) | ($389.31M) | ($386.62M) | ($386.84M) | ($396.81M) | ($430.15M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.98M | - | - | - | ($11.14M) | - | - | - | $60.14M | - |
| Investing Cash Flow | $25.73M | - | - | - | $21.23M | - | - | - | $5.05M | - |
| Financing Cash Flow | ($45.57M) | - | - | - | $5.06M | - | - | - | $6.92M | - |
| CapEx | $1.75M | - | - | - | $1.86M | - | - | - | $6.20M | - |
| Free Cash Flow | $2.23M | - | - | - | ($13.01M) | - | - | - | $53.94M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 49.1% | - | 50.3% | 57.8% | 49.4% | - | 50.0% | 56.1% | 48.9% | - |
| Operating margin | -20.4% | - | 0.7% | 11.1% | -12.9% | - | -0.8% | 8.8% | -15.3% | - |
| EBITDA margin | -15.2% | - | - | - | -8.1% | - | - | - | -10.2% | - |
| Net margin | -34.0% | - | -13.3% | 11.8% | -11.4% | - | 0.2% | 9.7% | 43.4% | - |
| Free cash flow margin | 3.0% | - | - | - | -17.5% | - | - | - | 70.2% | - |
| FCF / Net income | -0.09 | - | - | - | 1.54 | - | - | - | 1.62 | - |
| R&D / Revenue | 38.7% | - | 26.8% | 25.2% | 34.1% | - | 26.8% | 24.3% | 29.3% | - |
| SG&A / Revenue | 17.0% | - | 12.5% | 12.1% | 16.7% | - | 13.1% | 12.9% | 17.4% | - |
| Effective tax rate | - | - | - | 1.3% | - | - | 48.4% | -0.1% | -0.0% | - |
| Return on assets | -5.0% | - | -2.5% | 2.3% | -1.8% | - | 0.0% | 2.2% | 8.1% | - |
| Return on equity | -12.4% | - | -6.6% | 6.2% | -5.3% | - | 0.2% | 8.5% | 38.8% | - |
| Return on invested capital | -2.7% | - | 0.1% | 2.3% | -1.7% | - | -0.3% | 7.7% | -3.2% | - |
| Liquidity | ||||||||||
| Current ratio | 9.20 | 2.68 | 2.67 | 11.64 | 10.96 | 0.99 | 0.99 | 1.12 | 9.42 | 8.73 |
| Quick ratio | 6.55 | 2.01 | 1.97 | 8.44 | 7.46 | 0.69 | 0.73 | 0.87 | 6.87 | 5.59 |
| Cash ratio | 0.99 | 0.38 | 0.39 | 1.41 | 2.18 | 0.14 | 0.22 | 0.67 | 4.84 | 3.07 |
| Leverage | ||||||||||
| Debt / Equity | 1.18 | 0.88 | 0.94 | 1.51 | 1.77 | - | 0.00 | 0.00 | 3.29 | 8.26 |
| Debt / Assets | 0.48 | 0.34 | 0.36 | 0.56 | 0.59 | - | 0.00 | 0.00 | 0.68 | 0.78 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -19.6x | - | 0.6x | 8.9x | -7.8x | - | -0.6x | 7.4x | -9.6x | - |
| Equity multiplier | 2.46 | 2.61 | 2.65 | 2.71 | 2.99 | 3.26 | 3.50 | 3.81 | 4.82 | 10.53 |
| Liabilities / Assets | 0.59 | 0.62 | 0.62 | 0.63 | 0.67 | 0.69 | 0.71 | 0.74 | 0.79 | 0.91 |
| Efficiency | ||||||||||
| Asset turnover | 0.15 | - | 0.19 | 0.19 | 0.15 | - | 0.20 | 0.23 | 0.19 | - |
| Inventory turnover | 0.44 | - | 0.52 | 0.43 | 0.38 | - | 0.54 | 0.56 | 0.45 | - |
| Days sales outstanding | 356d | - | 233d | 206d | 281d | - | 247d | 193d | 282d | - |
| Days inventory outstanding | 834d | - | 708d | 851d | 956d | - | 677d | 655d | 816d | - |
| Days payable outstanding | 149d | - | 124d | 106d | 105d | - | 157d | 124d | 88d | - |
| Cash conversion cycle | 1040d | - | 817d | 950d | 1132d | - | 767d | 724d | 1010d | - |
| Valuation | ||||||||||
| P / E | - | - | - | 284.8x | - | - | 21652.0x | 461.1x | 116.7x | - |
| P / B | 15.3x | - | 27.2x | 17.5x | 16.2x | - | 47.3x | 39.4x | 47.0x | - |
| P / S | 41.9x | - | 55.2x | 33.6x | 35.0x | - | 67.6x | 45.0x | 52.5x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -0.0% | - | 0.9% | -4.5% | -3.3% | - | 46.4% | 19.2% | -10.6% | - |
| Revenue CAGR (3y) | -4.7% | - | 12.1% | 17.9% | 11.8% | - | 28.2% | 29.4% | 19.3% | - |
| Revenue CAGR (5y) | 10.4% | - | 27.8% | 29.9% | 9.2% | - | 18.5% | 21.8% | 18.4% | - |
| Gross profit growth (YoY) | -0.6% | - | 1.6% | -1.6% | -2.3% | - | 54.6% | 31.3% | -13.7% | - |
| Operating income growth (YoY) | -58.5% | - | - | 20.2% | 18.4% | - | 95.1% | - | -164.1% | - |
| Net income growth (YoY) | -198.9% | - | - | 16.0% | - | - | - | - | - | - |
| EPS growth (YoY) | -176.7% | - | - | 14.7% | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | -14.8% | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 27.0% | 39.6% | 43.3% | 60.5% | 86.9% | 339.1% | 291.1% | 217.9% | 222.8% | 118.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$361.07M totalEndpoint ICs$299.81M · 83.0%
Systems$61.27M · 17.0%
Geographic
$636.67M totalAsia Pacific$209.93M · 33.0%
CN$159.20M · 25.0%
Americas$124.94M · 19.6%
US$75.10M · 11.8%
MX$41.30M · 6.5%
EMEA$26.20M · 4.1%
Peer comparison
Same SIC group: Electronic Components, NEC
Comparing IMPINJ INC against the 5 most active filers in the same SIC group.