Impinj, Inc. (PI)

Nasdaq Information Technology Electronic Equipment & Instruments S&P SmallCap 600

$171.03

+9.97 (+6.19%)

Close of Nov 06, 2026 · end-of-day data

Source: Impinj, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$112.29M	$125.30M	$122.63M	$152.84M	$138.92M	$190.28M	$257.80M	$307.54M	$366.09M	$361.07M
Cost of revenue	$52.83M	$60.36M	$64.35M	$78.83M	$73.78M	$91.33M	$119.92M	$155.56M	$177.23M	$171.40M
Gross profit	$59.45M	$64.94M	$58.28M	$74.00M	$65.14M	$98.95M	$137.88M	$151.98M	$188.85M	$189.68M
Research & development	$25.18M	$32.22M	$34.17M	$38.88M	$48.59M	$64.06M	$74.11M	$88.56M	$98.83M	$102.61M
Operating income	-$488.00K	-$17.02M	-$34.87M	-$21.66M	-$47.07M	-$37.25M	-$19.48M	-$43.48M	-$7.07M	-$737.00K
Interest expense	$1.63M	$908.00K	$1.40M	$1.79M	$5.41M	$2.55M	$4.92M	$4.85M	$4.87M	$4.37M
Pre-tax income	-$1.50M	-$17.42M	-$35.46M	-$22.79M	-$51.83M	-$51.11M	-$24.12M	-$43.69M	$40.99M	-$10.92M
Income tax	$168.00K	-$97.00K	-$233.00K	$198.00K	$89.00K	$153.00K	$184.00K	-$322.00K	$157.00K	-$69.00K
Net income	-$1.67M	-$17.32M	-$35.23M	-$22.99M	-$51.92M	-$51.26M	-$24.30M	-$43.37M	$40.84M	-$10.85M
EBITDA	$2.38M	-$13.07M	-$30.34M	-$16.85M	-$42.57M	-$32.65M	-$13.44M	-$29.86M	$6.52M	$14.30M
EPS (basic)	$-0.74	$-0.84	$-1.65	$-1.05	$-2.28	$-2.12	$-0.95	$-1.62	$1.46	$-0.37
EPS (diluted)	$-0.74	$-0.84	$-1.65	$-1.05	$-2.28	$-2.12	$-0.95	$-1.62	$1.39	$-0.37
Diluted shares	10.78M	20.68M	21.33M	21.85M	22.82M	24.18M	25.54M	26.75M	29.47M	29.28M
Gross margin	52.9%	51.8%	47.5%	48.4%	46.9%	52.0%	53.5%	49.4%	51.6%	52.5%
Operating margin	-0.4%	-13.6%	-28.4%	-14.2%	-33.9%	-19.6%	-7.6%	-14.1%	-1.9%	-0.2%
Net margin	-1.5%	-13.8%	-28.7%	-15.0%	-37.4%	-26.9%	-9.4%	-14.1%	11.2%	-3.0%

Balance sheet

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash & equivalents	$33.64M	$19.29M	$17.53M	$66.90M	$23.64M	$123.90M	$19.60M	$94.79M	$46.05M	$48.21M
Short-term investments	$66.91M	$38.83M	$38.54M	$49.60M	$82.45M	$69.44M	$154.15M	$18.44M	$118.66M	$127.13M
Receivables	$17.45M	$22.24M	$18.46M	$23.73M	$25.00M	$35.45M	$50.00M	$54.92M	$56.80M	$70.78M
Inventory	$27.73M	$47.08M	$44.73M	$34.15M	$36.33M	$21.96M	$46.40M	$97.17M	$99.35M	$84.96M
Total current assets	$148.73M	$129.80M	$121.21M	$176.77M	$171.36M	$255.80M	$275.17M	$269.70M	$326.40M	$339.22M
Goodwill	$3.88M	—	—	—	—	$3.88M	$3.88M	$19.70M	$18.72M	$20.72M
Total assets	$167.54M	$152.03M	$145.07M	$215.05M	$207.62M	$315.54M	$349.74M	$359.41M	$489.08M	$545.19M
Total current liabilities	$25.38M	$19.92M	$23.02M	$19.50M	$27.59M	$35.50M	$42.37M	$30.88M	$331.18M	$126.53M
Short-term debt	$2.59M	$4.09M	$5.93M	—	—	$9.63M	—	—	$283.49M	$96.75M
Long-term debt	$9.68M	$5.50M	$17.63M	$50.88M	$54.56M	$278.66M	$280.24M	$281.86M	$283.49M	$184.14M
Total debt	$12.27M	$9.59M	$23.56M	$50.88M	$54.56M	$288.29M	$280.24M	$281.86M	$566.99M	$280.89M
Total liabilities	$43.51M	$33.09M	$47.19M	$89.81M	$98.50M	$326.61M	$334.15M	$325.28M	$339.22M	$335.95M
Shareholders' equity	$124.02M	$118.94M	$97.88M	$125.24M	$109.12M	-$11.08M	$15.59M	$34.13M	$149.86M	$209.23M

Cash flow

fiscal years · USD

Fiscal year	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	-$9.50M	-$35.89M	-$11.78M	$4.71M	-$16.88M	$6.46M	$641.00K	-$49.38M	$128.31M	$58.75M
Capital expenditures	$3.53M	$6.55M	$6.37M	$2.43M	$3.07M	$16.23M	$12.08M	$18.59M	$17.11M	$12.86M
Free cash flow	-$13.03M	-$42.44M	-$18.14M	$2.28M	-$19.95M	-$9.77M	-$11.44M	-$67.97M	$111.20M	$45.88M
Investing cash flow	-$70.63M	$21.40M	-$5.67M	-$13.10M	-$36.29M	-$18.64M	-$102.80M	$115.81M	-$192.57M	-$48.02M
Financing cash flow	$103.64M	$137.00K	$15.69M	$57.76M	$9.90M	$112.44M	-$2.15M	$8.74M	$15.68M	-$8.93M
Stock-based compensation	$2.77M	$7.43M	$11.32M	$18.49M	$25.68M	$40.50M	$42.44M	$47.99M	$56.55M	$55.26M
Depreciation & amortization	$2.87M	$3.95M	$4.53M	$4.81M	$4.50M	$4.60M	$6.04M	$13.62M	$13.59M	$15.04M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue	$70.65M	$76.83M	$102.50M	$95.20M	$91.57M	$74.28M	$97.89M	$96.06M	$92.85M	$74.25M	$108.37M	$112.08M
Cost of revenue	$36.78M	$39.28M	$44.98M	$47.63M	$45.35M	$37.60M	$41.28M	$47.73M	$44.79M	$37.79M	$44.84M	$52.95M
Gross profit	$33.87M	$37.55M	$57.52M	$47.57M	$46.22M	$36.68M	$56.61M	$48.33M	$48.05M	$36.46M	$63.53M	$59.13M
Research & development	$21.14M	$22.52M	$24.92M	$25.49M	$25.89M	$25.31M	$24.65M	$25.72M	$26.93M	$28.72M	$29.26M	$30.58M
Operating income	-$14.84M	-$11.73M	$9.05M	-$769.00K	-$3.61M	-$9.57M	$10.87M	$656.00K	-$2.70M	-$15.17M	$10.50M	$4.59M
Interest expense	$1.22M	$1.22M	$1.22M	$1.22M	$1.22M	$1.22M	$1.23M	$1.12M	$798.00K	$773.00K	$631.00K	$596.00K
Pre-tax income	-$15.03M	$33.34M	$9.95M	$428.00K	-$2.73M	-$8.73M	$11.70M	-$12.90M	-$987.00K	-$25.21M	$12.13M	$4.72M
Income tax	$150.00K	-$1.00K	-$12.00K	$207.00K	-$37.00K	-$281.00K	$149.00K	-$89.00K	$152.00K	$48.00K	-$92.00K	$40.00K
Net income	-$15.18M	$33.34M	$9.96M	$221.00K	-$2.69M	-$8.45M	$11.55M	-$12.81M	-$1.14M	-$25.26M	$12.22M	$4.68M
EBITDA	-$10.95M	-$7.82M	$12.04M	$2.48M	-$180.00K	-$6.05M	$14.58M	$4.51M	$1.26M	-$11.32M	$14.39M	$8.39M
EPS (basic)	$-0.56	$1.22	$0.36	$0.01	$-0.11	$-0.30	$0.40	$-0.44	$-0.04	$-0.83	$0.40	$0.15
EPS (diluted)	$-0.56	$1.10	$0.34	$0.01	$-0.09	$-0.30	$0.39	$-0.44	$-0.04	$-0.83	$0.39	$0.15
Diluted shares	113.00K	31.43M	29.42M	29.73M	-2.45M	28.64M	29.66M	29.34M	288.00K	30.29M	31.00M	31.50M
Gross margin	47.9%	48.9%	56.1%	50.0%	50.5%	49.4%	57.8%	50.3%	51.8%	49.1%	58.6%	52.8%
Operating margin	-21.0%	-15.3%	8.8%	-0.8%	-3.9%	-12.9%	11.1%	0.7%	-2.9%	-20.4%	9.7%	4.1%
Net margin	-21.5%	43.4%	9.7%	0.2%	-2.9%	-11.4%	11.8%	-13.3%	-1.2%	-34.0%	11.3%	4.2%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Cash & equivalents	$94.79M	$166.85M	$214.65M	$73.70M	$46.05M	$61.32M	$42.42M	$51.73M	$48.21M	$32.30M	$38.57M	$38.74M
Short-term investments	$18.44M	$7.29M	$5.56M	$96.55M	$118.66M	$86.60M	$150.79M	$138.35M	$127.13M	$99.54M	$94.44M	$74.24M
Receivables	$54.92M	$59.38M	$54.18M	$64.38M	$56.80M	$57.10M	$55.13M	$61.19M	$70.78M	$72.35M	$71.11M	$78.13M
Inventory	$97.17M	$87.76M	$80.77M	$88.36M	$99.35M	$98.48M	$96.21M	$92.64M	$84.96M	$86.30M	$83.37M	$83.37M
Total current assets	$269.70M	$324.40M	$358.32M	$329.09M	$326.40M	$308.57M	$349.77M	$351.78M	$339.22M	$299.04M	$304.60M	$334.53M
Goodwill	$19.70M	$19.34M	$19.26M	$19.83M	$18.72M	$19.38M	$20.76M	$20.70M	$20.72M	$20.44M	$20.25M	$20.11M
Total assets	$359.41M	$413.88M	$446.09M	$476.45M	$489.08M	$479.82M	$508.82M	$516.46M	$545.19M	$502.52M	$534.75M	$548.11M
Total current liabilities	$30.88M	$34.44M	$318.92M	$331.10M	$331.18M	$28.16M	$30.05M	$131.79M	$126.53M	$32.50M	$92.96M	$35.51M
Short-term debt	—	—	$282.67M	$283.08M	$283.49M	—	—	$96.61M	$96.75M	$0	$57.02M	$995.00K
Long-term debt	$281.86M	$282.26M	$0	$0	$283.49M	$283.90M	$284.32M	$183.75M	$184.14M	$241.47M	$184.92M	$185.31M
Total debt	$281.86M	$282.26M	$282.67M	$283.08M	$566.99M	$283.90M	$284.32M	$280.36M	$280.89M	$241.47M	$241.94M	$186.31M
Total liabilities	$325.28M	$327.96M	$329.12M	$340.35M	$339.22M	$319.26M	$321.13M	$321.50M	$335.95M	$298.62M	$303.16M	$245.78M
Shareholders' equity	$34.13M	$85.92M	$116.97M	$136.10M	$149.86M	$160.56M	$187.69M	$194.96M	$209.23M	$203.91M	$231.59M	$302.33M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Operating cash flow	$1.43M	$60.14M	$45.48M	$10.07M	$12.62M	-$11.14M	$33.86M	$20.89M	$15.14M	$3.98M	$31.60M	$25.61M
Capital expenditures	$2.62M	$6.20M	$1.37M	$5.41M	$4.13M	$1.86M	$6.54M	$2.94M	$1.52M	$1.75M	$2.42M	$5.02M
Free cash flow	-$1.20M	$53.94M	$44.11M	$4.66M	$8.49M	-$13.01M	$27.32M	$17.95M	$13.62M	$2.23M	$29.18M	$20.59M
Investing cash flow	$14.33M	$5.05M	$419.00K	-$154.17M	-$43.87M	$21.23M	-$52.91M	$2.47M	-$18.80M	$25.73M	-$25.21M	$29.59M
Financing cash flow	$846.00K	$6.92M	$1.93M	$3.05M	$3.78M	$5.06M	-$97.00K	-$14.04M	$149.00K	-$45.57M	-$69.00K	-$55.04M
Stock-based compensation	$12.31M	$11.79M	$14.71M	$14.84M	$15.21M	$12.52M	$13.02M	$14.55M	$15.17M	$14.69M	$16.30M	$16.11M
Depreciation & amortization	$3.89M	$3.91M	$3.00M	$3.25M	$3.43M	$3.52M	$3.71M	$3.85M	$3.96M	$3.85M	$3.89M	$3.80M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.