NASDAQ : PI
Impinj, Inc. — Financial statements
Technology · Semiconductors · United States
Last price 182.55 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 5.63B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Impinj, Inc. (PI) reported revenue of 387.55M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 387.55M | 361.07M | 366.09M | 307.54M | 257.80M | 190.28M |
| Cost of Revenue | 180.38M | 171.40M | 177.23M | 155.56M | 119.92M | 91.33M |
| Gross Profit | 207.18M | 189.68M | 188.85M | 151.98M | 137.88M | 98.95M |
| Selling, General & Admin | 92.33M | 85.72M | 90.39M | 100.38M | 83.36M | 70.42M |
| Research & Development | 115.50M | 102.61M | 98.83M | 88.56M | 74.11M | 64.06M |
| Amortization of Goodwill & Intangibles | 2.12M | 2.08M | 2.90M | 4.95M | ||
| Operating Expenses | 209.95M | 190.41M | 192.13M | 193.90M | 157.47M | 134.48M |
| Operating Income | -2.77M | -737.00K | -3.27M | -41.91M | -19.58M | -35.53M |
| Interest Expense | -2.80M | -4.37M | -4.87M | -4.85M | -4.92M | -2.55M |
| Interest & Investment Income | 9.95M | 9.21M | 7.94M | 4.64M | 2.52M | 25.00K |
| EBT Excluding Unusual Items | 4.38M | 4.11M | -207.00K | -42.12M | -21.99M | -38.05M |
| Merger & Restructuring Charges | -2.81M | 102.00K | -1.72M | |||
| Legal Settlements | 45.00M | |||||
| Other Unusual Items | -13.73M | -15.03M | -986.00K | -1.57M | -2.23M | -11.33M |
| Pretax Income | -9.36M | -10.92M | 40.99M | -43.69M | -24.12M | -51.11M |
| Income Tax Expense | 148.00K | -69.00K | 157.00K | -322.00K | 184.00K | 153.00K |
| Net Income | -9.50M | -10.85M | 40.84M | -43.37M | -24.30M | -51.26M |
| Net Income to Common | -9.50M | -10.85M | 40.84M | -43.37M | -24.30M | -51.26M |
| Shares Outstanding (Basic) | 30.38M | 29.28M | 27.95M | 26.75M | 25.54M | 24.18M |
| Shares Outstanding (Diluted) | 30.38M | 29.28M | 29.47M | 26.75M | 25.54M | 24.18M |
| EPS (Basic) | -0.31 | -0.37 | 1.46 | -1.62 | -0.95 | -2.12 |
| EPS (Diluted) | -0.31 | -0.37 | 1.39 | -1.62 | -0.95 | -2.12 |
| Free Cash Flow | 65.62M | 45.88M | 111.20M | -67.97M | -11.44M | -9.77M |
| Free Cash Flow Per Share | 2.16 | 1.57 | 3.77 | -2.54 | -0.45 | -0.40 |
| Gross Margin | 53.46% | 52.53% | 51.59% | 49.42% | 53.49% | 52.00% |
| Operating Margin | -0.71% | -0.20% | -0.89% | -13.63% | -7.60% | -18.67% |
| Profit Margin | -2.45% | -3.00% | 11.15% | -14.10% | -9.43% | -26.94% |
| Free Cash Flow Margin | 16.93% | 12.71% | 30.38% | -22.10% | -4.44% | -5.13% |
| EBITDA | 12.72M | 14.30M | 10.32M | -28.29M | -13.54M | -30.93M |
| EBITDA Margin | 3.28% | 3.96% | 2.82% | -9.20% | -5.25% | -16.25% |
| D&A For EBITDA | 15.50M | 15.04M | 13.59M | 13.62M | 6.04M | 4.60M |
| EBIT | -2.77M | -737.00K | -3.27M | -41.91M | -19.58M | -35.53M |
| EBIT Margin | -0.71% | -0.20% | -0.89% | -13.63% | -7.60% | -18.67% |
| Effective Tax Rate | 0.38% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 38.74M | 48.21M | 46.05M | 94.79M | 19.60M | 123.90M |
| Short-Term Investments | 74.24M | 127.13M | 118.66M | 18.44M | 154.15M | 69.44M |
| Cash & Short-Term Investments | 112.98M | 175.34M | 164.71M | 113.23M | 173.75M | 193.35M |
| Receivables | 78.13M | 70.78M | 56.80M | 54.92M | 50.00M | 35.45M |
| Inventory | 83.37M | 84.96M | 99.35M | 97.17M | 46.40M | 21.96M |
| Prepaid Expenses | 60.05M | 7.74M | 5.14M | 3.97M | 4.63M | 4.64M |
| Other Current Assets | 400.00K | 400.00K | 400.00K | 400.00K | 413.00K | |
| Total Current Assets | 334.53M | 339.22M | 326.40M | 269.70M | 275.17M | 255.80M |
| Property, Plant & Equipment | 70.09M | 71.19M | 57.75M | 54.63M | 49.52M | 39.17M |
| Long-Term Investments | 115.34M | 103.77M | 74.87M | 19.20M | 14.22M | |
| Goodwill | 20.11M | 20.72M | 18.72M | 19.70M | 3.88M | 3.88M |
| Other Intangible Assets | 7.61M | 9.50M | 10.29M | 13.91M | ||
| Long-Term Deferred Charges | 700.00K | 1.00M | 1.40M | 1.80M | 2.30M | |
| Other Long-Term Assets | 425.00K | 95.00K | 45.00K | 78.00K | 169.00K | 162.00K |
| Total Assets | 548.11M | 545.19M | 489.08M | 359.41M | 349.74M | 315.54M |
| Accounts Payable | 13.34M | 13.61M | 17.25M | 8.66M | 25.02M | 11.73M |
| Accrued Expenses | 17.83M | 13.60M | 24.99M | 17.13M | 11.97M | 9.44M |
| Current Portion of Long-Term Debt | 995.00K | 96.75M | 283.49M | 9.63M | ||
| Current Portion of Leases | 1.97M | 776.00K | 3.59M | 3.37M | 3.12M | 4.14M |
| Current Unearned Revenue | 1.38M | 1.79M | 1.85M | 1.71M | 2.25M | 558.00K |
| Total Current Liabilities | 35.51M | 126.53M | 331.18M | 30.88M | 42.37M | 35.50M |
| Long-Term Debt | 185.31M | 184.14M | 281.86M | 280.24M | 278.66M | |
| Long-Term Leases | 22.74M | 22.54M | 5.72M | 9.36M | 11.07M | 11.93M |
| Long-Term Unearned Revenue | 529.00K | 690.00K | 120.00K | 272.00K | 349.00K | 236.00K |
| Long-Term Deferred Tax Liabilities | 1.69M | 2.06M | 2.20M | 2.91M | 118.00K | |
| Other Long-Term Liabilities | 279.00K | |||||
| Total Liabilities | 245.78M | 335.95M | 339.22M | 325.28M | 334.15M | 326.61M |
| Common Stock | 31.00K | 30.00K | 29.00K | 27.00K | 26.00K | 25.00K |
| Additional Paid-In Capital | 711.57M | 606.85M | 541.09M | 463.90M | 403.60M | 351.42M |
| Retained Earnings | -408.52M | -400.16M | -389.31M | -430.15M | -386.79M | -362.48M |
| Comprehensive Income & Other | -749.00K | 2.51M | -1.94M | 355.00K | -1.25M | -39.00K |
| Total Common Equity | 302.33M | 209.23M | 149.86M | 34.13M | 15.59M | -11.08M |
| Shareholders' Equity | 302.33M | 209.23M | 149.86M | 34.13M | 15.59M | -11.08M |
| Total Liabilities & Equity | 548.11M | 545.19M | 489.08M | 359.41M | 349.74M | 315.54M |
| Total Debt | 211.01M | 304.20M | 292.80M | 294.59M | 294.43M | 304.37M |
| Net Cash (Debt) | -98.03M | -128.86M | -128.09M | -181.35M | -120.69M | -111.03M |
| Net Cash Per Share | -3.23 | -4.40 | -4.35 | -6.78 | -4.73 | -4.59 |
| Filing Date Shares Outstanding | 30.86M | 30.23M | 28.54M | 27.20M | 26.16M | 24.76M |
| Total Common Shares Outstanding | 30.86M | 30.22M | 28.50M | 27.17M | 26.10M | 24.74M |
| Working Capital | 299.02M | 212.69M | -4.78M | 238.82M | 232.80M | 220.30M |
| Book Value Per Share | 9.80 | 6.92 | 5.26 | 1.26 | 0.60 | -0.45 |
| Tangible Book Value | 274.61M | 179.01M | 120.85M | 522.00K | 11.71M | -14.96M |
| Tangible Book Value Per Share | 8.90 | 5.92 | 4.24 | 0.02 | 0.45 | -0.60 |
| Machinery | 87.76M | 77.14M | 61.86M | 53.03M | 36.29M | |
| Leasehold Improvements | 14.41M | 13.69M | 12.97M | 10.68M | 10.51M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -9.50M | -10.85M | 40.84M | -43.37M | -24.30M | -51.26M |
| Depreciation & Amortization | 15.50M | 15.04M | 13.59M | 13.62M | 6.04M | 4.60M |
| Other Amortization | 1.97M | 1.80M | 1.64M | 1.61M | 1.60M | 568.00K |
| Loss (Gain) From Sale of Assets | 114.00K | 57.00K | ||||
| Asset Writedown & Restructuring Costs | 366.00K | |||||
| Loss (Gain) From Sale of Investments | -1.16M | -2.34M | -1.12M | -1.64M | -233.00K | 896.00K |
| Stock-Based Compensation | 62.26M | 55.26M | 56.55M | 47.99M | 42.44M | 40.50M |
| Other Operating Activities | 13.22M | 14.63M | 419.00K | 639.00K | 2.23M | 10.87M |
| Change in Accounts Receivable | -16.95M | -13.73M | -2.00M | -3.71M | -14.55M | -10.45M |
| Change in Inventory | 9.23M | 14.49M | -2.22M | -49.58M | -24.44M | 14.37M |
| Change in Accounts Payable | -2.60M | -3.38M | 9.27M | -12.30M | 7.37M | 2.34M |
| Change in Unearned Revenue | -828.00K | 373.00K | 48.00K | -1.86M | 1.80M | -6.29M |
| Change in Other Net Operating Assets | 5.08M | -12.56M | 10.94M | -786.00K | 2.61M | 317.00K |
| Operating Cash Flow | 76.33M | 58.75M | 128.31M | -49.38M | 641.00K | 6.46M |
| Capital Expenditures | -10.70M | -12.86M | -17.11M | -18.59M | -12.08M | -16.23M |
| Sale of Property, Plant & Equipment | 234.00K | 279.00K | ||||
| Cash Acquisitions | -23.36M | |||||
| Sale (Purchase) of Intangibles | -250.00K | |||||
| Investment in Securities | 22.02M | -35.15M | -175.46M | 157.77M | -91.00M | -2.41M |
| Investing Cash Flow | 11.31M | -48.02M | -192.57M | 115.81M | -102.80M | -18.64M |
| Long-Term Debt Issued | 183.66M | 278.42M | ||||
| Long-Term Debt Repaid | -190.00M | -17.56M | -183.63M | |||
| Net Debt Issued (Repaid) | -103.56M | -6.34M | -17.56M | 94.80M | ||
| Issuance of Common Stock | 6.07M | 11.79M | 20.28M | 8.74M | 15.42M | 17.65M |
| Repurchase of Common Stock | -3.04M | -3.17M | ||||
| Other Financing Activities | -11.21M | -4.60M | ||||
| Financing Cash Flow | -100.53M | -8.93M | 15.68M | 8.74M | -2.15M | 112.44M |
| Foreign Exchange Rate Adjustments | -97.00K | 350.00K | -159.00K | 34.00K | ||
| Net Cash Flow | -12.98M | 2.15M | -48.74M | 75.20M | -104.31M | 100.27M |
| Free Cash Flow | 65.62M | 45.88M | 111.20M | -67.97M | -11.44M | -9.77M |
| Free Cash Flow Margin | 16.93% | 12.71% | 30.38% | -22.10% | -4.44% | -5.13% |
| Free Cash Flow Per Share | 2.16 | 1.57 | 3.77 | -2.54 | -0.45 | -0.40 |
| Levered Free Cash Flow | 6.97M | 38.76M | 60.94M | -51.63M | 1.25M | 6.23M |
| Unlevered Free Cash Flow | 6.75M | 39.69M | 62.34M | -50.21M | 2.72M | 7.26M |
| Cash Interest Paid | 1.24M | 2.84M | 3.23M | 3.23M | 3.42M | 1.56M |
| Change in Working Capital | -6.06M | -14.80M | 16.04M | -68.24M | -27.20M | 288.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.54B | 5.24B | 4.11B | 2.44B | 2.83B | 2.17B |
| Enterprise Value | 5.64B | 5.34B | 4.23B | 2.62B | 2.94B | 2.15B |
| Last Close Price | 179.66 | 174.01 | 145.26 | 90.03 | 109.18 | 88.70 |
| PE Ratio | 100.62 | |||||
| Forward PE | 66.57 | 66.15 | 56.68 | 178.28 | 84.48 | 286.96 |
| PS Ratio | 14.31 | 14.51 | 11.22 | 7.92 | 10.97 | 11.39 |
| PB Ratio | 18.34 | 25.04 | 27.42 | 71.37 | 181.48 | -195.65 |
| P/TBV Ratio | 20.19 | 29.27 | 34.00 | 4,666.36 | 241.62 | |
| P/FCF Ratio | 84.48 | 114.18 | 36.95 | |||
| P/OCF Ratio | 72.64 | 89.19 | 32.03 | 4,414.04 | 335.19 | |
| PEG Ratio | 22.49 | 22.49 | 22.49 | 22.49 | 60.34 | |
| EV/Sales Ratio | 14.56 | 14.78 | 11.56 | 8.51 | 11.41 | 11.32 |
| EV/EBITDA Ratio | 443.40 | 373.12 | 410.22 | |||
| EV/FCF Ratio | 85.98 | 116.31 | 38.06 | |||
| Debt / Equity Ratio | 0.70 | 1.45 | 1.95 | 8.63 | 18.89 | -27.48 |
| Debt / EBITDA Ratio | 11.84 | 15.80 | 19.42 | |||
| Debt / FCF Ratio | 3.21 | 6.63 | 2.63 | |||
| Net Debt / Equity Ratio | 0.32 | 0.62 | 0.85 | 5.31 | 7.74 | -10.02 |
| Net Debt / EBITDA Ratio | 7.70 | 9.01 | 12.41 | -6.41 | -8.91 | -3.59 |
| Net Debt / FCF Ratio | 1.49 | 2.81 | 1.15 | -2.67 | -10.55 | -11.37 |
| Asset Turnover | 0.73 | 0.70 | 0.86 | 0.87 | 0.78 | 0.73 |
| Inventory Turnover | 2.05 | 1.86 | 1.80 | 2.17 | 3.51 | 3.13 |
| Quick Ratio | 5.38 | 1.95 | 0.67 | 5.45 | 5.28 | 6.44 |
| Current Ratio | 9.42 | 2.68 | 0.99 | 8.73 | 6.50 | 7.21 |
| Return on Equity (ROE) | -3.82% | -6.04% | 44.39% | -174.43% | -1,076.46% | -104.57% |
| Return on Assets (ROA) | -0.33% | -0.09% | -0.48% | -7.39% | -3.68% | -8.49% |
| Return on Invested Capital (ROIC) | -0.72% | -0.24% | -1.32% | -23.83% | -9.41% | -19.93% |
| Return on Capital Employed (ROCE) | -0.50% | -0.20% | -2.10% | -12.80% | -6.40% | -12.70% |
| Earnings Yield | -0.17% | -0.21% | 0.99% | -1.78% | -0.86% | -2.37% |
| FCF Yield | 1.18% | 0.88% | 2.71% | -2.79% | -0.40% | -0.45% |
| Buyback Yield / Dilution | -5.33% | 0.64% | -10.16% | -4.75% | -5.64% | -5.95% |