IMPINJ, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:49:34Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 45.88M | 111.20M | -67.97M | -11.44M | -9.77M | -20.21M |
| EBITDA | 14.30M | 6.52M | -29.86M | -13.44M | -32.65M | -42.57M |
| Working Capital | 212.69M | -4.78M | 238.82M | 232.80M | 220.30M | 143.77M |
| Net Debt | 255.99M | 246.75M | 199.79M | 274.83M | 180.47M | 49.83M |
| Gross Margin | 52.53% | 51.59% | 49.42% | 53.48% | 52.00% | 46.89% |
| Operating Margin | -0.20% | -1.93% | -14.14% | -7.56% | -19.58% | -33.88% |
| Net Margin | -3.00% | 11.16% | -14.10% | -9.43% | -26.94% | -37.38% |
| Return on Equity (ROE) | -5.18% | 27.25% | -127.06% | -155.87% | 462.80% | -47.58% |
| Return on Assets (ROA) | -1.99% | 8.35% | -12.07% | -6.95% | -16.25% | -25.01% |
| Current Ratio | 2.68× | 0.99× | 8.73× | 6.49× | 7.21× | 6.21× |
| Debt-to-Equity | 1.45× | 1.95× | 8.63× | 18.88× | -27.48× | 0.67× |
| Effective Tax Rate | 0.63% | 0.38% | 0.74% | -0.76% | -0.30% | -0.17% |
| Cash Conversion Ratio | -5.42× | 3.14× | 1.14× | -0.03× | -0.13× | 0.33× |
| Accruals Ratio | -0.13× | -0.18× | 0.02× | -0.07× | -0.18× | -0.17× |
| SBC % of Revenue | 15.31% | 15.45% | 15.60% | 16.46% | 21.28% | 18.48% |
| CapEx Coverage | 4.57× | 7.50× | -2.66× | 0.05× | 0.40× | -5.07× |
| Free Cash Flow Per Share | $1.57 | $3.77 | $-2.54 | $-0.45 | $-0.40 | $-0.89 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 104.50× | — | — | — | — |
| P/FCF | 111.05× | 38.50× | — | — | — | — |
| FCF Yield | 0.90% | 2.60% | — | — | — | — |
| EV / EBITDA | 385.58× | 672.99× | — | — | — | — |
| P/S | 14.56× | 11.31× | 7.95× | 11.05× | 11.53× | 7.04× |
| P/B | 25.13× | 27.63× | 71.66× | 182.76× | — | 8.96× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 361.07M | 366.09M | 307.54M | 257.80M | 190.28M | 138.92M |
| Cost of Goods and Services Sold | 171.40M | 177.23M | 155.56M | 119.92M | 91.33M | 73.78M |
| Gross Profit | 189.68M | 188.85M | 151.98M | 137.88M | 98.95M | 65.14M |
| Research and Development Expense | 102.61M | 98.83M | 88.56M | 74.11M | 64.06M | 48.59M |
| Operating Expenses | 190.41M | 195.92M | 195.47M | 157.36M | 136.20M | 112.21M |
| Operating Income (Loss) | -737.00K | -7.07M | -43.48M | -19.48M | -37.25M | -47.07M |
| Income Tax Expense (Benefit) | -69.00K | 157.00K | -322.00K | 184.00K | 153.00K | 89.00K |
| Net Income (Loss) Attributable to Parent | -10.85M | 40.84M | -43.37M | -24.30M | -51.26M | -51.92M |
| Earnings Per Share, Basic | $-0.37 | $1.46 | $-1.62 | $-0.95 | $-2.12 | $-2.28 |
| Weighted Average Number of Shares Outstanding, Basic | 29.28M | 27.95M | 26.75M | 25.54M | 24.18M | 22.82M |
| Earnings Per Share, Diluted | $-0.37 | $1.39 | $-1.62 | $-0.95 | $-2.12 | $-2.28 |
| Weighted Average Number of Shares Outstanding, Diluted | 29.28M | 29.47M | 26.75M | 25.54M | 24.18M | 22.82M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 48.21M | 46.05M | 94.79M | 19.60M | 123.90M | 23.64M |
| Assets, Current | 339.22M | 326.40M | 269.70M | 275.17M | 255.80M | 171.36M |
| Assets | 545.19M | 489.08M | 359.41M | 349.74M | 315.54M | 207.62M |
| Long-term Debt | 280.89M | 283.49M | — | 280.24M | 288.29M | 54.56M |
| Liabilities, Current | 126.53M | 331.18M | 30.88M | 42.37M | 35.50M | 27.59M |
| Long-term Debt, Excluding Current Maturities | 184.14M | — | 281.86M | 280.24M | 278.66M | 54.56M |
| Liabilities | 335.95M | 339.22M | 325.28M | 334.15M | 326.61M | 98.50M |
| Stockholders' Equity Attributable to Parent | 209.23M | 149.86M | 34.13M | 15.59M | -11.08M | 109.12M |
| Common Stock, Shares, Outstanding | 30.22M | 28.50M | 27.17M | 26.10M | 24.74M | 23.35M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 58.75M | 128.31M | -49.38M | 641.00K | 6.46M | -16.88M |
| Payments to Acquire Property, Plant, and Equipment | 12.86M | 17.11M | 18.59M | 12.08M | 16.23M | 3.07M |
| Net Cash Provided by (Used in) Investing Activities | -48.02M | -192.57M | 115.81M | -102.80M | -18.64M | -36.29M |
| Net Cash Provided by (Used in) Financing Activities | -8.93M | 15.68M | 8.74M | -2.15M | 112.44M | 9.90M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 2.23M | 13.62M | 32.27M | 14.31M | -13.01M | 8.49M |
| EBITDA | -11.32M | 1.26M | — | — | -6.05M | -180.00K |
| Working Capital | 266.54M | 212.69M | 219.99M | 319.72M | 280.40M | -4.78M |
| Net Debt | 232.77M | 255.99M | 235.81M | 249.98M | 231.03M | 246.75M |
| Gross Margin | 49.10% | 51.76% | 50.31% | 57.83% | 49.38% | 50.48% |
| Operating Margin | -20.43% | -2.91% | 0.68% | 11.11% | -12.88% | -3.95% |
| Net Margin | -34.02% | -1.23% | -13.34% | 11.80% | -11.38% | -2.94% |
| Return on Equity (ROE) | -12.39% | -0.54% | -6.57% | 6.16% | -5.26% | -1.79% |
| Return on Assets (ROA) | -5.03% | -0.21% | -2.48% | 2.27% | -1.76% | -0.55% |
| Current Ratio | 9.20× | 2.68× | 2.67× | 11.64× | 10.96× | 0.99× |
| Debt-to-Equity | 1.30× | 1.45× | 1.47× | 1.56× | 1.82× | 1.95× |
| Effective Tax Rate | -0.19% | -15.40% | 0.69% | 1.27% | 3.22% | 1.36% |
| Cash Conversion Ratio | -0.16× | -13.29× | -3.40× | 1.97× | 1.32× | -4.69× |
| Accruals Ratio | -0.06× | -0.03× | -0.11× | -0.02× | 0.01× | -0.03× |
| SBC % of Revenue | 19.79% | 16.34% | 41.74% | 26.09% | 16.86% | 16.61% |
| CapEx Coverage | 2.28× | 9.97× | 3.84× | 2.70× | -5.98× | 3.05× |
| Free Cash Flow Per Share | $0.07 | $0.47 | $1.10 | $0.48 | $-0.45 | $0.29 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | — | 106.81× |
| P/S | 8.66× | 14.56× | 15.13× | 9.00× | 7.22× | 11.31× |
| P/B | 15.34× | 25.13× | 27.91× | 17.21× | 16.34× | 27.63× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 74.25M | 92.85M | 96.06M | 97.89M | 74.28M | 91.57M |
| Cost of Goods and Services Sold | 37.79M | 44.79M | 47.73M | 41.28M | 37.60M | 45.35M |
| Gross Profit | 36.46M | 48.05M | 48.33M | 56.61M | 36.68M | 46.22M |
| Research and Development Expense | 28.72M | 26.93M | 25.72M | 24.65M | 25.31M | 25.89M |
| Operating Expenses | 51.63M | 50.75M | 47.67M | 45.74M | 46.25M | 49.84M |
| Operating Income (Loss) | -15.17M | -2.70M | 656.00K | 10.87M | -9.57M | -3.61M |
| Income Tax Expense (Benefit) | 48.00K | 152.00K | -89.00K | 149.00K | -281.00K | -37.00K |
| Net Income (Loss) Attributable to Parent | -25.26M | -1.14M | -12.81M | 11.55M | -8.45M | -2.69M |
| Earnings Per Share, Basic | $-0.83 | $-0.04 | $-0.44 | $0.40 | $-0.30 | $-0.11 |
| Weighted Average Number of Shares Outstanding, Basic | 30.29M | 29.28M | 29.34M | 29.01M | 28.64M | 27.95M |
| Earnings Per Share, Diluted | $-0.83 | $-0.04 | $-0.44 | $0.39 | $-0.30 | $-0.09 |
| Weighted Average Number of Shares Outstanding, Diluted | 30.29M | 29.28M | 29.34M | 29.66M | 28.64M | 29.47M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 32.30M | 48.21M | 51.73M | 42.42M | 61.32M | 46.05M |
| Assets, Current | 299.04M | 339.22M | 351.78M | 349.77M | 308.57M | 326.40M |
| Assets | 502.52M | 545.19M | 516.46M | 508.82M | 479.82M | 489.08M |
| Long-term Debt | 241.47M | 280.89M | 280.36M | — | — | 283.49M |
| Liabilities, Current | 32.50M | 126.53M | 131.79M | 30.05M | 28.16M | 331.18M |
| Long-term Debt, Excluding Current Maturities | 241.47M | 184.14M | 183.75M | 284.32M | 283.90M | — |
| Liabilities | 298.62M | 335.95M | 321.50M | 321.13M | 319.26M | 339.22M |
| Stockholders' Equity Attributable to Parent | 203.91M | 209.23M | 194.96M | 187.69M | 160.56M | 149.86M |
| Common Stock, Shares, Outstanding | 30.46M | 30.22M | 30.11M | 29.09M | 28.93M | 28.50M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 3.98M | 15.14M | 43.61M | 22.72M | -11.14M | 12.62M |
| Payments to Acquire Property, Plant, and Equipment | 1.75M | 1.52M | 11.34M | 8.40M | 1.86M | 4.13M |
| Net Cash Provided by (Used in) Investing Activities | 25.73M | -18.80M | -29.22M | -31.69M | 21.23M | -43.87M |
| Net Cash Provided by (Used in) Financing Activities | -45.57M | 149.00K | -9.08M | 4.96M | 5.06M | 3.78M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (PI CIK 0001114995),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.