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Nasdaq · Technology

IMPINJ INC (PI)

As-reported financials and SEC filings for IMPINJ INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About IMPINJ INC

Impinj Inc designs and sells a platform that enables wireless connectivity between physical items and the cloud using RAIN RFID technology. Its products include endpoint integrated circuits (ICs) embedded in items, reader ICs and finished readers that detect and communicate with these endpoint ICs, tag production systems, software, and cloud services. Impinj serves enterprises across various industries such as retail, supply chain and logistics, healthcare, automotive, and food service to provide item visibility, traceability, and operational efficiency.

Snapshot

Revenue
$361.1M
Revenue growth (YoY)
-1.4%
Net income
$-10.8M
Diluted EPS
$-0.37
Gross margin
52.5%
Operating margin
-0.2%
Net margin
-3.0%
FCF margin
12.7%
ROE
-5.2%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$5.33B
Long-term debt / equity
0.88×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Impinj

  • Revenue fell 1.4% to $361M in FY2025, slower than the 19.0% the year before.
  • Operating margin is -0.2% in FY2025, +19.4 pp against -19.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $108M, up 10.7% from Q2 FY2025.
  • Free cash flow was $46M in FY2025, 12.7% of revenue.
  • Net income turned to a $11M loss in FY2025, from a $41M profit in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Impinj’s fundamentals sit among the 625 Technology companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin52.5%
53rd percentile of 509
Operating margin-0.2%
41st percentile of 563
Net margin-3.0%
36th percentile of 577
FCF margin12.7%
56th percentile of 544
Revenue growth (YoY)-1.4%
23rd percentile of 616
ROE-5.2%
33rd percentile of 540
Long-term debt / equity0.88×
77th percentile of 278
Short interest5.79d
79th percentile of 622

No reported insider purchases (code P) in the last 90 days; 7 insider sales totaling $18.1M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+5 quant / multi-strat
Initiated / added
4
0 new, 4 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$247.6M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$119.5M834.4KAdded
Point72 Asset ManagementquantQ2 2026$58.5M408.3KAdded
Whale Rock Capital ManagementQ2 2026$58.0M405.2KHeld
Citadel AdvisorsquantQ2 2026$8.9M62.1KAdded
AQR Capital ManagementquantQ2 2026$1.2M8.6KReduced
D. E. ShawquantQ2 2026$1.1M7.6KAdded
Soros Fund ManagementQ2 2026$304,9372.1KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
7
$18.1M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-10
filed 2026-08-12
Baker CaryCHIEF FINANCIAL OFFICERSell1.4K$185.00$264K
2026-06-09
filed 2026-06-10
SYLEBRA CAPITAL LLCDirectorSell12.1K$127.36$1.5M
2026-06-08
filed 2026-06-10
SYLEBRA CAPITAL LLCDirectorSell33.0K$130.07$4.3M
2026-06-08
filed 2026-06-10
SYLEBRA CAPITAL LLCDirectorSell12.5K$125.97$1.6M
2026-06-05
filed 2026-06-09
SYLEBRA CAPITAL LLCDirectorSell35.9K$122.50$4.4M
2026-06-05
filed 2026-06-09
SYLEBRA CAPITAL LLCDirectorSell11.6K$128.87$1.5M
2026-06-04
filed 2026-06-08
SYLEBRA CAPITAL LLCDirectorSell33.4K$136.84$4.6M
2026-06-03
filed 2026-06-04
SYLEBRA CAPITAL LLCDirectorSell6.3K$139.17$879K
2026-06-02
filed 2026-06-04
SYLEBRA CAPITAL LLCDirectorSell38.7K$142.31$5.5M
2026-06-01
filed 2026-06-02
SYLEBRA CAPITAL LLCDirectorSell7.2K$144.29$1.0M
2026-05-29
filed 2026-06-02
SYLEBRA CAPITAL LLCDirectorSell48.5K$150.78$7.3M
2026-05-11
filed 2026-05-12
SYLEBRA CAPITAL LLCDirectorSell24.1K$154.46$3.7M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.0M
settled 2026-08-14
Change vs prior
-1.5%
vs previous settlement
Days to cover
5.79
at avg daily volume
Avg daily volume
510.7K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.0M-1.5%5.79
2026-07-313.0M-10.4%6.41
2026-07-153.4M+0.5%12.17
2026-06-303.3M-2.4%7.37
2026-06-153.4M+5.0%7.62
2026-05-293.3M+12.3%7.14
2026-05-152.9M-5.0%5.98
2026-04-303.1M-0.8%4.59

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$361.1M$366.1M$307.5M$257.8M$190.3M
Gross profit$189.7M$188.9M$152.0M$137.9M$99.0M
Operating income$-737,000$-7.1M$-43.5M$-19.5M$-37.2M
Net income$-10.8M$40.8M$-43.4M$-24.3M$-51.3M
Diluted EPS$-0.37$1.39$-1.62$-0.95$-2.12

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$58.7M$128.3M$-49.4M$641,000$6.5M
Capital expenditure$12.9M$17.1M$18.6M$12.1M$16.2M
Free cash flow$45.9M$111.2M$-68.0M$-11.4M$-9.8M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$108.4M10.7%$12.2M$0.39
Q1 FY2026$74.3M-0.0%$-25.3M$-0.83
Q4 FY2025$92.8M1.4%$-1.1M$-0.04
Q3 FY2025$96.1M0.9%$-12.8M$-0.44
Q2 FY2025$97.9M-4.5%$11.6M$0.39
Q1 FY2025$74.3M-3.3%$-8.5M$-0.30
Q4 FY2024$91.6M29.6%$-2.7M$-0.12
Q3 FY2024$95.2M46.4%$221,000$0.01

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industryElectronic Components, NEC
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK1114995

Selected SEC filings

10-K2026-02-09
View on EDGAR →
10-Q2026-07-29
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
8-K2026-07-29
View on EDGAR →
8-K2026-05-29
View on EDGAR →
8-K2026-04-29
View on EDGAR →
8-K2026-03-16
View on EDGAR →

Largest Technology peers

All Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.