PI
$175.37-8.13%
Impinj Inc.Stock · TechnologyRussell 2000 0.1%US Stock Market 0.006%Nasdaq Composite 0.006%Russell 3000 0.005%
PI financial statements
The full income statement, balance sheet, and cash-flow statement for Impinj Inc. (PI), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 28.1M2024-09 28.3M2024-12 28.5M2025-03 29.0M2025-06 29.1M2025-09 30.1M2025-12 30.2M2026-03 30.5M2026-06 30.6M+8.7% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 361M-1.4% | 366M+19.0% | 308M+19.3% | 258M+35.5% | 190M+37.0% | |
| 190M+0.4% | 189M+24.3% | 152M+10.2% | 138M+39.3% | 99.0M+51.9% | ||
| Cost of revenue | 171M-3.3% | 177M+13.9% | 156M+29.7% | 120M+31.3% | 91.3M+23.8% | |
| 190M-2.8% | 196M+0.2% | 195M+24.2% | 157M+15.5% | 136M+21.4% | ||
| Research & development | 103M+3.8% | 98.8M+11.6% | 88.6M+19.5% | 74.1M+15.7% | 64.1M+31.8% | |
| Selling, general & administrative | 49.2M-5.0% | 51.8M-14.8% | 60.8M+33.8% | 45.5M+25.8% | 36.1M+3.4% | |
| General & administrative | 49.2M-5.0% | 51.8M-14.8% | 60.8M+33.8% | 45.5M+25.8% | 36.1M+3.4% | |
| Selling & marketing | 36.5M-10.0% | 40.6M-1.3% | 41.1M+8.5% | 37.9M+10.5% | 34.3M+19.6% | |
| Restructuring | 0.00-100.0% | 1.81M | 0.00+100.0% | -102K-105.9% | 1.72M | |
| Amortization of intangibles | 2.08M-28.4% | 2.90M-41.4% | 4.95M | 0.00 | — | |
| Operating income | -737K+89.6% | -7.07M+83.7% | -43.5M-123.2% | -19.5M+47.7% | -37.2M+20.9% | |
| Interest expense | 4.37M-10.4% | 4.87M+0.5% | 4.85M-1.5% | 4.92M+93.1% | 2.55M-52.9% | |
| Other non-operating income | 9.21M+16.1% | 7.94M+70.9% | 4.64M+84.5% | 2.52M+9968.0% | 25.0K-96.2% | |
| Pre-tax income | -10.9M-126.6% | 41.0M+193.8% | -43.7M-81.2% | -24.1M+52.8% | -51.1M+1.4% | |
| Income tax | -69.0K-143.9% | 157K+148.8% | -322K-275.0% | 184K+20.3% | 153K+71.9% | |
| -10.8M-126.6% | 40.8M+194.2% | -43.4M-78.5% | -24.3M+52.6% | -51.3M+1.3% | ||
| Net income to common | — | 40.8M+194.2% | -43.4M-78.5% | -24.3M | — | |
| -$0.37-126.6% | $1.39+185.8% | -$1.62-70.5% | -$0.95+55.2% | -$2.12+7.0% | ||
| EPS (basic) | -$0.37-125.3% | $1.46+190.1% | -$1.62-70.5% | -$0.95+55.2% | -$2.12+7.0% | |
| Weighted-avg shares (basic) | 29.3M+4.8% | 28.0M+4.5% | 26.8M+4.7% | 25.5M+5.6% | 24.2M+5.9% | |
| Weighted-avg shares (diluted) | 29.3M-0.6% | 29.5M+10.2% | 26.8M+4.7% | 25.5M+5.6% | 24.2M+5.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 339M+3.9% | 326M+21.0% | 270M-2.0% | 275M+7.6% | 256M+49.3% | ||
| Cash & equivalents | 48.2M+4.7% | 46.1M-51.4% | 94.8M+383.7% | 19.6M-84.2% | 124M+424.2% | |
| Short-term investments | 127M+7.1% | 119M+543.5% | 18.4M-88.0% | 154M+122.0% | 69.4M-15.8% | |
| Accounts receivable | 70.8M+24.6% | 56.8M+3.4% | 54.9M+9.8% | 50.0M+41.0% | 35.4M+41.8% | |
| Inventory | 85.0M-14.5% | 99.3M+2.2% | 97.2M+109.4% | 46.4M+111.3% | 22.0M-39.6% | |
| Prepaid expenses | 8.13M+46.9% | 5.54M+26.6% | 4.37M-13.1% | 5.03M-0.3% | 5.05M+28.0% | |
| 545M+11.5% | 489M+36.1% | 359M+2.8% | 350M+10.8% | 316M+52.0% | ||
| Property, plant & equipment | 50.3M-0.6% | 50.6M+12.7% | 44.9M+15.0% | 39.0M+41.9% | 27.5M+66.4% | |
| Operating lease right-of-use | 20.9M+192.6% | 7.14M-26.6% | 9.73M-7.2% | 10.5M-10.1% | 11.7M-15.2% | |
| Goodwill | 20.7M+10.7% | 18.7M-4.9% | 19.7M+407.5% | 3.88M+0.0% | 3.88M | |
| Intangible assets | 9.50M-7.7% | 10.3M-26.0% | 13.9M | — | — | |
| Long-term investments | 104M+38.6% | 74.9M | — | 19.2M+35.0% | 14.2M | |
| Other non-current assets | 795K-23.9% | 1.04M-29.3% | 1.48M-24.9% | 1.97M-20.0% | 2.46M+18.4% | |
| 127M-61.8% | 331M+972.5% | 30.9M-27.1% | 42.4M+19.3% | 35.5M+28.7% | ||
| Accounts payable | 13.6M-21.1% | 17.3M+99.2% | 8.66M-65.4% | 25.0M+113.3% | 11.7M+15.7% | |
| Deferred revenue | 1.79M-3.1% | 1.85M+7.9% | 1.71M-23.9% | 2.25M+303.2% | 558K-91.8% | |
| Short-term & current debt | 96.7M-65.9% | 283M | — | — | 9.63M | |
| Current lease liability | 776K-78.4% | 3.59M+6.4% | 3.37M+8.0% | 3.12M-24.6% | 4.14M+13.8% | |
| 336M-1.0% | 339M+4.3% | 325M-2.7% | 334M+2.3% | 327M+231.6% | ||
| Long-term debt | 184M-35.0% | 283M+0.6% | 282M+0.6% | 280M+0.6% | 279M+410.8% | |
| Deferred revenue (non-current) | 690K+475.0% | 120K-55.9% | 272K-22.1% | 349K+47.9% | 236K-14.8% | |
| Non-current lease liability | 22.5M+294.1% | 5.72M-38.9% | 9.36M-15.4% | 11.1M-7.3% | 11.9M-21.8% | |
| Operating lease liability (total) | 23.3M+150.5% | 9.31M-26.9% | 12.7M-10.3% | 14.2M-11.7% | 16.1M-15.0% | |
| Deferred tax liabilities | 2.06M-6.3% | 2.20M-24.4% | 2.91M+2366.9% | 118K | — | |
| Other non-current liabilities | — | — | — | 118K-57.7% | 279K-65.3% | |
| 209M+39.6% | 150M+339.1% | 34.1M+118.9% | 15.6M+240.8% | -11.1M-110.2% | ||
| Common stock | 30.0K+3.4% | 29.0K+7.4% | 27.0K+3.8% | 26.0K+4.0% | 25.0K+8.7% | |
| Additional paid-in capital | 607M+12.2% | 541M+16.6% | 464M+14.9% | 404M+14.8% | 351M-17.1% | |
| Retained earnings | -400M-2.8% | -389M+9.5% | -430M-11.2% | -387M-6.7% | -362M-15.2% | |
| Accumulated other comprehensive income | 2.51M+229.2% | -1.94M-647.0% | 355K+128.4% | -1.25M-3102.6% | -39.0K-1400.0% | |
| Total liabilities & equity | 545M+11.5% | 489M+36.1% | 359M+2.8% | 350M+10.8% | 316M+52.0% | |
| Common shares issued | 30.2M+6.0% | 28.5M+4.9% | 27.2M+4.1% | 26.1M+5.5% | 24.7M+5.9% | |
| Common shares outstanding | 30.2M+6.0% | 28.5M+4.9% | 27.2M+4.1% | 26.1M+5.5% | 24.7M+5.9% | |
| Shares outstanding (cover) | 30.2M+5.9% | 28.5M+4.9% | 27.2M+4.0% | 26.2M+5.6% | 24.8M+5.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 58.7M-54.2% | 128M+359.8% | -49.4M-7803.9% | 641K-90.1% | 6.46M+138.3% | ||
| Depreciation & amortization | 15.0M+10.7% | 13.6M-0.3% | 13.6M+125.4% | 6.04M+31.3% | 4.60M+2.2% | |
| Intangible amortization | 2.08M-28.4% | 2.90M-41.4% | 4.95M | 0.00 | — | |
| Share-based compensation | 55.3M-2.3% | 56.5M+17.8% | 48.0M+13.1% | 42.4M+4.8% | 40.5M+57.7% | |
| Deferred income taxes | -396K+30.2% | -567K+39.1% | -931K-15616.7% | 6.00K-25.0% | 8.00K+118.6% | |
| Change in receivables | 13.7M+586.6% | 2.00M-46.2% | 3.71M-74.5% | 14.5M+39.3% | 10.4M+723.8% | |
| Change in inventory | -14.5M-752.6% | 2.22M-95.5% | 49.6M+102.9% | 24.4M+270.1% | -14.4M-760.4% | |
| Change in payables | -3.38M-136.4% | 9.27M+175.3% | -12.3M-266.9% | 7.37M+215.0% | 2.34M-33.0% | |
| -48.0M+75.1% | -193M-266.3% | 116M+212.7% | -103M-451.4% | -18.6M+48.6% | ||
| Capital expenditure | 12.9M-24.8% | 17.1M-8.0% | 18.6M+53.9% | 12.1M-25.6% | 16.2M+428.0% | |
| Free cash flow | 45.9M-58.7% | 111M+263.6% | -68.0M-494.3% | -11.4M-17.1% | -9.77M+51.1% | |
| Acquisitions | 0.00 | 0.00-100.0% | 23.4M | 0.00 | 0.00 | |
| Purchases of investments | 203M+0.4% | 202M | — | 206M+143.7% | 84.4M+2.0% | |
| Sales/maturities of investments | 155M+481.4% | 26.6M-81.6% | 144M+25.8% | 115M+39.9% | 82.0M+65.6% | |
| Proceeds from sale of PP&E | — | — | 234K-16.1% | 279K | — | |
| -8.93M-156.9% | 15.7M+79.5% | 8.74M+506.7% | -2.15M-101.9% | 112M+1035.6% | ||
| Long-term debt issued | 184M | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 2.15M+104.4% | -48.7M-164.8% | 75.2M+172.1% | -104M-204.0% | 100M+331.8% | |
| Interest paid | 2.84M-12.3% | 3.23M+0.0% | 3.23M-5.4% | 3.42M+119.4% | 1.56M-9.4% | |
| Income taxes paid | 633K-12.0% | 719K+41.8% | 507K | — | — | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 5.26B+26.9% | 4.15B+70.2% | 2.44B-13.9% | 2.83B+28.8% | 2.20B+124.2% | |
| P/E | — | 101.5× | — | — | — | |
| P/S | 14.6×+28.7% | 11.3×+45.7% | 7.8×-35.8% | 12.1×+4.8% | 11.5×+63.7% | |
| P/B | 25.1×-9.1% | 27.7×-60.5% | 70.0×-94.9% | 1372.8× | — | |
| P/FCF | 114.6×+207.5% | 37.3× | — | — | — | |
| Earnings yield | — | 0.99% | — | — | — | |
| FCF yield | 0.87%-67.5% | 2.7% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PI’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PI filings on SEC EDGAR → Not investment advice.