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Stocks · Technology · Electronic Components, NEC

IMPINJ INC

PI Clue Score45
United States Fiscal year ends December CIK 0001114995
$189.63 +3.37% Close, 9 Oct 2026
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Price $189.63 +265.80% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue112.3Operating income−0.5Net income−1.7Fiscal year 2017Revenue125.3 +11.6%Operating income−17.0Net income−17.3Fiscal year 2018Revenue122.6 −2.1%Operating income−34.9Net income−35.2Fiscal year 2019Revenue152.8 +24.6%Operating income−21.7Net income−23.0Fiscal year 2020Revenue138.9 −9.1%Operating income−47.1Net income−51.9EPS, diluted−2.28Fiscal year 2021Revenue190.3 +37.0%Operating income−37.2Net income−51.3EPS, diluted−2.12Fiscal year 2022Revenue257.8 +35.5%Operating income−19.5Net income−24.3EPS, diluted−0.95Fiscal year 2023Revenue307.5 +19.3%Operating income−43.5Net income−43.4EPS, diluted−1.62Fiscal year 2024Revenue366.1 +19.0%Operating income−7.1Net income40.8EPS, diluted1.39Fiscal year 2025Revenue361.1 −1.4%Operating income−0.7Net income−10.8 −126.6%EPS, diluted−0.37 −126.6%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 112.3 125.3 122.6 152.8 138.9 190.3 257.8 307.5 366.1 361.1
Growth +11.6% −2.1% +24.6% −9.1% +37.0% +35.5% +19.3% +19.0% −1.4%
Operating income −0.5 −17.0 −34.9 −21.7 −47.1 −37.2 −19.5 −43.5 −7.1 −0.7
Net income −1.7 −17.3 −35.2 −23.0 −51.9 −51.3 −24.3 −43.4 40.8 −10.8
Growth −126.6%
EPS, diluted n/a n/a n/a n/a −2.28 −2.12 −0.95 −1.62 1.39 −0.37
Growth −126.6%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin52.9%Operating margin−0.4%Net margin−1.5%Free cash flow margin−11.6%Fiscal year 2017Gross margin51.8%Operating margin−13.6%Net margin−13.8%Free cash flow margin−33.9%Fiscal year 2018Gross margin47.5%Operating margin−28.4%Net margin−28.7%Free cash flow margin−14.8%Fiscal year 2019Gross margin48.4%Operating margin−14.2%Net margin−15.0%Free cash flow margin1.5%Fiscal year 2020Gross margin46.9%Operating margin−33.9%Net margin−37.4%Free cash flow margin−14.4%Fiscal year 2021Gross margin52.0%Operating margin−19.6%Net margin−26.9%Free cash flow margin−5.1%Fiscal year 2022Gross margin53.5%Operating margin−7.6%Net margin−9.4%Free cash flow margin−4.4%Fiscal year 2023Gross margin49.4%Operating margin−14.1%Net margin−14.1%Free cash flow margin−22.1%Fiscal year 2024Gross margin51.6%Operating margin−1.9%Net margin11.2%Free cash flow margin30.4%Fiscal year 2025Gross margin52.5%Operating margin−0.2%Net margin−3.0%Free cash flow margin12.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
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%
Free cash flow margin −11.6% −33.9% −14.8% 1.5% −14.4% −5.1% −4.4% −22.1% 30.4% 12.7%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow−9.5Capital expenditure−3.5Free cash flow−13.0Fiscal year 2017Operating cash flow−35.9Capital expenditure−6.6Free cash flow−42.4Fiscal year 2018Operating cash flow−11.8Capital expenditure−6.4Free cash flow−18.1Fiscal year 2019Operating cash flow4.7Capital expenditure−2.4Free cash flow2.3Fiscal year 2020Operating cash flow−16.9Capital expenditure−3.1Free cash flow−20.0 −975.4%Fiscal year 2021Operating cash flow6.5Capital expenditure−16.2Free cash flow−9.8Fiscal year 2022Operating cash flow0.6Capital expenditure−12.1Free cash flow−11.4Fiscal year 2023Operating cash flow−49.4Capital expenditure−18.6Free cash flow−68.0Fiscal year 2024Operating cash flow128.3Capital expenditure−17.1Free cash flow111.2Fiscal year 2025Operating cash flow58.7Capital expenditure−12.9Free cash flow45.9 −58.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −9.5 −35.9 −11.8 4.7 −16.9 6.5 0.6 −49.4 128.3 58.7
Capital expenditure −3.5 −6.6 −6.4 −2.4 −3.1 −16.2 −12.1 −18.6 −17.1 −12.9
Free cash flow −13.0 −42.4 −18.1 2.3 −20.0 −9.8 −11.4 −68.0 111.2 45.9
Growth −975.4% −58.7%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash33.6Total debt12.3Net cash (debt)21.4Shareholders’ equity124.0Debt to equity0.10Fiscal year 2017Cash19.3Total debt9.6Net cash (debt)9.7Shareholders’ equity118.9Debt to equity0.08Fiscal year 2018Cash17.5Total debt23.6Net cash (debt)−6.0Shareholders’ equity97.9Debt to equity0.24Fiscal year 2019Cash66.9Total debt50.9Net cash (debt)16.0Shareholders’ equity125.2Debt to equity0.41Fiscal year 2020Cash23.6Total debt54.6Net cash (debt)−30.9Shareholders’ equity109.1Debt to equity0.50Fiscal year 2021Cash123.9Total debt288.3Net cash (debt)−164.4Shareholders’ equity−11.1Fiscal year 2022Cash19.6Total debt280.2Net cash (debt)−260.6Shareholders’ equity15.6Debt to equity17.97Fiscal year 2023Cash94.8Total debt281.9Net cash (debt)−187.1Shareholders’ equity34.1Debt to equity8.26Fiscal year 2024Cash46.1Total debt567.0Net cash (debt)−520.9Shareholders’ equity149.9Debt to equity3.78Fiscal year 2025Cash48.2Total debt280.9Net cash (debt)−232.7Shareholders’ equity209.2Debt to equity1.34
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 33.6 19.3 17.5 66.9 23.6 123.9 19.6 94.8 46.1 48.2
Total debt 12.3 9.6 23.6 50.9 54.6 288.3 280.2 281.9 567.0 280.9
Net cash (debt) 21.4 9.7 −6.0 16.0 −30.9 −164.4 −260.6 −187.1 −520.9 −232.7
Shareholders’ equity 124.0 118.9 97.9 125.2 109.1 −11.1 15.6 34.1 149.9 209.2
Debt to equity 0.10 0.08 0.24 0.41 0.50 n/a 17.97 8.26 3.78 1.34

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
112.3 125.3 122.6 152.8 138.9 190.3 257.8 307.5 366.1 361.1
Growth +11.6% −2.1% +24.6% −9.1% +37.0% +35.5% +19.3% +19.0% −1.4%
52.8 60.4 64.4 78.8 73.8 91.3 119.9 155.6 177.2 171.4
59.5 64.9 58.3 74.0 65.1 99.0 137.9 152.0 188.9 189.7
Growth +9.2% −10.3% +27.0% −12.0% +51.9% +39.3% +10.2% +24.3% +0.4%
25.2 32.2 34.2 38.9 48.6 64.1 74.1 88.6 98.8 102.6
12.4 18.2 22.3 24.1 35.0 36.1 45.5 60.8 51.8 49.2
−0.5 −17.0 −34.9 −21.7 −47.1 −37.2 −19.5 −43.5 −7.1 −0.7
Growth
−1.5 −17.4 −35.5 −22.8 −51.8 −51.1 −24.1 −43.7 41.0 −10.9
0.2 −0.1 −0.2 0.2 0.1 0.2 0.2 −0.3 0.2 −0.1
−1.7 −17.3 −35.2 −23.0 −51.9 −51.3 −24.3 −43.4 40.8 −10.8
Growth −126.6%
Per share
n/a n/a n/a n/a −2.28 −2.12 −0.95 −1.62 1.46 −0.37
n/a n/a n/a n/a −2.28 −2.12 −0.95 −1.62 1.39 −0.37
Growth −126.6%
n/a n/a n/a n/a 22.8 24.2 25.5 26.8 28.0 29.3
n/a n/a n/a n/a 22.8 24.2 25.5 26.8 29.5 29.3
Growth +5.9% +5.6% +4.7% +10.2% −0.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 21.0% a year over five years.
  • The diluted share count rose 28.3% in five years, which is dilution.
  • Operating margin is up 33.7 points on five years ago, at -0.2%.
  • A net loss in 9 of 10 years on file.