Saturday 17 October 2026
Export PI’s income statement to Excel — free account
Impinj, Inc.
Impinj, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $361.1 million, down 1.37% from fiscal 2024. In the quarter to June 2026, revenue grew 10.7%, EPS was flat, free cash flow grew 6.83% and total debt fell 14.9%, each against the same quarter a year earlier.
175.37
15.51
−8.13%
Follow PI
Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 16.36 | 19.97 | 9.95 | 14.00 | 11.47 | 39.69 | 39.74 | 48.39 | 78.17 | 60.85 |
Analyst estimates 2026–2028 Powerpack |
|||
| High | 41.91 | 60.85 | 28.48 | 40.24 | 45.00 | 94.39 | 129.02 | 144.90 | 239.88 | 247.06 | |||||
| People | |||||||||||||||
| People | Employees | 245 | 311 | 282 | 272 | 310 | 332 | 389 | 475 | 241 | 457 | ||||
| Revenue/emp, $m | 0.46 | 0.40 | 0.43 | 0.56 | 0.45 | 0.57 | 0.66 | 0.65 | 1.52 | 0.79 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 112 | 125 | 123 | 153 | 139 | 190 | 258 | 308 | 366 | 361 | ||||
| Gross margin, % | 52.95 | 51.83 | 47.52 | 48.42 | 46.89 | 52.00 | 53.48 | 49.42 | 51.59 | 52.53 | |||||
| EBT | (2) | (17) | (35) | (23) | (52) | (51) | (24) | (44) | 41 | (11) | |||||
| EBT margin, % | (1.34) | (13.90) | (28.92) | (14.91) | (37.31) | (26.86) | (9.35) | (14.21) | 11.20 | (3.02) | |||||
| Net income | (2) | (17) | (35) | (23) | (52) | (51) | (24) | (43) | 41 | (11) | |||||
| Depreciation | 3 | 4 | 4 | 5 | 8 | 6 | 7 | 14 | 14 | 14 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 10.42 | 6.06 | 5.75 | 7.00 | 6.09 | 7.87 | 10.09 | 11.50 | 13.10 | 12.33 | ||||
| Earnings | (0.74) | (0.84) | (1.65) | (1.05) | (2.28) | (2.12) | (0.95) | (1.62) | 1.46 | (0.37) | |||||
| Cash flow | (0.88) | (1.74) | (0.55) | 0.22 | (0.74) | 0.27 | 0.03 | (1.85) | 4.59 | 2.01 | |||||
| Capex | (0.33) | (0.32) | (0.30) | (0.11) | (0.13) | (0.67) | (0.46) | (0.70) | (0.61) | (0.44) | |||||
| Free cash flow | (1.21) | (2.05) | (0.85) | 0.10 | (0.87) | (0.40) | (0.44) | (2.54) | 3.98 | 1.57 | |||||
| Book value | 11.51 | 5.75 | 4.59 | 5.73 | 4.78 | (0.46) | 0.61 | 1.28 | 5.36 | 7.15 | |||||
| Shares, m | 11 | 21 | 21 | 22 | 23 | 24 | 26 | 27 | 28 | 29 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 96.98 | 0.00 | ||||
| P/S | 3.39 | 3.89 | 2.53 | 3.70 | 6.88 | 11.27 | 10.92 | 7.48 | 11.09 | 14.11 | |||||
| P/B | 3.07 | 4.10 | 3.17 | 4.51 | 8.76 | 0.00 | 180.61 | 67.41 | 27.09 | 24.35 | |||||
| EV/Sales | 2.62 | 3.51 | 2.27 | 3.29 | 6.53 | 11.77 | 11.35 | 8.04 | 12.19 | 14.40 | |||||
| EV/FCF | (22.60) | (10.35) | (15.36) | 220.70 | (45.49) | (229.33) | (262.17) | (36.37) | 40.21 | 113.97 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (9) | (36) | (12) | 5 | (17) | 6 | 1 | (49) | 128 | 59 | ||||
| Capex | (4) | (7) | (6) | (2) | (3) | (16) | (12) | (19) | (17) | (13) | |||||
| Free cash flow | (13) | (42) | (18) | 2 | (20) | (10) | (11) | (68) | 111 | 46 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 123 | 110 | 98 | 157 | 144 | 220 | 233 | 239 | (5) | 213 | ||||
| Total debt | 14 | 10 | 24 | 55 | 58 | 288 | 283 | 282 | 283 | 281 | |||||
| Net debt | (87) | (48) | (32) | (62) | (48) | 95 | 110 | 169 | 119 | 106 | |||||
| Shareholders’ equity | 124 | 119 | 98 | 125 | 109 | (11) | 16 | 34 | 150 | 209 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (7.20) | (10.84) | (23.72) | (12.77) | (24.57) | (19.60) | (7.31) | (12.23) | 9.63 | (2.10) | ||||
| ROIC | (0.81) | (14.95) | (32.96) | (21.40) | (48.05) | (27.76) | (9.72) | (13.40) | (1.64) | (0.15) | |||||
| ROE | (40.68) | (14.26) | (32.50) | (20.60) | (44.31) | (104.57) | (1,076.46) | (174.43) | 44.39 | (6.04) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Impinj, Inc. vs peers in Semiconductors (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SIMO Silicon Motion Technology Corporation | $7.4B | 24.6× | 29.6× | +127.00% (above 0%: growing) | +718.37% (above 0%: growing) | −117.86% (below 0%: shrinking) | 50.16% | 22.42% | Compare |
| SLAB Silicon Laboratories, Inc. | $7.4B | — (loss-making) | — (loss-making) | +18.33% (above 0%: growing) | n/m | −608.05% (below 0%: shrinking) | 61.65% | (4.67%) | Compare |
| MXL MaxLinear, Inc | $7.1B | — (loss-making) | — (loss-making) | +55.17% (above 0%: growing) | n/m | −46.59% (below 0%: shrinking) | 57.84% | (2.48%) | Compare |
| ALGM Allegro MicroSystems, Inc. | $6.0B | 395× | 81.2× | +27.45% (above 0%: growing) | n/m | −72.61% (below 0%: shrinking) | 48.45% | 9.82% | Compare |
| PI Impinj, Inc. | $5.8B | — (loss-making) | — (loss-making) | +10.70% (above 0%: growing) | 0.00% | +6.83% (above 0%: growing) | 58.63% | 9.69% | |
| CRUS Cirrus Logic, Inc. | $5.4B | 12.8× | 21.4× | +12.88% (above 0%: growing) | +29.91% (above 0%: growing) | −57.11% (below 0%: shrinking) | 52.61% | 18.37% | Compare |
| SYNA Synaptics Incorporated | $4.7B | — (loss-making) | — (loss-making) | +8.91% (above 0%: growing) | n/m | +9.29% (above 0%: growing) | 47.34% | (5.23%) | Compare |
| VSH Vishay Intertechnology, Inc. | $4.4B | 134× | 73.7× | +16.57% (above 0%: growing) | +1,318.92% (above 0%: growing) | +114.09% (above 0%: growing) | 23.34% | 6.02% | Compare |
| DIOD Diodes Incorporated | $3.9B | 44.1× | 39.8× | +21.66% (above 0%: growing) | +3.03% (above 0%: growing) | +31.47% (above 0%: growing) | 33.12% | 7.47% | Compare |
| Median of peers | $5.7B | 44.1× | 39.8× | +20.00% | +374.14% | −51.85% | 49.31% | 6.75% |
Impinj, Inc. (PI) key facts
- Concern: Impinj, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $361.1 million, down 1.37% from fiscal 2024.
- Impinj, Inc. (PI) is a Semiconductors company in the Technology sector, listed on Nasdaq.
- As of October 16, 2026, PI traded at $175.37, a market capitalization of $5.8 billion.
- Return on equity was −6.04% and debt-to-equity 1.04.
- Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 9.20 (safe zone) for fiscal 2025.