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Impinj, Inc. operates a cloud connectivity platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. Its platform wirelessly connects items and delivers data about the connected items to business and consumer applications. The company's platform comprises endpoint ICs, a miniature radios-on-a-chip that attaches to a host item and includes a number to identify the item. Its platform also consists of systems products that consists of reader ICs, readers, and gateways to wirelessly provide power to and communicate bidirectionally with endpoint ICs on host items, as well as to read, write, authenticate, and engage the endpoint ICs on those items; and software that enable its partners to solve enterprise business problems, such as package sortation, dock door ingress/egress and retail self-checkout and loss prevention. The company primarily serves retail, supply chain and logistics, automotive, aviation, banking, datacenters, food, healthcare, industrial and manufacturing, linen and uniform tracking, sports, and travel industries through original equipment and device manufacturers, tag service bureaus, systems integrators, value-added resellers, independent software vendors, and other solution partners. Impinj, Inc. was incorporated in 2000 and is headquartered in Seattle, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $361M | $7M | $-11M | $46M | -5.2% | -1.4% | -126.6% |
| 2024 | $366M | $58M | $41M | $111M | 27.3% | 19.0% | -194.2% |
| 2023 | $308M | $-27M | $-43M | $-68M | -127.1% | 19.3% | 78.5% |
| 2022 | $258M | $-15M | $-24M | $-11M | -155.9% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 257.80 | 307.54 | 366.09 | 361.08 |
| Operating Revenue | - | 257.80 | 307.54 | 366.09 | 361.08 |
| Cost Of Revenue | - | 119.92 | 155.56 | 177.23 | 171.40 |
| Gross Profit | - | 137.88 | 151.98 | 188.86 | 189.68 |
| Operating Expense | - | 157.46 | 195.47 | 194.11 | 190.41 |
| Research And Development | - | 74.11 | 88.56 | 98.83 | 102.62 |
| Selling General And Administration | - | 83.36 | 101.95 | 92.38 | 85.72 |
| Total Expenses | - | 277.38 | 351.02 | 371.34 | 361.81 |
| Operating Income | - | -19.58 | -43.48 | -5.26 | -0.74 |
| Total Operating Income As Reported | - | -19.48 | -43.48 | -7.07 | -0.74 |
| EBITDA | - | -14.75 | -26.83 | 57.82 | 7.18 |
| Normalized EBITDA | - | -14.85 | -26.83 | 14.63 | 7.18 |
| EBIT | - | -20.80 | -40.45 | 44.23 | -7.86 |
| Interest Expense | - | 3.32 | 3.24 | 3.23 | 3.05 |
| Net Interest Income | - | -4.92 | -4.85 | -4.87 | -4.37 |
| Other Non Operating Income Expenses | - | 0.28 | 4.64 | 7.94 | -5.81 |
| Other Income Expense | - | 0.39 | 4.64 | 51.12 | -5.81 |
| Interest Expense Non Operating | - | 3.32 | 3.24 | 3.23 | 3.05 |
| Net Non Operating Interest Income Expense | - | -4.92 | -4.85 | -4.87 | -4.37 |
| Pretax Income | - | -24.12 | -43.69 | 41 | -10.92 |
| Tax Provision | - | 0.18 | -0.32 | 0.16 | -0.07 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0.02 | 0 | 0.17 | 0 |
| Net Income Continuous Operations | - | -24.30 | -43.37 | 40.84 | -10.85 |
| Net Income From Continuing And Discontinued Operation | - | -24.30 | -43.37 | 40.84 | -10.85 |
| Net Income From Continuing Operation Net Minority Interest | - | -24.30 | -43.37 | 40.84 | -10.85 |
| Net Income | - | -24.30 | -43.37 | 40.84 | -10.85 |
| Net Income Common Stockholders | - | -24.30 | -43.37 | 40.84 | -10.85 |
| Net Income Including Noncontrolling Interests | - | -24.30 | -43.37 | 40.84 | -10.85 |
| Normalized Income | - | -24.38 | -43.37 | -2.18 | -10.85 |
| Diluted NI Availto Com Stockholders | - | -24.30 | -43.37 | 40.84 | -10.85 |
| Basic Average Shares | - | 25.54 | 26.75 | 27.95 | 29.28 |
| Diluted Average Shares | - | 25.54 | 26.75 | 29.47 | 29.28 |
| Reconciled Depreciation | - | 6.04 | 13.62 | 13.59 | 15.04 |
| Reconciled Cost Of Revenue | - | 113.87 | 146.89 | 166.55 | 158.44 |
| Total Unusual Items | - | 0.10 | 0 | 43.19 | 0 |
| Total Unusual Items Excluding Goodwill | - | 0.10 | 0 | 43.19 | 0 |
| Special Income Charges | - | 0.10 | 0 | 43.19 | 0 |
| Other Special Charges | - | - | - | -45 | - |
| Restructuring And Mergern Acquisition | - | -0.10 | 0 | 1.81 | 0 |
| Depreciation Amortization Depletion Income Statement | - | 0 | 4.95 | 2.90 | 2.08 |
| Depreciation And Amortization In Income Statement | - | 0 | 4.95 | 2.90 | 2.08 |
| General And Administrative Expense | - | 45.46 | 60.83 | 51.80 | 49.19 |
| Other Gand A | - | 45.46 | 60.83 | 51.80 | 49.19 |
| Total Other Finance Cost | - | 1.60 | 1.61 | 1.64 | 1.31 |
| Selling And Marketing Expense | - | 37.89 | 41.12 | 40.58 | 36.53 |
| Amortization | - | 0 | 4.95 | 2.90 | 2.08 |
| Amortization Of Intangibles Income Statement | - | 0 | 4.95 | 2.90 | 2.08 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Impinj, Inc.this co. | PI | $4.1B | - | 19.82 | -5.2% | 595.65 |
| SolarEdge Technologies, Inc. | SEDG | $4.4B | -10.97 | 10.41 | -94.8% | -12.64 |
| ACI Worldwide, Inc. | ACIW | $4.3B | 19.00 | 2.83 | 14.9% | 10.53 |
| Ultra Clean Holdings, Inc. | UCTT | $4.2B | -23.18 | 5.91 | -25.5% | -144.65 |
| Veeco Instruments Inc. | VECO | $3.9B | 109.79 |
| - |
| - |
| - |
| - |
| 4.39 |
| 4.0% |
| 58.12 |
| Life360, Inc. | LIF | $3.9B | 25.68 | 7.07 | 27.5% | 112.98 |
| Extreme Networks, Inc. | EXTR | $3.9B | - | 59.05 | -11.4% | 98.02 |
| Badger Meter, Inc. | BMI | $3.7B | 26.37 | 5.24 | 19.9% | 16.10 |
| Box, Inc. | BOX | $3.7B | 32.14 | -12.39 | -38.6% | 27.13 |
| Peer Median | - | 25.68 | 5.57 | -3.7% | 21.61 | |