IMPINJ INC PI

Technology SIC 3679 - Electronic Components, NEC NAICS Manufacturing › Computer and Electronic Product Manufacturing › Semiconductor and Other Electronic Component Manufacturing › Other Electronic Component Manufacturing derived Nasdaq

Our vision is a world in which every item that enterprises manufacture, transport and sell, and that people own, use and recycle, is wirelessly and ubiquitously connected to the cloud. And a world in which the ownership, history and linked information for every one of those items is seamlessly available to enterprises and people. We call our expansive vision a Boundless Internet of Things, or IoT. We design and sell a platform that enables that wireless item-to-cloud connectivity and with which we and our partners innovate IoT solutions.

Our mission is to connect every thing. We have enabled connectivity for more than 150 billion items to date, delivering item visibility, traceability and improved operational efficiencies for retailers, supply chain and logistics, or SC&L providers, restaurants and food-service providers, airlines, automobile manufacturers, healthcare companies and many more.

Last close 167.07 2026-10-23
Market cap $5.10B 2026-06-30 share count
52-week range 87.36 - 245.93

Valuation FY2025 figures against the last close

P/S14.1x
P/E—
P/FCF111.3x
EV/EBITDA364.3x
Dividend yield—
Diluted EPS-0.37

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Asia Pacific
  • Americas
  • Europe, Middle East and Africa
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Asia Pacific, FY2025: 209.9M (58.1%) 58% Asia Pacific Americas, FY2025: 124.9M (34.6%) 35% Americas Europe, Middle East and Africa, FY2025: 26.2M (7.3%) 7% FY2024 Asia Pacific, FY2024: 209.5M (57.2%) 57% Americas, FY2024: 110.2M (30.1%) 30% Europe, Middle East and Africa, FY2024: 46.4M (12.7%) 13% FY2023 Asia Pacific, FY2023: 176.4M (57.4%) 57% Americas, FY2023: 96.4M (31.4%) 31% Europe, Middle East and Africa, FY2023: 34.7M (11.3%) 11%
Region FY2025FY2024FY2023
Asia Pacific $209.9M $209.5M $176.4M
Americas $124.9M $110.2M $96.4M
Europe, Middle East and Africa $26.2M $46.4M $34.7M

As the company reported it, from the “Segment Reporting - Summary of Sales by Geography (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $361.1M$366.1M$307.5M$257.8M$190.3M$138.9M$152.8M$122.6M$125.3M$112.3M
Cost of revenue $171.4M$177.2M$155.6M$119.9M$91.3M$73.8M$78.8M$64.4M$60.4M$52.8M
Gross profit $189.7M$188.9M$152.0M$137.9M$99.0M$65.1M$74.0M$58.3M$64.9M$59.5M
R&D $102.6M$98.8M$88.6M$74.1M$64.1M$48.6M$38.9M$34.2M$32.2M$25.2M
SG&A $49.2M$51.8M$60.8M$45.5M$36.1M$35.0M$24.1M$22.3M$18.2M$12.4M
Total operating expenses $190.4M$195.9M$195.5M$157.4M$136.2M$112.2M$95.7M$93.2M$82.0M$59.9M
Operating income -$737.0K-$7.1M-$43.5M-$19.5M-$37.2M-$47.1M-$21.7M-$34.9M-$17.0M-$488.0K
Interest expense $4.4M$4.9M$4.8M$4.9M$2.5M$5.4M$1.8M$1.4M$908.0K$1.6M
Pre-tax income -$10.9M$41.0M-$43.7M-$24.1M-$51.1M-$51.8M-$22.8M-$35.5M-$17.4M-$1.5M
Income tax $69.0K$157.0K$322.0K$184.0K$153.0K$89.0K$198.0K$233.0K$97.0K$168.0K
Net income -$10.8M$40.8M-$43.4M-$24.3M-$51.3M-$51.9M-$23.0M-$35.2M-$17.3M-$1.7M
EPS, basic -0.371.46-1.62-0.95-2.12-2.28————
EPS, diluted -0.371.39-1.62-0.95-2.12-2.28-1.05-1.65-0.84-0.74
Shares, diluted (wtd. avg.) 29.3M29.5M26.8M25.5M24.2M22.8M————

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $48.2M$46.1M$94.8M$19.6M$123.9M$23.6M$66.9M$17.5M$19.3M$33.6M
Short-term investments $127.1M$118.7M$18.4M$154.1M$69.4M$82.5M$49.6M$38.5M$38.8M$66.9M
Receivables $70.8M$56.8M$54.9M$50.0M$35.4M$25.0M$23.7M$18.5M$22.2M$17.4M
Inventory $85.0M$99.3M$97.2M$46.4M$22.0M$36.3M$34.2M$44.7M$47.1M$27.7M
Total current assets $339.2M$326.4M$269.7M$275.2M$255.8M$171.4M$176.8M$121.2M$129.8M$148.7M
Property, plant and equipment $50.3M$50.6M$44.9M$39.0M$27.5M$16.5M$17.4M$19.8M$18.1M$14.9M
Goodwill $20.7M$18.7M$19.7M$3.9M$3.9M————$3.9M
Other intangibles $9.5M$10.3M$13.9M———————
Total assets $545.2M$489.1M$359.4M$349.7M$315.5M$207.6M$215.0M$145.1M$152.0M$167.5M
Accounts payable $13.6M$17.3M$8.7M$25.0M$11.7M$10.1M$5.6M$4.6M$4.7M$7.2M
Short-term debt $96.7M$283.5M——$9.6M——$5.9M$4.1M$2.6M
Total current liabilities $126.5M$331.2M$30.9M$42.4M$35.5M$27.6M$19.5M$23.0M$19.9M$25.4M
Long-term debt $184.1M$283.5M$281.9M$280.2M$278.7M$54.6M$50.9M$17.6M$5.5M$9.7M
Total liabilities $336.0M$339.2M$325.3M$334.1M$326.6M$98.5M$89.8M$47.2M$33.1M$43.5M
Retained earnings -$400.2M-$389.3M-$430.2M-$386.8M-$362.5M-$314.7M-$262.7M-$239.8M-$204.5M-$187.2M
Total equity $209.2M$149.9M$34.1M$15.6M-$11.1M$109.1M$125.2M$97.9M$118.9M$124.0M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $58.7M$128.3M-$49.4M$641.0K$6.5M-$16.9M$4.7M-$11.8M-$35.9M-$9.5M
Depreciation and amortisation $15.0M$13.6M$13.6M$6.0M$4.6M$4.5M$4.8M$4.5M$4.0M$2.9M
Stock-based compensation $55.3M$56.5M$48.0M$42.4M$40.5M$25.7M$18.5M$11.3M$7.4M$2.8M
Capital expenditure $12.9M$17.1M$18.6M$12.1M$16.2M$3.1M$2.4M$6.4M$6.6M$3.5M
Investing cash flow -$48.0M-$192.6M$115.8M-$102.8M-$18.6M-$36.3M-$13.1M-$5.7M$21.4M-$70.6M
Financing cash flow -$8.9M$15.7M$8.7M-$2.1M$112.4M$9.9M$57.8M$15.7M$137.0K$103.6M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-159032.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M 0 200M 400M Revenue, FY2016: 112.3M Gross profit, FY2016: 59.5M Net income, FY2016: -1.7M Revenue, FY2017: 125.3M Gross profit, FY2017: 64.9M Net income, FY2017: -17.3M Revenue, FY2018: 122.6M Gross profit, FY2018: 58.3M Net income, FY2018: -35.2M Revenue, FY2019: 152.8M Gross profit, FY2019: 74M Net income, FY2019: -23M Revenue, FY2020: 138.9M Gross profit, FY2020: 65.1M Net income, FY2020: -51.9M Revenue, FY2021: 190.3M Gross profit, FY2021: 99M Net income, FY2021: -51.3M Revenue, FY2022: 257.8M Gross profit, FY2022: 137.9M Net income, FY2022: -24.3M Revenue, FY2023: 307.5M Gross profit, FY2023: 152M Net income, FY2023: -43.4M Revenue, FY2024: 366.1M Gross profit, FY2024: 188.9M Net income, FY2024: 40.8M Revenue, FY2025: 361.1M Gross profit, FY2025: 189.7M Net income, FY2025: -10.8M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $112.3M $125.3M $122.6M $152.8M $138.9M $190.3M $257.8M $307.5M $366.1M $361.1M
Gross profit $59.5M $64.9M $58.3M $74.0M $65.1M $99.0M $137.9M $152.0M $188.9M $189.7M
Net income -$1.7M -$17.3M -$35.2M -$23.0M -$51.9M -$51.3M -$24.3M -$43.4M $40.8M -$10.8M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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ESP ESPEY MFG & ELECTRONICS CORP $155.8M 17.2x -90.5%
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