PINasdaqElectronic Components, NECFiscal year ends December 31
IMPINJ INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026
$175.74+0.37 (+0.21%)
Close on Oct 19, 2026
- Market cap
- $5.45B
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2013 to 2025
Gross margin
52.5%+5.6 pts over 5 years
Operating margin
-0.2%+33.7 pts over 5 years
Net margin
-3.0%+34.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -1.4% | +11.9% | +21.0% | +16.5% | |
| Gross profit | +0.4% | +11.2% | +23.8% | +16.6% | |
| Free cash flow | -58.7% | – | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -8.6% | -44.3% | -6.0% | |
| Return on assets | -1.5% | -24.6% | -2.1% | |
| Current ratio | 5.86 | 6.21 | 2.68 | |
| Debt to equity | 0.10 | 0.50 | 1.34 | |
| Net debt to EBITDA | -8.98× | – | 16.27× | |
| Interest coverage | -0.3× | -8.7× | -0.2× | |
| Inventory turnover | 2.7× | 2.1× | 1.9× | |
| Capex to revenue | 3.1% | 2.2% | 3.6% | |
| Diluted shares | 11M | 23M | 29M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Impinj generated $243.54M from operations and spent $76.87M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$243.54M
Used
$76.87M
Capital expenditure$76.87M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3.0%
×Asset turnover0.70×
×Equity multiplier2.88×
=Return on equity, FY2025-6.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3.0% | 0.70× | 2.88× | -6.0% |
| FY2024 | 11.2% | 0.86× | 4.61× | 44.4% |
| FY2023 | -14.1% | 0.87× | 14.26× | -174.4% |
| FY2022 | -9.4% | 0.78× | 147.35× | -1076.5% |
| FY2021 | -26.9% | 0.73× | 5.34× | -104.6% |
| FY2020 | -37.4% | 0.66× | 1.80× | -44.3% |
| FY2019 | -15.0% | 0.85× | 1.61× | -20.6% |
| FY2018 | -28.7% | 0.83× | 1.37× | -32.5% |
| FY2017 | -13.8% | 0.78× | 1.32× | -14.3% |
| FY2016 | -1.5% | 1.02× | 5.65× | -8.6% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$10.85M
- Cash generatingOperating cash flow above zero$58.75M
- Return on assets improvedROA up on the prior year11.4% → -2.2%
- Earnings backed by cashOperating cash flow above net income$58.75M vs -$10.85M
- Less leverageLong-term debt to assets fell– → 33.8%
- Better liquidityCurrent ratio rose0.99 → 2.68
- No dilutionShare count did not rise29M → 29M
- Gross margin improvedGross margin up on the prior year51.59% → 52.53%
- More efficientAsset turnover rose1.02 → 0.74