Impinj, Inc. (PI) Income Statement
PI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPI revenue and net income
Where PI's revenue goes
2025Each bar shows an amount and its share of revenue. PI kept −3.0% of revenue as net income.
PI profit margins
PI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −1.4% | +11.9% | +21.0% | +16.5% |
| Gross profit | −0.7% | +10.8% | +23.6% | +16.4% |
| Operating income | — | — | — | — |
| Net income | −126.6% | — | — | — |
| EPS (diluted) | +0.5% | +30.1% | — | +40.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PI quarterly EPS vs estimates
Impinj beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 28, 2026 (estimate $0.19).
PI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $361.1M | $366.1M | $307.5M | $257.8M | $190.3M | $138.9M | $152.8M | $122.6M | $125.3M | $112.3M |
| Cost of revenue | $173.5M | $177.2M | $155.6M | $119.9M | $91.3M | $73.8M | $78.8M | $64.4M | $60.4M | $52.8M |
| Gross profit | $187.6M | $188.9M | $152.0M | $137.9M | $99.0M | $65.1M | $74.0M | $58.3M | $64.9M | $59.5M |
| Research & development | $102.6M | $98.8M | $88.6M | $74.1M | $64.1M | $48.6M | $38.9M | $34.2M | $32.2M | $25.2M |
| Sales, general & admin | $85.7M | $90.4M | $102.0M | $83.4M | $70.4M | $58.3M | $56.8M | $55.2M | $49.7M | $34.8M |
| Total operating expenses | $188.3M | $195.9M | $190.5M | $157.4M | $136.2M | $112.2M | $95.7M | $93.2M | $82.0M | $59.9M |
| Operating income | −$737,000 | −$7.1M | −$43.5M | −$19.5M | −$37.2M | −$47.1M | −$21.7M | −$34.9M | −$17.0M | −$488,000 |
| Interest income | — | — | — | — | — | — | $1.8M | $1.4M | $508,000 | $616,000 |
| Interest expense | $4.4M | $4.9M | $4.8M | $4.9M | $2.5M | $5.4M | $1.8M | $1.4M | $908,000 | $1.6M |
| Income before taxes | −$10.9M | $41.0M | −$43.7M | −$24.1M | −$51.1M | −$51.8M | −$22.8M | −$35.5M | −$17.4M | −$1.5M |
| Income taxes | −$69,000 | $157,000 | $322,000 | $184,000 | $153,000 | $89,000 | $198,000 | −$233,000 | −$97,000 | $168,000 |
| Net income | −$10.8M | $40.8M | −$43.4M | −$24.3M | −$51.3M | −$51.9M | −$23.0M | −$35.2M | −$17.3M | −$1.7M |
| EBITDA | $8.5M | $10.3M | −$43.5M | −$13.5M | −$30.9M | −$37.2M | −$16.9M | −$26.6M | −$13.1M | $2.4M |
| EPS (diluted) | $2.09 | $2.08 | $0.13 | $0.95 | $0.24 | −$0.56 | $0.04 | −$0.71 | −$0.29 | $0.27 |
| Gross margin | 52.0% | 51.6% | 49.4% | 53.5% | 52.0% | 46.9% | 48.4% | 47.5% | 51.8% | 52.9% |
| Operating margin | −0.2% | −1.9% | −14.1% | −7.6% | −19.6% | −33.9% | −14.2% | −28.4% | −13.6% | −0.4% |
| Net margin | −3.0% | 11.2% | −14.1% | −9.4% | −26.9% | −37.4% | −15.0% | −28.7% | −13.8% | −1.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $108.4M | $74.2M | $92.8M | $96.1M | $97.9M | $74.3M | $91.6M | $95.2M | $102.5M | $76.8M | $70.7M | $65.0M |
| Cost of revenue | $44.8M | $37.8M | $45.3M | $47.7M | $41.3M | $37.6M | $45.3M | $47.6M | $45.5M | $39.3M | $36.8M | $34.2M |
| Gross profit | $63.5M | $36.5M | $47.5M | $48.3M | $56.6M | $36.7M | $46.2M | $47.6M | $57.0M | $37.5M | $33.9M | $30.8M |
| Research & development | $29.3M | $28.7M | $26.9M | $25.7M | $24.7M | $25.3M | $25.9M | $25.5M | $24.9M | $22.5M | $21.1M | $21.6M |
| Sales, general & admin | $23.2M | $22.4M | $23.3M | $21.4M | $20.6M | $20.5M | $22.4M | $22.3M | $23.0M | $22.6M | $22.9M | $23.6M |
| Total operating expenses | $53.0M | $51.6M | $50.2M | $47.7M | $45.7M | $46.2M | $49.8M | $48.3M | $47.9M | $49.3M | $48.7M | $46.6M |
| Operating income | $10.5M | −$15.2M | −$2.7M | $656,000 | $10.9M | −$9.6M | −$3.6M | −$769,000 | $9.0M | −$11.7M | −$14.8M | −$15.8M |
| Interest expense | $631,000 | $257,000 | $798,000 | $1.1M | $1.2M | $1.2M | $808,000 | $1.2M | $1.2M | $1.2M | $1.2M | $1.2M |
| Income before taxes | $12.1M | −$25.2M | −$987,000 | −$12.9M | $11.7M | −$8.7M | −$2.7M | $428,000 | $10.0M | $33.3M | −$15.0M | −$16.0M |
| Income taxes | −$92,000 | $48,000 | $152,000 | −$89,000 | $149,000 | −$281,000 | −$37,000 | $207,000 | −$12,000 | −$1,000 | $150,000 | −$195,000 |
| Net income | $12.2M | −$25.3M | −$1.1M | −$12.8M | $11.6M | −$8.5M | −$2.7M | $221,000 | $10.0M | $33.3M | −$15.2M | −$15.8M |
| EBITDA | $16.6M | −$21.1M | $3.8M | −$7.9M | $16.6M | −$4.0M | $820,000 | $4.9M | $14.2M | −$5.1M | −$7.7M | −$11.1M |
| EPS (diluted) | $0.44 | $0.14 | $0.50 | $0.58 | $0.80 | $0.21 | $0.48 | $0.56 | $0.83 | $0.21 | $0.09 | −$0.59 |
| Gross margin | 58.6% | 49.1% | 51.2% | 50.3% | 57.8% | 49.4% | 50.5% | 50.0% | 55.6% | 48.9% | 47.9% | 47.3% |
| Operating margin | 9.7% | −20.4% | −2.9% | 0.7% | 11.1% | −12.9% | −3.9% | −0.8% | 8.8% | −15.3% | −21.0% | −24.4% |
| Net margin | 11.3% | −34.0% | −1.2% | −13.3% | 11.8% | −11.4% | −2.9% | 0.2% | 9.7% | 43.4% | −21.5% | −24.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PI's financial statements (latest annual report filed February 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PI financial results
In fiscal year 2025 (ended December 31, 2025), Impinj reported revenue of $361.1 million, down 1.4% from the year before. It had a net loss of $10.8 million, a net profit margin of −3.0%. Diluted earnings per share came to $2.09. Over five years revenue grew at an average rate of 21.0% a year.
See the PI stock overview for the latest quote and news, or the PI chart for price history and technical indicators.
PI income statement FAQ
What is Impinj's annual revenue?
Impinj reported total revenue of $361.1 million for fiscal year 2025, which ended on December 31, 2025. That was down 1.4% from $366.1 million the previous year.
Is Impinj profitable?
No. Impinj reported a net loss of $10.8 million in fiscal 2025, a net profit margin of −3.0%; its operating margin was −0.2%.
What is Impinj's gross margin?
Impinj's gross margin was 52.0% in fiscal 2025: for every $100 of revenue, Impinj kept $52 after the direct cost of its products and services.
How much does Impinj spend on research and development?
Impinj spent $102.6 million on research and development in fiscal 2025, 28.4% of revenue.
How fast is Impinj growing?
Revenue grew 21.0% a year on average over the last five fiscal years, from $138.9 million to $361.1 million.
What are Impinj's earnings per share?
Impinj earned $2.09 per diluted share in fiscal 2025, compared with $2.08 a year earlier.
When will Impinj report its next earnings?
Impinj is expected to report results for the quarter ending September 30, 2026 on October 28, 2026 after the market closes.
When does Impinj's fiscal year end?
Impinj's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 9, 2026.