tradmap

PI Financials Impinj Inc

12 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 21.0% per year over the past 5 years.
  • Operating margin has expanded, at -0.2% in the latest year.

Financial health

  • Total debt ($281M) exceeds cash ($48M); net debt is $233M.
  • Total debt has grown faster than revenue (38.8% vs 21.0% per year).
  • Operating income covered interest expense -0.2× in the latest year, up from -8.7× 5 years ago.
  • Total debt is 20× EBITDA.
Revenue & net income
-$52M $157M $366M $0 2014 2016 2018 2020 2022 2024
RevenueNet income
Margins (gross / operating / net)
-37% 8% 53% 0% 2014 2016 2018 2020 2022 2024
GrossOperatingNet
Free cash flow (CFO − capex)
-$68M $22M $111M $0 2014 2016 2018 2020 2022 2024
Free cash flow
Cash vs total debt
$0 $144M $288M 2014 2016 2018 2020 2022 2024
CashTotal debt
Cash flow: operating / investing / financing
-$193M -$32M $128M $0 2014 2016 2018 2020 2022 2024
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $361M -$11M 52.5% -0.2% $46M $281M $48M
2024 $366M $41M 51.6% -1.9% $111M $283M $46M
2023 $308M -$43M 49.4% -14.1% -$68M $282M $95M
2022 $258M -$24M 53.5% -7.6% -$11M $280M $20M
2021 $190M -$51M 52.0% -19.6% -$10M $288M $124M
2020 $139M -$52M 46.9% -33.9% -$20M $55M $24M
2019 $153M -$23M 48.4% -14.2% $2M $51M $67M
2018 $123M -$35M 47.5% -28.4% -$18M $24M $18M
2017 $125M -$17M 51.8% -13.6% -$42M $10M $19M
2016 $112M -$2M 52.9% -0.4% -$13M $12M $34M
2015 $900000 $16M $10M
2014 $297000 $7M

Valuation over time

How the market has priced PI against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 75.5 150.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 10.7 21.5 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is PI growing its revenue and profit?

Over the past 5 years, Impinj Inc's revenue has grown 21.0% per year. These are computed facts, not advice.

How much debt does PI have?

As of FY2025, Impinj Inc reported $281M of total debt against $48M of cash; operating income covered interest expense -0.2×.

What is PI's profit margin?

In FY2025, gross margin was 52.5%, operating margin -0.2%, and net margin -3.0%.

What is PI's P/E ratio?

As of Jun '26, Impinj Inc traded at a price-to-earnings ratio of about 128.1× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.