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Impinj, Inc. PI Operating margin

Operating margin at other companies

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Zebra TechnologiesZBRA
12.9%-2.3pp
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30.4%+3.7pp
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Axcelis TechnologiesACLS
11.6%-7.5pp
Mercury Systems logo
Mercury SystemsMRCY
-5.8%-2.3pp
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Ingram MicroINGM
1.7%-0.1pp
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CognexCGNX
18.8%+5.0pp

Other financials

Income statement

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Revenue$74.3M0.0%
Gross profit$36.5M-0.6%
Operating income-$15.2M-58.5%
Net income-$25.3M-199%
EPS (diluted)-$0.83-177%

Balance sheet

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Cash & equivalents$32.3M-47.3%
Total debt$265.1M-9.3%
Total equity$203.9M+27.0%
Total assets$502.5M+4.7%

Cash flow

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Operating cash flow$4.0M+136%
CapEx$1.7M-6.2%
Free cash flow$2.2M+117%

Valuation

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Market cap$3.92B+19.9%
Enterprise value$4.15B+18.4%
P/S10.9×+1.9×

Profitability

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Gross margin52.5%+0.8pp
Net margin-7.7%-8.1pp
FCF margin16.9%+4.8pp

Returns & leverage

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Return on equity-15.2%-16.6pp
Debt / equity1.3×-0.5×
Current ratio9.2×-1.8×

Where this comes from

Calculated from Impinj, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Impinj, Inc.’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Impinj, Inc.'s operating margin?
Impinj, Inc. (PI) reported operating margin of -1.8% in Q1 2026.
How has Impinj, Inc.'s operating margin changed year-over-year?
Impinj, Inc.'s operating margin decreased by 30.1% year-over-year, from -1.3% to -1.8%.
What is the long-term trend for Impinj, Inc.'s operating margin?
Over 5 years (2020 to 2025), Impinj, Inc.'s operating margin has grown at a -64.0% compound annual growth rate (CAGR), from -33.9% to -0.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.