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Impinj, Inc. PI Systems — Revenue

Other product segments

Endpoint I Cs
$96.4M+13.9%

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Other financials

Income statement

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Revenue$108.4M+10.7%
Gross profit$63.5M+12.2%
Operating income$10.5M-3.4%
Net income$12.2M+5.8%
EPS (diluted)$0.390.0%

Balance sheet

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Cash & equivalents$38.6M-9.1%
Total debt$266.7M-8.8%
Total equity$231.6M+23.4%
Total assets$534.7M+5.1%

Cash flow

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Operating cash flow$31.6M-6.7%
CapEx$2.4M-63.0%
Free cash flow$29.2M+6.8%

Valuation

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Market cap$5.25B+12.9%
Enterprise value$5.48B+11.8%
P/S14.1×+1.2×

Profitability

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Gross margin52.9%+0.7pp
Operating margin-1.8%-18.9pp
Net margin-7.3%-8.2pp
FCF margin17%+9.3pp

Returns & leverage

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Return on equity-12.9%-15.1pp
Debt / equity1.2×-0.4×
Current ratio3.3×-8.4×

Where this comes from

Reported directly by Impinj, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: Impinj, Inc.’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:25 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-323807
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Endpoint ICs$96,401$84,619$159,610$145,837
Systems11,97013,27523,01126,334
Total revenue$108,371$97,894$182,621$172,171

Item 1. Financial Statements (unaudited).

FAQ

What is Impinj, Inc.'s systems — revenue?
Impinj, Inc. (PI) reported systems — revenue of $11.97M in Q2 2026.
How has Impinj, Inc.'s systems — revenue changed year-over-year?
Impinj, Inc.'s systems — revenue decreased by 9.8% year-over-year, from $13.28M to $11.97M.
What is the long-term trend for Impinj, Inc.'s systems — revenue?
Over 4 years (2021 to 2025), Impinj, Inc.'s systems — revenue has grown at a 4.7% compound annual growth rate (CAGR), from $51.03M to $61.27M.
What does systems — revenue mean?
This metric represents the total revenue generated from the sale of hardware systems, including readers, gateways, and reader integrated circuits, excluding any assessed taxes. It serves as a key indicator of the adoption and market demand for the company's connectivity infrastructure layer. Tracking this revenue stream helps investors evaluate the performance of the systems business unit relative to the company's broader endpoint integrated circuit portfolio.

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