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Impinj, Inc. PI Systems — Revenue

Other product segments

Endpoint I Cs
$63.21M+3.3%

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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
Operating margin-1.8%+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

Reported directly by Impinj, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 systems — revenue?
Impinj, Inc. (PI) reported systems — revenue of $11.04M in Q1 2026.
How has Impinj, Inc.'s systems — revenue changed year-over-year?
Impinj, Inc.'s systems — revenue decreased by 15.5% year-over-year, from $13.06M to $11.04M.
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.