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Impinj, Inc. PI Ratios & Valuation

Q2 '26Q1 '26Q4 '25Q3 '25Q2 '25
Profitability
Gross margin52.9%+0.7pp52.5%+0.8pp52.5%+0.9pp52.2%+1.1pp52.1%+1.4pp
Operating margin-1.8%-0.9pp-1.8%-0.4pp-0.2%+1.7pp-0.5%+4.8pp-0.9%+9.7pp
Net margin-7.3%-8.2pp-7.7%-8.1pp-3%-14.9pp-2.7%-10.9pp0.9%-3.0pp
Returns
Return on equity-12.9%-15.1pp-15.2%-16.6pp-6%-53.4pp-5.9%-39.0pp2.2%-13.9pp
Return on invested capital-1.5%-0.5pp-1.5%+0.1pp-0.2%+2.1pp-0.4%+5.6pp-1%+12.8pp
Efficiency
Asset turnover0.7×0.0×0.7×-0.1×0.7×-0.2×0.7×-0.1×0.8×0.0×
Liquidity
Current ratio3.3×-8.4×9.2×-1.8×2.7×+1.7×2.7×+1.7×11.6×+10.5×
Leverage
Debt-to-equity1.2×-0.4×1.3×-0.5×1.5×-0.5×1.5×-0.7×1.6×-1.0×
Net debt / EBITDA25.8×+2.7×25.8×-2.1×17.9×-20.0×18.3×23.1×
Per Share
Book value per share$7.47+18.0%$6.73+20.1%$7.15+40.5%$6.65+45.1%$6.33+59.2%
Valuation
Market capitalization$5.25B+12.9%$3.1B+19.9%$5.24B+28.3%$5.26B-12.9%$3.12B-27.2%
Price / sales14.1×+1.2×8.6×+1.5×14.5×+3.4×14.6×-2.9×8.7×-4.9×
Price / book22.7×-2.1×15.2×-0.9×25×-2.2×27×-17.4×16.6×-20.0×
EV / EBITDA620.1×+167×369.7×+29.8×384.2×-280×427.1×311.5×

FAQ

What are Impinj, Inc.'s profit margins?
Impinj, Inc. (PI) runs a 52.9% gross margin and a -1.8% operating margin, with a -7.3% net margin.
Where do Impinj, Inc.'s ratios come from?
Every ratio is computed from Impinj, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.