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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:ResearchAndDevelopmentExpense.

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
Cost of revenue44,83841,28182,62978,877
Gross profit63,53356,61399,99293,294
Operating expenses:
Research and development29,26224,65257,98649,966
Sales and marketing9,8298,73819,58616,793
General and administrative13,40411,82826,01324,224
Amortization of intangibles5345211,0711,006
Total operating expenses53,02945,739104,65691,989

Item 1. Financial Statements (unaudited).

FAQ

What is Impinj, Inc.'s R&D?
Impinj, Inc. (PI) reported R&D of $29.26M in Q2 2026.
How has Impinj, Inc.'s R&D changed year-over-year?
Impinj, Inc.'s R&D increased by 18.7% year-over-year, from $24.65M to $29.26M.
What is the long-term trend for Impinj, Inc.'s R&D?
Over 4 years (2021 to 2025), Impinj, Inc.'s R&D has grown at a 12.5% compound annual growth rate (CAGR), from $64.06M to $102.62M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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