# IMPINJ, INC. (PI) · Edgar & Edgarette company card

> Impinj (PI) saw revenue fall 1.4% in FY2025 to $361 million, operating margin -0.2% against a 4.4% median for electronic components, equity 38.4% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1114995 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/PI) · [JSON](https://www.pops4.com/boards/company/PI.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $361M |
| Revenue growth, 1 year | -1.4% |
| Revenue growth per year | 17.4% |
| Operating margin | -0.2% (prior year -1.9%) |
| Net margin | -3.0% |
| Operating cash flow | $59M |
| Capital spending | $13M |
| Free cash flow | $46M |
| Cash | $48M |
| Long-term debt | $281M |
| Total assets | $545M |
| Total equity | $209M |
| Equity ÷ assets | 38.4% |
| Return on equity | -5.2% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Altman Z: 0.81 (distress zone)
- Piotroski F: 6 of 9 (solid)
- Beneish M: -2.58 (below the −1.78 line)
- Health Harbor boat: Sound ship · one warning sign · operating loss: a margin of -0.2% in FY2025
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $361.1M (FY2025), total debt $280.9M. Experience: revenue down 1.4% on the year, up 17.4% a year over 4 years; operating margin -0.2%, up from -1.9%. Soundness: equity 38.4% of assets, return on equity -5.2%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $307.6M and $451.9M next year (method v4.1: its own 4-year record of growth weighed at 50% against $100M–1B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $279.1M to $500.1M. A statistical range, not company guidance. Against peers (87 filers, $50M+ revenue, its industry group): operating margin -0.2% against a 4.4% median; growth -1.4% against 11.4%.

Range logged 2026-09-29, receipt e748a95fcc98ecdb, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 5.02 Director or officer change: 1, latest 2025-12-22 ([filing](https://www.sec.gov/Archives/edgar/data/1114995/000119312525328739/0001193125-25-328739-index.htm))

## Recent filings

- 10-Q · filed 2026-10-28 · [filing](https://www.sec.gov/Archives/edgar/data/1114995/000119312526436204/0001193125-26-436204-index.htm)
- 8-K · filed 2026-10-28 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1114995/000119312526436184/0001193125-26-436184-index.htm)
- 8-K · filed 2026-09-11 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1114995/000119312526388376/0001193125-26-388376-index.htm)
- 10-Q · filed 2026-07-29 · [filing](https://www.sec.gov/Archives/edgar/data/1114995/000119312526323807/0001193125-26-323807-index.htm)
- 8-K · filed 2026-07-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1114995/000119312526323768/0001193125-26-323768-index.htm)
- 8-K · filed 2026-05-29 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/1114995/000119312526248322/0001193125-26-248322-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001114995.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1114995

## Cite

POPS4, Edgar & Edgarette: IMPINJ, INC. (PI) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/PI. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.