
Impinj Income Statement 2025-2011 | PI
Brief overview of financial performance at Impinj
The conclusions below are based on five years of reported results. Impinj reported revenue of 139 million dollars in 2020 and 361 million dollars by 2025. The total change was +159.9%, with a CAGR of approximately 21%. Sales grew at a rate typical of a strong expansion phase.
At the gross-profit level, the result moved from $65.1 million to $190 million, a change of +191.2%. Revenue outpaced cost of revenue, allowing more sales to flow into gross profit. At the margin level, the figure shifted from 46.9% to 52.5%. Improving gross profitability strengthens the quality of revenue growth.
The five-year EBITDA result moved by +133.6%: from −42.6 million dollars to 14.3 million dollars. EBITDA lagged revenue, showing weaker operating momentum. The EBITDA share of revenue changed from −30.6% to 4%. The company improved its ability to convert sales into EBITDA.
Comparing the endpoints shows a move from −$51.9 million to −$10.8 million. Losses became smaller, but the business remains unprofitable.
The market value of the business moved from 955 million dollars to 3.3 billion dollars, or +242.4%. Valuation expanded much faster than the underlying results.
Conclusion
The results present an uneven picture without one dominant signal. The strongest signals are higher operating efficiency, net-income growth and revenue expansion. The overall view is constrained by limited operating profitability. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Impinj
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
3.27 B | 2.91 B | 2.89 B | 3.26 B | 2.14 B | 955 M | 744 M | 315 M | 448 M | 381 M | - | - | - | - | - |
Shares |
29.3 M | 28 M | 26.8 M | 25.5 M | 24.2 M | 22.8 M | 21.8 M | 21.3 M | 20.7 M | 10.8 M | - | - | - | - | - |
Historical Prices |
112 | 104 | 108 | 128 | 88.7 | 41.9 | 25.9 | 14.6 | 22.5 | 35.3 | - | - | - | - | - |
Net Income |
-10.8 M | 40.8 M | -43.4 M | -24.3 M | -51.3 M | -51.9 M | -23 M | -35.2 M | -17.3 M | -1.67 M | 900 K | 297 K | - | - | - |
Revenue |
361 M | 366 M | 308 M | 258 M | 190 M | 139 M | 153 M | 123 M | 125 M | 112 M | 78.5 M | 63.8 M | - | - | - |
Cost of Revenue |
171 M | 177 M | 156 M | 120 M | 91.3 M | 73.8 M | 78.8 M | 64.4 M | 60.4 M | 52.8 M | 37.6 M | 30.1 M | - | - | - |
Gross Profit |
190 M | 189 M | 152 M | 138 M | 99 M | 65.1 M | 74 M | 58.3 M | 64.9 M | 59.5 M | 41 M | 33.6 M | - | - | - |
Operating Income |
-737 K | -7.07 M | -43.5 M | -19.5 M | -37.2 M | -47.1 M | -21.7 M | -34.9 M | -17 M | -488 K | 1.6 M | 456 K | - | - | - |
Interest Expense |
4.37 M | 4.87 M | 4.85 M | 4.92 M | 2.55 M | 5.41 M | 1.79 M | 1.4 M | 908 K | 1.63 M | 1.21 M | 901 K | - | - | - |
EBITDA |
14.3 M | 6.52 M | -29.9 M | -13.4 M | -32.6 M | -42.6 M | -16.9 M | -26.6 M | -13.1 M | 2.38 M | 3.57 M | 1.82 M | - | - | - |
Operating Expenses |
190 M | 196 M | 195 M | 157 M | 136 M | 112 M | 95.7 M | 89.4 M | 82 M | 59.9 M | 39.4 M | 33.2 M | - | - | - |
General and Administrative Expenses |
49.2 M | 51.8 M | 60.8 M | 45.5 M | 36.1 M | 35 M | 24.1 M | 22.3 M | 18.2 M | 12.4 M | 8.02 M | 6.12 M | - | - | - |
All numbers in USD currency
Quarterly Income Statement Impinj
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
30.5 M | 30.3 M | 30.2 M | 29.3 M | 29 M | 28.6 M | 28.5 M | 28.2 M | 27.9 M | 27.4 M | 27.2 M | 26.9 M | 26.7 M | 26.3 M | 26.1 M | 25.7 M | 25.4 M | 25 M | 24.7 M | 24.3 M | 24.1 M | 23.7 M | 23.4 M | 22.9 M | 22.7 M | 22.4 M | 22.2 M | 22 M | 21.7 M | 21.5 M | 21.5 M | 21.4 M | 21.3 M | 21.1 M | 21 M | 20.8 M | 20.6 M | 20.3 M | 21 M | 15.3 M | 4.42 M | 4.27 M | 4.38 M | 3.9 M | 4.03 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net Income |
12.2 M | -25.3 M | - | -12.8 M | 11.6 M | -8.45 M | - | 221 K | 9.96 M | 33.3 M | - | -15.8 M | -8.07 M | -4.36 M | - | -2.2 M | -11.5 M | -10.5 M | - | -12.9 M | -8.91 M | -9.42 M | - | -14.3 M | -17.5 M | -4.33 M | - | -4.08 M | -4.16 M | -7.07 M | - | -7.07 M | -7.73 M | -14.4 M | - | -4.85 M | -977 K | -2.16 M | - | 808 K | -254 K | -2.33 M | - | 13 K | 974 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Revenue |
108 M | 74.2 M | - | 96.1 M | 97.9 M | 74.3 M | - | 95.2 M | 102 M | 76.8 M | - | 65 M | 86 M | 85.9 M | - | 68.3 M | 59.8 M | 53.1 M | - | 45.2 M | 47.3 M | 45.2 M | - | 28.2 M | 26.5 M | 47.8 M | - | 40.8 M | 38.2 M | 33.1 M | - | 34.4 M | 28.5 M | 25.1 M | - | 32.6 M | 34.1 M | 31.7 M | - | 31 M | 26 M | 21.6 M | - | 20.7 M | 19.1 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Cost of Revenue |
44.8 M | 37.8 M | - | 47.7 M | 41.3 M | 37.6 M | - | 47.6 M | 45 M | 39.3 M | - | 34.2 M | 42.2 M | 42.4 M | - | 30.8 M | 28.3 M | 24.4 M | - | 22.2 M | 22.5 M | 23.3 M | - | 14.8 M | 13.5 M | 26.4 M | - | 21 M | 19.8 M | 17.2 M | - | 17.9 M | 14.9 M | 13.3 M | - | 15.6 M | 15.9 M | 15 M | - | 14.6 M | 12.4 M | 10.5 M | - | 10 M | 8.96 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
63.5 M | 36.5 M | - | 48.3 M | 56.6 M | 36.7 M | - | 47.6 M | 57.5 M | 37.5 M | - | 30.8 M | 43.8 M | 43.5 M | - | 37.4 M | 31.5 M | 28.8 M | - | 23 M | 24.8 M | 22 M | - | 13.4 M | 13 M | 21.4 M | - | 19.8 M | 18.4 M | 15.9 M | - | 16.5 M | 13.7 M | 11.8 M | - | 17 M | 18.2 M | 16.8 M | - | 16.4 M | 13.6 M | 11.1 M | - | 10.6 M | 10.2 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Income |
10.5 M | -15.2 M | - | 656 K | 10.9 M | -9.57 M | - | -769 K | 9.05 M | -11.7 M | - | -15.8 M | -8.37 M | -4.44 M | - | -1.74 M | -8.48 M | -9.32 M | - | -12.4 M | -8.32 M | -8.87 M | - | -13 M | -16.3 M | -3.4 M | - | -3.91 M | -4 M | -6.93 M | - | -6.82 M | -7.61 M | -14.3 M | - | -4.68 M | -814 K | -2 M | - | 813 K | 222 K | -1.87 M | - | 602 K | 1.21 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
631 K | 773 K | - | 1.12 M | 1.22 M | 1.22 M | - | 1.22 M | 1.22 M | 1.22 M | - | 1.21 M | 1.21 M | 1.21 M | - | 1.2 M | 1.25 M | 1.26 M | - | 526 K | 525 K | 525 K | - | 1.36 M | 1.35 M | 1.31 M | - | 413 K | 421 K | 429 K | - | 390 K | 351 K | 229 K | - | 223 K | 307 K | 374 K | - | 345 K | 490 K | - | - | 297 K | 230 K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
18.2 M | -11.3 M | - | 11.7 M | 11.4 M | -6.05 M | - | -263 K | 9.54 M | -7.82 M | - | -14.4 M | -6.22 M | -2.65 M | - | 2.71 M | -8.48 M | -7.81 M | - | -9.2 M | -8.32 M | -7.83 M | - | -9.62 M | -14 M | -2.23 M | - | -271 K | -1.58 M | -5.78 M | - | -3.42 M | -5.35 M | -13.1 M | - | -1.82 M | 1.03 M | -1.12 M | - | 2.96 M | 1.7 M | -1.16 M | - | 1.88 M | 2.05 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Operating Expenses |
53 M | 51.6 M | - | 47.7 M | 45.7 M | 46.2 M | - | 48.3 M | 48.5 M | 49.3 M | - | 46.6 M | 52.2 M | 48 M | - | 39.2 M | 40 M | 38.1 M | - | 35.4 M | 33.1 M | 30.9 M | - | 26.4 M | 29.2 M | 24.8 M | - | 23.7 M | 22.4 M | 22.8 M | - | 23.4 M | 21.3 M | 26 M | - | 21.7 M | 19 M | 18.8 M | - | 15.6 M | 13.4 M | 13 M | - | 10 M | 8.95 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
General and Administrative Expenses |
13.4 M | 12.6 M | - | 12 M | 11.8 M | 12.4 M | - | 12.5 M | 13.2 M | 13.4 M | - | 13.5 M | 16 M | 15.6 M | - | 11.1 M | 12 M | 10.8 M | - | 9.86 M | 9 M | 8.15 M | - | 7.53 M | 12.4 M | 6.24 M | - | 5.5 M | 5.46 M | 5.7 M | - | 6.7 M | 5.06 M | 5.22 M | - | 4.72 M | 4.82 M | 4.09 M | - | 3.36 M | 2.36 M | 2.5 M | - | 1.94 M | 1.6 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Impinj (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.