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Screener / SEC EDGAR /CIK 0001114995 /10-K filed Feb 9, 2026, compared with Feb 10, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
IONQPOWIPIAGYSAVPTAMBA
Nasdaq Technology · Electronic Components

Impinj Inc PI

PI quote by TradingView

Our vision is a world in which every item that enterprises manufacture, transport and sell, and that people own, use and recycle, is wirelessly and ubiquitously connected to the cloud. 10-K, Item 1

Headquarters
Seattle, WA
CEO
Chris Ph.d. Diorio
Next results
around Jan 12, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2024

Revenue of $366.1M through the costs to a net profit of $40.8M · income statement of the 10-K

11% net margin
Revenue to Gross profit: $188.9MRevenue to Cost of revenue: $177.2MGross profit to Net profit: $40.8MGross profit to Costs, tax, other: $148.0M Revenue: $366.1M REVENUE $366.1M +19% Y/Y Gross profit: $188.9M · 52% margin GROSS PROFIT $188.9M 52% margin · +24% Y/Y Cost of revenue: $177.2M · 48% of revenue COST OF REVENUE $177.2M 48% of revenue Net profit: $40.8M · 11% margin NET PROFIT $40.8M 11% margin Costs, tax, other: $148.0M · 40% of revenue COSTS, TAX, OTHER $148.0M 40% of revenue
Gross profit $188.9M 52% margin · +24% Y/Y
Net profit $40.8M 11% margin
The full income statement, year by year

PI among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 230 peers the company is above, not a score.

Compare
Revenue growth: -1.4%, above 9% of 230 peers (their median 13.4%) REVENUE GROWTH -1.4% · above 9% Gross margin: 53.5%, above 40% of 210 peers (their median 61.4%) GROSS MARGIN 53.5% · above 40% Operating margin: -0.7%, above 18% of 222 peers (their median 11.5%) OPERATING MARGIN -0.7% · above 18% Net margin: -2.5%, above 16% of 228 peers (their median 10.4%) NET MARGIN -2.5% · above 16% FCF margin: 16.9%, above 43% of 225 peers (their median 20.0%) FCF MARGIN 16.9% · above 43%
PI Peer median Below the median

What changed

19 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 9, 2026 against Feb 10, 2025.

Risk factors
19 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Receivables growing faster than revenue
Receivables +24.6% ($56.8M to $70.8M) vs revenue -1.4% ($366.1M to $361.1M), +26.0 pts apart
10-K · XBRL
Accounting checks
10 other checks clear, 1 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
3 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

1fact worth reading about the other 10 checks found nothing to note

  • Receivables growing faster than revenue
    Receivables +24.6% ($56.8M to $70.8M) vs revenue -1.4% ($366.1M to $361.1M), +26.0 pts apart
  • Cash from operations $58.7M vs net income −$10.8M (FY ending Dec 31, 2025)
9 more checks with nothing to note
  • Inventory -14.5% ($99.3M to $85.0M) vs revenue -1.4% ($366.1M to $361.1M), -13.1 pts apart
  • Same auditor in both 10-Ks: Ernst & Young LLP
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Inventory valuation
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

19 paragraphs in Risk Factors that were not in the 10-K filed Feb 10, 2025. Quoted as filed.

All 19 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 10, 2025 10-K, ITEM 1A
    If we are unable to identify or correct errors, defects, incompatibilities or other problems in our products, we could experience a number of negative consequences, including lost or delayed sales or market acceptance (either of our products and solutions or RAIN generally), loss of market share and damage to our brand and reputation,…
  2. Item 1A · new paragraph · not in the 10-K filed Feb 10, 2025 10-K, ITEM 1A
    Our licensing program is also not singly focused on generating licensing revenue. Our desire to maintain close, strategic relationships with important partners or end users and to encourage them to use innovations such as Gen2X may cause us to license our intellectual property for reasons that go beyond simply deriving licensing revenue.
  3. Item 1A · new paragraph · not in the 10-K filed Feb 10, 2025 10-K, ITEM 1A
    The availability of silicon wafers and other key inputs to our business can fluctuate and shortages can adversely affect our revenue and/or gross margins.
  4. Item 1A · new paragraph · not in the 10-K filed Feb 10, 2025 10-K, ITEM 1A
    When we introduce new products, we may initially carry higher inventory or allow for slower inventory turns.

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$257.8M$307.5M$366.1M$361.1M
Net income−$24.3M−$43.4M$40.8M−$10.8M
Operating cash flow$641K−$49.4M$128.3M$58.7M
Free cash flow−$11.4M−$68.0M$111.2M$45.9M

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$361.1M ▼ 1.4% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

3 filings in the last 30 days · SEC EDGAR

All filings

About the company

Impinj Inc, Seattle, WA · from the 10-K filed Feb 9, 2026

Our vision is a world in which every item that enterprises manufacture, transport and sell, and that people own, use and recycle, is wirelessly and ubiquitously connected to the cloud. And a world in which the ownership, history and linked information for every one of those items is seamlessly available to enterprises and people. We call our expansive vision a Boundless Internet of Things, or IoT. We design and sell a platform that enables that wireless item-to-cloud connectivity and with which we and our partners innovate IoT solutions.

Headquarters
Seattle, WA
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Oct 28, 2026
Incorporated in
DE

Email alerts

Sources

The 10-K filed Feb 9, 2026 (open at SEC), compared with the 10-K filed Feb 10, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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