📊 PI Key Takeaways
Is Impinj Inc. (PI) a Good Investment?
Impinj faces structural profitability challenges with declining revenue (-1.4% YoY), operating losses, and negative interest coverage (-0.2x), rendering the company unable to service its $280.9M debt burden from operations. While positive free cash flow of $45.9M and strong gross margins of 52.5% provide near-term cushion, the combination of revenue contraction, unprofitability, and high leverage (1.34x debt/equity) creates unsustainable financial deterioration.
Why Buy Impinj Inc. Stock? PI Key Strengths
- Strong gross margin of 52.5% indicates competitive product positioning and pricing power
- Positive operating cash flow of $58.7M and free cash flow of $45.9M demonstrate underlying cash generation capability
- Solid liquidity position with 2.68x current ratio and 2.01x quick ratio provides near-term financial flexibility
PI Stock Risks: Impinj Inc. Investment Risks
- Declining revenue (-1.4% YoY) signals market demand weakness or competitive pressure in core business
- Negative interest coverage ratio of -0.2x means company cannot service debt obligations from operating income and must rely on cash reserves
- High leverage with $280.9M long-term debt against $209.2M stockholders equity (1.34x debt/equity ratio) creates refinancing risk
- Operating and net losses (-0.2% and -3.0% margins respectively) with negative ROE and ROA indicate value destruction for shareholders
- Positive free cash flow sustainability is threatened if revenue decline continues, potentially forcing debt restructuring
Key Metrics to Watch
- Revenue trajectory and year-over-year growth rate stabilization
- Path to operating profitability and timeline to positive operating margins
- Free cash flow generation and debt service coverage adequacy
- Debt reduction progress and refinancing requirements
- Gross margin sustainability amid potential pricing pressure or unfavorable product mix shift
Impinj Inc. (PI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
Strong liquidity with a 2.68x current ratio provides a solid financial cushion.
PI Profit Margin, ROE & Profitability Analysis
PI vs Technology Sector: How Impinj Inc. Compares
How Impinj Inc. compares to Technology sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Impinj Inc. Stock Overvalued? PI Valuation Analysis 2026
Based on fundamental analysis, Impinj Inc. shows some fundamental concerns relative to the Technology sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Impinj Inc. Balance Sheet: PI Debt, Cash & Liquidity
PI Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Impinj Inc.'s revenue has grown significantly by 92% over the 5-year period, indicating strong business expansion. The most recent EPS of $-1.62 indicates the company is currently unprofitable.
PI Revenue Growth, EPS Growth & YoY Performance
PI Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $95.2M | $221.0K | $0.01 |
| Q2 2025 | $97.9M | $3.1M | $0.10 |
| Q1 2025 | $74.3M | -$8.5M | $-0.30 |
| Q3 2024 | $65.0M | $221.0K | $0.01 |
| Q2 2024 | $86.0M | -$4.4M | $-0.30 |
| Q1 2024 | $76.8M | -$4.4M | $-0.17 |
| Q3 2023 | $65.0M | -$2.2M | $-0.09 |
| Q2 2023 | $59.8M | -$4.4M | $-0.30 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Impinj Inc. Dividends, Buybacks & Capital Allocation
PI SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Impinj Inc. (CIK: 0001114995)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 24, 2026 | 4 | xslF345X06/form4-03242026_080311.xml | View → |
| Mar 24, 2026 | 4 | xslF345X06/form4-03242026_080342.xml | View → |
| Mar 16, 2026 | 8-K | pi-20260311.htm | View → |
| Feb 23, 2026 | 4 | xslF345X05/form4-02232026_090223.xml | View → |
| Feb 23, 2026 | 4 | xslF345X05/form4-02232026_090258.xml | View → |
❓ Frequently Asked Questions about PI
What is the AI rating for PI?
Impinj Inc. (PI) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are PI's key strengths?
Claude: Strong gross margin of 52.5% indicates competitive product positioning and pricing power. Positive operating cash flow of $58.7M and free cash flow of $45.9M demonstrate underlying cash generation capability.
What are the risks of investing in PI?
Claude: Declining revenue (-1.4% YoY) signals market demand weakness or competitive pressure in core business. Negative interest coverage ratio of -0.2x means company cannot service debt obligations from operating income and must rely on cash reserves.
What is PI's revenue and growth?
Impinj Inc. reported revenue of $361.1M.
Does PI pay dividends?
Impinj Inc. does not currently pay dividends.
Where can I find PI SEC filings?
Official SEC filings for Impinj Inc. (CIK: 0001114995) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is PI's EPS?
Impinj Inc. has a diluted EPS of $-0.37.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is PI a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Impinj Inc. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is PI stock overvalued or undervalued?
Valuation metrics for PI: ROE of -5.2% (sector avg: 22%), net margin of -3.0% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.
Should I buy PI stock in 2026?
Our dual AI analysis gives Impinj Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is PI's free cash flow?
Impinj Inc.'s operating cash flow is $58.7M, with capital expenditures of $12.9M. FCF margin is 12.7%.
How does PI compare to other Technology stocks?
Vs Technology sector averages: Net margin -3.0% (avg: 18%), ROE -5.2% (avg: 22%), current ratio 2.68 (avg: 2.5).