📊 PI Key Takeaways
Is Impinj Inc. (PI) a Good Investment?
Impinj faces severe operational challenges with deepening losses (-34% net margin, -20.4% operating margin) and declining revenue despite healthy 49.1% gross margins, indicating execution/market-fit issues beyond production costs. High leverage (1.18x debt-to-equity, -19.6x interest coverage) creates unsustainable debt burden as the company cannot cover interest from operations, threatening financial stability despite strong short-term liquidity.
Why Buy Impinj Inc. Stock? PI Key Strengths
- Gross margin of 49.1% demonstrates viable product-market unit economics
- Strong liquidity position with 9.20x current ratio and 6.55x quick ratio provides runway
- Positive operating and free cash flow ($4.0M and $2.2M) despite net losses indicates non-cash charges or working capital benefits
PI Stock Risks: Impinj Inc. Investment Risks
- Revenue declining 1.4% YoY signals loss of market share or demand contraction
- Operating loss of -$15.2M with -20.4% margin indicates severe operational inefficiency or overhead burden
- Negative interest coverage ratio (-19.6x) means company cannot service $241.5M debt from operations, risking covenant violations
- Debt-to-equity ratio of 1.18x with negative profitability creates refinancing and insolvency risk
- Negative ROE (-12.4%) and ROA (-5.0%) show value destruction across the business
Key Metrics to Watch
- Quarterly revenue trend and gross margin sustainability
- Path to operating profitability (when/if operating margin turns positive)
- Debt refinancing needs and covenant compliance over next 12 months
- Operating cash flow trend relative to capital expenditure commitments
Impinj Inc. (PI) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The relatively thin 3.0% FCF margin may limit capital allocation flexibility. Strong liquidity with a 9.20x 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 |
|---|---|---|---|
| Q1 2026 | $74.3M | -$8.5M | $-0.30 |
| 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 |
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
❓ Frequently Asked Questions about PI
What is the AI rating for PI?
Impinj Inc. (PI) has an AI rating of SELL with 85% confidence, based on fundamental analysis of SEC EDGAR filings.
What are PI's key strengths?
Claude: Gross margin of 49.1% demonstrates viable product-market unit economics. Strong liquidity position with 9.20x current ratio and 6.55x quick ratio provides runway.
What are the risks of investing in PI?
Claude: Revenue declining 1.4% YoY signals loss of market share or demand contraction. Operating loss of -$15.2M with -20.4% margin indicates severe operational inefficiency or overhead burden.
What is PI's revenue and growth?
Impinj Inc. reported revenue of $74.3M.
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 $-0.83.
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 May 2026, Impinj Inc. has a SELL rating with 85% 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 -12.4% (sector avg: 22%), net margin of -34.0% (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 $4.0M, with capital expenditures of $1.7M. FCF margin is 3.0%.
How does PI compare to other Technology stocks?
Vs Technology sector averages: Net margin -34.0% (avg: 18%), ROE -12.4% (avg: 22%), current ratio 9.20 (avg: 2.5).