Impinj, Inc.
- Open
- 133.21
- Day high
- 141.04
- Day low
- 133.00
- Prev close
- 140.76
- Volume
- 227K
- Mkt cap
- $4.2B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 20.6
- P/S
- 11.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$51.9M over the last 3 months (0 open-market buys, 17 sales)
- 🏛Institutions accumulating (13F)
Impinj, Inc. (PI) is a Technology company listed on NASDAQ. The stock is up 19% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 17 sales (SEC Form 4).
Impinj, Inc. (PI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 4 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.11 | $0.14 | +27.3% | $74M | +2.4% |
| Feb 5, 2026 | $0.50 | $0.50 | +0.0% | $93M | +2.6% |
| Oct 29, 2025 | $0.51 | $0.58 | +13.7% | $96M | +4.6% |
| Jul 30, 2025 | $0.71 | $0.80 | +12.7% | $98M | +5.9% |
| Apr 23, 2025 | $0.09 | $0.21 | +133.3% | $74M | -19.6% |
| Feb 5, 2025 | $0.48 | $0.48 | +0.0% | $92M | -1.5% |
| Oct 23, 2024 | $0.47 | $0.56 | +19.1% | $95M | +2.6% |
| Jul 24, 2024 | $0.73 | $0.83 | +13.7% | $102M | +5.1% |
| Feb 8, 2024 | $0.02 | $0.09 | +295.6% | $71M | +3.4% |
| Oct 25, 2023 | $-0.10 | $-0.36 | -260.0% | $65M | +0.4% |
| Jul 26, 2023 | $0.31 | $0.33 | +6.5% | $86M | +1.2% |
| Feb 8, 2023 | $0.42 | $0.41 | -2.4% | $77M | +1.9% |
PI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 24, 2026 | DIORIO CHRIS PH.D.director, officer: CHIEF EXECUTIVE OFFICER | Option | 1,223 | — |
| Jun 24, 2026 | DIORIO CHRIS PH.D.director, officer: CHIEF EXECUTIVE OFFICER | Tax | 1,197 | $125.22 |
| Jun 24, 2026 | Baker Caryofficer: CHIEF FINANCIAL OFFICER | Tax | 424 | $125.22 |
| Jun 24, 2026 | Baker Caryofficer: CHIEF FINANCIAL OFFICER | Option | 479 | — |
| Jun 24, 2026 | DIORIO CHRIS PH.D.director, officer: CHIEF EXECUTIVE OFFICER | Option | 1,817 | — |
| Jun 24, 2026 | Baker Caryofficer: CHIEF FINANCIAL OFFICER | Option | 597 | — |
| Jun 10, 2026 | SYLEBRA CAPITAL LLCdirector | Sell | 33,000 | $130.07 |
| Jun 10, 2026 | SYLEBRA CAPITAL LLCdirector | Sell | 12,105 | $127.36 |
| Jun 10, 2026 | SYLEBRA CAPITAL LLCdirector | Sell | 19,105 | $127.36 |
| Jun 10, 2026 | SYLEBRA CAPITAL LLCdirector | Sell | 12,528 | $125.97 |
| Jun 9, 2026 | SYLEBRA CAPITAL LLCdirector | Sell | 11,602 | $128.87 |
| Jun 9, 2026 | SYLEBRA CAPITAL LLCdirector | Sell | 35,877 | $122.50 |
| Jun 8, 2026 | SYLEBRA CAPITAL LLCdirector | Sell | 33,412 | $136.84 |
| Jun 4, 2026 | SYLEBRA CAPITAL LLCdirector | Sell | 6,313 | $139.17 |
| Jun 4, 2026 | SYLEBRA CAPITAL LLCdirector | Sell | 38,724 | $142.31 |
Source: PI SEC Form 4 filings, latest Jun 24, 2026. For informational purposes only — not investment advice.
See the full PI insider & 13F page →Impinj, Inc. company profile
Overview
Impinj, Inc. (NASDAQ:PI) is a Seattle-based technology company founded in 2000 that operates a cloud connectivity platform enabling wireless item-level tracking and identification. The company went public in July 2016 and has established itself as a leading provider of RAIN RFID (Radio Frequency Identification) solutions that connect physical items to digital applications. Impinj's platform combines specialized semiconductor chips, reader systems, and software to enable businesses across retail, supply chain, healthcare, and other industries to track and manage inventory, prevent loss, and optimize operations through real-time item visibility.
Business
Impinj operates in the RAIN RFID connectivity market, providing an integrated platform that wirelessly connects individual physical items to digital business applications. RAIN RFID is a specific type of radio frequency identification technology that operates in the UHF (Ultra High Frequency) band and enables passive, battery-free tags to be read from several meters away. The company's core offering consists of three interconnected product families that work together as an integrated ecosystem: **Endpoint ICs (Integrated Circuits)** represent approximately 80-85% of total revenue and are miniature "radios-on-a-chip" that attach to individual items like clothing, packages, or products. These semiconductor chips, including the company's flagship M700 and newer M800 series, contain unique identification numbers and can store additional data about the tagged item. The chips are passive, meaning they don't require batteries and are powered wirelessly when read by compatible systems. **Systems Products** account for roughly 15-20% of revenue and include reader ICs, standalone readers, and gateways that wirelessly power and communicate with the endpoint ICs. These systems can read, write, authenticate, and engage with tagged items from distances of several meters, enabling applications like automated inventory counting, loss prevention, and supply chain tracking. **Software and Cloud Services** provide the intelligence layer that processes data from tagged items and delivers actionable insights to end-users. This includes algorithms for inventory management, authentication services, and cloud-based platforms that enable partners to build specific use cases like retail self-checkout systems or warehouse tracking applications. The platform primarily serves retail (apparel, general merchandise), supply chain and logistics, healthcare, automotive, food service, and industrial manufacturing sectors. Recent growth has been driven particularly by retail applications where individual garments or products are tagged for inventory visibility, loss prevention, and automated checkout experiences.
Risks & safety
**Overall Assessment**: Moderate margin of safety with strong balance sheet but cyclical earnings volatility and high valuation multiples. **Liquidity and Solvency**: - Cash and short-term investments: $61.3 million as of Q1 2025 - Current ratio: 10.96x indicating very strong short-term liquidity - Free cash flow: -$13.0 million in Q1 2025, but generated $111.2 million for full year 2024 - Debt-to-equity ratio: 1.82x, manageable but elevated due to convertible debt **Valuation Metrics**: - Trading at 16.2x book value, indicating premium valuation - Negative P/E ratio due to Q1 2025 loss, but 2024 P/E was 99.4x - EV/EBITDA multiple highly volatile due to cyclical earnings **Other Considerations**: - Cyclical business model creates earnings volatility and cash flow unpredictability - Strong market position but faces competitive and technological disruption risks - Inventory corrections and demand fluctuations create quarterly volatility
Recent development
Over the past few years, Impinj has executed several strategic pivots and product launches to strengthen its market position and expand addressable markets. **Technology Innovation** has been central to the company's strategy, with the launch of the M800 series endpoint ICs offering 25% more die per wafer, 30% lower power consumption, and improved read range compared to previous generations. The introduction of **Gen2X technology** represents a significant advancement, enhancing RAIN system performance and security capabilities that are becoming critical for enterprise applications. **Market Expansion Initiatives** include aggressive pursuit of the food tagging market, with the company targeting price points around $0.015 per tag to enable widespread adoption in grocery stores, quick-serve restaurants, and food supply chains. Two major grocery chains are currently engaged in pilot programs with potential full deployment in 2026. The company has also expanded its **authentication and security solutions**, partnering with Qualcomm to establish RAIN RFID as a potential carrier for Digital Product Passports, which will become mandatory in Europe starting in 2027. **Organizational Changes** reflect the company's evolution, including the retirement of longtime Chief Revenue Officer Jeff Dossett and promotion of Gahan Richardson to lead the sales organization. The company also implemented a 10% workforce reduction in 2023 to focus resources on silicon development and enterprise solutions. **Strategic Partnerships** have deepened, particularly the collaboration with Qualcomm to integrate RAIN technology into mobile devices and establish RAIN as a preferred standard for product authentication and traceability applications. This partnership positions Impinj to benefit from regulatory trends requiring product transparency and authenticity verification.
PI company profile · for informational purposes only — not investment advice.
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