IMPINJ INC (PI) FY2025 10-K Annual Report
IMPINJ INC (PI) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 9, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
IMPINJ INC FY2025 10-K Analysis
Business Overview
- • Core business model: Design and sale of integrated RAIN RFID platform enabling wireless item-to-cloud connectivity for enterprises and consumers
- • Introduced Gen2X extensions in 2024 to RAIN air-interface, enhancing inventory speed, read range, security, and cost reductions
Management Discussion & Analysis
- • Revenue not explicitly stated; focus on scaling from tens of billions to trillions of connected items
- • Profitability or margin figures not disclosed in provided text
Risk Factors
- • Regulatory risk from Public Law No. 119-21 (H.R.1) affecting capitalization vs expense of domestic R&D costs starting 2025
- • Macroeconomic softness in 2023 causing inventory overages and reduced IC demand, impacting shipments and order cancellations
IMPINJ INC FY2025 Key Financial MetricsXBRL
Revenue
$361M
▼ -1.4% YoY
Net Income
-$11M
▼ -126.6% YoY
Gross Margin
52.5%
▲ +94bp YoY
Operating Margin
-0.2%
▲ +173bp YoY
Net Margin
-3.0%
▼ -1416bp YoY
ROE
-5.2%
▼ -3243bp YoY
Total Assets
$545M
▲ +11.5% YoY
EPS (Diluted)
$-0.37
▼ -126.6% YoY
Operating Cash Flow
$59M
▼ -54.2% YoY
Source: XBRL data from IMPINJ INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
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