PI IMPINJ INC

FY2025 10-K
Filed: Feb 9, 2026
Information Technology
Electronic Components, NECSEC EDGAR

IMPINJ INC (PI) filed its fiscal year 2025 10-K annual report with the SEC on Feb 9, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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
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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
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Financial Summary
XBRL

Revenue

$361M

Net Income

-$11M

Gross Margin

52.5%

Operating Margin

-0.2%

Net Margin

-3.0%

ROE

-5.2%

Total Assets

$545M

EPS (Diluted)

$-0.37

Operating Cash Flow

$59M

Source: XBRL data from IMPINJ INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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