IMPINJ, INC.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $361.1M | $366.1M | $307.5M | $257.8M | $190.3M | $138.9M | $152.8M |
| Cost of Revenue | — | $171.4M | $177.2M | $155.6M | $119.9M | $91.3M | $73.8M | $78.8M |
| Gross Profit | — | $189.7M | $188.9M | $152.0M | $137.9M | $99.0M | $65.1M | $74.0M |
| Gross Margin | — | 52.5% | 51.6% | 49.4% | 53.5% | 52.0% | 46.9% | 48.4% |
| Operating Expenses | ||||||||
| Research & Development | — | $102.6M | $98.8M | $88.6M | $74.1M | $64.1M | $48.6M | $38.9M |
| SG&A Expense | — | $49.2M | $51.8M | $60.8M | $45.5M | $36.1M | $35.0M | $24.1M |
| Operating Income | — | $-737.0K | $-7.1M | $-43.5M | $-19.5M | $-37.2M | $-47.1M | $-21.7M |
| Operating Margin | — | -0.2% | -1.9% | -14.1% | -7.6% | -19.6% | -33.9% | -14.2% |
| Interest Expense | — | $4.4M | $4.9M | $4.8M | $4.9M | $2.6M | $5.4M | $1.8M |
| Pretax Income | — | $-10.9M | $41.0M | $-43.7M | $-24.1M | $-51.1M | $-51.8M | $-22.8M |
| Income Tax Expense | — | $-69.0K | $157.0K | $-322.0K | $184.0K | $153.0K | $89.0K | $198.0K |
| Net Income | — | $-10.8M | $40.8M | $-43.4M | $-24.3M | $-51.3M | $-51.9M | $-23.0M |
| Net Margin | — | -3.0% | 11.2% | -14.1% | -9.4% | -26.9% | -37.4% | -15.0% |
| EPS (Basic) | — | $-0.37 | $1.46 | $-1.62 | $-0.95 | $-2.12 | $-2.28 | $-1.05 |
| EPS (Diluted) | — | $-0.37 | $1.39 | $-1.62 | $-0.95 | $-2.12 | $-2.28 | $-1.05 |
| Shares Outstanding (Basic) | 30.2M | 29.3M | 28.0M | 26.8M | 25.5M | 24.2M | 22.8M | 22.2M |
| Shares Outstanding (Diluted) | 30.2M | 29.3M | 29.5M | 26.8M | 25.5M | 24.2M | 22.8M | 22.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |