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Impinj Inc (PI) Financials

PI
Trailing 12 months to June 30, 2026
Revenue $371.5M +3.5% YoY
Net Income -$26.9M -4628.2% YoY
EPS (Diluted) -$0.92 -9300.0% YoY
Free Cash Flow $63.0M +129.4% YoY
Market Cap $5.3B as of Sep 4, 2026
Price / Sales 14.2x on $371.5M revenue, trailing 12 months to June 30, 2026
Price / Earnings n/m net loss, so no earnings multiple, trailing 12 months to June 30, 2026
Price / Book 22.8x on $231.6M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Sep 4, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 29, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the PI SEC filings page.

Impinj Inc (PI) reported $371.5M in revenue over the twelve months to Jun 30, 2026, up 3.5% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI PI FY2025

Near-breakeven operations coexist with positive cash generation, while debt reduction and current-liability changes reshape the balance sheet.

Revenue was nearly flat from FY2024 to FY2025, yet gross margin widened by 0.9 percentage points and operating margin reached nearly break-even; that combination suggests improved cost absorption or mix, not volume-led expansion. Operating cash flow fell to $58.7M from $128.3M while free cash flow remained positive, indicating FY2024’s cash conversion included a benefit that did not repeat.

Debt fell by $99M in FY2025, and debt-to-equity dropped to 0.9x. Equity reached $209M from $150M in FY2024, leaving the company less dependent on borrowing to support its asset base.

The current ratio rose from 1.0x to 2.7x, but the driver was a sharp reduction in current liabilities rather than a large increase in current assets. Current liabilities fell by $205M, showing that short-term coverage changed through balance-sheet reconfiguration rather than profitability alone.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 45 / 100
Financial Health Score 45/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Impinj Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
31

Impinj Inc has an operating margin of -0.2%, meaning the company loses less than $1 on every $100 of revenue. This results in a profitability score of 31/100. This is up from -1.9% the prior year.

Growth
61

Impinj Inc's revenue declined 1.4% year-over-year, from $366.1M to $361.1M. This contraction results in a growth score of 61/100.

Leverage
5

Impinj Inc has elevated debt relative to equity (D/E of 0.88), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 5/100, reflecting increased financial risk.

Liquidity
74

With a current ratio of 2.68, Impinj Inc holds $2.68 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 74/100.

Cash Flow
69

Impinj Inc converts 12.7% of revenue into free cash flow ($45.9M). This strong cash generation earns a score of 69/100.

Returns
30

Impinj Inc posts a -5.2% return on equity (ROE), meaning it loses $5 for every $100 of shareholders' equity. This results in a returns score of 30/100. This is down from 27.2% the prior year.

Altman Z-Score Safe
9.52

Impinj Inc scores 9.52, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($5.3B) relative to total liabilities ($336.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Neutral
5/9

Impinj Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed
N/A

Impinj Inc reported a net loss of $10.8M while generating $58.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.

Interest Coverage At Risk
N/A

Impinj Inc reported an operating loss of $737K against $4.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

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Earnings & Revenue

Revenue
$108.4M
YoY+10.7%
QoQ+46.0%
5Y CAGR+18.1%
10Y CAGR+15.3%

Impinj Inc generated $108.4M in revenue in Q2 2026. This represents an increase of 10.7% from the same quarter a year earlier. Against the prior quarter it is up 46.0%.

EBITDA
$14.4M
YoY-1.3%
QoQ+227.1%

Impinj Inc's EBITDA was $14.4M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.3% from the same quarter a year earlier. Against the prior quarter it is up 227.1%.

Net Income
$12.2M
YoY+5.8%
QoQ+148.4%

Impinj Inc reported $12.2M in net income in Q2 2026. This represents an increase of 5.8% from the same quarter a year earlier. Against the prior quarter it is up 148.4%.

EPS (Diluted)
$0.39
YoY0.0%
QoQ+147.0%

Impinj Inc earned $0.39 per diluted share (EPS) in Q2 2026. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 147.0%.

Cash & Balance Sheet

Free Cash Flow
$29.2M
YoY+6.8%
QoQ+1207.0%

Impinj Inc generated $29.2M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 6.8% from the same quarter a year earlier. Against the prior quarter it is up 1207.0%.

Cash & Debt
$38.6M
YoY-9.1%
QoQ+19.4%
5Y CAGR-5.5%
10Y CAGR+10.3%

Impinj Inc held $38.6M in cash against $184.9M in long-term debt as of Q2 2026.

Shares Outstanding
31M
YoY+5.0%
QoQ+0.3%
5Y CAGR+4.7%
10Y CAGR+5.0%

Impinj Inc had 31M shares outstanding in Q2 2026. This represents an increase of 5.0% from the same quarter a year earlier. Against the prior quarter it is up 0.3%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
58.6%
YoY+0.8pp
QoQ+9.5pp
5Y CAGR+6.2pp
10Y CAGR+6.3pp

Impinj Inc's gross margin was 58.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is up 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.5 percentage points.

Operating Margin
9.7%
YoY-1.4pp
QoQ+30.1pp
5Y CAGR+27.3pp
10Y CAGR+8.8pp

Impinj Inc's operating margin was 9.7% in Q2 2026, reflecting core business profitability. This is down 1.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 30.1 percentage points.

Net Margin
11.3%
YoY-0.5pp
QoQ+45.3pp
5Y CAGR+30.1pp
10Y CAGR+12.3pp

Impinj Inc's net profit margin was 11.3% in Q2 2026, showing the share of revenue converted to profit. This is down 0.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 45.3 percentage points.

Return on Equity
5.3%
YoY-0.9pp
QoQ+17.7pp

Impinj Inc's ROE was 5.3% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 17.7 percentage points.

Capital Allocation

R&D Spending
$29.3M
YoY+18.7%
QoQ+1.9%
5Y CAGR+13.0%
10Y CAGR+17.7%

Impinj Inc invested $29.3M in research and development in Q2 2026. This represents an increase of 18.7% from the same quarter a year earlier. Against the prior quarter it is up 1.9%.

Capital Expenditures
$2.4M
YoY-63.0%
QoQ+38.5%
5Y CAGR-6.9%
10Y CAGR+15.3%

Impinj Inc invested $2.4M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 63.0% from the same quarter a year earlier. Against the prior quarter it is up 38.5%.

Share Buybacks

Not reported for Q2 2026.

PI Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PI quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$108.4M+10.7%$74.3M0.0%$92.8M+1.4%$96.1M+0.9%$97.9M-4.5%$74.3M-3.3%$91.6M+29.6%$95.2M+46.4%
Cost of Revenue$44.8M+8.6%$37.8M+0.5%$44.8M-1.2%$47.7M+0.2%$41.3M-8.2%$37.6M-4.3%$45.3M+23.3%$47.6M+39.1%
Gross Profit$63.5M+12.2%$36.5M-0.6%$48.1M+4.0%$48.3M+1.6%$56.6M-1.6%$36.7M-2.3%$46.2M+36.5%$47.6M+54.6%
R&D Expenses$29.3M+18.7%$28.7M+13.5%$26.9M+4.0%$25.7M+0.9%$24.7M-1.1%$25.3M+12.4%$25.9M+22.5%$25.5M+18.1%
SG&A Expenses$13.4M+13.3%$12.6M+1.7%$12.9M+1.3%$12.0M-3.3%$11.8M-10.5%$12.4M-7.3%$12.8M-18.9%$12.5M-8.0%
Operating Income$10.5M-3.4%-$15.2M-58.5%-$2.7M+25.3%$656K+185.3%$10.9M+20.2%-$9.6M+18.4%-$3.6M+75.7%-$769K+95.1%
EBITDA$14.4M-1.3%-$11.3M-87.2%$1.3M+800.0%$4.5M+81.9%$14.6M+21.1%-$6.0M+22.7%-$180K+98.4%$2.5M+120.4%
Interest Expense$631K-48.5%$773K-36.8%$798K-34.6%$1.1M-8.0%$1.2M+0.7%$1.2M+0.6%$1.2M+0.5%$1.2M+0.5%
Income Tax-$92K-161.7%$48K+117.1%$152K+510.8%-$89K-143.0%$149K+1341.7%-$281K-28000.0%-$37K-124.7%$207K+206.2%
Net Income$12.2M+5.8%-$25.3M-198.9%-$1.1M+60.0%-$12.8M-5896.4%$11.6M+16.0%-$8.5M-125.3%-$2.7M+82.1%$221K+101.4%
EPS (Basic)$0.400.0%-$0.83-176.7%-$0.04+63.6%-$0.44-4500.0%$0.40+11.1%-$0.30-124.6%-$0.11+80.4%$0.01+101.7%
EPS (Diluted)$0.390.0%-$0.83-176.7%-$0.04+55.6%-$0.44-4500.0%$0.39+14.7%-$0.30-127.3%-$0.09+83.9%$0.01+101.7%
Diluted Shares (Avg)31M+4.6%30M+5.8%N/A29M-1.3%30M+0.8%29M-8.9%N/A30M+10.4%

PI Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PI quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$534.7M+5.1%$502.5M+4.7%$545.2M+11.5%$516.5M+8.4%$508.8M+14.1%$479.8M+15.9%$489.1M+36.1%$476.4M+31.0%
Current Assets$304.6M-12.9%$299.0M-3.1%$339.2M+3.9%$351.8M+6.9%$349.8M-2.4%$308.6M-4.9%$326.4M+21.0%$329.1M+20.6%
Cash & Equivalents$38.6M-9.1%$32.3M-47.3%$48.2M+4.7%$51.7M-29.8%$42.4M-80.2%$61.3M-63.3%$46.1M-51.4%$73.7M-5.6%
Short-Term Investments$94.4M-37.4%$99.5M+14.9%$127.1M+7.1%$138.4M+43.3%$150.8M+2610.6%$86.6M+1087.6%$118.7M+543.5%$96.6M+174.8%
Inventory$91.5M-4.9%$86.3M-12.4%$85.0M-14.5%$92.6M+4.8%$96.2M+19.1%$98.5M+12.2%$99.3M+2.2%$88.4M-17.3%
Accounts Receivable$71.1M+29.0%$72.4M+26.7%$70.8M+24.6%$61.2M-4.9%$55.1M+1.8%$57.1M-3.8%$56.8M+3.4%$64.4M+32.8%
Long-Term Investments$130.7M+94.1%$103.4M+22.3%$103.8M+38.6%$75.0M+31.4%$67.3M$84.5M$74.9M$57.1M
Goodwill$20.3M-2.4%$20.4M+5.5%$20.7M+10.7%$20.7M+4.4%$20.8M+7.8%$19.4M+0.2%$18.7M-4.9%$19.8M+4.1%
Total Liabilities$303.2M-5.6%$298.6M-6.5%$336.0M-1.0%$321.5M-5.5%$321.1M-2.4%$319.3M-2.7%$339.2M+4.3%$340.3M+3.5%
Current Liabilities$93.0M+209.3%$32.5M+15.4%$126.5M-61.8%$131.8M-60.2%$30.1M-90.6%$28.2M-18.2%$331.2M+972.5%$331.1M+880.8%
Non-Current Liabilities$210.2M-27.8%$266.1M-8.6%$209.4M+2505.2%$189.7M+1950.2%$291.1M+2755.7%$291.1M-0.8%$8.0M-97.3%$9.3M-96.9%
Long-Term Debt$184.9M-35.0%$241.5M-14.9%$184.1M-35.0%$183.8M$284.3M$283.9M+0.6%$283.5M+0.6%$0-100.0%
Total Equity$231.6M+23.4%$203.9M+27.0%$209.2M+39.6%$195.0M+43.3%$187.7M+60.5%$160.6M+86.9%$149.9M+339.1%$136.1M+291.1%
Retained Earnings-$413.2M-7.0%-$425.4M-7.0%-$400.2M-2.8%-$399.0M-3.2%-$386.2M+0.2%-$397.8M-0.2%-$389.3M+9.5%-$386.6M+6.8%

PI Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PI quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$31.6M-6.7%$4.0M+135.7%$15.1M+19.9%$20.9M+107.5%$33.9M-25.5%-$11.1M-118.5%$12.6M+784.6%$10.1M+690.5%
Depreciation & Amortization$3.9M+4.9%$3.8M+9.2%$4.0M+15.3%$3.9M+18.6%$3.7M+23.7%$3.5M-9.9%$3.4M-11.7%$3.2M-11.5%
Stock-Based Compensation$16.3M+25.1%$14.7M+17.3%N/A$14.6M-2.0%$13.0M-11.4%$12.5M+6.2%N/A$14.8M+20.6%
Capital Expenditures$2.4M-63.0%$1.7M-6.2%$1.5M-63.3%$2.9M-45.7%$6.5M+378.8%$1.9M-70.0%$4.1M+57.5%$5.4M+95.3%
Free Cash Flow$29.2M+6.8%$2.2M+117.2%$13.6M+60.4%$18.0M+285.5%$27.3M-38.1%-$13.0M-124.1%$8.5M+809.3%$4.7M+204.1%
Investing Cash Flow-$25.2M+52.4%$25.7M+21.2%-$18.8M+57.2%$2.5M+101.6%-$52.9M-12728.9%$21.2M+320.7%-$43.9M-406.1%-$154.2M-574.5%
Financing Cash Flow-$69K+28.9%-$45.6M-1000.7%$149K-96.1%-$14.0M-559.9%-$97K-105.0%$5.1M-26.8%$3.8M+347.0%$3.1M+42.9%

Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.

PI Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

PI quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin58.6%+0.8pp49.1%-0.3pp51.8%+1.3pp50.3%+0.3pp57.8%+1.7pp49.4%+0.5pp50.5%+2.5pp50.0%+2.6pp
Operating Margin9.7%-1.4pp-20.4%-7.6pp-2.9%+1.0pp0.7%+1.5pp11.1%+2.3pp-12.9%+2.4pp-4.0%+17.0pp-0.8%+23.6pp
Net Margin11.3%-0.5pp-34.0%-22.6pp-1.2%+1.8pp-13.3%-13.6pp11.8%+2.1pp-11.4%-54.8pp-3.0%+18.6pp0.2%+24.5pp
Return on Equity5.3%-0.9pp-12.4%-7.1pp-0.5%+1.3pp-6.6%-6.7pp6.2%-2.4pp-5.3%-44.1pp-1.8%+42.8pp0.2%+45.5pp
Return on Assets2.3%0.0pp-5.0%-3.3pp-0.2%+0.4pp-2.5%-2.5pp2.3%0.0pp-1.8%-9.8pp-0.6%+3.7pp0.1%+4.4pp
Current Ratio3.28-8.4x9.20-1.8x2.68+1.7x2.67+1.7x11.64+10.5x10.96+1.5x0.99-7.7x0.99-7.1x
Debt-to-Equity0.80-0.7x1.18-0.6x0.88-1.0x0.94+0.9x1.51+1.5x1.77-1.5x1.89-6.4x0.00-8.1x
Asset Turnover0.200.0x0.150.0x0.170.0x0.190.0x0.190.0x0.150.0x0.190.0x0.200.0x
FCF Margin26.9%-1.0pp3.0%+20.5pp14.7%+5.4pp18.7%+13.8pp27.9%-15.1pp-17.5%-87.7pp9.3%+11.0pp4.9%+11.8pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Impinj Inc PI FY2025 $361.1M -$10.8M -3.0% $5.3B 45/100
Semtech SMTC FY2026 $1.0B -$40.4M -3.9% $12.6B 38/100
Allegro Microsystems, Inc. ALGM FY2026 $890.1M -$14.7M -1.7% $6.6B 47/100
Cirrus Logic Inc CRUS FY2026 $2.0B $414.4M 20.8% $5.7B 82/100
Silicon Labs SLAB FY2025 $784.8M -$64.9M -8.3% $7.4B 74/100
SiTime SITM FY2025 $326.7M -$42.9M -13.1% $17.3B 50/100

Frequently Asked Questions

What is Impinj Inc's annual revenue?

Impinj Inc (PI) reported $361.1M in total revenue for fiscal year 2025. This represents a -1.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Impinj Inc's revenue growing?

Impinj Inc (PI) revenue declined by 1.4% year-over-year, from $366.1M to $361.1M in fiscal year 2025.

Is Impinj Inc profitable?

No, Impinj Inc (PI) reported a net income of -$10.8M in fiscal year 2025, with a net profit margin of -3.0%.

Impinj Inc (PI) reported diluted earnings per share of -$0.37 for fiscal year 2025. This represents a -126.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Impinj Inc (PI) had EBITDA of $14.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

As of fiscal year 2025, Impinj Inc (PI) had $48.2M in cash and equivalents against $184.1M in long-term debt.

Impinj Inc (PI) had a gross margin of 52.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Impinj Inc (PI) had an operating margin of -0.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Impinj Inc (PI) had a net profit margin of -3.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Impinj Inc (PI) has a return on equity of -5.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Impinj Inc (PI) generated $45.9M in free cash flow during fiscal year 2025. This represents a -58.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Impinj Inc (PI) generated $58.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Impinj Inc (PI) had $545.2M in total assets as of fiscal year 2025, including both current and long-term assets.

Impinj Inc (PI) invested $12.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Impinj Inc (PI) invested $102.6M in research and development during fiscal year 2025.

Impinj Inc (PI) had 30M shares outstanding as of fiscal year 2025.

Impinj Inc (PI) had a current ratio of 2.68 as of fiscal year 2025, which is generally considered healthy.

Impinj Inc (PI) had a debt-to-equity ratio of 0.88 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Impinj Inc (PI) had a return on assets of -2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Impinj Inc (PI) has no price-to-earnings ratio at the moment: net loss, so no earnings multiple (trailing 12 months to June 30, 2026). The market capitalization is $5.3B as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Impinj Inc (PI) trades at 14.2x sales, its market capitalization divided by revenue of $371.5M revenue, trailing 12 months to June 30, 2026. The market capitalization is $5.3B as of Sep 4, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Impinj Inc (PI) has an Altman Z-Score of 9.52, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Impinj Inc (PI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Impinj Inc (PI) reported a net loss of $10.8M while generating $58.7M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Impinj Inc (PI) reported an operating loss of $737K against $4.4M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Impinj Inc (PI) scores 45 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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