Impinj (NASDAQ: PI) posts Q1 2026 loss but guides to higher Q2 profit

Rhea-AI Filing Summary

Impinj, Inc. reported first-quarter 2026 revenue of $74.3 million, roughly flat year over year, with GAAP gross margin of 49.1% and non-GAAP gross margin of 52.4%. The company posted a GAAP net loss of $25.3 million, or $0.83 per diluted share, largely reflecting an $11.9 million induced conversion expense related to convertible notes. On a non-GAAP basis, Impinj generated net income of $4.4 million, or $0.14 per diluted share, and adjusted EBITDA of $3.4 million. Free cash flow improved to $2.2 million. For the second quarter of 2026, Impinj expects revenue between $103.0 million and $106.0 million, GAAP net income of $7.6 million to $9.1 million, and non-GAAP diluted net income per share of $0.77 to $0.82.

Positive

• Strong Q2 2026 profit guidance: Revenue outlook of $103.0–$106.0 million with GAAP net income projected at $7.6–$9.1 million and non-GAAP diluted EPS of $0.77–$0.82 indicates a sharp expected improvement in profitability.
• Improved cash generation: Free cash flow reached $2.2 million in Q1 2026, compared with negative free cash flow in the prior-year quarter, suggesting better cash conversion from operations.
• Record endpoint IC bookings: Management cited all-time record endpoint IC bookings, supporting the strong revenue outlook for the second quarter of 2026.

Negative

• Significantly higher GAAP net loss in Q1 2026: GAAP net loss widened to $25.3 million, or $0.83 per share, compared with a smaller loss in the prior-year quarter, driven in part by $11.9 million of induced conversion expense related to convertible notes.
• Rising operating expenses: Total operating expenses increased to $51.6 million from $46.3 million year over year, as research and development and sales and marketing spending both moved higher.

Insights

Technology equity analyst

Impinj shifts from GAAP loss in Q1 to strong profit outlook for Q2 2026.

Impinj delivered Q1 2026 revenue of $74.3M, essentially unchanged from a year ago, but highlighted strong demand with record endpoint IC bookings. Profitability on a GAAP basis was pressured by an $11.9M induced conversion expense tied to convertible notes.

Despite the GAAP loss of $25.3M, the business generated non-GAAP net income of $4.4M and adjusted EBITDA of $3.4M, helped by a 52.4% non-GAAP gross margin. Free cash flow turned positive at $2.2M, indicating improved cash generation versus the prior-year period.

Guidance for the quarter ending June 30, 2026 is notably stronger, with revenue projected at $103.0M–$106.0M and GAAP net income of $7.6M–$9.1M. Non-GAAP diluted EPS of $0.77–$0.82 and forecast adjusted EBITDA of about $28.5M suggest a near-term inflection toward higher profitability if conditions match management’s outlook.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Q1 2026 revenue: $74.3M Q1 2026 GAAP net loss: $25.3M Q1 2026 non-GAAP net income: $4.4M +5 more

8 metrics

Q1 2026 revenue $74.3M Three months ended March 31, 2026

Q1 2026 GAAP net loss $25.3M Net loss, three months ended March 31, 2026

Q1 2026 non-GAAP net income $4.4M Non-GAAP net income, three months ended March 31, 2026

Q1 2026 adjusted EBITDA $3.4M Adjusted EBITDA, three months ended March 31, 2026

Q1 2026 free cash flow $2.2M Free cash flow, three months ended March 31, 2026

Q2 2026 revenue outlook $103.0M–$106.0M Guidance for three months ending June 30, 2026

Q2 2026 non-GAAP EPS outlook $0.77–$0.82 Non-GAAP diluted net income per share guidance

Induced conversion expense $11.9M Convertible notes induced conversion expense in Q1 2026

Key Terms

adjusted EBITDA, Non-GAAP net income, induced conversion expense, free cash flow, +2 more

6 terms

adjusted EBITDA financial

"Adjusted EBITDA of $3.4 million"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Non-GAAP net income financial

"Non-GAAP net income of $4.4 million, or income of $0.14 per diluted share"

Non-GAAP net income is a company's profit figure that excludes certain costs or income that are included in standard accounting methods. Companies often use it to show what their earnings might look like without one-time expenses or other unusual items, helping investors see the company's core performance more clearly.

induced conversion expense financial

"Induced conversion expense related to convertible notes"

free cash flow financial

"Free cash flow We define free cash flow as net cash provided by (used in) operating activities"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

convertible notes financial

"Induced conversion expense related to convertible notes"

Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.

RAIN RFID technical

"Impinj, Inc. (Nasdaq: PI), a leading RAIN RFID provider and Internet of Things pioneer"

RAIN RFID is a widely used form of radio-frequency identification that uses inexpensive, battery-free tags readable at a distance to identify and track items automatically. For investors, it matters because RAIN RFID can transform inventory control, loss prevention and supply-chain speed—imagine replacing manual barcode scans with automatic “eyes” that report what’s on shelves and in transit—so firms that deploy it often lower costs, improve margins and generate richer operational data.

Earnings Snapshot

Revenue: $74.3M · Guidance included

Q1 2026

Revenue $74.3M

GAAP net loss $25.3M

Non-GAAP net income $4.4M

Adjusted EBITDA $3.4M

Guidance

For Q2 2026, Impinj projects revenue of $103.0–$106.0M, GAAP net income of $7.6–$9.1M, and non-GAAP diluted EPS of $0.77–$0.82.

Understanding 8-K Material Events →

false000111499500011149952026-04-292026-04-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 29, 2026

Impinj, Inc.

(Exact name of registrant as specified in its charter)

Delaware		001-37824		91-2041398
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)

400 Fairview Avenue North, Suite 1200

Seattle, Washington 98109

(Address of principal executive offices, including zip code)

(206) 517-5300

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.001 per share	PI	The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On April 29, 2026, Impinj, Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026. A copy of the press release, entitled “Impinj Reports First Quarter 2026 Financial Results” is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.

The information in this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

99.1		Press release dated April 29, 2026.
104		Inline XBRL for the cover page of this Current Report on Form 8-K.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Impinj, Inc.
By:		/s/ Chris Diorio
		Chris Diorio Chief Executive Officer

Date: April 29, 2026

Exhibit 99.1

Impinj Reports First Quarter 2026 Financial Results

SEATTLE, WA, April 29, 2026– Impinj, Inc. (Nasdaq: PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the first quarter ended March 31, 2026.

“Our first-quarter results were solid, with revenue and adjusted EBITDA exceeding the top end of our guide range,” said Chris Diorio, Impinj co-founder and CEO. “Endpoint IC bookings hit an all-time record, engendering a strong second-quarter revenue outlook”

First Quarter 2026 Financial Summary

•Revenue of $74.3 million

•GAAP gross margin of 49.1%; non-GAAP gross margin of 52.4%

•GAAP net loss of $25.3 million, or loss of $0.83 per diluted share using 30.3 million shares

•Adjusted EBITDA of $3.4 million

•Non-GAAP net income of $4.4 million, or income of $0.14 per diluted share using 31.0 million shares

A reconciliation between GAAP and non-GAAP information is contained in the tables below. Additionally, descriptions of these non-GAAP financial measures are provided in the “Non-GAAP Financial Measures” sections below.

Second Quarter 2026 Financial Outlook

Impinj provides guidance based on current market conditions and expectations; actual results may differ materially. Please refer to the comments below regarding forward-looking statements. The following table presents Impinj’s financial outlook for the second quarter of 2026 (in millions, except per share data):

		Three Months Ending
		June 30, 2026
Revenue		$103.0 to $106.0
GAAP Net income		$7.6 to $9.1
Adjusted EBITDA income		$27.8 to $29.3
GAAP Weighted-average shares — diluted		31.3 to 31.5
GAAP Net income per share — diluted		$0.24 to $0.29
Non-GAAP Net income		$24.6 to $26.1
Non-GAAP Weighted-average shares — diluted(1)		32.6 to 32.8
Non-GAAP Net income per share — diluted(1)		$0.77 to $0.82

(1) Non-GAAP diluted net income per share includes the impact of our convertible debt, using the if-converted method, which assumes full share settlement. To arrive at Non-GAAP diluted net income per share, interest expense is added back to net income and weighted average shares include total shares issuable at conversion of 1.2 million.

A reconciliation between GAAP and non-GAAP financial measures is provided in the “Non-GAAP Financial Measures” section below.

Conference Call Information

Impinj will host a conference call and webcast to discuss its first-quarter 2026 results and second-quarter 2026 outlook today, April 29, 2026 at 5:00 p.m. ET / 2:00 p.m. PT. Interested parties may access the call by dialing +1-412-317-1863. A live webcast and replay will also be available on the company’s website at investor.impinj.com. Following the call, a telephonic replay will be available for five business days and may be accessed by dialing +1-412-317-0088 and entering passcode 6529184.

Management’s prepared written remarks, along with quarterly financial data, will be made available on Impinj’s website at investor.impinj.com along with this release.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding our financial guidance and considerations for the second quarter of 2026 and future periods.

Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance.

The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the caption “Risk Factors” and elsewhere in our annual report on Form 10-K and quarterly reports on Form 10-Q filed with the U.S. Securities and Exchange Commission. All information provided in this release and in the attachments is as of the date hereof, and we undertake no duty to update this information unless required by law.

About Impinj

Impinj (Nasdaq: PI) helps businesses and people analyze, optimize, and innovate by wirelessly connecting billions of everyday things — such as apparel, automobile parts, luggage, and shipments — to the Internet. The Impinj platform uses RAIN RFID to deliver timely data about these everyday things to business and consumer applications, enabling a boundless Internet of Things. www.impinj.com

Impinj is a registered trademark of Impinj, Inc. All other trademarks are the property of their owners.

###

For more information, contact:

Investor Relations

Andy Cobb, CFA

Vice President, Corporate Finance & Investor Relations

+1-206-315-4470

ir@impinj.com

Media Relations
Emily Schauer
Senior Corporate Communications Manager
+1 206-209-2923
eschauer@impinj.com

IMPINJ, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands, except par value, unaudited)

	March 31, 2026				December 31, 2025
Assets:
Current assets:
Cash and cash equivalents	$	32,295			$	48,206
Short-term investments		99,544				127,130
Accounts receivable, net		72,354				70,785
Inventory		86,300				84,961
Prepaid expenses and other current assets		8,545				8,135
Total current assets		299,038				339,217
Long-term investments		103,385				103,766
Property and equipment, net		49,672				50,290
Intangible assets, net		8,815				9,501
Operating lease right-of-use assets		20,500				20,896
Other non-current assets		671				795
Goodwill		20,443				20,721
Total assets	$	502,524			$	545,186
Liabilities and stockholders’ equity:
Current liabilities:
Accounts payable	$	15,442			$	13,614
Accrued compensation and employee related benefits		10,827				9,936
Accrued and other current liabilities		3,352				3,664
Current portion of operating lease liabilities		1,521				776
Current portion of long-term debt		—				96,745
Current portion of deferred revenue		1,358				1,791
Total current liabilities		32,500				126,526
Long-term debt		241,470				184,141
Operating lease liabilities, net of current portion		22,078				22,536
Deferred tax liabilities, net		1,929				2,062
Deferred revenue, net of current portion		641				690
Total liabilities		298,618				335,955
Stockholders’ equity:
Common stock, $0.001 par value		30				30
Additional paid-in capital		627,840				606,852
Accumulated other comprehensive income		1,457				2,509
Accumulated deficit		(425,421	)			(400,160	)
Total stockholders’ equity		203,906				209,231
Total liabilities and stockholders’ equity	$	502,524			$	545,186

IMPINJ, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data, unaudited)

		Three Months Ended
		March 31,
		2026				2025
Revenue		$	74,250			$	74,277
Cost of revenue			37,791				37,596
Gross profit			36,459				36,681
Operating expenses:
Research and development			28,724				25,314
Sales and marketing			9,757				8,055
General and administrative			12,609				12,396
Amortization of intangibles			537				485
Total operating expenses			51,627				46,250
Loss from operations			(15,168	)			(9,569	)
Other income, net			2,666				2,060
Induced conversion expense			(11,938	)			—
Interest expense			(773	)			(1,223	)
Loss before income taxes			(25,213	)			(8,732	)
Income tax benefit (expense)			(48	)			281
Net loss		$	(25,261	)		$	(8,451	)
Net loss per share — basic		$	(0.83	)		$	(0.30	)
Net loss per share — diluted		$	(0.83	)		$	(0.30	)
Weighted-average shares outstanding — basic			30,292				28,639
Weighted-average shares outstanding — diluted			30,292				28,639

IMPINJ, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, unaudited)

		Three Months Ended
		March 31,
		2026				2025
Operating activities:
Net loss		$	(25,261	)		$	(8,451	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization			3,845				3,521
Stock-based compensation			14,691				12,522
Accretion of discount or amortization of premium on investments			(188	)			(590	)
Amortization of debt issuance costs			517				414
Induced conversion expense related to convertible notes			11,938				—
Deferred tax expense			(103	)			(93	)
Changes in operating assets and liabilities:
Accounts receivable			(1,601	)			(220	)
Inventory			(1,355	)			896
Prepaid expenses and other assets			(202	)			870
Accounts payable			1,402				(6,623	)
Accrued compensation and employee related benefits			913				(13,401	)
Accrued and other liabilities			(832	)			405
Operating lease right-of-use assets			390				653
Operating lease liabilities			292				(887	)
Deferred revenue			(466	)			(159	)
Net cash provided by (used in) operating activities			3,980				(11,143	)
Investing activities:
Purchases of investments			(21,223	)			(25,910	)
Proceeds from maturities of investments			48,700				49,000
Purchases of property and equipment			(1,747	)			(1,863	)
Net cash provided by investing activities			25,730				21,227
Financing activities:
Payment of 2021 Notes			(47,031	)			—
Proceeds from exercise of stock options and employee stock purchase plan			3,010				5,847
Payments of taxes on restricted stock units			(1,553	)			(787	)
Net cash provided by (used in) financing activities			(45,574	)			5,060
Effect of exchange rate changes on cash and cash equivalents			(47	)			120
Net increase (decrease) in cash and cash equivalents			(15,911	)			15,264
Cash and cash equivalents
Beginning of period			48,206				46,053
End of period		$	32,295			$	61,317

Non-GAAP Financial Measures

To supplement our condensed consolidated financial statements prepared and presented in accordance with U.S. generally accepted accounting principles, or GAAP, our key non-GAAP performance measures include adjusted EBITDA, non-GAAP net income (loss) and free cash flow as defined below. We use adjusted EBITDA and non-GAAP net income (loss) as key measures to understand and evaluate our core operating performance and trends, to prepare and approve our annual budget and to develop short- and long-term operating plans. We use free cash flow as a key measure when assessing our sources of liquidity, capital resources, and quality of earnings. We believe these measures provide useful information for period-to-period comparisons of our business to allow investors and others to understand and evaluate our operating results in the same manner as our management and board of directors. Our presentation of these non-GAAP financial measures is not meant to be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP, and our non-GAAP measures may be different from similarly termed non-GAAP measures used by other companies.

Adjusted EBITDA

We define adjusted EBITDA as net income (loss) determined in accordance with GAAP, excluding, if applicable for the periods presented, the effects of stock-based compensation; depreciation and amortization; restructuring costs; settlement income and related costs; induced conversion expense; other income, net; interest expense; acquisition related expense and related purchase accounting adjustments; and income tax benefit (expense).

Non-GAAP Net Income (Loss)

We define non-GAAP net income as net income (loss), excluding, if applicable for the periods presented, the effects of stock-based compensation; depreciation and amortization; restructuring costs; settlement income and related costs; induced conversion expense; acquisition related expense and related purchase accounting adjustments; and the corresponding income tax impacts of adjustments to net income (loss).

Free cash flow

We define free cash flow as net cash provided by (used in) operating activities, determined in accordance with GAAP, less purchases of property and equipment.

IMPINJ, INC.

RECONCILIATIONS OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES

(in thousands, except percentages, unaudited)

		Three Months Ended
		March 31,
		2026				2025
GAAP Gross margin			49.1	%			49.4	%
Adjustments:
Depreciation and amortization			2.7	%			2.6	%
Stock-based compensation			0.5	%			0.7	%
Non-GAAP Gross margin			52.4	%			52.7	%
Certain amounts may be off due to rounding
GAAP Net loss		$	(25,261	)		$	(8,451	)
Adjustments:
Depreciation and amortization			3,845				3,521
Stock-based compensation			14,691				12,522
Other income, net			(2,666	)			(2,060	)
Induced conversion expense			11,938				—
Interest expense			773				1,223
Income tax benefit (expense)			48				(281	)
Adjusted EBITDA		$	3,368			$	6,474
GAAP Net loss		$	(25,261	)		$	(8,451	)
Adjustments:
Depreciation and amortization			3,845				3,521
Stock-based compensation			14,691				12,522
Induced conversion expense			11,938				—
Income tax effects of adjustments (1)			(815	)			(1,288	)
Non-GAAP Net income		$	4,398			$	6,304
Non-GAAP Net income per share — diluted		$	0.14			$	0.21
GAAP Weighted-average shares — diluted			30,292				28,639
Dilutive shares from stock plans			708				806
Non-GAAP Weighted-average shares — diluted			31,000				29,445
(1) The tax effects of the adjustments are calculated using the statutory rate, taking into consideration the nature of the item and relevant taxing jurisdictions.

IMPINJ, INC.

RECONCILIATIONS OF GAAP FINANCIAL MEASURES TO NON-GAAP FINANCIAL MEASURES

(in thousands, except percentages, unaudited)

		Three Months Ended
		March 31,
		2026				2025
GAAP Net cash provided by (used in) operating activities		$	3,980			$	(11,143	)
Adjustments:
Purchases of property and equipment			(1,747	)			(1,863	)
Free cash flow		$	2,233			$	(13,006	)

IMPINJ, INC.

RECONCILIATIONS OF GAAP FINANCIAL OUTLOOK TO NON-GAAP FINANCIAL OUTLOOK

(in thousands, except per share data, unaudited – calculated at the midpoint of the outlook range)

		Three Months Ending
		June 30,
		2026
GAAP Net income		$	8,318
Adjustments:
Forecasted Depreciation and amortization			3,850
Forecasted Stock-based compensation			18,050
Forecasted Interest expense			632
Forecasted Other income, net			(2,450	)
Forecasted Income tax expense			100
Adjusted EBITDA		$	28,500
GAAP Net income		$	8,318
Adjustments:
Forecasted Depreciation and amortization			3,850
Forecasted Stock-based compensation			18,050
Forecasted Income tax effects of adjustments			(4,875	)
Non-GAAP Net income		$	25,343
GAAP Net income per share — diluted		$	0.26
Non-GAAP Net income per share — diluted		$	0.80
GAAP Weighted-average shares — diluted			31,400
Dilutive shares			1,300
Non-GAAP Weighted-average shares — diluted			32,700

FAQ

How did Impinj (PI) perform financially in the first quarter of 2026?

Impinj reported Q1 2026 revenue of $74.3 million, essentially flat year over year. The company posted a GAAP net loss of $25.3 million but achieved non-GAAP net income of $4.4 million and adjusted EBITDA of $3.4 million.

What earnings guidance did Impinj (PI) give for the second quarter of 2026?

For Q2 2026, Impinj expects revenue of $103.0–$106.0 million. GAAP net income is projected at $7.6–$9.1 million, with non-GAAP net income of $24.6–$26.1 million and non-GAAP diluted EPS of $0.77–$0.82.

What were Impinj’s GAAP and non-GAAP gross margins in Q1 2026?

In Q1 2026, Impinj’s GAAP gross margin was 49.1%, while non-GAAP gross margin was 52.4%. The non-GAAP margin excludes depreciation, amortization, and stock-based compensation within cost of revenue, offering a view of underlying product and services profitability.

Why was Impinj’s GAAP net loss high in the first quarter of 2026?

The Q1 2026 GAAP net loss of $25.3 million included an $11.9 million induced conversion expense related to convertible notes. This non-operating cost significantly increased the loss, even though the company generated positive non-GAAP net income and adjusted EBITDA.

Did Impinj (PI) generate positive cash flow in Q1 2026?

Yes. Impinj reported net cash provided by operating activities of $4.0 million and free cash flow of $2.2 million in Q1 2026. Free cash flow reflects operating cash flow minus $1.7 million of capital expenditures for property and equipment.

How did Impinj’s balance sheet change between December 2025 and March 2026?

Total assets declined from $545.2 million to $502.5 million, mainly as cash, cash equivalents, and short-term investments decreased. Current debt dropped as the current portion of long-term debt went to zero, while long-term debt increased to $241.5 million.

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 555.8 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 30.3 KB