Inferra AI / Company / PI

Impinj Inc.

PI · Information Technology

Last earnings Oct 28, 2026

Key results

Revenuequarter

$96.1 million

Revenue of $96.1 million &#x2022

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

GAAP gross marginquarter

50.3%

GAAP gross margin of 50.3%

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Gross marginquarter

53.0%

gross margin of 53.0% &#x2022

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Non-GAAP net incomequarter

$17.7 million

Non-GAAP net income of $17.7 million, or income of $0.58 per diluted share using 32.7 million shares A reconciliation between GAAP and non-GAAP information is contained in the tables below.

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

AI analysis

Q3 2025 · reported Oct 29, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Revenue · Q3 2025

$96.1M

EX-99 · Oct 29, 2025

GAAP gross margin · Q3 2025

50.3%

EX-99 · Oct 29, 2025

Diluted EPS · non-GAAP · Q3 2025

$0.58

EX-99 · Oct 29, 2025

Non-GAAP net income · Q3 2025

$17.7M

EX-99 · Oct 29, 2025

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
Revenue	$96.1 million	—	—
GAAP gross margin	50.3%	—	—
Gross margin	53.0%	—	—
Non-GAAP net income	$17.7 million	—	—

EX-99 · Oct 29, 2025

Guidance · company-stated

Revenue

“$90.0 to $93.0”

Net loss

“($2.6”

Adjusted EBITDA

“income $15.4 to $16.9”

Net income

“$14.7 to $16.2”

Guidance stated in the release's Business Outlook table for the fourth quarter of 2025; no direction stated — figures as stated in the table.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

GAAP gross margin50.3%

Gross margin53.0%

Capital allocation

“Our solutions and Gen2X focus continue paying dividends in revenue, adjusted EBITDA, recurring endpoint IC volumes and market leadership.

(2) Diluted net income per share includes the impact of our convertible debt, if dilutive, using the if-converted method, which assumes full share settlement.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Impinj Reports Third Quarter 2025 Financial Results

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Revenue: “Revenue $90.0 to $93.0”

Net loss: “Net loss ($2.6”

Adjusted EBITDA: “Adjusted EBITDA income $15.4 to $16.9”

Net income: “Net income $14.7 to $16.2”

Revenue (“the fourth quarter of 2025”)
“Revenue $90.0 to $93.0”

Net loss (“the fourth quarter of 2025”)
“Net loss ($2.6”

Adjusted EBITDA (“the fourth quarter of 2025”)
“Adjusted EBITDA income $15.4 to $16.9”

Net income (“the fourth quarter of 2025”)
“Net income $14.7 to $16.2”

Guidance stated in the release's Business Outlook table for the fourth quarter of 2025; no direction stated — figures as stated in the table.

Capital allocation

“Our solutions and Gen2X focus continue paying dividends in revenue, adjusted EBITDA, recurring endpoint IC volumes and market leadership.

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

(2) Diluted net income per share includes the impact of our convertible debt, if dilutive, using the if-converted method, which assumes full share settlement.

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

(3) GAAP Weighted average shares — diluted includes the impact of dilutive shares from convertible debt.

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

In November 2024, the FASB released ASU 2024-04, Debt - Debt with Conversion and Other Options (Subtopic 470-20), which improves the relevance and consistency in application of the induced conversion guidance in Subtopic 470-20, Debt - Debt with Conversion and Other Options.

SEC original ↗Impinj Inc. — 10-Q Quarterly report10-QOct 28, 2026

As a result of our adoption, we accounted for the exchange of the 2021 Notes in September 2025 and the repurchases of the 2021 Notes in March and September 2026 described below, as induced conversions.

SEC original ↗Impinj Inc. — 10-Q Quarterly report10-QOct 28, 2026

Long-term Debt See Note 7 for the carrying amount and estimated fair value of the 2021 Notes and 2025 Notes.

SEC original ↗Impinj Inc. — 10-Q Quarterly report10-QOct 28, 2026

Strategy & priorities

These forward-looking statements include statements regarding our strategy, investment plans and prospects, statements regarding conditions in the markets in which we compete as well as the broader economy, and our financial guidance and considerations for the fourth quarter of 2025 and future periods.

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

We are today focused on extending item connectivity from tens of billions to trillions of items and delivering Physical Intelligence not just to enterprises but to people, so they too can benefit from their connected items.

SEC original ↗Impinj Inc. — 10-Q Quarterly report10-QOct 28, 2026

We also offer software and cloud 19 Table of Contents services, and while nascent from a standalone revenue perspective, they enable our other product offerings, and we intend to expand them as a part of our growth strategy.

SEC original ↗Impinj Inc. — 10-Q Quarterly report10-QOct 28, 2026

Our software and cloud service offerings focus on solutions enablement, particularly for key enterprise customers.

SEC original ↗Impinj Inc. — 10-Q Quarterly report10-QOct 28, 2026

Risks & headwinds

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.

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

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.

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

We define adjusted free cash flow as free cash flow less cash received from gain on litigation settlement.

SEC original ↗Impinj Inc. — Earnings release (8-K exhibit)EX-99Oct 29, 2025

Legal Proceedings 29 Item 1A.

SEC original ↗Impinj Inc. — 10-Q Quarterly report10-QOct 28, 2026

Exhibits 48 Signatures 49 2 Table of Contents Ri sk Factor Summary Our business is subject to numerous risks and uncertainties, including those highlighted in the section of this report captioned Risk Factors.

SEC original ↗Impinj Inc. — 10-Q Quarterly report10-QOct 28, 2026

There have been no material changes to our commitments and contingencies as previously disclosed in our Annual Report on Form 10-K for the year ended December 31, 2025, except for Obligations with Third Parties and Litigation as discussed below.

SEC original ↗Impinj Inc. — 10-Q Quarterly report10-QOct 28, 2026

Documents