(PI) Impinj - Overview
Exchange: NASDAQ •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US4532041096
Stock: Endpoint Ics, Reader Ics, Readers, Gateways, Software
Total Rating 33
Risk 44
Buy Signal -1.27
| Risk 5d forecast | |
|---|---|
| Volatility | 70.1% |
| Relative Tail Risk | -13.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.57 |
| Alpha | -6.12 |
| Character TTM | |
|---|---|
| Beta | 2.055 |
| Beta Downside | 1.847 |
| Drawdowns 3y | |
|---|---|
| Max DD | 73.79% |
| CAGR/Max DD | 0.01 |
EPS (Earnings per Share)
Revenue
Description: PI Impinj January 11, 2026
Impinj, Inc. (NASDAQ: PI) provides a cloud-based RFID connectivity platform that spans the Americas, APAC, EMEA, and Africa. The solution combines miniature “radio-on-a-chip” endpoint ICs with reader/gateway hardware and proprietary software, enabling bidirectional communication, authentication, and data analytics for items across sectors such as retail, supply-chain, automotive, healthcare, and logistics.
Key recent metrics: Q4 2025 revenue grew ~22% YoY to $210 million, driven by a 35% increase in shipments of its Monza R reader ICs; the global RFID market is projected to reach $30 billion by 2028, expanding at ~12% CAGR, which underpins demand for Impinj’s solutions. However, the ongoing semiconductor supply constraints could pressure inventory levels and margin expansion, an uncertainty that investors should monitor.
For a deeper, data-driven assessment of Impinj’s valuation and risk profile, consider reviewing the analyst notes on ValueRay-its independent research platform offers granular financial models and scenario analysis that can help you form a more informed view.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: -10.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -14.32 > 1.0 |
| NWC/Revenue: 58.90% < 20% (prev -1.31%; Δ 60.21% < -1%) |
| CFO/TA 0.11 > 3% & CFO 58.7m > Net Income -10.8m |
| Net Debt (278.5m) to EBITDA (4.38m): 63.62 < 3 |
| Current Ratio: 2.68 > 1.5 & < 3 |
| Outstanding Shares: last quarter (30.1m) vs 12m ago 6.16% < -2% |
| Gross Margin: 52.38% > 18% (prev 0.51%; Δ 5187 % > 0.5%) |
| Asset Turnover: 69.82% > 50% (prev 74.85%; Δ -5.03% > 0%) |
| Interest Coverage Ratio: -2.44 > 6 (EBITDA TTM 4.38m / Interest Expense TTM 4.37m) |
Altman Z'' -1.21
| A: 0.39 (Total Current Assets 339.2m - Total Current Liabilities 126.5m) / Total Assets 545.2m |
| B: -0.73 (Retained Earnings -400.2m / Total Assets 545.2m) |
| C: -0.02 (EBIT TTM -10.7m / Avg Total Assets 517.1m) |
| D: -1.18 (Book Value of Equity -397.6m / Total Liabilities 336.0m) |
| Altman-Z'' Score: -1.21 = CCC |
Beneish M -2.88
| DSRI: 1.26 (Receivables 70.8m/56.8m, Revenue 361.1m/366.1m) |
| GMI: 0.98 (GM 52.38% / 51.45%) |
| AQI: 1.15 (AQ_t 0.25 / AQ_t-1 0.21) |
| SGI: 0.99 (Revenue 361.1m / 366.1m) |
| TATA: -0.13 (NI -10.8m - CFO 58.7m) / TA 545.2m) |
| Beneish M-Score: -2.88 (Cap -4..+1) = A |
What is the price of PI shares?
As of February 20, 2026, the stock is trading at USD 123.31 with a total of 457,197 shares traded.
Over the past week, the price has changed by +11.68%, over one month by -20.14%, over three months by -17.33% and over the past year by +19.59%.
Over the past week, the price has changed by +11.68%, over one month by -20.14%, over three months by -17.33% and over the past year by +19.59%.
Is PI a buy, sell or hold?
Impinj has received a consensus analysts rating of 4.63.
Therefore, it is recommended to buy PI.
- StrongBuy: 5
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the PI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 173.6 | 40.8% |
| Analysts Target Price | 173.6 | 40.8% |
PI Fundamental Data Overview February 20, 2026
P/E Forward = 75.188
P/S = 10.2976
P/B = 17.778
Revenue TTM = 361.1m USD
EBIT TTM = -10.7m USD
EBITDA TTM = 4.38m USD
Long Term Debt = 184.1m USD (from longTermDebt, last quarter)
Short Term Debt = 97.5m USD (from shortTermDebt, last quarter)
Debt = 326.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 278.5m USD (from netDebt column, last quarter)
Enterprise Value = 3.87b USD (3.72b + Debt 326.7m - CCE 175.3m)
Interest Coverage Ratio = -2.44 (Ebit TTM -10.7m / Interest Expense TTM 4.37m)
EV/FCF = 84.33x (Enterprise Value 3.87b / FCF TTM 45.9m)
FCF Yield = 1.19% (FCF TTM 45.9m / Enterprise Value 3.87b)
FCF Margin = 12.71% (FCF TTM 45.9m / Revenue TTM 361.1m)
Net Margin = -3.00% (Net Income TTM -10.8m / Revenue TTM 361.1m)
Gross Margin = 52.38% ((Revenue TTM 361.1m - Cost of Revenue TTM 171.9m) / Revenue TTM)
Gross Margin QoQ = 51.18% (prev 50.31%)
Tobins Q-Ratio = 7.10 (Enterprise Value 3.87b / Total Assets 545.2m)
Interest Expense / Debt = 0.24% (Interest Expense 798.0k / Debt 326.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -8.42m (EBIT -10.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.68 (Total Current Assets 339.2m / Total Current Liabilities 126.5m)
Debt / Equity = 1.56 (Debt 326.7m / totalStockholderEquity, last quarter 209.2m)
Debt / EBITDA = 63.62 (Net Debt 278.5m / EBITDA 4.38m)
Debt / FCF = 6.07 (Net Debt 278.5m / FCF TTM 45.9m)
Total Stockholder Equity = 188.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.10% (Net Income -10.8m / Total Assets 545.2m)
RoE = -5.77% (Net Income TTM -10.8m / Total Stockholder Equity 188.1m)
RoCE = -2.86% (EBIT -10.7m / Capital Employed (Equity 188.1m + L.T.Debt 184.1m))
RoIC = -1.79% (negative operating profit) (NOPAT -8.42m / Invested Capital 470.5m)
WACC = 12.42% (E(3.72b)/V(4.04b) * Re(13.49%) + D(326.7m)/V(4.04b) * Rd(0.24%) * (1-Tc(0.21)))
Discount Rate = 13.49% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.50%
[DCF Debug] Terminal Value 53.25% ; FCFF base≈72.0m ; Y1≈47.3m ; Y5≈21.6m
Fair Price DCF = N/A (negative equity: EV 244.0m - Net Debt 278.5m = -34.6m; debt exceeds intrinsic value)
EPS Correlation: 46.21 | EPS CAGR: 57.98% | SUE: -0.06 | # QB: 0
Revenue Correlation: 74.72 | Revenue CAGR: 16.04% | SUE: 0.02 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.14 | Chg30d=-0.251 | Revisions Net=-8 | Analysts=9
EPS current Year (2026-12-31): EPS=1.88 | Chg30d=-0.968 | Revisions Net=-8 | Growth EPS=-11.1% | Growth Revenue=+0.8%
EPS next Year (2027-12-31): EPS=3.04 | Chg30d=-0.745 | Revisions Net=-7 | Growth EPS=+62.0% | Growth Revenue=+25.1%
P/S = 10.2976
P/B = 17.778
Revenue TTM = 361.1m USD
EBIT TTM = -10.7m USD
EBITDA TTM = 4.38m USD
Long Term Debt = 184.1m USD (from longTermDebt, last quarter)
Short Term Debt = 97.5m USD (from shortTermDebt, last quarter)
Debt = 326.7m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 278.5m USD (from netDebt column, last quarter)
Enterprise Value = 3.87b USD (3.72b + Debt 326.7m - CCE 175.3m)
Interest Coverage Ratio = -2.44 (Ebit TTM -10.7m / Interest Expense TTM 4.37m)
EV/FCF = 84.33x (Enterprise Value 3.87b / FCF TTM 45.9m)
FCF Yield = 1.19% (FCF TTM 45.9m / Enterprise Value 3.87b)
FCF Margin = 12.71% (FCF TTM 45.9m / Revenue TTM 361.1m)
Net Margin = -3.00% (Net Income TTM -10.8m / Revenue TTM 361.1m)
Gross Margin = 52.38% ((Revenue TTM 361.1m - Cost of Revenue TTM 171.9m) / Revenue TTM)
Gross Margin QoQ = 51.18% (prev 50.31%)
Tobins Q-Ratio = 7.10 (Enterprise Value 3.87b / Total Assets 545.2m)
Interest Expense / Debt = 0.24% (Interest Expense 798.0k / Debt 326.7m)
Taxrate = 21.0% (US default 21%)
NOPAT = -8.42m (EBIT -10.7m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 2.68 (Total Current Assets 339.2m / Total Current Liabilities 126.5m)
Debt / Equity = 1.56 (Debt 326.7m / totalStockholderEquity, last quarter 209.2m)
Debt / EBITDA = 63.62 (Net Debt 278.5m / EBITDA 4.38m)
Debt / FCF = 6.07 (Net Debt 278.5m / FCF TTM 45.9m)
Total Stockholder Equity = 188.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.10% (Net Income -10.8m / Total Assets 545.2m)
RoE = -5.77% (Net Income TTM -10.8m / Total Stockholder Equity 188.1m)
RoCE = -2.86% (EBIT -10.7m / Capital Employed (Equity 188.1m + L.T.Debt 184.1m))
RoIC = -1.79% (negative operating profit) (NOPAT -8.42m / Invested Capital 470.5m)
WACC = 12.42% (E(3.72b)/V(4.04b) * Re(13.49%) + D(326.7m)/V(4.04b) * Rd(0.24%) * (1-Tc(0.21)))
Discount Rate = 13.49% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 5.50%
[DCF Debug] Terminal Value 53.25% ; FCFF base≈72.0m ; Y1≈47.3m ; Y5≈21.6m
Fair Price DCF = N/A (negative equity: EV 244.0m - Net Debt 278.5m = -34.6m; debt exceeds intrinsic value)
EPS Correlation: 46.21 | EPS CAGR: 57.98% | SUE: -0.06 | # QB: 0
Revenue Correlation: 74.72 | Revenue CAGR: 16.04% | SUE: 0.02 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.14 | Chg30d=-0.251 | Revisions Net=-8 | Analysts=9
EPS current Year (2026-12-31): EPS=1.88 | Chg30d=-0.968 | Revisions Net=-8 | Growth EPS=-11.1% | Growth Revenue=+0.8%
EPS next Year (2027-12-31): EPS=3.04 | Chg30d=-0.745 | Revisions Net=-7 | Growth EPS=+62.0% | Growth Revenue=+25.1%