PI Stock Analysis: Impinj | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 4.243m USD | 12M Return: -2.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 47.0M
EPS Trend: 71.2%
Qual. Beats: 1
Rev. Trend: 85.5%
Qual. Beats: 1
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.9 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Impinj, Inc. (NASDAQ: PI) is a Seattle-based technology company that operates a cloud-based connectivity platform across the Americas, Asia Pacific, Europe, the Middle East, and Africa. Founded in 2000 and listed on NASDAQ since July 2016, the company falls within the Information Technology sector and the Semiconductors sub-industry under the GICS classification. Its platform wirelessly links physical items to business and consumer applications, built on RAIN RFID technology that uses radio waves to identify and communicate with tagged objects without line-of-sight scanning.
The platform is structured in three layers: endpoint ICs (radio-on-a-chip tags that attach to and identify host items), systems products (reader ICs, readers, and gateways that power and communicate with the tags), and software that enables enterprise use cases such as package sortation, dock door monitoring, retail self-checkout, and loss prevention. Impinj sells primarily through original equipment manufacturers, systems integrators, value-added resellers, and independent software vendors, serving end markets that span retail, supply chain and logistics, automotive, aviation, healthcare, manufacturing, and food, among others.
- Retail RFID adoption accelerates for loss prevention mandates
- Endpoint IC shipment volumes drive endpoint revenue growth
- Supply chain and logistics demand lifts reader and gateway sales
- Gross margins expand on endpoint IC mix shift
| Net Income: -27.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.12 > 0.02 and ΔFCF/TA 6.38 > 1.0 |
| NWC/Revenue: 56.96% < 20% (prev 89.07%; Δ -32.11% < -1%) |
| CFO/TA 0.13 > 3% & CFO 71.6m > Net Income -27.0m |
| Net Debt (157.2m) to EBITDA (8.33m): 18.87 < 3 |
| Current Ratio: 3.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (31.0m) vs 12m ago 4.55% < -2% |
| Gross Margin: 52.71% > 18% (prev 52.12%; Δ 0.59% > 0.5%) |
| Asset Turnover: 71.20% > 50% (prev 70.54%; Δ 0.66% > 0%) |
| Interest Coverage Ratio: -2.39 > 6 (EBIT TTM -6.71m / Interest Expense TTM 2.81m) |
| A: 0.40 (Total Current Assets 304.6m - Total Current Liabilities 93.0m) / Total Assets 534.7m |
| B: -0.77 (Retained Earnings -413.2m / Total Assets 534.7m) |
| C: -0.01 (EBIT TTM -6.71m / Avg Total Assets 521.8m) |
| D: 0.76 (Book Value of Equity 231.6m / Total Liabilities 303.2m) |
| Altman-Z'' = 0.79 = B |
| DSRI: 1.25 (Receivables 71.1m/55.1m, Revenue 371.5m/358.9m) |
| GMI: 0.99 (GM 52.12% / 52.71%) |
| AQI: 1.52 (AQ_t 0.30 / AQ_t-1 0.20) |
| SGI: 1.04 (Revenue 371.5m / 358.9m) |
| TATA: -0.18 (NI -27.0m - CFO 71.6m) / TA 534.7m) |
| Beneish M = -2.52 (Cap -4..+1) = A |
As of August 01, 2026, the stock is trading at USD 151.36 with a total of 521,929 shares traded. Over the past week, the price has changed by +18.67%, over one month by +5.68%, over three months by +4.44% and over the past year by -2.08%.
Current recommended Stop Loss: 140.20 (which is 7.4% or 1.2 ATR below the current price).
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
| Analysts Target Price | 175 | 15.6% |
P/E Forward = 64.9351
P/S = 11.7518
P/B = 19.8718
Revenue TTM = 371.5m USD
EBIT TTM = -6.71m USD
EBITDA TTM = 8.33m USD
Long Term Debt = 184.1m USD (from longTermDebt, last fiscal year)
Short Term Debt = 58.8m USD (from shortTermDebt, last quarter)
Debt = 290.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 23.6m
Net Debt = 157.2m USD (calculated: Debt 290.3m - CCE 133.0m)
Enterprise Value = 4.40b USD (4.24b + Debt 290.3m - CCE 133.0m)
Interest Coverage Ratio = -2.39 (Ebit TTM -6.71m / Interest Expense TTM 2.81m)
EV/FCF = 69.86x (Enterprise Value 4.40b / FCF TTM 63.0m)
FCF Yield = 1.43% (FCF TTM 63.0m / Enterprise Value 4.40b)
FCF Margin = 16.95% (FCF TTM 63.0m / Revenue TTM 371.5m)
Net Margin = -7.26% (Net Income TTM -27.0m / Revenue TTM 371.5m)
Gross Margin = 52.71% ((Revenue TTM 371.5m - Cost of Revenue TTM 175.7m) / Revenue TTM)
Gross Margin QoQ = 58.63% (prev 49.10%)
Tobins Q-Ratio = 8.23 (Enterprise Value 4.40b / Total Assets 534.7m)
Interest Expense / Debt = 0.97% (Interest Expense 2.81m / Debt 290.3m)
Taxrate = 0.76% (92.0k / 12.1m)
NOPAT = -6.66m (EBIT -6.71m * (1 - 0.76%)) [loss with tax shield]
Current Ratio = 3.28 (Total Current Assets 304.6m / Total Current Liabilities 93.0m)
Debt / Equity = 1.25 (Debt 290.3m / totalStockholderEquity, last quarter 231.6m)
Debt / EBITDA = 18.87 (Net Debt 157.2m / EBITDA 8.33m)
Debt / FCF = 2.50 (Net Debt 157.2m / FCF TTM 63.0m)
Total Stockholder Equity = 209.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -5.17% (Net Income -27.0m / Total Assets 534.7m)
RoE = -12.86% (Net Income TTM -27.0m / Total Stockholder Equity 209.9m)
RoCE = -1.70% (EBIT -6.71m / Capital Employed (Equity 209.9m + L.T.Debt 184.1m))
RoIC = -1.38% (negative operating profit) (NOPAT -6.66m / Invested Capital 482.0m)
WACC = 15.07% (E(4.24b)/V(4.53b) * Re(16.03%) + D(290.3m)/V(4.53b) * Rd(0.97%) * (1-Tc(0.01)))
Discount Rate = 16.03% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 15.91 | Cagr: -0.60%
[DCF] Terminal Value 59.33% ; FCFF base≈48.8m ; Y1≈55.9m ; Y5≈82.3m
[DCF] Fair Price = 13.25 (EV 560.9m - Net Debt 157.2m = Equity 403.7m / Shares 30.5m; r=15.07% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 71.22 | EPS CAGR: 177.0% | SUE: 1.84 | # QB: 1
Revenue Correlation: 85.52 | Revenue CAGR: 7.88% | SUE: 1.85 | # QB: 1
EPS current Quarter (2026-09-30): EPS=-0.05 | Chg30d=+10.56% | Revisions=-40% | Analysts=6
EPS current Year (2026-12-31): EPS=1.89 | Chg30d=+0.32% | Revisions=+25% | GrowthEPS=-10.5% | GrowthRev=+3.4%
EPS next Year (2027-12-31): EPS=2.82 | Chg30d=-0.10% | Revisions=+25% | GrowthEPS=+49.3% | GrowthRev=+23.6%
[Analyst] Revisions Ratio: +0% (up=2, down=2)