(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 26
Risk 53
Buy Signal -1.82
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 180% |
| Relative Tail Risk | -13.4% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.44 |
| Alpha | -36.66 |
| Character TTM | |
|---|---|
| Beta | 2.069 |
| Beta Downside | 1.915 |
| Drawdowns 3y | |
|---|---|
| Max DD | 73.79% |
| CAGR/Max DD | -0.03 |
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) 4.0
| Net Income: -12.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -13.41 > 1.0 |
| NWC/Revenue: 61.14% < 20% (prev -0.58%; Δ 61.72% < -1%) |
| CFO/TA 0.11 > 3% & CFO 56.2m > Net Income -12.4m |
| Current Ratio: 2.67 > 1.5 & < 3 |
| Outstanding Shares: last quarter (29.3m) vs 12m ago -1.31% < -2% |
| Gross Margin: 52.21% > 18% (prev 0.51%; Δ 5170 % > 0.5%) |
| Asset Turnover: 72.47% > 50% (prev 72.45%; Δ 0.03% > 0%) |
| Interest Coverage Ratio: -2.99 > 6 (EBITDA TTM 1.43m / Interest Expense TTM 4.38m) |
Altman Z'' -1.20
| A: 0.43 (Total Current Assets 351.8m - Total Current Liabilities 131.8m) / Total Assets 516.5m |
| B: -0.77 (Retained Earnings -399.0m / Total Assets 516.5m) |
| C: -0.03 (EBIT TTM -13.1m / Avg Total Assets 496.5m) |
| D: -1.23 (Book Value of Equity -396.6m / Total Liabilities 321.5m) |
| Altman-Z'' Score: -1.20 = CCC |
Beneish M -3.17
| DSRI: 0.91 (Receivables 61.2m/64.4m, Revenue 359.8m/345.2m) |
| GMI: 0.98 (GM 52.21% / 50.99%) |
| AQI: 1.10 (AQ_t 0.21 / AQ_t-1 0.19) |
| SGI: 1.04 (Revenue 359.8m / 345.2m) |
| TATA: -0.13 (NI -12.4m - CFO 56.2m) / TA 516.5m) |
| Beneish M-Score: -3.17 (Cap -4..+1) = AA |
What is the price of PI shares?
As of February 07, 2026, the stock is trading at USD 116.04 with a total of 3,574,024 shares traded.
Over the past week, the price has changed by -15.97%, over one month by -39.95%, over three months by -31.36% and over the past year by +7.68%.
Over the past week, the price has changed by -15.97%, over one month by -39.95%, over three months by -31.36% and over the past year by +7.68%.
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 | 240 | 106.8% |
| Analysts Target Price | 240 | 106.8% |
| ValueRay Target Price | 116.1 | 0% |
PI Fundamental Data Overview February 03, 2026
P/E Forward = 55.5556
P/S = 11.5568
P/B = 21.3275
Revenue TTM = 359.8m USD
EBIT TTM = -13.1m USD
EBITDA TTM = 1.43m USD
Long Term Debt = 183.8m USD (from longTermDebt, last quarter)
Short Term Debt = 100.5m USD (from shortTermDebt, last quarter)
Debt = 287.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 235.8m USD (from netDebt column, last quarter)
Enterprise Value = 4.26b USD (4.16b + Debt 287.5m - CCE 190.1m)
Interest Coverage Ratio = -2.99 (Ebit TTM -13.1m / Interest Expense TTM 4.38m)
EV/FCF = 104.4x (Enterprise Value 4.26b / FCF TTM 40.8m)
FCF Yield = 0.96% (FCF TTM 40.8m / Enterprise Value 4.26b)
FCF Margin = 11.33% (FCF TTM 40.8m / Revenue TTM 359.8m)
Net Margin = -3.45% (Net Income TTM -12.4m / Revenue TTM 359.8m)
Gross Margin = 52.21% ((Revenue TTM 359.8m - Cost of Revenue TTM 172.0m) / Revenue TTM)
Gross Margin QoQ = 50.31% (prev 57.83%)
Tobins Q-Ratio = 8.24 (Enterprise Value 4.26b / Total Assets 516.5m)
Interest Expense / Debt = 0.39% (Interest Expense 1.12m / Debt 287.5m)
Taxrate = 0.38% (157.0k / 41.0m)
NOPAT = -13.0m (EBIT -13.1m * (1 - 0.38%)) [loss with tax shield]
Current Ratio = 2.67 (Total Current Assets 351.8m / Total Current Liabilities 131.8m)
Debt / Equity = 1.47 (Debt 287.5m / totalStockholderEquity, last quarter 195.0m)
Debt / EBITDA = 165.0 (Net Debt 235.8m / EBITDA 1.43m)
Debt / FCF = 5.79 (Net Debt 235.8m / FCF TTM 40.8m)
Total Stockholder Equity = 173.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.50% (Net Income -12.4m / Total Assets 516.5m)
RoE = -7.16% (Net Income TTM -12.4m / Total Stockholder Equity 173.3m)
RoCE = -3.67% (EBIT -13.1m / Capital Employed (Equity 173.3m + L.T.Debt 183.8m))
RoIC = -2.86% (negative operating profit) (NOPAT -13.0m / Invested Capital 456.3m)
WACC = 12.69% (E(4.16b)/V(4.45b) * Re(13.54%) + D(287.5m)/V(4.45b) * Rd(0.39%) * (1-Tc(0.00)))
Discount Rate = 13.54% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.07%
[DCF Debug] Terminal Value 53.35% ; FCFF base≈65.1m ; Y1≈44.2m ; Y5≈21.6m
Fair Price DCF = N/A (negative equity: EV 234.2m - Net Debt 235.8m = -1.65m; debt exceeds intrinsic value)
EPS Correlation: 29.43 | EPS CAGR: -3.56% | SUE: -4.0 | # QB: 0
Revenue Correlation: 79.18 | Revenue CAGR: 17.44% | SUE: 1.21 | # QB: 3
EPS next Quarter (2026-03-31): EPS=-0.21 | Chg30d=-0.020 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=2.81 | Chg30d=-0.035 | Revisions Net=+1 | Growth EPS=+37.9% | Growth Revenue=+22.9%
P/S = 11.5568
P/B = 21.3275
Revenue TTM = 359.8m USD
EBIT TTM = -13.1m USD
EBITDA TTM = 1.43m USD
Long Term Debt = 183.8m USD (from longTermDebt, last quarter)
Short Term Debt = 100.5m USD (from shortTermDebt, last quarter)
Debt = 287.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 235.8m USD (from netDebt column, last quarter)
Enterprise Value = 4.26b USD (4.16b + Debt 287.5m - CCE 190.1m)
Interest Coverage Ratio = -2.99 (Ebit TTM -13.1m / Interest Expense TTM 4.38m)
EV/FCF = 104.4x (Enterprise Value 4.26b / FCF TTM 40.8m)
FCF Yield = 0.96% (FCF TTM 40.8m / Enterprise Value 4.26b)
FCF Margin = 11.33% (FCF TTM 40.8m / Revenue TTM 359.8m)
Net Margin = -3.45% (Net Income TTM -12.4m / Revenue TTM 359.8m)
Gross Margin = 52.21% ((Revenue TTM 359.8m - Cost of Revenue TTM 172.0m) / Revenue TTM)
Gross Margin QoQ = 50.31% (prev 57.83%)
Tobins Q-Ratio = 8.24 (Enterprise Value 4.26b / Total Assets 516.5m)
Interest Expense / Debt = 0.39% (Interest Expense 1.12m / Debt 287.5m)
Taxrate = 0.38% (157.0k / 41.0m)
NOPAT = -13.0m (EBIT -13.1m * (1 - 0.38%)) [loss with tax shield]
Current Ratio = 2.67 (Total Current Assets 351.8m / Total Current Liabilities 131.8m)
Debt / Equity = 1.47 (Debt 287.5m / totalStockholderEquity, last quarter 195.0m)
Debt / EBITDA = 165.0 (Net Debt 235.8m / EBITDA 1.43m)
Debt / FCF = 5.79 (Net Debt 235.8m / FCF TTM 40.8m)
Total Stockholder Equity = 173.3m (last 4 quarters mean from totalStockholderEquity)
RoA = -2.50% (Net Income -12.4m / Total Assets 516.5m)
RoE = -7.16% (Net Income TTM -12.4m / Total Stockholder Equity 173.3m)
RoCE = -3.67% (EBIT -13.1m / Capital Employed (Equity 173.3m + L.T.Debt 183.8m))
RoIC = -2.86% (negative operating profit) (NOPAT -13.0m / Invested Capital 456.3m)
WACC = 12.69% (E(4.16b)/V(4.45b) * Re(13.54%) + D(287.5m)/V(4.45b) * Rd(0.39%) * (1-Tc(0.00)))
Discount Rate = 13.54% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.07%
[DCF Debug] Terminal Value 53.35% ; FCFF base≈65.1m ; Y1≈44.2m ; Y5≈21.6m
Fair Price DCF = N/A (negative equity: EV 234.2m - Net Debt 235.8m = -1.65m; debt exceeds intrinsic value)
EPS Correlation: 29.43 | EPS CAGR: -3.56% | SUE: -4.0 | # QB: 0
Revenue Correlation: 79.18 | Revenue CAGR: 17.44% | SUE: 1.21 | # QB: 3
EPS next Quarter (2026-03-31): EPS=-0.21 | Chg30d=-0.020 | Revisions Net=+1 | Analysts=3
EPS next Year (2026-12-31): EPS=2.81 | Chg30d=-0.035 | Revisions Net=+1 | Growth EPS=+37.9% | Growth Revenue=+22.9%