Impinj Inc. (PI) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

$182.55 +3.44% NASDAQ • Public Delayed / 60s Snapshot

Impinj Inc. (PI) carries a Roarable Rating of C (Hold) with 65/100 RQD Confidence. The underlying business is intact, so current owners don’t need to panic-sell—but mixed big-money flow or rich pricing means new buyers can afford to wait for either a pullback or a B-or-higher upgrade.

ROARABLE C • HOLD / WATCH Cap $5.63B
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
RQD QUANT TACHOMETERHOLD / WATCH • C
025507510065
2-of-3 JEV AI Jury Bullish
Cash
SEC
Whale
5-PILLAR SNOWFLAKE RADARRw C- · Rk B
Cash (14)Whales (10)SEC (16)Macro (13)CEO (12)
Each axis scored 0–20
12M PRICE TARGET CONE+3.1% Base Target
$226 Bull$188 Base$147 Bear
🔴 SUNDAY NIGHT PREP • 7:00 PM ET
WHALE OPTIONS TUG-OF-WAR:63% Call Buyers ($2.8M)
37% PutsMax Pain: $179.00
VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How PI Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$45.9M (12.7% FCF Margin)
Revenue$361.1MGross Profit $189.7M (52.5%)Cost of Sales $171.4MOp Profit $0 (0%)OpEx (R&D/SG&A) $189.7MNet Profit$0 (0%)Tax/Other $0

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow
FY23
Rev $307.5M
FY24
Rev $366.1M
FY25
Rev $361.1M
Fiscal YearRevenueGross MarginOp MarginNet ProfitFree Cash FlowROIC %
FY 2025$361.1M52.5%-0.2%-$10.8M$45.9M-0.2%
FY 2024$366.1M51.6%-1.9%$40.8M$111.2M-2.2%
FY 2023$307.5M44%-14.1%-$43.4M-$63.2M-1.8%
🔴 SUNDAY NIGHT PREP • 7:00 PM ETHosted Live by Perry Belcher & Guest Forensic Quant Desk

Red-Light Warning Desk: How Pros Profit When Overhyped Stocks Crack (Featuring PI)

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RQD INSIDER CLUB UPGRADE$49/YEAR
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PI // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +23.97%▲ ASCENDING CHANNEL
2026-10-30O $175.0H $180.8L $173.5C $179.7VOL 411.1K
RES: $209.6SUP: $159.7SMA50: $176.9SMA200: $143.9
$209.2$182.0$154.8$127.7$100.5RES $209.6SUP $159.7$179.72026-04-302026-06-152026-07-312026-09-162026-10-30
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

PI Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)
16.8%/yr Implied 5Y Growth

vs. -1.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on PI today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for PI. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for PI today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

PI Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

How profitable is Impinj Inc. (PI)?

In FY 2025 (10-K), PI converted $361.1M of revenue into a 52.5% gross margin, 0% operating margin, and $45.9M in free cash flow (12.7% FCF margin).