IMPINJ INC

For the period ended Jun 30, 2025. Filed Jul 30, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Jul 30, 2025

PI$174.73+2.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share data, unaudited)

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Revenue	$97,894	$102,495	$172,171	$179,320
Cost of revenue	41,281	44,979	78,877	84,256
Gross profit	56,613	57,516	93,294	95,064
Operating expenses:
Research and development	24,652	24,924	49,966	47,443
Sales and marketing	8,738	9,827	16,793	20,003
General and administrative	11,828	13,223	24,224	26,588
Amortization of intangibles	521	496	1,006	1,905
Restructuring costs	—	—	—	1,812
Total operating expenses	45,739	48,470	91,989	97,751
Income (loss) from operations	10,874	9,046	1,305	(2,687)
Other income, net	2,053	2,122	4,113	3,414
Income from settlement of litigation	—	—	—	45,000
Interest expense	(1,225)	(1,217)	(2,448)	(2,433)
Income before income taxes	11,702	9,951	2,970	43,294
Income tax benefit (expense)	(149)	12	132	13
Net income	$11,553	$9,963	$3,102	$43,307
Net income per share — basic	$0.40	$0.36	$0.11	$1.57
Net income per share — diluted	$0.39	$0.34	$0.10	$1.44
Weighted-average shares outstanding — basic	29,008	27,889	28,824	27,623
Weighted-average shares outstanding — diluted	29,655	29,422	29,550	31,718

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.