IMPINJ INC
For the period ended Sep 30, 2025. Filed Oct 29, 2025.
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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.
Sep 30, 2025 · Filed Oct 29, 2025
PI$171.81-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities: | ||
| Net income (loss) | $(9,708) | $43,528 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 11,082 | 10,155 |
| Stock-based compensation | 40,096 | 41,336 |
| Restructuring equity modification expense | — | 366 |
| Accretion of discount or amortization of premium on investments | (1,860) | (247) |
| Amortization of debt issuance costs | 1,274 | 1,226 |
| Induced conversion expense related to convertible notes | 15,026 | — |
| Deferred tax expense | (297) | (471) |
| Revaluation of acquisition-related contingent consideration liability | — | 986 |
| Changes in operating assets and liabilities, net of amounts acquired: | ||
| Accounts receivable | (4,153) | (9,438) |
| Inventory | 6,806 | 8,825 |
| Prepaid expenses and other assets | (1,409) | (610) |
| Accounts payable | (977) | 12,056 |
| Accrued compensation and employee related benefits | (12,906) | 9,515 |
| Accrued and other liabilities | 659 | 1,268 |
| Acquisition-related contingent consideration liability | — | (2,556) |
| Operating lease right-of-use assets | 2,019 | 1,921 |
| Operating lease liabilities | (2,699) | (2,542) |
| Deferred revenue | 657 | 369 |
| Net cash provided by operating activities | 43,610 | 115,687 |
| Investing activities: | ||
| Purchases of investments | (146,293) | (154,331) |
| Proceeds from sales of investments | 12,937 | — |
| Proceeds from maturities of investments | 115,480 | 18,605 |
| Purchases of property and equipment | (11,343) | (12,979) |
| Net cash used in investing activities | (29,219) | (148,705) |
| Financing activities: | ||
| Proceeds from issuance of 2025 Notes, net of issuance costs | 183,658 | — |
| Premiums paid for capped call transactions | (11,210) | — |
| Payment of 2021 Notes | (190,000) | — |
| Proceeds from exercise of stock options and employee stock purchase plan | 11,025 | 16,499 |
| Payments of taxes on restricted stock units | (2,550) | — |
| Payment of acquisition-related contingent consideration | — | (4,602) |
| Net cash provided by (used in) financing activities | (9,077) | 11,897 |
| Effect of exchange rate changes on cash and cash equivalents | 359 | 32 |
| Net increase (decrease) in cash and cash equivalents | 5,673 | (21,089) |
| Cash and cash equivalents | ||
| Beginning of period | 46,053 | 94,793 |
| End of period | $51,726 | $73,704 |
| Supplemental disclosure of cashflow information: | ||
| Cash paid for interest | 2,288 | 1,617 |
| Purchases of property and equipment not yet paid | 608 | 1,196 |
| Operating lease liabilities arising from obtaining ROU assets | 507 | — |
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