IMPINJ INC

For the period ended Sep 30, 2025. Filed Oct 29, 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.

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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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share data, unaudited)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Revenue	$96,055	$95,198	$268,226	$274,518
Cost of revenue	47,727	47,629	126,604	131,885
Gross profit	48,328	47,569	141,622	142,633
Operating expenses:
Research and development	25,720	25,492	75,686	72,935
Sales and marketing	9,380	9,888	26,173	29,891
General and administrative	12,035	12,452	36,259	39,040
Amortization of intangibles	537	506	1,543	2,411
Restructuring costs	—	—	—	1,812
Total operating expenses	47,672	48,338	139,661	146,089
Income (loss) from operations	656	(769)	1,961	(3,456)
Other income, net	2,592	2,416	6,705	5,830
Income from settlement of litigation	—	—	—	45,000
Induced conversion expense	(15,026)	—	(15,026)	—
Interest expense	(1,121)	(1,219)	(3,569)	(3,652)
Income (loss) before income taxes	(12,899)	428	(9,929)	43,722
Income tax benefit (expense)	89	(207)	221	(194)
Net income (loss)	$(12,810)	$221	$(9,708)	$43,528
Net income (loss) per share — basic	$(0.44)	$0.01	$(0.33)	$1.57
Net income (loss) per share — diluted	$(0.44)	$0.01	$(0.33)	$1.48
Weighted-average shares outstanding — basic	29,338	28,168	28,995	27,805
Weighted-average shares outstanding — diluted	29,338	29,727	28,995	31,918

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.