IMPINJ INC
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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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, 2026 · Filed Oct 28, 2026
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, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities: | ||
| Net loss | $(8,364) | $(9,708) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Depreciation and amortization | 11,538 | 11,082 |
| Stock-based compensation | 47,092 | 40,096 |
| Accretion of discount or amortization of premium on investments | (685) | (1,860) |
| Amortization of debt issuance costs | 1,444 | 1,274 |
| Loss on fixed asset disposal | 114 | — |
| Gain on remeasurement of capped call transactions | (102) | — |
| Induced conversion expense related to convertible notes | 13,731 | 15,026 |
| Deferred tax expense | (308) | (297) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (7,372) | (4,153) |
| Inventory | 1,553 | 6,806 |
| Prepaid expenses and other assets | (1,937) | (1,409) |
| Accounts payable | (204) | (977) |
| Accrued compensation and employee related benefits | 5,179 | (12,906) |
| Accrued and other liabilities | (899) | 659 |
| Operating lease right-of-use assets | 1,211 | 2,019 |
| Operating lease liabilities | (255) | (2,699) |
| Deferred revenue | (544) | 657 |
| Net cash provided by operating activities | 61,192 | 43,610 |
| Investing activities: | ||
| Purchases of investments | (120,959) | (146,293) |
| Proceeds from sales of investments | 45,183 | 12,937 |
| Proceeds from maturities of investments | 115,072 | 115,480 |
| Purchases of property and equipment | (9,186) | (11,343) |
| Net cash provided by (used in) investing activities | 30,110 | (29,219) |
| 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 | (103,560) | (190,000) |
| Proceeds from exercise of stock options and employee stock purchase plan | 5,296 | 11,025 |
| Payments of taxes on restricted stock units | (2,415) | (2,550) |
| Net cash used in financing activities | (100,679) | (9,077) |
| Effect of exchange rate changes on cash and cash equivalents | (88) | 359 |
| Net increase (decrease) in cash and cash equivalents | (9,465) | 5,673 |
| Cash and cash equivalents | ||
| Beginning of period | 48,206 | 46,053 |
| End of period | $38,741 | $51,726 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid for interest | 687 | 2,288 |
| Purchases of property and equipment not yet paid | 391 | 608 |
| Lease liabilities arising from obtaining ROU Assets | 1,659 | 507 |
| Cash settlement election for capped call transaction and resulting reclassification from equity to derivative asset | 48,554 | — |
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