Impinj Inc. (PI) stock falls on Q4 2025 Earnings

Impinj Inc. ($PI) reported fourth-quarter 2025 results.

Revenue: $92.8 million (up 1.4% year-over-year).

Gross profit: $48.1 million (up 4.0% year-over-year).

Operating loss: $2.7 million (worse by 25.3% year-over-year).

Net loss attributable to common shareholders: $1.1 million (down 57.7% year-over-year).

Diluted EPS: -$0.04 (down 55.6% year-over-year).

Performance versus expectations:

Revenue estimate: $94.9 million; actual revenue: $92.8 million.

EPS estimate: $0.52; actual diluted EPS: -$0.04.

Cash flow and balance sheet highlights:

Cash from operating activities: $15.1 million (up 19.9% year-over-year).

Purchases of property, plant and equipment: $1.5 million (down 63.3% year-over-year).

Cash and cash equivalents: $48.2 million (up 4.7% year-over-year).

Total liabilities: $336 million (down 1.0% year-over-year).

Cost of sales: $44.8 million (down 1.2% year-over-year).

Shares fell 19.17% since market close following the release.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Impinj Inc. Insider Trading Activity

Impinj Inc. insiders have traded $PI stock on the open market 61 times in the past 6 months. Of those trades, 0 have been purchases and 61 have been sales.

Here’s a breakdown of recent trading of $PI stock by insiders over the last 6 months:

CAPITAL LLC SYLEBRA has made 0 purchases and 23 sales selling 997,108 shares for an estimated $169,461,071.
CHRIS PH.D. DIORIO (CHIEF EXECUTIVE OFFICER) has made 0 purchases and 37 sales selling 39,096 shares for an estimated $7,348,829.
MIRON WASHINGTON sold 342 shares for an estimated $54,356

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Impinj Inc. Hedge Fund Activity

We have seen 163 institutional investors add shares of Impinj Inc. stock to their portfolio, and 167 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

DRIEHAUS CAPITAL MANAGEMENT LLC added 514,500 shares (+inf%) to their portfolio in Q3 2025, for an estimated $92,995,875
INVESCO LTD. added 393,685 shares (+48.3%) to their portfolio in Q3 2025, for an estimated $71,158,563
WHALE ROCK CAPITAL MANAGEMENT LLC added 338,487 shares (+38.2%) to their portfolio in Q3 2025, for an estimated $61,181,525
POINT72 ASSET MANAGEMENT, L.P. removed 317,103 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $57,316,367
SYLEBRA CAPITAL LLC removed 300,000 shares (-14.1%) from their portfolio in Q3 2025, for an estimated $54,225,000
BLACKROCK, INC. added 227,806 shares (+5.9%) to their portfolio in Q3 2025, for an estimated $41,175,934
PRICE T ROWE ASSOCIATES INC /MD/ added 227,788 shares (+51.0%) to their portfolio in Q3 2025, for an estimated $41,172,681

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Impinj Inc. Analyst Ratings

Wall Street analysts have issued reports on $PI in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Cantor Fitzgerald issued a "Overweight" rating on 10/30/2025
Evercore ISI Group issued a "Outperform" rating on 10/30/2025
Piper Sandler issued a "Overweight" rating on 10/23/2025
Susquehanna issued a "Positive" rating on 10/22/2025
Barclays issued a "Overweight" rating on 10/08/2025
Needham issued a "Buy" rating on 09/15/2025

To track analyst ratings and price targets for Impinj Inc., check out Quiver Quantitative's $PI forecast page.

Impinj Inc. Price Targets

Multiple analysts have issued price targets for $PI recently. We have seen 7 analysts offer price targets for $PI in the last 6 months, with a median target of $235.0.

Here are some recent targets:

Timothy Arcuri from UBS set a target price of $190.0 on 01/26/2026
James Ricchiuti from Needham set a target price of $255.0 on 01/16/2026
Guy Hardwick from Barclays set a target price of $211.0 on 11/05/2025
Mark Lipacis from Evercore ISI Group set a target price of $273.0 on 10/30/2025
Troy Jensen from Cantor Fitzgerald set a target price of $246.0 on 10/30/2025
Harsh Kumar from Piper Sandler set a target price of $230.0 on 10/23/2025
Christopher Rolland from Susquehanna set a target price of $235.0 on 10/22/2025