Filing Flows › Impinj (PI) › Q1 2025
Impinj (PI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 23, 2025
Impinj (PI) reported revenue of $74.3M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -19% from the quarter before. Operating margin was -12.9%, net loss $8.5M (11.4% of revenue).
Impinj, Q1 2025: revenue $74.3M (-3% year over year), operating margin -12.9%, net loss $8.5M, operating cash flow −$11.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.3M | -19% | -3% |
| Operating profit | −$9.6M | — | — |
| Net earnings | −$8.5M | — | — |
| Operating cash flow | −$11.1M | — | — |
What changed
Revenue was $74.3M in Q1 2025, down 3% year over year and down 19% from the previous quarter. Endpoint I Cs was the largest line at 82% of revenue. Systems lost $2.3M year over year (down 15%), 89% of the total change.
Gross margin was 49.4%, up 0.5 points from a year earlier. Operating costs exceeded revenue by $9.6M, an operating margin of -12.9%. Operating expenses fell 6% while revenue fell 3%. The fastest-growing cost line was Research & development (+12%). The quarter ended with a net loss of $8.5M, wider than the previous quarter's $2.7M loss.
Operating cash flow was −$11.1M. Non-cash charges added back $3.5M of depreciation and amortization and $12.5M of share-based compensation. Working capital and other items used $18.7M. Capital expenditures of $1.9M exceeded it, leaving free cash flow of −$13.0M.
Questions
What was Impinj's revenue in the first quarter 2025?
Impinj (PI) reported revenue of $74.3M for the first quarter 2025 (Q1 2025), -3% from a year earlier and -19% from the quarter before.
Was Impinj profitable in the first quarter 2025?
Operating loss was $9.6M (-12.9% of revenue) and net loss $8.5M.
Source: Impinj 10-Q on SEC EDGAR.