Filing Flows › Impinj (PI) › Q1 2026
Impinj (PI) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 29, 2026
Impinj (PI) reported revenue of $74.2M for the first quarter 2026 (Q1 2026), 0% from a year earlier and -20% from the quarter before. Operating margin was -20.4%, net loss $25.3M (34.0% of revenue).
Impinj, Q1 2026: revenue $74.2M (0% year over year), operating margin -20.4%, net loss $25.3M, operating cash flow $4.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $74.2M | -20% | 0% |
| Operating profit | −$15.2M | — | — |
| Net earnings | −$25.3M | — | — |
| Operating cash flow | $4.0M | -74% | — |
| Free cash flow | $2.2M | -84% | — |
What changed
Revenue was $74.2M in Q1 2026, roughly flat year over year and down 20% from the previous quarter. Endpoint I Cs was the largest line at 85% of revenue. Systems lost $2.0M year over year (down 15%), 7474% of the total change.
Gross margin was 49.1%, down 0.3 points from Q1 2025. Operating costs exceeded revenue by $15.2M, an operating margin of -20.4%. Operating expenses grew 12% against flat revenue. The fastest-growing cost line was Sales & marketing (+21%). The quarter ended with a net loss of $25.3M, wider than the previous quarter's $1.1M loss.
Operating cash flow was $4.0M. Non-cash charges added back $3.8M of depreciation and amortization and $14.7M of share-based compensation. Working capital and other items added $10.7M. Capital expenditures of $1.7M left free cash flow of $2.2M.
Questions
What was Impinj's revenue in the first quarter 2026?
Impinj (PI) reported revenue of $74.2M for the first quarter 2026 (Q1 2026), 0% from a year earlier and -20% from the quarter before.
Was Impinj profitable in the first quarter 2026?
Operating loss was $15.2M (-20.4% of revenue) and net loss $25.3M.
Source: Impinj 10-Q on SEC EDGAR.