Filing Flows › Impinj (PI) › How it makes money
How Impinj (PI) makes money
Impinj (PI) made $112M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Endpoint I Cs brought in $97.3M (87%); Systems brought in $14.8M (13%). Of every dollar of revenue, 53¢ was left as gross profit, 4¢ was left as operating profit, 4¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Endpoint I Cs | $97.3M | 86.8% | +0.9% | +24% |
| Systems | $14.8M | 13.2% | +23% | -15% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $112M | 100.0% |
| Cost of revenue | $53.0M | 47.2% |
| Gross profit | $59.1M | 52.8% |
| Operating expenses | $54.5M | 48.7% |
| Operating profit | $4.6M | 4.1% |
| Income tax | $40K | 0.0% |
| Net earnings | $4.7M | 4.2% |
| Operating cash flow | $25.6M | 22.8% |
| Free cash flow | $20.6M | 18.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $112M | +17% |
| Q2 2026 | $108M | +11% |
| Q1 2026 | $74.2M | 0% |
| Q4 2025 | $92.8M | +1% |
| Q3 2025 | $96.1M | +0.9% |
| Q2 2025 | $97.9M | -4% |
| Q1 2025 | $74.3M | -3% |
From Impinj's 10-Q filed Oct 28, 2026 (on EDGAR).
Questions
How does Impinj make money?
Impinj (PI) made $112M of revenue in the third quarter 2026 (Q3 2026), +17% from a year earlier. Endpoint I Cs brought in $97.3M (87%); Systems brought in $14.8M (13%). Of every dollar of revenue, 53¢ was left as gross profit, 4¢ was left as operating profit, 4¢ was left as net earnings.
What is Impinj's biggest business?
Endpoint I Cs: $97.3M in the third quarter 2026, 87% of revenue, +24% from a year earlier.
What is Impinj's profit margin?
Net earnings were $4.7M, 4.2% of revenue, in the third quarter 2026; the operating margin was 4.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.