<span item_type="fundamental" item_id="a9be5fd1673a4434a71f2c10d1950de8" counter_id="ST/US/PI" env="prod"></span><span item_type="announcement" item_id="612878210357526657" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 92.85 M, beating the estimate of USD 92.79 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD -0.04, meeting the estimate of USD -0.04.</p><p></p><h4>Fourth Quarter 2025 Financial Summary</h4><p>Impinj, Inc. reported a GAAP gross margin of 51.8% and a Non-GAAP gross margin of 54.5% for the fourth quarter of 2025. Adjusted EBITDA for the quarter reached $16.4 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114995/000119312526039432/pi-ex99_1.htm"></span>.</p><h4>Full Year 2025 Financial Summary</h4><p>For the full year 2025, Impinj, Inc.’s GAAP gross margin was 52.5%, an increase from 51.6% in 2024. Non-GAAP gross margin also improved to 55.3% from 54.0% in 2024. Adjusted EBITDA for the year was $69.6 million, up from $65.863 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114995/000119312526039432/pi-ex99_1.htm"></span>.</p><h4>Operational Metrics (Full Year Comparison)</h4><p>Impinj, Inc. reported a gross profit of $189,677 thousand in 2025, a slight increase from $188,855 thousand in 2024. The company’s loss from operations significantly improved to - $737 thousand in 2025, compared to - $7,069 thousand in 2024. Total operating expenses decreased to $190,414 thousand in 2025 from $195,924 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114995/000119312526039432/pi-ex99_1.htm"></span>.</p><p>Specific operating expense details for 2025 include research and development expenses at $102,615 thousand (up from $98,829 thousand in 2024), sales and marketing expenses at $36,530 thousand (down from $40,579 thousand in 2024), and general and administrative expenses at $49,192 thousand (down from $51,802 thousand in 2024). Amortization of intangibles was $2,077 thousand in 2025, lower than $2,902 thousand in 2024, and restructuring costs were $0 thousand in 2025, compared to $1,812 thousand in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114995/000119312526039432/pi-ex99_1.htm"></span>.</p><h4>Cash Flow (Full Year Comparison)</h4><p>Net cash provided by operating activities for Impinj, Inc. was $58,746 thousand in 2025, a decrease from $128,310 thousand in 2024. Free cash flow was $45,885 thousand in 2025, down from $111,198 thousand in 2024. Adjusted free cash flow for 2025 was $45,885 thousand, compared to $66,198 thousand in 2024 after adjusting for litigation settlement income <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114995/000119312526039432/pi-ex99_1.htm"></span>.</p><h4>First Quarter 2026 Financial Outlook</h4><p>Impinj, Inc. anticipates first-quarter 2026 revenue to be between $71.0 million and $74.0 million. The GAAP net loss is projected to range from - $16.6 million to - $15.1 million, with adjusted EBITDA income expected between $1.2 million and $2.7 million. Non-GAAP net income is forecasted to be between $2.5 million and $4.0 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1114995/000119312526039432/pi-ex99_1.htm"></span>.</p>

Impinj | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 92.85 M