Business
Impinj Reports Second Quarter 2025 Financial Results
SEATTLE--(BUSINESS WIRE)-- Impinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for
About this update from Impinj, Inc.
[{"type":"text","content":" SEATTLE--(BUSINESS WIRE)--\nImpinj, Inc. (NASDAQ: PI), a leading RAIN RFID provider and Internet of Things pioneer, today released its financial results for the second quarter ended June 30, 2025.\n\n\n“Our second-quarter results were strong, with revenue and adjusted EBITDA exceeding our guidance,” said Chris Diorio, Impinj co-founder and CEO. “We continue managing our business with a steady hand, focused on extending our technology lead, market share, platform adoption and delighting our enterprise customer.”\n\n\nSecond Quarter 2025 Financial Summary\n\n\n\nRevenue of $97.9 million\n\n\n\nGAAP gross margin of 57.8%; non-GAAP gross margin of 60.4%\n\n\n\nGAAP net income of $11.6 million, or $0.39 per diluted share using 29.7 million shares\n\n\n\nAdjusted EBITDA of $27.6 million\n\n\n\nNon-GAAP net income of $24.5 million, or income of $0.80 per diluted share using 32.2 million shares\n\n\n\nA reconciliation between GAAP and non-GAAP information is contained in the tables below. Additionally, descriptions of these non-GAAP financial measures are provided in the “Non-GAAP Financial Measures” sections below.\n\n\nThird Quarter 2025 Financial Outlook\n\n\nImpinj provides guidance based on current market conditions and expectations; actual results may differ materially. Please refer to the comments below regarding forward-looking statements. The following table presents Impinj’s financial outlook for the third quarter of 2025 (in millions, except per share data):\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nThree Months Ending\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\nSeptember 30, 2025\n\n\n\n\n\n\n\n\nRevenue\n\n\n\n\n\n\n \n\n\n\n\n\n\n$91.0 to $94.0\n\n\n\n\n\n\n\n\nGAAP Net loss\n\n\n\n\n\n\n \n\n\n\n\n\n\n($2.2 ) to ($0.7 )\n\n\n\n\n\n\n\n\nAdjusted EBITDA income\n\n\n\n\n\n\n \n\n\n\n\n\n\n$15.6 to $17.1\n\n\n\n\n\n\n\n\nGAAP Weighted-average shares — diluted\n\n\n\n\n\n\n \n\n\n\n\n\n\n29.2 to 29.4\n\n\n\n\n\n\n\n\nGAAP Net loss per share — diluted\n\n\n\n\n\n\n \n\n\n\n\n\n\n($0.07) to ($0.02)\n\n\n\n\n\n\n\n\nNon-GAAP Net income\n\n\n\n\n\n\n \n\n\n\n\n\n\n$14.0 to $15.5\n\n\n\n\n\n\n\n\nNon-GAAP Weighted-average shares — diluted\n\n\n\n\n\n\n \n\n\n\n\n\n\n32.5 to 32.7\n\n\n\n\n\n\n\n\nNon-GAAP Net income per share — diluted\n\n\n\n\n\n\n \n\n\n\n\n\n\n$0.47 to $0.51\n\n\n\n\n\n\n\nA reconciliation between GAAP and non-...