Impinj Reports Fourth Quarter, Full Year 2025 Financial Results

Impinj, Inc. released its financial results for the fourth quarter and year ended Dec. 31, 2025.

“2025 was a transition year for Impinj. We grew year-over-year endpoint IC volumes, made M800 our volume runner, launched Gen2X and exited the year with record adjusted EBITDA and cash,” says Chris Diorio, Impinj co-founder and CEO. “As we continue driving our bold vision, I remain confident in our market position and energized by the opportunities ahead.”

Fourth Quarter 2025 Financial Summary

• Revenue of $92.8 million.

• GAAP gross margin of 51.8%; non-GAAP gross margin of 54.5%.

• GAAP net loss of $1.1 million, or loss of $0.04 per diluted share using 30.1 million shares.

• Adjusted EBITDA of $16.4 million.

• Non-GAAP net income of $15.6 million, or income of $0.50 per diluted share using 32.0 million shares.

Full Year 2025 Financial Summary

• Revenue of $361.1 million.

• GAAP gross margin of 52.5%; non-GAAP gross margin of 55.3%.

• GAAP net loss of $10.8 million, or loss of $0.37 per diluted share using 29.3 million shares.

• Adjusted EBITDA of $69.6 million.

• Non-GAAP net income of $64.2 million, or income of $2.11 per diluted share using 32.2 million shares.