Companies: 10,795·Total market cap: $144.5T
Impinj, Inc.

Impinj, Inc.

PINASDAQTechnology● Active
$129.33
+$8.40(+6.95%)
Market Cap$3.9B
P/E Ratio—
52W High$247.064
52W Low$87.36
Free Cash FlowFinancialsRevenue

Impinj, Inc. (PI) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

PI · free cash flow · updated Jun 9, 2026

Core FCF metrics

Free cash flow was $45.9M for FY2025 (fiscal year ending 2025-12-31), down 58.7% year-over-year The FCF margin was 12.7%.

FY2025 Free Cash Flow$45.9M▼ -58.7% YoY
Trailing 12M (TTM)$61.1Mtrailing 4 quarters sum
FCF Margin12.7%$45.9M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 9, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
pi free cash flow history · pi free cash flow chart · pi free cash flow growth rate · pi free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$45.9M▼ 58.7%12.7%
FY2024$111.2M▲ +263.0%30.4%
FY2023−$68.2M▼ 496.5%-22.2%
FY2022−$11.4M▼ 17.1%-4.4%
FY2021−$9.8M▲ +51.1%-5.1%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
pi free cash flow 2025 · pi free cash flow 2024 · pi free cash flow 2023 · pi operating cash flow

FCF valuation metrics

Impinj, Inc. (PI) trades at a FCF yield of 1.55% and a price-to-free-cash-flow ratio of 61.9x. FCF per share stands at $2.09, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
1.55%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$2.09
TTM FCF ÷ Shares Outstanding
Price / FCF
x61.9
Share Price ÷ FCF per Share
EV / FCF (TTM)
x68.3
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
pi price to free cash flow · pi free cash flow yield · pi free cash flow per share · pi price to cash flow ratio

Cash flow statement summary

For FY2025, Impinj, Inc. generated $58.7M in operating cash flow and spent 13M in capital expenditures, yielding $45.9M in free cash flow.

Operating Activities
+$58.7M
Cash from core business operations
2025-12-31
Investing Activities
−$48.0M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
−$8.9M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($58.7M) − |CapEx| (13M) = FCF ($45.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
pi cash flow statement · pi cash flow statement 2025 · pi operating cash flow · pi cash flow from operations

Free cash flow vs peers (Technology)

#CompanyFree Cash FlowYoY
#1
Impinj, Inc.
Impinj, Inc.YOU
PI
$45.9M-58.7%
#2
Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited
TSM
$1.10T+26.1%#3
Apple Inc.
Apple Inc.
AAPL
$98.77B-9.2%#4
NVIDIA Corporation
NVIDIA Corporation
NVDA
$96.68B+58.9%#5
Microsoft Corporation
Microsoft Corporation
MSFT
$71.61B-3.3%#6
Broadcom Inc.
Broadcom Inc.
AVGO
$26.91B+38.6%
Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Impinj, Inc. (PI) reported free cash flow of $45.9M for FY2025 (fiscal year ending 2025-12-31), down 58.7% year-over-year. The FCF margin was 12.7%.

Based on available data, Impinj, Inc. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $111.2M in FY2024.

Impinj, Inc.'s FCF yield is 1.55% and price-to-FCF ratio is 61.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

PI free cash flow · 8 questions

Impinj, Inc. free cash flow was $45.9M for FY2025, down 58.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $61.1M.

PI free cash flowPI FCFPI FCF 2025PI free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Impinj, Inc. · Impinj, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026