For the quarter ending 2026-03-31, PI had -$15,911K decrease in cash & cash equivalents over the period. $2,233K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -25,261 | -1,139 | -12,810 | 3,102 |
| Depreciation and amortization | 3,845 | 3,958 | 3,852 | 7,230 |
| Stock-based compensation | 14,691 | 15,167 | 14,551 | 25,545 |
| Accretion of discount or amortization of premium on investments | 188 | 479 | 743 | 1,117 |
| Amortization of debt issuance costs | 517 | 523 | 444 | 830 |
| Induced conversion expense related to convertible notes | 11,938 | 0 | 15,026 | - |
| Deferred tax expense | -103 | -99 | -105 | -192 |
| Accounts receivable | 1,601 | 9,573 | 6,083 | -1,930 |
| Inventory | 1,355 | -7,682 | -3,565 | -3,241 |
| Prepaid expenses and other assets | 202 | -682 | 2,217 | -808 |
| Accounts payable | 1,402 | -2,399 | 4,439 | -5,416 |
| Accrued compensation and employee related benefits | 913 | 394 | 267 | -13,173 |
| Accrued and other liabilities | -832 | 325 | 652 | 7 |
| Operating lease right-of-use assets | -390 | -491 | -686 | -1,333 |
| Operating lease liabilities | 292 | -113 | -907 | -1,792 |
| Deferred revenue | -466 | -284 | 276 | 381 |
| Net cash provided by (used in) operating activities | 3,980 | 15,136 | 20,893 | 22,717 |
| Purchases of investments | 21,223 | 56,478 | 39,188 | 107,105 |
| Proceeds from sales of investments | - | 0 | 12,937 | - |
| Proceeds from maturities of investments | 48,700 | 39,200 | 31,660 | 83,820 |
| Purchases of property and equipment | 1,747 | 1,518 | 2,940 | 8,403 |
| Net cash provided by investing activities | 25,730 | -18,796 | 2,469 | -31,688 |
| Proceeds from issuance of 2021 notes, net of issuance costs | - | 0 | 183,658 | - |
| Premiums paid for capped call transactions | - | 0 | -11,210 | - |
| Payment of 2021 notes | 47,031 | 0 | 190,000 | - |
| Proceeds from exercise of stock options and employee stock purchase plan | 3,010 | 770 | 4,291 | 6,734 |
| Payments of taxes on restricted stock units | 1,553 | 621 | 779 | 1,771 |
| Net cash provided by (used in) financing activities | -45,574 | 149 | -14,040 | 4,963 |
| Effect of exchange rate changes on cash and cash equivalents | -47 | -9 | -13 | 372 |
| Net increase (decrease) in cash and cash equivalents | -15,911 | -3,520 | 9,309 | -3,636 |
| Beginning of period | 48,206 | -5,673 | 46,053 | - |
| End of period | 32,295 | -3,520 | 51,726 | - |
IMPINJ INC (PI)
IMPINJ INC (PI)