Impinj Inc (PI)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 40,838 | -43,366 | -24,301 | -51,260 | -51,923 |
| Revenue | US$ in thousands | 366,087 | 302,856 | 254,853 | 189,633 | 135,412 |
| Net profit margin | 11.16% | -14.32% | -9.54% | -27.03% | -38.34% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $40,838K ÷ $366,087K
= 11.16%
The net profit margin of Impinj Inc has shown fluctuations over the years based on the provided data. In December 2020, the net profit margin was -38.34%, indicating that the company's expenses exceeded its revenues by a significant margin. The margin improved in the following years, reaching -27.03% in December 2021 and subsequently decreasing to -9.54% by December 2022. However, there was a slight decline in the net profit margin to -14.32% by December 2023.
The most notable improvement occurred by December 2024, where the net profit margin turned positive at 11.16%. This positive net profit margin suggests that Impinj Inc was able to generate a profit after accounting for all expenses and taxes during that period. It is crucial for the company to maintain or further enhance this positive trend in the future to ensure sustainable profitability and financial health.
Peer comparison
Dec 31, 2024