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Side-by-side financial comparison of AVADEL PHARMACEUTICALS PLC (AVDL) and IMPINJ INC (PI). Click either name above to swap in a different company.

AVADEL PHARMACEUTICALS PLC is the larger business by last-quarter revenue ($77.5M vs $74.3M, roughly 1.0× IMPINJ INC). IMPINJ INC runs the higher net margin — 11.2% vs 0.0%, a 11.2% gap on every dollar of revenue. On growth, AVADEL PHARMACEUTICALS PLC posted the faster year-over-year revenue change (54.9% vs -0.0%). AVADEL PHARMACEUTICALS PLC produced more free cash flow last quarter ($22.2M vs $2.2M). Over the past eight quarters, AVADEL PHARMACEUTICALS PLC's revenue compounded faster (99.6% CAGR vs -14.9%).

Avadel Pharmaceuticals, is an Irish specialty pharmaceutical company that focuses on sleep disorder medicines. Avadel markets products in the hospital and primary care spaces. The company is headquartered in Dublin, Ireland with operations in St. Louis, Missouri and Lyon, France.

Impinj, Inc. is an American manufacturer of radio-frequency identification (RFID) devices and software. The company was founded in 2000 and is headquartered in Seattle, Washington. The company was started based on the research done at the California Institute of Technology by Carver Mead and Chris Diorio. Impinj currently produces EPC Class 1, Gen 2 passive UHF RFID chips, RFID readers, RFID reader chips, and RFID antennas, and software applications for encoding chips, and gathering business ...

AVDL vs PI — Head-to-Head

Bigger by revenue
AVDL
AVDL
1.0× larger
AVDL
$77.5M
$74.3M
PI
Growing faster (revenue YoY)
AVDL
AVDL
+54.9% gap
AVDL
54.9%
-0.0%
PI
Higher net margin
PI
PI
11.2% more per $
PI
11.2%
0.0%
AVDL
More free cash flow
AVDL
AVDL
$20.0M more FCF
AVDL
$22.2M
$2.2M
PI
Faster 2-yr revenue CAGR
AVDL
AVDL
Annualised
AVDL
99.6%
-14.9%
PI

Income Statement — Q3 FY2025 vs Q1 FY2026

Metric
AVDL
AVDL
PI
PI
Revenue
$77.5M
$74.3M
Net Profit
$20.0K
$8.3M
Gross Margin
49.1%
Operating Margin
2.5%
30.5%
Net Margin
0.0%
11.2%
Revenue YoY
54.9%
-0.0%
Net Profit YoY
100.8%
EPS (diluted)
$0.00
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AVDL
AVDL
PI
PI
Q1 26
$74.3M
Q4 25
$92.8M
Q3 25
$77.5M
$96.1M
Q2 25
$68.1M
$97.9M
Q1 25
$52.5M
$74.3M
Q4 24
$50.4M
$91.6M
Q3 24
$50.0M
$95.2M
Q2 24
$41.5M
$102.5M
Net Profit
AVDL
AVDL
PI
PI
Q1 26
$8.3M
Q4 25
$-1.1M
Q3 25
$20.0K
$-12.8M
Q2 25
$9.7M
$11.6M
Q1 25
$-4.9M
$-8.5M
Q4 24
$-5.0M
$-2.7M
Q3 24
$-2.6M
$221.0K
Q2 24
$-13.8M
$10.0M
Gross Margin
AVDL
AVDL
PI
PI
Q1 26
49.1%
Q4 25
51.8%
Q3 25
50.3%
Q2 25
90.7%
57.8%
Q1 25
89.4%
49.4%
Q4 24
90.5%
50.5%
Q3 24
87.7%
50.0%
Q2 24
93.3%
56.1%
Operating Margin
AVDL
AVDL
PI
PI
Q1 26
30.5%
Q4 25
-2.9%
Q3 25
2.5%
0.7%
Q2 25
13.0%
11.1%
Q1 25
-5.7%
-12.9%
Q4 24
-6.5%
-3.9%
Q3 24
-0.7%
-0.8%
Q2 24
-30.7%
8.8%
Net Margin
AVDL
AVDL
PI
PI
Q1 26
11.2%
Q4 25
-1.2%
Q3 25
0.0%
-13.3%
Q2 25
14.2%
11.8%
Q1 25
-9.4%
-11.4%
Q4 24
-10.0%
-2.9%
Q3 24
-5.2%
0.2%
Q2 24
-33.3%
9.7%
EPS (diluted)
AVDL
AVDL
PI
PI
Q1 26
$0.14
Q4 25
$-0.02
Q3 25
$0.00
$-0.44
Q2 25
$0.10
$0.39
Q1 25
$-0.05
$-0.30
Q4 24
$-0.04
$-0.06
Q3 24
$-0.03
$0.01
Q2 24
$-0.14
$0.34

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AVDL
AVDL
PI
PI
Cash + ST InvestmentsLiquidity on hand
$91.6M
$131.8M
Total DebtLower is stronger
$241.5M
Stockholders' EquityBook value
$98.2M
Total Assets
$199.4M
$502.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AVDL
AVDL
PI
PI
Q1 26
$131.8M
Q4 25
$175.3M
Q3 25
$91.6M
$190.1M
Q2 25
$81.5M
$193.2M
Q1 25
$66.5M
$147.9M
Q4 24
$73.8M
$164.7M
Q3 24
$65.8M
$170.3M
Q2 24
$71.4M
$220.2M
Total Debt
AVDL
AVDL
PI
PI
Q1 26
$241.5M
Q4 25
$280.9M
Q3 25
$280.4M
Q2 25
Q1 25
Q4 24
$283.5M
Q3 24
Q2 24
Stockholders' Equity
AVDL
AVDL
PI
PI
Q1 26
Q4 25
$209.2M
Q3 25
$98.2M
$195.0M
Q2 25
$90.7M
$187.7M
Q1 25
$74.1M
$160.6M
Q4 24
$73.8M
$149.9M
Q3 24
$74.7M
$136.1M
Q2 24
$70.3M
$117.0M
Total Assets
AVDL
AVDL
PI
PI
Q1 26
$502.5M
Q4 25
$545.2M
Q3 25
$199.4M
$516.5M
Q2 25
$187.2M
$508.8M
Q1 25
$167.9M
$479.8M
Q4 24
$164.2M
$489.1M
Q3 24
$158.3M
$476.4M
Q2 24
$157.5M
$446.1M
Debt / Equity
AVDL
AVDL
PI
PI
Q1 26
Q4 25
1.34×
Q3 25
1.44×
Q2 25
Q1 25
Q4 24
1.89×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AVDL
AVDL
PI
PI
Operating Cash FlowLast quarter
$22.2M
Free Cash FlowOCF − Capex
$22.2M
$2.2M
FCF MarginFCF / Revenue
28.7%
3.0%
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1110.25×
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AVDL
AVDL
PI
PI
Q1 26
Q4 25
$15.1M
Q3 25
$22.2M
$20.9M
Q2 25
$12.7M
$33.9M
Q1 25
$-8.2M
$-11.1M
Q4 24
$7.9M
$12.6M
Q3 24
$-6.9M
$10.1M
Q2 24
$-18.2M
$45.5M
Free Cash Flow
AVDL
AVDL
PI
PI
Q1 26
$2.2M
Q4 25
$13.6M
Q3 25
$22.2M
$18.0M
Q2 25
$27.3M
Q1 25
$-13.0M
Q4 24
$8.5M
Q3 24
$4.7M
Q2 24
$44.1M
FCF Margin
AVDL
AVDL
PI
PI
Q1 26
3.0%
Q4 25
14.7%
Q3 25
28.7%
18.7%
Q2 25
27.9%
Q1 25
-17.5%
Q4 24
9.3%
Q3 24
4.9%
Q2 24
43.0%
Capex Intensity
AVDL
AVDL
PI
PI
Q1 26
Q4 25
1.6%
Q3 25
0.0%
3.1%
Q2 25
6.7%
Q1 25
2.5%
Q4 24
4.5%
Q3 24
0.0%
5.7%
Q2 24
1.3%
Cash Conversion
AVDL
AVDL
PI
PI
Q1 26
Q4 25
Q3 25
1110.25×
Q2 25
1.31×
2.93×
Q1 25
Q4 24
Q3 24
45.56×
Q2 24
4.56×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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