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Side-by-side financial comparison of Primis Financial Corp. (FRST) and IMPINJ INC (PI). Click either name above to swap in a different company.

IMPINJ INC is the larger business by last-quarter revenue ($74.3M vs $45.6M, roughly 1.6× Primis Financial Corp.). Primis Financial Corp. runs the higher net margin — 16.0% vs 11.2%, a 4.8% gap on every dollar of revenue. Over the past eight quarters, Primis Financial Corp.'s revenue compounded faster (13.0% CAGR vs -14.9%).

Primis Financial Corp is a U.S.-based financial holding company operating full-service banking subsidiaries. It provides a comprehensive range of financial solutions including personal and commercial deposit products, diverse loan facilities, mortgage services, and wealth management support, primarily serving retail and corporate customers across the U.S. mid-Atlantic region.

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 ...

FRST vs PI — Head-to-Head

Bigger by revenue
PI
PI
1.6× larger
PI
$74.3M
$45.6M
FRST
Higher net margin
FRST
FRST
4.8% more per $
FRST
16.0%
11.2%
PI
Faster 2-yr revenue CAGR
FRST
FRST
Annualised
FRST
13.0%
-14.9%
PI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
FRST
FRST
PI
PI
Revenue
$45.6M
$74.3M
Net Profit
$7.3M
$8.3M
Gross Margin
49.1%
Operating Margin
30.5%
Net Margin
16.0%
11.2%
Revenue YoY
-0.0%
Net Profit YoY
200.0%
EPS (diluted)
$0.30
$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
FRST
FRST
PI
PI
Q1 26
$45.6M
$74.3M
Q4 25
$80.9M
$92.8M
Q3 25
$41.0M
$96.1M
Q2 25
$43.2M
$97.9M
Q1 25
$58.7M
$74.3M
Q4 24
$38.8M
$91.6M
Q3 24
$37.3M
$95.2M
Q2 24
$35.7M
$102.5M
Net Profit
FRST
FRST
PI
PI
Q1 26
$7.3M
$8.3M
Q4 25
$29.5M
$-1.1M
Q3 25
$6.8M
$-12.8M
Q2 25
$2.4M
$11.6M
Q1 25
$22.6M
$-8.5M
Q4 24
$-26.2M
$-2.7M
Q3 24
$1.2M
$221.0K
Q2 24
$3.4M
$10.0M
Gross Margin
FRST
FRST
PI
PI
Q1 26
49.1%
Q4 25
51.8%
Q3 25
50.3%
Q2 25
57.8%
Q1 25
49.4%
Q4 24
50.5%
Q3 24
50.0%
Q2 24
56.1%
Operating Margin
FRST
FRST
PI
PI
Q1 26
30.5%
Q4 25
44.8%
-2.9%
Q3 25
21.3%
0.7%
Q2 25
6.9%
11.1%
Q1 25
41.9%
-12.9%
Q4 24
-123.0%
-3.9%
Q3 24
-3.1%
-0.8%
Q2 24
7.8%
8.8%
Net Margin
FRST
FRST
PI
PI
Q1 26
16.0%
11.2%
Q4 25
36.5%
-1.2%
Q3 25
16.7%
-13.3%
Q2 25
5.6%
11.8%
Q1 25
38.6%
-11.4%
Q4 24
-100.3%
-2.9%
Q3 24
3.3%
0.2%
Q2 24
9.6%
9.7%
EPS (diluted)
FRST
FRST
PI
PI
Q1 26
$0.30
$0.14
Q4 25
$1.19
$-0.02
Q3 25
$0.28
$-0.44
Q2 25
$0.10
$0.39
Q1 25
$0.92
$-0.30
Q4 24
$-0.95
$-0.06
Q3 24
$0.05
$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
FRST
FRST
PI
PI
Cash + ST InvestmentsLiquidity on hand
$159.9M
$131.8M
Total DebtLower is stronger
$241.5M
Stockholders' EquityBook value
$427.2M
Total Assets
$4.3B
$502.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FRST
FRST
PI
PI
Q1 26
$159.9M
$131.8M
Q4 25
$143.6M
$175.3M
Q3 25
$63.9M
$190.1M
Q2 25
$94.1M
$193.2M
Q1 25
$57.0M
$147.9M
Q4 24
$64.5M
$164.7M
Q3 24
$77.3M
$170.3M
Q2 24
$66.6M
$220.2M
Total Debt
FRST
FRST
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
FRST
FRST
PI
PI
Q1 26
$427.2M
Q4 25
$422.9M
$209.2M
Q3 25
$382.2M
$195.0M
Q2 25
$376.4M
$187.7M
Q1 25
$375.6M
$160.6M
Q4 24
$351.8M
$149.9M
Q3 24
$381.0M
$136.1M
Q2 24
$376.0M
$117.0M
Total Assets
FRST
FRST
PI
PI
Q1 26
$4.3B
$502.5M
Q4 25
$4.0B
$545.2M
Q3 25
$4.0B
$516.5M
Q2 25
$3.9B
$508.8M
Q1 25
$3.7B
$479.8M
Q4 24
$3.7B
$489.1M
Q3 24
$4.0B
$476.4M
Q2 24
$4.0B
$446.1M
Debt / Equity
FRST
FRST
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
FRST
FRST
PI
PI
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$2.2M
FCF MarginFCF / Revenue
3.0%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FRST
FRST
PI
PI
Q1 26
Q4 25
$10.8M
$15.1M
Q3 25
$-11.4M
$20.9M
Q2 25
$-41.0M
$33.9M
Q1 25
$34.4M
$-11.1M
Q4 24
$19.5M
$12.6M
Q3 24
$6.1M
$10.1M
Q2 24
$52.3M
$45.5M
Free Cash Flow
FRST
FRST
PI
PI
Q1 26
$2.2M
Q4 25
$9.0M
$13.6M
Q3 25
$18.0M
Q2 25
$27.3M
Q1 25
$-13.0M
Q4 24
$18.3M
$8.5M
Q3 24
$4.7M
Q2 24
$44.1M
FCF Margin
FRST
FRST
PI
PI
Q1 26
3.0%
Q4 25
11.2%
14.7%
Q3 25
18.7%
Q2 25
27.9%
Q1 25
-17.5%
Q4 24
47.3%
9.3%
Q3 24
4.9%
Q2 24
43.0%
Capex Intensity
FRST
FRST
PI
PI
Q1 26
Q4 25
2.1%
1.6%
Q3 25
3.1%
Q2 25
6.7%
Q1 25
2.5%
Q4 24
3.1%
4.5%
Q3 24
0.0%
5.7%
Q2 24
0.0%
1.3%
Cash Conversion
FRST
FRST
PI
PI
Q1 26
Q4 25
0.36×
Q3 25
-1.67×
Q2 25
-16.82×
2.93×
Q1 25
1.52×
Q4 24
Q3 24
4.93×
45.56×
Q2 24
15.21×
4.56×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FRST
FRST

Net Interest Income$32.1M70%
Noninterest Income$13.6M30%

PI
PI

Segment breakdown not available.

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