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Side-by-side financial comparison of Hippo Holdings Inc. (HIPO) and IMPINJ INC (PI). Click either name above to swap in a different company.

Hippo Holdings Inc. is the larger business by last-quarter revenue ($120.4M vs $74.3M, roughly 1.6× IMPINJ INC). IMPINJ INC runs the higher net margin — 11.2% vs 5.0%, a 6.2% gap on every dollar of revenue. On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -0.0%). Hippo Holdings Inc. produced more free cash flow last quarter ($9.1M vs $2.2M). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% CAGR vs -14.9%).

Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.

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 ...

HIPO vs PI — Head-to-Head

Bigger by revenue
HIPO
HIPO
1.6× larger
HIPO
$120.4M
$74.3M
PI
Growing faster (revenue YoY)
HIPO
HIPO
+18.2% gap
HIPO
18.2%
-0.0%
PI
Higher net margin
PI
PI
6.2% more per $
PI
11.2%
5.0%
HIPO
More free cash flow
HIPO
HIPO
$6.9M more FCF
HIPO
$9.1M
$2.2M
PI
Faster 2-yr revenue CAGR
HIPO
HIPO
Annualised
HIPO
18.9%
-14.9%
PI

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
HIPO
HIPO
PI
PI
Revenue
$120.4M
$74.3M
Net Profit
$6.0M
$8.3M
Gross Margin
49.1%
Operating Margin
5.6%
30.5%
Net Margin
5.0%
11.2%
Revenue YoY
18.2%
-0.0%
Net Profit YoY
-86.4%
EPS (diluted)
$0.31
$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
HIPO
HIPO
PI
PI
Q1 26
$74.3M
Q4 25
$120.4M
$92.8M
Q3 25
$120.6M
$96.1M
Q2 25
$117.3M
$97.9M
Q1 25
$110.3M
$74.3M
Q4 24
$101.9M
$91.6M
Q3 24
$95.5M
$95.2M
Q2 24
$89.6M
$102.5M
Net Profit
HIPO
HIPO
PI
PI
Q1 26
$8.3M
Q4 25
$6.0M
$-1.1M
Q3 25
$98.1M
$-12.8M
Q2 25
$1.3M
$11.6M
Q1 25
$-47.7M
$-8.5M
Q4 24
$44.2M
$-2.7M
Q3 24
$-8.5M
$221.0K
Q2 24
$-40.5M
$10.0M
Gross Margin
HIPO
HIPO
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
HIPO
HIPO
PI
PI
Q1 26
30.5%
Q4 25
5.6%
-2.9%
Q3 25
81.3%
0.7%
Q2 25
3.4%
11.1%
Q1 25
-41.3%
-12.9%
Q4 24
46.3%
-3.9%
Q3 24
-5.4%
-0.8%
Q2 24
-40.7%
8.8%
Net Margin
HIPO
HIPO
PI
PI
Q1 26
11.2%
Q4 25
5.0%
-1.2%
Q3 25
81.3%
-13.3%
Q2 25
1.1%
11.8%
Q1 25
-43.2%
-11.4%
Q4 24
43.4%
-2.9%
Q3 24
-8.9%
0.2%
Q2 24
-45.2%
9.7%
EPS (diluted)
HIPO
HIPO
PI
PI
Q1 26
$0.14
Q4 25
$0.31
$-0.02
Q3 25
$3.77
$-0.44
Q2 25
$0.05
$0.39
Q1 25
$-1.91
$-0.30
Q4 24
$1.81
$-0.06
Q3 24
$-0.34
$0.01
Q2 24
$-1.64
$0.34

Balance Sheet & Financial Strength

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

Metric
HIPO
HIPO
PI
PI
Cash + ST InvestmentsLiquidity on hand
$218.3M
$131.8M
Total DebtLower is stronger
$241.5M
Stockholders' EquityBook value
$436.1M
Total Assets
$1.9B
$502.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HIPO
HIPO
PI
PI
Q1 26
$131.8M
Q4 25
$218.3M
$175.3M
Q3 25
$247.7M
$190.1M
Q2 25
$198.9M
$193.2M
Q1 25
$140.9M
$147.9M
Q4 24
$197.6M
$164.7M
Q3 24
$191.2M
$170.3M
Q2 24
$175.9M
$220.2M
Total Debt
HIPO
HIPO
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
HIPO
HIPO
PI
PI
Q1 26
Q4 25
$436.1M
$209.2M
Q3 25
$421.5M
$195.0M
Q2 25
$332.5M
$187.7M
Q1 25
$322.8M
$160.6M
Q4 24
$362.1M
$149.9M
Q3 24
$326.4M
$136.1M
Q2 24
$322.6M
$117.0M
Total Assets
HIPO
HIPO
PI
PI
Q1 26
$502.5M
Q4 25
$1.9B
$545.2M
Q3 25
$1.9B
$516.5M
Q2 25
$1.7B
$508.8M
Q1 25
$1.5B
$479.8M
Q4 24
$1.5B
$489.1M
Q3 24
$1.5B
$476.4M
Q2 24
$1.5B
$446.1M
Debt / Equity
HIPO
HIPO
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
HIPO
HIPO
PI
PI
Operating Cash FlowLast quarter
$9.2M
Free Cash FlowOCF − Capex
$9.1M
$2.2M
FCF MarginFCF / Revenue
7.6%
3.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.53×
TTM Free Cash FlowTrailing 4 quarters
$14.8M
$61.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HIPO
HIPO
PI
PI
Q1 26
Q4 25
$9.2M
$15.1M
Q3 25
$16.9M
$20.9M
Q2 25
$24.7M
$33.9M
Q1 25
$-35.6M
$-11.1M
Q4 24
$47.5M
$12.6M
Q3 24
$46.8M
$10.1M
Q2 24
$-10.6M
$45.5M
Free Cash Flow
HIPO
HIPO
PI
PI
Q1 26
$2.2M
Q4 25
$9.1M
$13.6M
Q3 25
$16.8M
$18.0M
Q2 25
$24.6M
$27.3M
Q1 25
$-35.7M
$-13.0M
Q4 24
$47.2M
$8.5M
Q3 24
$4.7M
Q2 24
$-10.7M
$44.1M
FCF Margin
HIPO
HIPO
PI
PI
Q1 26
3.0%
Q4 25
7.6%
14.7%
Q3 25
13.9%
18.7%
Q2 25
21.0%
27.9%
Q1 25
-32.4%
-17.5%
Q4 24
46.3%
9.3%
Q3 24
4.9%
Q2 24
-11.9%
43.0%
Capex Intensity
HIPO
HIPO
PI
PI
Q1 26
Q4 25
0.1%
1.6%
Q3 25
0.1%
3.1%
Q2 25
0.1%
6.7%
Q1 25
0.1%
2.5%
Q4 24
0.3%
4.5%
Q3 24
0.0%
5.7%
Q2 24
0.1%
1.3%
Cash Conversion
HIPO
HIPO
PI
PI
Q1 26
Q4 25
1.53×
Q3 25
0.17×
Q2 25
19.00×
2.93×
Q1 25
Q4 24
1.07×
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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