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

IMPINJ INC is the larger business by last-quarter revenue ($74.3M vs $43.2M, roughly 1.7× ATRenew Inc.). ATRenew Inc. runs the higher net margin — 16.9% vs 11.2%, a 5.7% gap on every dollar of revenue.

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 ...

ATRenew Inc. operates a leading pre-owned consumer electronics transaction and servicing ecosystem primarily in China. Its core services include end-to-end device recycling, professional quality inspection, certified refurbishment, and resale of smartphones, laptops, tablets and other digital products, serving both individual consumers and enterprise clients across domestic and select Southeast Asian markets.

PI vs RERE — Head-to-Head

Bigger by revenue
PI
PI
1.7× larger
PI
$74.3M
$43.2M
RERE
Higher net margin
RERE
RERE
5.7% more per $
RERE
16.9%
11.2%
PI

Income Statement — Q1 FY2026 vs Q1 FY2023

Metric
PI
PI
RERE
RERE
Revenue
$74.3M
$43.2M
Net Profit
$8.3M
$7.3M
Gross Margin
49.1%
Operating Margin
30.5%
Net Margin
11.2%
16.9%
Revenue YoY
-0.0%
Net Profit YoY
EPS (diluted)
$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
PI
PI
RERE
RERE
Q1 26
$74.3M
Q4 25
$92.8M
Q3 25
$96.1M
Q2 25
$97.9M
Q1 25
$74.3M
Q4 24
$91.6M
Q3 24
$95.2M
Q2 24
$102.5M
Net Profit
PI
PI
RERE
RERE
Q1 26
$8.3M
Q4 25
$-1.1M
Q3 25
$-12.8M
Q2 25
$11.6M
Q1 25
$-8.5M
Q4 24
$-2.7M
Q3 24
$221.0K
Q2 24
$10.0M
Gross Margin
PI
PI
RERE
RERE
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
PI
PI
RERE
RERE
Q1 26
30.5%
Q4 25
-2.9%
Q3 25
0.7%
Q2 25
11.1%
Q1 25
-12.9%
Q4 24
-3.9%
Q3 24
-0.8%
Q2 24
8.8%
Net Margin
PI
PI
RERE
RERE
Q1 26
11.2%
Q4 25
-1.2%
Q3 25
-13.3%
Q2 25
11.8%
Q1 25
-11.4%
Q4 24
-2.9%
Q3 24
0.2%
Q2 24
9.7%
EPS (diluted)
PI
PI
RERE
RERE
Q1 26
$0.14
Q4 25
$-0.02
Q3 25
$-0.44
Q2 25
$0.39
Q1 25
$-0.30
Q4 24
$-0.06
Q3 24
$0.01
Q2 24
$0.34

Balance Sheet & Financial Strength

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

Metric
PI
PI
RERE
RERE
Cash + ST InvestmentsLiquidity on hand
$131.8M
$228.0M
Total DebtLower is stronger
$241.5M
Stockholders' EquityBook value
$557.1M
Total Assets
$502.5M
$722.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PI
PI
RERE
RERE
Q1 26
$131.8M
Q4 25
$175.3M
Q3 25
$190.1M
Q2 25
$193.2M
Q1 25
$147.9M
Q4 24
$164.7M
Q3 24
$170.3M
Q2 24
$220.2M
Total Debt
PI
PI
RERE
RERE
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
PI
PI
RERE
RERE
Q1 26
Q4 25
$209.2M
Q3 25
$195.0M
Q2 25
$187.7M
Q1 25
$160.6M
Q4 24
$149.9M
Q3 24
$136.1M
Q2 24
$117.0M
Total Assets
PI
PI
RERE
RERE
Q1 26
$502.5M
Q4 25
$545.2M
Q3 25
$516.5M
Q2 25
$508.8M
Q1 25
$479.8M
Q4 24
$489.1M
Q3 24
$476.4M
Q2 24
$446.1M
Debt / Equity
PI
PI
RERE
RERE
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
PI
PI
RERE
RERE
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
PI
PI
RERE
RERE
Q1 26
Q4 25
$15.1M
Q3 25
$20.9M
Q2 25
$33.9M
Q1 25
$-11.1M
Q4 24
$12.6M
Q3 24
$10.1M
Q2 24
$45.5M
Free Cash Flow
PI
PI
RERE
RERE
Q1 26
$2.2M
Q4 25
$13.6M
Q3 25
$18.0M
Q2 25
$27.3M
Q1 25
$-13.0M
Q4 24
$8.5M
Q3 24
$4.7M
Q2 24
$44.1M
FCF Margin
PI
PI
RERE
RERE
Q1 26
3.0%
Q4 25
14.7%
Q3 25
18.7%
Q2 25
27.9%
Q1 25
-17.5%
Q4 24
9.3%
Q3 24
4.9%
Q2 24
43.0%
Capex Intensity
PI
PI
RERE
RERE
Q1 26
Q4 25
1.6%
Q3 25
3.1%
Q2 25
6.7%
Q1 25
2.5%
Q4 24
4.5%
Q3 24
5.7%
Q2 24
1.3%
Cash Conversion
PI
PI
RERE
RERE
Q1 26
Q4 25
Q3 25
Q2 25
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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