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Side-by-side financial comparison of IMPINJ INC (PI) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

IMPINJ INC is the larger business by last-quarter revenue ($74.3M vs $71.1M, roughly 1.0× RE/MAX Holdings, Inc.). IMPINJ INC runs the higher net margin — 11.2% vs 2.0%, a 9.2% gap on every dollar of revenue. On growth, IMPINJ INC posted the faster year-over-year revenue change (-0.0% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $2.2M). Over the past eight quarters, RE/MAX Holdings, Inc.'s revenue compounded faster (-4.7% CAGR vs -14.9%).

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 ...

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

PI vs RMAX — Head-to-Head

Bigger by revenue
PI
PI
1.0× larger
PI
$74.3M
$71.1M
RMAX
Growing faster (revenue YoY)
PI
PI
+1.8% gap
PI
-0.0%
-1.8%
RMAX
Higher net margin
PI
PI
9.2% more per $
PI
11.2%
2.0%
RMAX
More free cash flow
RMAX
RMAX
$31.3M more FCF
RMAX
$33.5M
$2.2M
PI
Faster 2-yr revenue CAGR
RMAX
RMAX
Annualised
RMAX
-4.7%
-14.9%
PI

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
PI
PI
RMAX
RMAX
Revenue
$74.3M
$71.1M
Net Profit
$8.3M
$1.4M
Gross Margin
49.1%
Operating Margin
30.5%
13.1%
Net Margin
11.2%
2.0%
Revenue YoY
-0.0%
-1.8%
Net Profit YoY
-75.2%
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
RMAX
RMAX
Q1 26
$74.3M
Q4 25
$92.8M
$71.1M
Q3 25
$96.1M
$73.2M
Q2 25
$97.9M
$72.8M
Q1 25
$74.3M
$74.5M
Q4 24
$91.6M
$72.5M
Q3 24
$95.2M
$78.5M
Q2 24
$102.5M
$78.5M
Net Profit
PI
PI
RMAX
RMAX
Q1 26
$8.3M
Q4 25
$-1.1M
$1.4M
Q3 25
$-12.8M
$4.0M
Q2 25
$11.6M
$4.7M
Q1 25
$-8.5M
$-2.0M
Q4 24
$-2.7M
$5.8M
Q3 24
$221.0K
$966.0K
Q2 24
$10.0M
$3.7M
Gross Margin
PI
PI
RMAX
RMAX
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
RMAX
RMAX
Q1 26
30.5%
Q4 25
-2.9%
13.1%
Q3 25
0.7%
25.0%
Q2 25
11.1%
19.3%
Q1 25
-12.9%
7.2%
Q4 24
-3.9%
5.9%
Q3 24
-0.8%
19.4%
Q2 24
8.8%
20.6%
Net Margin
PI
PI
RMAX
RMAX
Q1 26
11.2%
Q4 25
-1.2%
2.0%
Q3 25
-13.3%
5.4%
Q2 25
11.8%
6.4%
Q1 25
-11.4%
-2.6%
Q4 24
-2.9%
8.0%
Q3 24
0.2%
1.2%
Q2 24
9.7%
4.7%
EPS (diluted)
PI
PI
RMAX
RMAX
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
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$131.8M
$118.7M
Total DebtLower is stronger
$241.5M
$432.2M
Stockholders' EquityBook value
$452.4M
Total Assets
$502.5M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PI
PI
RMAX
RMAX
Q1 26
$131.8M
Q4 25
$175.3M
$118.7M
Q3 25
$190.1M
$107.5M
Q2 25
$193.2M
$94.3M
Q1 25
$147.9M
$89.1M
Q4 24
$164.7M
$96.6M
Q3 24
$170.3M
$83.8M
Q2 24
$220.2M
$66.1M
Total Debt
PI
PI
RMAX
RMAX
Q1 26
$241.5M
Q4 25
$280.9M
$432.2M
Q3 25
$280.4M
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$283.5M
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Stockholders' Equity
PI
PI
RMAX
RMAX
Q1 26
Q4 25
$209.2M
$452.4M
Q3 25
$195.0M
$448.1M
Q2 25
$187.7M
$442.4M
Q1 25
$160.6M
$433.5M
Q4 24
$149.9M
$429.5M
Q3 24
$136.1M
$423.1M
Q2 24
$117.0M
$418.4M
Total Assets
PI
PI
RMAX
RMAX
Q1 26
$502.5M
Q4 25
$545.2M
$582.5M
Q3 25
$516.5M
$582.2M
Q2 25
$508.8M
$574.8M
Q1 25
$479.8M
$571.4M
Q4 24
$489.1M
$581.6M
Q3 24
$476.4M
$578.6M
Q2 24
$446.1M
$571.4M
Debt / Equity
PI
PI
RMAX
RMAX
Q1 26
Q4 25
1.34×
0.96×
Q3 25
1.44×
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.89×
1.02×
Q3 24
1.03×
Q2 24
1.05×

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
RMAX
RMAX
Operating Cash FlowLast quarter
$40.9M
Free Cash FlowOCF − Capex
$2.2M
$33.5M
FCF MarginFCF / Revenue
3.0%
47.1%
Capex IntensityCapex / Revenue
10.4%
Cash ConversionOCF / Net Profit
28.39×
TTM Free Cash FlowTrailing 4 quarters
$61.1M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PI
PI
RMAX
RMAX
Q1 26
Q4 25
$15.1M
$40.9M
Q3 25
$20.9M
$17.7M
Q2 25
$33.9M
$4.6M
Q1 25
$-11.1M
$5.7M
Q4 24
$12.6M
$59.7M
Q3 24
$10.1M
$17.6M
Q2 24
$45.5M
$15.9M
Free Cash Flow
PI
PI
RMAX
RMAX
Q1 26
$2.2M
Q4 25
$13.6M
$33.5M
Q3 25
$18.0M
$16.4M
Q2 25
$27.3M
$2.9M
Q1 25
$-13.0M
$4.0M
Q4 24
$8.5M
$53.0M
Q3 24
$4.7M
$16.3M
Q2 24
$44.1M
$14.0M
FCF Margin
PI
PI
RMAX
RMAX
Q1 26
3.0%
Q4 25
14.7%
47.1%
Q3 25
18.7%
22.4%
Q2 25
27.9%
4.0%
Q1 25
-17.5%
5.3%
Q4 24
9.3%
73.2%
Q3 24
4.9%
20.8%
Q2 24
43.0%
17.8%
Capex Intensity
PI
PI
RMAX
RMAX
Q1 26
Q4 25
1.6%
10.4%
Q3 25
3.1%
1.8%
Q2 25
6.7%
2.2%
Q1 25
2.5%
2.3%
Q4 24
4.5%
9.1%
Q3 24
5.7%
1.7%
Q2 24
1.3%
2.4%
Cash Conversion
PI
PI
RMAX
RMAX
Q1 26
Q4 25
28.39×
Q3 25
4.45×
Q2 25
2.93×
0.97×
Q1 25
Q4 24
10.28×
Q3 24
45.56×
18.22×
Q2 24
4.56×
4.29×

Financial Flow Comparison

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

Revenue Breakdown by Segment

PI
PI

Segment breakdown not available.

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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