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

IMPINJ INC is the larger business by last-quarter revenue ($74.3M vs $70.1M, roughly 1.1× Veris Residential, Inc.). IMPINJ INC runs the higher net margin — 11.2% vs -20.0%, a 31.2% gap on every dollar of revenue. On growth, Veris Residential, Inc. posted the faster year-over-year revenue change (3.5% vs -0.0%). Over the past eight quarters, Veris Residential, Inc.'s revenue compounded faster (1.9% 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 ...

Veris Residential, Inc. is an American real estate investment trust headquartered in Jersey City, New Jersey, investing primarily in apartments in New Jersey and Boston.

PI vs VRE — Head-to-Head

Bigger by revenue
PI
PI
1.1× larger
PI
$74.3M
$70.1M
VRE
Growing faster (revenue YoY)
VRE
VRE
+3.5% gap
VRE
3.5%
-0.0%
PI
Higher net margin
PI
PI
31.2% more per $
PI
11.2%
-20.0%
VRE
Faster 2-yr revenue CAGR
VRE
VRE
Annualised
VRE
1.9%
-14.9%
PI

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
PI
PI
VRE
VRE
Revenue
$74.3M
$70.1M
Net Profit
$8.3M
$-14.0M
Gross Margin
49.1%
95.9%
Operating Margin
30.5%
-22.2%
Net Margin
11.2%
-20.0%
Revenue YoY
-0.0%
3.5%
Net Profit YoY
-30.9%
EPS (diluted)
$0.14
$-0.15

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
VRE
VRE
Q1 26
$74.3M
$70.1M
Q4 25
$92.8M
$71.3M
Q3 25
$96.1M
$73.4M
Q2 25
$97.9M
$75.9M
Q1 25
$74.3M
$67.8M
Q4 24
$91.6M
$68.1M
Q3 24
$95.2M
$68.2M
Q2 24
$102.5M
$67.5M
Net Profit
PI
PI
VRE
VRE
Q1 26
$8.3M
$-14.0M
Q4 25
$-1.1M
$-203.0K
Q3 25
$-12.8M
$75.2M
Q2 25
$11.6M
$10.9M
Q1 25
$-8.5M
$-10.7M
Q4 24
$-2.7M
$-12.4M
Q3 24
$221.0K
$-9.7M
Q2 24
$10.0M
$2.9M
Gross Margin
PI
PI
VRE
VRE
Q1 26
49.1%
95.9%
Q4 25
51.8%
97.2%
Q3 25
50.3%
96.8%
Q2 25
57.8%
97.2%
Q1 25
49.4%
95.9%
Q4 24
50.5%
97.1%
Q3 24
50.0%
96.9%
Q2 24
56.1%
97.3%
Operating Margin
PI
PI
VRE
VRE
Q1 26
30.5%
-22.2%
Q4 25
-2.9%
-0.9%
Q3 25
0.7%
Q2 25
11.1%
15.8%
Q1 25
-12.9%
-20.4%
Q4 24
-3.9%
-21.9%
Q3 24
-0.8%
-16.2%
Q2 24
8.8%
2.2%
Net Margin
PI
PI
VRE
VRE
Q1 26
11.2%
-20.0%
Q4 25
-1.2%
-0.3%
Q3 25
-13.3%
102.4%
Q2 25
11.8%
14.4%
Q1 25
-11.4%
-15.8%
Q4 24
-2.9%
-18.3%
Q3 24
0.2%
-14.2%
Q2 24
9.7%
4.3%
EPS (diluted)
PI
PI
VRE
VRE
Q1 26
$0.14
$-0.15
Q4 25
$-0.02
$0.00
Q3 25
$-0.44
$0.80
Q2 25
$0.39
$0.12
Q1 25
$-0.30
$-0.12
Q4 24
$-0.06
$-0.14
Q3 24
$0.01
$-0.10
Q2 24
$0.34
$0.03

Balance Sheet & Financial Strength

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

Metric
PI
PI
VRE
VRE
Cash + ST InvestmentsLiquidity on hand
$131.8M
$9.4M
Total DebtLower is stronger
$241.5M
Stockholders' EquityBook value
$1.1B
Total Assets
$502.5M
$2.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PI
PI
VRE
VRE
Q1 26
$131.8M
$9.4M
Q4 25
$175.3M
$14.1M
Q3 25
$190.1M
$8.8M
Q2 25
$193.2M
$11.4M
Q1 25
$147.9M
$7.6M
Q4 24
$164.7M
$7.3M
Q3 24
$170.3M
$12.8M
Q2 24
$220.2M
$18.4M
Total Debt
PI
PI
VRE
VRE
Q1 26
$241.5M
Q4 25
$280.9M
$1.4B
Q3 25
$280.4M
Q2 25
Q1 25
Q4 24
$283.5M
$1.7B
Q3 24
Q2 24
Stockholders' Equity
PI
PI
VRE
VRE
Q1 26
$1.1B
Q4 25
$209.2M
$1.2B
Q3 25
$195.0M
$1.2B
Q2 25
$187.7M
$1.1B
Q1 25
$160.6M
$1.1B
Q4 24
$149.9M
$1.1B
Q3 24
$136.1M
$1.1B
Q2 24
$117.0M
$1.1B
Total Assets
PI
PI
VRE
VRE
Q1 26
$502.5M
$2.7B
Q4 25
$545.2M
$2.7B
Q3 25
$516.5M
$2.8B
Q2 25
$508.8M
$3.1B
Q1 25
$479.8M
$3.0B
Q4 24
$489.1M
$3.0B
Q3 24
$476.4M
$3.0B
Q2 24
$446.1M
$3.0B
Debt / Equity
PI
PI
VRE
VRE
Q1 26
Q4 25
1.34×
1.18×
Q3 25
1.44×
Q2 25
Q1 25
Q4 24
1.89×
1.52×
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
VRE
VRE
Operating Cash FlowLast quarter
$14.0M
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
VRE
VRE
Q1 26
$14.0M
Q4 25
$15.1M
$76.0M
Q3 25
$20.9M
$13.5M
Q2 25
$33.9M
$23.8M
Q1 25
$-11.1M
$13.2M
Q4 24
$12.6M
$52.3M
Q3 24
$10.1M
$13.9M
Q2 24
$45.5M
$10.8M
Free Cash Flow
PI
PI
VRE
VRE
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
VRE
VRE
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
VRE
VRE
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
VRE
VRE
Q1 26
Q4 25
Q3 25
0.18×
Q2 25
2.93×
2.18×
Q1 25
Q4 24
Q3 24
45.56×
Q2 24
4.56×
3.71×

Financial Flow Comparison

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

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