TORVANTA
Other · S&P 500 · data as of 2026-10-05

PI stock analysis: PI

PI (PI) is an S&P 500 company in Other. It grades weakest on profitability and value.

The model's view of PI · subscribers

Where PI ranks among the 1,500 U.S. stocks the model scores each trading day, its expected return, the evidence for and against it, and whether the model portfolio holds it. The grades below describe the company's data; they are not the model's view.

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What's happening with PI · updated 2026-10-05 · from prices and SEC filings

PI price performance

PI against the S&P 500, one year
-50%-25%+0%+25%S&P 500 +18%PI +3%2025-09-292026-10-05
Year to date+6.4%S&P 500 +14.5% · behind by 8.1 pts
1 year0.0%S&P 500 +17.0% · behind by 17.0 pts
3 years+262.7%S&P 500 +89.3% · ahead by 173.4 pts
5 years+237.1%S&P 500 +91.3% · ahead by 145.8 pts

Total returns with dividends reinvested.

PI factor grades

Each grade compares PI with the rest of its sector (A+ best, F worst); the numbers behind it are shown with the typical figure for its peers.

D-ValueFCF yield 1.1% (industry 6.0%)
CGrowthRevenue growth +4% (industry +8%)
C-ProfitabilityOperating margin -1.8% (industry 9.6%)ROIC -1.2% (industry 10.1%)
B-Momentum12-month change 0%From 52-wk high -23%

PI in plain numbers

PI key statistics

SectorOther
Industryn/a
IndexS&P 500
Market value$5.7B
Revenue growth (y/y)+4%
Free-cash-flow yield1.1%
Dividend yieldn/a
Next earnings (expected)2026-10-28
Valuation measures
Market value$5.7B
Enterprise value$5.9B
Price / sales15.2x
Price / book24.4x
EV / revenue15.8x
EV / EBITDA663.2x
Financial highlights
Revenue, last 12 months$371.5M
Net income, last 12 months-$27.0M
EPS, last 12 months (GAAP)$-0.92
Gross margin52.9%
Operating margin-1.8%
Net margin-7.3%
Return on equity-12.9%
Return on invested capital-1.2%
Cash$38.6M
Total debt$241.9M
Debt / equity1.04x
Free cash flow, last 12 months$63.0M
Current ratio3.28x

Company figures from its latest SEC filings; market value and returns from end-of-day prices.

PI earnings trends

Revenue vs earnings
-$25.3M$8.1M$41.6M$75.0M$108.4MSep 2024 Revenue: $95.2MDec 2024 Revenue: $91.6MMar 2025 Revenue: $74.3MJun 2025 Revenue: $97.9MSep 2025 Revenue: $96.1MDec 2025 Revenue: $92.8MMar 2026 Revenue: $74.2MJun 2026 Revenue: $108.4MSep 2024 Net income: $221KDec 2024 Net income: -$2.7MMar 2025 Net income: -$8.5MJun 2025 Net income: $11.6MSep 2025 Net income: -$12.8MDec 2025 Net income: -$1.1MMar 2026 Net income: -$25.3MJun 2026 Net income: $12.2MSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Net margin: 0.2%Net margin: -2.9%Net margin: -11.4%Net margin: 11.8%Net margin: -13.3%Net margin: -1.2%Net margin: -34.0%Net margin: 11.3%-34%-11%12%■ Revenue ■ Net income ━ Net margin
Earnings per share$-0.8$-0.5$-0.2$0.1$0.4Sep 2024 EPS (GAAP, diluted): $0.0Dec 2024 EPS (GAAP, diluted): $-0.1Mar 2025 EPS (GAAP, diluted): $-0.3Jun 2025 EPS (GAAP, diluted): $0.4Sep 2025 EPS (GAAP, diluted): $-0.4Dec 2025 EPS (GAAP, diluted): $-0.0Mar 2026 EPS (GAAP, diluted): $-0.8Jun 2026 EPS (GAAP, diluted): $0.4Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026■ EPS (GAAP, diluted) Change from a year earlier: Sep 2025 -4500% · Jun 2026 0%

From the company's 10-Q and 10-K filings with the SEC.

PI financials (from SEC filings)

Fiscal yearFY2021FY2022FY2023FY2024FY2025
Revenue$190.3M$257.8M$307.5M$366.1M$361.1M
Net income-$51.3M-$24.3M-$43.4M$40.8M-$10.8M
EPS (GAAP)$-2.12$-0.96$-1.62$1.36$-0.39
Free cash flow-$9.8M-$11.4M-$68.0M$111.2M$45.9M

PI earnings history

ReportedEPS (GAAP)EPS y/yRevenue y/yStock vs S&P 500, 2 days
2026-07-29$0.390%+11%+10.8%
2026-04-29$-0.83n/a-0%+21.0%
2026-02-05$-0.04n/a+1%-24.4%
2026-01-13$-0.04n/a+1%-10.2%
2025-10-29$-0.44-4500%+1%-11.6%
2025-07-30$0.39+15%-4%+26.4%

About PI

HeadquartersSeattle, WA
Industry (SEC code)Electronic Components, Nec
Fiscal year endsDecember 31
Incorporated inDE
Listed onNasdaq
FormerlyIMPINJ INC

From the company's SEC registration record.

Companies similar to PI

CompanyMarket valueP/ERevenue growthOperating margin12-month change
PI PI$5.7Bn/a+4%-1.8%0%
CROX CROX$5.7B10.3x-2%20.7%+39%compare
MCY MCY$5.6B6.0x+10%n/a+19%compare
PEGA PEGA$5.7B19.5x+4%9.9%-37%compare
G G$5.6B9.9x+7%14.8%-17%
TTD TTD$5.6B14.4x+12%19.6%-77%
MGY MGY$5.7Bn/a+11%38.0%+4%

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Frequently asked questions

Is PI stock a buy?

Torvanta does not tell individuals what to buy. Its grades for PI are shown above. Subscribers see the model's rank, expected return and whether the model portfolio holds it. This is research, not a recommendation.

When does PI report earnings next?

Based on its filing history, Torvanta expects PI to report around 2026-10-28.

How has PI performed against the S&P 500?

Over the past year PI returned 0.0%, against +17.0% for the S&P 500, dividends reinvested.

See the model's view

Subscribers get the model's rank and expected return for every covered company, the reasoning behind each, and the Torvanta model portfolio's trades each trading day, sized and explained, at three risk levels.

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Torvanta is research only - not investment advice and not a recommendation to buy or sell any security. Grades describe a company's reported data against its sector; they are not the model's view, change as data changes and can be wrong. Financial figures come from the company's SEC filings; returns include reinvested dividends. Past performance does not predict future results.

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