PEN
$317.55-0.14%
as of close, Oct 2, 2026
☾ AH $317.55 -0.14%
PEN financial statements
The full income statement, balance sheet, and cash-flow statement for Penumbra Inc. (PEN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 38.8M2024-09 38.4M2024-12 38.5M2025-03 38.7M2025-06 39.0M2025-09 39.2M2025-12 39.2M2026-03 39.3M2026-06 39.4M+1.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.40B+17.5% | 1.19B+12.9% | 1.06B+25.0% | 847M+13.3% | 748M+33.4% | |
| 942M+24.8% | 755M+10.6% | 683M+27.5% | 535M+12.6% | 475M+40.6% | ||
| Cost of revenue | 461M+4.9% | 440M+17.0% | 376M+20.5% | 312M+14.6% | 272M+22.5% | |
| 753M+1.0% | 746M+22.4% | 609M+15.1% | 529M+9.6% | 483M+28.0% | ||
| Research & development | 89.8M-5.3% | 94.8M+12.3% | 84.4M+6.3% | 79.4M-24.1% | 105M+16.1% | |
| Selling, general & administrative | 663M+15.6% | 574M+13.3% | 506M+12.6% | 450M+18.9% | 378M+31.8% | |
| Restructuring | — | 4.97M | — | — | — | |
| Amortization of intangibles | 712K-86.9% | 5.45M-46.6% | 10.2M+11.2% | 9.18M+218.6% | 2.88M+170.0% | |
| Provision for credit losses | 368K-85.1% | 2.47M+7.0% | 2.31M+287.6% | -1.23M | 0.00-100.0% | |
| Operating income | 189M+1939.5% | 9.28M-87.4% | 73.6M+1109.3% | 6.08M+181.1% | -7.50M+80.7% | |
| Interest expense | 1.31M-7.5% | 1.42M-18.5% | 1.74M-0.6% | 1.75M-9.5% | 1.93M | |
| Interest & investment income | 16.3M+19.0% | 13.7M+100.6% | 6.83M+261.9% | 1.89M-34.3% | 2.87M | |
| Other non-operating income | 893K+230.9% | -682K-167.3% | 1.01M+143.5% | -2.33M+40.9% | -3.94M-1048.4% | |
| Pre-tax income | 205M+882.9% | 20.9M-73.8% | 79.7M+1946.5% | 3.89M+137.1% | -10.5M+72.4% | |
| Income tax | 27.4M+300.1% | 6.86M+160.7% | -11.3M-291.8% | 5.89M+144.9% | -13.1M+30.0% | |
| 178M+1168.1% | 14.0M-84.6% | 91.0M+4643.2% | -2.00M-137.9% | 5.28M+133.7% | ||
| Net income to non-controlling interest | — | — | 0.00 | 0.00+100.0% | -2.66M+25.1% | |
| $4.52+1155.6% | $0.36-84.5% | $2.32+4740.0% | -$0.05-135.7% | $0.14+131.8% | ||
| EPS (basic) | $4.57+1169.4% | $0.36-84.8% | $2.37+4840.0% | -$0.05-135.7% | $0.14+131.8% | |
| Weighted-avg shares (basic) | 38.9M+0.7% | 38.6M+0.6% | 38.4M+1.5% | 37.8M+2.9% | 36.8M+2.8% | |
| Weighted-avg shares (diluted) | 39.3M+0.1% | 39.3M+0.1% | 39.2M+3.6% | 37.8M-0.1% | 37.9M+5.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.22B+27.9% | 951M+3.9% | 915M+21.1% | 756M+10.9% | 681M+10.3% | ||
| Cash & equivalents | 187M-42.4% | 324M+93.7% | 167M+139.8% | 69.9M+17.6% | 59.4M-14.8% | |
| Accounts receivable | 190M+13.3% | 168M-16.9% | 202M-0.8% | 203M+51.8% | 134M+16.9% | |
| Inventory | 432M+6.1% | 407M+4.8% | 388M+16.2% | 334M+26.8% | 264M+20.0% | |
| Prepaid expenses | 50.3M+37.5% | 36.6M+0.5% | 36.4M+20.3% | 30.3M+3.9% | 29.2M+55.6% | |
| 1.83B+19.1% | 1.53B-1.5% | 1.56B+13.5% | 1.37B+10.2% | 1.24B+51.2% | ||
| Property, plant & equipment | 117M+87.5% | 62.6M-13.8% | 72.7M+11.8% | 65.0M+10.5% | 58.9M+22.2% | |
| Operating lease right-of-use | 174M-2.4% | 178M-5.8% | 189M-2.0% | 193M+46.0% | 132M+220.3% | |
| Goodwill | 167M+0.6% | 166M-0.3% | 166M+0.1% | 166M-0.2% | 166M+1887.4% | |
| Intangible assets | 6.19M-5.0% | 6.51M-90.8% | 71.1M-12.5% | 81.2M-10.4% | 90.6M+751.8% | |
| Deferred tax assets | 79.2M-21.1% | 100M+17.8% | 85.2M+32.6% | 64.2M-2.3% | 65.7M+31.0% | |
| Other non-current assets | 40.7M-0.5% | 40.9M+58.2% | 25.9M+102.3% | 12.8M-1.5% | 13.0M+49.2% | |
| 183M+15.7% | 158M+4.8% | 151M+4.3% | 145M+17.6% | 123M+16.3% | ||
| Accounts payable | 34.7M+10.9% | 31.3M+15.4% | 27.2M+1.8% | 26.7M+98.8% | 13.4M-4.9% | |
| Accrued liabilities | 132M+17.6% | 112M+1.7% | 111M+4.0% | 106M+6.5% | 99.8M+16.3% | |
| Deferred revenue | — | 940K-86.5% | 6.99M-23.7% | 9.16M | 0.00 | |
| Current lease liability | 13.8M+13.3% | 12.2M+9.1% | 11.2M+11.7% | 10.0M+21.4% | 8.27M+76.0% | |
| Finance lease liability (current) | 2.39M+1.0% | 2.37M+6.2% | 2.23M+16.2% | 1.92M+12.1% | 1.71M+28.7% | |
| 399M+4.4% | 382M+1.3% | 377M+1.4% | 372M+28.1% | 290M+56.8% | ||
| Non-current lease liability | 183M-2.3% | 187M-5.2% | 197M-0.9% | 199M+45.2% | 137M+210.2% | |
| Operating lease liability (total) | 197M-1.4% | 199M-4.4% | 208M-0.3% | 209M+43.8% | 145M+197.3% | |
| Finance lease liability (total) | 23.1M-4.1% | 24.1M-7.0% | 25.9M-3.3% | 26.8M-5.1% | 28.2M-0.6% | |
| Finance lease liability | 20.7M-4.7% | 21.7M-8.2% | 23.7M-4.8% | 24.9M-6.3% | 26.5M-2.0% | |
| Other non-current liabilities | 12.3M-18.5% | 15.1M+184.6% | 5.31M+62.0% | 3.28M-7.9% | 3.56M-55.6% | |
| 1.43B+24.0% | 1.15B-2.4% | 1.18B+18.0% | 999M+4.7% | 954M+48.7% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 39.0K+2.6% | 38.0K-2.6% | 39.0K+2.6% | 38.0K+2.7% | 37.0K+2.8% | |
| Additional paid-in capital | 1.19B+8.1% | 1.10B+4.7% | 1.05B+8.7% | 963M+5.8% | 911M+52.2% | |
| Retained earnings | 238M+296.1% | 60.0M-55.5% | 135M+207.2% | 43.9M-4.4% | 45.9M+13.0% | |
| Accumulated other comprehensive income | 4.35M+174.4% | -5.84M-85.4% | -3.15M+61.2% | -8.12M-208.9% | -2.63M-203.5% | |
| Non-controlling interest | — | — | — | — | 0.00+100.0% | |
| Total equity incl. non-controlling | — | — | 1.18B+18.0% | 999M+4.7% | 954M+49.6% | |
| Total liabilities & equity | 1.83B+19.1% | 1.53B-1.5% | 1.56B+13.5% | 1.37B+10.2% | 1.24B+51.2% | |
| Common shares issued | 39.2M+1.9% | 38.5M-0.5% | 38.7M+1.5% | 38.1M+1.4% | 37.6M+3.2% | |
| Common shares outstanding | 39.2M+1.9% | 38.5M-0.5% | 38.7M+1.5% | 38.1M+1.4% | 37.6M+3.2% | |
| Shares outstanding (cover) | 39.2M+1.9% | 38.5M-0.5% | 38.7M+1.4% | 38.2M+1.4% | 37.7M+3.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 239M+41.7% | 168M+73.1% | 97.3M+274.9% | -55.7M-685.8% | 9.50M+128.6% | ||
| Depreciation & amortization | 17.5M-26.3% | 23.7M-13.0% | 27.3M+12.1% | 24.3M+48.2% | 16.4M+27.3% | |
| Intangible amortization | 712K-86.9% | 5.45M-46.6% | 10.2M+11.2% | 9.18M+218.6% | 2.88M+170.0% | |
| Share-based compensation | 59.2M+28.3% | 46.2M-8.6% | 50.5M+35.1% | 37.4M-43.2% | 65.8M+157.5% | |
| Deferred income taxes | 21.0M+228.6% | -16.3M+35.0% | -25.1M-2450.2% | 1.07M+107.1% | -15.0M+24.2% | |
| Change in receivables | 19.5M+173.4% | -26.6M-10098.9% | 266K-99.6% | 69.9M+227.3% | 21.3M+157.3% | |
| Change in inventory | 26.5M-59.7% | 65.7M-3.0% | 67.7M-9.3% | 74.6M+44.8% | 51.6M-9.5% | |
| Change in payables | 3.07M-26.5% | 4.17M+280.3% | 1.10M-91.8% | 13.4M+955.3% | -1.56M-408.1% | |
| Other operating activities | 205K-95.0% | 4.12M+76.3% | 2.34M+83.5% | 1.27M-52.7% | 2.69M-40.4% | |
| -405M-621.2% | 77.6M+582.9% | -16.1M-129.3% | 54.8M+352.1% | -21.7M+79.1% | ||
| Capital expenditure | 63.7M+200.9% | 21.2M+39.2% | 15.2M-21.2% | 19.3M-8.9% | 21.2M-14.4% | |
| Free cash flow | 175M+18.8% | 147M+79.4% | 82.1M+209.6% | -75.0M-541.9% | -11.7M+79.9% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 13.0M-90.0% | 131M+58.2% | 82.6M+13.2% | 72.9M-40.1% | 122M+76.8% | |
| Other investing activities | 0.00+100.0% | -1.10M-320.0% | 500K | 0.00-100.0% | 400K-86.9% | |
| 26.5M+130.5% | -87.0M-637.0% | 16.2M+39.4% | 11.6M+1290.2% | 836K-99.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 0.00-100.0% | 100M | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other financing activities | -256K-319.7% | -61.0K+60.6% | -155K-13.1% | -137K+45.2% | -250K+88.7% | |
| FX effect on cash | 1.89M+186.6% | -2.18M-1398.2% | 168K+161.8% | -272K-124.6% | 1.11M+274.2% | |
| Net change in cash | -138M-187.6% | 157M+60.7% | 97.6M+831.7% | 10.5M+201.8% | -10.3M-231.0% | |
| Income taxes paid | 15.3M-25.8% | 20.7M+213.6% | 6.60M+126.1% | 2.92M+95.1% | 1.50M+5.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 12.2B+33.4% | 9.15B-5.8% | 9.71B+14.9% | 8.45B-21.9% | 10.8B+69.6% | |
| P/E | 68.7×-89.5% | 652.8×+173.1% | 239.0× | — | 2047.3× | |
| P/S | 8.7×+13.5% | 7.7×-21.5% | 9.8×-4.2% | 10.2×-29.6% | 14.5×+27.1% | |
| P/B | 8.5×+7.5% | 7.9×-9.6% | 8.8×+1.3% | 8.7×-23.5% | 11.3×+14.1% | |
| P/FCF | 69.7×+12.3% | 62.1×-69.8% | 205.3× | — | — | |
| Earnings yield | 1.5%+850.7% | 0.15%-63.4% | 0.42% | — | 0.05% | |
| FCF yield | 1.4%-11.0% | 1.6%+230.7% | 0.49% | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: PEN’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all PEN filings on SEC EDGAR → Not investment advice.