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PEN
Penumbra Inc.Stock · Health Care
$326.94+$0.36 (+0.11%)as of market close, Aug 13, 2026
☾ After hours:$326.75+0.00%3:59 PM ET
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How Penumbra makes money

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How does Penumbra make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Penumbra Inc. · FY2025 · year ended 2025-12-31
Revenue$1.4BGross profit$942M · 67%Cost of revenue$461M · 33%Operating income$189M · 13%Operating expenses$753M · 54%R&D$90M · 6%SG&A$663M · 47%Pre-tax income$205M · 15%Other income$16M · 1%Net income$178M · 13%Income tax$27M · 2%Thrombectomy$948M · 68%Embolization$456M · 32%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.