Penumbra IncPENEarnings & Financial Report
Penumbra, Inc. is an American medical device company headquartered in Alameda, California. The company was founded by Arani Bose and Adam Elsesser in 2004. It manufactures devices for interventional therapies to treat vascular conditions such as stroke and aneurysm.
PEN Q4 2025 Key Financial Metrics
Revenue
$385.4M
Gross Profit
$262.1M
Operating Profit
$59.2M
Net Profit
$47.3M
Gross Margin
68.0%
Operating Margin
15.4%
Net Margin
12.3%
YoY Growth
22.1%
EPS
$1.20
Financial Flow
Penumbra Inc Q4 2025 Financial Summary
Penumbra Inc reported revenue of $385.4M (up 22.1% YoY) for Q4 2025, with a net profit of $47.3M (up 40.6% YoY) (12.3% margin). Cost of goods sold was $123.3M, operating expenses totaled $202.9M.
Key Financial Metrics
| Total Revenue | $385.4M |
|---|---|
| Net Profit | $47.3M |
| Gross Margin | 68.0% |
| Operating Margin | 15.4% |
| Report Period | Q4 2025 |
Penumbra Inc Annual Revenue by Year
Penumbra Inc annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.4B). Click any linked year to see what changed vs the prior annual report.
Penumbra Inc Quarterly Revenue & Net Profit History
Penumbra Inc results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $385.4M | +22.1% | $47.3M | 12.3% |
| Q3 2025 | $354.7M | +17.8% | $45.9M | 12.9% |
| Q2 2025 | $339.5M | +13.4% | $45.3M | 13.3% |
| Q1 2025 | $324.1M | +16.3% | $39.2M | 12.1% |
| Q4 2024 | $315.5M | +10.8% | $33.7M | 10.7% |
| Q3 2024 | $301.0M | +11.1% | $29.5M | 9.8% |
| Q2 2024 | $299.4M | +14.5% | $-60.2M | -20.1% |
| Q1 2024 | $278.7M | +15.4% | $11.0M | 3.9% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $278.7M | $299.4M | $301.0M | $315.5M | $324.1M | $339.5M | $354.7M | $385.4M |
| YoY Growth | 15.4% | 14.5% | 11.1% | 10.8% | 16.3% | 13.4% | 17.8% | 22.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.58B | $1.53B | $1.48B | $1.53B | $1.59B | $1.67B | $1.74B | $1.83B |
| Liabilities | $376.3M | $373.3M | $374.8M | $382.3M | $380.4M | $380.9M | $385.7M | $398.9M |
| Equity | $1.20B | $1.16B | $1.10B | $1.15B | $1.21B | $1.29B | $1.36B | $1.43B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $38.3M | $22.6M | $56.5M | $51.1M | $49.0M | $44.9M | $58.3M | $86.5M |