Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue | 354,685,000 | 339,455,000 | 324,140,000 | 315,518,000 | 301,039,000 | 299,403,000 | 278,655,000 | 284,679,000 | 270,946,000 | 261,499,000 | 241,398,000 | 221,216,000 | 213,678,000 | 208,344,000 | 203,895,000 | 204,011,000 | 190,117,000 | 184,258,000 | 169,204,000 | 166,898,000 | 151,076,000 | 105,109,000 | 137,329,000 | 145,263,000 | 139,502,000 | 134,201,000 | 128,439,000 | 120,793,000 | 111,806,000 | 109,638,000 | 102,701,000 | 96,051,000 | 83,911,000 | 80,589,000 | 73,213,000 | 73,105,000 | 67,187,000 | 65,106,000 | 57,919,000 | 54,416,000 | 50,416,000 |
yoy | 17.82% | 13.38% | 16.32% | 10.83% | 11.11% | 14.49% | 15.43% | 28.69% | 26.80% | 25.51% | 18.39% | 8.43% | 12.39% | 13.07% | 20.50% | 22.24% | 25.84% | 75.30% | 23.21% | 14.89% | 8.30% | -21.68% | 6.92% | 20.26% | 24.77% | 22.40% | 25.06% | 25.76% | 33.24% | 36.05% | 40.28% | 31.39% | 24.89% | 23.78% | 26.41% | 34.34% | 33.27% | ||||
qoq | 4.49% | 4.72% | 2.73% | 4.81% | 0.55% | 7.45% | -2.12% | 5.07% | 3.61% | 8.33% | 9.12% | 3.53% | 2.56% | 2.18% | -0.06% | 7.31% | 3.18% | 8.90% | 1.38% | 10.47% | 43.73% | -23.46% | -5.46% | 4.13% | 3.95% | 4.49% | 6.33% | 8.04% | 1.98% | 6.75% | 6.92% | 14.47% | 4.12% | 10.07% | 0.15% | 8.81% | 3.20% | 12.41% | 6.44% | 7.93% | |
cost of revenue | 114,269,000 | 115,445,000 | 108,257,000 | 104,797,000 | 100,733,000 | 136,574,000 | 97,516,000 | 97,687,000 | 93,228,000 | 94,638,000 | 90,326,000 | 82,789,000 | 78,351,000 | 74,309,000 | 76,477,000 | 78,564,000 | 70,205,000 | 65,572,000 | 57,867,000 | 72,585,000 | 60,153,000 | 40,179,000 | 49,320,000 | 47,135,000 | 43,504,000 | 40,273,000 | 44,529,000 | 42,081,000 | 36,794,000 | 37,386,000 | 36,144,000 | 32,324,000 | 29,134,000 | 29,660,000 | 25,504,000 | 26,525,000 | 24,313,000 | 23,636,000 | 18,014,000 | 17,958,000 | 16,919,000 |
gross profit | 240,416,000 | 224,010,000 | 215,883,000 | 210,721,000 | 200,306,000 | 162,829,000 | 181,139,000 | 186,992,000 | 177,718,000 | 166,861,000 | 151,072,000 | 138,427,000 | 135,327,000 | 134,035,000 | 127,418,000 | 125,447,000 | 119,912,000 | 118,686,000 | 111,337,000 | 94,313,000 | 90,923,000 | 64,930,000 | 88,009,000 | 98,128,000 | 95,998,000 | 93,928,000 | 83,910,000 | 78,712,000 | 75,012,000 | 72,252,000 | 66,557,000 | 63,727,000 | 54,777,000 | 50,929,000 | 47,709,000 | 46,580,000 | 42,874,000 | 41,470,000 | 39,905,000 | 36,458,000 | 33,497,000 |
yoy | 20.02% | 37.57% | 19.18% | 12.69% | 12.71% | -2.42% | 19.90% | 35.08% | 31.32% | 24.49% | 18.56% | 10.35% | 12.86% | 12.93% | 14.44% | 33.01% | 31.88% | 82.79% | 26.51% | -3.89% | -5.29% | -30.87% | 4.88% | 24.67% | 27.98% | 30.00% | 26.07% | 23.51% | 36.94% | 41.87% | 39.51% | 36.81% | 27.76% | 22.81% | 19.56% | 27.76% | 27.99% | ||||
qoq | 7.32% | 3.76% | 2.45% | 5.20% | 23.02% | -10.11% | -3.13% | 5.22% | 6.51% | 10.45% | 9.13% | 2.29% | 0.96% | 5.19% | 1.57% | 4.62% | 1.03% | 6.60% | 18.05% | 3.73% | 40.03% | -26.22% | -10.31% | 2.22% | 2.20% | 11.94% | 6.60% | 4.93% | 3.82% | 8.56% | 4.44% | 16.34% | 7.56% | 6.75% | 2.42% | 8.64% | 3.39% | 3.92% | 9.45% | 8.84% | |
gross margin % | 67.78% | 65.99% | 66.60% | 66.79% | 66.54% | 54.38% | 65.00% | 65.69% | 65.59% | 63.81% | 62.58% | 62.58% | 63.33% | 64.33% | 62.49% | 61.49% | 63.07% | 64.41% | 65.80% | 56.51% | 60.18% | 61.77% | 64.09% | 67.55% | 68.81% | 69.99% | 65.33% | 65.16% | 67.09% | 65.90% | 64.81% | 66.35% | 65.28% | 63.20% | 65.16% | 63.72% | 63.81% | 63.70% | 68.90% | 67.00% | 66.44% |
operating expenses: | |||||||||||||||||||||||||||||||||||||||||
research and development | 22,677,000 | 23,218,000 | 22,077,000 | 20,010,000 | 25,205,000 | 24,942,000 | 24,626,000 | 21,942,000 | 20,958,000 | 21,537,000 | 19,986,000 | 17,964,000 | 21,320,000 | 19,559,000 | 20,564,000 | 52,004,000 | 16,734,000 | 17,738,000 | 18,076,000 | 19,455,000 | 34,923,000 | 22,725,000 | 12,946,000 | 12,861,000 | 13,733,000 | 13,462,000 | 11,667,000 | 10,867,000 | 9,092,000 | 8,193,000 | 8,013,000 | 8,401,000 | 8,132,000 | 8,094,000 | 7,034,000 | 6,113,000 | 6,497,000 | 6,264,000 | 5,001,000 | 5,484,000 | 4,560,000 |
sales, general and administrative | 168,901,000 | 159,964,000 | 153,456,000 | 147,936,000 | 139,737,000 | 141,903,000 | 144,412,000 | 130,021,000 | 125,920,000 | 127,435,000 | 123,078,000 | 115,630,000 | 108,573,000 | 114,615,000 | 110,900,000 | 113,500,000 | 94,397,000 | 90,636,000 | 79,798,000 | 76,603,000 | 76,158,000 | 59,854,000 | 74,453,000 | 74,688,000 | 69,289,000 | 67,665,000 | 61,091,000 | 61,176,000 | 55,934,000 | 54,776,000 | 54,499,000 | 51,470,000 | 45,962,000 | 44,163,000 | 42,721,000 | 41,619,000 | 37,740,000 | 35,876,000 | 33,069,000 | 29,154,000 | 26,755,000 |
impairment charge | 76,945,000 | ||||||||||||||||||||||||||||||||||||||||
total operating expenses | 191,578,000 | 183,182,000 | 175,533,000 | 167,946,000 | 164,942,000 | 243,790,000 | 169,038,000 | 151,963,000 | 165,093,000 | 148,972,000 | 143,064,000 | 133,594,000 | 129,893,000 | 134,174,000 | 131,464,000 | 165,504,000 | 111,131,000 | 108,374,000 | 97,874,000 | 96,058,000 | 111,081,000 | 82,579,000 | 87,399,000 | 87,549,000 | 83,022,000 | 81,127,000 | 72,758,000 | 72,043,000 | 95,861,000 | 62,969,000 | 62,512,000 | 59,871,000 | 54,094,000 | 52,257,000 | 49,755,000 | 47,732,000 | 44,237,000 | 42,140,000 | 38,070,000 | 34,638,000 | 31,315,000 |
income from operations | 48,838,000 | 40,828,000 | 40,350,000 | 42,775,000 | 35,364,000 | -80,961,000 | 12,101,000 | 35,029,000 | 12,625,000 | 17,889,000 | 8,008,000 | 4,833,000 | 5,434,000 | -139,000 | -4,046,000 | -40,057,000 | 8,781,000 | 10,312,000 | 13,463,000 | -1,745,000 | -20,158,000 | -17,649,000 | 610,000 | 10,579,000 | 12,976,000 | 12,801,000 | 11,152,000 | 6,669,000 | -20,849,000 | 9,283,000 | 4,045,000 | 3,856,000 | 683,000 | -1,328,000 | -2,046,000 | -1,152,000 | -1,363,000 | -670,000 | 1,835,000 | 1,820,000 | 2,182,000 |
yoy | 38.10% | -150.43% | 233.44% | 22.11% | 180.11% | -552.57% | 51.11% | 624.79% | 132.33% | -12969.78% | -297.92% | -112.07% | -38.12% | -101.35% | -130.05% | 2195.53% | -143.56% | -158.43% | 2107.05% | -116.49% | -255.35% | -237.87% | -94.53% | 58.63% | -162.24% | 37.90% | 175.70% | 72.95% | -3152.56% | -799.02% | -297.70% | -434.72% | -150.11% | 98.21% | -211.50% | -163.30% | -162.47% | ||||
qoq | 19.62% | 1.18% | -5.67% | 20.96% | -143.68% | -769.04% | -65.45% | 177.46% | -29.43% | 123.39% | 65.69% | -11.06% | -4009.35% | -96.56% | -89.90% | -556.18% | -14.85% | -23.40% | -871.52% | -91.34% | 14.22% | -2993.28% | -94.23% | -18.47% | 1.37% | 14.79% | 67.22% | -131.99% | -324.59% | 129.49% | 4.90% | 464.57% | -151.43% | -35.09% | 77.60% | -15.48% | 103.43% | -136.51% | 0.82% | -16.59% | |
operating margin % | 13.77% | 12.03% | 12.45% | 13.56% | 11.75% | -27.04% | 4.34% | 12.30% | 4.66% | 6.84% | 3.32% | 2.18% | 2.54% | -0.07% | -1.98% | -19.63% | 4.62% | 5.60% | 7.96% | -1.05% | -13.34% | -16.79% | 0.44% | 7.28% | 9.30% | 9.54% | 8.68% | 5.52% | -18.65% | 8.47% | 3.94% | 4.01% | 0.81% | -1.65% | -2.79% | -1.58% | -2.03% | -1.03% | 3.17% | 3.34% | 4.33% |
interest and other income | 3,487,000 | 4,482,000 | 3,508,000 | 1,564,000 | 4,414,000 | 3,087,000 | 2,525,000 | ||||||||||||||||||||||||||||||||||
income before income taxes | 52,325,000 | 45,310,000 | 43,858,000 | 44,339,000 | 39,778,000 | -77,874,000 | 14,626,000 | 38,158,000 | 13,304,000 | 19,536,000 | 8,652,000 | 7,128,000 | 3,035,000 | -1,167,000 | -5,104,000 | -40,954,000 | 7,782,000 | 10,203,000 | 12,467,000 | -9,376,750 | -19,731,000 | -17,030,000 | -746,000 | -533,250 | 694,000 | -1,076,000 | |||||||||||||||
benefit from income taxes | 6,474,000 | 40,000 | 4,635,000 | 10,656,000 | 10,251,000 | 3,624,000 | 1,189,000 | 4,090,000 | 576,000 | 90,000 | 3,251,000 | 5,306,000 | 2,520,000 | 1,904,000 | 1,541,000 | -4,129,000 | 2,448,000 | 1,963,000 | -2,735,000 | 1,455,000 | 885,000 | 1,598,000 | 573,250 | 456,000 | 482,000 | 1,355,000 | -16,470,000 | 14,000 | 1,341,000 | 243,000 | 1,183,000 | ||||||||||
net income | 45,851,000 | 45,270,000 | 39,223,000 | 33,683,000 | 29,527,000 | -60,200,000 | 11,002,000 | 9,184,000 | 9,214,000 | 18,960,000 | 8,562,000 | 13,381,000 | 5,491,000 | 9,083,000 | 238,000 | -1,558,000 | -3,106,000 | 14,955,000 | -1,106,000 | 185,000 | 780,000 | 1,633,000 | 901,000 | ||||||||||||||||||
yoy | 55.28% | -175.20% | 256.51% | 266.76% | 220.46% | -417.51% | 28.50% | -958.86% | -276.79% | -39.26% | -121.52% | -942.16% | -498.21% | 815.80% | -222.75% | ||||||||||||||||||||||||||
qoq | 1.28% | 15.42% | 16.45% | 14.08% | -149.05% | -647.17% | 19.80% | -0.33% | -51.40% | 121.44% | 143.69% | -39.55% | 3716.39% | -115.28% | -49.84% | -120.77% | -1452.17% | -697.84% | -76.28% | -52.24% | 81.24% | ||||||||||||||||||||
net income margin % | 12.93% | 13.34% | 12.10% | 10.68% | 9.81% | -20.11% | 3.95% | 3.23% | 3.40% | 7.25% | 3.55% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12.20% | 5.35% | 9.46% | 0.28% | -1.93% | -4.24% | 20.46% | -1.65% | 0.28% | 1.35% | 3.00% | 1.79% |
net income per share | -0.1 | 0.49 | -0.04 | 0.01 | 0.03 | 0.06 | 0.04 | ||||||||||||||||||||||||||||||||||
basic | 1.17 | 1.17 | 1.02 | 0.87 | 0.76 | -1.55 | 0.28 | 0.24 | 0.24 | 0.49 | 0.22 | 0.39 | 0.16 | 0.28 | 0.01 | -0.05 | |||||||||||||||||||||||||
diluted | 1.17 | 1.15 | 1 | 0.87 | 0.75 | -1.55 | 0.28 | 0.235 | 0.23 | 0.48 | 0.22 | 0.37 | 0.15 | 0.27 | 0.01 | -0.05 | |||||||||||||||||||||||||
weighted-average shares outstanding: | |||||||||||||||||||||||||||||||||||||||||
basic | 39,078,378 | 38,834,917 | 38,562,191 | 38,633,744 | 38,610,805 | 38,793,341 | 38,717,334 | 38,401,171 | 38,462,463 | 38,320,999 | 38,186,342 | 37,841,874 | 37,918,452 | 37,767,519 | 37,646,122 | 36,764,290 | 36,617,961 | 36,523,011 | 36,455,712 | 35,766,892 | 36,207,716 | 35,400,542 | 35,042,912 | 34,750,706 | 34,840,370 | 34,694,228 | 34,507,279 | 34,138,176 | 34,248,484 | 34,072,223 | 33,846,142 | 32,978,065 | 33,446,841 | 33,219,487 | |||||||
diluted | 39,302,239 | 39,245,953 | 39,163,428 | 39,268,037 | 39,178,227 | 38,793,341 | 39,387,359 | 39,216,564 | 39,219,966 | 39,201,155 | 39,075,388 | 37,841,874 | 37,918,452 | 37,767,519 | 38,708,657 | 37,881,180 | 37,611,355 | 37,582,348 | 37,533,520 | 35,766,892 | 36,207,716 | 35,400,542 | 36,362,726 | 36,265,999 | 36,271,394 | 36,214,321 | 36,213,164 | 36,086,821 | 34,248,484 | 36,116,254 | 35,917,051 | 35,319,103 | 35,664,272 | 33,219,487 | |||||||
acquired in-process research and development | 18,215,000 | 30,835,000 | |||||||||||||||||||||||||||||||||||||||
(benefit from) benefit from income taxes | -17,674,000 | -5,183,000 | -16,321,000 | -249,000 | -3,143,000 | -9,855,000 | -1,634,000 | -4,948,000 | -1,938,000 | -568,000 | |||||||||||||||||||||||||||||||
interest income | 629,000 | 1,123,000 | 839,000 | 554,000 | 299,000 | -43,000 | -72,000 | -47,000 | 21,000 | 138,000 | 299,000 | 480,000 | 447,000 | 413,000 | 108,000 | 299,000 | 578,000 | 759,000 | 784,000 | 733,000 | 724,000 | 771,000 | 720,000 | 749,000 | 727,000 | 658,000 | 624,000 | 644,000 | 623,000 | 631,000 | 559,000 | 510,000 | 139,000 | 17,000 | |||||||
other income | 113,500 | -444,000 | 808,000 | 90,000 | 1,996,000 | -2,356,000 | -956,000 | -1,011,000 | -918,000 | -1,137,000 | -408,000 | -1,476,000 | 787,000 | 14,000 | 511,000 | -1,655,000 | 592,000 | -772,000 | -71,000 | 24,000 | -44,000 | 170,000 | -340,000 | -290,000 | 26,000 | -647,000 | -372,000 | -349,000 | -986,000 | -360,000 | -272,000 | -224,000 | -83,000 | -115,000 | |||||||
consolidated net income | 3,877,000 | -2,271,000 | -3,687,000 | 79,000 | -24,633,000 | 8,031,000 | 8,299,000 | 10,926,000 | 2,632,000 | -9,876,000 | -12,901,000 | 888,000 | 9,301,000 | 11,000,000 | 16,249,000 | 10,454,000 | 6,464,000 | -22,426,000 | |||||||||||||||||||||||
net income attributable to non-controlling interest | -819,000 | -932,000 | -910,000 | -1,016,000 | -1,061,000 | -941,000 | -537,000 | -388,000 | -483,000 | -339,000 | -244,000 | -195,000 | -3,496,000 | ||||||||||||||||||||||||||||
net income attributable to penumbra, inc. | 3,877,000 | -2,271,000 | -3,687,000 | 79,000 | -24,633,000 | 8,850,000 | 9,231,000 | 11,836,000 | 3,648,000 | -8,815,000 | -11,960,000 | 1,425,000 | 9,689,000 | 11,483,000 | 16,588,000 | 10,698,000 | 6,659,000 | -18,930,000 | |||||||||||||||||||||||
net income attributable to penumbra, inc. per share: | |||||||||||||||||||||||||||||||||||||||||
basic | 0.11 | -0.06 | -0.1 | 0 | -0.68 | 0.24 | 0.25 | 0.32 | 0.1 | -0.24 | -0.34 | 0.04 | 0.27 | 0.33 | 0.48 | 0.31 | -0.55 | ||||||||||||||||||||||||
diluted | 0.11 | -0.06 | -0.1 | 0 | -0.66 | 0.24 | 0.25 | 0.32 | 0.1 | -0.24 | -0.34 | 0.04 | 0.27 | 0.32 | 0.46 | 0.3 | -0.55 | ||||||||||||||||||||||||
income before income taxes and equity in losses of unconsolidated investee | 11,749,000 | 12,963,000 | 13,514,000 | 11,909,000 | 7,349,000 | -19,908,000 | 9,663,000 | ||||||||||||||||||||||||||||||||||
income before equity in losses of unconsolidated investee | 9,301,000 | 11,000,000 | 16,249,000 | 10,454,000 | 6,464,000 | -21,506,000 | 14,611,000 | ||||||||||||||||||||||||||||||||||
equity in losses of unconsolidated investee | -920,000 | -1,230,000 | |||||||||||||||||||||||||||||||||||||||
other comprehensive income, net of tax: | |||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustments, net of tax | -3,400,000 | 1,386,000 | 616,000 | 5,845,000 | -766,000 | 692,000 | -900,000 | -898,000 | -1,881,000 | 1,048,000 | -416,000 | -303,000 | |||||||||||||||||||||||||||||
net change in unrealized gains on available-for-sale securities, net of tax | 102,000 | -318,000 | |||||||||||||||||||||||||||||||||||||||
total other comprehensive loss, net of tax | -3,298,000 | ||||||||||||||||||||||||||||||||||||||||
comprehensive income | 10,083,000 | 6,559,000 | 9,448,000 | 6,137,000 | -2,327,000 | -2,344,000 | 13,859,000 | -2,119,000 | -1,608,000 | 2,109,000 | 1,054,000 | 598,000 | |||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 31,611,841 | 30,464,583 | 30,604,384 | 30,210,322 | 29,990,006 | 11,993,429 | 7,853,730 | ||||||||||||||||||||||||||||||||||
basic | 39,078,378 | 38,834,917 | 38,562,191 | 38,633,744 | 38,610,805 | 38,793,341 | 38,717,334 | 38,401,171 | 38,462,463 | 38,320,999 | 38,186,342 | 37,841,874 | 37,918,452 | 37,767,519 | 37,646,122 | 36,764,290 | 36,617,961 | 36,523,011 | 36,455,712 | 35,766,892 | 36,207,716 | 35,400,542 | 35,042,912 | 34,750,706 | 34,840,370 | 34,694,228 | 34,507,279 | 34,138,176 | 34,248,484 | 34,072,223 | 33,846,142 | 32,978,065 | 33,446,841 | 33,219,487 | |||||||
diluted | 39,302,239 | 39,245,953 | 39,163,428 | 39,268,037 | 39,178,227 | 38,793,341 | 39,387,359 | 39,216,564 | 39,219,966 | 39,201,155 | 39,075,388 | 37,841,874 | 37,918,452 | 37,767,519 | 38,708,657 | 37,881,180 | 37,611,355 | 37,582,348 | 37,533,520 | 35,766,892 | 36,207,716 | 35,400,542 | 36,362,726 | 36,265,999 | 36,271,394 | 36,214,321 | 36,213,164 | 36,086,821 | 34,248,484 | 36,116,254 | 35,917,051 | 35,319,103 | 35,664,272 | 33,219,487 | |||||||
income before income taxes and equity in losses of unconsolidated investees | 4,504,000 | ||||||||||||||||||||||||||||||||||||||||
income before equity in losses of unconsolidated investees | 6,442,000 | ||||||||||||||||||||||||||||||||||||||||
equity in losses of unconsolidated investees | -951,000 | ||||||||||||||||||||||||||||||||||||||||
total other comprehensive income, net of tax | 1,068,000 | ||||||||||||||||||||||||||||||||||||||||
unrealized gain on available-for-sale securities, net of tax | 30,250 | 54,000 | |||||||||||||||||||||||||||||||||||||||
unrealized gains on available-for-sale securities, net of tax | -3,000 | 70,000 | -196,000 | -115,000 | 88,000 | 281,000 | -163,000 | ||||||||||||||||||||||||||||||||||
income before benefit from income taxes | -1,751,000 | -1,515,000 | -1,092,000 | -383,000 | 2,121,000 | 1,876,000 | 2,084,000 | ||||||||||||||||||||||||||||||||||
net income per share | -0.1 | 0.49 | -0.04 | 0.01 | 0.03 | 0.06 | 0.04 | ||||||||||||||||||||||||||||||||||
—diluted | -0.1 | -30,269,462.56 | -0.04 | 0.01 | 0.02 | 0.06 | 0.03 | ||||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 31,611,841 | 30,464,583 | 30,604,384 | 30,210,322 | 29,990,006 | 11,993,429 | 7,853,730 | ||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 14,955,000 | -1,106,000 | 185,000 | 780,000 | 909,000 | 276,000 |
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