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Penumbra Inc (PEN)

Penumbra, Inc., together with its subsidiaries, designs, develops, manufactures, and markets medical devices in the United States and internationally. It offers computer-assisted vacuum thrombectomy; peripheral thrombectomy products, including the Indigo System for power aspiration of thrombus in the body; Lightning Flash, a mechanical thrombectomy system; Lightning Bolt 7, an arterial thrombectomy system; and CAT RX. It also provides access products, including guide catheters and the Penumbra distal delivery catheters under the Neuron, Neuron MAX, BENCHMARK, BMX, DDC, Access25; MIDWAY, and PX SLIM brands; Penumbra System, an integrated mechanical thrombectomy system comprising reperfusion catheters and separators, the 3D Revascularization device, aspiration tubing, aspiration pump, and other components and accessories under the Penumbra RED, SENDit, JET, ACE, BMX, Max, 3D Revascularization Device, and Penumbra ENGINE brands; and neuro embolization coiling systems that include the Penumbra Coil 400, for the treatment of aneurysms and other complex lesions, detachable coils of neurovascular lesions under the Penumbra SMART COIL, SwiftSET, and Penumbra SwiftPAC Coil brands; and POD400 and PAC400 brands. In addition, it provides peripheral embolization products, such as Ruby Embolization Platform, which consists of detachable coils for peripheral applications; Ruby LP and XL Embolization Platform; Penumbra LANTERN Delivery Microcatheter, a low-profile microcatheter with a high-flow lumen; POD (Penumbra Occlusion Device) System, a single device solution; Packing Coil LP; and Packing Coil, a complementary device for use in other peripheral embolization products. Further, it offers neurosurgical tools comprising the Artemis Neuro Evacuation Device for surgical removal of fluid and tissue from the ventricles and cerebrum. It sells its products through direct sales organizations and distributors. The company was incorporated in 2004 and is based in Alameda, California.

Sector: Surgical & Medical Instruments & Apparatus

Industry: Medical - Devices

Penumbra, Inc. logo

Penumbra, Inc.

NYSE:PENHealthcare
-0.18%$324.39
AH Close$324.39+0.00%vs close
Mkt Cap$12.78B
Float38.23M
O/S39.39M
Inst Own86.6%
SI5.9%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.4B
Net Income$177.69M
Total Assets$1.83B
Free Cash Flow$174.93M
Debt & Equity
Debt 13%
Equity 87%
Total Debt$219.7M
Total Equity$1.43B
Shares Outstanding
Short Interest
Split History

No splits on record

Nothing in PEN's public trading history: no forward or reverse split has affected the share count.

Balance Sheet Details
Assets$1.83B
Liabilities$398.92M
Accounts Receivable$190.02M
Accounts Payable$34.74M
Inventory$431.55M
PP&E (Net)$316.35M
Goodwill$166.75M
Intangible Assets$6.83M
Income Statement
PeriodFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013FY 2012
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Period Ending2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-31
Revenue$1.4B$1.19B$1.06B$847.13M$747.59M$560.41M$547.4M$444.94M$333.76M$263.32M$186.09M$125.51M$88.85M$73.14M
YoY Growth17.5%12.9%25.0%13.3%33.4%2.4%23.0%33.3%26.8%41.5%48.3%41.3%21.5%-
Cost of Revenue$461.23M$439.62M$375.88M$311.93M$272.21M$222.24M$175.44M$152.41M$116.62M$92.49M$62.04M$42.67M$30.97M$24.18M
Gross Profit$942.44M$755M$682.64M$535.21M$475.38M$338.18M$371.96M$292.53M$217.14M$170.83M$124.06M$82.84M$57.88M$48.96M
Gross Margin67.1%63.2%64.5%63.2%63.6%60.3%68.0%65.7%65.1%64.9%66.7%66.0%65.1%66.9%
Research and Development$89.77M$94.78M$84.42M$79.41M$104.55M$90.05M$51.72M$36.16M$31.66M$23.88M$18.03M$15.57M$14.08M$12.55M
Selling, General, and Administrative$663.42M$573.99M$506.45M$449.72M$378.33M$287.07M$272.73M$226.38M$184.32M$148.3M$101.85M$64.26M$44.92M$32.99M
Other$0$0$18.21M$0$0$0$0$30.84M$0$0$0$0$0$0
Total Operating Expenses$753.19M$668.77M$609.09M$529.13M$482.88M$377.12M$324.46M$293.38M$215.98M$172.18M$119.88M$79.83M$59M$45.53M
Operating Income (EBIT)$189.25M$86.22M$73.55M$6.08M-$7.5M-$38.94M$47.51M-$852K$1.17M-$1.35M$4.18M$3.01M-$1.13M$3.43M
Operating Margin13.5%7.2%6.9%0.7%-1.0%-6.9%8.7%-0.2%0.3%-0.5%2.2%2.4%-1.3%4.7%
Interest Expense$1.31M$1.42M$1.74M$1.75M$1.93M$0$0$0$0$0$0$0$0$0
Interest Income$16.29M$13.69M$6.83M$1.89M$2.87M$1.27M$2.85M$2.96M$2.65M$2.32M$541K$439K$345K$244K
Other Income (Expense)$15.88M-$65.36M$6.1M-$2.19M-$3M$924K$2.63M$2.46M$1.31M$481K-$155K$130K-$129K$464K
Income Before Tax (EBT)$205.13M$20.87M$79.65M$3.89M-$10.5M-$38.02M$50.13M$1.61M$2.48M-$869K$4.02M$3.14M-$1.25M$3.89M
Income Tax Expense$27.44M$6.86M-$11.3M$5.89M-$13.13M-$18.76M$3.13M-$4.4M-$3.61M-$15.68M$1.66M$894K-$5.35M$1.93M
Net Income$177.69M$14.01M$90.95M-$2M$5.28M-$15.7M$48.46M$6.6M$4.66M$14.81M$2.37M$2.25M$4.1M$1.96M
Net Income Margin12.7%1.2%8.6%-0.2%0.7%-2.8%8.9%1.5%1.4%5.6%1.3%1.8%4.6%2.7%
Supplementary Data
EPS4.570.362.37-0.050.14-0.541.390.180.140.490.09-0.030.040.08
Diluted EPS4.520.362.32-0.050.14-0.541.340.180.130.440.08-0.030.040.08
Weighted Average OS38.92M38.63M38.40M37.84M36.76M35.77M34.75M36.09M32.98M30.46M11.99M24.51M24.51M24.51M
EBITDA$223.91M$45.99M$108.65M$29.96M$7.84M-$26.05M$55.61M$36.15M$4.95M$947K$5.93M$3.76M-$449K$3.43M
EBITDA Margin16.0%3.8%10.3%3.5%1.0%-4.6%10.2%8.1%1.5%0.4%3.2%3.0%-0.5%4.7%
Balance Sheet
PeriodFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Period Ending2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Assets
Current Assets
Cash and Cash Equivalents$186.9M$324.4M$167.49M$69.86M$59.38M$69.67M$72.78M$67.85M$50.64M$13.24M$19.55M$3.29M$4.13M
Short-Term Investments$357.92M$15.73M$121.7M$118.17M$195.5M$195.16M$116.61M$133.04M$163.95M$115.52M$129.26M$48.25M$9.54M
Cash and Short-Term Investments$544.82M$340.13M$289.19M$188.03M$254.88M$264.83M$189.39M$200.89M$214.59M$128.75M$148.8M$51.54M$13.68M
Accounts Receivable$190.02M$167.67M$201.77M$203.38M$133.94M$114.61M$105.9M$81.9M$58.01M$43.34M$29.44M$20.57M$13.15M
Inventory$431.55M$406.74M$388.02M$334.01M$263.5M$219.53M$152.99M$115.74M$94.9M$73.01M$56.76M$33.45M$27.07M
Other Current Assets$50.3M$36.59M$36.42M$30.28M$2.4M$0$0$0$0$9.5M$1.3M$6.61M$5.18M
Total Current Assets$1.22B$951.13M$915.4M$755.7M$681.47M$617.7M$463.13M$410.73M$382.23M$263.83M$244.36M$115.3M$62.24M
Long-Term Assets
Property, Plant & Equipment Net$316.35M$267.76M$280.5M$280.41M$227.09M$127.43M$135.45M$35.41M$30.9M$21.46M$8.95M$5.18M$2.03M
Goodwill$166.75M$165.83M$166.27M$166.05M$166.39M$8.37M$7.66M$7.81M$8.18M$0$0$0$0
Intangible Assets$6.83M$7.2M$83.09M$91.72M$90.62M$10.64M$25.41M$27.25M$23.78M$0$0$0$0
Long-Term Investments$0$0$0$0$0$0$0$0$3.87M$0$5K$0$6M
Deferred Tax Assets$79.19M$100.33M$85.16M$64.21M$65.7M$50.14M$31.3M$32.94M$26.69M$22.48M$10.14M$571K$424K
Other Long-Term Assets$40.72M$40.94M$25.88M$12.79M$12.98M$8.71M$2.95M$875K$1.02M$487K$393K$328K$454K
Total Long-Term Assets$609.84M$582.06M$640.9M$615.19M$562.78M$205.28M$202.77M$104.28M$94.43M$44.43M$19.49M$6.08M$8.91M
Other Assets$0$0$0$0$0$0$0$0$0$0$0$0$0
Total Assets$1.83B$1.53B$1.56B$1.37B$1.24B$822.98M$665.9M$515.01M$476.67M$308.25M$263.85M$121.38M$71.15M
Liabilities
Current Liabilities
Accounts Payable$34.74M$31.33M$27.16M$26.68M$13.42M$14.11M$15.11M$8.18M$6.76M$4.11M$2.57M$2.35M$1.31M
Short-Term Debt$0$0$0$0$0$0$0$0$0$0$0$0$0
Current Income Tax Payable$0$0$0$0$0$0$0$0$0$907K$839K$638K$368K
Current Unearned Revenue$0$940K$6.99M$9.16M$0$0$0$0$0$344K$526K$1.59M$1.09M
Other Current Liabilities$0-$940K$0$0$0$9.81M$1.82M$9.3M$8.88M$14.39M$10.56M$8.03M$7.95M
Total Current Liabilities$183.13M$158.34M$151.14M$144.93M$123.2M$105.93M$91.05M$66.06M$51.58M$35.8M$28.15M$20.82M$15.84M
Long-Term Liabilities
Long-Term Debt$0$0$0$0$0$0$0$0$0$0$0$0$6M
Long-Term Unearned Revenue$0$0$0$0$0$0$0$0$0$0$0$0$0
Long-Term Deferred Tax Liabilities$0$0$0$0$0$4.78M$4M$4.17M$3.3M$0$0$0$0
Other Long-Term Liabilities$12.32M$15.11M$5.31M$3.28M$3.56M$3.23M$11.24M$22.36M$21.38M$5.91M$3.18M$112.93M$57.37M
Total Long-Term Liabilities$215.78M$223.91M$226.22M$227.1M$167.13M$79.26M$89.24M$26.53M$24.68M$5.91M$3.18M$112.93M$63.37M
Other Liabilities$0$0$0$0$0$0$0$0$0$0$0$0$0
Total Liabilities$398.92M$382.25M$377.36M$372.03M$290.32M$185.19M$180.29M$92.59M$76.26M$41.71M$31.33M$133.75M$79.21M
Stockholders' Equity
Preferred Stock$0$0$0$0$0$0$0$0$431K$0$0$111.47M$56.22M
Common Stock$39K$38K$39K$38K$37K$36K$35K$34K$33K$31K$30K$5K$4K
Retained Earnings$237.69M$60M$134.86M$43.9M$45.91M$40.62M$57.52M$9.06M$2M-$2.66M-$17.48M-$19.84M-$14.99M
Comprehensive Income & Other$4.35M-$5.84M-$3.15M-$8.12M-$2.63M$2.54M-$2.32M-$1.94M$1.57M-$4.69M-$2.12M-$864K$796K
Other Stockholders' Equity$1.19B$1.09B$1.04B$954.92M$907.98M$600.84M$428.33M$413.14M$398.38M$269.18M$249.97M$7.46M$6.93M
Total Equity$1.43B$1.15B$1.18B$998.86M$953.93M$641.5M$485.89M$422.24M$400.41M$266.55M$232.52M-$12.37M-$8.06M
Minority Interest$0$0$0$0$0-$3.71M-$279K$175K$0$0$0$0$0
Total Liabilities and Equity$1.83B$1.53B$1.56B$1.37B$1.24B$826.69M$666.18M$514.83M$476.67M$308.25M$263.85M$121.38M$71.15M
Supplementary Data
Total Debt$219.7M$223.39M$234.34M$235.77M$173.55M$77.28M$82.3M$0$0$0$0$0$6M
Net Debt$32.8M-$101.02M$66.86M$165.91M$114.17M$7.61M$9.52M-$67.85M-$50.64M-$13.24M-$19.55M-$3.29M$1.87M
Cash Flow Statement
PeriodFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016FY 2015FY 2014FY 2013
CurrencyUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSDUSD
Period Ending2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-31
Operating Activities
Net Income$177.69M$14.01M$90.95M-$2M$5.28M-$19.26M$48.46M$2.91M$4.66M$14.81M$2.37M$2.25M$4.1M
Depreciation & Amortization$17.47M$23.7M$27.26M$24.32M$16.41M$12.89M$8.1M$6.17M$3.78M$2.3M$1.75M$751K$677K
Deferred Income Tax$21.03M-$16.34M-$19.06M$1.46M-$14.09M-$18.82M$1.82M-$6.48M-$4.29M-$12.38M-$2.96M-$571K-$335K
Stock-Based Compensation$59.21M$46.16M$0$0$0$25.54M$0$18.42M$17.81M$14.64M$7.27M$1.43M$886K
Changes in Working Capital:
  Accounts Receivable-$19.51M$26.6M-$266K-$69.86M-$21.34M-$8.29M-$25.03M-$25.76M-$9.12M-$14.56M-$11.06M-$7.43M-$1.55M
  Inventory-$26.48M-$65.66M-$67.71M-$74.63M-$51.55M-$56.98M-$41.41M-$22.29M-$18.83M-$19.74M-$25.13M-$9.44M-$3.78M
  Accounts Payable$3.07M$4.17M$1.1M$13.38M-$1.56M-$308K$6.04M$1.33M$1.85M$1.38M$132K$1.3M-$451K
  Other Working Capital$213K$11.11M-$12.21M$9.57M$7.75M$14.39M$3.56M$16.46M$12.6M-$3.27M$3.79M$3.46M$785K
Total Working Capital Change-$42.72M-$23.78M-$79.08M-$121.53M-$66.71M-$51.19M-$56.84M-$30.26M-$13.49M-$36.19M-$32.26M-$12.11M-$5M
Other Non-Cash Items$5.97M$124.72M$77.27M$42.1M$68.61M$17.59M$25.11M$38.05M$4.22M$4.01M$1.56M$1.86M-$3.73M
Net Cash from Operating$238.66M$168.48M$97.33M-$55.66M$9.5M-$33.24M$26.65M$28.81M$12.69M-$12.81M-$22.28M-$6.39M-$3.4M
Investing Activities
Capital Expenditures-$63.73M-$21.18M-$15.21M-$19.3M-$21.18M-$24.76M-$22.11M-$9.6M-$15.03M-$13.63M-$5.47M-$3.89M-$798K
Acquisitions$0$0-$988K$0$2.92M$0$800K-$20.41M-$9.25M$0$0$0$0
Purchases of Investments-$355.74M-$32.91M-$81.94M$0-$126.79M-$153.06M-$77.33M-$109.61M-$194.92M-$63.35M-$135.34M-$51.34M-$6.86M
Sales of Investments$14.88M$130.62M$82.56M$74.09M$123.72M$76.73M$95.36M$139.24M$141.56M$77.67M$55M$18.23M$6.41M
Other Investing Activities$0$1.1M-$500K$0-$400K-$3.06M-$8.64M$29.63M-$55.87M$14.32M-$80.34M-$33.11M-$453K
Net Cash from Investing-$404.59M$77.62M-$16.08M$54.79M-$21.73M-$104.15M-$11.91M-$385K-$77.65M$687K-$85.82M-$37M-$1.25M
Financing Activities
Debt Repaid$2.48M$2.28M$1.98M$1.75M$1.45M$3.42M$2.57M$404K$1.08M--$6M-$2M
Common Stock Issuance$31.82M$17.17M$20.41M$21.55M$18.37M$134.76M$13.1M$7.23M$106.27M$6.58M$124.74M$0$0
Common Stock Repurchases$0-$100.39M$0$0$0$0$0-$17.73M$0-$2.62M$0-$9.35M$0
Dividends Paid$0$0$0$0$0$0$0$0$0$0$0$0$0
Other Financing Activities-$2.8M-$1.52M-$2.23M-$8.18M-$16.08M$3.58M-$20.29M-$9.41M-$829K$7.13M-$318K$1.04M$178K
Net Cash from Financing$26.53M-$87.01M$16.2M$11.62M$836K$134.92M-$9.76M-$9.81M$104.36M$7.13M$124.42M$42.9M$2.18M
Forex Effect$1.89M-$2.18M$168K-$272K$1.11M-$635K-$53K-$1.4M-$2M-$1.32M-$72K-$348K-$835K
Net Change in Cash-$137.51M$156.92M$97.63M$10.48M-$10.29M-$3.11M$4.93M$17.21M$37.4M-$6.31M$16.26M-$841K-$3.3M
Supplementary Data
Operating Cash Flow$238.66M$168.48M$97.33M-$55.66M$9.5M-$33.24M$26.65M$28.81M$12.69M-$12.81M-$22.28M-$6.39M-$3.4M
Capital Expenditure-$63.73M-$21.18M-$15.21M-$19.3M-$21.18M-$24.76M-$22.11M-$9.6M-$15.03M-$13.63M-$5.47M-$3.89M-$798K
Free Cash Flow$174.93M$147.3M$82.12M-$74.96M-$11.68M-$58M$4.54M$19.2M-$2.34M-$26.44M-$27.75M-$10.28M-$4.19M
Cash at Beginning$324.4M$167.49M$69.86M$59.38M$69.67M$72.78M$67.85M$50.64M$13.24M$19.55M$3.29M$4.13M$7.43M
Cash at End$186.9M$324.4M$167.49M$69.86M$59.38M$69.67M$72.78M$67.85M$50.64M$13.24M$19.55M$3.29M$4.13M