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MARKETS / NYSE / PEN
NYSE · SURGICAL & MEDICAL INSTRUMENTS & APPARATUS · LARGE CAP

Penumbra Inc. PEN

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.4B
▲ 17.5% YoY
$177.7M
▲ 1168.1% YoY
$174.9M
▲ 18.8% YoY
In brief

What this company does

Penumbra, Inc. designs, develops, manufactures and markets products, and operates as one operating segment. As of December 31, 2025, the company had approximately 4,700 employees worldwide. The company maintains manufacturing facilities in Alameda and Roseville, California, and produces substantially all of its products in-house. The company divides its markets into thrombectomy, which includes products that treat conditions such as pulmonary embolism, deep vein thrombosis, acute limb ischemia, ischemic stroke and coronary disease, and embolization and access, which include products to treat aneurysms and to occlude vessels as well as products to access the vasculature. The Penumbra System is a fully integrated mechanical thrombectomy system consisting of reperfusion catheters and separators, the 3D Revascularization Device, aspiration tubing, and aspiration pump. The Ruby Embolization Platform consists of detachable coils that are specifically designed for peripheral applications. Penumbra, Inc. was founded in 2004.

Written from the business description in Penumbra, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.4B
Revenue, FY2025 · full 13-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.4 · Net income 0.2
0.5B1.0B2013201520172019202120232025
Compound annual growth
+18.3%
+20.2%
+22.4%
+54.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +20.2% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
13 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 13.5% · Net 12.7%
5%10%-2%-4%-6%2013201520172019202120232025
ROE
FY2025 · ROE 13.8%
5%10%-1%-2%2013201520172019202120232025

Each USD of equity produced 14 cents of profit this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 174.9
80.0M160.0M-25.0M-50.0M2013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks -15.4
40M80M-8M2022202320242025

Total assetsUSD 1.8B
EquityUSD 1.4B
CashUSD 186.9M
Current ratio6.64×

Equity funds 78% of total assets.

The 13-year record
13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 2025202420232022202120202019201820172016201520142013
Revenue $B1.41.21.10.80.70.60.50.40.30.30.20.10.1
Operating income $B0.20.00.10.0−0.0−0.00.0−0.00.0−0.00.00.0−0.0
EBITDA $B0.20.00.10.00.0−0.00.10.00.00.00.00.0−0.0
Income tax $B0.00.0−0.00.0−0.0−0.00.0−0.0−0.0−0.00.00.0−0.0
Net income $B0.20.00.1−0.00.0−0.00.00.00.00.00.00.00.0
Free cash flow $B0.20.10.1−0.1−0.0−0.10.00.00.0−0.0−0.0−0.0−0.0
EPS, diluted $4.520.362.32−0.050.14−0.441.340.180.130.440.08−0.180.14
Dividend / sh $·············
Payout %·············
ROE %13.81.28.4−0.20.7−2.810.71.61.45.92.1··
Shares out B0.040.040.040.040.040.040.040.030.030.030.030.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 63 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 32 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySurgical & Medical Instruments & Apparatus
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2013

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