Penumbra Inc
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
PEN$321.46-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $130,344 | $(19,671) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 13,010 | 19,314 |
| Stock-based compensation | 43,951 | 34,069 |
| Impairment charge | — | 76,945 |
| Inventory write-downs | 4,233 | 40,946 |
| Deferred taxes | 5,974 | (20,939) |
| Other | 946 | 1,404 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (12,690) | 23,365 |
| Inventories | (25,852) | (45,992) |
| Prepaid expenses and other current and non-current assets | (17,100) | 1,733 |
| Accounts payable | (1,471) | 6,035 |
| Accrued expenses and other non-current liabilities | 10,834 | 164 |
| Net cash provided by operating activities | 152,179 | 117,373 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of non-marketable investments | — | (10,000) |
| Purchases of marketable investments | (146,648) | (13,026) |
| Proceeds from maturities of marketable investments | 13,000 | 125,816 |
| Purchases of property and equipment | (45,295) | (15,811) |
| Other | — | 1,600 |
| Net cash (used in) provided by investing activities | (178,943) | 88,579 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from exercises of stock options | 15,378 | 783 |
| Proceeds from issuance of stock under employee stock purchase plan | 8,866 | 8,861 |
| Payment of employee taxes related to vested stock | (597) | (582) |
| Payments of finance lease obligations | (1,916) | (1,687) |
| Repurchase of common stock | — | (100,388) |
| Other | (256) | (61) |
| Net cash provided by (used in) financing activities | 21,475 | (93,074) |
| Effect of foreign exchange rate changes on cash and cash equivalents | 1,914 | 112 |
| NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS | (3,375) | 112,990 |
| CASH AND CASH EQUIVALENTS—Beginning of period | 324,404 | 167,486 |
| CASH AND CASH EQUIVALENTS—End of period | $321,029 | $280,476 |
| NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Right-of-use assets obtained in exchange for operating lease obligations | $2,959 | $1,941 |
| Right-of-use assets obtained in exchange for finance lease obligations | $1,467 | $437 |
| Purchase of property and equipment funded through accounts payable and accrued liabilities | $1,546 | $1,831 |
| Excise tax accrued on repurchase of common stock | $— | $566 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for amounts included in the measurement of operating lease liabilities | $16,703 | $16,433 |
| Cash paid for income taxes | $14,119 | $14,367 |
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