Penumbra Inc
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
PEN$321.85+0.8%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except share and per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $1,403,665 | $1,194,615 | $1,058,522 |
| Cost of revenue | 461,228 | 439,620 | 375,879 |
| Gross profit | 942,437 | 754,995 | 682,643 |
| Operating expenses: | |||
| Research and development | 89,766 | 94,783 | 84,423 |
| Sales, general and administrative | 663,422 | 573,988 | 506,454 |
| Acquired in-process research and development | — | — | 18,215 |
| Impairment charge | — | 76,945 | — |
| Total operating expenses | 753,188 | 745,716 | 609,092 |
| Income from operations | 189,249 | 9,279 | 73,551 |
| Interest and other income | 15,876 | 11,590 | 6,099 |
| Income before income taxes | 205,125 | 20,869 | 79,650 |
| Provision for (benefit from) income taxes | 27,438 | 6,857 | (11,304) |
| Net income | $177,687 | $14,012 | $90,954 |
| Net income per share: | |||
| Basic | $4.57 | $0.36 | $2.37 |
| Diluted | $4.52 | $0.36 | $2.32 |
| Weighted average shares outstanding: | |||
| Basic | 38,918,493 | 38,633,744 | 38,401,171 |
| Diluted | 39,291,828 | 39,268,037 | 39,216,564 |
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