Penumbra Inc
For the period ended Mar 31, 2026. Filed May 6, 2026.
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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.
Mar 31, 2026 · Filed May 6, 2026
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
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $32,584 | $39,223 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 4,574 | 5,015 |
| Stock-based compensation | 14,645 | 13,785 |
| Inventory write-downs | 1,634 | 2,485 |
| Deferred taxes | (727) | (1,998) |
| Other | (1,211) | 452 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 5,542 | 543 |
| Inventories | (9,019) | (10,762) |
| Prepaid expenses and other current and non-current assets | 13,040 | (96) |
| Accounts payable | 8,966 | (251) |
| Accrued expenses and other non-current liabilities | 16,943 | 574 |
| Net cash provided by operating activities | 86,971 | 48,970 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of marketable investments | (141,101) | (35) |
| Proceeds from maturities of marketable investments | 125,139 | 13,000 |
| Purchases of property and equipment | (13,671) | (13,467) |
| Other | (1,000) | — |
| Net cash used in investing activities | (30,633) | (502) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from exercises of stock options | — | 4,022 |
| Payment of employee taxes related to vested stock | (1,290) | (445) |
| Payments of finance lease obligations | (617) | (613) |
| Other | — | (256) |
| Net cash (used in) provided by financing activities | (1,907) | 2,708 |
| Effect of foreign exchange rate changes on cash and cash equivalents | (39) | 474 |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 54,392 | 51,650 |
| CASH AND CASH EQUIVALENTS—Beginning of period | 186,897 | 324,404 |
| CASH AND CASH EQUIVALENTS—End of period | $241,289 | $376,054 |
| NONCASH INVESTING AND FINANCING ACTIVITIES: | ||
| Right-of-use assets obtained in exchange for operating lease obligations | $486 | $838 |
| Right-of-use assets obtained in exchange for finance lease obligations | $118 | $7 |
| Purchase of property and equipment funded through accounts payable and accrued liabilities | $11,779 | $1,727 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for amounts included in the measurement of operating lease liabilities | $5,907 | $5,564 |
| Cash paid for income taxes | $439 | $5,996 |
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