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Penumbra PEN Q3 2025 earnings

Reported November 5, 2025 · After market close

Revenue$354.7MBeat by $13.7MDiluted EPS$0.97Beat by $0.04
Revenue estimate$341.0M
EPS estimate$0.93

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$389.6M
EPS estimate$1.18

Financials

Q3 2025

Income statement

See full
Revenue$354.7M+17.8%
Gross profit$240.4M+20.0%
Operating income$48.8M+38.1%
Net income$45.9M+55.3%
EPS (diluted)$1.17+56.0%

Balance sheet

See full
Cash & equivalents$321.0M+14.5%
Total debt$217.0M-4.3%
Total equity$1.4B+23.0%
Total assets$1.7B+17.9%

Cash flow

See full
Operating cash flow$58.3M+3.2%
CapEx$16.2M+198%
Free cash flow$42.0M-17.6%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$9.88B+31.1%
Enterprise value$9.78B+30.6%
P/E60.2×-158×
P/S7.4×+0.9×

Profitability

See full
Gross margin66.8%+4.0pp
Operating margin13%+12.8pp
Net margin12.3%+9.3pp
FCF margin11.4%-0.1pp

Returns & leverage

See full
Return on equity13.3%+10.2pp
Debt / equity0.2×0.0×
Current ratio6.7×+0.9×

Segments

By product

See full
Thrombectomy$236.4M+15.8%
Embolization and Access$118.3M+22.0%

Versus estimates

Revenue

Q1 2026$374.8MBeat by $4.3MQ4 2025$385.4MBeat by $23.5M
Q3 2025$354.7MBeat by $13.7M
Q2 2025$339.5MMiss by $1.9MQ1 2025$324.1MMiss by $3.1MQ4 2024$315.5MBeat by $3.9M

Diluted EPS

Q1 2026$0.82Miss by $0.24Q4 2025$1.18Beat by $0.07
Q3 2025$0.97Beat by $0.04
Q2 2025$0.86Beat by $0.05Q1 2025$0.83Beat by $0.17Q4 2024$0.97Beat by $0.09

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Questions, answered.

When did Penumbra report Q3 2025 earnings?
Penumbra (PEN) reported Q3 2025 earnings on November 5, 2025 after market close.
What were Penumbra's Q3 2025 revenue and EPS?
Penumbra reported revenue of $354.7M and diluted EPS of $0.97 for Q3 2025.
Did Penumbra beat estimates in Q3 2025?
Revenue beat the consensus estimate of $341.0M by $13.7M. EPS beat the consensus estimate of $0.93 by $0.04.
How did Penumbra's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 17.8% from $301.0M a year earlier and diluted EPS grew 14.1% from $0.85.
Where can I find Penumbra's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001321732-25-000108) and the 10-Q periodic report (0001321732-25-000109) directly on SEC EDGAR. The filing index links above go to sec.gov.