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Penumbra PEN Operating Income

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Other financials

Income statement

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Revenue$374.8M+15.6%
Gross profit$253.4M+17.4%
Net income$32.6M-16.9%
EPS (diluted)$0.82-18.0%

Balance sheet

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Cash & equivalents$241.3M-35.8%
Total debt$216.2M-2.0%
Total equity$1.5B+21.5%
Total assets$1.9B+19.2%

Cash flow

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Operating cash flow$87.0M+77.6%
CapEx$13.7M+1.5%
Free cash flow$73.3M+106%

Valuation

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Market cap$12.73B+36.0%
Enterprise value$12.71B+38.7%
P/E74.4×+11.1×
P/S8.8×+1.4×

Profitability

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Gross margin67.4%+3.7pp
Operating margin12.9%+9.8pp
Net margin11.8%+8.4pp
FCF margin14.6%+2.5pp

Returns & leverage

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Return on equity12.7%+9.2pp
Debt / equity0.1×0.0×
Current ratio-0.3×

Where this comes from

Reported directly by Penumbra in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The source filing: Penumbra’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:45 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001321732-26-000019
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Research and development22,38222,077
Sales, general and administrative192,795153,456
Total operating expenses215,177175,533
Income from operations38,23440,350
Interest and other income, net3,4543,508
Income before income taxes41,68843,858
Provision for income taxes9,1044,635
Net income$32,584$39,223

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is Penumbra's operating income?
Penumbra (PEN) reported operating income of $38.23M in Q1 2026.
How has Penumbra's operating income changed year-over-year?
Penumbra's operating income decreased by 5.2% year-over-year, from $40.35M to $38.23M.
What is the long-term trend for Penumbra's operating income?
Over 4 years (2021 to 2025), Penumbra's operating income has grown at a 124.1% compound annual growth rate (CAGR), from -$7.5M to $189.25M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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