Penumbra (PEN) Operating Expenses (2014 - 2026)
Penumbra (PEN) posted quarterly Operating Expenses of $223.9 million for Q2 2026, up 22.23% year-over-year from $183.2 million in Q2 2025, and up 4.06% quarter-over-quarter from $215.2 million in Q1 2026.
Penumbra (PEN) Operating Expenses (2014 - 2026) Analysis & Trends
Penumbra (PEN) has reported Operating Expenses for 13 consecutive years, with $223.9 million the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 22.23% year-over-year to $223.9 million; the TTM figure through Jun 2026 stood at $833.6 million (up 20.53% YoY), while the FY2025 annual figure was $753.2 million, up 1.0% from the prior year.
- Operating Expenses grew to $223.9 million in Q2 2026 per PEN's latest filing, from $215.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $243.8 million in Q2 2024 and bottomed at $129.9 million in Q3 2022.
- Historically, Operating Expenses has averaged $170.9 million across 5 years, with a median of $166.5 million in 2023.
- Annual changes were most pronounced in 2024 — Operating Expenses surged 63.65% — and 2025, when it declined 24.86%.
- Penumbra's Operating Expenses stood at $133.6 million in 2022, then grew by 13.75% to $152.0 million in 2023, then grew by 10.52% to $167.9 million in 2024, then advanced by 20.81% to $202.9 million in 2025, then climbed by 10.36% to $223.9 million in 2026.
- Business Quant data shows PEN's Operating Expenses at $223.9 million in Q2 2026, $215.2 million in Q1 2026, and $202.9 million in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.12 Bn | 193.52 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 128.79 Bn | 125.32 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 119.30 Bn | 110.08 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 73.50 Bn | 72.96 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 52.11 Bn | 47.86 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.62 Bn | 32.67 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 34.05 Bn | 31.94 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.42 Bn | 23.10 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.15 Bn | 22.67 Bn | 684.20 Mn | 398.30 Mn |
| 10 | Penumbra | 12.79 Bn | 12.13 Bn | 264.94 Mn | 223.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 223.91 Mn |
| Mar 31, 2026 | 215.18 Mn |
| Dec 31, 2025 | 202.90 Mn |
| Sep 30, 2025 | 191.58 Mn |
| Jun 30, 2025 | 183.18 Mn |
| Mar 31, 2025 | 175.53 Mn |
| Dec 31, 2024 | 167.95 Mn |
| Sep 30, 2024 | 164.94 Mn |
| Jun 30, 2024 | 243.79 Mn |
| Mar 31, 2024 | 169.04 Mn |
| Dec 31, 2023 | 151.96 Mn |
| Sep 30, 2023 | 165.09 Mn |
| Jun 30, 2023 | 148.97 Mn |
| Mar 31, 2023 | 143.06 Mn |
| Dec 31, 2022 | 133.59 Mn |
| Sep 30, 2022 | 129.89 Mn |
| Jun 30, 2022 | 134.17 Mn |
| Mar 31, 2022 | 131.46 Mn |
| Dec 31, 2021 | 165.50 Mn |
| Sep 30, 2021 | 111.13 Mn |