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Penumbra (PEN) Operating Expenses (2016 - 2025)

Penumbra (PEN) has disclosed Operating Expenses for 12 consecutive years, with $202.9 million as the latest value for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 20.81% to $202.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $753.2 million, a 1.0% increase, with the full-year FY2025 number at $753.2 million, up 1.0% from a year prior.
  • Operating Expenses was $202.9 million for Q4 2025 at Penumbra, up from $191.6 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $243.8 million in Q2 2024 to a low of $97.9 million in Q1 2021.
  • A 5-year average of $155.5 million and a median of $152.0 million in 2023 define the central range for Operating Expenses.
  • Peak YoY movement for Operating Expenses: surged 63.65% in 2024, then decreased 24.86% in 2025.
  • Penumbra's Operating Expenses stood at $111.1 million in 2021, then rose by 20.21% to $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 increased by 20.81% to $202.9 million in 2025.
  • Per Business Quant, the three most recent readings for PEN's Operating Expenses are $202.9 million (Q4 2025), $191.6 million (Q3 2025), and $183.2 million (Q2 2025).