Penumbra (PEN) Operating Expenses (2014 - 2026)

Penumbra's (PEN) quarterly Operating Expenses came in at $215.2 million in Q1 2026, up 22.58% year-on-year from $175.5 million in Q1 2025, and up 6.05% on a QoQ basis from $202.9 million in Q4 2025.

Penumbra (PEN) Operating Expenses (2014 - 2026) Analysis & Trends

Penumbra (PEN) has 13 years of Operating Expenses data on file, last reported at $215.2 million in Q1 2026.

  • On a quarterly basis, Operating Expenses rose 22.58% year-over-year to $215.2 million in Q1 2026; TTM through Mar 2026 was $792.8 million, a 5.4% increase from a year earlier, with the FY2025 full-year figure at $753.2 million, up 1.0% from the prior year.
  • Operating Expenses for Q1 2026 stood at $215.2 million, up from $202.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for PEN reached as high as $243.8 million in Q2 2024 and fell as low as $129.9 million in Q3 2022.
  • Historically, Operating Expenses has averaged $167.8 million across 5 years, with a median of $165.1 million in 2023.
  • Across the five-year window, Operating Expenses soared 63.65% in 2024 and slipped 24.86% in 2025, its largest moves.
  • Year by year, Operating Expenses stood at $133.6 million in 2022, then rose by 13.75% to $152.0 million in 2023, then rose by 10.52% to $167.9 million in 2024, then grew by 20.81% to $202.9 million in 2025, then increased by 6.05% to $215.2 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $215.2 million in Q1 2026, $202.9 million in Q4 2025, and $191.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Abbott Laboratories 201.40 Bn 194.75 Bn 6.27 Bn 9.82 Bn
2 Stryker 122.29 Bn 119.41 Bn 3.81 Bn 2.87 Bn
3 Medtronic 105.01 Bn 96.40 Bn 6.41 Bn 3.59 Bn
4 Boston Scientific 64.81 Bn 63.59 Bn 3.61 Bn 2.51 Bn
5 Edwards Lifesciences 55.28 Bn 51.60 Bn 1.29 Bn 785.50 Mn
6 Dexcom 29.06 Bn 27.94 Bn 750.30 Mn 495.00 Mn
7 Koninklijke Philips 29.02 Bn 25.93 Bn 2.07 Bn -668.50 Mn
8 GE HealthCare Technologies 28.27 Bn 26.20 Bn 1.98 Bn 1.46 Bn
9 Smith & Nephew 25.80 Bn 25.22 Bn - -47.00 Mn
10 Penumbra 12.48 Bn 11.87 Bn 253.41 Mn 215.18 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 108.37 Mn