Penumbra (PEN) Operating Expenses (2014 - 2026)

Penumbra (PEN) reported Operating Expenses of $215.2 million for Q1 2026, up 22.58% year-over-year from $175.5 million in Q1 2025, and up 6.05% quarter-over-quarter 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.

  • Operating Expenses for Q1 2026 came in at $215.2 million, up 22.58% year-over-year; the trailing twelve-month figure through Mar 2026 was $792.8 million (up 5.4% YoY), and the FY2025 annual result was $753.2 million, up 1.0% from the prior year.
  • Operating Expenses advanced to $215.2 million in Q1 2026 per PEN's latest filing, from $202.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $243.8 million in Q2 2024 and troughed at $129.9 million in Q3 2022.
  • A 5-year average of $167.8 million and a median of $165.1 million in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2024 and 2025: Operating Expenses surged 63.65% in 2024, then declined 24.86% in 2025.
  • A 5-year view of Operating Expenses shows it stood at $133.6 million in 2022, then climbed by 13.75% to $152.0 million in 2023, then climbed by 10.52% to $167.9 million in 2024, then gained by 20.81% to $202.9 million in 2025, then advanced by 6.05% to $215.2 million in 2026.
  • Business Quant data shows PEN's Operating Expenses at $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 152.92 Bn 146.27 Bn 6.27 Bn 9.82 Bn
2 Stryker 119.50 Bn 116.62 Bn 3.81 Bn 2.87 Bn
3 Medtronic 102.71 Bn 94.54 Bn 5.76 Bn 3.76 Bn
4 Boston Scientific 69.72 Bn 68.51 Bn 3.61 Bn 2.51 Bn
5 Edwards Lifesciences 49.24 Bn 45.57 Bn 1.29 Bn 822.60 Mn
6 GE HealthCare Technologies 29.74 Bn 27.67 Bn 1.98 Bn 1.46 Bn
7 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn -668.50 Mn
8 Dexcom 28.96 Bn 27.84 Bn 750.30 Mn 495.00 Mn
9 Steris 20.31 Bn 19.88 Bn 697.10 Mn 380.30 Mn
10 Penumbra 12.51 Bn 11.90 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