Penumbra (PEN) Research & Development (2014 - 2026)

Penumbra (PEN) reported Research & Development of $22.4 million for Q1 2026, up 1.38% year-over-year from $22.1 million in Q1 2025, and up 2.7% quarter-over-quarter from $21.8 million in Q4 2025.

Penumbra (PEN) Research & Development (2014 - 2026) Analysis & Trends

Penumbra (PEN) has 13 years of Research & Development data on file, last reported at $22.4 million in Q1 2026.

  • Research & Development for Q1 2026 came in at $22.4 million, up 1.38% year-over-year; the trailing twelve-month figure through Mar 2026 was $90.1 million (down 2.35% YoY), and the FY2025 annual result was $89.8 million, down 5.29% from the prior year.
  • Research & Development rose to $22.4 million in Q1 2026 per PEN's latest filing, from $21.8 million in the prior quarter.
  • Over five years, Research & Development peaked at $25.2 million in Q3 2024 and troughed at $18.0 million in Q4 2022.
  • A 5-year average of $21.8 million and a median of $21.8 million in 2025 frame the typical range for Research & Development.
  • On a YoY basis, Research & Development climbed as much as 27.41% in 2022 and fell as far as 65.46% in 2022.
  • A 5-year view of Research & Development shows it stood at $18.0 million in 2022, then climbed by 22.14% to $21.9 million in 2023, then fell by 8.81% to $20.0 million in 2024, then increased by 8.92% to $21.8 million in 2025, then grew by 2.7% to $22.4 million in 2026.
  • Business Quant data shows PEN's Research & Development at $22.4 million in Q1 2026, $21.8 million in Q4 2025, and $22.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Abbott Laboratories 154.42 Bn 147.76 Bn 6.27 Bn 767.00 Mn
2 Stryker 118.12 Bn 115.25 Bn 3.81 Bn 413.00 Mn
3 Medtronic 101.72 Bn 93.55 Bn 5.76 Bn 722.00 Mn
4 Boston Scientific 67.19 Bn 65.98 Bn 3.61 Bn 516.00 Mn
5 Edwards Lifesciences 50.69 Bn 47.02 Bn 1.29 Bn 263.30 Mn
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn -461.27 Mn
7 Dexcom 28.09 Bn 26.97 Bn 750.30 Mn 145.30 Mn
8 GE HealthCare Technologies 28.08 Bn 26.02 Bn 1.98 Bn 345.00 Mn
9 Steris 19.80 Bn 19.37 Bn 697.10 Mn 28.80 Mn
10 Penumbra 12.45 Bn 11.84 Bn 253.41 Mn 22.38 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 22.38 Mn
Dec 31, 2025 21.79 Mn
Sep 30, 2025 22.68 Mn
Jun 30, 2025 23.22 Mn
Mar 31, 2025 22.08 Mn
Dec 31, 2024 20.01 Mn
Sep 30, 2024 25.21 Mn
Jun 30, 2024 24.94 Mn
Mar 31, 2024 24.63 Mn
Dec 31, 2023 21.94 Mn
Sep 30, 2023 20.96 Mn
Jun 30, 2023 21.54 Mn
Mar 31, 2023 19.99 Mn
Dec 31, 2022 17.96 Mn
Sep 30, 2022 21.32 Mn
Jun 30, 2022 19.56 Mn
Mar 31, 2022 20.56 Mn
Dec 31, 2021 52.00 Mn
Sep 30, 2021 16.73 Mn
Jun 30, 2021 17.74 Mn