Penumbra (PEN) Research & Development (2014 - 2026)
Penumbra (PEN) reported Research & Development of $25.36 million for Q3 2026, up 11.8% from $22.68 million a year earlier but down 0.1% from the prior quarter.
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Analysis
Penumbra (PEN) Research & Development (2014 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Penumbra's Research & Development came in at $94.93 million, up 7.9% year-over-year; for FY2025, it was $89.77 million, down 5.3% from FY2024.
- Research & Development has a five-year compound annual growth rate of -0.1% (FY2020 to FY2025).
- By year, Research & Development came in at $94.78 million in FY2024 (+12.3%), $84.42 million in FY2023 (+6.3%), $79.41 million in FY2022 (-24.1%) and $104.55 million in FY2021 (+16.1%).
- Five-year quarterly Research & Development spans a low of $17.96 million in Q4 2022 and a high of $52 million in Q4 2021.
- Year over year, Research & Development has now increased in each of the last four quarters, with an average decline of 0.6% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q4 2021 (growth of 167.3%); the low point was Q4 2022 (a decline of 65.5%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $25.4 million (Q2 2026), $22.38 million (Q1 2026) and $21.79 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 348.00 Mn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 920.00 Mn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 433.00 Mn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 408.30 Mn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 771.00 Mn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 433.00 Mn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 520.00 Mn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 281.40 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | - |
| 10 | Penumbra | 12.67 Bn | 10.17 Bn | 280.30 Mn | 25.36 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 25.36 Mn |
| Jun 30, 2026 | 25.40 Mn |
| 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 |
API Access
Penumbra Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=PEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "PEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=PEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();