Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $263M | $334M | $445M | $547M | $560M | $748M | $847M | $1.06B | $1.19B | $1.40B |
| Revenue growth | — | 26.8% | 33.3% | 23.0% | 2.4% | 33.4% | 13.3% | 25.0% | 12.9% | 17.5% |
| Gross profit | $171M | $217M | $293M | $372M | $338M | $475M | $535M | $683M | $755M | $942M |
| Gross margin | 64.9% | 65.1% | 65.7% | 68.0% | 60.3% | 63.6% | 63.2% | 64.5% | 63.2% | 67.1% |
| Operating income | -$1.35M | $1.17M | -$852K | $47.5M | -$38.9M | -$7.50M | $6.08M | $73.6M | $9.28M | $189M |
| Operating margin | -0.5% | 0.3% | -0.2% | 8.7% | -6.9% | -1.0% | 0.7% | 6.9% | 0.8% | 13.5% |
| Net income | $14.8M | $4.66M | $6.60M | $48.5M | -$15.7M | $5.28M | -$2.00M | $91.0M | $14.0M | $178M |
| Net margin | 5.6% | 1.4% | 1.5% | 8.9% | -2.8% | 0.7% | -0.2% | 8.6% | 1.2% | 12.7% |
| EPS (diluted) | $0.44 | $0.13 | $0.18 | $1.34 | -$0.44 | $0.14 | -$0.05 | $2.32 | $0.36 | $4.52 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$12.8M | $12.7M | $28.8M | $26.7M | -$33.2M | $9.50M | -$55.7M | $97.3M | $168M | $239M |
| Capital expenditures | $13.6M | $12.5M | $9.60M | $22.1M | $24.8M | $21.2M | $19.3M | $15.2M | $21.2M | $63.7M |
| Free cash flow | -$26.4M | $159K | $19.2M | $4.54M | -$58.0M | -$11.7M | -$75.0M | $82.1M | $147M | $175M |
| Share buybacks | — | — | — | — | — | — | $0.00 | $0.00 | $100M | $0.00 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $13.2M | $50.6M | $67.8M | $72.8M | $69.7M | $59.4M | $69.9M | $167M | $324M | $187M |
| Total assets | $308M | $477M | $515M | $558M | $823M | $1.24B | $1.37B | $1.56B | $1.53B | $1.83B |
| Total liabilities | $41.7M | $76.3M | $92.6M | $135M | $185M | $290M | $372M | $377M | $382M | $399M |
| Shareholders' equity | $267M | $400M | $422M | $486M | $641M | $954M | $999M | $1.18B | $1.15B | $1.43B |
| Retained earnings | -$2.66M | $2.00M | $9.06M | $57.5M | $40.6M | $45.9M | $43.9M | $135M | $60.0M | $238M |
| Shares (wtd avg diluted) | 33.5M | 35.3M | 36.1M | 36.3M | 35.8M | 37.9M | 37.8M | 39.2M | 39.3M | 39.3M |
Every figure is extracted from Penumbra Inc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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