Penumbra, Inc.
Built from real-time financials, refreshed daily. For a full Analyst Grade with bull/bear case, price targets, and qualitative risk analysis, generate a PEN research report →
Price Chart
About the company
Penumbra, Inc. , together with its subsidiaries, designs, develops, manufactures, and markets medical devices in the United States and internationally. It offers computer-assisted vacuum thrombectomy; peripheral thrombectomy products, including the Indigo System for power aspiration of thrombus in the body; Lightning Flash, a mechanical thrombectomy system; Lightning Bolt 7, an arterial thrombectomy system; and CAT RX.
- CEO
- Adam Elsesser
- IPO
- 2015
- Employees
- 4,700
- HQ
- Alameda, CA, US
Get TickerSpark's AI analysis on PEN
Create an account to generate AI analysis on any ticker — technical setup, analyst consensus, earnings watch, insider pulse, financial health, and peer context. Ready in about a minute.
Get Pro Access →Already have an account? Log in
Similar companies
Peers in the same neighborhood.
- Market Cap
- $12.52B
- P/E
- 77.70
- Fwd P/E
- 67.50
- PEG
- 11.45
- P/S
- 8.32
- P/B
- 8.16
- EV/EBITDA
- 56.35
- Div Yield
- 0.00%
- Gross Margin
- 67.84%
- Op Margin
- 12.45%
- Net Margin
- 10.67%
- ROE
- 11.09%
- ROIC
- 8.40%
Latest fiscal year · YoY change
- Revenue
- $1.40B+17.5%
- Gross Profit
- $942.44M+24.8%
- Op Income
- $189.25M
- Net Income
- $177.69M+1168.1%
- EPS
- $4.57+1169.4%
- OCF Growth
- +41.7%
- FCF Growth
- +18.8%
- 52W High
- $362.41
- 52W Low
- $221.26
- 50D MA
- $321.59
- 200D MA
- $326.88
- Beta
- 0.70
- RSI (14)
- 42
- Avg Volume
- 343.09K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Penumbra posted a strong Q3 with 17.8% reported revenue growth, margin expansion, and an upbeat read-through from STORM-PE that management believes could expand PE treatment adoption.· November 5, 2025
- Q3 revenue was $354.7 million, up 17.8% reported and 16.9% constant currency, with U.S. growth of 21.5% and international growth returning to 6.6%.
- Gross margin was 67.8%, up from 66.5% last year and up 180 basis points sequentially; operating income was $48.8 million, or 13.8% of revenue.
- U.S. thrombectomy grew 18.5% to $192 million, while embolization and access grew 29.2% in the U.S. and 22% globally, helped by Ruby XL and the expanded embolization sales force.
- Management raised full-year revenue guidance to $1.375 billion-$1.380 billion and reiterated 20%-21% U.S. thrombectomy growth for 2025.
- STORM-PE was presented as a key catalyst: management said the trial showed CAVT superior on primary and multiple secondary endpoints, with a comparable safety profile and strong physician reaction.
Penumbra reported third-quarter 2025 revenue of $354.7 million, up 17.8% reported and 16.9% constant currency versus Q3 2024. U.S. revenue was $275 million, up 21.5%, and international revenue was $79.7 million, up 6.6% reported and 3% constant currency. Global thrombectomy revenue was $236.4 million, up 15.8% reported and 15.1% constant currency; embolization and access revenue was $118.3 million, up 22% reported and 20.8% constant currency. Gross margin was 67.8% versus 66.5% a year ago, operating income was $48.8 million versus $40.3 million a year ago, and adjusted EBITDA was $66.7 million versus $56.7 million a year ago. The company raised full-year 2025 revenue guidance to $1.375 billion-$1.380 billion and reiterated 20%-21% year-over-year growth for U.S. thrombectomy; it also maintained previously stated gross and operating margin expansion guidance.
Adam Elsesser framed the quarter as broad-based execution across the portfolio, with U.S. thrombectomy, embolization, and international all contributing. He emphasized that STORM-PE could be a major catalyst for PE treatment adoption, saying the medical community’s reaction has been strongly positive and that he expects more protocol changes and more patients treated with CAVT. He also highlighted Thunderbolt as a new neuro product awaiting FDA clearance, but kept comments cautious and process-oriented.
Maggie Yuen highlighted the quarter’s financial leverage: gross margin improved to 67.8% from 66.5% last year and rose 180 basis points sequentially, helped by favorable regional and product mix plus productivity gains. She said SG&A rose to $168.9 million, reflecting the embolization sales team build-out, but noted that the investment is now largely complete and should allow more leverage going forward. She also said cash, cash equivalents, and marketable securities were $470.3 million with no debt, up $45.7 million sequentially, and that positive operating cash flow trends should continue.
Analysts focused heavily on Thunderbolt and STORM-PE. Management said Thunderbolt remains under FDA review with all outstanding questions already answered, but they declined to speculate on timing or additional requests; they also said they have not seen shutdown-related delays so far. On STORM-PE, management said the reaction from interventionalists and non-interventionalists has been very positive, with physicians already starting to switch away from older PE technologies and some hospitals expected to update protocols over the coming year.
The bull case is that Penumbra is showing strong top-line growth while expanding margins, with especially strong U.S. performance and a rebound in international growth. Management believes STORM-PE, product launches like Ruby XL, Bolt 7/Bolt 6X, and future products such as Thunderbolt and Flash 3.0 could extend share gains and increase procedure adoption.
The main risks raised were China-related international headwinds, which management said are still present but should fade gradually, and a softer U.S. stroke market that has been a drag on thrombectomy growth. Thunderbolt remains unapproved and timing is uncertain, and management acknowledged they are still in FDA back-and-forth mode without clarity on whether more testing or questions will be required.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 97.2%
- Shares Outstanding
- 39.39M
- Float Shares
- 38.29M
of shares held by institutions
499 13F filers
Congressional trading
Senate and House stock disclosures for PEN, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Lisa C. McClainHouse · MI09 | Sell | Jul 10, 25 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Jun 27, 22 | Filing → |
| Ro KhannaHouse · CA17 | Buy | May 10, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | May 23, 22 | Filing → |
| Ro KhannaHouse · CA17 | Buy | May 5, 22 | Filing → |
| Ro KhannaHouse · CA17 | Sell | Jan 11, 22 | Filing → |
| Ro KhannaHouse · CA17 | Buy | Jan 21, 22 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Blackrock, Inc. | 4.30M | ▼ 32.90K |
| Vanguard Group Inc | 3.77M | ▼ 64.91K |
| Hbk Investments L P | 1.84M | ▲ 204.25K |
| Vanguard Capital Management LLC | 1.71M | ▲ 15.39K |
| Vanguard Portfolio Management LLC | 1.67M | ▲ 12.80K |
| State Street Corp | 1.24M | ▲ 57.45K |
| Exoduspoint Capital Management, LP | 1.09M | ▲ 625.22K |
| Balyasny Asset Management L.P. | 1.09M | ▲ 328.07K |
| Jpmorgan Chase & Co | 1.07M | ▲ 668.84K |
| Goldman Sachs Group Inc | 847.10K | ▲ 126.53K |
| Arrowstreet Capital, Limited Partnership | 834.90K | ▲ 434.74K |
| Geode Capital Management, LLC | 796.47K | ▲ 1.02K |
Held by 450 ETFs
Biggest fund positions in PEN by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Sep 15, 26 | Narayan Shruthi | other | 1,230 |
| Aug 17, 26 | Narayan Shruthi | other | 3,060 |
| May 19, 26 | Elsesser Adam | other | 77,000 |
| Apr 2, 26 | Grewal Harpreet | sell | 100 |
| Mar 15, 26 | Narayan Shruthi | other | 117 |
| Mar 15, 26 | Roberts Johanna | other | 186 |
| Mar 15, 26 | Yuen Maggie | other | 186 |
| Mar 15, 26 | Shiu Lambert | other | 150 |
| Mar 2, 26 | Yuen Maggie | sell | 2,432 |
| Feb 13, 26 | Grewal Harpreet | other | 589 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our PEN coverage
Recent articles, reports, and earnings notes.
No research on PEN yet
For a full analyst-grade research report — grades, price targets, financials, chart analysis — generate one on demand.
Generate PEN report →New STORM-PE Data Demonstrate Correlation Between Clinical Assessments and Real-world Functional Recovery Captured Through Wearable Technology in Patients with Pulmonary Embolism
prnewswire.com · Oct 6
IART vs. PEN: Which Stock Is the Better Value Option?
zacks.com · Oct 1
Penumbra (NYSE:PEN) Stock Price Breaks Below Fifty Day Moving Average – What’s Next?
defenseworld.net · Sep 30
IART or PEN: Which Is the Better Value Stock Right Now?
zacks.com · Sep 29
Reasons to Retain Penumbra Stock in Your Portfolio for Now
zacks.com · Sep 16
TFX vs. PEN: Which Stock Is the Better Value Option?
zacks.com · Sep 11
Connor Clark & Lunn Investment Management Ltd. Buys New Position in Penumbra, Inc. $PEN
defenseworld.net · Aug 30
TFX or PEN: Which Is the Better Value Stock Right Now?
zacks.com · Aug 26
Headlines from third-party outlets — TickerSpark isn't affiliated with these sources.