v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 421,768 $ 324,404
Marketable investments 2,795 15,727
Accounts receivable, net of allowance for credit losses of $6,007 and $5,638 at June 30, 2025 and December 31, 2024, respectively 175,536 167,668
Inventories 427,628 406,737
Prepaid expenses and other current assets 37,757 36,589
Total current assets 1,065,484 951,125
Property and equipment, net 84,825 62,641
Operating lease right-of-use assets 174,059 177,787
Finance lease right-of-use assets 27,606 28,018
Intangible assets, net 6,552 6,513
Goodwill 166,752 165,826
Deferred taxes 109,141 100,332
Other non-current assets 40,390 40,939
Total assets 1,674,809 1,533,181
Current liabilities:    
Accounts payable 28,121 31,326
Accrued liabilities 114,389 112,429
Current operating lease liabilities 12,855 12,221
Current finance lease liabilities 2,396 2,369
Total current liabilities 157,761 158,345
Non-current operating lease liabilities 183,493 187,068
Non-current finance lease liabilities 21,785 21,731
Other non-current liabilities 17,819 15,106
Total liabilities 380,858 382,250
Commitments and contingencies
Stockholders’ equity:    
Common stock 39 38
Additional paid-in capital 1,146,260 1,096,732
Accumulated other comprehensive income (loss) 3,155 (5,843)
Retained earnings 144,497 60,004
Total Penumbra, Inc. stockholders’ equity 1,293,951 1,150,931
Total liabilities and stockholders’ equity $ 1,674,809 $ 1,533,181