v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 241,289 $ 186,897
Marketable investments 374,371 357,919
Accounts receivable, net of allowance for credit losses of $2,340 and $2,350 at March 31, 2026 and December 31, 2025, respectively. 183,295 190,021
Inventories 438,539 431,549
Prepaid expenses and other current assets 37,912 50,298
Total current assets 1,275,406 1,216,684
Property and equipment, net 134,059 117,436
Operating lease right-of-use assets 170,273 173,587
Finance lease right-of-use assets 25,209 25,972
Intangible assets, net 5,946 6,186
Goodwill 166,589 166,750
Deferred taxes 79,972 79,188
Other non-current assets 40,984 40,716
Total assets 1,898,438 1,826,519
Current liabilities:    
Accounts payable 43,658 34,736
Accrued liabilities 151,543 132,163
Current operating lease liabilities 14,144 13,841
Current finance lease liabilities 2,386 2,393
Total current liabilities 211,731 183,133
Non-current operating lease liabilities 179,424 182,751
Non-current finance lease liabilities 20,221 20,714
Other non-current liabilities 13,250 12,318
Total liabilities 424,626 398,916
Commitments and contingencies
Stockholders’ equity:    
Common stock 39 39
Additional paid-in capital 1,201,423 1,185,525
Accumulated other comprehensive income 2,075 4,348
Retained earnings 270,275 237,691
Total Penumbra, Inc. stockholders’ equity 1,473,812 1,427,603
Total liabilities and stockholders’ equity $ 1,898,438 $ 1,826,519