R&D expense · 2013–2025

Penumbra R&D expense

$89.8M−5.3% · FY2025

Penumbra (PEN) reported $89.8M in R&D expense for fiscal 2025, −5.3% year on year.

$14.1M2013$15.6M2014$18.0M2015$23.9M2016$31.7M2017$36.2M2018$51.7M2019$90.0M2020$105M2021$79.4M2022$84.4M2023$94.8M2024$89.8M2025
Penumbra — R&D expense, 2013–2025
Fiscal yearR&D expenseChangeFiling
FY20252025-12-31$89.8M−5.3%Open →
FY20242024-12-31$94.8M+12.3%Open →
FY20232023-12-31$84.4M+6.3%Open →
FY20222022-12-31$79.4M−24.1%Open →
FY20212021-12-31$105M+16.1%Open →
FY20202020-12-31$90.0M+74.1%Open →
FY20192019-12-31$51.7M+43.0%Open →
FY20182018-12-31$36.2M+14.2%Open →
FY20172017-12-31$31.7M+32.6%Open →
FY20162016-12-31$23.9M+32.4%Open →
FY20152015-12-31$18.0M+15.7%Open →
FY20142014-12-31$15.6M+10.6%Open →
FY20132013-12-31$14.1M—Open →

R&D expense — Research and development expense is what the company charged to R&D in the income statement for the year. Most companies report no R&D at all — the line is absent rather than zero — so this ranking covers the roughly 40% of filers that do.

Every row links to its own SEC filing · Fiscal year 2025 · Data as of September 25, 2026 · 2013–2025 compound annual growth +16.7%

R&D expense at companies of similar size

Full ranking by R&D expense →

Cite this page

Ready-made references for the figures on this page, as published on September 25, 2026.

Wikipedia

{{cite web |title=Penumbra R&D expense |url=https://companiesranked.com/en/company/penumbra/research-and-development-expense |website=CompaniesRanked |date=2026-09-25 |language=en}}

APA 7

CompaniesRanked. (September 25, 2026). Penumbra R&D expense. CompaniesRanked. https://companiesranked.com/en/company/penumbra/research-and-development-expense

BibTeX

@misc{companiesranked-en-company-penumbra-research-and-development-expense-2026,
  author       = {{CompaniesRanked}},
  title        = {{Penumbra R\&D expense}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/company/penumbra/research-and-development-expense}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

The filing itself

The numbers above are read from this document: 10-K · 0001321732-26-000007 · February 25, 2026

{{cite web |title=Penumbra R&D expense — 10-K (0001321732-26-000007) |url=https://www.sec.gov/Archives/edgar/data/1321732/000132173226000007/pen-20251231.htm |website=SEC EDGAR |publisher=U.S. Securities and Exchange Commission |date=2026-02-25}}

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