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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 321,029 $ 324,404
Marketable investments 149,267 15,727
Accounts receivable, net of allowance for credit losses of $2,350 and $5,638 at September 30, 2025 and December 31, 2024, respectively 183,430 167,668
Inventories 432,365 406,737
Prepaid expenses and other current assets 55,429 36,589
Total current assets 1,141,520 951,125
Property and equipment, net 97,730 62,641
Operating lease right-of-use assets 170,715 177,787
Finance lease right-of-use assets 26,790 28,018
Intangible assets, net 6,368 6,513
Goodwill 166,748 165,826
Deferred taxes 94,478 100,332
Other non-current assets 40,020 40,939
Total assets 1,744,369 1,533,181
Current liabilities:    
Accounts payable 29,821 31,326
Accrued liabilities 124,273 112,429
Current operating lease liabilities 13,086 12,221
Current finance lease liabilities 2,423 2,369
Total current liabilities 169,603 158,345
Non-current operating lease liabilities 180,313 187,068
Non-current finance lease liabilities 21,223 21,731
Other non-current liabilities 14,534 15,106
Total liabilities 385,673 382,250
Commitments and contingencies
Stockholders’ equity:    
Common stock 39 38
Additional paid-in capital 1,165,195 1,096,732
Accumulated other comprehensive income (loss) 3,114 (5,843)
Retained earnings 190,348 60,004
Total Penumbra, Inc. stockholders’ equity 1,358,696 1,150,931
Total liabilities and stockholders’ equity $ 1,744,369 $ 1,533,181