Penumbra Inc Earnings Per Share Disclosure
| Year Ended December 31, | ||||||||||||||||||||
| 2025 | 2024 | 2023 | ||||||||||||||||||
| Numerator: | ||||||||||||||||||||
| Net income | $ | 177,687 | $ | 14,012 | $ | 90,954 | ||||||||||||||
| Denominator: | ||||||||||||||||||||
| Weighted average shares used to compute net income attributable to common stockholders: | ||||||||||||||||||||
| Basic | 38,918,493 | 38,633,744 | 38,401,171 | |||||||||||||||||
| Potential dilutive stock-based options and awards, as calculated using treasury stock method | 373,335 | 634,293 | 815,393 | |||||||||||||||||
| Diluted | 39,291,828 | 39,268,037 | 39,216,564 | |||||||||||||||||
| Net income per share from: | ||||||||||||||||||||
| Basic | $ | 4.57 | $ | 0.36 | $ | 2.37 | ||||||||||||||
| Diluted | $ | 4.52 | $ | 0.36 | $ | 2.32 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2016 | Feb 28, 2017 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.