---
schema_version: "secwatch.filing_event.v1"
accession: "0001321732-23-000032"
form_type: "8-K"
ticker: "PEN"
cik: "0001321732"
company_name: "Penumbra Inc"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:03:28.862092+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "medium"
source: SEC EDGAR
---

# Penumbra Q4 2022 revenue $221.2M, up 8.4% YoY; operating income $4.8M vs loss $40.1M

## Summary
- Q4 revenue $221.2M (+8.4% YoY, +10.5% constant currency); full year $847.1M (+13.3%).
- US revenue Q4 $157.1M (+8.8%); vascular product revenue $129.7M (+14.2%), neuro $91.5M (+1.2%).
- Gross margin improved to 62.6% from 61.5% YoY.
- Operating income $4.8M vs loss $40.1M in Q4 2021; non-GAAP operating income $7.2M vs $2.5M.
- Full year revenue $847.1M, up 13.3% YoY; US revenue $591.7M (+12.1%).

## SEC filing metadata
- accession: 0001321732-23-000032
- form_type: 8-K
- ticker: PEN
- cik: 0001321732
- company_name: Penumbra Inc
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1321732/000132173223000032/0001321732-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1321732/000132173223000032/pen-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001321732-23-000032
- JSON: https://secwatch.observer/filing/0001321732-23-000032.json
- Plain text: https://secwatch.observer/filing/0001321732-23-000032.txt

## Key facts
- Earnings Releases
  Penumbra Inc reported the fourth quarter ended December 31, 2022 results: revenue $221.2 million.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $221.2 million
  - Result: reported results
  source text: Revenue of $221.2 million for the fourth quarter of 2022, an increase of 8.4% compared to revenue of $204.0 million for the fourth quarter of 2021, or an increase of 10.5% in constant currency (a non-GAAP measure) 1 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1321732/000132173223000032/0001321732-23-000032-index.htm
- Earnings Releases
  Penumbra Inc reported the full year ended December 31, 2022 results: revenue $847.1 million.
  - Period: the full year ended December 31, 2022
  - Revenue: $847.1 million
  - Result: reported results
  source text: Revenue of $847.1 million for the full year 2022, an increase of 13.3% compared to revenue of $747.6 million for the full year 2021, or an increase of 15.5% in constant currency 1 .
  evidence_url: https://www.sec.gov/Archives/edgar/data/1321732/000132173223000032/0001321732-23-000032-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.