Financial Statements — PEN
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.24 | 0.32 | 0.42 | 0.38 | 0.28 | 0.29 | 0.22 | 0.10 | 0.11 | 0.09 | 0.05 | 0.06 | 0.07 | 0.07 | 0.08 | 0.06 |
| Accounts Receivable | 0.18 | 0.18 | 0.18 | 0.17 | 0.18 | 0.20 | 0.19 | 0.21 | 0.21 | 0.21 | 0.19 | 0.19 | 0.14 | -- | 0.14 | 0.13 |
| Inventory | 0.44 | 0.43 | 0.43 | 0.42 | 0.39 | 0.37 | 0.40 | 0.37 | 0.36 | 0.34 | 0.32 | 0.30 | 0.27 | -- | 0.25 | 0.25 |
| Total Current Assets | 1.28 | 1.14 | 1.07 | 1.00 | 0.89 | 0.94 | 0.94 | 0.87 | 0.83 | 0.79 | 0.72 | 0.72 | 0.69 | -- | 0.65 | 0.64 |
| Property, Plant & Equipment | 0.13 | 0.10 | 0.08 | 0.07 | 0.06 | 0.06 | 0.08 | 0.07 | 0.07 | 0.07 | 0.06 | 0.06 | 0.06 | -- | 0.05 | 0.05 |
| Goodwill | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | 0.17 | -- | 0.01 | 0.01 |
| Intangible Assets | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.07 | 0.07 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 0.62 | 0.60 | 0.61 | 0.59 | 0.59 | 0.59 | 0.64 | 0.60 | 0.60 | 0.61 | 0.60 | 0.61 | 0.61 | -- | 0.26 | 0.21 |
| Total Assets | 1.90 | 1.74 | 1.67 | 1.59 | 1.48 | 1.53 | 1.58 | 1.47 | 1.43 | 1.40 | 1.32 | 1.33 | 1.30 | -- | 0.91 | 0.84 |
| Accounts Payable | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.01 | -- | 0.01 | 0.02 |
| Total Current Liabilities | 0.21 | 0.17 | 0.16 | 0.16 | 0.15 | 0.15 | 0.15 | 0.15 | 0.14 | 0.15 | 0.14 | 0.15 | 0.13 | -- | 0.11 | 0.11 |
| Total Non-current Liabilities* | 0.21 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.22 | 0.21 | 0.21 | 0.21 | -- | 0.13 | 0.08 |
| Total Liabilities | 0.42 | 0.39 | 0.38 | 0.38 | 0.37 | 0.37 | 0.38 | 0.36 | 0.37 | 0.37 | 0.35 | 0.36 | 0.34 | -- | 0.24 | 0.19 |
| Retained Earnings | 0.27 | 0.19 | 0.14 | 0.10 | 0.03 | 0.09 | 0.15 | 0.08 | 0.07 | 0.05 | 0.04 | 0.04 | 0.05 | -- | 0.06 | 0.05 |
| Total Stockholder Equity* | 1.47 | 1.36 | 1.29 | 1.21 | 1.10 | 1.16 | 1.20 | 1.10 | 1.07 | 1.02 | 0.97 | 0.97 | 0.96 | -- | 0.68 | 0.66 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 374.76 | 385.39 | 354.69 | 339.46 | 324.14 | 315.52 | 301.04 | 299.40 | 278.65 | 284.68 | 270.95 | 261.50 | 241.40 | 221.22 | 213.68 | 208.34 | 203.90 | 204.01 | 190.12 | 184.26 |
| Cost of Revenue | 121.35 | 123.26 | 114.27 | 115.45 | 108.26 | 104.80 | 100.73 | 136.57 | 97.52 | 97.69 | 93.23 | 94.64 | 90.33 | 82.79 | 78.35 | 74.31 | 76.48 | 78.56 | 70.21 | 65.57 |
| Gross Profit | 253.41 | 262.13 | 240.42 | 224.01 | 215.88 | 210.72 | 200.31 | 162.83 | 181.14 | 186.99 | 177.72 | 166.86 | 151.07 | 138.43 | 135.33 | 134.04 | 127.42 | 125.45 | 119.91 | 118.69 |
| Research & Development | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | 21.54 | 19.99 | -- | 21.32 | 19.56 | 20.56 | -- | 16.73 | 17.74 |
| Selling, General & Admin | 192.80 | 181.10 | 168.90 | 159.96 | 153.46 | 147.94 | 139.74 | 141.90 | 144.41 | 130.02 | 125.92 | 127.44 | 123.08 | 115.63 | 108.57 | 114.62 | 110.90 | 113.50 | 94.40 | 90.64 |
| Total Operating Expenses | 215.18 | 202.90 | 191.58 | 183.18 | 175.53 | 167.95 | 164.94 | 243.79 | 169.04 | 151.96 | 165.09 | 148.97 | 143.06 | 133.59 | 129.89 | 134.17 | 131.46 | 165.50 | 111.13 | 108.37 |
| Operating Income | 38.23 | 59.23 | 48.84 | 40.83 | 40.35 | 42.78 | 35.36 | (80.96) | 12.10 | 35.03 | 12.63 | 17.89 | 8.01 | 4.83 | 5.43 | (0.14) | (4.05) | (40.06) | 8.78 | 10.31 |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | 0.34 | 0.40 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | 41.69 | 63.63 | 52.33 | 45.31 | 43.86 | 44.34 | 39.78 | (77.87) | 14.63 | 38.16 | 13.30 | 19.54 | 8.65 | 7.13 | 3.04 | (1.17) | (5.10) | (40.95) | 7.78 | 10.20 |
| Tax Provision | 9.10 | 16.29 | 6.47 | 0.04 | 4.64 | 10.66 | 10.25 | (17.67) | 3.62 | (16.06) | 4.09 | 0.58 | 0.09 | 3.25 | 5.31 | 2.52 | (5.18) | (16.32) | (0.25) | 1.90 |
| Net Income | 32.58 | 47.34 | 45.85 | 45.27 | 39.22 | 33.68 | 29.53 | (60.20) | 11.00 | 54.22 | 9.21 | 18.96 | 8.56 | 3.88 | (2.27) | (3.69) | 0.08 | (24.63) | 8.85 | 9.23 |
| Basic EPS | 0.83 | 1.21 | 1.17 | 1.17 | 1.02 | 0.87 | 0.76 | (1.55) | 0.28 | 1.42 | 0.24 | 0.49 | 0.22 | 0.11 | (0.06) | (0.10) | 0.00 | (0.67) | 0.24 | 0.25 |
| Diluted EPS | 0.82 | 1.20 | 1.17 | 1.15 | 1.00 | 0.88 | 0.75 | (1.55) | 0.28 | 1.39 | 0.23 | 0.48 | 0.22 | 0.11 | (0.06) | (0.10) | 0.00 | (0.67) | 0.24 | 0.25 |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 86.97 | 86.48 | 58.26 | 44.95 | 48.97 | 51.11 | 56.47 | 22.61 | 38.30 | 36.26 | 30.84 | 17.10 | 13.13 | 1.34 | (12.91) | (39.58) | (4.51) | (9.27) | 36.45 | (3.31) |
| Capital Expenditures | 13.67 | 18.43 | 16.25 | 15.58 | 13.47 | 5.37 | 5.45 | 4.54 | 5.82 | 3.65 | 3.33 | 4.34 | 3.89 | 3.56 | 6.35 | 4.43 | 4.96 | 8.09 | 5.80 | 3.30 |
| Free Cash Flow* | 73.30 | 68.05 | 42.01 | 29.37 | 35.50 | 45.74 | 51.02 | 18.08 | 32.47 | 32.62 | 27.51 | 12.76 | 9.24 | (2.22) | (19.26) | (44.01) | (9.47) | (17.36) | 30.65 | (6.60) |
| Investing Cash Flow | (30.63) | (225.65) | (162.86) | (15.58) | (0.50) | (10.95) | 35.72 | 34.47 | 18.38 | 24.28 | (44.40) | (6.67) | 10.71 | 8.63 | 9.79 | 20.66 | 15.71 | (1.34) | (49.83) | 26.35 |
| Financing Cash Flow | (1.91) | 5.06 | 3.95 | 14.82 | 2.71 | 6.07 | (100.55) | 8.27 | (0.79) | 5.92 | 0.21 | 8.69 | 1.38 | 5.74 | (0.60) | 9.13 | (2.64) | 2.96 | (2.68) | 3.17 |
* Derived from reported values
