Penumbra Inc (PEN) - Dilution Analysis

Visualizing historical and potential share dilution over time

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Dilution Analysis

Low Risk

Limited dilution potential

Last updated: November 05, 2025

Risk Assessment Details

Potential Dilution: 0.0% of current shares

Recent Dilution: 1.39% (2 years)

Historical Dilution Factor: minimal recent dilution

Outstanding Shares

39M

Potential Supply

Additional shares possible

Splits

None

Past 2 years

Summary

PEN currently has 39.1M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 1.39% over the past 2 years.

Share Structure Timeline

Outstanding Shares

Total Supply

Historical Data Points

Date	Event	Outstanding
Nov 05, 2025	10-Q filing \| 39.1M shares outstanding	39M
Jul 29, 2025	10-Q filing \| 38.8M shares outstanding	39M
Apr 23, 2025	10-Q filing \| 38.6M shares outstanding	39M
Feb 18, 2025	10-K filing \| 38.6M shares outstanding	39M
Oct 30, 2024	10-Q filing \| 38.6M shares outstanding	39M
Jul 30, 2024	10-Q filing \| 38.8M shares outstanding	39M
May 07, 2024	10-Q filing \| 38.7M shares outstanding	39M
Feb 22, 2024	10-K filing \| 38.4M shares outstanding	38M
Nov 02, 2023	10-Q filing \| 38.5M shares outstanding	38M
Aug 01, 2023	10-Q filing \| 38.3M shares outstanding	38M
May 02, 2023	10-Q filing \| 38.2M shares outstanding	38M
Feb 23, 2023	10-K filing \| 37.8M shares outstanding	38M
Nov 03, 2022	10-Q filing \| 37.9M shares outstanding	38M
Aug 05, 2022	10-Q filing \| 37.8M shares outstanding	38M
May 03, 2022	10-Q filing \| 37.6M shares outstanding	38M
Feb 22, 2022	10-K filing \| 37.9M shares outstanding	38M
Nov 03, 2021	10-Q filing \| 37.6M shares outstanding	38M
Aug 09, 2021	10-Q filing \| 36.5M shares outstanding	37M
May 04, 2021	10-Q filing \| 36.5M shares outstanding	36M
Feb 23, 2021	10-K filing \| 35.8M shares outstanding	36M
Nov 02, 2020	10-Q filing \| 36.2M shares outstanding	36M
Aug 03, 2020	10-Q filing \| 35.4M shares outstanding	35M
Jun 01, 2020	8-K filing: Penumbra, Inc. sold 865,963 shares of common stock in a public offering, receiving net proceeds of approximately $135.1 million. ($135.1M proceeds)	35M
May 07, 2020	10-Q filing \| 35.0M shares outstanding	35M
Feb 26, 2020	10-K filing \| 34.8M shares outstanding	35M

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