Penguin Solutions, Inc. (PENG)

Nasdaq Information Technology Semiconductors S&P SmallCap 600

$41.83

+4.61 (+12.39%)

Close of Nov 06, 2026 · end-of-day data

Source: Penguin Solutions, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$761.29M	$1.29B	$1.21B	$1.12B	$1.06B	$1.40B	$1.44B	$1.17B	$1.37B	$1.73B
Cost of revenue	$599.04M	$997.24M	$974.47M	$905.98M	$817.56M	$1.00B	$1.03B	$830.02M	$974.52M	$1.25B
Gross profit	$162.25M	$291.59M	$237.53M	$216.40M	$237.97M	$391.05M	$415.17M	$340.78M	$394.27M	$478.93M
Research & development	$38.16M	$39.82M	$47.92M	$52.06M	$59.93M	$77.47M	$90.56M	$81.54M	$79.80M	$81.68M
Selling, general & admin	$66.76M	$84.54M	$103.23M	$123.01M	$158.17M	$204.84M	$260.72M	$233.88M	$238.18M	$220.41M
Operating income	$53.87M	$170.22M	$89.08M	$41.33M	-$15.71M	$67.18M	$8.74M	$18.30M	$58.13M	$165.60M
Pre-tax income	$2.12M	$137.78M	$66.20M	$9.36M	-$32.27M	$42.48M	-$39.51M	-$31.17M	$48.90M	$151.92M
Income tax	$9.91M	$18.32M	$14.87M	$10.50M	$9.69M	$18.07M	-$49.20M	$10.62M	$20.07M	-$33.87M
Net income	-$7.79M	$119.46M	$51.33M	-$1.14M	$21.31M	$66.56M	-$187.53M	-$52.47M	$25.39M	$180.62M
EBITDA	$87.11M	$196.40M	$118.29M	$77.76M	$19.23M	$113.84M	$80.38M	$84.01M	$114.35M	$215.77M
EPS (basic)	$-0.49	$5.42	$2.24	$-0.02	$0.44	$1.35	$-3.78	$-1.00	$0.29	$2.85
EPS (diluted)	$-0.49	$5.17	$2.19	$-0.02	$0.44	$1.22	$-3.65	$-1.00	$0.28	$2.60
Diluted shares	15.79M	23.12M	23.47M	47.99M	48.56M	54.44M	51.32M	52.43M	54.37M	58.83M
Gross margin	21.3%	22.6%	19.6%	19.3%	22.5%	28.0%	28.8%	29.1%	28.8%	27.7%
Operating margin	7.1%	13.2%	7.3%	3.7%	-1.5%	4.8%	0.6%	1.6%	4.2%	9.6%
Net margin	-1.0%	9.3%	4.2%	-0.1%	2.0%	4.8%	-13.0%	-4.5%	1.9%	10.4%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$22.44M	$31.38M	$98.14M	$150.81M	$222.99M	$313.33M	$365.56M	$383.15M	$453.75M	$647.21M
Short-term investments	—	—	—	—	—	$0	$25.25M	$6.34M	$0	—
Receivables	$183.30M	$237.21M	$217.43M	$215.92M	$313.39M	$355.00M	$219.25M	$251.74M	$307.90M	$796.26M
Inventory	$127.14M	$221.42M	$118.74M	$162.99M	$363.60M	$263.77M	$174.98M	$151.21M	$255.18M	$748.78M
Total current assets	$346.99M	$522.05M	$472.26M	$556.71M	$950.82M	$1.15B	$907.40M	$867.70M	$1.06B	$2.25B
Goodwill	$46.02M	$45.39M	$81.42M	$73.95M	$74.25M	$55.12M	$161.96M	$161.96M	$145.90M	$145.90M
Total assets	$480.03M	$672.76M	$704.14M	$786.61M	$1.34B	$1.57B	$1.51B	$1.47B	$1.62B	$2.78B
Total current liabilities	$239.87M	$295.79M	$237.90M	$282.49M	$583.80M	$515.54M	$426.25M	$327.60M	$473.90M	$1.20B
Short-term debt	$22.84M	$27.41M	$24.05M	—	$25.35M	$8.47M	$35.62M	$0	$19.95M	$53.42M
Long-term debt	$154.45M	$184.19M	$182.45M	$195.57M	$340.48M	$575.68M	$754.82M	$657.35M	$441.89M	$735.53M
Total debt	$177.29M	$211.60M	$206.50M	$195.57M	$365.84M	$584.15M	$790.44M	$657.35M	$461.84M	$788.95M
Total liabilities	$397.63M	$485.63M	$430.68M	$504.50M	$1.03B	$1.19B	$1.28B	$1.08B	$1.01B	$2.04B
Shareholders' equity	$82.40M	$187.13M	$273.46M	$282.10M	$310.25M	$371.61M	$222.47M	$391.38M	$394.25M	$520.74M

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	-$933.00K	$67.91M	$169.66M	$87.20M	$153.35M	$104.93M	$104.39M	$77.19M	$109.08M	-$151.91M
Capital expenditures	$18.68M	$25.74M	$33.43M	$32.45M	$16.67M	$20.36M	$39.42M	$19.42M	$9.01M	$11.57M
Free cash flow	-$19.61M	$42.17M	$136.22M	$54.76M	$136.68M	$84.57M	$64.97M	$57.76M	$100.07M	-$163.48M
Investing cash flow	-$18.03M	-$67.75M	-$109.44M	-$32.04M	-$84.18M	-$38.97M	-$298.57M	$107.58M	$24.97M	$58.09M
Financing cash flow	-$16.98M	$7.94M	$100.00K	$12.59M	$2.85M	$73.88M	$236.42M	-$210.10M	-$63.46M	$287.28M
Share buybacks	—	—	$520.00K	$749.00K	$48.51M	$57.23M	$24.67M	$21.31M	$52.32M	$74.43M
Stock-based compensation	$5.36M	$10.56M	$18.20M	$18.72M	$30.96M	$37.28M	$39.23M	$43.16M	$41.18M	$31.82M
Depreciation & amortization	$33.24M	$26.18M	$29.21M	$36.43M	$34.94M	$46.66M	$71.63M	$65.72M	$56.22M	$50.18M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Revenue	$274.25M	$284.82M	$300.58M	$311.15M	$341.10M	$365.52M	$324.25M	$337.92M	$343.07M	$343.00M	$478.71M	$566.68M
Cost of revenue	$191.40M	$202.89M	$211.67M	$224.06M	$243.29M	$260.87M	$229.17M	$241.19M	$246.96M	$249.30M	$345.50M	$410.79M
Gross profit	$82.85M	$81.93M	$88.91M	$87.09M	$97.81M	$104.65M	$95.08M	$96.73M	$96.11M	$93.70M	$133.21M	$155.90M
Research & development	$21.39M	$20.53M	$19.68M	$19.94M	$19.81M	$19.91M	$20.22M	$19.86M	$18.69M	$18.98M	$21.98M	$22.02M
Selling, general & admin	$57.22M	$61.38M	$57.25M	$58.03M	$60.54M	$59.31M	$59.72M	$58.60M	$53.09M	$47.99M	$59.40M	$59.93M
Operating income	$1.30M	-$3.31M	$11.51M	$8.79M	$17.36M	$18.49M	$9.84M	$12.45M	$19.58M	$25.69M	$50.86M	$69.46M
Pre-tax income	-$7.68M	-$10.81M	$4.90M	-$17.58M	$12.32M	$16.51M	$10.71M	$9.35M	$7.86M	$52.95M	$53.70M	$37.41M
Income tax	$3.53M	$2.20M	-$1.32M	$6.21M	$6.36M	$7.64M	$7.26M	-$1.20M	$1.80M	$14.41M	$7.51M	-$57.59M
Net income	-$19.92M	-$13.62M	$5.62M	-$24.55M	$5.22M	$8.08M	$2.66M	$9.43M	$5.27M	$37.45M	$44.69M	$93.20M
EBITDA	$18.96M	$13.84M	$27.04M	$24.17M	$32.32M	$32.52M	$23.86M	$25.65M	$32.40M	$38.44M	$63.17M	$81.76M
EPS (basic)	$-0.38	$-0.26	$0.11	$-0.47	$0.10	$0.09	$-0.01	$0.11	$0.04	$0.59	$0.73	$1.50
EPS (diluted)	$-0.38	$-0.26	$0.10	$-0.47	$0.10	$0.09	$-0.01	$0.10	$0.04	$0.58	$0.68	$1.31
Diluted shares	52.07M	52.03M	54.28M	53.07M	54.31M	54.38M	53.74M	54.37M	54.99M	53.19M	55.06M	64.04M
Gross margin	30.2%	28.8%	29.6%	28.0%	28.7%	28.6%	29.3%	28.6%	28.0%	27.3%	27.8%	27.5%
Operating margin	0.5%	-1.2%	3.8%	2.8%	5.1%	5.1%	3.0%	3.7%	5.7%	7.5%	10.6%	12.3%
Net margin	-7.3%	-4.8%	1.9%	-7.9%	1.5%	2.2%	0.8%	2.8%	1.5%	10.9%	9.3%	16.4%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Cash & equivalents	$529.06M	$442.33M	$453.79M	$383.15M	$370.30M	$621.68M	$709.87M	$453.75M	$461.45M	$489.17M	$440.30M	$647.21M
Short-term investments	$24.39M	$23.44M	$13.75M	$6.34M	$23.43M	$25.32M	$25.68M	$0	$0	—	—	—
Receivables	$170.59M	$169.72M	$211.84M	$251.74M	$275.63M	$330.38M	$292.50M	$307.90M	—	—	—	$796.26M
Inventory	$208.44M	$172.76M	$177.30M	$151.21M	$246.95M	$199.74M	$184.35M	$255.18M	$213.21M	$322.36M	$498.32M	$748.78M
Total current assets	$986.85M	$884.73M	$942.33M	$867.70M	$995.58M	$1.24B	$1.25B	$1.06B	$1.07B	$1.24B	$1.73B	$2.25B
Goodwill	$161.96M	$161.96M	$161.96M	$161.96M	$161.96M	$155.88M	$150.59M	$145.90M	$145.90M	$145.90M	$145.90M	$145.90M
Total assets	$1.63B	$1.52B	$1.55B	$1.47B	$1.58B	$1.81B	$1.80B	$1.62B	$1.60B	$1.75B	$2.19B	$2.78B
Total current liabilities	$368.80M	$267.96M	$351.14M	$327.60M	$426.89M	$473.70M	$476.74M	$473.90M	$458.11M	$590.69M	$1.12B	$1.20B
Short-term debt	$28.51M	$0	$0	$0	$0	$19.89M	$19.92M	$19.95M	$19.97M	$0	$148.40M	$53.42M
Long-term debt	$748.30M	$740.66M	$667.04M	$657.35M	$658.07M	$638.90M	$639.56M	$441.89M	$442.33M	$442.78M	$294.76M	$735.53M
Total debt	$776.81M	$740.66M	$667.04M	$657.35M	$658.07M	$658.79M	$659.48M	$461.84M	$462.31M	$442.78M	$443.16M	$788.95M
Total liabilities	$1.21B	$1.11B	$1.12B	$1.08B	$1.17B	$1.20B	$1.21B	$1.01B	$993.73M	$1.14B	$1.53B	$2.04B
Shareholders' equity	$410.16M	$405.04M	$423.45M	$391.38M	$400.38M	$602.53M	$584.77M	$394.25M	$389.70M	$394.81M	$439.06M	$520.74M

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	May 2024	Aug 2024	Nov 2024	Feb 2025	May 2025	Aug 2025	Nov 2025	Feb 2026	May 2026	Aug 2026
Operating cash flow	$31.48M	-$21.92M	$79.78M	-$12.16M	$13.82M	$72.88M	$92.82M	-$70.43M	$31.06M	$54.95M	-$74.79M	-$163.14M
Capital expenditures	$4.65M	$5.20M	$3.78M	$5.79M	$1.84M	$2.33M	$1.92M	$2.92M	$2.85M	$1.60M	$2.84M	$4.27M
Free cash flow	$26.83M	-$27.12M	$76.00M	-$17.95M	$11.98M	$70.54M	$90.91M	-$73.36M	$28.20M	$53.35M	-$77.63M	-$167.41M
Investing cash flow	$115.30M	-$4.51M	$5.07M	-$8.28M	-$18.92M	-$4.35M	$25.88M	$22.37M	-$3.37M	$30.26M	$36.22M	-$5.02M
Financing cash flow	-$26.76M	-$60.15M	-$73.31M	-$49.88M	-$7.76M	$182.86M	-$30.51M	-$208.05M	-$19.99M	-$57.49M	$27.70M	$337.06M
Share buybacks	$13.13M	$2.73M	$2.13M	$3.32M	$11.12M	$6.47M	$31.64M	$3.08M	$20.19M	$36.94M	$11.75M	$5.54M
Stock-based compensation	$10.97M	$10.64M	$11.19M	$10.36M	$11.53M	$11.58M	$10.25M	$7.81M	$10.08M	$5.12M	$10.00M	$6.62M
Depreciation & amortization	$17.65M	$17.16M	$15.53M	$15.38M	$14.96M	$14.04M	$14.01M	$13.21M	$12.82M	$12.75M	$12.31M	$12.30M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.