Penguin Solutions, Inc.
For the period ended Aug 29, 2025. Filed Oct 21, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Oct 21, 2025
PENG$45.70+9.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except par value amount)
| As of | August 29,2025 | August 30,2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $453,754 | $383,147 |
| Short-term investments | — | 6,337 |
| Accounts receivable, net | 307,904 | 251,743 |
| Inventories | 255,182 | 151,213 |
| Other current assets | 47,387 | 75,264 |
| Total current assets | 1,064,227 | 867,704 |
| Property and equipment, net | 92,603 | 106,548 |
| Operating lease right-of-use assets | 58,847 | 60,349 |
| Intangible assets, net | 87,754 | 121,454 |
| Goodwill | 145,895 | 161,958 |
| Deferred tax assets | 99,107 | 85,078 |
| Other noncurrent assets | 68,767 | 71,415 |
| Total assets | $1,617,200 | $1,474,506 |
| Liabilities, Temporary Equity and Stockholders' Equity | ||
| Accounts payable and accrued expenses | $318,761 | $219,090 |
| Current debt | 19,945 | — |
| Deferred revenue | 73,893 | 63,954 |
| Other current liabilities | 61,300 | 44,552 |
| Total current liabilities | 473,899 | 327,596 |
| Long-term debt | 441,893 | 657,347 |
| Noncurrent operating lease liabilities | 62,736 | 60,542 |
| Other noncurrent liabilities | 30,445 | 29,813 |
| Total liabilities | 1,008,973 | 1,075,298 |
| Commitments and contingencies | ||
| Temporary equity | ||
| Preferred stock, $0.03 par value; authorized 30,000 shares; 200 shares of convertible preferred stock issued and outstanding as of August 29, 2025, redemption amount of $200,500; no shares issued or outstanding as of August 30, 2024 | 202,710 | — |
| Penguin Solutions stockholders’ equity: | ||
| Common stock, $0.03 par value; authorized 200,000 shares; 62,756 shares issued and 52,738 shares outstanding as of August 29, 2025; 60,226 shares issued and 53,277 shares outstanding as of August 30, 2024 | 1,883 | 1,807 |
| Additional paid-in capital | 551,712 | 513,335 |
| Retained earnings | 46,709 | 29,985 |
| Treasury stock, 10,018 shares and 6,949 shares held as of August 29, 2025 and August 30, 2024, respectively | (206,076) | (153,756) |
| Accumulated other comprehensive income | 18 | 10 |
| Total Penguin Solutions stockholders’ equity | 394,246 | 391,381 |
| Noncontrolling interest in subsidiary | 11,271 | 7,827 |
| Total stockholders' equity | 405,517 | 399,208 |
| Total liabilities, temporary equity and stockholders' equity | $1,617,200 | $1,474,506 |
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