Penguin Solutions, Inc.

For the period ended Aug 29, 2025. Filed Oct 21, 2025.

About this filing

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.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations

(In thousands, except per share amounts)

Year ended	August 29,2025	August 30,2024	August 25,2023
Net sales:
Products	$1,072,738	$925,827	$1,192,890
Services	263,706	244,969	248,360
Related party	32,350	—	—
Total net sales	1,368,794	1,170,796	1,441,250
Cost of sales:
Products	863,136	722,634	916,005
Services	111,384	107,386	110,074
Total cost of sales	974,520	830,020	1,026,079
Gross profit	394,274	340,776	415,171
Operating expenses:
Research and development	79,801	81,537	90,565
Selling, general and administrative	238,177	233,880	260,722
Impairment of goodwill	16,063	—	19,092
Change in fair value of contingent consideration	—	—	29,000
Other operating expense	2,098	7,064	7,047
Total operating expenses	336,139	322,481	406,426
Operating income	58,135	18,295	8,745
Non-operating (income) expense:
Interest expense, net	7,305	28,378	36,421
Other non-operating expense	1,929	21,084	11,837
Total non-operating expense	9,234	49,462	48,258
Income (loss) before taxes	48,901	(31,167)	(39,513)
Income tax provision (benefit)	20,066	10,618	(49,203)
Net income (loss) from continuing operations	28,835	(41,785)	9,690
Net loss from discontinued operations	—	(8,148)	(195,384)
Net income (loss)	28,835	(49,933)	(185,694)
Net income attributable to noncontrolling interest	3,444	2,539	1,832
Net income (loss) attributable to Penguin Solutions	$25,391	$(52,472)	$(187,526)
Preferred stock dividends	8,667	—	—
Income available for distribution	16,724	(52,472)	(187,526)
Income allocated to participating securities	1,263	—	—
Net income (loss) available to common stockholders	$15,461	$(52,472)	$(187,526)
Basic earnings (loss) per share of common stock:
Continuing operations	$0.29	$(0.85)	$0.16
Discontinued operations	—	(0.15)	(3.94)
	$0.29	$(1.00)	$(3.78)
Diluted earnings (loss) per share of common stock:
Continuing operations	$0.28	$(0.85)	$0.15
Discontinued operations	—	(0.15)	(3.80)
	$0.28	$(1.00)	$(3.65)
Common stock used in per share calculations:
Basic	53,154	52,428	49,566
Diluted	54,368	52,428	51,322

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.