Penguin Solutions, Inc.
For the period ended Nov 28, 2025. Filed Jan 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Nov 28, 2025 · Filed Jan 6, 2026
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 amounts)
| As of | November 28,2025 | August 29,2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $461,451 | $453,754 |
| Accounts receivable, net | 326,892 | 307,904 |
| Accounts receivable, net - related party | 15,076 | — |
| Inventories | 213,205 | 255,182 |
| Other current assets | 50,390 | 47,387 |
| Total current assets | 1,067,014 | 1,064,227 |
| Property and equipment, net | 90,383 | 92,603 |
| Operating lease right-of-use assets | 57,254 | 58,847 |
| Intangible assets, net | 80,568 | 87,754 |
| Goodwill | 145,895 | 145,895 |
| Deferred tax assets | 99,023 | 99,107 |
| Other noncurrent assets | 58,058 | 68,767 |
| Total assets | $1,598,195 | $1,617,200 |
| Liabilities, Temporary Equity and Stockholders' Equity | ||
| Accounts payable and accrued expenses | $347,526 | $318,761 |
| Current debt | 19,974 | 19,945 |
| Deferred revenue | 43,648 | 73,893 |
| Other current liabilities | 46,962 | 61,300 |
| Total current liabilities | 458,110 | 473,899 |
| Long-term debt | 442,333 | 441,893 |
| Noncurrent operating lease liabilities | 61,406 | 62,736 |
| Other noncurrent liabilities | 31,877 | 30,445 |
| Total liabilities | 993,726 | 1,008,973 |
| 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 November 28, 2025 and August 29, 2025. Redemption amount of 200,400 and 200,500 as of November 28, 2025 and August 29, 2025, respectively | 202,710 | 202,710 |
| Penguin Solutions stockholders’ equity: | ||
| Common stock, $0.03 par value; authorized 200,000 shares; 63,605 shares issued and 52,560 outstanding as of November 28, 2025; 62,756 shares issued and 52,738 outstanding as of August 29, 2025 | 1,908 | 1,883 |
| Additional paid-in capital | 565,105 | 551,712 |
| Retained earnings | 48,946 | 46,709 |
| Treasury stock, 11,045 and 10,018 shares held as of November 28, 2025 and August 29, 2025, respectively | (226,269) | (206,076) |
| Accumulated other comprehensive income | 13 | 18 |
| Total Penguin Solutions stockholders’ equity | 389,703 | 394,246 |
| Noncontrolling interest in subsidiary | 12,056 | 11,271 |
| Total stockholders' equity | 401,759 | 405,517 |
| Total liabilities, temporary equity and stockholders' equity | $1,598,195 | $1,617,200 |
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