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$44.64-2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Three Months Ended | November 28,2025 | November 29,2024 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income (loss) | $6,055 | $5,964 |
| Adjustments to reconcile net income (loss) from continuing operations to net cash provided by operating activities: | ||
| Depreciation expense and amortization of intangible assets | 12,819 | 14,961 |
| Amortization of debt issuance costs | 658 | 953 |
| Stock-based compensation expense | 10,080 | 11,531 |
| Loss on impairment of non-marketable equity investment | 10,000 | — |
| Deferred income taxes, net | 85 | 211 |
| Other | 2,129 | (712) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (34,064) | (23,885) |
| Inventories | 41,977 | (93,380) |
| Other assets | (876) | 705 |
| Accounts payable and accrued expenses and other liabilities | (17,805) | 97,471 |
| Net cash provided by operating activities | 31,058 | 13,819 |
| Cash flows from investing activities | ||
| Capital expenditures and deposits on equipment | (2,853) | (1,836) |
| Proceeds from sales and maturities of investment securities | — | 3,780 |
| Purchases of held-to-maturity investment securities | — | (20,723) |
| Other | (521) | (143) |
| Net cash used for investing activities | (3,374) | (18,922) |
| Cash flows from financing activities | ||
| Payments to acquire common stock | (20,193) | (11,123) |
| Payment of preferred stock cash dividends | (3,133) | — |
| Proceeds from issuance of common stock | 3,339 | 3,360 |
| Net cash used for financing activities | (19,987) | (7,763) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 7,697 | (12,866) |
| Cash, cash equivalents and restricted cash at beginning of period | 454,070 | 383,477 |
| Cash, cash equivalents and restricted cash at end of period | $461,767 | $370,611 |
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