Penguin Solutions, Inc.

For the period ended Feb 27, 2026. Filed Apr 1, 2026.

About this filing

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.

Feb 27, 2026 · Filed Apr 1, 2026

PENG$45.70+9.3%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

(In thousands, except par value amounts)

As of	February 27,2026	August 29,2025
Assets
Cash and cash equivalents	$489,172	$453,754
Accounts receivable, net	369,935	307,904
Accounts receivable, net - related party	674	—
Inventories	322,360	255,182
Other current assets	56,301	47,387
Total current assets	1,238,442	1,064,227
Property and equipment, net	86,890	92,603
Operating lease right-of-use assets	56,630	58,847
Intangible assets, net	73,474	87,754
Goodwill	145,895	145,895
Deferred tax assets	99,078	99,107
Other noncurrent assets	49,348	68,767
Total assets	$1,749,757	$1,617,200
Liabilities, Temporary Equity and Stockholders' Equity
Accounts payable and accrued expenses	$454,503	$318,761
Current debt	—	19,945
Deferred revenue	81,623	73,893
Other current liabilities	54,568	61,300
Total current liabilities	590,694	473,899
Long-term debt	442,777	441,893
Noncurrent operating lease liabilities	60,751	62,736
Other noncurrent liabilities	44,866	30,445
Total liabilities	1,139,088	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 February 27, 2026 and August 29, 2025. Redemption amount of $200,366 and $200,500 as of February 27, 2026 and August 29, 2025, respectively	202,710	202,710
Penguin Solutions stockholders’ equity:
Common stock, $0.03 par value; authorized 200,000 shares; 64,199 shares issued and 51,213 outstanding as of February 27, 2026; 62,756 shares issued and 52,738 outstanding as of August 29, 2025	1,926	1,883
Additional paid-in capital	572,719	551,712
Retained earnings	83,365	46,709
Treasury stock, 12,986 and 10,018 shares held as of February 27, 2026 and August 29, 2025, respectively	(263,210)	(206,076)
Accumulated other comprehensive income	14	18
Total Penguin Solutions stockholders’ equity	394,814	394,246
Noncontrolling interest in subsidiary	13,145	11,271
Total stockholders' equity	407,959	405,517
Total liabilities, temporary equity and stockholders' equity	$1,749,757	$1,617,200

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.