Penguin Solutions, Inc.
For the period ended Aug 28, 2026. Filed Oct 20, 2026.
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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.
FY2026 · Filed Oct 20, 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
| Year Ended | August 28,2026 | August 29,2025 | August 30,2024 |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net income (loss) | $185,788 | $28,835 | $(49,933) |
| Net loss from discontinued operations | — | — | (8,148) |
| Net income (loss) from continuing operations | 185,788 | 28,835 | (41,785) |
| Adjustments to reconcile net income (loss) from continuing operations to net cash provided by (used for) operating activities: | |||
| Depreciation expense and amortization of intangible assets | 50,176 | 56,216 | 65,716 |
| Amortization of debt issuance costs | 2,728 | 3,493 | 3,724 |
| Stock-based compensation expense | 31,815 | 41,176 | 43,160 |
| Loss on impairment of non-marketable equity investment | 10,000 | — | — |
| Impairment of goodwill | — | 16,063 | — |
| Loss on extinguishment of debt | — | 2,908 | 22,763 |
| Inducement expense related to the conversion of the 2029 and 2030 Notes | 33,248 | — | — |
| Gain on disposition of equity investment | (30,942) | — | — |
| Deferred income taxes, net | (62,660) | (14,112) | (11,042) |
| Other | 1,969 | (2,293) | (2,689) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable (including related party balances of $683, $— , and $— as of August 28, 2026, August 29, 2025, and August 30, 2024, respectively) | (488,360) | (56,160) | (32,495) |
| Inventories | (493,603) | (101,610) | 23,765 |
| Other assets | 964 | 7,653 | 9,098 |
| Accounts payable and accrued expenses and other liabilities | 606,963 | 131,014 | 54,306 |
| Payment of acquisition-related contingent consideration | — | — | (29,000) |
| Net cash provided by (used for) operating activities from continuing operations | (151,914) | 113,183 | 105,521 |
| Net cash used for operating activities from discontinued operations | — | (4,099) | (28,336) |
| Net cash provided by (used for) operating activities | (151,914) | 109,084 | 77,185 |
| Cash flows from investing activities | |||
| Capital expenditures and deposits on equipment | (11,569) | (9,012) | (19,424) |
| Proceeds from sales and maturities of investment securities | — | 66,361 | 39,395 |
| Purchases of held-to-maturity investment securities | — | (59,066) | (19,503) |
| Purchases of non-marketable investments | — | — | (11,000) |
| Proceeds from disposition of equity investments | 71,752 | — | — |
| Other | (2,093) | (1,660) | (1,272) |
| Net cash provided by (used for) investing activities from continuing operations | 58,090 | (3,377) | (11,804) |
| Net cash provided by investing activities from discontinued operations | — | 28,350 | 119,389 |
| Net cash provided by (used for) investing activities | 58,090 | 24,973 | 107,585 |
| Cash flows from financing activities | |||
| Repayments of debt | (315,454) | (300,015) | (351,337) |
| Payments to acquire common stock | (74,427) | (52,320) | (21,309) |
| Payment of acquisition-related contingent consideration | — | — | (21,000) |
| Net cash paid for settlement and purchase of capped calls | (49,125) | — | (16,300) |
| Distribution to noncontrolling interest | — | — | (1,470) |
| Proceeds from debt, net of lender debt issuance costs | 736,500 | — | 192,694 |
| Payment of third-party debt issuance costs | (1,341) | — | — |
| Proceeds from issuance of common stock | 10,358 | 8,804 | 9,809 |
| Proceeds from restricted cash advances | 93,000 | — | — |
| Payment of preferred stock cash dividends | (12,233) | (7,860) | — |
| Repayments of borrowings under line of credit | (100,000) | — | — |
| Proceeds from issuance of convertible preferred stock, net of issuance costs | — | 191,182 | — |
| Proceeds from borrowing under line of credit | — | 100,000 | — |
| Fees paid for revolving line of credit financing | — | (3,255) | — |
| Other | — | — | (582) |
| Net cash provided by (used for) financing activities from continuing operations | 287,278 | (63,464) | (209,495) |
| Net cash used for financing activities from discontinued operations | — | — | (606) |
| Net cash provided by (used for) financing activities | 287,278 | (63,464) | (210,101) |
| Effect of changes in currency exchange rates | — | — | (1,256) |
| Net increase in cash, cash equivalents and restricted cash | 193,454 | 70,593 | (26,587) |
| Cash, cash equivalents and restricted cash at beginning of period | 454,070 | 383,477 | 410,064 |
| Cash, cash equivalents and restricted cash at end of period | $647,524 | $454,070 | $383,477 |
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