Penguin Solutions, Inc.
For the period ended Feb 28, 2025. Filed Apr 2, 2025.
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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.
Feb 28, 2025 · Filed Apr 2, 2025
PENG$45.70+9.3%Stored close · as of Nov 9, 2026
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Consolidated Balance Sheets
(In thousands, except par value amounts)
| As of | February 28,2025 | August 30,2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $621,682 | $383,147 |
| Short-term investments | 25,323 | 6,337 |
| Accounts receivable, net | 330,384 | 251,743 |
| Inventories | 199,737 | 151,213 |
| Other current assets | 67,639 | 75,264 |
| Total current assets | 1,244,765 | 867,704 |
| Property and equipment, net | 97,116 | 106,548 |
| Operating lease right-of-use assets | 56,363 | 60,349 |
| Intangible assets, net | 103,280 | 121,454 |
| Goodwill | 155,879 | 161,958 |
| Deferred tax assets | 84,944 | 85,078 |
| Other noncurrent assets | 68,997 | 71,415 |
| Total assets | $1,811,344 | $1,474,506 |
| Liabilities and Equity | ||
| Accounts payable and accrued expenses | $278,093 | $219,090 |
| Current debt | 19,891 | — |
| Deferred revenue | 121,646 | 63,954 |
| Other current liabilities | 54,075 | 44,552 |
| Total current liabilities | 473,705 | 327,596 |
| Long-term debt | 638,900 | 657,347 |
| Noncurrent operating lease liabilities | 56,816 | 60,542 |
| Other noncurrent liabilities | 30,032 | 29,813 |
| Total liabilities | 1,199,453 | 1,075,298 |
| Commitments and contingencies | ||
| Penguin Solutions shareholders’ equity: | ||
| Ordinary shares, $0.03 par value; authorized 200,000 shares; 61,620 shares issued and 53,668 outstanding as of February 28, 2025; 60,226 shares issued and 53,277 outstanding as of August 30, 2024 | 1,849 | 1,807 |
| Preferred shares, $0.03 par value; authorized 30,000 shares; 200 shares issued and outstanding as of February 28, 2025; no shares issued or outstanding as of August 30, 2024 | 6 | — |
| Additional paid-in capital | 731,323 | 513,335 |
| Retained earnings | 40,684 | 29,985 |
| Treasury shares, 7,951 and 6,949 shares held as of February 28, 2025 and August 30, 2024, respectively | (171,351) | (153,756) |
| Accumulated other comprehensive income (loss) | 17 | 10 |
| Total Penguin Solutions shareholders’ equity | 602,528 | 391,381 |
| Noncontrolling interest in subsidiary | 9,363 | 7,827 |
| Total equity | 611,891 | 399,208 |
| Total liabilities and equity | $1,811,344 | $1,474,506 |
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