Penguin Solutions, Inc.
For the period ended May 30, 2025. Filed Jul 8, 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.
May 30, 2025 · Filed Jul 8, 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 | May 30,2025 | August 30,2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $709,871 | $383,147 |
| Short-term investments | 25,676 | 6,337 |
| Accounts receivable, net | 292,504 | 251,743 |
| Inventories | 184,348 | 151,213 |
| Other current assets | 37,497 | 75,264 |
| Total current assets | 1,249,896 | 867,704 |
| Property and equipment, net | 93,882 | 106,548 |
| Operating lease right-of-use assets | 61,850 | 60,349 |
| Intangible assets, net | 95,130 | 121,454 |
| Goodwill | 150,585 | 161,958 |
| Deferred tax assets | 83,872 | 85,078 |
| Other noncurrent assets | 67,567 | 71,415 |
| Total assets | $1,802,782 | $1,474,506 |
| Liabilities and Equity | ||
| Accounts payable and accrued expenses | $310,572 | $219,090 |
| Current debt | 19,916 | — |
| Deferred revenue | 101,374 | 63,954 |
| Other current liabilities | 44,882 | 44,552 |
| Total current liabilities | 476,744 | 327,596 |
| Long-term debt | 639,562 | 657,347 |
| Noncurrent operating lease liabilities | 63,650 | 60,542 |
| Other noncurrent liabilities | 27,903 | 29,813 |
| Total liabilities | 1,207,859 | 1,075,298 |
| Commitments and contingencies | ||
| Penguin Solutions shareholders’ equity: | ||
| Ordinary shares, $0.03 par value; authorized 200,000 shares; 62,306 shares issued and 52,417 outstanding as of May 30, 2025; 60,226 shares issued and 53,277 outstanding as of August 30, 2024 | 1,869 | 1,807 |
| Preferred shares, $0.03 par value; authorized 30,000 shares; 200 shares issued and outstanding as of May 30, 2025; no shares issued or outstanding as of August 30, 2024 | 6 | — |
| Additional paid-in capital | 745,557 | 513,335 |
| Retained earnings | 40,312 | 29,985 |
| Treasury shares, 9,889 and 6,949 shares held as of May 30, 2025 and August 30, 2024, respectively | (202,996) | (153,756) |
| Accumulated other comprehensive income | 23 | 10 |
| Total Penguin Solutions shareholders’ equity | 584,771 | 391,381 |
| Noncontrolling interest in subsidiary | 10,152 | 7,827 |
| Total equity | 594,923 | 399,208 |
| Total liabilities and equity | $1,802,782 | $1,474,506 |
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