Penguin Solutions, Inc.
For the period ended May 30, 2025. Filed Jul 8, 2025.
View on SEC.govAbout 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.
May 30, 2025 · Filed Jul 8, 2025
PENG$45.70+9.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
(In thousands, except per share amounts)
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| May 30,2025 | May 31,2024 | May 30,2025 | May 31,2024 | |
| Net sales: | ||||
| Products | $258,735 | $233,105 | $830,474 | $674,992 |
| Services | 65,516 | 67,475 | 200,398 | 184,656 |
| Total net sales | 324,251 | 300,580 | 1,030,872 | 859,648 |
| Cost of sales: | ||||
| Products | 200,081 | 182,517 | 648,828 | 525,819 |
| Services | 29,087 | 29,157 | 84,501 | 80,139 |
| Total cost of sales | 229,168 | 211,674 | 733,329 | 605,958 |
| Gross profit | 95,083 | 88,906 | 297,543 | 253,690 |
| Operating expenses: | ||||
| Research and development | 20,222 | 19,681 | 59,940 | 61,596 |
| Selling, general and administrative | 59,724 | 57,249 | 179,575 | 175,851 |
| Impairment of goodwill | 5,294 | — | 11,373 | — |
| Other operating expense | — | 465 | 968 | 6,739 |
| Total operating expenses | 85,240 | 77,395 | 251,856 | 244,186 |
| Operating income (loss) | 9,843 | 11,511 | 45,687 | 9,504 |
| Non-operating (income) expense: | ||||
| Interest expense, net | 573 | 6,167 | 7,152 | 22,975 |
| Other non-operating (income) expense | (1,439) | 441 | (1,012) | 113 |
| Total non-operating (income) expense | (866) | 6,608 | 6,140 | 23,088 |
| Income (loss) before taxes | 10,709 | 4,903 | 39,547 | (13,584) |
| Income tax provision (benefit) | 7,259 | (1,323) | 21,262 | 4,409 |
| Net income (loss) from continuing operations | 3,450 | 6,226 | 18,285 | (17,993) |
| Net loss from discontinued operations | — | — | — | (8,148) |
| Net income (loss) | 3,450 | 6,226 | 18,285 | (26,141) |
| Net income attributable to noncontrolling interest | 789 | 610 | 2,325 | 1,784 |
| Net income (loss) attributable to Penguin Solutions | 2,661 | 5,616 | 15,960 | (27,925) |
| Preferred share dividends | 3,033 | — | 5,633 | — |
| Income available for distribution | (372) | 5,616 | 10,327 | (27,925) |
| Income allocated to participating securities | — | — | 678 | — |
| Net income (loss) available to ordinary shareholders | $(372) | $5,616 | $9,649 | $(27,925) |
| Basic earnings (loss) per ordinary share: | ||||
| Continuing operations | $(0.01) | $0.11 | $0.18 | $(0.38) |
| Discontinued operations | — | — | — | (0.15) |
| $(0.01) | $0.11 | $0.18 | $(0.53) | |
| Diluted earnings (loss) per ordinary share: | ||||
| Continuing operations | $(0.01) | $0.10 | $0.18 | $(0.38) |
| Discontinued operations | — | — | — | (0.15) |
| $(0.01) | $0.10 | $0.18 | $(0.53) | |
| Ordinary shares used in per share calculations: | ||||
| Basic | 53,130 | 52,570 | 53,355 | 52,219 |
| Diluted | 53,738 | 54,283 | 54,336 | 52,219 |
7
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.