Penguin Solutions (PENG) Financials

$48.27 +4.14 (+9.38%)

Closing price 05/13/2026 04:00 PM Eastern

Extended Trading

$49.43 +1.16 (+2.41%)

As of 05/13/2026 08:00 PM Eastern

Annual Income Statements for Penguin Solutions

This table shows Penguin Solutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/28/2015	8/26/2016	8/25/2017	8/31/2018	8/30/2019	8/28/2020	8/27/2021	8/26/2022	8/25/2023	8/30/2024	8/29/2025
Net Income / (Loss) Attributable to Common Shareholders	-46	-20	-7.80	119	51	-1.14	21	67	-375	-105	41
Consolidated Net Income / (Loss)	-46	-20	-7.80	119	51	-1.14	23	69	-186	-102	29
Net Income / (Loss) Continuing Operations	-46	-20	-7.80	119	28	-1.14	-42	24	9.69	-42	29
Total Pre-Tax Income	-40	-18	2.12	138	66	9.36	-32	42	-40	-31	49
Total Operating Income	-6.71	6.19	54	170	89	41	-16	67	8.75	18	58
Total Gross Profit	131	107	162	292	238	216	238	391	415	341	394
Total Revenue	643	534	761	1,289	1,212	1,122	1,056	1,396	1,441	1,118	1,369
Operating Revenue	643	534	761	1,289	1,212	1,122	1,056	1,396	1,441	1,118	1,369
Total Cost of Revenue	512	427	599	997	974	906	818	1,005	1,026	830	975
Operating Cost of Revenue	512	427	599	997	974	906	818	1,005	1,026	830	975
Total Operating Expenses	138	101	108	121	148	175	254	324	406	322	336
Selling, General & Admin Expense	89	57	67	85	103	123	158	205	261	234	238
Research & Development Expense	44	38	38	40	48	52	60	77	91	82	80
Other Operating Expenses / (Income)	4.03	4.00	3.00	-	0.00	-	3.17	0.23	7.05	7.06	2.10
Impairment Charge	-	-	-	-	-	-	0.00	0.00	19	0.00	16
Other Special Charges / (Income)	-	-	0.00	-3.00	-	0.00	32	41	29	0.00	0.00
Total Other Income / (Expense), net	-33	-24	-52	-32	-46	-32	-17	-25	-48	-49	-9.23
Interest & Investment Income	-	-	-	-	-	-	-	-24	-36	-28	-7.31
Other Income / (Expense), net	-5.53	1.87	-23	-13	-25	-17	0.58	-0.35	-12	-21	-1.93
Income Tax Expense	6.65	2.44	9.91	18	15	11	9.69	18	-49	11	20
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	64	44	-195	-8.15	0.00
Preferred Stock Dividends Declared	-	-	-	-	-	-	-	-	0.00	0.00	8.67
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	-	-	0.00	0.00	1.20	2.04	1.83	2.54	4.71
Basic Earnings per Share	($3.36)	($1.44)	($0.49)	$5.42	$2.24	($0.02)	$0.44	$1.35	($3.78)	($1.00)	$0.29
Weighted Average Basic Shares Outstanding	13.83M	13.84M	15.79M	22.05M	22.96M	47.99M	48.56M	49.47M	49.57M	52.43M	53.15M
Diluted Earnings per Share	($3.36)	($1.44)	($0.49)	$5.17	$2.19	($0.02)	$0.44	$1.22	($3.65)	($1.00)	$0.28
Weighted Average Diluted Shares Outstanding	13.83M	13.84M	15.79M	23.12M	23.47M	47.99M	48.56M	54.44M	51.32M	52.43M	54.37M
Weighted Average Basic & Diluted Shares Outstanding	13.83M	13.84M	15.90M	22M	22.96M	24.42M	24.38M	48.62M	51.92M	53.29M	52.86M

This table shows Penguin Solutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	8/25/2023	12/1/2023	3/1/2024	5/31/2024	8/30/2024	11/29/2024	2/28/2025	5/30/2025	8/29/2025	11/28/2025	2/27/2026
Net Income / (Loss) Attributable to Common Shareholders	-141	-20	-27	11	-25	5.22	5.00	-0.37	26	2.01	31
Consolidated Net Income / (Loss)	-140	-19	-13	6.23	-24	5.96	8.87	3.45	11	6.06	39
Net Income / (Loss) Continuing Operations	66	-11	-13	6.23	-24	5.96	8.87	3.45	11	6.06	39
Total Pre-Tax Income	-10	-7.68	-11	4.90	-18	12	17	11	9.35	7.86	53
Total Operating Income	-1.64	1.31	-3.31	12	8.79	17	18	9.84	12	20	26
Total Gross Profit	92	83	82	89	87	98	105	95	97	96	94
Total Revenue	317	274	285	301	311	341	366	324	338	343	343
Operating Revenue	317	274	285	301	311	341	366	324	338	343	343
Total Cost of Revenue	225	191	203	212	224	243	261	229	241	247	249
Operating Cost of Revenue	225	191	203	212	224	243	261	229	241	247	249
Total Operating Expenses	93	82	85	77	78	80	86	85	84	77	68
Selling, General & Admin Expense	65	57	61	57	58	61	59	60	59	53	48
Research & Development Expense	21	21	21	20	20	20	20	20	20	19	19
Other Operating Expenses / (Income)	1.68	2.94	3.34	0.47	0.33	0.11	0.86	0.00	1.13	4.74	1.05
Impairment Charge	-	-	0.00	0.00	-	-	6.08	5.29	-	-	0.00
Total Other Income / (Expense), net	-8.72	-8.98	-7.50	-6.61	-26	-5.03	-1.97	0.87	-3.09	-12	27
Interest & Investment Income	-	-9.56	-7.25	-6.17	-	-4.40	-2.18	-0.57	-0.15	-0.05	-0.72
Other Income / (Expense), net	0.46	0.58	-0.25	-0.44	-21	-0.64	0.21	1.44	-2.94	-12	28
Income Tax Expense	-76	3.53	2.20	-1.32	6.21	6.36	7.64	7.26	-1.20	1.81	14
Preferred Stock Dividends Declared	-	-	0.00	0.00	-	0.00	2.60	3.03	-	3.03	3.03
Net Income / (Loss) Attributable to Noncontrolling Interest	0.69	0.56	0.61	0.61	0.76	0.75	1.27	0.79	1.90	1.02	4.68
Basic Earnings per Share	($2.84)	($0.38)	($0.26)	$0.11	($0.47)	$0.10	$0.09	($0.01)	$0.11	$0.04	$0.59
Weighted Average Basic Shares Outstanding	49.57M	52.07M	52.03M	52.57M	52.43M	53.48M	53.45M	53.13M	53.15M	52.90M	52.28M
Diluted Earnings per Share	($2.84)	($0.38)	($0.26)	$0.10	($0.46)	$0.10	$0.09	($0.01)	$0.10	$0.04	$0.58
Weighted Average Diluted Shares Outstanding	51.32M	52.07M	52.03M	54.28M	52.43M	54.31M	54.38M	53.74M	54.37M	54.99M	53.19M
Weighted Average Basic & Diluted Shares Outstanding	51.92M	51.83M	52.30M	52.91M	53.29M	53.29M	53.68M	52.40M	52.86M	52.56M	50.75M

This table details how cash moves in and out of Penguin Solutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/28/2015	8/26/2016	8/25/2017	8/31/2018	8/30/2019	8/28/2020	8/27/2021	8/26/2022	8/25/2023	8/30/2024	8/29/2025
Net Change in Cash & Equivalents	-10.00	-9.46	-36	8.10	61	53	72	140	47	-27	71
Net Cash From Operating Activities	41	15	-0.93	68	170	87	153	105	104	77	109
Net Cash From Continuing Operating Activities	41	15	-0.93	68	170	87	123	39	64	106	113
Net Income / (Loss) Continuing Operations	-46	-20	-7.80	119	51	-1.14	-42	24	9.69	-42	29
Consolidated Net Income / (Loss)	-46	-20	-7.80	119	51	-1.14	23	69	-186	-50	29
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	64	44	-195	-8.15	0.00
Depreciation Expense	50	31	33	26	29	36	35	47	72	66	56
Amortization Expense	4.56	4.70	8.23	2.97	2.80	5.87	8.80	10	4.06	3.72	3.49
Non-Cash Adjustments To Reconcile Net Income	12	3.84	29	11	18	33	31	38	0.52	37	46
Changes in Operating Assets and Liabilities, net	21	-5.00	-64	-92	68	13	90	-80	-22	41	-21
Net Cash From Discontinued Operating Activities	-	-	-	-	-	-	31	66	41	-28	-4.10
Net Cash From Investing Activities	-8.72	-13	-18	-68	-109	-32	-84	-39	-299	108	25
Net Cash From Continuing Investing Activities	-8.72	-13	-18	-68	-109	-32	-53	-21	-281	-12	-3.38
Purchase of Property, Plant & Equipment	-32	-14	-19	-26	-33	-32	-17	-20	-39	-19	-9.01
Acquisitions	-	-	0.00	-42	-76	0.00	-36	0.00	-213	0.00	0.00
Purchase of Investments	-	-	-	-	-	-	-	0.00	-29	-31	-59
Sale and/or Maturity of Investments	-	-	-	-	-	-	0.00	0.00	0.00	39	66
Other Investing Activities, net	23	0.19	-	-	0.08	0.40	-1.12	-0.88	0.48	-1.27	-1.66
Net Cash From Discontinued Investing Activities	-	-	-	-	-	-	-31	-18	-17	119	28
Net Cash From Financing Activities	-33	-11	-17	7.94	0.10	13	2.85	74	236	-210	-63
Net Cash From Continuing Financing Activities	-33	-11	-17	7.94	0.10	13	-15	61	237	-209	-63
Repayment of Debt	-370	-296	-691	-486	-261	-316	-154	-245	-42	-352	-303
Repurchase of Common Equity	-3.09	-0.12	-1.15	-1.59	-0.52	-0.75	-49	-57	-25	-21	-52
Payment of Dividends	-	-	-	-	-	0.00	0.00	-3.77	-2.01	-1.47	-7.86
Issuance of Debt	371	285	615	489	255	346	173	355	295	193	100
Issuance of Preferred Equity	-	-	-	-	-	-	-	-	0.00	0.00	191
Issuance of Common Equity	-	-	64	0.00	7.37	5.48	15	12	43	9.81	8.80
Other Financing Activities, net	-30	0.13	-3.52	6.73	0.00	-22	0.00	0.00	-32	-37	0.00
Net Cash From Discontinued Financing Activities	-	-	-	-	-	-	18	13	-0.81	-0.61	0.00
Effect of Exchange Rate Changes	-9.40	-0.23	-	-	0.59	-	0.15	0.24	4.77	-1.26	0.00

This table details how cash moves in and out of Penguin Solutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	8/25/2023	12/1/2023	3/1/2024	5/31/2024	8/30/2024	11/29/2024	2/28/2025	5/30/2025	8/29/2025	11/28/2025	2/27/2026
Net Change in Cash & Equivalents	8.79	119	-87	11	-70	-13	251	88	-256	7.70	28
Net Cash From Operating Activities	37	31	-22	80	-12	14	73	93	-70	31	55
Net Cash From Continuing Operating Activities	38	60	-22	80	-12	14	73	97	-70	31	55
Net Income / (Loss) Continuing Operations	66	-11	-13	6.23	-24	5.96	8.87	3.45	11	6.06	39
Consolidated Net Income / (Loss)	-140	-19	-13	6.23	-24	5.96	8.87	3.45	11	6.06	39
Depreciation Expense	19	18	17	16	15	15	14	14	13	13	13
Amortization Expense	1.01	1.04	0.97	0.82	0.90	0.95	0.95	0.92	0.67	0.66	0.66
Non-Cash Adjustments To Reconcile Net Income	11	11	-18	12	32	12	18	16	1.30	20	-22
Changes in Operating Assets and Liabilities, net	-59	41	-9.00	45	-37	-20	31	63	-96	-8.55	25
Net Cash From Investing Activities	-49	115	-4.51	5.07	-8.28	-19	-4.35	26	22	-3.37	30
Net Cash From Continuing Investing Activities	-37	-3.64	-4.51	4.62	-8.28	-19	-4.35	-2.47	22	-3.37	30
Purchase of Property, Plant & Equipment	-7.75	-4.65	-5.20	-3.78	-5.80	-1.84	-2.34	-1.92	-2.93	-2.85	-1.60
Other Investing Activities, net	-0.20	-0.19	-0.56	-0.52	-0.01	-0.14	-0.40	-0.47	-0.65	-0.52	-0.32
Net Cash From Financing Activities	19	-27	-60	-73	-50	-7.76	183	-31	-208	-20	-57
Net Cash From Continuing Financing Activities	19	-26	-60	-73	-50	-7.76	183	-31	-208	-20	-57
Repurchase of Common Equity	-7.79	-13	-2.73	-2.13	-3.32	-11	-6.47	-32	-3.08	-20	-37
Payment of Dividends	-	-1.47	-	-	-	0.00	-2.23	-2.87	-2.76	-3.13	-3.07
Issuance of Common Equity	35	3.46	0.79	3.82	1.75	3.36	0.38	4.00	1.06	3.34	2.51

This table presents Penguin Solutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/26/2016	8/25/2017	8/31/2018	8/30/2019	8/28/2020	8/27/2021	8/26/2022	8/25/2023	8/30/2024	8/29/2025
Total Assets	459	480	673	704	787	1,345	1,572	1,506	1,475	1,617
Total Current Assets	319	347	522	472	557	951	1,152	907	868	1,064
Cash & Equivalents	59	22	31	98	151	223	313	366	383	454
Accounts Receivable	141	183	237	217	216	313	355	219	252	308
Inventories, net	103	127	221	119	163	364	264	175	151	255
Other Current Assets	-	-	-	-	27	51	33	52	75	47
Plant, Property, & Equipment, net	58	55	57	68	55	156	97	119	107	93
Total Noncurrent Assets	82	78	94	164	175	238	323	480	500	460
Goodwill	45	46	45	81	74	74	55	162	162	146
Intangible Assets	17	5.11	26	69	56	101	78	160	121	88
Noncurrent Deferred & Refundable Income Taxes	-	-	-	-	-	-	4.58	74	85	99
Other Noncurrent Operating Assets	20	27	22	13	46	62	87	84	132	128
Total Liabilities & Shareholders' Equity	459	480	673	704	787	1,345	1,572	1,506	1,475	1,617
Total Liabilities	460	398	486	431	505	1,026	1,194	1,277	1,075	1,009
Total Current Liabilities	229	240	296	238	282	584	516	426	328	474
Short-Term Debt	17	23	27	24	0.00	25	8.47	86	0.00	20
Accounts Payable	198	190	223	165	253	484	354	182	219	319
Current Deferred Revenue	-	-	-	-	-	-	31	48	64	74
Other Current Liabilities	-	-	-	-	29	74	58	33	45	61
Total Noncurrent Liabilities	231	158	190	193	222	442	678	850	748	535
Long-Term Debt	226	154	184	182	196	340	576	755	657	442
Other Noncurrent Operating Liabilities	2.47	3.31	5.66	10	26	102	82	96	90	93
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	203
Total Equity & Noncontrolling Interests	-1.24	82	187	273	282	319	379	229	399	406
Total Preferred & Common Equity	-1.24	82	187	273	282	310	372	222	391	394
Total Common Equity	-1.24	82	187	273	282	310	372	222	391	394
Common Stock	146	233	251	287	349	398	450	478	515	554
Retained Earnings	0.59	-7.21	112	165	163	185	251	82	30	47
Treasury Stock	-	-	-	-	-2.03	-51	-108	-132	-154	-206
Accumulated Other Comprehensive Income / (Loss)	-148	-143	-176	-178	-228	-222	-222	-206	0.01	0.02
Noncontrolling Interest	-	-	-	-	0.00	8.67	6.94	6.76	7.83	11

This table presents Penguin Solutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	11/25/2022	2/24/2023	5/26/2023	12/1/2023	3/1/2024	5/31/2024	11/29/2024	2/28/2025	5/30/2025	11/28/2025	2/27/2026
Total Assets	1,808	1,640	1,591	1,631	1,517	1,546	1,583	1,811	1,803	1,598	1,750
Total Current Assets	1,122	978	939	987	885	942	996	1,245	1,250	1,067	1,238
Cash & Equivalents	325	376	401	529	442	454	370	622	710	461	489
Accounts Receivable	306	229	244	171	170	212	276	330	293	342	371
Inventories, net	416	294	226	208	173	177	247	200	184	213	322
Other Current Assets	75	78	68	54	76	86	79	68	37	50	56
Plant, Property, & Equipment, net	165	172	178	112	110	108	100	97	94	90	87
Total Noncurrent Assets	521	490	475	532	523	496	487	469	459	441	424
Goodwill	200	183	183	162	162	162	162	156	151	146	146
Intangible Assets	193	183	171	150	141	131	112	103	95	81	73
Noncurrent Deferred & Refundable Income Taxes	-	-	-	74	74	78	85	85	84	99	99
Other Noncurrent Operating Assets	128	125	120	145	146	125	128	125	129	115	106
Total Liabilities & Shareholders' Equity	1,808	1,640	1,591	1,631	1,517	1,546	1,583	1,811	1,803	1,598	1,750
Total Liabilities	1,448	1,309	1,267	1,215	1,106	1,116	1,174	1,199	1,208	994	1,139
Total Current Liabilities	552	420	384	369	268	351	427	474	477	458	591
Short-Term Debt	53	63	78	79	0.00	0.00	-	20	20	20	0.00
Accounts Payable	389	226	210	219	182	231	285	278	311	348	455
Current Deferred Revenue	-	-	-	39	37	89	41	122	101	44	82
Other Current Liabilities	110	131	96	32	49	32	101	54	45	47	55
Total Noncurrent Liabilities	896	888	883	846	838	764	747	726	731	536	548
Long-Term Debt	797	789	782	748	741	667	658	639	640	442	443
Other Noncurrent Operating Liabilities	99	99	100	98	97	97	89	87	92	93	106
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	-	203	203
Total Equity & Noncontrolling Interests	359	332	324	416	412	431	409	612	595	402	408
Total Preferred & Common Equity	352	326	318	410	405	423	400	603	585	390	395
Total Common Equity	352	326	318	410	405	423	400	603	585	390	395
Common Stock	413	420	434	493	504	519	530	733	747	567	575
Retained Earnings	275	248	223	63	49	55	35	41	40	49	83
Treasury Stock	-112	-124	-125	-146	-148	-150	-165	-171	-203	-226	-263
Accumulated Other Comprehensive Income / (Loss)	-224	-218	-214	0.30	0.11	0.02	0.02	0.02	0.02	0.01	0.01
Noncontrolling Interest	7.27	5.69	6.07	5.85	6.46	7.07	8.57	9.36	10	12	13

This table displays calculated financial ratios and metrics derived from Penguin Solutions' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	8/28/2015	8/26/2016	8/25/2017	8/31/2018	8/30/2019	8/28/2020	8/27/2021	8/26/2022	8/25/2023	8/30/2024	8/29/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-16.95%	42.45%	69.29%	-5.96%	-7.39%	-5.96%	32.24%	3.25%	-18.77%	22.40%
EBITDA Growth	0.00%	4.17%	64.56%	155.63%	-48.38%	-30.60%	-57.08%	332.54%	-41.33%	-8.20%	73.91%
EBIT Growth	0.00%	165.83%	288.67%	400.98%	-59.19%	-61.96%	-162.09%	541.85%	-104.63%	9.80%	2,115.27%
NOPAT Growth	0.00%	192.18%	-4,677.48%	174.47%	-53.20%	-107.31%	-117.84%	451.05%	-84.14%	109.21%	167.68%
Net Income Growth	0.00%	57.03%	60.95%	1,632.56%	-57.03%	-102.23%	2,069.03%	204.77%	-370.72%	73.11%	128.16%
EPS Growth	0.00%	57.14%	65.97%	1,155.10%	-57.64%	-102.23%	2,069.03%	177.27%	-399.18%	72.60%	128.00%
Operating Cash Flow Growth	0.00%	-63.08%	-106.20%	7,378.35%	149.84%	-48.60%	75.85%	-31.57%	-0.52%	-26.06%	41.33%
Free Cash Flow Firm Growth	0.00%	0.00%	-41.51%	106.92%	212.12%	-8.58%	-392.32%	135.40%	-547.69%	113.75%	167.52%
Invested Capital Growth	0.00%	0.00%	29.76%	54.84%	3.94%	-14.39%	41.27%	-2.83%	52.89%	-2.77%	-7.61%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	13.27%	-7.31%	1.69%	-20.66%	-0.56%	26.56%	-0.47%	2.02%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	25.66%	-66.70%	59.74%	-68.30%	21.68%	88.97%	-17.93%	19.96%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	33.43%	-43.66%	862.20%	-138.58%	45.45%	83.22%	-133.95%	62.83%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	25.42%	-31.82%	84.25%	-172.21%	332.08%	193.55%	132.61%	350.97%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	50.20%	-31.94%	62.48%	157.36%	-1.24%	-639.46%	69.97%	623.61%
EPS Q/Q Growth	0.00%	0.00%	0.00%	56.67%	-33.23%	62.48%	157.36%	-8.96%	-575.93%	68.85%	200.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	92.35%	-18.48%	52.39%	-21.56%	17.68%	-20.54%	17.96%	-38.81%	-34.82%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	42.35%	241.10%	-72.73%	173.66%	18.61%	-79.95%	-12.79%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	41.00%	18.03%	0.01%	8.27%	-11.24%	-12.39%	5.88%	18.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	20.43%	20.01%	21.31%	22.62%	19.60%	19.28%	22.55%	28.01%	28.81%	29.11%	28.80%
EBITDA Margin	6.60%	8.28%	9.56%	14.44%	7.93%	5.94%	2.71%	8.87%	5.04%	5.69%	8.47%
Operating Margin	-1.04%	1.16%	7.08%	13.21%	7.35%	3.68%	-1.49%	4.81%	0.61%	1.56%	4.25%
EBIT Margin	-1.90%	1.51%	4.11%	12.18%	5.28%	2.17%	-1.43%	4.79%	-0.21%	-0.24%	4.11%
Profit (Net Income) Margin	-7.22%	-3.73%	-1.02%	9.27%	4.24%	-0.10%	2.13%	4.91%	-12.88%	-4.26%	2.11%
Tax Burden Percent	116.71%	113.95%	-367.86%	86.71%	77.54%	-12.21%	-69.75%	161.47%	469.96%	160.21%	58.97%
Interest Burden Percent	325.13%	-217.35%	6.77%	87.80%	103.37%	38.42%	213.34%	63.57%	1,277.91%	1,117.50%	87.00%
Effective Tax Rate	0.00%	0.00%	467.86%	13.29%	22.46%	112.21%	0.00%	42.55%	0.00%	0.00%	41.03%
Return on Invested Capital (ROIC)	0.00%	4.74%	-94.35%	48.82%	18.44%	-1.42%	-2.79%	8.48%	1.08%	1.89%	5.34%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-21.66%	17.99%	32.03%	6.15%	3.67%	32.92%	36.64%	-71.72%	-15.42%	1.40%
Return on Net Nonoperating Assets (RNNOA)	0.00%	3,222.43%	75.14%	39.82%	3.85%	1.01%	10.28%	11.19%	-62.18%	-17.78%	0.38%
Return on Equity (ROE)	0.00%	3,227.16%	-19.21%	88.65%	22.29%	-0.41%	7.49%	19.67%	-61.11%	-15.89%	5.72%
Cash Return on Invested Capital (CROIC)	0.00%	-195.26%	-120.26%	5.79%	14.58%	14.09%	-37.00%	11.34%	-40.75%	4.70%	13.25%
Operating Return on Assets (OROA)	0.00%	1.76%	6.67%	27.22%	9.30%	3.27%	-1.42%	4.58%	-0.20%	-0.19%	3.64%
Return on Assets (ROA)	0.00%	-4.35%	-1.66%	20.73%	7.46%	-0.15%	2.11%	4.70%	-12.07%	-3.35%	1.87%
Return on Common Equity (ROCE)	0.00%	3,227.16%	-19.21%	88.65%	22.29%	-0.41%	7.38%	19.23%	-59.73%	-15.52%	4.46%
Return on Equity Simple (ROE_SIMPLE)	0.00%	1,613.58%	-9.46%	63.84%	18.77%	-0.41%	7.25%	18.46%	-83.47%	-12.76%	0.00%
Net Operating Profit after Tax (NOPAT)	-4.70	4.33	-198	148	69	-5.05	-11	39	6.12	13	34
NOPAT Margin	-0.73%	0.81%	-26.03%	11.45%	5.70%	-0.45%	-1.04%	2.76%	0.42%	1.09%	2.50%
Net Nonoperating Expense Percent (NNEP)	0.00%	26.39%	-112.35%	16.79%	12.29%	-5.10%	-35.71%	-28.16%	72.80%	17.32%	3.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-	-	-	3.95%
Cost of Revenue to Revenue	79.57%	79.99%	78.69%	77.38%	80.40%	80.72%	77.45%	71.99%	71.19%	70.89%	71.20%
SG&A Expenses to Revenue	13.87%	10.76%	8.77%	6.56%	8.52%	10.96%	14.99%	14.67%	18.09%	19.98%	17.40%
R&D to Revenue	6.80%	7.13%	5.01%	3.09%	3.95%	4.64%	5.68%	5.55%	6.28%	6.96%	5.83%
Operating Expenses to Revenue	21.47%	18.85%	14.24%	9.42%	12.25%	15.60%	24.03%	23.20%	28.20%	27.54%	24.56%
Earnings before Interest and Taxes (EBIT)	-12	8.06	31	157	64	24	-15	67	-3.09	-2.79	56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	42	44	73	186	96	67	29	124	73	67	116
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	4.84	3.93	2.40	2.13	3.73	2.59	5.38	2.80	3.21
Price to Tangible Book Value (P/TBV)	0.00	0.00	12.76	6.37	5.34	3.95	8.58	4.04	0.00	10.15	7.87
Price to Revenue (P/Rev)	0.00	0.00	0.52	0.57	0.54	0.54	1.10	0.69	0.83	0.94	0.92
Price to Earnings (P/E)	0.00	0.00	0.00	6.16	12.77	0.00	54.29	14.48	0.00	0.00	30.95
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	16.23%	7.83%	0.00%	1.84%	6.91%	0.00%	0.00%	3.23%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	2.33	2.49	2.00	1.98	2.83	2.77	2.41	2.06	2.41
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.73	0.71	0.63	0.58	1.24	0.89	1.15	1.17	1.09
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	7.61	4.92	7.96	9.70	45.73	10.03	22.78	20.59	12.82
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	17.68	5.84	11.93	26.54	0.00	18.58	0.00	0.00	26.45
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	6.21	11.06	0.00	0.00	32.17	270.20	107.14	43.36
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	13.49	4.50	7.41	8.53	11.83	15.84	17.78	13.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	52.37	14.00	12.95	0.00	24.04	0.00	43.16	17.48
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	-196.20	2.15	1.13	0.76	0.69	1.15	1.54	3.67	1.65	0.76
Long-Term Debt to Equity	0.00	-182.37	1.87	0.98	0.67	0.69	1.07	1.52	3.29	1.65	0.73
Financial Leverage	0.00	-148.80	4.18	1.24	0.63	0.28	0.31	0.31	0.87	1.15	0.27
Leverage Ratio	0.00	-370.78	11.57	4.28	2.99	2.68	3.55	4.18	5.06	4.74	3.07
Compound Leverage Factor	0.00	805.88	0.78	3.76	3.09	1.03	7.57	2.66	64.72	53.00	2.67
Debt to Total Capital	0.00%	100.51%	68.27%	53.07%	43.02%	40.94%	53.43%	60.68%	78.57%	62.22%	43.16%
Short-Term Debt to Total Capital	0.00%	7.09%	8.80%	6.87%	5.01%	0.00%	3.70%	0.88%	8.00%	0.00%	1.86%
Long-Term Debt to Total Capital	0.00%	93.42%	59.48%	46.19%	38.01%	40.94%	49.72%	59.80%	70.57%	62.22%	41.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.27%	0.72%	0.63%	0.74%	20.00%
Common Equity to Total Capital	0.00%	-0.51%	31.73%	46.93%	56.98%	59.06%	45.31%	38.60%	20.80%	37.04%	36.84%
Debt to EBITDA	0.00	5.49	2.44	1.14	2.15	2.93	12.79	4.72	11.58	9.86	3.98
Net Debt to EBITDA	0.00	4.16	2.13	0.97	1.13	0.67	4.99	2.19	6.19	4.02	0.07
Long-Term Debt to EBITDA	0.00	5.10	2.12	0.99	1.90	2.93	11.90	4.65	10.40	9.86	3.81
Debt to NOPAT	0.00	56.06	-0.89	1.43	2.99	-38.75	-33.28	15.14	137.29	51.33	13.47
Net Debt to NOPAT	0.00	42.52	-0.78	1.22	1.57	-8.87	-12.99	7.02	73.45	20.92	0.24
Long-Term Debt to NOPAT	0.00	52.10	-0.78	1.25	2.64	-38.75	-30.97	14.92	123.31	51.33	12.89
Altman Z-Score	0.00	0.00	2.65	4.23	3.66	2.95	1.94	2.22	1.97	1.87	2.19
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.44%	2.24%	2.25%	2.32%	22.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.39	1.45	1.77	1.99	1.97	1.63	2.23	2.13	2.65	2.25
Quick Ratio	0.00	0.87	0.86	0.91	1.33	1.30	0.92	1.30	1.43	1.96	1.61
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-179	-253	17	55	50	-146	52	-231	32	85
Operating Cash Flow to CapEx	129.40%	110.96%	-5.18%	267.00%	507.45%	268.78%	919.97%	515.40%	264.80%	397.37%	1,210.43%
Free Cash Flow to Firm to Interest Expense	0.00	-6.98	-8.65	0.91	2.64	3.33	-8.51	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.48	0.59	-0.03	3.55	8.19	5.81	8.95	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.34	0.06	-0.65	2.22	6.58	3.65	7.97	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	1.17	1.62	2.24	1.76	1.51	0.99	0.96	0.94	0.79	0.89
Accounts Receivable Turnover	0.00	3.79	4.69	6.13	5.33	5.18	3.99	4.18	5.02	4.97	4.89
Inventory Turnover	0.00	4.15	5.20	5.72	5.73	6.43	3.11	3.20	4.68	5.09	4.80
Fixed Asset Turnover	0.00	9.28	13.50	23.06	19.40	18.24	10.01	11.04	13.38	10.39	13.75
Accounts Payable Turnover	0.00	2.16	3.09	4.83	5.02	4.33	2.22	2.40	3.83	4.14	3.62
Days Sales Outstanding (DSO)	0.00	96.32	77.75	59.55	68.46	70.46	91.52	87.39	72.72	73.42	74.62
Days Inventory Outstanding (DIO)	0.00	88.00	70.13	63.79	63.70	56.75	117.55	113.94	78.04	71.72	76.11
Days Payable Outstanding (DPO)	0.00	169.04	118.11	75.56	72.67	84.25	164.62	152.24	95.36	88.20	100.72
Cash Conversion Cycle (CCC)	0.00	15.29	29.77	47.77	59.49	42.97	44.44	49.09	55.39	56.94	50.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	183	237	367	382	327	462	449	686	667	616
Invested Capital Turnover	0.00	5.85	3.62	4.26	3.24	3.17	2.68	3.07	2.54	1.73	2.13
Increase / (Decrease) in Invested Capital	0.00	183	54	130	14	-55	135	-13	237	-19	-51
Enterprise Value (EV)	0.00	0.00	554	916	764	647	1,309	1,242	1,654	1,372	1,487
Market Capitalization	0.00	0.00	399	736	656	602	1,157	964	1,198	1,096	1,264
Book Value per Share	$0.00	($0.09)	$3.80	$8.39	$11.85	$11.68	$12.79	$7.43	$4.44	$7.40	$7.52
Tangible Book Value per Share	$0.00	($4.56)	$1.44	$5.18	$5.32	$6.31	$5.56	$4.77	($1.99)	$2.04	$3.06
Total Capital	0.00	241	260	399	480	478	685	963	1,070	1,057	1,070
Total Debt	0.00	243	177	212	207	196	366	584	840	657	462
Total Long-Term Debt	0.00	226	154	184	182	196	340	576	755	657	442
Net Debt	0.00	184	155	180	108	45	143	271	450	268	8.08
Capital Expenditures (CapEx)	32	14	18	25	33	32	17	20	39	19	9.01
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	49	108	222	160	123	169	331	176	151	157
Debt-free Net Working Capital (DFNWC)	0.00	107	130	254	258	274	392	645	567	540	610
Net Working Capital (NWC)	0.00	90	107	226	234	274	367	636	481	540	590
Net Nonoperating Expense (NNE)	42	24	-190	28	18	-3.90	-34	-30	192	63	5.44
Net Nonoperating Obligations (NNO)	0.00	184	155	180	108	45	143	70	457	268	8.08
Total Depreciation and Amortization (D&A)	55	36	41	29	32	42	44	57	76	69	60
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	9.09%	14.12%	17.25%	13.22%	11.00%	16.05%	23.75%	12.21%	12.87%	11.43%
Debt-free Net Working Capital to Revenue	0.00%	20.06%	17.07%	19.68%	21.32%	24.43%	37.17%	46.19%	39.32%	46.13%	44.58%
Net Working Capital to Revenue	0.00%	16.86%	14.07%	17.56%	19.34%	24.43%	34.77%	45.59%	33.38%	46.13%	43.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.68)	($0.72)	($0.25)	$2.71	$1.12	($0.03)	$0.44	$1.35	($3.78)	($1.00)	$0.29
Adjusted Weighted Average Basic Shares Outstanding	27.67M	27.68M	43.55M	44.10M	45.92M	47.99M	48.56M	49.47M	49.57M	52.43M	53.15M
Adjusted Diluted Earnings per Share	($1.68)	($0.72)	($0.25)	$2.59	$1.10	($0.03)	$0.42	$1.22	($3.65)	($1.00)	$0.28
Adjusted Weighted Average Diluted Shares Outstanding	27.67M	27.68M	43.55M	46.24M	46.94M	47.99M	51.58M	54.44M	51.32M	52.43M	54.37M
Adjusted Basic & Diluted Earnings per Share	($1.68)	($0.72)	($0.25)	$0.00	$1.12	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	27.67M	27.68M	31.57M	45.21M	47.49M	48.84M	48.75M	48.62M	51.92M	53.29M	52.86M
Normalized Net Operating Profit after Tax (NOPAT)	-3.90	5.12	38	145	67	29	12	62	40	13	44
Normalized NOPAT Margin	-0.61%	0.96%	5.00%	11.25%	5.53%	2.58%	1.11%	4.47%	2.76%	1.09%	3.20%
Pre Tax Income Margin	-6.19%	-3.28%	0.28%	10.69%	5.46%	0.83%	-3.06%	3.04%	-2.74%	-2.66%	3.57%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-0.44	0.32	1.07	8.20	3.09	1.62	-0.88	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-0.17	0.17	-6.79	7.71	3.33	-0.34	-0.64	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-1.59	-0.22	0.46	6.87	1.48	-0.54	-1.85	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-1.31	-0.36	-7.40	6.38	1.72	-2.50	-1.61	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.50%	-1.08%	-2.94%	27.26%
Augmented Payout Ratio	-6.66%	-0.62%	-14.74%	1.33%	1.01%	-65.53%	215.56%	88.94%	-14.37%	-45.62%	208.70%

This table displays calculated financial ratios and metrics derived from Penguin Solutions' official financial filings.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	8/25/2023	12/1/2023	3/1/2024	5/31/2024	8/30/2024	11/29/2024	2/28/2025	5/30/2025	8/29/2025	11/28/2025	2/27/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	52,560,157.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	52,560,157.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.59
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2,126.69%	-30.00%	-26.66%	-12.73%	-1.74%	24.38%	28.33%	7.75%	30.78%	0.58%	-6.16%
EBITDA Growth	220.24%	-40.06%	408.70%	63.64%	-78.04%	58.59%	131.28%	-4.38%	470.67%	-34.47%	99.15%
EBIT Growth	92.87%	-88.40%	76.86%	504.01%	-934.83%	788.89%	625.20%	1.92%	178.05%	-52.71%	187.06%
NOPAT Growth	91.69%	113.16%	-59.46%	975.17%	636.36%	819.45%	528.37%	-78.31%	128.15%	79.60%	88.27%
Net Income Growth	-786.13%	-463.64%	51.44%	125.86%	83.02%	130.81%	168.20%	-44.59%	113.83%	1.53%	334.46%
EPS Growth	-810.00%	-480.00%	52.73%	120.00%	83.80%	126.32%	134.62%	-110.00%	121.74%	-60.00%	544.44%
Operating Cash Flow Growth	76.02%	142.55%	-121.80%	94.41%	-133.03%	-56.10%	432.51%	16.35%	-479.41%	124.75%	-24.60%
Free Cash Flow Firm Growth	-31,138.32%	121.99%	136.16%	160.06%	110.54%	-87.51%	-39.13%	-31.81%	157.80%	239.27%	7.50%
Invested Capital Growth	52.89%	-22.06%	-15.06%	-19.55%	-2.77%	-2.33%	-9.14%	-17.65%	-7.61%	-10.10%	-9.52%
Revenue Q/Q Growth	-8.06%	-13.39%	3.86%	5.53%	3.52%	9.63%	7.16%	-11.39%	4.45%	1.41%	-0.02%
EBITDA Q/Q Growth	11.41%	10.26%	-29.22%	88.22%	-85.05%	696.34%	3.22%	-22.19%	-10.78%	-8.56%	213.70%
EBIT Q/Q Growth	57.04%	259.81%	-289.26%	410.96%	-210.03%	237.27%	11.82%	-39.66%	-15.73%	-16.83%	578.79%
NOPAT Q/Q Growth	31.31%	179.62%	-353.79%	730.48%	-57.90%	36.49%	18.24%	-68.07%	342.75%	7.45%	23.95%
Net Income Q/Q Growth	-482.11%	86.19%	32.82%	147.87%	-482.14%	125.07%	48.74%	-61.11%	205.80%	-42.61%	536.52%
EPS Q/Q Growth	-468.00%	86.62%	31.58%	138.46%	-560.00%	121.74%	-10.00%	-111.11%	1,100.00%	-60.00%	1,350.00%
Operating Cash Flow Q/Q Growth	-10.33%	-14.46%	-169.63%	464.01%	-115.24%	213.68%	427.37%	27.37%	-175.88%	144.10%	76.93%
Free Cash Flow Firm Q/Q Growth	14.59%	182.20%	-39.11%	40.50%	-85.01%	-2.61%	196.78%	57.38%	-43.33%	28.17%	-5.96%
Invested Capital Q/Q Growth	-12.39%	0.48%	-0.43%	-8.21%	5.88%	0.93%	-7.37%	-16.81%	18.78%	-1.78%	-6.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	28.92%	30.21%	28.77%	29.58%	27.99%	28.68%	28.63%	29.36%	28.59%	28.01%	27.32%
EBITDA Margin	5.89%	7.50%	5.11%	9.12%	1.32%	9.57%	9.22%	8.09%	6.91%	6.23%	19.56%
Operating Margin	-0.52%	0.48%	-1.16%	3.83%	2.83%	5.09%	5.06%	3.04%	3.68%	5.71%	7.49%
EBIT Margin	-0.37%	0.69%	-1.25%	3.68%	-3.91%	4.90%	5.12%	3.48%	2.81%	2.30%	15.65%
Profit (Net Income) Margin	-44.26%	-7.06%	-4.57%	2.07%	-7.65%	1.75%	2.43%	1.07%	3.12%	1.76%	11.24%
Tax Burden Percent	1,352.85%	252.15%	120.33%	126.98%	135.31%	48.39%	53.72%	32.22%	112.79%	77.04%	72.79%
Interest Burden Percent	880.20%	-408.19%	303.62%	44.29%	144.36%	73.71%	88.32%	94.92%	98.39%	99.41%	98.66%
Effective Tax Rate	0.00%	0.00%	0.00%	-26.98%	0.00%	51.61%	46.28%	67.78%	-12.79%	22.96%	27.21%
Return on Invested Capital (ROIC)	-0.92%	0.56%	-1.33%	8.10%	3.42%	4.47%	5.47%	2.29%	8.85%	9.43%	12.37%
ROIC Less NNEP Spread (ROIC-NNEP)	-53.67%	-4.52%	-4.17%	5.55%	-4.84%	3.57%	4.73%	2.74%	6.32%	2.62%	-102.30%
Return on Net Nonoperating Assets (RNNOA)	-46.54%	-4.65%	-4.22%	4.84%	-5.58%	2.33%	1.32%	0.33%	1.73%	0.69%	2.90%
Return on Equity (ROE)	-47.46%	-4.09%	-5.55%	12.94%	-2.16%	6.80%	6.79%	2.62%	10.58%	10.11%	15.27%
Cash Return on Invested Capital (CROIC)	-40.75%	24.37%	15.72%	22.44%	4.70%	5.89%	8.13%	16.98%	13.25%	16.78%	18.24%
Operating Return on Assets (OROA)	-0.35%	0.53%	-0.97%	2.76%	-3.08%	3.78%	4.05%	2.79%	2.49%	1.99%	11.85%
Return on Assets (ROA)	-41.45%	-5.44%	-3.53%	1.55%	-6.01%	1.35%	1.92%	0.85%	2.76%	1.52%	8.51%
Return on Common Equity (ROCE)	-46.39%	-4.02%	-5.46%	12.71%	-2.11%	6.68%	6.69%	2.57%	8.25%	7.88%	12.46%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-51.29%	-48.54%	-39.27%	0.00%	-6.15%	-0.45%	-0.94%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-1.15	0.91	-2.32	15	6.15	8.40	9.93	3.17	14	15	19
NOPAT Margin	-0.36%	0.33%	-0.81%	4.86%	1.98%	2.46%	2.72%	0.98%	4.15%	4.40%	5.45%
Net Nonoperating Expense Percent (NNEP)	52.75%	5.08%	2.84%	2.55%	8.26%	0.91%	0.74%	-0.45%	2.53%	6.81%	114.67%
Return On Investment Capital (ROIC_SIMPLE)	-	0.07%	-0.20%	-	-	0.79%	0.78%	0.25%	1.62%	1.75%	2.20%
Cost of Revenue to Revenue	71.08%	69.79%	71.23%	70.42%	72.01%	71.32%	71.37%	70.76%	71.30%	71.99%	72.68%
SG&A Expenses to Revenue	20.54%	20.86%	21.55%	19.05%	18.65%	17.75%	16.23%	18.44%	17.32%	15.48%	13.99%
R&D to Revenue	6.59%	7.80%	7.21%	6.55%	6.41%	5.81%	5.45%	6.24%	5.87%	5.45%	5.53%
Operating Expenses to Revenue	29.44%	29.73%	29.93%	25.75%	25.16%	23.59%	23.57%	26.32%	24.91%	22.31%	19.83%
Earnings before Interest and Taxes (EBIT)	-1.18	1.88	-3.56	11	-12	17	19	11	9.51	7.91	54
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	19	21	15	27	4.10	33	34	26	23	21	67
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.38	2.09	2.88	2.54	2.80	2.41	1.76	1.63	3.21	2.74	2.77
Price to Tangible Book Value (P/TBV)	0.00	8.74	11.43	8.27	10.15	7.64	3.09	2.81	7.87	6.55	6.23
Price to Revenue (P/Rev)	0.83	0.65	0.96	0.92	0.94	0.78	0.81	0.71	0.92	0.78	0.81
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	102.24	0.00	30.95	28.41	17.21
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.98%	0.00%	3.23%	3.52%	5.81%
Enterprise Value to Invested Capital (EV/IC)	2.41	1.65	2.11	2.04	2.06	1.84	1.74	1.71	2.41	2.12	2.24
Enterprise Value to Revenue (EV/Rev)	1.15	0.86	1.19	1.09	1.17	1.00	0.82	0.66	1.09	0.94	0.94
Enterprise Value to EBITDA (EV/EBITDA)	22.78	19.28	20.53	15.80	20.59	15.75	11.07	9.18	12.82	12.28	9.14
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	156.18	0.00	102.87	31.57	25.71	26.45	27.11	15.32
Enterprise Value to NOPAT (EV/NOPAT)	270.20	0.00	0.00	233.01	107.14	51.56	0.00	0.00	43.36	32.70	25.77
Enterprise Value to Operating Cash Flow (EV/OCF)	15.84	5.41	16.57	10.17	17.78	20.82	7.02	5.30	13.63	10.17	11.64
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	5.92	12.33	8.09	43.16	30.89	20.35	9.10	17.48	11.98	11.64
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.67	1.99	1.80	1.55	1.65	1.61	1.08	1.11	0.76	0.76	0.73
Long-Term Debt to Equity	3.29	1.80	1.80	1.55	1.65	1.61	1.04	1.08	0.73	0.73	0.73
Financial Leverage	0.87	1.03	1.01	0.87	1.15	0.65	0.28	0.12	0.27	0.26	-0.03
Leverage Ratio	5.06	4.43	4.25	4.16	4.74	3.90	3.25	3.27	3.07	3.14	2.91
Compound Leverage Factor	44.58	-18.10	12.90	1.84	6.85	2.87	2.87	3.10	3.02	3.12	2.87
Debt to Total Capital	78.57%	66.53%	64.28%	60.77%	62.22%	61.67%	51.85%	52.57%	43.16%	43.34%	42.03%
Short-Term Debt to Total Capital	8.00%	6.32%	0.00%	0.00%	0.00%	0.00%	1.57%	1.59%	1.86%	1.87%	0.00%
Long-Term Debt to Total Capital	70.57%	60.21%	64.28%	60.77%	62.22%	61.67%	50.28%	50.99%	41.30%	41.46%	42.03%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.63%	0.47%	0.56%	0.64%	0.74%	0.80%	0.74%	0.81%	20.00%	20.13%	20.49%
Common Equity to Total Capital	20.80%	33.00%	35.15%	38.58%	37.04%	37.52%	47.42%	46.62%	36.84%	36.53%	37.48%
Debt to EBITDA	11.58	14.05	10.50	8.21	9.86	8.36	6.73	6.83	3.98	4.42	3.21
Net Debt to EBITDA	6.19	4.64	3.90	2.46	4.02	3.36	0.12	-0.79	0.07	0.01	-0.34
Long-Term Debt to EBITDA	10.40	12.71	10.50	8.21	9.86	8.36	6.53	6.62	3.81	4.23	3.21
Debt to NOPAT	137.29	-246.23	-175.41	121.16	51.33	27.37	-69.42	-48.28	13.47	11.77	9.05
Net Debt to NOPAT	73.45	-81.41	-65.10	36.24	20.92	11.00	-1.24	5.57	0.24	0.02	-0.95
Long-Term Debt to NOPAT	123.31	-222.85	-175.41	121.16	51.33	27.37	-67.33	-46.82	12.89	11.26	9.05
Altman Z-Score	1.98	1.75	1.96	1.87	1.85	1.77	1.84	1.78	2.10	2.02	1.96
Noncontrolling Interest Sharing Ratio	2.25%	1.69%	1.64%	1.74%	2.32%	1.75%	1.55%	1.68%	22.02%	22.04%	18.42%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.13	2.68	3.30	2.68	2.65	2.33	2.63	2.62	2.25	2.33	2.10
Quick Ratio	1.43	1.96	2.37	1.93	1.96	1.57	2.06	2.16	1.61	1.75	1.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-238	196	119	168	25	24	73	114	65	83	78
Operating Cash Flow to CapEx	475.01%	677.24%	-421.16%	2,112.26%	-209.77%	752.67%	3,121.07%	4,844.52%	-2,407.97%	1,088.61%	3,428.07%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.94	0.77	0.77	0.75	0.79	0.77	0.79	0.80	0.89	0.86	0.76
Accounts Receivable Turnover	5.02	5.55	6.11	5.17	4.97	5.55	5.27	5.32	4.89	4.44	3.85
Inventory Turnover	4.68	3.00	3.70	4.12	5.09	3.87	5.05	5.29	4.80	4.25	3.70
Fixed Asset Turnover	13.38	9.55	8.67	8.24	10.39	11.64	12.76	13.31	13.75	14.38	14.65
Accounts Payable Turnover	3.83	3.08	4.23	3.77	4.14	3.50	4.09	3.54	3.62	3.09	2.64
Days Sales Outstanding (DSO)	72.72	65.75	59.71	70.66	73.42	65.80	69.23	68.60	74.62	82.23	94.89
Days Inventory Outstanding (DIO)	78.04	121.54	98.75	88.58	71.72	94.24	72.33	68.94	76.11	85.85	98.57
Days Payable Outstanding (DPO)	95.36	118.37	86.32	96.80	88.20	104.24	89.34	103.17	100.72	117.94	138.32
Cash Conversion Cycle (CCC)	55.39	68.92	72.14	62.44	56.94	55.80	52.22	34.37	50.00	50.13	55.14
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	686	689	686	630	667	673	624	519	616	605	564
Invested Capital Turnover	2.54	1.68	1.63	1.66	1.73	1.82	2.01	2.34	2.13	2.14	2.27
Increase / (Decrease) in Invested Capital	237	-195	-122	-153	-19	-16	-63	-111	-51	-68	-59
Enterprise Value (EV)	1,654	1,135	1,449	1,283	1,372	1,240	1,083	887	1,487	1,285	1,262
Market Capitalization	1,198	856	1,167	1,076	1,096	967	1,062	953	1,264	1,069	1,092
Book Value per Share	$4.44	$7.90	$7.81	$8.10	$7.40	$7.51	$11.31	$10.89	$7.52	$7.37	$7.51
Tangible Book Value per Share	($1.99)	$1.89	$1.97	$2.49	$2.04	$2.37	$6.44	$6.32	$3.06	$3.09	$3.34
Total Capital	1,070	1,243	1,152	1,098	1,057	1,067	1,271	1,254	1,070	1,067	1,053
Total Debt	840	827	741	667	657	658	659	659	462	462	443
Total Long-Term Debt	755	748	741	667	657	658	639	640	442	442	443
Net Debt	450	273	275	200	268	264	12	-76	8.08	0.86	-46
Capital Expenditures (CapEx)	7.75	4.65	5.20	3.78	5.80	1.84	2.34	1.92	2.93	2.85	1.60
Debt-free, Cash-free Net Working Capital (DFCFNWC)	176	143	151	124	151	175	144	58	157	167	159
Debt-free Net Working Capital (DFNWC)	567	697	617	591	540	569	791	793	610	629	648
Net Working Capital (NWC)	481	618	617	591	540	569	771	773	590	609	648
Net Nonoperating Expense (NNE)	139	20	11	8.39	30	2.44	1.06	-0.28	3.49	9.03	-20
Net Nonoperating Obligations (NNO)	457	273	275	200	268	264	12	-76	8.08	0.86	-46
Total Depreciation and Amortization (D&A)	20	19	18	16	16	16	15	15	14	13	13
Debt-free, Cash-free Net Working Capital to Revenue	12.21%	10.81%	12.38%	10.51%	12.87%	14.14%	10.92%	4.29%	11.43%	12.21%	11.76%
Debt-free Net Working Capital to Revenue	39.32%	52.62%	50.55%	50.26%	46.13%	45.95%	60.00%	59.11%	44.58%	45.88%	48.04%
Net Working Capital to Revenue	33.38%	46.69%	50.55%	50.26%	46.13%	45.95%	58.49%	57.63%	43.13%	44.42%	48.04%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($2.84)	($0.38)	($0.26)	$0.11	($0.47)	$0.10	$0.09	($0.01)	$0.11	$0.04	$0.59
Adjusted Weighted Average Basic Shares Outstanding	49.57M	52.07M	52.03M	52.57M	52.43M	53.48M	53.45M	53.13M	53.15M	52.90M	52.28M
Adjusted Diluted Earnings per Share	($2.84)	($0.38)	($0.26)	$0.10	($0.46)	$0.10	$0.09	($0.01)	$0.10	$0.04	$0.58
Adjusted Weighted Average Diluted Shares Outstanding	51.32M	52.07M	52.03M	54.28M	52.43M	54.31M	54.38M	53.74M	54.37M	54.99M	53.19M
Adjusted Basic & Diluted Earnings per Share	($2.84)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	51.92M	51.83M	52.30M	52.91M	53.29M	53.29M	53.68M	52.40M	52.86M	52.56M	50.75M
Normalized Net Operating Profit after Tax (NOPAT)	1.72	0.91	-2.32	8.06	6.15	12	13	11	8.71	15	19
Normalized NOPAT Margin	0.54%	0.33%	-0.81%	2.68%	1.98%	3.56%	3.61%	3.27%	2.58%	4.40%	5.45%
Pre Tax Income Margin	-3.27%	-2.80%	-3.80%	1.63%	-5.65%	3.61%	4.52%	3.31%	2.77%	2.29%	15.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	-1.08%	-1.65%	-0.75%	-0.88%	-2.94%	0.00%	-81.76%	-92.61%	27.26%	38.00%	20.18%
Augmented Payout Ratio	-14.37%	-17.41%	-13.11%	-16.39%	-45.62%	-78.43%	-925.49%	-1,046.99%	208.70%	250.24%	176.95%

Financials Breakdown Chart

Key Financial Trends

Here are the top takeaways from Penguin Solutions’ latest quarterly statements (covering the last four years of quarterly data). The focus is on trends a retail investor can reasonably track over time.

Strong operating cash flow in Q1 2026: Net cash from continuing operating activities was $31.06 million, signaling solid cash generation from core operations.
Healthy revenue level in Q1 2026: Operating revenue reached $343.07 million, with gross profit of $96.11 million, placing gross margin in the roughly 28% range.
Gross margin remains stable: Gross margin has broadly trended in the 28–29% band across 2024–2026, indicating consistent product profitability.
Debt level improving in the near term: Long-term debt declined to about $442.33 million in Q1 2026 from ~$638.90 million at the end of 2025, improving the balance sheet’s leverage profile.
Strong liquidity cushion: Cash & equivalents stood at about $461.45 million in Q1 2026, providing a sizable liquidity runway.
Notable non-cash adjustments: Non-cash adjustments to reconciliate net income were $20.08 million in Q1 2026, which back out of earnings to arrive at cash flow numbers.
Treasury stock reduces equity: Treasury stock is reported at about −$226.27 million, reducing total shareholders’ equity and signaling ongoing share-repurchase activity that affects book value.
Financing outflows in late 2025: Net cash from financing activities was notably negative in Q4 2025 (around −$208.05 million), indicating substantial financing activity that can impact liquidity and capital structure.
Profitability to shareholders remains modest: Net income attributable to common shareholders was about $2.01 million on $343.07 million in revenue in Q1 2026 (roughly 0.6% margin), suggesting limited profitability despite a solid top line.
Debt burden persists despite improvement: While LT debt has come down from late-2025 levels, it remains sizable (about $442.3 million in Q1 2026; peers previously showed higher debt), indicating ongoing leverage and refinancing risk going forward.

05/14/26 12:49 AM ETAI Generated. May Contain Errors.

Penguin Solutions Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Penguin Solutions' fiscal year ends in August. Their fiscal year 2025 ended on August 29, 2025.

Penguin Solutions' net income appears to be on an upward trend, with a most recent value of $28.84 million in 2025, falling from -$46.45 million in 2015. The previous period was -$102.41 million in 2024. Check out Penguin Solutions' forecast to explore projected trends and price targets.

Penguin Solutions' total operating income in 2025 was $58.14 million, based on the following breakdown:

Total Gross Profit: $394.27 million
Total Operating Expenses: $336.14 million

Over the last 10 years, Penguin Solutions' total revenue changed from $643.47 million in 2015 to $1.37 billion in 2025, a change of 112.7%.

Penguin Solutions' total liabilities were at $1.01 billion at the end of 2025, a 6.2% decrease from 2024, and a 119.4% increase since 2016.

In the past 9 years, Penguin Solutions' cash and equivalents has ranged from $22.44 million in 2017 to $453.75 million in 2025, and is currently $453.75 million as of their latest financial filing in 2025.

Over the last 10 years, Penguin Solutions' book value per share changed from 0.00 in 2015 to 7.52 in 2025, a change of 752.4%.

Related Companies

Financial statements for NASDAQ:PENG last updated on 4/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Penguin Solutions (PENG) Financials

Financials Breakdown Chart

Key Financial Trends

Penguin Solutions Financials - Frequently Asked Questions

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Penguin Solutions (PENG) Financials

Annual Income Statements for Penguin Solutions

Quarterly Income Statements for Penguin Solutions

Annual Cash Flow Statements for Penguin Solutions

Quarterly Cash Flow Statements for Penguin Solutions

Annual Balance Sheets for Penguin Solutions

Quarterly Balance Sheets for Penguin Solutions

Annual Metrics And Ratios for Penguin Solutions

Quarterly Metrics And Ratios for Penguin Solutions

Financials Breakdown Chart

Key Financial Trends

Penguin Solutions Financials - Frequently Asked Questions

When does Penguin Solutions' financial year end?

How has Penguin Solutions' net income changed over the last 10 years?

What is Penguin Solutions' operating income?

How has Penguin Solutions' revenue changed over the last 10 years?

How much debt does Penguin Solutions have?

How much cash does Penguin Solutions have?

How has Penguin Solutions' book value per share changed over the last 10 years?

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools