NASDAQ : PENG
Penguin Solutions, Inc. — Financial statements
Technology · Information Technology Services · United States
Last price 58.79 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.54B
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Financial statements
Penguin Solutions, Inc. (PENG) reported revenue of 1.73B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.73B | 1.73B | 1.37B | 1.17B | 1.44B | 1.40B |
| Cost of Revenue | 1.25B | 1.25B | 973.77M | 827.88M | 1.02B | 1.00B |
| Gross Profit | 478.44M | 478.44M | 395.02M | 342.91M | 424.58M | 391.05M |
| Selling, General & Admin | 218.50M | 218.50M | 236.35M | 225.11M | 239.85M | 197.75M |
| Research & Development | 81.68M | 81.68M | 79.80M | 81.54M | 90.56M | 77.47M |
| Operating Expenses | 300.17M | 300.17M | 316.15M | 306.64M | 330.42M | 275.22M |
| Operating Income | 178.27M | 178.27M | 78.87M | 36.27M | 94.17M | 115.82M |
| Interest Expense | -438.00K | -438.00K | -7.30M | -28.38M | -36.42M | -24.34M |
| Other Non Operating Income (Expenses) | -748.00K | -748.00K | 1.05M | 1.86M | 1.10M | 516.00K |
| EBT Excluding Unusual Items | 177.08M | 177.08M | 72.62M | 9.75M | 58.84M | 92.00M |
| Merger & Restructuring Charges | -12.67M | -12.67M | -4.67M | -17.97M | -37.33M | -7.32M |
| Impairment of Goodwill | -16.06M | -19.09M | ||||
| Gain (Loss) on Sale of Investments | 20.94M | 20.94M | ||||
| Gain (Loss) on Sale of Assets | -181.00K | -181.00K | -76.00K | -179.00K | 2.99M | -213.00K |
| Other Unusual Items | -33.25M | -33.25M | -2.91M | -22.76M | -44.92M | -41.98M |
| Pretax Income | 151.92M | 151.92M | 48.90M | -31.17M | -39.51M | 42.48M |
| Income Tax Expense | -33.87M | -33.87M | 20.07M | 10.62M | -49.20M | 18.07M |
| Earnings From Continuing Operations | 185.79M | 185.79M | 28.84M | -41.78M | 9.69M | 24.41M |
| Earnings From Discontinued Operations | -8.15M | -195.38M | 44.19M | |||
| Net Income to Company | 185.79M | 185.79M | 28.84M | -49.93M | -185.69M | 68.59M |
| Minority Interest in Earnings | -5.17M | -5.17M | -3.44M | -2.54M | -1.83M | -2.04M |
| Net Income | 180.62M | 180.62M | 25.39M | -52.47M | -187.53M | 66.56M |
| Preferred Dividends & Other Adjustments | 29.53M | 29.53M | 9.93M | |||
| Net Income to Common | 151.09M | 151.09M | 15.46M | -52.47M | -187.53M | 66.56M |
| Shares Outstanding (Basic) | 52.95M | 52.95M | 53.15M | 52.43M | 49.57M | 49.47M |
| Shares Outstanding (Diluted) | 58.83M | 58.83M | 54.37M | 52.43M | 51.32M | 54.44M |
| EPS (Basic) | 2.85 | 2.85 | 0.29 | -1.00 | -3.78 | 1.35 |
| EPS (Diluted) | 2.60 | 2.60 | 0.28 | -1.01 | -3.66 | 1.22 |
| Free Cash Flow | -163.48M | -163.48M | 100.07M | 57.76M | 64.97M | 84.57M |
| Free Cash Flow Per Share | -2.78 | -2.78 | 1.84 | 1.10 | 1.27 | 1.55 |
| Gross Margin | 27.63% | 27.63% | 28.86% | 29.29% | 29.46% | 28.01% |
| Operating Margin | 10.30% | 10.30% | 5.76% | 3.10% | 6.53% | 8.30% |
| Profit Margin | 8.73% | 8.73% | 1.13% | -4.48% | -13.01% | 4.77% |
| Free Cash Flow Margin | -9.44% | -9.44% | 7.31% | 4.93% | 4.51% | 6.06% |
| EBITDA | 228.44M | 228.44M | 135.09M | 101.98M | 165.80M | 162.49M |
| EBITDA Margin | 13.19% | 13.19% | 9.87% | 8.71% | 11.50% | 11.64% |
| D&A For EBITDA | 50.18M | 50.18M | 56.22M | 65.72M | 71.63M | 46.66M |
| EBIT | 178.27M | 178.27M | 78.87M | 36.27M | 94.17M | 115.82M |
| EBIT Margin | 10.30% | 10.30% | 5.76% | 3.10% | 6.53% | 8.30% |
| Effective Tax Rate | 41.03% | 42.55% | ||||
| Revenue as Reported | 1.73B | 1.73B | 1.37B | 1.17B | 1.44B | 1.40B |
Balance sheet
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 647.21M | 647.21M | 453.75M | 383.15M | 365.56M | 313.33M |
| Short-Term Investments | 6.34M | 25.25M | ||||
| Cash & Short-Term Investments | 647.21M | 647.21M | 453.75M | 389.48M | 390.81M | 313.33M |
| Accounts Receivable | 796.26M | 796.26M | 307.90M | 251.74M | 219.25M | 356.32M |
| Receivables | 796.26M | 796.26M | 307.90M | 251.74M | 219.25M | 356.32M |
| Inventory | 748.78M | 748.78M | 255.18M | 151.21M | 174.98M | 263.77M |
| Other Current Assets | 56.25M | 56.25M | 47.39M | 75.26M | 122.36M | 218.44M |
| Total Current Assets | 2.25B | 2.25B | 1.06B | 867.70M | 907.40M | 1.15B |
| Property, Plant & Equipment | 138.48M | 138.48M | 151.45M | 166.90M | 187.18M | 168.53M |
| Long-Term Investments | 53.00M | 53.00M | ||||
| Goodwill | 145.90M | 145.90M | 145.90M | 161.96M | 161.96M | 55.12M |
| Other Intangible Assets | 59.86M | 59.86M | 87.75M | 121.45M | 160.19M | 77.81M |
| Long-Term Deferred Tax Assets | 173.39M | 173.39M | 99.11M | 85.08M | 74.08M | 4.58M |
| Other Long-Term Assets | 12.01M | 12.01M | 15.77M | 18.41M | 15.15M | 114.16M |
| Total Assets | 2.78B | 2.78B | 1.62B | 1.47B | 1.51B | 1.57B |
| Accounts Payable | 816.92M | 816.92M | 267.50M | 181.64M | 129.78M | 290.87M |
| Accrued Expenses | 48.44M | 48.44M | 34.17M | 22.82M | 27.66M | 42.77M |
| Current Portion of Long-Term Debt | 53.42M | 53.42M | 19.95M | 35.62M | 8.47M | |
| Current Portion of Leases | 6.34M | 6.34M | ||||
| Current Income Taxes Payable | 21.98M | 21.98M | 15.30M | 11.86M | 13.37M | 14.98M |
| Current Unearned Revenue | 123.28M | 123.28M | 73.89M | 63.95M | 48.10M | 46.18M |
| Other Current Liabilities | 125.56M | 125.56M | 63.09M | 47.32M | 171.72M | 112.27M |
| Total Current Liabilities | 1.20B | 1.20B | 473.90M | 327.60M | 426.25M | 515.54M |
| Long-Term Debt | 735.53M | 735.53M | 441.89M | 657.35M | 754.82M | 575.68M |
| Long-Term Leases | 57.90M | 57.90M | 62.74M | 60.54M | 66.41M | 66.99M |
| Long-Term Unearned Revenue | 33.94M | 33.94M | 16.05M | 12.22M | ||
| Long-Term Deferred Tax Liabilities | 546.00K | 546.00K | 307.00K | 4.49M | 791.00K | 3.47M |
| Other Long-Term Liabilities | 14.38M | 14.38M | 14.09M | 13.10M | 28.46M | 31.83M |
| Total Liabilities | 2.04B | 2.04B | 1.01B | 1.08B | 1.28B | 1.19B |
| Common Stock | 2.21M | 2.21M | 1.88M | 1.81M | 1.73M | 1.59M |
| Additional Paid-In Capital | 583.63M | 583.63M | 551.71M | 513.34M | 476.70M | 448.11M |
| Retained Earnings | 215.19M | 215.19M | 46.71M | 29.98M | 82.46M | 251.34M |
| Treasury Stock | -280.50M | -280.50M | -206.08M | -153.76M | -132.45M | -107.78M |
| Comprehensive Income & Other | 211.00K | 211.00K | 18.00K | 10.00K | -205.96M | -221.66M |
| Total Common Equity | 520.74M | 520.74M | 394.25M | 391.38M | 222.47M | 371.61M |
| Minority Interest | 16.44M | 16.44M | 11.27M | 7.83M | 6.76M | 6.93M |
| Shareholders' Equity | 739.90M | 739.90M | 608.23M | 399.21M | 229.23M | 378.55M |
| Total Liabilities & Equity | 2.78B | 2.78B | 1.62B | 1.47B | 1.51B | 1.57B |
| Total Debt | 853.19M | 853.19M | 524.57M | 717.89M | 856.85M | 651.14M |
| Net Cash (Debt) | -205.98M | -205.98M | -70.82M | -328.40M | -466.03M | -337.81M |
| Net Cash Per Share | -3.50 | -3.50 | -1.30 | -6.26 | -9.08 | -6.20 |
| Filing Date Shares Outstanding | 60.24M | 60.24M | 52.86M | 53.29M | 51.92M | 48.62M |
| Total Common Shares Outstanding | 60.17M | 60.17M | 52.74M | 53.28M | 51.90M | 48.60M |
| Working Capital | 1.05B | 1.05B | 590.33M | 540.11M | 481.15M | 636.33M |
| Book Value Per Share | 8.65 | 8.65 | 7.48 | 7.35 | 4.29 | 7.65 |
| Tangible Book Value | 314.99M | 314.99M | 160.60M | 107.97M | -99.67M | 238.68M |
| Tangible Book Value Per Share | 5.23 | 5.23 | 3.05 | 2.03 | -1.92 | 4.91 |
| Land | 14.98M | 14.98M | 14.98M | 16.13M | 16.13M | 16.13M |
| Buildings | 70.53M | 70.53M | 69.25M | 70.46M | 69.33M | 41.23M |
| Machinery | 136.63M | 136.63M | 136.94M | 137.88M | 130.55M | 113.88M |
Cash flow statement
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 180.62M | 180.62M | 25.39M | -52.47M | -187.53M | 66.56M |
| Depreciation & Amortization | 50.18M | 50.18M | 56.22M | 65.72M | 71.63M | 46.66M |
| Other Amortization | 2.73M | 2.73M | 3.49M | 3.72M | 4.06M | 10.26M |
| Asset Writedown & Restructuring Costs | 16.06M | 19.09M | ||||
| Loss (Gain) From Sale of Investments | -20.94M | -20.94M | ||||
| Stock-Based Compensation | 31.82M | 31.82M | 41.18M | 43.16M | 39.23M | 37.28M |
| Other Operating Activities | -22.27M | -22.27M | -10.05M | 19.72M | 182.54M | 389.00K |
| Change in Accounts Receivable | -488.36M | -488.36M | -56.16M | -32.49M | 162.51M | -97.80M |
| Change in Inventory | -493.60M | -493.60M | -101.61M | 23.77M | 95.22M | 30.73M |
| Change in Accounts Payable | 606.96M | 606.96M | 131.01M | 54.31M | -256.13M | -44.91M |
| Change in Other Net Operating Assets | 964.00K | 964.00K | 7.65M | -19.90M | -66.96M | -10.32M |
| Operating Cash Flow | -151.91M | -151.91M | 109.08M | 77.19M | 104.39M | 104.93M |
| Capital Expenditures | -11.57M | -11.57M | -9.01M | -19.42M | -39.42M | -20.36M |
| Cash Acquisitions | -213.07M | |||||
| Investment in Securities | 71.75M | 71.75M | 7.29M | 8.89M | -29.16M | |
| Other Investing Activities | -2.09M | -2.09M | 26.69M | 118.12M | -16.91M | -18.61M |
| Investing Cash Flow | 58.09M | 58.09M | 24.97M | 107.58M | -298.57M | -38.97M |
| Long-Term Debt Issued | 736.50M | 736.50M | 100.00M | 192.69M | 295.29M | 354.77M |
| Long-Term Debt Repaid | -415.45M | -415.45M | -300.01M | -351.34M | -21.63M | -235.72M |
| Net Debt Issued (Repaid) | 321.05M | 321.05M | -200.01M | -158.64M | 273.65M | 119.06M |
| Issuance of Common Stock | 10.36M | 10.36M | 8.80M | 9.81M | 43.05M | 12.14M |
| Repurchase of Common Stock | -74.43M | -74.43M | -52.32M | -21.31M | -24.67M | -57.23M |
| Preferred Dividends Paid | -12.23M | -12.23M | -7.86M | |||
| Dividends Paid | -12.23M | -12.23M | -7.86M | |||
| Other Financing Activities | 42.53M | 42.53M | -3.25M | -39.96M | -55.61M | -86.00K |
| Financing Cash Flow | 287.28M | 287.28M | -63.46M | -210.10M | 236.42M | 73.88M |
| Foreign Exchange Rate Adjustments | -1.26M | 4.76M | 239.00K | |||
| Net Cash Flow | 193.45M | 193.45M | 70.59M | -26.59M | 47.00M | 140.08M |
| Free Cash Flow | -163.48M | -163.48M | 100.07M | 57.76M | 64.97M | 84.57M |
| Free Cash Flow Margin | -9.44% | -9.44% | 7.31% | 4.93% | 4.51% | 6.06% |
| Free Cash Flow Per Share | -2.78 | -2.78 | 1.84 | 1.10 | 1.27 | 1.55 |
| Levered Free Cash Flow | -124.30M | -124.30M | 130.71M | 73.44M | 317.10M | -31.05M |
| Unlevered Free Cash Flow | -126.75M | -126.75M | 131.78M | 87.45M | 335.80M | -26.10M |
| Cash Interest Paid | 11.70M | 11.70M | 26.20M | 47.70M | 41.80M | 12.80M |
| Cash Income Tax Paid | 34.50M | 13.10M | 35.50M | 13.80M | ||
| Change in Working Capital | -374.04M | -374.04M | -19.10M | 25.67M | -65.36M | -122.30M |
Ratios
Fiscal year September - August; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 2.86B | 2.54B | 1.26B | 1.10B | 1.20B | 963.84M |
| Enterprise Value | 3.07B | 2.82B | 1.27B | 1.37B | 1.70B | 1.12B |
| Last Close Price | 47.50 | 49.51 | 24.13 | 20.72 | 23.92 | 19.28 |
| PE Ratio | 18.27 | 16.79 | 81.78 | 14.48 | ||
| Forward PE | 10.42 | 15.58 | 12.89 | 11.93 | 12.35 | 6.76 |
| PS Ratio | 1.65 | 1.47 | 0.92 | 0.94 | 0.83 | 0.69 |
| PB Ratio | 5.49 | 3.43 | 2.08 | 2.75 | 5.22 | 2.55 |
| P/TBV Ratio | 9.08 | 8.05 | 7.87 | 10.15 | 4.04 | |
| P/FCF Ratio | 12.63 | 18.98 | 18.43 | 11.40 | ||
| P/OCF Ratio | 11.59 | 14.21 | 11.47 | 9.19 | ||
| PEG Ratio | 0.50 | 0.50 | 0.50 | 0.64 | 0.64 | 0.68 |
| EV/Sales Ratio | 1.77 | 1.63 | 0.93 | 1.17 | 1.18 | 0.80 |
| EV/EBITDA Ratio | 13.43 | 12.36 | 9.39 | 13.46 | 10.26 | 6.91 |
| EV/EBIT Ratio | 17.21 | 15.83 | 16.08 | 37.86 | 18.06 | 9.69 |
| EV/FCF Ratio | 12.67 | 23.77 | 26.18 | 13.28 | ||
| Debt / Equity Ratio | 1.15 | 1.15 | 0.86 | 1.80 | 3.74 | 1.72 |
| Debt / EBITDA Ratio | 3.50 | 3.50 | 3.48 | 6.04 | 4.61 | 3.69 |
| Debt / FCF Ratio | 5.24 | 12.43 | 13.19 | 7.70 | ||
| Net Debt / Equity Ratio | 0.28 | 0.28 | 0.12 | 0.82 | 2.03 | 0.89 |
| Net Debt / EBITDA Ratio | 0.90 | 0.90 | 0.52 | 3.22 | 2.81 | 2.08 |
| Net Debt / FCF Ratio | -1.26 | -1.26 | 0.71 | 5.69 | 7.17 | 3.99 |
| Asset Turnover | 0.79 | 0.79 | 0.89 | 0.79 | 0.94 | 0.96 |
| Inventory Turnover | 2.50 | 2.50 | 4.79 | 5.08 | 4.63 | 3.20 |
| Quick Ratio | 1.21 | 1.21 | 1.61 | 1.96 | 1.43 | 1.30 |
| Current Ratio | 1.88 | 1.88 | 2.25 | 2.65 | 2.13 | 2.23 |
| Return on Equity (ROE) | 27.56% | 27.56% | 5.72% | -13.30% | 3.19% | 7.00% |
| Return on Assets (ROA) | 5.07% | 5.07% | 3.19% | 1.52% | 3.82% | 4.96% |
| Return on Invested Capital (ROIC) | 21.34% | 21.94% | 6.61% | 5.10% | 13.34% | 10.99% |
| Return on Capital Employed (ROCE) | 11.30% | 11.30% | 6.90% | 3.20% | 8.70% | 11.00% |
| Earnings Yield | 5.47% | 7.12% | 2.01% | -4.79% | -15.66% | 6.91% |
| FCF Yield | -5.71% | -6.44% | 7.91% | 5.27% | 5.42% | 8.77% |
| Payout Ratio | 6.77% | 30.96% | ||||
| Buyback Yield / Dilution | -8.20% | -8.20% | -3.70% | -2.15% | 5.73% | -12.12% |