Penguin Solutions, Inc. (PENG) Financial Statements — Income, Balance Sheet, Cash Flow

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Financial Statements — PENG

Balance Sheet

(in billions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022	Q2 2022	Q1 2022	Q3 2021	Q2 2021	Q1 2021
Cash & Equivalents	0.44	0.49	0.46	0.71	0.62	0.37	0.45	0.44	0.53	0.40	0.38	0.32	0.39	0.37	0.23	0.19	0.14	0.16
Short-term Investments	--	--	0.00	0.03	0.03	0.02	0.01	0.02	0.02	--	--	--	--	--	--	--	--	--
Accounts Receivable	--	--	--	0.29	0.33	0.28	0.21	0.17	0.17	0.24	0.23	0.31	0.36	0.39	0.34	0.27	0.20	0.21
Inventory	0.50	0.32	0.21	0.18	0.20	0.25	0.18	0.17	0.21	0.23	0.29	0.42	0.37	0.33	0.32	0.29	0.19	0.15
Total Current Assets	1.73	1.24	1.07	1.25	1.24	1.00	0.94	0.88	0.99	0.94	0.98	1.12	1.17	1.13	0.94	0.81	0.58	0.56
Property, Plant & Equipment	0.09	0.09	0.09	0.09	0.10	0.10	0.11	0.11	0.11	0.18	0.17	0.17	0.16	0.15	0.15	0.15	0.08	0.06
Goodwill	0.15	0.15	0.15	0.15	0.16	0.16	0.16	0.16	0.16	0.18	0.18	0.20	0.08	0.07	0.07	0.07	0.07	0.07
Intangible Assets	0.07	0.07	0.08	0.10	0.10	0.11	0.13	0.14	0.15	0.17	0.18	0.19	0.08	0.09	0.10	0.11	0.05	0.05
Total Non-current Assets*	0.46	0.51	0.53	0.55	0.57	0.59	0.60	0.63	0.64	0.65	0.66	0.69	0.39	0.38	0.38	0.38	0.24	0.23
Total Assets	2.19	1.75	1.60	1.80	1.81	1.58	1.55	1.52	1.63	1.59	1.64	1.81	1.55	1.51	1.32	1.19	0.82	0.78
Accounts Payable	0.80	0.45	0.35	0.31	0.28	0.28	0.23	0.18	0.22	0.21	0.23	0.39	0.45	0.44	0.43	0.35	0.26	0.24
Total Current Liabilities	1.12	0.59	0.46	0.48	0.47	0.43	0.35	0.27	0.37	0.38	0.42	0.55	0.52	0.53	0.54	0.49	0.32	0.28
Long-term Debt	0.44	0.44	0.46	0.66	0.66	0.66	0.67	0.74	0.78	0.81	0.82	0.83	0.49	0.49	0.38	0.34	0.21	0.20
Total Non-current Liabilities*	0.41	0.55	0.54	0.73	0.73	0.75	0.76	0.84	0.85	0.88	0.89	0.90	0.63	0.62	0.46	0.42	0.24	0.22
Total Liabilities	1.53	1.14	0.99	1.21	1.20	1.17	1.12	1.11	1.21	1.27	1.31	1.45	1.15	1.15	0.99	0.91	0.56	0.51
Retained Earnings	0.13	0.08	0.05	0.04	0.04	0.04	0.05	0.05	0.06	0.22	0.25	0.27	0.23	0.21	0.20	0.16	0.17	0.17
Total Stockholder Equity	0.44	0.39	0.39	0.58	0.60	0.40	0.42	0.41	0.41	0.32	0.33	0.35	0.39	0.35	0.32	0.27	0.26	0.28

* Derived from reported values

Income Statement

(in millions USD) (except per-share rows)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Total Revenue	478.71	343.00	343.07	337.92	324.25	365.52	341.10	311.15	300.58	284.82	274.25	163.27	383.33	429.17	465.48	437.70	462.54	449.17	469.94	467.71
Cost of Revenue	345.50	249.30	246.96	241.19	229.17	260.87	243.29	224.06	211.67	202.89	191.40	75.53	284.69	318.79	347.07	333.85	348.08	336.46	347.74	349.92
Gross Profit	133.21	93.70	96.11	96.73	95.08	104.65	97.81	87.09	88.91	81.93	82.85	87.74	98.64	110.38	118.41	103.84	114.46	112.71	122.20	117.79
Research & Development	21.98	18.98	18.69	19.86	20.22	19.91	19.81	19.94	19.68	20.53	21.39	17.61	22.24	26.67	24.06	20.61	20.30	18.79	17.66	16.74
Selling, General & Admin	59.40	47.99	53.09	58.60	59.72	59.32	60.54	58.03	57.25	61.39	57.22	56.33	70.60	62.77	71.02	55.64	58.73	53.11	52.55	51.26
Total Operating Expenses	82.35	68.01	76.53	84.28	85.24	86.16	80.46	78.30	77.40	85.25	81.55	80.61	107.45	117.55	100.82	76.24	79.15	95.91	87.41	86.05
Operating Income	50.86	25.69	19.58	12.45	9.84	18.49	17.36	8.79	11.51	(3.31)	1.31	7.12	(8.80)	(7.17)	17.59	27.60	35.31	16.81	34.79	31.74
Pretax Income	53.70	52.95	7.86	9.35	10.71	16.51	12.32	(17.58)	4.90	(10.81)	(7.68)	(3.85)	(17.37)	(28.50)	10.21	19.84	29.65	10.56	28.45	28.27
Tax Provision	7.52	14.41	1.81	(1.20)	7.26	7.64	6.36	6.21	(1.32)	2.20	3.53	(59.08)	6.70	(1.72)	4.89	(0.58)	5.15	7.59	7.76	6.98
Net Income	44.69	37.45	5.27	9.43	2.66	8.08	5.22	(24.55)	5.62	(13.62)	(19.92)	(140.84)	(24.45)	(27.22)	4.99	19.96	24.11	2.46	20.03	20.65
Basic EPS	0.73	0.59	0.04	0.11	(0.01)	0.09	0.10	(0.47)	0.11	(0.26)	(0.38)	(2.83)	(0.50)	(0.55)	0.10	0.00	0.48	0.05	0.82	0.86
Diluted EPS	0.68	0.58	0.04	0.10	(0.01)	0.09	0.10	(0.46)	0.10	(0.26)	(0.38)	(2.70)	(0.50)	(0.55)	0.10	0.01	0.44	0.04	0.73	0.82

Cash Flow Statement

(in millions USD)

Metric	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Operating Cash Flow	(74.79)	54.95	31.06	(70.43)	92.82	72.88	13.82	(12.16)	79.78	(21.92)	31.48	36.80	41.04	100.54	(73.98)	20.91	36.71	32.17	15.15	48.02
Capital Expenditures	2.84	1.60	2.85	2.93	1.92	2.34	1.84	5.80	3.78	5.20	4.65	1.90	13.26	12.61	11.65	8.86	9.16	7.38	12.77	7.56
Free Cash Flow*	(77.63)	53.35	28.21	(73.36)	90.91	70.54	11.98	(17.95)	76.00	(27.12)	26.83	34.90	27.78	87.92	(85.63)	12.05	27.56	24.79	2.38	40.46
Investing Cash Flow	36.22	30.26	(3.37)	22.37	25.88	(4.35)	(18.92)	(8.28)	5.07	(4.51)	115.30	(48.75)	(12.83)	(13.35)	(223.64)	(8.93)	(9.21)	(7.46)	(13.38)	(15.77)
Financing Cash Flow	27.70	(57.49)	(19.99)	(208.05)	(30.51)	182.86	(7.76)	(49.88)	(73.31)	(60.15)	(26.76)	18.70	(4.63)	(39.63)	261.98	(34.33)	(9.52)	105.36	12.36	1.55

* Derived from reported values