v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
May 29, 2026
Aug. 29, 2025
Assets    
Cash and cash equivalents $ 440,301 $ 453,754
Inventories 498,318 255,182
Other current assets 85,866 47,387
Total current assets 1,728,754 1,064,227
Property and equipment, net 85,209 92,603
Operating lease right-of-use assets 55,515 58,847
Intangible assets, net 66,536 87,754
Goodwill 145,895 145,895
Deferred tax assets 98,789 99,107
Other noncurrent assets 10,336 68,767
Total assets 2,191,034 1,617,200
Liabilities, Temporary Equity and Stockholders' Equity    
Accounts payable and accrued expenses 802,639 318,761
Current debt 148,401 19,945
Deferred revenue 90,406 73,893
Other current liabilities 78,291 61,300
Total current liabilities 1,119,737 473,899
Long-term debt 294,763 441,893
Noncurrent operating lease liabilities 59,345 62,736
Other noncurrent liabilities 60,779 30,445
Total liabilities 1,534,624 1,008,973
Commitments and contingencies
Temporary equity    
Preferred stock, $0.03 par value; authorized 30,000 shares; 200 shares of convertible preferred stock issued and outstanding as of May 29, 2026 and August 29, 2025. Redemption amount of $200,500 as of May 29, 2026 and August 29, 2025 202,710 202,710
Penguin Solutions stockholders’ equity:    
Common stock, $0.03 par value; authorized 200,000 shares; 64,804 shares issued and 51,240 outstanding as of May 29, 2026; 62,756 shares issued and 52,738 outstanding as of August 29, 2025 1,944 1,883
Additional paid-in capital 587,047 551,712
Retained earnings 125,021 46,709
Treasury stock, 13,564 and 10,018 shares held as of May 29, 2026 and August 29, 2025, respectively (274,962) (206,076)
Accumulated other comprehensive income 11 18
Total Penguin Solutions stockholders’ equity 439,061 394,246
Noncontrolling interest in subsidiary 14,639 11,271
Total stockholders' equity 453,700 405,517
Total liabilities, temporary equity and stockholders' equity 2,191,034 1,617,200
Nonrelated Party    
Assets    
Accounts receivable, net 702,981 307,904
Related Party    
Assets    
Accounts receivable, net $ 1,288 $ 0