Penguin Solutions, Inc.
NASDAQ: PENG · TECHNOLOGY · INFORMATION TECHNOLOGY SERVICES
Updated 2026-11-04
Penguin Solutions, Inc. (PENG) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $40.76M | $15.05M | $-933000.00 | $67.91M | $169.66M | $87.20M | $153.35M | $104.93M | $104.39M | $77.19M | $109.08M | $-151.91M |
| Capital expenditures | $31.66M | $13.84M | $18.68M | $25.74M | $33.43M | $32.45M | $16.67M | $20.36M | $39.42M | $19.42M | $9.01M | $11.57M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based comp | $6.13M | $3.87M | $5.36M | $10.56M | $18.20M | $18.72M | $30.96M | $37.28M | $39.23M | $43.16M | $41.18M | $31.82M |
| Free cash flow | $9.10M | $1.21M | $-19.61M | $42.17M | $136.22M | $54.76M | $136.68M | $84.57M | $64.97M | $57.76M | $100.07M | $-163.48M |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | — | — | — | $7.86M | $12.23M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | — | — | — | — | — | — | — |
Frequently asked questions
What is Penguin Solutions, Inc.'s revenue?
Penguin Solutions, Inc.'s trailing twelve-month revenue is $1.73B. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is PENG?
In its most recent fiscal year, PENG ran a gross margin of 27.66%, an operating margin of 9.56%, and a net margin of 10.43%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does PENG generate?
PENG produced $-163.48M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is PENG's balance sheet healthy?
PENG holds $647.21M in cash and equivalents against $735.53M in long-term debt, on $723.45M of shareholder equity. That debt is best read against the cash flow the business throws off each year.