Company: PENG
Filing Date: 2025-07-08
Form Type: 10-Q
Source: 0001628280-25-034541
Chunk: 112

Company: Penguin Solutions, Inc.
Filing Date: 2025-07-08
Form: 10-Q
Item: Part I, Item 1
Chunk 112
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851 20.5 %Impairment of goodwill5,294 1.6 %— — %11,373 1.1 %— — %Other operating expense— — %465 0.2 %968 0.1 %6,739 0.8 %Total operating expenses85,240 26.3 %77,395 25.7 %251,856 24.4 %244,186 28.4 %Operating income9,843 3.0 %11,511 3.8 %45,687 4.4 %9,504 1.1 % Non-operating (income) expense: Interest expense, net573 0.2 %6,167 2.1 %7,152 0.7 %22,975 2.7 %Other non-operating (income) expense(1,439)(0.4)%441 0.1 %(1,012)(0.1)%113 — %Total non-operating (income) expense(866)(0.3)%6,608 2.2 %6,140 0.6 %23,088 2.7 %Income (loss) before taxes10,709 3.3 %4,903 1.6 %39,547 3.8 %(13,584)(1.6)% Income tax provision7,259 2.2 %(1,323)(0.4)%21,262 2.1 %4,409 0.5 %Net income (loss) from continuing operations3,450 1.1 %6,226 2.1 %18,285 1.8 %(17,993)(2.1)%Net loss from discontinued operations— — %— — %— — %(8,148)(0.9)%Net income (loss)3,450 1.1 %6,226 2.1 %18,285 1.8 %(26,141)(3.0)%Net income attributable to noncontrolling interest789 0.2 %610 0.2 %2,325 0.2 %1,784 0.2 %Net income (loss) attributable