Company: PENG
Filing Date: 2025-07-08
Form Type: 10-Q
Source: 0001628280-25-034541
Chunk: 71

Company: Penguin Solutions, Inc.
Filing Date: 2025-07-08
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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(866)6,608 6,140 23,088 Income (loss) before taxes10,709 4,903 39,547 (13,584) Income tax provision (benefit)7,259 (1,323)21,262 4,409 Net income (loss) from continuing operations3,450 6,226 18,285 (17,993)Net loss from discontinued operations— — — (8,148)Net income (loss)3,450 6,226 18,285 (26,141)Net income attributable to noncontrolling interest789 610 2,325 1,784 Net income (loss) attributable to Penguin Solutions2,661 5,616 15,960 (27,925)Preferred share dividends3,033 — 5,633 — Income available for distribution(372)5,616 10,327 (27,925)Income allocated to participating securities— — 678 — Net income (loss) available to ordinary shareholders$(372)$5,616 $9,649 $(27,925)Basic earnings (loss) per ordinary share:Continuing operations$(0.01)$0.11 $0.18 $(0.38)Discontinued operations— — — (0.15)$(0.01)$0.11 $0.18 $(0.53)Diluted earnings (loss) per ordinary share:Continuing operations$(0.01)$0.10 $0.18 $(0.38)Discontinued operations— — — (0.15)$(0.01)$0.10 $0.18 $(0.53)Ordinary shares used in per share calculations:Basic53,130 52,570 53,355 52,219 Diluted53,738 54,283 54,336 52,219 

The accompanying notes are an integral part of these consolidated financial statements.

7

Penguin Solutions, Inc.

Consolidated Statements of Comprehensive Income (Loss)

(In thousands)

(Unaudited)

Three Months EndedNine Months EndedMay 30,2025May 31,2024May 30,2025May 31,2024Net income (loss)$3,450 $6,226 $18,285 $(26,