Company: PENG
Filing Date: 2025-10-21
Form Type: 10-K
Source: 0001616533-25-000061
Chunk: 141

Company: Penguin Solutions, Inc.
Filing Date: 2025-10-21
Form: 10-K
Item: Item 8
Chunk 141
---
1,929 21,084 11,837 Total non-operating expense9,234 49,462 48,258 Income (loss) before taxes48,901 (31,167)(39,513) Income tax provision (benefit)20,066 10,618 (49,203)Net income (loss) from continuing operations28,835 (41,785)9,690 Net loss from discontinued operations— (8,148)(195,384)Net income (loss)28,835 (49,933)(185,694)Net income attributable to noncontrolling interest3,444 2,539 1,832 Net income (loss) attributable to Penguin Solutions$25,391 $(52,472)$(187,526)Preferred stock dividends8,667 — — Income available for distribution16,724 (52,472)(187,526)Income allocated to participating securities1,263 — — Net income (loss) available to common stockholders$15,461 $(52,472)$(187,526)Basic earnings (loss) per share of common stock:Continuing operations$0.29 $(0.85)$0.16 Discontinued operations— (0.15)(3.94)$0.29 $(1.00)$(3.78)Diluted earnings (loss) per share of common stock:Continuing operations$0.28 $(0.85)$0.15 Discontinued operations— (0.15)(3.80)$0.28 $(1.00)$(3.65)Common stock used in per share calculations:Basic53,154 52,428 49,566 Diluted54,368 52,428 51,322 

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

74

Penguin Solutions, Inc.

Consolidated Statements of Comprehensive Income (Loss)

(In thousands)

Year endedAugust 29,2025August 30,2024August 25,2023Net income (loss)$28,835 $(49,933)$(185,694)Other comprehensive income (loss), net of tax:Cumulative translation adjustment— (6,352)15,686 Cumulative translation adjustment reclassified to net income (loss)— 212,321 — Gain (loss) on investments8 5