← Penguin Solutions, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total net sales | $761.3m |
$1.3b
+69.29%
|
$1.2b
-5.96%
|
$1.1b
-7.39%
|
$1.5b
+33.75%
|
$1.8b
+21.20%
|
$1.4b
-20.78%
|
$1.2b
-18.77%
|
$1.4b
+16.91%
|
— | |
| SFD?-related revenue | $0 | $0 | $12.0m | $137k | $3.1m | $0 | $2.1m | $644k | $16.4m | — | |
| Total cost of sales | $599.0m |
$997.2m
+66.47%
|
$974.5m
-2.28%
|
$906.0m
-7.03%
|
$1.2b
+31.65%
|
$1.4b
+14.54%
|
$1.0b
-24.89%
|
$830.0m
-19.11%
|
$974.5m
+17.41%
|
— | |
| Gross profit | $162.2m |
$291.6m
+79.71%
|
$237.5m
-18.54%
|
$216.4m
-8.90%
|
$308.4m
+42.51%
|
$453.2m
+46.97%
|
$415.2m
-8.40%
|
$340.8m
-17.92%
|
$394.3m
+15.70%
|
$419.8m
+6.46%
|
|
| Net Interest Income | $4k | ($62k) | ($29k) | ($14k) |
$38k
+369.91%
|
$36k
-4.57%
|
$160k | $751k | $517k |
($1.6m)
-404.00%
|
|
| Research and development | $38.2m | $39.8m | $47.9m | $52.1m | $49.3m | $77.4m | $90.6m | $81.5m | $79.8m | $79.5m | |
| Selling, general and administrative | $66.8m | $84.5m | $103.2m | $119.5m | $169.5m | $220.0m | $260.7m | $233.9m | $238.2m | $219.1m | |
| Selling, General and Administrative Expense | $5.0m | $4.4m | $3.5m | $3.3m | $3.2m | $3.7m | $3.4m | $4.0m | $4.3m | $219.1m | |
| Total operating expenses | $108.4m | $121.4m | $148.4m | $175.1m | $253.2m | $338.7m | $406.4m | $322.5m | $336.1m | $300.7m | |
| Operating income | $53.9m |
$170.2m
+215.96%
|
$89.1m
-47.67%
|
$41.3m
-53.60%
|
$55.2m
+33.55%
|
$114.5m
+107.46%
|
$8.7m
-92.36%
|
$18.3m
+109.21%
|
$58.1m
+217.76%
|
$119.1m
+104.79%
|
|
| Interest expense, net | ($29.2m) | ($19.1m) | ($20.7m) | ($15.0m) | $17.6m | $21.2m | $36.4m | $28.4m | $7.3m | $1.6m | |
| Interest Expense | $4k | ($62k) | ($29k) | ($14k) | $38k | $36k | $160k | $751k | $517k | $1.6m | |
| Other non-operating expense | ($22.6m) | ($13.3m) | ($2.2m) | ($17.0m) | ($375k) | $4.8m | $11.8m | $21.1m | $1.9m | — | |
| Other Expense | — | — | $2.7m | $1.1m | $1.2m | $1.2m | $2.2m | $2.0m | $5.8m | — | |
| Non-Operating Income (Expense) | $91k | ($43k) | $57k | $10k | $21k | $29k | $16k | — | — | — | |
| Total non-operating expense | ($51.8m) | ($32.4m) | ($22.9m) | ($32.0m) | $17.2m | $26.0m | $48.3m | $49.5m | $9.2m | — | |
| Total Other Expenses (income) | — | — | $206k | ($68k) | $68k | $50k | — | — | — | — | |
| Income tax provision (benefit) | $9.9m | $18.3m | $14.9m | $10.5m | $15.5m | $19.9m | ($49.2m) | $10.6m | $20.1m | — | |
| Current Income Tax Expense | $76k | $0 | $0 | — | — | — | — | — | — | $22.5m | |
| Net income (loss) from continuing operations | — | — | — | — | ($42.0m) | $24.4m | $9.7m | ($41.8m) | $28.8m | $75.9m | |
| Net loss from discontinued operations | — | — | — | — | $64.5m | $44.2m | ($195.4m) | ($8.1m) | $0 | — | |
| Net income (loss) | ($7.8m) |
$119.5m
+1632.56%
|
$51.3m
-57.03%
|
($1.1m)
-102.23%
|
$22.5m
+2069.03%
|
$68.6m
+204.77%
|
($185.7m)
-370.72%
|
($49.9m)
+73.11%
|
$28.8m
+157.75%
|
$75.9m
+163.27%
|
|
| Net income (loss) attributable to Penguin Solutions | ($7.8m) | $119.5m | $51.3m | ($1.1m) | $21.3m | $66.6m | ($187.5m) | ($52.5m) | $25.4m | $75.9m | |
| Net loss and comprehensive loss | ($9.0m) | ($7.0m) | $3.8m | ($6.0m) | ($3.1m) | ($6.7m) | ($5.5m) | ($9.1m) | ($2.3m) | — | |
| Net income attributable to noncontrolling interest | — | — | — | $0 | $1.2m | $2.0m | $1.8m | $2.5m | $3.4m | — | |
| Preferred stock dividends | — | — | — | — | — | — | $0 | $0 | $8.7m | $12.1m | |
| Income allocated to participating securities | — | — | — | — | — | — | $0 | $0 | $1.3m | — | |
| Basic (in usd per share) | ($0.25) | $2.71 | $1.12 | ($0.02) | ($0.86) | $0.49 | $0.20 | ($0.80) | $0.54 | — | |
| Diluted (in usd per share) | ($0.25) | $2.58 | $1.09 | ($0.02) | ($0.81) | $0.45 | $0.19 | ($0.80) | $0.53 | — | |
| Impairment of goodwill | — | — | — | — | $0 | $0 | $19.1m | $0 | $16.1m | — | |
| Change in fair value of contingent consideration | — | ($3.0m) | ($2.7m) | $0 | $32.4m | $41.3m | $29.0m | $0 | $0 | — | |
| Other operating expense | — | — | — | $3.5m | $2.1m | $234k | $7.0m | $7.1m | $2.1m | — | |
| Income (loss) before taxes | $2.1m | $137.8m | $66.2m | $9.4m | $38.0m | $88.5m | ($39.5m) | ($31.2m) | $48.9m | — | |
| Income available for distribution | — | — | — | — | — | — | ($187.5m) | ($52.5m) | $16.7m | — | |
| Continuing operations | — | — | — | — | ($1) | $0 | $0 | ($1) | $0 | — | |
| Discontinued operations | — | — | — | — | $1 | $1 | ($4) | ($0) | $0 | — | |
| Amortization | $1.9m | $1.8m | $1.8m | $1.8m | $1.8m | $1.8m | $1.8m | $1.9m | $1.9m | — | |
| Foreign exchange loss (gain) | $70k | ($20k) | $178k | ($64k) | $9k | ($15k) | ($8k) | $574k | ($33k) | — | |
| Loss on remeasurement of convertible debentures (Note 11) | — | — | — | — | — | $0 | $0 | $297k | $5.4m | — | |
| Loss on disposal of assets, lease modifications and other | — | — | — | — | — | $29k | $16k | $146k | — | — | |
| Intellectual property and other | $91k | ($43k) | $57k | $10k | $21k | $29k | $16k | — | — | — | |
| Survey costs (Note 22) | $1.3m | $1.1m | $2.6m | $1.1m | — | — | — | — | — | — | |
| Gain on extinguishment of liability (Note 25) | $0 | ($186k) | $0 | $0 | — | — | — | — | — | — | |
| Stock-Based Compensation Expense | $581k | $386k | $44k | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.