Penguin Solutions, Inc. (PENG) FY2025 10-K Annual Report

Filed: Oct 21, 2025
Information Technology
Semiconductors & Related DevicesSEC EDGAR

Penguin Solutions, Inc. (PENG) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Oct 21, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Penguin Solutions, Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: Integrated Memory products and solutions
  • Divestiture of 81% interest in SMART Brazil completed Nov 29, 2023, now classified as discontinued operations
  • U.S. Domestication from Cayman Islands to Delaware effective June 30, 2025, shifting parent company jurisdiction
  • Discontinued SMART Brazil data excluded from continuing operations, impacting segment reporting and financial presentation

Management Discussion & Analysis

  • No revenue or profitability figures disclosed; focus on stock sales and anti-takeover provisions discussed
  • No segment performance data or profitability margins presented in text
  • No cash flow, buybacks, dividends, or capex amounts disclosed; stated no common stock dividends planned; 6% annual dividends on issued CPS
  • Management highlights risks: potential stock price decline from future stock sales, geopolitical and economic uncertainties, regulatory compliance risks, retention of key employees, and impacts of armed conflicts and terrorism on operations and demand

Risk Factors

  • No specific regulatory or legal risk identified
  • No geopolitical or macroeconomic risk detailed
  • Cybersecurity risk managed by Cybersecurity and Technology Risk Management Committee, CIO with 20+ years IT experience, ongoing oversight and incident response program
  • No named competitor or market disruption risk noted
  • Key-person dependency on CIO for cybersecurity risk assessment and management

Penguin Solutions, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$1.4B

+16.9% YoY

Net Income

$25M

+148.4% YoY

Gross Margin

28.8%

-30bp YoY

Operating Margin

4.2%

+268bp YoY

Net Margin

1.9%

+634bp YoY

ROE

6.4%

+1985bp YoY

Total Assets

$1.6B

+9.7% YoY

EPS (Diluted)

$0.28

+128.0% YoY

Operating Cash Flow

$109M

+41.3% YoY

Source: XBRL data from Penguin Solutions, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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