PENGUIN SOLUTIONS, INC.
Cash Flow Statement
| Line Item | May 2026 | Feb 2026 | Nov 2025 | May 2025 | Feb 2025 | Nov 2024 | May 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $44.7M | $37.5M | $5.3M | $2.7M | $8.1M | $5.2M | $5.6M | $-13.6M |
| Depreciation & Amortization | — | — | $12.8M | — | — | $15.0M | — | — |
| Depreciation | $4.9M | $5.0M | $5.1M | $5.0M | $5.0M | $5.0M | $5.6M | $7.2M |
| Amortization | $7.5M | $7.7M | $7.7M | $8.6M | $9.0M | $9.9M | $9.9M | $9.9M |
| Stock-Based Compensation | — | — | $10.1M | — | — | $11.5M | $11.2M | $10.6M |
| Net Cash from Operating Activities | $-74.8M | $55.0M | $31.1M | $92.8M | $72.9M | $13.8M | $79.8M | $-21.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $2.8M | $1.6M | $2.9M | $1.9M | $2.3M | $1.8M | $3.8M | $5.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | — | $-3.4M | — | — | $-18.9M | — | — |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | $20.2M | — | — | $11.1M | — | — |
| Net Cash from Financing Activities | — | — | $-20.0M | — | — | $-7.8M | — | — |
| Net Change in Cash | — | — | $7.7M | — | — | $-12.9M | — | — |
| Free Cash Flow | $-77.6M | $53.3M | $28.2M | $90.9M | $70.5M | $12.0M | $76.0M | $-27.1M |