PENGUIN SOLUTIONS, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.37B | $1.17B | $1.44B | $1.40B | $1.06B | $1.12B | $1.21B | $1.29B |
| Cost of Revenue | $974.5M | $830.0M | $1.03B | $1.00B | $817.6M | $906.0M | $974.5M | $997.2M |
| Gross Profit | $394.3M | $340.8M | $415.2M | $391.0M | $238.0M | $216.4M | $237.5M | $291.6M |
| Gross Margin | 28.8% | 29.1% | 28.8% | 28.0% | 22.5% | 19.3% | 19.6% | 22.6% |
| Operating Expenses | ||||||||
| Research & Development | $79.8M | $81.5M | $90.6M | $77.5M | $59.9M | $52.1M | $47.9M | $39.8M |
| SG&A Expense | $238.2M | $233.9M | $260.7M | $204.8M | $158.2M | $123.0M | $103.2M | $84.5M |
| Operating Income | $58.1M | $18.3M | $8.7M | $67.2M | $-15.7M | $41.3M | $89.1M | $170.2M |
| Operating Margin | 4.2% | 1.6% | 0.6% | 4.8% | -1.5% | 3.7% | 7.3% | 13.2% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $48.9M | $-31.2M | $-39.5M | $42.5M | $-32.3M | $9.4M | $66.2M | $137.8M |
| Income Tax Expense | $20.1M | $10.6M | $-49.2M | $18.1M | $9.7M | $10.5M | $14.9M | $18.3M |
| Net Income | $25.4M | $-52.5M | $-187.5M | $66.6M | $21.3M | $-1.1M | $51.3M | $119.5M |
| Net Margin | 1.9% | -4.5% | -13.0% | 4.8% | 2.0% | -0.1% | 4.2% | 9.3% |
| EPS (Basic) | $0.29 | $-1.00 | $-3.78 | $1.35 | $0.44 | $-0.02 | $1.12 | $2.71 |
| EPS (Diluted) | $0.28 | $-1.00 | $-3.65 | $1.22 | $0.44 | $-0.02 | $1.10 | $2.59 |
| Shares Outstanding (Basic) | 53.2M | 52.4M | 49.6M | 49.5M | 48.6M | 48.0M | 45.9M | 44.1M |
| Shares Outstanding (Diluted) | 54.4M | 52.4M | 51.3M | 54.4M | 48.6M | 48.0M | 46.9M | 46.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |