The table below shows Penguin Solutions, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$1.37B
$1.17B
$1.44B
$1.40B
$1.06B
$1.12B
Cost of revenue
$974.52M
$830.02M
$1.03B
$1.00B
$817.56M
$905.98M
Gross profit
$394.27M
$340.78M
$415.17M
$391.05M
$237.97M
$216.40M
R&D
$79.80M
$81.54M
$90.56M
$77.47M
$59.93M
$52.06M
PENG annual revenue (10-K history)
Penguin Solutions, Inc. reported annual revenue of $1.37B for fiscal year 2025. That is up 16.9% from $1.17B in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $534.42M (FY 2016) to $1.37B. Figures come from the company's audited annual reports as filed with the SEC.