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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q3 FY262026-05-29 | Q2 FY262026-02-27 | Q1 FY262025-11-28 | Q4 FY252025-08-29 | Q3 FY252025-05-30 | Q2 FY252025-02-28 | Q1 FY252024-11-29 |
|---|---|---|---|---|---|---|---|
| Revenue | $478.71M | $343.00M | $343.07M | $337.92M | $324.25M | $365.52M | $341.10M |
| Cost of revenue | $345.50M | $249.30M | $246.96M | $241.19M | $229.17M | $260.87M | $243.29M |
| Gross profit | $133.21M | $93.70M | $96.11M | $96.73M | $95.08M | $104.65M | $97.81M |
| Gross margin | 27.8% | 27.3% | 28.0% | 28.6% | 29.3% | 28.6% | 28.7% |
| Research and development | $21.98M | $18.98M | $18.69M | $19.86M | $20.22M | $19.91M | $19.81M |
| Selling, general and administrative | $59.40M | $47.99M | $53.09M | $58.60M | $59.72M | $59.32M | $60.54M |
| Operating expenses | $82.35M | $68.01M | $76.53M | $66.12M | $85.24M | $86.16M | $80.46M |
| Operating income | $50.86M | $25.69M | $19.58M | $30.61M | $9.84M | $18.49M | $17.36M |
| Operating margin | 10.6% | 7.5% | 5.7% | 9.1% | 3.0% | 5.1% | 5.1% |
| EBITDA | $63.17M | $38.44M | $32.40M | $43.82M | $29.15M | $38.60M | $32.32M |
| Interest income | $0 | $0 | $0 | −$153.00K | $0 | $0 | $0 |
| Interest expense | −$650.00K | −$721.00K | −$47.00K | — | −$573.00K | −$2.18M | −$4.40M |
| Income before taxes | $53.70M | $52.95M | $7.86M | $9.35M | $10.71M | $16.51M | $12.32M |
| Income taxes | $7.52M | $14.41M | $1.81M | −$1.20M | $7.26M | $7.64M | $6.36M |
| Net income | $46.18M | $38.54M | $6.06M | $10.55M | $3.45M | $8.87M | $5.96M |
| Net margin | 9.6% | 11.2% | 1.8% | 3.1% | 1.1% | 2.4% | 1.7% |
| EPS, basic | $0.73 | $0.59 | $0.04 | $0.11 | −$0.01 | $0.09 | $0.10 |
| EPS, diluted | $0.68 | $0.58 | $0.04 | $0.10 | −$0.01 | $0.09 | $0.10 |
| Diluted shares | 55.06M | 53.19M | 54.99M | 54.37M | 53.74M | 54.38M | 54.31M |
Figures describe Penguin Solutions shares, not any token. As of Jul 7, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.