What is Penguin Solutions's R&D?

Penguin Solutions (PENG) reported R&D of $18.98M in Q4 2025.

How has Penguin Solutions's R&D changed year-over-year?

Penguin Solutions's R&D decreased by 4.7% year-over-year, from $19.91M to $18.98M.

What is the long-term trend for Penguin Solutions's R&D?

Over 4 years (2021 to 2025), Penguin Solutions's R&D has grown at a 7.4% compound annual growth rate (CAGR), from $59.93M to $79.8M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Penguin Solutions PENG R&D

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Other financials

Income statement

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Revenue$343.0M-6.2%

Gross profit$93.7M-10.5%

Operating income$25.7M+38.9%

Net income$37.5M+363%

EPS (diluted)$0.58+544%

Balance sheet

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Cash & equivalents$489.2M-21.3%

Total debt$509.6M-29.5%

Total equity$394.8M-34.5%

Total assets$1.7B-3.4%

Cash flow

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Operating cash flow$55.0M-24.6%

CapEx$1.6M-31.3%

Free cash flow$53.3M-24.4%

Valuation

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Market cap$3.39B+227%

Enterprise value$3.41B+223%

P/E61.8×—

P/S2.5×+1.7×

Profitability

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Gross margin28.3%-0.4pp

Operating margin5%+0.8pp

Net margin4.1%+3.7pp

FCF margin8.9%+4.5pp

Returns & leverage

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Return on equity11%+10.1pp

Debt / equity1.3×+0.1×

Current ratio2.1×-0.5×

Where this comes from

Reported directly by Penguin Solutions in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Penguin Solutions’s 10-Q, filed April 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Penguin Solutions's R&D?: Penguin Solutions (PENG) reported R&D of $18.98M in Q4 2025.
How has Penguin Solutions's R&D changed year-over-year?: Penguin Solutions's R&D decreased by 4.7% year-over-year, from $19.91M to $18.98M.
What is the long-term trend for Penguin Solutions's R&D?: Over 4 years (2021 to 2025), Penguin Solutions's R&D has grown at a 7.4% compound annual growth rate (CAGR), from $59.93M to $79.8M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.