Penguin Solutions, Inc.
PENG Technology Information Technology Services
Penguin Solutions, Inc.’s revenue for fiscal 2026 (year ended August 2026) was $1.7 billion, up 26.5% from fiscal 2025. In the quarter to August 2026, revenue grew 67.7%, EPS grew 1,452.2%, free cash flow fell 128.2% and total debt rose 70.8%, each against the same quarter a year earlier.
Follow PENG
Penguin Solutions, Inc. (PENG) Altman Z-score
Penguin Solutions, Inc.'s Altman Z-score for fiscal 2026 is 2.08, in the grey zone (1.81–2.99).
Altman Z-score, annual
Embed this chart
Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 2.08 | 0.00 |
| FY2025 | 2.08 | 0.17 |
| FY2024 | 1.91 | (0.13) |
| FY2023 | 2.04 | (0.16) |
| FY2022 | 2.19 | 0.24 |
| FY2021 | 1.95 | (1.07) |
| FY2020 | 3.03 | (0.75) |
| FY2019 | 3.77 | (0.51) |
| FY2018 | 4.29 | 1.61 |
| FY2017 | 2.68 | — |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.38 | — | 0.45 | |
| Retained earnings / total assets | 0.08 | — | 0.11 | |
| EBIT / total assets | 0.06 | — | 0.20 | |
| Market value of equity / total liabilities | 1.16 | — | 0.70 | |
| Sales / total assets | 0.62 | — | 0.62 | |
| Altman Z-score | Grey zone | 2.08 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 3.39 | ||
Z and Z″ put Penguin Solutions, Inc. in different zones: grey zone by Z, safe zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CHRN ChronoScale Holdings Corporation compare | 9.4× |
| EXLS ExlService Holdings, Inc. compare | 8.6× |
| EPAM EPAM Systems, Inc. compare | 8.1× |
| G Genpact Limited compare | 3.3× |
| PSN Parsons Corporation compare | 3.1× |
| SAIC Science Applications International Corporation compare | 2.8× |
| PENG Penguin Solutions, Inc. | 2.1× |
| KD Kyndryl Holdings, Inc. compare | 1.2× |
| CIFR Cipher Digital Inc. compare | 0.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets