Penguin Solutions, Inc. Leases Disclosure
| Year ended | August 29, 2025 | August 30, 2024 | August 25, 2023 | ||||||||||||||
| Fixed lease cost | $ | 11,486 | $ | 12,894 | $ | 16,574 | |||||||||||
| Variable lease cost | 2,433 | 1,834 | 1,386 | ||||||||||||||
| Short-term lease cost | 1,903 | 2,086 | 2,266 | ||||||||||||||
| $ | 15,822 | $ | 16,814 | $ | 20,226 | ||||||||||||
| 2026 | $ | 9,687 | |||
| 2027 | 9,615 | ||||
| 2028 | 9,606 | ||||
| 2029 | 9,665 | ||||
| 2030 | 9,835 | ||||
| 2031 and thereafter | 43,812 | ||||
| 92,220 | |||||
| Less imputed interest | (23,734) | ||||
| Present value of total lease liabilities | $ | 68,486 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Oct 21, 2025 | Showing above |
| 2024 | Oct 24, 2024 | |
| 2023 | Oct 20, 2023 | |
| 2022 | Oct 14, 2022 | |
| 2021 | Oct 25, 2021 | |
| 2017 | Oct 13, 2017 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.