Consolidated Balance Sheets - USD ($) $ in Thousands	May 30, 2025	Aug. 30, 2024
Assets
Cash and cash equivalents	$ 709,871	$ 383,147
Short-term investments	25,676	6,337
Accounts receivable, net	292,504	251,743
Inventories	184,348	151,213
Other current assets	37,497	75,264
Total current assets	1,249,896	867,704
Property and equipment, net	93,882	106,548
Operating lease right-of-use assets	61,850	60,349
Intangible assets, net	95,130	121,454
Goodwill	150,585	161,958
Deferred tax assets	83,872	85,078
Other noncurrent assets	67,567	71,415
Total assets	1,802,782	1,474,506
Liabilities and Equity
Accounts payable and accrued expenses	310,572	219,090
Current debt	19,916	0
Deferred revenue	101,374	63,954
Other current liabilities	44,882	44,552
Total current liabilities	476,744	327,596
Long-term debt	639,562	657,347
Noncurrent operating lease liabilities	63,650	60,542
Other noncurrent liabilities	27,903	29,813
Total liabilities	1,207,859	1,075,298
Commitments and contingencies
Penguin Solutions shareholders’ equity:
Ordinary shares, $0.03 par value; authorized 200,000 shares; 62,306 shares issued and 52,417 outstanding as of May 30, 2025; 60,226 shares issued and 53,277 outstanding as of August 30, 2024	1,869	1,807
Preferred shares, $0.03 par value; authorized 30,000 shares; 200 shares issued and outstanding as of May 30, 2025; no shares issued or outstanding as of August 30, 2024	6	0
Additional paid-in capital	745,557	513,335
Retained earnings	40,312	29,985
Treasury shares, 9,889 and 6,949 shares held as of May 30, 2025 and August 30, 2024, respectively	(202,996)	(153,756)
Accumulated other comprehensive income	23	10
Total Penguin Solutions shareholders’ equity	584,771	391,381
Noncontrolling interest in subsidiary	10,152	7,827
Total equity	594,923	399,208
Total liabilities and equity	$ 1,802,782	$ 1,474,506