Penguin Solutions (PENG) Cost of Revenue (2016 - 2026)

Penguin Solutions (PENG) has reported Cost of Revenue for 11 consecutive years, with $345.5 million the latest figure, recorded in Q2 2026.

• In Q2 2026, Cost of Revenue rose 50.76% year-over-year to $345.5 million; the TTM figure through May 2026 stood at $1.1 billion (up 13.11% YoY), while the FY2025 annual figure was $974.5 million, up 17.41% from the prior year.
• Cost of Revenue improved to $345.5 million in Q2 2026 per PENG's latest filing, from $249.3 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $348.1 million in Q2 2022 and bottomed at -$27.4 million in Q3 2022.
• Historically, Cost of Revenue has averaged $228.2 million across 5 years, with a median of $243.6 million in 2023.
• Annual changes were most pronounced in 2022 — Cost of Revenue surged 7724.6% — and 2023, when it sank 31.57%.
• Penguin Solutions' Cost of Revenue stood at $279.7 million in 2022, then tumbled by 31.57% to $191.4 million in 2023, then rose by 27.11% to $243.3 million in 2024, then gained by 1.51% to $247.0 million in 2025, then surged by 39.9% to $345.5 million in 2026.
• Business Quant data shows PENG's Cost of Revenue at $345.5 million in Q2 2026, $249.3 million in Q1 2026, and $247.0 million in Q4 2025.