SMART Global Holdings, Inc(NASDAQ:SGH)
SMART Global Holdings, Inc. designs and manufactures electronic products focused in memory and computing technology areas. It offers dynamic random access memory (DRAM) modules for desktops, notebooks, and servers; and embedded and removable flash memory products; and flash component products, such ...
Website: http://www.smartm.com
Founded: 1988
Full Time Employees: 1,754
Sector: Technology
Industry: Semiconductors
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-05-29 | 2026-02-27 | 2025-11-28 | 2025-08-29 | 2025-05-30 | 2025-02-28 | 2024-11-29 | 2024-08-30 | 2024-05-31 | 2024-03-01 | 2023-12-01 | 2023-08-25 | 2023-05-26 | 2023-02-24 | 2022-11-25 | 2022-08-26 | 2022-05-27 | 2022-02-25 | 2021-11-26 | 2021-08-27 | 2021-05-28 | 2021-02-26 | 2020-11-27 | 2020-08-28 | 2020-05-29 | 2020-02-28 | 2019-11-29 | 2019-08-30 | 2019-05-31 | 2019-03-01 | 2018-11-30 | 2018-08-31 | 2018-05-25 | 2018-02-23 | 2017-11-24 | 2017-08-25 | 2017-05-26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net sales: | |||||||||||||||||||||||||||||||||||||
products | 414,166,000 | 277,641,000 | 246,392,000 | 242,264,000 | 258,735,000 | 301,479,000 | 270,260,000 | 250,835,000 | 233,105,000 | 235,457,000 | 206,430,000 | 103,187,000 | 325,665,000 | 373,849,000 | 390,189,000 | ||||||||||||||||||||||
services | 63,715,000 | 64,429,000 | 64,505,000 | 63,308,000 | 65,516,000 | 64,040,000 | 70,842,000 | 60,313,000 | 67,475,000 | 49,364,000 | 67,817,000 | 60,081,000 | 57,665,000 | 55,325,000 | 75,289,000 | ||||||||||||||||||||||
related party | 832,000 | 929,000 | 32,174,000 | ||||||||||||||||||||||||||||||||||
total net sales | 478,713,000 | 342,999,000 | 343,071,000 | 337,922,000 | 324,251,000 | 365,519,000 | 341,102,000 | 311,148,000 | 300,580,000 | 284,821,000 | 274,247,000 | 163,268,000 | 383,330,000 | 429,174,000 | 465,478,000 | ||||||||||||||||||||||
cost of sales: | |||||||||||||||||||||||||||||||||||||
total cost of sales | 345,499,000 | 249,297,000 | 246,962,000 | 241,191,000 | 229,168,000 | 260,871,000 | 243,290,000 | 224,062,000 | 211,674,000 | 202,887,000 | 191,397,000 | 75,531,000 | 284,687,000 | 318,793,000 | 347,068,000 | ||||||||||||||||||||||
gross profit | 133,214,000 | 93,702,000 | 96,109,000 | 96,731,000 | 95,083,000 | 104,648,000 | 97,812,000 | 87,086,000 | 88,906,000 | 81,934,000 | 82,850,000 | 87,737,000 | 98,643,000 | 110,381,000 | 118,410,000 | 103,843,000 | 114,463,000 | 112,713,000 | 122,201,000 | 117,794,000 | 84,487,000 | 53,456,000 | 52,644,000 | 56,337,000 | 54,233,000 | 51,506,000 | 54,320,000 | 52,292,000 | 43,035,000 | 57,131,000 | 85,069,000 | 82,679,000 | 78,054,000 | 73,017,000 | 57,836,000 | 48,008,000 | 47,375,000 |
yoy | 40.10% | -10.46% | -1.74% | 11.08% | 6.95% | 27.72% | 18.06% | -0.74% | -9.87% | -25.77% | -30.03% | -15.51% | -13.82% | -2.07% | -3.10% | -11.84% | 35.48% | 110.85% | 132.13% | 109.09% | 55.79% | 3.79% | -3.09% | 7.74% | 26.02% | -9.85% | -36.15% | -36.75% | -44.87% | -21.76% | 47.09% | 72.22% | 64.76% | ||||
qoq | 42.17% | -2.50% | -0.64% | 1.73% | -9.14% | 6.99% | 12.32% | -2.05% | 8.51% | -1.11% | -5.57% | -11.06% | -10.63% | -6.78% | 14.03% | -9.28% | 1.55% | -7.76% | 3.74% | 39.42% | 58.05% | 1.54% | -6.56% | 3.88% | 5.29% | -5.18% | 3.88% | 21.51% | -24.67% | -32.84% | 2.89% | 5.93% | 6.90% | 26.25% | 20.47% | 1.34% | |
gross margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | 23.72% | 24.75% | 25.09% | 26.00% | 25.19% | 19.30% | 17.58% | 18.05% | 18.97% | 19.28% | 18.93% | 19.97% | 18.78% | 18.26% | 18.79% | 21.60% | 22.11% | 23.27% | 23.26% | 21.79% | 21.53% | 22.89% |
operating expenses: | |||||||||||||||||||||||||||||||||||||
research and development | 21,984,000 | 18,976,000 | 18,693,000 | 19,861,000 | 20,222,000 | 19,907,000 | 19,811,000 | 19,941,000 | 19,681,000 | 20,526,000 | 21,389,000 | 17,609,000 | 22,235,000 | 26,665,000 | 24,056,000 | 20,607,000 | 20,298,000 | 18,794,000 | 17,657,000 | 16,740,000 | 16,718,000 | 8,852,000 | 6,964,000 | 8,033,000 | 14,436,000 | 14,702,000 | 14,886,000 | 13,536,000 | 11,330,000 | 11,238,000 | 11,816,000 | 11,659,000 | 9,763,000 | 9,852,000 | 8,550,000 | 9,718,000 | 8,797,000 |
selling, general and administrative | 59,404,000 | 47,989,000 | 53,092,000 | 58,602,000 | 59,724,000 | 59,315,000 | 60,536,000 | 58,029,000 | 57,249,000 | 61,385,000 | 57,217,000 | 56,333,000 | 70,596,000 | 62,771,000 | 71,022,000 | 55,635,000 | 58,732,000 | 53,114,000 | 52,550,000 | ||||||||||||||||||
impairment of goodwill | 4,690,000 | 5,294,000 | 6,079,000 | 1,534,000 | 17,558,000 | ||||||||||||||||||||||||||||||||
other operating expense | 963,000 | 1,048,000 | 4,742,000 | 1,130,000 | 859,000 | 109,000 | 325,000 | 465,000 | 3,335,000 | 2,939,000 | 1,038,000 | -186,000 | 4,154,000 | 2,041,000 | |||||||||||||||||||||||
total operating expenses | 82,351,000 | 68,013,000 | 76,527,000 | 84,283,000 | 85,240,000 | 86,160,000 | 80,456,000 | 78,295,000 | 77,395,000 | 85,246,000 | 81,545,000 | 80,614,000 | 107,445,000 | 117,548,000 | 100,819,000 | 76,242,000 | 79,154,000 | 95,908,000 | 87,407,000 | 86,054,000 | 81,593,000 | 40,516,000 | 45,020,000 | 39,108,000 | 44,169,000 | 43,350,000 | 48,439,000 | 40,860,000 | 35,636,000 | 34,680,000 | 37,270,000 | 37,698,000 | 29,360,000 | 27,939,000 | 26,368,000 | 27,440,000 | 26,990,000 |
operating income | 50,863,000 | 25,689,000 | 19,582,000 | 12,448,000 | 9,843,000 | 18,488,000 | 17,356,000 | 8,791,000 | 11,511,000 | -3,312,000 | 1,305,000 | 7,123,000 | -8,802,000 | -7,167,000 | 17,591,000 | 27,601,000 | 35,309,000 | 16,805,000 | 34,794,000 | ||||||||||||||||||
yoy | 416.74% | 38.95% | 12.83% | 41.60% | -14.49% | -658.21% | 1229.96% | 23.42% | -230.78% | -53.79% | -92.58% | -74.19% | -124.93% | -142.65% | -49.44% | ||||||||||||||||||||||
qoq | 98.00% | 31.19% | 57.31% | 26.47% | -46.76% | 6.52% | 97.43% | -23.63% | -447.55% | -353.79% | -81.68% | -180.92% | 22.81% | -140.74% | -36.27% | -21.83% | 110.11% | -51.70% | |||||||||||||||||||
operating margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | -Infinity% | -Infinity% | Infinity% | 6.31% | 7.63% | 3.74% | 7.40% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
non-operating expense: | |||||||||||||||||||||||||||||||||||||
interest expense | 650,000 | 721,000 | 47,000 | 153,000 | 573,000 | 2,183,000 | 4,396,000 | 5,403,000 | 6,167,000 | 7,249,000 | 9,559,000 | 12,319,000 | 8,059,000 | 8,006,000 | 8,037,000 | 6,491,000 | 5,110,000 | 4,462,000 | 5,106,000 | 30,168,000 | -5,049,000 | -4,365,000 | -3,154,000 | -3,264,000 | -3,094,000 | -4,150,000 | -4,492,000 | -4,567,000 | -5,001,000 | -5,273,000 | -5,875,000 | -6,217,000 | -4,098,000 | -4,230,000 | -4,599,000 | -6,132,000 | -8,294,000 |
other non-operating income | -3,485,000 | ||||||||||||||||||||||||||||||||||||
total non-operating expense | -2,835,000 | -27,262,000 | 11,722,000 | 3,094,000 | -866,000 | 1,974,000 | 5,032,000 | 26,374,000 | 6,608,000 | 7,497,000 | 8,983,000 | 10,973,000 | 8,573,000 | 21,335,000 | 7,377,000 | 7,758,000 | 5,660,000 | 6,247,000 | 6,341,000 | ||||||||||||||||||
income before taxes | 53,698,000 | 52,951,000 | 7,860,000 | 9,354,000 | 10,709,000 | 16,514,000 | 12,324,000 | -17,583,000 | 4,903,000 | -10,809,000 | -7,678,000 | -3,850,000 | -17,375,000 | -28,502,000 | 10,214,000 | 19,843,000 | 29,649,000 | 10,558,000 | 28,453,000 | ||||||||||||||||||
income tax provision | 7,515,000 | 14,410,000 | 1,805,000 | -1,196,000 | 7,259,000 | 7,643,000 | 6,360,000 | 6,209,000 | -1,323,000 | 2,198,000 | 3,534,000 | -59,079,000 | 6,702,000 | -1,716,000 | 4,890,000 | -584,000 | 5,154,000 | 7,586,000 | 7,755,000 | ||||||||||||||||||
net income | 46,183,000 | 38,541,000 | 6,055,000 | 10,550,000 | 3,450,000 | 8,871,000 | 5,964,000 | -23,792,000 | 6,226,000 | -13,007,000 | -19,360,000 | -140,155,000 | -24,077,000 | -26,786,000 | 5,324,000 | 20,427,000 | 24,495,000 | 2,972,000 | 20,698,000 | 21,289,000 | -6,654,000 | 5,844,000 | 2,027,000 | 7,528,000 | 825,000 | -9,720,000 | 224,000 | 5,625,000 | 1,945,000 | 12,786,000 | 30,976,000 | 29,718,000 | 31,946,000 | 36,794,000 | 21,005,000 | -10,209,000 | 7,958,000 |
yoy | 1238.64% | 334.46% | 1.53% | -144.34% | -44.59% | -168.20% | -130.81% | -83.02% | -125.86% | -51.44% | -463.64% | -786.13% | -198.29% | -1001.28% | -74.28% | -4.05% | -468.12% | -49.14% | 921.11% | 182.80% | -906.55% | -160.12% | 804.91% | 33.83% | -57.58% | -176.02% | -99.28% | -81.07% | -93.91% | -65.25% | 47.47% | -391.10% | 301.43% | ||||
qoq | 19.83% | 536.52% | -42.61% | 205.80% | -61.11% | 48.74% | -125.07% | -482.14% | -147.87% | -32.82% | -86.19% | 482.11% | -10.11% | -603.12% | -73.94% | -16.61% | 724.19% | -85.64% | -2.78% | -419.94% | -213.86% | 188.31% | -73.07% | 812.48% | -108.49% | -4439.29% | -96.02% | 189.20% | -84.79% | -58.72% | 4.23% | -6.97% | -13.18% | 75.17% | -305.75% | -228.29% | |
net income margin % | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | Infinity% | 4.67% | 5.30% | 0.66% | 4.40% | 4.55% | -1.52% | 1.92% | 0.69% | 2.53% | 0.29% | -3.57% | 0.08% | 2.02% | 0.83% | 4.21% | 7.86% | 7.95% | 9.52% | 11.72% | 7.91% | -4.58% | 3.84% |
net income attributable to noncontrolling interest | 1,494,000 | 1,089,000 | 785,000 | 1,119,000 | 789,000 | 789,000 | 747,000 | 755,000 | 610,000 | 613,000 | 561,000 | 689,000 | 378,000 | 433,000 | 332,000 | 468,000 | 382,000 | 514,000 | 671,000 | 639,000 | 557,000 | ||||||||||||||||
net income attributable to penguin solutions | 44,689,000 | 37,452,000 | 5,270,000 | 9,431,000 | 2,661,000 | 8,082,000 | 5,217,000 | ||||||||||||||||||||||||||||||
preferred stock dividends | 3,033,000 | 3,033,000 | 3,033,000 | ||||||||||||||||||||||||||||||||||
income available for distribution | 41,656,000 | 34,419,000 | 2,237,000 | 6,397,000 | -372,000 | 5,482,000 | |||||||||||||||||||||||||||||||
income allocated to participating securities | 4,448,000 | 3,594,000 | 231,000 | 585,000 | 482,000 | ||||||||||||||||||||||||||||||||
net income available to common stockholders | 37,208,000 | 30,825,000 | 2,006,000 | ||||||||||||||||||||||||||||||||||
earnings per common share | |||||||||||||||||||||||||||||||||||||
basic | 730 | ||||||||||||||||||||||||||||||||||||
diluted | 680 | ||||||||||||||||||||||||||||||||||||
common stock used in per share calculations: | |||||||||||||||||||||||||||||||||||||
basic | 50,998 | 52,283 | 52,900 | ||||||||||||||||||||||||||||||||||
diluted | 55,063 | 53,186 | 54,991 | ||||||||||||||||||||||||||||||||||
other non-operating expense | -27,983,000 | 11,675,000 | 2,941,000 | -1,439,000 | -209,000 | 636,000 | 20,971,000 | 441,000 | 248,000 | -576,000 | -1,346,000 | 514,000 | 13,329,000 | -660,000 | 1,267,000 | 550,000 | 1,785,000 | 1,235,000 | |||||||||||||||||||
earnings per share | |||||||||||||||||||||||||||||||||||||
basic | 0.59 | 0.04 | -0.238 | -0.5 | -0.55 | 0.1 | 0.41 | 0.48 | 0.05 | 0.82 | 0.85 | -0.3 | 0.24 | 0.08 | 0.31 | 0.03 | -0.41 | 0.01 | 0.24 | 0.08 | 0.56 | 1.37 | 1.33 | 1.44 | 1.68 | 0.97 | |||||||||||
diluted | 0.58 | 0.04 | -0.238 | -0.5 | -0.55 | 0.1 | 0.38 | 0.44 | 0.04 | 0.73 | 0.8 | -0.3 | 0.23 | 0.08 | 0.31 | 0.03 | -0.41 | 0.01 | 0.23 | 0.08 | 0.55 | 1.33 | 1.27 | 1.37 | 1.6 | 0.92 | |||||||||||
net income from continuing operations | 10,550,000 | 3,450,000 | 8,871,000 | 5,964,000 | -23,792,000 | 6,226,000 | -13,007,000 | -11,212,000 | |||||||||||||||||||||||||||||
net loss from discontinued operations | |||||||||||||||||||||||||||||||||||||
preferred share dividends | 1,408,250 | 3,033,000 | 2,600,000 | ||||||||||||||||||||||||||||||||||
net income available to ordinary shareholders | 2,412,250 | -372,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||
basic earnings per ordinary share: | |||||||||||||||||||||||||||||||||||||
continuing operations | -179.71 | -10 | 90 | 0.1 | -0.47 | 0.11 | -0.26 | -0.23 | |||||||||||||||||||||||||||||
discontinued operations | -0.15 | ||||||||||||||||||||||||||||||||||||
diluted earnings per ordinary share: | |||||||||||||||||||||||||||||||||||||
ordinary shares used in per share calculations: | |||||||||||||||||||||||||||||||||||||
basic | 13,338.75 | 53,130 | 53,454 | ||||||||||||||||||||||||||||||||||
diluted | 13,584 | 53,738 | 54,384 | ||||||||||||||||||||||||||||||||||
basic earnings per share: | |||||||||||||||||||||||||||||||||||||
diluted earnings per share: | |||||||||||||||||||||||||||||||||||||
shares used in per share calculations: | |||||||||||||||||||||||||||||||||||||
basic | 53,482 | 209 | 52,570 | 52,031 | 52,068 | 414 | 49,380 | 49,116 | 48,962 | -76 | 50,095 | 49,522 | 24,506 | -564 | 24,035 | 24,217 | 24,561 | 99 | 24,066 | 23,906 | 23,713 | 135 | 23,005 | 22,872 | 22,595 | 119 | 22,206 | 21,915 | 21,673 | ||||||||
diluted | 54,312 | 209 | 54,283 | 52,031 | 52,068 | 2,170 | 49,380 | 49,116 | 49,791 | -1,313 | 54,998 | 57,636 | 27,318 | -110 | 24,035 | 25,203 | 25,103 | 99 | 24,431 | 23,906 | 24,286 | 94 | 23,330 | 23,359 | 23,257 | 99 | 23,306 | 23,038 | 22,715 | ||||||||
change in fair value of contingent consideration | 4,100,000 | 14,800,000 | 6,400,000 | 3,700,000 | 124,000 | 24,000,000 | 17,200,000 | ||||||||||||||||||||||||||||||
net income from discontinued operations | -8,148,000 | ||||||||||||||||||||||||||||||||||||
net income attributable to sgh | -6,981,250 | 5,616,000 | -13,620,000 | -19,921,000 | -140,844,000 | -24,455,000 | -27,219,000 | 4,992,000 | 19,959,000 | 24,113,000 | 2,458,000 | 20,027,000 | 20,650,000 | -7,211,000 | |||||||||||||||||||||||
earnings per share: | |||||||||||||||||||||||||||||||||||||
basic | 0.59 | 0.04 | -0.238 | -0.5 | -0.55 | 0.1 | 0.41 | 0.48 | 0.05 | 0.82 | 0.85 | -0.3 | 0.24 | 0.08 | 0.31 | 0.03 | -0.41 | 0.01 | 0.24 | 0.08 | 0.56 | 1.37 | 1.33 | 1.44 | 1.68 | 0.97 | |||||||||||
diluted | 0.58 | 0.04 | -0.238 | -0.5 | -0.55 | 0.1 | 0.38 | 0.44 | 0.04 | 0.73 | 0.8 | -0.3 | 0.23 | 0.08 | 0.31 | 0.03 | -0.41 | 0.01 | 0.23 | 0.08 | 0.55 | 1.33 | 1.27 | 1.37 | 1.6 | 0.92 | |||||||||||
net sales | 437,697,000 | 462,540,000 | 449,171,000 | 469,944,000 | 467,709,000 | 437,728,000 | 304,009,000 | 291,697,000 | 297,030,000 | 281,287,000 | 272,042,000 | 272,018,000 | 278,400,000 | 235,657,000 | 304,063,000 | 393,879,000 | 373,970,000 | 335,477,000 | 313,965,000 | 265,409,000 | 223,019,000 | 206,974,000 | |||||||||||||||
yoy | -6.42% | 5.67% | 47.75% | 61.11% | 57.46% | 55.62% | 11.75% | 7.23% | 6.69% | 19.36% | -10.53% | -30.94% | -25.56% | -29.75% | -3.15% | 48.40% | 67.69% | 62.09% | |||||||||||||||||||
qoq | -5.37% | 2.98% | -4.42% | 0.48% | 6.85% | 43.99% | 4.22% | -1.80% | 5.60% | 3.40% | 0.01% | -2.29% | 18.14% | -22.50% | -22.80% | 5.32% | 11.47% | 6.85% | 18.29% | 19.01% | 7.75% | ||||||||||||||||
cost of sales | 333,854,000 | 348,077,000 | 336,458,000 | 347,743,000 | 349,915,000 | 353,241,000 | 250,553,000 | 239,053,000 | 240,693,000 | 227,054,000 | 220,536,000 | 217,698,000 | 226,108,000 | 192,622,000 | 246,932,000 | 308,810,000 | 291,291,000 | 257,423,000 | 240,948,000 | 207,573,000 | 175,011,000 | 159,599,000 | |||||||||||||||
selling, general, and administrative | 29,548,750 | 48,475,000 | 31,664,000 | 38,056,000 | 27,588,000 | 29,733,000 | 28,648,000 | 33,553,000 | 30,024,000 | 24,306,000 | 23,442,000 | 25,454,000 | 29,039,000 | 19,597,000 | 18,087,000 | 17,818,000 | 17,722,000 | 17,193,000 | |||||||||||||||||||
change in estimated fair value of acquisition-related contingent consideration | 4,100,000 | 16,400,000 | |||||||||||||||||||||||||||||||||||
income from operations | 5,864,250 | 2,894,000 | 12,940,000 | 7,624,000 | 17,229,000 | 10,064,000 | 8,156,000 | 5,881,000 | 11,432,000 | 7,399,000 | 22,451,000 | 47,799,000 | 44,981,000 | 48,694,000 | 45,078,000 | 31,468,000 | 20,568,000 | 20,385,000 | |||||||||||||||||||
other expense | -296,750 | -489,000 | -1,531,000 | -840,000 | -3,329,000 | ||||||||||||||||||||||||||||||||
total other expense | -3,438,750 | -5,538,000 | -5,896,000 | -2,322,000 | -3,563,000 | -6,539,000 | -16,536,000 | -5,332,000 | -3,748,000 | -4,904,000 | -5,021,000 | -9,204,000 | -12,204,000 | -11,243,000 | -1,682,000 | -7,314,000 | -27,019,000 | -9,056,000 | |||||||||||||||||||
income before income taxes | 2,425,500 | -2,644,000 | 7,044,000 | 5,302,000 | 13,666,000 | 3,525,000 | -8,380,000 | 549,000 | 7,684,000 | 2,495,000 | 17,430,000 | 38,595,000 | 32,777,000 | 37,451,000 | 43,396,000 | 24,154,000 | -6,451,000 | 11,329,000 | |||||||||||||||||||
provision for income taxes | 2,121,250 | 4,010,000 | 1,200,000 | 3,275,000 | 6,138,000 | 2,700,000 | 1,340,000 | 325,000 | 2,059,000 | 550,000 | 4,644,000 | 7,619,000 | 3,059,000 | 5,505,000 | 6,602,000 | 3,149,000 | 3,758,000 | 3,371,000 | |||||||||||||||||||
shares used in computing earnings per share: | |||||||||||||||||||||||||||||||||||||
basic | 53,482 | 209 | 52,570 | 52,031 | 52,068 | 414 | 49,380 | 49,116 | 48,962 | -76 | 50,095 | 49,522 | 24,506 | -564 | 24,035 | 24,217 | 24,561 | 99 | 24,066 | 23,906 | 23,713 | 135 | 23,005 | 22,872 | 22,595 | 119 | 22,206 | 21,915 | 21,673 | ||||||||
diluted | 54,312 | 209 | 54,283 | 52,031 | 52,068 | 2,170 | 49,380 | 49,116 | 49,791 | -1,313 | 54,998 | 57,636 | 27,318 | -110 | 24,035 | 25,203 | 25,103 | 99 | 24,431 | 23,906 | 24,286 | 94 | 23,330 | 23,359 | 23,257 | 99 | 23,306 | 23,038 | 22,715 | ||||||||
other income | 832,000 | -4,167,750 | -3,445,000 | -12,386,000 | -745,000 | 97,000 | 252,000 | -5,987,000 | -7,145,000 | 2,548,000 | -2,715,000 | -20,887,000 | -762,000 | ||||||||||||||||||||||||
management advisory fees | 1,000,000 | ||||||||||||||||||||||||||||||||||||
restructuring charge | |||||||||||||||||||||||||||||||||||||
net income per share | -0.66 | 0.57 | |||||||||||||||||||||||||||||||||||
shares used in computing basic net income per share | 3,477.25 | 13,986 | |||||||||||||||||||||||||||||||||||
shares used in computing diluted net income per share | 3,807.5 | 15,955 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-05-29 | 2026-02-27 | 2025-11-28 | 2025-08-29 | 2025-05-30 | 2025-02-28 | 2024-11-29 | 2024-08-30 | 2024-05-31 | 2024-03-01 | 2023-12-01 | 2023-08-25 | 2023-05-26 | 2023-02-24 | 2022-11-25 | 2022-08-26 | 2022-05-27 | 2022-02-25 | 2021-11-26 | 2021-08-27 | 2021-05-28 | 2021-02-26 | 2020-11-27 | 2020-08-28 | 2020-05-29 | 2020-02-28 | 2019-11-29 | 2019-08-30 | 2019-05-31 | 2019-03-01 | 2018-11-30 | 2018-08-31 | 2018-05-25 | 2018-02-23 | 2017-11-24 | 2017-08-25 | 2017-05-26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 440,301,000 | 489,172,000 | 461,451,000 | 453,754,000 | 709,871,000 | 621,682,000 | 370,295,000 | 383,147,000 | 453,791,000 | 442,329,000 | 529,059,000 | 365,563,000 | 401,275,000 | 375,854,000 | 324,821,000 | 363,065,000 | 387,326,000 | 365,768,000 | 233,050,000 | 222,986,000 | 188,992,000 | 139,803,000 | 164,097,000 | 150,811,000 | 131,845,000 | 141,860,000 | 111,389,000 | 98,139,000 | 126,099,000 | 95,174,000 | 62,954,000 | 31,375,000 | 64,495,000 | 51,816,000 | 23,503,000 | 22,436,000 | 22,341,000 |
accounts receivable | 702,981,000 | 369,935,000 | 326,892,000 | 307,904,000 | 292,504,000 | 330,384,000 | 275,629,000 | 251,743,000 | 211,842,000 | 169,718,000 | 170,590,000 | 219,247,000 | 243,571,000 | 229,474,000 | 306,323,000 | 410,323,000 | 357,457,000 | 385,925,000 | 344,107,000 | 313,393,000 | 274,950,000 | 203,376,000 | 212,886,000 | 215,918,000 | 223,211,000 | 217,361,000 | 228,782,000 | 217,433,000 | 230,177,000 | 326,470,000 | 330,473,000 | 237,212,000 | 262,101,000 | 223,500,000 | 236,199,000 | 183,303,000 | 174,453,000 |
accounts receivable, net - related party | 1,288,000 | 674,000 | 15,076,000 | ||||||||||||||||||||||||||||||||||
inventories | 498,318,000 | 322,360,000 | 213,205,000 | 255,182,000 | 184,348,000 | 199,737,000 | 246,952,000 | 151,213,000 | 177,299,000 | 172,763,000 | 208,441,000 | 174,977,000 | 226,051,000 | 294,367,000 | 416,082,000 | 323,084,000 | 365,258,000 | 334,148,000 | 317,851,000 | 363,601,000 | 288,962,000 | 189,327,000 | 147,203,000 | 162,991,000 | 180,554,000 | 161,407,000 | 159,999,000 | 118,738,000 | 132,816,000 | 171,843,000 | 188,390,000 | 221,419,000 | 147,948,000 | 148,577,000 | 128,158,000 | 127,135,000 | 135,489,000 |
other current assets | 85,866,000 | 56,301,000 | 50,390,000 | 47,387,000 | 37,497,000 | 67,639,000 | 79,273,000 | 75,264,000 | 85,649,000 | 76,481,000 | 54,373,000 | 51,790,000 | 68,014,000 | 78,475,000 | 74,685,000 | 55,393,000 | 57,525,000 | 45,876,000 | 48,829,000 | 50,838,000 | |||||||||||||||||
total current assets | 1,728,754,000 | 1,238,442,000 | 1,067,014,000 | 1,064,227,000 | 1,249,896,000 | 1,244,765,000 | 995,579,000 | 867,704,000 | 942,327,000 | 884,730,000 | 986,848,000 | 907,402,000 | 938,911,000 | 978,170,000 | 1,121,911,000 | 1,151,865,000 | 1,167,566,000 | 1,131,717,000 | 943,837,000 | 950,818,000 | 806,245,000 | 578,827,000 | 558,523,000 | 556,710,000 | 567,106,000 | 549,907,000 | 532,328,000 | 472,260,000 | 520,144,000 | 621,414,000 | 622,168,000 | 522,049,000 | 494,763,000 | 442,074,000 | 400,086,000 | 346,989,000 | 347,982,000 |
property and equipment | 85,209,000 | 86,890,000 | 90,383,000 | 92,603,000 | 93,882,000 | 97,116,000 | 100,239,000 | 106,548,000 | 107,646,000 | 109,516,000 | 112,328,000 | 118,734,000 | 177,751,000 | 171,798,000 | 165,033,000 | 153,935,000 | 159,111,000 | 149,059,000 | 148,897,000 | 156,266,000 | 153,261,000 | 78,146,000 | 60,045,000 | 54,705,000 | 53,760,000 | 59,029,000 | 63,902,000 | 68,345,000 | 67,135,000 | 66,860,000 | 60,412,000 | 56,615,000 | 53,051,000 | 53,238,000 | 55,134,000 | 55,182,000 | 52,006,000 |
operating lease right-of-use assets | 55,515,000 | 56,630,000 | 57,254,000 | 58,847,000 | 61,850,000 | 56,363,000 | 58,317,000 | 60,349,000 | 61,729,000 | 62,529,000 | 64,637,000 | 68,444,000 | 77,789,000 | 80,468,000 | 83,018,000 | 77,399,000 | 43,524,000 | 35,816,000 | 37,723,000 | 40,869,000 | 35,307,000 | 25,049,000 | 23,050,000 | 25,013,000 | 26,289,000 | 28,665,000 | 27,211,000 | ||||||||||
intangible assets | 66,536,000 | 73,474,000 | 80,568,000 | 87,754,000 | 95,130,000 | 103,280,000 | 111,926,000 | 121,454,000 | 131,380,000 | 140,923,000 | 150,283,000 | 160,185,000 | 171,415,000 | 182,894,000 | 193,337,000 | 77,812,000 | 83,219,000 | 88,887,000 | 95,331,000 | 101,073,000 | 107,160,000 | 48,844,000 | 52,258,000 | 55,671,000 | 59,085,000 | 62,498,000 | 65,912,000 | 69,325,000 | 23,326,000 | 24,302,000 | 25,279,000 | 26,255,000 | 1,173,000 | 2,533,000 | 3,692,000 | 5,107,000 | 8,001,000 |
goodwill | 145,895,000 | 145,895,000 | 145,895,000 | 145,895,000 | 150,585,000 | 155,879,000 | 161,958,000 | 161,958,000 | 161,958,000 | 161,958,000 | 161,958,000 | 161,958,000 | 183,089,000 | 182,710,000 | 199,691,000 | 74,009,000 | 75,043,000 | 73,413,000 | 72,487,000 | 74,255,000 | 73,257,000 | 73,017,000 | 72,100,000 | 73,955,000 | 73,451,000 | 78,347,000 | 79,868,000 | 81,423,000 | 44,805,000 | 46,130,000 | 45,655,000 | 45,394,000 | 42,872,000 | 45,709,000 | 44,626,000 | 46,022,000 | 45,360,000 |
deferred tax assets | 98,789,000 | 99,078,000 | 99,023,000 | 99,107,000 | 83,872,000 | 84,944,000 | 84,934,000 | 85,078,000 | 77,903,000 | 73,914,000 | 74,365,000 | 74,085,000 | |||||||||||||||||||||||||
other noncurrent assets | 10,336,000 | 49,348,000 | 58,058,000 | 68,767,000 | 67,567,000 | 68,997,000 | 70,062,000 | 71,415,000 | 63,190,000 | 83,884,000 | 80,446,000 | 15,150,000 | 42,233,000 | 44,043,000 | 44,670,000 | 37,044,000 | 25,589,000 | 29,621,000 | 25,423,000 | 21,517,000 | 13,827,000 | 16,924,000 | 18,749,000 | 20,554,000 | 12,609,000 | 29,991,000 | 13,512,000 | 12,784,000 | 14,603,000 | 17,702,000 | 17,561,000 | 22,449,000 | 21,193,000 | 21,556,000 | 25,772,000 | 26,728,000 | 21,936,000 |
total assets | 2,191,034,000 | 1,749,757,000 | 1,598,195,000 | 1,617,200,000 | 1,802,782,000 | 1,811,344,000 | 1,583,015,000 | 1,474,506,000 | 1,546,133,000 | 1,517,454,000 | 1,630,865,000 | 1,505,958,000 | 1,591,188,000 | 1,640,083,000 | 1,807,660,000 | 1,572,064,000 | 1,554,052,000 | 1,508,513,000 | 1,323,698,000 | 1,344,798,000 | 1,189,057,000 | 820,807,000 | 784,725,000 | 786,608,000 | 792,300,000 | 808,437,000 | 782,733,000 | 704,137,000 | 670,013,000 | 776,408,000 | 771,075,000 | 672,762,000 | 613,052,000 | 565,110,000 | 529,310,000 | 480,028,000 | 475,285,000 |
liabilities, temporary equity and stockholders' equity | |||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 802,639,000 | 454,503,000 | 347,526,000 | 318,761,000 | 310,572,000 | 278,093,000 | 284,636,000 | 219,090,000 | 230,646,000 | 182,021,000 | 219,082,000 | 182,035,000 | 210,125,000 | 226,289,000 | 389,151,000 | 413,354,000 | 448,012,000 | 440,983,000 | 426,883,000 | 484,107,000 | |||||||||||||||||
current debt | 148,401,000 | 19,974,000 | 19,945,000 | 19,916,000 | 19,891,000 | 28,511,000 | 35,618,000 | 32,253,000 | 32,141,000 | 28,435,000 | 12,025,000 | 8,795,000 | 6,425,000 | 35,802,000 | 25,354,000 | ||||||||||||||||||||||
deferred revenue | 90,406,000 | 81,623,000 | 43,648,000 | 73,893,000 | 101,374,000 | 121,646,000 | 41,326,000 | 63,954,000 | 88,719,000 | 37,228,000 | 39,096,000 | 48,096,000 | |||||||||||||||||||||||||
other current liabilities | 78,291,000 | 54,568,000 | 46,962,000 | 61,300,000 | 44,882,000 | 54,075,000 | 100,924,000 | 44,552,000 | 31,777,000 | 48,710,000 | 32,115,000 | 32,731,000 | 96,227,000 | 131,117,000 | 109,721,000 | 90,161,000 | 68,089,000 | 86,396,000 | 72,434,000 | 74,337,000 | 138,008,000 | ||||||||||||||||
total current liabilities | 1,119,737,000 | 590,694,000 | 458,110,000 | 473,899,000 | 476,744,000 | 473,705,000 | 426,886,000 | 327,596,000 | 351,142,000 | 267,959,000 | 368,804,000 | 426,250,000 | 384,305,000 | 420,447,000 | 551,807,000 | 515,540,000 | 524,896,000 | 533,804,000 | 535,119,000 | 583,798,000 | 492,218,000 | 323,024,000 | 282,568,000 | 282,489,000 | 306,260,000 | 277,227,000 | 299,975,000 | 237,900,000 | 232,665,000 | 324,018,000 | 332,840,000 | 295,785,000 | 307,843,000 | 272,823,000 | 279,400,000 | 239,874,000 | 245,787,000 |
long-term debt | 294,763,000 | 442,777,000 | 442,333,000 | 441,893,000 | 639,562,000 | 638,900,000 | 658,070,000 | 657,347,000 | 667,042,000 | 740,663,000 | 748,299,000 | 754,820,000 | 782,258,000 | 789,364,000 | 796,985,000 | 591,389,000 | 485,026,000 | 483,911,000 | 341,150,000 | 340,484,000 | 338,047,000 | 210,811,000 | 197,634,000 | 195,573,000 | 193,547,000 | 191,593,000 | 177,303,000 | 182,450,000 | 188,428,000 | 194,537,000 | 200,532,000 | 184,190,000 | 136,606,000 | 142,752,000 | 148,249,000 | 154,450,000 | 197,910,000 |
noncurrent operating lease liabilities | 59,345,000 | 60,751,000 | 61,406,000 | 62,736,000 | 63,650,000 | 56,816,000 | 58,611,000 | 60,542,000 | 62,054,000 | 62,585,000 | 64,407,000 | 66,407,000 | 73,421,000 | 76,092,000 | 76,950,000 | 71,754,000 | 36,594,000 | 27,047,000 | 29,396,000 | 32,419,000 | |||||||||||||||||
other noncurrent liabilities | 60,779,000 | 44,866,000 | 31,877,000 | 30,445,000 | 27,903,000 | 30,032,000 | 30,499,000 | 29,813,000 | 35,374,000 | 34,743,000 | 33,346,000 | 29,248,000 | 27,038,000 | 22,660,000 | 22,531,000 | 14,835,000 | 6,643,000 | 7,139,000 | 8,049,000 | 8,673,000 | |||||||||||||||||
total liabilities | 1,534,624,000 | 1,139,088,000 | 993,726,000 | 1,008,973,000 | 1,207,859,000 | 1,199,453,000 | 1,174,066,000 | 1,075,298,000 | 1,115,612,000 | 1,105,950,000 | 1,214,856,000 | 1,276,725,000 | 1,267,022,000 | 1,308,563,000 | 1,448,273,000 | 1,193,518,000 | 1,154,983,000 | 1,153,601,000 | 991,414,000 | 1,025,874,000 | 911,589,000 | 562,248,000 | 506,407,000 | 504,504,000 | 527,781,000 | 501,386,000 | 510,949,000 | 430,677,000 | 427,933,000 | 526,118,000 | 541,410,000 | 485,634,000 | 446,697,000 | 418,202,000 | 430,559,000 | 397,632,000 | 447,903,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||
temporary equity | |||||||||||||||||||||||||||||||||||||
preferred stock, 0.03 par value; authorized 30,000 shares; 200 shares of convertible preferred stock issued and outstanding as of may 29, 2026 and august 29, 2025. redemption amount of 200,500 as of may 29, 2026 and august 29, 2025 | 202,710,000 | ||||||||||||||||||||||||||||||||||||
penguin solutions stockholders’ equity: | |||||||||||||||||||||||||||||||||||||
common stock | 1,944,000 | 1,926,000 | 1,908,000 | 1,883,000 | |||||||||||||||||||||||||||||||||
additional paid-in capital | 587,047,000 | 572,719,000 | 565,105,000 | 551,712,000 | 745,557,000 | 731,323,000 | 528,201,000 | 513,335,000 | 517,548,000 | 502,560,000 | 491,145,000 | 476,703,000 | 432,185,000 | 417,998,000 | 411,612,000 | 335,785,000 | 320,284,000 | 356,827,000 | 346,131,000 | 342,476,000 | 350,086,000 | 294,332,000 | 285,994,000 | 268,652,000 | 262,603,000 | 257,607,000 | 250,191,000 | 245,097,000 | 239,628,000 | 234,686,000 | 232,162,000 | 170,502,000 | |||||
retained earnings | 125,021,000 | 83,365,000 | 48,946,000 | 46,709,000 | 40,312,000 | 40,684,000 | 35,202,000 | 29,985,000 | 54,532,000 | 48,916,000 | 62,536,000 | 82,457,000 | 223,301,000 | 247,756,000 | 274,975,000 | 251,344,000 | 231,385,000 | 207,272,000 | 204,814,000 | 184,787,000 | 164,137,000 | 171,348,000 | 165,504,000 | 163,477,000 | 155,949,000 | 155,124,000 | 164,844,000 | 164,620,000 | 158,995,000 | 157,050,000 | 144,264,000 | 112,254,000 | 82,536,000 | 50,590,000 | 13,796,000 | -7,209,000 | 3,000,000 |
treasury stock | -274,962,000 | -263,210,000 | -226,269,000 | -206,076,000 | |||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 11,000 | 14,000 | 13,000 | 18,000 | 23,000 | 17,000 | 19,000 | 10,000 | 17,000 | 106,000 | 303,000 | -205,964,000 | -214,385,000 | -217,557,000 | -223,650,000 | -221,655,000 | -210,874,000 | -229,676,000 | -241,055,000 | -221,615,000 | |||||||||||||||||
total penguin solutions stockholders’ equity | 439,061,000 | 394,814,000 | 389,703,000 | 394,246,000 | |||||||||||||||||||||||||||||||||
noncontrolling interest in subsidiary | 14,639,000 | 13,145,000 | 12,056,000 | 11,271,000 | 10,152,000 | 9,363,000 | 8,574,000 | 7,827,000 | 7,072,000 | 6,462,000 | 5,849,000 | 6,758,000 | 6,069,000 | 5,691,000 | 7,267,000 | 6,935,000 | 6,467,000 | 6,085,000 | 9,344,000 | 8,673,000 | 8,035,000 | ||||||||||||||||
total stockholders' equity | 453,700,000 | 407,959,000 | 401,759,000 | 405,517,000 | |||||||||||||||||||||||||||||||||
total liabilities, temporary equity and stockholders' equity | 2,191,034,000 | 1,749,757,000 | 1,598,195,000 | 1,617,200,000 | |||||||||||||||||||||||||||||||||
preferred stock, 0.03 par value; authorized 30,000 shares; 200 shares of convertible preferred stock issued and outstanding as of february 27, 2026 and august 29, 2025. redemption amount of 200,366 and 200,500 as of february 27, 2026 and august 29, 2025, respectively | 202,710,000 | ||||||||||||||||||||||||||||||||||||
preferred stock, 0.03 par value; authorized 30,000 shares; 200 shares of convertible preferred stock issued and outstanding as of november 28, 2025 and august 29, 2025. redemption amount of 200,400 and 200,500 as of november 28, 2025 and august 29, 2025, respectively | 202,710,000 | ||||||||||||||||||||||||||||||||||||
short-term investments | 25,676,000 | 25,323,000 | 23,430,000 | 6,337,000 | 13,746,000 | 23,439,000 | 24,385,000 | 25,251,000 | |||||||||||||||||||||||||||||
preferred stock, 0.03 par value; authorized 30,000 shares; 200 shares of convertible preferred stock issued and outstanding as of august 29, 2025, redemption amount of 200,500; no shares issued or outstanding as of august 30, 2024 | 202,710,000 | ||||||||||||||||||||||||||||||||||||
liabilities and equity | |||||||||||||||||||||||||||||||||||||
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 | 1,869,000 | ||||||||||||||||||||||||||||||||||||
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 | 6,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 9,889 and 6,949 shares held as of may 30, 2025 and august 30, 2024, respectively | -202,996,000 | ||||||||||||||||||||||||||||||||||||
total penguin solutions shareholders’ equity | 584,771,000 | 602,528,000 | 400,375,000 | 391,381,000 | |||||||||||||||||||||||||||||||||
total equity | 594,923,000 | 611,891,000 | 408,949,000 | 399,208,000 | 430,521,000 | 411,504,000 | 416,009,000 | 229,233,000 | 324,166,000 | 331,520,000 | 359,387,000 | 378,546,000 | 399,069,000 | 354,912,000 | 332,284,000 | 318,924,000 | 277,468,000 | ||||||||||||||||||||
total liabilities and equity | 1,802,782,000 | 1,811,344,000 | 1,583,015,000 | 1,474,506,000 | 1,546,133,000 | 1,517,454,000 | 1,630,865,000 | 1,505,958,000 | 1,591,188,000 | 1,640,083,000 | 1,807,660,000 | 1,572,064,000 | 1,554,052,000 | 1,508,513,000 | 1,323,698,000 | 1,344,798,000 | |||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 61,620 shares issued and 53,668 outstanding as of february 28, 2025; 60,226 shares issued and 53,277 outstanding as of august 30, 2024 | 1,849,000 | ||||||||||||||||||||||||||||||||||||
preferred shares, 0.03 par value; authorized 30,000 shares; 200 shares issued and outstanding as of february 28, 2025; no shares issued or outstanding as of august 30, 2024 | 6,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 7,951 and 6,949 shares held as of february 28, 2025 and august 30, 2024, respectively | -171,351,000 | ||||||||||||||||||||||||||||||||||||
preferred shares, 0.03 par value; authorized 30,000 shares; none issued or outstanding | |||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 61,067 shares issued and 53,438 outstanding as of november 29, 2024; 60,226 shares issued and 53,277 outstanding as of august 30, 2024 | 1,832,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 7,629 and 6,949 shares held as of november 29, 2024 and august 30, 2024, respectively | -164,879,000 | ||||||||||||||||||||||||||||||||||||
current assets of discontinued operations | 70,574,000 | ||||||||||||||||||||||||||||||||||||
acquisition-related contingent consideration | 50,000,000 | 50,000,000 | 45,700,000 | 30,900,000 | 24,500,000 | 101,824,000 | 101,700,000 | 77,700,000 | 60,500,000 | ||||||||||||||||||||||||||||
current liabilities of discontinued operations | 77,770,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 60,226 shares issued and 53,277 shares outstanding as of august 30, 2024; 57,542 shares issued and 51,901 shares outstanding as of august 25, 2023 | 1,807,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 6,949 shares and 5,641 shares held as of august 30, 2024 and august 25, 2023, respectively | -153,756,000 | ||||||||||||||||||||||||||||||||||||
smart global holdings shareholders’ equity: | |||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 59,676 shares issued and 52,865 outstanding as of may 31, 2024; 57,542 shares issued and 51,901 outstanding as of august 25, 2023 | 1,790,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 6,811 and 5,641 shares held as of may 31, 2024 and august 25, 2023, respectively | -150,438,000 | ||||||||||||||||||||||||||||||||||||
total sgh shareholders’ equity | 423,449,000 | 405,042,000 | 410,160,000 | 222,475,000 | 318,097,000 | 325,829,000 | 352,120,000 | 371,611,000 | 392,602,000 | 348,827,000 | 322,940,000 | 310,251,000 | 269,433,000 | ||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 58,972 shares issued and 52,287 outstanding as of march 1, 2024; 57,542 shares issued and 51,901 outstanding as of august 25, 2023 | 1,769,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 6,685 and 5,641 shares held as of march 1, 2024 and august 25, 2023, respectively | -148,309,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 58,447 shares issued and 51,906 outstanding as of december 1, 2023; 57,542 shares issued and 51,901 outstanding as of august 25, 2023 | 1,753,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 6,541 and 5,641 shares held as of december 1, 2023 and august 25, 2023, respectively | -145,577,000 | ||||||||||||||||||||||||||||||||||||
noncurrent assets of discontinued operations | |||||||||||||||||||||||||||||||||||||
noncurrent liabilities of discontinued operations | |||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 57,542 shares issued and 51,901 shares outstanding as of august 25, 2023; 52,880 shares issued and 48,604 shares outstanding as of august 26, 2022 | 1,726,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 5,641 shares and 4,276 shares held as of august 25, 2023 and august 26, 2022, respectively | -132,447,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 55,159 shares issued and 49,807 outstanding as of may 26, 2023; 52,880 shares issued and 48,604 outstanding as of august 26, 2022 | 1,655,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 5,351 and 4,276 shares held as of may 26, 2023 and august 26, 2022, respectively | -124,659,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 54,383 shares issued and 49,072 outstanding as of february 24, 2023; 52,880 shares issued and 48,604 outstanding as of august 26, 2022 | 1,631,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 5,311 and 4,276 shares held as of february 24, 2023 and august 26, 2022, respectively | -123,999,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 53,940 shares issued and 49,339 outstanding as of november 25, 2022; 52,880 shares issued and 48,604 outstanding as of august 26, 2022 | 1,618,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 4,601 and 4,276 shares held as of november 25, 2022 and august 26, 2022, respectively | -112,435,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 52,880 shares issued and 48,604 outstanding as of august 26, 2022; 50,138 shares issued and 48,736 outstanding as of august 27, 2021 | 1,586,000 | ||||||||||||||||||||||||||||||||||||
additional paid-in-capital | 448,112,000 | 437,863,000 | 423,136,000 | 411,608,000 | 396,851,000 | ||||||||||||||||||||||||||||||||
treasury shares, 4,276 and 1,402 shares held as of august 26, 2022 and august 27, 2021, respectively | -107,776,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 52,432 shares issued and 50,376 outstanding as of may 27, 2022; 50,138 shares issued and 48,736 outstanding as of august 27, 2021 | 1,573,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 2,056 and 1,402 shares held as of may 27, 2022 and august 27, 2021, respectively | -67,345,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value; authorized 200,000 shares; 51,189 shares issued and 49,733 outstanding as of february 25, 2022; 50,138 shares issued and 48,736 outstanding as of august 27, 2021 | 1,535,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 1,456 and 1,402 shares held as of february 25, 2022 and august 27, 2021, respectively | -53,440,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; 26,137 issued and 24,684 outstanding as of november 26, 2021; 25,770 issued and 24,368 outstanding as of august 27, 2021 | 784,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 1,453 and 1,402 shares held as of november 26, 2021 and august 27, 2021, respectively | -53,211,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; 25,770 issued and 24,368 outstanding as of august 27, 2021; 24,568 issued and 24,419 outstanding as of august 28, 2020 | 773,000 | ||||||||||||||||||||||||||||||||||||
treasury shares, 1,402 and 149 shares held as of august 27, 2021 and august 28, 2020, respectively | -50,545,000 | ||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 53,341,000 | 46,321,000 | 34,337,000 | 26,990,000 | 31,496,000 | 29,279,000 | 32,158,000 | 37,950,000 | 31,052,000 | 27,927,000 | 40,351,000 | 32,043,000 | 20,219,000 | 18,181,000 | 12,226,000 | 14,115,000 | 15,699,000 | ||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||
accounts payable | 354,210,000 | 261,443,000 | 235,557,000 | 224,660,000 | 245,774,000 | 217,256,000 | 224,213,000 | 164,866,000 | 177,519,000 | 257,316,000 | 273,655,000 | 223,186,000 | 264,954,000 | 225,718,000 | 235,226,000 | 189,717,000 | 210,633,000 | ||||||||||||||||||||
long-term operating lease liabilities | 28,363,000 | 21,342,000 | 19,524,000 | 20,829,000 | 21,847,000 | 24,440,000 | 23,452,000 | ||||||||||||||||||||||||||||||
other long-term liabilities | 52,961,000 | 7,071,000 | 6,681,000 | 5,613,000 | 6,127,000 | 8,126,000 | 10,219,000 | 10,327,000 | 6,840,000 | 7,563,000 | 8,038,000 | 5,659,000 | 1,897,000 | 1,897,000 | 1,869,000 | 1,869,000 | 2,437,000 | ||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 24,238 and 24,419 as of may 28, 2021 and august 28, 2020, respectively | 769,000 | ||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -231,258,000 | -233,830,000 | -244,764,000 | -228,241,000 | -234,634,000 | -198,882,000 | -188,110,000 | -177,866,000 | -186,263,000 | -170,054,000 | -172,893,000 | -175,995,000 | -161,950,000 | -143,976,000 | -150,387,000 | -143,210,000 | -146,540,000 | ||||||||||||||||||||
total liabilities and shareholders’ equity | 1,189,057,000 | 820,807,000 | 784,725,000 | 786,608,000 | 792,300,000 | 808,437,000 | 782,733,000 | 704,137,000 | 670,013,000 | 776,408,000 | 771,075,000 | 672,762,000 | 613,052,000 | 565,110,000 | 529,310,000 | 480,028,000 | 475,285,000 | ||||||||||||||||||||
accrued liabilities | 61,581,000 | 47,011,000 | 57,829,000 | 59,878,000 | 58,425,000 | 52,723,000 | 48,980,000 | 36,059,000 | 52,008,000 | 49,317,000 | 45,190,000 | 20,816,000 | 24,151,000 | 21,674,000 | 27,316,000 | 22,130,000 | |||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 23,841 and 24,419 as of february 26, 2021 and august 28, 2020, respectively | 757,000 | ||||||||||||||||||||||||||||||||||||
total shareholders’ equity | 258,559,000 | 278,318,000 | 282,104,000 | 264,519,000 | 307,051,000 | 271,784,000 | 273,460,000 | 242,080,000 | 250,290,000 | 229,665,000 | 187,128,000 | 166,355,000 | 146,908,000 | 98,751,000 | 82,396,000 | 27,382,000 | |||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 24,759 and 24,419 as of november 27, 2020 and august 28, 2020, respectively | 751,000 | ||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 608,000 | 1,546,000 | 23,039,000 | 24,054,000 | 19,087,000 | 14,694,000 | 9,868,000 | 27,409,000 | 22,073,000 | 22,954,000 | 22,500,000 | 22,841,000 | 13,024,000 | ||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 24,419 and 23,617 as of august 28, 2020 and august 30, 2019, respectively | 737,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 24,144 and 23,617 as of may 29, 2020 and august 30, 2019, respectively | 728,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 23,993 and 23,617 as of february 28, 2020 and august 30, 2019, respectively | 723,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 23,838 and 23,617 as of november 29, 2019 and august 30, 2019, respectively | 718,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 23,617 and 22,480 as of august 30, 2019 and august 31, 2018, respectively | 712,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 23,081 and 22,480 as of may 31, 2019 and august 31, 2018, respectively | 696,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 22,927 and 22,480 as of march 1, 2019 and august 31, 2018, respectively | 691,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 22,781 and 22,480 as of november 30, 2018 and august 31, 2018, respectively | 687,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 22,480 and 21,666 as of august 31, 2018 and august 25, 2017, respectively | 678,000 | ||||||||||||||||||||||||||||||||||||
deferred tax liabilities | 351,000 | 730,000 | 1,041,000 | 1,439,000 | 1,769,000 | ||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 22,308 and 21,666 as of may 25, 2018 and august 25, 2017, respectively | 672,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 22,106 and 21,666 as of february 23, 2018 and august 25, 2017, respectively | 666,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 21,751 and 21,666 as of november 24, 2017 and august 25, 2017, respectively | 656,000 | ||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 21,666 and 13,869 as of august 25, 2017 and august 26, 2016, respectively | 653,000 | ||||||||||||||||||||||||||||||||||||
ordinary shares, 0.03 par value. authorized 200,000 shares; issued and outstanding 14,013 and 13,869 as of may 26, 2017 and august 26, 2016, respectively | 420,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-05-29 | 2026-02-27 | 2025-11-28 | 2025-08-29 | 2025-05-30 | 2025-02-28 | 2024-11-29 | 2024-08-30 | 2024-05-31 | 2024-03-01 | 2023-12-01 | 2023-08-25 | 2023-05-26 | 2023-02-24 | 2022-11-25 | 2022-08-26 | 2022-05-27 | 2022-02-25 | 2021-11-26 | 2021-08-27 | 2021-05-28 | 2021-02-26 | 2020-11-27 | 2020-08-28 | 2020-05-29 | 2020-02-28 | 2019-11-29 | 2019-08-30 | 2019-05-31 | 2019-03-01 | 2018-11-30 | 2018-08-31 | 2018-05-25 | 2018-02-23 | 2017-11-24 | 2017-08-25 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||||||||||||||||||||||||||||||||
net income | 46,183,000 | 38,541,000 | 6,055,000 | 10,550,000 | 3,450,000 | 8,871,000 | 5,964,000 | -23,792,000 | 6,226,000 | -13,007,000 | -19,360,000 | -140,155,000 | -24,077,000 | -26,786,000 | 5,324,000 | 20,427,000 | 24,495,000 | 2,972,000 | 20,698,000 | 21,289,000 | -6,654,000 | 5,844,000 | 2,027,000 | 7,528,000 | 825,000 | -9,720,000 | 224,000 | 5,625,000 | 1,945,000 | 12,786,000 | 30,976,000 | 29,718,000 | 31,946,000 | 36,794,000 | 21,005,000 | |
adjustments to reconcile net income from continuing operations to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||
depreciation expense and amortization of intangible assets | 12,307,000 | 12,751,000 | 12,819,000 | 13,206,000 | 14,012,000 | 14,037,000 | 14,961,000 | 15,381,000 | 15,525,000 | 17,156,000 | 17,654,000 | 10,612,000 | 21,300,000 | 19,931,000 | 19,789,000 | 16,446,000 | 16,571,000 | 16,077,000 | 15,813,000 | |||||||||||||||||
amortization of debt issuance costs | 576,000 | 658,000 | 658,000 | 673,000 | 917,000 | 950,000 | 953,000 | |||||||||||||||||||||||||||||
stock-based compensation expense | 9,996,000 | 5,119,000 | 10,080,000 | |||||||||||||||||||||||||||||||||
impairment of goodwill | 4,690,000 | 5,294,000 | 1,534,000 | 0 | ||||||||||||||||||||||||||||||||
loss on impairment of non-marketable equity investment | 0 | 0 | 10,000,000 | |||||||||||||||||||||||||||||||||
gain on disposition of equity investment | -3,892,000 | |||||||||||||||||||||||||||||||||||
deferred income taxes | 291,000 | -55,000 | 85,000 | -15,234,000 | 959,000 | -48,000 | 211,000 | -7,396,000 | -3,840,000 | 476,000 | -282,000 | -65,129,000 | -832,000 | 1,049,000 | 1,309,000 | -1,410,000 | 1,168,000 | -656,000 | 209,000 | |||||||||||||||||
other | -377,000 | -1,226,000 | 2,129,000 | 176,000 | -1,041,000 | -716,000 | -712,000 | 83,000 | -3,228,000 | -208,000 | 664,000 | 795,000 | -811,000 | 4,472,000 | -448,000 | -599,000 | -47,000 | 1,533,000 | -192,000 | |||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||
accounts receivable | -333,660,000 | -28,641,000 | -34,064,000 | -15,400,000 | 37,880,000 | -54,755,000 | -23,885,000 | -39,901,000 | -42,124,000 | 872,000 | 48,658,000 | -31,963,000 | -13,746,000 | 78,529,000 | 129,695,000 | -56,019,000 | 34,089,000 | -39,526,000 | -36,053,000 | -35,985,000 | -25,537,000 | 12,012,000 | -1,930,000 | 5,537,000 | -13,395,000 | 9,198,000 | -13,688,000 | 27,582,000 | 91,430,000 | 5,669,000 | -89,441,000 | 31,409,000 | -45,799,000 | 14,894,000 | -55,801,000 | -3,535,000 |
inventories | -175,958,000 | -109,155,000 | 41,977,000 | -70,834,000 | 15,389,000 | 47,215,000 | -93,380,000 | 26,086,000 | -4,535,000 | 35,678,000 | -33,464,000 | -9,344,000 | 67,952,000 | 119,491,000 | -82,882,000 | 39,783,000 | -26,531,000 | -13,225,000 | 39,640,000 | -71,396,000 | -38,359,000 | -41,053,000 | 12,919,000 | 20,641,000 | -26,932,000 | -3,343,000 | -42,206,000 | 19,312,000 | 35,111,000 | 17,084,000 | 30,576,000 | -14,495,000 | -6,384,000 | -17,810,000 | -3,746,000 | -17,018,000 |
other assets | 12,708,000 | -1,933,000 | -876,000 | -6,088,000 | -1,979,000 | 15,015,000 | 705,000 | 14,801,000 | 15,424,000 | -23,229,000 | 2,102,000 | -1,900,000 | 15,391,000 | -1,525,000 | -5,199,000 | 4,531,000 | ||||||||||||||||||||
accounts payable and accrued expenses and other liabilities | 357,038,000 | 165,929,000 | -17,805,000 | -2,894,000 | 11,788,000 | 24,649,000 | 97,471,000 | -30,320,000 | 83,632,000 | -22,587,000 | 23,581,000 | 22,755,000 | -49,907,000 | -145,951,000 | -83,030,000 | |||||||||||||||||||||
net cash from operating activities from continuing operations | -70,433,000 | 96,920,000 | 72,877,000 | 13,819,000 | -12,156,000 | 79,881,000 | -21,917,000 | 59,713,000 | ||||||||||||||||||||||||||||
net cash from operating activities from discontinued operations | 0 | 0 | -101,000 | 0 | -28,235,000 | |||||||||||||||||||||||||||||||
net cash from operating activities | -74,788,000 | 54,952,000 | 31,058,000 | -70,433,000 | 92,821,000 | 72,877,000 | 13,819,000 | -12,156,000 | 79,780,000 | -21,917,000 | 31,478,000 | 36,799,000 | 41,038,000 | 100,535,000 | -73,985,000 | 20,906,000 | 36,714,000 | 32,165,000 | 15,146,000 | 48,022,000 | 49,338,000 | 20,421,000 | 35,569,000 | 24,978,000 | 13,626,000 | 23,334,000 | 25,267,000 | 48,941,000 | 46,310,000 | 39,054,000 | 35,352,000 | -9,384,000 | 28,337,000 | 34,697,000 | 14,257,000 | -9,639,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | -74,788,000 | 54,952,000 | 31,058,000 | -70,433,000 | 92,821,000 | 72,877,000 | 13,819,000 | -12,156,000 | 79,780,000 | -21,917,000 | 31,478,000 | 36,799,000 | 41,038,000 | 100,535,000 | -73,985,000 | 20,906,000 | 36,714,000 | 32,165,000 | 15,146,000 | 48,022,000 | 49,338,000 | 20,421,000 | 35,569,000 | 24,978,000 | 13,626,000 | 23,334,000 | 25,267,000 | 48,941,000 | 46,310,000 | 39,054,000 | 35,352,000 | -9,384,000 | 28,337,000 | 34,697,000 | 14,257,000 | -9,639,000 |
cash flows from investing activities | ||||||||||||||||||||||||||||||||||||
capital expenditures and deposits on equipment | -2,841,000 | -1,603,000 | -2,853,000 | -2,925,000 | -1,916,000 | -2,335,000 | -1,836,000 | -5,795,000 | -3,777,000 | -5,204,000 | -4,648,000 | -1,899,000 | -13,260,000 | -12,613,000 | -11,649,000 | -8,855,000 | -9,156,000 | -7,376,000 | -12,766,000 | -7,563,000 | -5,222,000 | -20,151,000 | -14,644,000 | -15,556,000 | -7,521,000 | -4,210,000 | -5,158,000 | -3,321,000 | -10,496,000 | -6,232,000 | -13,384,000 | -7,487,000 | -7,794,000 | -4,418,000 | -6,039,000 | -14,894,000 |
proceeds from sales and maturities of investment securities | ||||||||||||||||||||||||||||||||||||
purchases of held-to-maturity investment securities | -12,939,000 | -12,733,000 | -12,671,000 | -20,723,000 | 1,000,000 | -1,000,000 | -11,034,000 | -8,469,000 | ||||||||||||||||||||||||||||
proceeds from disposition of equity investments | 39,552,000 | |||||||||||||||||||||||||||||||||||
net cash from investing activities from continuing operations | 22,367,000 | -2,473,000 | -4,349,000 | -18,922,000 | -8,278,000 | 4,620,000 | -4,506,000 | -3,640,000 | ||||||||||||||||||||||||||||
net cash from investing activities from discontinued operations | 0 | 0 | 451,000 | 0 | 118,938,000 | |||||||||||||||||||||||||||||||
net cash from investing activities | 36,219,000 | 30,264,000 | -3,374,000 | 22,367,000 | 25,877,000 | -4,349,000 | -18,922,000 | -8,278,000 | 5,071,000 | -4,506,000 | 115,298,000 | -48,747,000 | -12,826,000 | -13,353,000 | -223,643,000 | -8,926,000 | -9,210,000 | -7,457,000 | -13,377,000 | -15,770,000 | -33,780,000 | -20,000,000 | -14,628,000 | -15,306,000 | -7,463,000 | -4,156,000 | -5,116,000 | -79,251,000 | -10,478,000 | -6,348,000 | -13,363,000 | -49,599,000 | -7,759,000 | -4,352,000 | -6,039,000 | -14,668,000 |
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred shares, net of 8,818 paid issuance costs | ||||||||||||||||||||||||||||||||||||
repayments of debt | 0 | -224,703,000 | -75,000,000 | -37,211,000 | -14,423,000 | -4,485,000 | -8,153,000 | -4,507,000 | -4,489,000 | -2,073,000 | 0 | |||||||||||||||||||||||||
payments to acquire common stock | -11,752,000 | -36,941,000 | -20,193,000 | |||||||||||||||||||||||||||||||||
proceeds from restricted cash advances | ||||||||||||||||||||||||||||||||||||
payment of preferred stock cash dividends | -2,900,000 | -3,067,000 | -3,133,000 | |||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 4,350,000 | 2,513,000 | 3,339,000 | |||||||||||||||||||||||||||||||||
net cash from financing activities | 27,698,000 | -57,495,000 | -19,987,000 | -208,051,000 | -30,509,000 | 182,859,000 | -7,763,000 | -49,880,000 | -73,313,000 | -60,152,000 | -26,756,000 | 18,702,000 | -4,634,000 | -39,631,000 | 261,979,000 | -34,331,000 | -9,516,000 | 105,363,000 | 12,363,000 | 1,554,000 | 32,169,000 | -30,496,000 | -378,000 | -157,000 | 909,000 | 15,889,000 | -4,047,000 | -670,000 | -83,000 | -860,000 | 1,713,000 | 22,535,000 | -4,100,000 | -3,258,000 | -7,233,000 | -11,169,000 |
net increase in cash, cash equivalents and restricted cash | -10,871,000 | 27,721,000 | 7,697,000 | -256,117,000 | 88,189,000 | 251,387,000 | -12,866,000 | 49,263,000 | -35,444,000 | |||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 454,070,000 | 0 | 0 | 0 | 383,477,000 | 0 | 363,065,000 | |||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | -10,871,000 | 27,721,000 | 461,767,000 | -256,117,000 | 88,189,000 | 251,387,000 | 370,611,000 | 49,263,000 | 327,621,000 | |||||||||||||||||||||||||||
net loss from discontinued operations | ||||||||||||||||||||||||||||||||||||
net income from continuing operations | 10,550,000 | 3,450,000 | 8,871,000 | 5,964,000 | ||||||||||||||||||||||||||||||||
change in fair value of contingent consideration | 4,100,000 | 14,800,000 | 6,400,000 | 3,700,000 | 0 | 124,000 | 24,000,000 | 17,200,000 | ||||||||||||||||||||||||||||
loss on extinguishment debt | ||||||||||||||||||||||||||||||||||||
payment of acquisition-related contingent consideration | 0 | 0 | 0 | 0 | 0 | -73,724,000 | ||||||||||||||||||||||||||||||
purchases of non-marketable investments | ||||||||||||||||||||||||||||||||||||
acquisition of business, net of cash acquired | 0 | 0 | -2,800,000 | -210,273,000 | -75,940,000 | 0 | ||||||||||||||||||||||||||||||
net cash paid for settlement and purchase of capped calls | 0 | 0 | ||||||||||||||||||||||||||||||||||
distribution to noncontrolling interest | 0 | 0 | 0 | -1,470,000 | 0 | 0 | 0 | 0 | ||||||||||||||||||||||||||||
proceeds from debt | 0 | 0 | 0 | 295,287,000 | 7,882,000 | 0 | ||||||||||||||||||||||||||||||
payment of premium in connection with convertible note exchange | 0 | 0 | ||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock, net of issuance costs | ||||||||||||||||||||||||||||||||||||
proceeds from borrowing under line of credit | 0 | 0 | 24,000,000 | 60,000,000 | ||||||||||||||||||||||||||||||||
fees paid for revolving line of credit financing | 0 | 0 | -469,000 | -299,000 | ||||||||||||||||||||||||||||||||
net cash from financing activities from continuing operations | -208,051,000 | -30,509,000 | 182,859,000 | -7,763,000 | -49,880,000 | -73,313,000 | -60,152,000 | -26,150,000 | ||||||||||||||||||||||||||||
net cash from financing activities from discontinued operations | 0 | 0 | 0 | -606,000 | ||||||||||||||||||||||||||||||||
effect of changes in currency exchange rates | 0 | -76,000 | -155,000 | -1,025,000 | ||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period: | ||||||||||||||||||||||||||||||||||||
continuing operations | -70,314,000 | 11,462,000 | -86,730,000 | 529,059,000 | ||||||||||||||||||||||||||||||||
discontinued operations | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period: - sum | ||||||||||||||||||||||||||||||||||||
share-based compensation expense | 10,251,000 | 11,580,000 | 11,531,000 | 10,359,000 | 11,192,000 | 10,639,000 | 10,970,000 | 8,390,000 | 10,031,000 | 10,395,000 | 10,412,000 | 9,824,000 | 10,547,000 | 9,973,000 | 9,775,000 | |||||||||||||||||||||
loss on extinguishment or prepayment of debt | 21,646,000 | 792,000 | ||||||||||||||||||||||||||||||||||
proceeds from maturities of investment securities | 12,650,000 | 11,055,000 | 3,780,000 | 7,525,000 | 9,915,000 | 12,290,000 | 9,665,000 | |||||||||||||||||||||||||||||
payments to acquire ordinary shares | -31,645,000 | -6,472,000 | -11,123,000 | -3,318,000 | -2,129,000 | -2,732,000 | -13,130,000 | -7,788,000 | -660,000 | -11,564,000 | -4,659,000 | -40,431,000 | -13,905,000 | -229,000 | -2,666,000 | |||||||||||||||||||||
payment of preferred share cash dividends | -2,867,000 | |||||||||||||||||||||||||||||||||||
proceeds from issuance of ordinary shares | 4,003,000 | 382,000 | 3,360,000 | 1,745,000 | 3,817,000 | 792,000 | 3,455,000 | 34,615,000 | 4,180,000 | 308,000 | 3,942,000 | 291,000 | 5,029,000 | |||||||||||||||||||||||
proceeds from issuance of preferred shares, net of 8,702 paid issuance costs | ||||||||||||||||||||||||||||||||||||
net income from discontinued operations | 0 | 0 | 0 | -8,148,000 | ||||||||||||||||||||||||||||||||
repayments of borrowings under line of credit | 0 | 0 | -59,000,000 | -50,000,000 | ||||||||||||||||||||||||||||||||
net loss from continuing operations | 6,226,000 | -13,007,000 | -11,212,000 | |||||||||||||||||||||||||||||||||
adjustments to reconcile net loss from continuing operations to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||
amortization of debt discount and issuance costs | 817,000 | 968,000 | 1,042,000 | 1,010,000 | 937,000 | 1,048,000 | 1,069,000 | 2,787,000 | 2,706,000 | |||||||||||||||||||||||||||
net increase in cash and cash equivalents | 11,462,000 | -86,730,000 | 118,995,000 | 8,789,000 | -24,261,000 | 21,558,000 | 132,718,000 | 10,064,000 | 33,994,000 | 49,189,000 | -24,294,000 | 13,286,000 | -33,120,000 | 12,679,000 | 28,313,000 | 1,067,000 | ||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 410,064,000 | 0 | 0 | 0 | 0 | 222,986,000 | 0 | 0 | 0 | 150,811,000 | 0 | 0 | 0 | 22,436,000 | 35,293,000 | |||||||||||||||||||
cash and cash equivalents at end of period | 11,462,000 | -86,730,000 | 529,059,000 | 8,789,000 | -24,261,000 | 21,558,000 | 132,718,000 | 233,050,000 | 33,994,000 | 49,189,000 | -24,294,000 | 164,097,000 | -33,120,000 | 12,679,000 | 28,313,000 | 23,503,000 | 95,000 | |||||||||||||||||||
cash and cash equivalents at end of period: | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period: - sum | 11,462,000 | -86,730,000 | 529,059,000 | |||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 0 | ||||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||
effect of changes in currency exchange rates on cash and cash equivalents | -1,910,000 | 3,570,000 | 2,647,000 | -4,068,000 | ||||||||||||||||||||||||||||||||
effect of changes in currency exchange rates on cash, cash equivalents and restricted cash | 1,712,000 | 205,000 | ||||||||||||||||||||||||||||||||||
loss on remeasurement of capped calls | ||||||||||||||||||||||||||||||||||||
purchase of capped calls | ||||||||||||||||||||||||||||||||||||
supplemental disclosures: | ||||||||||||||||||||||||||||||||||||
interest paid, net of amounts capitalized | ||||||||||||||||||||||||||||||||||||
income taxes paid | ||||||||||||||||||||||||||||||||||||
amortization of operating lease right-of-use assets | 2,708,000 | 2,697,000 | 2,548,000 | 2,593,000 | 2,031,000 | 1,500,000 | 1,413,000 | 1,491,000 | 1,287,000 | 1,168,000 | 1,114,000 | |||||||||||||||||||||||||
accounts payable and accrued expenses | -15,323,000 | 22,105,000 | -53,751,000 | |||||||||||||||||||||||||||||||||
operating lease liabilities | -2,709,000 | -2,355,000 | -2,141,000 | -2,391,000 | -1,718,000 | -1,238,000 | -1,504,000 | -1,260,000 | -1,363,000 | -1,058,000 | -1,082,000 | |||||||||||||||||||||||||
other current assets | 6,132,000 | -932,000 | ||||||||||||||||||||||||||||||||||
proceeds from issuance of shares | ||||||||||||||||||||||||||||||||||||
amortization of debt discounts and issuance costs | 2,332,000 | 2,295,000 | 2,196,000 | 2,191,000 | 2,116,000 | 2,080,000 | 2,005,000 | 1,047,000 | 734,000 | 718,000 | 706,000 | 694,000 | 685,000 | 807,000 | 714,000 | 722,000 | 729,000 | |||||||||||||||||||
loss from change in fair value of contingent consideration | ||||||||||||||||||||||||||||||||||||
acquisitions of businesses, net of cash acquired | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of debt | ||||||||||||||||||||||||||||||||||||
supplement disclosures: | ||||||||||||||||||||||||||||||||||||
depreciation and amortization | 15,308,000 | 8,793,000 | 8,367,000 | 8,633,000 | 8,818,000 | 9,435,000 | 9,544,000 | 9,054,000 | 6,817,000 | 6,927,000 | 6,408,000 | 7,526,000 | 6,028,000 | 6,358,000 | 6,270,000 | 25,392,000 | ||||||||||||||||||||
share-based compensation | 8,381,000 | 5,398,000 | 11,088,000 | 4,907,000 | 4,647,000 | 5,956,000 | 5,563,000 | 4,433,000 | 4,148,000 | 4,055,000 | 3,959,000 | 3,297,000 | 1,697,000 | 1,605,000 | 3,975,000 | |||||||||||||||||||||
provision for doubtful accounts receivable and sales returns | 525,000 | 6,000 | -9,000 | -122,000 | 74,000 | -100,000 | 73,000 | 46,000 | 34,000 | -104,000 | -80,000 | 39,000 | 28,000 | -256,000 | ||||||||||||||||||||||
deferred income tax benefit | -3,354,000 | 49,000 | 222,000 | -2,180,000 | 425,000 | 610,000 | -970,000 | -1,149,000 | 677,000 | -650,000 | 403,000 | -1,444,000 | -422,000 | -734,000 | -220,000 | -2,305,000 | ||||||||||||||||||||
gain on disposal of property and equipment | -5,000 | |||||||||||||||||||||||||||||||||||
loss on mark-to-market adjustment of the capped call | 2,924,000 | |||||||||||||||||||||||||||||||||||
loss from mark-to-market adjustment of contingent consideration | ||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 4,963,000 | -9,849,000 | -9,277,000 | 6,879,000 | -7,615,000 | 1,386,000 | 5,110,000 | -3,393,000 | -2,455,000 | 7,424,000 | -3,182,000 | -5,241,000 | -5,186,000 | -67,000 | 1,758,000 | 677,000 | ||||||||||||||||||||
accounts payable | 76,537,000 | 21,607,000 | 18,022,000 | -25,599,000 | 39,031,000 | -3,782,000 | 60,438,000 | -19,684,000 | -76,442,000 | -17,017,000 | 48,574,000 | -66,331,000 | 46,532,000 | -10,145,000 | 47,492,000 | -38,133,000 | ||||||||||||||||||||
other current and long-term liabilities | ||||||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | 55,000 | 151,000 | 16,000 | 250,000 | 58,000 | 54,000 | 42,000 | 10,000 | 18,000 | 32,000 | 21,000 | 204,000 | 35,000 | 226,000 | ||||||||||||||||||||||
repurchase of ordinary shares | 0 | |||||||||||||||||||||||||||||||||||
proceeds from finep loan | 0 | |||||||||||||||||||||||||||||||||||
proceeds from borrowings under revolving line of credit | 72,000,000 | 23,000,000 | 19,500,000 | 42,500,000 | 42,000,000 | 6,000,000 | 12,500,000 | 19,000,000 | 67,500,000 | 64,000,000 | 104,000,000 | 151,895,000 | 69,000,000 | 103,000,000 | 105,500,000 | 334,750,000 | ||||||||||||||||||||
repayments of borrowings under revolving line of credit | -47,000,000 | -23,000,000 | -19,500,000 | -42,500,000 | -42,000,000 | -6,000,000 | -12,500,000 | -19,000,000 | -67,500,000 | -64,000,000 | -104,000,000 | -184,184,000 | -69,000,000 | -103,000,000 | -105,500,000 | -334,750,000 | ||||||||||||||||||||
proceeds from issuance of ordinary shares from share option exercises | 5,659,000 | 2,546,000 | 1,337,000 | 554,000 | 134,000 | 641,000 | 1,166,000 | 1,300,000 | 297,000 | 1,071,000 | 2,402,000 | 1,326,000 | 1,993,000 | 3,638,000 | 539,000 | 58,000 | ||||||||||||||||||||
proceeds from issuance of ordinary shares from espp | 1,847,000 | 0 | 1,768,000 | 0 | 1,742,000 | 0 | 1,242,000 | |||||||||||||||||||||||||||||
tax payments due upon issuance of ordinary shares for release of rsus | -337,000 | -151,000 | -3,483,000 | -96,000 | -282,000 | -351,000 | -20,000 | |||||||||||||||||||||||||||||
long-term debt payments - term loan | 0 | |||||||||||||||||||||||||||||||||||
long-term debt payments - bndes | -615,000 | |||||||||||||||||||||||||||||||||||
purchase of capped call | 0 | |||||||||||||||||||||||||||||||||||
proceeds from convertible notes due 2026, net of discount | 0 | 0 | ||||||||||||||||||||||||||||||||||
payment for extinguishment of long-term debt | 0 | 0 | ||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | 1,462,000 | 5,781,000 | -7,277,000 | 3,328,000 | -3,799,000 | 1,226,000 | 82,000 | 278,000 | ||||||||||||||||||||||||||||
supplemental disclosures of cash flow information: | ||||||||||||||||||||||||||||||||||||
cash paid during the period: | ||||||||||||||||||||||||||||||||||||
cash paid for interest | 443,000 | 3,044,000 | 185,000 | 5,058,000 | 4,696,000 | 5,760,000 | 4,930,000 | 5,016,000 | 4,942,000 | 4,243,000 | 3,567,000 | 3,958,000 | 3,523,000 | 15,834,000 | ||||||||||||||||||||||
cash paid for income taxes, net of refunds | 2,162,000 | 1,355,000 | 1,888,000 | 3,005,000 | 2,600,000 | 2,632,000 | 914,000 | 1,489,000 | 6,078,000 | 1,870,000 | 5,869,000 | 4,747,000 | 7,250,000 | 6,196,000 | 3,639,000 | 4,573,000 | ||||||||||||||||||||
noncash activities information: | ||||||||||||||||||||||||||||||||||||
fair value of non-cash consideration for acquisition of business | ||||||||||||||||||||||||||||||||||||
capital expenditures included in accounts payable at period end | 1,116,000 | 815,000 | 424,000 | -1,967,000 | 2,875,000 | -490,000 | 1,335,000 | -1,018,000 | 1,520,000 | -212,000 | 1,147,000 | 110,000 | 233,000 | -1,529,000 | 1,910,000 | -122,000 | ||||||||||||||||||||
unpaid debt fees related to convertible notes due 2026 | 875,000 | |||||||||||||||||||||||||||||||||||
loss on disposal of property and equipment | 2,565,000 | -42,000 | 56,000 | 22,000 | -4,000 | 3,000 | 461,000 | -14,000 | ||||||||||||||||||||||||||||
accrued expenses and other liabilities | 14,172,000 | -7,880,000 | -4,421,000 | 2,402,000 | 2,439,000 | 62,000 | 8,023,000 | -15,980,000 | 1,959,000 | 6,399,000 | 7,320,000 | -2,545,000 | 2,705,000 | -4,863,000 | 7,890,000 | |||||||||||||||||||||
loss on mark-to-market adjustment of the capped calls | ||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt / revolver | 0 | |||||||||||||||||||||||||||||||||||
write-off of other assets | ||||||||||||||||||||||||||||||||||||
payment of costs related to ipo | ||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of costs paid | ||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||
cash paid during the year: | ||||||||||||||||||||||||||||||||||||
reclassification of capped calls to shareholders' equity | ||||||||||||||||||||||||||||||||||||
fair value of ordinary shares issued and holdback in connection with acquisition | ||||||||||||||||||||||||||||||||||||
acquisition consideration held back to satisfy potential indemnification claims | ||||||||||||||||||||||||||||||||||||
fair value of contingent consideration for acquisition of business | ||||||||||||||||||||||||||||||||||||
unpaid debt fees related to term loan and revolver | 469,000 | |||||||||||||||||||||||||||||||||||
long-term debt payments | ||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash * | -4,596,000 | -2,854,000 | -4,824,000 | 374,000 | 2,018,000 | |||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash * | 30,471,000 | 13,250,000 | 30,925,000 | 32,220,000 | 25,720,000 | |||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period * | 0 | 98,139,000 | 0 | 0 | 37,234,000 | |||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period * | 30,471,000 | 111,389,000 | 30,925,000 | 32,220,000 | 62,954,000 | |||||||||||||||||||||||||||||||
* cash balance was adjusted to include restricted cash upon adoption of asu 2016-18 in fiscal 2019. | ||||||||||||||||||||||||||||||||||||
long-term debt payment | -6,435,000 | -1,704,000 | -1,712,000 | -1,657,000 | -6,093,000 | -6,125,000 | -6,184,000 | -13,744,000 | ||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from (used in) operating activities: | ||||||||||||||||||||||||||||||||||||
provision for doubtful accounts receivable | ||||||||||||||||||||||||||||||||||||
loss on early repayment of debt | ||||||||||||||||||||||||||||||||||||
issuance of ordinary shares from ipo, net of underwriting commissions | ||||||||||||||||||||||||||||||||||||
early debt payment for long-term debt | ||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash, cash equivalents and restricted cash* | ||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash* | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period* | ||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period* | ||||||||||||||||||||||||||||||||||||
fair value of warrants issued | ||||||||||||||||||||||||||||||||||||
ipo costs included in accounts payable and accrued liabilities at period end | 302,000 | -399,000 | ||||||||||||||||||||||||||||||||||
write off of long-term asset | ||||||||||||||||||||||||||||||||||||
payment of costs related to initial public offering | 0 | -302,000 | -1,289,000 | |||||||||||||||||||||||||||||||||
proceeds from issuance of ordinary shares from employee share purchase plan | 1,335,000 | 0 | 968,000 | |||||||||||||||||||||||||||||||||
withholding tax on restricted stock units | -11,000 | |||||||||||||||||||||||||||||||||||
proceeds receivable from the exercise of stock options | -383,000 | |||||||||||||||||||||||||||||||||||
restricted cash | ||||||||||||||||||||||||||||||||||||
issuance of ordinary shares from initial public offering (ipo), net of underwriting commissions | ||||||||||||||||||||||||||||||||||||
tax payments due upon issuance of ordinary shares for release of restricted stock units | ||||||||||||||||||||||||||||||||||||
extinguishment loss on long-term debt | ||||||||||||||||||||||||||||||||||||
warrants issued in connection with debt | ||||||||||||||||||||||||||||||||||||
net loss | ||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from (used in) operating activities: | ||||||||||||||||||||||||||||||||||||
write-off of deferred initial public offering costs | ||||||||||||||||||||||||||||||||||||
purchase of other assets | ||||||||||||||||||||||||||||||||||||
proceeds from escrow release related to sale of business | ||||||||||||||||||||||||||||||||||||
proceeds from long-term debt borrowing | ||||||||||||||||||||||||||||||||||||
distribution of share premium | ||||||||||||||||||||||||||||||||||||
payment for storage options related to escrow release | ||||||||||||||||||||||||||||||||||||
payment for strike price reductions | ||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||
amortization of debt original issuance discount | ||||||||||||||||||||||||||||||||||||
amortization of debt discount |
