Palladyne AI Corp. (PDYN) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Palladyne AI reported revenue of $5.2M, down 32.6% from $7.8M the year before. Net income was $10.0M (a 191.4% net margin), or $0.24 per diluted share. Gross margin was 48.7% and operating margin was -617.7%. Operating activities generated -$27.6M of cash, leaving -$28.4M of free cash flow. At fiscal year end, Palladyne AI held $95.7M in total assets against $21.0M in total liabilities, including $18.2M of cash and equivalents.
Open the full interactive Palladyne AI financials → Quarterly statements, key ratios, valuation history and price charts.
Palladyne AI Key Stats
| Share Price | $4.64 |
|---|---|
| Market Cap | $213.4M |
| P/E Ratio | 19.3 |
| Revenue YoY Growth | -32.6% |
| 52-Week Range | $4.15 – $10.30 |
| Shares Outstanding | 46.0 million (basic, 2026 Q2) |
Palladyne AI Income Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $5.1M | $14.6M | $6.1M | $7.8M | $5.2M |
| Cost of Goods Sold | $86.1M | $191.6M | $127.1M | $34.7M | $37.6M |
| Gross Profit | $1.2M | $3.0M | $1.1M | $4.3M | $2.6M |
| Operating Income | -$81.0M | -$177.0M | -$121.0M | -$26.9M | -$32.4M |
| Pre-Tax Income | -$81.5M | -$161.0M | -$115.6M | -$72.6M | $7.5M |
| Income Tax | $1,000 | -$3.9M | $7,000 | $5,000 | -$2.5M |
| Net Income | -$81.5M | -$157.1M | -$115.6M | -$72.6M | $10.0M |
| Diluted EPS | -$4.32 | -$6.42 | -$4.51 | -$2.71 | $0.24 |
Palladyne AI Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $860,000 | $1.7M | $3.5M | $5.8M |
| Net Income | -$3.7M | -$1.5M | -$12.6M | -$12.3M |
| Diluted EPS | -$0.09 | -$0.04 | -$0.28 | -$0.27 |
Palladyne AI Balance Sheet
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash & Equivalents | $217.1M | $35.2M | $23.1M | $31.2M | $18.2M |
| Current Assets | $228.3M | $129.1M | $45.1M | $42.7M | $52.6M |
| Total Assets | $235.8M | $167.6M | $60.4M | $56.3M | $95.7M |
| Current Liabilities | $6.2M | $10.5M | $8.5M | $4.4M | $5.7M |
| Total Liabilities | $21.9M | $23.2M | $19.5M | $65.8M | $21.0M |
| Shareholders' Equity | $214.0M | $144.4M | $40.9M | -$9.5M | $74.7M |
Palladyne AI Cash Flow Statement
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Cash From Operations | -$42.1M | -$65.4M | -$76.6M | -$22.6M | -$27.6M |
| Cash From Investing | -$4.7M | -$109.0M | $64.7M | $6.9M | -$24.6M |
| Cash From Financing | $230.2M | -$7.5M | -$82,000 | $23.8M | $39.2M |
| Free Cash Flow | -$46.8M | -$66.9M | -$77.4M | -$22.9M | -$28.4M |
Figures from Palladyne AI's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Palladyne AI financials page for every line item.
Palladyne AI Company Profile
| Ticker | PDYN |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | Salt Lake City, Utah |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company, emerging growth company |
| SEC CIK | 0001826681 |
Frequently Asked Questions
What was Palladyne AI's revenue in fiscal 2025?
Palladyne AI (PDYN) reported revenue of $5.2M for fiscal 2025.
What is Palladyne AI's annual revenue history?
Palladyne AI's annual revenue by fiscal year: 2021: $5.1M; 2022: $14.6M; 2023: $6.1M; 2024: $7.8M; 2025: $5.2M.
What was Palladyne AI's net income in fiscal 2025?
Palladyne AI reported net income of $10.0M for fiscal 2025.
What was Palladyne AI's earnings per share (EPS) in fiscal 2025?
Palladyne AI's diluted EPS was $0.24 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Palladyne AI generate in fiscal 2025?
Palladyne AI generated -$28.4M of free cash flow in fiscal 2025.
What was Palladyne AI's revenue last quarter?
In its most recent reported quarter (2026 Q2), Palladyne AI reported revenue of $5.8M.
How many shares of Palladyne AI are outstanding?
Palladyne AI reported a weighted average of 46.0 million basic shares outstanding in 2026 Q2.
What is Palladyne AI's market cap?
Based on its latest closing price, Palladyne AI (PDYN) has a market capitalization of about $213.4M.
When does Palladyne AI's fiscal year end?
Palladyne AI's fiscal year end, as registered with the SEC, is December 31.
Where is Palladyne AI headquartered?
Palladyne AI lists its business address in Salt Lake City, Utah in its SEC filings.