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Financials · PDYN

Palladyne AI Corp. (PDYN) financials

For the twelve months ended Jun 30, 2026, Palladyne AI Corp. reported $11.84M of revenue and -$30.17M of net income.

Revenue, TTM
$11.84M
Revenue growth, YoY
+171.8%
Net income, TTM
-$30.17M
Net margin
-254.7%
Free cash flow, TTM
-$36.70M
EPS, diluted, TTM
-$0.66
Cash
$33.77M
P/S
14.75
Market cap
$174.7M
Annual revenue$5.25M
FY2020FY2025
Annual net income$10.04M
FY2020FY2025
Annual free cash flow-$28.35M
FY2020FY2025

PDYN revenue and earnings growth

PDYN revenueQ2 2026$5.78M

Quarter YoY
+469.8%
QoQ
+63.5%
FY YoY
-32.6%
5Y CAGR
-9.9%

PDYN revenue was $5.78M in fiscal Q2 2026 (ended Jun 30, 2026), up 469.8% from a year earlier and up 63.5% from the prior quarter. For the full fiscal 2025 it was $5.25M, down 32.6% from fiscal 2024. Compound annual growth was -9.9% over 5 years. It rose in 2 of the last 5 fiscal years.

PDYN net incomeQ2 2026-$12.33M

PDYN net income was -$12.33M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$7.49M a year earlier. For the full fiscal 2025 it was $10.04M, compared with -$72.62M in fiscal 2024. Fiscal 2025 is the highest of the 6 fiscal years on file.

PDYN EPSQ2 2026-$0.27

PDYN diluted EPS was -$0.27 in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$0.20 a year earlier. For the full fiscal 2025 it was $0.24.

PDYN free cash flowQ2 2026-$11.02M

PDYN free cash flow was -$11.02M in fiscal Q2 2026 (ended Jun 30, 2026), compared with -$5.33M a year earlier. For the full fiscal 2025 it was -$28.35M, compared with -$22.89M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue$5.25M$7.79M$6.15M$14.57M$5.08M$8.81M
Cost of revenue$2.69M$3.49M$5.04M$11.61M$3.87M$5.60M
Gross profit$2.56M$4.30M$1.10M$2.96M$1.21M$3.21M
Research and development$12.90M$10.44M$39.01M$34.14M$17.52M$14.12M
Selling, general and admin$17.20M$16.84M$31.45M$63.48M$58.06M$7.30M
Operating income-$32.40M-$26.92M-$120.96M-$177.04M-$80.99M-$21.00M
Pre-tax income$7.50M-$72.61M-$115.59M-$161.02M-$81.51M-$20.93M
Income tax-$2.54M$5.0K$7.0K-$3.89M$1.0K$1.0K
Net income$10.04M-$72.62M-$115.59M-$157.13M-$81.51M-$20.93M
EPS, basic$0.26-$2.71-$4.51-$6.42-$4.32-$1.26
EPS, diluted$0.24-$2.71-$4.51-$6.42-$4.32-$1.26
Diluted shares42.1M26.8M25.6M24.5M18.9M16.7M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Cash and equivalents$18.22M$31.19M$23.14M$35.16M$217.11M$33.66M
Short-term investments$28.84M$8.88M$15.95M$79.34M--
Receivables$1.05M$134.0K$555.0K$1.87M$788.0K$1.05M
Inventory$339.0K$71.0K$1.06M$3.56M$1.01M$707.0K
Current assets$52.56M$42.73M$45.06M$129.10M$228.33M$36.33M
Goodwill$14.73M$0----
Total assets$95.71M$56.25M$60.43M$167.63M$235.82M$38.05M
Current liabilities$5.67M$4.43M$8.46M$10.53M$6.16M$3.56M
Total debt---$0-$2.39M
Total liabilities$21.04M$65.79M$19.52M$23.18M$21.86M$5.15M
Shareholders' equity$74.67M-$9.53M$40.91M$144.45M$213.96M$32.90M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Operating cash flow-$27.64M-$22.63M-$76.62M-$65.39M-$42.10M-$16.88M
Capital expenditures$713.0K$265.0K$782.0K$1.50M$4.69M$950.0K
Free cash flow-$28.35M-$22.89M-$77.40M-$66.89M-$46.79M-$17.83M
Investing cash flow-$24.58M$6.88M$64.68M-$109.05M-$4.69M-$950.0K
Financing cash flow$39.25M$23.80M-$82.0K-$7.52M$230.24M$42.30M
Stock-based compensation$4.45M$2.81M$12.04M$35.65M$43.12M$2.29M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
Revenue growth, YoY-32.6%26.7%-57.8%187.1%-42.4%-
Gross margin48.7%55.2%18.0%20.3%23.8%36.4%
Operating margin-617.7%-345.8%-1968.0%-1215.2%-1595.9%-238.3%
Net margin191.4%-932.7%-1880.8%-1078.5%-1606.1%-237.4%
Free cash flow margin-540.4%-294.0%-1259.4%-459.1%-922.0%-202.3%
Return on equity13.4%--282.6%-108.8%-38.1%-63.6%
Return on assets10.5%-129.1%-191.3%-93.7%-34.6%-55.0%
Current ratio9.289.645.3312.2637.0610.22
Debt to equity---0.00-0.07

Source: XBRL data Palladyne AI Corp. files with the SEC, latest filing dated Aug 6, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures and share counts are restated for stock splits the filings show: 1-for-6, first reported Nov 14, 2023.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

PDYN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
PDYN$11.84M+171.8%-$30.17M-254.7%$174.7M
MSFT$346.44B+17.9%$142.63B41.2%$4.05T
PLTR$7.29B+87.1%$3.67B50.3%$407.69B
ORCL$71.78B+21.6%$18.92B26.4%$362.21B
SAP€36.80B+7.7%€7.16B19.5%$291.67B
CRWD$5.40B+24.3%$58.46M1.1%$234.05B
SHOP$14.17B+32.5%$2.13B15.0%$195.63B
CRM$43.94B+11.2%$9.66B22.0%$176.90B
NOW$15.43B+21.8%$1.45B9.4%$106.66B

PDYN FAQ

9 questions
  • What is PDYN revenue?
    Palladyne AI Corp. (PDYN) reported $11.84M of revenue for the twelve months ended Jun 30, 2026. That is up 171.8% from the year before. Revenue for fiscal 2025 was $5.25M.
  • Is PDYN profitable?
    No. Palladyne AI Corp. reported a net loss of $30.17M for the twelve months ended Jun 30, 2026.
  • How much cash and debt does PDYN have?
    Palladyne AI Corp. reported $33.77M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is PDYN revenue growing?
    Palladyne AI Corp.'s revenue changed -32.6% in fiscal 2025, to $5.25M. Its compound annual growth rate was -9.9% over 5 years.
  • What is PDYN gross margin?
    Palladyne AI Corp.'s gross profit was $3.40M on $11.84M of revenue for the twelve months ended Jun 30, 2026, a gross margin of 28.7%.
  • What is PDYN free cash flow?
    Palladyne AI Corp. generated -$36.70M of free cash flow for the twelve months ended Jun 30, 2026, which is operating cash flow of -$35.20M less capital expenditures.
  • What is PDYN earnings per share?
    Diluted earnings per share were -$0.66 for the twelve months ended Jun 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did PDYN last report financial results?
    The latest statements here come from Palladyne AI Corp.'s 10-Q filed on Aug 6, 2026, covering the period ended Jun 30, 2026.
  • Where does this PDYN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Palladyne AI Corp. files with the SEC. It is provided for information only and is not investment advice.