Palladyne AI Corp. PDYN

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

The following discussion should be read in conjunction with the information about us contained elsewhere in this Report, including the information set forth in our consolidated financial statements and the related notes. Some of the information contained in this section or set forth elsewhere in this Report, including information with respect to our plans and strategy for our business, includes forward-looking statements that involve risks and uncertainties. You should read Part I Item 1A Risk Factors and the section titled "Special Note Regarding Forward-Looking Statements" for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and throughout this Report. We use the terms "Palladyne AI," "the Company," "we," "us," and "our" to refer to Palladyne AI Corp.

Last close 3.70 2026-10-23
Market cap $182.6M 2026-06-30 share count
52-week range 3.48 - 10.00

Valuation FY2025 figures against the last close

P/S34.8x
P/E15.4x
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS0.24

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Revenue $5.2M$7.8M$6.1M$14.6M$5.1M$8.8M—
Cost of revenue $2.7M$3.5M$5.0M$11.6M$3.9M$5.6M—
Gross profit $2.6M$4.3M$1.1M$3.0M$1.2M$3.2M—
R&D $12.9M$10.4M$39.0M$34.1M$17.5M$14.1M—
SG&A $17.2M$16.8M$31.5M$63.5M$58.1M$7.3M—
Total operating expenses $37.6M$34.7M$127.1M$191.6M$86.1M$29.8M—
Operating income -$32.4M-$26.9M-$121.0M-$177.0M-$81.0M-$21.0M—
Interest expense $1.9M$1.2M$3.3M$1.8M$34.0K$40.0K—
Pre-tax income $7.5M-$72.6M-$115.6M-$161.0M-$81.5M-$20.9M—
Income tax $2.5M$5.0K$7.0K$3.9M$1.0K$1.0K—
Net income $10.0M-$72.6M-$115.6M-$157.1M-$81.5M-$20.9M—
EPS, basic 0.26-2.71-4.51-6.42-0.72——
EPS, diluted 0.24-2.71-4.51-6.42-0.72-0.21—
Shares, diluted (wtd. avg.) 42.1M26.8M25.6M24.5M113.2M——

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Cash and equivalents $18.2M$31.2M$23.1M$35.2M$217.1M$33.7M$9.2M
Short-term investments $28.8M$8.9M$15.9M$79.3M———
Receivables $1.1M$134.0K$555.0K$1.9M$788.0K$1.1M—
Inventory $339.0K$71.0K$1.1M$3.6M$1.0M$707.0K—
Total current assets $52.6M$42.7M$45.1M$129.1M$228.3M$36.3M—
Property, plant and equipment $8.9M$4.2M$4.8M$7.6M$7.1M$1.4M—
Goodwill $14.7M$0—————
Other intangibles $10.4M—$0$19.1M———
Total assets $95.7M$56.3M$60.4M$167.6M$235.8M$38.1M—
Accounts payable $1.1M$435.0K$1.3M$3.6M$1.7M$972.0K—
Total current liabilities $5.7M$4.4M$8.5M$10.5M$6.2M$3.6M—
Total liabilities $21.0M$65.8M$19.5M$23.2M$21.9M$5.1M—
Retained earnings -$480.8M-$490.8M-$418.2M-$302.6M-$145.5M-$64.0M—
Total equity $74.7M-$9.5M$40.9M$144.4M$214.0M$32.9M$11.5M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Operating cash flow -$27.6M-$22.6M-$76.6M-$65.4M-$42.1M-$16.9M—
Depreciation and amortisation $974.0K$825.0K$1.6M$1.4M$531.0K$458.0K—
Stock-based compensation $4.4M$2.8M$12.0M$35.6M$43.1M$2.3M—
Capital expenditure $713.0K$265.0K$782.0K$1.5M$4.7M$950.0K—
Investing cash flow -$24.6M$6.9M$64.7M-$109.0M-$4.7M-$950.0K—
Financing cash flow $39.2M$23.8M-$82.0K-$7.5M$230.2M$42.3M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-092443.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -200M -150M -100M -50M 0 50M Revenue, FY2020: 8.8M Gross profit, FY2020: 3.2M Net income, FY2020: -20.9M Revenue, FY2021: 5.1M Gross profit, FY2021: 1.2M Net income, FY2021: -81.5M Revenue, FY2022: 14.6M Gross profit, FY2022: 3M Net income, FY2022: -157.1M Revenue, FY2023: 6.1M Gross profit, FY2023: 1.1M Net income, FY2023: -115.6M Revenue, FY2024: 7.8M Gross profit, FY2024: 4.3M Net income, FY2024: -72.6M Revenue, FY2025: 5.2M Gross profit, FY2025: 2.6M Net income, FY2025: 10M FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $8.8M $5.1M $14.6M $6.1M $7.8M $5.2M
Gross profit — $3.2M $1.2M $3.0M $1.1M $4.3M $2.6M
Net income — -$20.9M -$81.5M -$157.1M -$115.6M -$72.6M $10.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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