Palladyne AI Corp.

Listed Company

PDYNCIK 0001826681NasdaqEmerging GrowthServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$5.25M

Net Income

—

Total Assets

$95.71M

Equity

$74.67M

Shares Out

47.24M

Op. Cash Flow

$-27.64M

PDYN$4.88−61.54% · past yearDBEQ Basic

Daily closing prices

Business

Palladyne AI Corp. develops embodied artificial intelligence software and autonomy solutions for defense, industrial, and commercial markets. Core products include Palladyne IQ (for industrial robots and cobots), Palladyne SwarmOS/Pilot (for multi-UAV coordination), and BRAIN avionics flight computers, all built on a hardware-agnostic AI/ML foundational technology. The company also offers advanced UAV platforms (Gremlin-X and SwarmStrike), aerospace engineering services, and precision manufacturing capabilities through recently acquired subsidiaries. It serves U.S. defense contractors, government agencies, and commercial customers primarily in North America.

Summary from 10-K filed 2026-03-05

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue, net	5	8	6	15	5
Cost of revenue (exclusive of items shown separately below)	3	3	5	12	4
Research and development	13	10	39	34	18
General and administrative	17	17	31	63	58
Sales and marketing	5	4	11	10	7
Intangible amortization expense	100,000	0	3	2	0
Asset write-down and restructuring	0	−192,000	38	—	—
Goodwill impairment	0	0	—	70	—
Total operating expenses	38	35	127	192	86
Loss from operations	−32	−27	−121	−177	−81
Interest income, net	2	1	3	2	−34,000
Gain (loss) on warrant liabilities	38	−47	162,000	13	−5
Other income, net	221,000	2,000	2	743,000	51,000
Income (loss) before income tax expense	8	−73	−116	−161	−82
Income tax benefit (expense)	3	−5,000	−7,000	4	−1,000
Net income (loss)	10	−73	−116	−157	−82
Basic net income (loss) per share	0.26	−2.71	−4.51	−6.42	−0.72
Diluted net income (loss) per share	0.24	−2.71	−4.51	−6.42	−0.72
Weighted average shares outstanding, Basic	39	27	26	24	113
Weighted average shares outstanding, Diluted	42	27	26	24	113

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	18	31	23	35	217
Marketable securities	29	9	16	79	—
Accounts receivable, net of allowance for credit losses of $0.0 million and $0.3 million at December 31, 2025 and 2024, respectively	1	134,000	555,000	2	788,000
Unbilled receivables	2	1	2	4	221,000
Inventories	339,000	71,000	1	4	1
Prepaid expenses and other current assets	2	1	2	5	9
Total current assets	53	43	45	129	228
Property and equipment, net	9	4	5	8	7
Intangible assets, net	10	—	—	19	—
Goodwill	15	0	—	—	—
Operating lease assets	9	9	10	11	—
Other non-current assets	460,000	438,000	429,000	487,000	441,000
Total assets	96	56	60	168	236
Accounts payable	1	435,000	1	4	2
Accrued liabilities	4	3	6	6	4
Current operating lease liabilities	1	1	1	887,000	—
Total current liabilities	6	4	8	11	6
Warrant liabilities	3	51	29,000	—	—
Operating lease liabilities	10	10	11	12	—
Other non-current liabilities	3	0	29,000	256,000	16
Total liabilities	21	66	20	23	22
Commitments and contingencies (Note 13)	—	—	—	—	—
Common stock, $0.0001 par value, 165,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 46,117,164 and 33,883,894 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	5,000	3,000	3,000	3,000	14,000
Additional paid-in capital	555	481	459	447	359
Accumulated other comprehensive income	11,000	6,000	3,000	−17,000	—
Accumulated deficit	−481	−491	−418	−303	−145
Total stockholders' equity (deficit)	75	−10	41	144	214
Total liabilities and stockholders' equity (deficit)	96	56	60	168	236

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Income (Loss)	10	−73	−116	−157	−82
Stock-based compensation	4	3	12	36	43
Depreciation of property and equipment	1	800,000	2	1	500,000
Change in fair value of warrant liabilities	−38	47	−162,000	−13	5
Allowance for credit losses	0	285,000	0	—	—
Amortization of investment discount	−1	−75,000	−2	−1	—
Deferred income tax benefit	−3	0	—	—	—
Accounts receivable	1	136,000	1	−257,000	263,000
Unbilled receivable	−960,000	855,000	2	−2	−2,000
Inventories	58,000	994,000	−9	−2	−299,000
Prepaid expenses and other current assets	−132,000	1	2	4	−8
Operating lease assets & other non-current assets	1	1	1	—	—
Accounts payable	−708,000	−819,000	−2	2	244,000
Accrued liabilities and current operating lease liabilities	−904,000	−3	253,000	—	—
Operating lease liabilities	−1	−1	−1	—	—
Net cash used in operating activities	−28	−23	−77	−65	−42
Purchases of property and equipment	−713,000	−265,000	−782,000	−1	−5
Acquisition of a business, net of cash acquired	−5	0	—	−30	—
Purchases of marketable securities	−76	−9	−65	−178	—
Maturities of marketable securities	57	16	130	100	—
Net cash (used in) provided by investing activities	−25	7	65	−109	−5
Proceeds from exercise of stock options	74,000	130,000	0	683,000	26,000
Proceeds from issuance of common stock under ESPP	148,000	0	—	—	—
Proceeds from the exercise of warrants	6	0	—	—	—
Shares repurchased for payment of tax withholdings	0	−105,000	−78,000	−8	−284,000
Payment of obligations under finance leases	−20,000	−3,000	—	—	—
Payment of debt obligations	−4	0	—	—	—
Proceeds from the issuance of warrants	0	4	0	—	—
Proceeds from issuance of common stock	36	20	0	—	—
Payment of transaction costs related to issuance of common stock	−50,000	−682,000	0	—	—
Net cash provided by financing activities	39	24	−82,000	−8	230
Net (decrease) increase in cash and cash equivalents	−13	8	−12	−182	183
Cash paid for income taxes	2,000	10,000	7,000	—	2,000
Purchases of property and equipment financed through notes payable	113,000	0	—	—	—
Common stock issued in connection with a business acquisition	16	0	—	—	—
Warrant liabilities reclassified to equity upon exercise	11	0	—	—	—

Filings

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Frequently asked questions

What is Palladyne AI Corp.'s CIK number?

Palladyne AI Corp.'s SEC CIK number is 0001826681 (1826681). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Palladyne AI Corp.'s SEC filings?

All of Palladyne AI Corp.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Palladyne AI Corp. last report earnings?

Palladyne AI Corp. (PDYN) most recently filed an earnings 8-K with the SEC on Jul 8, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-297985). This is Palladyne AI Corp.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Palladyne AI Corp.'s most recent earnings 8-K?

Palladyne AI Corp.'s latest earnings 8-K (Item 2.02) was filed Jul 8, 2026 under accession 0001193125-26-297985. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Palladyne AI Corp.'s latest earnings 8-K →
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