NASDAQ : PDYN
Palladyne AI Corp. — Financial statements
Technology · Software - Infrastructure · United States
Last price 3.68 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 181.57M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Palladyne AI Corp. (PDYN) reported revenue of 11.84M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 11.84M | 5.25M | 7.79M | 6.15M | 14.57M | 5.08M |
| Cost of Revenue | 8.44M | 2.69M | 3.49M | 5.04M | 11.61M | 3.87M |
| Gross Profit | 3.40M | 2.56M | 4.30M | 1.10M | 2.96M | 1.21M |
| Selling, General & Admin | 30.15M | 21.94M | 20.98M | 42.28M | 73.43M | 64.68M |
| Research & Development | 15.13M | 12.90M | 10.44M | 39.01M | 34.14M | 17.52M |
| Amortization of Goodwill & Intangibles | 829.00K | 118.00K | 2.82M | 2.18M | ||
| Operating Expenses | 46.12M | 34.96M | 31.41M | 84.11M | 109.76M | 82.20M |
| Operating Income | -42.71M | -32.40M | -27.11M | -83.01M | -106.80M | -80.99M |
| Interest Expense | -34.00K | |||||
| Interest & Investment Income | 1.58M | 1.94M | 1.24M | 3.29M | 1.83M | |
| Other Non Operating Income (Expenses) | 8.42M | 37.96M | -46.93M | 2.08M | 14.19M | -4.88M |
| EBT Excluding Unusual Items | -32.70M | 7.50M | -72.80M | -77.64M | -90.79M | -85.90M |
| Merger & Restructuring Charges | -37.95M | |||||
| Impairment of Goodwill | -70.24M | |||||
| Asset Writedown | 192.00K | |||||
| Other Unusual Items | 4.39M | |||||
| Pretax Income | -32.70M | 7.50M | -72.61M | -115.59M | -161.02M | -81.51M |
| Income Tax Expense | -2.54M | -2.54M | 5.00K | 7.00K | -3.89M | 1.00K |
| Net Income | -30.17M | 10.04M | -72.62M | -115.59M | -157.13M | -81.51M |
| Net Income to Common | -30.17M | 10.04M | -72.62M | -115.59M | -157.13M | -81.51M |
| Shares Outstanding (Basic) | 43.49M | 38.84M | 26.77M | 25.64M | 24.47M | 18.86M |
| Shares Outstanding (Diluted) | 43.49M | 42.13M | 26.77M | 25.64M | 24.47M | 18.86M |
| EPS (Basic) | -0.69 | 0.26 | -2.71 | -4.51 | -6.42 | -4.32 |
| EPS (Diluted) | -0.70 | 0.24 | -2.71 | -4.51 | -6.42 | -4.32 |
| Free Cash Flow | -36.70M | -28.35M | -22.89M | -77.40M | -66.89M | -46.79M |
| Free Cash Flow Per Share | -0.84 | -0.67 | -0.85 | -3.02 | -2.73 | -2.48 |
| Gross Margin | 28.74% | 48.72% | 55.20% | 17.98% | 20.28% | 23.80% |
| Operating Margin | -360.67% | -617.69% | -348.25% | -1,350.63% | -733.08% | -1,595.88% |
| Profit Margin | -254.75% | 191.37% | -932.66% | -1,880.78% | -1,078.52% | -1,606.07% |
| Free Cash Flow Margin | -309.96% | -540.41% | -294.01% | -1,259.39% | -459.12% | -921.99% |
| EBITDA | -40.58M | -31.31M | -26.29M | -78.64M | -104.49M | -80.46M |
| D&A For EBITDA | 2.13M | 1.09M | 825.00K | 4.38M | 2.31M | 531.00K |
| EBIT | -42.71M | -32.40M | -27.11M | -83.01M | -106.80M | -80.99M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 33.77M | 18.22M | 31.19M | 23.14M | 35.16M | 217.11M |
| Short-Term Investments | 9.97M | 28.84M | 8.88M | 15.95M | 79.34M | |
| Cash & Short-Term Investments | 43.75M | 47.05M | 40.07M | 39.09M | 114.50M | 217.11M |
| Receivables | 5.68M | 3.55M | 1.34M | 2.59M | 6.09M | 1.10M |
| Inventory | 940.00K | 339.00K | 71.00K | 1.06M | 3.56M | 1.01M |
| Prepaid Expenses | 1.67M | 1.62M | 1.25M | 1.29M | 3.76M | 4.96M |
| Other Current Assets | 1.03M | 1.19M | 4.15M | |||
| Total Current Assets | 52.04M | 52.56M | 42.73M | 45.06M | 129.10M | 228.33M |
| Property, Plant & Equipment | 17.50M | 17.53M | 13.09M | 14.93M | 18.92M | 7.05M |
| Goodwill | 14.73M | 14.73M | ||||
| Other Intangible Assets | 9.72M | 10.43M | 19.12M | |||
| Long-Term Accounts Receivable | 1.00K | 11.00K | 36.00K | |||
| Other Long-Term Assets | 409.00K | 460.00K | 438.00K | 428.00K | 476.00K | 405.00K |
| Total Assets | 94.39M | 95.71M | 56.25M | 60.43M | 167.62M | 235.82M |
| Accounts Payable | 1.20M | 1.06M | 435.00K | 1.29M | 3.62M | 1.68M |
| Accrued Expenses | 4.16M | 2.57M | 2.17M | 5.22M | 6.03M | 3.44M |
| Current Portion of Leases | 1.20M | 1.22M | 1.08M | 1.36M | 887.00K | |
| Current Unearned Revenue | 1.71M | 815.00K | 744.00K | 75.00K | ||
| Other Current Liabilities | 506.00K | 1.04M | ||||
| Total Current Liabilities | 8.26M | 5.67M | 4.43M | 8.46M | 10.53M | 6.16M |
| Long-Term Leases | 9.36M | 10.49M | 9.96M | 11.04M | 12.39M | 7.00K |
| Other Long-Term Liabilities | 5.93M | 4.88M | 51.40M | 29.00K | 253.00K | 15.69M |
| Total Liabilities | 23.55M | 21.04M | 65.79M | 19.52M | 23.18M | 21.86M |
| Common Stock | 5.00K | 5.00K | 3.00K | 3.00K | 3.00K | 14.00K |
| Additional Paid-In Capital | 576.56M | 555.45M | 481.29M | 459.11M | 447.08M | 359.44M |
| Retained Earnings | -505.73M | -480.79M | -490.83M | -418.21M | -302.62M | -145.49M |
| Comprehensive Income & Other | 11.00K | 6.00K | 3.00K | -17.00K | ||
| Total Common Equity | 70.84M | 74.67M | -9.53M | 40.91M | 144.45M | 213.96M |
| Shareholders' Equity | 70.84M | 74.67M | -9.53M | 40.91M | 144.45M | 213.96M |
| Total Liabilities & Equity | 94.39M | 95.71M | 56.25M | 60.43M | 167.62M | 235.82M |
| Total Debt | 10.56M | 11.71M | 11.04M | 12.40M | 13.28M | 7.00K |
| Net Cash (Debt) | 33.19M | 35.34M | 29.04M | 26.69M | 101.22M | 217.11M |
| Net Cash Per Share | 0.76 | 0.84 | 1.08 | 1.04 | 4.14 | 11.51 |
| Filing Date Shares Outstanding | 49.34M | 46.49M | 35.22M | 25.88M | 25.72M | 23.82M |
| Total Common Shares Outstanding | 49.14M | 46.12M | 33.88M | 25.88M | 25.71M | 22.95M |
| Working Capital | 43.78M | 46.89M | 38.30M | 36.61M | 118.57M | 222.17M |
| Book Value Per Share | 1.44 | 1.62 | -0.28 | 1.58 | 5.62 | 9.32 |
| Tangible Book Value | 46.39M | 49.51M | -9.53M | 40.91M | 125.33M | 213.96M |
| Tangible Book Value Per Share | 0.94 | 1.07 | -0.28 | 1.58 | 4.88 | 9.32 |
| Land | 1.88M | 1.83M | ||||
| Machinery | 6.27M | 5.05M | 3.33M | 4.59M | 5.16M | 2.90M |
| Construction In Progress | 157.00K | 682.00K | 872.00K | |||
| Leasehold Improvements | 4.19M | 4.12M | 3.93M | 4.46M | 4.44M | 3.89M |
| Order Backlog | 13.90M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -30.17M | 10.04M | -72.62M | -115.59M | -157.13M | -81.51M |
| Depreciation & Amortization | 2.13M | 1.09M | 825.00K | 4.38M | 2.31M | 531.00K |
| Other Amortization | 1.28M | |||||
| Asset Writedown & Restructuring Costs | 30.10M | 70.24M | ||||
| Loss (Gain) From Sale of Investments | -1.19M | -1.39M | -75.00K | -2.06M | -1.49M | |
| Stock-Based Compensation | 5.71M | 4.45M | 2.81M | 12.04M | 35.65M | 43.12M |
| Provision & Write-off of Bad Debts | 285.00K | |||||
| Other Operating Activities | -10.53M | -40.28M | 46.94M | -162.00K | -13.44M | 533.00K |
| Change in Accounts Receivable | -1.58M | 136.00K | 991.00K | 3.44M | -2.23M | 261.00K |
| Change in Inventory | -537.00K | 58.00K | 994.00K | -8.76M | -2.09M | -299.00K |
| Change in Accounts Payable | -581.00K | -708.00K | -819.00K | -2.33M | 1.54M | 244.00K |
| Change in Other Net Operating Assets | 1.51M | -1.03M | -1.95M | 2.32M | -19.00K | -4.98M |
| Operating Cash Flow | -35.20M | -27.64M | -22.63M | -76.62M | -65.39M | -42.10M |
| Capital Expenditures | -1.51M | -713.00K | -265.00K | -782.00K | -1.50M | -4.69M |
| Cash Acquisitions | -5.30M | -5.30M | -29.69M | |||
| Investment in Securities | 33.77M | -18.56M | 7.14M | 65.46M | -77.86M | |
| Investing Cash Flow | 27.06M | -24.58M | 6.88M | 64.68M | -109.05M | -4.69M |
| Long-Term Debt Issued | 2.00M | |||||
| Long-Term Debt Repaid | -3.72M | -3.00K | -4.00K | -95.00K | -89.00K | |
| Net Debt Issued (Repaid) | -3.83M | -3.72M | -3.00K | -4.00K | -95.00K | 1.91M |
| Issuance of Common Stock | 25.24M | 43.01M | 20.16M | 683.00K | 220.03M | |
| Repurchase of Common Stock | -105.00K | -78.00K | -8.11M | -284.00K | ||
| Other Financing Activities | 344.00K | -50.00K | 3.75M | 8.59M | ||
| Financing Cash Flow | 21.76M | 39.25M | 23.80M | -82.00K | -7.52M | 230.24M |
| Net Cash Flow | 13.63M | -12.97M | 8.05M | -12.02M | -181.96M | 183.45M |
| Free Cash Flow | -36.70M | -28.35M | -22.89M | -77.40M | -66.89M | -46.79M |
| Free Cash Flow Margin | -309.96% | -540.41% | -294.01% | -1,259.39% | -459.12% | -921.99% |
| Free Cash Flow Per Share | -0.84 | -0.67 | -0.85 | -3.02 | -2.73 | -2.48 |
| Levered Free Cash Flow | -21.37M | -17.18M | -14.01M | -30.17M | -28.91M | -16.29M |
| Unlevered Free Cash Flow | -21.37M | -17.18M | -14.01M | -30.17M | -28.91M | -16.27M |
| Cash Interest Paid | 111.00K | 6.00K | 11.00K | |||
| Cash Income Tax Paid | 2.00K | 2.00K | 10.00K | 7.00K | 2.00K | |
| Change in Working Capital | -1.19M | -1.55M | -785.00K | -5.33M | -2.80M | -4.78M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 164.79M | 190.46M | 414.64M | 18.65M | 86.80M | 1.37B |
| Enterprise Value | 131.60M | 143.51M | 404.70M | -23.77M | -48.58M | 1.14B |
| Last Close Price | 3.31 | 4.26 | 12.27 | 0.72 | 3.37 | 59.88 |
| PE Ratio | 18.97 | |||||
| PS Ratio | 13.62 | 36.31 | 53.25 | 3.03 | 5.96 | 270.57 |
| PB Ratio | 2.30 | 2.55 | -43.49 | 0.46 | 0.60 | 6.42 |
| P/TBV Ratio | 3.48 | 3.85 | 0.46 | 0.69 | 6.42 | |
| EV/Sales Ratio | 10.82 | 27.36 | 51.98 | 223.84 | ||
| Debt / Equity Ratio | 0.15 | 0.16 | -1.16 | 0.30 | 0.09 | 0.00 |
| Net Debt / Equity Ratio | -0.47 | -0.47 | 3.05 | -0.65 | -0.70 | -1.01 |
| Net Debt / EBITDA Ratio | 0.82 | 1.13 | 1.10 | 0.34 | 0.97 | 2.70 |
| Net Debt / FCF Ratio | 0.90 | 1.25 | 1.27 | 0.34 | 1.51 | 4.64 |
| Asset Turnover | 0.14 | 0.07 | 0.13 | 0.05 | 0.07 | 0.04 |
| Inventory Turnover | 16.61 | 13.12 | 6.14 | 2.18 | 5.08 | 4.51 |
| Quick Ratio | 5.98 | 8.93 | 9.34 | 4.93 | 11.45 | 35.42 |
| Current Ratio | 6.30 | 9.28 | 9.64 | 5.33 | 12.26 | 37.06 |
| Return on Equity (ROE) | -48.39% | 30.82% | -462.94% | -124.73% | -87.68% | -66.03% |
| Return on Assets (ROA) | -30.91% | -26.65% | -29.05% | -45.50% | -33.09% | -36.96% |
| Return on Capital Employed (ROCE) | -49.60% | -36.00% | -52.30% | -159.70% | -68.00% | -35.30% |
| Earnings Yield | -20.90% | 5.27% | -17.51% | -619.93% | -181.03% | -5.94% |
| FCF Yield | -22.75% | -14.89% | -5.52% | -415.11% | -77.06% | -3.41% |
| Buyback Yield / Dilution | -36.24% | -57.33% | -4.43% | -4.76% | -29.73% | -13.05% |