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Palladyne AI Corp.(PDYN)Earnings, Financials & Key Ratios
PDYN•NASDAQ
29.2× P/E·Price updated Jun 19, 2026
AboutPalladyne AI Corp., a software company, focuses on delivering software that enhances the utility and functionality of third-party stationary and mobile robotic systems in the United States. Its Artificial Intelligence (AI)/ Machine Learning (ML) Foundational Technology enables robots to observe, learn, reason, and act in structured and unstructured environments. In addition, the company's technologies enable robotic systems to perceive their environment and quickly adapt to changing circumstances by generalizing from their experience using dynamic real-time operations without extensive programming, training, or the latency associated with processing in the cloud. Further, it offers Palladyne IQ used with industrial robots and cobots, enabling them to learn multiple tasks and handle disruptions or obstacles; and develops Palladyne Pilot for use with unmanned platform, such as Class 1 UAVs to enable persistent detection, identification, tracking, and classification of objects of interest by sharing situational awareness information across multiple drones that is derived by fusing multi-modal sensor data. It serves industrial manufacturing, defense, infrastructure maintenance, repair and surveillance, energy, and aerospace and aviation industries. The company was formerly known as Sarcos Technology and Robotics Corporation and changed its name to Palladyne AI Corp. in March 2024. Palladyne AI Corp. is headquartered in Salt Lake City, Utah.Show more
- Revenue$5M-32.6%
- EBITDA-$31M-20.0%
- Net Income$10M+113.8%
- EPS (Diluted)0.24+108.7%
- Gross Margin48.72%-11.7%
- EBITDA Margin-596.87%-78.1%
- Operating Margin-617.69%-78.6%
- Net Margin191.36%+120.5%
- ROE30.82%+106.7%
PDYN Key Insights
Palladyne AI Corp. (PDYN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Sales declining 9.9% over 5 years
- ✗Shares diluted 57.3% in last year
- ✗Trading more than 30% below 52-week high
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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PDYN Price & Volume
Palladyne AI Corp. (PDYN) stock price & volume — 10-year historical chart
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PDYN Growth Metrics
Palladyne AI Corp. (PDYN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-9.86%
3 Years-28.86%
TTM16.83%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM40.59%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM68.8%
Return on Capital
10 Years-71.17%
5 Years-73.23%
3 Years-71.09%
Last Year-45.68%
PDYN Recent Earnings
Palladyne AI Corp. (PDYN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.28-69.7%
$0.17
Rev
$4M-28.2%
$5M
Q2 2026
Mar 5, 2026Metric
Actual
Est
EPS
$0.16-77.8%
$0.09
Rev
$2M+105.3%
$809,000
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.09+50.0%
$0.18
Rev
$860,000+6.3%
$809,000
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.20+0.0%
$0.20
Rev
$1M-12.0%
$1M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.28vs $0.17-69.7% | $4Mvs $5M-28.2% |
| Q2 2026 | Mar 5, 2026 | $0.16vs $0.09-77.8% | $2Mvs $809,000+105.3% |
| Q4 2025 | Nov 12, 2025 | $0.09vs $0.18+50.0% | $860,000vs $809,000+6.3% |
| Q3 2025 | Aug 6, 2025 | $0.20vs $0.20+0.0% | $1Mvs $1M-12.0% |
Based on last 12 quarters of dataView full earnings history →
PDYN Peer Comparison
Palladyne AI Corp. (PDYN) competitors in Developer tools and automation — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 KTOS | 10.17B | 54.21 | 417 | 18.52% | 2.08% | 1.26% | 0.09 | |
 AIOT | 534.04M | 3.98 | -26.53 | 22.42% | -4.63% | -4.34% | 0.62 | |
 BBAI | 18.54B | 3.92 | -4.78 | -19.32% | -226.69% | -50.67% | 0.04 | |
 AEYE | 78.83M | 6.31 | -25.24 | 14.52% | -9.05% | -70.95% | 2.75 | |
 ISRG | 144.48B | 406.78 | 51.69 | 20.51% | 28.15% | 16.89% | 0.02 | |
 LDOS | 13.47B | 107.07 | 9.62 | 3.07% | 7.77% | 27.1% | 1.19 | |
 SAIC | 4.33B | 102.39 | 13.30 | -2.9% | 5.55% | 27.22% | 1.80 | |
 CACI | 10.3B | 466.42 | 20.90 | 12.64% | 5.86% | 13.15% | 0.86 |
Compare PDYN vs Peers
Palladyne AI Corp. (PDYN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
PDYN Income Statement
Palladyne AI Corp. (PDYN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Sales/Revenue | 8.81M | 5.08M | 14.57M | 6.15M | 7.79M | 5.25M | 7.07M |
Revenue Growth % | - | -42.41% | 187.07% | -57.81% | 26.68% | -32.62% | 16.83% |
Cost of Goods Sold | 5.6M | 3.87M | 11.61M | 5.04M | 3.49M | 2.69M | 4.81M |
COGS % of Revenue | 63.57% | 76.2% | 79.72% | 82.02% | 44.8% | 51.28% | - |
Gross Profit | 3.21M▲ 0% | 1.21M▼ 62.4% | 2.96M▲ 144.6% | 1.1M▼ 62.6% | 4.3M▲ 289.0% | 2.56M▼ 40.5% | 2.26M▲ 0% |
Gross Margin % | 36.43% | 23.8% | 20.28% | 17.98% | 55.2% | 48.72% | 32% |
Gross Profit Growth % | - | -62.38% | 144.62% | -62.61% | 288.96% | -40.53% | - |
Operating Expenses | 24.21M | 82.2M | 179.99M | 122.06M | 31.22M | 34.96M | 39.66M |
OpEx % of Revenue | 274.71% | 1619.68% | 1235.45% | 1986.02% | 400.99% | 666.41% | - |
Selling, General & Admin | 10.09M | 64.68M | 73.43M | 42.28M | 20.98M | 21.94M | 25.25M |
SG&A % of Revenue | 114.52% | 1274.54% | 504.01% | 687.96% | 269.41% | 418.28% | - |
Research & Development | 14.12M | 17.52M | 34.14M | 39.01M | 10.44M | 12.9M | 13.93M |
R&D % of Revenue | 160.18% | 345.14% | 234.36% | 634.75% | 134.05% | 245.88% | - |
Other Operating Expenses | 0 | 0 | 72.42M | 40.77M | -192K | 118K | 473K |
Operating Income | -21M▲ 0% | -80.99M▼ 285.7% | -177.04M▼ 118.6% | -120.96M▲ 31.7% | -26.92M▲ 77.7% | -32.4M▼ 20.4% | -37.39M▲ 0% |
Operating Margin % | -238.27% | -1595.88% | -1215.17% | -1968.04% | -345.79% | -617.69% | -528.58% |
Operating Income Growth % | - | -285.69% | -118.59% | 31.68% | 77.74% | -20.36% | - |
EBITDA | -20.54M | -80.46M | -173.44M | -116.58M | -26.1M | -31.31M | -35.81M |
EBITDA Margin % | -233.08% | -1585.42% | -1190.51% | -1896.86% | -335.19% | -596.87% | -506.22% |
EBITDA Growth % | - | -291.7% | -115.57% | 32.78% | 77.61% | -19.98% | -39.59% |
D&A (Non-Cash Add-back) | 458K | 531K | 3.59M | 4.38M | 825K | 1.09M | 1.58M |
EBIT | -21M | -80.99M | -106.8M | -83.01M | -27.11M | -32.29M | -33.07M |
Net Interest Income | 40K | -34K | 1.83M | 3.29M | 1.24M | 1.94M | 1.26M |
Interest Income | 40K | 0 | 1.83M | 3.29M | 1.24M | 1.94M | 1.26M |
Interest Expense | 0 | 34K | 0 | 0 | 0 | 0 | 0 |
Other Income/Expense | 74K | -516K | 16.02M | 5.37M | -45.69M | 39.91M | 9.53M |
Pretax Income | -20.93M▲ 0% | -81.51M▼ 289.5% | -161.02M▼ 97.6% | -115.59M▲ 28.2% | -72.61M▲ 37.2% | 7.5M▲ 110.3% | -27.87M▲ 0% |
Pretax Margin % | -237.43% | -1606.05% | -1105.24% | -1880.67% | -932.6% | 142.99% | -393.92% |
Income Tax | 1K | 1K | -3.89M | 7K | 5K | -2.54M | -2.54M |
Effective Tax Rate % | -0% | -0% | 2.42% | -0.01% | -0.01% | -33.84% | 9.11% |
Net Income | -20.93M▲ 0% | -81.51M▼ 289.5% | -157.13M▼ 92.8% | -115.59M▲ 26.4% | -72.62M▲ 37.2% | 10.04M▲ 113.8% | -25.33M▲ 0% |
Net Margin % | -237.44% | -1606.07% | -1078.52% | -1880.78% | -932.66% | 191.36% | -358.04% |
Net Income Growth % | - | -289.51% | -92.78% | 26.43% | 37.18% | 113.82% | 40.59% |
Net Income (Continuing) | -20.93M | -81.51M | -157.13M | -115.59M | -72.62M | 10.04M | -25.33M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | -3K | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -1.21▲ 0% | -4.32▼ 257.0% | -6.42▼ 48.6% | -4.51▲ 29.8% | -2.77▲ 38.6% | 0.24▲ 108.7% | -0.56▲ 0% |
EPS Growth % | - | -257.02% | -48.61% | 29.75% | 38.58% | 108.66% | 68.8% |
EPS (Basic) | -1.21 | -4.32 | -6.42 | -4.51 | -2.77 | 0.26 | - |
Diluted Shares Outstanding | 17.34M | 18.86M | 24.47M | 25.64M | 26.77M | 42.13M | 45.07M |
Basic Shares Outstanding | 17.34M | 18.86M | 24.47M | 25.64M | 26.77M | 38.84M | 45.07M |
Dividend Payout Ratio | - | - | - | - | - | - | - |
PDYN Balance Sheet
Palladyne AI Corp. (PDYN) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Total Current Assets | 36.33M | 228.33M | 129.1M | 45.06M | 42.73M | 52.56M | 50.35M |
Cash & Short-Term Investments | 33.66M | 217.11M | 114.5M | 39.09M | 40.07M | 47.05M | 43.68M |
Cash Only | 33.66M | 217.11M | 35.16M | 23.14M | 31.19M | 18.22M | 17.85M |
Short-Term Investments | 0 | 0 | 79.34M | 15.95M | 8.88M | 28.84M | 25.82M |
Accounts Receivable | 1.27M | 1.01M | 6.03M | 2.59M | 1.31M | 3.51M | 4.21M |
Days Sales Outstanding | 52.6 | 72.57 | 150.97 | 153.76 | 61.55 | 244.21 | 149.62 |
Inventory | 707K | 1.01M | 3.56M | 1.06M | 71K | 339K | 989K |
Days Inventory Outstanding | 46.06 | 94.95 | 111.95 | 77.11 | 7.43 | 46 | 28.08 |
Other Current Assets | 380K | 101K | 1.59M | 1.45M | 908K | 1.65M | 1.47M |
Total Non-Current Assets | 1.72M | 7.49M | 38.53M | 15.36M | 13.52M | 43.16M | 42.2M |
Property, Plant & Equipment | 1.43M | 7.05M | 18.92M | 14.93M | 13.09M | 17.53M | 16.96M |
Fixed Asset Turnover | 6.18x | 0.72x | 0.77x | 0.41x | 0.60x | 0.30x | 0.48x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 14.73M | 14.73M |
Intangible Assets | 0 | 0 | 19.12M | 0 | 0 | 10.43M | 10.07M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 292K | 441K | 487K | 429K | 438K | 460K | 434K |
Total Assets | 38.05M▲ 0% | 235.82M▲ 519.8% | 167.63M▼ 28.9% | 60.43M▼ 64.0% | 56.25M▼ 6.9% | 95.71M▲ 70.1% | 92.55M▲ 0% |
Asset Turnover | 0.23x | 0.02x | 0.09x | 0.10x | 0.14x | 0.05x | 0.08x |
Asset Growth % | - | 519.76% | -28.92% | -63.95% | -6.91% | 70.15% | 278.2% |
Total Current Liabilities | 3.56M | 6.16M | 10.53M | 8.46M | 4.43M | 5.67M | 6.42M |
Accounts Payable | 972K | 1.68M | 3.62M | 1.29M | 435K | 1.06M | 1.06M |
Days Payables Outstanding | 63.33 | 158.67 | 113.77 | 93.48 | 45.52 | 143.56 | 56.89 |
Short-Term Debt | 1.33M | 0 | 0 | 0 | 0 | 1.06M | 1.08M |
Deferred Revenue (Current) | 0 | 0 | 0 | 75K | 744K | 0 | 496K |
Other Current Liabilities | 196K | 1.97M | 0 | 0 | 0 | 3.55M | 4.27M |
Current Ratio | 10.22x | 37.06x | 12.26x | 5.33x | 9.64x | 9.28x | 7.85x |
Quick Ratio | 10.02x | 36.90x | 11.92x | 5.20x | 9.62x | 9.22x | 7.69x |
Cash Conversion Cycle | 35.33 | 8.86 | 149.15 | 137.39 | 23.46 | 146.66 | 120.8 |
Total Non-Current Liabilities | 1.59M | 15.7M | 12.64M | 11.06M | 61.35M | 15.37M | 16.22M |
Long-Term Debt | 1.07M | 0 | 0 | 0 | 0 | 0 | 9.45M |
Capital Lease Obligations | 240K | 7K | 12.39M | 11.04M | 9.96M | 9.72M | 28.41M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 286K | 15.69M | 253K | 29K | 51.4M | 5.65M | 6.77M |
Total Liabilities | 5.15M | 21.86M | 23.18M | 19.52M | 65.79M | 21.04M | 22.64M |
Total Debt | 2.63M | 7K | 13.28M | 12.4M | 11.04M | 10.78M | 10.53M |
Net Debt | -31.03M | -217.11M | -21.88M | -10.74M | -20.15M | -7.44M | -7.32M |
Debt / Equity | 0.08x | 0.00x | 0.09x | 0.30x | - | 0.14x | 0.15x |
Debt / EBITDA | - | - | - | - | - | - | -0.29x |
Net Debt / EBITDA | - | - | - | - | - | - | 0.20x |
Interest Coverage | - | -2382.09x | - | - | - | - | - |
Total Equity | 32.9M▲ 0% | 213.96M▲ 550.3% | 144.45M▼ 32.5% | 40.91M▼ 71.7% | -9.53M▼ 123.3% | 74.67M▲ 883.3% | 69.92M▲ 0% |
Equity Growth % | - | 550.26% | -32.49% | -71.68% | -123.31% | 883.33% | 1232.33% |
Book Value per Share | 1.90 | 11.34 | 5.90 | 1.60 | -0.36 | 1.77 | 1.55 |
Total Shareholders' Equity | 32.91M | 213.96M | 144.45M | 40.91M | -9.53M | 74.67M | 69.92M |
Common Stock | 10K | 14K | 3K | 3K | 3K | 5K | 5K |
Retained Earnings | -63.98M | -145.49M | -302.62M | -418.21M | -490.83M | -480.79M | -493.4M |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 0 | -17K | 3K | 6K | 11K | -1K |
Minority Interest | -3K | 0 | 0 | 0 | 0 | 0 | 0 |
PDYN Cash Flow Statement
Palladyne AI Corp. (PDYN) cash flow — operating, investing & free cash flow history
| Metric | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|
Cash from Operations | -16.88M | -42.1M | -65.39M | -76.62M | -22.63M | -27.64M | -30.36M |
Operating CF Margin % | -191.56% | -829.62% | -448.84% | -1246.66% | -290.61% | -526.82% | - |
Operating CF Growth % | - | -149.4% | -55.31% | -17.17% | 70.47% | -22.14% | -134.84% |
Net Income | -20.93M | -81.51M | -157.13M | -115.59M | -72.62M | 10.04M | -25.33M |
Depreciation & Amortization | 458K | 531K | 3.59M | 4.38M | 825K | 1.09M | 948K |
Stock-Based Compensation | 2.29M | 43.12M | 35.65M | 12.04M | 2.81M | 4.45M | 2.24M |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -2.54M | -2.54M |
Other Non-Cash Items | 0 | 533K | 55.3M | 27.88M | 47.15M | -39.13M | -18.35M |
Working Capital Changes | 1.29M | -4.78M | -2.8M | -5.33M | -785K | -1.55M | 60K |
Change in Receivables | 514K | 261K | -2.23M | 3.44M | 991K | 136K | 53K |
Change in Inventory | 441K | -299K | -2.09M | -8.76M | 994K | 58K | -590K |
Change in Payables | -320K | 244K | 1.54M | -2.33M | -819K | -708K | -629K |
Cash from Investing | -950K | -4.89M | -109.05M | 64.68M | 6.88M | -24.58M | 6.28M |
Capital Expenditures | -950K | -4.69M | -1.5M | -782K | -265K | -713K | -647K |
CapEx % of Revenue | 10.78% | 92.37% | 10.28% | 12.72% | 3.4% | 13.59% | 9.15% |
Acquisitions | 0 | -200K | -29.69M | 0 | 0 | -5.3M | -5.2M |
Investments | - | - | - | - | - | - | - |
Other Investing | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Financing | 42.3M | 230.44M | -7.52M | -82K | 23.8M | 39.25M | 31.87M |
Debt Issued (Net) | 2.31M | 1.91M | -95K | -4K | -3K | -3.72M | -3.78M |
Equity Issued (Net) | 39.99M | 228.81M | -8.11M | -78K | 19.92M | 43.01M | 29.1M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | -8.11M | -78K | -105K | 0 | 0 |
Other Financing | 0 | -284K | 683K | 0 | 3.88M | -50K | 6.55M |
Net Change in Cash | 33.66M▲ 0% | 183.45M▲ 444.9% | -181.96M▼ 199.2% | -12.02M▲ 93.4% | 8.05M▲ 167.0% | -12.97M▼ 261.1% | 7.79M▲ 0% |
Free Cash Flow | -17.83M▲ 0% | -46.79M▼ 162.4% | -66.89M▼ 43.0% | -77.4M▼ 15.7% | -22.89M▲ 70.4% | -28.35M▼ 23.8% | -31.01M▲ 0% |
FCF Margin % | -202.34% | -921.99% | -459.12% | -1259.39% | -294.01% | -540.41% | -438.32% |
FCF Growth % | - | -162.4% | -42.95% | -15.72% | 70.42% | -23.84% | -33.63% |
FCF per Share | -1.03 | -2.48 | -2.73 | -3.02 | -0.85 | -0.67 | -0.69 |
FCF Conversion (FCF/Net Income) | 0.81x | 0.52x | 0.42x | 0.66x | 0.31x | -2.75x | 1.22x |
Interest Paid | 0 | 0 | 6K | 0 | 0 | 0 | 0 |
Taxes Paid | 0 | 0 | 0 | 7K | 10K | 0 | 0 |
PDYN Key Ratios
Palladyne AI Corp. (PDYN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|
Return on Equity (ROE) | -66.03% | -87.68% | -124.73% | -462.94% | 30.82% | -40.48% |
Return on Invested Capital (ROIC) | - | -222.37% | -118.79% | -8466.35% | -129.43% | -53.77% |
Gross Margin | 23.8% | 20.28% | 17.98% | 55.2% | 48.72% | 32% |
Net Margin | -1606.07% | -1078.52% | -1880.78% | -932.66% | 191.36% | -358.04% |
Debt / Equity | 0.00x | 0.09x | 0.30x | - | 0.14x | 0.15x |
Interest Coverage | -2382.09x | - | - | - | - | - |
FCF Conversion | 0.52x | 0.42x | 0.66x | 0.31x | -2.75x | 1.22x |
Revenue Growth | -42.41% | 187.07% | -57.81% | 26.68% | -32.62% | 16.83% |
Related:PDYN Dividend History·PDYN Revenue History·PDYN Price History·PDYN P/E History·PDYN Financial Ratios·PDYN Institutional Holders
PDYN SEC Filings & Documents
Palladyne AI Corp. (PDYN) SEC filings — annual & quarterly reports (10-K, 10-Q)
PDYN Frequently Asked Questions
Palladyne AI Corp. (PDYN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Palladyne AI Corp. (PDYN) reported $7.1M in revenue for fiscal year 2025. This represents a 20% decrease from $8.8M in 2020.
Palladyne AI Corp. (PDYN) saw revenue decline by 32.6% over the past year.
Palladyne AI Corp. (PDYN) reported a net loss of $25.3M for fiscal year 2025.
Dividend & Returns
Palladyne AI Corp. (PDYN) has a return on equity (ROE) of 30.8%. This is excellent, indicating efficient use of shareholder capital.
Palladyne AI Corp. (PDYN) had negative free cash flow of $31.0M in fiscal year 2025, likely due to heavy capital investments.