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PDYN logoPalladyne AI Corp.(PDYN)Earnings, Financials & Key Ratios

PDYN•NASDAQ
$6.14
$239M mkt cap·25.6× P/E·Price updated May 6, 2026
SectorTechnologyIndustryInfrastructure SoftwareSub-IndustryDeveloper tools and automation
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%
  • ROIC-129.43%+98.5%
  • Debt/Equity0.14
Technical→

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.

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

Full history →
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 5, 2026
EPS
$0.23
Est $0.17
-39.4%
Revenue
$4M
Est $5M
-28.2%
Q2 2026
Mar 5, 2026
EPS
$0.16
Est $0.09
-77.8%
Revenue
$2M
Est $809,000
+105.3%
Q4 2025
Nov 12, 2025
EPS
$0.09
Est $0.18
+50.0%
Revenue
$860,000
Est $809,000
+6.3%
Q3 2025
Aug 6, 2025
EPS
$0.20
Est $0.20
+0.0%
Revenue
$1M
Est $1M
-12.0%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 5, 2026
$0.23vs $0.17-39.4%
$4Mvs $5M-28.2%
Q2 2026Mar 5, 2026
$0.16vs $0.09-77.8%
$2Mvs $809,000+105.3%
Q4 2025Nov 12, 2025
$0.09vs $0.18+50.0%
$860,000vs $809,000+6.3%
Q3 2025Aug 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

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
KTOS logoKTOSKratos Defense & Security Solutions, Inc.Direct Competitor10.02B59.31456.2318.52%1.63%1.1%0.09
AIOT logoAIOTPowerFleet, Inc.Direct Competitor453.23M3.33-7.74-7.4%-6.64%0.64
BBAI logoBBAIBigBear.ai Holdings, Inc.Direct Competitor19.58B4.14-5.05-19.32%-226.69%-50.67%0.04
AEYE logoAEYEAudioEye, Inc.Direct Competitor93.6M7.54-30.1614.52%-7.63%-47.8%0.15
ISRG logoISRGIntuitive Surgical, Inc.Direct Competitor160.32B451.3857.3520.51%28.15%16.89%1.55%0.02
LDOS logoLDOSLeidos Holdings, Inc.Product Competitor17.34B137.1912.333.07%8.2%28.87%9.37%1.19
SAIC logoSAICScience Applications International CorporationProduct Competitor4.3B95.5912.41-2.9%4.93%23.73%13.41%0.14
CACI logoCACICACI International IncProduct Competitor10.91B494.0422.1312.64%5.86%13.15%4.41%0.86

Compare PDYN vs Peers

Palladyne AI Corp. (PDYN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs KTOS

Most directly comparable listed peer for PDYN.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare PDYN against a more recognizable public peer.

Peer Set

Compare Top 5

vs KTOS, AIOT, BBAI, AEYE

PDYN Income Statement

Palladyne AI Corp. (PDYN) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue8.81M5.08M14.57M6.15M7.79M5.25M7.07M
Revenue Growth %--42.41%187.07%-57.81%26.68%-32.62%16.83%
Cost of Goods Sold5.6M3.87M11.61M5.04M3.49M2.69M4.81M
COGS % of Revenue63.57%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 Expenses24.21M82.2M179.99M122.06M31.22M34.96M39.66M
OpEx % of Revenue274.71%1619.68%1235.45%1986.02%400.99%666.41%-
Selling, General & Admin10.09M64.68M73.43M42.28M20.98M21.94M25.25M
SG&A % of Revenue114.52%1274.54%504.01%687.96%269.41%418.28%-
Research & Development14.12M17.52M34.14M39.01M10.44M12.9M13.93M
R&D % of Revenue160.18%345.14%234.36%634.75%134.05%245.88%-
Other Operating Expenses0072.42M40.77M-192K118K473K
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-36.52M
EBITDA Margin %-233.08%-1585.42%-1190.51%-1896.86%-335.19%-596.87%-516.3%
EBITDA Growth %--291.7%-115.57%32.78%77.61%-19.98%-42.37%
D&A (Non-Cash Add-back)458K531K3.59M4.38M825K1.09M869K
EBIT-21M-80.99M-106.8M-83.01M-27.11M-32.29M-21.15M
Net Interest Income40K-34K1.83M3.29M1.24M1.94M937K
Interest Income40K01.83M3.29M1.24M1.94M937K
Interest Expense034K00000
Other Income/Expense74K-516K16.02M5.37M-45.69M39.91M9.53M
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 Tax1K1K-3.89M7K5K-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-72.62M10.04M-25.33M
Discontinued Operations0000000
Minority Interest-3K000000
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)-1.21-4.32-6.42-4.51-2.770.26-
Diluted Shares Outstanding17.34M18.86M24.47M25.64M26.77M42.13M45.07M
Basic Shares Outstanding17.34M18.86M24.47M25.64M26.77M38.84M45.07M
Dividend Payout Ratio-------

PDYN Balance Sheet

Palladyne AI Corp. (PDYN) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets36.33M228.33M129.1M45.06M42.73M52.56M50.35M
Cash & Short-Term Investments33.66M217.11M114.5M39.09M40.07M47.05M43.68M
Cash Only33.66M217.11M35.16M23.14M31.19M18.22M17.85M
Short-Term Investments0079.34M15.95M8.88M28.84M25.82M
Accounts Receivable1.27M1.01M6.03M2.59M1.31M3.51M4.21M
Days Sales Outstanding52.672.57150.97153.7661.55244.21149.62
Inventory707K1.01M3.56M1.06M71K339K989K
Days Inventory Outstanding46.0694.95111.9577.117.434628.08
Other Current Assets380K101K1.59M1.45M908K1.65M1.47M
Total Non-Current Assets1.72M7.49M38.53M15.36M13.52M43.16M42.2M
Property, Plant & Equipment1.43M7.05M18.92M14.93M13.09M17.53M16.96M
Fixed Asset Turnover6.18x0.72x0.77x0.41x0.60x0.30x0.48x
Goodwill0000014.73M14.73M
Intangible Assets0019.12M0010.43M10.07M
Long-Term Investments0000000
Other Non-Current Assets292K441K487K429K438K460K1.59M
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 Turnover0.23x0.02x0.09x0.10x0.14x0.05x0.08x
Asset Growth %-519.76%-28.92%-63.95%-6.91%70.15%278.2%
Total Current Liabilities3.56M6.16M10.53M8.46M4.43M5.67M6.42M
Accounts Payable972K1.68M3.62M1.29M435K1.06M1.06M
Days Payables Outstanding63.33158.67113.7793.4845.52143.5656.89
Short-Term Debt1.33M00001.06M1.08M
Deferred Revenue (Current)00075K744K0496K
Other Current Liabilities196K1.97M0003.55M5.33M
Current Ratio10.22x37.06x12.26x5.33x9.64x9.28x9.28x
Quick Ratio10.02x36.90x11.92x5.20x9.62x9.22x9.22x
Cash Conversion Cycle35.338.86149.15137.3923.46146.66120.8
Total Non-Current Liabilities1.59M15.7M12.64M11.06M61.35M15.37M16.22M
Long-Term Debt1.07M000009.45M
Capital Lease Obligations240K7K12.39M11.04M9.96M9.72M28.41M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities286K15.69M253K29K51.4M5.65M30.98M
Total Liabilities5.15M21.86M23.18M19.52M65.79M21.04M22.64M
Total Debt2.63M7K13.28M12.4M11.04M10.78M10.53M
Net Debt-31.03M-217.11M-21.88M-10.74M-20.15M-7.44M-7.32M
Debt / Equity0.08x0.00x0.09x0.30x-0.14x0.14x
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 Share1.9011.345.901.60-0.361.771.55
Total Shareholders' Equity32.91M213.96M144.45M40.91M-9.53M74.67M69.92M
Common Stock10K14K3K3K3K5K5K
Retained Earnings-63.98M-145.49M-302.62M-418.21M-490.83M-480.79M-493.4M
Treasury Stock0000000
Accumulated OCI00-17K3K6K11K-1K
Minority Interest-3K000000

PDYN Cash Flow Statement

Palladyne AI Corp. (PDYN) cash flow — operating, investing & free cash flow history

Line itemDec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations-16.88M-42.1M-65.39M-76.62M-22.63M-27.64M-27.64M
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-72.62M10.04M-25.33M
Depreciation & Amortization458K531K3.59M4.38M825K1.09M1.66M
Stock-Based Compensation2.29M43.12M35.65M12.04M2.81M4.45M3.48M
Deferred Taxes00000-2.54M-2.54M
Other Non-Cash Items0533K55.3M27.88M47.15M-39.13M-8.23M
Working Capital Changes1.29M-4.78M-2.8M-5.33M-785K-1.55M596K
Change in Receivables514K261K-2.23M3.44M991K136K216K
Change in Inventory441K-299K-2.09M-8.76M994K58K-590K
Change in Payables-320K244K1.54M-2.33M-819K-708K-629K
Cash from Investing-950K-4.89M-109.05M64.68M6.88M-24.58M6.28M
Capital Expenditures-950K-4.69M-1.5M-782K-265K-713K-647K
CapEx % of Revenue10.78%92.37%10.28%12.72%3.4%13.59%-
Acquisitions0-200K-29.69M00-5.3M-5.3M
Investments-------
Other Investing000000100K
Cash from Financing42.3M230.44M-7.52M-82K23.8M39.25M31.87M
Debt Issued (Net)2.31M1.91M-95K-4K-3K-3.72M-3.72M
Equity Issued (Net)39.99M228.81M-8.11M-78K19.92M43.01M22.48M
Dividends Paid0000000
Share Repurchases00-8.11M-78K-105K00
Other Financing0-284K683K03.88M-50K13.11M
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-1.03-2.48-2.73-3.02-0.85-0.67-0.67
FCF Conversion (FCF/Net Income)0.81x0.52x0.42x0.66x0.31x-2.75x1.22x
Interest Paid006K0000
Taxes Paid0007K10K00

PDYN Key Ratios

Palladyne AI Corp. (PDYN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20212022202320242025TTM
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%-129.43%
Gross Margin23.8%20.28%17.98%55.2%48.72%32%
Net Margin-1606.07%-1078.52%-1880.78%-932.66%191.36%-358.04%
Debt / Equity0.00x0.09x0.30x-0.14x0.14x
Interest Coverage-2382.09x-----
FCF Conversion0.52x0.42x0.66x0.31x-2.75x1.22x
Revenue Growth-42.41%187.07%-57.81%26.68%-32.62%16.83%

PDYN SEC Filings & Documents

Palladyne AI Corp. (PDYN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 5, 2026·SEC

Material company update

Mar 5, 2026·SEC

Material company update

Feb 18, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 5, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

May 5, 2026·SEC

FY 2025

Nov 12, 2025·SEC

FY 2025

Aug 6, 2025·SEC

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.

Explore More PDYN

Palladyne AI Corp. (PDYN) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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