Palladyne AI Corp. financials
Source: EDGAR filings · Built 2026-06-02T03:47:47Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -28.37M | -22.89M | -77.40M | -66.89M | -46.79M | -17.83M |
| EBITDA | -31.31M | -26.10M | -116.58M | -173.44M | -80.46M | -20.54M |
| Working Capital | 46.89M | 38.30M | 36.61M | 118.57M | 222.17M | 32.78M |
| Net Debt | -6.51M | -20.15M | -10.74M | -22.76M | -217.11M | -31.27M |
| Gross Margin | 48.72% | 55.20% | 17.98% | 20.28% | 23.80% | 36.43% |
| Operating Margin | -617.69% | -345.79% | -1968.04% | -1215.17% | -1595.88% | -238.27% |
| Net Margin | 191.36% | -932.66% | -1880.78% | -1078.52% | -1606.07% | -237.44% |
| Return on Equity (ROE) | 13.44% | 761.74% | -282.59% | -108.78% | -38.09% | -63.59% |
| Return on Assets (ROA) | 10.49% | -129.09% | -191.30% | -93.74% | -34.56% | -54.99% |
| Current Ratio | 9.28× | 9.64× | 5.33× | 12.26× | 37.06× | 10.22× |
| Debt-to-Equity | 0.16× | -1.16× | 0.30× | 0.09× | 0.00× | 0.07× |
| Effective Tax Rate | -33.84% | -0.01% | -0.01% | 2.42% | -0.00% | -0.00% |
| Cash Conversion Ratio | -2.75× | 0.31× | 0.66× | 0.42× | 0.52× | 0.81× |
| Accruals Ratio | 0.39× | -0.89× | -0.65× | -0.55× | -0.17× | -0.11× |
| SBC % of Revenue | 84.77% | 36.03% | 195.95% | 244.66% | 849.62% | 26.00% |
| CapEx Coverage | -37.70× | -84.43× | -97.98× | -43.65× | -8.98× | -17.77× |
| Free Cash Flow Per Share | $-0.67 | $-0.86 | $-3.02 | $-2.73 | $-0.41 | $-0.18 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 17.75× | — | — | — | — | — |
| P/S | 37.45× | 53.40× | 3.04× | 0.99× | 270.83× | — |
| P/B | 2.63× | — | 0.46× | 0.10× | 6.42× | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 5.25M | 7.79M | 6.15M | 14.57M | 5.08M | 8.81M |
| Revenues | 5.25M | 7.79M | 6.15M | 14.57M | 5.08M | 8.81M |
| Cost of Revenue | 2.69M | 3.49M | 5.04M | 11.61M | 3.87M | 5.60M |
| Research and Development Expense | 12.90M | 10.44M | 39.01M | 34.14M | 17.52M | 14.12M |
| Operating Income (Loss) | -32.40M | -26.92M | -120.96M | -177.04M | -80.99M | -21.00M |
| Income Tax Expense (Benefit) | -2.54M | 5.00K | 7.00K | -3.89M | 1.00K | 1.00K |
| Net Income (Loss) Attributable to Parent | 10.04M | -72.62M | -115.59M | -157.13M | -81.51M | -20.93M |
| Earnings Per Share, Basic | $0.26 | $-2.71 | $-4.51 | $-6.42 | $-0.72 | — |
| Weighted Average Number of Shares Outstanding, Basic | 38.84M | 26.77M | 25.64M | 24.47M | 113.18M | — |
| Earnings Per Share, Diluted | $0.24 | $-2.71 | $-4.51 | $-6.42 | $-0.72 | — |
| Weighted Average Number of Shares Outstanding, Diluted | 42.13M | 26.77M | 25.64M | 24.47M | 113.18M | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 18.22M | 31.19M | 23.14M | 35.16M | 217.11M | 33.66M |
| Assets, Current | 52.56M | 42.73M | 45.06M | 129.10M | 228.33M | 36.33M |
| Assets | 95.71M | 56.25M | 60.43M | 167.63M | 235.82M | 38.05M |
| Liabilities, Current | 5.67M | 4.43M | 8.46M | 10.53M | 6.16M | 3.56M |
| Liabilities | 21.04M | 65.79M | 19.52M | 23.18M | 21.86M | 5.15M |
| Stockholders' Equity Attributable to Parent | 74.67M | -9.53M | 40.91M | 144.45M | 213.96M | 32.91M |
| Common Stock, Shares, Outstanding | 46.12M | 33.88M | 25.88M | 25.71M | 137.72M | 104.04M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -27.64M | -22.63M | -76.62M | -65.39M | -42.10M | -16.88M |
| Payments to Acquire Property, Plant, and Equipment | 713.00K | 265.00K | 782.00K | 1.50M | 4.69M | 950.00K |
| Net Cash Provided by (Used in) Investing Activities | -24.58M | 6.88M | 64.68M | -109.05M | -4.69M | -950.00K |
| Net Cash Provided by (Used in) Financing Activities | 39.25M | 23.80M | -82.00K | -7.52M | 230.24M | 42.30M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -10.30M | -8.74M | -19.61M | -12.94M | -7.61M | -5.14M |
| EBITDA | -11.21M | -9.00M | -7.76M | -7.89M | -6.71M | -6.27M |
| Working Capital | 43.93M | 46.89M | 56.05M | 61.97M | 47.13M | 38.30M |
| Net Debt | -7.32M | -6.51M | -17.17M | -9.72M | 647.00K | -20.15M |
| Gross Margin | 30.10% | 15.59% | 46.40% | 53.30% | 79.36% | 27.20% |
| Operating Margin | -336.89% | -560.75% | -937.79% | -797.44% | -405.32% | -852.04% |
| Net Margin | -356.36% | -89.89% | -434.88% | -737.64% | 1330.94% | -6960.45% |
| Return on Equity (ROE) | -18.03% | -2.00% | -7.21% | -13.91% | 80.42% | 555.64% |
| Return on Assets (ROA) | -13.62% | -1.56% | -5.13% | -9.56% | 35.95% | -94.16% |
| Current Ratio | 7.85× | 9.28× | 13.56× | 17.12× | 16.03× | 9.64× |
| Debt-to-Equity | 0.15× | 0.16× | 0.20× | 0.19× | 0.38× | -1.16× |
| Effective Tax Rate | 0.00% | 62.96% | 0.00% | 0.00% | 0.00% | -0.00% |
| Cash Conversion Ratio | 0.81× | 5.70× | 5.12× | 1.72× | -0.33× | 0.10× |
| Accruals Ratio | -0.03× | 0.07× | 0.21× | 0.07× | 0.48× | -0.85× |
| SBC % of Revenue | 35.02% | 66.29% | 389.07% | 225.62% | 67.19% | 75.95% |
| CapEx Coverage | -159.98× | -36.04× | -40.11× | -138.09× | -80.82× | -106.17× |
| Free Cash Flow Per Share | $-0.23 | $-0.21 | $-0.48 | $-0.34 | $-0.19 | $-0.19 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | 20.29× | — | — | — | — |
| P/S | 40.54× | 37.45× | 83.09× | 80.24× | 34.68× | 53.40× |
| P/B | 4.10× | 2.63× | 6.96× | 6.49× | 7.42× | — |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 3.54M | 1.66M | 860.00K | 1.01M | 1.71M | 761.00K |
| Revenues | 3.54M | 1.66M | 860.00K | 1.01M | 1.71M | 761.00K |
| Cost of Revenue | 2.47M | 1.40M | 461.00K | 474.00K | 353.00K | 554.00K |
| Research and Development Expense | 3.90M | 3.76M | 3.15M | 3.13M | 2.87M | 2.61M |
| Operating Income (Loss) | -11.92M | -9.31M | -8.06M | -8.09M | -6.93M | -6.48M |
| Income Tax Expense (Benefit) | 0 | -2.54M | 0 | 0 | 0 | 2.00K |
| Net Income (Loss) Attributable to Parent | -12.61M | -1.49M | -3.74M | -7.49M | 22.76M | -52.97M |
| Earnings Per Share, Basic | $-0.28 | $-0.05 | $-0.09 | $-0.20 | $0.64 | $-1.95 |
| Weighted Average Number of Shares Outstanding, Basic | 45.07M | 38.84M | 40.49M | 37.75M | 35.35M | 26.77M |
| Earnings Per Share, Diluted | $-0.28 | $-0.05 | $-0.09 | $-0.20 | $0.55 | $-1.95 |
| Weighted Average Number of Shares Outstanding, Diluted | 45.07M | 42.13M | 40.49M | 37.75M | 41.07M | 26.77M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 17.85M | 18.22M | 27.36M | 20.15M | 10.06M | 31.19M |
| Assets, Current | 50.35M | 52.56M | 60.51M | 65.81M | 50.26M | 42.73M |
| Assets | 92.55M | 95.71M | 72.93M | 78.31M | 63.30M | 56.25M |
| Liabilities, Current | 6.42M | 5.67M | 4.46M | 3.84M | 3.14M | 4.43M |
| Liabilities | 22.64M | 21.04M | 21.08M | 24.48M | 35.00M | 65.79M |
| Stockholders' Equity Attributable to Parent | 69.92M | 74.67M | 51.85M | 53.83M | 28.30M | -9.53M |
| Common Stock, Shares, Outstanding | 47.24M | 46.12M | 42.04M | 40.37M | 35.71M | 33.88M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -10.24M | -8.51M | -19.13M | -12.84M | -7.52M | -5.10M |
| Payments to Acquire Property, Plant, and Equipment | 27.00K | 236.00K | 477.00K | 93.00K | 93.00K | 48.00K |
| Net Cash Provided by (Used in) Investing Activities | 3.31M | -4.27M | -20.30M | -33.13M | -27.55M | -8.91M |
| Net Cash Provided by (Used in) Financing Activities | 6.56M | 3.64M | 35.61M | 34.93M | 13.93M | 23.86M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (PDYN CIK 0001826681),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.