Palladyne AI Corp.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $5.2M | $7.8M | $6.1M | $14.6M | $5.1M |
| Cost of revenue | $2.7M | $3.5M | $5.0M | $11.6M | $3.9M |
| Research and development | $12.9M | $10.4M | $39.0M | $34.1M | $17.5M |
| Operating income | -$32.4M | -$26.9M | -$121.0M | -$177.0M | -$81.0M |
| Pretax income | $7.5M | -$72.6M | -$115.6M | -$161.0M | -$81.5M |
| Income tax expense | -$2.5M | $5,000 | $7,000 | -$3.9M | $1,000 |
| Net income | $10.0M | -$72.6M | -$115.6M | -$157.1M | -$81.5M |
| Balance Sheet | |||||
| Cash and equivalents | $18.2M | $31.2M | $23.1M | $35.2M | $217.1M |
| Current assets | $52.6M | $42.7M | $45.1M | $129.1M | $228.3M |
| Total assets | $95.7M | $56.3M | $60.4M | $167.6M | $235.8M |
| Current liabilities | $5.7M | $4.4M | $8.5M | $10.5M | $6.2M |
| Total liabilities | $21.0M | $65.8M | $19.5M | $23.2M | $21.9M |
| Stockholders' equity | $74.7M | -$9.5M | $40.9M | $144.4M | $214.0M |
| Cash Flow Statement | |||||
| Cash from operations | -$27.6M | -$22.6M | -$76.6M | -$65.4M | -$42.1M |
| Depreciation and amortization | $974,000 | $825,000 | $1.6M | $1.4M | $531,000 |
| Stock-based compensation | $4.4M | $2.8M | $12.0M | $35.6M | $43.1M |
| Capital expenditure | $713,000 | $265,000 | $782,000 | $1.5M | $4.7M |
| Free cash flow | -$28.4M | -$22.9M | -$77.4M | -$66.9M | -$46.8M |
| Impairments | $0 | $0 | $30.1M | $0 | $0 |
Shares outstanding 47.2M · Free float 44.1%
Annual filing data through FY ended December 31, 2025; float as of July 15, 2026.