Palladyne AI (PDYN) Financial Statements & Analysis

Palladyne AI (PDYN) Income Statement

Palladyne AI reported revenue of $5.25M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 32.6% from $7.79M a year earlier. Net income was $10.04M, a net margin of 191.4%. Gross margin was 48.7% and operating margin -617.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $5.78M, up 469.8% from the same quarter a year earlier.

Palladyne AI Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Palladyne AI Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	5.25	7.79	6.15	14.57	5.08	8.81
Cost of Revenue	2.69	3.49	5.04	11.61	3.87	5.60
Gross Profit	2.56	4.30	1.11	2.96	1.21	3.21
Operating Expenses
Research & Development	12.90	10.44	39.01	34.14	17.52	14.12
Selling, General & Administrative	21.94	20.98	42.28	73.43	64.68	10.09
Operating Expenses	34.96	31.22	122.06	179.99	82.20	24.21
Operating Income	-32.40	-26.92	-120.96	-177.04	-80.99	-21.00
Other Income/Expense
Interest Income	1.94	1.24	3.29	1.83	0.00	0.04
Interest Expense	0.00	0.00	0.00	0.00	0.03	0.00
Other Income/Expense	39.91	-45.69	5.37	16.02	-0.52	0.07
Income
Income Before Tax	7.50	-72.61	-115.59	-161.02	-81.51	-20.93
Income Tax Expense	2.54	0.01	0.01	-3.89	0.00	0.00
Net Income	10.04	-72.62	-115.59	-157.13	-81.51	-20.93
Net Income - Continuous Operations	10.04	-72.62	-115.59	-157.13	-81.51	-20.93
Net Income - Discontinued Operations	-	-	-	-	-	-
EBITDA	-31.31	-26.29	-78.64	-103.21	-80.94	-20.54
EBIT	-32.40	-27.12	-83.01	-106.80	-80.99	-21.00
Depreciation & Amortization	0.12	0.83	4.38	3.59	0.53	0.46
Earnings Per Share
Basic EPS	-	-3.00	-5.00	-6.00	-4.00	-1.00
Diluted EPS	-	-3.00	-5.00	-6.00	-4.00	-1.00
Basic Shares Outstanding	38.84	26.77	25.64	24.47	18.86	17.34
Diluted Shares Outstanding	42.13	26.77	25.64	24.47	18.86	17.34

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Palladyne AI Financial Statements

What was Palladyne AI's revenue in fiscal 2025?

Palladyne AI reported revenue of $5.25M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 32.6% from $7.79M a year earlier.

Is Palladyne AI profitable?

Yes. Palladyne AI earned net income of $10.04M in fiscal 2025, a net margin of 191.4%. In fiscal 2024 it lost $72.62M.

What is Palladyne AI's operating margin?

Palladyne AI's operating income was −$32.40M on revenue of $5.25M in fiscal 2025, an operating margin of -617.7%, compared with -345.8% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition