What is Palladyne AI's operating income?

Palladyne AI's total operating income in 2025 was -$32.40 million, based on the following breakdown: Total Gross Profit: $2.56 million Total Operating Expenses: $34.96 million

Palladyne AI (PDYNW) Financials

$0.03 0.00 (-6.93%)

As of 10:39 AM Eastern

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Annual Income Statements for Palladyne AI

This table shows Palladyne AI's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-21	-82	-157	-116	-73	10
Consolidated Net Income / (Loss)	-21	-82	-157	-116	-73	10
Net Income / (Loss) Continuing Operations	-21	-82	-157	-116	-73	10
Total Pre-Tax Income	-21	-82	-161	-116	-73	7.50
Total Operating Income	-21	-81	-177	-121	-27	-32
Total Gross Profit	3.21	1.21	2.96	1.11	4.30	2.56
Total Revenue	8.81	5.08	15	6.15	7.79	5.25
Operating Revenue	8.81	5.08	15	6.15	7.79	5.25
Total Cost of Revenue	5.60	3.87	12	5.04	3.49	2.69
Operating Cost of Revenue	5.60	3.87	12	5.04	3.49	2.69
Total Operating Expenses	24	82	180	122	31	35
Selling, General & Admin Expense	7.30	58	63	31	17	17
Marketing Expense	2.80	6.62	9.95	11	4.13	4.74
Research & Development Expense	14	18	34	39	10	13
Amortization Expense	-	0.00	2.18	2.82	0.00	0.12
Impairment Charge	-	0.00	70	0.00	0.00	0.00
Restructuring Charge	-	-	0.00	38	-0.19	0.00
Total Other Income / (Expense), net	0.07	-0.52	16	5.37	-46	40
Interest Expense	-0.04	0.03	-1.83	-3.29	-1.24	-1.94
Other Income / (Expense), net	0.03	-0.48	14	2.08	-47	38
Income Tax Expense	0.00	0.00	-3.89	0.01	0.01	-2.54
Basic Earnings per Share	($0.21)	($0.72)	($6.42)	($4.51)	($2.71)	$0.26
Weighted Average Basic Shares Outstanding	100.11M	113.18M	24.47M	25.64M	26.77M	38.84M
Diluted Earnings per Share	($0.21)	($0.72)	($6.42)	($4.51)	($2.71)	$0.24
Weighted Average Diluted Shares Outstanding	100.11M	113.18M	24.47M	25.64M	26.77M	42.13M
Weighted Average Basic & Diluted Shares Outstanding	100.11M	113.18M	154.30M	25.90M	35.22M	46.49M

This table shows Palladyne AI's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-29	-36	-7.23	-5.32	-7.10	-53	23	-7.49	-3.74	-1.49	-13
Consolidated Net Income / (Loss)	-29	-36	-7.23	-5.32	-7.10	-53	23	-7.49	-3.74	-1.49	-13
Net Income / (Loss) Continuing Operations	-29	-36	-7.23	-5.32	-7.09	-53	23	-7.49	-3.74	-1.49	-13
Total Pre-Tax Income	-29	-36	-7.23	-5.32	-7.09	-53	23	-7.49	-3.74	-4.03	-13
Total Operating Income	-31	-37	-7.35	-5.79	-7.30	-6.48	-6.93	-8.09	-8.07	-9.31	-12
Total Gross Profit	0.61	-0.34	1.56	2.14	0.39	0.21	1.36	0.54	0.40	0.26	1.07
Total Revenue	1.83	0.75	3.44	2.71	0.87	0.76	1.71	1.02	0.86	1.66	3.54
Operating Revenue	1.83	0.75	3.44	2.71	0.87	0.76	1.71	1.02	0.86	1.66	3.54
Total Cost of Revenue	1.22	1.09	1.89	0.57	0.48	0.55	0.35	0.47	0.46	1.40	2.47
Operating Cost of Revenue	1.22	1.09	1.89	0.57	0.48	0.55	0.35	0.47	0.46	1.40	2.47
Total Operating Expenses	31	37	8.91	7.93	7.69	6.69	8.29	8.64	8.46	9.57	13
Selling, General & Admin Expense	7.56	5.91	5.13	4.29	3.97	3.46	4.20	4.18	4.14	4.68	6.88
Marketing Expense	1.75	0.93	0.81	1.38	1.33	0.62	1.22	1.33	1.18	1.01	1.85
Research & Development Expense	10	7.89	2.90	2.35	2.58	2.61	2.87	3.13	3.15	3.76	3.91
Amortization Expense	0.82	0.36	0.00	0.00	0.00	-	0.00	0.00	0.00	0.12	0.36
Restructuring Charge	11	22	0.08	-0.09	-0.19	-	0.00	0.00	0.00	-	0.00
Total Other Income / (Expense), net	1.77	0.58	0.12	0.46	0.21	-46	30	0.61	4.33	5.28	-0.69
Interest Expense	-0.81	-0.52	-0.37	-0.35	-0.25	-0.28	-0.44	-0.51	-0.57	-0.43	-0.33
Other Income / (Expense), net	0.97	0.07	-0.25	0.12	-0.04	-47	29	0.10	3.76	4.85	-1.01
Income Tax Expense	0.00	0.01	0.00	0.00	0.00	0.01	0.00	0.00	0.00	-2.54	0.00
Basic Earnings per Share	($1.13)	($1.42)	($0.28)	($0.20)	($0.27)	($1.98)	$0.64	($0.20)	($0.09)	($0.09)	($0.28)
Weighted Average Basic Shares Outstanding	25.71M	25.64M	25.88M	26.62M	26.18M	26.77M	35.35M	37.75M	40.49M	38.84M	45.07M
Diluted Earnings per Share	($1.13)	($1.42)	($0.28)	($0.20)	($0.27)	($1.98)	$0.55	($0.20)	($0.09)	($0.02)	($0.28)
Weighted Average Diluted Shares Outstanding	25.71M	25.64M	25.88M	26.62M	26.18M	26.77M	41.07M	37.75M	40.49M	42.13M	45.07M
Weighted Average Basic & Diluted Shares Outstanding	25.90M	25.90M	26.60M	26.80M	30.11M	35.22M	35.71M	41.95M	42.04M	46.49M	47.24M

This table details how cash moves in and out of Palladyne AI's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	24	183	-182	-12	8.05	-13
Net Cash From Operating Activities	-17	-42	-65	-77	-23	-28
Net Cash From Continuing Operating Activities	-17	-42	-65	-77	-23	-28
Net Income / (Loss) Continuing Operations	-21	-82	-157	-116	-73	10
Consolidated Net Income / (Loss)	-21	-82	-157	-116	-73	10
Depreciation Expense	0.46	0.53	1.41	1.55	0.83	0.97
Amortization Expense	-	0.00	0.69	0.77	-0.08	-1.27
Non-Cash Adjustments To Reconcile Net Income	2.94	44	90	44	51	-35
Changes in Operating Assets and Liabilities, net	0.65	-4.78	-0.83	-7.61	-1.64	-2.13
Net Cash From Investing Activities	-0.95	-4.69	-109	65	6.88	-25
Net Cash From Continuing Investing Activities	-0.95	-4.69	-109	65	6.88	-25
Purchase of Property, Plant & Equipment	-0.95	-4.69	-1.50	-0.78	-0.27	-0.71
Acquisitions	-	0.00	-30	-	0.00	-5.30
Purchase of Investments	-	0.00	-178	-65	-8.86	-76
Sale and/or Maturity of Investments	-	0.00	100	130	16	57
Net Cash From Financing Activities	42	230	-7.52	-0.08	24	39
Net Cash From Continuing Financing Activities	42	230	-7.52	-0.08	24	39
Repayment of Debt	-	-	-	-	0.00	-3.70
Repurchase of Common Equity	-	-0.28	-8.11	-0.08	-0.79	-0.05
Issuance of Common Equity	40	0.00	0.00	0.00	24	37
Other Financing Activities, net	0.04	229	0.59	-0.00	0.13	6.47
Cash Income Taxes Paid	0.00	0.00	0.00	0.01	0.01	0.00

This table details how cash moves in and out of Palladyne AI's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	9.74	-12	8.66	-5.97	-4.50	9.86	-21	10	7.21	-9.14	-0.37
Net Cash From Operating Activities	-20	-16	-7.24	-5.80	-4.50	-5.10	-7.52	-5.33	-6.29	-8.51	-10
Net Cash From Continuing Operating Activities	-20	-17	-7.24	-5.80	-4.50	-5.10	-7.52	-5.33	-6.29	-8.51	-10
Net Income / (Loss) Continuing Operations	-29	-36	-7.23	-5.32	-7.10	-53	23	-7.49	-3.74	-1.49	-13
Consolidated Net Income / (Loss)	-29	-36	-7.23	-5.32	-7.10	-53	23	-7.49	-3.74	-1.49	-13
Depreciation Expense	0.42	0.29	0.20	0.20	0.21	0.21	0.22	0.21	0.22	0.32	0.36
Amortization Expense	0.35	0.14	-0.06	0.00	-	-0.02	-0.26	-0.39	-0.42	-0.20	0.12
Non-Cash Adjustments To Reconcile Net Income	12	20	1.71	0.21	0.09	48	-28	1.64	-3.71	-4.85	2.37
Changes in Operating Assets and Liabilities, net	-3.54	-0.63	-1.86	-0.89	2.30	-0.34	-1.91	0.70	1.36	-2.27	-0.48
Net Cash From Investing Activities	30	4.34	16	-0.14	-0.01	-8.91	-28	-5.58	13	-4.27	3.31
Net Cash From Continuing Investing Activities	30	4.34	16	-0.14	-0.01	-8.91	-28	-5.58	13	-4.27	3.31
Purchase of Property, Plant & Equipment	-0.36	0.25	-0.06	-0.14	-0.01	-0.05	-0.09	-	-0.38	-0.24	-0.03
Purchase of Investments	-9.75	-5.91	0.00	-	-	-8.86	-27	-20	-9.79	-19	-17
Sale of Property, Plant & Equipment	-	-	-	-	-	-	0.00	-	-	-	0.10
Sale and/or Maturity of Investments	40	10	16	-	-	-	0.00	14	23	20	20
Net Cash From Financing Activities	-0.01	-0.01	-0.04	-0.03	0.01	24	14	21	0.68	3.64	6.56
Net Cash From Continuing Financing Activities	-0.01	-0.01	-0.04	-0.03	0.01	24	14	21	0.68	3.64	6.56
Repayment of Debt	-	-	-	-	-	-	0.00	-	-	-	-0.02
Repurchase of Common Equity	-0.01	-0.01	-0.04	-0.03	-0.01	-0.70	-0.05	-	-	-	0.00
Issuance of Common Equity	-	-	0.00	-	-	-	14	15	0.67	7.34	6.53
Other Financing Activities, net	-0.00	-0.00	-0.00	0.00	0.02	0.11	0.00	6.47	0.01	-0.01	0.05
Cash Interest Paid	-	-	-	-	-	-	0.00	-	-	-	0.06

This table presents Palladyne AI's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	38	236	168	60	56	96
Total Current Assets	36	228	129	45	43	53
Cash & Equivalents	34	217	35	23	31	18
Short-Term Investments	-	0.00	79	16	8.88	29
Accounts Receivable	1.05	0.79	1.87	0.56	0.13	1.06
Inventories, net	0.71	1.01	3.56	1.07	0.07	0.34
Prepaid Expenses	0.69	9.20	5.02	2.32	1.28	1.65
Other Current Assets	0.22	0.22	4.16	2.03	1.18	2.46
Plant, Property, & Equipment, net	1.43	7.05	7.64	4.84	4.24	8.89
Total Noncurrent Assets	0.29	0.44	31	11	9.28	34
Goodwill	-	-	-	-	0.00	15
Intangible Assets	-	0.00	19	0.00	0.00	10
Other Noncurrent Operating Assets	0.29	0.44	12	11	9.28	9.11
Total Liabilities & Shareholders' Equity	38	236	168	60	56	96
Total Liabilities	5.15	22	23	20	66	21
Total Current Liabilities	3.56	6.16	11	8.46	4.43	5.67
Accounts Payable	0.97	1.68	3.62	1.29	0.44	1.06
Accrued Expenses	1.26	4.48	6.03	5.81	2.92	3.55
Other Current Liabilities	-	0.00	0.89	1.36	1.08	1.06
Total Noncurrent Liabilities	1.59	16	13	11	61	15
Other Noncurrent Operating Liabilities	0.53	16	13	11	61	15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	33	214	144	41	-9.53	75
Total Preferred & Common Equity	33	0.00	144	41	-9.53	75
Total Common Equity	33	214	144	41	-9.53	75
Common Stock	97	359	447	459	481	555
Retained Earnings	-64	-145	-303	-418	-491	-481
Accumulated Other Comprehensive Income / (Loss)	-	0.00	-0.02	0.00	0.01	0.01

This table presents Palladyne AI's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	96	50	45	39	63	78	73	93
Total Current Assets	61	36	31	25	50	66	61	50
Cash & Equivalents	35	32	26	21	10	20	27	18
Short-Term Investments	20	0.00	0.00	0.00	37	43	30	26
Accounts Receivable	1.40	0.41	0.50	0.62	0.16	0.24	0.33	1.59
Inventories, net	1.11	0.00	0.00	0.00	0.07	0.08	0.08	0.99
Prepaid Expenses	2.15	1.77	1.88	1.17	1.62	1.30	1.15	1.47
Other Current Assets	1.61	1.55	2.32	1.58	1.77	1.50	1.82	2.62
Plant, Property, & Equipment, net	6.69	4.68	4.61	4.41	4.12	3.90	4.06	8.54
Total Noncurrent Assets	28	10	9.98	9.63	8.92	8.60	8.35	34
Goodwill	-	-	-	-	-	-	-	15
Intangible Assets	17	0.00	0.00	0.00	0.00	-	-	10
Other Noncurrent Operating Assets	11	10	9.98	9.63	8.92	8.60	8.35	8.85
Total Liabilities & Shareholders' Equity	96	50	45	39	63	78	73	93
Total Liabilities	19	16	15	15	35	24	21	23
Total Current Liabilities	7.95	5.22	4.72	4.92	3.14	3.84	4.46	6.42
Accounts Payable	2.06	0.76	0.41	0.18	0.27	0.32	0.57	1.06
Accrued Expenses	4.58	3.09	2.99	3.55	1.87	2.58	2.92	4.27
Other Current Liabilities	1.31	1.37	1.31	1.20	0.99	0.95	0.98	1.08
Total Noncurrent Liabilities	11	11	11	10	32	21	17	16
Other Noncurrent Operating Liabilities	11	11	11	10	32	21	17	16
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	76	34	30	23	28	54	52	70
Total Preferred & Common Equity	76	34	30	23	28	54	52	70
Total Common Equity	76	34	30	23	28	54	52	70
Common Stock	458	460	461	461	496	529	531	563
Retained Earnings	-382	-425	-431	-438	-468	-476	-479	-493
Accumulated Other Comprehensive Income / (Loss)	0.00	-0.00	0.00	0.00	-0.00	-0.01	0.01	-0.00

This table displays calculated financial ratios and metrics derived from Palladyne AI's official financial filings.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	0.00	142,848,780.00	154,700,000.00	25,900,000.00	-	42,037,410.00
DEI Adjusted Shares Outstanding	0.00	142,848,780.00	154,700,000.00	25,900,000.00	-	42,037,410.00
DEI Earnings Per Adjusted Shares Outstanding	0.00	-0.57	-1.02	-4.46	-	0.24
Growth Metrics	-	-	-	-	-	-
Revenue Growth	0.00%	-42.41%	187.07%	-57.81%	26.68%	-32.62%
EBITDA Growth	0.00%	-294.70%	-98.60%	27.49%	37.28%	107.20%
EBIT Growth	0.00%	-288.61%	-99.89%	27.00%	37.87%	107.52%
NOPAT Growth	0.00%	-285.69%	-118.59%	31.68%	77.74%	-130.12%
Net Income Growth	0.00%	-289.51%	-92.78%	26.43%	37.18%	113.82%
EPS Growth	0.00%	-242.86%	-92.78%	29.75%	39.91%	108.86%
Operating Cash Flow Growth	0.00%	-149.40%	-55.31%	-17.17%	70.47%	-22.14%
Free Cash Flow Firm Growth	0.00%	0.00%	-202.52%	63.98%	157.65%	-469.85%
Invested Capital Growth	0.00%	-292.90%	1,050.32%	-93.83%	-2,784.20%	155.68%
Revenue Q/Q Growth	0.00%	0.00%	54.14%	-46.65%	0.19%	20.71%
EBITDA Q/Q Growth	0.00%	0.00%	-57.48%	32.44%	-29.14%	112.12%
EBIT Q/Q Growth	0.00%	0.00%	-56.72%	32.03%	-28.22%	112.86%
NOPAT Q/Q Growth	0.00%	0.00%	-61.67%	32.46%	53.17%	-109.49%
Net Income Q/Q Growth	0.00%	0.00%	-58.91%	32.57%	-29.39%	124.23%
EPS Q/Q Growth	0.00%	0.00%	-58.91%	32.38%	-26.64%	123.53%
Operating Cash Flow Q/Q Growth	0.00%	-66.09%	0.38%	5.48%	33.50%	-14.07%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	-11.40%	253.04%	-806.11%
Invested Capital Q/Q Growth	0.00%	0.00%	-68.67%	-91.21%	-2,470.00%	621.13%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	36.43%	23.80%	20.28%	17.98%	55.20%	48.72%
EBITDA Margin	-232.69%	-1,594.92%	-1,103.40%	-1,896.52%	-938.94%	100.32%
Operating Margin	-238.27%	-1,595.88%	-1,215.17%	-1,968.04%	-345.79%	-617.69%
EBIT Margin	-237.89%	-1,605.38%	-1,117.80%	-1,934.27%	-948.57%	105.93%
Profit (Net Income) Margin	-237.44%	-1,606.07%	-1,078.52%	-1,880.78%	-932.66%	191.36%
Tax Burden Percent	100.00%	100.00%	97.58%	100.01%	100.01%	133.84%
Interest Burden Percent	99.81%	100.04%	98.88%	97.23%	98.32%	134.98%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	-33.84%
Return on Invested Capital (ROIC)	-899.59%	0.00%	-924.76%	-532.48%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-879.68%	0.00%	-904.73%	-492.20%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	835.99%	0.00%	837.08%	407.75%	0.00%	0.00%
Return on Equity (ROE)	-63.60%	-66.03%	-87.68%	-124.73%	-462.94%	30.82%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	-524.25%	-355.72%	0.00%	-436.61%
Operating Return on Assets (OROA)	-55.10%	-59.50%	-80.73%	-104.26%	-126.60%	7.31%
Return on Assets (ROA)	-54.99%	-59.52%	-77.89%	-101.37%	-124.47%	13.21%
Return on Common Equity (ROCE)	-63.60%	-66.04%	-87.68%	-124.73%	-462.94%	30.82%
Return on Equity Simple (ROE_SIMPLE)	-63.59%	0.00%	-108.78%	-282.59%	761.74%	0.00%
Net Operating Profit after Tax (NOPAT)	-15	-57	-124	-85	-19	-43
NOPAT Margin	-166.79%	-1,117.12%	-850.62%	-1,377.63%	-242.05%	-826.69%
Net Nonoperating Expense Percent (NNEP)	-19.91%	-19.98%	-20.03%	-40.28%	-135.91%	122.60%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-206.99%	197.69%	-58.08%
Cost of Revenue to Revenue	63.57%	76.20%	79.72%	82.02%	44.80%	51.28%
SG&A Expenses to Revenue	82.80%	1,144.02%	435.72%	511.78%	216.31%	327.85%
R&D to Revenue	160.18%	345.14%	234.36%	634.75%	134.05%	245.88%
Operating Expenses to Revenue	274.71%	1,619.68%	1,235.45%	1,986.02%	400.99%	666.41%
Earnings before Interest and Taxes (EBIT)	-21	-81	-163	-119	-74	5.56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-21	-81	-161	-117	-73	5.26
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	7.29	39.98	3.61	0.46	0.00	2.40
Price to Tangible Book Value (P/TBV)	7.29	39.98	4.16	0.46	0.00	3.62
Price to Revenue (P/Rev)	27.23	1,685.47	35.76	3.04	47.45	34.14
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	17.84
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	5.61%
Enterprise Value to Invested Capital (EV/IC)	127.74	0.00	13.57	0.00	0.00	4.78
Enterprise Value to Revenue (EV/Rev)	23.68	1,642.69	27.90	0.00	42.31	25.17
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	25.09
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	23.76
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	10.10	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.07	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.03	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.95	-1.01	-0.93	-0.83	-2.52	-1.34
Leverage Ratio	1.16	1.11	1.13	1.23	3.72	2.33
Compound Leverage Factor	1.15	1.11	1.11	1.20	3.66	3.15
Debt to Total Capital	6.78%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	3.76%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	3.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	93.23%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	-0.12	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	1.52	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	-0.05	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	-0.16	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	2.13	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	-0.07	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	25.07	233.92	8.69	-14.78	-12.22	-1.09
Noncontrolling Interest Sharing Ratio	-0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	10.22	37.06	12.26	5.33	9.64	9.28
Quick Ratio	9.77	35.37	11.05	4.69	9.34	8.49
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-52	-157	-57	33	-121
Operating Cash Flow to CapEx	-1,777.05%	-898.10%	-4,365.22%	-9,797.95%	-8,538.49%	-3,876.16%
Free Cash Flow to Firm to Interest Expense	0.00	-1,526.70	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	-1,238.32	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-1,376.21	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.23	0.04	0.07	0.05	0.13	0.07
Accounts Receivable Turnover	8.39	5.52	10.98	5.08	8.34	8.82
Inventory Turnover	7.92	4.51	5.08	2.18	6.14	13.12
Fixed Asset Turnover	6.18	1.20	1.98	0.98	1.71	0.80
Accounts Payable Turnover	5.76	2.92	4.38	2.05	4.04	3.60
Days Sales Outstanding (DSO)	43.53	66.13	33.25	71.89	43.79	41.36
Days Inventory Outstanding (DIO)	46.06	80.84	71.78	167.51	59.44	27.82
Days Payable Outstanding (DPO)	63.33	125.21	83.30	177.79	90.31	101.29
Cash Conversion Cycle (CCC)	26.26	21.77	21.73	61.61	12.91	-32.11
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	1.63	-3.15	30	1.85	-50	28
Invested Capital Turnover	5.39	-6.69	1.09	0.39	-0.33	-0.48
Increase / (Decrease) in Invested Capital	0.00	-4.79	33	-28	-51	77
Enterprise Value (EV)	209	8,337	407	-20	329	132
Market Capitalization	240	8,554	521	19	369	179
Book Value per Share	$0.33	$1.50	$0.93	$1.58	($0.32)	$1.78
Tangible Book Value per Share	$0.33	$1.50	$0.81	$1.58	($0.32)	$1.18
Total Capital	35	214	144	41	-9.53	75
Total Debt	2.39	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	1.07	0.00	0.00	0.00	0.00	0.00
Net Debt	-31	-217	-114	-39	-40	-47
Capital Expenditures (CapEx)	0.95	4.69	1.50	0.78	0.27	0.71
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.44	5.06	4.07	-2.48	-1.77	-0.16
Debt-free Net Working Capital (DFNWC)	34	222	119	37	38	47
Net Working Capital (NWC)	33	222	119	37	38	47
Net Nonoperating Expense (NNE)	6.23	25	33	31	54	-53
Net Nonoperating Obligations (NNO)	-31	-217	-114	-39	-40	-47
Total Depreciation and Amortization (D&A)	0.46	0.53	2.10	2.32	0.75	-0.29
Debt-free, Cash-free Net Working Capital to Revenue	5.03%	99.63%	27.94%	-40.34%	-22.78%	-3.13%
Debt-free Net Working Capital to Revenue	387.01%	4,377.73%	813.83%	595.62%	491.87%	893.84%
Net Working Capital to Revenue	371.94%	4,377.73%	813.83%	595.62%	491.87%	893.84%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	($0.72)	($1.07)	($4.51)	($2.71)	$0.26
Adjusted Weighted Average Basic Shares Outstanding	0.00	142.90M	146.84M	25.64M	26.77M	38.84M
Adjusted Diluted Earnings per Share	$0.00	($0.72)	($1.07)	($4.51)	($2.71)	$0.24
Adjusted Weighted Average Diluted Shares Outstanding	0.00	142.90M	146.84M	25.64M	26.77M	42.13M
Adjusted Basic & Diluted Earnings per Share	$0.00	($0.72)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	113.18M	154.30M	25.90M	35.22M	46.49M
Normalized Net Operating Profit after Tax (NOPAT)	-15	-57	-75	-58	-19	-23
Normalized NOPAT Margin	-166.79%	-1,117.12%	-513.15%	-945.44%	-243.78%	-432.38%
Pre Tax Income Margin	-237.43%	-1,606.05%	-1,105.24%	-1,880.67%	-932.60%	142.99%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-2,396.26	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	-1,667.46	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-2,534.15	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-1,805.34	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	-0.25%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	-0.59%	-5.16%	-0.07%	-1.08%	0.50%

This table displays calculated financial ratios and metrics derived from Palladyne AI's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	25,800,000.00	25,900,000.00	25,900,000.00	26,600,000.00	26,800,000.00	-	35,219,701.00	35,713,527.00	41,948,874.00	42,037,410.00	46,494,865.00
DEI Adjusted Shares Outstanding	25,800,000.00	25,900,000.00	25,900,000.00	26,600,000.00	26,800,000.00	-	35,219,701.00	35,713,527.00	41,948,874.00	42,037,410.00	46,494,865.00
DEI Earnings Per Adjusted Shares Outstanding	-1.12	-1.41	-0.28	-0.20	-0.26	-	0.65	-0.21	-0.09	-0.04	-0.27
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-60.85%	-87.81%	49.87%	112.45%	-52.33%	2.01%	-50.31%	-62.59%	-1.26%	118.27%	106.90%
EBITDA Growth	-14.65%	60.50%	66.14%	81.13%	75.42%	-45.14%	398.85%	-49.50%	36.88%	91.80%	-155.91%
EBIT Growth	-15.59%	60.23%	66.33%	80.80%	75.35%	-43.95%	393.61%	-40.98%	41.35%	91.62%	-157.95%
NOPAT Growth	-12.86%	61.07%	68.29%	80.68%	76.27%	82.50%	-34.66%	-39.87%	-10.49%	-43.65%	-20.38%
Net Income Growth	-28.81%	60.49%	66.34%	81.43%	75.52%	-45.22%	414.83%	-40.65%	47.29%	97.18%	-155.40%
EPS Growth	-26.97%	62.33%	66.67%	82.14%	76.11%	-39.44%	296.43%	0.00%	66.67%	98.99%	-150.91%
Operating Cash Flow Growth	-21.87%	21.23%	64.04%	70.82%	77.66%	69.11%	-3.87%	8.12%	-39.84%	-66.90%	-36.23%
Free Cash Flow Firm Growth	145.93%	102.17%	151.25%	-67.36%	-73.93%	2,064.39%	-41.12%	-54.74%	-87.37%	-278.51%	-483.09%
Invested Capital Growth	-78.00%	-93.83%	-92.25%	-83.35%	-90.05%	-2,784.20%	-863.34%	-322.86%	-353.23%	155.68%	243.04%
Revenue Q/Q Growth	43.07%	-59.17%	361.26%	-21.16%	-67.90%	-12.63%	124.70%	-40.64%	-15.27%	93.14%	113.00%
EBITDA Q/Q Growth	-0.18%	-25.96%	79.60%	26.71%	-30.54%	-643.62%	142.01%	-136.66%	44.88%	3.42%	-186.48%
EBIT Q/Q Growth	-0.87%	-24.17%	79.45%	25.42%	-29.51%	-625.20%	141.91%	-135.81%	46.12%	-3.62%	-189.85%
NOPAT Q/Q Growth	-2.65%	-20.49%	80.16%	21.30%	-26.13%	11.17%	-52.71%	18.25%	0.36%	-15.49%	-27.97%
Net Income Q/Q Growth	-1.12%	-25.86%	80.18%	26.37%	-33.31%	-646.46%	142.97%	-132.90%	50.05%	60.08%	-744.47%
EPS Q/Q Growth	-0.89%	-25.66%	80.28%	28.57%	-35.00%	-633.33%	127.78%	-136.36%	55.00%	77.78%	-1,300.00%
Operating Cash Flow Q/Q Growth	-1.38%	18.08%	56.14%	19.89%	22.41%	-13.29%	-47.49%	29.14%	-18.10%	-35.21%	-20.39%
Free Cash Flow Firm Q/Q Growth	9.08%	-95.91%	982.44%	-32.35%	-12.86%	239.17%	-70.55%	-48.00%	-75.68%	-4,892.21%	36.80%
Invested Capital Q/Q Growth	-12.01%	-91.21%	30.03%	65.63%	-47.41%	-2,470.00%	63.02%	51.64%	40.25%	621.13%	-5.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	33.11%	-46.11%	45.19%	79.03%	45.01%	27.20%	79.36%	53.30%	46.40%	15.59%	30.10%
EBITDA Margin	-1,588.29%	-4,899.73%	-216.71%	-201.44%	-819.06%	-6,971.09%	1,303.22%	-804.93%	-523.60%	-261.83%	-352.15%
Operating Margin	-1,683.31%	-4,967.16%	-213.69%	-213.31%	-838.00%	-852.04%	-405.32%	-797.44%	-937.79%	-560.75%	-336.89%
EBIT Margin	-1,630.38%	-4,958.04%	-220.90%	-208.96%	-842.94%	-6,996.58%	1,305.09%	-787.39%	-500.70%	-268.63%	-365.55%
Profit (Net Income) Margin	-1,586.26%	-4,889.54%	-210.08%	-196.20%	-814.70%	-6,960.45%	1,330.94%	-737.64%	-434.88%	-89.89%	-356.36%
Tax Burden Percent	100.00%	100.01%	100.00%	100.00%	100.04%	100.00%	100.00%	100.00%	100.00%	37.04%	100.00%
Interest Burden Percent	97.29%	98.61%	95.11%	93.90%	96.61%	99.48%	101.98%	93.68%	86.86%	90.34%	97.49%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-232.76%	-1,343.92%	-65.28%	-93.46%	-394.21%	0.00%	0.00%	0.00%	0.00%	0.00%	-422.65%
ROIC Less NNEP Spread (ROIC-NNEP)	-224.93%	-1,330.20%	-61.98%	-90.94%	-389.02%	0.00%	0.00%	0.00%	0.00%	0.00%	-413.20%
Return on Net Nonoperating Assets (RNNOA)	139.51%	1,101.97%	49.03%	71.26%	298.66%	0.00%	0.00%	0.00%	0.00%	0.00%	379.99%
Return on Equity (ROE)	-93.25%	-241.95%	-16.24%	-22.20%	-95.55%	-462.94%	-136.41%	-107.11%	-110.11%	30.82%	-42.66%
Cash Return on Invested Capital (CROIC)	-87.06%	-355.72%	-269.19%	-263.52%	-184.24%	0.00%	0.00%	0.00%	0.00%	-436.61%	-269.67%
Operating Return on Assets (OROA)	-110.36%	-267.24%	-16.25%	-22.00%	-97.53%	-933.77%	139.00%	-55.59%	-38.97%	-18.55%	-33.18%
Return on Assets (ROA)	-107.38%	-263.55%	-15.45%	-20.66%	-94.27%	-928.94%	141.75%	-52.08%	-33.85%	-6.21%	-32.35%
Return on Common Equity (ROCE)	-93.25%	-241.95%	-16.24%	-22.20%	-95.55%	-462.94%	-136.41%	-107.11%	-110.11%	30.82%	-42.66%
Return on Equity Simple (ROE_SIMPLE)	-225.10%	0.00%	-296.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-22	-26	-5.15	-4.05	-5.11	-4.54	-6.93	-5.67	-5.65	-6.52	-8.34
NOPAT Margin	-1,178.31%	-3,477.01%	-149.58%	-149.31%	-586.60%	-596.43%	-405.32%	-558.21%	-656.45%	-392.52%	-235.82%
Net Nonoperating Expense Percent (NNEP)	-7.82%	-13.72%	-3.29%	-2.52%	-5.20%	-122.41%	75.70%	-4.11%	4.86%	11.54%	-9.44%
Return On Investment Capital (ROIC_SIMPLE)	-	-63.41%	-15.05%	-13.59%	-21.82%	47.61%	-24.49%	-10.53%	-10.89%	-8.73%	-11.93%
Cost of Revenue to Revenue	66.89%	146.11%	54.81%	20.97%	54.99%	72.80%	20.64%	46.70%	53.60%	84.41%	69.90%
SG&A Expenses to Revenue	413.63%	792.23%	148.94%	158.16%	455.22%	454.80%	245.56%	411.72%	481.16%	281.94%	194.38%
R&D to Revenue	547.95%	1,057.91%	84.13%	86.55%	296.44%	343.23%	167.84%	307.88%	365.81%	226.25%	110.37%
Operating Expenses to Revenue	1,716.42%	4,921.05%	258.88%	292.33%	883.01%	879.24%	484.68%	850.74%	984.19%	576.34%	366.99%
Earnings before Interest and Taxes (EBIT)	-30	-37	-7.60	-5.67	-7.34	-53	22	-7.99	-4.31	-4.46	-13
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-29	-37	-7.46	-5.47	-7.13	-53	22	-8.17	-4.50	-4.35	-12
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.29	0.46	1.37	1.43	2.05	0.00	7.32	5.75	6.95	2.40	4.04
Price to Tangible Book Value (P/TBV)	0.37	0.46	1.37	1.43	2.05	0.00	7.32	5.75	6.95	3.62	6.26
Price to Revenue (P/Rev)	1.91	3.04	6.43	4.88	6.17	47.45	34.20	70.98	82.91	34.14	39.90
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.84	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	5.61%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	6.28	4.20	12.73	0.00	0.00	0.00	0.00	4.78	9.09
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	2.07	1.92	3.43	42.31	26.50	56.59	69.76	25.17	33.72
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	25.09	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.76	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	10.10	73.09	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.62	-0.83	-0.79	-0.78	-0.77	-2.52	-1.26	-1.06	-1.04	-1.34	-0.92
Leverage Ratio	1.11	1.23	1.24	1.29	1.35	3.72	1.82	1.48	1.48	2.33	1.59
Compound Leverage Factor	1.08	1.21	1.18	1.21	1.30	3.70	1.86	1.38	1.29	2.11	1.55
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	-5.15	-10.31	-9.71	-11.23	-13.76	-11.01	-4.65	-0.25	1.84	-1.44	0.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.72	5.33	6.81	6.47	5.02	9.64	16.03	17.12	13.56	9.28	7.85
Quick Ratio	7.11	4.69	6.17	5.58	4.46	9.34	14.92	16.37	12.87	8.49	7.05
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	53	2.17	23	16	14	47	14	7.18	1.75	-84	-53
Operating Cash Flow to CapEx	-5,593.89%	0.00%	-11,670.97%	-4,053.85%	-37,483.33%	-10,616.67%	-8,081.72%	0.00%	-1,638.02%	-3,603.81%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.07	0.05	0.07	0.11	0.12	0.13	0.11	0.07	0.08	0.07	0.09
Accounts Receivable Turnover	5.76	5.08	5.36	9.81	7.69	8.34	21.32	11.82	9.21	8.82	8.07
Inventory Turnover	3.86	2.18	0.00	0.00	0.00	6.14	0.00	0.00	0.00	13.12	9.06
Fixed Asset Turnover	1.61	0.98	1.18	1.54	1.40	1.71	1.38	1.02	1.03	0.80	1.12
Accounts Payable Turnover	3.58	2.05	3.02	1.90	3.60	4.04	3.79	5.12	4.96	3.60	7.22
Days Sales Outstanding (DSO)	63.39	71.89	68.13	37.22	47.44	43.79	17.12	30.87	39.64	41.36	45.23
Days Inventory Outstanding (DIO)	94.52	167.51	0.00	0.00	0.00	59.44	0.00	0.00	0.00	27.82	40.29
Days Payable Outstanding (DPO)	101.94	177.79	121.05	191.69	101.32	90.31	96.24	71.23	73.61	101.29	50.58
Cash Conversion Cycle (CCC)	55.97	61.61	-52.92	-154.46	-53.88	12.91	-79.12	-40.36	-33.97	-32.11	34.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	21	1.85	2.40	3.98	2.09	-50	-18	-8.87	-5.30	28	26
Invested Capital Turnover	0.20	0.39	0.44	0.63	0.67	-0.33	-0.76	-1.78	-2.71	-0.48	1.79
Increase / (Decrease) in Invested Capital	-75	-28	-29	-20	-19	-51	-21	-13	-7.39	77	45
Enterprise Value (EV)	-33	-20	15	17	27	329	160	247	303	132	239
Market Capitalization	22	19	47	43	48	369	207	309	360	179	282
Book Value per Share	$2.95	$1.58	$1.32	$1.12	$0.87	($0.32)	$0.80	$1.51	$1.24	$1.78	$1.50
Tangible Book Value per Share	$2.31	$1.58	$1.32	$1.12	$0.87	($0.32)	$0.80	$1.51	$1.24	$1.18	$0.97
Total Capital	76	41	34	30	23	-9.53	28	54	52	75	70
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-55	-39	-32	-26	-21	-40	-47	-63	-57	-47	-44
Capital Expenditures (CapEx)	0.36	-0.25	0.06	0.14	0.01	0.05	0.09	0.00	0.38	0.24	-0.07
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1.68	-2.48	-1.49	-0.02	-1.55	-1.77	0.48	-0.73	-1.10	-0.16	0.25
Debt-free Net Working Capital (DFNWC)	53	37	30	26	20	38	47	62	56	47	44
Net Working Capital (NWC)	53	37	30	26	20	38	47	62	56	47	44
Net Nonoperating Expense (NNE)	7.45	11	2.08	1.27	1.99	48	-30	1.82	-1.91	-5.03	4.26
Net Nonoperating Obligations (NNO)	-55	-39	-32	-26	-21	-40	-47	-63	-57	-47	-44
Total Depreciation and Amortization (D&A)	0.77	0.44	0.14	0.20	0.21	0.19	-0.03	-0.18	-0.20	0.11	0.47
Debt-free, Cash-free Net Working Capital to Revenue	-14.56%	-40.34%	-20.42%	-0.17%	-19.95%	-22.78%	7.99%	-16.82%	-25.24%	-3.13%	3.59%
Debt-free Net Working Capital to Revenue	463.87%	595.62%	415.70%	295.82%	254.51%	491.87%	778.30%	1,422.29%	1,289.67%	893.84%	621.03%
Net Working Capital to Revenue	463.87%	595.62%	415.70%	295.82%	254.51%	491.87%	778.30%	1,422.29%	1,289.67%	893.84%	621.03%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.13)	($1.42)	($0.28)	($0.20)	($0.27)	($1.98)	$0.64	($0.20)	($0.09)	($0.09)	($0.28)
Adjusted Weighted Average Basic Shares Outstanding	25.71M	25.64M	25.88M	26.62M	26.18M	26.77M	35.35M	37.75M	40.49M	38.84M	45.07M
Adjusted Diluted Earnings per Share	($1.13)	($1.42)	($0.28)	($0.20)	($0.27)	($1.98)	$0.55	($0.20)	($0.09)	($0.02)	($0.28)
Adjusted Weighted Average Diluted Shares Outstanding	25.71M	25.64M	25.88M	26.62M	26.18M	26.77M	41.07M	37.75M	40.49M	42.13M	45.07M
Adjusted Basic & Diluted Earnings per Share	$0.00	($1.42)	$0.00	$0.00	$0.00	($1.98)	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.90M	25.90M	26.60M	26.80M	30.11M	35.22M	35.71M	41.95M	42.04M	46.49M	47.24M
Normalized Net Operating Profit after Tax (NOPAT)	-14	-11	-5.09	-4.11	-5.24	-4.54	-4.85	-5.67	-5.65	-6.52	-8.34
Normalized NOPAT Margin	-748.35%	-1,448.51%	-147.89%	-151.59%	-601.63%	-596.43%	-283.73%	-558.21%	-656.45%	-392.52%	-235.82%
Pre Tax Income Margin	-1,586.26%	-4,889.01%	-210.08%	-196.20%	-814.35%	-6,960.18%	1,330.94%	-737.64%	-434.88%	-242.69%	-356.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-0.29%	-0.07%	-0.11%	-0.11%	-0.17%	-1.08%	-1.86%	-1.71%	-1.82%	0.50%	0.00%

Financials Breakdown Chart

Palladyne AI Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Palladyne AI's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Palladyne AI's net income appears to be on a downward trend, with a most recent value of $10.04 million in 2025, falling from -$20.93 million in 2020. The previous period was -$72.62 million in 2024.

Palladyne AI's total operating income in 2025 was -$32.40 million, based on the following breakdown:

Total Gross Profit: $2.56 million
Total Operating Expenses: $34.96 million

Over the last 5 years, Palladyne AI's total revenue changed from $8.81 million in 2020 to $5.25 million in 2025, a change of -40.5%.

Palladyne AI's total liabilities were at $21.04 million at the end of 2025, a 68.0% decrease from 2024, and a 308.7% increase since 2020.

In the past 5 years, Palladyne AI's cash and equivalents has ranged from $18.22 million in 2025 to $217.11 million in 2021, and is currently $18.22 million as of their latest financial filing in 2025.

Over the last 5 years, Palladyne AI's book value per share changed from 0.33 in 2020 to 1.78 in 2025, a change of 440.4%.

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Financial statements for NASDAQ:PDYNW last updated on 7/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Palladyne AI (PDYNW) Financials

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Palladyne AI (PDYNW) Financials

Annual Income Statements for Palladyne AI

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Quarterly Cash Flow Statements for Palladyne AI

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Palladyne AI Financials - Frequently Asked Questions

When does Palladyne AI's financial year end?

How has Palladyne AI's net income changed over the last 5 years?

What is Palladyne AI's operating income?

How has Palladyne AI's revenue changed over the last 5 years?

How much debt does Palladyne AI have?

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How has Palladyne AI's book value per share changed over the last 5 years?

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