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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›PDYN›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

Palladyne AI Corp. (PDYN) financials

Income statement

Palladyne AI Corp. (PDYN) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue$8.81M$5.08M$14.6M$6.15M$7.79M$5.25M
Revenue growth—-42.4%187.1%-57.8%26.7%-32.6%
Operating income-$21.0M-$81.0M-$177M-$121M-$26.9M-$32.4M
Operating margin-238.3%-1595.9%-1215.2%-1968.0%-345.8%-617.7%
Net income-$20.9M-$81.5M-$157M-$116M-$72.6M$10.0M
Net margin-237.4%-1606.1%-1078.5%-1880.8%-932.7%191.4%
EPS (diluted)-$0.21-$0.72-$6.42-$4.51-$2.71$0.24

Cash flow

Palladyne AI Corp. (PDYN) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$16.9M-$42.1M-$65.4M-$76.6M-$22.6M-$27.6M
Capital expenditures$950K$4.69M$1.50M$782K$265K$713K
Free cash flow-$17.8M-$46.8M-$66.9M-$77.4M-$22.9M-$28.4M

Balance sheet

Palladyne AI Corp. (PDYN) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$33.7M$217M$35.2M$23.1M$31.2M$18.2M
Total assets$38.1M$236M$168M$60.4M$56.3M$95.7M
Total liabilities$5.15M$21.9M$23.2M$19.5M$65.8M$21.0M
Shareholders' equity$32.9M$214M$144M$40.9M-$9.53M$74.7M
Retained earnings-$64.0M-$145M-$303M-$418M-$491M-$481M
Shares (wtd avg diluted)104M113M24.5M25.6M26.8M42.1M

Every figure is extracted from Palladyne AI Corp.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Palladyne AI Corp.'s annual revenue?
Palladyne AI Corp. (PDYN) reported $5.25M of revenue for fiscal year 2025 — down 32.6% from $7.79M in FY2024, per its annual report filed with the SEC.
Is Palladyne AI Corp. profitable?
Yes — PDYN earned $10.0M of net income in FY2025, a 191.4% net margin, per SEC filings.
What is Palladyne AI Corp.'s free cash flow?
-$28.4M in FY2025 (operating cash flow -$27.6M minus $713K of capital expenditures), from the SEC cash-flow statement.
Does PDYN pay a dividend?
Palladyne AI Corp. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full PDYN analysis — verdict, score & filings →Is PDYN a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.