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Palladyne AI Corp.

PDYN

Palladyne AI Corp. is a technology company specializing in embodied artificial intelligence software and collaborative autonomy solutions for defense and commercial markets.

Market cap
$262.73M-14.0%
Revenue$11.8M+172%
Net income-$36.2M+15.2%
Free cash flow-$36.7M-62.5%
EPS (diluted)-$0.64+65.8%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 11, 2026 (in a month)
Revenue estimate$7.5M
EPS estimate-$0.21

Financials

Q2 2026

Income statement

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Revenue$5.8M+470%
Gross profit$1.7M+211%
Operating income-$13.4M-65.7%
Net income-$12.3M-64.6%
EPS (diluted)-$0.27-35.0%

Balance sheet

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Cash & equivalents$33.8M+67.6%
Total debt$10.6M+1.3%
Total equity$70.8M+31.6%
Total assets$94.4M+20.5%

Cash flow

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Operating cash flow-$10.2M-90.8%
CapEx$862.0K—
Free cash flow-$11.0M-107%

Valuation & ratios

Valuation

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Market cap$262.73M-14.0%
Enterprise value$239.51M—
P/S22.2×—

Profitability

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Gross margin28.7%-28.6pp
Operating margin-360.7%-113pp
FCF margin-310%-88.9pp

Returns & leverage

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Debt / equity0.1×0.0×
Current ratio6.3×-10.8×

Segments

By product

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Product Revenue$2.7M+89,600%
Engineering Services Revenue$1.9M—
Product Development Contract Revenue$1.2M+16.5%

By geography

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Non Us-—

Competitors

Profile

Palladyne AI Corp. is a technology company specializing in embodied artificial intelligence software and collaborative autonomy solutions for defense and commercial markets. The company provides a hardware-agnostic AI stack that enables robotic systems, unmanned aerial vehicles (UAVs), and industrial cobots to observe, learn, and act autonomously in complex, contested, or unstructured environments. Their value proposition centers on edge-native orchestration that eliminates cloud dependency and reduces the need for costly manual reprogramming.

Competitive position

A mid-tier technology prime defense contractor positioning itself as an agile alternative to legacy incumbents through hardware-agnostic, edge-native AI.

GeographiesUnited States
Customer segmentsGovernment, Enterprise, Industrial
Business modelSubscription SaaS, Term-based licensing, Device-based licensing, Professional Services
SuppliersRF spectrum providers, Sensor manufacturers (LiDAR, Radar, Vision), Raw material suppliers for machining, Electronic component distributors
CustomersU.S. Department of Defense, Industrial manufacturing plants, Logistics fulfillment centers, Commercial drone operators
Listed2021
Employees70.0
CEOBenjamin G. Wolff
FilingsSEC EDGAR

FAQ

What is Palladyne AI Corp.'s market cap?
Palladyne AI Corp. (PDYN) has a market capitalization of $262.7M and trades on NASDAQ.
What is Palladyne AI Corp.'s revenue and profitability?
Palladyne AI Corp. generated $11.8M in trailing twelve-month revenue with a net loss of $36.2M, representing a net margin of -953.5%. Gross margin stands at 28.7%, with free cash flow of -$36.7M. The latest reported period is Q2 2026.
Who are Palladyne AI Corp.'s competitors?
Palladyne AI Corp.'s key competitors include Northrop Grumman, Boeing, Lockheed Martin, and others. These companies compete in similar markets and product categories.
Who does Palladyne AI Corp. partner with?
Palladyne AI Corp.'s notable partners include Red Cat, Draganfly, ABB, and others.
What subsidiaries does Palladyne AI Corp. have?
Palladyne AI Corp.'s subsidiaries include GuideTech, Warnke Precision Machining, MKR Fabricators.
Where is Palladyne AI Corp. headquartered?
Palladyne AI Corp. is headquartered in United States of America and employs approximately 70 people. It has been publicly traded since 2021.