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Palladyne AI Corp. PDYN Increase Decrease In Unbilled Receivables Under Changes In Operating Assets

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Other financials

Income statement

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Revenue$3.5M+107%
Gross profit$1.1M-21.5%
Operating income-$11.9M-72.0%
Net income-$12.6M-155%
EPS (diluted)-$0.28-151%

Balance sheet

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Cash & equivalents$17.9M+77.5%
Total debt$10.5M-1.7%
Total equity$69.9M+147%
Total assets$92.6M+46.2%

Cash flow

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Operating cash flow-$10.2M-36.2%
CapEx$27.0K-71.0%
Free cash flow-$10.3M-34.9%

Valuation

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Market cap$287.24M-10.9%
Enterprise value$279.92M
P/S40.6×

Profitability

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Gross margin32%-35.7pp
Operating margin-528.6%+139pp
Net margin-953.5%+449pp
FCF margin-438.3%+73.6pp

Returns & leverage

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Return on equity-110.1%-2.5pp
Debt / equity0.2×-0.2×
Current ratio7.8×-8.2×

Where this comes from

Reported directly by Palladyne AI Corp. in its filing.

Tagged under the XBRL concept pdyn:IncreaseDecreaseInUnbilledReceivablesUnderChangesInOperatingAssets.

The official record: Palladyne AI Corp.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Palladyne AI Corp.'s increase decrease in unbilled receivables under changes in operating assets?
Palladyne AI Corp. (PDYN) reported increase decrease in unbilled receivables under changes in operating assets of $163K in Q1 2026.
How has Palladyne AI Corp.'s increase decrease in unbilled receivables under changes in operating assets changed year-over-year?
Palladyne AI Corp.'s increase decrease in unbilled receivables under changes in operating assets decreased by 72.5% year-over-year, from $592K to $163K.
What does increase decrease in unbilled receivables under changes in operating assets mean?
Tracks the change in revenue recognized for services performed or products delivered that have not yet been formally invoiced to the customer. An increase indicates that the company is accumulating unbilled work, which may signal timing differences between revenue recognition and billing cycles.