What is Palladyne AI Corp.'s unbilled balances?

Palladyne AI Corp. (PDYN) reported unbilled balances of $2.62M in Q1 2026.

How has Palladyne AI Corp.'s unbilled balances changed year-over-year?

Palladyne AI Corp.'s unbilled balances increased by 47.9% year-over-year, from $1.77M to $2.62M.

What is the long-term trend for Palladyne AI Corp.'s unbilled balances?

Over 5 years (2020 to 2025), Palladyne AI Corp.'s unbilled balances has grown at a 62.2% compound annual growth rate (CAGR), from $219K to $2.46M.

Palladyne AI Corp. PDYN Unbilled balances

Unbilled balances at other companies

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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 us-gaap:UnbilledContractsReceivable.

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 unbilled balances?: Palladyne AI Corp. (PDYN) reported unbilled balances of $2.62M in Q1 2026.
How has Palladyne AI Corp.'s unbilled balances changed year-over-year?: Palladyne AI Corp.'s unbilled balances increased by 47.9% year-over-year, from $1.77M to $2.62M.
What is the long-term trend for Palladyne AI Corp.'s unbilled balances?: Over 5 years (2020 to 2025), Palladyne AI Corp.'s unbilled balances has grown at a 62.2% compound annual growth rate (CAGR), from $219K to $2.46M.