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Palladyne AI Corp. PDYN Product Development Contract Revenue — Revenue

Other product segments

Services Revenue
$4.68M
Engineering Services Revenue
$1.78M
Product Revenue
$1.69M
Manufacturing Revenue
$559K

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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:Revenues.

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 product development contract revenue — revenue?
Palladyne AI Corp. (PDYN) reported product development contract revenue — revenue of $67K in Q1 2026.
How has Palladyne AI Corp.'s product development contract revenue — revenue changed year-over-year?
Palladyne AI Corp.'s product development contract revenue — revenue decreased by 96.1% year-over-year, from $1.71M to $67K.
What is the long-term trend for Palladyne AI Corp.'s product development contract revenue — revenue?
Over 3 years (2021 to 2024), Palladyne AI Corp.'s product development contract revenue — revenue has grown at a 12.6% compound annual growth rate (CAGR), from $3.58M to $5.12M.
What does product development contract revenue — revenue mean?
This metric represents the total revenue generated from specialized engineering and development contracts focused on advancing robotic autonomy and artificial intelligence capabilities. It reflects the company's ability to monetize its core intellectual property through bespoke research and development engagements with external partners. Tracking this revenue stream provides insight into the commercial traction of the company's proprietary software platform within the robotics industry.