Palladyne AI Corp. balance sheet

At the end of fiscal 2025, Palladyne AI Corp. had total assets of $95.7m, total liabilities of $21.0m and shareholders' equity of $74.7m. It held $18.2m in cash against $0 of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Palladyne AI Corp.: balance sheet, annual
Fiscal year	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	34	217	35	23	31	18	34
Receivables	1	1	2	1	0	1	2
Inventory	1	1	4	1	0	0	1
Total current assets	36	228	129	45	43	53	52
Goodwill	—	—	—	—	0	15	15
Total assets	38	236	168	60	56	96	94
Accounts payable	1	2	4	1	0	1	1
Deferred revenue (current)	—	—	—	0	0	0	1
Total current liabilities	4	6	11	8	4	6	8
Long-term debt	1	—	—	—	—	—	—
Total debt	2	2	0	0	0	0	0
Total liabilities	5	22	23	20	66	21	24
Shareholders' equity	33	214	144	41	−10	75	71
Shares outstanding	—	—	26m	26m	—	46m	49m

US$ millions unless shown otherwise. Fiscal quarters.

Palladyne AI Corp.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	1	0	0	0	0	1	2	2
Inventory	0	0	0	0	0	0	1	1
Total current assets	25	43	50	66	61	53	50	52
Goodwill	—	0	—	—	—	15	15	15
Total assets	39	56	63	78	73	96	93	94
Accounts payable	0	0	0	0	1	1	1	1
Deferred revenue (current)	—	0	0	0	0	0	1	1
Total current liabilities	5	4	3	4	4	6	6	8
Total liabilities	15	66	35	24	21	21	23	24
Shareholders' equity	23	−10	28	54	52	75	70	71
Shares outstanding	27m	34m	36m	40m	42m	46m	47m	49m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Palladyne AI Corp.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Palladyne AI Corp.