Palladyne AI Corp. income statement
In fiscal 2025, Palladyne AI Corp. reported revenue of $5.2m, down 32.6% on the year before, operating income of −$32.4m (a -617.7% margin) and net income of $10.0m, or $0.24 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 9 | 5 | 15 | 6 | 8 | 5 | 12 |
| Cost of revenue | 6 | 4 | 12 | 5 | 3 | 3 | 8 |
| Gross profit | 3 | 1 | 3 | 1 | 4 | 3 | 3 |
| Research and development | 14 | 18 | 34 | 39 | 10 | 13 | 15 |
| Selling and marketing | 3 | 7 | 10 | 11 | 4 | 5 | 6 |
| General and administrative | 7 | 58 | 63 | 31 | 17 | 17 | 24 |
| Operating income | −21 | −81 | −177 | −121 | −27 | −32 | −43 |
| Net interest income | 0 | −0 | 2 | 3 | 1 | 2 | 2 |
| Provision for credit losses | — | — | — | 0 | 0 | 0 | — |
| Income before tax | −21 | −82 | −161 | −116 | −73 | 8 | −33 |
| Income tax | 0 | 0 | −4 | 0 | 0 | −3 | −3 |
| Net income | −21 | −82 | −157 | −116 | −73 | 10 | −30 |
| Diluted EPS | −$1.26 | −$0.72 | −$6.42 | −$4.51 | −$2.71 | $0.24 | −$0.67 |
| Diluted shares (average) | 17m | 19m | 24m | 26m | 27m | 42m | 45m |
| EBITDA | −21 | −80 | −176 | −119 | −26 | −31 | −41 |
| 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 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 | 1 | 2 | 1 | 1 | 2 | 4 | 6 |
| Cost of revenue | 0 | 1 | 0 | 0 | 0 | 1 | 2 | 4 |
| Gross profit | 0 | 0 | 1 | 1 | 0 | 0 | 1 | 2 |
| Research and development | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 4 |
| Selling and marketing | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| General and administrative | 4 | 3 | 4 | 4 | 4 | 5 | 7 | 8 |
| Operating income | −7 | −6 | −7 | −8 | −8 | −9 | −12 | −13 |
| Net interest income | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Income before tax | −7 | −53 | 23 | −7 | −4 | −4 | −13 | −12 |
| Income tax | 0 | 0 | 0 | 0 | 0 | −3 | 0 | 0 |
| Net income | −7 | −53 | 23 | −7 | −4 | −1 | −13 | −12 |
| Diluted EPS | −$0.27 | −$1.95 | $0.55 | −$0.20 | −$0.09 | −$0.05 | −$0.28 | −$0.27 |
| EBITDA | −7 | −6 | −7 | −8 | −8 | −9 | −12 | −13 |
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