STOCK TITAN

PALLADYNE AI CORP Financials

PDYN
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows PALLADYNE AI CORP (PDYN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 40 / 100
Financial Profile 40/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
0

PALLADYNE AI CORP has an operating margin of -617.7%, meaning the company retains $-618 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -345.8% the prior year.

Growth
0

PALLADYNE AI CORP's revenue declined 32.6% year-over-year, from $7.8M to $5.2M. This contraction results in a growth score of 0/100.

Leverage
96

PALLADYNE AI CORP carries a low D/E ratio of 0.28, meaning only $0.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
100

With a current ratio of 9.28, PALLADYNE AI CORP holds $9.28 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.

Cash Flow
0

While PALLADYNE AI CORP generated -$27.6M in operating cash flow, capex of $713K consumed most of it, leaving -$28.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns
41

PALLADYNE AI CORP's ROE of 13.4% shows moderate profitability relative to equity, earning a score of 41/100.

Piotroski F-Score Weak
2/9

PALLADYNE AI CORP passes 2 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Low Quality
-2.75x

For every $1 of reported earnings, PALLADYNE AI CORP generates $-2.75 in operating cash flow (-$27.6M OCF vs $10.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk
-16.7x

PALLADYNE AI CORP earns $-16.7 in operating income for every $1 of interest expense (-$32.4M vs $1.9M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$5.2M
YoY-32.6%
5Y CAGR-9.9%

PALLADYNE AI CORP generated $5.2M in revenue in fiscal year 2025. This represents a decrease of 32.6% from the prior year.

EBITDA
-$31.3M
YoY-20.0%

PALLADYNE AI CORP's EBITDA was -$31.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 20.0% from the prior year.

Net Income
$10.0M
YoY+113.8%

PALLADYNE AI CORP reported $10.0M in net income in fiscal year 2025. This represents an increase of 113.8% from the prior year.

EPS (Diluted)
$0.24
YoY+108.9%

PALLADYNE AI CORP earned $0.24 per diluted share (EPS) in fiscal year 2025. This represents an increase of 108.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow
-$28.4M
YoY-23.8%

PALLADYNE AI CORP generated -$28.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 23.8% from the prior year.

Cash & Debt
$18.2M
YoY-41.6%
5Y CAGR-11.6%

PALLADYNE AI CORP held $18.2M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share
N/A
Shares Outstanding
46M
YoY+30.9%

PALLADYNE AI CORP had 46M shares outstanding in fiscal year 2025. This represents an increase of 30.9% from the prior year.

Margins & Returns

Gross Margin
48.7%
YoY-6.5pp
5Y CAGR+12.3pp

PALLADYNE AI CORP's gross margin was 48.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 6.5 percentage points from the prior year.

Operating Margin
-617.7%
YoY-271.9pp
5Y CAGR-379.4pp

PALLADYNE AI CORP's operating margin was -617.7% in fiscal year 2025, reflecting core business profitability. This is down 271.9 percentage points from the prior year.

Net Margin
191.4%
YoY+1124.0pp
5Y CAGR+428.8pp

PALLADYNE AI CORP's net profit margin was 191.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1124.0 percentage points from the prior year.

Return on Equity
13.4%
5Y CAGR+77.0pp

PALLADYNE AI CORP's ROE was 13.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity.

Capital Allocation

R&D Spending
$12.9M
YoY+23.6%
5Y CAGR-1.8%

PALLADYNE AI CORP invested $12.9M in research and development in fiscal year 2025. This represents an increase of 23.6% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$713K
YoY+169.1%
5Y CAGR-5.6%

PALLADYNE AI CORP invested $713K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 169.1% from the prior year.

PDYN Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $1.7M+93.1% $860K-15.3% $1.0M-40.6% $1.7M+124.7% $761K-12.6% $871K-67.9% $2.7M-21.2% $3.4M
Cost of Revenue $1.4M+204.1% $461K-2.7% $474K+34.3% $353K-36.3% $554K+15.7% $479K-15.8% $569K-69.8% $1.9M
Gross Profit $259K-35.1% $399K-26.2% $541K-60.1% $1.4M+555.6% $207K-47.2% $392K-81.7% $2.1M+37.9% $1.6M
R&D Expenses $3.8M+19.5% $3.1M+0.7% $3.1M+8.9% $2.9M+9.9% $2.6M+1.2% $2.6M+10.0% $2.3M-18.9% $2.9M
SG&A Expenses $4.7M+13.2% $4.1M-1.0% $4.2M-0.5% $4.2M+21.3% $3.5M-12.7% $4.0M-7.6% $4.3M-16.3% $5.1M
Operating Income -$9.3M-15.5% -$8.1M+0.4% -$8.1M-16.8% -$6.9M-6.9% -$6.5M+11.2% -$7.3M-26.1% -$5.8M+21.3% -$7.4M
Interest Expense $431K-23.9% $566K+12.1% $505K+14.3% $442K+59.6% $277K+11.2% $249K-28.0% $346K-7.0% $372K
Income Tax -$2.5M $0 $0 $0-100.0% $2K-33.3% $3K $0 $0
Net Income -$1.5M+60.1% -$3.7M+50.0% -$7.5M-132.9% $22.8M+143.0% -$53.0M-646.5% -$7.1M-33.3% -$5.3M+26.4% -$7.2M
EPS (Diluted) N/A $-0.09+55.0% $-0.20-136.4% $0.55 N/A $-0.27-35.0% $-0.20+28.6% $-0.28

PDYN Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $95.7M+31.2% $72.9M-6.9% $78.3M+23.7% $63.3M+12.5% $56.3M+45.2% $38.7M-14.1% $45.1M-10.5% $50.4M
Current Assets $52.6M-13.1% $60.5M-8.1% $65.8M+30.9% $50.3M+17.6% $42.7M+73.0% $24.7M-19.1% $30.5M-14.1% $35.5M
Cash & Equivalents $18.2M-33.4% $27.4M+35.8% $20.1M+100.3% $10.1M-67.7% $31.2M+46.2% $21.3M-17.4% $25.8M-18.8% $31.8M
Inventory $339K+346.1% $76K0.0% $76K+4.1% $73K+2.8% $71K $0 $0 $0
Accounts Receivable $1.1M+223.6% $326K+37.6% $237K+48.1% $160K+19.4% $134K-78.3% $618K+23.6% $500K+22.5% $408K
Goodwill $14.7M N/A N/A N/A $0 N/A N/A N/A
Total Liabilities $21.0M-0.2% $21.1M-13.9% $24.5M-30.1% $35.0M-46.8% $65.8M+329.5% $15.3M+0.1% $15.3M-5.5% $16.2M
Current Liabilities $5.7M+26.9% $4.5M+16.1% $3.8M+22.6% $3.1M-29.3% $4.4M-9.9% $4.9M+4.3% $4.7M-9.6% $5.2M
Long-Term Debt N/A N/A N/A N/A N/A N/A N/A N/A
Total Equity $74.7M+44.0% $51.8M-3.7% $53.8M+90.2% $28.3M+396.9% -$9.5M-140.7% $23.4M-21.4% $29.8M-12.8% $34.2M
Retained Earnings -$480.8M-0.3% -$479.3M-0.8% -$475.6M-1.6% -$468.1M+4.6% -$490.8M-12.1% -$437.9M-1.6% -$430.8M-1.3% -$425.4M

PDYN Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow -$8.5M-35.2% -$6.3M-18.1% -$5.3M+29.1% -$7.5M-47.5% -$5.1M-13.3% -$4.5M+22.4% -$5.8M+19.9% -$7.2M
Capital Expenditures $236K-38.5% $384K $0-100.0% $93K+93.8% $48K+300.0% $12K-91.6% $143K+130.6% $62K
Free Cash Flow -$8.7M-31.0% -$6.7M-25.3% -$5.3M+30.0% -$7.6M-47.9% -$5.1M-14.1% -$4.5M+24.1% -$5.9M+18.6% -$7.3M
Investing Cash Flow -$4.3M-133.3% $12.8M+329.7% -$5.6M+79.7% -$27.5M-209.3% -$8.9M-74125.0% -$12K+91.6% -$143K-100.9% $15.9M
Financing Cash Flow $3.6M+435.5% $679K-96.8% $21.0M+50.7% $13.9M-41.6% $23.9M+340800.0% $7K+125.9% -$27K+37.2% -$43K
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

PDYN Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin 15.6%-30.8pp 46.4%-6.9pp 53.3%-26.1pp 79.4%+52.2pp 27.2%-17.8pp 45.0%-34.0pp 79.0%+33.8pp 45.2%
Operating Margin -560.8%+377.0pp -937.8%-140.4pp -797.4%-392.1pp -405.3%+446.7pp -852.0%-14.0pp -838.0%-624.7pp -213.3%+0.4pp -213.7%
Net Margin -89.9%+345.0pp -434.9%+302.8pp -737.6%-2068.6pp 1330.9%+8291.4pp -6960.4%-6145.8pp -814.7%-618.5pp -196.2%+13.9pp -210.1%
Return on Equity -2.0%+5.2pp -7.2%+6.7pp -13.9%-94.3pp 80.4% N/A -30.3%-12.4pp -17.9%+3.3pp -21.1%
Return on Assets -1.6%+3.6pp -5.1%+4.4pp -9.6%-45.5pp 35.9%+130.1pp -94.2%-75.8pp -18.3%-6.5pp -11.8%+2.5pp -14.3%
Current Ratio 9.28-4.3 13.56-3.6 17.12+1.1 16.03+6.4 9.64+4.6 5.02-1.5 6.47-0.3 6.81
Debt-to-Equity 0.28-0.1 0.41-0.0 0.45-0.8 1.24+8.1 -6.90-7.6 0.65+0.1 0.51+0.0 0.47
FCF Margin -526.3%+249.8pp -776.1%-251.3pp -524.7%-79.8pp -445.0%+231.0pp -676.0%-158.2pp -517.8%-298.9pp -218.9%-6.9pp -212.1%

Similar Companies

Frequently Asked Questions

PALLADYNE AI CORP (PDYN) reported $5.2M in total revenue for fiscal year 2025. This represents a -32.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

PALLADYNE AI CORP (PDYN) revenue declined by 32.6% year-over-year, from $7.8M to $5.2M in fiscal year 2025.

Yes, PALLADYNE AI CORP (PDYN) reported a net income of $10.0M in fiscal year 2025, with a net profit margin of 191.4%.

PALLADYNE AI CORP (PDYN) reported diluted earnings per share of $0.24 for fiscal year 2025. This represents a 108.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

PALLADYNE AI CORP (PDYN) had EBITDA of -$31.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

PALLADYNE AI CORP (PDYN) had a gross margin of 48.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

PALLADYNE AI CORP (PDYN) had an operating margin of -617.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

PALLADYNE AI CORP (PDYN) had a net profit margin of 191.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

PALLADYNE AI CORP (PDYN) has a return on equity of 13.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

PALLADYNE AI CORP (PDYN) generated -$28.4M in free cash flow during fiscal year 2025. This represents a -23.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

PALLADYNE AI CORP (PDYN) generated -$27.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

PALLADYNE AI CORP (PDYN) had $95.7M in total assets as of fiscal year 2025, including both current and long-term assets.

PALLADYNE AI CORP (PDYN) invested $713K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

PALLADYNE AI CORP (PDYN) invested $12.9M in research and development during fiscal year 2025.

PALLADYNE AI CORP (PDYN) had 46M shares outstanding as of fiscal year 2025.

PALLADYNE AI CORP (PDYN) had a current ratio of 9.28 as of fiscal year 2025, which is generally considered healthy.

PALLADYNE AI CORP (PDYN) had a debt-to-equity ratio of 0.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

PALLADYNE AI CORP (PDYN) had a return on assets of 10.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Based on fiscal year 2025 data, PALLADYNE AI CORP (PDYN) had $18.2M in cash against an annual operating cash burn of $27.6M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

PALLADYNE AI CORP (PDYN) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

PALLADYNE AI CORP (PDYN) has an earnings quality ratio of -2.75x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

PALLADYNE AI CORP (PDYN) has an interest coverage ratio of -16.7x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

PALLADYNE AI CORP (PDYN) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

Back to top