Here are the 10-K annual reports from Palladyne AI Corp Warrants (PDYNW) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow PDYNW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PDYNW filings page.
Palladyne AI Corp. is an early-stage U.S. technology company focused on embodied AI software, defense autonomy solutions, advanced avionics, UAVs, engineering services and precision manufacturing for defense and commercial/industrial markets. Its core products include Palladyne IQ for industrial robots and cobots and SwarmOS/Pilot and IntelliSwarm for collaborative UAV swarms.
The company reported a loss from operations of $32.4 million in 2025 and $26.9 million in 2024, with an accumulated deficit of $480.8 million and working capital of $46.9 million as of December 31, 2025. Operating cash flows were negative $27.6 million in 2025 and $22.6 million in 2024, and management expects significant losses to continue while it invests in AI/ML development, commercialization and recent defense-focused acquisitions.
The company highlights substantial risks, including unproven commercialization of its AI products, long and uncertain sales cycles, reliance on government and defense-related demand, competitive pressure from large industrial and defense players, potential supply-chain constraints and evolving regulation of AI, export controls and government contracting. As of June 30, 2025, non‑affiliate equity market value was approximately $315.5 million, and as of February 20, 2026 there were 46,494,865 common shares outstanding.