Palladyne AI Corp. income statement PDYN

Annual Quarterly

In fiscal 2025, which ended Dec 31, 2025, Palladyne AI Corp. reported revenue of $5.2 million, down 32.6% from the year before. Net income was $10.0 million, a profit margin of 191.4%. The operating loss came to $32.4 million, an operating margin of -617.7%. Diluted earnings per share were $0.24. Over the twelve months ended Jun 30, 2026, revenue was $11.8 million and the net loss was $30.2 million. Across the 5 fiscal years shown, revenue grew from $5.1 million in fiscal 2021 to $5.2 million in fiscal 2025, about 0.8% a year.

USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.

FY 2026
Jun 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
FY 2023
Dec 31, 2023
FY 2022
Dec 31, 2022
FY 2021
Dec 31, 2021
Revenue
12
+171.8%
5
-32.6%
8
+26.7%
6
-57.8%
15
+187.1%
5
Cost of revenue
8
+353.7%
3
-22.9%
3
-30.8%
5
-56.6%
12
+200.3%
4
Gross profit
3
+36.3%
3
-40.5%
4
+289.0%
1
-62.6%
3
+144.6%
1
Research and development
15
+35.3%
13
+23.6%
10
-73.2%
39
+14.3%
34
+94.9%
18
Selling, general and administrative
30
+48.5%
22
+4.6%
21
-50.4%
42
-42.4%
73
+13.5%
65
Restructuring and impairment
—
0
+100.0%
-0
-100.5%
38
—
—
Operating income
-43
-48.3%
-32
-20.4%
-27
+77.7%
-121
+31.7%
-177
-118.6%
-81
Pretax income
-33
+27.0%
8
+110.3%
-73
+37.2%
-116
+28.2%
-161
-97.6%
-82
Income tax
-3
-50860.0%
-3
-50860.0%
0
-28.6%
0
+100.2%
-4
-389300.0%
0
Net income
-30
+32.7%
10
+113.8%
-73
+37.2%
-116
+26.4%
-157
-92.8%
-82
Basic EPS
-0.69
+50.6%
0.26
+109.6%
-2.71
+39.9%
-4.51
+29.8%
-6.42
—
Diluted EPS
-0.67
+49.9%
0.24
+108.9%
-2.71
+39.9%
-4.51
+29.8%
-6.42
—
Weighted average shares, basic
43
+36.3%
39
+45.1%
27
+4.4%
26
+4.8%
24
—
Weighted average shares, diluted
45
+34.5%
42
+57.3%
27
+4.4%
26
+4.8%
24
—
Other measures
Depreciation and amortization
1
+51.3%
1
+18.1%
1
-46.9%
2
+10.3%
1
+165.3%
1
EBITDA
-41
-48.2%
-31
-20.4%
-26
+78.1%
-119
+32.0%
-176
-118.3%
-80
Margins
Gross margin
28.75%
48.72%
55.20%
17.98%
20.28%
23.80%
Operating margin
-360.67%
-617.69%
-345.79%
-1,968.04%
-1,215.17%
-1,595.88%
Pretax margin
-276.18%
142.99%
-932.60%
-1,880.67%
-1,105.24%
-1,606.05%
Profit margin
-254.75%
191.36%
-932.66%
-1,880.78%
-1,078.52%
-1,606.07%
EBITDA margin
-349.71%
-599.12%
-335.19%
-1,942.76%
-1,205.50%
-1,585.42%
Effective tax rate
—
-33.84%
—
—
—
—
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.

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Company profile

Industry
Services-Prepackaged Software (SIC 7372)
Listed as
PDYN (Nasdaq)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
Salt Lake City, UT
SEC filer status
Non-accelerated filer, Smaller reporting company, Emerging growth company
SEC CIK
1826681
Former names
Sarcos Technology & Robotics Corp (until Mar 13, 2024); Sarcos Technology & Robotics Corporation. (until Sep 24, 2021); Rotor Acquisition Corp. (until Sep 16, 2021)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.