# Palladyne AI Corp.: overview

PDYN · Nasdaq · CIK 1826681 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/pdyn.md) · [Financials](/companies/pdyn/financials.md) · [Filings](/companies/pdyn/filings.md) · [Insiders](/companies/pdyn/insiders.md)

Latest reported revenue: [$5.8m](/filings/0001193125-26-336656.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 6, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-336656).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [0.9](/filings/0001193125-25-275896.md) | [0.8 d](/filings/0001193125-26-092443.md) | [1.7](/filings/0001193125-26-205042.md) | [1.0](/filings/0001193125-26-336656.md) | [0.9](/filings/0001193125-25-275896.md) | [1.7 d](/filings/0001193125-26-092443.md) | [3.5](/filings/0001193125-26-205042.md) | [5.8](/filings/0001193125-26-336656.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(838.0%)](/filings/0001193125-25-275896.md) | [(852.0%) d](/filings/0001193125-26-092443.md) | [(405.3%)](/filings/0001193125-26-205042.md) | [(797.4%)](/filings/0001193125-26-336656.md) | [(937.8%)](/filings/0001193125-25-275896.md) | [(560.7%) d](/filings/0001193125-26-092443.md) | [(336.9%)](/filings/0001193125-26-205042.md) | [(231.9%)](/filings/0001193125-26-336656.md) |
| Net margin | % | [(814.7%)](/filings/0001193125-25-275896.md) | [(6960.4%) d](/filings/0001193125-26-092443.md) | [1330.9%](/filings/0001193125-26-205042.md) | [(737.6%)](/filings/0001193125-26-336656.md) | [(434.9%)](/filings/0001193125-25-275896.md) | [(89.9%) d](/filings/0001193125-26-092443.md) | [(356.4%)](/filings/0001193125-26-205042.md) | [(213.1%)](/filings/0001193125-26-336656.md) |
| Diluted EPS | $ per share | [(0.27)](/filings/0001193125-25-275896.md) | not reported | [0.55](/filings/0001193125-26-205042.md) | [(0.20)](/filings/0001193125-26-336656.md) | [(0.09)](/filings/0001193125-25-275896.md) | not reported | [(0.28)](/filings/0001193125-26-205042.md) | [(0.27)](/filings/0001193125-26-336656.md) |
| Free cash flow | $m | [(4.5) d](/filings/0001193125-25-275896.md) | [(5.1) d](/filings/0001193125-26-092443.md) | [(7.6)](/filings/0001193125-26-205042.md) | [(5.3) d](/filings/0001193125-26-336656.md) | [(6.7) d](/filings/0001193125-25-275896.md) | [(8.7) d](/filings/0001193125-26-092443.md) | [(10.3)](/filings/0001193125-26-205042.md) | [(11.0) d](/filings/0001193125-26-336656.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [5.1](/filings/0000950170-23-008496.md) | [14.6](/filings/0000950170-24-022168.md) | [6.1](/filings/0000950170-25-024148.md) | [7.8](/filings/0001193125-26-092443.md) | [5.2](/filings/0001193125-26-092443.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [(1595.9%)](/filings/0000950170-23-008496.md) | [(1215.2%)](/filings/0000950170-24-022168.md) | [(1968.0%)](/filings/0000950170-25-024148.md) | [(345.8%)](/filings/0001193125-26-092443.md) | [(617.7%)](/filings/0001193125-26-092443.md) |
| Net margin | % | [(1606.1%)](/filings/0000950170-23-008496.md) | [(1078.5%)](/filings/0000950170-24-022168.md) | [(1880.8%)](/filings/0000950170-25-024148.md) | [(932.7%)](/filings/0001193125-26-092443.md) | [191.4%](/filings/0001193125-26-092443.md) |
| Diluted EPS | $ per share | [(0.72)](/filings/0000950170-23-008496.md) | [(6.42)](/filings/0000950170-24-022168.md) | [(4.51)](/filings/0000950170-25-024148.md) | [(2.71)](/filings/0001193125-26-092443.md) | [0.24](/filings/0001193125-26-092443.md) |
| Free cash flow | $m | [(46.8)](/filings/0000950170-23-008496.md) | [(66.9)](/filings/0000950170-24-022168.md) | [(77.4)](/filings/0000950170-25-024148.md) | [(22.9)](/filings/0001193125-26-092443.md) | [(28.4)](/filings/0001193125-26-092443.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/pdyn/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $16.8m | 2,764,973 |  | Added +553,053 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $9.2m | 1,506,873 |  | Added +116,265 |
| [RAYMOND JAMES FINANCIAL INC](/funds/720005.md) | 2026-06-30 | $7.4m | 1,209,861 |  | Added +13,983 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $5.6m | 928,526 |  | Added +146,624 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $4.3m | 708,629 |  | Added +77,449 |
| [Themes Management Co LLC](/funds/2107564.md) | 2026-06-30 | $3.2m | 520,205 |  | Added +127,946 |
| [SUSQUEHANNA INTERNATIONAL GROUP, LLP](/funds/1446194.md) | 2026-06-30 | $3.1m | 513,708 |  | Added +161,673 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $2.5m | 419,191 |  | Added +28,497 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $2.4m | 388,212 |  | Added +194,539 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $1.9m | 310,883 |  | Reduced −43,346 |

## Recent filings

[All 593 filings](/companies/pdyn/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-06 | 10:57 ET | [10-Q](/filings/0001193125-26-336656.md) | Quarterly report, period 2026-06-30 | 0001193125-26-336656 |
| 2026-08-06 | 10:47 ET | [8-K](/filings/0001193125-26-336621.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-336621 |
| 2026-07-08 | 11:04 ET | [8-K](/filings/0001193125-26-297985.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 8.01 Other events | 0001193125-26-297985 |
| 2026-06-08 | 20:48 ET | [8-K](/filings/0001193125-26-261941.md) | 3.02 Unregistered sale of equity; 5.02 Departure or appointment of officers or directors; 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-261941 |
| 2026-06-08 | 11:06 ET | [8-K](/filings/0001193125-26-260664.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-260664 |
| 2026-05-14 | 22:00 ET | [SCHEDULE 13D/A](/filings/0001594543-26-000002.md) | Ownership report, active investor, amended | 0001594543-26-000002 |
| 2026-05-05 | 11:21 ET | [10-Q](/filings/0001193125-26-205042.md) | Quarterly report, period 2026-03-31 | 0001193125-26-205042 |
| 2026-05-05 | 11:18 ET | [8-K](/filings/0001193125-26-205033.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-205033 |
| 2026-04-22 | 20:10 ET | [DEF 14A](/filings/0001193125-26-170401.md) | Proxy statement, period 2026-06-08 | 0001193125-26-170401 |
| 2026-03-05 | 11:16 ET | [10-K](/filings/0001193125-26-092443.md) | Annual report, period 2025-12-31 | 0001193125-26-092443 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-092443.md), filed Mar 5, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/cc701ce3-f528-49e7-9d1a-7961f8367f2c)

## About the filer

- CIK: 1826681
- Tickers: PDYN, PDYNW
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.