Palladyne AI Corp. (PDYNW) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	11.8M	5.2M	7.8M	6.1M	14.6M
Cost of Revenue	8.4M	2.7M	3.5M	5.0M	11.6M
Gross Profit	3.4M	2.6M	4.3M	1.1M	3.0M
Operating Expenses
R&D Expense	15.1M	12.9M	10.4M	39.0M	34.1M
SG&A Expense	30.2M	21.9M	21.0M	42.3M	73.4M
General & Admin Expense	23.8M	17.2M	16.8M	31.5M	63.5M
Selling & Marketing Expense	6.3M	4.7M	4.1M	10.8M	9.9M
Other Expenses	829.0K	118.0K	(192.0K)	40.8M	72.4M
Total Operating Expenses	46.1M	35.0M	31.2M	122.1M	180.0M
Cost and Expenses	54.6M	37.6M	34.7M	127.1M	191.6M
Operating Income (EBIT)	(42.7M)	(32.4M)	(26.9M)	(121.0M)	(177.0M)
Non-Operating
Interest Income	1.3M	1.9M	1.2M	3.3M	1.8M
Interest Expense	—	—	—	—	—
Net Interest Income	1.3M	1.9M	1.2M	3.3M	1.8M
Other Non-Op Income/Expense	10.0M	39.9M	(45.7M)	5.4M	16.0M
Non-Operating Income (excl Interest)	(10.0M)	(39.9M)	192.0K	(37.9M)	(70.2M)
EBT (Pre-Tax Income)	(32.7M)	7.5M	(72.6M)	(115.6M)	(161.0M)
Income Tax Expense	(2.5M)	(2.5M)	5.0K	7.0K	(3.9M)
Bottom Line
Net Income	(30.2M)	10.0M	(72.6M)	(115.6M)	(157.1M)
Earnings from Cont. Ops	(30.2M)	10.0M	(72.6M)	(115.6M)	(157.1M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(30.2M)	10.0M	(72.6M)	(115.6M)	(157.1M)
Per Share
Basic EPS	($0.68)	$0.26	($2.77)	($4.51)	($6.42)
Diluted EPS	($0.68)	$0.24	($2.77)	($4.51)	($6.42)
Revenue Per Share	$0.26	$0.14	$0.29	$0.24	$0.60
Shares
Basic Shares Outstanding	46.0M	38.8M	26.8M	25.6M	24.5M
Diluted Shares Outstanding	46.0M	42.1M	26.8M	25.6M	24.5M
Profitability Metrics
EBITDA	(30.6M)	8.6M	(26.3M)	(78.6M)	(103.2M)
D&A	2.1M	1.1M	825.0K	4.4M	3.6M
EBIT	(32.7M)	7.5M	(27.1M)	(83.0M)	(106.8M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026