Palladyne AI Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	27.36	31.19	23.14	35.16	217.11	33.66
Short-Term Investments	29.79	8.88	15.95	79.34	-	-
Cash & Short-Term Investments	57.15	40.07	39.09	114.5	217.11	33.66
Cash Growth	167.94%	2.52%	-65.86%	-47.27%	544.94%	266.11%
Receivables	2.15	1.31	2.59	6.09	1.1	1.36
Inventory	0.08	0.07	1.07	3.56	1.01	0.71
Prepaid Expenses	0.73	0.63	1.3	3.76	4.96	0.31
Other Current Assets	0.42	0.65	1.03	1.19	4.15	0.29
Total Current Assets	60.51	42.73	45.06	129.1	228.33	36.33
Property, Plant & Equipment	12.09	13.09	14.93	18.92	7.05	1.43
Other Intangible Assets	-	-	-	19.12	-	-
Long-Term Accounts Receivable	-	-	0	0.01	0.04	0.09
Other Long-Term Assets	0.33	0.44	0.43	0.48	0.41	0.2
Total Assets	72.93	56.25	60.43	167.63	235.82	38.05
Accounts Payable	0.57	0.44	1.29	3.62	1.68	0.97
Accrued Expenses	2.43	2.67	5.22	6.03	3.44	1.26
Current Portion of Long-Term Debt	-	-	-	-	-	1.33
Current Portion of Leases	0.98	1.08	1.36	0.89	-	-
Current Unearned Revenue	0.5	0.25	0.08	-	-	-
Other Current Liabilities	-	-	0.51	-	1.04	-
Total Current Liabilities	4.46	4.43	8.46	10.53	6.16	3.56
Long-Term Debt	-	-	-	-	-	1.07
Long-Term Leases	9.22	9.96	11.04	12.39	0.01	0.24
Other Long-Term Liabilities	7.4	51.4	0.03	0.25	15.69	0.29
Total Liabilities	21.08	65.79	19.52	23.18	21.86	5.15
Common Stock	0	0	0	0	0.01	0.01
Additional Paid-In Capital	531.13	481.29	459.11	447.09	359.44	96.88
Retained Earnings	-479.3	-490.83	-418.21	-302.62	-145.49	-63.98
Comprehensive Income & Other	0.01	0.01	0	-0.02	-	-
Total Common Equity	51.85	-9.53	40.91	144.45	213.96	32.91
Minority Interest	-	-	-	-	-	-0
Shareholders' Equity	51.85	-9.53	40.91	144.45	213.96	32.9
Total Liabilities & Equity	72.93	56.25	60.43	167.63	235.82	38.05
Total Debt	10.19	11.04	12.4	13.28	0.01	2.63
Net Cash (Debt)	46.95	29.04	26.69	101.22	217.11	31.03
Net Cash Growth	372.41%	8.79%	-73.63%	-53.38%	599.67%	237.47%
Net Cash Per Share	1.32	1.08	1.04	4.14	11.51	1.86
Filing Date Shares Outstanding	42.04	35.22	25.88	25.72	23.82	8.17
Total Common Shares Outstanding	42.04	33.88	25.88	25.71	22.95	8.17
Working Capital	56.05	38.3	36.61	118.57	222.17	32.78
Book Value Per Share	1.23	-0.28	1.58	5.62	9.32	4.03
Tangible Book Value	51.85	-9.53	40.91	125.33	213.96	32.91
Tangible Book Value Per Share	1.23	-0.28	1.58	4.88	9.32	4.03
Machinery	3.62	3.33	4.59	5.16	2.9	1.23
Construction In Progress	0.18	-	-	-	0.87	0.14
Leasehold Improvements	3.93	3.93	4.46	4.44	3.89	0.15
Order Backlog	-	3	-	-	-	-

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q