Palladyne AI Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	19.54	5.25	7.79	6.15	14.57	5.08
Revenue Growth	349.59%	-32.62%	26.68%	-57.82%	187.07%	-42.42%
Cost of Revenue	12.77	2.69	3.49	5.04	11.61	3.87
Gross Profit	6.77	2.56	4.3	1.11	2.96	1.21
Selling, General & Admin	37.64	21.94	20.98	42.28	73.43	64.68
Research & Development	15.98	12.9	10.44	39.01	34.14	17.52
Amortization of Goodwill & Intangibles	1.18	0.12	-	2.82	2.18	-
Operating Expenses	54.8	34.96	31.41	84.12	109.76	82.2
Operating Income	-48.03	-32.4	-27.12	-83.01	-106.8	-80.99
Interest Expense	-	-	-	-	-	-0.03
Interest & Investment Income	1.34	1.94	1.24	3.29	1.83	-
Other Non Operating Income (Expenses)	5.71	37.96	-46.93	2.08	14.19	-4.88
EBT Excluding Unusual Items	-40.98	7.5	-72.8	-77.64	-90.79	-85.9
Merger & Restructuring Charges	-	-	-	-37.95	-	-
Impairment of Goodwill	-	-	-	-	-70.24	-
Asset Writedown	-	-	0.19	-	-	-
Other Unusual Items	-	-	-	-	-	4.39
Pretax Income	-40.98	7.5	-72.61	-115.59	-161.02	-81.51
Income Tax Expense	-2.54	-2.54	0.01	0.01	-3.89	0
Net Income	-38.44	10.04	-72.62	-115.59	-157.13	-81.51
Net Income to Common	-38.44	10.04	-72.62	-115.59	-157.13	-81.51
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	45	39	27	26	24	19
Shares Outstanding (Diluted)	45	42	27	26	24	19
Shares Change	28.01%	57.33%	4.43%	4.76%	29.73%	13.05%
EPS (Basic)	-0.85	0.26	-2.71	-4.51	-6.42	-4.32
EPS (Diluted)	-0.85	0.24	-2.71	-4.51	-6.42	-4.32
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Free Cash Flow	-38.75	-28.35	-22.89	-77.4	-66.89	-46.79
Free Cash Flow Per Share	-0.85	-0.67	-0.85	-3.02	-2.73	-2.48
Gross Margin	34.66%	48.72%	55.20%	17.98%	20.28%	23.80%
Operating Margin	-245.82%	-617.69%	-348.25%	-1350.63%	-733.08%	-1595.88%
Profit Margin	-196.73%	191.37%	-932.66%	-1880.78%	-1078.52%	-1606.07%
Free Cash Flow Margin	-198.33%	-540.41%	-294.01%	-1259.39%	-459.12%	-921.99%
EBITDA	-45.32	-31.31	-26.29	-78.64	-104.49	-80.46
EBITDA Margin	-231.96%	-	-	-	-	-
D&A For EBITDA	2.71	1.09	0.83	4.38	2.31	0.53
EBIT	-48.03	-32.4	-27.12	-83.01	-106.8	-80.99
EBIT Margin	-245.82%	-	-	-	-	-

SEC Filings: 10-K · 10-Q