PDYNNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Palladyne AI Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$3.75−0.04 (-1.06%)
Close on Oct 19, 2026
- Market cap
- $172.45M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2019 to 2025
Gross margin
48.7%+12.3 pts over 5 years
Operating margin
-617.7%−379.4 pts over 5 years
Net margin
191.4%+428.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -32.6% | -28.9% | -9.9% | – | |
| Gross profit | -40.5% | -4.7% | -4.5% | – |
Returns and balance sheet
7 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2019 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 30.8% | |
| Return on assets | – | – | 13.2% | |
| Current ratio | – | 10.22 | 9.28 | |
| Inventory turnover | – | – | 13.1× | |
| Capex to revenue | – | 10.8% | 13.6% | |
| Diluted shares | – | 17M | 42M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Palladyne AI generated $234.38M from operations and spent $7.95M on capital expenditure, dividends and share buybacks. 100% of that went back into the business.
Generated
$234.38M
Used
$7.95M
Capital expenditure$7.95M100%Dividends$00%Share buybacks$00%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin191.4%
×Asset turnover0.07×
×Equity multiplier2.33×
=Return on equity, FY202530.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 191.4% | 0.07× | 2.33× | 30.8% |
| FY2024 | -932.7% | 0.13× | 3.72× | -462.9% |
| FY2023 | -1880.8% | 0.05× | 1.23× | -124.7% |
| FY2022 | -1078.5% | 0.07× | 1.13× | -87.7% |
| FY2021 | -1606.1% | 0.04× | 1.11× | -66.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
2of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$10.04M
- Cash generatingOperating cash flow above zero-$27.64M
- Return on assets improvedROA up on the prior year-120.2% → 17.8%
- Earnings backed by cashOperating cash flow above net income-$27.64M vs $10.04M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose9.64 → 9.28
- No dilutionShare count did not rise27M → 42M
- Gross margin improvedGross margin up on the prior year55.20% → 48.72%
- More efficientAsset turnover rose0.13 → 0.09