Palladyne AI Corp.
Close on Oct 19, 2026
- Market cap
- $172.45M
- P/E (TTM)
- –
- Dividend yield
- –
About Palladyne AI
Services-Prepackaged Software, SIC 7372
Palladyne AI Corp. develops embodied artificial intelligence software, collaborative autonomy solutions, advanced avionics, and unmanned aerial vehicles. The company organizes its business into two primary segments: Defense and Public Safety, and Commercial and Industrial. Its software products include Palladyne IQ, an edge-native autonomy platform designed for industrial robots and collaborative robots, along with SwarmOS and Palladyne Pilot for autonomous drone coordination. The enterprise also manufactures avionics computers, develops drone munitions platforms, and delivers aerospace engineering design and precision machining services. Customers include U.S. government entities, prime defense contractors, and commercial and industrial enterprises across manufacturing, warehousing, and logistics.
Palladyne AI operates as a U.S.-based entity, conducting domestic precision manufacturing, component fabrication, and engineering development. Its commercial and marketing focus centers predominantly on the United States, alongside exploratory initiatives in select international markets. The provided text does not mention the location of its corporate headquarters or the specific number of physical facilities.
Summary of the business section of Palladyne AI's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Palladyne AI Corp.
- Headquarters
- Salt Lake City, UT
- Address
- 650 South 500 West 84101
- Phone
- (888) 927-7296
- Employees
- 161, Dec 31, 2025
- Industry
- Services-Prepackaged Software
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, Salt Lake City, Utah
Stock & identifiers
- Ticker
- PDYN
- Exchange
- Nasdaq
- IPO date
- Jan 19, 2021
- Shares outstanding
- 49M, Jul 29, 2026
- Public float
- $315.50M, Jun 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company
- Stock splits
- 1-for-6 reverse, Aug 9, 2023; 1-for-6 reverse, Jul 6, 2023; 23-for-4, Nov 9, 2021
- SEC CIK
- 1826681
- CUSIP
- 80359A205
- ISIN
- US80359A2050
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Benjamin G. Wolff | PRESIDENT & CEO, Director | 7,709,487 |
| Denis Garagic | CHIEF TECHNOLOGY OFFICER | 990,798 |
| Stephen Sonne | CHIEF LEGAL OFFICER | 340,690 |
| Trevor Thatcher | CHIEF FINANCIAL OFFICER | 319,602 |
| Kristi Martindale | Chief Commercial Officer | 305,829 |
| Matthew Vogt | CHIEF REVENUE OFFICER | 166,385 |
| Michael T. Young | Director | 38,202 |
| Eric T. Olson | Director | 74,079 |
| Stephen Twitty | Director | 24,848 |
| Brian D. Finn | Director | 888,788 |
| Dennis M. Weibling | Director | 921,566 |
| Matthew Shigenobu Muta | Director | 58,996 |
Employees
Headcount reported in annual reports
“As of February 3, 2026, we had approximately 161 full-time and part-time employees, with approximately 61 located in our Salt Lake City, Utah office 44 in our Michigan facilities.”
Corporate history
Events identified from SEC filings