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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
–

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

NamePositionShares owned
Benjamin G. WolffPRESIDENT & CEO, Director7,709,487
Denis GaragicCHIEF TECHNOLOGY OFFICER990,798
Stephen SonneCHIEF LEGAL OFFICER340,690
Trevor ThatcherCHIEF FINANCIAL OFFICER319,602
Kristi MartindaleChief Commercial Officer305,829
Matthew VogtCHIEF REVENUE OFFICER166,385
Michael T. YoungDirector38,202
Eric T. OlsonDirector74,079
Stephen TwittyDirector24,848
Brian D. FinnDirector888,788
Dennis M. WeiblingDirector921,566
Matthew Shigenobu MutaDirector58,996

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

DateEventDetails
Sep 28, 2026DelistingNotice of delisting from exchange (Form 25)
Apr 9, 2024Auditor changeChange in certifying accountant (8-K Item 4.01)
Mar 13, 2024Name changeName changed from Sarcos Technology & Robotics Corp to Palladyne AI Corp.
Oct 27, 2023Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Jan 27, 2023Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Sep 30, 2021Acquisition / saleCompletion of acquisition or disposition of assets (8-K Item 2.01)
Sep 30, 2021Auditor changeChange in certifying accountant (8-K Item 4.01)
Sep 24, 2021DelistingNotice of delisting from exchange (Form 25)
Sep 24, 2021ListingRegistration of securities on an exchange (Form 8-A)
Sep 24, 2021Name changeName changed from Sarcos Technology & Robotics Corporation. to Sarcos Technology & Robotics Corp
Sep 16, 2021Name changeName changed from Rotor Acquisition Corp. to Sarcos Technology & Robotics Corporation.
Sep 9, 2021Listing noticeNotice of delisting or failure to satisfy a listing rule (8-K Item 3.01)
Aug 6, 2021Merger voteDefinitive merger proxy statement
May 18, 2021Late filingNotification of late filing
Jan 19, 2021IPOInitial public offering priced (424B4 prospectus)
Jan 14, 2021ListingRegistration of securities on an exchange (Form 8-A)