Friday 6 November 2026
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Palladyne AI Corp.
PDYN Technology Software Infrastructure
Palladyne AI Corp.’s revenue for fiscal 2025 (year ended December 2025) was $5.2 million, down 32.6% from fiscal 2024.
- Revenue
- +469.8%
- EPS
- −35.0%
- Free cash flow
- −107.0%
Quarter to June 2026, against a year earlier
3.04
0.33
+12.18%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | 9 | 5 | 15 | 6 | 8 | 5 | 12 | (9.9%) | 25 | 40 | 83 | +151.5% | |
| Gross margin, % | — | — | — | — | 36.43 | 23.80 | 20.28 | 17.98 | 55.20 | 48.72 | 28.75 | +12.3 pt | ||||||
| EBT | — | — | — | — | (21) | (82) | (161) | (116) | (73) | 8 | (33) | n/m | ||||||
| EBT margin, % | — | — | — | — | (237.43) | (1,606.05) | (1,105.24) | (1,880.67) | (932.60) | 142.99 | (276.18) | +380.4 pt | ||||||
| Net income | — | 0 | — | — | (21) | (82) | (157) | (116) | (73) | 10 | (30) | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | 0.53 | 0.27 | 0.60 | 0.24 | 0.29 | 0.14 | 0.26 | (23.9%) | |||||
| Earnings | — | — | — | — | (1.25) | (4.32) | (6.42) | (4.51) | (2.71) | 0.26 | (0.68) | n/m | ||||||
| Cash flow | — | — | — | — | (1.01) | (2.23) | (2.67) | (2.99) | (0.85) | (0.71) | (0.77) | (6.8%) | ||||||
| Capex | — | — | — | — | (0.06) | (0.25) | (0.06) | (0.03) | (0.01) | (0.02) | (0.03) | (20.2%) | ||||||
| Free cash flow | — | — | — | — | (1.07) | (2.48) | (2.73) | (3.02) | (0.85) | (0.73) | (0.80) | (7.3%) | ||||||
| Book value | — | — | — | — | 1.97 | 11.34 | 5.90 | 1.60 | (0.36) | 1.92 | 1.54 | (0.5%) | ||||||
| Shares, m | — | — | — | — | 17 | 19 | 24 | 26 | 27 | 39 | 43 | +18.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.74 | 0.00 | 2.3 | |||||
| P/S | — | — | — | — | 0.00 | 222.62 | 6.35 | 2.80 | 42.19 | 31.54 | 11.81 | 50.9 | ||||||
| P/B | — | — | — | — | 85,343.64 | 5.28 | 0.64 | 0.42 | 0.00 | 2.22 | 1.97 | 14,225.4 | ||||||
| EV/Sales | — | — | — | — | 0.00 | 180.21 | (1.38) | (3.26) | 37.29 | 22.93 | 8.27 | 39.3 | ||||||
| EV/FCF | — | — | — | — | 0.00 | (19.55) | 0.30 | 0.26 | (12.68) | (4.24) | (2.68) | (6.0) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | (17) | (42) | (65) | (77) | (23) | (28) | (35) | +10.4% | |||||
| Capex | — | — | — | — | (1) | (5) | (1) | (1) | 0 | (1) | (1) | (5.6%) | ||||||
| Free cash flow | — | — | — | — | (18) | (47) | (67) | (77) | (23) | (28) | (37) | +9.7% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | 33 | 222 | 119 | 37 | 38 | 47 | 44 | +7.4% | |||||
| Net debt | — | — | — | — | (33) | (217) | (114) | (39) | (40) | (47) | (44) | +7.6% | ||||||
| Shareholders’ equity | — | — | — | — | 33 | 214 | 144 | 41 | (10) | 75 | 71 | +17.8% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | (109.99) | (59.52) | (77.89) | (101.37) | (124.47) | 13.21 | (34.94) | +123.2 pt | |||||
| ROIC | — | — | — | — | (4,289.01) | 0.00 | (369.40) | (4,155.99) | 0.00 | (73.33) | (98.51) | +4,215.7 pt | ||||||
| ROE | — | — | — | — | (16.95) | (66.03) | (87.68) | (124.73) | (462.94) | 30.82 | (48.39) | +47.8 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | 160 | 280 | 70 | 71 | 161 | — | +0.2% | |||||
| Revenue/emp, $m | — | — | — | — | 0.00 | 0.03 | 0.05 | 0.09 | 0.11 | 0.03 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Palladyne AI Corp. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| AIBZ Bitzero Holdings Inc. | $151.7M | — (loss-making) | — | +65.54% (above 0%: growing) | n/m | −1,207.54% (below 0%: shrinking) | (16.53%) | (79.08%) | Compare |
| SANG Sangoma Technologies Corporation | $149.8M | — (loss-making) | — | −21.16% (below 0%: shrinking) | n/m | −61.34% (below 0%: shrinking) | 62.50% | (17.39%) | Compare |
| ATGL Alpha Technology Group Limited | $149.0M | — | — | — | — | — | — | — | Compare |
| SKYA SkyAI, Inc. | $148.5M | — (loss-making) | — | — | n/m | +106.15% (above 0%: growing) | 0.00% | 0.00% | Compare |
| PDYN Palladyne AI Corp. | $133.5M | — (loss-making) | — (loss-making) | +469.75% (above 0%: growing) | n/m | −106.98% (below 0%: shrinking) | 29.07% | (231.94%) | |
| TCX Tucows Inc. | $133.3M | — (loss-making) | — (loss-making) | +1.44% (above 0%: growing) | n/m | −282.15% (below 0%: shrinking) | 29.13% | 0.30% | Compare |
| ZENA ZenaTech, Inc. | $131.5M | — (loss-making) | — (loss-making) | — | n/m | −159.28% (below 0%: shrinking) | 100.00% | (234.70%) | Compare |
| EXOD Exodus Movement, Inc. | $118.4M | — (loss-making) | — (loss-making) | +1.55% (above 0%: growing) | n/m | −825.45% (below 0%: shrinking) | 100.00% | (174.61%) | Compare |
| SWMR Swarmer, Inc | $113.6M | — (loss-making) | — (loss-making) | — | n/m | −939.03% (below 0%: shrinking) | 84.84% | (3,363.96%) | Compare |
| Median of peers | $140.9M | — | — | +1.50% | — | −282.15% | 62.50% | (79.08%) |
Pay and ownership Proxy statement filed 22 April 2026
Ownership
Directors and executive officers, together
13.40%
Benjamin G. Wolff
7.30%
BlackRock Portfolio Management LLC
6.40%
Kerber William Xavier III
5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement