PDYN on Nasdaq

Palladyne AI Corp.

American prepackaged software services company based in Salt Lake City.

Price unavailable

Last updated Oct 18, 2026.

Overview

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  • TickerPDYN on Nasdaq
  • IndustryServices-Prepackaged Software
  • HeadquartersDE
  • Incorporated inDE2
  • Business address650 South 500 West, Salt Lake City, Ut 841012
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-617.7%Operating margin3
191.4%Net margin3
-32.6%Revenue growth, 20253
13.4%Return on equity3
-$28.4MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Services Revenue brought in 89% of the revenue Palladyne AI Corp. broke down this way in fiscal 2025.

  1. Services Revenue$4.7M389%down 9% from 2024
  2. Manufacturing Revenue$559.0K311%
  3. Product Revenue$3.0K30%down 100% from 2024
Products and services by year
Products and services20242025
Services Revenue$5.1M$4.7M
Manufacturing Revenue$559.0K
Product Revenue$2.7M$3.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue10¢$2.7M
  • Research and development46¢$12.9M
  • Income tax9¢$2.5M
  • Profit36¢$10.0M

Out of $5.2M in revenue.3

Financial statements

Revenue45673$5.2M in 2025−40% since 2020
0$5.0M$10.0M$15.0M2020: $8.8M$8.8M20202021: $5.1M$5.1M2021−42%2022: $14.6M$14.6M2022+187%2023: $6.1M$6.1M2023−58%2024: $7.8M$7.8M2024+27%2025: $5.2M$5.2M2025−33%
Operating income45673-$32.4M in 2025+54% since 2020
-$200.0M-$150.0M-$100.0M-$50.0M02020: -$21.0M-$21.0M20202021: -$81.0M-$81.0M2021+286%2022: -$177.0M-$177.0M2022+119%2023: -$121.0M-$121.0M2023−32%2024: -$26.9M-$26.9M2024−78%2025: -$32.4M-$32.4M2025+20%
Net income45673$10.0M in 2025
-$200.0M-$150.0M-$100.0M-$50.0M0$50.0M2020: -$20.9M-$20.9M20202021: -$81.5M-$81.5M2021+290%2022: -$157.1M-$157.1M2022+93%2023: -$115.6M-$115.6M2023−26%2024: -$72.6M-$72.6M2024−37%2025: $10.0M$10.0M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.3

Period ending2025-12-312024-12-31
Revenue, net$5.2M$7.8M
Cost of revenue (exclusive of items shown separately below)$2.7M$3.5M
Research and development$12.9M$10.4M
General and administrative$17.2M$16.8M
Sales and marketing$4.7M$4.1M
Intangible amortization expense$118.0K$0
Asset write-down and restructuring$0-$192.0K
Goodwill impairment$0$0
Total operating expenses$37.6M$34.7M
Loss from operations-$32.4M-$26.9M
Interest income, net$1.9M$1.2M
Gain (loss) on warrant liabilities$37.7M-$46.9M
Other income, net$221.0K$2.0K
Income (loss) before income tax expense$7.5M-$72.6M
Income tax benefit (expense)$2.5M-$5.0K
Net income (loss)$10.0M-$72.6M
Basic net income (loss) per share$0.26-$2.71
Diluted net income (loss) per share$0.24-$2.71
Weighted average shares outstanding, Basic38.8M shares26.8M shares
Weighted average shares outstanding, Diluted42.1M shares26.8M shares

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Leadership

Who has led Palladyne AI Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Brian D. Finn2021–2022
  2. Benjamin G. Wolff2021
  3. Kiva A. Allgood2021–2023
  4. Laura J. Peterson2023

Chair

  1. Benjamin G. Wolff2021–2022

President

  1. Benjamin G. Wolff2021
  2. Kiva A. Allgood2021–2023
  3. Laura J. Peterson2023

Chief financial officer

  1. Amy Huntington Salerno2021
  2. Andrew Hamer2022–2024
  3. Trevor Thatcher2024–now

Chief operating officer

  1. Marian Joh2021
  2. Jorgen Pedersen2022–2023
2025
Board members and other officers (19)

Former names

  • Sarcos Technology & Robotics CorpSep 24, 2021 to Mar 13, 20242
  • Sarcos Technology & Robotics Corporation.Sep 24, 2021 to Sep 24, 20212
  • Rotor Acquisition Corp.Oct 5, 2020 to Sep 16, 20212

Timeline

  1. Jun 15, 2023New chief executive Laura J. Peterson becomes CEO10
  2. Dec 14, 2021New chief executive Kiva A. Allgood becomes CEO13
  3. Sep 24, 2021New chief executive Benjamin G. Wolff becomes CEO12
  4. Jan 14, 2021New chief executive Brian D. Finn becomes CEO11

Filings

513 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 69 major events, 255 insider forms, 37 large holders, 2 private raises, 128 other. The latest 20:

  1. Oct 5, 2026SCHEDULE 13G/A EDGAR
  2. Sep 28, 202625-NSE EDGAR
  3. Sep 8, 20264 EDGAR
  4. Aug 21, 20264 EDGAR
  5. Aug 21, 2026144 EDGAR
  6. Aug 21, 20264 EDGAR
  7. Aug 21, 2026144 EDGAR
  8. Aug 21, 20264 EDGAR
  9. Aug 21, 2026144 EDGAR
  10. Aug 6, 202610-Q EDGAR
  11. Aug 6, 20268-K EDGAR
  12. Jul 29, 2026SCHEDULE 13G EDGAR
  13. Jul 8, 20268-K EDGAR
  14. Jun 8, 20264 EDGAR
  15. Jun 8, 20264 EDGAR
  16. Jun 8, 20264 EDGAR
  17. Jun 8, 20264 EDGAR
  18. Jun 8, 20264 EDGAR
  19. Jun 8, 20264 EDGAR
  20. Jun 8, 20264 EDGAR

The 513 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 37 such filings since October 2021, the latest 10:

  1. Oct 5, 2026SCHEDULE 13G/A
  2. Jul 29, 2026SCHEDULE 13G
  3. May 14, 2026SCHEDULE 13D/A
  4. Jan 21, 2026SCHEDULE 13G/A
  5. Jun 13, 2025SCHEDULE 13D/A
  6. Apr 15, 2025SCHEDULE 13G
  7. Feb 12, 2025SCHEDULE 13G/A
  8. Jan 2, 2025SCHEDULE 13D/A
  9. Dec 31, 2024SCHEDULE 13D/A
  10. Dec 31, 2024SCHEDULE 13D/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Oct 31, 2024Raised $6.9 million in a private offering of equity Form D: 4 investors so far Form D
  2. Apr 25, 2022Raised $53.9 million in a private offering of equity Form D: 26 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.2,764,973$16.8M0.0%+553,053
Vanguard Capital Management LLC1,506,873$9.2M0.0%+116,265
Raymond James Financial Inc1,209,861$7.4M0.0%+13,983
Geode Capital Management, LLC928,526$5.6M0.0%+146,624
State Street Corp708,629$4.3M0.0%+77,449
Themes Management Co LLC520,205$3.2M2.1%+127,946
Susquehanna International Group, Llp513,708$3.1M0.0%+161,673
UBS Group AG419,191$2.5M0.0%+28,497
Morgan Stanley388,212$2.4M0.0%+194,539
Millennium Management LLC310,883$1.9M0.0%−43,346
Northern Trust Corp285,951$1.7M0.0%+49,900
Marshall Wace, Llp281,789$1.7M0.0%+186,537
Vanguard Portfolio Management LLC244,002$1.5M0.0%+69,474
Vanguard Fiduciary Trust Co240,725$1.5M0.0%+18,727
AlphaCentric Advisors LLC100,000$608.0K0.5%No change
Charles Schwab Investment Management Inc97,821$594.8K0.0%+14,780
Citadel Advisors LLC92,477$562.3K0.0%+74,045
Bank of New York Mellon Corp84,406$513.2K0.0%+8,498
Adage Capital Partners Gp, L.l.c.83,333$506.7K0.0%No change
Royal Bank Of Canada79,733$485.0K0.0%−11,092
Nuveen, LLC73,915$449.4K0.0%+22,924
Arkadios Wealth Advisors60,300$366.6K0.0%−1,521
Alliancebernstein L.P.58,200$353.3K0.0%New
LPL Financial LLC54,477$331.2K0.0%+31,562
Envestnet Asset Management Inc53,877$327.6K0.0%+2,358

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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