Palladyne AI Corp AI Stock Analysis
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Palladyne AI Corp (PDYN) AI Stock Analysis
Palladyne AI Corp
(NASDAQ:PDYN)
The score is held down primarily by persistent losses and significant negative free cash flow, alongside bearish technicals (below major moving averages with negative MACD). Partially offsetting these risks are strong revenue momentum and a constructive earnings-call outlook with raised revenue guidance and improving gross margin, while valuation remains difficult to assess positively due to negative earnings and no dividend.
Palladyne AI Corp (PDYN) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $166.47M
- Dividend Yield
- ―
- Average Volume (3M)
- 949.79K
- Price to Earnings (P/E)
- -3.9
- Beta (1Y)
- 3.46
- Revenue Growth
- 349.59%
- EPS Growth
- 48.15%
- Country
- US
- Employees
- 161
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Software - Infrastructure
Palladyne AI Corp Business Overview & Revenue Model
Company Description
Palladyne AI Corp. is a software enterprise dedicated to advancing the capabilities and operational effectiveness of third-party robotic systems, both fixed and mobile, within the United States. At its core, the company leverages advanced Artificial...
Palladyne AI Corp Earnings Call Summary
The call had strongly positive operational and commercial momentum, highlighted by record revenue, 895% year-over-year growth, raised revenue guidance, 44% gross margin, top Army ratings for SwarmOS, record BRAIN shipments, expanding partnerships, and backlog 35% above year-end. The principal negatives were widening losses, elevated cash burn expected to be at or slightly above the high end of guidance, a 24% sequential backlog decline, and uncertainty around defense budgets, procurement timing, and the conversion of early-stage opportunities into revenue. Overall, the positive achievements and outlook outweighed the stated challenges.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Palladyne AI raised the bottom of its full year 2026 revenue guidance to $25 million and reiterated the top end of $27 million, representing roughly 377% to 415% growth over 2025 revenue of $5.2 million; it expects organic growth across each part of the company, full year operating cash burn to come in at or slightly above the high end of its $32 million to $36 million range, and Q4 operating cash burns to be below the year-to-date quarterly average through increased revenue and gross margin performance compared to the first half of the year. The company continues to expect the majority of its current backlog to convert to revenue over the next 12 to 18 months and expects its 2026 growth to extend into 2027.
Palladyne AI Corp Financial Statement Overview
Summary
Top-line momentum is strong (TTM revenue growth +65% and improving gross margin), and leverage is manageable (debt-to-equity ~0.15). However, the core constraint is continued unprofitability (TTM net loss -$38.4M) alongside heavy cash burn (TTM operating cash flow -$36.7M; free cash flow -$38.8M), which pressures sustainability without ongoing funding.
Income Statement
38NegativeBalance Sheet
62PositiveCash Flow
30Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 19.54M | 5.25M | 7.79M | 6.15M | 14.57M | 5.08M |
| Gross Profit | 6.77M | 2.56M | 4.30M | 1.10M | 2.96M | 1.21M |
| EBITDA | -39.07M | 8.59M | -26.29M | -78.64M | -103.21M | -80.94M |
| Net Income | -38.44M | 10.04M | -72.62M | -115.59M | -157.13M | -81.51M |
Balance Sheet | ||||||
| Total Assets | 98.42M | 95.71M | 56.25M | 60.43M | 167.63M | 235.82M |
| Cash, Cash Equivalents and Short-Term Investments | 46.96M | 47.05M | 40.07M | 39.09M | 114.50M | 217.11M |
| Total Debt | 10.27M | 10.78M | 11.04M | 12.40M | 13.28M | 7,000 |
| Total Liabilities | 22.97M | 21.04M | 65.79M | 19.52M | 23.18M | 21.86M |
| Stockholders Equity | 75.44M | 74.67M | -9.53M | 40.91M | 144.45M | 213.96M |
Cash Flow | ||||||
| Free Cash Flow | -38.75M | -28.35M | -22.89M | -77.40M | -66.89M | -46.79M |
| Operating Cash Flow | -36.68M | -27.64M | -22.63M | -76.62M | -65.39M | -42.10M |
| Investing Cash Flow | 3.62M | -24.58M | 6.88M | 64.68M | -109.05M | -4.89M |
| Financing Cash Flow | 32.88M | 39.25M | 23.80M | -82.00K | -7.52M | 230.44M |
Palladyne AI Corp Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PDYN, the sentiment is Negative. The current price of 3.24 is below the 20-day moving average (MA) of 3.52, below the 50-day MA of 4.61, and below the 200-day MA of 5.96, indicating a bearish trend. The MACD of -0.38 indicates Negative momentum. The RSI at 37.76 is Neutral, neither overbought nor oversold. The STOCH value of 48.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PDYN.
Palladyne AI Corp Risk Analysis
Palladyne AI Corp disclosed 67 risk factors in its most recent earnings report. Palladyne AI Corp reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksPalladyne AI Corp Peers Comparison
Overall Rating
AI51.7Neutral
BBAI47Neutral
GRRR45Neutral- PDYN43Neutral
ZENA42Neutral
VERI38Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| AI | 52Neutral | $1.96B | -3.92 | -62.87% | ― | -37.55% | -18.96% |
| BBAI | 47Neutral | $1.11B | -5.70 | -25.25% | ― | -1.48% | 72.66% |
| GRRR | 45Neutral | $230.83M | -3.84 | -26.83% | ― | ― | ― |
| PDYN | 43Neutral | $177.78M | -3.90 | -52.86% | ― | 349.59% | 48.15% |
| ZENA | 42Neutral | $136.91M | -0.44 | -118.17% | ― | 530.37% | -198.37% |
| VERI | 38Underperform | $58.07M | -0.36 | -249.64% | ― | -1.81% | 46.29% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| PDYN | Palladyne Ai Corp. | 3.24 | -2.70 | -45.45% | |
| VERI | Veritone | 0.49 | -3.81 | -88.60% | |
| AI | C3.Ai, Inc. | 12.07 | -2.00 | -14.21% | |
| BBAI | Bigbear.Ai Holdings, Inc. | 2.07 | -3.99 | -65.84% | |
| GRRR | Gorilla Technology Group Inc. | 7.20 | -5.74 | -44.36% | |
| ZENA | ZenaTech, Inc. | 0.63 | -2.92 | -82.37% |
Palladyne AI Corp Corporate Events
Palladyne AI Reports Record Third-Quarter Revenue Growth
PositiveOn Nov. 10, 2026, Palladyne AI reported third-quarter revenue of $8.6 million, up 895% year over year and 48% sequentially, while government-contract revenue rose 135% quarter over quarter and components revenue rose 26%. Backlog was $18.7 million at...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 10, 2026