Palladyne AI Corp. (PDYN) Stock

Palladyne AI Corp. (PDYN) is a Technology stock trading at $6.13 (as of 2026-08-21), with a market capitalization of $302.69M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Palladyne AI Corp. develops software that improves the capabilities of third-party stationary and mobile robotic systems, using AI/ML technology to help robots perceive, learn, reason, and adapt in structured and unstructured environments. Its offerings include Palladyne IQ for industrial robots and cobots and Palladyne Pilot for unmanned platforms to support persistent object detection and tracking, serving customers in industrial manufacturing and defense.

Understand Palladyne AI Corp.: how it makes money

Palladyne AI builds AI and machine learning software that makes third-party stationary and mobile robots more capable at observing, learning, reasoning, and adapting in structured and unstructured environments, and it monetizes that technology through software-related delivery tied to its contracted obligations.

The core profit model is converting contracted software work (captured by Remaining Performance Obligations) into delivered capability for third-party robots, where scaling depends on throughput, fulfillment, and continued product shipments.

Business quality (Weak): The latest reported quarter shows 0.0B revenue and a very negative operating margin (-336.9%), while gross margin is 30.1%, suggesting revenue generation and cost control are the key near-term questions.

Bull case

  • Software foundation for more capable robots: Its AI/ML foundational technology is designed to let robots observe, learn, reason, and act, and to perceive their environment and adapt by generalizing from experience in dynamic real time operations.
  • Visible forward contract indicator and some shipment activity: Remaining Performance Obligations is reported at 0.02B, and Sapient Products Shipped is reported at 650 (counts), indicating there is contracted work and product movement.

Bear case

  • No reported revenue in the latest period: For the quarter ended 2026-03-31, revenue_b is 0.0B, which makes it difficult to validate the revenue capture pace from its software offerings.
  • Operating losses are very large: Operating margin is -336.9% for the latest reported period, indicating substantial operating expense relative to revenue.
  • Underutilization risk suggested by capacity metrics: Manufacturing Capacity Utilization is reported at 30.0%, versus Production Capacity of 100000 (count), which can imply inefficiency if demand does not scale.
Valuation — source: SEC EDGAR (first-party)
Price$6.13
Market Cap$302.69M
Price / Book4.27
Price / Sales22.06
FCF Yield-20.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$5.25M
Net Margin191.4%
Revenue Growth (YoY)-32.6%
EPS Growth (YoY)-109.6%
FCF Growth (YoY)23.8%
Financial Health — source: SEC EDGAR
Altman Z-Score0.63 (distress)
Valuation vs Sector & Industry
Sector P/E (Technology)34.0
Industry P/E (Business Services)30.2
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($13.43M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOBenjamin G. Wolff
Employees71
CountryUS
IPO Date2021-09-27

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PDYN earnings history · PDYN institutional & insider holders · PDYN KPIs & operating metrics · PDYN financials · PDYN investor presentations & press releases · PDYN SEC filings · PDYN peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.