Palladyne AI Corp.

For the period ended Sep 30, 2025. Filed Nov 12, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 12, 2025

PDYN$3.57+0.8%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except share and per share data)

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Revenue, net	$860	$871	$3,585	$7,025
Operating expenses:
Cost of revenue (exclusive of items shown separately below)	461	479	1,288	2,934
Research and development	3,146	2,582	9,141	7,825
General and administrative	4,138	3,965	12,516	13,381
Sales and marketing	1,180	1,331	3,730	3,516
Asset write-down and restructuring	—	(187)	—	(192)
Total operating expenses	8,925	8,170	26,675	27,464
Loss from operations	(8,065)	(7,299)	(23,090)	(20,439)
Interest income, net	566	249	1,512	967
Gain (loss) on warrant liabilities	3,759	(43)	33,110	(175)
Other income, net	—	—	—	2
(Loss) income before income tax expense	(3,740)	(7,093)	11,532	(19,645)
Income tax expense	—	(3)	—	(3)
Net (loss) income	$(3,740)	$(7,096)	$11,532	$(19,648)
Net (loss) income per share
Basic	$(0.09)	$(0.27)	$0.31	$(0.76)
Diluted	$(0.09)	$(0.27)	$0.29	$(0.76)
Weighted-average shares used in computing net income (loss) per share
Basic	40,486,615	26,177,413	37,665,540	26,018,708
Diluted	40,486,615	26,177,413	40,161,248	26,018,708

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.