Palladyne AI Corp.
For the period ended Dec 31, 2025. Filed Mar 5, 2026.
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FY2025 · Filed Mar 5, 2026
PDYN$3.54+17.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(in thousands, except share data)
| As of | ||
|---|---|---|
| December 31, 2025 | December 31, 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $18,219 | $31,188 |
| Marketable securities | 28,836 | 8,883 |
| Accounts receivable, net of allowance for credit losses of $0.0 million and $0.3 million at December 31, 2025 and 2024, respectively | 1,055 | 134 |
| Unbilled receivables | 2,455 | 1,179 |
| Inventories | 339 | 71 |
| Prepaid expenses and other current assets | 1,653 | 1,275 |
| Total current assets | 52,557 | 42,730 |
| Property and equipment, net | 8,889 | 4,244 |
| Intangible assets, net | 10,430 | — |
| Goodwill | 14,731 | — |
| Operating lease assets | 8,645 | 8,841 |
| Other non-current assets | 460 | 438 |
| Total assets | $95,712 | $56,253 |
| Liabilities and stockholders’ equity (deficit) | ||
| Current liabilities: | ||
| Accounts payable | $1,058 | $435 |
| Accrued liabilities | 3,550 | 2,919 |
| Current operating lease liabilities | 1,058 | 1,079 |
| Total current liabilities | 5,666 | 4,433 |
| Warrant liabilities | 2,772 | 51,396 |
| Operating lease liabilities | 9,725 | 9,957 |
| Other non-current liabilities | 2,874 | — |
| Total liabilities | 21,037 | 65,786 |
| Commitments and contingencies (Note 13) | ||
| Stockholders’ equity (deficit): | ||
| Common stock, $0.0001 par value, 165,000,000 shares authorized as of December 31, 2025 and December 31, 2024; 46,117,164 and 33,883,894 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively | 5 | 3 |
| Additional paid-in capital | 555,451 | 481,289 |
| Accumulated other comprehensive income | 11 | 6 |
| Accumulated deficit | (480,792) | (490,831) |
| Total stockholders’ equity (deficit) | 74,675 | (9,533) |
| Total liabilities and stockholders’ equity (deficit) | $95,712 | $56,253 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.