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 Statements of Operations
(in thousands, except share and per share data)
| | Year Ended December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Revenue, net | $5,246 | $7,786 |
| Operating expenses: | ||
| Cost of revenue (exclusive of items shown separately below) | 2,690 | 3,488 |
| Research and development | 12,899 | 10,437 |
| General and administrative | 17,199 | 16,842 |
| Sales and marketing | 4,744 | 4,134 |
| Intangible amortization expense | 118 | — |
| Asset write-down and restructuring | — | (192) |
| Total operating expenses | 37,650 | 34,709 |
| Loss from operations | (32,404) | (26,923) |
| Interest income, net | 1,944 | 1,244 |
| Gain (loss) on warrant liabilities | 37,740 | (46,935) |
| Other income, net | 221 | 2 |
| Income (loss) before income tax expense | 7,501 | (72,612) |
| Income tax benefit (expense) | 2,538 | (5) |
| Net income (loss) | $10,039 | $(72,617) |
| Net income (loss) per share | ||
| Basic | $0.26 | $(2.71) |
| Diluted | $0.24 | $(2.71) |
| Weighted-average shares used in computing net income (loss) per share | ||
| Basic | 38,841,116 | 26,774,895 |
| Diluted | 42,125,932 | 26,774,895 |
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