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Palladyne AI Corp. (PDYN)

Nasdaq: PDYN · Services-Prepackaged Software · Salt Lake City, UT · filing with the SEC since 2020
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Grade3.3
◀ Past 1.9● Present 3.8▶ Future 3.8
1 est.
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The grade of Palladyne AI Corp.

Nine metrics read from its own filings, by tense
Headline grade
3.3/10
◀ Past1.925% of the headline
● Present3.835% of the headline
▶ Future3.840% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.9/1025% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
1.9/10

Has it survived what it has been through?

6 warning events since 2020; the latest 2024-04-09.

weight 22% of this tense · 19th percentile among 230 sector filers · read for itself

From the record

Palladyne AI Corp.'s filings since 2020 show 6 warning events of 3 kinds: a notice about its exchange listing (8-K item 3.01, 3 times, the latest 2023-10-27); an auditor change (8-K item 4.01, 2 times, the latest 2024-04-09); a late-report notice (Form NT 10-K or NT 10-Q, the latest 2021-05-18) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
1.6/10

What has it actually done, year after year?

-9.9% a year over 6 filed years; profitable in 1 of 6.

weight 45% of this tense · 16th percentile among 213 sector filers · read for its customers

From the record

Palladyne AI Corp.'s 6 filed years say what it did: revenue went from $9 million in fiscal 2020 to $5 million in fiscal 2025, down 9.9% a year; it rose in 2 of 5 years; the deepest fall was 64% from fiscal 2022 to fiscal 2025; net income was positive in 1 of 6 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-9.9%bottom 4% of its family
  • the share of years revenue rosebottom 11% of its family
  • the share of filed years with a profitbottom 43% of its family
  • the deepest fall from a revenue peak64.0%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
2.3/10

How has it treated the people who own it?

SI estimate 2.3/10, confidence 35 of 100 (one part).

weight 33% of this tense · 23rd percentile among 216 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the bottom 23% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 216 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Palladyne AI Corp.'s shareholder treatment is put at 2.3 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 23% of 216 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

3.8/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
4.4/10

Is it financially healthy right now?

ROE 13%: 13¢ of profit per shareholder dollar. Leverage 22%: owes 22¢ per asset dollar.

weight 45% of this tense · 44th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Palladyne AI Corp. earned about 13 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 3 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 22 cents per dollar of assets, and net share issuance: its share count grew 57.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 18% of its family
  • return on equitytop 24% of its family
  • gross profit against assetsbottom 5% of its family
  • the share count against the year beforebottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.7/10

How strong is its position in its industry?

bottom 37% of 218 in its family; net margin 191.4%.

weight 33% of this tense · 37th percentile among 218 sector filers · read for its customers

From the record

Palladyne AI Corp.'s standing among 218 graded names in its industry family: revenue of $5 million in fiscal 2025 ranks in the bottom 9% by size; a net margin of 191.4% ranks in the top 2%; revenue growth of -28.9% a year over the last 3 filed years ranks in the bottom 3% (its annual reports).

What it rests on

  • revenue against the family$5.2Mbottom 9% of its family
  • net margin191.4%top 2% of its family
  • three-year revenue growth-28.9%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.6/10

What are the people in charge doing?

bottom 26% of 139 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 26th percentile among 139 sector filers · read for its shareholders

From the record

Palladyne AI Corp.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Wolff, Benjamin G (PRESIDENT & CEO, as filed), filing under that title since 2024-02-27, 2.7 years (bottom 36% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 4.9 years (bottom 38%); 13 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (bottom 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge13 in three years among 10 peoplebottom 5% of its family
  • the median years the people in charge have filed4.9 yearsbottom 38% of its family
  • the chief executive's years on the record2.7 yearsbottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.8/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.7/10

How much room does it have to grow?

bottom 47% of 216 in its family for room to expand.

weight 22% of this tense · 47th percentile among 216 sector filers · read for itself

From the record

Palladyne AI Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $18 million against no long-term debt tagged leaves 19% of its assets as net cash, top 39% of its family; cash from operations less capital spending is -540.4% of revenue (bottom 5%); a gross margin of 48.7% (bottom 24%); research spending of 245.9% of revenue (top 2%) (its annual report).

What it rests on

  • cash less debt against assets19.0%top 39% of its family
  • cash from operations less capital spending against revenue-540.4%bottom 5% of its family
  • gross margin48.7%bottom 24% of its family
  • research spending against revenue245.9%top 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
1.4/10

What could actually drive growth from here?

bottom 14% of 213 in its family for growth drivers.

weight 45% of this tense · 14th percentile among 213 sector filers · read for its customers

From the record

Palladyne AI Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew -28.9% a year over the last three filed years against -9.9% over all 6, slowing (bottom 18% of its family); the newest year grew -32.6% (bottom 5%); research spending grew -27.7% a year (bottom 7%); capital spending grew -21.9% a year (bottom 25%) (its annual reports). Palladyne AI Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-19.0 points a yearbottom 18% of its family
  • the newest year's revenue growth-32.6%bottom 5% of its family
  • three-year growth of research spending-27.7%bottom 7% of its family
  • three-year growth of capital spending-21.9%bottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.6/10

Did its newest year beat what its own record pointed to?

top 34% of 194 in its family for expectations against reality.

weight 33% of this tense · 66th percentile among 194 sector filers · read for its shareholders

From the record

Palladyne AI Corp.'s newest year against its own record: revenue of $5 million in fiscal 2025 came in 7.9% below the $6 million its prior three years' pace pointed to (bottom 21% of its family); net income of $10 million against a prior three-year average of $115 million (top 22%); a net margin of more than its whole revenue against losses larger than its revenue before (top 2%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-7.9%bottom 21% of its family
  • net income against the prior three years' average+109%top 22% of its family
  • net margin against its prior averageup more than 100 pointstop 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton PDYN · research, not advice