Palladyne AI
Builds autonomy software, UAV systems and U.S.-based manufacturing for defense and industrial customers.
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Profile
Develops edge-autonomy software for robots and drone swarms, alongside UAV avionics, engineering services and precision manufacturing. Revenue is still centered on services and manufacturing while software products move from initial sales activity toward commercial adoption.
Develops embodied-AI software for machines that need to adapt at the edge. Palladyne IQ targets industrial robots and cobots, while SwarmOS and Palladyne Pilot coordinate networked drones and autonomous systems; IntelliSwarm combines SwarmOS with BRAIN flight hardware.
The business also includes advanced avionics, UAV engineering services and U.S.-based precision manufacturing added through GuideTech, Warnke and MKR. Customers include defense and commercial or industrial markets, with current positioning shaped by U.S. government and public-sector security requirements.
Services and manufacturing currently carry the revenue base as software products move from initial sales activity toward commercial adoption. Execution depends on government-contract delivery, adoption of autonomy products and retention of key AI and executive personnel.
Company facts
Key statistics
Year to date +21.9% · Average volume (30d) 864.8K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.23 | −$0.27 | −16.1% | $5.8M | $5.8M | −0.3% | −1.34% |
| May 5, 2026Q1 FY26 | −$0.17 | −$0.28 | −69.7% | $4.9M | $3.5M | −28.2% | +5.21% |
| Mar 5, 2026Q4 FY25 | −$0.09 | −$0.16 | −77.8% | $809.0K | $1.7M | +105.3% | −14.36% |
| Nov 12, 2025Q3 FY25 | −$0.18 | −$0.09 | +50.0% | $809.0K | $860.0K | +6.3% | −8.27% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.7M | $1.0M | $860.0K | $1.7M | $3.5M | $5.8M | |
| Gross profit | $1.4M | $541.0K | $399.0K | $259.0K | $1.1M | $1.7M | |
| Operating income | −$6.9M | −$8.1M | −$8.1M | −$9.3M | −$11.9M | −$13.4M | |
| Net income | $22.8M | −$7.5M | −$3.7M | −$1.5M | −$12.6M | −$12.3M | |
| Diluted EPS | $0.55 | −$0.20 | −$0.09 | −$0.04 | −$0.28 | −$0.27 | |
| Gross margin | 79.4% | 53.3% | 46.4% | 15.6% | 30.1% | 29.1% | |
| Operating margin | -405.3% | -797.4% | -937.8% | -560.7% | -336.9% | -231.9% |
Fiscal years (4-quarter sums)FY22 $14.6M · FY23 $6.1M · FY24 $7.8M · FY25 $5.2M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $43.7M · Total debt $10.6M · Total assets $94.4M · Shareholders' equity $70.8M
Dividends
No dividends on record.
Ownership
Shares outstanding 47.24M · Float 29.76M · 63.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Benjamin G. Wolff · director, officer: PRESIDENT & CEO | 7.42M | 15.70% | Form 4 | Jun 8, 2026 |
| BlackRock, Inc. | 2.55M | 5.40% | 13G | Jul 29, 2026 |
| Kerber William Xavier Iii | 2.29M | 7.60% | 13D | Jan 2, 2025 |
| Vanguard Capital Management LLC | 1.51M | 3.19% | 13F | Aug 13, 2026 |
| Raymond James Financial Inc | 1.21M | 2.56% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Denis Garagic | officer: CHIEF TECHNOLOGY OFFICER | −17,255 | $6.16 |
| Aug 21, 2026 | Stephen Sonne | officer: CHIEF LEGAL OFFICER | −5,341 | $6.16 |
| Aug 21, 2026 | Trevor Thatcher | officer: CHIEF FINANCIAL OFFICER | −4,636 | $6.16 |
| May 21, 2026 | Denis Garagic | officer: CHIEF TECHNOLOGY OFFICER | −17,176 | $6.14 |
| May 21, 2026 | Stephen Sonne | officer: CHIEF LEGAL OFFICER | −5,245 | $6.14 |
Peers
- AeroVironment
Scaled UAS and loitering-munition rival for defense autonomy
- Kratos Defense & Security Solutions
Jet-drone and defense-systems peer in unmanned missions
- Red Cat
Small defense-drone peer and partner around SwarmOS demos
- Ondas
Autonomous drone-in-a-box and counter-UAS competitor
- Teradyne
Industrial cobot and AMR peer for factory robot automation
- Mercury Systems
Defense edge-computing and avionics peer for mission systems
- Cognex
AI machine-vision peer for factory perception and automation
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Palladyne AI | $5.77 | +0.24% | $272.1M | — | — | 23.0 | +469.8% |
| AeroVironment | $148.44 | +0.40% | $7.49B | — | 45.5 | 3.8 | +133.3% |
| Kratos Defense & Security Solutions | $52.02 | +0.02% | $9.75B | 305.2 | 54.5 | 6.4 | +30.5% |
| Red Cat | $8.51 | +0.18% | $1.29B | — | — | 20.3 | +1,138.9% |
| Ondas | $7.93 | +0.19% | $4.50B | 119.3 | — | 25.9 | +1,235.4% |
| Teradyne | $356.69 | +0.55% | $55.50B | 48.7 | 36.2 | 12.4 | +103.9% |
| Mercury Systems | $88.54 | +0.04% | $5.32B | — | 57.8 | 5.4 | +37.1% |
| Cognex | $61.00 | +0.93% | $10.06B | 58.7 | 32.9 | 9.2 | +16.9% |
| Median | 89.0 | 45.5 | 9.2 | +103.9% |