Palladyne AI Corp. (PDYN)

4.84 -0.42 (-7.98%)

As of 2026-07-16 14:59:59 EST

Palladyne AI Corp. (formerly Sarcos Technology and Robotics Corporation) is an American company known for most of its existence primarily as a developer of robots. Palladyne was founded in 1983 as Sarcos Research Corporation. In 2023, Sarcos shifted its business focus to the development of artificial intelligence (AI) software for robotic applications, discontinuing its hardware operations. In March 2024, the company changed its name to Palladyne AI.

Traded asNasdaq: PDYN
ISINUS80359A2050
CIK0001826681
LEI—
EIN—
SectorArtificial intelligence
IndustryServices-Prepackaged Software
CEOBen Wolff
Employees—
Fiscal Year End1231
Address650 SOUTH 500 WEST, SALT LAKE CITY, UT, 84101
Phone888-927-7296
Websitehttps://palladyneai.com/
Stock Quotes
trading_symbolregistrant_nametimepricechangepercentage_change
PDYNPalladyne AI Corp.2026-07-16 14:59:594.84-0.42-7.98
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Company Information
trading_symbolcentral_index_keyregistrant_nameisin_numberlei_numberein_numberexchangesic_codesic_descriptionfiscal_year_endstate_of_incorporationaddress_streetaddress_cityaddress_stateaddress_zip_codeaddress_countryaddress_country_codephone_numbermailing_addressbusiness_addressformer_nameindustryfounding_datechief_executive_officernumber_of_employeeswebsitemarket_capshares_issuedshares_outstandingdescriptionupdate_time
PDYN0001826681Palladyne AI Corp.US80359A2050——Nasdaq7372Services-Prepackaged Software1231DE650 SOUTH 500 WESTSALT LAKE CITYUT84101UNITED STATESUS888-927-7296650 SOUTH 500 WEST, SALT LAKE CITY, UT, 84101650 SOUTH 500 WEST, SALT LAKE CITY, UT, 84101Sarcos Technology & Robotics CorpArtificial intelligence1983Ben Wolff—https://palladyneai.com/315,500,00047,244,22547,244,225Palladyne AI Corp. (formerly Sarcos Technology and Robotics Corporation) is an American company known for most of its existence primarily as a developer of robots. Palladyne was founded in 1983 as Sarcos Research Corporation. In 2023, Sarcos shifted its business focus to the development of artificial intelligence (AI) software for robotic applications, discontinuing its hardware operations. In March 2024, the company changed its name to Palladyne AI.2026-07-16 18:39:43
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PDYN Stock Price (End-of-Day)
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PDYN Stock Price (1-Minute)
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Market Cap
Fiscal YearMarket CapChange In Market CapPercentage Change In Market CapShares OutstandingChange In Shares OutstandingPercentage Change In Shares Outstanding
2025315,500,000278,000,000741.333346,494,86511,275,16432.0138
202437,500,000-4,000,000-9.638635,219,7019,319,70135.9834
202341,500,000-290,300,000-87.492525,900,000-128,400,000-83.2145
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Executive Compensation
Executive NameExecutive PositionFiscal YearSalaryBonusStock AwardsIncentive Plan CompensationOther CompensationTotal Compensation
Stephen SonneSecretary, Chief Legal Officer2025383,87555,000447,300—0886,175
Denis GaragiChief Technology Officer2025440,93740,000766,800—01,247,737
Benjamin G. WolffChief Executive Officer, Director, President202510,09403,345,000—03,355,094
Stephen SonneSecretary, Chief Legal Officer2024370,000240,50059,060—0684,378
Laura PetersonDirector, Chair2024260,2710100,000—15,000375,271
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Employee Count
Fiscal YearEmployee Count
2025161
202471
202370
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Income Statements
Fiscal Year202520242023
Revenue5,246,0007,786,0006,146,000
Cost Of Revenue2,690,0003,488,0005,041,000
Gross Profit2,556,0004,298,0001,105,000
Research And Development Expenses12,899,00010,437,00039,012,000
General And Administrative Expenses17,199,00016,842,00031,454,000
Operating Expenses37,650,00034,709,000127,102,000
Operating Income-32,404,000-26,923,000-120,956,000
Net Income10,039,000-72,617,000-115,593,000
Earnings Per Share Basic0.26-2.71-4.51
Earnings Per Share Diluted0.24-2.71-4.51
Weighted Average Shares Outstanding Basic38,841,11626,774,89525,639,270
Weighted Average Shares Outstanding Diluted42,125,93226,774,89525,639,270
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Balance Sheet Statements
Fiscal Year202520242023
Cash And Cash Equivalents18,219,00031,188,00023,139,000
Marketable Securities Current28,836,0008,883,00015,947,000
Accounts Receivable1,055,000134,000555,000
Inventories339,00071,0001,065,000
Non Trade Receivables———
Other Assets Current1,653,0001,275,0002,323,000
Total Assets Current52,557,00042,730,00045,063,000
Marketable Securities Non Current———
Property Plant And Equipment8,889,0004,244,0004,842,000
Other Assets Non Current460,000438,000429,000
Total Assets Non Current43,155,00013,523,00015,363,000
Total Assets95,712,00056,253,00060,426,000
Accounts Payable1,058,000435,0001,291,000
Deferred Revenue319,000248,000—
Short Term Debt———
Other Liabilities Current3,550,0002,919,0005,805,000
Total Liabilities Current5,666,0004,433,0008,456,000
Long Term Debt———
Other Liabilities Non Current2,874,000—29,000
Total Liabilities Non Current15,371,00061,353,00011,065,000
Total Liabilities21,037,00065,786,00019,521,000
Common Stock5,0003,0003,000
Retained Earnings-480,792,000-490,831,000-418,214,000
Accumulated Other Comprehensive Income11,0006,0003,000
Total Shareholders Equity74,675,000-9,533,00040,905,000
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Cash Flow Statements
Fiscal Year202520242023
Depreciation And Amortization974,000800,0002,800,000
Share Based Compensation Expense4,447,0002,805,00012,043,000
Other Non Cash Income Expense———
Change In Accounts Receivable-1,096,000-136,000-1,311,000
Change In Inventories-58,000-994,0008,759,000
Change In Non Trade Receivables———
Change In Other Assets——-1,249,000
Change In Accounts Payable-708,000-819,000-2,326,000
Change In Other Liabilities——253,000
Cash From Operating Activities-27,637,000-22,627,000-76,620,000
Purchases Of Marketable Securities75,563,0008,859,00064,536,000
Sales Of Marketable Securities57,000,00016,000,000130,000,000
Acquisition Of Property Plant And Equipment713,000265,000782,000
Acquisition Of Business5,302,000——
Other Investing Activities———
Cash From Investing Activities-24,578,0006,876,00064,682,000
Tax Withholding For Share Based Compensation———
Payments Of Dividends———
Issuance Of Common Stock36,371,00020,028,000—
Repurchase Of Common Stock———
Issuance Of Long Term Debt———
Repayment Of Long Term Debt3,696,000——
Other Financing Activities———
Cash From Financing Activities39,246,00023,800,000-82,000
Change In Cash-12,969,0008,049,000-12,020,000
Cash At End Of Period18,219,00031,188,00023,139,000
Income Taxes Paid2,00010,0007,000
Interest Paid———
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Key Metrics
Fiscal Year202520242023
Earnings Per Share0.26-2.71-4.51
Price To Earnings Ratio16.3846-4.5277-0.1599
Earnings Growth Rate-109.5941-39.9113321.4953
Price Earnings To Growth Ratio-0.14950.1134-0.0005
Book Value Per Share1.9226-0.3561.5954
Price To Book Ratio2.2158-34.46220.4521
Ebitda12,959,000-70,563,000-109,492,000
Enterprise Value———
Dividend Yield———
Dividend Payout Ratio———
Debt To Equity Ratio———
Capital Expenditures5,619,000202,0002,000
Free Cash Flow-33,256,000-22,829,000-76,622,000
Return On Equity0.13447.6174-2.8259
One Year Beta1.78151.9861.3212
Three Year Beta1.72081.29541.0183
Five Year Beta1.34411.18921.0183
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Insider Transactions
Insider NameRelationship To IssuerTransaction DateAmount Of SecuritiesAcquired Or DisposedSecurities Owned Following Transaction
WEIBLING DENNIS MDirector2026-06-0815,083A344,786
FINN BRIAN DDirector2026-06-0815,083A74,079
Olson Eric TDirector2026-06-0815,083A74,079
Young Michael T.Director2026-06-0815,083A38,202
Twitty StephenDirector2026-06-0815,083A24,848
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Institutional Holdings
Investor NamePeriod Of ReportMarket ValueAmount Of SecuritiesPrice Per Security
Key Client Fiduciary Advisors, LLC2026-06-3063,58510,4586.08
Central Pacific Bank - Trust Division2026-06-308,9741,4766.0799
GAMMA Investing LLC2026-06-303,2415336.0807
Noble Wealth Management PBC2026-06-30468776.0779
WELLS FARGO & COMPANY/MN2026-03-31119,46419,6816.07
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Mutual Fund Holdings
Registrant NamePeriod Of ReportFund NameFund SymbolAmount Of UnitsValue In UsdPercentage Value Compared To Assets
Global X Funds2026-04-30Global X Russell 2000 ETFRSSL13,31981,112.710.0057
Dimensional ETF Trust2026-04-30Dimensional U.S. Core Equity 2 ETFDFAC4,93630,060.240.0001
FIDELITY SALEM STREET TRUST2026-04-30Fidelity Small Cap Index FundFSSNX301,4451,835,800.050.0056
FIDELITY CONCORD STREET TRUST2026-04-30Fidelity ZERO Total Market Index FundFZROX17,105104,169.450.0003
FIDELITY CONCORD STREET TRUST2026-04-30Fidelity ZERO Extended Market Index FundFZIPX11,57370,479.570.0029
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