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Palladyne AI (PDYN) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 6, 2026 · Palladyne AI (PDYN) Q2 2026 earnings results →
Q2 2026 Revenue up 470% year over year to $5.8M · 213¢ of every $1 of revenue lost · operating margin -231.9%
Palladyne AI made $5.8M in Q2 2026 (+470% Y/Y): Product Revenue $2.7M, Engineering Services Revenue $1.9M, Product Development Contract Revenue $1.2M. Operating margin -231.9%, net loss $12.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $5.8M in Q2 2026, up 470% year over year and up 63% from the previous quarter. Product Revenue was the largest line at 47% of revenue. Product Revenue added $2.7M year over year (up 89600%), 56% of the total change.
Operating costs exceeded revenue by $13.4M, an operating margin of -231.9%. Total costs grew 111% against revenue growth of 470%. The fastest-growing cost line was Cost of revenue (+765%). The quarter ended with a net loss of $12.3M, narrower than the previous quarter's $12.6M loss.
Operating cash flow was −$10.2M. Non-cash charges added back $756K of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items used $892K. Capital expenditures of $862K exceeded it, leaving free cash flow of −$11.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 6, 2026 | $5.8M | +470% | -231.9% | −$12.3M | −$10.2M |
| Q1 2026 | 10-Q | May 5, 2026 | $3.5M | +107% | -336.9% | −$12.6M | −$10.2M |
| Q4 2025 | 10-K | Mar 5, 2026 | $1.7M | +118% | -560.7% | −$1.5M | −$8.5M |
| Q3 2025 | 10-Q | Nov 12, 2025 | $860K | -1% | -937.8% | −$3.7M | −$6.3M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $1.0M | -63% | -797.4% | −$7.5M | −$5.3M |
| Q1 2025 | 10-Q | May 7, 2025 | $1.7M | -50% | -405.3% | $22.8M | −$7.5M |
| Q4 2024 | 10-K | Feb 20, 2025 | $761K | +2% | -852.0% | −$53.0M | −$5.1M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Palladyne AI
The following discussion should be read in conjunction with the information about us contained elsewhere in this Report, including the information set forth in our consolidated financial statements and the related notes. Some of the information contained in this section or set forth elsewhere in this Report, including information with respect to our plans and strategy for our business, includes forward-looking statements that involve risks and uncertainties. You should read Part I Item 1A Risk Factors and the section titled "Special Note Regarding Forward-Looking Statements" for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and throughout this Report.
In its own words, from its 10-K, filed Mar 5, 2026.
Palladyne AI against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +470% against the peers' median +19%. Operating margin: -231.9% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| PDYN Palladyne AI | Q2 2026 | $5.8M | +470% | -231.9% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Palladyne AI 10-Q on SEC EDGAR · CIK 1826681 · Services-Prepackaged Software
13F: who owns PDYN and who is buying
More on PDYN
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results