Filing Flows › Palladyne AI (PDYN) › Q1 2025
Palladyne AI (PDYN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Palladyne AI (PDYN) reported revenue of $1.7M for the first quarter 2025 (Q1 2025), -50% from a year earlier and +125% from the quarter before. Operating margin was -405.3%.
Palladyne AI, Q1 2025: revenue $1.7M (-50% year over year), operating margin -405.3%, net earnings $22.8M, operating cash flow −$7.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | +125% | -50% |
| Operating profit | −$6.9M | — | — |
| Net earnings | $22.8M | — | — |
| Operating cash flow | −$7.5M | — | — |
What changed
Revenue was $1.7M in Q1 2025, down 50% year over year and up 125% from the previous quarter.
Operating costs exceeded revenue by $6.9M, an operating margin of -405.3%. Total costs fell 20% while revenue fell 50%. The fastest-growing cost line was Sales & marketing (+51%). Net earnings were $22.8M. The effective tax rate was 0.0%. Non-operating items added $29.7M, 130% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$7.5M. Non-cash charges added back $223K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items used $31.6M. Capital expenditures of $93K exceeded it, leaving free cash flow of −$7.6M.
Questions
What was Palladyne AI's revenue in the first quarter 2025?
Palladyne AI (PDYN) reported revenue of $1.7M for the first quarter 2025 (Q1 2025), -50% from a year earlier and +125% from the quarter before.
Was Palladyne AI profitable in the first quarter 2025?
Operating loss was $6.9M (-405.3% of revenue) and net earnings $22.8M.
Source: Palladyne AI 10-Q on SEC EDGAR.