Filing Flows › Palladyne AI (PDYN) › Q1 2026 › vs Q1 2025
Palladyne AI (PDYN) Q1 2026 vs Q1 2025 (year over year)
Palladyne AI's revenue rose $1.8M (+107%) from $1.7M in Q1 2025 to $3.5M in Q1 2026. The biggest changes: Engineering Services Revenue +$1.8M (—); Product Revenue +$1.7M (—); Product Development Contract Revenue −$1.6M (-96%).
Palladyne AI, Q1 2026: revenue $3.5M (+107% year over year), operating margin -336.9%, net loss $12.6M, operating cash flow −$10.2M. The chart draws each line against Q1 2025, the increases inside each band.
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| Engineering Services Revenue | $1.8M | $0 | $1.8M | — |
| Product Revenue | $1.7M | $0 | $1.7M | — |
| Product Development Contract Revenue | $67K | $1.7M | −$1.6M | -96% |
| Revenue | $3.5M | $1.7M | $1.8M | +107% |
| Net loss | $12.6M | −$22.8M | $35.4M | — |
| Costs & expenses | $16.1M | $31.4M | −$15.3M | -49% |
| Operating costs | $15.5M | $8.6M | $6.8M | +79% |
| Interest & other, net | $689K | −$29.7M | $30.4M | — |
| Cost of revenue | $2.5M | $353K | $2.1M | +601% |
| Research & development | $3.9M | $2.9M | $1.0M | +36% |
| Sales & marketing | $1.8M | $1.2M | $628K | +52% |
| General & admin | $6.9M | $4.2M | $2.7M | +64% |
| Operating cash sources | $12.6M | −$22.8M | $35.4M | — |
| Depreciation & amortization | $713K | $223K | $490K | +220% |
| Share-based compensation | $1.2M | $1.1M | $90K | +8% |
| Working capital & other | $417K | −$31.6M | $32.1M | — |
| Cash used in operations | $10.2M | $7.5M | $2.7M | +36% |
| Net loss absorbed | $12.6M | −$22.8M | $35.4M | — |
Questions
How much did Palladyne AI's revenue grow year over year in Q1 2026?
Palladyne AI's revenue rose $1.8M (+107%) from $1.7M in Q1 2025 to $3.5M in Q1 2026.
What drove Palladyne AI's revenue change in Q1 2026?
Engineering Services Revenue +$1.8M (—); Product Revenue +$1.7M (—); Product Development Contract Revenue −$1.6M (-96%).