Filing Flows › Palladyne AI (PDYN) › Q2 2025
Palladyne AI (PDYN) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Palladyne AI (PDYN) reported revenue of $1.0M for the second quarter 2025 (Q2 2025), -63% from a year earlier and -41% from the quarter before. Operating margin was -797.4%, net loss $7.5M (737.6% of revenue).
Palladyne AI, Q2 2025: revenue $1.0M (-63% year over year), operating margin -797.4%, net loss $7.5M, operating cash flow −$5.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0M | -41% | -63% |
| Operating profit | −$8.1M | — | — |
| Net earnings | −$7.5M | -133% | — |
| Operating cash flow | −$5.3M | — | — |
What changed
Revenue was $1.0M in Q2 2025, down 63% year over year and down 41% from the previous quarter. Product Development Contract Revenue was the largest line at 100% of revenue. Product Development Contract Revenue lost $1.7M year over year (down 63%), 100% of the total change.
Operating costs exceeded revenue by $8.1M, an operating margin of -797.4%. Total costs grew 7% against a revenue fall of 63%. The quarter ended with a net loss of $7.5M, after a profit of $22.8M the previous quarter.
Operating cash flow was −$5.3M. Non-cash charges added back $200K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $861K.
Questions
What was Palladyne AI's revenue in the second quarter 2025?
Palladyne AI (PDYN) reported revenue of $1.0M for the second quarter 2025 (Q2 2025), -63% from a year earlier and -41% from the quarter before.
Was Palladyne AI profitable in the second quarter 2025?
Operating loss was $8.1M (-797.4% of revenue) and net loss $7.5M.
Source: Palladyne AI 10-Q on SEC EDGAR.