Filing Flows › Palladyne AI (PDYN) › Q4 2025
Palladyne AI (PDYN) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 5, 2026
Palladyne AI (PDYN) reported revenue of $1.7M for the fourth quarter 2025 (Q4 2025), +118% from a year earlier and +93% from the quarter before. Operating margin was -560.7%, net loss $1.5M (89.9% of revenue).
Palladyne AI, Q4 2025: revenue $1.7M (+118% year over year), operating margin -560.7%, net loss $1.5M, operating cash flow −$8.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.7M | +93% | +118% |
| Operating profit | −$9.3M | — | — |
| Net earnings | −$1.5M | — | — |
| Operating cash flow | −$8.5M | — | — |
What changed
Revenue was $1.7M in Q4 2025, up 118% year over year and up 93% from the previous quarter.
Operating costs exceeded revenue by $9.3M, an operating margin of -560.7%. Total costs grew 51% against revenue growth of 118%. The fastest-growing cost line was Cost of revenue (+153%). The quarter ended with a net loss of $1.5M, narrower than the previous quarter's $3.7M loss. Non-operating items added $5.3M, -131% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$8.5M. Non-cash charges added back $316K of depreciation and $1.1M of share-based compensation. Working capital and other items used $8.4M. Capital expenditures of $236K exceeded it, leaving free cash flow of −$8.7M.
Questions
What was Palladyne AI's revenue in the fourth quarter 2025?
Palladyne AI (PDYN) reported revenue of $1.7M for the fourth quarter 2025 (Q4 2025), +118% from a year earlier and +93% from the quarter before.
Was Palladyne AI profitable in the fourth quarter 2025?
Operating loss was $9.3M (-560.7% of revenue) and net loss $1.5M.
Source: Palladyne AI 10-K on SEC EDGAR.