Palladyne AI Corp. (PDYN) reported a fourth-quarter adjusted net loss of 16 cents per share for the quarter ending December 31, 2025, an improvement from a loss of 17 cents per share in the same quarter last year. Revenues reached $1.7 million, a significant 118% increase from $0.8 million year-over-year. Despite this growth, the company faced a GAAP net loss of $1.5 million, down from a loss of $53 million a year earlier, largely attributed to changes in the fair value of warrant liabilities.
For the full year 2025, Palladyne’s revenue totaled $5.2 million, a 33% decline from $7.8 million in 2024, while the operating loss widened to $32.4 million from $26.9 million a year prior. The company aims for a projected revenue of $24 million to $27 million for 2026, reflecting an estimated 357% to 415% increase. As of December 31, 2025, the company’s cash position was approximately $47 million, with a contracted backlog of $13.5 million.
Palladyne’s operational strategy involved acquisitions, including GuideTech and Warnke Precision Machining, which facilitated its transition from a development-stage AI firm to a vertically integrated defense platform. CEO Ben Wolff characterized 2025 as transformative, highlighting advancements in autonomy software and space technology collaborations with the Air Force Research Laboratory.
