Palladyne AI Corp.
PDYN, PDYNW · Services-Prepackaged Software · 47.2M shares · -38%/yr ↓ buyback · EDGAR filings ↗
Reference price $6.14 · est. market cap ~$290M — last insider sale, 2026-05-21 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D42AI robotics-software company whose reported profit is one-time/artifact, with deep operating losses and cash burn.
Strengths
- Very cash-rich — current ratio 9.3 (98th)
Risks
- Reported profit is artifact, not operational — net margin 191% artifact, operating margin -618%
- Cash burn — FCF -$28M (8th)
- Pre-commercial execution risk — per 10-K
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Cash burnNegative free cash flow (-28.4M)
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
- Buying back stockNet buyback — share count -38%/yr over 3y
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, CITADEL ADVISORS LLC, GOLDMAN SACHS GROUP INC +1 more (as of 2026-03-31)
- Insider sellingInsider selling — 9 open-market sale(s) by 3 insider(s) (cluster of 3 insiders, ~$492,695, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
48.7%
Operating margin
-617.7%
Net margin
191.4%
Return on equity
13.4%
Return on assets
10.5%
Revenue growth (QoQ)
113.0%
Current ratio
9.3×
Free cash flow
-$28M
Tangible book value
$50M
Cash & investments
$47M
Cash runway
7q
Stock comp / revenue
84.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | THATCHER TREVOR | Grant | 148K | — |
| 2026-06-08 | Twitty Stephen | Grant | 15K | — |
| 2026-06-08 | Young Michael T. | Grant | 15K | — |
| 2026-06-08 | SONNE STEPHEN | Grant | 148K | — |
| 2026-06-08 | GARAGIC DENIS | Grant | 447K | — |
| 2026-06-08 | Olson Eric T | Grant | 15K | — |
| 2026-06-08 | Wolff Benjamin G | Grant | 4.5M | — |
| 2026-06-08 | FINN BRIAN D | Grant | 15K | — |
| 2026-06-08 | WEIBLING DENNIS M | Grant | 15K | — |
| 2026-06-01 | GARAGIC DENIS | Grant | 1.0K | $4.55 |
| 2026-06-01 | THATCHER TREVOR | Grant | 1.0K | $4.55 |
| 2026-06-01 | SONNE STEPHEN | Grant | 1.0K | $4.55 |
| 2026-05-21 | THATCHER TREVOR | Sell | 4.6K | $6.14 |
| 2026-05-21 | SONNE STEPHEN | Sell | 5.2K | $6.14 |
| 2026-05-21 | GARAGIC DENIS | Sell | 17K | $6.14 |
| 2026-03-30 | THATCHER TREVOR | Sell | 3.0K | $5.55 |
| 2026-03-30 | SONNE STEPHEN | Sell | 3.5K | $5.55 |
| 2026-03-30 | GARAGIC DENIS | Sell | 15K | $5.55 |
| 2026-03-27 | Wolff Benjamin G | Buy | 1.0K | $5.85 |
| 2026-03-12 | SONNE STEPHEN | Sell | 6.8K | $7.55 |
| 2026-03-12 | THATCHER TREVOR | Sell | 7.6K | $7.55 |
| 2026-03-12 | GARAGIC DENIS | Sell | 13K | $7.55 |
| 2026-03-10 | THATCHER TREVOR | Grant | 25K | — |
| 2026-03-10 | SONNE STEPHEN | Grant | 25K | — |
| 2026-03-10 | GARAGIC DENIS | Grant | 35K | — |
| 2025-12-01 | SONNE STEPHEN | Grant | 1.0K | $4.55 |
| 2025-12-01 | THATCHER TREVOR | Grant | 1.0K | $4.55 |
| 2025-12-01 | GARAGIC DENIS | Grant | 981 | $4.55 |
| 2025-12-01 | Martindale Kristi | Grant | 346 | $4.55 |
| 2025-11-21 | THATCHER TREVOR | Sell | 2.6K | $5.11 |
| 2025-11-21 | Young Michael T. | Buy | 3.0K | $5.19 |
| 2025-11-21 | SONNE STEPHEN | Sell | 3.4K | $5.11 |
| 2025-11-21 | GARAGIC DENIS | Sell | 16K | $5.11 |
| 2025-11-21 | Martindale Kristi | Sell | 6.8K | $5.11 |
| 2025-11-20 | Wolff Benjamin G | Buy | 3.0K | $5.29 |
| 2025-11-19 | Wolff Benjamin G | Buy | 8.0K | $5.40 |
| 2025-11-18 | Wolff Benjamin G | Buy | 7.0K | $5.49 |
| 2025-11-18 | Young Michael T. | Buy | 5.3K | $5.61 |
| 2025-09-22 | Twitty Stephen | Grant | 9.1K | — |
| 2025-09-19 | WEIBLING DENNIS M | Gift | 25K | — |
| 2025-08-21 | THATCHER TREVOR | Sell | 2.5K | $7.42 |
| 2025-08-21 | SONNE STEPHEN | Sell | 3.2K | $7.42 |
| 2025-08-21 | Martindale Kristi | Sell | 6.4K | $7.42 |
| 2025-08-21 | GARAGIC DENIS | Sell | 15K | $7.42 |
| 2025-07-02 | Wolff Benjamin G | Grant | 1.5M | — |
| 2025-06-26 | WEIBLING DENNIS M | Gift | 50K | — |
| 2025-06-11 | WEIBLING DENNIS M | Grant | 15K | — |
| 2025-06-11 | Young Michael T. | Grant | 15K | — |
| 2025-06-11 | FINN BRIAN D | Grant | 15K | — |
| 2025-06-11 | Olson Eric T | Grant | 15K | — |
| 2025-06-11 | Muta Matthew Shigenobu | Grant | 15K | — |
| 2025-06-01 | GARAGIC DENIS | Grant | 1.0K | $5.03 |
| 2025-06-01 | Martindale Kristi | Grant | 335 | $5.03 |
| 2025-06-01 | SONNE STEPHEN | Grant | 1.0K | $5.03 |
| 2025-06-01 | THATCHER TREVOR | Grant | 1.0K | $5.03 |
| 2025-05-20 | Martindale Kristi | Sell | 6.8K | $7.24 |
| 2025-05-20 | SONNE STEPHEN | Sell | 3.4K | $7.24 |
| 2025-05-20 | THATCHER TREVOR | Sell | 2.6K | $7.24 |
| 2025-05-20 | GARAGIC DENIS | Sell | 16K | $7.24 |
| 2025-03-31 | VOGT MATTHEW | Sell | 538 | $5.82 |
| 2025-03-31 | SONNE STEPHEN | Sell | 1.1K | $5.82 |
| 2025-03-31 | Martindale Kristi | Sell | 51K | $5.82 |
| 2025-03-31 | THATCHER TREVOR | Sell | 11K | $5.82 |
| 2025-03-31 | GARAGIC DENIS | Sell | 1.7K | $5.82 |
| 2025-03-31 | Wolff Benjamin G | Buy | 1.8K | $5.82 |
| 2025-03-28 | Wolff Benjamin G | Buy | 2.5K | $5.66 |
| 2025-03-11 | Wolff Benjamin G | Buy | 2.9K | $5.90 |
| 2025-03-10 | GARAGIC DENIS | Grant | 120K | — |
| 2025-03-10 | Martindale Kristi | Grant | 80K | — |
| 2025-03-10 | THATCHER TREVOR | Grant | 70K | — |
| 2025-03-10 | SONNE STEPHEN | Grant | 70K | — |
| 2025-03-10 | VOGT MATTHEW | Grant | 70K | — |
| 2025-03-07 | Wolff Benjamin G | Buy | 5.0K | $6.40 |
| 2025-02-24 | GARAGIC DENIS | Sell | 56K | $7.03 |
| 2025-02-24 | VOGT MATTHEW | Sell | 15K | $7.03 |
| 2025-02-24 | SONNE STEPHEN | Sell | 11K | $7.03 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-08 | Reg FDOtherExhibits | filing ↗ |
| 2026-06-08 | 3.02Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-05 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-05 | ResultsReg FD | filing ↗ |
| 2026-02-18 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-01-14 | Reg FDExhibits | filing ↗ |
| 2026-01-13 | ResultsReg FDOther | filing ↗ |
| 2025-11-17 | Reg FD | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-08 | 2026-06-08 | 0001193125-26-261941 ↗ |
| 8-K | 2026-06-08 | 2026-06-08 | 0001193125-26-260664 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001193125-26-205042 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001193125-26-205033 ↗ |
| 10-K | 2026-03-05 | 2025-12-31 | 0001193125-26-092443 ↗ |
| 8-K | 2026-03-05 | 2026-03-05 | 0001193125-26-092435 ↗ |
| 8-K | 2026-02-18 | 2026-02-13 | 0001193125-26-056033 ↗ |
| 8-K | 2026-01-14 | 2026-01-14 | 0001193125-26-012228 ↗ |
| 8-K | 2026-01-13 | 2026-01-13 | 0001193125-26-011108 ↗ |
| 8-K | 2025-11-17 | 2025-11-17 | 0001193125-25-284831 ↗ |
| 8-K | 2025-11-17 | 2025-11-14 | 0001193125-25-283918 ↗ |
| 10-Q | 2025-11-12 | 2025-09-30 | 0001193125-25-275896 ↗ |