Short answer
Palladyne AI Corp. (PDYN) filed its Q3 2025 10-Q quarterly report on Nov 12, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $860,000 (down 1.3% year over year) with net income of −$4M.
Q3 2025 key financials · XBRL
- Revenue
- $860,000
- −1.3% YoY · −15.3% QoQ
- Net income
- −$4M
- +47.3% YoY · +50.0% QoQ
- Operating margin
- -937.8%
- EPS (diluted)
- −$0.10
- +64.3% YoY · +37.5% QoQ
Source: XBRL data from the Palladyne AI Corp. (PDYN) Q3 2025 10-Q on SEC EDGAR. USD.
Palladyne AI Corp. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $0.9M, down 1% YoY from $0.9M; contract revenue $0.9M, up 13% from $0.8M
- Product revenue $0 versus $0.1M YoY, the weakest product line
- Operating expenses $8.9M, up 9% YoY from $8.2M; R&D $3.1M, up 22%
- Cash, cash equivalents and marketable securities $57.1M versus $40.1M at December 31, 2024
- Commercial revenue expected in first half of 2026; trade-policy changes and government shutdown delaying customer decisions
Risk Factors
- Government shutdown delays affecting agency interactions, collections, and new contracts, threatening fiscal 2025–2026 anticipated revenue
- AI system failures or controversial uses exposing Palladyne to regulatory action, litigation, and reputational damage
- Palladyne IQ sales cycles expected at 12–18 months or longer, delaying licensing revenue and customer adoption
- Operating loss $23.1 million and negative operating cash flow $19.1 million for nine months ended September 30, 2025
- Revenue concentration in AI/ML software licensing, with no current commercial customers outside U.S. government contracts
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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