| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 17,854 | 18,219 | 27,361 | 20,148 |
| Marketable securities | 25,824 | 28,836 | 29,785 | 42,554 |
| Accounts receivable | 1,593 | 1,055 | 326 | 237 |
| Unbilled receivables | 2,617 | 2,455 | 1,819 | 1,497 |
| Inventories | 989 | 339 | 76 | 76 |
| Prepaid expenses and other current assets | 1,472 | 1,653 | 1,146 | 1,301 |
| Total current assets | 50,349 | 52,557 | 60,513 | 65,813 |
| Property and equipment, gross | 12,613 | 12,689 | 7,735 | NaN |
| Accumulated depreciation | 4,069 | 3,800 | 3,672 | NaN |
| Property and equipment, net | 8,544 | 8,889 | 4,063 | 3,901 |
| Intangible assets, net | 10,075 | 10,430 | NaN | NaN |
| Goodwill | 14,731 | 14,731 | NaN | NaN |
| Operating lease assets | 8,419 | 8,645 | 8,023 | 8,225 |
| Other non-current assets | 434 | 460 | 330 | 370 |
| Total assets | 92,552 | 95,712 | 72,929 | 78,309 |
| Accounts payable | 1,060 | 1,058 | 565 | 316 |
| Accrued liabilities | 4,273 | 3,550 | 2,923 | 2,575 |
| Current operating lease liabilities | 1,084 | 1,058 | 976 | 953 |
| Total current liabilities | 6,417 | 5,666 | 4,464 | 3,844 |
| Warrant liabilities | 3,817 | 2,772 | 7,402 | 11,161 |
| Operating lease liabilities | 9,446 | 9,725 | 9,217 | 9,472 |
| Other non-current liabilities | 2,957 | 2,874 | NaN | NaN |
| Total liabilities | 22,637 | 21,037 | 21,083 | 24,477 |
| Common stock, 0.0001 par value, 165,000,000 shares authorized as of march 31, 2026 and december 31, 2025 47,244,225 and 46,117,164 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively | 5 | 5 | 4 | 4 |
| Additional paid-in capital | 563,311 | 555,451 | 531,127 | 529,393 |
| Accumulated other comprehensive (loss) income | -1 | 11 | 14 | -6 |
| Accumulated deficit | -493,400 | -480,792 | -479,299 | -475,559 |
| Total stockholders' equity | 69,915 | 74,675 | 51,846 | 53,832 |
| Total liabilities and stockholders' equity | 92,552 | 95,712 | 72,929 | 78,309 |
Palladyne AI Corp. (PDYN)
Palladyne AI Corp. (PDYN)