Palladyne AI Corp. (formerly Sarcos Technology and Robotics Corporation) is an American company known for most of its existence primarily as a developer of robots. Palladyne was founded in 1983 as Sarcos Research Corporation. In 2023, Sarcos shifted its business focus to the development of artificial intelligence (AI) software for robotic applications, discontinuing its hardware operations. In March 2024, the company changed its name to Palladyne AI.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| PDYN | Palladyne AI Corp. | 2026-04-02 18:58:46 | 6.51 | 0.03 | 0.46 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PDYN | 0001826681 | Palladyne AI Corp. | US80359A2050 | — | — | Nasdaq | 7372 | Services-Prepackaged Software | 1231 | DE | 650 SOUTH 500 WEST | SALT LAKE CITY | UT | 84101 | UNITED STATES | US | 888-927-7296 | 650 SOUTH 500 WEST, SALT LAKE CITY, UT, 84101 | 650 SOUTH 500 WEST, SALT LAKE CITY, UT, 84101 | Sarcos Technology & Robotics Corp | Artificial intelligence | 1983 | Ben Wolff | — | https://palladyneai.com/ | 315,500,000 | 46,117,164 | 46,494,865 | Palladyne AI Corp. (formerly Sarcos Technology and Robotics Corporation) is an American company known for most of its existence primarily as a developer of robots. Palladyne was founded in 1983 as Sarcos Research Corporation. In 2023, Sarcos shifted its business focus to the development of artificial intelligence (AI) software for robotic applications, discontinuing its hardware operations. In March 2024, the company changed its name to Palladyne AI. | 2026-04-02 18:32:19 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2025 | 315,500,000 | 278,000,000 | 741.3333 | 46,494,865 | 11,275,164 | 32.0138 |
| 2024 | 37,500,000 | -4,000,000 | -9.6386 | 35,219,701 | 9,319,701 | 35.9834 |
| 2023 | 41,500,000 | -290,300,000 | -87.4925 | 25,900,000 | -128,400,000 | -83.2145 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Dr. Denis Garagi | Chief Technology Officer | 2024 | 412,174 | 364,417 | 295,301 | — | 0 | 1,146,406 |
| Stephen Sonne | Chief Legal Officer, Secretary | 2024 | 370,000 | 240,500 | 59,060 | — | 0 | 684,378 |
| Benjamin G. Wolff | Chief Executive Officer, President, Director | 2024 | 228,797 | 0 | 369,125 | — | 0 | 597,922 |
| Laura Peterson | Chair, Director | 2024 | 260,271 | 0 | 100,000 | — | 15,000 | 375,271 |
| Kiva Allgood | Chief Executive Officer, President | 2023 | 170,792 | 0 | 450,000 | — | 547,057 | 1,617,849 |
| Fiscal Year | Employee Count |
|---|---|
| 2025 | 161 |
| 2024 | 71 |
| 2023 | 70 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 5,246,000 | 7,786,000 | 6,146,000 |
| Cost Of Revenue | 2,690,000 | 3,488,000 | 5,041,000 |
| Gross Profit | — | — | — |
| Research And Development Expenses | 12,899,000 | 10,437,000 | 39,012,000 |
| General And Administrative Expenses | 17,199,000 | 16,842,000 | 31,454,000 |
| Operating Expenses | 37,650,000 | 34,709,000 | 127,102,000 |
| Operating Income | -32,404,000 | -26,923,000 | -120,956,000 |
| Net Income | 10,039,000 | -72,617,000 | -115,593,000 |
| Earnings Per Share Basic | 0.26 | -2.71 | -4.51 |
| Earnings Per Share Diluted | 0.24 | -2.71 | -4.51 |
| Weighted Average Shares Outstanding Basic | 38,841,116 | 26,774,895 | 25,639,270 |
| Weighted Average Shares Outstanding Diluted | 42,125,932 | 26,774,895 | 25,639,270 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash And Cash Equivalents | 18,219,000 | 31,188,000 | 23,139,000 |
| Marketable Securities Current | 28,836,000 | 8,883,000 | 15,947,000 |
| Accounts Receivable | 1,055,000 | 134,000 | 555,000 |
| Inventories | 339,000 | 71,000 | 1,065,000 |
| Non Trade Receivables | — | — | — |
| Other Assets Current | — | 647,000 | 1,028,000 |
| Total Assets Current | 52,557,000 | 42,730,000 | 45,063,000 |
| Marketable Securities Non Current | — | — | — |
| Property Plant And Equipment | 8,889,000 | 4,244,000 | 4,842,000 |
| Other Assets Non Current | 460,000 | 438,000 | 429,000 |
| Total Assets Non Current | 43,155,000 | 13,523,000 | 15,363,000 |
| Total Assets | 95,712,000 | 56,253,000 | 60,426,000 |
| Accounts Payable | 1,058,000 | 435,000 | 1,291,000 |
| Deferred Revenue | 319,000 | 248,000 | — |
| Short Term Debt | — | — | — |
| Other Liabilities Current | 3,550,000 | 2,919,000 | 5,805,000 |
| Total Liabilities Current | 5,666,000 | 4,433,000 | 8,456,000 |
| Long Term Debt | — | — | — |
| Other Liabilities Non Current | 2,874,000 | — | 29,000 |
| Total Liabilities Non Current | 15,371,000 | 61,353,000 | 11,065,000 |
| Total Liabilities | 21,037,000 | 65,786,000 | 19,521,000 |
| Common Stock | 5,000 | 3,000 | 3,000 |
| Retained Earnings | -480,792,000 | -490,831,000 | -418,214,000 |
| Accumulated Other Comprehensive Income | 11,000 | 6,000 | 3,000 |
| Total Shareholders Equity | 74,675,000 | -9,533,000 | 40,905,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Depreciation And Amortization | 974,000 | 800,000 | 2,800,000 |
| Share Based Compensation Expense | 4,447,000 | 2,805,000 | 12,043,000 |
| Other Non Cash Income Expense | — | — | — |
| Change In Accounts Receivable | -1,096,000 | -136,000 | -1,311,000 |
| Change In Inventories | -58,000 | -994,000 | 8,759,000 |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | — | — | — |
| Change In Accounts Payable | -708,000 | -819,000 | -2,326,000 |
| Change In Other Liabilities | — | — | 253,000 |
| Cash From Operating Activities | -27,637,000 | -22,627,000 | -76,620,000 |
| Purchases Of Marketable Securities | 75,563,000 | 8,859,000 | 64,536,000 |
| Sales Of Marketable Securities | 57,000,000 | 16,000,000 | 130,000,000 |
| Acquisition Of Property Plant And Equipment | 713,000 | 265,000 | 782,000 |
| Acquisition Of Business | 5,302,000 | — | — |
| Other Investing Activities | — | — | — |
| Cash From Investing Activities | -24,578,000 | 6,876,000 | 64,682,000 |
| Tax Withholding For Share Based Compensation | — | — | — |
| Payments Of Dividends | — | — | — |
| Issuance Of Common Stock | 36,371,000 | 20,028,000 | — |
| Repurchase Of Common Stock | — | — | — |
| Issuance Of Long Term Debt | — | — | — |
| Repayment Of Long Term Debt | — | — | — |
| Other Financing Activities | — | — | — |
| Cash From Financing Activities | 39,246,000 | 23,800,000 | -82,000 |
| Change In Cash | -12,969,000 | 8,049,000 | -12,020,000 |
| Cash At End Of Period | 18,219,000 | 31,188,000 | 23,139,000 |
| Income Taxes Paid | 2,000 | 10,000 | 7,000 |
| Interest Paid | 1,944,000 | 1,244,000 | 3,294,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Earnings Per Share | 0.26 | -2.71 | -4.51 |
| Price To Earnings Ratio | 16.3846 | -4.5277 | -0.1599 |
| Earnings Growth Rate | -109.5941 | -39.9113 | 321.4953 |
| Price Earnings To Growth Ratio | -0.1495 | 0.1134 | -0.0005 |
| Book Value Per Share | 1.9226 | -0.356 | 1.5954 |
| Price To Book Ratio | 2.2158 | -34.4622 | 0.4521 |
| Ebitda | 12,959,000 | -70,563,000 | -109,492,000 |
| Enterprise Value | — | — | — |
| Dividend Yield | — | — | — |
| Dividend Payout Ratio | — | — | — |
| Debt To Equity Ratio | — | — | — |
| Capital Expenditures | 5,619,000 | 202,000 | 2,000 |
| Free Cash Flow | -33,256,000 | -22,829,000 | -76,622,000 |
| Return On Equity | 0.1344 | 7.6174 | -2.8259 |
| One Year Beta | 1.7815 | 1.986 | 1.3212 |
| Three Year Beta | 1.7208 | 1.2954 | 1.0183 |
| Five Year Beta | 1.3441 | 1.1892 | 1.0183 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| GARAGIC DENIS | CHIEF TECHNOLOGY OFFICER | 2026-03-30 | 15,149 | D | 577,135 |
| SONNE STEPHEN | CHIEF LEGAL OFFICER | 2026-03-30 | 3,471 | D | 202,735 |
| THATCHER TREVOR | CHIEF FINANCIAL OFFICER | 2026-03-30 | 3,030 | D | 180,258 |
| Wolff Benjamin G | Director, PRESIDENT & CEO | 2026-03-27 | 1,000 | A | 2,837,401 |
| GARAGIC DENIS | CHIEF TECHNOLOGY OFFICER | 2026-03-12 | 12,945 | D | 592,284 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| Noble Wealth Management PBC | 2026-03-31 | 467 | 77 | 6.0649 |
| GOLDMAN SACHS GROUP INC | 2025-12-31 | 1,240,388 | 291,171 | 4.26 |
| HSBC HOLDINGS PLC | 2025-12-31 | 57,554 | 13,574 | 4.24 |
| PEAK6 LLC | 2025-12-31 | 83,496 | 19,600 | 4.26 |
| Caitong International Asset Management Co., Ltd | 2025-12-31 | 53,182 | 12,484 | 4.26 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| Global X Funds | 2026-01-31 | Global X Russell 2000 ETF | RSSL | 13,689 | 89,252.28 | 0.0064 |
| GOLDMAN SACHS TRUST | 2026-01-31 | Class P Shares | GSXPX | 87,273 | 569,019.96 | 0.0613 |
| GOLDMAN SACHS TRUST | 2026-01-31 | Class R6 Shares | GTTUX | 87,273 | 569,019.96 | 0.0613 |
| GOLDMAN SACHS TRUST | 2026-01-31 | Investor Shares | GTTTX | 87,273 | 569,019.96 | 0.0613 |
| GOLDMAN SACHS TRUST | 2026-01-31 | Class R | GTTRX | 87,273 | 569,019.96 | 0.0613 |