Earnings Releases·Nov 10, 2026, 7:06 AM ET

Palladyne AI — Third Quarter 2026 Earnings Summary

Revenue surged 895% year-over-year to $8.6 million and rose 48% sequentially, driving a raise in the low end of full-year 2026 revenue guidance to $25 million (top end remains $27 million).
GAAP net loss widened to ($12.0) million per share ($0.25) from ($3.7) million in the prior year period, while operating cash burn is expected to reach the high end of the ($32.0)–($36.0) million range for the full year.
Management confirmed $47.0 million in cash is sufficient for operations and capital expenditures for at least the next 12 months, supported by a $18.7 million backlog expected to be recognized over the coming 12-18 months.
Strategic milestones include the first delivery of the BRAIN FC-1 flight computer, a 135% quarter-over-quarter increase in government contract revenue, and the expiration of 20.5 million warrants reducing fully diluted shares by 9%.