Estados financieros detallados de Palladyne AI Corp. (PDYN): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Palladyne AI Corp. registró ingresos de $5.2M en el último ejercicio fiscal, con un CAGR de 5 años del -9.9%.
Márgenes de los últimos 12 meses: margen bruto 28.7%, margen operativo -360.7%, margen neto -254.7%.
Al precio actual de $5.61, PDYN presenta beneficios negativos (P/E no significativo) y un ROE del -45.15%. La capitalización bursátil es de $265M.
Cuenta de Resultados (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $8.8M | $5.1M | $14.6M | $6.1M | $7.8M | $5.2M |
| Coste de Ventas | $5.6M | $3.9M | $11.6M | $5.0M | $3.5M | $2.7M |
| Beneficio Bruto | $3.2M | $1.2M | $3.0M | $1.1M | $4.3M | $2.6M |
| I+D | $14.1M | $17.5M | $34.1M | $39.0M | $10.4M | $12.9M |
| Generales y Administrativos | $10.1M | $64.7M | $73.4M | $42.3M | $21.0M | $21.9M |
| Gastos Operativos | $24.2M | $82.2M | $180.0M | $122.1M | $31.2M | $35.0M |
| Beneficio Operativo | -$21.0M | -$81.0M | -$177.0M | -$121.0M | -$26.9M | -$32.4M |
| EBITDA | -$20.5M | -$80.9M | -$103.2M | -$78.6M | -$26.3M | $8.6M |
| Gastos por Intereses | 0 | $34000 | 0 | 0 | 0 | 0 |
| Beneficio Antes de Impuestos | -$20.9M | -$81.5M | -$161.0M | -$115.6M | -$72.6M | $7.5M |
| Impuestos | $1000 | $1000 | -$3.9M | $7000 | $5000 | -$2.5M |
| Beneficio Neto | -$20.9M | -$81.5M | -$157.1M | -$115.6M | -$72.6M | $10.0M |
| BPA | $-1.21 | $-4.32 | $-6.42 | $-4.51 | $-2.77 | $0.26 |
| BPA Diluido | $-1.21 | $-4.32 | $-6.42 | $-4.51 | $-2.77 | $0.24 |
| Acciones en Circulación (Diluidas) | $17.3M | $18.9M | $24.5M | $25.6M | $26.8M | $42.1M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | $860000 | $1.7M | $3.5M | $5.8M |
| Beneficio Bruto | $399000 | $259000 | $1.1M | $1.7M |
| Beneficio Operativo | -$8.1M | -$9.3M | -$11.9M | -$13.4M |
| EBITDA | -$3.5M | -$3.6M | -$11.9M | -$11.6M |
| Beneficio Neto | -$3.7M | -$1.5M | -$12.6M | -$12.3M |
| BPA | $-0.09 | $-0.04 | $-0.28 | $-0.27 |
| BPA Diluido | $-0.09 | $-0.04 | $-0.28 | $-0.27 |
Balance (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $33.7M | $217.1M | $35.2M | $23.1M | $31.2M | $18.2M |
| Inversiones a Corto | 0 | 0 | $79.3M | $15.9M | $8.9M | $28.8M |
| Cuentas por Cobrar | $1.3M | $1.0M | $6.0M | $2.6M | $1.3M | $3.5M |
| Inventario | $707000 | $1.0M | $3.6M | $1.1M | $71000 | $339000 |
| Activos Corrientes | $36.3M | $228.3M | $129.1M | $45.1M | $42.7M | $52.6M |
| Inmovilizado Material | $1.4M | $7.1M | $18.9M | $14.9M | $13.1M | $17.5M |
| Fondo de Comercio | 0 | 0 | 0 | 0 | 0 | $14.7M |
| Activos Intangibles | 0 | 0 | $19.1M | 0 | 0 | $10.4M |
| Activos Totales | $38.1M | $235.8M | $167.6M | $60.4M | $56.3M | $95.7M |
| Cuentas por Pagar | $972000 | $1.7M | $3.6M | $1.3M | $435000 | $1.1M |
| Deuda a Corto | $1.3M | 0 | 0 | 0 | 0 | 0 |
| Pasivos Corrientes | $3.6M | $6.2M | $10.5M | $8.5M | $4.4M | $5.7M |
| Deuda a Largo | $1.1M | 0 | 0 | 0 | 0 | 0 |
| Pasivos Totales | $5.1M | $21.9M | $23.2M | $19.5M | $65.8M | $21.0M |
| Reservas | -$64.0M | -$145.5M | -$302.6M | -$418.2M | -$490.8M | -$480.8M |
| Patrimonio Neto | $32.9M | $214.0M | $144.4M | $40.9M | -$9.5M | $74.7M |
| Deuda Total | $2.6M | $7000 | $13.3M | $12.4M | $11.0M | $10.8M |
| Deuda Neta | -$31.0M | -$217.1M | -$101.2M | -$26.7M | -$29.0M | -$36.3M |
| Capital Circulante | $32.8M | $222.2M | $118.6M | $36.6M | $38.3M | $46.9M |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $27.4M | $18.2M | $17.9M | $33.8M |
| Activos Totales | $72.9M | $95.7M | $92.6M | $94.4M |
| Pasivos Totales | $21.1M | $21.0M | $22.6M | $23.6M |
| Patrimonio Neto | $51.8M | $74.7M | $69.9M | $70.8M |
| Deuda Total | $10.2M | $10.8M | $10.5M | $10.6M |
Flujo de Caja (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | -$20.9M | -$81.5M | -$157.1M | -$115.6M | -$72.6M | $10.0M |
| Amortizaciones | $458000 | $531000 | $3.6M | $4.4M | $825000 | $1.1M |
| Compensación en Acciones | $2.3M | $43.1M | $35.6M | $12.0M | $2.8M | $4.4M |
| Cambio en Capital Circulante | $1.3M | -$4.8M | -$2.8M | -$5.3M | -$785000 | -$1.5M |
| Flujo de Caja Operativo | -$16.9M | -$42.1M | -$65.4M | -$76.6M | -$22.6M | -$27.6M |
| Inversiones (CapEx) | -$950000 | -$4.7M | -$1.5M | -$782000 | -$265000 | -$713000 |
| Adquisiciones | 0 | -$200000 | -$29.7M | 0 | 0 | -$5.3M |
| Recompra de Acciones | 0 | 0 | -$8.1M | -$78000 | -$105000 | 0 |
| Dividendos Pagados | 0 | 0 | 0 | 0 | 0 | 0 |
| Flujo de Caja Libre | -$17.8M | -$46.8M | -$66.9M | -$77.4M | -$22.9M | -$28.4M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$6.3M | -$8.5M | -$10.2M | -$10.2M |
| Inversiones (CapEx) | -$384000 | -$236000 | -$27000 | -$862000 |
| Flujo de Caja Libre | -$6.7M | -$8.7M | -$10.3M | -$11.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $1.1M | $1.1M | $1.2M | $2.3M |
Crecimiento y Márgenes (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -42.4% | +187.1% | -57.8% | +26.7% | -32.6% |
| Crecimiento Beneficio Neto (anual) | | -289.5% | -92.8% | +26.4% | +37.2% | +113.8% |
| Crecimiento BPA (anual) | | -257.0% | -48.6% | +29.8% | +38.6% | +109.4% |
| Cambio en Acciones (anual) | | +8.8% | +29.7% | +4.8% | +4.4% | +57.3% |
| Crecimiento FCF (anual) | | -162.4% | -43.0% | -15.7% | +70.4% | -23.8% |
| Margen Bruto | 36.4% | 23.8% | 20.3% | 18.0% | 55.2% | 48.7% |
| Margen Operativo | -238.3% | -1595.9% | -1215.2% | -1968.0% | -345.8% | -617.7% |
| Margen EBITDA | -233.1% | -1594.9% | -708.4% | -1279.5% | -337.7% | 163.8% |
| Margen Neto | -237.4% | -1606.1% | -1078.5% | -1880.8% | -932.7% | 191.4% |
| Margen FCF | -202.3% | -922.0% | -459.1% | -1259.4% | -294.0% | -540.4% |
| Tasa Impositiva Efectiva | -0.0% | -0.0% | 2.4% | -0.0% | -0.0% | -33.8% |
Datos por Acción (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $-1.03 | $-2.48 | $-2.73 | $-3.02 | $-0.85 | $-0.67 |
| Dividendo por Acción | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Acciones en Circulación (Básicas) | $17.3M | $18.9M | $24.5M | $25.6M | $26.8M | $38.8M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | -45.15% |
| Rentabilidad sobre capital invertido | -45.11% |
| Rentabilidad sobre activos | -31.96% |
| Margen bruto | 28.75% |
| Margen operativo | -360.67% |
| Margen neto | -254.75% |
Salud financiera
| Deuda / Patrimonio | 0.15 |
| Ratio corriente | 6.30 |
Ratios Clave (10 años)
| Año | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | -45.12 | -13.86 | -0.52 | -0.15 | -4.43 | 16.38 |
| P/VC | 28.78 | 5.28 | 0.57 | 0.42 | -34.46 | 2.22 |
| P/V | 107.45 | 222.58 | 5.66 | 2.81 | 42.19 | 31.54 |
| Margen Bruto | 36.4% | 23.8% | 20.3% | 18.0% | 55.2% | 48.7% |
| Margen Operativo | -238.3% | -1595.9% | -1215.2% | -1968.0% | -345.8% | -617.7% |
| Margen Neto | -237.4% | -1606.1% | -1078.5% | -1880.8% | -932.7% | 191.4% |