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Side-by-side financial comparison of Inhibikase Therapeutics, Inc. (IKT) and Palladyne AI Corp. (PDYN). Click either name above to swap in a different company.

Palladyne AI Corp. is the larger business by last-quarter revenue ($1.7M vs $1.0M, roughly 1.6× Inhibikase Therapeutics, Inc.). Palladyne AI Corp. runs the higher net margin — -89.9% vs -1223.3%, a 1133.5% gap on every dollar of revenue.

Inhibikase Therapeutics, Inc. is a clinical-stage biopharmaceutical firm focused on developing novel disease-modifying therapies for neurodegenerative disorders including Parkinson's disease. It advances pipeline candidates through preclinical and clinical studies to address unmet medical needs and improve patient outcomes worldwide.

Palladyne AI Corp. 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.

IKT vs PDYN — Head-to-Head

Bigger by revenue
PDYN
PDYN
1.6× larger
PDYN
$1.7M
$1.0M
IKT
Higher net margin
PDYN
PDYN
1133.5% more per $
PDYN
-89.9%
-1223.3%
IKT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
IKT
IKT
PDYN
PDYN
Revenue
$1.0M
$1.7M
Net Profit
$-12.7M
$-1.5M
Gross Margin
15.6%
Operating Margin
-1323.3%
-560.7%
Net Margin
-1223.3%
-89.9%
Revenue YoY
118.3%
Net Profit YoY
-5.0%
97.2%
EPS (diluted)
$-0.10
$-0.02

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
IKT
IKT
PDYN
PDYN
Q4 25
$1.0M
$1.7M
Q3 25
$0
$860.0K
Q2 25
$0
$1.0M
Q1 25
$0
$1.7M
Q4 24
$0
$761.0K
Q3 24
$0
$871.0K
Q2 24
$0
$2.7M
Q1 24
$0
$3.4M
Net Profit
IKT
IKT
PDYN
PDYN
Q4 25
$-12.7M
$-1.5M
Q3 25
$-11.9M
$-3.7M
Q2 25
$-9.9M
$-7.5M
Q1 25
$-13.7M
$22.8M
Q4 24
$-12.1M
Q3 24
$-5.8M
$-7.1M
Q2 24
$-5.0M
$-5.3M
Q1 24
$-4.6M
$-7.2M
Gross Margin
IKT
IKT
PDYN
PDYN
Q4 25
15.6%
Q3 25
46.4%
Q2 25
53.3%
Q1 25
79.4%
Q4 24
27.2%
Q3 24
45.0%
Q2 24
79.0%
Q1 24
45.2%
Operating Margin
IKT
IKT
PDYN
PDYN
Q4 25
-1323.3%
-560.7%
Q3 25
-937.8%
Q2 25
-797.4%
Q1 25
-405.3%
Q4 24
Q3 24
-838.0%
Q2 24
-213.3%
Q1 24
-213.7%
Net Margin
IKT
IKT
PDYN
PDYN
Q4 25
-1223.3%
-89.9%
Q3 25
-434.9%
Q2 25
-737.6%
Q1 25
1330.9%
Q4 24
Q3 24
-814.7%
Q2 24
-196.2%
Q1 24
-210.1%
EPS (diluted)
IKT
IKT
PDYN
PDYN
Q4 25
$-0.10
$-0.02
Q3 25
$-0.13
$-0.09
Q2 25
$-0.11
$-0.20
Q1 25
$-0.15
$0.55
Q4 24
$0.88
Q3 24
$-0.65
$-0.27
Q2 24
$-0.66
$-0.20
Q1 24
$-0.73
$-0.28

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IKT
IKT
PDYN
PDYN
Cash + ST InvestmentsLiquidity on hand
$218.3M
$47.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$172.9M
$74.7M
Total Assets
$181.2M
$95.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IKT
IKT
PDYN
PDYN
Q4 25
$218.3M
$47.1M
Q3 25
$39.1M
$57.1M
Q2 25
$9.9M
$62.7M
Q1 25
$19.7M
$46.6M
Q4 24
$138.6M
$40.1M
Q3 24
$2.3M
$21.3M
Q2 24
$4.9M
$25.8M
Q1 24
$7.4M
$31.8M
Stockholders' Equity
IKT
IKT
PDYN
PDYN
Q4 25
$172.9M
$74.7M
Q3 25
$72.9M
$51.8M
Q2 25
$80.1M
$53.8M
Q1 25
$85.7M
$28.3M
Q4 24
$94.9M
$-9.5M
Q3 24
$-530.6K
$23.4M
Q2 24
$5.1M
$29.8M
Q1 24
$6.8M
$34.2M
Total Assets
IKT
IKT
PDYN
PDYN
Q4 25
$181.2M
$95.7M
Q3 25
$79.6M
$72.9M
Q2 25
$88.9M
$78.3M
Q1 25
$94.3M
$63.3M
Q4 24
$98.6M
$56.3M
Q3 24
$4.4M
$38.7M
Q2 24
$8.8M
$45.1M
Q1 24
$11.1M
$50.4M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
IKT
IKT
PDYN
PDYN
Operating Cash FlowLast quarter
$-7.5M
$-8.5M
Free Cash FlowOCF − Capex
$-8.7M
FCF MarginFCF / Revenue
-526.2%
Capex IntensityCapex / Revenue
0.0%
14.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IKT
IKT
PDYN
PDYN
Q4 25
$-7.5M
$-8.5M
Q3 25
$-10.6M
$-6.3M
Q2 25
$-5.6M
$-5.3M
Q1 25
$-4.1M
$-7.5M
Q4 24
$-5.3M
$-22.6M
Q3 24
$-4.9M
$-4.5M
Q2 24
$-5.1M
$-5.8M
Q1 24
$-3.9M
$-7.2M
Free Cash Flow
IKT
IKT
PDYN
PDYN
Q4 25
$-8.7M
Q3 25
$-6.7M
Q2 25
Q1 25
$-4.1M
$-7.6M
Q4 24
$-22.9M
Q3 24
$-4.5M
Q2 24
$-5.9M
Q1 24
$-7.3M
FCF Margin
IKT
IKT
PDYN
PDYN
Q4 25
-526.2%
Q3 25
-776.0%
Q2 25
Q1 25
-445.0%
Q4 24
-3008.1%
Q3 24
-517.8%
Q2 24
-218.9%
Q1 24
-212.1%
Capex Intensity
IKT
IKT
PDYN
PDYN
Q4 25
0.0%
14.2%
Q3 25
44.7%
Q2 25
0.0%
Q1 25
5.4%
Q4 24
34.8%
Q3 24
1.4%
Q2 24
5.3%
Q1 24
1.8%
Cash Conversion
IKT
IKT
PDYN
PDYN
Q4 25
Q3 25
Q2 25
Q1 25
-0.33×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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