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Side-by-side financial comparison of Palladyne AI Corp. (PDYN) and AgEagle Aerial Systems Inc. (UAVS). Click either name above to swap in a different company.

AgEagle Aerial Systems Inc. is the larger business by last-quarter revenue ($2.0M vs $1.7M, roughly 1.2× Palladyne AI Corp.). Palladyne AI Corp. runs the higher net margin — -89.9% vs -132.7%, a 42.8% gap on every dollar of revenue. On growth, Palladyne AI Corp. posted the faster year-over-year revenue change (118.3% vs -40.0%). AgEagle Aerial Systems Inc. produced more free cash flow last quarter ($-3.3M vs $-8.7M). Over the past eight quarters, AgEagle Aerial Systems Inc.'s revenue compounded faster (-17.9% CAGR vs -30.5%).

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.

Elbit Systems Ltd. is an Israel-based international military technology company and defense contractor. Founded in 1966 by Elron, Elbit Systems is the primary provider of the Israeli military's land-based equipment and unmanned aerial vehicles. It is an important company within the defense industry of Israel.

PDYN vs UAVS — Head-to-Head

Bigger by revenue
UAVS
UAVS
1.2× larger
UAVS
$2.0M
$1.7M
PDYN
Growing faster (revenue YoY)
PDYN
PDYN
+158.3% gap
PDYN
118.3%
-40.0%
UAVS
Higher net margin
PDYN
PDYN
42.8% more per $
PDYN
-89.9%
-132.7%
UAVS
More free cash flow
UAVS
UAVS
$5.4M more FCF
UAVS
$-3.3M
$-8.7M
PDYN
Faster 2-yr revenue CAGR
UAVS
UAVS
Annualised
UAVS
-17.9%
-30.5%
PDYN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
PDYN
PDYN
UAVS
UAVS
Revenue
$1.7M
$2.0M
Net Profit
$-1.5M
$-2.6M
Gross Margin
15.6%
38.5%
Operating Margin
-560.7%
-160.1%
Net Margin
-89.9%
-132.7%
Revenue YoY
118.3%
-40.0%
Net Profit YoY
97.2%
24.4%
EPS (diluted)
$-0.02
$-0.09

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
PDYN
PDYN
UAVS
UAVS
Q4 25
$1.7M
Q3 25
$860.0K
$2.0M
Q2 25
$1.0M
$4.2M
Q1 25
$1.7M
$3.6M
Q4 24
$761.0K
$2.8M
Q3 24
$871.0K
$3.3M
Q2 24
$2.7M
$3.4M
Q1 24
$3.4M
$3.9M
Net Profit
PDYN
PDYN
UAVS
UAVS
Q4 25
$-1.5M
Q3 25
$-3.7M
$-2.6M
Q2 25
$-7.5M
$-1.3M
Q1 25
$22.8M
$7.1M
Q4 24
$-22.3M
Q3 24
$-7.1M
$-3.5M
Q2 24
$-5.3M
$-2.9M
Q1 24
$-7.2M
$-6.3M
Gross Margin
PDYN
PDYN
UAVS
UAVS
Q4 25
15.6%
Q3 25
46.4%
38.5%
Q2 25
53.3%
55.7%
Q1 25
79.4%
58.5%
Q4 24
27.2%
40.6%
Q3 24
45.0%
49.7%
Q2 24
79.0%
45.8%
Q1 24
45.2%
50.2%
Operating Margin
PDYN
PDYN
UAVS
UAVS
Q4 25
-560.7%
Q3 25
-937.8%
-160.1%
Q2 25
-797.4%
-49.3%
Q1 25
-405.3%
-27.5%
Q4 24
-207.0%
Q3 24
-838.0%
-56.7%
Q2 24
-213.3%
-74.9%
Q1 24
-213.7%
-61.5%
Net Margin
PDYN
PDYN
UAVS
UAVS
Q4 25
-89.9%
Q3 25
-434.9%
-132.7%
Q2 25
-737.6%
-30.5%
Q1 25
1330.9%
193.5%
Q4 24
-791.9%
Q3 24
-814.7%
-105.3%
Q2 24
-196.2%
-86.4%
Q1 24
-210.1%
-162.2%
EPS (diluted)
PDYN
PDYN
UAVS
UAVS
Q4 25
$-0.02
Q3 25
$-0.09
$-0.09
Q2 25
$-0.20
$-0.32
Q1 25
$0.55
$-0.09
Q4 24
$52.35
Q3 24
$-0.27
$-16.03
Q2 24
$-0.20
$-12.06
Q1 24
$-0.28
$-70.50

Balance Sheet & Financial Strength

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

Metric
PDYN
PDYN
UAVS
UAVS
Cash + ST InvestmentsLiquidity on hand
$47.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$74.7M
$28.3M
Total Assets
$95.7M
$34.5M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PDYN
PDYN
UAVS
UAVS
Q4 25
$47.1M
Q3 25
$57.1M
Q2 25
$62.7M
Q1 25
$46.6M
$3.8M
Q4 24
$40.1M
$3.6M
Q3 24
$21.3M
$265.1K
Q2 24
$25.8M
$977.2K
Q1 24
$31.8M
$822.9K
Total Debt
PDYN
PDYN
UAVS
UAVS
Q4 25
Q3 25
Q2 25
Q1 25
$420.4K
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PDYN
PDYN
UAVS
UAVS
Q4 25
$74.7M
Q3 25
$51.8M
$28.3M
Q2 25
$53.8M
$16.3M
Q1 25
$28.3M
$4.2M
Q4 24
$-9.5M
$-5.7M
Q3 24
$23.4M
$6.2M
Q2 24
$29.8M
$8.1M
Q1 24
$34.2M
$9.1M
Total Assets
PDYN
PDYN
UAVS
UAVS
Q4 25
$95.7M
Q3 25
$72.9M
$34.5M
Q2 25
$78.3M
$23.2M
Q1 25
$63.3M
$20.2M
Q4 24
$56.3M
$20.6M
Q3 24
$38.7M
$22.0M
Q2 24
$45.1M
$22.8M
Q1 24
$50.4M
$23.2M
Debt / Equity
PDYN
PDYN
UAVS
UAVS
Q4 25
Q3 25
Q2 25
Q1 25
0.10×
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PDYN
PDYN
UAVS
UAVS
Operating Cash FlowLast quarter
$-8.5M
$-3.3M
Free Cash FlowOCF − Capex
$-8.7M
$-3.3M
FCF MarginFCF / Revenue
-526.2%
-168.0%
Capex IntensityCapex / Revenue
14.2%
0.7%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
PDYN
PDYN
UAVS
UAVS
Q4 25
$-8.5M
Q3 25
$-6.3M
$-3.3M
Q2 25
$-5.3M
$-2.7M
Q1 25
$-7.5M
$-1.3M
Q4 24
$-22.6M
$-2.5M
Q3 24
$-4.5M
$-1.1M
Q2 24
$-5.8M
$-1.4M
Q1 24
$-7.2M
$-1.6M
Free Cash Flow
PDYN
PDYN
UAVS
UAVS
Q4 25
$-8.7M
Q3 25
$-6.7M
$-3.3M
Q2 25
$-2.8M
Q1 25
$-7.6M
$-1.3M
Q4 24
$-22.9M
$-2.5M
Q3 24
$-4.5M
$-1.1M
Q2 24
$-5.9M
$-1.4M
Q1 24
$-7.3M
$-1.6M
FCF Margin
PDYN
PDYN
UAVS
UAVS
Q4 25
-526.2%
Q3 25
-776.0%
-168.0%
Q2 25
-65.7%
Q1 25
-445.0%
-35.8%
Q4 24
-3008.1%
-89.7%
Q3 24
-517.8%
-32.7%
Q2 24
-218.9%
-42.5%
Q1 24
-212.1%
-40.5%
Capex Intensity
PDYN
PDYN
UAVS
UAVS
Q4 25
14.2%
Q3 25
44.7%
0.7%
Q2 25
0.0%
0.3%
Q1 25
5.4%
0.3%
Q4 24
34.8%
0.5%
Q3 24
1.4%
0.0%
Q2 24
5.3%
0.4%
Q1 24
1.8%
0.6%
Cash Conversion
PDYN
PDYN
UAVS
UAVS
Q4 25
Q3 25
Q2 25
Q1 25
-0.33×
-0.18×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

PDYN
PDYN

Segment breakdown not available.

UAVS
UAVS

Drones Segment$1.1M54%
Other$912.5K46%

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